Stock Market Tips For Nigerians

Maybe in like 4  to 6 months

@frankiri
And woe betide you if you don't find out early enough.
@all
Have you heard anything about skye bank real estate fund?

@All

STOCKS INFO:
 First Bank (100 billion) hybrid offer is currently in the market to raise funds through an equity public offering.

 • The Federal Mortgage Bank of Nigeria is working out modalities to raise a N100 billion mortgage-backed bond securitization programme from the capital market. The funds will facilitate the operations of secondary mortgage transactions in the capital market by refinancing the mortgage loan originators while facilitating the purchase of houses in Abuja. The mortgage-backed security will be in tranches. It is yet to be determined whether it will be a pass-through (more likely) or a collaterized mortgage obligation (CMO) in which a credible credit rating system will have to be in play so that the loans can be placed in tranches based on credit quality.

 • About N100 billion was raised in the primary market segment of the capital market in the first quarter of 2007 up from N72.17 billion in the same period in 2006. This is largely attributable to insurance firms’ recapitalization, foreign hedge funds financial investments, corporate expansions and foreign direct investment.

 • Eterna Oil is soon to embark on a rights issue: 150 million ordinary shares at N9.95 per share which translates to receipts of N1.4 billion if the rights are fully taken up.

 • Diamond Bank, Access Bank, Fidelity Bank, GT Bank, Obajana Cement, Dangote Flour, NAHCO, CCNN, Design Union Developing Limited (a key player in the real estate sector)) and Costain West Africa Plc are expected to come to the market through initial public offers or public offers.

 • The 4th FGN Bond Series 5 was issued on May 25th, 2007 at a coupon rate of 9.23% with a five-year tenor. The bond was 110% oversubscribed. The amount on issue was N50 billion and the amount put forward was N105 billion. Excess liquidity rears its ugly head again and the coupon rate is nothing to write home about.

 • A total of 450,000,000 shares were added to the shares outstanding of Nigeria Aviation Handling Co. Plc following the stock split of 3 new shares for every 2 originally held.

 • A total of 2,568,898 shares were added to the shares outstanding of Ecobank Transnational Incorporated being ETI Staff Scheme Shares.

 • A total of 122,200,710 shares were added to the shares outstanding of Ecobank Transnational Incorporated following the stock split of 1 new share for every 10 originally held.

 • A total of 158,986,549 shares were added to the shares outstanding of The Okomu Oil Palm Plc following the stock split of 1 new share for every 2 originally held.

 • A total of 2,340,789,994 shares were added to the shares outstanding of Crusader Insurance Plc following the conclusion of the public offer of 1,553,216,304 shares and rights offering of 787,573,690 shares.

 • A total of 2,000,000,000 shares were added to the shares outstanding in the name of Guaranty Trust Bank Plc following the stock split of 1 new share for every 4 originally held.

 • A total of 10,372,744,316 shares of Continental Reinsurance have been listed on the floor of The Nigerian Stock Exchange at N1.26 per share.

 • The Bank of Industry and International Energy Insurance (IEI) are currently doing a private placement.

 

I salute everyone who has contributed so far.
Now to the gurus in the house, with an idle 500k, what stocks could one buy that would at least double in value in a yr or less from now the way zenith or DSR did?
Answer need ASAP. Thanks a bunch

Hi all,
Does anyone has any info on cornerstone insurance end of year (Dec 2006) result? Besides, is it a good buy at the current price of 4.02?
I have also noticed that the stock has been "stagnant" at 4.02 (both high & low price of the day) for 2 consecutive days now (i.e Friday last week and today) with changes in the volumes traded. Is the stock on technical suspension?
Any explanation will be appreciated.

@ Cheexy - What's the minimum investment for Trustyields securities? I'm also in the market for a broker.

How do you rate their service?

Thanks in advance for your response.

Hey Everyone,

I'm quite pleased with the warmness in this thread and the promptness cum care attached to the way questions are answered. Thumbs up!

U know what, I've been holding on to Niger Insurance shares for a couple of years now and i really need to sell em sometime in the last quarter of this year. Does anyone see a huge move with this stock? and do u think the effects of the consolidation in the Insurance sector has waned off on this stock?

Please fill me in with what u think.

I badly need a heads up!

Ciao!

@omoba
I will call my stock officer to confirm but last time i checked, you could open an account for free after which you start to invest. They are good, even though they don't give you advice (i don't need it anyway) they sell your shares when you want them to be sold and buy shares when you want them to be bought (as long as the stock is available) You still have to go to their office to make enquiries. Please find the address in my earlier post. I actually used to complain about my officer's tone of voice until i read other people's complaints about their own stockbrokers. I later got to find out that she was under some stress due to the oceanic bank public offer. Just go there and if you don't like them, you are free to walk out. Afterall,  it is a free world.

A few weeks ago, Cornerstone listed additional shares and now have 5.06B shares outstanding. They have not released full year results most likely due to the fact that FY results have to be audited. I suspect it'll be out by month end. Did not hear any story about a technical suspension so I don't know why the stock is stagnant. Regardless, expect the PE to be very high at a price of N4. I'd rate it an immediate SELL and not a buy.

easimoni , could you plz give more in dept details why think cornerstone is an immediate sell .

@meetgiwa,

Am not a stock broker am an investor presently am in london u can reach me on +44-7798830387, my email is on my profile.

Bought some Oceanic share today. Hope fully it will yield to my expectation.

To the gurus in the house Easimoni, Frankiriri, Enolase and others.
Access Bank just fixed their IPO price at 14.90, a massive discount of 4.42 naira. Is this a good buy considering the fact that the stock price was pushed up rapidly in the last week preceeding the offer to 19.32. Please lets have your opinions.

Thanks All

Am eager to hear what the gurus have to say on Access bank. Personally I do not see any thing fantastic there.

The fastest way to take a bath in the stock market is to try and prove that u are right and the market is wrong.

Conventional wisdom and consensus thinking is seldom right in the market place, so i will advise everyone on this thread to learn the fundamentals of the stock market if u are thinking of buying, selling or even stocking shares.

Was not me that got the shares , twas nazzyon see post above.

As per Access bank, I am just not interested to tie my money down for 6 months, how many banks have come to the market this year, UBA, OCEANIC, FIRST BANK, so I'll pass on this one. I am not even checking fundamentals  .