angelo82:


Also increase in bank shares and not just oil companies.They are owing banks.

Coolcash1:


You are right but the slow growth in banks share price is expected to continue as investors would still be reacting to the massive loan write off by banks for FYE 2015 arising from the huge exposure to oil and gas industry. Also, most banks are still suffering from liquidity strain despite the CBN maintaining the CRR at current rate which is another factor dealing a great blow to the shares.

In summary, the first beneficiary of the oil price u-turn will be the primary players. With the strong fundamentals SEPLAT parades, I wont be surprise if its shares find its way back to the league of expensive stocks in the market within a short period.

DeRuggedProf:
.


Did PETERICHY authorize you to post this...

DeRuggedProf:


Which other banks are these two COYS tying a mountain around their necks and pushing them into the ocean... ; apart from FCMB/FBNH?

angelo82:


The fact that the oil companies can service their loans will be a major boost to the banks and their shares.

Mopolchi:
FCMB na wa

megainvest:


Seplat takes over operatorship of OML 53 and OML 55

Lagos and London, 29 January 2016: Seplat Petroleum Development Company Plc ("Seplat" or the "Company", a leading Nigerian indigenous oil and gas company listed on both the Nigeria Stock Exchange and London Stock Exchange, today announces that the Supreme Court of Nigeria has delivered its judgement in favour of Seplat and Chevron Nigeria Limited ("CNL" in a litigation brought against both parties by Brittania-U Nigeria Limited ("Brittania-U) that had to date prevented the full transfer to Seplat of a 40.00% working interest in OML 53 and effective 22.5% working interest in OML 55 (held through 56.25% ownership of the share capital of Belemaoil Producing Limited) that the Company had acquired from CNL in February 2015.

"We are naturally very pleased with today's ruling, not least because it means we are now free to deploy our proven operating expertise to realise the significant reserve, production and value potential these blocks hold. To give an idea of scale, we estimate these blocks to hold recoverable volumes of around 200 million barrels of oil equivalent net to Seplat, a material volume by any standard and one which has now been unlocked for us," said Austin Avuru, Seplat's Chief Executive Officer. "OML 53 fits neatly within our strategy of securing, commercialising and monetising natural gas in the Niger Delta to supply the rapidly growing domestic market and will further reinforce our position as a preeminent supplier of gas in Nigeria. OML 55 provides us with a number of attractive opportunities to boost oil and gas output, and is consistent with our strategy of prioritising assets that offer near-term production growth, cash-flow and reserve replacement potential in the onshore and shallow water offshore areas of Nigeria," he added.

http://phx.corporate-ir.net/phoenix.zhtml?c=252041&p=irol-newsArticle&ID=2133621

Congratulations to me!!!

leo1234:


Not that I want to buy it. I just want to know the factors to consider when analysing stock.
I was surprised to see the positive earnings per share.
Waiting for your analysis.Thank you.

Manonamission:
FCMB!!!

mercylicious:


see as i dash some ppl money? this loss will take a very long while to clear.
i bought at N2or 1.8 thinking the bear was over and hoping to drink beer.

i get messed up each time i disobey my trading rules.

I HOPE ZENITH helps me reduce this loss.

now, which banks syndicated the loan to oando? fcmb, fbn ?

mrsage:
Hello everyone, I want to create an investment portfolio for the Long term. 5-10 yrs and all dividends will be re invested.

The objective is to plan for the future as I'm self employed and do not have a pension plan.

I will be glad if you can recommend some companies to consider.

ihedioramma:
as how?

Manonamission:


Freed my cash after the profit warning. Only God knows how He answers our prayers because I won't mind if that stock crashes wella o against the wishes of some. It is well.
Zenith and Fidelity were involved but I guess not as significant as FCMB and FBN. There is an article that actually says otherwise. Will post it when I find it.

mercylicious:


see as i dash some ppl money? this loss will take a very long while to clear.
i bought at N2or 1.8 thinking the bear was over and hoping to drink beer.

i get messed up each time i disobey my trading rules.

I HOPE ZENITH helps me reduce this loss.

now, which banks syndicated the loan to oando? fcmb, fbn ?

Manonamission:
FCMB!!!

Mopolchi:
Agbalowomeri posted recently: FCMB is a good buy at 65 kobo. They will definitely report a loss for the year end 2015. Q3 was still conservative.
Born2berich also said: Blood of Jesus!! 85% loss before tax and 87% loss after tax....Omo...This stock go near car park be that....No wonder I saw 52M offers spring up from nowhere towards the end of trade.

Manonamission:


Freed my cash after the profit warning. Only God knows how He answers our prayers because I won't mind if that stock crashes wella o against the wishes of some. It is well.
Zenith and Fidelity were involved but I guess not as significant as FCMB and FBN. There is an article that actually says otherwise. Will post it when I find it.

nairaimporter:
From my experience following this thread, I know that when I see a post in which the person gleefully asks other people to sell their oando/fcmb/and all the nonsense insurance stocks so that they can buy it because they know that the stock price will appreciate or their "company" wants to acquire more percentage of the stock...........


I know that
1. the person dosent know what he/she is saying

2. The said stock will continue to fall into the abyss

3. Don't ever listen to them

P.S pls make sure to offload said stock

IHelp:


I always remember this quote..... "when they get fearful get greedy and when they get greedy get fearful".

What works for one might not work for another.

EDUECO:
@Manonamission
[Source of this write up below is http://venturesafrica.com/the-10-nigerian-banks-with-the-greatest-exposure-to-the-oil-crisis/ ]
According to a report by Punch, the following banks have the greatest exposure to oil sector.
1. Nigeria’s oldest bank, First Bank by 40 percent.
2. Nigeria’s largest lender by market value, Guaranty Trust Bank Plc by 28 percent.
3. Top tier lender, Fidelity Bank by 28 percent.
4. Nigerian lender, Skye Bank by 27 percent.
5. Nigeria’s fourth largest bank, Access Bank Plc by 25 percent.
6. Top tier lender, Diamond Bank by 25 percent.
7. Nigeria’s biggest bank by asset, Zenith bank Plc by 18 percent.
8. EcoBank Nigeria by 18 percent.
9. United Bank for Africa (UBA) by 16 percent.
10. First City Monument Bank (FCMB) by 14 percent.

zendi:
Hmm.. are you sure of this bolded part?
Are you sure it's not better sometimes to run when others are running, and find out why later?
Remember that Buffet, the author of this aphorism, invests for a ten-year period at least,
enough time for any wounds inflicted by a falling knife to heal.
Supposing you got greedy on fcmb, for example, some moons back when we got fearful over it, and started dumping it
after failing to release Q3 results with other banks, how you would be hating Buffet by now.
But I agree, if one is willing to stay long on it, there is money making opportunity on fcmb now, when it bottoms out.

stokfrick:



BT I tot d total %age of exposure should b equal to 100%? Hw come it is now more than 100%? I smell some exaggeration here!