Stock Market Tips For Nigerians

@dollyp

Soori bout dat,

@ all
access isnt impressing piple but lets remove sentiments here, if its an avenue to make some dough then Y not. Personaly i have some units of access, i mite just buy a few units and sell off part of what i presently have. Might probably get to N23-N25 even with the poor EPS, every man knows what works for him or her.

But again u must be savvy on an issue as dis one. Look at FBN, they are currently doing their PO, but can U believe they have released the Audited report for March 2007 in JUNE.

Normally the result doesnt come until end of July or August. So they have released it so that U and I will fly and buy their shares. They have not said what they will give but i think the result is fair, but the effect of the last year 1 for 1 will definitely be felt in this result.

Nigerains, we sure  are smart. Lets make the dough while we can. The BULL is hot.

What you have in their prospectus is UN-AUDITED RESULT (Management account) for year ending March 2007. The audited result will be released in July/August.

The Bull run is caused mainly by the FDI's and the Pension fund money. Note however that there will always be a correction. Then if you are not holding fundamentally sound stocks, you will get your fingers burnt!

Hi All,
    This is the 12th day i sent an order to my broker for the sale of my Access bank shares and up till today i've not heard anything concret from them, they keep telling me that their are so many people on queue for thesame sales order and keep telling that it difficult to sell because its on technical suspension, i dont know if anybody have any contrary view about it
Thanks

A lot depend on your investment philosophy, exit strategy, your age etc.

For me, I am buying Longman, Beta Glass, Diamond, Wapco and Wema. May and Baker is also being considered.

I love it when people on this thread have taken the time to investigate the shares they are buying at least to a certain degree, yet again i see a lot of people hoping to DOUBLE money asking for stock tip like no man's business.

People I hope y'all have your strategy and spend some time to read about the companies, it is your money you are investing not someone else's and the information is out there just search and by all means google away.

If you see a bigger FOOL that is willing to buy at market price, sell fast. I however doubt that. You may just have to hold on! Access above 12.00 to me is expensive.

Yes you see trades on the floor but they are mainly cross deals. Most are done below the market price!!!!!!!!!! That's part of the imperfections. Sometimes what you see is actually people merging their accounts together. That is people consolidating their holdings! No real trade. That's why your broker was unable to sell.

@ALL
STOCKS INFO

UBA introduces Diaspora share loan scheme: For people in uk,usa,canada,e.t.c,

1.  Objective is to part finance the purchase of blue-chip stocks in the Nigerian Stock Exchange

2.  The maximum single obligor limit is =N=60 Million while the minimum is =N=500,000:00.

3.  Equity Contribution: Applicants are required to put down equity of 40% while the Bank provides 60% of the funds needed to acquire the shares.

4.  The tenor is 12 months with a renewal option

5.  Interest Rate: Interest rate is PLR (currently 17 percent)

6.  Management fee: 2 % flat of the loan amount and payable upfront

7.  The Equity Contribution and the Management Fee must be provided when applying. 

8.  Repayment: The principal and interest are due only at the end of the 12 months tenor or whenever the customer decides to liquidate the loan, whichever is earlier.

9.  The Bank reserves the right to dispose of the shares if there is a 20 percent decline in the value of the customer’s shares or the portfolio, which was acquired using the loan.  However, the customer will be informed and there is provision to put in additional equity.

10. The custody of the shares acquired remains with UBA Stockbrokers Limited during the tenor of the loan.

11. Under this scheme, the maximum exposure to any single company(stock) is 10 percent of market capitalization or =N=500 Million, whichever is lower.

PROCESSING

The SharePlus application form and other relevant documents are at NRN Banking  Center. Processing and approval will be done at the NRN Banking Center.

 The Product FAQ is provided below:  PRODUCT NAME    SharePlus Loan :     Product Detail

You want to become an active player on the stock market but don’t have all the money and a stockbroker to manage your portfolio? SharePlus makes it possible

BENEFITS
Easy and speedy access to a loan that allows you to trade in the shares of blue chip companies as frequently as you wish for 12 months
Flexible repayment schedules
Loan renewal which facilitates continuous trading after the initial 12 months
Portfolio management by UBA Stockbrokers Limited
 
TARGET AUDIENCE
Members of the investing public who wish to create and grow wealth who may or may not be UBA customers

 HOW TO APPLY
Complete a UBA Share Plus Application form and NRN Current Account Form
You will also be required to complete the Central Securities and Clearing System (CSCS) form
If the desired shares are being sold by a Public Offer or a Rights Issue, complete the forms specific to that offer stating UBA Stockbrokers Limited as your address and enclose them with the UBA Share Plus Application form
Submit all the forms to the Non-Resident-Nigerian Banking Centre.

I noticed for the first time (this year) that Afroil dropped, I guess it's high time to check out? I bought it for 0.42 and it's some shade off #9 (about 2000%) abi wetin una say???

@crazyT,

i don't tink it necessary to check out now,because sometime price do fall and pick -up again next day and sky-rocket.it has happened to me with my United Textile share,it dropped just for one day and i sold it only 4 it to stat rising d followin day til tomorrow it is stil rising in price and i'm regreting it.

So i wil advise u wait if it fall for three consecutive days or so u can den sell all or half.
The Max percentage decrement allowable per day is 5%.so there is stil some room for u to make money even if it fall consecutively for 3days.

Oceanic dividend already paid.

Certficates always take a long time. Even with teh e-bonus by First Bank, CSCS accounts were not credited until about 6 months down the line!

hello peeps
Pls whats the gist on cornerstone insurance? why was the price suspended for 3 days. it seems cornerstone is not really going to do well anytime soon. pls any news on corenerstone insurance would be highly appreciated

I just joined this forum because of how informative it has been to me especially on the issue of buying and selling stocks.
Right now I am seeking to buy Nestle Nig shares. Please can anyone analyse the benefits and disadvantages and the best time and rate to venture

@easimoni,

are u a broker?, i like all your post, if u dont mind, can u give me your email address or your phone nos.

will be very greateful if my request is favourable considered.

hope to hear from u soonest.

thx.

Nestle has become the classic "value stock": very low growth rate (10-30% p.a, vs 60-100+% for most banks) but pays v good dividends (div. yield of almost 4% is good for a blue-chip in today's NSE). If you are looking for long-term stability and great dividends, buy Nestle at today's price. If you have the liver to make money backing a "growth stock", read up on this thread and others. Lot's of good advice available there. I'm deep into Wema, Wapco and Skye. Other buys on this thread include Beta Glass, Longman, & GTBank.

good luck.

@allcorrect,

maybe i did not put the query right,

i think i mean since the begining of this year, i.e at a point dangote=54, zenith=38

just keeps me wondering,

UBA is so slack, the price tumbling like a pack of wet cards,

easimoni,
thanks a lot for the advice. Long term stability is what I'm looking for.
Is there a possibility that Nestle will dip to 180 or less?