₦airaland Forum

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.
. .

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?

Yhuup !
And If inter-bank drops also before year end, it follows similar fashion.

locodemy:
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.

U and some here just wack some decent profit from FCMB oga !
#calm another good set up will come

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

good job

Thanks

fxuser:
Yhuup !
And If inter-bank drops also before year end, it follows similar fashion.

Exactly.

stock with new 52 weeks low
Guinness #76.00k
stock with new 52 weeks high
seplat #367.51k

Intendy:
stock with new 52 weeks low

Guinness #76.00k

stock with new 52 weeks high

seplat #367.51k

boss thank you for your post but you didn't post report this day. some of us use your pages as a journal very handy instead of searching whole thread for such information recent reports is missing "UCAP, UBA and co." you can still re-quote those rport. thank you

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?

Most of us are aware of the component of these bank,s result but short term trading is the order of the day. I still make a N4 gain on the same GTB after releasing their H2 result and interim dividend while I made a loss on Zenith with a far better cleaner result with an almost non-existent fx-related gains in its PBT. You will wonder while folks still buy Skye Bank even with all their bad news and still make money, same goes for FBN and their loan portfolio.

Thats the wonder of NSE.

fxuser:
U and some here just wack some decent profit from FCMB oga !
#calm another good set up will come

Dont mind Loco, chop FCMB clean mouth, still dey wait for FBNH

Enjoy that one first before complaining.

Willie2015:
Dont mind Loco, chop FCMB clean mouth, still dey wait for FBNH

Enjoy that one first before complaining.

The attack on FBN now is much.........the work of bargain hunters........how i wish FBN will surprise everyone by releasing result this week and a very good one

Willie2015:
Most of us are aware of the component of these bank,s result but short term trading is the order of the day. I still make a N4 gain on the same GTB after releasing their H2 result and interim dividend while I made a loss on Zenith with a far better cleaner result with an almost non-existent fx-related gains in its PBT. You will wonder while folks still buy Skye Bank even with all their bad news and still make money, same goes for FBN and their loan portfolio.

Thats the wonder of NSE.

Sure a number of people understand these things. But I only started taking stocks seriously this year and so only recently started seeing the intricacies of the NSE. So there are still lots of peeps who don't quite grasp it

currentprice:
boss thank you for your post but you didn't post report this day. some of us use your pages as a journal very handy instead of searching whole thread for such information recent reports is missing "UCAP, UBA and co." you can still re-quote those rport. thank you

my oga no vex o. I've been quite busy and I discovered most are already posted,not withstanding I'll do it now.

Emefiele must go!

http://nairametrics.com/protesters-storm-cbn-hq-in-abuja-calling-for-emefiele-to-resign/

angelo82:
Emefiele must go!

http://nairametrics.com/protesters-storm-cbn-hq-in-abuja-calling-for-emefiele-to-resign/

long over due

fxuser:
long over due

is it possible?

locodemy:
is it possible?

anything is possible . .

FBN

- is this a triple bottom ?
- prev low was N2.95 , maybe it will set a new one

fxuser:
long over due

Yes we need a new face and a better one that can take side of the banks to grow the economy.This Emefiele only take side of Zenith.

fxuser:
long over due

President Buhari is not dat dumb, am sure there is a reason why he kept him this long, anyway let's watch how things unfold in the next few months

agisky1975:
President Buhari is not dat dumb, am sure there is a reason why he kept him this long, anyway let's watch how things unfold in the next few months

He is not dumb but happy to keep a CBN governor destroying the economy,at least it cover up is own cluelessness.

Wema is looking attractive on the short term

"Many investors seem to have forgotten a hard reality: There are frequent periods when stock markets don't do much." Jim Rogers

Naira strengthens to 468/per dollar, further improvement expected . 21 full oil wells discovred in Northern Nigeria . Sanate working on 11 bills to end recession-saraki . Is not only FBNH gave oando loan CBN .

UBA result has been posted here by angelo82, zendi and intendy, plus many reposts, what's happening?

Many of us forget that CBN is under the Ministry of finance. Its d burden of d finance ministry to make d economy good. Take for instance, madam Ngozi Okonjo and Sanusi. Sanusi was somehow dependent of d ministry of finance. So, to me, if anyone should go, it should b d ministry of finance.

angelo82:
Emefiele must go!

http://nairametrics.com/protesters-storm-cbn-hq-in-abuja-calling-for-emefiele-to-resign/

Many of us forget that CBN is under the Ministry of finance. Its d burden of d finance ministry to make d economy good. Take for instance, madam Ngozi Okonjo and Sanusi. Sanusi was somehow dependent of d ministry of finance. So, to me, if anyone should go, it should b frm d ministry of finance.

angelo82:
Emefiele must go!

http://nairametrics.com/protesters-storm-cbn-hq-in-abuja-calling-for-emefiele-to-resign/

This is the worst week, Market just dull like that
where are all the results naaa

valacious:
at times taking profit is safest( FCMB)..cash remains king! 15-18% isnt bad in this economy..

Here was my quote some days back. Imagine 43million offer for same FCMB that was hot last week. Wonders of NSE!

valacious:
Here was my quote some days back. Imagine 43million offer for same FCMB that was hot last week. Wonders of NSE!

- good , good
- buy d support , sell d resistance

fxuser:
- good , good
- buy d support , sell d resistance

exactly boss...i follow you a lot my oga..lots of peeps should have sold at the resistance of say 1.16/1.18...now you have to wait again..

ExLaidback:
On Thursday/Friday when UCAP may trade at it's lowest price for the next 2 months (at a likely price of N2.3x), you may want to buy. This is taking into consideration, the improving energy price situation worldwide and assuming Niger Delta Avengers will calm down at least for now.

Also most stocks that would produce good Q3 would not trade as low as they are trading now till late December or early next year i.e. you may be seeing their lowest prices for a full quarter.

This is a buy recommendation for UCAP. Yes. Please buy it let it swell. Thank you.
Short to mid-term traders kindly take note.

#ForecastofLife

Who wrote this with my name! My account was hacked. They hacked Kemi Adeosun now it's mine. SMH

UCAP is obviously finding support much higher at 2.5x just like I said last week.