I just "keyed" in. Just wanted to be sure there was no negative news driving the price down. Thanks for your timely response, boss!

DeRuggedProf:


Massive shakeout.....
The most perfect buying opportunity. You will not see this after today, the eagle is just shaking off the dust, meet it in the skies after today...

RabbiDoracle:


Grab as many as you can for bank stocks. They are lowering to bid up soon.

https://www.vanguardngr.com/2019/12/breaking-cbn-slashes-electronic-transfer-atm-withdrawal-charges/amp/

https://punchng.com/cbn-slashes-banks-atm-withdrawal-fee-to-n35/amp/

With the new CBN slashing of bank charges we don't need any Sooth Sayer to tell us that banks are in for a TOUGH 2020.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Does this imply stay away from banks or accumulate more, sir?

PETERiCHY:


https://www.vanguardngr.com/2019/12/breaking-cbn-slashes-electronic-transfer-atm-withdrawal-charges/amp/

https://punchng.com/cbn-slashes-banks-atm-withdrawal-fee-to-n35/amp/

With the new CBN slashing of bank charges we don't need any Sooth Sayer to tell us that banks are in for a TOUGH 2020.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

http://www.nse.com.ng/Financial_NewsDocs/28465_MOBIL_OIL_NIG_PLC._CORPORATE_ACTIONS_DECEMBER_2019.pdf

When a petroleum product marketer decides to become a hotelier, you go know say country don hard well well.

LOL.

seyisanya:
Any news about ETI? What's going on? Now down by a whopping 60k...

There are reports flying around that the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, is battling to save his head and protect image of the financial institution because of an alleged fraud running into N800 million and other cases.

Ecobank Nigeria was accused of defrauding the Nasarawa State government over N800 million in unremitted tax and 10 percent withholding tax on credit interest monies.

https://businesspost.ng/banking/cbn-efcc-to-invite-ecobank-nigeria-md-over-n800m-fraud/

mendes911:

http://www.nse.com.ng/Financial_NewsDocs/28465_MOBIL_OIL_NIG_PLC._CORPORATE_ACTIONS_DECEMBER_2019.pdf

When a petroleum product marketer decides to become a hotelier, you go know say country don hard well well.

LOL.

Soon banks will be acquiring betting shops....

Thanks, boss. We keep monitoring the market and see how far this news will affect its share price. Once again, thanks for your response.

PETERiCHY:



There are reports flying around that the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, is battling to save his head and protect image of the financial institution because of an alleged fraud running into N800 million and other cases.

Ecobank Nigeria was accused of defrauding the Nasarawa State government over N800 million in unremitted tax and 10 percent withholding tax on credit interest monies.

https://businesspost.ng/banking/cbn-efcc-to-invite-ecobank-nigeria-md-over-n800m-fraud/

PETERiCHY:


https://www.vanguardngr.com/2019/12/breaking-cbn-slashes-electronic-transfer-atm-withdrawal-charges/amp/

https://punchng.com/cbn-slashes-banks-atm-withdrawal-fee-to-n35/amp/

With the new CBN slashing of bank charges we don't need any Sooth Sayer to tell us that banks are in for a TOUGH 2020.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Na today!

As NPLs didn't crush banks, nothing will crush them. They will always survive. Banks are very resilient now.

mendes911:

http://www.nse.com.ng/Financial_NewsDocs/28465_MOBIL_OIL_NIG_PLC._CORPORATE_ACTIONS_DECEMBER_2019.pdf

When a petroleum product marketer decides to become a hotelier, you go know say country don hard well well.

LOL.

Soon the company will bge changed to a Group.

11 Group Plc. Because they have started adding other businesses into the main business (of petroleum products trading)

PETERiCHY:



There are reports flying around that the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, is battling to save his head and protect image of the financial institution because of an alleged fraud running into N800 million and other cases.

Ecobank Nigeria was accused of defrauding the Nasarawa State government over N800 million in unremitted tax and 10 percent withholding tax on credit interest monies.

https://businesspost.ng/banking/cbn-efcc-to-invite-ecobank-nigeria-md-over-n800m-fraud/

Ordinary N800m? This isn't large to cause a scare na.

It is the accused that will go and answer for his deeds.

The stock can just touch 5.8 afterwhich it should fly IMO.

seyisanya:
Does this imply stay away from banks or accumulate more, sir?

According to the gospel of emmanuelewumi, Nigerian banks have perfected the act of making money in the Nigerian market both in good times and in bad times. Therefore my brother Accumulate more.......

DeRuggedProf:


Massive shakeout.....
The most perfect buying opportunity. You will not see this after today, the eagle is just shaking off the dust, meet it in the skies after today...
Better thank God and pick ALL the units you can pick here today before COM.

If the banks form a new lower low today, it's likely to shed again by tomorrow. so if you miss today, tomorrow still dey.

arduino:


According to the gospel of emmanuelewumi, Nigerian banks have perfected the act of making money in the Nigerian market both in good times and in bad times. Therefore my brother Accumulate more.......

At the right price

locodemy:


Oga m......Happy Xmas.Una still dey buy stocks on this euphoria?

We dey village now dey catch fun with palm wine and roasted Antelope.

Make una remain for me some stocks we I go buy after Xmas/new year.

planting season still continues.

Enjoy your Christmas.

nna777:


If the banks form a new lower low today, it's likely to shed again by tomorrow. so if you miss today, tomorrow still dey.

Market will keep shaking people off. Banks will gradually be inching higher after shake off.

arduino:


According to the gospel of emmanuelewumi, Nigerian banks have perfected the act of making money in the Nigerian market both in good times and in bad times. Therefore my brother Accumulate more.......

I am sure you never pay tuition fees before.
There are uncertainties in 2020.Be very careful of the unknown.

emmanuelewumi:



At the right price

Definitely

emmanuelewumi:



At the right price

i sent u a PM sir

locodemy:


I am sure you never pay tuition fees before.
There are uncertainties in 2020.Be very careful of the unknown.

I don pay tire o... Have learnt my lessons from 2008/9 experiences.

locodemy:


I am sure you never pay tuition fees before.
There are uncertainties in 2020.Be very careful of the unknown.

Uncertainty about capital appreciation or about the profitability of the banks?

emmanuelewumi:


Uncertainty about capital appreciation or about the profitability of the banks?

Profitability prior to capital appreciation.
Banks results in Q1 and 2 of 2020 will either be flat or losses.

Maybe things will change from Q3 if favourable policies apply.....

Please be informed that Market will close for trading at 12.30pm on 24th and 31st December, 2019 in respect of the Christmas and New Year holidays respectively. While thanking you for your various contributions to the growth of our market in 2019, we wish you a merry Christmas and a Prosperous New Year.

Dangcem is looking like a falling knife!
Big cap players be careful.

OakPearl:
Dangcem is looking like a falling knife!
Big cap players be careful.

MTN more like

fxuser:


MTN more like

Exactly bro.

Every Trader / investor 4 fears he must face by Mark Douglas

1) Fear of Missing Out
2) Fear of Loss
3) Fear of Being Wrong
4) Fear of Letting a Win Turn into a Loss ''

- TradingInThe Zone
#VeryGoodRead�

Mobil Acquires Lagos Continental Hotel from AMCON
https://businesspost.ng/travel/mobil-acquires-lagos-continental-hotel-from-amcon/

Sovereign Trust Insurance Lists Fresh 4.17 billion Shares
https://businesspost.ng/economy/sovereign-trust-insurance-lists-fresh-4-17-billion-shares/

It cannot be Mobil again. They have changed their name to double 11 plc. The owners of NIPCO bought controlling shares in Mobil Plc when Mobil Nigeria Plc parent company divested back then. The company holds quite a number of properties it acquired during the purchase and if they have decided to acquire more properties to diversify the revenue base of the company. That is a good move.

dipoolowoo:
Mobil Acquires Lagos Continental Hotel from AMCON
https://businesspost.ng/travel/mobil-acquires-lagos-continental-hotel-from-amcon/

Sovereign Trust Insurance Lists Fresh 4.17 billion Shares
https://businesspost.ng/economy/sovereign-trust-insurance-lists-fresh-4-17-billion-shares/

Do markets in advanced economies close like this?

Intendy:
Please be informed that Market will close for trading at 12.30pm on 24th and 31st December, 2019 in respect of the Christmas and New Year holidays respectively. While thanking you for your various contributions to the growth of our market in 2019, we wish you a merry Christmas and a Prosperous New Year.

Like all my Ogas have said, Banks in Nigeria have perfected ways of making money. Attention should be more on the Big ones.

locodemy:


Profitability prior to capital appreciation.
Banks results in Q1 and 2 of 2020 will either be flat or losses.

Maybe things will change from Q3 if favourable policies apply.....

Well captured.

arduino:


According to the gospel of emmanuelewumi, Nigerian banks have perfected the act of making money in the Nigerian market both in good times and in bad times. Therefore my brother Accumulate more.......

PETERiCHY:


When MTN finally come on board I will careful monitor their share price for 6months and if I'm convinced by year end i will liquidate ALL my investments in the MONEY MARKET and move into it.

We all know TELECOMS still have a very long way to go but I dey fear Nigeria MAGO MAGO

The above post was my humble submission on MTN when they were about doing their MAGO MAGO listing this year.

Now 6months down the lane it has drop from N160 to N105

Well me and my household still patiently waiting @sub N90.

BARGAIN HUNTERS TAKE NOTE!

*The OcToPuS*