jideflash:
Today is my saddest day of this year. I didnt act on FO tip from reliable source.

On top FO that will soon reverse gear? Relax joorrr

Princkez:
Thanks to current price for your analysis on FO...I have been buying FO based on your analysis...thanks once more

Na waoh.just for one day full bid?

Access resistance for a while (7.30 - 7.35) has finally being broken. Already bidding at 7.05.

I don't understand this FO MTO offer. Why is the company making noise about the MTO when the interested investor could have just bought the Tasere units from the floor and even at a discounted price than what is being offered.

Right now the bid is currently 872,931 units which is 50% above the proposed units to be acquired at 275% discount to the price being offered. This is making me see the scheme as disguised P&-D....

mendes911:


On top FO that will soon reverse gear? Relax joorrr

Na so, my Oga.

I bought FO @ NGN 16.00 bases on rumors, sold @loss when the is keep reversing .

nna777:
Access resistance for a while (7.30 - 7.35) has finally being broken. Already bidding at 7.05.

Na sidon look we dey so. coz the bleeding of our portfolio will be unbearable if we decide to jump out of the bus//////...

No shaking.

I only bought FO based on q2 2019 results...hope q3 2019 will be better

HOLD and guide ur FORTE OIL stake. ...infact, be overprotective of it !!
Some folks might be looking to buy from u.

Remember:

"The reason why most analysts will sing songs of FEAR, is because they are ready to dance to a different melody of GREED.
...and would also do the opposite to u after 'having u dance to rocks of excitement'.
The key lies with knowing when to draw a thin line between the 2, and adjust ur footsteps accordingly."
~Sinclair

"If u desire to fair well in the stock market, then LISTEN to the 'songs' of the leader herds and analyst alike, but pay more ATTENTION to their dance steps.
...It's a good way to Interpret their 'lyrics and choruses', and an even better way to measure the 'rhythm and heartbeat' of the market."
~Sinclair

http://www.nse.com.ng/Financial_NewsDocs/27899_MOBIL_OIL_NIG_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Coolcash1:


Na sidon look we dey so. coz the bleeding of our portfolio will be unbearable if we decide to jump out of the bus//////...

No shaking.

Una too fear.

Siddon and enjoy the Dividends they pay yearly. That will be the worst case scenario for you.

Agbalowomeri:


Abi you wan take over forte oil

I'm already in fo.

... beware of fo... It kills

RabbiDoracle:


Una too fear.

Siddon and enjoy the Dividends they pay yearly. That will be the worst case scenario for you.

Depending on how 'free' people's money be

Agbalowomeri:


Depending on how 'free' people's money be

Exactly. If for any reason you are in need of cash, the 'free' money is no longer free.

onegentleguy:


In one of my ealier post(after analysing the proposed MTO and the coys current fundamental stance), I had mentioned FORTE OIL(together with conoil) as the only oil & gas coys that folks should consider aligning with.
In a previous analysis, I had also said that the former has been grossly underpriced(risk-return in view) given its financial print, and that WITH OR WITHOUT the proposed MTO, it presents a juicy margin that an investor can tap from(value drive behind the price in view)
...well, FORTE OIL is now on full bid. We wait to see where the price rise gets to.

Contrarily, I also said then, that the other coys in the sector, particularly 11 PLC and TOTAL(safe for SEPLAT) are currently overpriced.
...risk margin has since overtaking feasible return and so it'll be best for anyone in them to sell-off their stakes and look to buy later after prices reset in line with current surrounding risk premium.

One of the big worry with the sector(which has really affected big players like total) is the squeeze in margin from reduction in gasoline sales following border closure by the government as it looks to discourage smuggling and boost revenue with better treasury.
On a YoY run, their receivables from subsidies should take a bite as the gov't looks to optimize cost on fuel supply as a temporal alternative to the much better total subsidy removal/deregulation in the sector.

So for those who wish to align with coys in the oil & gas space, I'll only advise FORTE OIL, CONOIL and SEPLAT given their present fundamental stance(current value benchmarked against risk-reward peg)
However, we prefer the 1st 2 on reasons bordering around their current market price.(MoS return in view)

I hope to do an analytical review of the 3rd(SEPLAT) @ a later date.

Salah.

http://www.nse.com.ng/Financial_NewsDocs/27899_MOBIL_OIL_NIG_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

In line with our ealier thoughts, here is 11 PLC(formerly mobil) Q3 financial print. ...which shows a downside accross key revenue and earnings line.

One KEY positive for us though, is the company's very healthy liquidity stance(cash position)

TOTAL had also released a similar downside result.
That said, we believe that 11 PLC is slightly better off than it(total) using certain key fundamental variant on a collective.
Notwithstanding, both coys remain a SELL for us as we see a lower upside potential against a higher risk premium.(risk-reward in view)

It is well.

I have reasons to believe tomorrow would be a very Green Day, but I am a learner so I wonder what the house thinks. This endless bottomless pit isn’t healthy at all!

jamace:
And today is my joyful day because I entered this night bus long ago and the bus just left park today.

I do not belive it is going anywhere in a hurry because tomorrow is the closing day, Why would anyone be very desperate to buy after tomorrow? Unless the men in black are plotting to take over?

Yours sincerely only managed to pick up 10 Afolabi units before i maxed out on equity investment allocation.

Any which way, we dey!

bigjay01:


I do not belive it is going anywhere in a hurry because tomorrow is the closing day, Why would anyone be very desperate to buy after tomorrow? Unless the men in black are plotting to take over?

Yours sincerely only managed to pick up 10 Afolabi units before i maxed out on equity investment allocation.

Any which way, we dey!

We go dey anyhow sir

bigjay01:


I do not belive it is going anywhere in a hurry because tomorrow is the closing day, Why would anyone be very desperate to buy after tomorrow? Unless the men in black are plotting to take over?

Yours sincerely only managed to pick up 10 Afolabi units before i maxed out on equity investment allocation.

Any which way, we dey!

and q3 result will follow

I wonder why people are not killing it in this bizzy despite Nigeria being very corrupt. Don't you guys know about insider trading .

Bomboclad:
I have reasons to believe tomorrow would be a very Green Day, but I am a learner so I wonder what the house thinks. This endless bottomless pit isn’t healthy at all!

And where were you in August 2019 where the prices you see now are much higher than they were in August?

People bought FCMB (1.4+), Fidelity(1.4+), UBA(5.4+), Access (5.4+), Zenith (16), GTB (25+) then. And they are still on profit albeit little!

currentprice:
if you are thinking which one to buy either ZENITH or UBA

my opinion is buy UBA UBA and UBA

reason: uba appears to have the best numbers so far

God bless you for giving out these clues for free. Thereby indirectly helping in financial my ministry of evagelism.

Agbalowomeri:


Depending on how 'free' people's money be

Na school fees dem invest ni?

Bomboclad:
I have reasons to believe tomorrow would be a very Green Day, but I am a learner so I wonder what the house thinks. This endless bottomless pit isn’t healthy at all!

Lol
Don't I remember this my guy with his GTB campaign when index was 30k?
Abeg sorry if I am wrong

onegentleguy:


In one of my ealier post(after analysing the proposed MTO and the coys current fundamental stance), I had mentioned FORTE OIL(together with conoil) as the only oil & gas coys that folks should consider aligning with.
In a previous analysis, I had also said that the former has been grossly underpriced(risk-return in view) given its financial print, and that WITH OR WITHOUT the proposed MTO, it presents a juicy margin that an investor can tap from(value drive behind the price in view)
...well, FORTE OIL is now on full bid. We wait to see where the price rise gets to.

Contrarily, I also said then, that the other coys in the sector, particularly 11 PLC and TOTAL(safe for SEPLAT) are currently overpriced.
...risk margin has since overtaking feasible return and so it'll be best for anyone in them to sell-off their stakes and look to buy later after prices reset in line with current surrounding risk premium.

One of the big worry with the sector(which has really affected big players like total) is the squeeze in margin from reduction in gasoline sales following border closure by the government as it looks to discourage smuggling and boost revenue with better treasury.
On a YoY run, their receivables from subsidies should take a bite as the gov't looks to optimize cost on fuel supply as a temporal alternative to the much better total subsidy removal/deregulation in the sector.

So for those who wish to align with coys in the oil & gas space, I'll only advise FORTE OIL, CONOIL and SEPLAT given their present fundamental stance(current value benchmarked against risk-reward peg)
However, we prefer the 1st 2 on reasons bordering around their current market price.(MoS return in view)

I hope to do an analytical review of the 3rd(SEPLAT) @ a later date.

Salah.

Gracias,

Those days, I was able to buy fo big time due to your analyses.

MORE GREASE TO YOUR ELBOW.

My brother, I have since gone back to “school” in humility to study some more. Now I am hoping for a Green Day tomorrow, cos anything other than that would be confusing to say the least.

Agbalowomeri:


Lol
Don't I remember this my guy with his GTB campaign when index was 30k?
Abeg sorry if I am wrong

Is gsk closing shop in nigeria? Me I no understand again

yom2:
Is gsk closing shop in nigeria? Me I no understand again

Maybe a take-over bid is in the offing.

House, pls, is this FO form worth filling

Peradventure the stock rises in the future, hope that wouldn't freeze our stocks and prevent us from selling on the floor?

cc: everybody

veecovee:
House, pls, is this FO form worth filling

Peradventure the stock rises in the future, hope that wouldn't freeze our stocks and prevent us from selling on the floor?

cc: everybody

By Monday, you are already qualified and you can sell your holding whenever and you will still get your 10 shares allotment Lol

yom2:
Is gsk closing shop in nigeria? Me I no understand again

The way blue chips are scattering the ground, we still have some way to go