jamace:
Are you sure FTNCocoa is not being witch-haunted? How come it is happening now that FTNCocoa is shining? I fear economic politics o.

Lol. One of the reasons you don't have to relent in prayers.
Why NSE sometimes decide to act anyhow is what I don't understand. Why didn't they pre-inform the public?

Mcy56:

Lol. One of the reasons you don't have to relent in prayers.
Why NSE sometimes decide to act anyhow is what I don't understand. Why didn't they pre-inform the public?

GTB: Still standing strong......
Access Bank is distorting UBA's price mvmt....
Zenith: The zig-zag mvmt is not unusual, not new.

UPL: This stock is mostly for long termers. Very good dividend payout but volume is the issue, also highly illiquid.....buying/selling high volumes could be tasking.......just my opinion.

BREAKING: NSE Suspends Trading in Shares of Six Firms
https://businesspost.ng/economy/breaking-nse-suspends-trading-in-shares-of-six-firms/

Ecobank Slashes Monthly International Spending Limit to $20
https://businesspost.ng/banking/ecobank-slashes-monthly-international-spending-limit-to-20/

Equity Prices of LASACO Assurance, Tripple Gee Adjusted by NSE
https://businesspost.ng/economy/equity-prices-of-lasaco-assurance-tripple-gee-adjusted-by-nse/

Access Bank Extinguishes Data Breach Rumour
https://businesspost.ng/banking/access-bank-extinguishes-data-breach-rumour/

Nigerian Stock Exchange Fines 11 Companies N48m for Infractions
https://businesspost.ng/economy/nigerian-stock-exchange-fines-11-companies-n48m-for-infractions/

Cornerstone Insurance Shareholders Approve Bonus Issue
https://businesspost.ng/economy/cornerstone-insurance-shareholders-approve-bonus-issue/

NASD OTC Exchange Opens Week in Flat Terrain
https://businesspost.ng/economy/nasd-otc-exchange-opens-week-in-flat-terrain/

Energy, Industrial Goods Stocks Raise Market Value by N9bn
https://businesspost.ng/economy/energy-industrial-goods-stocks-raise-market-value-by-n9bn/

Verve Customers to Get N27m in ‘Good Life’ Promo
https://businesspost.ng/technology/verve-customers-to-get-n27m-in-good-life-promo/

Panic Grips Forex Speculators as Naira Gains at Black Market
https://businesspost.ng/economy/panic-grips-forex-speculators-as-naira-gains-at-black-market/

dipoolowoo:
BREAKING: NSE Suspends Trading in Shares of Six Firms
https://businesspost.ng/economy/breaking-nse-suspends-trading-in-shares-of-six-firms/

jamace:
Are you sure FTNCocoa is not being witch-haunted? How come it is happening now that FTNCocoa is shining?

See what happened to Ftncocoa.
Suspended before issuing a notice. Village pple at work .....

Zagee:
Hahaha.. currently riding the tesla split waves for some quick gains oh!!
Will book my e-flight back to Nigeria ahead of October market

Lol. Wish you good luck!

zionaigbokhan:
What is happening to FtnCocoa?

It will be the new Okomu or Presco

Somebody is calling NSE burial ground while i bought GTbank at N18. check am na... grabs a bottle of sobo... see you in November

GTbank making us proud since 1960

Banking stocks' regulatory approval pala.ver..........maybe CBN is anti-minority shareholders welfare.
Banks who submitted earlier should be getting close by now anyway.......

Mcy56:
GTB: Still standing strong......
Access Bank is distorting UBA's price mvmt....
Zenith: The zig-zag mvmt is not unusual, not new.

UPL: This stock is mostly for long termers. Very good dividend payout but volume is the issue, also highly illiquid.....buying/selling high volumes could be tasking.......just my opinion.

Am sure when GT touch 26, we will see some movement in zenith.

Mcy56:


See what happened to Ftncocoa.
Suspended before issuing a notice. Village pple at work .....

Dont mind them.

USD now N430

BARGAIN HUNTERS TAKE NOTE!

Mcy56:

FCMB's MM seems determined to keep the stock price going.....considering the type of bids at N2 region....... but why not key-in before it gets to N2?
Don't you think jumping in now is more of a risk?
I can remember that the same FCMB was highly emphasized here when it was around 1.50/1.55.
Anyway, one thing is that Mr. Market has a mind of its own......but I'll say, wait for some pullback cos it seems it's the MM that keeps pushing the price now. My ogas may have different opinion.
Maybe you should keep eye on Fidelity movement instead.......

am in the Bus already... just want to know if I can jump out n wait for pullback?

Zoom video currently on 41% gain today. There is money in NYSE!

Ibrahim505:
Zoom video currently on 41% gain today. There is money in NYSE!

I think there is a thread for this

emmanuelewumi:

I think there is a thread for this

OK

i just saw this, tesla drop from over $2250 to $450. Is this possible?

UAC Nigeria Transfers 946.6 million Shares to Custodian Investment
https://businesspost.ng/economy/uac-nigeria-transfers-946-6-million-shares-to-custodian-investment/

CBN Chops Interest Rate on Savings Deposit to 1.25%
https://businesspost.ng/banking/cbn-chops-interest-rate-on-savings-deposit-to-1-25/

longlife20:
i just saw this, tesla drop from over $2250 to $450. Is this possible?

There was stock split for Tesla & appl stocks effective yesterday.

http://www.nse.com.ng/Financial_NewsDocs/31349_U_B_A_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2020_FI.pdf

BullBearMkt:

There was stock split for Tesla & appl stocks effective yesterday.

ok thanks, I was surprised when i saw massive drop

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/31349_U_B_A_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2020_FI.pdf

Why u come dey post H1 instead of Q3 naw?
I believe Q3 will come in good though.

To whom it may concern.

The management of the Nigerian Stock Exchange (NSE) has suspended trading in the shares of six companies listed on its trading platform.

As a result of this action, shareholders of the affected firms will not be able to trade the stocks of the companies at the exchange until the embargo is lifted by the NSE.

A notice to stockbrokers on Tuesday, September 1, 2020, explained that the organisations were suspended from trading their equities on the exchange because they failed to adhere to the listing rules.

Business Post gathered that the affected companies are FTN Cocoa Processors, Medview Airline, Niger Insurance, R.T. Briscoe (Nigeria), Union Dicon Salt and Capital Oil.

onegentleguy:
Why u come dey post H1 instead of Q3 naw?
I believe Q3 will come in good though.

Boss are you talking about UBA?
Q2 is what we're expecting and it's out with 0.17kobo proposed interim dividend.

Mfunkynation:
am in the Bus already... just want to know if I can jump out n wait for pullback?

Okay. We don't know what FCMB is coming with in their Q2 result.
If you've made considerable profit you may sell and wait for pullback..........it's just my opinion but just follow your instinct anyway.

Mcy56:

Okay. We don't know what FCMB is coming with in their Q2 result.
If you've made considerable profit you may sell and wait for pullback..........it's just my opinion but just follow your instinct anyway.

FCMB q2 has being released since naa.

Mcy56:

Boss are you talking about UBA?
Q2 is what we're expecting and it's out with 0.17kobo proposed interim dividend.

Hmm UBA result not too impressive oh. PAT fell. Hope Access won't do worse after bearing the stamp duty charges of their customers.

Mcy56:

Boss are you talking about UBA?
Q2 is what we're expecting and it's out with 0.17kobo proposed interim dividend.

Sorry dear,
I forgot that its half yr reports that we are expecting.
3k drop in interim divided compared to previous yr distribution.
Looking at the report, we might as well pass some of the blame on covid-19 !! Apparently, the bank had to make donations in that line as part of its CSR.
That donation of over N4.7B was indeed one of the key contributors to the higher expense line(other OPEX in view) ...the other was the surge in remittance for contract services by over N4.8B YoY.
Those 2, together with the mark-up on impaired assets and higher admin expense, explains the ~21.7% drop in NET MARGIN despite increased NII and NFCI.
Good that NIM retains a positive track though.

Drawback? Yes, but earnings trajectory remains stable.

UBA still remains UNDERVALUED at the current mkt price.

Selah

onegentleguy:


Sorry dear,
I forgot that its half yr reports that we are expecting.
3k drop in interim divided compared to previous yr distribution.
Looking at the report, we might as well pass some of the blame on covid-19 !! Apparently, the bank had to make donations in that line as part of its CSR.
That donation of over N4.7B was indeed one of the key contributors to the higher expense line(other OPEX in view) ...the other was the surge in remittance for contract services by over N4.8B YoY.
Those 2, together with the mark-up on impaired assets and higher admin expense, explains the ~21.7% drop in NET MARGIN despite increased NII and NFCI.
Good that NIM retains a positive track though.

Drawback? Yes, but earnings trajectory remains stable.

UBA still remains UNDERVALUED at the current mkt price.

Selah

Thanks OGG for always taking time to put things through. God Bless you Sir

onegentleguy:


Sorry dear,
I forgot that its half yr reports that we are expecting.
3k drop in interim divided compared to previous yr distribution.
Looking at the report, we might as well pass some of the blame on covid-19 !! Apparently, the bank had to make donations in that line as part of its CSR.
That donation of over N4.7B was indeed one of the key contributors to the higher expense line(other OPEX in view) ...the other was the surge in remittance for contract services by over N4.8B YoY.
Those 2, together with the mark-up on impaired assets and higher admin expense, explains the ~21.7% drop in NET MARGIN despite increased NII and NFCI.
Good that NIM retains a positive track though.

Drawback? Yes, but earnings trajectory remains stable.

UBA still remains UNDERVALUED at the current mkt price.

Selah

Thank you Sir

But let's punish UBA small for not given us our 20k or increase it to 25k self..

....don't we need donations to ourselves as shareholders in this pandemic too?

Hoping UBA will come down to sub-N6 self

What's the Qualification Date please?

Mcy56:

Boss are you talking about UBA?
Q2 is what we're expecting and it's out with 0.17kobo proposed interim dividend.

EchoLima262:
What's the Qualification Date please?

15TH SEPT, 2020