donilors:

@aktopgun,

What do your candles say for FCMB, this one wey we see inverted hammer showing up yesterday( e be like say deuxe never reflect today prices?) and since they are about release their results, i think we might see an upswing, but make i pass the mic to the candlestick guru.

I think there may be a upswing in the horizon; it has been gaining small small kobo kobo in the last 3 days.

My only concern with FCMB is that their half year was just 5B  - wetin be that? How do they intend to make their projections for this year wth such meagre profits and also pay this their new shareholders out of the dividend. Their prospectus mentioned they will include the new shares in didvidends for this year.

Except the result is fantastic - I dont see much of an upside really.

@AkTopgun,

I still dey wait for my access bank candlysis oo

I have looked at the pattern formed - a 4 price doji.

with the position it is in, mondays price is imperative. should it open lower and form another doji on monday then it would have formed a Tri star during an uptrend -  this is bearish but[b] extremely rare  [/b]. Lets see on Monday but any how the dojis formed yesterday and today suggest an indecision amongst investors but who cares. prices are going up abi, if u are a CICO, u should care cuz they are not good signs

i hope this is not gibberish i am talking sha. make una no mind me

@ aktopgun, I placed a sell order for my longman today, and wish my broker will commit a blunder and not sell, hahahahaha.
Wishful thinking.

aktopgun:

I have looked at the pattern formed - a 4 price doji.

with the position it is in, mondays price is imperative. should it open lower and form another doji on monday then it would have formed a Tri star during an uptrend - this is bearish but[b] extremely rare [/b]. Lets see on Monday but any how the dojis formed yesterday and today suggest an indecision amongst investors but who cares. prices are going up abi, if u are a CICO, u should care because they are not good signs

i hope this is not gibberish i am talking sha. make una no mind me

Is this longman or Ikeja hotels or which stock be this ?

@ Aktopgun

Do you think dunlop would still be a good hold? abi make I fling am this monday?

yodiyokun:

I think there may be a upswing in the horizon; it has been gaining small small kobo kobo in the last 3 days.

My only concern with FCMB is that their half year was just 5B  - wetin be that? How do they intend to make their projections for this year wth such meagre profits and also pay this their new shareholders out of the dividend. Their prospectus mentioned they will include the new shares in didvidends for this year.

Except the result is fantastic - I don't see much of an upside really.

@AkTopgun,

I still dey wait for my access bank candlysis oo

i did that yesterday girl

shigidi:

wont even bother trying to catch up with pages.
pumping 777, na u for transexpress, u don hammer, i couldnt get in at 5.89 and look at it now, it has hit the roof.
longman sef don vex oooo.
i still don't understand why diamond hasnt made some significant movement.
@ pumping, please what are your projections for nascon, what is its forward pe, please holla.

Transexpr na helele   . At least I no hide dat one and aktopgun, I think na you get that riddle dat day. I hope say you enter.

@easimoni - I no say na u dey fly the plane. Make u do us jeje o

The projection is tough since the Q-2 is a turnaround quarter. It is very possible that the last 2 quarters will do much better. I will stay conservative sha and project FY PAT of N1.03 based on N0.516B from Q-2.  This gives us a forward PE of around 38x which more than doubles that of Dangote Sugar and Flour Mills.

Frankly, I expect the full year PAT to be like N1.5B. This should be enough for the stock price to head  north. Timing is a real problem though. If Q-3 is not released, then FY result is still some time away and could be as late as August.

yodiyokun:

Is this longman or Ikeja hotels or which stock be this ?

Longman

we were right on ikeja hotel though, it gained today. yet to see the pattrn formed though. will check

invisible!:

@ aktopgun, I placed a sell order for my longman today, and wish my broker will commit a blunder and not sell, hahahahaha.
Wishful thinking.

if u've hit ur target, sell o! no let greed catch u . as i said i will wait for monday's prices. what was the volume sold today sef?

Just heard from my broker;Niwicable is actually positioning for  a public offer.

Is it wise to stay there or run out?

pls friends im in school and im broke, bankrupt to be precise. i want some one to help me. im richard obinna. i live in lagos im a male phone no is 08076269625. call me now pls we could be of assistance to each other

Afroil is into production of grandnut oil, people thought the oil is crude oil .  Anyway just kidding.  And they have only one address, No. 2 Egunje Rd, opposite EFCC yard, Ikoyi, Abuja.  Pls don't mind me .  

Diamond Bank will rise, but right now, IT IS PUSH AND START DANFO - Got fuel diluted with water -GDR

ABEG UNA NO MEOOOOOOOOOOOOOOOOOOOOOOOO.

AIICO thank youoooooooooooooooo.  AG LEVENTIS thank youoooooooooooooooooo  BULL you do welloooooooooooooooooo.

loma:

Just heard from my broker;Niwicable is actually positioning for  a public offer.

Is it wise to stay there or run out?

    ole, ole, ole!. is that a trick question ioma? if u believe ur broker, why wait, TS announcements are done on the floor and usually too late to act by then. if u are not in for the long haul, and u've hit ur target, bail.

loma:

Just heard from my broker;Niwicable is actually positioning for  a public offer.

Is it wise to stay there or run out?

Time to run out if you don chop bele full unless you know exactly when TS dey come.

invisible!:

@ aktopgun, I placed a sell order for my longman today, and wish my broker will commit a blunder and not sell, hahahahaha.
Wishful thinking.

Invisible, MY RIBS ARE ACHING ME. Ok let me support your wish BY prayer. Just be binding, I will be losing

got my skye reit cert in the mail. and yes i was allocated all my units, (a paltry 2000 compared to crownvillas 7000), haven't heard from access bank sha. any body with any news should holla,

@crazyT

u dey see unity bank so?

Praise thy Lord!!! I just confirm that all my Capoil was sold at 15.80; I wonder who help me carry that heavy load commot for my head sef?

@ Aktopgun

You ask me to remind you of Unity bank, I guess Monday go bi good day to enter?
What’s your take on ABC Transport make I still stay for the flight? The thing don make about 65% today make greed no kill man pickin.

aktopgun:

@crazyT

u dey see unity bank so?

Na your Papa born you, I don press reply before I see your question.

ABCtrans made a full 5 percent today.Stay on the flight.Nothing dey happen.I think it will add some more kilos if you ask me.Just sentiments if you ask me

Wapco went on strong offer straight! Hope this does not affect CCNN negatively o!

blueband:

ABCtrans made a full 5 percent today.Stay on the flight.Nothing dey happen.I think it will add some more kilos if you ask me.Just sentiments if you ask me

Thanks Blueband

I ask for another 100k unit on Wednesday  but till now nothing. I guess peeps like Windy wendy don clear the floor patapata

@crazyT

Monday might not be bad u know. i would like to see some positivity in it before buying though. the market is looking undecided about it today cuz it traded very high and very low in price but still closed around the opening priceie it did a doji ie market indecision, which in this case is good cuz it is in a downtrend currently.
i'd wait till after monday's closing to see. thats if i were buying    

omo i dey jump on dat trans nationwide train nxt wk. the final bus stop still far well well.

And what about Livestock Feeds -  The thing has been heading north, and no stopping it.  ALL THE CANDLES please, AKT.  thanks

on ABC trans port, if u are not in yet i wouldnt go in ow.

the volume has vitually disappeared finish and the price is rising. Indicators suggest it is in an accumulation phase now. there is sustained buying pressure on it.

this one has left the airport unless u be winch person (fly by night)    

@invinsible, u know wan buyd corolla again, na y, u dey pray for longman, me i go pray for u too

loma:

Just heard from my broker;Niwicable is actually positioning for  a public offer.

Is it wise to stay there or run out?

U get jazz o! I was just smiling at my spreadsheet money for Niwi. Wendy! wake up o! Dem wan throw sand sand for "our" garri. What say u?

my take on dunlop

its been a good buy from the looks of it, all week. it seems to have formed a new support level of around N5 this week and resistance is currently at around N5.70. this resistance level may be at risk of increasing soon though cuz dunlop has been on an uptrend since the N2.50 low of november last year. it slumped in december and has basically been forming higher highs and higher lows since mid dec.

if u believe in the companies potential, now might be a good time to get in but class it rightly as a turnaround in ur portfolio

@easi

i holla.

Old News on Niwicable

New investors inject N1.3b into NIWICABLE

THE Nigerian Wire and Cable (NIWI Cable) recently got an injection of new fund of N1.3 billion from a new investor to reactivate the company after closure of two years.

Chief Oyepeju, a leader of one of the prominent shareholder association in Ibadan said that the company was able to get the said amount from True Bond Investment and Capital Limited who are presently the new investors in the company.

He said with the N1.3 billion, the debt of the company has been taken care of. "Nigerian Wire and Cable has come back to the main stream of the capital market, with N1.3 billion the debt of NIWI Cable company has been taken care of", he said.

Explaining, he said that part of the money is also used for buying raw materials. "The company has goods that can take them through for the next 12 months. The problem of raw materials is not the issue; the issue is on the sincererity of the new investor," he said.

At the Extraordinary General Meeting (EGM) of the company held on September 24 this year, the new investors promised shareholders that within the next three months of operation, they will declare profit, take the bull by the horn and maintain the quality in production.

The company which resumed operation under the new management in October is said to be the best wire and cable company in Nigeria and West Africa.

With a new Managing Director Mr Lateef Bakare, a chartered accountant, the company presently produces 120 tonnes per day, a 50 per cent capacity. Come March next year, it was revealed that the company will be producing 250 tonnes per day.

The low out put for now was based on the fact that the machines having stayed for so long without functioning, needs overhauling for a 100 per cent production. Also for better performances and profitable results, the company has imported two sets of 1000 megawatt generators to ease their production.

It would be recalled that in September an alert was raised that the price of the company was appreciating without being operational.

The company which is situated in Ibadan, is now experiencing a justifiable positive price movement which has been attributed to investors' reaction to the news as regards the company's electrification of its operation.

Some analyst also commented on the acceptability of the company by the investing public that money will always find its level by going to where it is needed. "The market will always give the company the right evaluation".

He assured the public that so far the company maintain a good quality of its products, the price of the company will in no time grow to the extent of giving investors good returns.

This year, the stock has enjoyed a price rally from a low 70 kobo to as high as N6.79, a growth of 870 per cent.

@pumping.

Do you have any info on Eans Medical? and(or) AFPRINT?