₦airaland Forum

PETERiCHY:
Tell your wife to stop mixing your food with weeds.

EPIC.

Thank you so much bro.
You r really God sent

binaflexia:
Try investing.com and look for NSE30.
I can't post the full link becos I'm on mobile

bisiki2:
Greetings,

I am yet to receive Zenith Bank interim and final dividend for 2015 FY, I submitted the e-dividend form one month ago. Should I be worried?

The same with First Bank final dividend for 2015 FY

The fact is your E-mandate has not been processed. I advice you contact your broker to know how far they have gone or if you processed the form yourself, contact the registrar. I strongly think you should process the forms yourself. Zenith registrar is very efficient. If you walk in, you will leave satisfied. Their office is besides the head office in VI.

Willie2015:
Most of the Banking stocks will go down after the euphoria of interim dividend, it is natural as there is no news to drive prices up.
Most of them will hit their year low btwn (Sept - to 1st Week of Jan), my watch start from now;

GTB -13.80
Zenith - 9.50
Access - 3.80

I sincerely don't see that happening especially for GTB. The trend clearly shows that FI have preference for GTB. The soaring price of the stock is a testament.

Dwizeone:
I sincerely don't see that happening especially for GTB. The trend clearly shows that FI have preference for GTB. The soaring price of the stock is a testament.

I agree with you on FI preference and soaring price of GTB but it is also a fact that banks inclusive of GTB are not immune from their environment in an economic recession.

A massive 30% cut in salaries of staffs of top tier banks is an indicator that something is fundamentally wrong. Income line is reducing so fast that the only way to make performance look good is to cut salaries. If I am expecting a loss of 30% by EOY and I cant get income line to stem the tide, the easiest way to stem the tide is to reduce staff costs by the same ratio and get a flat result.

I expect UBA, GTB and other banks to move along the same line, however I rather wait for prices to come down than lose hard earned cash in this current climate.

Willie2015:
I agree with you on FI preference and soaring price of GTB but it is also a fact that banks inclusive of GTB are not immune from their environment in an economic recession.

A massive 30% cut in salaries of staffs of top tier banks is an indicator that something is fundamentally wrong. Income line is reducing so fast that the only way to make performance look good is to cut salaries. If I am expecting a loss of 30% by EOY and I cant get income line to stem the tide, the easiest way to stem the tide is to reduce staff costs by the same ratio and get a flat result.

I expect UBA, GTB and other banks to move along the same line, however I rather wait for prices to come down than lose hard earned cash in this current climate.

Mind you Nigeria is in recession and its normal for banks to cut cost.This action may increase their top line by year end.For your propose entry price,you may have to wait till Feb. 2016.

Willie2015:
I agree with you on FI preference and soaring price of GTB but it is also a fact that banks inclusive of GTB are not immune from their environment in an economic recession.

A massive 30% cut in salaries of staffs of top tier banks is an indicator that something is fundamentally wrong. Income line is reducing so fast that the only way to make performance look good is to cut salaries. If I am expecting a loss of 30% by EOY and I cant get income line to stem the tide, the easiest way to stem the tide is to reduce staff costs by the same ratio and get a flat result.

I expect UBA, GTB and other banks to move along the same line, however I rather wait for prices to come down than lose hard earned cash in this current climate.

Nigeria is in recession and it is expected for companies to cut cost. This is to ensure that there is significant ROE.

Having said that, I fully align with your assertion but I'm still upbeat that those stocks may not necessarily go that low. Most of the stocks have been oversold. Any little breath of good news may just push a rally. Taking all in all, I can say the prices will continue to fluctuate about their current prices.

Have you notice today is actually a *perfect square day* *4/9/16* =2²/3²/4²

Nigeria's state oil company says could be crippled by Delta militancy
http://af.reuters.com/article/nigeriaNews/idAFL8N1BG0MQ

'' . . . Nigeria's crude oil output down by 700,000 barrels per day (bpd) to 1.56 million bpd since the start of the year ''

#worrisome

fxuser:
Nigeria's state oil company says could be crippled by Delta militancy
http://af.reuters.com/article/nigeriaNews/idAFL8N1BG0MQ

'' . . . Nigeria's crude oil output down by 700,000 barrels per day (bpd) to 1.56 million bpd since the start of the year ''

#worrisome

Correct!

This is exactly why Gen Buratai Crocodile needs to keep smiling in the Niger Delta...

To Clear their doubts!!

http://thenationonlineng.net/cbn-releases-new-guidelines-foreign-investment-inflows/

https://www.cbn.gov.ng/Out/2016/TED/Portfolio%20Investment%20in%20Nigeria%20Memorandum.pdf

Godisfaithful:
http://thenationonlineng.net/cbn-releases-new-guidelines-foreign-investment-inflows/

https://www.cbn.gov.ng/Out/2016/TED/Portfolio%20Investment%20in%20Nigeria%20Memorandum.pdf

Good news. But let see how the investors react. The usual reaction nowadays is " wait and see" or "need more information "

http://sbmintel.com/2016/09/05/daily-watch-pfas-invest-%E2%82%A61-7-billion-in-infrastructure-ubas-profit-search-goes-abroad/

UBA CEO, Kennedy Uzoka, has that said the bank’s African subsidiaries now account for a quarter of its profit and total deposit base, which is largely made up of low-cost savings and current account deposits. Uzoka made this disclosure during an investor conference call on August 31 on the bank’s 2016 half year results. “I am particularly impressed by the performance of our business in Congo Brazzaville, where we doubled bottom-line, largely through transaction-based offerings,” he said. Uzoka noted that the firm’s African business, excluding Nigeria, contributed a quarter of profit during the period, and possessed a stronger outlook than its home country.

fxuser:
Nigeria's state oil company says could be crippled by Delta militancy
http://af.reuters.com/article/nigeriaNews/idAFL8N1BG0MQ

'' . . . Nigeria's crude oil output down by 700,000 barrels per day (bpd) to 1.56 million bpd since the start of the year ''

#worrisome

Stupid telling your enemy how he's hurting you.

Pls guys with eyes on the market, hw is zenith doing, I am thinking of putting mine up for sale.

JLINE:
if you bought "Guaranty trust bank" at price higher than 23.26/23.61 ...you might want to close positions now as it is still early.
price will come down to 23.61/23.26 from where it is now before heading back up again.
SHALOM
don't be carried away with this minor up move they are doing,its headed to a cap(26.80 or might not get there though) and when it gets there...the move down will be very fast.
what does that volume reduction says ? one thing,less buyers switching into the other sides.
just my 2 cent though,i might be wrong

Hope you didn't forget this,might have started...extra careful here.

Zhirinovsky:
Thank you so much bro.
You r really God sent

You're welcome bro

It is becoming increasingly wise for one to exit all postions where one have experienced gains however little it may be. The outlook for this economy is not looking rosy at all. The recovery of the economy is looking like exploring for crude oil in the Lake Chad basin.

I am locked in with losses all over my portfolio. Which way Naija

rebekah2011:
It is becoming increasingly wise for one to exit all postions where one have experienced gains however little it may be. The outlook for this economy is not looking rosy at all. The recovery of the economy is looking like exploring for crude oil in the Lake Chad basin.

I am locked in with losses all over my portfolio. Which way Naija

Also the courage to exit loss position to preserve capital is extremely critical.

rebekah2011:
It is becoming increasingly wise for one to exit all postions where one have experienced gains however little it may be. The outlook for this economy is not looking rosy at all. The recovery of the economy is looking like exploring for crude oil in the Lake Chad basin.

I am locked in with losses all over my portfolio. Which way Naija

The fact that we are in a recession and to a large extent the economic outlook for the midterm has already been factored into the prices you're seeing on the exchange.

ExLaidback:
The fact that we are in a recession and to a large extent the economic outlook for the midterm has already been factored into the prices you're seeing on the exchange.

Ok o........i see........you mean no further fall?...........After buying oando last week at 4.87, the price is now 4.72.....and you said the outlook of the recession is already factored in the stock prices.........i am now praying for us not to enter depression because if we do,most stocks will trade at 0.01 prices including oando.............so our president should be very fast to return the country to the standard.

locodemy:
Ok o........i see........you mean no further fall?...........After buying oando last week at 4.87, the price is now 4.72.....and you said the outlook of the recession is already factored in the stock prices.........i am now praying for us not to enter depression because if we do,most stocks will trade at 0.01 prices including oando.............so our president should be very fast to return the country to the standard.

Surely you and I know that prices always fall and rise generally. Now news emanates everyday, I don't know what unexpected news will emerge tomorrow, e.g. unexpectedly bad Q3 results, but for now, the exchange has since taken into cognizance the fact that we are in a recession and that we would be for a while. Depression? I no know about that one o

EDIT: Let me put it another way, I expect the ASI to find support at 27000 within the next 3 months.

zendi:
Stupid telling your enemy how he's hurtiing you.

When hurting you and destroying you is his mission and his success.

Hello house..today is ABC Transport Dividend payment date...anyone got alert yet?.

FBN
-found support
-SP stays above 52 wk low
-

stocks with new 52 weeks low
john Holt #0.63k
no new high

TOP TRADERS BY VALUE (week ended 02 Sept

1-Stanbic IBTC Stockbrokers Limited
2-Anchoria Investment & Securities Limited
3-Nigerian International Securities Ltd
4-Arthur Steven Asset Management Limited
5-Cashcraft Securities Limited
6-Regency Assets
7-CSL Stockbrokers
8-Apel Assets Ltd
9-Golden Securities Ltd
10-Valmon Securities Ltd


TOP TRADERS BY VOL
1-Anchoria Investment & Securities Limited
2-Stanbic IBTC Stockbrokers Limited
3-Nigerian International Securities Ltd
4-Arthur Steven Asset Management Limited
5-Cashcraft Securities Limited
6-Valmon Securities
7-Regency Assets Management
8-Apel Asset Management
9-CSL Stockbrokers
10-Lead Securities


Never heard some of this names before (Valmot , Apel , Regenecy ! ! ) um

[quote author=fxuser post=49096677]TOP TRADERS BY VALUE (week ended 02 Sept

list is for NASD mkt

- found some names interesting

cadno:
Hello house..today is ABC Transport Dividend payment date...anyone got alert yet?.

Those people dey send alert? Dem be yeye people.

UCAP
-strong bearish sentiment today
-bears took charge
-opened at N2.34 to close at N2.19 (full red candle)
-rsi continues to slope downwards
-watchMode

Just playing ard with TA ! here is FBN 6mth daily chart showing SP finding some support
#justObserving nt a BUY recommendation

fxuser:
UCAP
-strong bearish sentiment today
-bears took charge
-opened at N2.34 to close at N2.19 (full red candle)
-rsi continues to slope downwards
-watchMode

keep your eyes on this one........cash is to be make.........big one.......if possible,#2.00 entry not bad