₦airaland Forum

Pls wat is happening to Total producing. The downstream sector is rekindling and they are doing the opposite.

rocasmilatos:
Pls wat is happening to Total producing. The downstream sector is rekindling and they are doing the opposite.

How do u mean ? pls explain what U mean by Total is doing the opposite,
are U talking abt the Share price or its Business Strategy.
Share price might be Profit taking, ....

cadno:
How do u mean ? pls explain what U mean by Total is doing the opposite,
are U talking abt the Share price or its Business Strategy.
Share price might be Profit taking, ....

Yes i am talking about share price. If it is profit taking as you said, did u know the number of days(period) the price increase and pull back occurs.

rocasmilatos:
Yes i am talking about share price. If it is profit taking as you said, did u know the number of days(period) the price increase and pull back occurs.

Thats market .

ihedioramma:
Thats market .

Sir ur ansa is nt elaborate to my questn

Brent $53.07/bbl

Adesiji77:
http://www.vanguardngr.com/2016/10/reversal-foreign-investment-crashes-guinness-shares/

GUINNESS on my watchlist... Let the music play... I pity those that are heavily loaded in this scam...

THE BIG SMART GUY

fxuser:
Brent $53.07/bbl

Brent Now $53.11/bbl

godlyguy:
GUINNESS on my watchlist... Let the music play... I pity those that are heavily loaded in this scam...

THE BIG SMART GUY

Watch list ke? Didn't u read d news DT d foreign investors DT were to invest in it ( DT caused d bull) recently pulled out cos of the recession in Naija?

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/15129_UBA_PLC_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

Good 3rd quarter. EPS 1.50k as against 1.43k. Still studying the financials.

When the bears arrive NSEMPA will be dead silent.

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/15129_UBA_PLC_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

-timely
-above estimates
-most welcomed , anything to reduce the fear in dis buhari economy

angelo82:
http://www.nse.com.ng/Financial_NewsDocs/15129_UBA_PLC_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

impressive third Quarter result, thanks to exchange gain though.

No Trade on OandO Today ....Pls Why

cadno:
No Trade on OandO Today ....Pls Why

Oando is trading currently at about 5.34.

Is wapco a good buy @48? So many trade on it today?

kolaish:
Oando is trading currently at about 5.34.

Thanks , Am not on my PC today...

Tritri:
Is wapco a good buy @48? So many trade on it today?

I'm still inside this bus. I bought at 60.50.
At 48, it looks like a falling knife.
Holders are selling off, anticipating bad q3 result.

Access ..Be like result will soon come out

binaflexia:
I'm still inside this bus. I bought at 60.50.
At 48, it looks like a falling knife.
Holders are selling off with anticipation for bad q3 result.

The foreign exchange wahala is affecting the manufacturing sector a lot. I doubt if their Q3 will be fascinating. DD applies pls.

lancee:
Access ..Be like result will soon come out

Access 26.9m bid Vs 3.2m offer .... God dey

lancee:
Access ..Be like result will soon come out

Expo don show for market.

Tritri:
Is wapco a good buy @48? So many trade on it today?

I will advise you wait for the market to react to the coy's q3 report (when it's released) which most likely won't be good. This may further make the price to go south until it bottoms out or at least reach a safe margin for entry. Yours truly is heavily loaded in this stock and am seriously considering re-entry inorder to average down.

People on this thread don't really go through results. They just check the PAT and that's it. I'm not of a Finance and Accounts background but some of the basics are there to read for whoever is interested.

Like has been posted before, which is not news, FX will be this biggest player on most bank results this year. FX gains/losses and loan losses

GTB (the almighty bank) in it's Q2 had to add FX translation/transaction gains to it's PAT (instead of under OCI as ZIB and UBA did or else it would have declared a loss for the 3 months ended June) due to very high Loan impairment charges. That's one of the most stable banks. FCMB did the same thing. So these are banks wit good NET FX Assets.

Now imagine banks with Net FX liabilities (rather than Assets), also having high loan loss to deal with this year. My take is this: for any bank whose Q3 you are expecting, just check the Q2. If there was a considerable increase in it's loan loss therein don't expect anything too fantastic in Q3. If even worse, it has a net FX liabilities rather than Assets, you might even want to sell because there'd be nothing to cushion the rise in loan losses (except cutting down drastically on operating expenses, I guess).

Or what do you think?

UBA
- big volumes
- Over 82m + units

ExLaidback:
People on this thread don't really go through results. They just check the PAT and that's it. I'm not of a Finance and Accounts background but some of the basics are there to read for whoever is interested.
Like has been posted before, which is not news, FX will be this biggest player on most bank results this year. FX gains/losses and loan losses
GTB (the almighty bank) in it's Q2 had to add FX translation gains to it's PAT (instead of under OCI as ZIB and UBA did or else it would have declared a loss for the 3 months ended June) due to very high Loan impairment charges. That's one of the most stable banks. FCMB did the same thing. So these are banks wit good NET FX Assets.
Now imagine banks with Net FX liabilities (rather than Assets), also having high loan loss to deal with this year. My take is this: for any bank whose Q3 you are expecting, just check the Q2. If there was a considerable increase in it's loan loss therein don't expect anything too fantastic in Q3. If even worse, it has a net FX liabilities rather than Assets, you might even want to sell because there'd be nothing to cushion the rise in loan losses (except cutting down drastically on operating expenses, I guess).
Or what do you think?

the fact that some things are in d opening and glaring does not mean it wld be seen by everybody

good job

No good news for FBN.......No good news for the Nigerian Stock Market........A time for every hand to be on the desk to make things happen..........if not all the big volumes in stocks like Access and Uba are like chasing wind.