locodemy:


Is carveton not capable of doing all these?

With your calibre of loot if you support them...

Just take over Caverton..

locodemy:


Infact.i don faint.

Cool down . I just cool down and pray make FBNH/OANDO get to my bustop . Remember you have not make any profit if you have to sell or come down to your bustop . ONE LOVE .

DeRuggedProf:

With your calibre of loot if you support them...
Just take over Caverton..

Can someone take over a business he knows not? So you are among those praying for my downfall. chai........i no gree ooooo.

If we do this simple exercise we will discover that the prices of most of the stocks are not out of place:

1. What was the price of First Bank/Diamond/Access Bank etc when foreign investors left? -please use May/June 2015
2. Divide the price by 220 (N220/$1)
3. Multiple the answer in 2 above by 380 (N380/$1)

Using FBN for instance, the price was N9.00 as at June 4, 2015. That was $0.04 at the time. As at today, $0.04 is N15.2
Using Access Bank price which was N6.02 as at June 4, 2015. That was $0.028 and today that is N10.65

What is happening is a typical re-pricing and only fair that the share price of these stocks go up. I know there are other variables that determine share price and this is not a projection in any way. I only wish foreign investors that left would come back and buy at a more fair value which will be good for the locals.

IdrisAdebiye:
If we do this simple exercise we will discover that the prices of most of the stocks are not out of place:

1. What was the price of First Bank/Diamond/Access Bank etc when foreign investors left? -please use May/June 2015
2. Divide the price by 220 (N220/$1)
3. Multiple the answer in 2 above by 380 (N380/$1)

Using FBN for instance, the price was N9.00 as at June 4, 2015. That was $0.04 at the time. As at today, $0.04 is N15.2
Using Access Bank price which was N6.02 as at June 4, 2015. That was $0.028 and today that is N10.65

What is happening is a typical re-pricing and only fair that the share price of these stocks go up. I know there are other variables that determine share price and this is not a projection in any way. I only wish foreign investors that left would come back and buy at a more fair value which will be good for the locals.

Using your method,pls calculate the price of fcmb then and now.

locodemy:


Using your method,pls calculate the price of fcmb then and now.

N5.18. You will be in MADT money!!! lol

locodemy:

Can someone take over a business he knows not? So you are among those praying for my downfall. chai........i no gree ooooo.

Can skye bank get to #1.50 ??

IdrisAdebiye:

N5.18. You will be in MADT money!!! lol

So foreign investors wan dey use us.make them come force out fcmb from me. Na we go win them this time around.

locodemy:


Can someone take over a business he knows not?
So you are among those praying for my downfall.
chai........i no gree ooooo.

Can skye bank get to #1.50 Chibuking81 ??

ihedioramma:
Can skye bank get to #1.50 ??

Thank God i jumped in on friday @ 50kobo.

locodemy:

Thank God i jumped in on friday @ 50kobo.

Is that what i ask ? .

Cadillac15:


Flesh and blood did not reveal this to you. This is a spiritual revelation.

They wanted to come tell us what they did with the proceeds of the dufil prima deal but had to shift it because of the MRS visit.

My guess is either way given what i have read and heard from pple on the exchange.

1. Since its an asset disposal, they might decide to pay shareholders interimdividend since asset disposal is not affected by the policy on retained profit - its not a profit nor a loss

2. They might decide to use the money to nil off the accumulated loss position and make the company viable for dividend payment again. I am only wondering how much was paid and other conditions attached to the sale. Anybody with that info should kindly help out.

But if its the dangote i know, all the flour used in producing indomie henceforth will come from dangote flour.

Either way, he must give me 20m+ before july ending. Gotta do something with that money urgently.

20m

Cadillac15:


Dont worry about him. He is an indicator in the opposite direction. If he endorses a stock, sell it if you have any in your portfolio. If he castigates a stock, buy it, its a sign of immediate appreciation in price.

Review his past posts for concurrence and confirmation.

Every brother is important here. In their own way.

I think you are referring to the big smart guy not the octopus.

EDUECO:
My Money Growing Like Grass!

So because of recession you went into hiding?
Welcome.
Even magainvest don dey show face small.

veecovee:
I don't know why I began to hate high yielding investments, after forex dealt with me.

I don't know much about forex but crypto world is on steroid right now.

PETERiCHY:


There's still time for your to dispose your FCMB and join DIAMONDBK bcoz it also has enough fuel like FIDELITYBK to break the #2:00k barrier by next week.

My portfolio is currently doing 64.2% upside more 200% to GO......

*ThE OcToPuS*

You mean you did not sell in May to comeback in December?

veecovee:
I don't know why I began to hate high yielding investments, after forex dealt with me.

High yield, high risk.

No gut, no glory.

Personally I margin trade crypto. The volatility is out of this world. You need to be at alert 24, else before you could get food from the kitchen, your account will be wiped out.

Man must survive

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locodemy:


Well said.if i offload half of fcmb at 1.50,i made enough money as gain and still have surplus to retain for future disposal.When we talk of dangote flour,we are talking of 12 naira stock which is achiavable this year.Anyway i am still oncourse on fcmb.Will determine my fate on it on friday.

Are you kissing your board membership ambition just like that,Dangote no dey look face o!

Chibuking81:

If current rally continue FCMB will hit #3 plus at the end of the year.
FCMB has subsidiary like CSL stockbrokers which is one of the leading stockbroker in the country, I have them as my stockbroker too.
With their subsidiaries they stand tall in the midst of Diamond bank and Fidelity.

Are you really sure of some the things you are saying here?
Has fcmb not sold CSL stockbrokers to cardinalstone?
And what is the shareholders fund,assets,customers' deposit,loan portfolio,gross earnings and PAT of fcmb as against diamond bank and fidelity as at q1 2017
I think you need to revisit those results again so as not to base your judgement on false premises.

leo1234:


I don't know much about forex but crypto world is on steroid right now.

Careful bro and run with your huge profits.
Your massive profit can turn to massive loss in minutes.

Crypto is in a bubble.

leo1234:

I think you are referring to the big smart guy not the octopus.

The two are one .

Hope you are monitoring your blood pressure

binaflexia:


High yield, high risk.

No gut, no glory.

Personally I margin trade crypto. The volatility is out of this world. You need to be at alert 24, else before you could get food from the kitchen, your account will be wiped out.

Man must survive

binaflexia:


Careful bro and run with your huge profits.
Your massive profit can turn to massive loss in minutes.

Crypto is in a bubble.

That's true.


The profit between last week and now made me lose my appetite. Imagine making your monthly salary in a day or annual salary in weeks.

ihedioramma:
The two are one .

Congrats.
Your 10m units of fbn is now worth 70m. And this is just the beginning.

nio68:
Hope you are monitoring your blood pressure

It's really fun bro. You don't have to be so emotional when you stake what you can afford to loss.

Chibuking81:
Loco just be in two of them, I will invite you after our Dangote flour rally.
Ihediromma just shop and close his mouth in FBNH.
Ihedioramma how far na.

Please invite me too. I want to jollificate once it happens. Who has noticed that dangflour has been trading in the 4.30 range for more than a week now despite good trades and highs inbetween trades. Thats silent accumulation.

The company's outstanding shares is 5billion (very small when compared to fbnh and the banks). What that means is fewer shares up for grabs when the time comes. Hence the bids will be massive but no seller.

And we will see new highs like never b4 on NSE. Even thinking of selling my wapco at a marginal profit to buy more dangoteflour.

I would like to be your broker, do your DD and stick to a few stocks... I am heavy in Danflour though

Cadillac15:

Please invite me too. I want to jollificate once it happens. Who has noticed that dangflour has been trading in the 4.30 range for more than a week now despite good trades and highs inbetween trades. Thats silent accumulation.

The company's outstanding shares is 5billion (very small when compared to fbnh and the banks). What that means is fewer shares up for grabs when the time comes. Hence the bids will be massive but no seller.

And we will see new highs like never b4 on NSE. Even thinking of selling my wapco at a marginal profit to buy more dangoteflour.

pluto09:


Are you really sure of some the things you are saying here?
Has fcmb not sold CSL stockbrokers to cardinalstone?
And what is the shareholders fund,assets,customers' deposit,loan portfolio,gross earnings and PAT of fcmb as against diamond bank and fidelity as at q1 2017
I think you need to revisit those results again so as not to base your judgement on false premises.

point of correction.fcmb group has csl as a stock firm and csl as a registrar.Both are two different companies.They only divested csl registrar which is now cardinal registrar.
Right now they have the following as subsidiaries:csl broking firm,fcmb capital market,fcmb bank and fcmb trustees.

coming to revenue diamond bank had higher topline as revenue than fcmb while fcmb had higher bottomline as profit.This is where investors keep their eyes(bottomline)

Fcmb had a higher eps in the Q1 than diamond.I dont know much about others but i have pointed the key points.

I believe that diamond bank can perform better than fcmb with time but not now.They were better than fcmb in years back but not now.....i get am before no be property.

Sir pls let this no cause arguement.The most important thing here is we all are making more money this year.With time,we shall know where each bank belongs to.

Following the successful acquisition of 60 per cent equity stake of Mobil Oil Nigeria Plc by Nipco Investment Limited (NIL) from ExxonMobil Oil Corporation, the company has applied to regulators to acquire additional shares from minority shareholders.

The financial transaction, which is being handled by Cordros Capital and Zenith Capital as financial advisers, has been approved by the Securities and Exchange Commission (SEC).

The company explained at the weekend that the takeover bid is in compliance with Part XII, Section 131(1)(a) of the Investment & Securities Act (ISA) of 2007 and Rule 445 of the SEC’s Rules & Regulations, which requires NIPCO to make a mandatory takeover bid to all the other shareholders of Mobil Nigeria.

The application for the takeover bid opened on May 30 and it is expected to close on June 29, 2017.

“This offer period represents the opportunity for qualifying minority shareholders of Mobil Oil Nigeria Plc, who tender their shares to earn cash consideration of N417.12 per ordinary share tendered at a satisfactory premium in comparison with the current market price of N290, which the shares are being traded on the floor of the NSE last Friday,” the company said.

The Managing Director of NIPCO, Mr. Venkataraman Venkatapathy recently told the capital market community that the acquisition of majority shares in Mobil would bring economy of scale to the firm, benefit Nigerians and grow the economy.

“We would be adding new businesses and works towards increasing the production of its lubes which has remained a cherished brand in the lubricant market,” he said.

The NIPCO boss explained that to all discerning investors the deal is a big welcome to a new dawn and new era that will usher in stability, prosperity, sustainability and growth in the downstream sector in particular and the industry in general.

“The deal will definitely make the NIPCO group bigger not only due to the acquisition but also the additional new business lines to be introduced to make the company one of the most proficient and best run out fit in the industry. The group overall goal is to increase Mobil presence and efficiency across the nooks and crannies of the country and expand its retail footprint to a minimum of 300 at the earliest and make it a vibrant one,” Ventakapathy.

Not in Mobil at the moment and wont buy because the price will go haywire in coming days. But for common investors in this forum who have it in their portfolio, dont sell on the floor of NSE ! I repeat, Dont Sell!!!

If you have money, buy more from the floor and sell to Nipco at N417.

Thank you for thanking me in advance.

Gracias

Investors sentiments favours diamond more the FCMB

locodemy:


point of correction.fcmb group has csl as a stock firm and csl as a registrar.Both are two different companies.They only divested csl registrar which is now cardinal registrar.
Right now they have the following as subsidiaries:csl broking firm,fcmb capital market,fcmb bank and fcmb trustees.

coming to revenue diamond bank had higher topline as revenue than fcmb while fcmb had higher bottomline as profit.This is where investors keep their eyes(bottomline)

Fcmb had a higher eps in the Q1 than diamond.I dont know much about others but i have pointed the key points.

I believe that diamond bank can perform better than fcmb with time but not now.They were better than fcmb in years back but not now.....i get am before no be property.

Sir pls let this no cause arguement.The most important thing here is we all are making more money this year.With time,we shall know where each bank belongs to.

locodemy:


point of correction.fcmb group has csl as a stock firm and csl as a registrar.Both are two different companies.They only divested csl registrar which is now cardinal registrar.
Right now they have the following as subsidiaries:csl broking firm,fcmb capital market,fcmb bank and fcmb trustees.

coming to revenue diamond bank had higher topline as revenue than fcmb while fcmb had higher bottomline as profit.This is where investors keep their eyes(bottomline)

Fcmb had a higher eps in the Q1 than diamond.I dont know much about others but i have pointed the key points.

I believe that diamond bank can perform better than fcmb with time but not now.They were better than fcmb in years back but not now.....i get am before no be property.

Sir pls let this no cause arguement.The most important thing here is we all are making more money this year.With time,we shall know where each bank belongs to.

sorry i thought you were talking of diamond.For fidelity,they cant think of beating fcmb in terms of price because of the higher OS.They may perform better than fcmb but cant beat them.