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SavvyLanre
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@Frank - Happy Birthday in arrears, and may the Lord continue to bless you and increase you, Thanks for sharing your experience and knowledge.
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EMMAACHILE (m)
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The Nigerian Stock Exchange (NSE) on July 11th, 2007 placed the share price of Japaul Oil and Maritime Services Plc on technical suspension, following the receipt of an application to raise funds from the market via an hybrid offer.
The Company is expected to raise 1,007,488,188 Ordinary Shares at N3.95 via a Public Offerring and 291,549,045 at N2.50 via a Rights Issue.
Expecting the offer anytime Next month.
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senetee (m)
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@all n the gurus,
what is Japaul really into? Yes, i know ts its in the maritime sector and they had an IPO a few years ago but did they really utilize the funds well?
Just need more information on the coy? Thanks
@Frankiriri, HAPPY BELATED BIRTHDAY! ! ! ! Wish you and your portfolio many happy returns.
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Ess
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Hey guys whats happening? there seems to be some silence in the house! Well I wish all is fine and hope to hear from u all soon. Another pointer, i have notice the gradual decline of some shares recently including ashaka, dansugar, even 1st bank, costain and many more. Could this be a market turn around or just one of those periods in the stock market and will bounce back to its bullish trend?
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Iwerebor (m)
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please i need some investment advice on some of the cheap stock because im thinkin on investin on some of them, please i really need your advise on some of the prospect of the cheap stocks Well Urboy Cheap stocks have one strong advantage over costly ones: It is the advantage of numbers or volume. They don't grow much but the cumulative effect of their little growth can and does surpass those of the expensive ones. Make sure when you buy them you buy alot of numbers and then all the Kobo kobo will sum up nicely to crisp naira notes. Happy investing!  @All Has anyone's research made them have good feelings for Wema Bank Plc lately ? Any opinion of that stock's potentials in the next three months? Is there a public offer in the making from them soon? If there is, how does one know when to dispose to avoid the Technical Suspension that will follow? Will appreciate answers. |
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windywendy (f)
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The Nigerian Stock Exchange (NSE) on July 11th, 2007 placed the share price of Japaul Oil and Maritime Services Plc on technical suspension, following the receipt of an application to raise funds from the market via an hybrid offer.
The Company is expected to raise 1,007,488,188 Ordinary Shares at N3.95 via a Public Offerring and 291,549,045 at N2.50 via a Rights Issue.
Expecting the offer anytime Next month.
Isn't is absolutely wierd that a company would do a public offer at a price that's almost 50% off the market price of its stock? That's like management announcing to the whole world that it thinks its share price is severely overvalued  Or could it be that the market price was manipulated prior to the offer and is therefore totally uncorrelated with the company's fundamentals? I'm seriously wary of companies like this on the exchange  |
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dollyp1cute (f)
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Isn't is absolutely wierd that a company would do a public offer at a price that's almost 50% off the market price of its stock? That's like management announcing to the whole world that it thinks its share price is severely overvalued Or could it be that the market price was manipulated prior to the offer and is therefore totally uncorrelated with the company's fundamentals? I'm seriously wary of companies like this on the exchange Is it the fact that the discount is 50% that makes you wary because price manipulation prior to offer is common. I don't think it should stop you from taking positions. |
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barge (m)
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@windywendy,
it sure looks weird for a company to discount its share price that way, but that is the norm in the Nigera stock market. However this should not stop you from taking a position ,like dollyp suggested. Japaul Oil posted very good earnings report lately, and more importantly they can sustain the growth as they maintain and execute the contracts they have now. Personally , i will suggest you determine if the offer is at FAIR VALUE and if you are comfortable with information you find on the company, Then go fo it. I will be adding to my position as soon as the offer takes off.For me its definitely a good one.
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easimoni (m)
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@ All, does anyone know why Access bank dropped 40k today? I thought the company was on technical suspension because of the public offer. Is it over already?  |
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Dis Guy
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lol it was a mistake  whats the fair value for japaul still havent got the hang of all these calcualtions |
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easimoni (m)
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Actually, I think they must have paid a 40k dividend. Can't remember what they announced when they released the FY results. Silly me.
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BIGBOYLARY (m)
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@ ALL, AS I OPEN MY CRYSTALL BALL I SEE B4 ME , ACCESS BANK. But i ask myself why on Earth is ACCESS BANK doing all this is not clear to me my crystall ball warns me about ACCESS BANK, why but why oh why ACCESS BANK, My crystall ball emanating bad smell on the side of ACCESS BANK.  |
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Tmoni (m)
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well, lets see what would happen after the PO,
i really do hope it rises to bout N21 before the inevitable plunge
@sup, larry
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Segepu (m)
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Wonderful day all yee grabbers in the land. Can anyone please link me with reliable brokers in Nigeria with list charges at transaction.
Seun especially with your market knowledge could you please advise on this matter. U may contact me on my email or link me up with your instant messenger for a nice chart.
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Iwerebor (m)
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Does anyone have any idea when the Technical suspension on First Bank will be lifted?
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dollyp1cute (f)
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What is the story on FIRST INLAND shares been declining for the past 1 week?
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mubaraqqq (f)
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 |
firstbank
« #1522 on: July 17, 2007, 07:53 PM » |
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so how do i find out what is going on with my firstbank shares? Is it trading now? How much as it appreciated?
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jesu seun (m)
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which of shares do u guys will be a good buy,which can have like 200% ROI in the next one year afroil @5.7 ethernal oil @13.08 fidelity @10.65 wemabank@11.03ibtc@11 japaul oil@6.02i have some money to be invested in at least 3 of the company above.i need your advise fast.thanks |
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Iwerebor (m)
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which of shares do u guys will be a good buy,which can have like 200% ROI in the next one year afroil @5.7 ethernal oil @13.08 fidelity @10.65 wemabank@11.03ibtc@11 japaul oil@6.02i have some money to be invested in at least 3 of the company above.i need your advise fast.thanks The last three have a good chance. I can't speak for the first. Just not sure. |
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Iwerebor (m)
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Can an amount like 50k/100k be traded with? Is there any broker who will accept it?
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otokx (m)
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@Iwerebor, most stock brokers start with 50k plus 1.25% or so as a fee
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Iwerebor (m)
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Thanks Otoks, I greatly appreciate this info. It's very helpful
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freelance (m)
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I heard Fidelity, FCMB, Ecobank would be coming to the market soon as well It's all gud  Cheers!  |
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jesu seun (m)
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which of shares do u guys will be a good buy,which can have like 200% ROI in the next one year afroil @5.7 ethernal oil @13.08 fidelity @10.65 wemabank@11.03ibtc@11 japaul oil@6.02i have some money to be invested in at least 3 of the company above.i need your advise fast TO make a decision.thanks |
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palemoon (f)
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Hello everyone dollyp1cute asked a question about firstinlandbank shares. Whats in?
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easimoni (m)
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@ the First Inland people,
maybe someone has seen the FY April 07 results and is busy dumping.
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bioye (m)
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@iwerebor,If I were you I would stay off Cashcraft. I had bad experiences with them and others have reported similar issues on this thread and elsewhere on nairaland. Their services are just too inefficient in general.
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dollyp1cute (f)
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@ the First Inland people,
maybe someone has seen the FY April 07 results and is busy dumping.
Well the "someone" took a breather yesterday as the price was up. @NBA, Cashcraft customer service is poor. |
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Iwerebor (m)
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If I were you I would stay off Cashcraft. I had bad experiences with them and others have reported similar issues on this thread and elsewhere on nairaland. Their services are just too inefficient in general. @bioye If you were me, where would you go? |
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