If the dumping theory happens to be untrue then there is no cause for alarm as this will only be an expected retracement towards the trend line but if the theory is true
...mehn. *runs out of thread*

jamace:
At least, it is not yet a DRY BONE.

veecovee:
somebody in the house check wema now, .61k, with more 10m bid no offer

Bros no need for too much talk, make we see as e dey go. Me too follow enter based on d general sentiment for d mkt n cos Wema never been move for d banking sector.
Anyways, I go dey shine my eyes dey see as e dey go n pray say Morgan no go b my hinderance at my exit.

daemperor1:

Bros no need for too much talk, make we see as e dey go. Me too follow enter based on d general sentiment for d mkt n cos Wema never been move for d banking sector.
Anyways, I go dey shine my eyes dey see as e dey go n pray say Morgan no go b my hinderance at my exit.

that was why I bought too

stocks with new 52 weeks highs

ccnn #9.75k

m & b #5.01k

presco #75.94k

transcorp hotel #6.55k

first aluminum #0.58k

stanbic #32.45k

mansard #2.62k

flour mills #29.50k

no new 52 week lows

Princkez:
so what d management said on NSE last thursday means nothing 2 u....rem they sais no more NPL going forward,well lets wait and see.

@bolded, I think what the FBN Bank Risk Officer & others said at the AGM are

1. that NPL ratio will be trending down going forward and that they expect it to be in the single digit in 2-3 years time;

2. There are 3 big loans that are not performing which are making a big impact on NPL. 2 of those 3 are expected to/have started performing but accounting requirements will only allow them recognize that after 3 qtrs or so. So, write-backs are expected from the previous provisions made.

please i need all the Registrar email,to get the shareholder account for e-dividend.THANKS.

ALEX0198:
please i need all the Registrar email,to get the shareholder account for e-dividend.THANKS.

You can get all there respective email from the e-dividend forms but if you don't have the forms,you can visit

http://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Stock Market Rises 0.96% as Rush for Banking Stocks Persists
http://www.businesspost.ng/2017/06/19/stock-market-rises-0-96-rush-banking-stocks-persists/

Intendy:


You can get all there respective email from the e-dividend forms but if you don't have the forms visit you can visit

http://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

THANKS.

ALEX0198:
please i need all the Registrar email,to get the shareholder account for e-dividend.THANKS.

Please find some that I used recently below:

customercare@apelasset.com

registrars@cardinalstone.com

info@meristemregistrars.com

datamax@datamaxregistrars.com

enquiry@zenithregistrars.com

info@africaprudentialregistrars.com

FBN Holdings Plc has commenced move to reduce its Non Performing Loan, NPL, which stood at over 25.2 per cent in the first quarter of 2017. Speaking at the bank’s Facts Behind The Figure presentation on the Nigerian Stock Exchange, NSE, the Group Managing Director, FBN Holdings Plc, Mr. Uke Eke, said with acceleration of recovery of the impaired accounts, one out of the five major accounts that constitute its biggest NPL burden would drop off by the end of second quarter (Q2’17), leading to achievement of less than 20 per cent NPL ratio target in 2017. This, according to him, would be followed by resolution of the $500 million NPL belonging to Atlantic Energy, the second major account. “If you take off these five accounts, NPL concern will be taken off. That is why we have decelerated loan provisioning. This gives us the hope that we will achieve the projected NPL ratio,” he said. He noted that besides the legacy issue the bank is dealing with, no fresh NPL is forming on its books .

BullBearMkt:

...next resistance is @ 35,770 & previous support @31,078
We are still in Elliot Wave 1, Impulse wave 3. Expecting Corrective wave 4 anytime soon

Hello Oga BullBearMkt

it seems corrective impulse wave 4 is currently on?

kindly correct me if i am wrong

Expect bears on uacn.

courage89:


It hurts to see the stock I've held for more than 3 years, sold half of my stake @ 0.88 kobo about a month ago and the stock is now trading @ 5 naira.

u should have done some dd moving foward when u saw a very good q1 and u had about their partnership with FG and 100m upfront advance.

robobo:


Hello Oga BullBearMkt

it seems corrective impulse wave 4 is currently on?

kindly correct me if i am wrong

...sorry, you're wrong. Not yet

BullBearMkt:

...sorry, you're wrong. Not yet

ok sir thank you appreciate ur response

pls can any one say what really happend to Transcorp today...why d heavy offer towards close of market

Princkez:
pls can any one say what really happend to Transcorp today...why d heavy offer towards close of market

Profit talking the same to OANDO/FBNH e.t.c .

Pls is Trancorp power a different stock from its hotel stock? I need clarification

I can see Transcorp and Transcohot on list

eazyway212:
I can see Transcorp and Transcohot on list

Transcorp hotel is separated from Transcorp

OK....So which stock gets the oil well? Transcorp or Transcohot?

OK..I'm cleared

moseys2003:


Any news? should we sell?

Will ad ice you to sell b4 it's too late

eazyway212:
OK....So which stock gets the oil well? Transcorp or Transcohot?

Non

eazyway212:
OK....So which stock gets the oil well? Transcorp or Transcohot?

Transcorp has the oil well. You need to confirm if they have started mining the well and if the oil in the well is of substantial quantity.

http://punchng.com/forte-oil-plans-to-sell-n20bn-shares



On Monday, Forte Oil said it was on track to achieve its target for 2017 and that based on its performance so far, it could pay out half of its earnings as dividend.

It said its fuel distribution and power business accounted for 95 per cent of its operating profit and that it hoped to announce its half-year audited account before july 31

eazyway212:
OK....So which stock gets the oil well? Transcorp or Transcohot?

Mr Tony, separated the hotel from the transcorp and name it Transcohot when the price rose from 50 kobo to #6, without given the Transcorp share holders some percentage of share in the hotel.

The same way he removed the oil sector (oil well) from Transcorp and name it "Tone oil" with nothing to the existing share holders of Transcorp, and I believe that soon, he will remove the power sector before the expected huge amount will be paid to him.

He is just using Transcorp as one man business without considering the investors, and that keep moving Transcorp one step forward and 3 step backward.

https://www.google.com.ng/amp/www.nigerianmonitor.com/revealed-check-out-the-full-list-of-owners-of-nigerian-oil-blocks/amp/
In case if you are doubting go through the list you will see from the link above and check the owners of OPL 281 and OPL 2008 "that is Transcorp & Tenoil"

Thanks @ Chibuking for the clarification

eazyway212:
Thanks @ Chibuking for the clarification

he's unbundling transcorp gradually.

lancee:
http://punchng.com/forte-oil-plans-to-sell-n20bn-shares



On Monday, Forte Oil said it was on track to achieve its target for 2017 and that based on its performance so far, it could pay out half of its earnings as dividend.

It said its fuel distribution and power business accounted for 95 per cent of its operating profit and that it hoped to announce its half-year audited account before july 31

Forte Oil Plc has said it is planning to sell shares worth N20bn to institutional and high net worth investors, and has applied for regulatory approval for the transaction.

The energy firm said on Monday that the capital raising would be done as a public offer for shares through a book-building process to help price discovery, adding that it had applied to the Securities and Exchange Commission and Nigerian Stock Exchange for approval.

It said its core investor, Zenon Petroleum and Gas Limited, owned by billionaire, Femi Otedola, with a total stake of 62.97 per cent in the company, would not participate in the offer, according to Reuters.


They should issue some rights to existing shareholders and the balance to institutional investors, that is the way to go. Anyways better to keep buying from the floor to avoid story that touches the heart.

Anybody can become wealthy; asset allocation is how you stay wealthy- Tony Robbins.