ORAGBON:
if I was active on this forum b4 now i would not have invested all my fund on FBNH@N4.88….

Oragbon, you are even lucky, mine was @N24 in 2008 when i never aware of this educative forum to tap knowledge and experience from. Over to gurus in the house to advise what to do at this critical situation of FBNH.

Plz hous, fcmb wud likely drop dia result tomorrow, wat is d worst we shud xpect. I need every1 on dis 1

Also cn Fidelity do beta dan last yr result? Knwi dat dia Q3 was ok

jp130:
Also cn Fidelity do beta dan last yr result? Knwi dat dia Q3 was ok

Chai..see jamb question..

Asmara:


Oragbon, you are even lucky, mine was @N24 in 2008 when i never aware of this educative forum to tap knowledge and experience from. Over to gurus in the house to advise what to do at this critical situation of FBNH.

FBNH for now is not good for short term rather long term. The price you mentioned @Asmara was when stock prices were manipulatively balooned and overpriced resulting into disastrous end for investors..Many fingers got burnt. Even some brokers are still cooling their heels at panti police station and kirikiri...However, judging by the lull in banking sector heralded by the downturn in oil prices which led to massive NPL in their books, banks stocks generally have plummeted..Specifically, FBNH is worst hit because of its huge loan portfolio to the O&G sector. This was corroborated by the recent profit warning released by the bank to investors an indication that all is not well with the elephant..

The road to recovery may still be far even as oil price begins to rally. If the rally is however sustained it will surely turn around things for FBNH and others thereby positively impacting albeit, marginally on their share price. Honestly, no matter the level of oil price rebound, to see the price soaring back to 2008 price within 3-5years will definitley be a mirage. But if you are long on it, as yours truly is too, you need not bother yourself...

EDUECO:
That's why I don't buy loss making companies,you never can tell when the bubble will burst!

If you are not greedy you can definitely tell when to pull out...

Coolcash1:


FBNH for now is not good for short term rather long term. The price you mentioned @Asmara was when stock prices were manipulatively balooned and overpriced resulting into disastrous end for investors..Many fingers got burnt. Even some brokers are still cooling their heels at panti police station and kirikiri...However, judging by the lull in banking sector heralded by the downturn in oil prices which led to massive NPL in their books, banks stocks generally have plummeted..Specifically, FBNH is worst hit because of its huge loan portfolio to the O&G sector. This was corroborated by the recent profit warning released by the bank to investors an indication that all is not well with the elephant..

The road to recovery may still be far even as oil price begins to rally. If the rally is however sustained it will surely turn around things for FBNH and others thereby positively impacting albeit, marginally on their share price. Honestly, no matter the level of oil price rebound, to see the price soaring back to 2008 price within 3-5years will definitley be a mirage. But if you are long on it, as yours truly is too, you need not bother yourself...

Thank you very much for this precise enlightenment. Will let it be as it is,relying on dividends.

jp130:
Plz hous, fcmb wud likely drop dia result tomorrow, wat is d worst we shud xpect. I need every1 on dis 1

I hope they wait until I cash in my Zeee dividend.

Raider76:


I hope they wait until I cash in my Zeee dividend.

Gbam!

Asmara:


Oragbon, you are even lucky, mine was @N24 in 2008 when i never aware of this educative forum to tap knowledge and experience from. Over to gurus in the house to advise what to do at this critical situation of FBNH.

Thanks so much Asmara for your response.
I also have a good number I but@N11, the initial mentioned was bought recently, this year precisely.
My consolation now is joining this AWAKING and mind blowing forum.

Coolcash1:


FBNH for now is not good for short term rather long term. The price you mentioned @Asmara was when stock prices were manipulatively balooned and overpriced resulting into disastrous end for investors..Many fingers got burnt. Even some brokers are still cooling their heels at panti police station and kirikiri...However, judging by the lull in banking sector heralded by the downturn in oil prices which led to massive NPL in their books, banks stocks generally have plummeted..Specifically, FBNH is worst hit because of its huge loan portfolio to the O&G sector. This was corroborated by the recent profit warning released by the bank to investors an indication that all is not well with the elephant..

The road to recovery may still be far even as oil price begins to rally. If the rally is however sustained it will surely turn around things for FBNH and others thereby positively impacting albeit, marginally on their share price. Honestly, no matter the level of oil price rebound, to see the price soaring back to 2008 price within 3-5years will definitley be a mirage. But if you are long on it, as yours truly is too, you need not bother yourself...

Thanks Coolcash1. Am most grateful am re-strategizing with what I have.

ORAGBON:
Thanks Coolcash1. Am most grateful am re-strategizing with what I have.

Always at your service boss!

ORAGBON:
if I was active on this forum b4 now i would not have invested all my fund on FBNH@N4.88….

If you are the long term type, you won't regret. Patience is golden in the stock market

God, tear down the heavens, descend and save me from the corporate hawks..... .
Publish or leak all remaining results by fire by force... .
No more profit warnings but results release in Jesus name!!! Let the results warn us from n9w on and not the mgt....

It's always good to receive dividend before the companies directors, by paying yourself. The question is how do you pay yourself dividend, the answer is that you can do that by cashing out before the closing of the company register, because immediately after the closing of the register, mark down will follow. Some stock might lose times two of the declared dividend immediately after the mark down before stabilizing. Sometimes if you want to follow this formula don't wait till the last day to bail out, because there will be traffic due to people that want to bail out before the mark down.

Nigeria stock exchange market has two school of thought, namely : jijo school of thought and investors school of thought, one school of thought believe in jijo, while other school believe in investment. Investors believe in longterm, with dividend, bonus, and capital appreciation, and jijo group believe on daily trade with capital appreciation, shows low interest in bonus and dividend.

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It will be risky to trade this week on those stock that will close their book by the end of this month, some will make money while some will lose, many will like to pump the price and dump on others before the mark down ( but is like the price has been pump already before the releasing of the results)

Chibuking81:
It will be risky to trade this week on those stock that will close their book by the end of this month, some will make money while some will lose, many will like to pump the price and dump on others before the mark down ( but is like the price has been pump already before the releasing of the results)

The JIJO masters are refusing to shoot in the dark.... ....This is one out of many issues that is preventing prices from escaping through the roof........ . Most people are avoiding the dividend trap. For me and my portfolio, we are in HIBERNATION MODE...... .

Whats with the stocks with two closure dates?Which one is actually the closure date between the two dates?

Chibuking81:
It's always good to receive dividend before the companies directors, by paying yourself. The question is how do you pay yourself dividend, the answer is that you can do that by cashing out before the closing of the company register, because immediately after the closing of the register, mark down will follow. Some stock might lose times two of the declared dividend immediately after the mark down before stabilizing. Sometimes if you want to follow this formula don't wait till the last day to bail out, because there will be traffic due to people that want to bail out before the mark down.

But if I may ask I thought if you sell before close of business on the closure date for the shares you will not get paid any dividend. so you can only sell on or after the last day if you want dividend. pls correct me if am wrong

DeRuggedProf:
God, tear down the heavens, descend and save me from the corporate hawks..... .
Publish or leak all remaining results by fire by force... .
No more profit warnings but results release in Jesus name!!! Let the results warn us from n9w on and not the mgt....

Amen!

sky2891:

If you are the long term type, you won't regret. Patience is golden in the stock market

No! am the JIJO type

Happy sunday to all.
Please i need your guidance and experince on this:
If the closure date for dividend payment is 31st March to 3rd April, and price was marked down on April 1st, if i sell my holdings on April 2nd, am i still entitled to dividend payment knowing that closure of register is between 31st March to 3rd April?
thank you

Yes you will be but your selling price will be minus the dividend declared.

ORAGBON:
Happy sunday to all.
Please i need your guidance and experince on this:
If the closure date for dividend payment is 31st March to 3rd April, and price was marked down on April 1st, if i sell my holdings on April 2nd, am i still entitled to dividend payment knowing that closure of register is between 31st March to 3rd April?
thank you

While we await Tier 2 results . .

Next big question the market is asking:

What Will Emefeile Do Next?

a) Nothing
b) Increase interest rates
c) Move fx peg

I'm guessing nothing for now . .

debeey87:
Yes you will be but your selling price will be minus the dividend declared.

God bless you debeey87

AfriPrud closure is this coming Wednesday

Some people will be shocked when even UCAP doesn't appreciate more than say 5% of its last price before closure date.

Hey, I'm just playing with theories here...

fxuser:
While we await Tier 2 results . .

Next big question the market is asking:

What Will Emefeile Do Next?

a) Nothing
b) Increase interest rates
c) Move fx peg

I'm guessing nothing for now . .

Sir, I guess it is nothing for now pending the passing of the budget. We hope for the best in this new week. Have a blessed New Week and Happy Easter in advance!

ExLaidback:
Some people will be shocked when even UCAP doesn't appreciate more than say 5% of its last price before closure date.

Hey, I'm just playing with theories here...

Sir, it is good to assumed and guess in this new world of our market lol. I know you're joking right lol

Godisfaithful:



Sir, it is good to assumed and guess in this new world of our market lol. I know you're joking right lol