locodemy:


Only if you can hear.........run away from FO.......its repeating oando scenario while oando is set now to move.
No be today we dey for this market..........2006 till date no be moi moi.

Abeg wetin be FO

Lol...yea.
Goodluck Bro

binaflexia:




It's not the end of the world bro.
I will wait to see if it gets to sub 50 before I panic sell...and if no one buy from me by then, I will just seat on it, at least, I'm a shareholder in Forte Oil, that will be my little show off.

By the way, have started trading with real money?

Onboard1:

Abeg wetin be FO

Forte Oil

I remember whe someone here said FO(forte Oil) would get to N100, na him I run go buy at N79. Two days later, the thing just fell to N69. Luckily for me it rose to N74, and I cut my loss. Na him I carry de money go put for FCMB hoping to recover the loss. Now even de FCMB dey give me fear as it has not stayed above my purchase price since then I am tired of 'cutting ma loss'

Mpeace:
I remember whe someone here said FO(forte Oil) would get to N100, na him I run go buy at N79. Two days later, the thing just fell to N69. Luckily for me it rose to N74, and I cut my loss. Na him I carry de money go put for FCMB hoping to recover the loss. Now even de FCMB dey give me fear as it has not stayed above my purchase price since then I am tired of 'cutting ma loss'

Mpeace:
I remember whe someone here said FO(forte Oil) would get to N100, na him I run go buy at N79. Two days later, the thing just fell to N69. Luckily for me it rose to N74, and I cut my loss. Na him I carry de money go put for FCMB hoping to recover the loss. Now even de FCMB dey give me fear as it has not stayed above my purchase price since then I am tired of 'cutting ma loss'

Bro,sit tight there.you are making profit at that your purchase price(1.33-1.35)
You will sell above 1.50.it is just a matter of time.it wont be long from now!

angelo82:

It seems this may be the new trend except for few.

Dont worry,they plenty to make you happy.

DeRuggedProf:


If someone kidnap this LOCO guy, his 2017 will be made.....

No be small hammer o. With d so so million units, D ransom go be 1 billion. Wit negotation e go drop to 500 milla last price.

leparj:
No be small hammer o. With d so so million units, D ransom go be 1 billion. Wit negotation e go drop to 500 milla last price.

and how much is loco's portfolio?

OBAGADAFFI:
Saudi Arabia signals end of tax-free living as oil revenues slump


https://www.theguardian.com/world/2017/jan/31/saudi-arabia-tax-approved-oil-revenues-slump?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=211004&subid=9838829&CMP=EMCNEWEML6619I2

Hope Peterichy is reading this....

DeRuggedProf:


Hope Peterichy is reading this....

Mpeace:
I remember whe someone here said FO(forte Oil) would get to N100, na him I run go buy at N79. Two days later, the thing just fell to N69. Luckily for me it rose to N74, and I cut my loss. Na him I carry de money go put for FCMB hoping to recover the loss. Now even de FCMB dey give me fear as it has not stayed above my purchase price since then I am tired of 'cutting ma loss'

Sir that is the beauty of NSE , You make profit and run away with ur loot , a times you lose some and cut your losses or become a lifetime shareholder till u are able to Bail out

locodemy:


and how much is loco's portfolio?

Loco's portfolio is just LOCO'S spare cash....

DeRuggedProf:


Hope Peterichy is reading this....

[UAE confirms no income tax yet, but 5% VAT is coming - Emirates 24|7]

http://www.emirates247.com/business/uae-confirms-no-income-tax-yet-but-5-vat-is-coming-2016-02-25-1.622208

Yes it's been in the pipeline all this while probably a 5% tax on some certain (LUXURY) goods and definitely not an INCOME TAX

angelo82:


Considering the recession,I don't think is bad and eps is slightly higher than similar quarter of 2015.But you can outline the shortcomings of the Q3?

locodemy:


i no fit hide it from you.Fair value is 30.00.i dont know peterichy's fair value for FO.It's better we listen to him for assesment before buying.........

currentprice:


my own even lower

though the company will report profit for the year, might declare dividend but will struggle to pay the dividend. according to their Q3 they have negative Free cash

angelo82:


Final eps went down that much.

currentprice:


The result is not a surprise. . Q3 have said it all.... N30 not too far,,,

Tritri:





Them warn U.

angelo82:



Why are you worried about me.I am up to the task and mind you,I will still sell at profit.

Tritri:

By this time 2 weeks ago..U were boasting ooh...Now it is Ur up to the task...Am stuck in it with over 40k unit.

angelo82:


Dont worry I have more experience than you know even loss making companies are money making asset.The market is for someone who has cash and when it reach my desire target, all I will do is to accumulate.

locodemy:


Only if you can hear.........run away from FO.......its repeating oando scenario while oando is set now to move.
No be today we dey for this market..........2006 till date no be moi moi.

angelo82:


Before then we will ride both the bull and bear together.This is what the market is all about, profiting from good and bad.You should know more bad results will come considering the current state of Nigeria economy.

hope we can get FO at good price by February

OBAGADAFFI:



Did you notice how Oando fell from N5+ to N4.66

bears came in fully after FO result !

fxuser:


bears came in fully after FO result !

Whats your take on the result?

angelo82:


Whats your take on the result?

i just ff the charts , price always precedes news

Zhirinovsky:
Does it mean FO didn't get any share of the 15 billion FG shared amongst pet marketers?

Its N150billion and its not yet been paid. The govt just announced it.

When seplat result comes out, thats when we'll see the mother of bears in the oil sector, ie if it comes out before Total or mobil.

NSE index
- further bearish sentiments
- likely to break 26,000 levels

Fidelity
- dont give up on d market marker just yet
- RSI making higher lows
- macd continues to trend upwards

@Fxuser, Whats your take on the result's that came out yesterday any company make it among them all?

ihedioramma:
@Fxuser, Whats your take on the result's that came out yesterday any company make it among them all?

I hardly look at the results again oh. I follow charts and they don't lie
Index was already warning us to be ready for further bearish move.
I remain very defensive, too many bad eggs can spoil market for the few good ones too

i just took some time off to look at the Forte Oil result once again..

Its not as bad as its made to look here.

Clearly their problem is net Finance cost...no wonder they have proactively gone ahead to raise bond in the Capital market. That should enable them to pay off some of the expensive loans they are presently carrying....I also like the fact that they did not go the route of paying dividends this year!

I will be watching closely to see how low it falls...

19% growth in Revenue in these difficult times is not a a joke! (although their cost of sales is also not very good)

Oh! I even thought it has been paid.
Thank you.

Mpeace:
Its N150billion and its not yet been paid. The govt just announced it.

http://www.nse.com.ng/Financial_NewsDocs/16306_FLOUR_MILLS_OF_NIG_Q3_DEC_2016_FINANCIAL_STATEMENTS_JANUARY_2017.pdf

This is a company to watch...

Their Qtr to Qtr result gives one a lot of hope...The Storm is over for them!

would start to accumulate it today!

any advice on mansard?

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/16306_FLOUR_MILLS_OF_NIG_Q3_DEC_2016_FINANCIAL_STATEMENTS_JANUARY_2017.pdf

This is a company to watch...

Their Qtr to Qtr result gives one a lot of hope...The Storm is over for them!

would start to accumulate it today!

They are still being killed on finance costs!!

fxuser:



I hardly look at the results again oh. I follow charts and they don't lie
Index was already warning us to be ready for further bearish move.
I remain very defensive, too many bad eggs can spoil market for the few good ones too

ONE LOVE .

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/16306_FLOUR_MILLS_OF_NIG_Q3_DEC_2016_FINANCIAL_STATEMENTS_JANUARY_2017.pdf

This is a company to watch...

Their Qtr to Qtr result gives one a lot of hope...The Storm is over for them!

would start to accumulate it today!

I may be wrong, but I feel you should trade the current market and rely more on signals from charts. After you have made good cash in the CURRENT MARKET, you can then trade FUTURE MARKET with companies having POTENTIALS....

There are many undervalued coys that can give you good div/cap appreciation in a few weeks. It is the LOOT from them that investor will carry come push up those companies with potentials and still make 50% in FLOURMILLS. B4 this time, your cash will just HANG in the stock...And if you are not careful, you may even exit out of frustration just at the verge of the stock entering its bull phase (BULL SHAKE OUT)....

Fxuser,pls what does chart says about Wapic insurance?