fxuser:


vol precedes price & price precedes news

words on marble

action shall be judged according to intention

intention = volume

price = action

fxuser:


the distance btw gt and zenith is outside d bands of Prof Rugged Avg Moving Tolerance #PRAMT
it is certain that one of d above must adjust to acceptable PRAMT levels
And we know wh one ! ( dat wh d wkly RSI crosses 69.1 )

#tgif

Lol...

fxuser:


vol precedes price & price precedes news

AUTHENTIC!

PATIENCE is a virtue of the gods...

fxuser:


the distance btw gt and zenith is outside d bands of Prof Rugged Avg Moving Tolerance #PRAMT
it is certain that one of d above must adjust to acceptable PRAMT levels
And we know wh one ! ( dat wh d wkly RSI crosses 69.1 )

#tgif

@prof @fxuser

what do u think the ideal PRAMT is (.6 / .7 / 0.8

what is d historical PRAMT (.6 / .7 / 0.8

wld appr8 a response

stcool:
Yesterday my order unfilled....today same issue @ noon order not filled. Let them eat it.

Painful...M&B since yesterday just 50% filled today. FBHN (0), DFLOUR(0).

Monday is another day.

N/b this is not a recommendation, price could go against me!

robobo:



@prof @fxuser
what do u think the ideal PRAMT is (.6 / .7 / 0.8
what is d historical PRAMT (.6 / .7 / 0.8
wld appr8 a response

loll
u wud have to apply d Robobo Discounted Cash Flow model using the PRAMT random walk pattern analysis
una no go kee me here loll
need a beer
cheers good people.

fxuser:


loll
u wud have to apply d Robobo Discounted Cash Flow model using the PRAMT random walk pattern analysis
una no go kee me here loll
need a beer
cheers good people.

Who get the gift of discernment here...since una done go spiritual

stock with new 52 week highs
GTB #37.49k
no new 52 week lows

fxuser:


loll
u wud have to apply d Robobo Discounted Cash Flow model using the PRAMT random walk pattern analysis
una no go kee me here loll
need a beer
cheers good people.

.

lol

The PRAMT is not all Spiritual, there is some part of the equation that is science if u use UBA / ACCESS as a an example.

that use to be between 0.6 and 0.7 until the most recent bull ( up until April )

currently it is between 0.9 - 0.95

anything outside this band currently is an invitation to arbitrage (subject to txn cost)

someone here also once establish a PRAMT between Dangsugar and Dangflour (though i cant remember the figure used then)

Oga Prof

i await your response

robobo:
.

lol

The PRAMT is not all Spiritual, there is some part of the equation that is science if u use UBA / ACCESS as a an example.

that use to be between 0.6 and 0.7 until the most recent bull ( up until April )

currently it is between 0.9 - 0.95

anything outside this band currently is an invitation to arbitrage (subject to txn cost)

someone here also once establish a PRAMT between Dangsugar and Dangflour (though i cant remember the figure used then)

Oga Prof

i await your response

holm:
http://www.nse.com.ng/Financial_NewsDocs/18923_NEM_INSURANCE_-_HALF-YR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

This is one of the very few Insurance companies that is consistent with good results and dividend. But for the lack of interest in insurance companies on the exchange, it should have reflected in its share price.

Hopefully, a foreign brand would pick interest someday. Those days in SMN, this stock was Oga nosa's favourite, for penny stocks with high dividend yield. I really miss SMN.

holm:
http://www.nse.com.ng/Financial_NewsDocs/18923_NEM_INSURANCE_-_HALF-YR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

Topline fair,
Bottomline flat.
no retreat no surrender.

NEM Insurance Grows Profit by 11% to N1.3b in Six Months
www.businesspost.ng/2017/07/21/nem-insurance-grows-profit-11-n1-3b-six-months/

dipoolowoo:
NEM Insurance Grows Profit by 11% to N1.3b in Six Months
www.businesspost.ng/2017/07/21/nem-insurance-grows-profit-11-n1-3b-six-months/

I hope we are talking of the result that came out today?
Where is the 11% profit from?
I think they are reffering to the revenue which rose by 11%;or thereabout.
For PAT,na flat o or 1% higher than that of last year.

Papers can lie no be small.

Aiico,Waiting for your result! ...#positive

Most likely fbnh will declare dividend and capital appreciation.

makashava:
Most likely fbnh will declare dividend and capital appreciation.

pls i am still a learner.
i need to learn how capital appreciation is being declared pls.
Thanks sir.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/18925_UBA_PLC_-_CORPORATE_ANNOUNCEMENT_CORPORATE_ACTIONS_JULY_2017.pdf

Na who come dey lie?

stcool:
http://www.premiumtimesng.com/news/top-news/237623-793-2-million-tsa-funds-skye-bank-confirms-holding-41-million.html

This heading is misleading, not a true reflection of Skye's position and the statement they issued out. Just dont understand these setup at the helm of affairs that wouldnt verify claims b4 publicizing it.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/18925_UBA_PLC_-_CORPORATE_ANNOUNCEMENT_CORPORATE_ACTIONS_JULY_2017.pdf

UBA might be right here.

If I remember correctly, UBA and FBN were having serious conflicts with the govement concerning this funds. And the Funds were letter remitted to the TSA.

makashava:
Most likely fbnh will declare dividend and capital appreciation.

What r your sources for proof?

locodemy:

pls i am still a learner.
i need to learn how capital appreciation is being declared pls.
Thanks sir.

They will declare dividend and decree appreciation.

Nsempa no go kee pesin

CBN Sells T-Bills, Forex as Interbank Rate Rises to 20%
http://www.businesspost.ng/2017/07/22/cbn-sells-t-bills-forex-interbank-rate-rises-20/

zendi:


They will declare dividend and decree appreciation.

Nsempa no go kee pesin

chai

Lafarge, Dangote Cement, Others Add N112b to Market Capitalisation
http://www.businesspost.ng/2017/07/21/lafarge-dangote-cement-others-add-n112b-market-capitalisation/

http://www.vanguardngr.com/2017/07/alleged-unrecovered-tsa-funds-no-hidden-accounts-nnpc/

Another angle to the story, may be somebody is interested in getting 5% of that money, chai!

MARKET GATHERS MOMENTUM AHEAD OF WAVE 5
Since the minor pullback of NSE ASI in the first week of July, market has witnessed low volume to push the price up. However, market reinvigorates itself by providing the necessary "power" needed to commence Elliot wave 5. If the increase in volume as witnessed on Friday is sustained, overcoming resistance at 34,350 will not only be easy, but it will also introduce the beginning of wave 5.

From Elliot waves rule, wave 5 which is an impulsive wave is expected to be longer than corrective wave 4 but lesser than wave 3. It is expected wave 5 will likely take NSE ASI to 2-year-high seen in April 2015 or above.

What is needed to accomplish this are more momentum and "energy" (drink) - volume.

Gradually, July 2017 is proving the statisticians right that in a bullish environment, July is likely to be more bullish than bearish. However, August is around the corner and statistically it is the most bearish month in the calendar year since 2002. In a bullish condition however, August has a 50% chance of ending bullish but in general, the chance is reduced to 27% based on available data since 2002.

PLAN YOUR TRADE AND TRADE YOUR PLAN

MY COMMENT ON OANDO, FBNH, DANGOTE FLOUR

I refer to my previous posting on OANDO. The stock went below my projected 1st support level by about NGN1.00 . And price is now back to the previous range before the SEC issue. What this price reversal to the trading range is telling us is that the insiders are confident about the fundamentals of the company, at least in the short/medium term. We should not be surprised if the recent low is the lowest the stock will make in the next few months. It is equally probable that the company will end up winning the bid to carry out the maintenance of one of the refineries. This is the information I can gather from the recent price action behavior of the the equity.

On FBN. From the technical as well as the fundamental (my own style, this time relying on the past history for the school season/wide public holding of the stock). There is a strong supply level at NGN7.28 to NGN6.93. The stock is likely to find it difficult moving substantially beyond this level If I hold this stock, I will look forward to selling about end of August (if the earnings, generates positive reaction which move the price) and them will think of buying afresh by end of September, good demand point is 5.93 to 5,71 . The chart indicating the immediate supply level is attached. I am sorry, I cannot give more information here as to how I arrive at this my opinion. Apologies to the die hard supporters of FBNH, but let us see how the market will move. This information is just for guidance purpose only


DANGOTE FLOUR. The economic fundamentals still favors the industry where this company belongs.. If I have bought, I will stay put, till the expected earning report is made public. Closest supply point is 5.20 to 4.78, all things being equal, I expect the price to jump above this level due to the pending earnings report. The closest demand level is equally 4.32 to 4.04, what this is telling me is that on no circumstances should I allow the price to fall to this level before I sell (need to sell far from this point) if the total market turns bearish, as this will be a good point to consider a re-entry.

I have discovered that the use of this supply demand system has simplified my buying and selling, such that I can comfortably ignore monitoring the stock prices everyday, just look at the prices twice a week and my investments are still safe as I can determine what to do some few days ahead. And this system seems to have compressed so many indicators to simply 2 levels. Let me give a gist here, I am into Afriprud, my supply level indicated supply levels as 3.10 to 3.10 and then 3.00. If for the coming week, I only decide to look at the daily price list on Wednesday, price show 3.10, I will be preparing to sell some quantities about 3.00 to may be 3.08, this make life simple and easy for me. Note that I am not saying Afriprud price will fall, but this is just my personal plan for handling my investment in Afriprud.


Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently.