currentprice:
in bullish market like current one most stock will rise including fcmb , diamond etc but that does not make Q1 8k EPS bank or stingy bank a better stock to keep

Trade the plan and plan the trade(Credit to BullbearMKT).

Team "Sell DIAMOND and FCMB after feeding fat on the rally"

austinkenneth:



The big guys are exiting this stock. But they have to do so at target prices. The catch is that it is easier for them to exit in a volatile (up and down) situation.


If the Nigerian investors who want to buy are united, they should simply chill, do not bid, and this stock will go down to N0.8.

Then they can buy. The current ups and downs end up providing liquidity for the foreign guys to exit at higher prices.

Which higher price. Do you know how much the foreign guys paid per share. At 1 Naira, it's even nonsense to them

binaflexia:


This is, trying to cause unnecessary panic for its shareholders.

Do you have a copy of the agreement between Carlyle group and the bank.

Care to show us links indicating Carlyle are hastily trying to withdraw all their funds from the bank?

This information would have been relevant, if you posted it when the economy was in deep recession and foreign investors were fleeing in their numbers. And not now when they are signs that the economy is recovering and foreign investors are gradually coming back. You're now telling us that one of is them is crying and desperate to leave by fire by force.

Uncle, if your jijo with the bank did not go as planned, it's not enough reason to spread FUD with irrelevant links

Disc: I hold a significant amount and my position is negative. But the bank is not as bad as this oga is trying to paint it.

My dear. I didn't just write because i have hand diarrhea. Go and study the trading trend in the last 52 weeks. Then Google that group and their businesses. After that, read the banks financial statement in the last 2years and QTR 1 2017 statement. If you dont deduce anything, then you are not worthy to hold a stock.

Stop consoling yourself. Cut you loss and move on. I dont have money to tie down with one bank, without interest.

Ok?

binaflexia:


Which higher price. Do you know how much the foreign guys paid per share. At 1 Naira, it's even nonsense to them

Do you know much they would have earned with that money if they invested it elsewhere?

Do you know the price of crude oil when that deal was consumated?

Do you know the banks 500m usd bond flopped b4 that?

Do you know the loss position before that deal?

Are you also aware that earnings have been retained ever since? Can you explain that?

Do you think crude oil will go back to 110usd in 3years?

And finally, what do you think happened to all the usd denominated loans?

locodemy:



All the time no one has talked good of fbn until now.Bro..........if you see fbn as a goldmine,believe me fcmb will lead me to the promise land.

@currentprice,your greedy eye no allow dangote flour to soar........what do you have to say about it?

So you forget i told you/e.t.c to enter FBNH at #3 bout you make play of me and said you may buy at #2.80 or below ?.

holm:


My top Brother, I didn't say I'll sell on Tuesday nah. Market is still on steriod and I dey look Techie Analysis(baby knowledge here). But sell, I will at the right time/price.

Alright, bro. Let's go there.

Forget all the TA e.t.c any stock you see green this week just do your DD enter we are making money next month up like never befor .

BullBearMkt:

@Processor01, it's not that you place the STOP LOSS as soon as you enter a stock, what it means in essence is that you planned ahead that as soon as the stock price approaches your planned stop loss price, you quickly enter it and exit your trade for nominal loss.

Arrrghhhh...i missed that.

Thanks a bunch baba!

ihedioramma:
Forget all the TA e.t.c any stock you see green this week just do your DD enter we are making money next month up like never befor .

Pepper soup for you bro.

Cadillac15:


Do you know much they would have earned with that money if they invested it elsewhere?

Do you know the price of crude oil when that deal was consumated?

Do you know the banks 500m usd bond flopped b4 that?

Do you know the loss position before that deal?

Are you also aware that earnings have been retained ever since? Can you explain that?

Do you think crude oil will go back to 110usd in 3years?

And finally, what do you think happened to all the usd denominated loans?

Most of what you wrote about diamond bank are at best misinformation and it clearly shows your bias against the bank. That is not unexpected anyway from someone who has suffered heavy losses on the bank in recent time. I am equally appalled at some of your conclusions for other banks you mentioned in your posts. Diamond and fcmb have bad fundamentals but fbnh is good fundamentally. May be we are not reading the same financial reports from the aforementioned banks.
Let me address one of the issues that you raised about diamond bank that shows your lack of understanding of how financial institutions work. The bank has been retaining its earning in recent past because of CBN rule.
Diamond bank CAR is close to the regulatory minimum and they need cash injection of tier 1 capital(owners equity). The best way to do this is to raise funds by selling new shares. With the depressed state of the market,that option was considered inappropriate and they were left with only one option- retained earnings. They have been doing this for some years now just to shore up CAR and not to pay some people as you insinuated in your write up.A look at the shareholders fund over the years will confirm this.If you are looking for dividend, diamond bank is not for you.
I will stop here for now and address other issues you mention later.

Learning from you guy and also waiting for my 4 bottles of Hero. FCMB must hit 1.25 tomorrow.

+

Cadillac15:


My dear. I didn't just write because i have hand diarrhea. Go and study the trading trend in the last 52 weeks. Then Google that group and their businesses. After that, read the banks financial statement in the last 2years and QTR 1 2017 statement. If you dont deduce anything, then you are not worthy to hold a stock.

Stop consoling yourself. Cut you loss and move on. I dont have money to tie down with one bank, without interest.

Ok?

I see what you're trying to do there, but I will not engage in any fruitless argument with you.
Were you blinded to these facts before you dived in with millions. Now you're crying foul and forming expert financial analyst after you have been burnt by your poor investment decision.

My loss positions and my investment decisions is my sole responsibility. Either consoling myself or having high PB, as long as I'm not distracting or complaining to anyone, I'm cool.

I just mentioned you, to stop scare mongering and spreading FUD in 2017 by posting a link from 2013 as facts.

If you truly want to caution investors and not looking for cheap entry, what stop you from posting your analysis of their financials for the past 2 year, and state clearly your observations why you think people should avoid the stock, like other decent members do. But no, instead you're posting obsolete links as facts

pluto09:


Most of what you wrote about diamond bank are at best misinformation and it clearly shows your bias against the bank. That is not unexpected anyway from someone who has suffered heavy losses on the bank in recent time. I am equally appalled at some of your conclusions for other banks you mentioned in your posts. Diamond and fcmb have bad fundamentals but fbnh is good fundamentally. May be we are not reading the same financial reports from the aforementioned banks.
Let me address one of the issues that you raised about diamond bank that shows your lack of understanding of how financial institutions work. The bank has been retaining its earning in recent past because of CBN rule.
Diamond bank CAR is close to the regulatory minimum and they need cash injection of tier 1 capital(owners equity). The best way to do this is to raise funds by selling new shares. With the depressed state of the market,that option was considered inappropriate and they were left with only one option- retained earnings. They have been doing this for some years now just to shore up CAR and not to pay some people as you insinuated in your write up.A look at the shareholders fund over the years will confirm this.If you are looking for dividend, diamond bank is not for you.
I will stop here for now and address other issues you mention later.

Baba thank you.
Not those blablabla..

jamace:
Alright, bro. Let's go there.

I actually metioned Tuesday n the initial post. But i checked with the chart later and I saw a little chance of exiting my tiny positions in the 2 fringe (players) banks, at a better pricing.

In other related news, Cardillac15 and Pluto09, please note that you are hereby mandated to post here more often.

All the post around Diamond, FCMB and FBNH are good discussions for a forum like this. Everyone needs to be civil about it but keep it going. Jaw-jaw like this provide insight into the priviledged info. alot of retail investors don't have access to.

Cadillac15:


Do you know much they would have earned with that money if they invested it elsewhere?

Do you know the price of crude oil when that deal was consumated?

Do you know the banks 500m usd bond flopped b4 that?

Do you know the loss position before that deal?

Are you also aware that earnings have been retained ever since? Can you explain that?

Do you think crude oil will go back to 110usd in 3years?

And finally, what do you think happened to all the usd denominated loans?

500m USD bond flopped?
For a bank that just raised $200m eurobond this year after they raised $200m in 2014??

https://www.google.com.ng/url?sa=t&source=web&rct=j&url=/amp/mobile.reuters.com/article/amp/idUSL6N0O137420140515&ved=0ahUKEwivxoTnt5XUAhVNPFAKHaM3Ah4QFgg1MAY&usg=AFQjCNHWA_F-bNGA3OMEKFLXRXnsDNp3Rg&sig2=aTzTSD02zQZFd6wyJErN2w

https://www.google.com.ng/url?sa=t&source=web&rct=j&url=http://standardtimespress.org/%3Fp%3D5111&ved=0ahUKEwivxoTnt5XUAhVNPFAKHaM3Ah4QFggpMAI&usg=AFQjCNGLxiXtzUd6fcHWqLKdLJlq_ErtnQ&sig2=KPIcDsfIeiZaG8i5MmpATw

I just want to share this to this awesome house.

locodemy:

Pepper soup for you bro.

Na so now, after work .......

shina88:
I just want to share this to this awesome house.

Finally, here's an opportunity for Investors and traders alike, things are really looking up for the Nigerian Market.

k

Cadillac15:


Diamond bank is the most stupid share on NSE. I made a loss of N300k on that stock last week and i have sworn never to buy it again.

I didnt know much about the fundamentals of the company before i sank my fund there but after my loss, i had to research and my findings revealed i was foolish from the word Go.

Diamond sold about 20% of their equity to a foreign partner two years ago in order to get the necessary funds to boost their Tier 1 & 2 capital. That partner has been trapped in the Nigerian market since then and has been desperate to leave.

Hence, the profits of the company for the past two years has been channeled towards paying off the partner and this is expected to continue for the next two years. This same partner has fund managers in the country who manage their holdings and they have been divesting from the company gradually which is why you will notice heavy dumping whenever the share price gets close to N1.

They applying a two pronged approach in leaving the Nigerian market:

1. Sell back shares to the company in return for profits declared ( hence no dividend to other shareholders)

2. Sell shares to uninformed and stupid shareholders whenever the price is right, to reduce their holdings

http://thecitizenng.com/carlyle-group-buys-into-diamond-bank-as-nestoil-fails-to-acquire-block-shares/
2014 news

http://www.vanguardngr.com/2013/06/foreign-investors-shun-diamond-banks-550m-bonds/
2013 news

http://www.gulfafricareview.com/07/12/2014/business/carlyle-group-acquires-18-stake-in-nigerias-diamond-bank/
2014 news

Like i said, only a fool will venture into that waters and i have learnt the hard way.

JAHBLESS

We should always put it at the back of our mind during trading that share prices can always go north or south irrespective of Fundamental Analysis or Technical analysis. We need to always plan a trade and trade the plan ...quote from Bull Mkt.

We should all know the acceptable loss we can take on very trade, if your own is =N=100,000 then you will have moved out of trade before you reach =N=300,000.00 loss position. When you reach a profit target, you should also moved out in the same way.

It simply takes emotion and hope out of your trading. Dmd Bank may not be good for you now but may be the best stock in another period.

My opinion.

binaflexia:


Which higher price. Do you know how much the foreign guys paid per share. At 1 Naira, it's even nonsense to them

why do we sell Stocks we should Hold, and hold what we should sell? The paradox of investment!

pasuma:
meristem. My opinion though.

thanks.what are their charges like?

Cadillac15:


Diamond bank is the most stupid share on NSE. I made a loss of N300k on that stock last week and i have sworn never to buy it again.

I didnt know much about the fundamentals of the company before i sank my fund there but after my loss, i had to research and my findings revealed i was foolish from the word Go.

Diamond sold about 20% of their equity to a foreign partner two years ago in order to get the necessary funds to boost their Tier 1 & 2 capital. That partner has been trapped in the Nigerian market since then and has been desperate to leave.

Hence, the profits of the company for the past two years has been channeled towards paying off the partner and this is expected to continue for the next two years. This same partner has fund managers in the country who manage their holdings and they have been divesting from the company gradually which is why you will notice heavy dumping whenever the share price gets close to N1.

They applying a two pronged approach in leaving the Nigerian market:

1. Sell back shares to the company in return for profits declared ( hence no dividend to other shareholders)

2. Sell shares to uninformed and stupid shareholders whenever the price is right, to reduce their holdings

http://thecitizenng.com/carlyle-group-buys-into-diamond-bank-as-nestoil-fails-to-acquire-block-shares/
2014 news

http://www.vanguardngr.com/2013/06/foreign-investors-shun-diamond-banks-550m-bonds/
2013 news

http://www.gulfafricareview.com/07/12/2014/business/carlyle-group-acquires-18-stake-in-nigerias-diamond-bank/
2014 news

Like i said, only a fool will venture into that waters and i have learnt the hard way.

JAHBLESS

If you have truly gone through diamond financial result, you will not write what you have written here.
Carlyle group that acquired a 17.75 stake in the bank in 2014 are still much around.
As at December 2016, they have not sold a single unit of their holdings.This can be confirmed from pg 5 of the bank 2016 annual report. I wonder where you got your information from.

binaflexia:
+

I see what you're trying to do there, but I will not engage in any fruitless argument with you.
Were you blinded to these facts before you dived in with millions. Now you're crying foul and forming expert financial analyst after you have been burnt by your poor investment decision.

My loss positions and my investment decisions is my sole responsibility. Either consoling myself or having high PB, as long as I'm not distracting or complaining to anyone, I'm cool.

I just mentioned you, to stop scare mongering and spreading FUD in 2017 by posting a link from 2013 as facts.

If you truly want to caution investors and not looking for cheap entry, what stop you from posting your analysis of their financials for the past 2 year, and state clearly your observations why you think people should avoid the stock, like other decent members do. But no, instead you're posting obsolete links as facts

Someone claim to made N4m+ from FBNH while he's crying over a paltry loss of N300k in Diamond and you are taking such a person serious.

Wow! Been reading n following the thread for over 7 Months now.
I just graduated from school and awaiting nysc. So am a total novice but I have learnt a lot from the thread. . When I read post, it doesn't looms like "Arabic" to me any longer.. I can relate so well. Just kick starting my career in business/finance analysis.

Big work on here.. and i really want to say there are so many great brains here.. I know I will get there!
Salute to all the sirs!

posts on FBNH

While reading analysis for and against diamond bank, I just observed that all tier 1 banks had hit a new 52 week high within d past week, could it likely be that d tier 2 banks may want to do same in the weeks ahead. Just thinking out loud ooo...

Princkez:
posts on FBNH

It will take more than such posts to convince people, you no see the way @fxuser and @bullbear dey do am.

k

STNWAUME:


Someone claim to made N4m+ from FBNH while he's crying over a paltry loss of N300k in Diamond and you are taking such a person serious.

I would ignore the rest guys (pluto & bina) as usual because it is very clear they are sentimental about their holdings.

But you church rat who does not have up to 300k in your trading account and wants to form boss. Do you know you dont become rich by losing the small incomes you make? Every N1 matters to me. Little drops of water make a mighty ocean as they say.

if the stock was devoid of manipulation and i had my 300k intact without profit, i would have had an additional 300k man!

This can get me some good land in your village.

Anyway, i have noticed you and would ignore you till i consider you worthy to discuss financials with.

Gracias

Let's keep it civil pls. No need for personal insults n abuses. Keep the argument going. We re reading and cross checking some of the points been raised here.