₦airaland Forum

veecovee:
I don't know the price uba could get to... In this bull season, thinking of selling around N7. Can it get there?

Keep ur fingers crossed.

veecovee:
think its going to be hard to see uba at 4.6 today...well anything is possible in this market.

Please how's d Uba & Ucap like Bcous am not connected now.

zendi:
Goodmorning, BNSITL.
If you've miissed, or panic-sold UBA, jump into UCAP.
Where the Earth goes, the Moon follows.

Your head is there!

The equity prices of the following securities were adjusted today 16th of June, 2016 as recommended by the board of directors:

LAFARGE AFRICA PLC was adjusted for a dividend and scrip issue of N3.00 and 1 for 10. The last close price was N78.88, hence the ex-div/scrip price N68.98.


MCNICHOLS PLC was adjusted for a dividend and scrip issue of N0.05 and 1 for 10 . The last close price was N1.40, hence the ex-div/scrip price N1.23.

walahi the NSE is the hardest thing to understand i tell you

PETERICHY WHERE ART THOU...COME OUT OOOO...COME FOLLOW US MAKE MONEY...THE LAND IS GREEEEEEEN!!!

donmarshia:
Is Itrade working? It seems they are scared of the coming bull.

mine, working

Advice needed!!

Which is a good buy between skye bank and fcmb and any other stock you think is better now?

Money controls the market. The big demand guys are forming not interested. Few bids for most stocks.

Do not be deceived, go now and cherry pick, then wait!

Gradually, you will see growth. Especially for shares that are obviously undervalued.

Patience is key!

donmarshia:
Money controls the market. The big demand guys are forming not interested. Few bids for most stocks.

Do not be deceived, go now and cherry pick, then wait!

Gradually, you will see growth. Especially for shares that are obviously undervalued.

Patience is key!

I dont expect the BIG boiz to rush into the market...

They will have to test the EXIT button of the new Forex Policy first to see that its working well before you see the real Bulls..

So anybody buying now should not be expecting quick returns...Just buy and go to sleep like the farmer does after planting well....

But be sure that once that EXIT button is tested and found to be working....your are sure gonna be a happy bunny!

NEM Share Price Gains 40% After AGM…What Could Be The Reason?
Nairametrics
NEM 5 YEARS PRICE CHART SOURCE: BLOOMBERG
NEM 5 YEARS PRICE CHART
SOURCE: BLOOMBERG

NEM Insurance Plc has in the last one week seen its share price rise by about 42 percent month to date. The share price has risen from 74 kobo as at June 2nd to about 1.15 as at the time of penning this article. In fact, the stock is currently on FULL BID of about 40.49 million units with zero shares on offer.

Investors are understandably bewildered about this unprecedented rise for a stock that released its results months ago and only offered dividends of 6 kobo per share or N361 million payout. At N1.15 kobo currently NEM is trading at its 5 year high which in today’s bear market is unprecedented. So what exactly is going on?



Whilst no official reason is out there to support the rise in the share price one can only infer that investors must be responding to an outcome of the recently concluded AGM held on the 8th of June 2016, for which we await a publication of the board resolutions passed by the company. The share price of NEM was 82 kobo on the day of the AGM and has risen 40% since then.

That’s about the most recent corporate action on NEM we can lay our hands on. The chairman of the company Adewale Teluwo by the way, was also expected to retire at the AGM having served for 10 years, indicative of a new Leadership for the company.

At Nairametrics, we are quite pleased with any suggestion of a new direction for NEM Insurance Plc. The company currently trades at a P/E ratio that is 8x its current earnings however we believe its intrinsic value could be somewhere in the region of N2.50 if the revenue potentials of the company are better harnessed. The company has also consistently paid dividends in the last three years with yields often in the double digits. With better quality risk assets and investments, proper rebranding, better financial transparency and improved dividend payouts, NEM Insurance could be poised to takeover a beleaguered Insurance industry that has been struggling to create value for shareholders.

Nairametrics will continue to track NEM for any corporate actions that can clearly explain the reason for this increase.

http://nairametrics.com/nem-share-price-gains-40-after-agm-what-could-be-the-reason/

Real Bulls will start by Monday afternoon.Market has reacted positively already after the announcement but serious investor would want to see how the new forex market will trade on Monday.

ogoo4real:
Please how's d Uba & Ucap like Bcous am not connected now.

like I said any thing is possible... You can buy any now that price is down

angelo82:
Real Bulls will start by Monday afternoon.Market has reacted positively already after the announcement but serious investor would want to see how the new forex market will trade on Monday.

Some folks are assembling their war chests for start of forex trading on monday. There will be some opportunities in that clime in the first days that will rarely show up again.

Manonamission:
I beg to differ but stand to be corrected. It is neither a downgrade nor does it have anything to do with the companies' performances. The index is composed of stocks that give a close representation of other stocks within the same sector on the exchange. What is considered is attributes of the "stock" and its trading pattern on the exchange not performance of the "company".

................. if a company is removed from ...as you say "stocks that give a close representation of other stocks within the same sector on the exchange"....what does that say about the company in respect to the others in the industry.....?....
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...." its trading pattern on the exchange "...........isn't that the performance of the company "stock on the exchange "....?....Mr English.......
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....... you can stand corrected now..... .................

Kashif:
So Wema and Fidelity leaving banking category, where will they be? Agriculture?

They are not leaving d banking sector. They are only leaving NSE30 which is an index of the top 30 stocks based on their liquidity (d average daily value per quarter) amongst other minor criteria.

The New Flexible Rate Exchange Explained
http://nairametrics.com/the-price-club-the-new-nigerian-naira/

forbes30:
................. if a company is removed from ...as you say "stocks that give a close representation of other stocks within the same sector on the exchange"....what does that say about the company in respect to the others in the industry.....?....
----------------------------------------------------------------------------------------------------------------------------------------------------------
...." its trading pattern on the exchange "...........isn't that the performance of the company "stock on the exchange "....?....Mr English.......
----------------------------------------------------------------------------------------------------------------------------------------------------------
....... you can stand corrected now..... .................

Okay o.

Thunderlicious:
They are not leaving d banking sector. They are only leaving NSE30 which is an index of the top 30 stocks based on their liquidity (d average daily value per quarter) amongst other minor criteria .

Your head is there

Thunderlicious:
They are not leaving d banking sector. They are only leaving NSE30 which is an index of the top 30 stocks based on their liquidity (d average daily value per quarter) amongst other minor criteria.

Thanku sir!

All the bank stocks in red....what is happening.

A day like this that most of us are optimistic of a large horn BULL.

kenmaro:
Advice needed!!

Which is a good buy between skye bank and fcmb and any other stock you think is better now?

Hard to say. If SKYE declares a similar result to FCMB's, then expect the price to track that of FCMB too. Similar result in this case means - not a loss but meager profit. It's a gamble. Are you willing to gamble? The choice is yours. OYO

I think FCMB is expensive at N1.7X. However, the stock has strong market makers. They are well able to drive it to their target price. I would prefer Fidelity at N1.3X.

Please, I shall not be held accountable for the outcome of any decision you make based on this post.

Hayyee2002:
All the bank stocks in red....what is happening.

A day like this that most of us are optimistic of a large horn BULL.

Market decisions makers need to take positions.
It is an opportunity for those who missed the bus.

Hayyee2002:
All the bank stocks in red....what is happening.

A day like this that most of us are optimistic of a large horn BULL.

Cud b a bull trap!!

How do we interpret the VOLUME in UBA as regards its price trend going forward?

Hayyee2002:
All the bank stocks in red....what is happening.

A day like this that most of us are optimistic of a large horn BULL.

market makers are having a laugh !

Manonamission:
Hard to say. If SKYE declares a similar result to FCMB's, then expect the price to track that of FCMB too. Similar result in this case means - not a loss but meager profit. It's a gamble. Are you willing to gamble? The choice is yours. OYO

I think FCMB is expensive at N1.7X. However, the stock has strong market makers. They are well able to drive it to their target price. I would prefer Fidelity at N1.3X.

Please, I shall not be held accountable for the outcome of any decision you make based on this post.

Sir, everything you stated is well understood. Going back to history and taken the present market situation into consideration, Fidelity had never outperformed FCMB in terms of share price. Don't look at the price of fidelity in terms of too cheap, but look at the value it would give when compare to FCMB in long-run. I would choose FCMB ahead of Fidelity any-day, anytime. Remember, fundamental is not enough to make money in NSE

This is just my opinion!

Farmerforlife:
Please has anyone worked with Stanbic ibtc stockbrokers and/or mutual funds, any experiences please? Not too satisfied with my current stockbroker, planning to switch over to them.
Thanks.

i work with them. you need an initial deposit of 5M to trade with them.
their online trading platform is not like Morgan capital and the rest.

i have morgan capital as well and i have pulled all my fund out from stanbic. just peanuts remaining there for them and transferred to morgan.

its left for you to make your selection.
he good thing about Stanbic is that they can sell some kind shares that is hard to dispose off

fxuser:
market makers are having a laugh !

UBA 150m units traded so far !

teeboy95:
i work with them. you need an initial deposit of 5M to trade with them.
their online trading platform is not like Morgan capital and the rest.

i have morgan capital as well and i have pulled all my fund out from stanbic. just peanuts remaining there for them and transferred to morgan.

its left for you to make your selection.
he good thing about Stanbic is that they can sell some kind shares that is hard to dispose off

I am with Stanbic, I think they are excellent. They usually manage to get my stocks even when it is difficult to buy, or sell when people are not really buying. The big part is you need to have at least 5m cash or share transfer.

Godisfaithful:
Sir, everything you stated is well understood. Going back to history and taken the present market situation into consideration, Fidelity had never outperformed FCMB in terms of share price. Don't look at the price of fidelity in terms of too cheap, but look at the value it would give when compare to FCMB in long-run. I would choose FCMB ahead of Fidelity any-day, anytime. Remember, fundamental is not enough to make money in NSE

This is just my opinion!

Hmm... I expect SKYE to track FCMB not Fidelity. But I think Fidelity has more upside potential considering that FCMB just rallied to its current price and is expected to find a strong support first. Fidelity is yet to rally, besides based on current result, Fidelity is a better buy (or so I think). To buy FCMB at current price dey do my body one kain