₦airaland Forum

hbrednic:
Vita is merging with a loss making company

People have made great loot in loss making stocks like ikejahotel, champion, costain, and dangflour. There are other forces that make people money on the nse besides profitability.

Aloaye:
Positioning continues

Loading opportunity for people with funds.

Aloaye:
My thoughts is, many entered the market thinking it would replicate the bull effect of the March 28th election results and hence a lot selling started and eventually led to panic selling.


The market should stabilize once the new govt's policies start taking shape, they should be fast though to avoid continued panic selling
Buy the bear, Sell the Bull


God bless

Hmmn... my brother, rescueing the stock market may not be the immediate headache of the govt. The prayer is for bargain hunters to quickly chase away the bears and conjure the bulls while the new govt takes all the time it wants to get it's act going.

Born2berich:
Why is vono moving at a faster rate than vitafoam? UBA cannot move without others moving too.

As for oando, that one na #jokeoftheyear as usual

Remember, vono will need to be re-countering vitafoam's counter rally. Plus, it is a pennier stock, with half the OS of vita. I boarded vono last week because I figured it will take two steps for every one vitafoam step.

megainvest:
Who provoked the bear?

I posted sometime ago (can't dig out the post now) that the market would be more bullish with continuity than with the unknowns and uncertainties of change. Purely my expectation of the market under the circumstances and not a comment on the personal qualities of any of the then candidates.
Also, the celebration and euphoria of mere change dissipated over the long weekend.

angelo82:
I believe so...........Just couldn't buy the idea of UBA waiting for other banks to move forward...........Funny fundamentals...........

Then why do you believe that vono and vitafoam are playing catch up and counter catch up with each other?. Please nobody is calling stocks living things o. It is speculators looking at the numbers and sentiments around that are bidding them accordingly.

passwelle:
Sir, for a stock currently at sub N3, that wants to raise N30b, if they get all that from share sale, thats a little over 10b shares before charges for the issuing houses etc. OS is currently under 14b now. Not sure your comment re dilution will hold true.

You are right, but they are too smart to conduct share sale at sub 3. The announcement says Q3 which means anytime from July to Sept. And to pump the stock price for the exercise I promised you that Q2 result would come from outer space. Barring a general market meltdown, it might be done at around 5. Skye management does not like outlandish shares volume. But all that said, I don't go native on any stock. We know how to somersault out of any bus at the slightest sign of bad driving.

Sorry about my reply to manie above. I replied to the wrong post. Thought I clicked on passwelle's link on skye bank's planned money raising. My mind is full of skye bank these days.

manie:
Landed properties with certificates of occupancy, but unfortunately more 90% of properties in Nigeria do not have valid title documents.


http://www.stockmarketnigeria.com/forums/investment-clubs/657-stocks-real-estate-better-investment.html

Q3 thing. Anytime from July, which means Q2 result will come from another planet, to pump the stock for the exercise. And we are looking for a tasere N30b which means dilution will be minimal. I trust skye management, ever determined to keep outstanding shares concise.

saibuhari:
You are wrong. Watch Vitafoam from next week. Whatever rally Vono has done or will do, will be countered by Vitafoam. That's why I talked about counter rally in my earlier post. Again, closing price of Vitafoam is what matters, not what you see during trading. Watch out.

That means vono itself will continue racing to be cancelling what vitafoam is countering (chai, see turenchi wey we dey blow here for money). Interesting calculation, because I considered the two and chose to board vono today, but still wondering, even now, if I had thrown money into the canal.

Born2berich:
That's life for you..There is a rule that you must always respect your Oga. That rule applies in the NSEBANKING sector. They follow themselves according in rank from my observation.

And I submit that their overall Oga is Fbnh since the days of Soludo consolidation. Of course it's the mentality of traders. A few weeks ago, when Uba blasted off like a rocket, a BiTL asked me where I thought it could reach. I told him I was waiting for fbnh Q1 result, which was yet to be released at that time, even though I had not a single fbnh unit. This was because I new the Uba rally would soon be truncated if the two seniors the market had placed in front of it did not shift forward. Believe me, if fbnh Q1 performance had been strong enough to boost the stock to 15, the entire market story would have been different by now. All stocks in the banking sector, below and above fbnh would have adjusted forward correspondingly. Note the entire market is beholden, sensitive and responsive to what is happening in the banking sector. That is where bulls and bears start and spreads out over the market. But there is a higher law underlying this queueing system. It is the law of EPS. This seniority ranking is based strictly on EPS/PE. Therefore the "lordship" of access and fbnh over UBA in unit price can be broken, and the queueing system overruled if UBA surpasses them in EPS. So Uba can jump over access and even fbnh only on the wings of a much stronger EPS.

mercylicious:
@b2br
U sabi speak plenty English.
Wet in be garrulous and querulous this morning?

Abeg sofri sofri.

That is why nsempa is highly entertaining and addictive. We are relaxed here and in good, cheerful spirits most times, communicating our messages moving from Qeen's English, to Nigerian English alias pidgin, and back to Wole Soyinka's Grammar as the spirit leads us.

jauntty:
First Bank Announces Its CEO Bisi Onasanya Will Be Resigning


http://www.nairametrics.com/first-bank-announces-its-ceo-bisi-onasanya-will-be-resigning/

Hope they appoint a successor that will excite the market. The laggardness of the fbnh stock has single handedly depressed the banking sector, and by extention the entire market for a long time.

Agbalowomeri:

God forbid bad thing! My transactions are limited to 4 per year; 2 buys and 2 sells. Next year I will reduce my transactions to 2, one buy and one sell. Na skye I go come dey chase?

Abeg leave the skye for us. Kolanut lasts long in the mouth of those who value it Skye does not even have that many shares to go round. Pending the inevitable money raising and dilution, of course.

Agbalowomeri:
U forgot this:

It has one of the poorest ROE in the sector, explains the cheapness/cheapity/cheapishness

You want me to talk down the bus wey dey carry me to my promised land? Na wetin I see I talk.

It is the new kid on the tier 1 block.
It is a Systemically Important Bank, which means specially protected class.
It has among the most concise OS in the sector, and stronger Q1 eps than diamond.
It is still cheaper than even fidelity when you check their ranking by capitalization.
It has a smart Board and Management.They used Mainstreet's money to buy Mainstreet.
I am in skyebus until it overtakes diamond.

Please consult an investment expert.

Agbalowomeri:
U dey see break out, me I dey see break down

Hahaha.... Nsempa no go kee pesin with laff.

myjoy08:
Sir, instead of looking at Sterling based on its price, why can't you take some look at UBA. It might takes the next ride to 7 within a short time. Rem, your decision is final, mine is just an opinion.

I'm surprised that market-wise folks are yet to understand that bank stocks march in a queue that is very difficult to violate. Uba would have been long past 7 by right of it's strong Q1 performance but for the two laggards, access and fbnh, in it's pathway. Maybe one day, perharps after performance trend is maintained in Q2 result, uba may muster the courage to jump over access in price. But for now, just watch it backtrack each time the price gap starts closing.

Agbalowomeri:
So u'r in the same bus as SaiBaba ko?

i dey the bus for long distance, unless i see danger for road.

Wether those men in black look the way of skye or not, it will be my vehicle towards the q2 results season. I used to call uba the baby stock of the tier 1 banks, but now, skye(+mainstreet) has become the "babiest". I started buying at 2.07 and, as The Lord liveth, and barring unknown development, will remain on board until it is selling above diamond.

mercylicious:
I didn't buy anything today. Skyebank dey fear me, it will gain but d the reverse is likely to be sharp . The ppl that have d stock am interested in dont want to sell.

Anyway, am waiting for another bear. I need to drink origin.

When that bear comes you will be scared to enter market, and start waiting for another bull.
Analysis paralysis.

Agbalowomeri:
value trap

No single offer for now. Wonders of the NSE.

talk2me2:
www.punchng.com/business/oandos-oil-reserves-increased-by-82-worth-1-8bn/

But this news is one month old na. We don price am in tey tey. Abi you wan pump your own for dumping?

[quote author=spicytayomic post=33725528][/quote]So, regarding skye, is the ongoing dumping escape from a sinking ship or transfer of wealth by the panicky?

davide470:
Did anybody hear the UNILEVER Good news??

You dey learn monkey dealing?

mercylicious:
May d miracle of c n I leasing happen to ftncocoa, multiverse, IAA , lasaco, intenegins etc.
If u believe it flash me ur teeth.

I expect it in intenegins. No recommendation.

jideflash:
who noticed caverton gained about 14% dis week. seems it getting ready to bounce back.

pls brothers and sisters, wetin dey happen to skye bank and oando plc 2014 FYE. atleast dey should us a statement for the delay. me i need more money for my papa burial nextweek.

God will provide for you, oando/skye or not.

Who boards unitybus beware, and pray...
Unitybus remains a very risky play.
There is talk of further recapitalization,
There4 dilution and, future reconstruction?

Dumexoga:
I asked my broker to buy 800,000 units at 17naira for me this morning. Lets see if it will go through

Abi na you Ucheson de work for?