₦airaland Forum

veecovee:
Could it be that Morgan is taking advantage of us? Imagine how I'm watching dangflour trading from 5.59 down to 5.09 and about to go on full offer...without being able to lock my profit. Oh my goodness, is Morgan gaining from this?

Don't worry bro. Dangote Flour has not even started its journey.

Coolcash1:
Danflour- 1.72 million units on bid @N5.40 while offer is 758,396 units at average of 5.59
Diamond - 4.353million units on bid at best price of 1.41 while offer is 854,581 at minimum offer price of N1.49
FO is on bid
COnoil is on offer.
FBNH 13.26m on bid at highest price of N6.97 while offer is 11.865M units at minimum price of 6.99
Transcorp is on bid...Price is N1.52

Thanks. This market has taken cocaine o

Guys pls kindly keep us posted with events in the market. Morgan Capital is so unreliable.

What is the current stand of Dangflour, Diamond, FBN, Transcorp, Conoil, FO

@BearBullMkt I just sent you a mail.Pls try and reply.

This page has turned to another tirade suddenly. Nobody is sleeping over his investement. Eyes have to be very open.

Princkez:
according to d report dat of transcorp is still in progress...dey may end up receiving 20b+

I waiting for Transcorp to hit #2. Then getting to #3 might be less difficult.

Now that Morgan has done it again, bnsitl on other platforms should pls keep us posted with what the market looks like.

http://leadership.ng/2017/06/08/n701bn-stimulus-10-gencos-get-n12bn-fg-begins-disbursement/

How does this impact on Transcorp?

@BearbullMkt and Fuser, how is Conoil behaving on the chart. I know it has liquidity issues but have the potential to give amazing returns.

Does it look like a buy?

Some of us have gold in our hands now thanks to the price we entered some of the stock. Hold on. The market just started its rally. Quarter 2 rally is going to look like Tsunami when companies post good results

Conoil Looks ready to return 100% in few weeks time. How many persons have boarded the bus already. That stock is capable of doing one man bull in the weeks ahead.
Pls do your DD.

OBAGADAFFI:
Conoil result coming soon

Pls can you keep me posted on this. The stock can do 100% in 2weeks if the result is good. I have been watching it for a while now.

I will encourage to hold on to wat we already have. We may never see these stocks at the prices we use to know.

It seems to me Diamond bank will enrich people this year.

This is typical of Nigeria. Ambassador for kissing. Not hating but can we move away from BBNaija to real issues.

CRR of some banks



The banking system is a cycle of sorts, with deposits and withdrawals being made by customers. However, there is the extra factor of the banks’ lending depositors’ funds to other people in form of loans. If left unchecked, banks, who use these loans as an avenue of making money for themselves, could excessively loan out funds until their ability to meet withdrawal demands are jeopardized. It is to curb this that the CBN sets the Cash Reserve Ratio (CRR).

Cash reserve Ratio (CRR) is the amount of funds that commercial banks have to hold as reserves either in cash or as deposits with the CBN. The higher, the CRR, the less money commercial banks have with them for lending purposes. The CBN also uses this benchmark to control the amount of money in circulation. With CRR increased to 22.5% from 20% last year, Nigeria’s 11 Tier-1 and Tier-2 banks have deposited the following sums over the past 1 year with the CBN according to Leadership



FBN Holdings N542 billion
Zenith Bank N447.5 billion
United Bank for Africa N321 billion
Access Bank N250.8 billion
Diamond Bank N204 billion
Fidelity Bank N170 billion
FCMB Group N139 billion
Sterling Bank N94.48 billion
Stanbic IBTC Holdings N88.77 billion
Wema Bank N48.16 billion
Unity Bank N40.37 billion

Now that bears have hugged some stocks, we are no longer seeing the crowd that came during the bull run.

Things have changed. Buy in May should be the new slogan.

Cadillac15:
Heard a rumour that diamond bank might likely do a 6month half year audit with the posibility of declaring dividend to appease their shareholders.

Who can confirm?

Which money are they paying it from?
If it turns to true, the SP might soar.
Let's verify this. I think there is massive accumulation going on here though

BullBearMkt:
Diamond Bank
-Lagging in the banking sector
-and among contemporaries (Fidelity, FCMB), it is lagging
-Daily is turning bearish after a nice around to above N1
-Weekly is dragging around support level around 0.80

Livestock
-Nice rally to 0.97
-Daily is now bearish
-Weekly is bullish


-Trying to look for support on daily


CCNN
-Daily is now bearish
-Weekly is bullish
-Now sitting on support on Daily, but bears are charging high!!!

Thank you chief. Let me see how the companies close tomorrow

@Bullbear, what is the outlook of Diamond Bank for the rest of this month?

What about Livestock and CCNN?

Thanks.

fxuser:
Transcorp
- Weekly chart looks positive , with RSI breaking higher
- SP spent all last week above 95kobo for the first time since early November
- We welcome d pull here on d daily for re-entry

Thank you bro. Let's see how the market reacts this week.

Pls @ Fxuser and Bearbullmarket, what are the chats saying about Dangote Flour, FCMB, Transcorp and Fidelity. I will appreciate there weekly outlook.

Thank you

Trading rules NSE the most. Most of the companies with sound foundamentals have actually not seen the light of the day on the NSE. Sentiment, emotion, crowd mentality etc rules the market. Would most of the stocks we have in our portfolios ever do 50% minus the isolated cases?

To think that I saw this wave coming and I didn't pour in enough cash is making doubt my investment depth. This is going to last. It is across board.

ASI should be heading above 28k now.

PharmAlfred:
The men in black have come back. Position carefully. The market might keep moving up.




Nairametrics| In a bid to placate and lure foreign investors, the CBN introduced a window for investors and exporters looking to buy or sell dollars at a more market determined rate. The window was pitched as a market that will be insulated from the fixed price that was symbolic of other windows.

The CBN, believes liquidity will mostly be provided by dealers and will only intervene should there be strong signs of a liquidity squeeze. It appears, this scenario is playing out as investors share their experience.

Experience in the FX Window

Initial reaction to this window was understandably cautious but mostly welcomed. Investors were concerned about the manual nature of the price determination as the FMDQ will have to rely more on telephone calls to confirm prices, rather than use the Reuters engine, which the CBN claimed was slow to be adopted by market participants.

We have now received the first set of feed-backs from foreign investors, and as Bloomberg reports, they are a mix of good and bad.

Unlike last year when they were dissatisfied with the disparity between the official rate and the black market rate, the concern seems to have moved towards two main concerns.

Shortage of dollars – they claim the CBN has not provided liquidity for the window.
Manipulation – They are concerned that the CBN may manipulate the rates in the window
Despite these concerns, the report suggest investors have started exchanging dollars for naira, albeit in smaller quantities. Some have purchased treasury bills at 22%, while others have invested in bonds. Some have secured positions for investment in equities.

While investors welcomed the move, there’s still a shortage of dollars amid persistent concerns that the monetary authority, which backtracked on a pledge to float the currency last year, will manipulate the rate within the window.

For these traders, caution is still the watchword, however the lure of double digit yields and low asset prices, suggest liquidity is their biggest concern.

See the Bloomberg article here. (Ignore the heading)

In view of the above, which sectors are likely going to receive the highest inflow?

The men in black have come back. Position carefully. The market might keep moving up.




Nairametrics| In a bid to placate and lure foreign investors, the CBN introduced a window for investors and exporters looking to buy or sell dollars at a more market determined rate. The window was pitched as a market that will be insulated from the fixed price that was symbolic of other windows.

The CBN, believes liquidity will mostly be provided by dealers and will only intervene should there be strong signs of a liquidity squeeze. It appears, this scenario is playing out as investors share their experience.

Experience in the FX Window

Initial reaction to this window was understandably cautious but mostly welcomed. Investors were concerned about the manual nature of the price determination as the FMDQ will have to rely more on telephone calls to confirm prices, rather than use the Reuters engine, which the CBN claimed was slow to be adopted by market participants.

We have now received the first set of feed-backs from foreign investors, and as Bloomberg reports, they are a mix of good and bad.

Unlike last year when they were dissatisfied with the disparity between the official rate and the black market rate, the concern seems to have moved towards two main concerns.

Shortage of dollars – they claim the CBN has not provided liquidity for the window.
Manipulation – They are concerned that the CBN may manipulate the rates in the window
Despite these concerns, the report suggest investors have started exchanging dollars for naira, albeit in smaller quantities. Some have purchased treasury bills at 22%, while others have invested in bonds. Some have secured positions for investment in equities.

While investors welcomed the move, there’s still a shortage of dollars amid persistent concerns that the monetary authority, which backtracked on a pledge to float the currency last year, will manipulate the rate within the window.

For these traders, caution is still the watchword, however the lure of double digit yields and low asset prices, suggest liquidity is their biggest concern.

See the Bloomberg article here. (Ignore the heading)

Pls what is the situation @ May and Baker?
As for OANDO, only the people buying it seems to understand what is going on.

What's up with Dangote Flour?

This month is that of pure surprise for investors.

What holds Oando price is what I don't seem to understand. With a flat result price, their price is maintained. With a bad result, the price don't go down.

This is the more you look the less you see stock.

When will Dangote Flour turn up? The result had better be good.

pluto09:
Transcorp can trade a billion units for all that care.
I don't have to be in every stock that will make money for investors this year. There are better stocks out there with minimal risk. I waka pass.

Yeah bro. It is a choice to invest or not.Spotting opportunities is the biggest talent an investor can have. I know this year is going to be magical.

People are going to ask themselves, 'why didn't not make the move'? 'Where was I'?

I pray we keep making that critical decision when it matters.

Who saw the volume Transcorp trade today?? 56million plus. Something is telling me those investors can't all go wrong.

NB: Just watching from the sideline.

locodemy:
Brother,no sentiments here again.They need to work their faith out.They deceived us by telling us @ their AGM early this month that Q1 result is very positive.Now fingers are burnt...........Take a look at what currentprice posted concerning Transcorp/diamond bank bid/offer status.Let us call a spade a spade.
I am even worried about my fcmb.If it fall for market hand this time around,the stock go dey too much battered.

Chief you have a point. But as we speak, people are buying Transcorp. Let's see how far the panic will last.

The next hunting ground is now FCMB, Fidelity, FBNH etc. They have started gathering on the afforementioned haven seen the much anticipated results.

The market is just ungrateful to some stocks.

I think Transcorp holds a much larger prospect than most of us can imagine. Q1 has started on a positive note. Personally, I didn't think they will recover this soon. Look at that 2016 Q3 and FY to understand better. The market will always decide though.

locodemy:
The dividend alert will land in our various accounts by Tuesday next week and you are talking of joining us to have the dividend without participating in the sufferings.
Well,your sense of humour is very very unique.

Chief Loco, pls what prospect does FCMB hold? Do you think their q1 result will be fine? I see mixed feeling about the stock @ play. I think that's the kind of Stock to buy, cos by the time they surprise the market with a good result, the hyper bids usually do not have part 2