|
Vitastraka (m)
|
Bonuses do amount to free money if the share prices increaser above the split equivalent. Thus if a 10 naira share is split in 2 and each half is now selling for 7 naira, the value of the one share you had before the bonus is now 14 naira
|
|
|
|
|
|
easimoni (m)
|
Bonuses do amount to free money if the share prices increaser above the split equivalent. Thus if a 10 naira share is split in 2 and each half is now selling for 7 naira, the value of the one share you had before the bonus is now 14 naira
Huh?  If the N10 share becomes N14 you are up 40%. If it is split in 2 and gets to N7 (from N5), you are still up 40%. Nothing gained or lost. the only benefit is that Nigerians' (blind) love for "bonuses" will likely precipitate a bull run. In other countries, it's frowned upon because it increases stock volatility. That is why Mr Buffet has NEVER split his company stock. It doesn't add value. I always hear "Well I bought a stock for N100 and they did a 1-for-1 and now it sells for N100 so I have one free share". If only I had n1k for everytime a co-worker said something like that. I always say "instead of 2 shares worth N100, you'd have 1 share worth N200 and you'd have a lot fewer shareholders which will make bull runs more likely as supply is scarce (see NASCON recently) and make bear runs very rare since there are fewer fickle people to dump shares". Ask yourself how many bear runs you've seen on Nestle. They won't split shares. Not to talk of people who have waited 2+ years to get the "bonus" certificates. |
|
|
|
|
|
diva4eva (f)
|
HI ALL
PLS HOW LONG DOES IT TAKE FOR THE BONUS SHARES TO BE CREDITED INTO ONE'S CSCS ACCOUNT. REPLY NEEDED URGENTLY
|
|
|
|
|
|
jehosaphat
|
Guys, so what's the general consensus about Access? Buy or wait? What about Fidelity? Does anyone know anything about BOC Gases and WAMCo? Thanks!!  |
|
|
|
|
|
crazyT (m)
|
@easimoni
What is your take on Fidelity and Japauloil? To buy on the floor or the IPO? I need not to tell you how much I hate IPO but it wont hurt to listen to advise sha!
|
|
|
|
|
|
Rob-roy
|
@ easimoni
Access now, wait for WEMA PO, or Fidelity?
'Preciate
|
|
|
|
|
|
jehosaphat
|
@ Temmie 10 I have about 300k and I am trying to stretch it to fit Dangote Flour ( dont know when it will come out), Access bank ( on now), WEMA PO (coming up soon) and impending Japaul Oil. I am also hearing a lot about Small-cap stocks like Cornerstone insurance, Liz Olofin ( if i can get it) and Livestock feeds. If you were to choose 3 stocks out of all of them to split the money, which would you choose and in what ratio? Thanks man, |
|
|
|
|
|
slaykay07
|
Easimoni i concur,
I think people have forgotten what happened to Access bank before they reconstructured their shares ( price wasn't moving up due to huge numbers of outstanding shares)
Huge numbers of outstanding shares makes price increase difficult.
Low numbers of outstanding shares makes prices increase easier due to low supply than demand.
|
|
|
|
|
|
diva4eva (f)
|
HI ALL
PLS HOW LONG DOES IT TAKE FOR THE BONUS SHARES TO BE CREDITED INTO ONE'S CSCS ACCOUNT. REPLY NEEDED URGENTLY
|
|
|
|
|
|
Temmie10 (m)
|
@ Temmie 10 I have about 300k and I am trying to stretch it to fit Dangote Flour ( don't know when it will come out), Access bank ( on now), WEMA PO (coming up soon) and impending Japaul Oil. I am also hearing a lot about Small-cap stocks like Cornerstone insurance, Liz Olofin ( if i can get it) and Livestock feeds. If you were to choose 3 stocks out of all of them to split the money, which would you choose and in what ratio? Thanks man, If you are trying to grow your stock. The best advise i can give you is concentration. that means concentarte on 1 or 2. concentration grows wealth, diversification preserves it. About the stocks, my humble opinion is 1.japaul oil (because i believe it has very huge growth prospects and po for non-banks give certificate faster) 2. access (prospectus look very promising) 3. Cornerstone (price right now is good and company is growing pat very well) 4. Wema (good market forces, po coming out, rumour of foreign investor) i dun know much about liz olofin and livestock. dangote flour too is very unknown as the prospectus is not yet out but i heard its strong, but the question is "is the compan worth 75BN naira?" i thinkin a year;s time all 4 should have given you at least 60% returns, |
|
|
|
|
|
jehosaphat
|
@Temmie 10.
Thanks a bunch. I'll buy some of Access right now and wait for Japaul and Dangote. Judging from DSR and what Ive heard about the market share cornered by Dangote's Flour products, i think I'll wait for that. Whats your take on Fidelity? Seems to be pulling some bad reviews,
If you dont mind my asking what shares have been your best ( including blue chips and penny stocks)?
Also, should I wait for Dunlop and Ashaka to drop some more before buying? I heard that Michelin has exited the market so I see room for Dunlop to do great things with the right management, Ashaka has a significant market share in the Cement axis so I'll own both that and Obajana and see what happens. What say you boss?
And while I'm asking questions, what else would you recommend as viable "blue chip stocks" ( apart from banking, stocks like May and baker, NBC, construction, transport, energy, Natural gas etc), With the new president doubling as Energy Minister, i expect reasonable progress and well connected energy companies might win big, do you have any in mind?
Many thanks,
|
|
|
|
|
|
easimoni (m)
|
@ easimoni
Access now, wait for WEMA PO, or Fidelity?
'Preciate
Access now if you can get it. |
|
|
|
|
|
jehosaphat
|
@Easimoni,
Temmie 10 has been a wonderful tutor, can u also throw in your 2 cents on my question concerning guidance in picking stocks? Thanks in advance,
|
|
|
|
|
|
egoldman (m)
|
NBA
does it mean that i can buy fidelity now and sell after the technical suspension because i no it is going to raise after the suspension @E-jaja , this is a very good and reasonable question , i unknowingly but fortunately  did this with firstbank , i bought it 39 naira just b4 it was placed on technical suspension and now am all smiles and the price keep appreciating . what i would like to know if if same would also happen with fidelity bank , also i would like to know when the offer is coming out and other details like when the technical suspension would be lifted . would like them gurus to contribute to this  |
|
|
|
|
|
Mona-lisa
|
Hey Friends,
Am not suppose to do this here, but its urgent.
i need help! i have a test with Oceanic Bank in 3 weeks time.
I hv not done any bank test before. so i want u to pls tell me
what and what i will be expecting, and also other necessary advice.
Thanks i will be waiting.
CC: Seun pls contribute.
|
|
|
|
|
|
jinworm
|
pls somebody shld give me an insight on this stock market
of a thing. i need an explicit explanation. i often c it on
papers but cannot comprehend a damn thing about.
some of the terms are brokers,opening @, closes @, and wat hav u.
pls somebody should assist.
|
|
|
|
|
|
chiegemba (f)
|
@jinworm; am with u 2. Would b more than grateful if any1 could pls enlighten us "jjc" about it.
|
|
|
|
|
|
ebos (m)
|
I just bought first Bank Shares despite that it has closed. They are returning it now. I have a friend who is Stock Broker. N100,000 will give 3,020 shares at N33.00 per share. If you are interested just holla me and I will find out from my friend if he can still sell. First Bank Shares will rise, and it's advisable to invest there.
|
|
|
|
|
|
Temmie10 (m)
|
@ Jehosaphat
We are all learning here o. Thats the purpose of this forum afterall.
i think the choices you are making will definitely make you richer.
Fidelity is not clear cut. For one thing, it is more expensive than Access. It will only be justified if they can expand faster which is very possible. i saw the investment ratios for fidelity yestada and it is not looking too eye catching in comparison to its peers. NOnetheless i have a few holdings i bought at 6 naira and i am HOLDING (jus might buy a few units of the offer too).
Ashaka still has a lot of value. The question now is price. i am carefully watching it too. You can enter now but it is a value stock so you must have at least 1 15-24 months time span i.e. its not the favourite presently.
My best stocks: Try this--Bought prestige insurance a few years ago at 20k, this year its been ranging around N7.5. There is no substitute for long term. This was a pure fluke tho. NO analysis.
|
|
|
|
|
|
hola2ng (m)
|
@diva4eva
How soon for Bonus shares to be credited to CSCS account?
It depends really on the company. Can't really say.
@Temmie10
Flukes abound in the market all the time. I mean you win some you lose some. The major thing is to know how to cut your losses and move on. Diversification of investments should never be overlooked.
@Jinworm
Brokers-A transaction on a stock exchange must be made between two members of the exchange — a typical person may not walk into the Nigerian Stock Exchange (for example), and ask to trade stock. Such an exchange must be done through a broker. So a broker is a go between. Before one can trade in stocks, one needs the services of a stockbroker.
Open and Close Price-Hundreds of stocks get traded upon daily. At the start of trading, there's an open price(for example:yesterday 7up opened at N48.00, and closed at N50.40). Prices of stocks fluctuate as they are being traded upon and the closing price for a day is not always the opening price for the next day.
In financial markets, stock is the capital raised by a corporation or joint-stock company through the issuance and distribution of shares. A person or organization which holds at least a partial share of stocks is called a shareholder.
|
|
|
|
|
|
kabirat (f)
|
Greetings to all! I am a beginner in this ramification and would like your advices on which stock i can invest in, either primary or secondary market. Thank you for your contributions. Peace |
|
|
|
|
|
ebos (m)
|
@kabirat, I repeat, just bought first Bank Shares despite that it has closed. They are returning it now. I have a friend who is Stock Broker. N100,000 will give 3,020 shares at N33.00 per share. If you are interested just holla me and I will find out from my friend if he can still sell. First Bank Shares will rise, and it's advisable to invest there.
|
|
|
|
|
|
wanaj0
|
@ Jehosaphat
We are all learning here o. Thats the purpose of this forum afterall.
i think the choices you are making will definitely make you richer.
Fidelity is not clear cut. For one thing, it is more expensive than Access. It will only be justified if they can expand faster which is very possible. i saw the investment ratios for fidelity yestada and it is not looking too eye catching in comparison to its peers. NOnetheless i have a few holdings i bought at 6 naira and i am HOLDING (jus might buy a few units of the offer too).
Ashaka still has a lot of value. The question now is price. i am carefully watching it too. You can enter now but it is a value stock so you must have at least 1 15-24 months time span i.e. its not the favourite presently.
My best stocks: Try this--Bought prestige insurance a few years ago at 20k, this year its been ranging around N7.5. There is no substitute for long term. This was a pure fluke tho. NO analysis.
we are in a bull run so people can ride the tide and throw fundamentals to the wind. If not, fidelity will not be on my buy list. On Ashaka, Ashaka is doing like a badly managed company. Huge cash reserves but no expansion plan. They are really a small cement company producing less than 1m tonnes. They've grown turnover based on increase in price. With Obajana and BCC entering Ashaka's catchment area then things will become a lot more difficult! WAPCO currently has more value. For risk takers, go for Ashaka. On Dangote flour, sorry Flour Mills is the leader in that sector. Competition in the flour business is huge. So I don't expect it to be a success like DSR. Even then, DSR has only returned about 120% since November. If you bought Oceanic then on the floor, you will be talking about a better return. There is a lot of hype around teh Dangote business BCC and NAHCO are stocks that have done extrordinarily well in recent times. Both have returned over 1,000% in the past 24 months! Until you see the prospectus, you cannot say whether any PO is a good buy or not. One major advantage of a PO is the opportunity to BUY large units in good companies. Also, you don't pay the transaction charges. |
|
|
|
|
|
dearstan (m)
|
can anyone here tell me why intercontinental bank is yet to send out certificates for its last ipo? Also can i know when oceanic, first bank would also send out their certificates. And i would also like to know the current value of GTbanks GDR on the london stock exchange. i felt it was a rip-off, because it was sold at $12.75 and i heard it was listed on the market as $11.20. can someone pls confirm that,
|
|
|
|
|
|
shigidi (m)
|
@ wanajo, havent seen u on the stockmarket naija forum in a while!!! would u rather get japaul now on the floor or wait for the p.o., i expect a bull run once the suspension is lifted.
|
|
|
|
|
|
stanchuks (m)
|
I just bought first Bank Shares despite that it has closed. They are returning it now. I have a friend who is Stock Broker. N100,000 will give 3,020 shares at N33.00 per share. If you are interested just holla me and I will find out from my friend if he can still sell. First Bank Shares will rise, and it's advisable to invest there.
Sir could i know how to get in touch with you about this i actually just sent you a mail now |
|
|
|
|
|
swiftycool (m)
|
Hi everyone, ill like to start trading on my stocks. i have been buying mostly IPOs in very large quantities
in mostly outstanding companies which have been doing well till date since the past 3 years
but i havent gotten most of my certificates yet, Pls help me out with this questions
1. If i employ a broker can he help me retrieve these certs from ipos
2. what are the requirements i need to meet to employ a broker.
3 Can i recieve dividends even when i havnt a stock broker
4.Which is better to trade in generally, the secondry, or primary market and why
5. what is technical suspension
Hope 2 hear 4rm u guys soon.
|
|
|
|
|
|
mcfranc (m)
|
penny stocks
Can anybody tell me which penny stock that is worth investing in?
|
|
|
|
|
|
cutebabe
|
please somebody shld give me an insight on this stock market
of a thing. i need an explicit explanation. i often c it on
papers but cannot comprehend a damn thing about.
some of the terms are brokers,opening @, closes @, and what hav u.
please somebody should assist.
@jinworm; am with you to. Would b more than grateful if anyone could please enlighten us "jjc" about it.
@jinworm and chiegemba TRY READING GOING THROUGH THIS THREAD FROM START TO FINISH I AM SURE EVERYTHING YOU NEED TO KNOW IS ALREADY ON THERE, INFACT YOU CAN BECOME A GURU JUST BY DOING THAT |
|
|
|
|
|
nossycheek (f)
|
from ebos I just bought first Bank Shares despite that it has closed. They are returning it now. I have a friend who is Stock Broker. N100,000 will give 3,020 shares at N33.00 per share. If you are interested just holla me and I will find out from my friend if he can still sell. First Bank Shares will rise, and it's advisable to invest there. How is this possible |
|
|
|
|
|
nossycheek (f)
|
NBA Yes through cross trading. I bought a few before the technical suspension for the same speculative reason. My broker doesn't seem to be able to get me shares when they are on technical suspension. Should I try another broker? |
|
|
|
|
|
ebos (m)
|
from ebos
How is this possible
You know, I'm not a Broker but I know everything about Share, the dealers like Bull, Bear and Stag, and that is all I know and nothing more. My friend is a Broker and a close Brother of mine works in the Stock Exchange. This my friend called and encouraged me to buy First Bank Shares, according to him they have not returned all the forms filled by the Investors. What he did was to get a form which I filled, and I saw many other forms filled by so many Investors and were ready for returning. This was just recently, many weeks after it has been closed. I then paid my money into his account. He's a trusted friend - 99% trust I have in him. That's the possibility. |
|
|
|
|
|
![Nairaland [Nigerian Forum] Home](http://www.nairaland.com/Themes/default/images/english/home.gif)
Author
