₦airaland Forum

ihedioramma:
thank's but why is the stock one place as 22 of last?

Because NSE changed the name to TIGER BRANDS. So the stock stopped trading under the DANGFLOUR name.

zendi:
I don't think it matters much to the market how long it will take tiger to return to profit.
The driver of this scramble is the name 'Dangote'. That Dangote is re-entering big.
That since Dangote is fully back on board, the plane can no longer crash. May trend to 3.

Amen...

Manonamission:
It should be filled now Someone don dump finish

Yeah. Who is this? May be he knows something we don't...

Born2berich:
When i read the write up i almost cried...This is the perfect opportunity given to make good cash this xmas period..You think say dangote isnt smart? Sharp people with info at their tips will make good cash this season....As for LUR, I dont know what pushed Law union upwards..any info on it?

I don see wahala and abracadabra on Dangote Flour today oo. At about 10:15am the maximum price was put at N1.20. When I cheched a little after 10:30am the maximum price has been moved to N1.26. I had to reissue my order at N1.26. At the time there were about only 17m bids. Now 30m shares have been sold and my bid is yet to be filled. The thing don tire me.

currentprice:
Dangote eeenh,,,,,,, buying back a stake tigerbrand paid $200m 3 years ago for $1

It does not mean he bought it at $1. It means he bought it either at par value or at current book value, or some arrangement which allows the owners to walk away.

angelo82:
Market dynamic was better before Buhari............Most people here can testify to that...............But things may change under him for better by next year................

Sir, what is your definition of " market dynamic?"

bigass:
Buhari did not alone kill NSE, Corruption in previous government also killed it.

This country is beyond remedy.

Canada Australia Here i come

The police will shot you there just for being black. Better to stay here and invest in their markets from here.

mercylicious:
I just dey vex.

Buhari has killed NSE.
7 wasted months!

The ASI lost 44% in 2014 without Buhari.

Born2berich:
GTB was actually fastest fingers..Those that put their mandate on time were able to buy

Got some Gtb yesterday, wish I jumped in more then. But why did they cap it so low at 18.59 today?

bigass:
The award for the trap finder goes to.....

Madam, at times like this I would rather you enrich us with guidance from your vast experience, which I benefited from in the past, rather than these one-liners.

ihedioramma:
know sir.

Bros. It is easier to write "No" when you mean "No" than to write "Know".

Raider76:
Jumped in at 13.28 with a little bit. Hoping to get it lower.

Doesn't look likely. We are going back up..

myjoy084:
Thank you Zenith. At least one can grab some popcorn now

Jumped in at 13.28 with a little bit. Hoping to get it lower.

ogoo4real:
What's happening to Zenith and Gtb?

Foreigners exiting most likely.....

locodemy:
Imagine stocks like zenith bank to be on fuuuuuul offer even to closing meaning the losses continues tomorrow.All is not well o.This thing is heavily affecting the rich kwa.Except fuel scarcity,poor people dont know what economy means.infact they are the ones surviving now...........traders and farmers.stock brokers,bankers,civil servants are finding it difficult but those that has part time biz has no problem to this.

As an igbo man,i think biz is good as long as life is concern.school good kwa but

I think in Zenith case must be some big investors exiting. May be end of year account closing or foreign investors leaving. In anyway it is good for us locals. If I can get Gtb below N15 my 100% gain sometime in 2016 is assured.

stokfrick:
Its so annoying and unfortunate that the natural interplay b/w demand and supply is not allowed to determine price on the NSE. How would u explain d fact DAT a stock which opened at 6.10, was bid up to 6.20, was last bought at 6.20 and was supposed to close at that price, instead of allowing it to close normally, the useless market makers for no reason brought it back to 6.10. I repeat, NSE is not ripe for genuine market making and as such the day it was introduced was the day NSE was killed. That's why u can hardly find any growth stocks on the NSE. Gone are those days when you could do so!

Do you know how many units were sold at 6.20? May be they are not up to 50k. Also you need to check the price of the very last trade done on the stock and the number of units.

Raider76:
Zenith Bank??

Now Zenith is on full offer of 22m. Looks like what happened to FBNH is coming to Zenith....

Zenith Bank??

http://thenationonlineng.net/mtef-fec-approves-n6tr-expenditure-for-2016/

Is this what caused Dangcem to gain N10 at the close of market today and help the ASI to gain +0.7%?

locodemy:
it is like Oando's AGM holding today will have a positive impact in their share price.The stock traded as low as #5.70 and suddenly reversed.Lets watch the stock from tomorrow and see how it goes........

Wetin go happen at the AGM? No bi to approve capital raising? Why should that change things. Beta be careful. Dem go pull people in and dump on them again.

Elai147:
Hmmmmm, the huge offer for FBNH don suddenly disappear today

The offers will return when the price goes back to N5.00

Will really be crazy if Unity Bank goes back to 50 kobo. Currently 74 Kobo!

lancee:
Be like say Access don dey waka ..solo

Edon pass elephant piyamm...

myjoy084:
Sir, they might have turn their back on him but they should realize that "One can't build a house on a foundation that had already rotten and tarnished in terms of the materials used"! This is applicable to Nigeria at the moment. There's a strong possibility that things will turn around for best as we approach 2016 by his grace. Remember, in business there is no permanent enemy but permanent interest! They are coming back for sure...

I think angelo has other convictions behind his strong words against PMB government. Such convictions are not subject to reasoning and are not easily changeable.

That match between the lazy Elephant and ACCESS is TIED!

sirflav:
SIRs in the house if there is a sudden bull for UBA like there was in August at what price will you be selling will it be the same 4.50?
My Ogas your advice is needed urgently

myjoy, mercilicious, Elai147, chibuking81 and gbola4rel and manonamission

I lost so much money setting price targets and waiting for them to be attained. And at least this year I learn not to wait for anticipated bulls...

mercylicious:
I can't believe am on 17% paper profit on a stock but can't sell.
Morgan, una see wetin una do me today?

Pele. Same here. If Morgan was online at the start of market I would have celebrated with goat meat pepper soup.

Chibuking81:
A lot of people want to offload their FBNH, but nobody to help. By tomorrow the price will come down to 4.98.

I observe that most of the offers are at higher prices. This may mean that people who want to take profits do not want to miss the chance when it get to their target prices by booking the trade early. Unfortunately this may make their target prices unattainable.

myjoy084:
I think banking stocks with strong and undiluted fundamentals is where to be right now. In all, there are many things to be hopeful for in these (NSE) market and concerning our economy as a whole. Let those Nigerian/foreign analysts/journalist keep bringing it on...

Are you concerned about the likely effect of the reduced MPR on banks' profits? Some are saying it does not favor the banks, but may favor the industrial stocks that are the borrowers. That is why Dangcem reacted positively yesterday, and why GTB and Zenith are mainly negative. And as you know the CRR reduction will only benefit banks that give loans to certain sectors. So the money may not be available immediately. I know these are analysts at it again, but one has to keep an ear to them.

myjoy084:
Sir, i understand your points but how many banks do we have in Nigeria that are functioning presently? If the article or the writer's claim to what was writtenwas true, so the likes of Zenith, GTbank, Access, etc. are in distress then lol. I can't stop laughing with Nigerians reporter/journalist! Too much over-sabi...lol

I think the mistake, which the CBN Gov. also tried to correct, is that reporters report stress tests as showing that a bank which fails the test is already under stress. The test is theoretical. It subjects the banks to some extreme conditions and see how they will fair under those conditions. It doesn't mean a bank is currently under stress. So the caption used by Sahara Reporters clearly gives the wrong impression.

I saw the following on SMN. Sahara Reporters don expose what CBN has been hiding...

http://saharareporters.com/2015/11/26/skye-bank-tops-nine-nigerian-commercial-banks-experiencing-stress

ihedioramma:
OANDO chibuking81 #0.15 kobo profit today now #6 let's see how it ends this week #6+ or #4 .

I have a feeling that N6.00 will be the support and resistance level, and it may be the rights issue price. But Mr. market will decide, so don't act on this speculation.