Stock Market Tips For Nigerians

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Author Topic: Stock Market Tips For Nigerians  (Read 415266 views)
TeeHay (m)
Re: Stock Market Tips For Nigerians
« #16064 on: February 18, 2008, 06:49 PM »

Quote from: shigidi on February 18, 2008, 06:31 PM
easimoni, you don go talk longman now!!!!!!!!!! anyway, i think it has already taken off anyway.
let me advise yall if unity drops a bit pick up a little, say 5% of your portfolio, another first inland fit happen. e fit bi u ooooo!!!!!!!!!!!!

Guy, no be today easi=N= talk longman. I recall I even they jump after I see say hin eye dey on top bicos I hinted it earlier based on strict fundamentals. With fundamentals and F02 result timing; you can hardly go wrong!!! Would be very suprised if the coy no declare bonus or healthy div, we dey inside dey wait, same with Beta Glass!!
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #16065 on: February 18, 2008, 06:51 PM »

Quote from: aktopgun on February 18, 2008, 06:46 PM
omo na wa o! na so u just take style throw in conspiracy theory for here ke.
from the history and good name this thread has established, all of the people who have become friends and really a family of sorts ave proven their loyalty over and over to each other . at least i speak for myself and i'm sure for everyone else on here including u.

e good as u say make all man do im analysis . i agree with u. this thread is also an invaluable tool in that analysis.  Grin Grin

I share your sentiments o my brother. I don't think  at least speaking for those i have come to admire and respect on this froum including my very own self anyone will come on this forum to pump and dump.

The day that happens will be a very sad day indeed on this thread i think we look out for one another here!
Napolean
Re: Stock Market Tips For Nigerians
« #16066 on: February 18, 2008, 06:58 PM »

[s][/s]
Billions (f)
Re: Stock Market Tips For Nigerians
« #16067 on: February 18, 2008, 07:03 PM »

  Smiley A newcomer in da house, quite impressed with what I've read so far on this thread. Been investing in stocks for a couple of years, never knew something like this existed. Thanks y'all for making this real.
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #16068 on: February 18, 2008, 07:12 PM »

Quote from: Napolean on February 18, 2008, 06:58 PM
@ Roughcut
I would like to know how I can upload something that would be useful regarding those 3 companies you may be interested in. I didn't forget! Smiley

@ all the PP junkies please continue to shine your eyes brighter. It can be very murky out there. I have had some very bad experiences(where one doesn't even see kobo of their initial investment back-the creditors get all) and some very good ones.

http://www.tribune.com.ng/18022008/news/news8.html :not a joke.

Omega savings and loans http://www.omegasavings.com  have been doing their pp for about a year now, if one chooses to contact them, they will email you a prospectus. It is at N1.50 for a N1 ordinary share. Any buyer should get full allotment and they say they intend to list. The former Omega bank is part of the new Spring group. However both omega and spring mortgage both want to be totally stand alone from the parent group and from each other! The Omega savings  Chairman was very much part of the Spring boardroom drama and I was not interested in purchasing a single unit last year and still am not now. I am on the lookout for Spring bank shares for medium term speculation.

ASO was done around November 2006 and the last time one could have gotten in was about April last year. It was over subscribed what they did recently was a supplementary placing to absorb the excess. It is done and dusted, unless you can get it crossed. Intercontinental was grossly over subcrib ed, issued peanuts and returned funds. I put head in Abbey because it was sweet and the foreign investment were serious guys.

I have know that the mortgage is industry is the next thing (wahala) taking off in Nigeria and I will briefly gloss over why one must consider the issue of land reform, ownership and rights which is especially important for anybody considering taking up a mortgage in Nigeria.

Reltel just popped on the map last night and I will be meeting the majority shareholder next week to find out how far. I like this company as it is indigneous and relatively quiet.

 

Thanks for getting back to us on that one. please use this site upload anything you deem useful to us that is what we normally use to upload stuff.
http://www.megaupload.com/?d=JCPMVWIM

When you are logged into the site just copy the code in the top left-hand corner into the password/code field and that should work.
mykel09 (m)
Re: Stock Market Tips For Nigerians
« #16069 on: February 18, 2008, 07:16 PM »

i decided to play the market after being a veteran of public offers n told my broker to get me aiico shares for over a week now he has not gotten it yet n its gone from 5.78 to about 6 naira,qstn is ,is my broker plain lousy or are stocks just too difficult to get on the floor
Napolean
Re: Stock Market Tips For Nigerians
« #16070 on: February 18, 2008, 07:16 PM »

[s][/s]
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #16071 on: February 18, 2008, 07:17 PM »

For anyone using FSDH spreadsheet to update data note that Cutix has been moved from the 2nd Tier sector to the Engineering Technology sector. Easy to overlook.
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #16072 on: February 18, 2008, 07:19 PM »

Nope just copy the shortcut into your browser and copy the code you see in the top left-hand corner into the code/password prompt

Those are some of the stuff that were uploaded by some of our guru's and guguru's on this thread Grin Grin Grin Grin Grin
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #16073 on: February 18, 2008, 07:20 PM »

Quote from: mykel09 on February 18, 2008, 07:16 PM
i decided to play the market after being a veteran of public offers n told my broker to get me aiico shares for over a week now he has not gotten it yet n its gone from 5.78 to about 6 naira,qstn is ,is my broker plain lousy or are stocks just too difficult to get on the floor

Aiico has been hard to get since Technical suspension was lifted. Today is the first day in over 2 weeks that the stock experienced some turbulence.

I have a bit myself and have put in a order for more since last week but no show. I am hoping I got when the price dipped today since my bid was lower than the closing price.

So don't blame your broker. Na d stock.
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #16074 on: February 18, 2008, 07:21 PM »

Quote from: pumping777 on February 18, 2008, 07:17 PM
For anyone using FSDH spreadsheet to update data note that Cutix has been moved from the 2nd Tier sector to the Engineering Technology sector. Easy to overlook.

Pumping777  i beg help me breakdown the upload process on megaupload to elder Napoleon since you be the guguru for this one Grin Grin Grin Grin Grin

He needs to upload some stuff about some PP's
tiwantiwa
Re: Stock Market Tips For Nigerians
« #16075 on: February 18, 2008, 07:22 PM »

@ BAba NApo

you can also try www.mihd.net , no malware , simple and neat
windywendy (f)
Re: Stock Market Tips For Nigerians
« #16076 on: February 18, 2008, 07:28 PM »

Chei, my broker sold all my capoil today. First I was like  Shocked Shocked who's doing the buying?? Later I was like  Grin Grin. Narrow escape with 19% in less than 2 wks.

Lesson #21: never do CICO unless your broker is superman  Cheesy
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #16077 on: February 18, 2008, 07:30 PM »

Quote from: Napolean on February 18, 2008, 06:58 PM
@ Roughcut
I would like to know how I can upload something that would be useful regarding those 3 companies you may be interested in. I didn't forget! Smiley


   I am on the lookout for Spring bank shares for medium term speculation.

 I put head in Abbey because it was sweet and the foreign investment were serious guys.

I have know that the mortgage is industry is the next thing (wahala) taking off in Nigeria and I will briefly gloss over why one must consider the issue of land reform, ownership and rights which is especially important for anybody considering taking up a mortgage in Nigeria.

Reltel just popped on the map last night and I will be meeting the majority shareholder next week to find out how far. I like this company as it is indigneous and relatively quiet.



Understand Springmortgage will be listing very soon and from guys that have dealt with them they seem to be doing alright. Dont think i want to touch Spring bank with a barge pole though!

Abbey is another good one though and they are also due to be listed very very soon since i missed out on the PP party i might as well wait for the listing

Where i have had to take mortages in Naija i generally go for developments the banks are directly financing so that way i avoid all the aggro with titles and ownership and land reform!
loma (m)
Re: Stock Market Tips For Nigerians
« #16078 on: February 18, 2008, 07:32 PM »

"The market is weird. Every time one guy sells, another one buys, and they both think they're smart."

I understand the guys who sold 14 million units of TransCorpse, but I don't understand the guys who bought those shares!

aktopgun (m)
Re: Stock Market Tips For Nigerians
« #16079 on: February 18, 2008, 07:34 PM »

Just a thought fellas, on fidelity and the candle pattern. it did a small bull run as i thought last week but its all change.


* fidelity2.JPG (92.93 KB, 780x640 )
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #16080 on: February 18, 2008, 07:38 PM »

mistake, mistake, see corrected chart on fidelity below


* fidelity3.JPG (80.86 KB, 780x640 )
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #16081 on: February 18, 2008, 07:39 PM »

Quote from: Napolean on February 18, 2008, 07:16 PM
@ Roughcut do I have to register?

I can see something about Afrinvest and MTN.

Sorry please break it down to me again. Sorry!

Make sure your antivirus and anti-spyware vaccinesaktopgun i just had to slip that one in! are up to date Grin Grin Grin Grin Grin
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #16082 on: February 18, 2008, 07:44 PM »

harami- meaning "pregnant" in japanese

rules of recognition:
1. a long day is preceded by a reasonable trend
2. the color of the first day isnt as important but it is best if it reflects the pattern, ie green color in an uptrend and red in a down trend. this isnt a strict law though
3. a short day follows the lond day with its body completely inside the body range of the long first day
4. the short day should be the opposite color of the long first day

so there u have it. i expect more jibes and jokes about this  Cheesy  Cheesy
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #16083 on: February 18, 2008, 07:47 PM »

Quote from: RoughCut on February 18, 2008, 07:21 PM
Pumping777  i beg help me breakdown the upload process on megaupload to elder Napoleon since you be the guguru for this one Grin Grin Grin Grin Grin

He needs to upload some stuff about some PP's

Make I try.

To Upload.

1. Go to the Home Page --> http://www.megaupload.com/
2. On the top right hand corner, click on "browse" and select the file you want to upload.
3. At the bottom right hand corner, fill in the text field directly under "Please enter a meaningful file description" with a descriptive name for the file.
4. Click the check box to accept the terms and conditions
5. Click Send

To Download

1. Go to the Home Page --> http://www.megaupload.com/
2. At the top right hand corner, you will see the "upload" botton and to the left of this an empty text field. Further left, you will find some characters eg XYZ (please enter XYZ here) Enter these characters in the empty text field.
3. Click the "download" button to navigate to the download page.
4. Wait for the timer to count down and enable the "Free download" bottom at the bottom of the "free" column.
5. Click the "Free download" button once it is enabled.


***For your safety, avoid clicking on any banners or adverts on this site and ensure you have real time protection anti-virus software.
debenzd (f)
Re: Stock Market Tips For Nigerians
« #16084 on: February 18, 2008, 07:59 PM »

Quote
Dbenzd Where are you?  that will depend on some of my answers to you. Because of you I will open a separate thread now

@Napoleon,

I dey o!. Looking forward to your thread!

Please let us know when it is up.

Thanks also for the CICO info.
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #16085 on: February 18, 2008, 08:01 PM »

Is anyone surprised about the daily stock position today? Very few stocks on net bid today. Very different from what we've been seeing in the last few weeks.

I hope it is not the fear of the "February 6" syndrome that is reflecting on the market. One thing I have always known for sure is that many times, unreal net bids that can't be fulfilled are placed indefinitely for some stocks just to see the rise in prices.
debenzd (f)
Re: Stock Market Tips For Nigerians
« #16086 on: February 18, 2008, 08:02 PM »

@Fatherof2, where you dey? You don see my previous posts? Abi work no let you see road?

I await your comments.
Iwerebor (m)
Re: Stock Market Tips For Nigerians
« #16087 on: February 18, 2008, 08:24 PM »

Hi All,
Isn't CSCS trade alert supposed to be error free?

Twice now that I have noticed, their trade alert figures have not matched the pricelist on various websites.
Today for instance, they reported the following prices for these shares I disposed:
FBN, N49.80
GTB, N36.74
UBA, N49.95

I have checked across various websites and can't find a match for them even in the fluctuations.
These same shares when they were bought were some kobos higher, now in selling they are some kobos lower.
What's going on? taxation or what?
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #16088 on: February 18, 2008, 08:39 PM »

Quote from: Iwerebor on February 18, 2008, 08:24 PM
Hi All,
Isn't CSCS trade alert supposed to be error free?

Twice now that I have noticed, their trade alert figures have not matched the pricelist on various websites.
Today for instance, they reported the following prices for these shares I disposed:
FBN, N49.80
GTB, N36.74
UBA, N49.95

I have checked across various websites and can't find a match for them even in the fluctuations.
These same shares when they were bought were some kobos higher, now in selling they are some kobos lower.
What's going on? taxation or what?

Many prices occur between the low, the high, the open and the close prices. You won't find your individual sell or buy prices on any site except you bought or sold at the low, high, open or closing price for the day.

You should only be concerned if you stock was bought or sold at a price lower than the lowest for the day or higher than the highest price of the day. Your price should be somewhere between the lowest and highest price of the day.

Of course I won't complain if it is sold at a price higher than the highest of the day  Grin or bought at a price lower than the lowest of the day  Grin
easimoni (m)
Re: Stock Market Tips For Nigerians
« #16089 on: February 18, 2008, 08:39 PM »

Quote from: Iwerebor on February 18, 2008, 08:24 PM
Hi All,
Isn't CSCS trade alert supposed to be error free?

Twice now that I have noticed, their trade alert figures have not matched the pricelist on various websites.
Today for instance, they reported the following prices for these shares I disposed:
FBN, N49.80
GTB, N36.74
UBA, N49.95

I have checked across various websites and can't find a match for them even in the fluctuations.
These same shares when they were bought were some kobos higher, now in selling they are some kobos lower.
What's going on? taxation or what?

According to my FSDH sheet, the lows for the aforementioned companies are
FBN 48.75
GTB 36.36
UBA 49.81

Your broker sold your shares within the day's ranges. Abi did I misunderstand your question?
ololufemi
Re: Stock Market Tips For Nigerians
« #16090 on: February 18, 2008, 08:46 PM »

@ PUMPING,

how you take see this diamond in the rough
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #16091 on: February 18, 2008, 08:50 PM »

Quote from: ololufemi on February 18, 2008, 08:46 PM
@ PUMPING,

how you take see this diamond in the rough

I think a good re-entry point presented itself today. Maybe it will even dip further tomorrow making it even better. Everything now depends on how good the result will be. That is the real issue.

It's also good to know that the GDR shares are not likely to be credited before the Q-3 results.
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #16092 on: February 18, 2008, 08:53 PM »

See more rumour mongering to push up the price of Afribank  Grin Grin Grin

http://www.stockmarketnigeria.com/2008/02/17/afribank-plc-gears-towards-a-superb-year-end/

Check out words like "bumper", "superb", and "bountiful"  Grin Grin Grin

This Afribank Management means business o.

If the result will be so good, why don't they let us wait for it ??  Grin Grin

Oya broker. Kia kia. Sell all my Aiico and load Afribank all the way  Grin
Iwerebor (m)
Re: Stock Market Tips For Nigerians
« #16093 on: February 18, 2008, 08:58 PM »

Quote from: pumping777 on February 18, 2008, 08:39 PM
Many prices occur between the low, the high, the open and the close prices. You won't find your individual sell or buy prices on any site except you bought or sold at the low, high, open or closing price for the day.

You should only be concerned if you stock was bought or sold at a price lower than the lowest for the day or higher than the highest price of the day.

Of course I won't complain if it is sold at a price higher than the highest of the day  Grin or bought at a price lower than the lowest of the day  Grin
I don't know how you know this pumping but if it's true, then my confidence has returned. I thought the fluctuations of a stock are fully captured in the opening,high,low and closing prices.
Quote from: easimoni on February 18, 2008, 08:39 PM
According to my FSDH sheet, the lows for the aforementioned companies are
FBN 48.75
GTB 36.36
UBA 49.81

Your broker sold your shares within the day's ranges. Abi did I misunderstand your question?
Your understanding is in order easimoni.
I couldn't have wished for better answers from you guys.

By the way Easimoni, I looked at your your recent upload for this thread, was really amazed how you came by all those data and the patience you managed in compiling them. That's really painstaking job.Very commendable.

I used it to further my research on Union bank. Was scared by the share outstanding you calculated for them. You increased it from 11b to 14b. Remarking on it you said there is a 9billion goodwill to be written off.
Didn't really understand how paying off goodwill increased the share outstanding.Is there some sort of conversion at work?
Bizl4Rizl (m)
Re: Stock Market Tips For Nigerians
« #16094 on: February 18, 2008, 09:06 PM »

SOS!!!

Please I need fellow shareholders of SKYE bank to help out!!! (or anyone in the know)

I have some shares in SKYE bank and want to take up my rights in the current offer but I have been expecting the rights circular in the mail and havent received it yet! So what do I do? I am in the dark, anyone witht he same experience & how do we go about solving it? Go to the registrars or to the head office or where ?  ? ?

Would appreciate your response , Thanks!
easimoni (m)
Re: Stock Market Tips For Nigerians
« #16095 on: February 18, 2008, 09:13 PM »

Quote from: Iwerebor on February 18, 2008, 08:58 PM
By the way Easimoni, I looked at your your recent upload for this thread, was really amazed how you came by all those data and the patience you managed in compiling them. That's really painstaking job.Very commendable.

I used it to further my research on Union bank. Was scared by the share outstanding you calculated for them. You increased it from 11b to 14b. Remarking on it you said there is a 9billion goodwill to be written off.
Didn't really understand how paying off goodwill increased the share outstanding.Is there some sort of conversion at work?

To the 1st part: thanks

To the 2nd, I increased the # of shares because of the last bonus issued (1-for-5). The 9B in goodwill has nothing to do with outstanding shares; it's just a reminder as to why UBN's results may not be good for FY March 08 but should subsequently improve quite dramatically. Since you noticed, watch out for Union post-FY announcement.
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