pluto09:


I was also expecting a loss here too.
No wonder,it was bided up from 80k to close to N1.
Surely,insider everywhere.

Am sure by tomorow now people will be heading bank to FBNH to take position, the last hope of dividend for now, no matter how small it will be.

Since Diamond Bank done disappoint and hope reduced on Transcorp Plc.

k

pluto09:


My no 1 pick is fidson. I don't expect it to go from below N1 to N4 just like dangote flour did last year but a recovery of about 100% is possible in a year time.
Will be discussing my reasons for picking fidson as we make progress with our discussion.

Discuss it now.why is fidson a good buy?

duni04:

Transcorp's Q1? Yes I did. Group EPS declined 18% to 0.91. Company EPS declined 35% to 0.46. I wonder where Tony's promise of dividend will come from. All things being equal, tomorrow should be bloody for Transcorp. The pigs will get their heads chopped off as always. God help those who bought at 1.06

The EPS is 0.91k(i.e less than 1k)?

duni04:

Transcorp's Q1? Yes I did. Group EPS declined 23% to 0.91. Company EPS declined 54% to 0.46. I wonder where Tony's promise of dividend will come from. All things being equal, tomorrow should be bloody for Transcorp. The pigs will get their heads chopped off as always. God help those who bought at 1.06

@duni04, you don't need to be rejoicing over anyone that bought at 1.06 today, even the price action informed people of potential reversal of the stock before the report came out! Check fxuser post earlier today...

Even at that, if the result is bad, how dip do you think the stock can go in your own evaluation?

Let me remind you of what "Tony" did to UBA stock in 2015... Market marker are ready to play on fear of people from tomorrow...

locodemy:


I just guess the recent move is coming from Q1 result.if not diamond bank shareholders should brace up for free fall from tomorrow.
What is the comparism of diamond bank to fcmb.EPS:15K VS 97K,DIVIDEND:NIL VS 10K,EARNING/PROFIT:Not comparable in any form.

Make i quickly rush to buy more fcmb tomorrow.

My brother, diamond bank result is not bad at all.
Gain in forex was reported separately from PAT compare with fcmb that added it to PAT.
They also grew deposit remarkably and they are also growing their loan book.
Don't just look at PAT if you are looking at banks results.
Line by line comparisons, I will choose this diamond above fcmb at the same price going by their latest results.

Note; I have neither of the stocks in my portfolio.

[quote author=PETERiCHY post=55878618][/quote]

I dont even know what to say again.Everywhere is scatter scatter. FCMB......Na only you i dey o.I trust what you can do.

BullBearMkt:

@duni04, you don't need to be rejoicing over anyone that bought at 1.06 today, even the price action informed people of potential reversal of the stock before the report came out!

Even at that, if the result is bad, how dip do you think the stock can go in your own imagination?

Let me remind you of what "Tony" did to UBA stock in 2015... Market marker are ready to play on fear of people from tomorrow...

Really I'm not rejoicing. Its more like venting my frustration at the same cycle repeating itself. Insiders and the P & D people making pigs out of ordinary folks. Its just unfortunate that the last entrants on that bus will get thrown off violently and fatally. Those Transcorp, Diamond and FBNH rallies last week were classic P & D. Its no coincidence that the results are all coming in today. Besides who knows, Mr market may still push them further up and load yet more pigs

pluto09:


My brother, diamond bank result is not bad at all.
Gain in forex was reported separately from PAT compare with fcmb that added it to PAT.
They also grew deposit remarkably and they are also growing their loan book.
Don't just look at PAT if you are looking at banks results.
Line by line comparisons, I will choose this diamond above fcmb at the same price going by their latest results.

Note; I have neither of the stocks in my portfolio.

Tomorrow.....i plead you to come fast.

duni04:

Really I'm not rejoicing. Its more like venting my frustration at the same cycle repeating itself. Insiders and the P & D people making pigs out of ordinary folks. Its just unfortunate that the last entrants on that bus will get thrown off violently and fatally. Those Transcorp, Diamond and FBNH rallies last week were classic P & D. Its no coincidence that the results are all coming in today. Besides who knows, Mr market may still push them further up and load yet more pigs

I think I understand you... you're of the opinion that the stocks are being manipulated to "slaughter" people...
...even though I don't hold similar sentiment about the market, it is my desire to help people understand market structure. We can then add fundamentals or technicals to it. By this, the issue of manipulation will reduce, or people will avoid been manipulated...

pluto09:


My brother, diamond bank result is not bad at all.
Gain in forex was reported separately from PAT compare with fcmb that added it to PAT.
They also grew deposit remarkably and they are also growing their loan book.
Don't just look at PAT if you are looking at banks results.
Line by line comparisons, I will choose this diamond above fcmb at the same price going by their latest results.

Note; I have neither of the stocks in my portfolio.

A result with profit position draws more investors/traders to itself more than a loss results, dividend also draws more attention than no dividend,

please dont compare FCMB AND DIAMOND bank together, mind you the stock price has been scripted for dividend payment, people are expecting alert next week, Diamond alert na next year oh

kentoto:


A result with profit position draws more investors/traders to itself more than a loss results, dividend also draws more attention than no dividend,

please dont compare FCMB AND DIAMOND bank together, mind you the stock price has been scripted for dividend payment, people are expecting alert next week, Diamond alert na next year oh

Chai, Chai, Chai

BullBearMkt:

I think I understand you... you're of the opinion that the stocks are being manipulated to "slaughter" people...
...even though I don't hold similar sentiment about the market, it is my desire to help people understand market structure. We can then add fundamentals or technicals to it. By this, the issue of manipulation will reduce, or people will avoid been manipulated...

P& D is not sentiment, it actually happens. Its illegal in many countries but here anything goes.

DeRuggedProf:
JUST THINKING: Every year a stock does magic, that if one identified early, would have greatly profited him. Can we suggest and analyse to benefit us here? At times, some people may have hidden/insider knowledge or just amazingly interesting insights

Last year, DANGFLOUR moved below N1.00 to over N4.00.
I almost took a cutlass to question the elders in my village....
That journey was done through level grounds, hills and valleys. It was like magic. At times the fundamentals, at other times the Technicals threw us all overboard on that journey, our life jacket was our STOP LOSS and POSITION SIZES....

Which stock do we think will do this in 2017 or are all stocks presently overvalued?

Lets kick start an interesting discussion...

VERY GOOD! PLS LETS HAVE A DISCUSSION ON THIS!

I think we should just be careful the way we JIJO from one "hot" stock to another but rather stop and calculate carefully the cost of changing positions. From FCMB to Fidelity to Diamond to FBN to Transcorp. May be crowd will come back to FCMB and the cycle continues.

The bottom line is that all these banks are trading at very good valuations. We should rather spread our risk and grab as much as possible and await a DEVALUATION BULL which will surely come when Emefiele gets tired and puts the currency on full float.

The real JIJO guys are the insiders who see this results before the masses and pump, making us believe there is something in the offing and then dump on the suckers with a lot of mechanisms(spoofing & layering, stuffing etc) that are not yet "illegal" here in Nigeria.

A lot of us if we can be sincere have been had by these insiders who are the ultimate winners:
Pump, sell on suckers, release bad result, buy back from suckers at lower prices.
Dump, buy at lower prices, release good result, sell on suckers at higher prices.
Or simply, pump, dump on suckers

Our brokers are smiling because they are also the ultimate winners in this thing (JI+JO commissions).

Makes me remember the days when I was a Snooker & Table tennis boardman. I was easily the best performer/money maker among all those that came to gamble on my boards but no one knew but me.

I think the real deal this year will be CURRENCY FLOATATION ( DEVALUATION OR WHAT YOU WILL) WHICH WILL SEND THE FOREIGNERS BACK IN.

Before then, the market will trade sideways and pump/dump and JIJO frenzy will continue not necessarily to our gain.

kentoto:


A result with profit position draws more investors/traders to itself more than a loss results, dividend also draws more attention than no dividend,

please dont compare FCMB AND DIAMOND bank together, mind you the stock price has been scripted for dividend payment, people are expecting alert next week, Diamond alert na next year oh

Yes, profit is very important in our clime and that is why you see all the manipulations with bank results.
Let me ask you this question; why do you think banks like fcmb,gtb and fbn add their fx gain to their profits while banks like access,uba,diamond and fidelity reported their fx gain separately?

@austinkenneth Devaluation is something every investor should be worried about..what happened 2016 might repeat itself and it an opportunity for some though.

@BullBearMkt Honestly duni04 is right on this. look at my post below before market closed. this stuff are actually pumped and i know it.

Tritri:
What happened..Even Diamond full bid...and sterling too...Guess what..dis market is bleeped.

pluto09:


Yes, profit is very important in our clime and that is why you see all the manipulations with bank results.
Let me ask you this question; why do you think banks like fcmb,gtb and fbn add their fx gain to their profits while banks like access,uba,diamond and fidelity reported their fx gain separately?

Simple, its preference. as long as its not illegal, every body wants a good outing.

k

pluto09:


Yes, profit is very important in our clime and that is why you see all the manipulations with bank results.
Let me ask you this question; why do you think banks like fcmb,gtb and fbn add their fx gain to their profits while banks like access,uba,diamond and fidelity reported their fx gain separately?

There are components that should be added to PAT and there are components that should be taken to OCI. All the banks do this and it's subsumed somewhere in the notes or presented as a separate line item. Like Access bank's 2016 audited statement which you mentioned reporting separately, they made a FX loss and its part of PAT (Check note 12).
Check same note 12 on Diamond bank: " Net trading income on foreign exchange and financial assets held for trading includes the gains and losses arising both on the purchase and sale of trading instruments and from changes in fair value. "

There may be manipulations in the underlying records but the treatment is right per accounting standards

Tritri:
@austinkenneth Devaluation is something every investor should be worried about..what happened 2016 might repeat itself and it an opportunity for some though.

@BullBearMkt Honestly duni04 is right on this. look at my post below before market closed. this stuff are actually pumped and i know it.

I think if we float, we will easily have an "Eqypt situation" where a massive 50% uplift (~8000 to ~12000) was recorded in EGX30 after currency floatation.

So it means the EGX 30 served as a devaluation hegde in Egypt. So will NSE in Nigeria. Emefiele will tire.

jumboo:


There are components that should be added to PAT and there are components that should be taken to OCI. All the banks do this and it's subsumed somewhere in the notes or presented as a separate line item. Like Access bank's 2016 audited statement which you mentioned reporting separately, they made a FX loss and its part of PAT (Check note 12).
Check same note 12 on Diamond bank: " Net trading income on foreign exchange and financial assets held for trading includes the gains and losses arising both on the purchase and sale of trading instruments and from changes in fair value. "

There may be manipulations in the underlying records but the treatment is right per accounting standards

thank you jare

Rather than join in the Transcorp and Diamond argument, i have learnt over the years to allow Mr. Market be the judge...The likes of Nestle and Guinness comes to mind.

Tritri:
@austinkenneth Devaluation is something every investor should be worried about..what happened 2016 might repeat itself and it an opportunity for some though.

@BullBearMkt Honestly duni04 is right on this. look at my post below before market closed. this stuff are actually pumped and i know it.

I don't know if the market is manipulated or not, I like to provide liquidity to the market just like the Market Makers by buying very low. When you see imbalance in bid/offer, we should know that the likelihood of reversal is imminent soon... People that accumulated heavily at the low price will want to sell to new entrants at a higher price & then the price falls...

jumboo:


There are components that should be added to PAT and there are components that should be taken to OCI. All the banks do this and it's subsumed somewhere in the notes or presented as a separate line item. Like Access bank's 2016 audited statement which you mentioned reporting separately, they made a FX loss and its part of PAT (Check note 12).
Check same note 12 on Diamond bank: " Net trading income on foreign exchange and financial assets held for trading includes the gains and losses arising both on the purchase and sale of trading instruments and from changes in fair value. "

There may be manipulations in the underlying records but the treatment is right per accounting standards

Banks can report it either way and still not run foul of the regulations in each case. Accountants in the house pls educate us more.

DeRuggedProf:
JUST THINKING: Every year a stock does magic, that if one identified early, would have greatly profited him. Can we suggest and analyse to benefit us here? At times, some people may have hidden/insider knowledge or just amazingly interesting insights

Last year, DANGFLOUR moved below N1.00 to over N4.00.
I almost took a cutlass to question the elders in my village....
That journey was done through level grounds, hills and valleys. It was like magic. At times the fundamentals, at other times the Technicals threw us all overboard on that journey, our life jacket was our STOP LOSS and POSITION SIZES....

Which stock do we think will do this in 2017 or are all stocks presently overvalued?

Lets kick start an interesting discussion...

larfarge wapco has started moving o......if u see am below #46 pls rush it..... #120 point loading

locodemy:
I dont even know what to say again.Everywhere is scatter scatter.
FCMB......Na only you i dey o.I trust what you can do.

When the market is confusing you, start diversifying immidiatly.

You will be shocked to know were the profit will be coming from.

maishai:
larfarge wapco has started moving o......if u see am below #46 pls rush it..... #120 point loading

When people accumulated at 35, by the time those people started selling, we will be shouting manipulation. Let it pullback, then people can buy

Coolcash1:
Rather than join in the Transcorp and Diamond argument, i have learnt over the years to allow Mr. Market be the judge...The likes of Nestle and Guinness comes to mind.

We should all know that stock market is a place of unknown all over the world. It is not an overstatement to say that "The most manipulated stocks in which their results or data is incomprehensible" sometimes makes the best returns when taken the risk. And this doesn't exclude our dear NSE. My little opinion is that everyone should focus on what works best for them. Some are destined to be long term investors while some get their fate in short term. It is okay to voice out opinion, frustrations and sometimes emotional wishes, but we shouldn't forget our moral values and decency that made every humanity. Fundamentals, Technicals, Spirituality, and etc. is part of the game but due diligence and luck is what matters most when it comes to the successful journey of stock market. In all, all the best to our individual endeavors.

austinkenneth:


Banks can report it either way and still not run foul of the regulations in each case. Accountants in the house pls educate us more.

NOPE

The one key thing an investor is not sure of in the market is how the market will interpret facts.

PETERiCHY:


The problem with you is the same problem with FG.

Which is lack of diversification. FG put all their hope in OIL while you put all yours in FCMB which is not good for your health.

Try and balance your balance portfolio via diversification.

Person wey know one road no sabi road.

FCMB is the only stock i will play @nse until i see another robust stock to play.I am still at heavy profit even till now.my dividend coming up next week is 2.1m or thereabout if tax is deducted.i also bought almost all at 1.00 which still has upward direction any moment from now.

DeRuggedProf:
JUST THINKING: Every year a stock does magic, that if one identified early, would have greatly profited him.

Which stock do we think will do this in 2017 or are all stocks presently overvalued?

Lets kick start an interesting discussion...

I totally agree with you. Such info will really help members and strengthen confidence in this forum as a valuable source of info for stock trading....I will also be dropping some lines on this area shortly.

We are making money this year...

Godisfaithful:


We should all know that stock market is a place of unknown all over the world. It is not an overstatement to say that "The most manipulated stocks in which their results or data is incomprehensible" sometimes makes the best returns when taken the risk. And this doesn't exclude our dear NSE. My little opinion is that everyone should focus on what works best for them. Some are destined to be long term investors while some get their fate in short term. It is okay to voice out opinion, frustrations and sometimes emotional wishes, but we shouldn't forget our moral values and decency that made every humanity. Fundamentals, Technicals, Spirituality, and etc. is part of the game but due diligence and luck is what matters most when it comes to the successful journey of stock market. In all, all the best to our individual endeavors.

...nice one!