Agbalowomeri:


Facts behind the figures sir😂
Once Forex earning is done and with all these rights issues and attendant dilution, let me siddon for my N18 yunction

I don't understand. unless the Naira gains strongly against the dollar, I don't see how the forex earnings aren't baked in. With regards to the rights issue, raising more capital for a bank as efficient as GTB is a good thing.

Anyways, GTB is my second largest position. My main focus is FCMB. Those guys raised like N26b at 16%. Today rates are over 30%. That's easy money right there.


My oga please I am very much open to being told I am wrong. I love to hear counter arguments cause I may not be seeing something

ndept:
I like this new version of you. The moment you realize that there is no need to be confrontational with anybody, the more you have peace in your inner minds.

Thank you.
My dear there isn't really much to this life.
...is that simple!

Reasonableness is'nt about one's level of engagement with others, but their ability to strike a proper balance between knowing when to show restrain and leaning towards maturity.
When people indulge in extremities, apparently engrossed with everything about you, it's usually for one of two reasons;
Either you're doing something truly right or you've set a remarkable precedence.
...it's also why there are established connections to words like envy and inferiority complex.

Those in the medical field will also inform of the link to HBP and insomnia and quite frankly, I can't agree more!
I sincerely hope that some folks here don't develop those. For me I prefer to be calm, happy and FOCUSED.

I know the folks behind these sinister acts.
The behavior in recent times has been nothing short of laughable.
How do you explain the fact that someone will open several A/c with different usernames so he could advertise his often egocentric move, reply to himself and doll out "likes", just so they gain visibility and believability. ...it's the level of desperation for me!
I've never seen this sought of disposition before.

Funny enough, some of this same folks have reached out to me for advice in time past. ...they'll use a different username from behind and come here to engage with the traditional ones. Strange, you'd say!

We know how deep-rooted we are in the financial markets. ....those who truly know can attest to our level of expertise, but am really not one that like to blow my own trumpet.
...I prefer to live and lead a simple and humble life. In the end, it's Divine that make all things possible!

Only if the Agbayayas can give up already. ...only if they knew that they're INCAPABLE of getting me upset.
If only these set of humans can devote just a quarter of the time they dissipate towards thinking, talking and even dreaming about Onegentleguy, am sure they can add more value to their lives.
Well, they might as well continue. ...afterall, they are doing a nice job in helping us gain more popularity.
I seem to be driving some persons crazy. ...what a world we live in!

We will continue to do our thing. ...but in honesty and sincerity of purpose as always.

It is well.

megawealth01:
Day two full bid... Any news on unity bank?

Fake pump. Poured in just 2m units to test demand, now it’s no longer on full bid lol

bovali:


Fake pump. Poured in just 2m units to test demand, now it’s no longer on full bid lol

We are watching closely

VFDGROUP
Full bid for the 3rd day after markdown.....
Big Ogas holding their stakes so tight
Africa Prudential make una come dey move this thing nah.....
Make I go research the MM self.

yMcy56:
VFDGROUP
Full bid for the 3rd day after markdown.....
Big Ogas holding their stakes so tight
Africa Prudential make una come dey move this thing nah.....
Make I go research the MM self.

They should help me move it back to MP before the MD

megawealth01:


We are watching closely

My average entry is 1.27, still holding some but just wanted to check the strength of the rally. Couldnt even fill 2m units at limit up

bovali:


My average entry is 1.27, still holding some but just wanted to check the strength of the rally. Couldnt even fill 2m units at limit up

#1.27 is such a really low buy

nosa2:


I don't understand. unless the Naira gains strongly against the dollar, I don't see how the forex earnings aren't baked in. With regards to the rights issue, raising more capital for a bank as efficient as GTB is a good thing.

Anyways, GTB is my second largest position. My main focus is FCMB. Those guys raised like N26b at 16%. Today rates are over 30%. That's easy money right there.


My oga please I am very much open to being told I am wrong. I love to hear counter arguments cause I may not be seeing something

The last sentence is golden

megawealth01:
They should help me move it back to MP before the MD

MP = Market Price
MD = Markdown

Make una dey speak the language wey we understand o.
So you also have it?

My insurance gurus, my eyes are on AIICO. What are your thoughts?

yMcy56:

MP = Market Price
MD = Markdown

Make una dey speak the language wey we understand o.
So you also have it?

The little I bought since their days in NASD

nosa2:


I don't understand. unless the Naira gains strongly against the dollar, I don't see how the forex earnings aren't baked in. With regards to the rights issue, raising more capital for a bank as efficient as GTB is a good thing.

Anyways, GTB is my second largest position. My main focus is FCMB. Those guys raised like N26b at 16%. Today rates are over 30%. That's easy money right there.


My oga please I am very much open to being told I am wrong. I love to hear counter arguments cause I may not be seeing something

Sure the Forex gains are baked in for this financial year. What happens next financial year? It's more like a one-off and not sustainable. That's why you don't see the price flying through the roof. Again, they are not allowed to pay dividends with the Forex gains and dividend is the major propeller of banks price appreciation.

On the technical angle, NGSEBNK10 is bearish with formation of lower highs and lower lows on the daily and weekly. Also the daily candles are playing below the Ichimoku clouds.

However, there is a recent volume spike and if NGSEBNK10 could break above the 860 region, we might witness a trend reversal. So, overall I am bearish on the banks.

Ahh talk too much. I dey my house dey sip my garri ijebu.

megawealth01:
The little I bought since their days in NASD

I see..
You must have picked it high over there

megawealth01:

They should help me move it back to MP before the MD

The mark down has happened already ni

Agbalowomeri:


Sure the Forex gains are baked in for this financial year. What happens next financial year? It's more like a one-off and not sustainable. That's why you don't see the price flying through the roof. Again, they are not allowed to pay dividends with the Forex gains and dividend is the major propeller of banks price appreciation.

On the technical angle, NGSEBNK10 is bearish with formation of lower highs and lower lows on the daily and weekly. Also the daily candles are playing below the Ichimoku clouds.

However, there is a recent volume spike and if NGSEBNK10 could break above the 860 region, we might witness a trend reversal. So, overall I am bearish on the banks.

Ahh talk too much. I dey my house dey sip my garri ijebu.

Thanks. I'll rejig my spreadsheet and create a column for earnings with out the extraordinary income.

I've already bought though so...... but make I sha depress myself

Your logic make sense sha

bovali:
My insurance gurus, my eyes are on AIICO. What are your thoughts?

Co-asking

Mfunkynation:

The mark down has happened already ni

True.
I didn't even notice that......guess he meant after markdown

Anyone revieved custodian dividends o?

onegentleguy:
For those that subscribed to my outline/recommendations and investment guide--Series 1, a certain construction coy that was recommended @ btw N30—31 has already delivered a whooping approx 200% ROI in view of the current market price.

Should be time to exit or gradually reduce your stake if you are yet to do so. (the outline is a handy guide)
You can always redirect funds to the few other asset names that are yet to deliver great returns.
...4 coys already on my mind. (3 are there in the outline series 2)

It is well

onegentleguy:

Seems "VERI has decided to wear it's KAP again!"
Might sweep the supply-side liquidity @ it's 52-W high of 84k and create a new one.
....it's a mid term play!

#growthplusvalue

It is well.

Veritasically appreciating.

Yet another over 200% return (213% to be precise) for the early subscribers of my outline/recommendations and investment guide--Series 1.

Like the construction coy mentioned above, this may also be a good time to exit or reduce a proportion of one's stake to lock in profit and book an appreciable CGY.

#Veritaskap
#growthplusvalue

It is well indeed!

Agbalowomeri:


Sure the Forex gains are baked in for this financial year. What happens next financial year? It's more like a one-off and not sustainable. That's why you don't see the price flying through the roof. Again, they are not allowed to pay dividends with the Forex gains and dividend is the major propeller of banks price appreciation.

On the technical angle, NGSEBNK10 is bearish with formation of lower highs and lower lows on the daily and weekly. Also the daily candles are playing below the Ichimoku clouds.

However, there is a recent volume spike and if NGSEBNK10 could break above the 860 region, we might witness a trend reversal. So, overall I am bearish on the banks.

Ahh talk too much. I dey my house dey sip my garri ijebu.

Oga Agba let me play the devil advocate on the fundamental part of your above thesis (i would leave the technical side to the in house expert like BullBearMarket and others)

Considering that the FX gain are baked in this year (just like last year also, i.e. two year running now) and that the regulator is not allowing distribution from it, do you think those gains would be idle in the books / operations of the banks. E.g would the about a trillion FX gain by UBA (2023&2024 inclusive) be lying down idle (considering its not allowed to be distributed) or it would be employed for further gain like all other capital in its arsenal. if employed for further gain wont that be impacting the bottomline going forward? let assume at current risk free rate of at least 20% as is currently isn't that an extra 200billion impacting the bottom-line going forward for UBA as an example (it would be practically the same for all other banks)?.

yMcy56:

I see..
You must have picked it high over there

YES

robobo:




Oga Agba let me play the devil advocate on the fundamental part of your above thesis (i would leave the technical side to the in house expert like BullBearMarket and others)

Considering that the FX gain are baked in this year (just like last year also, i.e. two year running now) and that the regulator is not allowing distribution from it, do you think those gains would be idle in the books / operations of the banks. E.g would the about a trillion FX gain by UBA (2023&2024 inclusive) be lying down idle (considering its not allowed to be distributed) or it would be employed for further gain like all other capital in its arsenal. if employed for further gain wont that be impacting the bottomline going forward? let assume at current risk free rate of at least 20% as is currently isn't that an extra 200billion impacting the bottom-line going forward for UBA as an example (it would be practically the same for all other banks)?.

Exactly. Plus I am calculating EPS minus FX gains and we are looking at PE ratios of about 2. That's still bleeding cheap

What most people fail to realize is that one person can put multiple bids, same price, same time making full bids. E go do people like film when full bids go turn turn to full offers within ...

Agbalowomeri:


Sure the Forex gains are baked in for this financial year. What happens next financial year? It's more like a one-off and not sustainable. That's why you don't see the price flying through the roof. Again, they are not allowed to pay dividends with the Forex gains and dividend is the major propeller of banks price appreciation.

On the technical angle, NGSEBNK10 is bearish with formation of lower highs and lower lows on the daily and weekly. Also the daily candles are playing below the Ichimoku clouds.

However, there is a recent volume spike and if NGSEBNK10 could break above the 860 region, we might witness a trend reversal. So, overall I am bearish on the banks.

Ahh talk too much. I dey my house dey sip my garri ijebu.

My oga ,you don shift the goal post again.It was never because of dividend pay out and recapitalisation thar you said bank shares will go south when you sold. The bank dividend for last Yr was not bad going by the previous yr.It was just that we expected more going by forex gain.Now you are hanging your call again on recapitalisation. I don't agree on that.The banks with good management will produce wonderful results with bigger capital. A good business man will always do better with more fund.You can go verify from alhaji dangota
Finally ,my conclusion you no get watin you hold hand on your call right now beside liuck/hope.You don't have fundamentals to back up.And on TA some ogas here who use it will equally have different views on the reading of that your cloud

Chams on full bid.

Wey that my 1.40 friend?

https://doclib.ngxgroup.com/Financial_NewsDocs/41466_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_NNPCL'S_DISCONTINUANCE_OF_COURT_PROCEEDINGS__CORPORATE_ACTIONS_JUNE_2024.pdf

KayOn1:
Chams on full bid.
Wey that my 1.40 friend?

Streetinvestor2

Make I follow blow my on trumpet. I made a call on cham at #1.80 to double by yr end though I loaded more at #1.40-#1.50.The price don touch #2.30 in just one week.

I go soon begin monetise my calls too,lol

My call for oando case on Monday is that it will be favourable to minority shareholders. I expect surprise discontinual or withdrawal of the case.

Na the two stocks I said will give 100% this yr oh

yMcy56:

Streetinvestor2

watin I do chair lady

I iniated a withdrawal yesterday through the trading platform and without sending any mail, my account was credited before the close of work.

ndept:
To get cash/transfer withdrawals into ones' bank from Morgan Capital these days is a bit frustrating. You will send them mails for about 4 days consecutively. Beside this email below, does any one know any other mail they are using:

info@morgancapitalgroup.com
yemisio@morgancapitalgroup.com
research@morgancapitalgroup.com
tradingdesk@morgancapitalgroup.com

Boss

Streetinvestor2:
Make I follow blow my on trumpet. I made a call on cham at #1.80 to double by yr end though I loaded more at #1.40-#1.50.The price don touch #2.30 in just one week.

I go soon begin monetise my calls too,lol

My call for oando case on Monday is that it will be favourable to minority shareholders. I expect surprise discontinual or withdrawal of the case.

Na the two stocks I said will give 100% this yr oh