daemperor1:


What if it's actually an error from Morgan?

It is not an error. For any price movement to occur, FO needs a single trade of at least 10,000 units (at once) to happen at a particular price. This means that apart from the opening trade at 194.9, no other trade has happened with more than 10,000 units at once.

To play this game, you must know the rules. I am not by this recommending FO. I already sold and collected my 15%.

FO Low is still 194.90.

Thunderlicious:


someone is obviously mopping skye off market trades but who is selling to the person? and why are they selling? 132 Million units already traded.

Funny enough, millions of units are changing hands @0.6 and these are the last significant trades on the floor so far. Every other trade @0.66 has been less than 50,000 units. Except someone sells minimum of 50,000 units to the current bidders @0.66, there is a high risk that the market will close @0.6.

On the other hand, the guys who are trading @0.6 behind the scenes may be the big winners if it closes today @0.66 ie Instant 10%. These are the men in black!!!

Several 'behind the scenes' trades of Skye @0.6.

Skye back on bid! See volatility.

Skye dumping in progress ...

Men in black don come market today! They have locked everyone else out and they are determined to do their thing before everybody else can come in.

Morgan is messing up

Morgan not working. Meanwhile, Skye is still bullish this morning. Anything can happen before end of today.

fxuser:


umm so I wonder what GT & Zenith will be giving out in the same time frame.
If you are willing to bet on fbn for 2 years , also add the sector leaders join too sir

(Former ) Peer Comparison

GTB
N671 bn mkt cap , +25% ytd

Zenith
N514 bn mkt cap , +16.58% ytd

FBNH
N136 bn , -26.12% ytd

there is a reason for d valuation gaps.

#whoknowsreally

I agree with you but if you look at it from another perspective, a big bank with with very strong brand position, close to historical low price and a dose of bad news around it may return higher in the long term than similarly big banks at prices way higher than their historical low and a lot of good news around them in the LONG TERM.

Short term may favour Zee and GTB especially because of their interim dividends and wonderful performance. There won't be any major surprises when they release great results so they will probably rise 10 or 20%.

But If FBNH begins to show signs of recovery , the market may react more strongly and the price may rise appreciably probably up to 50%. The key ratio that will determine the fate of FBNH is NPL ratio. If they have sufficiently restructured their loans, good for them. For the risk taker, FBNH will definitely be on the watchlist especially where the price is still below N3.8.

Note: This is NOT a recommendation to buy FBNH at all because I know their oil and gas obligors are in even worse shape than they were in last year due to the outage of one of Nigeria's major export line for most of Q1 and throughout Q2. It will take a huge miracle for them to surmount the NPL problem because we are talking about ZERO production here not even about the oil price. To make matters worse, they are exposed to massive bad loans in pounds and dollars. How bad can it get?

Disclosure: I do not have a single unit of FBNH today but I will definitely load it if I find a good reason to do so.

This year has been my most successful year in stock picking. I have recorded over 70% success rate in picking stocks at entry and exit points sometimes back to back. Thanks to baba God who gives us the power to get wealth!

daemperor1:


I actually planned to offload today and load more FO.

I think your plan is a good plan. It is wise to move on with small gains but don't feel bad if UCAP cruises on. FO is a good play also. Enjoy.

binaflexia:
OANDO on full offer!

Great!
I will follow Oando very closely because another opportunity is loading. #valuehunting

Congrats team UCAP. Enjoy.

UCAP delivered as expected. Whether Mr. Market will respond accordingly remains the subject of another discussion.

ufotty2001:
guys i want to buy skye bank ooohhhhhh! 5million units @ 0.50k.! please i need ur advice...

You dont need any advice oooohhhh!!!

PENGASSAN has called off the strike. Will FO take the bull by the horn?

Something just hit the market and BOOM! (in ugodre's voice) the bulls suddenly appeared!

It Skye continues at this rate, it will get to the general car park on Friday.

Somebody loaded over 10 million units of Skye at the last minute!

Battle for the soul of Oando is on!

NIG. STOCK EXCHANGE Retweeted
Boason Omofaye ‏@BBoason 26m26 minutes ago
HAPPENING NOW: New @SkyeBankNigeria Management Board now at @NSEcontact HQ in Lagos @channelstv


SkyeBank men in black don come market!!!

ukay2:
Naawaaaaoooo
People the mop-up skyebank today....they get heart like arsenal fans....no result yet and people the mopp up..
NSE... The more you look, the less you see..
Chaiiii

Them say the stock go bounce like basket ball when e reach car park.

@proshare on Twitter
@SkyeBankNigeria results to show a net loss of approx. N38 Billion loss for 2015 FYE + a loss position in Q1' 2016. @TheAnalystNG

updated!
proshare rumour was correct. 38 billion naira loss! The funny part is that it was internal!

Mfunkynation:
morning peepz, hw pre market b 4 skye

When I last checked, over 70 miliion offers @0.91 (As expected). Skye may likely shed another 10% today.

This is the time to have plenty of cash. Some great bargains expected today. #ValueHunting

Rexceedo:
The Gurus,
I got my tutorial on stock from these books;
The Warren Buffet Way by Robert,
Trading For A Living by Dr Alex,
Beating The Street by Peter Lynch
And
How To Make Money In Stock by William J O Neil.
From the above books, I deciphered these corresponding fundamentals/cautions;
-buy shares that show a 25% increase on its current EPS at its most recent quarter.
-buy shares that have at least 20- 40% annual growth.
-don't buy when a share trends SOUTH irrespective of its price. Buy only when it trends NORTH and must have showed a 5% increase.
-cut loss at -5%.
-set your sell-price at within +20-40%
-be fearful while others are greedy and vis versa.
-etc.
For several months now I have been searching for stock that suits some of the aforementioned in NSE. Which am yet to get.
Does it mean that NYSE fundamentals are different from that of NSE?
If so,
Please, what are the technicalities/fundamentals applicable in NSE?
I hate gambling that's why am digging this deep.

NSE stocks dont obey all these rules. A stock that is leaving the car park hardly gives warning signs except you are an insider. Before you know it, the stock is on full bid and the next time it is available, 50% profit has been made. By the time you finally get it to buy, it goes on full offer!
You just have to make sure you are on board before the bus takes off.

Alternatively, if you want to focus on companies that have been stable over the years eg Nestle, Total, GTB, zenith etc, Wait patiently for them at their 52 week lows and sell after you have made reasonable profit. Imagine Zenith was N8 in January! Mad price

In any case, you need a lot of patience.

I was shocked to read that Zenith Bank "only" gave Fayose N200m after he had won the governorship election!

I can only guess they must have given other governors and politicians who won elections similar amounts (and even more!). Ekiti is a very small state. How much will they give people like Ambode?

Most of these banks spent billions on the elections. All of these monies could have come to shareholders as dividends. Chai diaris God ooooo....