₦airaland Forum

Please what is d offer and bid total of transcorp?

mercylicious:
mkt don reverse. oya ooo, lets go there.

which one are u going for...??

mercylicious:
zenith digging for crude oil.

how far! Are u still imd train?

Guaranty bank full offer

Firstbank heading to full offer.. Transcorp on full offer

bolabiyi:
Life itself can be amazing...no one knows tomorrow..dat is y faith is different frm hope..faith is for now, hope is tomorrow.in stocks, its not faith, its hope..pple r crying and screaming doom and dey ignorantly close their eyes to great opputunities..they don't av a hopeful interpretations of situations..millions will still be made dis year..buy right, think right, act right, interprete right, and u will smile to ur bank..wait o..y am I writing dis sef..I'm inspired..be inspired..der is plenty of hope..

thank God my name is hope

mercylicious:
seplat still looking good at pre-mkt. on full bid.

all premium stock looking good. less offers on ptr mkt.

@mega, access didnt release result last fri. any new date?

please how did you know the exactly date the report will com out!!! Please and abeg share the link.. I really want to knw specific day

Please how much is dollar now... To naira?

inShare

NSE Proposes Amendments to Rules 15.31, 15.32 & 17.13 of the NSE Rulebook
NSE Proposes Amendments to Rules 15.31, 15.32 & 17.13 of the NSE Rulebook
Friday, February 19, 2016 11:22 AM / NSE

Introduction
The Exchange is proposing the following amendments to the Rulebook of The Exchange, 2015, under its Dealing Members’ Rules.

Summary of Proposed Rules and Amendments

A summary of the proposed amendments are set forth below:
a. The amendments to Rule 15.31 on “Block Divestments in Equities” will set the new thresholds for trades that The Exchange will identify and treat as block divestments. The amendments also impose the need for obtaining The Exchange’s approval for block divestments, stating the requirements for obtaining The Exchange’s approval, and the penalties for executing a block divestment without the prior approval of The Exchange.

b. The Exchange proposes to amend Rule 15.32 on “Large Volume Trades in Equities” by setting the new thresholds for the volume and value of trades that The Exchange will identify and treat as large volume trades. The amendments also impose the need for obtaining The Exchange’s approval for large volume trades, stating the requirements for obtaining The Exchange’s approval, and the penalties for executing a large volume trade without the prior approval of The Exchange.

c. Rule 17.13 titled “Prohibition of Market Manipulation and Illegal Market Dealings” is to be amended further to provide clarity and certainty around the forms of sanctions that The Exchange may impose for market manipulation and illegal market dealings.

Invitation for Comments
The Exchange is pleased to invite you to participate in its rule making process. Your participation is required by way of reviewing the draft amendments, and providing your comments thereon.

A set of the draft amendments may be viewed through the link provided here.

The Exchange views your participation as important for the following reasons:
· To create public awareness and solicit the public’s feedback on the draft amendments;
· To improve the quality of the Rules and thereby have a robust, well written set of Rules.

We are involving as many stakeholders as possible in this rule making process in order to achieve the aforementioned goals. Please be assured that your comments will be considered in arriving at the final text of the Rules.

Response and Timeline
We will be grateful to receive your comments not later than the close of business on Friday, 18 March 2016. Your comments should be set forth in a WORD document attached to an electronic mail to Mr. Oluwatoyin Adenugba of the Rules and Interpretation Department of The Exchange at oadenugba@nse.com.ng

Approvals
Please note that the draft Rules are subject to the approval of the National Council of The Exchange and the Securities and Exchange Commission.

Tags NSE NSE Rulebook Mr. Oluwatoyin Adenugba Securities and Exchange Commission SEC

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bolabiyi:
hihiohiohio, laugh in Spanish.....Iv always love the move of zenith...cool, so cool...no dulling, kip moving. #wealthtransfer

my sister I love zenith oooohhh!!! That is one ofy best stocks I love so.much

mercylicious:
hehehe. ,muchacha muchacha.


(The governor, who called on Nigerians to prevail on President Buhari to stay at home and govern the country, said it was the height of insensitivity to the plight of Nigerians that the president, who just returned from trips to France and United Kingdom, would again be travelling to Egypt, Saudi Arabia and Qatar from February 20 to 27, spending seven days out of the country in what they called “three-nation tour).

That guy has vowed to visit all the countries in the world before 2019 .If na u nko? Do u know how long he waited to start enjoying all these travels? Does the travel come with travelling allowance for him and his aides? When you are broke do u travel?

There is GOD ooooooooo!!!!!!

mercylicious! How are u enjoying ur zenith bank?

Coolcash1:
FYI, the group 2015 FS is out http://www.nestle.com/asset-library/Documents/Library/Documents/Financial_Statements/2015-Financial-Statements-EN.pdf... I want to be this performance is the same for their Nigerian business...

fake information... Not in nse

Miss zenith!!!! I was over greedy..

locodemy:
Better look less and see more.....

please, explain abeg

megainvest:
FBNH and Zenith bids increasing with fewer offers left. Are we close to the bottom? Do your DD

know that zenith loss -40k, tomorrow will continue!!! Foreign investors selling off their stocks.. Waiting @ N10!!! If naira continue to depreciate..

Exchange Rate Could Hit N400 To $1 By Weekend
NAIRAMETRICS
The exchange rate between the naira and the dollar closed Wednesday at N370 to $1 hitting another new low. The exchange rate has depreciated to a new low every day since last Friday as dollar scarcity continues to bite hard.

Black market operators spoken to by Nairametrics opine that the exchange rate could depreciate to about N400 to the dollar citing the scarcity of the green back as reason.



The exchange rate has been on a downward spiral since the CBN shut out black marker operators from its window starving the parallel market of a major source of forex. Traders also attribute the scarcity to rumours that the CBN could ban sale of forex for school fees and medical tourism.

The disparity between the naira and dollar has created huge arbitrage opportunities with for round tripping. Investigations by Nairametrics also suggest that buyers of personal or business travel allowances at the official rates have also ended up selling all or part of the forex at the black market cashing in on over 40% of their returns.

Guys! Need ur advice... Zenith bank @ N10, Unilever @N25, mansard @ 1.90, tigerbrand @ 1.07.. Advice please!!!

PETERiCHY:
http://www.vanguardngr.com/2016/02/naira-depreciates-further-to-n385-in-parallel-market-2/

The naira, yesterday, depreciated further to N385 per dollar in the parallel market as demand for foreign exchange intensified.

This implies the naira has depreciated by N60 against the dollar this week in the parallel market, when compared with the closing exchange rate of N325 per dollar last Friday.

The naira has been on steady decline since Tuesday, January 12, 2016, when the Central Bank of Nigeria (CBN) stopped weekly dollar sale to BDCs.

Prior to this action, the naira traded at N265 per dollar in the parallel market. Consequently, the naira has depreciated by N80 in the parallel market since the CBN took the action.

The steady depreciation was also aggravated by inability of the CBN to meet foreign exchange demand.

woooow!! This is good!!! Zenith, unilever will continue to fall as foreign investors pull out their investment..

megainvest:
https://www.nairaland.com/2940480/firstbank-achieves-100m-monthly-transactions

The news shows that it is not yet over for FBNH.Q4 could be a game changer.
Ugodre's N3 dream may not be achieved anytime soon.

let. Wait for report.. Are u still waiting for zenith bank.

Will First Bank Shares Drop Below N3 In March?
NAIRAMETRICS
FBNH the holding company of First Bank and other non banking financial institutions is expected to release its 2015 full year results around the middle of March 2015. Investors are said to be apprehensive about the results believing that profits could come down significantly lower in 2015 than what it was at the end of 2014.

FBNH’s 2015 9 Months results showed pre-tax profits dropped by about 19% to N59 billion a factor made worse by huge loan impairments. The bank posted loan impairments (anticipated loans that could go bad) of about N46.6 billion in the first 9 months of 2015 about 249% higher than the N13.3 billion reported in 2014.



Indications therefore suggest that the loss provisioning could be higher at the end of 2015 following the further drop in the price of oil. Brent Crude for example has tumbled from about $55 in October 2015 to as low as $30 in 2016. This drop means First Bank’s exposure to the upstream end of the oil and gas segments could be further impaired. First Bank is said to have over 70% exposure to the oil and gas and Real Estate Sector which as at October 2015 had contributed to raising its non performing loans ratio to about 4.5%.

One particular oil and gas customer, Atlantic Energy is said to owe First Bank about $400 million which we believe could be impaired. The bank in its earnings update back in October had confirmed that the company had overdue interest payments which it could most likely classify if it doesn’t get paid. If it does, the bank’s profits could be significantly impaired and could lead to a loss for the last quarter of the year.

First Bank 1 year Price Chart, Source: Bloomberg
First Bank 1 year Price Chart,
Source: Bloomberg

These factors appear to have weighed down negatively on the stock with the share price returning an estimated year to date loss of 27%. The share price has also shed over 40% since it last released its result keeping it at a price earnings ratio of 1.5x and price to book ratio of about 35%. First Bank shares has lost around 35% of its value in the last one year.

Apart from its weak profitability outlook, the momentum seems to be off for the bank with technicals suggesting a “strong sell” for the bank’s shares. Despite the apparently low valuation it appears the bottom may still be N1 away as investors continue to send bears down the way of financial stocks. If the bank reports an earnings per share below N1.5 then at its current price earnings multiple of 1.5 the share price could trade at around N2.5. FBNH also last paid dividend per share of 10kobo and bonus shares of 1 for 10.

A repeat of that will put dividend yield at about 2.5% further denting the attractiveness of the stock. It is however, unlikely that the bank will pay dividends of less than 30 kobo per share considering this current share price. A 50 kobo per share dividend will probably cost the company around N15 billion which could imply anything between 30-50% of full year profits depending on what it reports in its performance in the fourth quarter of 2015. Shareholders will hope that this occurs to avoid another rout on the stock.

megainvest:
As low as possible.
I just have to glue my eyes to the scoreboard because the tide can change any moment.

Meanwhile over 400 million units on offer! That is huge

u know u are my boss!!

megainvest:
Zenith now on full offer. Come home to me baby. Buying mode activating.

please, @ what price do u want to buy?

Waiting for zenith @ 8.90k next mth b4 release of financial report fy15

Josh121:
What do you need dollars for that you can get it in Nigeria ?
Start thinking about Naira and stop thinking about dollar

I may not need dollars .. But exchange rate is really affecting Unilever stocks.. Where 70% of their raw materials are purchase outside the country

megainvest:
Ok!

10 Reasons why I bought Access bank shares last week.

Reason No. 4: Good history of dividends. Access has paid dividends over the last 5 years unfailingly.

good..

megainvest:
10 Reasons why I bought Access bank shares last week.

Reason No. 3: Good fundamentals. Access has an EPS of N2.30, PE of 1.77 and ROE of 17.96%. These are relatively good compared to peers in the banking sector.

Do your due diligence.

continue!! Remaining 7

leo1234:
I am not wicked o
Many people were ready to buy FCMB @ 0.98 just last week. I regretted not dumping it then. But I am for long term.

fcmb may likely merge or raise funds tru Public offer, or reconstruction...

Agbalowomeri:
Na witches and wizards

funnnyy

Please guys!! Is there any hidden charges Morgan capital group charge annually?! I just saw this ...INVESTOR A An investor with portfolio worth of N100,000 trading four (4) times a month (2 sales & 2 buys), thus having a yearly trading volume of approx N4.8m. Using MorganCapitaliTrade, the brokerage fee for the year will be N12,000, plus annual fixed access charge of N2,500 making a total of N14,500 annually. Using other stockbroking firms under the same circumstance will cost you N64,800. The total annual savings using MorganCapital iTrade will be N50,300. MorganCapitaliTrade offers you a superior online, realtime trading platform at lowest brokerage fee

No vals today!! Fcmb trapped all my money

Khd95:
How u take no say na dangote im dey go,abi nor be dis machines dem dey use drill borehole

dangote currently building a refinery @ epe

[quote author=Coolcash1 post=42856068][/quote]I may likely sell my fcmb @ loss!!! Just 4% loss!!! Fcmb is now a penny stock!!! Whether u like it or not!!!