passwelle:

I hope you did that with your Courtville today

i was so busy today. we are doing a big project dt must be delivered by 15th of nov.
i neva even check price list today.

@pw,see volume. i still get some units to be offloaded @nothing less than 70k

mercylicious:
@pw,see volume. i still get some units to be offloaded @nothing less than 70k

It was on offer at 51 kobo this morning, about 4m units if my memory serves me right. Then some of those who bought at that price sold it at 55 kobo later in the day .

@pw, confirmed sharp nigga, sorry bitl.

passwelle:

It was on offer at 51 kobo this morning, about 4m units if my memory serves me right. Then some of those who bought at that price sold it at 55 kobo later in the day .

I had to watch a few minutes of WWE raw (not sure if I got that right) with my nephew and I remember the wrestlers warn that no one should try their stunts at home....blah blah blah.

At this juncture, I would implore my bnsitl not to attempt the stunts PW is performing. He is obviously a notorious JIJO investor. Sharing monkeys like no man's business. . He get some stunts wey you go do wey be say na good samaritan go come straighten you after you don hook/rack finish. He has the time, platform and money.[i] No be say, na phone you go dey use call person or ask for price for floor and you go wan follow do JIJO.

PW has the time, the itrade platform and like everyone else here a thirst for more money. Most importantly, he is a strong believer in the Greater Fool Theory
Emulate him at your own gain or loss. Watch out!

passwelle:
PW has the time, the itrade platform and like everyone else here a thirst for more money. Most importantly, he is a strong believer in the Greater Fool Theory
Emulate him at your own gain or loss. Watch out!

Oga PW! How I wish i were like you and oga Dexter!

hotcake:
Oga PW! How I wish i were like you and oga Dexter!

JIJO has its disadvantages, it doesn't let your profits run! Where many here exited Ikeja with >100%, I ran after 3 days. It is also risky as you need to predict short term market psychology almost accurately. If its an informed jump (dd=price, volume history, sector sentiment, etc) then you can get away with it most times. Take Courtville yesterday for example. It has a low OS, its 52 week high is 89 kobo, with low being 50 kobo. In the last month it has traded at 51 kobo only on 2 days, with typical trades at 52 or 53 kobo in the 30 day period. Then it declares an unaudited EPS of 10 kobo for Q3 which was 39% better than last year, and the morning after it is offered at 51 kobo . The question there is when the retracement will happen, not if, as the upsides are plenty. But, you can not time the market, you will be lucky if it happens over the next few days. Luckier if it happens same day for volatile stocks, and luckiest if the company has market makers. They may collect it back from you at 2.28 pm irrespective of when you bought it that day.

Hehehe...

Market making is a very HARD business area apparently.

Remember what was going down at Access and Wapic 3 months ago (those volume correlations), see all the trouble the market is causing for Access Bank's market makers and AIG proxies...

Contrast this with the diligent Forte Oil market makers who keep over-delivering on their KPIs. Coming into the market at 1427 -1429 hours and still over-delivering.

In the end you see that on the NSE, fundamentals count for less when it comes to the business of determining the price behavior of a financial asset.

You'd win more if you combined say 15% fundamental analysis, 35% technical analysis and 50% smart statistics (like PW) than good-ol' fundamental analysis, 99% purity. I'm just being honest.

NAHCO
http://www.nse.com.ng/Financial_NewsDocs/7650_NAHCO_AVIANCE_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

immanuello:
Well,sir,what i can simply say concerning this strong banks gtb and zenith;they are coping and maintaining the pedegree we all know them for,so in this difficult tightening terrain maintaining d status quo is what both are doing while others faltered in this line especially the inefficiently managed banks like Skye banks and some tier 2 bnks.This time is an acid test time for banks which has made my hypothesis validated by the quality of management in managing efficiently under good corporate practice and ethics.

I concur especially on Zenith, with the trade value almost N1B yesterday, the stock still managed to gain a lil fraction

@hotcakes: Perhaps it's only an envious or insecure fellow who will not admire PW and Dexter. They deluge us with ALL we need to know...I really like this...but some people don't! (RE: Those baba isale that Dexter has been kowtowing to)

@kotlass : I was wondering how you knew passwelle was becoming a clown...until I read your last post.

@Dexterax: Your allocation of percentages to keys for success on the NSE buttresses what Oga Aks has been preaching for decades: that fundamentals isn't weighty enough on the NSE. But you left out a vital point - TIME. passwelle has got ample time for JIJO... Many people too on this forum will probably earn more from the NSE if their day-job permits them.

^^^Excellently put by the Sage.
In other news, APR is here
http://www.nse.com.ng/Financial_NewsDocs/7654_AFRICA_PRUDENTIAL_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

Dexter likes Africa Prudential Registrars

passwelle:
^^^Excellently put by the Sage.
In other news, APR is here
http://www.nse.com.ng/Financial_NewsDocs/7654_AFRICA_PRUDENTIAL_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

Drop in EPS....hopefully this should come down to N2.50k

@Moneysage

I agree.

Another way to think about JIJO too is based on time-frames. Those aware of the MT4 platform for currency trading know that 4-hour and daily time-frames are well exploited by day-traders; these time-frames still fall under the JIJO class, only that some interesting transactions would hold for overnight holding periods.

PW could actually exploit these bigger time-frames based on the statistical betting patterns of market makers who work over-time to maintain assets within bands (think about what the CBN does with the naira... )

feelamong:
Drop in EPS....hopefully this should come down to N2.50k

I laugh in 3D . Its in the detail Sir. What was the OS used in calculating EPS for Q3 last year?

feelamong:


Drop in EPS....hopefully this should come down to N2.50k

drop in BEPS but increase in FDEPS bro

passwelle:

I laugh in 3D . Its in the detail Sir. What was the OS used in calculating EPS for Q3 last year?

Dexter likes Africa Prudential Registrars!

Dexterax:
Dexter likes Africa Prudential Registrars

I like what Dexter likes.

passwelle:

I laugh in 3D . Its in the detail Sir. What was the OS used in calculating EPS for Q3 last year?

So they came to the market and took more funds from us, increased their OS and then not increase their earnings in proportional terms and its ok?

Diamond Bank MD, Alex Otti resigns to contest for Abia governorship

feelamong:


So they came to the market and took more funds from us, increased their OS and then not increase their earnings in proportional terms and its ok?

Walahi this is a great question

@Moneysage; finally you figured it out. But Watch out!!!

The cover page of the Africa Prudential Registrars' Rights' Issue circular has transaction dates that coincide with the release of its 9 months results. It is logical to conclude that 1bn shares were used in calculating the 9 months results for 2013.

feelamong:


So they came to the market and took more funds from us, increased their OS and then not increase their earnings in proportional terms and its ok?

Oga, name one company that has achieved a proportional increase in EPS based on increase in OS within a year of a Rights' Issue.

I need to be wrong right now.

MallamKolo:


Walahi this is a great question

Gaskiya, this is a great observation

Aks:
Diamond Bank MD, Alex Otti resigns to contest for Abia governorship

This guy must have a drummer somewhere frantically pushing him to the dance floor. Hope he knows what dance steps it takes to win this brutal competition.

feelamong:
So they came to the market and took more funds from us, increased their OS and then not increase their earnings in proportional terms and its ok?

MallamKolo:
Walahi this is a great question

I only pointed out above that the EPS did not really drop. As per your concerns regarding the performance of the company, me I cant help ooo!

pls can yem0350 or or any one here pls give me the phone no. or email adress of the CEO of morgan capital group? pls i'll like ur response urgently cos they just removed a large amount of money from my account. i contacted their staff and as usual with their poor customer service instead of talking to me directly they opted for mailing me as against my wish. when i tried the number severally immediately after they gave me the mail option, the number refused to go tru.pls help me i suspect some fornm of fraud here!

^^^ Explain things to the gentle man who picks your call to this number 08066397836.