Stock Market Tips For Nigerians

@Wanajo

I have been reading your posts and I have to thank you. I am a long term investor. I have 4Million naira to invest for the 2 - 3 years. Which 6 undervalued stocks can you recommend? May God bless you tremendously.

pumping
what number did you call CSCS on?Tried in vain but no one picked up

That hasnt stopped it from doing the max since it listed though. This is  by no means a medium-term stock.

 For CICO/ RO-RO i have placed my order though.

Please also say that it will try the N60 mark next week and fail 

I noticed the list there is quite old and some companies are not listed. There was another list attached by I think is Samstone (not too sure tho) that contains a current list of the companies. Infact Fo2 gave a special gratitude to the list at that time. It was in January, let me go through all the pages i guess while waiting for some one with it to attach.
Sorry for being adamant but I need it quite urgent.

Sorry, inserted wrong quote previously.

I noticed the list there is quite old and some companies are not listed. There was another list attached by I think is Samstone (not too sure tho) that contains a current list of the companies. Infact Fo2 gave a special gratitude to the list at that time. It was in January, let me go through all the pages i guess while waiting for some one with it to attach.
Sorry for being adamant but I need it quite urgent.

Let me know when you get it to BUY.

@Wanajo

Thanks.

What do you think of Unic, May & Baker, Skye and Ikeja Hotel - for the next 2 years?

All: Cashcraft don com again o 

Just got info from a friend, whose close friend got conned by a cash-crafty rep. She unfortunately is a novice. The rep Uju went to her office telling her to buy either Afroil, First Aluminum or Unity bank. She choose Unity but was told to look at the price appreciation from N2 to N12, hence a better option. Her ordered 300kg and the stock has been losing serious weight since she bought. She's been trying to reach the Uju (Oju Ole(thief)), but she is no longer reachable.

Blueband protect ya sef well well o, before yawa gas. Yes I do have an account with Cashcraft, but this is somewhat manageable, simply because I have made my account officer my friend. The downside is that she still has to operate under the lousy ethics. I was this close to signing their death warrant last year owing to their dubious practices, but a good friend dissuaded  me from doing this, coupled with the fact that they would use my account officer as the scape goat ( I couldn't have that).

Last year they didn't trade for about 2 days, why? They were under investigation by the SEC and therefore not allowed to trade. But most of their clients are none the wiser simply because they would be told they could find the stock to buy or impossible to sell!

This year something similar happened. Someone was trying to hide money in stocks with them but the SEC once again stepped in. Stopped them from trading for 1 day.

Since last year they have been experiencing server problems, I'm surprised how long its taken many to notice problems with logging into their account.

One thing is certain from my experiences Cashcraft has some crooked elements in their midst (management/employee), but as this is Naija, this is not so unusual since its a man no man business.

Another thing to be aware of which Napolean has somewhat highlighted, is the fact that most of our brokers are looking out for number 1.

We all need to realise that we are actually in competition with most of these brokers, judging by the experiences we've all had 

When you place an order for a stock they also want, you can be certain their order gets filled first. We are considered last (except in some instances where you have a good relationship with your account officer, who can sometimes influence situations on your behalf).

We all know that buy or sell our brokers make a profit! Better still for them if you hold a stock they want from you. You can be certain that stock will lose so much that their advice is for you to sell at a loss, while they buy at a profit from you and still collect their bonus commission for doing so. I recall reading on this thread where someone got his broker to take off N1m worth of unwanted stock from his account. So who is the unfortunate guy that got this weight dumped on their lap Someone has to bear the brunt and it sure ain't the broker (you can bet your last dollar on this).

nuff said 

@Windy, Wendy

How goes the gale today?

I note that FSDH Securities are you brokers.

Please tell me roughly how long it takes them to verify your certificates and have them on CSCS. This has been an area of dissatisfaction for me.

Samstone4

Oga pumping     thank you very much o,  for those of us that do our due diligence,  i no see SCOA buy, you come pour more yawa on the insurance one as well - Prestige (i no get) and Oasisins (i no get, but i no blame you for that one.)

Na to sidon dey look una - this week, we go know for most of this insurance coys,  If i had entered, i was planning on exiting very soon anyway.

Transcorp, transcorp - haba,  na wahoooooooooo   . I just thank God my people, fear and liver no gree me go close to that one, talk less of placing an order.

Thanks pumping.That number is not on their website

@pumping, honestly i don't remeber which comment about diamond u are referring to bro, please remind me.

i guess u are probably pulling my legs again pumping.

@Omoba3

I am having a similar issue with Cashcraft. I have been trying to make them reverse an unauthorised sale for weeks, no luck.

The fact is I stopped using them but need to slowly sell off my holdings. They really are not worth the hassle.

@Wanajo

Thank you.
Please give me some idea how long the verification takes.
Mine usually takes many months with FSDH.
What is your experience.
Do not want to complain if it is everybody's experience.

Samtone4

@ CrazyT,

I support your comments that your holdings have questionable fundamentals and it may be wise to get out. Here are my views on your suggestions for replacements;

PZ: no, no growth
Costain: red hot, don't stop a moving train. Besides I thought you got some last year when the rest of us slept on it.
Arbico: who?
RT Briscoe: yes yes yes. My own 'folio just got five zeroes' worth   YE is round the corner. Solid bonus history
Dunlop: the turn-around story that (never) was? I have not seen signs that they are back in the black but I defer to Wanaj0 and wendy (our very own oracles )

May I also suggest UBA (or am I flogging a dead horse), Longman and Trans-Exp