₦airaland Forum

Aks:
I said it yesterday that guys should position very well on SKYE BANK. @myjoy08-- how far @ Fidelity?

In this business of ours, nobody should be COCKSURE on any thing o except you are an insider. Mere mortals like us can only keep guessing.

jamace:
In this business of ours, nobody should be COCKSURE on any thing o except you are an insider. Mere mortals like us can only keep guessing.

Hmmm.. Unpredictable market indeed. The insiders are those who have an edge above every other person. Some already knew the preffered bidder on friday and took position ahead of time As from weds, skye bank will be difficult to get. I see skye getting to N5 very soon. Let the rally begin...

What is the worth of the said bank? When added to either skye bank or fidelity bank, what will be their worth? I believe the bank has problem, that why it was offer for sale, meaning that the two banks that want to buy it are more better than the bank. Pls let someone put me through, I want to know more about the current worth of main street bank, thanks in anticipation.

kokobaba:
Hmmm.. Unpredictable market indeed. The insiders are those who have an edge above every other person. Some already knew the preffered bidder on friday and took position ahead of time As from weds, skye bank will be difficult to get. I see skye getting to N5 very soon. Let the rally begin...

N5?? Not impossible. However, I expect the market reaction to be tempered until more information on Mainstreet bank is available. I would be surprised if it does a 30% from Friday closing price. I hope I'm wrong for the sake of those on this bus. Also, staff n branch optimization, integration costs et al will negatively affect the bottom line in the short term. Eventually, the gains will come and will drive the stock price.

jamace:
In this business of ours, nobody should be COCKSURE on any thing o except you are an insider. Mere mortals like us can only keep guessing.

Exactly oga Myjoy08 always insist that we all do our due diligence at times....cos monkey hunters full ground!

Chibuking81:
What is the worth of the said bank? When added to either skye bank or fidelity bank, what will be their worth? I believe the bank has problem, that why it was offer for sale, meaning that the two banks that want to buy it are more better than the bank. Pls let someone put me through, I want to know more about the current worth of main street bank, thanks in anticipation.

We await more info on Mainstreet. However, the bank wasn't sold because it has a problem. Afribank had a problem. It was taken over by AMCON, name changed to Mainstreet,recapitalised and stabilized. Govt hada timetable for eventual exit from Nationalised banks. I believe the bank is healthy.

On Mainstreet, it will be good to know what comes out of the suits instituted against AMCON by Intangis Holdings.

kokobaba:
Hmmm.. Unpredictable market indeed. The insiders are those who have an edge above every other person. Some already knew the preffered bidder on friday and took position ahead of time As from weds, skye bank will be difficult to get. I see skye getting to N5 very soon. Let the rally begin...

N5?? Monkey hunting.

passwelle:
On Mainstreet, it will be good to know what comes out of the suits instituted against AMCON by Intangis Holdings.

On the suit by Intangis Holdings, I think it has been struck off/discontinued/withdrawn.

http://businessdayonline.com/2014/07/international-court-of-arbitration-withdraws-intangis-claims-on-mainstreet-bank/#.VDAwAfldXUU

kotlass:
We await more info on Mainstreet. However, the bank wasn't sold because it has a problem. Afribank had a problem. It was taken over by AMCON, name changed to Mainstreet,recapitalised and stabilized. Govt hada timetable for eventual exit from Nationalised banks. I believe the bank is healthy.

ok thanks.

Excellent7: On the suit by Intangis Holdings, I think it has been struck off/discontinued/withdrawn

Well there are quite a few ...
http://businessdayonline.com/2014/07/mainstreet-bank-intangis-holdings-says-afribanks-liquidation-illegal/#.VDBGs4Mo_Fo

I congratulate all the people inside the skye train. With my little experience, have discovered that any stock goes up once there is a positive news attached. Even if it is a bad stock without audited result for years.

ucheson2:
Many have applauded the so called transcorp hotel ipo. May I ask them some questions:

1. what is the present shares in issue of THP?

2. Have you multiplied the said issue share by the N10 they are telling you to buy their ipo, do you think those two hotels one in Abuja and one in Calaba are worth that amount?

3. What are the features and capacities of the two new hotels they wish to build with the whole of N8,000,000,000?

4. Why were all the articles about this ipo silent on these and other important issues? ......

since 2002 i started buying into stocks and share these are the fundamental kwestions i always ask b4 buying any IPO and sincerely speaking it have always help me to play safe in the stock market when will the construction start 3years time and when will they complete it 20 years after they start when will shareholders start reaping the benefit 80years to come.
E.g unity bank a bank that has been cursed never to cross 99k in their last IPO and right issue was sold for N1 naira which later drop to 50kobo

Joysmart:
now let the flight begin

No be small matter. Me sef give una insider info say na skye, b4 my insider understand say na insider info e give me come call me d next day confuse me

If you saw dt my edited post like this comment.
Grabs my popcorn, cross leg and use my mouth as goal post.

@agbalowo, u never still come down? delay causes enlargement of okokobioko.
ask kokobaba.



@ my bnsitl in skye train, accept my hailings.

mercylicious:
@agbalowo, u never still come down? delay causes enlargement of okokobioko.
ask kokobaba.



@ my bnsitl in skye train, accept my hailings.

Thanks oooooo...... I hope we cross N5.00 this time. My plantain plantation money must comot from this one....

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http://www.businessinsider.com/common-investing-mistakes-2014-10?utm_source=mobilesrepublic&utm_medium=referral&utm_term=mobilesrepublic

I don't actually know the term to use for the stock market maybe it is spiritual analysis, discipline,luck,gambling or guesswork. Some peeps would have been accumulating fidelity thinking it would emerge as the preferred bidder cos it emerged as the 1st reserve bidder in the case of enterprise bank. Some were even waiting for the stock to get to 2.50 or less before boarding the bus cos it has been consistent in the area of negative ROE.

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kokobaba:
I don't actually know the term to use for the stock market maybe it is spiritual analysis, discipline,luck,gambling or guesswork. Some peeps would have been accumulating fidelity thinking it would emerge as the preferred bidder cos it emerged as the 1st reserve bidder in the case of enterprise bank. Some were even waiting for the stock to get to 2.50 or less before boarding the bus cos it has been consistent in the area of negative ROE.

I can't wait to see some massive sell off by next week...

Elai147:
I can't wait to see some massive sell off by next week...

http://thecitizenng.com/company-review/skye-bank-losing-profit-on-rising-credit-losses-falling-earnings/Digest this facts to avoid been a sucker for this weaker stock.Though u can still play a smart poker game on this if u got in at #2.60.

Elai147:
I can't wait to see some massive sell off by next week...

http://thecitizenng.com/company-review/skye-bank-losing-profit-on-rising-credit-losses-falling-earnings/Digest this facts to avoid been a sucker for this weaker stock.Though u can still play a smart poker game on this if u got in at #2.60.This stock is an overlook thing for me so I don't care if it get to #5 because i'm not convinced in it.

immanuello:
http://thecitizenng.com/company-review/skye-bank-losing-profit-on-rising-credit-losses-falling-earnings/Digest this facts to avoid been a sucker for this weaker stock.Though u can still play a smart poker game on this if u got in at #2.60.This stock is an overlook thing for me so I don't care if it get to #5 because i'm not convinced in it.

The link doesn't work.

Elai147:
The link doesn't work.

d link is working because I've just tried it now.use ucbrowser 9.4 or dolphin browser( mini),etc.

immanuello:
http://thecitizenng.com/company-review/skye-bank-losing-profit-on-rising-credit-losses-falling-earnings/Digest this facts to avoid been a sucker for this weaker stock.Though u can still play a smart poker game on this if u got in at #2.60.This stock is an overlook thing for me so I don't care if it get to #5 because i'm not convinced in it.

@ Imanuello
I have a contrary opinion (especially if one is willing to play for medium term (12-18 months)).
No doubt the company is having a had time converting revenue to earning, but I do not see this as unsurmountable. Comparing it with peers, I see some value. Also checkout the last paragraph on this link and see the asset valuation per share.
http://thecitizenng.com/company-review/skye-bank-fails-to-grow-revenue-lowers-cost-to-grow-profit/

"The bank earned N1.21 per share in 2013, improving from 95 kobo per share in the preceding year. Net assets per share has also improved from N8.09 to N9.11 during the same period. The bank has proposed a cash dividend of 30 kobo per share against 50 kobo per share it paid in the preceding year. The closure date for the company register and payment date are yet to be announced."

I agree however that there are other opportunities in the NSE!

Disclosure: I have Skye in my portifolio

.

Excellent7:
Disclaimer: I have Skye in my portifolio

Disclosure:...

Dexterax:
Disclosure:...

CFA man.

donmarshia:
CFA man.

I am not oh! Just a retail investor.
Oga abeg na promotion you dey dash me!
I think the disclosure was necessary to add perspective.

Interesting thread.Following seriously.Can anybdy say somtin abt GSK.It went to #64-5 but now #62.Wat's going on with d stock?

Some monkeys jumping in the bushes of MULTIVERSE. Who's hunting there?