FrankTalk1:
What is happening to sterling Bank? Some guys may be seeing what we are not seeing!

I am watching it on iTrade and wondering the same. Am trying to run some quick analysis but nothing impressive about them so far.

Where are the prophets here ? any word from the mountain?

pdozie:


LOL - 5800 naira

I tire Ooooh.

Because I know the price of FCMB.

I thought you were calculating per share.

Immediately FCMB hit 3 Naira, I don port.

Born2berich:


Rule number 1: Buy low sell high.

No sir. I beg to differ with you! Your rule only apply to long term investors. The best rule for short term is to Buy high and sell higher. Buying when the prices are falling is like trying to catch a falling knife.

Kevostica:

I think Oando wants to divest and list its downstream in Nse. could that be the reason?

Oando stock had stagnated for the following reasons (1) The crude oil price crash. This has not been the best of times for crude oil producing/exporting companies and nations around the world. (2) The general Nigerian Market condition occasioned by the said crude oil crash, the naira crash and election blues, and (3) News drought. Oando stock thrives on Press Releases with forward looking statements , and there have not been many Press Releases coming out of Oando lately. As for the divestment, they should thank their stars they had not foolishly gambled away their downstream business, just when oil companies around the world are falling back on their downstream operations (refining arms and all that) to help them weather the effect of the upstream crash. I'm sure that divestment is dead, unless the oando fathers are in cahoots with the buyers of the downstream biz.

My people, long time no see.
What will be the effect of devaluation on our industries and export e.g unilever PZ e.t.c.

FrankTalk1:


No sir. I beg to differ with you! Your rule only apply to long term investors. The best rule for short term is to Buy high and sell higher. Buying when the prices are falling is like trying to catch a falling knife.

Ok sir, time will tell.

For every buyer there is a seller, and the future will prove one of them to have made a mistake- Oracle.

#Issokay

Why is NSE preventing some stocks from falling, like Transcorp with current price of 2.85 naira and you cant bid lower than that ref price today, also UBA with reference price of 3.70 and you cant bid lower than 3.69 today and among others. Does anyone has an insider info on this?

Born2berich:


Ok sir, time will tell.

For every buyer there is a seller, and the future will prove one of them to have made a mistake- Oracle.

#Issokay

Hw do i knw my order is executed n if nt, hw do i cancel n place anoda order?

NB's ex div is tomorrow and it may cross the 149 resistance after today. Looking like a good buy for div payout and capital gain, at current price.

duni04:
NB's ex div is tomorrow and it may cross the 149 resistance after today. Looking like a good buy for div payout and capital gain, at current price.

Can i buy tomrow and still qualify for the dividend?

Dragonking:


Can i buy tomrow and still qualify for the dividend?

whoever buys before its marked down is entitled, i think...

duni04:

whoever buys before its marked down is entitled, i think...

is d mark down today or tomorw

Dragonking:


is d mark down today or tomorw

tomorrow, 5th of march

duni04:

tomorrow, 5th of march

i dnt have cash today but intend to buy tmrw..that means if i buy tomrw i will not qualify for the dividend

Jejebaba:
Why is NSE preventing some stocks from falling, like Transcorp with current price of 2.85 naira and you cant bid lower than that ref price today, also UBA with reference price of 3.70 and you cant bid lower than 3.69 today and among others. Does anyone has an insider info on this?

The prices you see on the reference list are predetermined by the market makers before start of trading each day. Those prices are direct functions of bid & offer prices of previous day trade. If a stock closed on serious bid the previous day, market makers will set the next day price band with 9-10% . Reverse is the case with a stock that closed at net offer. you are likely going to see the price band set at a lower % markup .

Dragonking:


i dnt have cash today but intend to buy tmrw..that means if i buy tomrw i will not qualify for the dividend

i think the mark down is usually done at mid day

duni04:

whoever buys before its marked down is entitled, i think...

Not so. Whoever buys before cob today qualifies for the dividend. Most investors sell after qualifying.

zendi:
Oando stock had stagnated for the following reasons (1) The crude oil price crash. This has not been the best of times for crude oil producing/exporting companies and nations around the world. (2) The general Nigerian Market condition occasioned by the said crude oil crash, the naira crash and election blues, and (3) News drought. Oando stock thrives on Press Releases with forward looking statements , and there have not been many Press Releases coming of Oando lately. As for the divestment, they should thank their stars they had not foolishly gambled away their downstream business, just when oil companies around the world are falling back on their downstream operations (refining arms and all that) to help them weather the effect of the upstream crash. I'm sure that divestment is dead, unless the oando fathers are in cahoots with the buyers of the downstream biz.

Was surprised when I saw this in the morning.

http://www.proshareng.com/news/26174.html

kotlass:


Not so. Whoever buys before cob today qualifies for the dividend. Most investors sell after qualifying.

thanks.that means even if i buy tomrw i wont still qualify for the dividend?

kotlass:


Not so. Whoever buys before cob today qualifies for the dividend. Most investors sell after qualifying.

yea thats actually why i brought the issue here. You think NB will rally on and go beyond 149 after the mark down. 149 is the resistance and its doing 150 now

kotlass:


Was surprised when I saw this in the morning.

http://www.proshareng.com/news/26174.html

This is indeed remarkable! Why didn't they let their shareholders know they were not exposed to the oil price slump like everyone had assumed?

Please i need a guide on how to go about the knowledge of the stock market, am a pure novice, i don't understand anything in the market at all

duni04:

This is indeed remarkable! Why didn't they let their shareholders know they were not exposed to the oil price slump like everyone had assumed?

It was an already known fact. Oil price slump affects upstream players negatively and downstream players positively. Those who lacked the knowledge were scared not knowing that it is a huge boost for the downstream Oil and Gas sector.

duni04:

This is indeed remarkable! Why didn't they let their shareholders know they were not exposed to the oil price slump like everyone had assumed?

They said it that their production was hedged at 100 USD or thereabouts until 2016.
the new just confirms it.
It is a smart move in my opinion by cashing out now.

duni04:

yea thats actually why i brought the issue here. You think NB will rally on and go beyond 149 after the mark down. 149 is the resistance and its doing 150 now

I wish I knew. But just to inform you that "mark down" is done to discount corporate action taken (dividend/bonus) from the share price of a stock. So expect that on the Mark down date, the price of the stock falls by the value of the div/bonus declared. E.g if NB plc declares a 1: 1 bonus, thus doubling it's OS, then the price will be slashed in half on the mark down date. Market capitalization remains almost the same.

Stock market is funny o. So what happened to all the negative news on FBNH? They no longer exists or investors have suddenly forgotten? FBNH seen at N8.30.

kotlass:


Was surprised when I saw this in the morning.

http://www.proshareng.com/news/26174.html

with decline in crude oil price, when will Oando finish paying their debt of $615 million (USD), I think forward looking statement, (from #95 per a barrel to #65 per a barrel) may be till 2019. What will be the condition of Oando within this their debt period? Movement toward northern pole or southern pole? Or forward looking statement?

kotlass:
Stock market is funny o. So what happened to all the negative news on FBNH? They no longer exists or investors have suddenly forgotten? FBNH seen at N8.30.

wait till you see season five, remember trap exist.

It's like Chibuking81 & BEAR dey share the same Duffel. You like Bear and Trap kinda gist too much.

If you warn them and dem no gree, free them naaaaaa, no b by force to heed to your warning .