another big volume day for UBA . .

#like

.....@group....can a bad result from SKYE BANK affect the market the way OANDO did....?....
...or will it affect only the general trust in bank stocks(i.e banking sector alone).....or will it only affect SKYE BANK...?....

Can someone help with bid offer status for Lafarge Africa. Thanks

fxuser:
heard troubling news about Skye bank from mgt staff. (bank is seeking epp up & dan)
-results not good at all.
-need to raise capital
-Other options are bailout or any form of rescue
-dat over-priced takeover is chocking d bank

IMO: leave out of radar . .

do ur dd

Skye did not spend any money to acquire Mainstreet Bank. The shocking results the bank may churn out is as the result of bad management. In my opinion the Board of the Bank has to change. The assets of the company are being stripped left and right.

with all these analysis, what's the way forward for my dear SKYE? heavy here..

Why so much dumping on Uba

With the kind of volume am seeing, my level of optimism in the bull for NSE stocks is toning down. Why will UBA be selling as much as over 90mln units in the wake of an event BNSITL considers a buying moment. Two things are in my mind now, the repeat of post May 29 2015. After the election the bull took over. Post May 29 precisely first week of June the bear was everywhere. Could it be that after Monday investors will see the much clamored flexible FX as not what we hoped for? Secondly, the foreign investor may be doing their thanksgiving that the moment of exit has come. For me am playing Buffet today, I have become fearful while many of us are greedy.

forbes30:
.....@group....can a bad result from SKYE BANK affect the market the way OANDO did....?....
...or will it affect only the general trust in bank stocks(i.e banking sector alone).....or will it only affect SKYE BANK...?....

IMO, I think there result will only affect there stock (Skye), and besides they are a marginal player. Serious banks have released there result since.

On the hand, Nigerian investors dont really punish public quoted companies for non performance. Bad result stock will start to go up...

Do your DD.

Justcul:
with all these analysis, what's the way forward for my dear SKYE? heavy here..

All the analysis are pointing only to one direction, however the decision is urs ...remember no emotional bias

Coolcash1:


Intel has it that coy made loss in 2015 FYE....

I strongly advise you still do your DD...

Gave this warning in May on Skye bank...

ifeykay:
With the kind of volume am seeing, my level of optimism in the bull for NSE stocks is toning down. Why will UBA be selling as much as over 90mln units in the wake of an event BNSITL considers a buying moment. Two things are in my mind now, the repeat of post May 29 2015. After the election the bull took over. Post May 29 precisely first week of June the bear was everywhere. Could it be that after Monday investors will see the much clamored flexible FX as not what we hoped for? Secondly, the foreign investor may be doing their thanksgiving that the moment of exit has come. For me am playing Buffet today, I have become fearful while many of us are greedy.

Sir, don't you think an adjustable shift in a country currency will directly lead to a shift in valuation of their market (stock/financial market)?

some strategies have noticed here

JIJO picks -
Dividend & Interim Dividend picks
Undervalued picks
Long term picks
Foreign comeback picks
Penny stock picks

Godisfaithful:


Sir, don't you think an adjustable shift in a country currency will directly lead to a shift in valuation of their market (stock/financial market)?

High Volume Sell-Off in Nigeria ETF
http://finance.yahoo.com/news/high-volume-sell-off-nigeria-200044430.html

chart here:
http://www.nasdaq.com/symbol/nge/interactive-chart

From Monday, Naira priced bonds & stocks will drop massively in dollar terms, so for chaps holding the Nigeria ETF quoted in usd, its a time bomb about to happen on Monday. Once the trial period is over and people trust that the new system works . . $1 buys a lot more than before
IMO

ASI spotted at 29,176.88

...even with all the sell offs and profit taking...FCMB...UBA...and ACCESS are still higher than they were
on monday(opening price).....this are the ones I am monitoring and i am sure this holds true for many other stocks in the market....
...this says a lot....

fxuser:

High Volume Sell-Off in Nigeria ETF
http://finance.yahoo.com/news/high-volume-sell-off-nigeria-200044430.html
chart here:
http://www.nasdaq.com/symbol/nge/interactive-chart
From Monday, Naira priced bonds & stocks will drop massively in dollar terms, so for chaps holding the Nigeria ETF quoted in usd, its a time bomb about to happen on Monday. Once the trial period is over and people trust that the new system works . . $1 buys a lot more than before
IMO

And between yday and today when dey sell wont the seller be holding naira currency (if he is running away from naira asset)? or am i missing something from your narrative. would appr8 if you throw more light on your thinking

With the vol yester and today ..Be like say some investors are buying back what they dumped mths ago

Lets see how monday will be like .there is Hope

robobo:


And between yday and today when dey sell wont the seller be holding naira currency (if he is running away from naira asset)? or am i missing something from your narrative. would appr8 if you throw more light on your thinking

the article seems ambigious but i think what they meant is that from monday, 1dolar will buy more stock, not neccessarily that equity will drop sharply in naira term. Any body who is selling now to re enter on monday are probably high networth people who can convert to dollar today and re enter next week at a bigger value.

lancee:
With the vol yester and today ..Be like say some investors are buying back what they dumped mths ago

Lets see how monday will be like .there is Hope

Sir Lancee, there's no need to worry for now. The market still has a very long way to go in terms of upsides, its only requires patient. We are in a long ride

carpenter:
Please do you know any stockbroker in Nigeria that can buy international stocks? Interested in one that buy into some of the products of Vanguard Investment Group or similar companies. Thanks

GTI was suposed to do that but i think d regulators put it on hold during arunma ottehs regime.

UBA should just cooperate with FBNH abeg.

Manonamission:
UBA should just cooperate with FBNH abeg.

Cooperate for what?UBA is following Access while FBNH is running behind UBA.

FBNH go soon overtake

FlourMill volumes picking up . . dividend hunters betting on a possible good payout from asset sale harvest lol

Someone said Diamond and FCMB were included in the FXPD...It might be rumor

Please i want to learn this stock investing. Please who can just brief me? If i buy a stock, when will i sell it? Etc. Pleas just brief me on it.

If you miss out on UCAP today...sorry. Something big is coming!!!

Chiscomax:
Please i want to learn this stock investing. Please who can just brief me? If i buy a stock, when will i sell it? Etc. Pleas just brief me on it.

-----------------------------------------------------------------------------------------------------------------------------------------------
.......................read these books................
Multiple Streams of Income
Book by Robert G. Allen
-----------------------------------------------------
How to Pick Stocks
Frailey, Fred
Published by Kiplinger Books, 1997
ISBN 10: 0812928261 / ISBN 13: 9780812928266
----------------------------------------------------
...after that you would know what to do...............

Primetech:
If you miss out on UCAP today...sorry. Something big is coming!!!

Bros,

Abeg tell us oh . How big is it?

Primetech:
If you miss out on UCAP today...sorry. Something big is coming!!!

dnt worri.... jusss sold mine today. will join again on monday

Stock with new 52 weeks high
Ucap #2.40

Godisfaithful:
Someone said Diamond and FCMB were included in the FXPD...It might be rumor

the way you have said it shows it's a rumor...