Really good to see Dipoolowo make posts aside giving links to news articles. And I think the posts have been level-headed. I hope you continue to contribute to discussions after Skyebank brouhaha dies down and people move on. Well done sir.

dipoolowoo:
I needed to emphasize that before she think say na Nestle S.A I wan give her.

Lol.

dipoolowoo:
Some people don call us privately say we 'pushed' them to buy, sell or hold stocks recommended in our articles.

Not good enough.

Jejebabaa:
For those trading insurance stocks. Pls watch your back before we experience another skye.
https://trwstockbrokers./2018/09/24/insurance-firms-face-hostile-acquisition-mergers-over-low-capitalisation/amp/?__twitter_impression=true Cc: Iya Mcy56 and co.

Thank you very plenty. This warning is crystal clear.

deepsuk:
Happy Sunday to all. May God bless you. He has risen.

Amen IJN. This is good pretty. Make you try to dey pray like this.

Olohunjedalo:
You didn’t curse people today . Hmm This one that you’re praying. I hope all is well

deepsuk:
When your losses enter couple of billions then u too will be abusing

Mpeace:
Bonanza gang right now. Just waiting for the right time.

Where you see Agba's pic? Abi you snap am that time you go village ni?

Audacius:
Really good to see Dipoolowo make posts aside giving links to news articles. And I think the posts have been level-headed. I hope you continue to contribute to discussions after Skyebank brouhaha dies down and people move on. Well done sir.

Exactly! He didn't alert anyone cos he restricted himself to posting only links.
I was like, so this gentleman can make contributions aside posting links. A good one Dipo.

Mpeace:
Ayeni took 70billion from skye. But he had a total of 150billion from the banking industry. Most of this was spent in power sector investments eg Ibadan and yola discos
https://www.thecable.ng/httpswww-thecable-ngexclusive-tunde-ayeni-wrecked-skye-bank-management-writes-osinbajo/amp

Ibadan disco collected money from government (CBN) for power and diverted it.

http://nerc.gov.ng/index.php/media-library/press-releases/568-nerc-suspends-board-of-directors-of-ibadan-disco

Mcy56:

Exactly! He didn't alert anyone cos he restricted himself to posting only links.
I was like, so this gentleman can make contributions aside posting links. A good one Dipo.

But why will anyone invest in an organization without good corporate governance?

This is why FA outweigh TA.

Nigeria is the most delicate country to invest your assets, we lack competent regulatory bodies. NSE represents permanent n selfish interest of some MAFIA.SEC is handicap and in a vegetative state. No scape goat could be caught,Coz of d slogan Na we we we.
How can one explain the deeds of bisi onasanya who greedily and selfishly destroyed first bank by granting unsecured loans to his friends and accolades in the oil industry? Uptil now fbn has not recovered.
Tunde ayeni, his selfishness destroy skybank
Pascal dozie n gangs are on the mission to destroy diamond bank
Wale Tinubu, he single handedly ruined oando
Oba otudeko is busy writing the obituary of Honeywell flour mills
From North to South the story is d same
Executive exuberance is the name of the game
No one can predict the future of NSE
VIGILANT AND FINANCIAL INTELLIGENT ARE WORTHLESS IN ANY ENVIRONMENT THAT IS CONTROLLED BY THE MAFIANS.
ONLY GOD KNOWS IF NSE CAN SEE BULL IN D NEXŤ FIVE YEARS.
THE EXECUTHIEF IN NIG ARE JUST TOO SOPHISTICATED. ONLY GOD KNOWS HOW MUCH OF RETIREMENT FUNDS HAVE BEEN LOST TO THE MALPRACTICES IN NSE.
FOR THOSE LONGTIME INVESTORS, BE WARNED, NSE IS NOT A PLACE FOR YOU. THE RULE OF NSE IS JIJO
YOU CAN IMAGINE AN INDEX THAT SHED ALMOST 50% WITHIN A YEAR
STILL THERE IS NO HOPE IN SIGHT.
LEARN THE WARNING SIGNALS, JIJO
MY ONE KOBO ADVISE STOP BELIEVING IN THE LAME EXCUSES OF PRE OR PARA ELECTION BEARS. IT DOES NOT EXIST.

Olohunjedalo:
What’s the fate of Skye bank share holders now please

CBN now owns Polaris Bank. SKYE bank is DEAD so the shareholders are left with dead body!

OBAGADAFFI:


But why will anyone invest in an organization without good corporate governance?

This is why FA outweigh TA.

It's a synergy, no ground for comparison

Good morning all, for those who said I don’t contribute here aside posting news links, you are right and I apologise for that. From now on, I will try to be active here, contributing to discussions.
Do have a fruitful trading week and please, take it easy on banking stocks at the market this week.

Analysts Predict Fall in Banking Stocks as Skye Bank Exits NSE
https://www.businesspost.ng/2018/09/24/analysts-predict-fall-in-banking-stocks-as-skye-bank-exits-nse/

CBN Yet to Register Polaris Bank, New Owner of Skye Bank
https://www.businesspost.ng/2018/09/24/cbn-yet-to-register-polaris-bank-new-owner-of-skye-bank/

OBAGADAFFI:


But why will anyone invest in an organization without good corporate governance?

This is why FA outweigh TA.

FYI, good corporate governance does not exist in Nigeria. What exist is selfish interest. How on earth could Lame NSE the political susceptible CBN and THE HANDICAP SEC woke up one day and announced the burial of sky bank with no prior announcement of its obituary?
A good investor with a good lawyer will make fortune from this useless regulatory agencies that only serve the interest of the oligarchy.
All the high volume of sky traded on NSE in the last one month was dumped by the Oligarchs n Nigeria aristocrats. Now the minority shareholders suffer the consequence. Some pension funds are lost 4ever,JIJO are trapped

Godlylifeoneart:

FYI, good corporate governance does not exist in Nigeria. What exist is selfish interest. How on earth could Lame NSE the political susceptible CBN and THE HANDICAP SEC woke up one day and announced the burial of sky bank with no prior announcement of its obituary?
A good investor with a good lawyer will make fortune from this useless regulatory agencies that only serve the interest of the oligarchy.
All the high volume of sky traded on NSE in the last one month was dumped by the Oligarchs n Nigeria aristocrats. Now the minority shareholders suffer the consequence. Some pension funds are lost 4ever,JIJO are trapped

Obituary was announced when SKYE started depending on CBN to meet its obligation to depositors.

Any pension fund that invested in SKYE and trapped till now should be liquidated. Before PENCOM does not even allow them to invest in companies that are not paying dividend! How much more one without result.

wanaj0:


CBN now owns Polaris Bank. SKYE bank is DEAD so the shareholders are left with dead body!

Dead bones shall rise again

Don't even mention CBN, SEC and NSE. These agencies are mere figure-heads.

As at the time, last Friday, the CBN announced Polaris Bank as the new owner of Skye Bank, their website was yet to be created. The site was created by 8:16pm, which the company is yet to be duly registered.

This goes to show you that we are not serious in the country. Same way Nigeria Air faded away.

Godlylifeoneart:

FYI, good corporate governance does not exist in Nigeria. What exist is selfish interest. How on earth could Lame NSE the political susceptible CBN and THE HANDICAP SEC woke up one day and announced the burial of sky bank with no prior announcement of its obituary?
A good investor with a good lawyer will make fortune from this useless regulatory agencies that only serve the interest of the oligarchy.
All the high volume of sky traded on NSE in the last one month was dumped by the Oligarchs n Nigeria aristocrats. Now the minority shareholders suffer the consequence. Some pension funds are lost 4ever,JIJO are trapped

wanaj0:


Obituary was announced when SKYE started depending on CBN to meet its obligation to depositors.

Any pension fund that invested in SKYE and trapped till now should be liquidated. Before PENCOM does not even allow them to invest in companies that are not paying dividend! How much more one without result.

I disagree with you, what was announced was ill heath. Coz I could only see sky bank in a state of status epilepticus. Today the bank daily price chart rises, tomorrow its down, and dz was not unique to only skybank. Most of the quoted companies on NSE exhibit dz features. Hence there was no announcement, only suspiciousness by financial brilliant people. As at the time of last CBN intervention in 2015/16 the political exposed regulator was assuring investors that all banks in Nigeria are saved n healthy.

rip syke bank 2006-2018

Agbalowomeri:


It's a synergy, no ground for comparison

Agreed, but FA paints a better picture of an organization than TA.

TA won't give you that picture, in-fact with TA will make you trade dead organization.

MSCI PORTFOLIO MOVEMENT- AS AT 21 SEPTEMBER 2018/GENERAL COMMENT

MSCI still on market imposed holiday. This week will likely start on a losing note. No thanks to the Skye Bank issue. Market likely to be in bad mood for the week (I am forgetting the spike in Brent Price early this morning). The 32,600/32700 level has already shown up as a resistance point.

For the expected trading range high and low for the day (watch for the lows this week): High to be at 32724.38 and low at 32415.90. Personally, I am withdrawing all my buy orders immediately to take a better view of the market again.


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).

N:B

1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero. This is an equity fund investing in the Nigeria market.

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock markt crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts, you will see the various sources where the data can be verified.

OBAGADAFFI:



Agreed, but FA paints a better picture of an organization than TA.

TA won't give you that picture, in-fact with TA will make you trade dead organization.

Provided your FA figures are reliable
What proportion of quoted companies go all out to deceive with cooked up figures?

Godlylifeoneart:

FYI, good corporate governance does not exist in Nigeria. What exist is selfish interest. How on earth could Lame NSE the political susceptible CBN and THE HANDICAP SEC woke up one day and announced the burial of sky bank with no prior announcement of its obituary?
A good investor with a good lawyer will make fortune from this useless regulatory agencies that only serve the interest of the oligarchy.
All the high volume of sky traded on NSE in the last one month was dumped by the Oligarchs n Nigeria aristocrats. Now the minority shareholders suffer the consequence. Some pension funds are lost 4ever,JIJO are trapped

You don't need to generalize .

Their are companies with good good corporate governance on the NSE.

SKYE bank issues is not new to anyone here.

Just like Japaul, Oando and co.

Good morning.


We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).


Pre market runs from 9.30 to 10am daily on the NSE.


During this period, investors can place orders, but no trade occurs.


Figures will take the format Bid(k) vs Offer(k).


Bid represents the amount of stocks people want to buy.


Offer the number of stocks, people wish to sell.


K represents thousands.


Net bid means there are no offers for a stock.


Net offer means there are no buyers for a stock as at pre market.


Bid vs Offer figures are subject to change all through the day.


Access Bank 970k bid vs 80k offered


Dangote Cement 1k bid vs 200 units offered


FBN Holdings 30k bid vs 600 units offered


Seplat Petroleum 50 units net bid


UBA Plc 300 units bid vs 35k offered


Wapco 50k bid vs 2k offered


Zenith Bank 144k bid vs 10k offered


Dangote Flour 36k bid vs 13k offered


Dangote Sugar 1k bid vs 41k offered


Guaranty Trust Bank 10k bid vs 10k offered


International Breweries 1k bid vs 40k offered


Nigerian Breweries 6k bid vs 20k offered


Unilever Nigeria 21k bid vs 3k offered






This Nairametrics post is brought to you by I-Invest

Visit http:///i-invest_ng Today.

OBAGADAFFI:
But why will anyone invest in an organization without good corporate governance? This is why FA outweigh TA.

For jijo things na. No dey do as if you no know wetin dey happen.

I rush say make I go sell my tashere fidelity but I don pause as I see bids queue up there.

lostinHeaven:
rip syke bank 2006-2018

Skye never reach heaven, e still hang between heaven and earth. Afterall na suspension the thing dey na.

Yes. Oil now 80.11

lostinHeaven:
rip syke bank 2006-2018

Bra, it should be rest in pieces

There's still mixed feelings in the market so far....... we are observing..

Mpeace:
Yes. Oil now 80.11

Lol
You no know say nse don disconnect from oil temporarily

Mpeace:
Yes. Oil now 80.11

$80.74

Mcy56:

For jijo things na. No dey do as if you no know wetin dey happen.

I rush say make I go sell my tashere fidelity but I don pause as I see bids queue up there.

I know say na JIJO things.

But the NSE should have warned and suspended trading on Skye bank before CBN hammer.

Mcy56:

For jijo things na. No dey do as if you no know wetin dey happen.

I rush say make I go sell my tashere fidelity but I don pause as I see bids queue up there.

This is why you should discard most info you write from here.

Soteee them go talk say heaven dey fall ... nawaooo!