ExLaidback:
Guys based on prevailing economic conditions and what we are seeing presently in the market, I'm a little confused here. Which would you recommend for entry presently between FBNH, FCMB and UBA. I would have gone with FBNH without hesitation but I'm not sure why FCMB is not full bid and it isn't. Your thoughts would be much appreciated.

$$$

ExLaidback:
Guys based on prevailing economic conditions and what we are seeing presently in the market, I'm a little confused here. Which would you recommend for entry presently between FBNH, FCMB and UBA. I would have gone with FBNH without hesitation but I'm not sure why FCMB is not full bid and it isn't. Your thoughts would be much appreciated.

$$$

PETERiCHY:
http://af.reuters.com/article/nigeriaNews/idAFL5N18A34E

Nigeria's naira extended its losses against the greenback on Friday amid a jump in demand for dollars by oil importers and speculation of central bank moves to make the exchange rate more flexible, traders said.
The local currency slipped to 345 to the dollar on the parallel market in early trade, down 1.2 percent compared with the previous day's closed.
"More speculators are taking a position in the market, causing dollar scarcity and fall in the value of the local currency," said Aminu Gwadabe, head of the bureaux de change operators association.

On Wednesday, the Nigerian government said fuel importers were allowed from how on to get dollars from the parallel market to help ease acute shortages - likely to result in increased demand for dollars, and more pressure on the naira, as importers increased their orders.

rebekah2011:

FCMB is full bid ooooo. Closed yesterday at 1.18 and opened today at 1.23 and now at 1.29. I dont know why PZ and Unilever should be selling higher than UACN. I will still prefer to go with UBA.

NuttyChoky:

I haven't done an analysis for UBA. But between FBNH and FCMB at today's prices I would go for FCMB reason being more upside and margin of safety

valacious:
People in Oando bus just sitdown tight, keep straight face...haba..

valacious:
People in Oando bus just sitdown tight, keep straight face...haba..

kentoto:
Hello ,
I think UBA is still the best option.

1. It still upside potential
2. Its a liquid stock so offers will definatly come

For transcorp , people to be careful, its the liquity that will born people's fingers

K

rebekah2011:


FCMB is full bid ooooo. Closed yesterday at 1.18 and opened today at 1.23 and now at 1.29. I dont know why PZ and Unilever should be selling higher than UACN. I will still prefer to go with UBA.

betcindy:
There is still room for investment for investors in fidelity bank shares. I keep saying this since last week Friday and i keep repeating it.

betcindy:
There is still room for investment for investors in fidelity bank shares. I keep saying this since last week Friday and i keep repeating it.

betcindy:
There is still room for investment for investors in fidelity bank shares. I keep saying this since last week Friday and i keep repeating it.

ExLaidback:




OK thanks a lot guys. I guess the final decision still rests with me.

But @nuttychoky you say more up side for FCMB than FBNH? The FCMB sef is on full bid, only FBNH has a means of entry for now.

NuttyChoky:


Hmmmm.... monkey business?

NuttyChoky:

I have already loaded 150k units of UACN this week... No time
Even if it is two years, the market must correct itself

locodemy:


Good investment plan.........i wish people get you right.

PETERiCHY:
http://af.reuters.com/article/nigeriaNews/idAFL5N18A34E

Nigeria's naira extended its losses against the greenback on Friday amid a jump in demand for dollars by oil importers and speculation of central bank moves to make the exchange rate more flexible, traders said.
The local currency slipped to 345 to the dollar on the parallel market in early trade, down 1.2 percent compared with the previous day's closed.
"More speculators are taking a position in the market, causing dollar scarcity and fall in the value of the local currency," said Aminu Gwadabe, head of the bureaux de change operators association.

On Wednesday, the Nigerian government said fuel importers were allowed from how on to get dollars from the parallel market to help ease acute shortages - likely to result in increased demand for dollars, and more pressure on the naira, as importers increased their orders.

ExLaidback:




OK thanks a lot guys. I guess the final decision still rests with me.

But @nuttychoky you say more up side for FCMB than FBNH? The FCMB sef is on full bid, only FBNH has a means of entry for now.