₦airaland Forum

http://www.nse.com.ng/Financial_NewsDocs/28896_WEMA_BANK_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Wema Holding Company....

Agbalowomeri:
Eeewoooooo
Brent at 56

Brent @57.64

These coys surprised us with early results this year.
Thought the unaudited is withing 60 days, which should be around Feb ending and Audited around March ending?
The bad ones are just using reggae to spoil our blues.

thebargainhunte:
Brent @57.64

My ogas were just making the situation looks like the wall of Customs street wants to fall down.
Las las na all of us go dey alright.

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/28896_WEMA_BANK_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Wema Holding Company....

This Oga is a v badt guy! Na Premier Lotto Holding Company

Anyway, relatively, a brilliant performance in all metrics for Wema! Their ALAT platform is seriously accreting, volume wise

Marlianvestor:
This Oga is a v badt guy! Na Premier Lotto Holding Company

Anyway, relatively, a brilliant performance in all metrics for Wema! Their ALAT platform is seriously accreting, volume wise

I dey suspect this guy!too much accreting.

mendes911:
Some people planned to ejaculate before release of result in 2 months time only for results to start dropping fast this month. This business eehhhh.
Even Mcy56 failed to provide live commentary today. It is well.

Chai! I wasnt expecting them all to be rushing to release result by January ending like this.

Live commentary? Boss, so I should come and go and be giving live commentary of Red floor bah.

DeRuggedProf:
Do you have reading glasses? Get popcorn ready....

LMAO
Prof, no come and woundjure me here o.

Transcorp. Na wa o. Govt is not helping their ministry at all.

.........but my ogas, you're not even dissecting these results for us like you used to do.
Detail analysis will be appreciated. If analyzed, it may eventually not be that bad as we think, I mean for all the results..........my opinion.

FCMB seems to the bank that improved the most in terms of bottom line. Let's how the market responds to this.

FCMB
http://www.nse.com.ng/Financial_NewsDocs/28848_FIRST_CITY_MONUMENT_BANK_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

FCMB tried small

Mcy56:
My ogas were just making the situation looks like the wall of Customs street wants to fall down.
Las las na all of us go dey alright.

One needs not to fear if you are with dividend paying stocks. Most people here have perfected d art of jijo. Dem wan create panic sell, make dem buy double bottom.I no go sell give una, go and find next person.

thebargainhunte:
One needs not to fear if you are with dividend paying stocks. Most people here have perfected d art of jijo. Dem wan create panic sell, make dem buy double bottom.I no go sell give una, go and find next person.

Yes. That's what my ogas used to empasize too..........dividend paying stocks. If it fall it will rise again.
Once they start announcing dividends, there'll likely be stability at least.
Na jijo dey some people's mind. Oga Mendes I no mention name ooo.

PharmAlfred:
FCMB seems to the bank that improved the most in terms of bottom line. Let's how the market responds to this.

Is fidelity out?

locodemy:
Is fidelity out?

Not yet.

Some people will not sleep this night.
Some are praying for 10 a.m tomorrow to come now.

People with cash are just sharpening their knives for a great cut.

Mcy56:
Not yet.

They better delay theirs and release audited one later.

Market will not smile on stocks tomorrow.Even fcmb will not be spared.

Mcy56:
Transcorp. Na wa o. Govt is not helping their ministry at all.

.........but my ogas, you're not even dissecting these results for us like you used to do.
Detail analysis will be appreciated. If analyzed, it may eventually not be that bad as we think, I mean for all the results..........my opinion.

Your oga's wey onifa don locked up and carry key comot.

I just escape narrowly after I got a message on coronavirus attack in China.

Mcy56:
Yes. That's what my ogas used to empasize too..........dividend paying stocks. If it fall it will rise again.
Once they start announcing dividends, there'll likely be stability at least.
Na jijo dey some people's mind. Oga Mendes I no mention name ooo.

What if FPI's decides to start buying tomorrow? Stocks will just fire up.

Bottom line, none of us here and Nigeria as a whole is in control of our stock market. We are at the mercy of these foreign big shots.

I have always known that FPI's play important role and twice they have proven to me that they are more than important.

I got very bad signals after JB released their results and an entity kept selling, sold over 11m units. Similar thing happened last year and also in 1973. I quickly closed shop. Traders could have read meaning into that activity and quickly take a decision across other stocks.

In summary, FPI's will dictate how the market will flow going forward, we are all gamblers and noise makers here.

locodemy:
Is fidelity out?

Not out yet. I am talking in terms of the results available.

"We save the BEST for LAST"

*ThE OcToPuS*

Mpeace:
I was expecting over 10billion loss from this company, but they only did 9billion loss. Kudos to them.

Respect.
Your projection on this stock was accurate.

http://www.nse.com.ng/Financial_NewsDocs/28921_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Wonderful result. Like a thief in the night.

Over to Mr. Market.

My advice to any newbie wey no too get money ( e.g. u get less than 1 milli in NSE) be say get out of any stock you're in today. When PFI or asset managers decide to exit a stock, there's nothing u can do, the price will continue to drop. Don't average down, u lose more that way. If you've lost 25%, cash out and move on. If u don't, and the market keeps falling, you'll lose more than 25% in 1 week. Wait until people here start to say the market is on the move, then jump on the elevator that is going up. Start to learn stock market charts and how to interpret balance sheet. Know monikers on this thread to follow, they give hints subtly. Charts are very important. Pay attention to what the chartists here say. But when the market is going down, please get out, you're NOT a Nigerian politician. Forget all that resistance or support level for now.

owoblow77:
My advice to any newbie wey no too get money ( e.g. u get less than 1 milli in NSE) be say get out of any stock you're in today. When PFI or asset managers decide to exit a stock, there's nothing u can do, the price will continue to drop. Don't average down, u lose more that way. If you've lost 25%, cash out and move on. If u don't, and the market keeps falling, you'll lose more than 25% in 1 week. Wait until people here start to say the market is on the move, then jump on the elevator that is going up. Start to learn stock market charts and how to interpret balance sheet. Know monikers on this thread to follow, they give hints subtly. Charts are very important. Pay attention to what the chartists here say. But when the market is going down, please get out, you're NOT a Nigerian politician. Forget all that resistance or support level for now.

Seriously, sir? I guess the best advice is for newbies like me to set their objectives and follow their plan. All chartists, except one, here saw uptrend throughout the month. So ayam not understanding sir.

seyisanya:
Seriously, sir? I guess the best advice is for newbies like me to set their objectives and follow their plan. All chartists, except one, here saw uptrend throughout the month. So ayam not understanding sir.

U've not been paying attention to details. Ifà first predicted a downtrend. A few days ago, Agba started saying "wait o, e be like say I dey see something like a downtrend", then he was no longer commenting like b4, that #20 for UACN is for quarter 2. Fxuser came begin dey mention say u fit they see pullbacks. Yok come dey talk no worry, dem never breach 28000 . Now couple this with the ASI which started to weaken. Finally Morgan come send report wey show say FPI dey exit, net net. Day 1 be suspicious, Day 2 of trading should confirm your suspicions, Day 3 execute your decision.

owoblow77:
My advice to any newbie wey no too get money ( e.g. u get less than 1 milli in NSE) be say get out of any stock you're in today. When PFI or asset managers decide to exit a stock, there's nothing u can do, the price will continue to drop. Don't average down, u lose more that way. If you've lost 25%, cash out and move on. If u don't, and the market keeps falling, you'll lose more than 25% in 1 week. Wait until people here start to say the market is on the move, then jump on the elevator that is going up. Start to learn stock market charts and how to interpret balance sheet. Know monikers on this thread to follow, they give hints subtly. Charts are very important. Pay attention to what the chartists here say. But when the market is going down, please get out, you're NOT a Nigerian politician. Forget all that resistance or support level for now.

The fear of corona virus is the beginning of wisdom. That was the cause of all these unwarranted sell couple with increase in TB. Most chartist bailed out this week, so don't tell me that they saw all these coming. If u sell today, is it nt going to be somebody that will buy it? Everybody can't be right at the same time and no body can accurately predict the market. We all dance to the tune of the market the way we wish to. Your action depends on ur entry price!

Brent sighted @ km 58+
China might get the cure sooner than expected and they wouldn't announce it to the general public.

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/28921_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Wonderful result. Like a thief in the night.

Over to Mr. Market.

Let's watch and see how their this year dividend will look like. If they keep on been stingy, people will not come near them again, look at Afriprudent always at #4+ because they pay above 50% of their earning as dividend, also UCAP. But fidelity find it difficult to pay 15%.

APR pay above 50% of their earning, then tell me why one will not be happy to buy APR above #4. But those who retain larger percentage of 85%/90% of their earning and pay only 10%, will one day record a huge loss as a result of bad debt, and will write it off. Then all the accumulated earning will be reduced and they will start building up again.
I prefer seen and benefiting from my earning than watching it write off in the name of bad debt.

If Fidelity appreciate more due to this their result, I will likely sell all my holding in Fidelity and Chanel it to Zenith, UBA and GTB bank for better dividend payment. Then I will enter Fidelity back later in the year for capital appreciation when their price will return back to below #2. Fidelity do well in capital appreciation, but very poor in payment of dividend.