angelo82:
No way FO will drop to 9Naira as at today because their eps is not bad.Ignore the above and don't panic-sell your FO.

"HISTORY has a way of REPEATING itself"

FO aka AP drop from N300 in 2007 down to N8 in 2012 then climb back to N250 in 2015 and has been on the descent since then even touched N50 last year-end

So you still need a soothsayer to tell you its going home to MAMA

jp130:
Today bull on som stocks no b here o. Hmmm
C weti i de miss

There is no bull yet.............the bull is seen in bank sector and the cause is that investors are trying to position ahead of 2016 fye results which is about to hit the floor.

Watch out the next bull coming from the oil stocks/companies favoured by recent government policies.

we are making cool cash this year.

locodemy:


But bros,unless you already have FO in your portfolio,i will advice you go for Eterna instead of FO.

Eterna is still Bleeding,

Conoil Plc is a good stock, with nice dividend.

locodemy:


But bros,unless you already have FO in your portfolio,i will advice you go for Eterna instead of FO.

Let him be ranting in 2012 when FO traded N8 how much was crude price then.

For those that follow trends in 2013 when FO started ascending from SubN10 it consosilidated around N40 the moved again and consolidated around N80 from there above N100 and finally met the BRiCKWALL @ N254.

It's the same staircase its use for descending.

Ucap very close to 4.
97% ROI for now.

Coolcash1:


Please tell the pessimist @peterichy.... Even in the heat of falling crude oil prices the price didn't drop to that. Is it now it will now crash to 900 kobo...Very dumb post @peterichy...

I am certain FO will declare dividend higher than that of 2015.

Yeah it seems is the result that will move the price up and some people already knew that by not allowing it to go higher so that they can accumulate enough to sell later when the stock is on full bid post result.

angelo82:
No way FO will drop to 9Naira as at today because their eps is not bad.Ignore the above and don't panic-sell your FO.

Yeah EPS not bad ..see people don make money just few days in january , when someone came here dec and said all stocks are going down this yr

i won't be will surprise if the oga dey buy some stocks

leo1234:
Ucap very close to 4.
97% ROI for now.

this is a good one, I just closed my eyes to buy it before Christmas... Thanks everyone... Greenhorn like me getting something out of the market.. It's a big miracle

PETERiCHY:



Forte Oil is heading back to N9 if in doubt ask those in Cadbury.

"Thunder doesn't strike at the same spot twice-African Proverb.

Like the Oando going to 1000 naira before 2018 after conco deal

ihedi,i sight you o.........do you have anything to say?

angelo82:



Yeah it seems is the result that will move the price up and some people already knew that by not allowing it to go higher so that they can accumulate enough to sell later when the stock is on full bid post result.

You Are spot on. Let the guy spewing rubbish continue and be blocking others from making money.. We know that, to borrow @fxuser word, FO is a JUJU stock that does not respond to the jargons he wrote...

I looked at the nine month results and compared it to 2015 yoy and realized that the performance was better. Which gives confidence that good dividend is likely to be declared...

@ locodemy how i wish i had bought fcmb at 1 naira when u were screaming. But i went for DIAMOND though am on 15% profit on diamond sha. well i believe more opportunities will show up dis JAN.

lancee:



Yeah EPS not bad ..see people don make money just few days in january , when someone came here dec and said all stocks are going down this yr

i won't be will surprise if the oga dey buy some stocks

They just want to scare off people to sell so that they can buy it cheap.

Besides FO result will be out by end of the month.

Tritri:
@ locodemy how i wish i had bought fcmb at 1 naira when u were screaming. But i went for DIAMOND though am on 15% profit on diamond sha. well i believe more opportunities will show up dis JAN.

you are not at the wrong side sha!.I even bought 1 m units sterling bank today but for JIJO.I am planning to exit 50% of my Fcmb to accumulate Eterna oil at the current current price.As they said,business is secret..........i am not suppose to say so until i have fully taken position.my brother,play a better wing this year and you will smile....

leo1234:
Ucap very close to 4. 97% ROI for now.

Ucap dey sweet me for bodi.

Watch out for Sterling bank. This first quarter is going to be intriguing.

PharmAlfred:
Watch out for Sterling bank. This first quarter is going to be intriguing.

i dey ur back with my tasere units.

I don't want to be a party pooper but UCAP is slowly strolling into the over-valued region for an FI in my opinion

NuttyChoky:
I don't want to be a party pooper but UCAP is slowly strolling into the over-valued region for an FI in my opinion

Wait till you see the FY result! After that, it will become overvalued but until then, it is still undervalued.

Remember that after it returned over 100% of PAT as at q3, it went on to close a N9 billion bond deal (very successfully) for Forte Oil in Q4. They made cool cash from that deal also. FY EPS will likely be about N1 and dividend about 50 kobo. This is enough to drive it to km 4.

Does anyone know if MTN Nigeria is still listing this year?

richie9093:
Does anyone know if MTN Nigeria is still listing this year?

Do NOT WAIT FOR BONES.... I CANT SAY MORE... .
Why did they not list ALL THESE YEARS?
Now that the competition is a hangman's noose, they are looking for a way out.
Its like collecting their profit for the next five years and leaving you with the business, while still taxing you and they will be running it on your behalf and giving you PEANUTS.
Even JIJO may be expensive with them.... .
Most businesses list after the juice is completely squeezed out....Forget the cooked results you will see before the listing

I hate deceptive accounting.....

DeRuggedProf:


Do NOT WAIT FOR BONES.... I CANT SAY MORE... .
Why did they not list ALL THESE YEARS?
Now that the competition is a hangman's noose, they are looking for a way out.
Its like collecting their profit for the next five years and leaving you with the business, while still taxing you and they will be running it on your behalf and giving you PEANUTS.
Even JIJO may be expensive with them.... .
Most businesses list after the juice is completely squeezed out....Forget the cooked results you will see before the listing

I hate deceptive accounting.....

If I remember correctly, the reason they wanted to list was because NCC reduced their fine from ₦1.3trillion to ₦330billion on the condition that they (MTN) would agree to being listed on NSE. And they agreed to it.

Somehow the news has died down and nobody is talking about it again. This country sef.

It's great that Obazee has been removed from FRC.

I hope Stanbic IBTC issues will be settled.

I know this is coming in a little late and might sound crazy. But please , I need someone's help ; I'm a beginner
How do I start with investment in shares here in Nigeria.

And will 100k do for a start and yet bring in good returns?.

How soon should I expect the returns /profit?

Mckayzee:
I know this is coming in a little late and might sound crazy. But please , I need someone's help ; I'm a beginner
How do I start with investment in shares here in Nigeria.

And will 100k do for a start and yet bring in good returns?.

How soon should I expect the returns /profit?

p

When it comes to share investing no amount is too small and no amount is too big...Yes, you can start with 100k. There are good stocks to pick on the floor of the exchange. You can go for FCMB, UBA, FBN, ACCESS, UCAP, Total, Eterna oil, All dangote vompanies; flour, cement and sugar and so on.

Mind you be ready to face the unexpected because you have to understand stocks can go up and come down at anytime... But the comfort is to put your money in the good ones with strong fundamentals...

Good luck and welcome to the club

Lest I forget, don't be a stranger on this forum as you will learn a lot and benefit from the experience and technical know-how of erudite members...

richie9093:


If I remember correctly, the reason they wanted to list was because NCC reduced their fine from ₦1.3trillion to ₦330billion on the condition that they (MTN) would agree to being listed on NSE. And they agreed to it.

Somehow the news has died down and nobody is talking about it again. This country sef.

The last time I checked they still have the plan to do so. .So don't worry just relax.

Nigerian central bank to meet retail traders on naira rates

http://af.reuters.com/article/nigeriaNews/idAFL5N1EZ5FZ



Wetin dem wan discuss

Nigeria Eurobond Appreciated yesterday.....does it mean that these FPIs have started looking at our Bonds?

Baba God i thank you for another brighter day you procreated for Fcmb faithfuls.........we are looking forward for another 10% today and by 2.30 when the closing bell will be rang,we will be going home @1.40........we pray thee in Jesus name..............and Fcmb faithfuls say...........Amen.

Please Brethren......is this a good time to take Margin Loan to mop up UBA and FBNH?

My brokers have just dangled that bait to me now..

Brent Crude 54.94 = 0.00 0.00% 1/10/2017

ukay2:
Until you sell, you never make a kill

ONE LOVE my Brother .