4TH QUARTER ENDED 31-06-2009 FORECAST
BANK PHB PERIOD ENDING JUNE 30TH 2009 FOURTH QUARTER FORECAST.

PROFIT AND LOSS ACCOUNTS INFORMATION

GROSS EARNINGS N124.773b

PBT N30.043b

FORECAST TAXATION (N6.609b)

PROFIT AFTER TAXATION N23.433b
Price Trend Report:5 Moving Average: Current price is above 5-period moving average: 7.45

21 Moving Average: Current price is above 21-period moving average: 7.39

LSQ Analysis: Current price is -70% below its price trend.

Bollinger Band Analysis: Price Volatility: As usual; Price Trend: Not in trend (probably is in sideway or reversing);

Hurst Trend Analysis: Hurst Exponent: 1.0000, current trend will continue



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Technical Indicators Report: Value Tips

RSI 52.2

MACD 0.1

MTM 0.1

ADX 45.7

CCI 5.1

DMI 9.8; 31.2

K%D 82.7; 67.9 Market is in up trend.

NVI 80.0 Up trend is likly to continue.

OBV 1423597.7

PVI 137.0



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TRW Stock Forecaster:Prediction for Next Three Prices: 7.81, 8.65, 7.62

Deviation*: 0.05

Price Direction(short term): Price will go up.