carpenter:


Stocks will always go up and down but remember some people bought that same stock at roughly 1naira just in February. So in reality we are back to the same thing...know when to get in or be lucky in getting in.

And there are those that bought at N2.28 last week wednesday............27% as at today. Please, how else does JIJO work? No be to identify stock wey sabi jump upandan?

Finally, I summoned the courage to take final position in FBNH Something must happen between today and next week Friday. Same applies to Skye and Diamond.
Na monkey hunting remain now o. You don see person wey dey talk bad about him own pikin?

I believe the tier 1 banks will fare better in Q1 as seen in the not-too-bad results from GT,Zenith and UBA. By the time the market marries FY + Q1, FBNH fit grow my portfolio.
Audited Q3 results already gave a PAT of N50b, EPS of N1.40. Q4 impairment no fit wipe am out, abeg.

Manonamission:
Finally, I summoned the courage to take final position in FBNH Something must happen between today and next week Friday. Same applies to Skye and Diamond.
Na monkey hunting remain now o. You don see person wey dey talk bad about him own pikin?

I believe the tier 1 banks will fare better in Q1 as seen in the not-too-bad results from GT,Zenith and UBA. By the time the market marries FY + Q1, FBNH fit grow my portfolio.
Audited Q3 results already gave a PAT of N50b, EPS of N1.40. Q4 impairment no fit wipe am out, abeg.

Bought 50k units earlier today... but you don give me morale to colombi another 100k

All die na die!

Valar morghulis!

NuttyChoky:


Bought 50k units earlier today... but you don give me morale to colombi another 100k

All die na die!

Valar morghulis!

LOL

First Monkey.......counting..........who else? (na joke o)

Manonamission:
Finally, I summoned the courage to take final position in FBNH Something must happen between today and next week Friday. Same applies to Skye and Diamond.
Na monkey hunting remain now o. You don see person wey dey talk bad about him own pikin?

I believe the tier 1 banks will fare better in Q1 as seen in the not-too-bad results from GT,Zenith and UBA. By the time the market marries FY + Q1, FBNH fit grow my portfolio.
Audited Q3 results already gave a PAT of N50b, EPS of N1.40. Q4 impairment no fit wipe am out, abeg.

someone mentioned between N80 & N100B provisions. Scary if true!

Manonamission:


LOL

First Monkey.......counting..........who else? (na joke o)

If FBNH no kill me, na me go kill am...

That is the only stock I have a sentimental attachment to because of how e nearly wreck me last year

bigjay01:


someone mentioned between N80 & N100B provisions. Scary if true!

I think they had already provided N46B as at Q3....

Like Manonamission said, their Q1 should be the redemption

NuttyChoky:


If FBNH no kill me, na me go kill am...

That is the only stock I have a sentimental attachment to because of how e nearly wreck me last year

Lol. I am expecting a bad result, maybe I am wrong...so prices will fall. Why buy now?

carpenter:


Lol. I am expecting a bad result, maybe I am wrong...so prices will fall. Why buy now?

If the results are bad.....Price will fall; then you buy more. (I bought my first tranche of FCMB at 99k and the second tranche at 0.70k)

Cos if the result end up not being too bod, it goes on bid and you miss out!

So why not buy now? (actually bought mine at N3.03) and have been waiting to buy more as soon as a bad result is realeased....

Thank God I will only hold for a short time as the 1st qtr result should clear all..

do your DD sha!

*ThE MoNkEy*

feelamong:


If the results are bad.....Price will fall; then you buy more. (I bought my first tranche of FCMB at 99k and the second tranche at 0.70k)

Cos if the result end up not being too bod, it goes on bid and you miss out!

So why not buy now? (actually bought mine at N3.03) and have been waiting to buy more as soon as a bad result is realeased....

Thank God I will only hold for a short time as the 1st qtr result should clear all..

do your DD sha!

*ThE MoNkEy*

Did my buying also...waiting to buy more if it is bad. The aim is to cash out when it goes up so buying more is just a way of reducing my average cost price. So whichever way it goes, am ready to play.

carpenter:


Lol. I am expecting a bad result, maybe I am wrong...so prices will fall. Why buy now?

Just exploring a possibility that the market could have over-reacted to the negative news surrounding this bank. Someone once predicted the bank will sell for N2 but I want to believe the market has factored the bad result into its current price. Anyway, my eyes are wide opened.

First tranche @ N3.04, second @ N3.36/N3.37

Manonamission:


Just exploring a possibility that the market could have over-reacted to the negative news surrounding this bank. Someone once predicted the bank will sell for N2 but I want to believe the market has factored the bad result into its current price. Anyway, my eyes are wide opened.

Oh I see your point...that's a very optimistic view but I like the idea. Thanks

carpenter:


Did my buying also...waiting to buy more if it is bad. The aim is to cash out when it goes up so buying more is just a way of reducing my average cost price. So whichever way it goes, am ready to play.

What majority of investors are banking on is that CBN will not allow FBN to fail. However, they should not forget that it is not FBN guy that is now the CBN governor. Let us trade with caution. FBN will come out with a nice Q1 but of what use is this if they will still end the year with a loss. For now and at their current prices, I will prefer to go with FCMB. FBN is lagging behind in my investment parameters as compared with Zenith and GTB.

u neva can tell it might go d way of FCMB, after d profit warning from FCMB many taught d price will fall to 60k but when dey released Q4 audited result nd declared 10k dividend d price started moving up till 2day, it even closed on bid 2day .... with FBNH anything is possible.

Just occurred to me that FBNH Q3,15 result is not audited so it might not be a true reflection of what FY'15 result will look like.

"Following the preliminary review of FBN Holdings Plc (“FBNH” “FBN Holdings” or the “Group”) Management Accounts for the year ended 31 December 2015, it is expected that earnings will be materially below that of the prior year. The reduction in earnings is as a result of the recognition of impairment charges on some specific accounts resulting from a reassessment of the loan portfolio within our commercial banking business.”

“Our asset quality concerns have further been validated with today’s profit warning. The wording says earnings will be ‘materially lower’ than FY14 but we are unsure if this implies a loss or meagre earnings for the year. On our numbers, we currently forecast a 59-64% YoY decline in PBT and PAT for FY15 to NGN38bn and NGN30bn respectively, implying RoE of 5.7% down from 17% and 12% in FY14 and 9M15, respectively. Management’s CoR guidance post 9M15 results were 3.5%; we’re at 4%. Now, whether 2015 will be a proper kitchen sinking or just the beginning of a medium term asset quality clean-up is unclear but we will be receiving guidance from management post release of FY15 results which should be published late March.”

The bolded were copied from Nairametrics and should serve as a warning to all concerned. However, I took the risk judging by the market reaction to other banks that posted results in which earnings were materially below previous year. I assume Mr market was comfortable with their prices, hence the only way they could go was up. You might not need to exit before markdown and still enjoy capital appreciation.
FCMB
N0.24k (2015) vs N1.12 (2014)

ETI
N0.56k (2015) vs N2.81 (2014)

From the above which type of material are we talking about again?


Disclaimer: If things turn out differently from anticipated........ OYO

Dividend Alert!!!

Dangote Sugar....arrived 17:15

feelamong:


was about to ask this last nite...yet to get mine..

Infact make I call Veritas Registrars now..

Mine has finally dropped. I just got the alert.

Manonamission:
Finally, I summoned the courage to take final position in FBNH Something must happen between today and next week Friday. Same applies to Skye and Diamond.
Na monkey hunting remain now o. You don see person wey dey talk bad about him own pikin?

I believe the tier 1 banks will fare better in Q1 as seen in the not-too-bad results from GT,Zenith and UBA. By the time the market marries FY + Q1, FBNH fit grow my portfolio.
Audited Q3 results already gave a PAT of N50b, EPS of N1.40. Q4 impairment no fit wipe am out, abeg.

the bolded word has sent some people to their early grave and those that survive have uncontrollable hypertension till today,,,, when they think the same way as the ^bolded toward the release of OANDO result last year

One thing I have learnt from this forum is, you can make money bear or bull of you are serious about trading.

Godisfaithful:


Very true sir. There's another one in the making now. Waiting at the right price to login

I guess that oil co you talked before, we need more clues sir

http://oilprice.com/ oil price is just moving up and down. Oando always react with this movement. Price of Oando will still go down little before it pick again, because from the signs am seen oil price will Still go down. But OPEC meeting of June will come with positives outcome that will bring positive impact in oil price.

Oando's going concern assumption is threatened... Invest there at your own risk!

http://www.ft.com/intl/cms/s/0/aed4718c-00c8-11e6-ac98-3c15a1aa2e62.html#axzz46LTP26Ov

NuttyChoky:
Oando's going concern assumption is threatened... Invest there at your own risk!

http://www.ft.com/intl/cms/s/0/aed4718c-00c8-11e6-ac98-3c15a1aa2e62.html#axzz46LTP26Ov

".....notably First Bank, where oil and gas debt makes up 47 per cent of the total loan book" there is fire on the mountain.. would rather wait for the audited result to be reported before jumping in (if at all).

NuttyChoky:
Oando's going concern assumption is threatened... Invest there at your own risk!

http://www.ft.com/intl/cms/s/0/aed4718c-00c8-11e6-ac98-3c15a1aa2e62.html#axzz46LTP26Ov

Kai! This FT is not for people who trade penny stocks of the NSE. Where do I get $6.50 every week to give them?

Good morning house. Please I've got a little issue with Morgan Capital: needed a hundred thousand naira to attend to some engagements so I sent them an email to withdraw the said amount from my MC account.
They sent an email later saying the transfer had been done and my MC account was debited immediately but it's been a week now and I've not seen the money (had to get from a friend), sent them four mails about the 'transfer' that didn't happen but nobody is replying; all their lines are unreachable as well.
This is not exactly what a customer wants to go through when hard-earned money is involved.

nastydamus:
Good morning house. Please I've got a little issue with Morgan Capital: needed a hundred thousand naira to attend to some engagements so I sent them an email to withdraw the said amount from my MC account.
They sent an email later saying the transfer had been done and my MC account was debited immediately but it's been a week now and I've not seen the money (had to get from a friend), sent them four mails about the 'transfer' that didn't happen but nobody is replying; all their lines are unreachable as well.
This is not exactly what a customer wants to go through when hard-earned money is involved.

Kind of worrying to see more and more complaints about Morgan services recently. I hope they are taking note and addressing the issues. It is at times difficult to cope with success and you could start declining.

nastydamus:
Good morning house. Please I've got a little issue with Morgan Capital: needed a hundred thousand naira to attend to some engagements so I sent them an email to withdraw the said amount from my MC account.
They sent an email later saying the transfer had been done and my MC account was debited immediately but it's been a week now and I've not seen the money (had to get from a friend), sent them four mails about the 'transfer' that didn't happen but nobody is replying; all their lines are unreachable as well.
This is not exactly what a customer wants to go through when hard-earned money is involved.

I know this can be infuriating... try sending a mail to morayoj@morgancapitalgroup.com

nastydamus:
Good morning house. Please I've got a little issue with Morgan Capital: needed a hundred thousand naira to attend to some engagements so I sent them an email to withdraw the said amount from my MC account.
They sent an email later saying the transfer had been done and my MC account was debited immediately but it's been a week now and I've not seen the money (had to get from a friend), sent them four mails about the 'transfer' that didn't happen but nobody is replying; all their lines are unreachable as well.
This is not exactly what a customer wants to go through when hard-earned money is involved.

Have you tried +234(1)3429613 and +234(1)4540114 ?

carpenter:
Dividend Alert!!!

Dangote Sugar....arrived 17:15

Still not received mine..i spoke with them and they said I will get it today.....I still dey wait!

Very Inept Registrar..

To be sincere Morgan capital stockbroker never disappointed me, they always deliver to my satisfaction, in terms of customers care and crediting of customer account both stockbroker account and bank account, I give them 95% pass mark. Since I started with them to be sincere I do enjoy their services.

nastydamus:
Good morning house. Please I've got a little issue with Morgan Capital: needed a hundred thousand naira to attend to some engagements so I sent them an email to withdraw the said amount from my MC account.
They sent an email later saying the transfer had been done and my MC account was debited immediately but it's been a week now and I've not seen the money (had to get from a friend), sent them four mails about the 'transfer' that didn't happen but nobody is replying; all their lines are unreachable as well.
This is not exactly what a customer wants to go through when hard-earned money is involved.

Sorry for that, I feel your pain, it might be a mistake somewhere, try this number 014540114, I discussed with them yesterday with it, best of luck.