₦airaland Forum

OBAGADAFFI:
http://www.nse.com.ng/Financial_NewsDocs/11170_ETI_PLC_2015_Q3_FINANCIALS_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf

These banks are just turning out huge impairment figures. N35billion for ETI? Yet they are able to record N60billion profit as at Q3. Where are they getting the profit from then? Imagine if they are not carrying this heavy impairment burden.

PETERiCHY:
http://www.cnbcafrica.com/video/?bctid=4578354041001



OANDO FY LOSS SHOCK MARKET
Mon, 26 Oct 2015 08:11:23 GMT
Oil and Gas player Oando shocked the market on Friday when it reported one of the largest full year losses recorded by an NSE listed company, adding up to over a billion US dollars. The diversified energy group reported a full year loss after tax of 183 billion naira and a subsequent half year loss of 35 billion naira. CNBC Africa's Wole Famurewa, Didi Akinyelure and Temilade Esho, Equity analyst, Renaissance Capital, analyse what went wrong with Oando.

Whenever i see your post, i expect either of two issues: Oil Price or Naira Devaluation. Kilode

Krisuba:
Please how about UBA? Is it falling.na govment money them declare as profit. Naija!!++

It is o. Currently struggling @ 3.98. The Lazy Elephant @ 5.68. The CBN fine isn't doing these guys any good at all. Especially FBNH which has been trending southward lately. Only hope the Q3 figures will be impressive. Otherwise,

Like Oando, like SkyeBank. Full Offer, No single Bid. It is well!

Dozi05:
PLease BnSiTl how does on transfer sales proceeds from a morgan capital account to his bank account

The last time i did that, i sent them an email instruction to transfer the proceeds to a stated bank account. Mind you, they can only credit your bank account when the proceeds clear; that is, on the T+3 days (Transaction Date + 3 days). But if you can't wait till the T+3 days, they can still credit your bank account but you will be charged 2% for uncleared balance withdrawal.

myjoy08:
Zenith result about to hit the market and lift banking stock momentum

No wonder the crazy rally today. Thanks for this info sir. I was about pulling the trigger o . Let me close my bag then and wait.

Pls house, anyone should kindly educate me on how the close price is usually determined.

See the Price List of Zenith stock today as follows:
Company Prev Close Open High Low Close Price
ZENITHBANK 16.81 16.81 16.81 16.81 16.46

I've been wondering how the close price managed to be 16.46 when the Previous Close, Open, High and Low Prices were all 16.81. Is there something more to determining the Close Price?

valacious:
I know a bank that can give you 17%, N5m in 3months.

A DMB? Name that bank please.

RichYoungRuler:
hi, 15% pa for 9months on N5M is less than 750k. Emphasis is on 9months whilst per annum is 12months.

Isn't it subject to WHT? If yes, then it is actually an effective return of 13.5%. Save for diversified income stream and of course a relatively more guaranteed return, I think the JIJO masters can deliver that in less than 2months.

bigjay01:
Yes, MM

Was wondering too! Seeing red everywhere during the trading session only to later find the market closed up by +0.20%.

When Morgan charges just 0.25%? Anyway sha.

angelo82:
Expect FBNH bonus in your CSCS account by October/November............Confirmed...........

Which bonus is this please?

Excellent7:
Don’t be too sure.
Move with caution.
Be mindful there has been recent NSE tradition with rights offers, in which the "market masquerade" tend to pull stock prices below the announced rights prices. If my memory did not fail me Oando, Access, and I think Diamond bank are recent instances.

Why then should one take up the rights since I could use same money to get the stock at cheaper prices? Just wondering anyway.

http://www.thisdaylive.com/articles/shareholders-approve-flour-mills-subsidiaries-merger-with-holdco/220371/

Shareholders Approve Flour Mills’ Subsidiaries Merger with HoldCo

"As a result, the company sought and obtained shareholders’ approval to raise its authorised share capital from its current N2 billion to N2.5billion and to thereafter, subject to regulatory approvals, issue additional shares by way of rights to existing shareholders on the basis of five new ordinary shares for every 12 ordinary shares held at N27.50 per share[i][/i]"

How realistic is the pricing of the rights, considering that the shares currently trade at about N23? Does this indicate that a bull run is imminent on FMN stock to drive the price above N27.50? Otherwise, the rights issue may not be taken up.

bigjay01:
or Jump On

I guess @DONLEKAN meant Jump On , not Jump Out.

DONLEKAN:
Govt has agreed to hike in electricity price "plus including" Transcorp Ughelli Power Company TUPC is set to ramp up power generated from Ughelli Power station to 850MW in early October. I would advice any smart investor to JO NOW!.


http://www.vanguardngr.com/2015/09/electricity-tariff-hike-set-for-october-fg/

Shouldn't this move improve its profitability and cash flow? Kindly educate me on why an investor should JO.

.

FranklinRich:
Na wa oo really. After all the low prices that have been quoted here and the "sell and buy in November" mantra; tone and body language don dey change.

Well that's what makes the market tick. Just when you think you want to game the market, it will pull a fast one on you. Me and my household are still in accumulation mode...still watching Flourmills!!!!

No be only you o! FLOURMILLS, CADBURY

Justcul:
UBA on full bid

Funny market! Thank God i was bold on my decision to get some UBA last Friday. At least since i couldn't share in the Dividend cake, i can manage the small change on price appreciation.

manie:
I think you should exercise patience with Flour Mills because I am of the opinion that you can get it cheaper. The merger of the subsidiaries ought to be beneficial to the shareholders on the long run. I dont have information about Cadbury.

Thanks boss, keep up the good work.

@Manie, do you consider the ongoing merger of some Flourmills subsidiaries a good prospect for their stock price? The price of their shares has been trending southward for a while now. Same goes for CADBURY. In view of your advice that learners like us should consider underpriced (as opposed to low priced) stocks, do you consider Flourmills and Cadbury undervalued at their current prices? Thanks for your guide.

@ Manie, what a great work you've been doing here! Someone like me who is a rookie in Stock investing/trading has learnt a lot from your wealth of experience as detailed on this thread. Thank you.

myjoy08:
B Brother
N And
S Sister
I In
T The
L Lord


Very funny theorem! Anyone who formed this name should be awarded!

Bnsitl indeed! So hilarious! Thank you sir.

Diamond Bank was on full bid for long today and closed in green among the top gainers. Anything in the pipeline for boys?

Agbalowomeri:
Bnsitl in silence mode

What is Bnsitl please? I've been seeing it too often.

http://www.punchng.com/business/capital-market/shareholders-approve-merger-of-flour-mills-subsidiaries/

What is happening to Flour Mills?

myjoy08:
GUINNESS NIG AUDITED RESULT JUNE 2015...


http://www.nse.com.ng/Financial_NewsDocs/10830_GUINNESS_NIG_-_AUDITED_JUNE_2015_FINANCIAL_STATEMENTS_SEPTEMBER_2015.pdf

Please, can anyone speak to the release of the Guinness audited results? What likely effect would it have on its share price? I'm a newbie in stock investing o. I just jumped into some thousands of its units last week. That was after I saw this forum anyway. If I'd been to this forum before that decision I would have started with penny stocks.

What part of Ikosi?

Can u get me a 2 bed for 400k/450k there in Ogudu, Ikosi-ketu, or Oworo/Gbagada? If there is, pls contact me on 08151639837.