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  #1 (permalink)  
Old 27th April 2007, 06:49 PM
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Default FirstInlandBank

I have interest in the shares of this bank. Please can any one explain to me why the shares of 1stInland Bank is climbing so fast? Is it advisable for one to buy at this time? A response would be appreciated.

Last edited by chinos; 29th May 2007 at 06:33 PM.
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Old 3rd May 2007, 08:48 PM
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Ckenneths, I need an answer from you please.
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  #3 (permalink)  
Old 3rd May 2007, 11:51 PM
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I read recently either in the Moneywise or Stockwatch magazine that short term traders are taking position in anticipation of the bank's audited report which ought to have been released in March and is expected any time now.
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Old 4th May 2007, 05:51 AM
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I write to confirm Akinyemi's statement. I got the hint from my broker in Nigeria and many other friends to buy First Inland Bank Shares because of the audited report which is expected to be positive. I was advised the investment should be a short term one. I bought some shares at less than N6 a few weeks ago.
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Old 4th May 2007, 06:36 AM
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Akinyemi and Geeman are both correct,fundamental analysis favors first inland bank for the short term. I have been recomending the stock for friends since two weeks ago, bought a few thousands myself.
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Old 16th May 2007, 12:15 AM
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Quote:
Originally Posted by c kenneths View Post
Akinyemi and Geeman are both correct,fundamental analysis favors first inland bank for the short term. I have been recomending the stock for friends since two weeks ago, bought a few thousands myself.
c.kenneth
please kindly make it a point of duty to advise us when you are about to offload so that we consider selling off too.
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Old 16th May 2007, 01:31 PM
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Friends, I ll try.
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Old 27th May 2007, 07:20 PM
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Unhappy First Inland Bank

It is clear that the investors who bought into the shares of FIB are infact having a field day. But how long this may last is only known to, but a few.

THE SHARE PRICE HAS CONSISTENTLY BEEN ON THE BULLISH.(except for the minor downtime recorded as a result of the first batch of profit takers)

Except for any major news event, I expect a minor depression when the price hits =N=9.00
But the price will definitely overcome this minor drop,and would accelerate to pick at =N=11.50 and then followed by a MAJOR CRASH!

The above opinion is my predition.

Last edited by chinos; 28th May 2007 at 10:33 AM.
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  #9 (permalink)  
Old 28th May 2007, 03:32 PM
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Default hi

Well, i must say that your prediction is your opinion.

I believe, the expected result will go along way to determine investor interest on the shares.

Just like fidelity bank now, do u expect a major price crash? the thing is market trends are times are not as we predict.
i can give you several example of expected price crash and they keep going up.
ashaka cement, japaul oil and c$i leasing and several other companies that lot of people predicted that they will crash at a point, but still go up, so it depends on what you are looking at, minor depression is normal due to people cashing in on profit, but if company performance is encouraging, then you expect that it will bounce back.

Howevr, am a shareholder in 1st inland too and will follow the report closely to make decision..

thanks
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  #10 (permalink)  
Old 28th May 2007, 06:39 PM
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i will have to disagree with chinos and gowith what Olusolakemmy says.

chinos give us facts of why you concluded as you did. FIB for me has been rising yes, but why? i have a mind to divest from the comapany...i just havent made up my mind when!
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  #11 (permalink)  
Old 29th May 2007, 06:45 PM
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Dotunk, you may wait a bit for the result.
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  #12 (permalink)  
Old 1st June 2007, 12:20 AM
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Quote:
Originally Posted by babatunde akinyemi View Post
c.kenneth
please kindly make it a point of duty to advise us when you are about to offload so that we consider selling off too.
Quote:
Originally Posted by c kenneths View Post
Friends, I ll try.
c Kenneths

The price of First Inland Bank has started dropping. It was our consensus that the stock's fundamental do not recommend it for long term so we bought a few for short time. Is it time to offload? I think the price is going down because Diamond, with which First inland was rumored to be discussing merger, is now available. You promised to let's know when you are about to offload.

@ chinos and dotuks
are you about to offload? I think the stock is going no where again. It last paid dividend in 1999.
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  #13 (permalink)  
Old 1st June 2007, 04:01 PM
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First inland gained .41k today and the bid seems strong for one or two more days gain. I am looking at monday, if the bid ebbs a bit then i will sell teusday morning, on the other hand if it remains strong, we better find out the new info driving up the price.
I am yet to see todays performance of Diamond bank, I yet cannot certify if its now available or not.
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Old 1st June 2007, 10:21 PM
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Smile

You are right. We should wait and see. It's good to be on ones toes. if I get any info accounting for the bids I will post immediately. Do inform us of what you do. We are following you, the guru, on this one.
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Old 1st June 2007, 11:44 PM
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Quote:
Originally Posted by babatunde akinyemi View Post
c Kenneths

The price of First Inland Bank has started dropping. It was our consensus that the stock's fundamental do not recommend it for long term so we bought a few for short time. Is it time to offload? I think the price is going down because Diamond, with which First inland was rumored to be discussing merger, is now available. You promised to let's know when you are about to offload.

@ chinos and dotuks
are you about to offload? I think the stock is going no where again. It last paid dividend in 1999.
ckenneths,
I recommend offloading 50% of one's holding when the stock crosses the =N=10.00 mark. Analysis and market sentiments suggest that the price will eventually hit =N=11.50+.
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Old 2nd June 2007, 03:44 PM
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i agree to off load at that price - N10. but its just N8+ now, will it get there? we have to wait and see.
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Old 3rd June 2007, 09:58 AM
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Quote:
Originally Posted by babatunde akinyemi View Post
You are right. We should wait and see. It's good to be on ones toes. if I get any info accounting for the bids I will post immediately. Do inform us of what you do. We are following you, the guru, on this one.
Guru ? not yet, all the same N10 seems a ggd price, and Dotunk, i think it will get to that price.
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Old 5th June 2007, 11:41 PM
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Quote:
Originally Posted by chinos View Post

Except for any major news event, I expect a minor depression when the price hits =N=9.00
But the price will definitely overcome this minor drop,and would accelerate to pick at =N=11.50 and then followed by a MAJOR CRASH!

The above opinion is my predition.
I attached this quotation of mine to refresh your memories, all yee that bought first inland bank shares.
Yesterday the price of FIB crossed the =N=9.00 mark closing at =N=9.14.
Today the price has suffered a minor depression closing at =N=8.69.
My fellow investors lets 'trade ' carefully while the drammer unfolds.
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Old 6th June 2007, 12:10 AM
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CHINOS,
So far your prediction appears spot on. Looking into your crystal ball, do you still think that your prediction for a price recovery and a possible acceleration to N11.50 will hold true? I bought some FIB stocks at N5.75 for the short term.
My target is to get out when it crosses N10.00.
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Old 6th June 2007, 08:03 AM
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Default minor depression is normal

minor depression is normal for every stock, first inland will not be an exception, even dangote sugar experience major depresion.

But the question is, does the comapny still have the capacity to regain and sustain growth, is there a strong foundamental for the company, for me any well manage bank post consolidation will do well.

For me, i came in late to firstinland at about N7.55 and i have to wait for the anticipated result before selling.
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