mercylicious:


Are they going to fully provision for the 96b loan to atlantic energy? from kachikwu;s statement, that loan is considered as lost.
time will tell.

Youngzedd:


Same happened to me. I didn't fund my Morgan account on time yesterday. I thought it will still go down today.

Just holding parker and broom

rebekah2011:


Buying FBN now is a trap. The stock is not worth more than N1.5. The coy is going to report loss in 2015 accounts. I don't understand the optimism around the stock. The Board and management should be sacked.

rebekah2011:


Buying FBN now is a trap. The stock is not worth more than N1.5. The coy is going to report loss in 2015 accounts. I don't understand the optimism around the stock. The Board and management should be sacked.

Intendy:
 A total of 5,909,497,252 ordinary shares of 50 kobo were added to the outstanding shares of Cornerstone Insurance Plc to serve as Purchase Consideration for Acquiring 96.68% Stake in FIN Insurance Plc Company Ltd. By this action the total outstanding shares of the company is now 14,729,507,615.

currentprice:


check below brother

In the recent market environment, Buffett has aggressively been adding to stakes in key sectors of the economy. Energy is one of those. One of Buffett’s more famous proverbs is to “be greedy when others are fearful.” He did just that at the depths of the financial crisis, buying bank stocks. And recently he’s been taking advantage of the beaten down energy sector to load up on premium stocks at distressed valuations.

megainvest:
Something nice to read

http://www.forbes.com/sites/bryanrich/2016/02/26/warren-buffetts-concentrated-six-stock-portfolio/

This part of the article re-echoes one of my strategies.



In other words, when great stocks with good long term potentials get battered due to short term challenges, get buying.

Coolcash1:


I would advice careful financial planning..You need to commit only idle funds to long term stocks...ie don't put money you would need in the short term on such stocks...Nevertheless, Mr. Buffet's recommendation is a tested and proven wealth building strategy..I concur.

DeRuggedProf:



Let him come and buy OANDO and FBNH. He is lucky to operate in a SANE country where humans value their family names....

Coolcash1:


I would advice careful financial planning..You need to commit only idle funds to long term stocks...ie don't put money you would need in the short term on such stocks...Nevertheless, Mr. Buffet's recommendation is a tested and proven wealth building strategy..I concur.

DeRuggedProf:



Let him come and buy OANDO and FBNH. He is lucky to operate in a SANE country where humans value their family names....

megainvest:
Mr Market does not respond to anything but demand and supply. The price of stocks can only be determined by the flow of money. Those who we refer to as manipulators simply determine the price of the stocks by buying or selling large volumes at pre-determined prices within the provisions of the market. 'Manipulation' costs money. As I have said before, if you have the money, you can do the same!

Your success in this market will depend on your ability to understand and take advantage of the forces that influence this flow of money. Welcome to the stock market.

Coolcash1:


@megainvest, I disagree with you totally on the bold statement. For instance, as at close of Friday trading the total volume of trade on Seplat shares was less than 12k with a total market value less than N4m and the price, surprisingly went north by N10 to close at N340. Meanwhile, FO that had almost same value of trade saw its share price unchanged.

The point here is price manipulation is not based solely on large volume..Assuming the market is truly an efficient one and regulators alive to their resoonsibility, price movement would largely be driven by unexpected information reflecting investors reaction to it...

megainvest:


The rules are simple. Let me help out. The price changed because someone was willing to buy up the offers including at least N10,000 units of SEPLAT at N340. Note that for high priced stocks, prices change when you trade 10,000 units of the stock at a price different from the previous price. If you check well, you will see that FO price did not change with the volume because the trade price was not different.

If you read what I wrote earlier again, you will see that I didn't just mention 'large volumes' alone, I also added 'at predetermined prices'. The volume and the price go together. I chose those words carefully.

People fear what they don't understand and hate what they cannot conquer. Read the rules again and you will get the picture clearly.

DeRuggedProf:



Let him come and buy OANDO and FBNH. He is lucky to operate in a SANE country where humans value their family names....

PETERiCHY:
http://www.bloomberg.com/news/articles/2016-02-23/saudi-arabia-to-u-s-oilmen-cut-costs-or-get-out-of-business

The world’s most powerful oilman brought a harsh message to Houston for executives hoping for a rescue from low prices: high-cost producers -- many of them sitting in the room -- need to either “lower costs, borrow cash or liquidate."

"It sounds harsh, and unfortunately it is, but it is the most efficient way to rebalance markets,"

The freeze agreement isn’t "cutting production. That is not going to happen," Naimi said.

“It’s going to be really, really ugly to get through this valley,”

bolabiyi:
Wish I could spy into Zenith books right now....All eyes opened..no dulling..

ufotty2001:
please, I thought that before year end financial statement will be release! Banks/ Companies will first of all call on AGM of all shareholders to look into the statement.. All banks are yet to call on AGM excluding fcmb on the 11th march .. ? Banks such as zenithbank, gtbank, and access bank will release good results!!