Stock Market Tips For Nigerians

@texas543 - This my new name come fine bettter pass the old one 

you people will not make me laugh tire.

are you trying to speak in tongues or wetin be this na???

Anyway sha, I know some stocks require the ezekiel touch (speak to the dead bones of transcorp and Diamond ).

Meanwhile , please answer the CCNN guy ooo?? I dey interested in that info as well.

the name sweet gan. the only thing be say i like the sound of my nigerian name better. besides i no be ninja and i no fit use samurai sword. abi mr miyagi (aka pumping777     )?

@All still waiting for ur help

Please  i need help with the personal numbers of those that work in the certificate sections of the registrars below.I will greatly appreciate anmy help as my certs lodged through valueline remians unverified since April last year

1.Union registrars
2.Diamond
3.Oceanic
4.Zenith
Waiting for your response

@yodiyokun
e near but no reach that level. help still needed.

Netle don disappoint. Wetin see for candle. E be like say I go organize to remove am from long time portfolio. I no need portfollio stabilizer we no fit meet up with at least 1/2 the rate of NSE growth. The dividend sef no sweet again. E be like say NSE don mature pas NESTLE. Abi wetin una think eyin long term gurus.

The beauty of a thread like this is the diversity of opinion and tools available for decision making. Personally I don't place much value on candle talk. but for die hard short termers it is an invaluable tool. Me, I don't trust the charts. The charts for transcorp up until the day of the reversal would have given no indication of the possibilty of such fundamental happenings.
That said I believe that everyone is welcome to contribute what he has to the development of this thread. Whoever is not comfortable with a particular method can just ignore any mention of it. I actually skip a lot of the information on this thread. I take what I can use and leave the rest. That I don't like amala does not mean they should not sell it in my favourite restauarant.

CCNN - The main problem I have is the rights issue that was done last year at N6.50 when the stock  was on TS at N21.30.  The ratio was 4 for 25.

Since the stock came out of TS, there has been so much selling pressure I guess from those that got from the rights issue. Many folks just got their rights and started selling their main holdings.

No result is expected till earliest April (FY or Q-1).

Short term it is a possible option. It will depend on how good the results are but I'm not very hopeful.

Long term is a no for me. Forward PE is over 160x and you can be hit by over-dilution once the subscribers to the rights issue get their shares credited. That may be the time to enter.

I hope for your own sake that you're right. I know you have a good-sized stake in this company and I also recall the BIG argument that we had sometime ago when the PO was on. In all of this, one thing's for sure: an investment in transcorp has been a huge opportunity cost to those who invested. It's an outrage that the NSE and SEC allowed a company like this to come looking for funds in the equities market. For a company that had no history of operations, funds should only have been sought in the PP market where there's the appetite for much higher risk.

SHITTA!

LOL! 

Memories! Memories!

@ Wendy,
my respect for you just multiplied (irrespective of your support for Bill Belicheat  ) based on your Transcorp yarns _{oh and thanks for the Niwicable tip. 'folio is smiling}

To all those mad at the FG, let's wait for the details to come out. I worked in the deal-making department of a major oil company and our partners often wrote penalties for failing to meet performance milestones into our contracts. Who says the FG didn't so the same? The ability to make measurable progress to revive NITEL may have been a condition of the sale. No one can argue the fact that little or no progress has been made (still don't know anyone with a NITEL line).

You know, my knee jerk reaction was to initially disagree on the bank being in a position to give bonus. But on further thoughts you may just be right. Right now they have about 6.13b shares outstanding, including the bonus of last year. PO was for 4b and assuming they absorb 25% extra, that should bring total shares outstanding to 11.13b, which isn't much considering what we see from other banks. But Afribank is relatively a non-performer among the banks, so even the 11.13b outstanding will put the valuation at whacky levels -- unless of course they come out with fantastic results soon. So bottomline, there might be some truth to the bonus rumor afterall  

@easimoni, shigidi - Wetin dey ground for RT Briscoe? I know FY result is coming out soonest but any fleshy rumour out there?

Shoprite To Open Nine New Stores In Nigeria Over The Next Year As First-Half Profit Climbs 48% on Job Growth in South Africa

2008-02-19 05:56 (New York)

 

Shoprite Holdings Ltd., South Africa's largest food retailer by market value, said first-half profit rose 48 percent as employment increased and after a strike reduced year-earlier sales. Net income in the six months through Dec. 31 climbed to 683.3 million rand ($89.9 million), or 1.28 rand a share, from 462.5 million rand, or 86.5 cents, a year earlier, Cape Town-based Shoprite said today in a stock exchange statement. Sales increased 22 percent to 23.3 billion rand.

 

Shoprite, the country's biggest publicly traded retailer, benefited from an expanding economy and rising incomes amongst an emerging black middle class. The highest interest rates in four years, rising gasoline costs and power outages may undermine future sales, making it more difficult for the company to match earnings growth in the second half, Shoprite said today.

 

``There is no doubt that the fallout is spreading to food categories,''said Syd Vianello, a retail analyst at Nedcor Securities Ltd. in Johannesburg, who has a ``buy'' recommendation on Shoprite. ``It shows that the economy has weakened a lot more than we had thought. People are ditching top end products and going for alternative brands that are cheaper.''

 

While sales at Shoprite's higher-end Checkers stores rose 13 percent in the first half, the Usave outlets, which target lower-income earners, boosted revenue by 44 percent, the company said. The 301 Shoprite stores increased sales by 27 percent.

 

 

                         `Not Immune'

 

``Although the food sector does not feel the effects of an economic downturn as immediately or acutely as some other sectors, it is not immune to it,'' Shoprite said in the statement. The ``outlook is bound to worsen further, especially in the short term, particularly as the effects of the present energy crisis are experienced more widely in all sectors.''

 

Profit in the prior year's first half was reduced by a 12-week strike that forced some stores to close and crimped sales. Excluding the effect of the strike, profit rose about 30 percent, Chief Executive Officer Whitey Basson told analysts at a presentation in Johannesburg today. Shoprite, which has 1,220 stores in the country under brands OK Furniture and Hungry Lion, plans to open 44 outlets in the second half, according to the statement. It plans to open a second store in Lagos, Nigeria and build two in the Democratic Republic of Congo, expanding its overseas stores from 16.

     

Basson said Nigeria ``can probably handle 100 stores with comfort''because the market is ``underserviced.'' It plans to open between eight and nine new stores over the next year in Nigeria, Africa's most populous country, he added. A construction boom and strong consumer spending boosted economic growth in Africa's biggest economy to an annualized 4.7 percent in the third quarter, compared with 4.4 percent in the previous three months, the statistics office said on Nov. 27. The economy added 30,000 jobs in the three months through September, the office said on Dec. 12.

 

 

                         Higher Dividend

 

``The emerging black middle class continued to be a strong economic driver,'' Shoprite said. ``There is increasing indications that more and more money from the extensive informal sector is finding its way into the formal sector.'' A weaker currency and rising international grain prices may push food inflation up to about 15 percent by August, Basson said. Shoprite boosted food prices by 7.99 percent in the first half, compared with an annual food inflation rate of 13.9 percent in December, according to official data. The company plans to pay a dividend of 49 cents a share for the first half, 40 percent higher than a year ago.Shoprite shares rose 43 cents, or 1.2 percent, to 37.43 rand as of 12:49 p.m. in Johannesburg, giving the company a market value of 20.3 billion rand. The stock has climbed 25 percent in the past six months, compared with a 9.9 percent gain in the benchmark FTSE/JSE Africa All Share index.

 

 Source

-- Bloomberg

 


Sounds e if  them do PO, person fit hammer ome buy hummer big time oh.

Anyone with info about them le boys know. If shoprite dey 25% for Jo'burg stock exchange, imagine wetin go happen for naija.

 

Dejipumping,
NA you sabi.No allow me change my mind carry cashcraft go SEC.People for your office don call me dey beg say make we resolve the issue amicably.So don't go defending your company blindly.

Baba Blueband

I don't really know why someone is stressing you in Cashcraft.
My Account officer Taiwo is at my beck and call.
He has never disappointed or ever did anything without my consent.
Someone must be bad in there.