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Re: Nigerian Stock Exchange Market Pick Alerts by CashDiMkpa: 11:32am On Jan 21, 2020 |
Mcy56: From what i have read on this forum and others so far, i think these are the reasons why people are concerned. 1. It is unusual to lift a closed period that has been imposed because the board is meeting to consider the audited accounts before sending it to CBN. It either means that by that date, the auditors will not have finished the audit or that there are disagreements with the auditors on the audit which may not be resolved by that date. 2. Point number 1 is worsened because a key management staff has now taken advantage of that lifting of close period to trade in his shares (forget for now the quantum of shares traded) and key questions that arise are a. Was the closed period lifted to enable him trade in these shares? b. Is he privy to a fact by virtue of being an insider that other people do not have? 3. Concerns remain about the Q3 accounts especially in view of the the abnormal administrative expenses and the fact that it seems implausible and improbable that a bank can declare such growth in asset and profit from acquiring a bank that most analysts agree had bloated asset figures and had struggled to declare any profit for years. All these do not necessarily prove there is anything wrong with the bank or its books but just seems unusual. It is now left for individual investors to analyse these fact and attach different weights of importance to them. Different actions will be expected from those who are adept risk takers and those who are very risk averse and are focused on not loosing money. In any case, sooner than later, the real reasons will become clearer. In the case of Zenith Bank, a FPI sold for sure through Stanbic and there was no need for disclosure in the NSE portal as they are not insiders. Many things could have driven this including portfolio rebalancing etc. We do not know for sure. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 11:33am On Jan 21, 2020 |
The current depression in Access bank might be a blessing in disguise for those in the bus, and those wishing to enter.....hmmm!! |
Re: Nigerian Stock Exchange Market Pick Alerts by akinssan(m): 11:34am On Jan 21, 2020 |
Mcy56: Need to come back to km 8 |
Re: Nigerian Stock Exchange Market Pick Alerts by CashDiMkpa: 11:35am On Jan 21, 2020 |
Bomboclad: True...but watch that investment or trade very closely. |
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 11:35am On Jan 21, 2020 |
Bomboclad:Oga Bomboclad, are u reservoir engineer or a chartist technician. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:37am On Jan 21, 2020 |
Mcy56: Let me call Father Mbaka fess |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 11:40am On Jan 21, 2020 |
i have had long-term funds in WAPCO more than 6 months ago. However, based on what i see, it would drink water soon after a likely massive jump. sellydion: |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:41am On Jan 21, 2020 |
OBAGADAFFI: Remember some patience dogs bought both WAPCO @N115 and UACN @N45 in 2013 and 7year down the lane they are still miles away from BREAKING EVEN. Inessence as longer as this millennium market is concern PATIENCE is no longer the KING rather PLAYING SMART is the KEY. 9 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:41am On Jan 21, 2020 |
sellydion:You know, I actually did a quick run on wapco now and discovered it was trading around the N40 region as at mid 2018, and N50 region as at 2017 despite the lull in the market. Just wondering the type of "illness" that brought it this low. Caveat: Not to be interpreted as anything pls. |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 11:44am On Jan 21, 2020 |
No retracement at 16,50 in view. You can always buy more. Bomboclad: |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 11:44am On Jan 21, 2020 |
Remember? Bomboclad: |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:46am On Jan 21, 2020 |
PETERiCHY: Thank you Sire |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 11:47am On Jan 21, 2020 |
Mcy56: Justice have been done to this several times I think pluto did a wonderful analysis if I could remember. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 11:49am On Jan 21, 2020 |
Thank you Sir. CashDiMkpa: |
Re: Nigerian Stock Exchange Market Pick Alerts by chunkuli: 11:52am On Jan 21, 2020 |
what are these interesting snakes and ladders? Bomboclad: |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:53am On Jan 21, 2020 |
sellydion:Thanks sir. Maybe I didnt bother to read cos I didnt have any interest in it as at then. I'll try and search for the post. Ok, does it mean their management are back on track and doing it right shey? **Even if someone doesnt want to buy self, Wapco Promoters wouldnt allow one rest**. Lol. na joke o. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:54am On Jan 21, 2020 |
Wapco 16.85 now Let it continue, more moneybags will take it up from where retailers 'stopped'. |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 11:55am On Jan 21, 2020 |
sellydion: OGG was on his third edition on WAPCO before he lost his remote...... |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 11:58am On Jan 21, 2020 |
Agbalowomeri:
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:02pm On Jan 21, 2020 |
Mcy56: 10.85 Suddenly everyone is now romancing Wapco. |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 12:02pm On Jan 21, 2020 |
Market is trying hard to crash Access & UBA simultaneously. If they succeed this week......We shall find out by Friday! |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:06pm On Jan 21, 2020 |
Fidelity and FCMB needs to prove to investors that they wouldnt 'mess-up' with their expectations again. Pull back ongoing in Zee and UBA................. my boss may have other name for this. Fbnh........just dey on its own..... |
Re: Nigerian Stock Exchange Market Pick Alerts by jamace(m): 12:06pm On Jan 21, 2020 |
I LOVE THIS GAME |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 12:09pm On Jan 21, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 12:09pm On Jan 21, 2020 |
FBNH is plotting a coup against UBA and ACCESS. Those who can't sit in one place are queuing for FBNH after divorcing Access. Cant your money rest? NB: Just observing 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 12:14pm On Jan 21, 2020 |
RabbiDoracle: Your call was more of a technical call than fundamental one. HW selling his shares raises a fundamental and not a technical question. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 12:14pm On Jan 21, 2020 |
PETERiCHY: WAPCO now N17.80k and still counting. Congrats to those that heed our call on Jan14th when it was beginning for buyers @N14.80k. For the NEWBIES this a stock that has been to hell and back. A stock coming from a height of N115k 7yrs ago. With countless right issues,restructuring and debt reduction of over N200billion. So it's time for it to take fresh air. Come APRIL 2020 with release of 2019 FY and 2020 Q1 result it will be the ENVY of other STOCKS. BARGAIN BUNTERS TAKE. NOTE! *ThE OcToPuS* 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 12:14pm On Jan 21, 2020 |
The Big Smart Guy we're seeing your hand ooo. Waiting to see the first person to complain that he/she couldnt see to buy at 14/15/16. |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 12:18pm On Jan 21, 2020 |
RabbiDoracle: Come one, you know better than that! He couldn't have confirmed the purchase of DB when the final details of the deal had not been ironed out. Moreover, regulators (SEC, NSE) must be notified and their their approval received before releasing the information to the public. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 12:18pm On Jan 21, 2020 |
DeRuggedProf:Nna ehhh.......If only I toned down the noise....... I once bought substantial unit of fbnh @ 3.05 and sold all but 1 unit at 6.15...... In that same period it once ran to #12..............,...........the same fantastic profit I dream of......See Fbnh dey do tanga ontop the .30k patapata div they will give this year If Uba don't increase their final div this year to .90k they will never cross #9 |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 12:20pm On Jan 21, 2020 |
The massive jump has occurred (Maybe not massive enough...lol)! History always repeats itself! Bomboclad: |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:23pm On Jan 21, 2020 |
maishai:FBNH will give up to/more than 50kobo this year. Their NPL has fallen so expect the CBN dividend rule to be fair to FBNH shareholders this year. |
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