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  #461 (permalink)  
Old 4th August 2011, 03:30 PM
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Default Re: FirstInlandBank

Unusual volume on this stock today. Somebody knows something the market does not.
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  #462 (permalink)  
Old 23rd August 2011, 10:37 AM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Waves View Post
Unusual volume on this stock today. Somebody knows something the market does not.
Somebody bought 60 million units on Friday and this morning already 50 million units have been bought. Hope other SMN members are also noticing.
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  #463 (permalink)  
Old 23rd August 2011, 10:57 AM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Waves View Post
Somebody bought 60 million units on Friday and this morning already 50 million units have been bought. Hope other SMN members are also noticing.
that was the only sls bank i put the money i could afford to loss to experiment what would happen after all the controversy ends
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  #464 (permalink)  
Old 23rd August 2011, 11:01 AM
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Default Re: FirstInlandBank

At what price were the deals made (20k/share 0r 15k/share)?
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  #465 (permalink)  
Old 23rd August 2011, 11:14 AM
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Default Re: FirstInlandBank

Quote:
Originally Posted by goldsun View Post
that was the only sls bank i put the money i could afford to loss to experiment what would happen after all the controversy ends
'Putting money I can afford to lose' is one of those cliches I don't believe in. May be because I don't gamble or do lottery, I have never been able to understand why people believe in this.

My philosophy is based on two things. I do a lot of work before deciding to buy a stock. When I am convinced about my decision, I take a substantial position in the security. My first approach is based on Graham and Fisher's approach while the second is based on Buffet 'Concentration not diversification' style and Soro's famous remark 'And you call that a position?'.

I have never had money I can afford to lose.
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  #466 (permalink)  
Old 23rd August 2011, 12:05 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by goldsun View Post
that was the only sls bank i put the money i could afford to loss to experiment what would happen after all the controversy ends
Which did you buy? The 60Million units on Friday or the 50Million units this morning??
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  #467 (permalink)  
Old 23rd August 2011, 12:25 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Waves View Post
Somebody bought 60 million units on Friday and this morning already 50 million units have been bought. Hope other SMN members are also noticing.
It could also be a cross transfer from on account to another of the same owner(s) to forstall any merger split reconciliation mess on the stock.
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  #468 (permalink)  
Old 23rd August 2011, 01:40 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by faithgonuel View Post
Which did you buy? The 60Million units on Friday or the 50Million units this morning??
where does the poor student see that kind of money
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  #469 (permalink)  
Old 23rd August 2011, 02:28 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by goldsun View Post
where does the poor student see that kind of money
Hmm... I will refer you to two places.
  1. Zechariah 4:10
  2. Present value - Wikipedia, the free encyclopedia

While your mates are busy reading Pediatrics with no spare time to do anything, you have decided to take time out of no time to learn how to invest. While your mates are buying new iPads and Galaxy tabs, you are using your small change to buy stocks losing money here and making it there while garnering experience. In five years, your mates will be doctors in General hospitals and you will be a step closer to Oga MoneyDee. I am sure Oga MoneyDee has wished several times he knew half of the things you now know when he was in med school.

By the way, in case point 2 above (present value) does not make sense, let me break it down. I'd rather invest in a stock worth N5 with potentials to grow at 100% per annum for the next 10 years than buy a stock worth N100 that will grow at 5% for the next 10 years. In case it is still confusing a N5 stock is like a "penniless" medical student but with a well honed money making skills while a N100 stock is a rich medical student with an iPad and a 2011 Honda Accord, with zero money making skills.
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  #470 (permalink)  
Old 23rd August 2011, 03:35 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by goldsun View Post
where does the poor student see that kind of money

I feel ur plight bro...Cos am in more of it...
Its a greater LOSS when u dont buy in BEARS but its funny why one does not have d fund during bears but has enormous during an average maket...
Worst is dat my days of..
School fees are over..
Rent fees are over...
HO&txtbks are over...

Na only My MEAGRE allowance i dey rely onnn...anyway thanks for d FASTIND PERIOD.....
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  #471 (permalink)  
Old 23rd August 2011, 03:38 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Waves View Post
'Putting money I can afford to lose' is one of those cliches I don't believe in. May be because I don't gamble or do lottery, I have never been able to understand why people believe in this.

My philosophy is based on two things. I do a lot of work before deciding to buy a stock. When I am convinced about my decision, I take a substantial position in the security. My first approach is based on Graham and Fisher's approach while the second is based on Buffet 'Concentration not diversification' style and Soro's famous remark 'And you call that a position?'.

I have never had money I can afford to lose.
Sir Waves, your perspective of "money you can afford to lose" is commendable and it shows you are an Investor rather than a speculator.
However the term "money that you can afford to lose" could also be synonymous to the risk you are willing to take. Someone on this forum has tried to define the term risk. Even an Investor runs the risk of losing his entire investment because his judgment/conviction might not be right at all times(that is the learning curve in every area of life, not only in stocks).

From experience , i'll advise any student or newbie (which i know Sir goldsun is not) in stock markets to never speculate or enter any stock using money they need for their immediate needs. As a matter of fact, in any area of life, don't dabble into anything that you do not have a good understanding in.(this piece of advice had been given by several senior members, including Sir Waves, on this forum)
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  #472 (permalink)  
Old 23rd August 2011, 03:42 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Waves View Post
'Putting money I can afford to lose' is one of those cliches I don't believe in. May be because I don't gamble or do lottery, I have never been able to understand why people believe in this.

My philosophy is based on two things. I do a lot of work before deciding to buy a stock. When I am convinced about my decision, I take a substantial position in the security. My first approach is based on Graham and Fisher's approach while the second is based on Buffet 'Concentration not diversification' style and Soro's famous remark 'And you call that a position?'.

I have never had money I can afford to lose.
Lose money?! Perish that thought! Then, bury i...36 feet deep!! Then, burn the shovel you used to bury it with 2,000 degrees centigrade heat!!! Then, lay landmines around the burial zone for anyone with second ideas!!!!

(Sorry for the vehemence: i don't know how to pretend that i can ever enjoy losing money.)
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  #473 (permalink)  
Old 24th August 2011, 11:57 AM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Babs_O View Post
It could also be a cross transfer from on account to another of the same owner(s) to forstall any merger split reconciliation mess on the stock.
Agreed. Look at the number of transactions.
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  #474 (permalink)  
Old 24th August 2011, 01:06 PM
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Default Re: FirstInlandBank

Surely it's arranged sale/crossing; but no matter the accounts involved, reconciliation hammer must hit them.
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  #475 (permalink)  
Old 15th September 2011, 10:33 AM
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Default Re: FirstInlandBank

Please has anyone seen the scheme of merger between Finbank and FCMB? Alternatively, has anyone heard anything about the exchange ratio.

This transaction is the most closely guarded of all the mergers. I wonder why?
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  #476 (permalink)  
Old 15th September 2011, 03:24 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Waves View Post
Please has anyone seen the scheme of merger between Finbank and FCMB? Alternatively, has anyone heard anything about the exchange ratio.

This transaction is the most closely guarded of all the mergers. I wonder why?
But I still struggle to know what value FCMB has really seen in FINBANK. Just wondering loud!
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  #477 (permalink)  
Old 27th October 2011, 01:28 PM
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Default Re: FirstInlandBank

Another Plea bargain and this chap keeps most probably 50% of the looted N16B...

Many of us have lost money here and notin for us...NAIJA!!!!

The Nation - FinBank director enters plea bargain with EFCC
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  #478 (permalink)  
Old 27th October 2011, 02:57 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by cashrules View Post
Another Plea bargain and this chap keeps most probably 50% of the looted N16B...

Many of us have lost money here and notin for us...NAIJA!!!!

The Nation - FinBank director enters plea bargain with EFCC

This is a further vindication of Sanusi Lamido Sanusi. He does not claim to be perfect in all his does, but has always challenged his detractors to come up with evidence of criminal intentions in his actions as CEO of FBN or any other capacity where he had served. So far, nobody is able to do that. When he started his one-man riot against the corrupt elite (including the parliamentarians), some people attributed what he did to 'Northern/Islamic Agenda' instead of facing the reality of the mess we are in, as a country.

If FBN sold stocks @ N33.00/share,under SLS, it is not a crime. What constitutes a crime is the willful misapplication of the funds so raised or telling lies when things go wrong no matter how well-intentioned such actions might have been.

We must have in mind that in capitalism, if your business goes up or down, your investments in such business goes in same direction. No sentiments!

Sanusi Lamido Sanusi, in his early days as the CBN governor, said he was not going to be the 'traditional CBN governor'. I can as well extend it to the traditional Nigerian Public Official. What, I believe, he meant by this is that most public officials are compromised in discharging their lawful duties but he was not going to toe that line.

Today, how much has this young man helped Nigerians recover from people that were perceived to be untouchable?

Remember he was in Washington when Mrs Ibru was jailed and he said he was sure that all the Ex-banking officials facing trial would be jailed if the Judiciary should be fair/just on their own side. Now, it's another 'plea bargain'.

I will advise shareholders to refrain from calling this messiah names and pray for more people like him to emerge in public offices if Nigeria must grow.

In other parts of the world, when banks/businesses fail they are allowed to go down with their owners/shareholders; that way, people are more careful/cautious in the use of other people's money. Find out how many bankruptcies just from the failure of the Savings and Loans institutions to date in U.S banking. Both depositors' and shareholders' monies were wiped out. But SLS is saying that, from our own experience, the bad guys must have to vomit their loot. There is nothing bad about that, unless one is one of the criminals.

In fact, the reason for Japan being stuck in the rut is attributed to its inability to tackle the financial criss it faced in the late '90s.

Sanusi Lamido Sanusi, CBN governor, is the man of the decade!
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  #479 (permalink)  
Old 27th October 2011, 03:07 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by solo66 View Post
This is a further vindication of Sanusi Lamido Sanusi. He does not claim to be perfect in all his does, but has always challenged his detractors to come up with evidence of criminal intentions in his actions as CEO of FBN or any other capacity where he had served. So far, nobody is able to do that. When he started his one-man riot against the corrupt elite (including the parliamentarians), some people attributed what he did to 'Northern/Islamic Agenda' instead of facing the reality of the mess we are in, as a country.

If FBN sold stocks @ N33.00/share,under SLS, it is not a crime. What constitutes a crime is the willful misapplication of the funds so raised or telling lies when things go wrong no matter how well-intentioned such actions might have been.

We must have in mind that in capitalism, if your business goes up or down, your investments in such business goes in same direction. No sentiments!

Sanusi Lamido Sanusi, in his early days as the CBN governor, said he was not going to be the 'traditional CBN governor'. I can as well extend it to the traditional Nigerian Public Official. What, I believe, he meant by this is that most public officials are compromised in discharging their lawful duties but he was not going to toe that line.

Today, how much has this young man helped Nigerians recover from people that were perceived to be untouchable?

Remember he was in Washington when Mrs Ibru was jailed and he said he was sure that all the Ex-banking officials facing trial would be jailed if the Judiciary should be fair/just on their own side. Now, it's another 'plea bargain'.

I will advise shareholders to refrain from calling this messiah names and pray for more people like him to emerge in public offices if Nigeria must grow.

In other parts of the world, when banks/businesses fail they are allowed to go down with their owners/shareholders; that way, people are more careful/cautious in the use of other people's money. Find out how many bankruptcies just from the failure of the Savings and Loans institutions to date in U.S banking. Both depositors' and shareholders' monies were wiped out. But SLS is saying that, from our own experience, the bad guys must have to vomit their loot. There is nothing bad about that, unless one is one of the criminals.

In fact, the reason for Japan being stuck in the rut is attributed to its inability to tackle the financial criss it faced in the late '90s.

Sanusi Lamido Sanusi, CBN governor, is the man of the decade!
Hmmm...what a solo comment! We go know him offence beta after he comot frm cbn.
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  #480 (permalink)  
Old 27th October 2011, 03:47 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by baotoghile View Post
Hmmm...what a solo comment! We go know him offence beta after he comot frm cbn.
He challenged everyone to unearth his ugly past. It is not only about the CBN!
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