@ogodre
At N8 Oando is currently valued at 91x its earnings and is currently the most expensive stock on the NSE

OBAGADAFFI:

@ogodre
At N8 Oando is currently valued at 91x its earnings and is currently the most expensive stock on the NSE

Haba, even at this low price

cadno:

Haba, even at this low price

Some companies are Ponzi schemes.

Also heard JB major shareholders​ pulled out.

ETI
- strong price breakout
- weekly remains bullish !

Livestock
- sumfin cooking
- increased vols dis past week ,
- SP kept finding support above 90 kobo forming a weekly doji
- SP trading above 50dma on d daily

“Two of the cardinal sins of trading – giving losses too much rope and taking profits prematurely – are both attempts to make current positions more likely to succeed, to the severe detriment of long term performance”

– William Eckhardt

OBAGADAFFI:


Some companies are Ponzi schemes.

Also heard JB major shareholders​ pulled out.

Where did you get the information, biko?

“The market moves in ways that will consistently tempt you into believing you don’t need to follow your rule this time” – Mark Douglas

Economic experts have cautioned the Federal Government against further borrowing, saying the country’s debt profile of N19tn portends danger for the economy.

They said the country’s debt, which has been increasing in the last few years, was becoming unsustainable as it might be difficult to service it due to the revenue challenges facing the country.

Muhammed said Nigerians needed to be worried about the country’s debt burden rising at a faster rate than revenue generation.

He stated that if something urgent was not done to shore up revenue, it would be difficult for the government to meet its debt servicing obligation.

He said, “The debt profile is scaring and worrying. It’s not a bad thing to borrow but it is good to be assured of the sustainability of the borrowing. If you go on a borrowing spree, then it will be difficult to service this debt when you don’t have the capacity to pay.

“We are not earning as much as we should, and there is need for the government to focus on bringing in investors into these sectors that funds are being borrowed to finance. We can use the PPP model and allow people to bring their money, while the government provides the conducive atmosphere like tax incentives and others.”

http://punchng.com/nigerias-n19tn-debt-portends-danger-for-economy-experts/

SamuelSNR:


Where did you get the information, biko?

@Ogodre, @nairametrics

Julius Berger’s profits have been on a steady decline since the former German owners, Bilfinger divested from the company.

OBAGADAFFI:


@Ogodre, @nairametrics

Julius Berger’s profits have been on a steady decline since the former German owners, Bilfinger divested from the company.

I digged up JB 2014, 2015 and 2016 AFS. Bilfinger SE holding is still intact.

Disclosure: JB makes up one of my substantial holdings.

Something got me thinking folks, has anyone seen an active wemabank in his city The one I see here looks somehow, I want to fix my exit price from wema

veecovee:
Something got me thinking folks, has anyone seen an active wemabank in his city The one I see here looks somehow, I want to fix my exit price from wema

medicine after death

Shigidi,your boys are waiting for you to say something, deactivate observation mode. Here is Nairaland not SMN

This link will help. Just saw it now...
http://nairametrics.com/this-proves-mike-adenuga-is-now-the-largest-shareholder-in-julius-berger/

SamuelSNR:


I digged up JB 2014, 2015 and 2016 AFS. Bilfinger SE holding is still intact.

Disclosure: JB makes up one of my substantial holdings.

veecovee:
Something got me thinking folks, has anyone seen an active wemabank in his city The one I see here looks somehow, I want to fix my exit price from wema

Oga i wonder why you talk about this Wema bank everytime.
How many experts/analysts have you seen talking about this stock?
Did you buy it just because the market is on the move or what purpose?
Stocks without fundamentals,no good market sentiments are too risky to discuss about now.
I am even selling off my skye bank today to hold my cash at hand.

http://nairametrics.com/4-of-the-cheapest-banking-stocks-in-this-bullish-market/

Discuss

The equity prices of the following companies were adjusted today 19th of June 2017 for dividends declared by their respective board of directors as follows: Security

Dividend Declared (N) Last Close Price (N)Ex-div Price (N)


THE INITIATES PLC 0.03 0.77 0.74


CONTINENTAL REINSURANCE PLC 0.14 1.38 1.24


LASACO INSURANCE PLC 0.03 0.52 0.50

afo7219:
medicine after death

what's amusing you? The stock is 10% up this morning with no offer. I'm not even saling now. My question is against the future...I think the bank's year high is .88k. Well let's watch and see what the next two days look like

veecovee:
what's amusing you? The stock is 10% up this morning with no offer. I'm not even saling now. My question is against the future...I think the bank's year high is .88k. Well let's watch and see what the next two days look like

Did you just say 10% up?
If you think the stock is appreciating now,i think now is also the best time to waka with your loot before your profit is erased.

locodemy:


Oga i wonder why you talk about this Wema bank everytime.
How many experts/analysts have you seen talking about this stock?
Did you buy it just because the market is on the move or what purpose?
Stocks without fundamentals,no good market sentiments are too risky to discuss about now.
I am even selling off my skye bank today to hold my cash at hand.

don't underestimate the power of a bullish mkt. I don't think that any bank should be saling below .80k by weekend. Hope you are watching the move of Skye which is the worst performing bank in Nigeria now!

locodemy:


Did you just say 10% up?
If you think the stock is appreciating now,i think now is also the best time to waka with your loot before your profit is erased.

wema has released their 2017 1st qtr result, unlike Skye. If time is not taken, i think wema will get to 1N. My question earlier is just for me to fix an exit price

locodemy:


Did you just say 10% up?
If you think the stock is appreciating now,i think now is also the best time to waka with your loot before your profit is erased.

wema on offer. 0.57k

veecovee:
wema has released their 2017 1st qtr result, unlike Skye. If time is not taken, i think wema will get to 1N. My question earlier is just for me to fix an exit price

Alright.If your exit door for wema is #1,mine for skye is 70kobo but to the glory of God,yours brother was able to bail out at 81kobo.

Princkez:
wema on offer. 0.57k

Check wema again now...this is bullish market. Skye was .77k this morn but on bid at 81k with no offer

Princkez:
wema on offer. 0.57k

I just confirmed it now but the offer/bid is 50 50.

veecovee:
Check wema again now...this bullish market. Skye was .77k this morn but on bid at 81k with no offer

Oga market reactions on skye is not same on wema.
I dont know what is moving you on wema.
I know you will also like wapic since both of them are operating on the same level.

locodemy:


Oga market reactions on skye is not same on wema.
I dont know what is moving you on wema.
I know you will also like wapic since both of them are operating on the same level.

hahahahaha Oga loco y na??

locodemy:


I just confirmed it now but the offer/bid is 50 50.

wema is .60k now, however I didn't say that I sell at N1. I said, I think it could reach N1. Don't worry I'll sale very soon, but not now now. Watch out what's happening in Skye. Which other bank is cheaper than wema, these are things you consider in bullish mkt

locodemy:


Oga market reactions on skye is not same on wema.
I dont know what is moving you on wema.
I know you will also like wapic since both of them are operating on the same level.

that's why I asked my earlier question. I have some stocks I keep but these ones are just for few time trading as long as the bull is around the corner

veecovee:
wema is .60k now, however I didn't say that I sell at N1. I said, I think it could reach N1. Don't worry I'll sale very soon, but not now now. Watch out what's happening in Skye. Which other bank is cheaper than wema, these are things you consider in bullish mkt

Many banks are still cheaper than Wema, eg Zenith, Gtb,fbnh.Though wema may be cheap in it's own class.
Except you are just referring to price tag which don't work in isolation in the market. prices work with other metrics.