₦airaland Forum

https://www.bloomberg.com/news/articles/2017-07-27/nigerian-stocks-haven-t-had-a-run-this-good-since-2001-chart

"From the world's worst to the top performer"

Who has eyes should see. So many would come buying when the party is over.

We are gradually going to where sentiment would push prices more than results.

bigjay01:
Sold my Zenith Bank today @25.60

the plan is re-enter at about #20ish thereby increasing my holdings without committing a penny of new money.

Clearly a correction will set in soon.

Zenith that is trying to catch GTB. I hope you don't buy back @ N30. Anyways trade your plan.

Willie2015:
Locking your profit is key in trading.

I am telling you there are other opportunities waiting for you... just look at what Presco and Okomu is doing to my portfolio.

Correct...why I said most of them would buy @ 52 weeks high in sept/oct. Unless they want to buy JuJu-kobo kobo stocks.

If not for the sentiment around FBNH, that is how NSE sends a stock below a price of no return. They can ask diamond bank, Transcorp etc.

When it finally happens, no amount of conference call would break N2 resistance

currentprice:
very soon market with judge

for those who owns Dangote flour do your analysis very well. this stock is too cheap at currentprice. if it drop buy more and thank me later

check all the half year result release so far... you will see DF is the king

cc Tritri

Currentprice, Chibuking8, Loco & Peter una go buy at 52 weeks high last last.

I would rather ride the trend and lock in profits.

samguru:
FBN has sold it birthright to the likes of GTB, ZENITH BANK, ACCESS BANK and UBA. we traders need to punish FBN for her lack of making us proud in the banking space.

while other banks are declaring bogus profits, FBN is struggling to tame OPEX and NPLs.

FBN this blood you are sharing every quarter is enough bikoo.


we will deal with you this white elephant before you pack us in UNITY BANK garage.

You have said it all...I don't have joy for any stock that misbehaves.
Anything you cant recover in this bull forget it. Why?
Cos when the market goes down everything goes down with it. If GTB is coming down, so is every other stock. Shekena!

stcool:
http://www.nse.com.ng/Financial_NewsDocs/19023_CUSTODIAN_-_HALF-YR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

Good result for an insurance company...used to think they pay interim dividend.

Chibuking81:
Nigeria stock most at time work like gambling.
All the stock are presently at their pick, the alternative direction is downward, the law of diminishing return is almost taking place, with expectation of Q2 result/ interim dividend, most stock climb to the top.
Any company that release their result now will witness massive sell off, dumping, jumping out, meaning the revise will be the case.
The voice that speaks to me within last week is a genuine one.

Am seen good entry opportunity before December 2017 for three months duration period, i.e against 2017 final year result, which is between January - March 2018.

Possible but not applicable for all stocks...when you return you might be using both your profit and capital to buy (meaning you only enriched your broker). Take GTB for example you might be buying GTB @ N50-N55 in Q3-Q4

feelamong:
This should bring some good bears into the market by tomorrow

Not soon, look @ what GTB and other sound stocks are doing. FBNH is a wayward child. It would be punished alone.

I have some units. But that is the last its getting for now.

stcool:
http://www.nse.com.ng/Financial_NewsDocs/19014_FBN_HOLDINGS_-_HALF_YR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

And you wonder why GTB is N40. FBNH is a joke!

I wont spare any stock that does not perform in 2017. Nigerian Ceo's don't care, so I wont spare their irresponsibility when I buy/sell any stock on the NSE.

OBAGADAFFI:
Oga, they might take your sarcasm serious.

No be sarcasm @ N6 would re-evaluate, if to hold longer. Not in a hurry to sell, except things change in the market. Something made the stock hit N6 and a lot of investors bought M&B between N4-N6.

Mpeace:
So after every, the said dang flour finished on red. That earlier volume at 5.55 must be crying by now. I know say when them see result (without reading deeply) them rush go buy, thinking of hw them go sell at 11-15 . Well an old man once said "the market has a mind of its own" Loco might just be correct. One thing I noticed since buhari is that price moves before the result. They all take position them release result and then dump on pple.

Anyone that wished to sell @ N5.5, but did not sell today should not come here and cry o! Becos their greed had a better hold.

lancee:
GTB !!

Gt 40, fbn 5.97... diff clear

Be less bothered about fbnh...Zenith would soon trade @ half the price of GTB

The race is not to the swift!

lancee:
GTB !!

Gt 40, fbn 5.97... diff clear

ASI holding unto gains strongly.

valacious:
is May and Baker ok at 3.40?

This is my Gold Mine....Target Exit N6-(N10 - Hopefully)

See the healthy competition between Fidson & M&B

Market waiting on NB & Nestle Interim to lead the way.

One sweet Interim dividend this week would spice up this market...

UBA result + interim would be better as a catalyst!

sellydion:
A good business model would have edged against this price of wheat for almost one year or more. If price of wheat goes up so the price of flour. This is few manufacturer market in Nigeria. They can easily manipulate price. We buy bread at N400 per loaf what we used to buy N200 or N250 all because of untimely government policy. FX soucing is better now and price still remains high. The margin is abnormal profit.

Flour mill
Honey well
dangote Flour

Are set to do well. The environment is their's for now.

Exactly, see what Seplat did to hedge price volatility H2 2017.

http://www.nse.com.ng/Financial_NewsDocs/18994_SEPLAT_-_HALF-YEAR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

Hedging
"The Company had in place dated Brent puts covering a volume of 1.99 MMbbls over H1 2017 at a strike price of US$47.0/bbl
resulting in a realised hedging loss of US$10 million in the period. Over H2 2017 the Company has in place dated Brent puts
covering a volume of 1.70 MMbbls at a strike price of US$50.0/bbl. The board and management continue to closely monitor
prevailing oil market dynamics, and will consider further measures to provide appropriate levels of cash flow assurance in
times of oil price weakness and volatility. "

Don't know if Oando would learn from it

What happened in M&B have they seen result. Opened with a Gap...All offer cleared
Bus don full...

Manonamission:
So far results released by Dangflour has shown continued improvement hence my submission. We don't know what the future holds but can only speculate based on what we have (released results).

That said...let everyone hold unto their shares until you hit your price target, if you have any. I think anyone going into any stock should be prepared for any direction - positive or negative.

I always say don't make decisions alone, based on what people talk here. Everyone wants to buy low and sell high.

Manonamission:
He should not sell but patience is needed here. No harm in increasing holding if price falls. The growth trajectory is good.

In NSE I can't Vouch for any company.

FBNH ...Bare it all!

currentprice:
it is when you don't know what you have bought you will sell dangote sugar to buy diamond like PETERiCHY

Oscar should post another result to dilute this Dangote Flour.

locodemy:
Yes,sept/oct is the time not now for Dangote flour and others....

If no sellers until sept/oct...what would happen to price?

locodemy:
This one everybody is keeping quiet,its like most of us are in Dangote flour.The only person i am pitying at this point is Tritri.He has lost so much this year.God why?