₦airaland Forum

rebekah2011:
This Morgan Capital got me thinking again. The Late MD resigned and worked with the Presidency before his demise. They have had a new CEO since. I do not understand this suspension by NSE, it can not be because of succession matter alone. There are other issues which every one has refused to tell us. I spoke with an official of the company now, the way she sounded makes me feel that it is a long way to go. We may just be looking at next year

Primetech:
Dono why FCMB had to audit their Q3 thereby extending our excitement.

fxuser:
just some random thots

- Fixed income yields continues to soak up local liquidity but fails to attract foreign inflow.
(if you hav 1 billion Naira, its likely you will take a 1 Yr +20% T-Bill)
- Unclear forex policy & fx liquidity will continue to drag most sectors
- Banks have no reason to lend with such govt yields. Its FREE MONEY.
- Without higher foreign participation and lower govt securities yield, capital market will remain cheaper for much longer
- its safe to avoid earnings bias & dividend bias
- 2017 Q1 games will be between Dividend yield versus Tbill Yield for short plays
- d unclear fx policy and fx liquidity squeeze and inconsistent CBN interventions will soon throw up more economic jabs and further macro uncertainties
- looking at d index over the last 3 - 5 years , its still bearish, making lowers highs each time. Caution to long term people
- take profits always and cut losers quickly
- 1 year daily chart : bearish
- 1 year weekly chart : bearish
-


#NoteToSelf

carpenter:
No fixation on FBN for me, but I am fixated about everything I own. I don't think FBN is a dying company, they are struggling and it might take years to get back but certainly not dying.

carpenter:
DEFINITION of 'Average Down'

The process of buying additional shares in a company at lower prices than you originally purchased. This brings the average price you've paid for all your shares down.

http://www.investopedia.com/terms/a/averagedown.asp

say you bought 1,000 units @ 33 naira...costing you about 33,000 excluding fees and taxes.

Since you have taken a stand not to sell at less that 33, you can buy more say another 1,000 at 3 naira and your average cost of the stock will go down. That way you don't have to wait till it gets to 33.

1. 1,000 units @ 33=33,000
2. 1,000 units @ 3 = 3,000

TC=36,000
AC=36,000/2000= 18

So now only need to wait for 18 and not 33 to break even (fees and taxes not included)

The more you buy now, the better for you.

fxuser:
- well depends but that won't be a major surprise. FX gains & all dat bonaza from this high govt interest environment will help.
- its d NPL ratio that long term investors would be watching
- Q2 NPL ratio was well above regulatory threshold at 22% ! anything far lower is step in d right direction
- at d end of the day , its sentiments that drive markets !

dis:
closely watching at 2.95

fxuser:
FBN
- 3 yr wkly chart showing bullish divergence
- 52 week low support still holding
- SP trading below all major trend lines
- is the worst over ?

feelamong:
where is the efficiency for a bank that had to make a provision of 57B for loan impairment charges..

if not for the Revaluation of Forex...they would have made a massive loss...infact this is a very poor result

ExLaidback:
Ok, but what is it about their history? not consistent in dividend payment or in revenue growth? kindly enlighten, cos I've not really followed these stocks for that long...

ExLaidback:
It's pertinent to note that UBA's total earnings has perhaps for the first time in a long time exceeded that of GTB. While NSE sentiments may favour GTB for now, I do think that UBA is a much better buy considering present SP and value (i.e. if they get to add the FX gains to their dividend pay for FYE 2015). If they add the FX gains, their EPS would be very close to that of GTB (it ought to be higher but for the fact that they have a 23% higher OS than GTB).

We are watching, unfortunately my money is tied down in UCAP. So I no fit enter UBA.

This no be buy or sell recommend o

leparj:
Good news. If you play long term ie at least 10-15yrs, Load this stock n go to sleep. U wont regret it.

feelamong:
None yet...Just Follow @PaulWallace123

he is a bloomberge reporter for Africa.....I expect the article the bloomberg any moment from now

feelamong:
Paul Wallace ‏@PaulWallace123 7m7 minutes ago

#Nigeria's Access Bank sold a $300m five year #Eurobond yesterday with a yield of 10.75%.

pluto09:
Good job you are doing, kudos
I am interested in what you are doing and will like to do bussiness with you. How is market for cucumber in ogbomoso or do you plan to sell your product somewhere else? And where in ogbomoso is your farm located? (i am from ogbomoso though presently based in ekiti.) thanks.