₦airaland Forum

The Admira:
see extract from Nigeriansecurities

UBA 49.00 49.89 47.50 49.00 49.00 0.00 0.00% 354 12,810,555 631,042,917.70

is UBA on TS??

FatherOF2:
Hahahahahahaha,

Roughcut and Blueband,

Una wan kill me for that last page oh. kai. See laugh.

LondonCool:
More bleeding for Dunlop Plc,

iconbull:
NB: THE TECHNICAL AND FUNDAMENTAL ANALYSIS FOR THIS GIRL IN BIKINI WORTH MORE THAN $5 O! ,

blueband:
Wetin dey pain roughcut na dey money wey the guy spend no be the fact say him resign or the effect on his family.If he had spent on 200 dollars will you be bothered?

blueband:
Guess who the wife is?Your guess is as good as mine.E b like the woman come dey old pass the man.He needs some refresher,

aktopgun:
Roughcut et blueband

yeye boys. this na di stock market tips una dey discuss. whether she fine or no fine, e put money fo my portfolio?   . If anything this kain one na portfolio depleter sef.

this is why them say make u look well before u pick your wife, make sure say she fine gaan and once u don pick, become blind man. I no say na so roughcut be and blueband, u i know when u went blind sef!  

if u check the man's wife is probably a babe as well as most times the woman outside no dey fine reach the one wey dey house   . I am not speaking from experience o  

Chei i don join una talk the thing finish!!

back to the NSE!!

blueband:
Roughcut
I don't think she is worth a penny.Oyinbo men sef.Maybe for free sha,

blueband:
[b]DO YOU REALLY BLAME THE NEW YORK GOVERNOR?THE GIRL FINE SHA![/b] something to spice your day before the bear bear result comot later today

blueband:
It appears there is an early oversupply of ABC on the floor right now.My broker told me today there is a strong rumour of ABC doing a 1:2 bonus and a public offer thereafter.I don't always believe my broker

windywendy:
@Pumping, M&B's forward P/E is like 48 o (projected PAT of about 250, which I believe is fair)! None of the health sector stocks have great fundamentals. Neimeth was good for a 20% cico (like 15% post commission) between last week and early this week tough, but  I won't invest in any of those medium term o, unless there's something good in the offing.

cheexy:
Which one be harami cross and harami doji. Reminds me of indian films. Thank God we get people wey dey understand and interprete indian language here. We for see something o

aktopgun:
@risky

may & baker: sweet. Bullish harami cross (roughcut, londoncool, how u take see am?).

aktopgun:


bros look at todays candle stick now

Naijadr:
See UBA Stock Position attached

Naijadr:
See UBA Stock Position attached

aktopgun:
@risky

may & baker: sweet. Bullish harami cross (roughcut, londoncool, how u take see am?).

rasputinn:
BOTTOM LINE:Artificial rise or not,sound fundamentals or not, most quoted stocks on the NSE are in for over 200% appreciation this year.

Naijadr:
any suggestions for purchases next week, after selling my FCMB/UBA/COSTAIN, I'll need to buy something o

aktopgun:
@roughcut

You see with an uptrend showing a dragonfly doji, its not a good thing at all and is interpreted as profit takers descending on the stock, hence the long shadow. this would take pre-eminence over any renewed buying that may have occured today
You are quite correct about it being a bearish reversal pattern but this pattern after a long uptrend shows selling pressure increasing.

Naijadr:
No mind me, I'm issuing sell order tomorrow sef, and I'm getting out next week with the rest, cause turbulence is near. The whole thing doesnt feel right LOL and the free fall is going to be lethal!!

Naijadr:
I might just sell the half on Friday abi greed go make me risk am til monday since monday is also a good NSE day to sell

Naijadr:
@RoughCut u see the Costain volume today compared to the past month? looks like folks are selling now, and the TA pattern looks like a reversal is near. I might just sell the half on Friday abi greed go make me risk am til monday since monday is also a good NSE day to sell

bigjay01:
@


My fingers are charred beyond recognition, skin grafting no fit help, It has to be completely reconstructed.

No worries anyway, Its not borrowed funds, I still have my regular job to pay my mortgage and bills and keep the family sweet.

wanaj0:
Just came off technical suspension so no volumes. Some agbero brokers warehoused the rights so them fit sell. Such stocks will not make you a billionaire. But for those with small portfolio value, they can double their holdings within a short time.

Sure you made money on your John Holt. Though I suggested it, I did not BUY because it does not fit into my investment plan.

wanaj0:
Candle no go show anything for that one.

BTW, I never BUY my own so no one should place order until I don BUY finish OOOO or else, na me go scatter this thread!!!!! Make person no mention one stock na so all the hawks go dey surround am.

eniyanman:
@RoughCut,

1. It is conceivable that the portfolio could fall by more than 20%. Assume it has fallen by 19% and it falls another 5% and still no buyer, it could potentially lose more,

I made a specific reference to 20% because that is one of the requirements   for UBA Shareplus scheme. If your portfolio falls below 20% its not UBA's problem all they need to do is ask the borrower to return the loan so that way they recoup their capital. UBA charges 17% interest and i think 1 or 2%  management fee. If your portfolio falls by more than 20% it means their profit is disappearing fast and that's the reason they make sure the value of the portfolio in which their investment is does not fall below a certain threshold. If there's no buyer for the stocks in the portfolio UBA will not sell it all they are going to do is ask for the money they lent the borrower back so its the borrower's headache on how to liquidate the stock to recoup his money back

2. In the case highlighted above, the equity contribution only minimises the banks exposure. It doesn't eliminate it. Consider vis-a-vis negative equity.

Negative equity is not the bank's problem it is the borrower/investor's once the lender is not making the returns they expect because the value of the portfolio is such that it cannot pay the interest they are charging they will just recall their loan facility at least that way they preserve their capital which they have loaned in the first place and they continue to manage the portfolio for you so whether it drops 20 or 50% you can see it is the borrower's problem and not the lender

3. If it represents a large part of their profits, then I want to avoid investing in those banks. But as wanaj0 talk am, it's a small part of their profit.

Individual investors on the NSE who use margin facilty  are miniscule compared to other categories of investors. Let's face it the big players on the NSE are the Institutional investors, Hedge funds, Private equity outfits etc etc and of course the pension funds. Trust me the margin facilities by the banks represent an insignificant proportion of the banks' loan portfolio .

4. My reference to sub-prime is more with respect to the losses they (banks) could suffer and not regarding credit classification. Credit score no dey Nigeria now.

Losses arising from margin facilities will not dent the banks' profits and that cannot even happen because as i said earlier they will recall or recoup the facility as soon as the value of the  portfolio is below the threshold that can pay the interest on the loan

eniyanman:
as the market don rise too much, e must fall very much too. as bear/fear enter, people rush out evening closing their positions on fundamental stocks to cover losses elsewhere.

@wanaj0, wendy, pumping, samstone, topgun et al,
regarding all these share-loans,
1. how do the banks protect themselves if the portfolio value of the client falls below the minimum allowed?

I know for a fact that for the UBA Share Plus loan the value of your portfolio must not fall by more than 20% if that happens they will recall the facility

2. is there is any other collateral?

The collateral is your equity contribution

3. how much do the banks depend on these sorts of loans. typically what % of their annual profit is this?

Not sure how useful this information is for you but don't know by the way

4. which banks have the most exposure to this market, i dey fear another sub-prime o

Lenders classify borrowers as prime and  sub-prime when they have information as to the credit history of a prospective borrower where there is a comprehensive credit rating database which as far am aware  is just been introduced in Nigeria so don't know where the sub-prime is coming from in Nigeria