sterlingD:
My eyes are seeing things
UBA and ACCESSCORP

dapix:


Look at AIICO also.

yMcy56:

Na so e dey be sometimes.....
Similar scenario played out in GT and ZENITH too........before GT later reclaimed its position....

Some of them are destined for leadership. We'll see what will happen in the case of UBA/ACCESS as well......
While elephant may continue to come from behind and overtake...... Na just my opinion o.



In this market, one can neve4 say never......

UBA now @21.95
ACCESS: 17.60
FBNH: 19.20

* Meanwhile, some of the Insurance stocks delivered very good results as well.

Locotrader:


Yes, Aiico did well too.
Both Aiico and MB has bloated OS and it hinders their sharp rise.November bull will propel companies with good numbers and I believe this time around some insurance stocks will receive patronage from investors

https://doclib.ngxgroup.com/Financial_NewsDocs/39776_AIICO_INSURANCE_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

yMcy56:

Na so e dey be sometimes.....
Similar scenario played out in GT and ZENITH too........before GT later reclaimed its position....

Some of them are destined for leadership. We'll see what will happen in the case of UBA/ACCESS as well......
While elephant may continue to come from behind and overtake...... Na just my opinion o.

In this market, one can neve4 say never......


* Meanwhile, some of the Insurance stocks delivered very good results as well.

kolaish:
Mutual Benefit seems to have the lowest PE ratio (2) in the insurance sector based on their current result. It is better than AIICO on outstanding shares (OS) because AIICO has about 36 billion OS, while MB has just 20bn units

BabsO2:


Are you saying FBNH understated FX gains. That more gains will be delivered in FBNH full year than currently reported in Q3. While UBA already reported the all z gains and by full year FBNH FX gains will exceed UBA gains.

If so that could explain the rally in FBNH, as some vested money bags mop up available offers since they know the value. This will make them also mop the rights in full.

vacanci:


e be like say na FBN shares u load very well.

aj8:
. But I find the mathematics in all this quite intriguing.

aj8:

1. First Bank N53.7bill
Q2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

dapix:


It is due to financial "ösmosis", movement of funds from higher concentration to a lower concentrate

yMcy56:
FBNH
When I saw the 20M single offer just placed @19.65, I already knew it was for crossing.....
Picked in cross deals......


Lol. Another one was the 20M bulk crossing.....

Full bid @19.65 now....

yMcy56:

You did this FX analysis even before now and FBNH has the highest FX gain if I still remembered very well.


Your July 24 posts below:

yMcy56:

You did this FX analysis even before now and FBNH has the highest FX gain if I still remembered very well.


Your July 24 post below:

dapix:


It is due to financial "ösmosis", movement of funds from higher concentration to a lower concentrate

emmanuelewumi:



That is diffusion.


Osmosis is the movement from lower concentration through a semi permeable membrane to areas of higher concentration

emmanuelewumi:



That is diffusion.


Osmosis is the movement from lower concentration through a semi permeable membrane to areas of higher concentration

PETERiCHY:
For the NEWBIES that aren't in the MARKET yet.. HISTORICALLY November till mid December is often BEARISH.

So keep your FUND on STANDBY to CHERRYPICK when the OPPORTUNITY calls 🌸🍒

BARGAIN HUNTERS TAKE NOTE!

Agbalowomeri:


Lol when everything has been opposite this year

emmanuelewumi:



That is diffusion.


Osmosis is the movement from lower higher concentration through a semi permeable membrane to areas of higher lower concentration

Heishere:

Oga Agba you don enter back?

PETERiCHY:
For the NEWBIES that aren't in the MARKET yet.. HISTORICALLY November till mid December is often BEARISH.

So keep your FUND on STANDBY to CHERRYPICK when the OPPORTUNITY calls 🌸🍒

BARGAIN HUNTERS TAKE NOTE!

ositadima1:


I hope Dr. Awo agrees.

Deadlytruth:

We have a new analysis......BA (Biological Analysis)

aj8:



To understand what’s happening you need to peruse UBA’S report. Check Note 5. Expect even more of such for FBN

Agbalowomeri:


Na inside Dollar I dey till generational low 😂

Deadlytruth:

Osmosis is the movement of water specifically (and not just any substance) from a region of lower higher concentration of any other substance to a region of higher lower concentration of that same substance through a semipermeable membrane.

emmanuelewumi:
It should get to about 75,000 by the end of the year