fxuser:



- bearish Supply drying up !
- N22 support seems valid thus far !

Update on Zenith
- from N22 support to testing a very sensitive supply area !
- we got a close above N26 psychological level
- a weekly close above dis lvel will add further confirmation to a bullish break
- however '' IF '' SP can close above N26 on d weekly & above N27.40 on d monthly . . just hold and expect break above N30 and beyond
- pls not the ''IF's


Dis:
Added more at support. Will be adding more confirmation of break

Note:
It is always better to buy 52 wk highs than 52 week lows.

Access

- still consolidating
- weekly chart forming ascending triangle (bullish continuation), needs to break above N10.44 on d weekly
- patience

fxuser:


Update on Zenith
- from N22 support to testing a very sensitive supply area !
- we got a close above N26 psychological level
- a weekly close above dis lvel will add further confirmation to a bullish break
- however '' IF '' SP can close above N26 on d weekly & above N27.40 on d monthly . . just hold and expect break above N30 and beyond
- pls not the ''IF's


Dis:
Added more at support. Will be adding more confirmation of break

Note:
It is always better to buy 52 wk highs than 52 week lows.

Your money no dey finish

Nigerian stock market is now a mystery; where a fewly selected stock would be trending during the bear season. I hope Sfriprud has actually finally woken up.

fxuser:
Access

- still consolidating
- weekly chart forming ascending triangle (bullish continuation), needs to break above N10.44 on d weekly
- patience

Access. I prefer this stock to most bank stocks.

emmasoft:
Stanbic IBTC N43.00 not N33.00. I guess it was a sleep of hand from you.

thanks bro

fxuser:
Access

- still consolidating
- weekly chart forming ascending triangle (bullish continuation), needs to break above N10.44 on d weekly
- patience

Buy low and sell high, is the fundamental principle, not all this grammar. You wan buy, you no buy, leave am.

Just playing, my friend �

CBN May Change Monetary Policy Stance—FSDH
https://www.businesspost.ng/2017/10/16/cbn-may-change-monetary-policy-stance-fsdh/

Toluway:

Buy low and sell high, is the fundamental principle, not all this grammar. You wan buy, you no buy, leave am.

Just playing, my friend �

Make you leave @fxuser. I dey enjoy the guy. I know small of technical. If you combine patience with what the man dey talk,

you should remain good for a long time. Bull time is making all of us to be good traders now. You will appreciate him better when the bears come or the market is consolidating.

More so the man is building analytical skill.

Brethren.

Just got a text from StanbicIBTC pensions.

Pension funds is about to hit the money and stock Market.


https://www.stanbicibtcpension.com/PensionManagers/contact-us/Frequently-Asked-Questions

The National Pension Commission (“PenCom”) recently published/released the Amended Regulation on Investment of Pension Fund Assets for the Pension Industry. The new investment guideline introduces a multi-fund structure, which would replace the “one size fits all” structure that puts all active contributors into one Retirement Savings Account (“RSA”) Fund without consideration for age or risk profile of such contributors.

What is the multi-fund structure?

The Multi-Fund structure is a framework that aims to align the age and risk profile of RSA holders by dividing the RSA Fund into four distinct Funds. The current RSA Fund will be sub-divided into three separate Funds, while the RSA Retirees Fund would be the 4th Fund.
What is the difference between the 4 Funds?
The respective funds differ based on their overall exposure to variable income instruments such as equities (that is, Ordinary Shares) and the age profile of the members....

I don't understand you

valentinenwoko:
I don't understand you

Pension funds will now be invested in the stock exchange, REIT etc

Fund Type
Exposure to Variable Investment Instruments
Membership
Fund I
20% to 75% of Portfolio
Strictly based on request but not accessible to Retiree and active contributors of 50 years and above.
 
Fund II
10% to 55% of Portfolio
Default for active contributors of 49 years and below
 
Fund III
5% to 20% of Portfolio
Default for active contributors of 50 years and above
 
Fund IV
0% to 10% of Portfolio
Strictly for Retirees

http://www.stanbicibtcpension.com/PensionManagers/contact-us/Frequently-Asked-Questions

The link explain in details the new pencom directive

Willie2015:


Summary Below:

UBA released its Q3 2017 results earlier today.
Please find key highlights of the Q3 2017 results below:

· Net interest income of N50.9bn, up +2.3% q/q; up +6.2% y/y
· Profit before tax of N20.8bn, down -35.1% q/q; -13.5% y/y
· Profit after tax of N18.6bn, down -10.6% q/q; -17.1% y/y

where you see yah own result.

Hello Folks,

I am looking for a reputable and approved stockbroking firms that is big on e-transaction. I am not in Nigeria physically, so I am looking for a firm which would let me do all registration and transactions online. I will appreciate any good recommendations.

dipoolowoo:
Stock Recommendation for the Week (October 16, 2017)
https://www.businesspost.ng/2017/10/16/stock-recommendation-week-october-16-2017/

Sometimes, I read these stock recommendations to actually do the opposite. I sell what the give a buy recommendation and buy what they say I should sell after due diligence of course.

Because this our country dey upside down

OBAGADAFFI:


Pension funds will now be invested in the stock exchange, REIT etc

They should not crash somebody's hope after many years of hard work and investment

OjaP:
Hello Folks,

I am looking for a reputable and approved stockbroking firms that is big on e-transaction. I am not in Nigeria physically, so I am looking for a firm which would let me do all registration and transactions online. I will appreciate any good recommendations.

You can choose any of the following; meristem, vetiva capital, csl stockbrokers, stanbicibtc and TRW stockbrokers...Please go to their websites for more details.

Cheers!

fxuser:
Access

- still consolidating
- weekly chart forming ascending triangle (bullish continuation), needs to break above N10.44 on d weekly
- patience

I enjoy ur technicals. keep it up

fxuser:


Update on Zenith
- from N22 support to testing a very sensitive supply area !
- we got a close above N26 psychological level
- a weekly close above dis lvel will add further confirmation to a bullish break
- however '' IF '' SP can close above N26 on d weekly & above N27.40 on d monthly . . just hold and expect break above N30 and beyond
- pls not the ''IF's


Dis:
Added more at support. Will be adding more confirmation of break

Note:
It is always better to buy 52 wk highs than 52 week lows.

thank you fxuser. I always look forward to your technical analysis

In the recent Forte Oil Plc unaudited Q3 ended September 30th 2017 report, revenue fell by 20%.
Net income came in higher by 81.4% against comparable period of 2016. It was essentially due to an 82% reduction in tax paid.
Highlights:
Decline in Revenue was significantly impacted due to a 41% reduction in its Fuels business, which involves sales & distribution of petroleum products and ATK to its clients.
Cost of sales and Distribution expenses both went down by 24.3% and 57% respectively.
Pre-tax profit weakened by 0.8% due to the 84.5% expansion in net finance cost.
However, Profit after tax received a boost, experiencing a growth of 81.4%. This occurred as a result of an 82% dip in tax paid.
Q3 2017 EPS stood at 50K compared to ₦2.27k the previous year representing a 78% decline, despite the huge increase in PAT. This occurred as 87.1% from the total profit realized was returned to non-controlling interest holders.
Shareholders’ fund grew by 5.57%.

Kindly find in the link the Corporate Brief of the firm.

SOURCE: https://brandspurng.com/forte-oil-plc-q3-result-ended-sept-2017-profit-after-tax-experienced-a-growth-of-81-4/

please, who has an idea how Presco traded 4.6 million units yesterday? was it an off market deal?

https://www.proshareng.com/news/STOCK%20&%20ANALYST%20UPDATES/UBA-Reports-Q3-2017-Results--OPEX-Grew-25Percent-YoY/36773


https://www.proshareng.com/news/Corporate%20Results/UBA-Declares-N60.92bn-PAT-in-Q3-2017-Results--SP-N9.23k-/36768


What's the difference between these two reports?

DOLLARTEX:
where you see yah own result.

leo1234:
https://www.proshareng.com/news/STOCK%20&%20ANALYST%20UPDATES/UBA-Reports-Q3-2017-Results--OPEX-Grew-25Percent-YoY/36773


https://www.proshareng.com/news/Corporate%20Results/UBA-Declares-N60.92bn-PAT-in-Q3-2017-Results--SP-N9.23k-/36768


What's the difference between these two reports?

One is Q3 (Jul-Sept) result while the other is 9M (Jan-Sept) result. Q3 alone is not impressive, hence the muted/neutral initial reaction to the result.

Nah only Fidelity follow come

The market in dire need of an impressive result to lift investor's mood else.....

AIICO pulling some decent volumes.

Manonamission:
The market in dire need of an impressive result to lift investor's mood else.....

You better get ready for November bear, it is coming for all of us

Willie2015:
You better get ready for November bear, it is coming for all of us

Are you sure?