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Nigerian Stock Exchange Market Pick Alerts - Investment (3383) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 9:12am On Apr 04, 2018
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:18am On Apr 04, 2018
tiar:


Your Fidelity has been omitting credit impairment from its books hence, the spike in profit. This was done to attract buyers for its Euro bond last year. Good luck to you.
What an elder sees while sitting down.if you like climb mountain,for where!
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 9:34am On Apr 04, 2018
leo1234:


You are indirectly calling pastor a gambler. shocked
Pastor must hear this. grin
not one, i bought caverton yesterday based on their improvement.
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 9:41am On Apr 04, 2018
DOLLARTEX:
What an elder sees while sitting down.if you like climb mountain,for where!

If true, more CEOs and company statements need to be investigated by SEC if they are truly equipped for this. In any case, if you are an investor in a bank, I still believe that the volume of NPLs, provisions and loan impairment charges taken by many banks in the last couple of years are not real...be you tier 1 or tier 2. With the magnitude of the the drop in oil prices between 2014 and 2016 and its after effect on other sectors, especially in oil based economies, i find it difficult to believe that less than 5 banks ever recorded, or currently have double digit NPL ratios. Meanwhile that was the sector most of them rushed into between 2012 and 2016.

For me, the state of risk management in all the banks, coupled with herd mentality just does not support single digit NPLs we are currently seeing. Small small, the true state of the institutions will emerge...Tier 1 and 2 alike.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:50am On Apr 04, 2018
TLAX:


If true, more CEOs and company statements need to be investigated by SEC if they are truly equipped for this. In any case, if you are an investor in a bank, I still believe that the volume of NPLs, provisions and loan impairment charges taken by many banks in the last couple of years are not real...be you tier 1 or tier 2. With the magnitude of the the drop in oil prices between 2014 and 2016 and its after effect on other sectors, especially in oil based economies, i find it difficult to believe that less than 5 banks ever recorded, or currently have double digit NPL ratios. Meanwhile that was the sector most of them rushed into between 2012 and 2016.

For me, the state of risk management in all the banks, coupled with herd mentality just does not support single digit NPLs we are currently seeing. Small small, the true state of the institutions will emerge...Tier 1 and 2 alike.
Do you have a unit of fidelity bank?
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:51am On Apr 04, 2018
TLAX:


If true, more CEOs and company statements need to be investigated by SEC if they are truly equipped for this. In any case, if you are an investor in a bank, I still believe that the volume of NPLs, provisions and loan impairment charges taken by many banks in the last couple of years are not real...be you tier 1 or tier 2. With the magnitude of the the drop in oil prices between 2014 and 2016 and its after effect on other sectors, especially in oil based economies, i find it difficult to believe that less than 5 banks ever recorded, or currently have double digit NPL ratios. Meanwhile that was the sector most of them rushed into between 2012 and 2016.

For me, the state of risk management in all the banks, coupled with herd mentality just does not support single digit NPLs we are currently seeing. Small small, the true state of the institutions will emerge...Tier 1 and 2 alike.
I don't think this applies to all banks. FBNH, diamond and some other banks have declared substantially to the point where some of us suspect over declaration.
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 9:56am On Apr 04, 2018
DOLLARTEX:
Do you have a unit of fidelity bank?

Used to. Will still own it in future....at the right time.
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 9:59am On Apr 04, 2018
DOLLARTEX:
Do you have a unit of fidelity bank?

By January everybody was blind about fidelity abi.? Our did d soup suddenly gone sour?
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 10:08am On Apr 04, 2018
Mpeace:
I don't think this applies to all banks. FBNH, diamond and some other banks have declared substantially to the point where some of us suspect over declaration.

FBN seems to have taken good actions, to deal with impairments on loan. However the result will justify

there have been many propaganda in pushing stock price. The stock will fall flat if impairment still towers.
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:11am On Apr 04, 2018
sellydion:


FBN seems to have taken good actions, to deal with impairments on loan. However the result will justify

there have been many propaganda in pushing stock price. The stock will fall flat if impairment still towers.
They project 120billion impairment for 2017. They have already taken about 100billion by q3. About 20billion to take in q4.
But they made alot of money last year from tbills.
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:11am On Apr 04, 2018
TLAX:


Used to. Will still own it in future....at the right time.
OK,you write with so much passion!if fidelity is down today,other banks time will come but not today.these results are not for real!
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 10:22am On Apr 04, 2018
@Currentprice na you no allow Dangflour reach canaan land
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:26am On Apr 04, 2018
Agbalowomeri:
@Currentprice na you no allow Dangflour reach canaan land
The thing dey fall like say tomorrow no dey. Now 13.75. I will wait to see if I can get it tomorrow at 12.40
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:27am On Apr 04, 2018
Agbalowomeri:
@Currentprice na you no allow Dangflour reach canaan land

not me na 333

grin
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:33am On Apr 04, 2018
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 10:33am On Apr 04, 2018
Abeg when MPC dey finish meeting?
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 10:35am On Apr 04, 2018
DOLLARTEX:
OK,you write with so much passion!if fidelity is down today,other banks time will come but not today.these results are not for real!

Actually, my HPR for Fidelity was thripple digits. I am just wondering how true this thing about using attractive audited but questionable figures forEurobond raise is. Its just bad for the market as a whole.
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 10:38am On Apr 04, 2018
Mpeace:
The thing dey fall like say tomorrow no dey. Now 13.75. I will wait to see if I can get it tomorrow at 12.40

Waiting for it below 12.00....
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 10:39am On Apr 04, 2018
Willie2015:


Waiting for it below 12.00....

Waiting till when Tiger brand will come and buy again
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 10:40am On Apr 04, 2018
grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:41am On Apr 04, 2018
Willie2015:


Waiting for it below 10.00....


u want send 333 and 1gentleguy back to villiage

grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 10:41am On Apr 04, 2018
Re: Nigerian Stock Exchange Market Pick Alerts by Thinkbigga: 10:46am On Apr 04, 2018
currentprice:
http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_MAY%20%20BAKER_2018-04-03.pdf

grin grin
What do you recommend, is it a buy?
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 11:03am On Apr 04, 2018
Re: Nigerian Stock Exchange Market Pick Alerts by bisiki2: 11:06am On Apr 04, 2018
@ Loco,

FCMB result is out.

grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 11:08am On Apr 04, 2018
bisiki2:
@ Loco,

FCMB result is out.

grin grin

What does it say? Highlights please...
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 11:09am On Apr 04, 2018
Fcmb
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:10am On Apr 04, 2018
TLAX:


What does it say? Highlights please...

Still loading. Takes time to load.
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:12am On Apr 04, 2018
RabbiDoracle:


Still loading. Takes time to load.

Na so the NPL heavy?
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 11:13am On Apr 04, 2018
grin

Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 11:14am On Apr 04, 2018
TLAX:


20k dps

http://www.nse.com.ng/Financial_NewsDocs/Corporate%20Action%20Information%20MAY%20BAKER4418.pdf
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:14am On Apr 04, 2018
phemmie06:
grin

Is this annualised?

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