₦airaland Forum

Chibuking81:
Fidelity will see below 1.20 if not 1.10, in the months of September.
Remember, their 2017 EPS seems to be same with FCMB. ( Fidelity 31, FCMB 30)
The only difference, is that Fidelity grow in profit to reach FCMB, while FCMB decline in profit to be almost the same with Fidelity.

I always feel pain when i see people who should know falling for this kind of manipulation.
fcmb eps is not 30k at H1 2017. what you see here is annualised. And to know that some investment houses also fell for this thing is really a shame

mendes911:
Chief, are you saying that people are buying Fidelity now hoping that the price will move north tomorrow?

The best that might happen is that bears will retract and the likes of Diamond will be forced to level up with Fidelity.

But I have also been wrong in the past, I could also be wrong this time around. But the probability that prices will drop seems high enough for me to back off.

Make we continue dey watch.

People buy stocks for different reasons. I actually sold my fidelity today at N1.37.
My point is that we should be careful in predicting the direction of the market.

mendes911:
I doubt market is bleeding yet, wait till GTB and Zenith starts bleeding.

I take side eye dey look all these guys buying fidelity. They must know what I don't know.

The market is a two way thing. One has to be prepared since nobody knows for certainly the direction the market will go.

robobo:
God Bless you sir as per bolded

in fact bar any other thing u ve made my day with this statement

fxuser:
Guinness is still in a downtrend ,(trading below long term MA's)
so a corrective bounce shud not be seen as a reversal.

I need to see improvement in Guinness balance sheet before I can consider putting my money into it. I am not swayed by the sentiment of white superiority in management.
Profit is the koko

Zhirinovsky:
The 50% retracement I am talking of is on recent gains.

OK.

fxuser:
yes oh
Ex: transcorp, diamond

Thanks.
Diamond is on my watch list, anything below N1.10 will be good for me.
Lead us not into temptation is my prayer when transcorp is mentioned

Zhirinovsky:
Guinness has retraced more than 50%

Guinness has not sold for more than N100 this year. 50% retracement is still far away.

fxuser:
Entries

- 2 types : buying pull backs or breakouts
- if u like pull backs , this is your season
- if u like breakouts , come back when prices break recent highs

For d pull backs team
- we are about 11 weeks into this pull back from recent highs , generally speaking
- stocks with a 50% retracement from their recent high shud be on your radar (use Fibs)
- u have to be patient with d pull back to gain good a good avg support entry
- be very patient , avoid itchy fingers loll

Oga mi sir, do we have any stock with a 50% retracement from their recent high

https://www.thisdaylive.com/index.php/2017/08/30/wigwe-banks-cannot-provide-for-power-sector-loans-because-its-systemically-important/

On his prediction for the financial services industry, he said: “I think a couple of things would happen. You don’t just come out of a recession and nothing happens.
“You would see a spike in non-performing loans, particularly as loans mature. You know, some of those loans would just be maturing, so you would see a spike and then it would get better.
“So what you are likely to see, depending on the risk management philosophy of the bank, you would see a spike between now and December 2018.
“But I think the banks are certainly in much better positions to handle it than they did during the last exercise that happened in 2007-2008.

fxuser:
loll
its not in dem nature oga !
wait till yr end !

Yes, but it is also not in Dem nature to do half year audited result ke
They just raised our expectations in vain.

dipoolowoo:
HY 2017: Fidelity Bank Grows Profit by 65.6% to N9b, Declares no Interim Dividend
https://www.businesspost.ng/2017/08/30/hy-2017-fidelity-bank-grows-profit-by-65-6-to-n9b-declares-no-interim-dividend/

No dividend, why nauw

theVision:
gurus in the house, please i bought fcmb after many research nd analysis @1.14 last week, now its gone sour....please where did i miss it?...where there any prior clues to its price decline that i was ignorant of, and what should i check for next time....ive been sleeping since d market closed 2day, e b like trailer jam me..please help!..

Let me ask you a question, what did you see in fcmb that made you buy it in the first place?

BMZK:
From my WO (Watching Observations) not TA, something is being cooked at Fidelity and it is likely going to be delicious meal.

And it could also be a sour meal

fxuser:
Aug to Date
top 5 gainers

CILeasing +38.75%
DangFlour +26.82%
Guinness +22.46%
Nestle +19.02%
Livestock +16.05%


(dangFlour breaking on on d weekly)

Thanks for this.
Can you kindly give us the update on the various indexis as to % gain in the month of August

jamace:
Chai, see life. Nobody mentions the ELEPHANT in the big league any longer. There is this adage which says that when a big problem floors the elephant, even ANTS will crawl on its body. Well, na so life be.

Happy weekend to you all.

The elephant is sick now. We wish her a quick recovery

Chibuking81:
OK, if they repeat the payment of last year based on their current price

1. GTB (1.75 + .25 interim = 2) 2 X 100,000 = #200,000
2. Zenith (1.77 + .25 interim = 2.02 ) 2.02 x 174,900 = #353,298
3. Access (.40 + .25 interim = .65) .65 x 398,000 = #258700
4. UBA (.55 + .20 interim = .75) .75 X 416,500 = #312,375

The best approach is to define our investment objectives.
In terms of dividend yield and p/e, gtb is definitely lagging behind.
I personally like companies with high dividend yield and low p/e but the point is there are others out there who would look at some other variables in picking stocks.
Whatever works best for us, we should stick with it.

Chibuking81:
Please can someone explain to me why the earning of GTB/Stanbic bank with their current price has a big difference when compared with Zenith, Access and UBA.

The first is high in their stock price but small in its earning, while the later are small in their price but high in their earning when compare with the price of GTB/ Stanbic .


Please I need an explanation.

I hope one can rightly say that the first set are in their fair price region, while the others are in their undervalued region.

Fundamentals is not about eps only.
There are other variables that investors look for in a company.
What places Gtb above Other banks is their efficiency.
Check out return on equity, return on assets, cost to income ratio,interest expenses and so on and so forth.

I did a comparative analysis of the five big banks and what I found was very revealing.Here is one of what I found :
Gtb has the lowest personnel expenses among the group,about half of the other. Gtb 16.36b: access 27.74b: uba 33.95b: zenith 36.21b: fbn 42.0b as at H1 and yet gtb has the highest PAT.

And one other thing that is going for them is their consistency.They have built a reputation over time and this has generated a positive sentiment for them.

In my own opinion, the premium is justified and this will likely continue for many more years.
There is no point arguing with Mr market on pricing,the best approach is to align ourselves with the direction that Mr market provides.

ihedioramma:
Well not that uba is not good but i can't buy the price now .

No problem. You can fix your own entry price.

ihedioramma:
You too much but remember school fees bear and bewere of uba is like time to go back small, small below #4 .

In my dictionary there is nothing like school fees bear.
Any time I come across a good stock selling at an attractive price, I just buy provided I have the money. It could be August, September, may or January ,I care less about the month.

bigjay01:
oops, mine is N1.39 down from the listing price of N8

This is my 2nd journey in fidson this year.
I bought at N1 early this year and sold at N2
I have reviewed the q2 result and i consider it a good buy again at N3.

ihedioramma:
Please oga emma stop this here, let's talk only about stocks here . @ Poluto09 what's the way ? what's the name of the road/hause you are now ? .

I like uba with the latest result. Entry below N10 will be good.

I am buying fidson again. My entry price is N3.05 on the average.

Dangote flour holds good promises. I am done with buying with an entry price of N6.05 on the average.

Watching presco and okomu to enter at a very attractive price.

Nairaruky:
What you do not understand in d game of conspiracy against the masse by d rich is that the issue of subsidiary is buried.What they do now is called derivatives of derivatives that will make shares worthless.
Arm will invest your money in mansard at d highest bid
(U loose money) They will sell for you at the lowest offer.
The shares of arm in mansard is far differ from what u are seeing in the game of conspiracy.
The financial predators are after your money,if you escape them at mutual funds, they are waiting for you at the securities arm, if u dodge dm at this level..a doom is already planted at the pension funds.( dy are allowed to invest your money in shares, tb,promissory note, commercial paper, banker acceptance note) etc
Same conspiracy is being played at stanbic IBTC but with a slight compassion for investors ,dz is contrary to arm that is known for heartlessness.
You do not need to be a prophet to see that fbn will soon ask the govt of Nigeria for a bail out. By then the share value will collapse to N2.00
While by 2020 Arm will float an investment or a deposit bank...still the pattern of derivatives.
They are following the pathway of leman brother, AIG etc
In all dz scenario,the investors have no profit
Money created for the rich from the labour of the poor.
Money only exist in imagination.
We must read books and free our friends and foe from financial slavery.
Pls share dz link free to all Nigerians

www.pdfdrive.net

The secret to success is in knowledge
Dz information age is going to be a persistent battle BTW the ruled and d ruler

I don't believe in conspiracy theory the way you are putting it.
We are all architect of our (mis)fortune in money management.
The rich do not sit anywhere to conspire against the poor.
Knowledge is key but we need the right application of it.

rebekah2011:
UCAP will do its magic in Q4. Expecting the dividend income from the subsidiaries not to be less than 6b. Looking at 50k dividend for the full year.

It is better you moderate your expectation on UCAP.
The possibility of the company paying a 50k dividend at full year is very slim.
Profits were boosted last year as a result of the sale of one of the subsidiaries which is a one off thing.
Putting all your money in one stock when you are not the owner of the company is not the best way to manage investment risk. My humble submission!

currentprice:
i think the result is better than GT based on this Q2,, though Gt will always win base on their efficiency

look at their pbv gt 2.2 access 0.6

with my tasere analysis base on dis Q2 alone Fair value N12

might cross over N20 if they maintain the pace by Q3 and Q4

Not comparing with other banks yet.
Comparing access with access q/q is what i am talking about.
The profit for q2 on a stand alone basis is about half of profit of q1.
Will look at it in details to see what might have been the reason for a decline in q2 profit.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/19406_ACCESS_BK-AUDITED_HALF_YR_JUNE2017_FINANCIAL_STATEMENTS_AUGUST_2017.pdf

Below my expectation and projection!

currentprice:
look lik it 35.87kobo - 2017

http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_C%20I%20LEASING%20PLC._2017-07-28.pdf

It is 35.87kobo.

jamace:
Check offences on quoted source.

Did not see the offences of the likes of presco, ubn and some others from the source.

jamace:
Nigerian Stock Exchange places 49 firms under Caveat:

The companies included:
Union Bank of Nigeria,
Presco,
Skye Bank,
Transcorp Hotel,
Resort Savings and Loans,
Evans Medical,
Academy Press,
Nigerian-German Chemicals
Caverton Offsshore Support Group.
Capital Hotel,
Chellarams,
Interlinked Technology,
Infinity Trust Mortgage,
E-Tranzact,
Omatek Ventures,
Roads Nigeria,
Multi-Trex Integrated Foods,
Aso Savings & Loans,
Ekocorp,
Ikeja Hotel,
Union Homes and Savings,
Deap Capital Management & Trust,
International Energy Insurance,
Afrik Pharmaceuticals,
Anino International,
African Paints,
Goldlink Insurance and
Thomas Wyatt Nigeria.
Golden Guinea Breweries,
FTN Cocoa Processors,
African Alliance Insurance Company,
Austin Laz & Company,
Daar Communications,
Fortis Microfinance Bank,
Juli,
Great Nigerian Insurance,
Capital Oil,
Union Dicon,
Union Diagnostics,
Universal Insurance,
Premier Paints,
Avon Crowncaps & Containers and
Afromedia.
Others are delisting in progress.

https://trwstockbrokers./2017/08/23/stock-exchange-places-49-firms-under-caveat/

Nigerian press with copy and paste.
Was expecting that at least the offences of those companies would have been listed against each of them.

pluto09:
The same here. Registered last week and yet to get my account credited. I have sent them a mail this morning.

Got my alert some minutes ago
I am impressed by Veritas registrars, quick response to mails.