Temmie10:

@WindyWendy
I like what you have done considering the forecasts are really too good to be true, making a conservative projection based on established previous performance.
PAT for 2006 is 52.179m (page 18 of prospectus) so i would expect a PAT of higher than 42.6m in 2007.
I tried something similar by using PAT growth rate of 25% in 07, 30% in 08, 20% in 09.
This gives a pe of 24 in 2009 BUT even this is assuming the company meets 20% of its proposed target which is very conservative.

It all boils down to the company's prospects and difficulty of analyzing a growth stock as opposed to value stocks. In any case, i think union diagnostic is a touch and go investment. Its one of those that COULD. I wouldn't think to invest a lot but if the company goes anywhere near its forecast, we'll be smiling all the way. The fact that they are listing very soon also helps.

@diva4eva, i think u need to take the form to cashcraft
@goldenson, its possible

jehosaphat:

@ Temmie 10
I read somewhere that Zenith was planning a PO. Is that true? Have u heard anything from the grapevine?
For all this help when u dey help us, God go butter your bread, add Jam sef! If you like mayonnaise e go add am put!

Rob-roy:

It seems like Dangote Flour is too high and might not perform so well after all the hype has fizzled out. So instead of N 15 per Dangote share, possible buying N200k max, how about taking a big risk and sink into Union Diagnostic at approx N2. For about the same N 200k thats a whole lot more of shares that might rise to N8. Does this seem wise to anyone? Is it too risky a move?
Gurus over to una

egoldman:

Mr Frank how you dey ? long time old pal

easimoni:

I read that Zenith has registered an additional 5B shares. It seems the plan is to raise N250B by selling 5B shares at N50 ea. Watch for Zenith's price to climb towards N60 so they can sell to us at a "discount". It'll probably happen around year-end.

Temmie10:

@Shigidi
About the stockbroking capitalisation.
Even in a case where your brokers do not meet the capitalisation, you money is not going to be locked-in or anything.
To be safe tho, you might want to consider having an account elsewhere and gradually migrate your holdings.
Migrating everything immediately can have undesired effects.
as always ur opinion and ur help is greatly appreciated, but what undesired effects are u talking about.
and u didnt answer the question bout if certificates are also issued in pps or if it goes staright to ur CSCS

Temmie10:

@Shigidi
About the stockbroking capitalisation.
Even in a case where your brokers do not meet the capitalisation, you money is not going to be locked-in or anything.
To be safe tho, you might want to consider having an account elsewhere and gradually migrate your holdings.
Migrating everything immediately can have undesired effects.
There is possibility of preferential allotment in pp, but most pp's are nowhere near full subscription.

Temmie10:

@Jehosaphat
Actually, when i went through dangote prospectus, it made me realied how cheap Flour Mills was in comparison , Funny huh?

yodiyokun:

Temmie,

But Flour mills does not have the same sentiments attached to dangote flour mills.

The current market price of flour mill does not help matters- the possiblity of dangote appreciating 25 % is higher than Flour mills.

That is my own view? However, you can expand further on your reasons.

Temmie10:

@ALL

I just saw today's closing prices, and insurance is on an amazing run

yodiyokun:

Yeepa,

I was hoping to get in on insurance this month but it seems I am too late. I am not ready to buy in the middle of a bullish run that may not last. Please join me in praying for the bears.