phemmie06:

The properties might be acquired for event centers. Cinema houses, casinos etc.
Even the bank that died in the skye never had much noise surrounding it.

LOL.. The timing favored sky bank coz it was placed under administration for more than 2 years before the obituary was announced. It means sky bank was dead but living. A case of the living dead (walking corpse)
This made investors to be dead angry. If you are a regular follower on this thread you would have seen how we poured venomous angers on stupid Ayeni dt al.
Many optimists were cut short.
In the coming days if the trading in shares of diamond Bank is not suspended, it will nosedive sub 0.50.

phemmie06:

The properties might be acquired for event centers. Cinema houses, casinos etc.
Even the bank that died in the skye never had much noise surrounding it.

Maybe bet Naija, naira bet and other viral gambling companies might take the advantage. But wait ooo
The gambling companies in Nigeria have invested heavily in digital contents, therefore your suggestions of event Centres, cinema houses and casinos look more futuristic.

mendes911:

Whoever told KOD few years back that Diamond Bank will be in this kind of state, he would have stoned the person.

Me, NSE and long term? E no fit happen. Oil and water no dey mix together.

So the maga that offloaded billions of Diamond Bank shares late last year was running for his/her life. NSE and insider trading. I hope this is not the same scenario playing with the investor that dumped FCMB. Am thinking out loud though, I have no insider information and not in either of the stock at the moment.

Time will tell!

I will conduct an independent research on the true state of FCMB
They cannot hide forever.
If falsehood persists for a thousand years, Truth will surely overcome one day

Godlylifeoneart:

I will conduct an independent research on the true state of FCMB
They cannot hide forever.
If falsehood persists for a thousand years, Truth will surely overcome one day

Its normal for fcmb to release q3 audited result in the last week of nov.

Godlylifeoneart:

I will conduct an independent research on the true state of FCMB
They cannot hide forever.
If falsehood persists for a thousand years, Truth will surely overcome one day

Na today

Mpeace:
Its normal for fcmb to release q3 audited result in the last week of nov.

Yep..likely 22nd/23th of November 2018.

.

Laugh won kill me here oo..
Deadmon bank
Event center
Cinema
9ja bet !!

Chai na where I investe my money una dey finish like this ?
I take God beg una, make una let this bank die before una bury am! E still dey “alive”.. let it die first

dipoolowoo:
@Yariya. Unfortunately, you could not decode what I meant by 'better' in that context. Let me make it clear now, 'Better' as used in my earlier sentence is directly the opposite meaning of the word. I hope you get the drift now.

Make people no go accuse me of passing wrong info tomorrow.

Regards

Lol opposite ok.. because I know things are far from “better”

veecovee:
https://www.vanguardngr.com/2018/11/foreign-investors-raise-stake-in-nse-as-fpi-rises-133-in-2-months/

They are coming back..the foreign guy..

mendes911:

Whoever told KOD few years back that Diamond Bank will be in this kind of state, he would have stoned the person.

Me, NSE and long term? E no fit happen. Oil and water no dey mix together.

So the maga that offloaded billions of Diamond Bank shares late last year was running for his/her life. NSE and insider trading. I hope this is not the same scenario playing with the investor that dumped FCMB. Am thinking out loud though, I have no insider information and not in either of the stock at the moment.

Time will tell!

No be only KOD ooo o.... Add oga Oracle, 1himself, Mercilycious, hispy, Pa emma, faithgonuel, migiet, afolabi and Dr Abraham to the list

mendes911:

Whoever told KOD few years back that Diamond Bank will be in this kind of state, he would have stoned the person.

Me, NSE and long term? E no fit happen. Oil and water no dey mix together.

So the maga that offloaded billions of Diamond Bank shares late last year was running for his/her life. NSE and insider trading. I hope this is not the same scenario playing with the investor that dumped FCMB. Am thinking out loud though, I have no insider information and not in either of the stock at the moment.

Time will tell!

I think the KOD guy is a board member or an insider in Diamond bank. HE still believes in the bank till today. He is currently raising $180k today to buy Diamond bank Eurobonds.

Buying at a good rate

Yayira:
Laugh won kill me here oo..
Deadmon bank
Event center
Cinema
9ja bet !!

Chai na where I investe my money una dey finish like this ?
I take God beg una, make una let this bank die before una bury am! E still dey “alive”.. let it die first

The name Deadmond was given by my Ọ̀gá

Zenith
- some pb expected

fxuser:



loll
rate reserve erosion just enter new gear , not looking good wit d all cost approach to ''stable'' rate

but asper flour mill:
- one lesson i learnt during trading breakouts is wen wkly RSI breaks into overbought level, its a sweet spot where price tends to make new highs and can remain overbought much longer than one would expect
- d other leg is wen d same wkly RSI breaks into oversold level lolll , it's vice versa and also a sweet spot for shorts lollx
- all na possibilities , we watch and see

But u can't short stocks in NSE, or can you?

You can only average down or buy bottoms during the oversold scenario yout painted. Both actions are still long positions. Correct me please if I'm wrong. Always willing to learn

I don’t even understand what the big man above me typed

Yayira:
Please will this devaluing of naira affect euro ? Or it’s just against the dollar ?
I don’t have much knowledge about this..
Let’s take for instance, I have only naira and after the devaluation and I want to buy euro, how will it affect me ? Positively or Negatively ?

$$$$$$ Babe, not Euro!

maishai:
how does one save money in foreign currency and escape the excessive charges.....I ask this as i am about to sell a bike i bought 4 years ago for more than 150% the amount I bought it, after reminising, i think it is futile to save or invest in naira as your base currency......Naira is just not a good store of value, I still earn the same salary as i did 4 years ago but i am fucking poorer.......Its so bad that when i checked my Retirement savings account, my balance 4 years ago is greater than the amount there now if we convert the money to dollars @ the exchange rates of 2013 and 2018.....................Please help me out ??

Lolz. You have already given yourself all the advice you need nau. I'm sure you already have a Naira current account. Just walk into your bank and open a dom account in $, £ or €. Buy forex with any fallow naira lying around and dump into new dom account, and save yourself the impending devaluation tsunami that is certainly coming.

Yayira:


? Agba just 2 words? Abeg explain for me well Haba!

Devaluation affects all hard currencies, not just dollar, the reserve currency

bigjay01:


In 2006, when i came to NSE, the xchange rate was about £1=N229. Do the maths!

It is just very unfortunate when it comes to the directions of this country. Blame game instead of facing economy realities. Another devaluation looming again but time will tell. Everyone should just be careful with his/her hard earned money. Too many Pharaoh in the wilderness. Just an opinion...

fxuser:



deriz no better hedge dan dis: 'foreign asset-income generating'

It's a top grade hedging my bro

Godisfaithful:


It is just very unfortunate when it comes to the directions of this country. Blame game instead of facing economy realities. Another devaluation looming again but time will tell. Everyone should just be careful with his/her hard earned money. Too many Pharaoh in the wilderness. Just an opinion...

Lol you wan enter ya dollar business again
Remember to carry ya partner Peter along

Therefore is kingdom of heaven likened unto ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/19#72921155

Yayira:


They are coming back..the foreign guy..

I think, it's wise to bye before they rush buying.

Rumours & Biases
- Any Diamond price action predictions ??

NIGERIA STOCK MARKET GENERAL COMMENT/MSCI NIGERIA PORTFOLIO MOVEMENT - AS AT 13 NOVEMBER 2018

MSCI Nigeria portfolio, no movement. I am sure that Nigeria equities will be tactically avoided for now due to the uncertainty in the market (diamond bank, politics etc).

For today expected High is 32,200.37 low at 32,104.80

Market still saying “stay out for now danger in the market”. I cannot fight the market. Still at the sideline, but continue to fine tune my strategies.

In view of the fact that some additional information on our postings will now be added, you can check our twitter handle “Target Technical Analysis”.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B


1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero. This is an equity fund investing in the Nigeria market.

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified.

fxuser:
Rumours & Biases
- Any Diamond price action predictions ??

...it is not "smilling" for Diamond Bank presently as yesterday fall erases last 3 days rally. If the sell of continued, then critical price level to watch will be at 1.09 - 1.13. Any rejection candle could indicates a reversal (but FA will never concur to this! uuhmmm )

fxuser:
Rumours & Biases
- Any Diamond price action predictions ??

DIEMOND bank again?...

I am waiting below N80K.....


https://www.proshareng.com/news/STOCK%20&%20ANALYST%20UPDATES/Why-Diamond-Bank-Opted-For-A-CBN-Managed-Acquisition-By-Access-Bank-Over-The-Carlyle-Group/42680

DeRuggedProf:
Any bank that buys Diamond should be treated as a patient who mistakenly took a heavily poisoned pill. It will have to be in ICU for a while...
The acquiring bank will then discover how much damage the internal organs withstood without abandoning post. Next will be rights issues..

Haaa

BullBearMkt:

...it is not "smilling" for Diamond Bank presently as yesterday fall erases last 3 days rally. If the sell of continued, then critical price level to watch will be at 1.09 - 1.13. Any rejection candle could indicates a reversal (but FA will never concur to this! uuhmmm )

i like that black line !