"I've found that the big money was never made in the buying or the selling, was made in the waiting." J. Livermore

I had a dream about Oando yesterday's night where I saw JAT......This is my first time in my trading life of dreaming about a company and its management.

The outcome?, time will tell...

feelamong:
"I've found that the big money was never made in the buying or the selling, was made in the waiting." J. Livermore

....when you buy only Value stocks... don't get it twisted bro.

Which MAGIC Sir? I just believe that the stock is meant for people that have too much money or those that have made up their minds to gamble in the market.
With the current state of Oando's financials, one will need crude oil price to hover above $100 and it has to be consistent for the next five years.
New management will also have to keep cost at the minimum for the stock to be attractive for anything. There is no difference between Oando and Japaul Oil. The state of the financials of the 2 companies are really YOYO.

maishai:

Nna If oando falls heavily to sub #3 I will load heavily on it, I think another cycle of Oando magic is about to take place

feelamong:
"I've found that the big money was never made in the buying or the selling, was made in the waiting." J. Livermore

IF oil sector loans are resolved and write backs occurs, people will better understand your post. Imagine how much FBNH, DIAMOND and FCMB has taken in impairments since 2015 and think of the implications of a write back once oil companies stabilise.

jamace:
You better hide yourself, otherwise, Currentprice will tell your life history graphically.

Na so this guy told me my history about the stock which I bought in the days of yore, which I have long forgotten.
I'm still trying to get his identity. I believe his present name is not his former name. Can you tell me his previous name in this forum please? I dey fear this guy.

Toluway:

Na so this guy told me my history about the stock which I bought in the days of yore, which I have long forgotten.
I'm still trying to get his identity. I believe his present name is not his former name. Can you tell me his previous name in this forum please? I dey fear this guy.

Wallahi, I no know the guy o.

http://www.nse.com.ng/Financial_NewsDocs/19872_IKEJA_HOTEL_PLC_-_Q1_MARCH_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

jamace:
Wallahi, I no know the guy o.

me know u now

ftcocoa, japauoil and many pennystock lover u be

currentprice:


me know u now

ftcocoa, japauoil and many pennystock lover u be

Yes o. Bought them when I was a pure novice in this biz.

....

wonder what the logic of suspending trading Oando for 48hrs and not till outcome of their forensic audit.... 48 hrs does not seem enough to do a forensic audit ... it appears oando would be on a free fall after trading resumes but thats on the premise that their books aren't clean

Bankers, Judges Alert Nigerians on Crypto Currencies’ Risks
https://www.businesspost.ng/2017/10/19/bankers-judges-alert-nigerians-crypto-currencies-risks/

Intendy:
http://nse.com.ng/Financial_NewsDocs/19875_DANGOTE_CEMENT_-9_MONTHS_SEPT_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

SP at premium here

http://www.nse.com.ng/Financial_NewsDocs/19877_ZENITH_BANK_-_9_MONTHS_SEPT_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/19877_ZENITH_BANK_-_9_MONTHS_SEPT_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/19877_ZENITH_BANK_-_9_MONTHS_SEPT_2017_FINANCIAL :D_STATEMENTS_OCTOBER_2017.pdf

This is a bank to be.

PharmAlfred:





This is a bank to be.

The best so far
And I missed this just because of 20k. Chai

pluto09:


The best so far
And I missed this just because of 20k. Chai

boss you remember our post on this bank and gtb when their Q2 out months ago

pluto09:


Trading income to the rescue.
The impairment charges in q2 alone is worrysome.
Other operation expenses also ballooned up in q2.

Waiting for access and uba.
If the same trend continues, will have to do the needful with my position in bank stocks before they release their end of year results.

currentprice:
Zenith had a good result... if they can maintain or improve on this kind of result N50 is not far to reach for them.
with current result,, investors that use to anticipate will start loading on d believe that zenith will repeat or improve on Q2 report and if mkt think same way price will start moving up from 2day and by the time the Q3 or Audited report comes out. Mkt already fully or partly factor in price

For those that use to buy base on what they see "current report" and if mkt feels the same price will just be in ranging ,, a move up or down but not too far from currentprice which is rightly value

zenith is selling at discount

www.nse.com.ng/Financial_NewsDocs/19878_INT'L_BREW_-_MERGER_ANNOUNCEMENT_CORPORATE_ACTIONS_OCTOBER_2017.pdf

currentprice:




zenith is selling at discount

@ current price, can d same be said of fidelity and if so , what effect r u envisaging on its sp in 5-6 months time?

At this rate, Zenith should be trading very close to GTB If not for the irrational way the market thinks.

Waiting on Access to complete the big 4.

The penny banks have refused to drop their result. What are they hiding?

Zenith Bank Gross Earnings Hit N531b in 9 Months, EPS Grows 35.6%
https://www.businesspost.ng/2017/10/19/zenith-bank-gross-earnings-hit-n531b-9-months-eps-grows-35-6/

stokfrick:

@ current price, can d same be said of fidelity and if so , what effect r u envisaging on its sp in 5-6 months time?

fidelity Q3 not yet out but base on Q2 i have a valuation price of N2.2.. apart from their dividend goodwill. if i must buy penny bank i will go for diamond

depend on Q3,,the price may value down or up

bank profits are superficial.

based on exchange rate gains, treasury bill yields and high interest rates apart from the usual scam of getting forex fro CBN at 305 and selling to customers at 370-400. Is that banking?

very little real-banking going on here.

try and get a loan, its like dealing with loan shark mafias.

these banks even want to sell recharge cards they are even competing with the mallams on the street.

thats why i wont invest in these useless banks.

gtb, zenith, all of them are small banks.


if you add up all the banks in Nigeria their market cap is equal to the market cap second biggest bank of South Africa.


thats how much of a joke Nigerian banks are.


all they are good for is going around in their lexus jeeps.

currentprice:


fidelity Q3 not yet out but base on Q2 i have a valuation price of N2.2 apart from their dividend goodwill. if i must buy penny bank i will go for diamond

depend on Q3,,the price may value down or up

Really? But diamond bank has no dividend goodwill naa. So why diamond?

currentprice:


fidelity Q3 not yet out but base on Q2 i have a valuation price of N2.2 apart from their dividend goodwill. if i must buy penny bank i will go for diamond

depend on Q3,,the price may value down or up

@CP well done! please can you make an explanation on how you do arrive at your valuations of stocks.

I need to learn, hope you wont turn it down, please give back to your guys.

currentprice:


fidelity Q3 not yet out but base on Q2 i have a valuation price of N2.2.. apart from their dividend goodwill. if i must buy penny bank i will go for diamond

depend on Q3,,the price may value down or up

But talking about fundamentals, currently, fidelity is healthier than diamond esp. WRT banking parameters viz CAR and even Non performing loans

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/19872_IKEJA_HOTEL_PLC_-_Q1_MARCH_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

http://www.nse.com.ng/Financial_NewsDocs/19879_IKEJA_HOTEL_-_HALF_YR_JUNE_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf