Godisfaithful:
http://www.nse.com.ng/Financial_NewsDocs/12481_LAFARGE_AFRICA_-_BOARD_MEETING_CORPORATE_ACTIONS_MARCH_2016.pdf

Nothing yet from zenith or GTB? This is disappointing.

Born2berich:
Oga elai, welcome back oooo...Oya let's discuss...What do you think is causing the delay in GTB and zenith result? Also, do you think banking stocks like fcmb and fbhn are going to get out of this bad debt mess? I don't think I have seen your post on this issue hence my questions

No be you talk say whenever there is delay like this we need to run for our lives . IMO I think it has to do with impairment losses on loans. For me, I am watching in 7D just in case. I think FCMB will get out of the mess. They were only trying to be transparent, and as usual, by the time they release the awaited "bad" result, I expect to see the usual NSE/MM magic. As for FBNH, I have no comment because it doesn't look like a stock that has bearing (for now).

Born2berich:
Nothing yet from zenith or GTB? This is disappointing.

zenith & Gtb are goin to be in trouble with oga B2beRicher grin

Sir don't worry cooking will soon be done

75...

What's is the current naira to dollar exchange rate at gtb?

FCMB don suffer.......I never see this level of critique before here o

9free:
FCMB don suffer.......I never see this level of critique before here o

But you have seen that level of hype on a stock before, right? Na them them. Thank me later.

Manonamission:


But you have seen that level of hype on a stock before, right? Na them them. Thank me later.

Oj. I dey watch

Elai147:


No be you talk say whenever there is delay like this we need to run for our lives . IMO I think it has to do with impairment losses on loans. For me, I am watching in 7D just in case. I think FCMB will get out of the mess. They were only trying to be transparent, and as usual, by the time they release the awaited "bad" result, I expect to see the usual NSE/MM magic. As for FBNH, I have no comment because it doesn't look like a stock that has bearing (for now).

Yeah, the delay got me wondering because once a company has good results, they will be glad to release it early e.g dangcem, afriprud, UBA (they announced that their result is ready) etc...I believe something is definitely wrong somewhere...i pray am wrong...For fcmb, I believe so too as they need to be transparent to carry investors along but fbnh has been quiet, not good for investment.

9free:
FCMB don suffer.......I never see this level of critique before here o

No be you dey wait for fcmb for N0.55k junction before? Na you start am

DAAR Communications record 3.4b loss

They will divide the loss by the total no of share and come to your address to demand for payment to clean the loss.

lancee:




zenith & Gtb are goin to be in trouble with oga B2beRicher grin

Sir don't worry cooking will soon be done

75...

Bros, this your cooking don too tay oooooO. You sure say the food never burn finish?

mercylicious:
DAAR Communications record 3.4b loss

biko, r the paying dividend

i have a strong feelins that Zeeeee dividend will be sumptous..... but hw much will uba pay as dividend?

Born2berich:
Bros, this your cooking don too tay oooooO. You sure say the food never burn finish?

The thing don burn from 1.75 to 75 ..u go help us chop am with love this yr

am still refreshing nse page for result

mercylicious:
am still refreshing nse page for result

Wait till tomorrow. Grand papa bull is coming with some results.

mercylicious:


May is never the best time to leave the mkt. i will advise he waits till end of march- after the earning season.

Belo are my top picks for earning season and price as at today.

zenith- 11.00
ubcap- 1.31
afriprud- 2.41
access- 4.07
dang sugar -5.35


caveat. u are the master of ur own portfolio.

smiling at this post.

Mfunkynation:
biko, r the paying dividend

maybe yes from dasukis atm
alfa dey burn you,dey ask for moustache

http://nairametrics.com/highlights-of-fcmbs-conference-call-to-investors/
this useless directors need to quit or better still forget salaries and allowances till the bank is brought back to shape
2 legit to quit.
you need to be Hot LVG

Born2berich:
Nothing yet from zenith or GTB? This is disappointing.

Sir Born, CHILL and RELAX one more time . Tomorrow is another day lol

Born2berich:
Yeah, the delay got me wondering[b] because once a company has good results, they will be glad to release it early[/b] e.g dangcem, afriprud, UBA (they announced that their result is ready) etc...I believe something is definitely wrong somewhere...i pray am wrong...For fcmb, I believe so too as they need to be transparent to carry investors along but fbnh has been quiet, not good for investment.

Even Baba Nestle is yet to release theirs. Extrapolating from their Q3 they should have good FY'15 report. I am hoping the delay is due to other factors.

http://www.zerohedge.com/news/2016-03-03/opec-ministers-now-resorting-outright-lies-desperate-attempts-push-price-oil-higher

The key (recurring) catalyst for today's early spike in oil, was the latest desperate attempt by an imploding OPEC member,

this time Nigeria to push oil higher when overnight its petroleum minister Emmanuel Kachikwu said that key members of OPEC intend to meet with other producers in Russia on March 20 to renew talks on an agreement to cap oil output, Nigeria’s petroleum minister said.

The headlines in question:
NIGERIA OILMIN SAYS OPEC/NON OPEC TO MEET ON MARCH 20 IN RUSSIA
NIGERIA OIL MIN SEES DRAMATIC PRICE MOVE AFTER OPEC/NON-OPEC
NIGERIA OILMIN SAYS OPEC/NON OPEC TO MEET ON MARCH 20 IN RUSSIA

As Kachikwu hopefully added, "there will be a dramatic price movement” when the meeting takes place.
As a reminder, oil-exporter Nigeria recently saw its dollar reserves dry up, forcing it to beg for a massive loan from the World Bank as the current price of oil dooms this particular nation to a very painful economic collapse.

Sure enough, the algos bought this hook, lie and sinker and proceed to force another attempt at squeezing near record shorts.

The only problem is that moments ago, we got confirmation that not only are such desperate attempts to prompt "dramatic price movements", higher of course, laughable, they just suffered a spectacular loss of credibility when moments ago Reuters reported that no decision on the date or venue of a possible meeting between OPEC and non-OPEC producers has been made yet, a Gulf OPEC delegate said on Thursday.

"There has been no decision made regarding the meeting yet. No date or location decided yet. The Gulf countries prefer that it would be held in the first half of April, and preferably in Doha, or some other Gulf city," the delegate told Reuters.

"We are looking forward to having a good meeting and positive results."
Perhaps, but in the meantime you just outed one of the nations most impacted by the ongoing oil rout as nothing but a cheap liar, although in retrospect few would be surprised that the nation which unleashed on the world the infamous email scam is capable of stooping so low.

Intendy:
http://af.reuters.com/article/nigeriaNews/idAFL8N16B1F0

Good one baba,keep us posted

Please any news on DangSugar? Why the sudden U turn from South to North?

Elai147:


Even Baba Nestle is yet to release theirs. Extrapolating from their Q3 they should have good FY'15 report. I am hoping the delay is due to other factors.

Nestle and WAPCO 2015 FYE results would definitely be impressive...Smart investors should take position on these stocks now to avoid Afripud/DangoteCem/UBA rush...my one cent.

Good am peeps.

Coolcash1:


Nestle and WAPCO 2015 FYE results would definitely be impressive...Smart investors should take position on these stocks now to avoid Afripud/DangoteCem/UBA rush...my one cent.

Good am peeps.

Morning Bro,

I suspect you are correct about WAPCO where I am long... entered at N81.00K... Hopefully they can pay N3.5 or N4 in dividends

But NOBODY is selling

Yesterday only small units (i think about 5,000) was available at N85.00k meanwhile over 700k bids at between N77 & N81

Anyway will try for N80 at 9:30am this morning... maybe I will be lucky

(I no get money for Nestle now plus haven't done any analysis on it)

debeey87:


Good one baba,keep us posted

The DOGS will soon be given the BONE.... .

When there was huge meat on the bone, they FIRE-RINGED it...

Waiting and Watching......

IDEA: List and find a backyard method to recover the FINE you paid to FG. Remember DAAR,JAPAUL, ETC...noting our regulators will help you RECOVER ALL you lost. Nigerians will surely recover this FINE for MTN if this COY lists!!! NSE/SEC etc will be willing agents to prosecute the RECOVERY MISSION from PART 1 to PART 3...
PROSHARE will be like, HURRY WHILE OFFER LASTS, JUST BUY!!! YOU ARE ALMOST LATE!!!...

zendi:
Exatly what you whispered to yourself, no doubt, when you saw people buying tigerbrands at 0.98.
Don't be too irate over the fcmb matter. Everybody here is not into orthodox, conservative investing.
Some of us here, playing with our own money, are hard-nosed speculators, willing to take calculated risks for the chance of higher returns.
Speculators have their place in the stock market .
So since the profit warning, I entered fcmb for the first time today at 0.68, willing to escort it down to the the car park if that be its destination.
May not make sense to you because of your own orientation, but may make sense to another.
Everybody does not need to operate by the same investment strategies and objective.
That kola nut is bitter in your mouth does not mean there are not people who value it.

Why did you buy it at 0.98 when you could have bought it at 0.88. In other words FCMB will still fall further!

BEWARE: Anyone buying FCMB today will lose money!

bigass:



I hope this will bring FCMB to 0.58K so i can buy more!!!!!!!!!! and sell to your peeps at 1.08K

you are correct dear lady, FCMB is still going down to 0.50... so why buy at 0.68, of course unless you want to dump it at 0.88 on undiscerning investors

********Do Not Buy FCMB it is still going down*************

NuttyChoky:


Morning Bro,

I suspect you are correct about WAPCO where I am long... entered at N81.00K... Hopefully they can pay N3.5 or N4 in dividends[i][/i]

But NOBODY is selling

Yesterday only small units (i think about 5,000) was available at N85.00k meanwhile over 700k bids at between N77 & N81

Anyway will try for N80 at 9:30am this morning... maybe I will be lucky

(I no get money for Nestle now plus haven't done any analysis on it)

Assuming N4 is paid i.e N81/N4 = N20.25....You are paying N20.25 to get a little less than N1.00 considering TAX.
You will envy AFRIPRUD like me. we are learning.....