Dialectic Africa Analyst

Dear Retail Investors:                                                            As the  buying frenzy continues , be wary of where you are investing your money.   Most  stocks are rising on  momentum and vested interests manipulating the share price upward   and not because of improved financial performances and near-term expectations.   The banking industry takes the brunt of bulls and bears so, I will focus on this industry.  I will mention (briefly) three banks to be wary of when the tide turns and stocks start heading south as investors panic and seek for the exits while trying to hold on to their unrealized gains.   1.  FCMB:  The bank's nine-month (September 2017) result is not on the Nigerian Stock Exchange's corporate disclosures page.  Not surprising given the below... Pre-tax income  declined by 52%  year-on-year and Gross Earnings  declined by 16%  year-on-year.  To put this result further into perspective:  Pre-tax income was  7.57 Billion nai

Dear Readers:                            On  May 4, 2016,  I sent an email with a link to the current featured article on this blog.  I said that  FBN Holdings (First Bank)  will return at least 200% in  two years (twenty-four months) or less  from that date.  My call has come to fruition.   The article can be found as the  featured post (left side)  on my blog for reference and verification purposes.  Featured post  can only be viewed  using a desktop, tablet or laptop and not on mobile/cell phones.   On May 4, 2016, the price of FBN Holdings was  N3.50;  the price of FBN Holdings on January, 10, 2018 is  N10.63.   This is a  204% return.    My call was achieved in  twenty (20)  months.   I   will offer another one now without delving into the pitch details: Diamond Bank will return 200% return within the next 15 months or less.  Reference price date is January 8, 2018.   Do not miss this one...   Tell others to tell others.