IHelp:

Wake up!!

any one that is sleeping, is he or she doing like this ?

IHelp:


SMH. You are still far.
Companies/investors are out to make money. They don't come to countries where the government of the day is not serious.
Let's not change the topic of thread.
Ask questions/read articles from the right sources to get updated.
#We learn everyday

No company will come
If you don't show them you can get what the have in your own country . I Guess you need to learn about progressing Govt and a progress Govt

BMZK:
Is there anything wrong with MC trading platform?
Check Tigerbrands, you will notice 2 millions bids at N1.15 and 1 million offer at the same same price N1.15 but no trading is taking place.
Hope it is not a bug..

There is an option of " fill or kill" on itrade when trying to buy. If you use that option, if there is no bid to match ur quantity at your price, the transaction will not be executed.

mercylicious:



There is an option of " fill or kill" on itrade when trying to buy. If you use that option, if there is no bid to match ur quantity at your price, the transaction will not be executed.

Noted

Will First Bank Shares Drop Below N3 In March?
NAIRAMETRICS
FBNH the holding company of First Bank and other non banking financial institutions is expected to release its 2015 full year results around the middle of March 2015. Investors are said to be apprehensive about the results believing that profits could come down significantly lower in 2015 than what it was at the end of 2014.

FBNH’s 2015 9 Months results showed pre-tax profits dropped by about 19% to N59 billion a factor made worse by huge loan impairments. The bank posted loan impairments (anticipated loans that could go bad) of about N46.6 billion in the first 9 months of 2015 about 249% higher than the N13.3 billion reported in 2014.



Indications therefore suggest that the loss provisioning could be higher at the end of 2015 following the further drop in the price of oil. Brent Crude for example has tumbled from about $55 in October 2015 to as low as $30 in 2016. This drop means First Bank’s exposure to the upstream end of the oil and gas segments could be further impaired. First Bank is said to have over 70% exposure to the oil and gas and Real Estate Sector which as at October 2015 had contributed to raising its non performing loans ratio to about 4.5%.

One particular oil and gas customer, Atlantic Energy is said to owe First Bank about $400 million which we believe could be impaired. The bank in its earnings update back in October had confirmed that the company had overdue interest payments which it could most likely classify if it doesn’t get paid. If it does, the bank’s profits could be significantly impaired and could lead to a loss for the last quarter of the year.

First Bank 1 year Price Chart, Source: Bloomberg
First Bank 1 year Price Chart,
Source: Bloomberg

These factors appear to have weighed down negatively on the stock with the share price returning an estimated year to date loss of 27%. The share price has also shed over 40% since it last released its result keeping it at a price earnings ratio of 1.5x and price to book ratio of about 35%. First Bank shares has lost around 35% of its value in the last one year.

Apart from its weak profitability outlook, the momentum seems to be off for the bank with technicals suggesting a “strong sell” for the bank’s shares. Despite the apparently low valuation it appears the bottom may still be N1 away as investors continue to send bears down the way of financial stocks. If the bank reports an earnings per share below N1.5 then at its current price earnings multiple of 1.5 the share price could trade at around N2.5. FBNH also last paid dividend per share of 10kobo and bonus shares of 1 for 10.

A repeat of that will put dividend yield at about 2.5% further denting the attractiveness of the stock. It is however, unlikely that the bank will pay dividends of less than 30 kobo per share considering this current share price. A 50 kobo per share dividend will probably cost the company around N15 billion which could imply anything between 30-50% of full year profits depending on what it reports in its performance in the fourth quarter of 2015. Shareholders will hope that this occurs to avoid another rout on the stock.

BMZK:
Is there anything wrong with MC trading platform?
Check Tigerbrands, you will notice 2 millions bids at N1.15 and 1 million offer at the same same price N1.15 but no trading is taking place.
Hope it is not a bug..

I noticed that zenith bank and dangote cement are not listed under equity but premium. How can someone buy and sell those stocks using I-trade?

Crude Extends Gains After Iran Supports Oil Production Freeze

http://www.bloomberg.com/news/articles/2016-02-16/oil-holds-near-29-as-saudis-russia-freeze-output-amid-surplus

Dollar now N365
This the only good thing Pa Buhari is doing for foreign investors.

He actually promise to turn 1dollar to 1k but most people mistook it for 1Naira

PETERiCHY:
Dollar now N365
This the only good thing Pa Buhari is doing for foreign investors.

He actually promise to turn 1dollar to 1k but most people mistook it for 1Naira

Kai Buhari

PETERiCHY:
Dollar now N365
This the only good thing Pa Buhari is doing for foreign investors.

He actually promise to turn 1dollar to 1k but most people mistook it for 1Naira

This is the problem GEJ&co keep befor goiog out but all is well CBN governor have to go any time from now .

What do you need dollars for that you can get it in Nigeria ?
Start thinking about Naira and stop thinking about dollar[/quote]

There are many legitimate and necessary needs for foreign currency if not the Govt itself will not be seeking foreign loans, abi na Naira those countries or bodies go give us.

Josh121:


What do you need dollars for that you can get it in Nigeria ?
Start thinking about Naira and stop thinking about dollar

We need dollars o. Let's not deceive ourselves.

PETERiCHY:
Dollar now N365
This the only good thing Pa Buhari is doing for foreign investors.

He actually promise to turn 1dollar to 1k but most people mistook it for 1Naira

when are we going to have a functional head at the aso rock .
oh GOD have macy on your people see the way people's hard eared cash just de met because of one old man from daura. I cursed all those who forced this man on us.

ufotty2001:
Will First Bank Shares Drop Below N3 In March?
NAIRAMETRICS
FBNH the holding company of First Bank and other non banking financial institutions is expected to release its 2015 full year results around the middle of March 2015. Investors are said to be apprehensive about the results believing that profits could come down significantly lower in 2015 than what it was at the end of 2014.

FBNH’s 2015 9 Months results showed pre-tax profits dropped by about 19% to N59 billion a factor made worse by huge loan impairments. The bank posted loan impairments (anticipated loans that could go bad) of about N46.6 billion in the first 9 months of 2015 about 249% higher than the N13.3 billion reported in 2014.



Indications therefore suggest that the loss provisioning could be higher at the end of 2015 following the further drop in the price of oil. Brent Crude for example has tumbled from about $55 in October 2015 to as low as $30 in 2016. This drop means First Bank’s exposure to the upstream end of the oil and gas segments could be further impaired. First Bank is said to have over 70% exposure to the oil and gas and Real Estate Sector which as at October 2015 had contributed to raising its non performing loans ratio to about 4.5%.

One particular oil and gas customer, Atlantic Energy is said to owe First Bank about $400 million which we believe could be impaired. The bank in its earnings update back in October had confirmed that the company had overdue interest payments which it could most likely classify if it doesn’t get paid. If it does, the bank’s profits could be significantly impaired and could lead to a loss for the last quarter of the year.

First Bank 1 year Price Chart, Source: Bloomberg
First Bank 1 year Price Chart,
Source: Bloomberg

These factors appear to have weighed down negatively on the stock with the share price returning an estimated year to date loss of 27%. The share price has also shed over 40% since it last released its result keeping it at a price earnings ratio of 1.5x and price to book ratio of about 35%. First Bank shares has lost around 35% of its value in the last one year.

Apart from its weak profitability outlook, the momentum seems to be off for the bank with technicals suggesting a “strong sell” for the bank’s shares. Despite the apparently low valuation it appears the bottom may still be N1 away as investors continue to send bears down the way of financial stocks. If the bank reports an earnings per share below N1.5 then at its current price earnings multiple of 1.5 the share price could trade at around N2.5. FBNH also last paid dividend per share of 10kobo and bonus shares of 1 for 10.

A repeat of that will put dividend yield at about 2.5% further denting the attractiveness of the stock. It is however, unlikely that the bank will pay dividends of less than 30 kobo per share considering this current share price. A 50 kobo per share dividend will probably cost the company around N15 billion which could imply anything between 30-50% of full year profits depending on what it reports in its performance in the fourth quarter of 2015. Shareholders will hope that this occurs to avoid another rout on the stock.

Sighs! Chai

leo1234:


I noticed that zenith bank and dangote cement are not listed under equity but premium. How can someone buy and sell those stocks using I-trade?

When you go to the buy/sell option. Click on the arrow near equity(market segment), and change to premium.

Need DANGSUGAR @ 5 and below.


FBNH @ 3

FLOURMILL @ 15

PETERiCHY:
Dollar now N365
This the only good thing Pa Buhari is doing for foreign investors.

He actually promise to turn 1dollar to 1k but most people mistook it for 1Naira

There is what we call currency risk. If u are a foreign investor, would u rather keep ur money in dollar or in naira?

Did you see the volume of bluechip stocks that was offloaded today? Foreign investors are fleeing . check d volume traded on 7 up, nestle, guiness, gtb.

Am keeping my fingers crossed.

Hello dear friends, I greet you all.

Am seeing ground ready and good for both investors and trader by month of May 2016, am seeing green in almost all the portfolio. Ups and down in the market seeing to be the things of the past by then, late part of the month of April 2016 follow. I strongly believe this revelation.

mercylicious:

There is what we call currency risk. If u are a foreign investor, would u rather keep ur money in dollar or in naira?

Did you see the volume of bluechip stocks that was offloaded today? Foreign investors are fleeing . check d volume traded on 7 up, nestle, guiness, gtb.

Am keeping my fingers crossed.

Chilax na! Very soon dem go pay dividend. Na speed dem go use come back!!!

Chibuking81:
Hello dear friends, I greet you all.

One love . JOHN 3:16 .

https://www.nairaland.com/2940480/firstbank-achieves-100m-monthly-transactions

The news shows that it is not yet over for FBNH.Q4 could be a game changer.
Ugodre's N3 dream may not be achieved anytime soon.

megainvest:
https://www.nairaland.com/2940480/firstbank-achieves-100m-monthly-transactions

The news shows that it is not yet over for FBNH.Q4 could be a game changer.
Ugodre's N3 dream may not be achieved anytime soon.

let. Wait for report.. Are u still waiting for zenith bank.

http://www.vanguardngr.com/2016/02/naira-depreciates-further-to-n385-in-parallel-market-2/

The naira, yesterday, depreciated further to N385 per dollar in the parallel market as demand for foreign exchange intensified.

This implies the naira has depreciated by N60 against the dollar this week in the parallel market, when compared with the closing exchange rate of N325 per dollar last Friday.

The naira has been on steady decline since Tuesday, January 12, 2016, when the Central Bank of Nigeria (CBN) stopped weekly dollar sale to BDCs.

Prior to this action, the naira traded at N265 per dollar in the parallel market. Consequently, the naira has depreciated by N80 in the parallel market since the CBN took the action.

The steady depreciation was also aggravated by inability of the CBN to meet foreign exchange demand.

PETERiCHY:
http://www.vanguardngr.com/2016/02/naira-depreciates-further-to-n385-in-parallel-market-2/

The naira, yesterday, depreciated further to N385 per dollar in the parallel market as demand for foreign exchange intensified.

This implies the naira has depreciated by N60 against the dollar this week in the parallel market, when compared with the closing exchange rate of N325 per dollar last Friday.

The naira has been on steady decline since Tuesday, January 12, 2016, when the Central Bank of Nigeria (CBN) stopped weekly dollar sale to BDCs.

Prior to this action, the naira traded at N265 per dollar in the parallel market. Consequently, the naira has depreciated by N80 in the parallel market since the CBN took the action.

The steady depreciation was also aggravated by inability of the CBN to meet foreign exchange demand.

woooow!! This is good!!! Zenith, unilever will continue to fall as foreign investors pull out their investment..

Guys! Need ur advice... Zenith bank @ N10, Unilever @N25, mansard @ 1.90, tigerbrand @ 1.07.. Advice please!!!

Exchange Rate Could Hit N400 To $1 By Weekend
NAIRAMETRICS
The exchange rate between the naira and the dollar closed Wednesday at N370 to $1 hitting another new low. The exchange rate has depreciated to a new low every day since last Friday as dollar scarcity continues to bite hard.

Black market operators spoken to by Nairametrics opine that the exchange rate could depreciate to about N400 to the dollar citing the scarcity of the green back as reason.



The exchange rate has been on a downward spiral since the CBN shut out black marker operators from its window starving the parallel market of a major source of forex. Traders also attribute the scarcity to rumours that the CBN could ban sale of forex for school fees and medical tourism.

The disparity between the naira and dollar has created huge arbitrage opportunities with for round tripping. Investigations by Nairametrics also suggest that buyers of personal or business travel allowances at the official rates have also ended up selling all or part of the forex at the black market cashing in on over 40% of their returns.

ufotty2001:
woooow!! This is good!!! Zenith, unilever will continue to fall as foreign investors pull out their investment..

Nigeria as an entity is crumbling you are here talking of companies

I really pity those that still put their hard earned money in this gambling business called STOCK MARKET after all the warning I issued.

Thank God I have raised enough RED FLAG on and before Dec 2015 but some buy buy buy proponents kept shouting it down.

So far dollar has lost almost 100% from the official rate N200 and thats just a tip of the iceberg.

Like i outlined in dec the best form of investment for a Naira holder this year are US DOLLAR, AGRICULTURE, LAND & PROPERTY.

Its those above class of assets that will act as a BUFFER to the forth coming financial HOLOCAUST which will trigger a hyperinflation by year end.

During 2008 global meltdown Nigeria has about $60B reserve which acted as a BUFFER but this time around we don't even know what is left in the coffer,

Because both greedy APC & PDP politicians has used all the dollars for selfish compaign.

*ThE OcToPuS*

[Oil-Rich Nigeria Now Can't Afford to Pay Teachers - Bloomberg Business] http://www.bloomberg.com/news/articles/2016-02-17/nigeria-faces-double-whammy-as-buhari-fails-to-manage-oil-rout

FBNH and Zenith bids increasing with fewer offers left. Are we close to the bottom? Do your DD

megainvest:
FBNH and Zenith bids increasing with fewer offers left. Are we close to the bottom? Do your DD

Nna, do you have any opinion on NEM?

zenith @ 11 d price the institutional investor bought about 2 weeks ago so no shaking for those buying but may still get lower

Intendy:
zenith @ 11 d price the institutional investor bought about 2 weeks ago
so no shaking for those buying but may still get lower

Wasn't there a certain institutional investor that bought millions of units of Oando at 16naira some months back?