How will the Innoson series of court cases affect GTB overall performance? We are talking of at least 2 billion in damages.

stokfrick:

otokx:
How will the Innoson series of court cases affect GTB overall performance? We are talking of at least 2 billion in damages.

Did Innoson appoint the Judge?

Coolcash1:
@bullbearmkt probably this news might halt the rally on GTB stock for me to enter...

https://autojosh.com/innoson-sues-gtb-n400billion-character-assasination-defamation/

...uuuhhhmmm!!!

stokfrick:

Wetin dey make you shine teeth. The only thing wey make fbnh result bad na foreign exchange gain of last year 55billion and this year 5billion. Everybank go face the same thing. Look at profit after impairment it was just excellent. Make una try dey look result deeply na if not una go make we newbies begin panic. No laugh me again.

stcool:
https://sterlingbankng.com/assets/usercontents/STERLING_BANK_INTERIM_FINANCIAL_STATEMENT_JUNE_2017.pdf

FBNH does not have any excuse really to report a decline QoQ.

I beg to differ. Their results are almost the same. Sterling half year 2016 was 4billion, 2017half year 3billion. Like I said, all banks will experience lower foreign exchange income.

stcool:
https://sterlingbankng.com/assets/usercontents/STERLING_BANK_INTERIM_FINANCIAL_STATEMENT_JUNE_2017.pdf

FBNH does not have any excuse really to report a decline QoQ.

biko, what is here? is it positive for any good reaction...

bolabiyi:
biko, what is here? is it positive for any good reaction...

Nothing but a vacuum

Mpeace:
Some pple will hurry and sell fbnh tomorrow, then on monday market will make them regret. Those pple that took fbnh price to where it is today are not expecting an excellent result at this time, if not you for see volume. FBNH's excellent result will come when they stop taking impairment for certain loans and when provisions already made are written back. The men in black know when this would happen. You and I do not kw, we only feel its soon thus we move by the volume. I know that when the said events occur FBNH would really pay so I will wait for the sellers to conclude, then I will enter and stay long term. They took impairment of 62billion and still made a profit. Pls dont compare Dang flour with fbnh. Dangflour will not survive that.
That not withstanding, and with all due respect, my heart is with Mr ihedioramma at this very moment.

ONE LOVE

ihedioramma:
ONE LOVE

One Love bro.

DeRuggedProf:


.....Identifying stocks that can suddenly turn illiquid and stay illiquid without blinking for days or weeks is another skill...

- Coys with solid fundamentals though thinly traded.
- May not be suitable for the JIJO, but I ve made quite some serious dough from both stocks even far above stocks that are liquid.
- Entered my first trade on Presco ard May at =N=49/50, sold in July =N=71/73 before closure of books
- Entered another trade after closure at =N=61.00 same July and yet its already doing =N71.00 as at today
- Bth stock will continue to break out with thin volume
- Rencap placed Okomu value above N80, & Presco value above N=95
- We all know palm oil biz is good bizness in Naija 2day.

Tritri:



Aberg where FCMB own? Me and locodemy anxiously waiting.

If they like,let them declare 100b profit,na september i go increase my holdings for fcmb.A good result will only give me an opportunity to sell off at a higher price and wait for the roll back.it is a MUST(roll back)

I am not monkey hunting any stock this time around unless Afriprud which has sincerely passed my test.

Tritri,when Jesus christ turned and looked at peter,he (peter)left shamefully............

bigjay01:
Sold my Zenith Bank today @25.60

the plan is re-enter at about #20ish thereby increasing my holdings without committing a penny of new money.

Clearly a correction will set in soon.

Flesh and blood did not reveal this to you.you will do well in this market.

https://trwstockbrokers./2017/07/27/ndic-floors-first-bank-over-sale-of-lead-merchant-bank-asset-to-settle-depositors-first/

Yes, I am still awake...

DeRuggedProf:
https://trwstockbrokers./2017/07/27/ndic-floors-first-bank-over-sale-of-lead-merchant-bank-asset-to-settle-depositors-first/

Yes, I am still awake...

This is the only elephant that can stand in the way of a raging bull

I don go sleep!

DeRuggedProf:


Did Innoson appoint the Judge?

edited

DeRuggedProf:


Did Innoson appoint the Judge?

edited

Intendy:
stocks with new 52 week highs

gtb #41.00k
okomu #74.41k
dangote sugar #9.88k
beta glass #60.34k
ETI #16.53k
NB #173.77k
fidson #3.49k
stanbic Ibtc #37.50k
seplat #488.00k
zenith #25.71k
no new 52 week lows

NB breaking above 170
wow

DeRuggedProf:


What do you project as target price exactly 20months to come for people who will also be as patient as those who have held it for 20months before today?

First and foremost I'm seeing a FULL BLOWN CRISES of which 2008 will a childplays.

We know Stockmarket is one major yardstick to measure the economic state of a nation.

Now ask yourself what has changed

The nations is walloping in recession to extend TB true yield is 23% all in bid to attract FPI.

Then few weeks ago we wake to suddenly discover the MARKET is FLYING WITHOUT WINGS and everyone is clapping.

@t this junction you don't need Emelife to tell you we are in a bubble.

I ONLY pity those don't know TRENDS as for me and my household we've locked out profits, converted our fund to USD now watching how the FILMTRICK will end.

*ThE OcToPuS*

stcool:


Nothing but a vacuum

Are you peterichy? You are just everywhere blabbing as if your fund can bring down the price of japaul oil.

If you are looking for cheap shares, continue bidding with the change in your pocket. Hopefully, one slowpoke will carelessly click the sell button to you.

But until thst happens, take a chill pill and stop this monkey hunting nonsense please.

holm:


Might just be expenses from the Kano factory that was recently opened.

Pluto, the the sharp increase in Property, Plant and Materials is the closest explanation(the company will need more hands and logistics for a new production line abi ) to the distibution and admin charge.

otokx:
How will the Innoson series of court cases affect GTB overall performance? We are talking of at least 2 billion in damages.

@otokx. That's a huge chunk of change even for a big bank like GTB

PETERiCHY:


First and foremost I'm seeing a FULL BLOWN CRISES of which 2008 will a childplays.

We know Stockmarket is one major yardstick to measure the economic state of a nation.

Now ask yourself what has changed

The nations is walloping in recession to extend TB true yield is 23% all in bid to attract FPI.

Then few weeks ago we wake to suddenly discover the MARKET is FLYING WITHOUT WINGS and everyone is clapping.

@t this junction you don't need Emelife to tell you we are in a bubble.

I ONLY pity those don't know TRENDS as for me and my household we've converted our fund into USD now watching how the FILMTRICK will end.

*ThE OcToPuS*

...some of your comments are valid and we need to be more careful especially when NSE has just made a new 2 year high and many stocks making up to 10 year highs! Expectedly, investors will be looking for ways to take profits. Similarly, CBN gov's comment should not be discarded as many institutional and foreign investors will want to rely more on comments from a key financial figure like Emefiele. Former CBN gov, Sanusi, comments couple with world financial crunch caused the bubble of 2008.

Having said that, what changed really is the improvement in the country's economy, check last 4 quarters GDP released. As you mentioned, stockmarket is a good yardstick to measure the economic state of a nation. When investors observed this improvement along with positive comments from key financial figures, even from Emefiele; using your words, "then THE MARKET STATED FLYING. IT IS DEFINITELY WITH WINGS - backed up by new economic outlook.

I could still remember you advising everyone to pull out of stocks in March/April this year due to disaster you foresee, only to show evidence of making millions of profit made through the same stock market you forbid people!

Historically, month of August is more likely to be bearish for the stock market, maybe comment from CBN gov and couple with bad Q2 results from some companies will herald A CORRECTION in the market, but not a bubble.

Cheers.

if in doubt , let the 200dma guide you !

otokx:
How will the Innoson series of court cases affect GTB overall performance? We are talking of at least 2 billion in damages.

Funny.

BullBearMkt:

bless bro
I trust you don back test tire lol
I love that monthly chart of NSE ! I remain a student always
What goes up , keeps going up , what goes down keeps going down while people argue why loll
There are so many lessons to be learnt.
The moment the monthly cud not close higher consecutively, it was a sell and time to short** . There was a massive negative divergence also
But you can imagine the euphoria and sentiments of higher monthly closes back to back.
Many were caught on d down trend , they wud be averaging down into d abyss, d buy and Hold wud see portfolio vanish
Leaving d market with emotional bruises for years to come
TA removes emotions and bias of market.
You see it for what it is and not what you want it to be. Very important.
I learn to remain fluid, i can change my mind at any time
cheers always for sharing as it is and not your bias

DangFlour
Weekly
Link: https://invst.ly/4md86
Once u see price break a lower high (trend), u know what to do.

fxuser:
DangFlour
Weekly
Link: https://invst.ly/4md86
Once u see price break a lower high (trend), u know what to do.

Chief, abeg explain. Me no sabi read charts and graphs. Is it bearish or bullish?

holm:


Pluto, the the sharp increase in Property, Plant and Materials is the closest explanation(the company will need more hands and logistics for a new production line abi ) to the distibution and admin charge.

I will make my observation known when i finish reading all the notes.

Mpeace:
Chief, abeg explain. Me no sabi read charts and graphs. Is it bearish or bullish?

Bullish
- Prices even when they pull back make higher lows . They dont fall to prev or most recent lows
Ex: see GTB . . when it pulled back, it stopped ard 30 and cud not find its way to 25 , making a higher low)

Bearish
- prices break below prev lows and when they bounce , they make lower highs


We have to identify and treat them differently