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Nairaland Forum / Nairaland / General / Investment / Stock Market Tips For Nigerians (817268 Views)
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Re: Stock Market Tips For Nigerians by pumping777(m): 2:51pm On Mar 07, 2008 |
mecatchcha: You just need to change your strategy. I don't have an agbero broker but I get by. Since you know the level of your broker, don't send mandates to buy stocks that are on net bid gaining 5% daily or to sell stocks that are on net offer losing 5% daily. Try to buy or sell before the herd action starts otherwise you keep getting your stocks when there is a price reversal. Otherwise, forget CICO and go medium term so you don't need to focus on stocks that just make 5% gains on a daily basis for long periods. These are hard to get once the action has started if you don't have an agbero broker. |
Re: Stock Market Tips For Nigerians by beginner: 2:59pm On Mar 07, 2008 |
Pumping please reply Oceanic or uba or first bank or any combination of the two. Thanks |
Re: Stock Market Tips For Nigerians by pumping777(m): 3:02pm On Mar 07, 2008 |
beginner: For how long do you plan to hold the investment? |
Re: Stock Market Tips For Nigerians by loma(m): 3:03pm On Mar 07, 2008 |
Someone should send a letter to the dailies about CashCraft! Thank God I was crafty enough not to allow my cash to be trapped by their Witch |
Re: Stock Market Tips For Nigerians by pumping777(m): 3:07pm On Mar 07, 2008 |
bigjay01: If you look closely you will find that Livestock has been reporting exceptional items as profit so I don't see a +ve turn around yet. They also proceeded to dilute the ownership by doing a PP after the rights issue!!! Forward PE is around 230! --------- A total of 630,519,000 shares were added to the shares outstanding in the name of Livestock Feeds Plc on Thursday, November 22, 2007 following the Placing with three Investors. -------- Sure you can keep this stock short term but anything more than that is more than risky. |
Re: Stock Market Tips For Nigerians by SavvyLanre: 3:11pm On Mar 07, 2008 |
loma: That one is second phase - i need at least about 50-100 entries on the link below [url=https://www.nairaland.com/nigeria/topic-118241.0.html#msg2032949[/center]][center]https://www.nairaland.com/nigeria/topic-118241.0.html#msg2032949[/center][/url] For this one i mean business, |
Re: Stock Market Tips For Nigerians by Napolean: 3:12pm On Mar 07, 2008 |
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Re: Stock Market Tips For Nigerians by beginner: 3:19pm On Mar 07, 2008 |
Pumping I intend to hold for one year. |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 3:25pm On Mar 07, 2008 |
beginner: if you plan to hold one year - I will personally pick the 3. Honestly the 3 stocks are good for 1 year holding, but one cannot really say how they will perform. Whichever way I would definitely have Oceanic in there. If historic trends should be used to judge I will not pick UBA. Returns in the last 1 year has not been anything to write home about. If you are looking at current prices - I will pick Oceanic and UBA - because I think they have bottomed out and even if bears come to town there cant be serious depression any further. For First Bank - if the bears come to town , between now and 07 FYE results it may experience a slight depression, that may be the time to pounce. However I can assure you that the market will react positively to its FYE, this is a normal trend. So if it dosent depress betwen now and end of march - you better get in for the FYE ride. |
Re: Stock Market Tips For Nigerians by bigjay01(m): 3:26pm On Mar 07, 2008 |
pumping777: wasnt it in the report for YE 31/03/03 that they reported exceptional items from the sale of some their assets? |
Re: Stock Market Tips For Nigerians by RoughCut(m): 3:28pm On Mar 07, 2008 |
Napolean: Elder Napoleon I throway homage o!Make i rise or remain for dobale position? Myself and your first-born we dey the same age-range. Na wa o |
Re: Stock Market Tips For Nigerians by pumping777(m): 3:29pm On Mar 07, 2008 |
beginner: beginner: If I have to choose only 1, I will go for UBA. The possibility of bonus is much higher and the stock is really under-priced. The bonus potential is one reason for which I will pick UBA. If I have to choose 2, I will go for UBA and FBN. The earnings potential of FBN is great and end of year goodies should be juicy. It many not include bonus but significant PAT with generous dividends should do the trick. Ok, why did I not choose Oceanic? It's good value alright but you asked for only two. Personally I think you can also put this in the mix. The lower nominal price will be an advantage. Caveat & Emptor joined together. |
Re: Stock Market Tips For Nigerians by easimoni(m): 3:30pm On Mar 07, 2008 |
yodiyokun: All the more reason why a surge is imminent (contrarian investing). My 'folio is joined at the hip to UBA so I gats to be bullish. |
Re: Stock Market Tips For Nigerians by SavvyLanre: 3:32pm On Mar 07, 2008 |
Elder Napoleon - somewhat true, in terms of dealing with some of the brokers with small client base. But, at the same time - nothing stops cashcraft with a large client base not to be very effective. Look at the number of stockbrokers in the west with large client base - i am sure probably 1million times over cashcraft. Moreover, compare with the likes of vetiva, afrinvest growing their client base everyday - some form of professionalism is needed - and cashcraft completely lacks that service. BTW - confirmed, you be my Daddy be that o, as your first born landed in 71, i must have been your third born ;-) |
Re: Stock Market Tips For Nigerians by upward(m): 3:33pm On Mar 07, 2008 |
Napolean: Oga Napoleaon, the bolded one still has 4th December 2007 as their "Today on the floor of the exchange" |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 3:35pm On Mar 07, 2008 |
So you guys are bullish on UBA- ok no shaking I always respect my elders. My portfolio is not joined at the hip to UBA, but I get hand for UBA and FBN and na cheap price I get them and no selling. Retirement planning. @beginner , I forgot about the increase in authorised capitak for UBA dnes early this year so Pumping is right about the possibility of a bonus. Really I don talk am say from 2nd Quarter upwards will be the Banks time to shine and anyone with a long term horizon better get in on the fundamentally sound ones as soon as they finish bullish CICO so they are not left out of the party. Aktopgun -- wetin dey do Diamond what does the candle say ooo |
Re: Stock Market Tips For Nigerians by orisebawo(m): 3:39pm On Mar 07, 2008 |
Napolean: |
Re: Stock Market Tips For Nigerians by orisebawo(m): 3:39pm On Mar 07, 2008 |
Elder Napolean, Please,Is the late lunch discussion at trader vicks tomorrow open to the public or strictly by invitation. |
Re: Stock Market Tips For Nigerians by pumping777(m): 3:41pm On Mar 07, 2008 |
bigjay01: You correct about that but a PAT of N26M for Q-2 does not cut it yet. Let's wait for FY 2007. Exceptional items may not be reported till that time. |
Re: Stock Market Tips For Nigerians by bigjay01(m): 3:41pm On Mar 07, 2008 |
yodiyokun: no mind that Diamond, e don de behave like "iron" |
Re: Stock Market Tips For Nigerians by RoughCut(m): 3:43pm On Mar 07, 2008 |
Napolean: I don check their website and the board and management. As i dey see them so dey no look say dey go fit 'hustle' and do 'agbero'. They look very gentle and very kool. I think they are more suited to peeps wey go just buy millions of shares and just leave the thing with them jeje. I no sure say they get time for CICO/RO-RO stocks If i get the millions i need to 'attack' the PP's wey dey come this year i fit look their side. For now na the 'agbero' and 'CICO' queue i dey. no paddy for jungle na |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 3:43pm On Mar 07, 2008 |
upward: @Upward from that post you should have seen that Daddy Napolean is a baby boomer and not the jet age. What concerns him with updating website - at his level na to dey call the MD of the brokerage house to give his orders and them go dey answer yes sir. @Daddy napolean, Na im be say, If I see you face to face na to dey kneel down to greet na!!! since I myself fit qualify to be your third born. This internet sha - e don remove respect patapata, but I still remember my manners. My knees are on the floor ooo . Once again, thanks for deciding to share with us small children out of your apparent busy schedule. Not everyone is that open to share with the generation below. |
Re: Stock Market Tips For Nigerians by pumping777(m): 3:46pm On Mar 07, 2008 |
bigjay01: I don give warning say GDR conversion go worry the stock for now. Many of us that bought via GDR in December for N16.50 already have CSCS credited. People go sell na. |
Re: Stock Market Tips For Nigerians by beginner: 3:48pm On Mar 07, 2008 |
Pumping Thank you so much |
Re: Stock Market Tips For Nigerians by aktopgun(m): 3:49pm On Mar 07, 2008 |
Napolean: elder Napoleon. as usual, full of insights. could u expantiate more on the brokers u identified as possible candidates for nairalanders to look at? ie what is their opening balance for example and how long they take to execute orders. would u classify them as ajebo brokers or are they of the agbero ilk? @yodi if u can girl get more of UBA and FBN. oceanic can't hold a candle to them. it would come in a distant 3rd or 4th or even 5th on my list personally. disclosure: i own all 3 shares |
Re: Stock Market Tips For Nigerians by RoughCut(m): 3:51pm On Mar 07, 2008 |
yodiyokun: My sister you don talk the 'koko' Infact some other people wey dey Daddy Napoleon as i qualify to be your first-born na position go dey think say them do us favour by sharing with us on an internet blog We appreciate your elderly input on this forum Daddy Napoleoni just dey rise from my idobale position |
Re: Stock Market Tips For Nigerians by aktopgun(m): 3:53pm On Mar 07, 2008 |
yodiyokun: u no dey lie at all. its good to see isnt it. elder napoleon, if i turn out like u have, i wouldnt have done badly at all money and investing wise that is |
Re: Stock Market Tips For Nigerians by RoughCut(m): 4:00pm On Mar 07, 2008 |
yodiyokun: I feel you on this one my sis all the premier league banks dey my long-term portfolio and some of them don dey inside since '04 NO SELLING. RETIREMENT PLANNING and HARVARD school fees for PIKIN when time don reach. Thank God i no go ever reach stage wey i go dey carry school fees go do CICO. God forbid bad thing chei! |
Re: Stock Market Tips For Nigerians by mecatchcha: 4:07pm On Mar 07, 2008 |
@Pumping, Thanks for your input. My brother be say I get some money for my masters wey I wan complete through CICO before September. That's why I can't do long term, na september be my bus stop. How do I know when best to enter stocks for CICO (Maybe 20% - 25%) even if for three weeks periods. |
Re: Stock Market Tips For Nigerians by grabdaloot(m): 4:10pm On Mar 07, 2008 |
Daddy Napolean, I no qualify to be your 2nd born sef. By the time wey you get your first pikin I no sur say my mama don meet my papa. This web/internet sef. Anyway I throw way my own greeting and maximum respect. Just the thought that you could be older than my Dad makes me shudder and my Papa don work retire since. BTW Latest information on The AlphaBets Company (for those that were in on the discussion last week) I had earlier said that the board would sit this week that we are in and the last gist emanating from there is that there will be a bonus issue this year. Secondly Fidelity Bank is set on increasing their stake and have since started doing that so expect to see increasing volumes on a daily basis. Lastly the PO issue was still left undecided till the next meeting before the AGM but it is more likely that it will happen. As with all quotes these days here I have to empty the cavity. |
Re: Stock Market Tips For Nigerians by aktopgun(m): 4:16pm On Mar 07, 2008 |
grabdaloot: are u referring to ABC by any chance? |
Re: Stock Market Tips For Nigerians by RoughCut(m): 4:19pm On Mar 07, 2008 |
aktopgun: Fidelity and ABC Transport are conjoined abi no be so una dey talk am in medical parlance? |
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