sellydion:


There is blood oo

This year just dey resemble 2008 everyday.

Sterling Bank Q3 Report:

http://www.nse.com.ng/Financial_NewsDocs/7683_STERLING_BANK_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf


Currently 12M bid and 0 offer

immanuello:
#1.70.

Parkprice.

My entry PRICES come june 2015.

GTB= #15:00k
ZENITH= #12:00k
STANBIC= #10:00k
ETI= #9:00k
FBN= #8:00k
ACCESS= #5:00k
FCMB= #2:50k
DIAMOND= #2:50k
UBN= #1:98k
SKYEBANK= #1:98k
UBA= #1:98k
FIDELITY= #1:00k
STERLING= #1:00k
WEMA= Not interested.
UNITY= Not interested.

*The OcToPuS*

Hello all,

I'm new here. I need info on morgan capital group and their claim on instant access to trade on the NSE.

I would appreciate as many replies as i can get on the group especially from people that have had dealings with them in the past.

Thanks.

Kieldgreat:
Hello all,
I'm new here. I need info on morgan capital group and their claim on instant access to trade on the NSE.
I would appreciate as many replies as i can get on the group especially from people that have had dealings with them in the past.
Thanks.

Your access to the NSE engine will be dependent on your internet connectivity. With Morgan Capital, you can not go wrong.

praisestep:
Sterling Bank Q3 Report:
http://www.nse.com.ng/Financial_NewsDocs/7683_STERLING_BANK_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf
Currently 12M bid and 0 offer

They have released an unaudited result. They have rights issue planned and a private placement at abt NGN 2.60.

praisestep:
Sterling Bank Q3 Report:

http://www.nse.com.ng/Financial_NewsDocs/7683_STERLING_BANK_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf


Currently 12M bid and 0 offer

Over 40 % rise in pbt.
They seem to be getting it right.

Is this transcorp result not good enough ? why is it on full offer ?

Josh121:
Is this transcorp result not good enough ? why is it on full offer ?

I dont know Sir. But what I know is that an unaudited result, is an unaudited result and is also an unaudited result. With 24m units on offer, those selling really want out and know why they want out.

Josh121:
Is this transcorp result not good enough ? why is it on full offer ?

There's something called Creative Accounting. I'm not sure exactly what it means but I'm sure it has something to do with playing games with numbers.

This blood u are sharing.
There is God ooooooooo
.
See as my portfolio dey bleed like say na bullet wound.
.

Josh121:
Is this transcorp result not good enough ? why is it on full offer ?

Left to me, the result does not justify the pricing. Non-controlling interest once again taking up almost 40% of PAT. At 13.1k EPS, I would be surprised if FY EPS of >18k is achieved. So what percentage of this will be paid as div.? The stock is presently trading more than double BVPS. For me, it is a NO. Let's see the opinion of Mr Market.

You would also notice that the P & L acct for Q3'14 was compared to Q3'13 but this was not done for balance sheet statement (sorry I be Engineer in case I don mix am up o). We all know there was no Ughelli at the corresponding period in 2013.

#Modified

chukyjones:
Hi all,
just wanted to know if anyone here purchased acorn petroleum PP some years back.

any news about their listing yet?

I did o. I had already forgotten about them and considered it one of my bad investments until I got sent by post an annual report last month...of course after the meeting had been held. Appears they want to raise money and suddenly remembered their long forgotten shareholders. There was a loud silence about any possibility of a public listing. Ma worry; I just tanda dey wait for their approach with my bow and poisoned arrows.

Dexterax:


There's something called Creative Accounting. I'm not sure exactly what it means but I'm sure it has something to do with playing games with numbers.

And to imagine that some people would have bought the IPO of transcorp hotel at N10....tufiakwa!!!

Now this is a result ....
http://www.nse.com.ng/Financial_NewsDocs/7690_CEMENT_COM_OF_N_NIG_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

Its also unaudited but I am in this bus

FranklinRich:


And to imagine that some people would have bought the IPO of transcorp hotel at N10....tufiakwa!!!

pardon my language but any forumite here dat still went ahead to by transcorp hotel IPO despite several warnings is a confirmed mugu..

"On the limitations of market makers: Access and FCMB a case study" Oga Kotlass how market?

kotlass:


Left to me, the result does not justify the pricing. Non-controlling interest once again taking up almost 40% of PAT. At 13.1k EPS, I would be surprised if FY EPS of >18k is achieved. So what percentage of this will be paid as div.? The stock is presently trading more than double BVPS. For me, it is a NO. Let's see the opinion of Mr Market.

You would also notice that the P & L acct for Q3'14 was compared to Q3'13 but this was not done for balance sheet statement (sorry I be Engineer in case I don mix am up o). We all know there was no Ughelli at the corresponding period in 2013.

#Modified

When Ugodre of Nairametrics while reviewing Transcorp's 2013 results warned about this same owners versus non-controlling interest imbalance in Transcorp's profit-sharing, I am sure not many people saw his warnings or if they did, took him seriously:

"Out of the N6.9billion declared by the group Transcorp Plc (which is the company quoted on the NSE) only lays claim to N4billion (57%) of that amount with Non-Controlling Interest (NCI) having N2.9billion. It was N1.1billion and N1.3billion for Transcorp and the NCI in 2012 respectively.
This basically means the value added to shareholders of Transcorp from this result is N4billion. Out of this N4billion declared by the group Transcorp Plc was paid dividend of N2.1billion. So essentially it earned N2.1billion in 2013 as dividends from its various subsidiaries. This in my opinion should be the focus of any investor….how much does Transcorp actually earn from its various subsidiaries and from its own proprietary transactions."

http://web.nairametrics.com/analysis-10-things-need-know-transcorp-2013-result/

Dexterax:


There's something called Creative Accounting. I'm not sure exactly what it means but I'm sure it has something to do with playing games with numbers.

Even, Account Doctoring, Book Cooking and, generally, Voodoo Accounting. I too have no idea of their exact meanings, or who is doing what.

All the people cherry picking and buying in tranches these last few weeks, I hope you no near Unilever sha ooo
http://www.nse.com.ng/Financial_NewsDocs/7692_UNILEVER_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

So ARM analysts believe Access has FVE of more than NGN12 Biko, why are they not mopping it up at a faster rate now?
http://web.nairametrics.com/analysis-arms-review-of-access-banks-2014-9-months-results/

feelamong:
Very soon some Chinese will come Monkey Hunting on Multiverse...

9free:
AMEN OOO!!!!! I get more than a Million units here oooo

mercylicious:
any news on golden breweries? dt onedon leave car park. hope still dey for multiverse, daar n iaa.

Born2berich:
I just dey pray make foriegn investors buy atleast 49% holdings in Multiverse, UNIC, Standard assurance, Royalex, consolidated hallmark, guinea ins etc. I go just travel from this country for one year

Elai147:
Bros dis your own go hard small ooo

9free:
I know that one day, Japual and Multiverse will do us proud.

passwelle:
Na only Skyebank and Multiverse waka come today.

feelamong:
Hmmmmmm! Multiverse...... Chinese Monkey Hunters....

mercylicious:
any clue as to d vol traded on multiverse today?
is it change of board member? is it a cross deal?

passwelle:
Dunno if there will be a change in membership of the board, but the trades today were all crossed. There was some odd 20m+ units on offer till end of trading today.

Born2berich:
I cant wait for multiverse to move from car park..i really need to offload unless a german company is buying 60% stake in the coy.

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

9free:
The Chinese hunters don land?

jamace:
Africa's Richest Man Aliko Dangote To Invest In Tanzanian Coal Mine: https://www.nairaland.com/1937966/africas-richest-man-aliko-dangote MULTIVERSE on my mind

mercylicious:
why d volume in japaul and multiverse?

9free:
Abeg, make some Hunters visit Multiverse na......... Wetin we do?

Phew anyway sha see the link below:
http://www.proshareng.com/news/24786

Can sumbody shout halleluya..............
yesterday, it was ftncocoa, today multiverse,next tommorow iaa, then daar .

Can i hear you shout ameen..............

Agbalowomeri shouted amen oooooo and today it has come to pass.
If u believe ur dead investment will sign new deals can u shout a big amen!

@b2br, na chinese coy, nt german sign am.

mercylicious:
Can sumbody shout halleluya..............
yesterday, it was ftncocoa, today multiverse,next tommorow iaa, then daar .
Can i hear you shout ameen..............

Now we know who the real prophets are, one gentleman prophesied on the 5th of Sept ... wait o, abi Oga feelamong na insider?

@ Dondiego; thank you. You have said it all.

@ Passwelle; I don comot FCMB o. I no do again biko. Still in Diamond n UBA though.

kotlass:
@ Dondiego; thank you. You have said it all.

@ Passwelle; I don comot FCMB o. I no do again biko. Still in Diamond n UBA though.

I SEE

PETERiCHY:
My entry PRICES come june 2015.

GTB= #15:00k
ZENITH= #12:00k
STANBIC= #10:00k
ETI= #9:00k
FBN= #8:00k
ACCESS= #5:00k
FCMB= #2:50k
DIAMOND= #2:50k
UBN= #1:98k
SKYEBANK= #1:98k
UBA= #1:98k
FIDELITY= #1:00k
STERLING= #1:00k
WEMA= Not interested.
UNITY= Not interested.

*The OcToPuS*

you be cutlass?

PETERiCHY:
My entry PRICES come june 2015.

GTB= #15:00k
ZENITH= #12:00k
STANBIC= #10:00k
ETI= #9:00k
FBN= #8:00k
ACCESS= #5:00k
FCMB= #2:50k
DIAMOND= #2:50k
UBN= #1:98k
SKYEBANK= #1:98k
UBA= #1:98k
FIDELITY= #1:00k
STERLING= #1:00k
WEMA= Not interested.
UNITY= Not interested.

*The OcToPuS*

you be cutlass ?

PETERiCHY:
My entry PRICES come june 2015.

GTB= #15:00k
ZENITH= #12:00k
STANBIC= #10:00k
ETI= #9:00k
FBN= #8:00k
ACCESS= #5:00k
FCMB= #2:50k
DIAMOND= #2:50k
UBN= #1:98k
SKYEBANK= #1:98k
UBA= #1:98k
FIDELITY= #1:00k
STERLING= #1:00k
WEMA= Not interested.
UNITY= Not interested.

*The OcToPuS*

you be cutlass?

PETERiCHY:
My entry PRICES come june 2015.

GTB= #15:00k
ZENITH= #12:00k
STANBIC= #10:00k
ETI= #9:00k
FBN= #8:00k
ACCESS= #5:00k
FCMB= #2:50k
DIAMOND= #2:50k
UBN= #1:98k
SKYEBANK= #1:98k
UBA= #1:98k
FIDELITY= #1:00k
STERLING= #1:00k
WEMA= Not interested.
UNITY= Not interested.

*The OcToPuS*

you be cutlass ?

passwelle:


Phew anyway sha see the link below:
http://www.proshareng.com/news/24786

Shey dis Chinese company no know say dem need to insure this new joint venture ni? Universal Insurance should come to mind na. Abeg someone should prophesy into the life of universal biko.

mercylicious:
[i]Agbalowomeri shouted amen oooooo [/i]and today it has come to pass.
If u believe ur dead investment will sign new deals can u shout a big amen!

Be like u don begin drink psepe, wetin concern me with your monkeys?