angelo82:


I don't want them to give any bonus but I prefer something like 50k dividend............I don't loose hope on FBNH...........I believe miracle can happen................Lets see..............

Amen! I know they'll be back on their feet again. My prayers are also with them.

I dnt knw how, but what l saw in my dream,l saw transcope price @1.66kobo,first bank 5.95 kobo,oando between 10 and 12naira.those are d three stock price that i saw.

I just got an alert on Continental Reinsurance dividend that was paid on 31/07/2015; BNSTIL,dividend is very good just like capital appreciation. Na Godwin.

Elai147:


If FBN continues to attach bonus to the paltry dividends, it may be a good reason for investors to run away. How can you expect them to give more bonuses, join dis one wey dem dey now?

Dnt mind Fbnh, anytime I think of Fbnh it reminds me of Nigeria, their subsequent years of mismanagement is gradually catching up with them. Such a great company with potentials continues to get things wrong and make mistakes after mistakes. Their ROE and ROA is nothing to write home about. They just keep eroding the shareholder value of their shareholders.

I have no clue what due diligence Fbnh's risk management team did to approve the lending of $400m to Atlantic Energy, a company that had no history in the oil and gas industry expect for its affiliation to its promoters; kola aluko And Omokare. These guys are known to be lavish spenders in the oil and gas circles and how did Fbnh think they were the right people to loan money to. It is clear that their relationship to Dieziani was what pushed Fbnh to loan these funds out. After what happened to the seawulf loan and others, Fbnh would have been more careful. These and other loans are a big drag on their oil and gas loan book.

I truly hope they start getting things right like the GTBs and Zeniths instead of living in this self proclaimed la la land as the big elephant.

JAPAUL 2015 HALF YEAR RESULT...

http://www.nse.com.ng/Financial_NewsDocs/10559_JAPAUL_GROUP_HALF_YEAR_JUNE_2015_FINANCIAL_STATEMENTS_AUGUST_2015.pdf


UNIVERSITY PRESS Q1 2015...


http://www.nse.com.ng/Financial_NewsDocs/10563_UNIVERSITY_PRESS_Q1_JUNE_2015_FINANCIAL_STATEMENTS_AUGUST_2015.pdf


FLOUR MILL CORPORATE ACTION...

http://www.nse.com.ng/Financial_NewsDocs/10558_FLOUR_MILLS_NOTICE_OF_AGM_CORPORATE_ACTIONS_AUGUST_2015.pdf

What happened to OANDO? Opening price for today just changed from N12.50 to N11.90 on Morgan Itrade. Who noticed it?

jamace:
What happened to OANDO? Opening price for today just changed from N12.50 to N11.90 on Morgan Itrade. Who noticed it?

Sir, that is the opening price of Oando today by MM

Those with eyes please what do we have on d floor,a tiring bear or firing bear .any signof d bull,even a hiding baby bull?

Krisuba:
Those with eyes please what do we have on d floor,a tiring bear or firing bear .any signof d bull,even a hiding baby bull?

Sir, I think is a tiring bear and a rebalance market on the other hand

myjoy08:


Sir, I think is a tiring bear and a rebalance market on the other hand

Great!!! Thanks alot.

myjoy08:


Sir, that is the opening price of Oando today by MM

OANDO magic! Lord have mercy on retail investors!

Elai147:


Oando is a big scam. The same goes for Transcorp. Study their charts closely and you will find too much correlations. The day Oando gains 10%, Transcorp gains 10% or something close. For now, these coys are only good for short term trades and with the eyes wide opened. Anyone going for long term is taking huge risk and would be better off buying Universal insurance.

Infact , I thought I was the only one that noticed this. Once oando gains 10%, transcorp too gains same percentage. I agree that they are both a big scam, that's why I stopped buying make uncle wale buy the rest. Why you come remind me of my universal insurance were I buy since?

FranklinRich:


Ahh Oga born2berich, you get serious liver oo. Averaging down on Oando is the greatest analogy for the catching a falling knife mantra.

Oando has broken my heart several times in the past but at this price, not sure it can break my heart that much.

Oga frank, na risk I take o but I don tire. The way the stock they fall, na only Jah go fit catch am.

cassimere:


Bro, Not only is the company a joke, the management team and the board are a corporate governance disappointment....the company needs a shareholders take over and sack the management team and the board - its obvious the company is not run in the shareowners' interest.

The day I'm able to escape from my investment disappointment in the stock, I will not near it again with the longest pole ever known to man.

This is exactly my thought. I was surprised when a friend of mine told me that uncle wale wants to be petroleum minister, I just laughed because uncle wale/oando has a PhD in bad corporate governance.

Elai147:


If FBN continues to attach bonus to the paltry dividends, it may be a good reason for investors to run away. How can you expect them to give more bonuses, join dis one wey dem dey now?

FranklinRich:


Dnt mind Fbnh, anytime I think of Fbnh it reminds me of Nigeria, their subsequent years of mismanagement is gradually catching up with them. Such a great company with potentials continues to get things wrong and make mistakes after mistakes. Their ROE and ROA is nothing to write home about. They just keep eroding the shareholder value of their shareholders.

I have no clue what due diligence Fbnh's risk management team did to approve the lending of $400m to Atlantic Energy, a company that had no history in the oil and gas industry expect for its affiliation to its promoters; kola aluko And Omokare. These guys are known to be lavish spenders in the oil and gas circles and how did Fbnh think they were the right people to loan money to. It is clear that their relationship to Dieziani was what pushed Fbnh to loan these funds out. After what happened to the seawulf loan and others, Fbnh would have been more careful. These and other loans are a big drag on their oil and gas loan book.

I truly hope they start getting things right like the GTBs and Zeniths instead of living in this self proclaimed la la land as the big elephant.

Very soon FBNH will be tagged #jokeoftheyear with it senior brother oando. Let's watch.

Commercial banks inNigeria sitting on as much as one billion dollars in their vaults which they cannot use should expect no help from the Central Bank, Governor Godwin Emefiele told Business-Day at the weekend.

For some of the banks, panic has already set in, but the apex bank says the commercial banks got into the predicament by choice and they would have to dig themselves out of the pit without help.

“Nigerian banks today are awash in dollar cash they cannot bring to the Central Bank because if the banks bring it to us, what is the Central Bank going to do with cash?” the governor asked. “If we were dealing with cash in naira, the banks are allowed to bring excess naira cash to the Central Bank and when they do this, we credit their account.

“ We cannot do the same for foreign currencies. It is what we call non-earning asset in banking and it is up to the banks to manage it.

“ The banks sent out circulars to their customers at the end of last week, saying they will no longer accept foreign currency deposits in cash and this movehas t he full support of the Central Bank.

Speaking in a wide ranging interview, his first sit-down and elaborate chat with a Nigerian newspaper, the governor said, “what we have started to see is that as a result of the speculative activities, as a result of round tripping activities, people haresorted to just the business of converting their naira into dollar, into what we call currency substitution.

“ Today, there is a large volume of foreign currency sitting in the vaults of the banks and the banks cannot handle it because it useless to them.”
The apex bank governor blamed the situation on Nigerians who have abandoned their own national currency, in pursuit of the dollar and the pound sterling.

He said, “I wonder why people will not have faith in their country, why people will want to take advantage of the situation that we are in as a nation to begin to speculatively attack the currency.

“If you and I and all other Nigerians prefer to store our values in the dollar or pounds, 170 million people store up their values in dollars, pound, Yuan, the Chinese currency, there will be chaos and it means we do not have faith in our local tender, it means you will have spiraling exchange rate, it means you will not have any reserves.”

Emefiele acknowledged that the situation the banks face today arose from the liberty given to bank customers to maintain domiciliary accounts in foreign exchange but he said this has been abused massively.

“I am not so sure how the policy of domiciliary accounts came about in Nigeria”, he said. “But I do know that this was meant to target exporters. For example if you are an exporter and you wanted to receive the proceeds of your export, this was an added incentive to encourage exporters to repatriate their foreign exchange proceeds.

“So that was how the issue of domiciliary account came into being. But we have seen every and anybody go to their banks, as they open a naira
account they also open a domiciliary account.

“What is the purpose? It is for them to convert naira into dollar cash and begin to store them or to collect illicit money and they think the best way to hide it is to open domiciliary account and they go on to deposit cash into their accounts.”
http://businessdayonline.com/2015/08/banks-sit-on-over-1bn-they-cant-use/#.Vb82szNw1it

Am sorry for posting this pics. This is what someone send me to take a look at...Hilarious indeed

Aks:
Good afternoon greatesttttttt investors. Nice that u guys are keeping the thread alive.

I am still in holiday mood.

you mailed me, sorry that email there no longer work anymore. But would like to know what the mail is for. Gonna change that mail to the one am using.

Aks:
Hello my people, #justpassingby and i decided to say Hello

You emailed me but the email on my nairaland page no longer work anymore. And would like to know what the mail is for.

Born2berich:
Infact , I thought I was the only one that noticed this. Once oando gains 10%, transcorp too gains same percentage. I agree that they are both a big scam, that's why I stopped buying make uncle wale buy the rest. Why you come remind me of my universal insurance were I buy since?

good day, when I was busy shouting sell sell, that market is going down, many keeping shouting buy buy, what is happen now, thank God opt out on time.

Chibuking81:
good day, when I was busy shouting sell sell, that market is going down, many keeping shouting buy buy, what is happen now, thank God opt out on time.

Comon get out from there! Your own prediction itself is a scam. You're like a moving average - you only predict the obvious.

cassimere:


Comon get out from there! Your own prediction itself is a scam. You're like a moving average - you only predict the obvious.

Wicked punchline

Can we say Bull is here or what?........I mean categorically...............

Kagame:


Wicked punchline

Born2berich:
I have been buying oando since from around N18 down to N12 but am already tired and running out of cash. The way oando is falling it might go below N10 soon.
#jokeoftheyear

I might start buying when it gets to N6.00. Not even 1 kobo more.

angelo82:


Wrong analysis....................

Do you remember my "wrong analysis"?

With Dollar now @N216, I believe the stock market is about to move up...Bulls are here,
any contrary opinion ??