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frankiriri (m)
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Relative to what other banking stocks are doing I still think GTB is undervalued.
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Najm (m)
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Please will somebody tell me why Intercontinental's share certs. are taking a life time to be dispatched,I want to sell mine badly.its really messing up.
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easimoni (m)
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Please is Sterling Bank Plc on technical suspension?
No. The price moved today. Hi Guys, What is happening to firstbank, it has lost about 5naira in just two days even though it's not yet bonus or dividend day?? Any ideas?  ? Profit takers and people who don't want the bonus. I'd be selling myself if I owned any.  Historically, people start selling well before the closure date. |
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Iwerebor (m)
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@dearstan,
I KNOW FIRST BANK WILL BE DISPATCHING IT SHARE CERTIFICATES BY 10/09/2007. How do you know this riffy? considering that it takes other banks almost a year to release theirs. |
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easimoni (m)
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Relative to what other banking stocks are doing I still think GTB is undervalued.
Frank, I'm not so sure. GTB's PE is now ~32 following the GDR. With a forecasted PAT growth rate ~45% (from GDR prospectus), you can caculate a forward PE of ~23 (and that's in ~Mar 08 when the FYE 2008 is released). Sure we know GTB is a solid bank but 45% PAT growth is not very inspiring.  Might be time for me to sell the one I love! |
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Omoba3 (m)
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Easimoni: Do you think there's any possibility that this GDR thing will turn out positive in the near future? I've got a small amount (700k) tied up in, unlike you big boys. I really don't know how to approach this GDR element.
Any help welcome.
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yodiyokun (f)
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Is there any site that has the financial reports of some this banks like First bank. I couldnt find the latest Financial statement on first bank site.
I noticed their share price is currently lower compared to this time last year!.
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slaykay07
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Easimoni, why do you think people would be selling before the bonus or dividend day, knowing Nigerians we love anything BONUS OR FREE, Maybe it's another factor affecting the present price of FIRSTBANK, and why did you say you'd be selling now if you had it in yr portfoilio? ? |
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emini30 (m)
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can somebody tell me about this CSCS.their website is just not opening and also NSE website.maybe am going to a wrong website.
Somebody that knows should please let me have the correct website for CSCS.
Thank you
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Naijadr (f)
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Folks dont concern yourselves too much about dividends or bonuses. The good performing companies dont usually pay dividends, infact some that do have to have higher interest rates in order to come up with funds to do so. Funny how folks only worry about when to buy, but dont set a level when they should sell. Its no a brainer, when to sell, collect your profit, and buy back at the right time. Also realize P/E ratios arent as important as Earnings per share (EPS) which u compare jointly with sales growth. Compare Jul 2007 to June 2006, not July 2007 to March 2007. Even if a stock's EPS shows growth for afew quarters, u want to check sales growth to make sure it can sustain it, if not it'll eventually collapse a few months later. @slaykay, its a no brainer folks selling know they stand to gain even more in profit if they sell now, and buy back later, forget the bonus and dividends, those are meaningless, u dont get into the stock market and expect to gain much if u depend on that. If I had any, I would have sold last week! and bought back in Oct  |
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easimoni (m)
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Easimoni: Do you think there's any possibility that this GDR thing will turn out positive in the near future? I've got a small amount (700k) tied up in, unlike you big boys. I really don't know how to approach this GDR element.
Any help welcome.
It very well could. The (only?) upside is if they manage to convert the extra funds into earnings faster than anticipated (in the prospectus). Otherwise, it's going to be a loooong wait to N40. There could also be another bull run to push Bank PEs well into the 30s but I doubt it. BTW, 700k? You're not doing too bad! Who be big boy!  |
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easimoni (m)
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Easimoni, why do you think people would be selling before the bonus or dividend day, knowing Nigerians we love anything BONUS OR FREE, Maybe it's another factor affecting the present price of FIRSTBANK, and why did you say you'd be selling now if you had it in yr portfoilio? ? I'd be selling because I don't wait for bonuses (I have a colleague still waiting for his conoil bonus from ~2yrs ago). Must be a sell-off by people who think it's peaked or don't want the bonus (some peeps have figured out bonus is not always in the stocks best interest) |
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easimoni (m)
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Is there any site that has the financial reports of some this banks like First bank. I couldnt find the latest Financial statement on first bank site.
I noticed their share price is currently lower compared to this time last year!.
Your name still makes me laugh  You are comparing the price to beofre they did the 1-for-1 "bonus" from last yr. Adjusted to last year, today's real price is ~N100. Can't help you with the financials, contact your broker (if they are any good). |
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Tmoni (m)
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at easimoni,
i am still waiting for your opinion on the sterling offer,
is it worth it or not,
i did not do any fiancials so this is solely based on SENTIMENT
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Naijadr (f)
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I think one of the mistakes people make is holding onto stocks that are going down. The same way u set your buy price, you set your sell price. I'd encourage folks to get a good book on Stock trading period before getting into the NSE. Right now even with its bullish phase, the average joe isnt really profiting much not because the opportunity doesnt exist but because they rely on their broker, some random analyst, or even this forum to tell them what they should do, such as "should I sell?"
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Temmie10 (m)
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I think one of the mistakes people make is holding onto stocks that are going down. The same way u set your buy price, you set your sell price. I'd encourage folks to get a good book on Stock trading period before getting into the NSE. Right now even with its bullish phase, the average joe isnt really profiting much not because the opportunity doesnt exist but because they rely on their broker, some random analyst, or even this forum to tell them what they should do, such as "should I sell?"
Set your Sell price? While i see your perogative, i have to disagree with you on that investing philiosophy. It does not work with all situations. IF you have bought at a good price a value stock i.e. a company whose balance sheet speaks for them and has inherent room for expansion championed by a diligent and transparent mgmt, the fact that the price goes down should not prompt you to sell just because you set a sell price. In fact for a stock with good fundamentals, a lower price should make you consider buying more units. Price can go down in the short term for many reasons ranging from rumours, sentiment to panic to market forces et al. A good stock is a good stock and the market will catch up with it in time. Do you want to sell a good stock because it has gone below your sell price even if the reason for the price drop was a baseless rumour? For short term investors however and speculators, news from variety of sources becomes very important. A company with good press will suddenly appreciate and one wih negative press will move southward. A better logic is to ask is "Why is a particular stock going down?", that can be a pointer to sell. i agree with you on the need for investor education tho. I love reading investment books and i have a lot but none answers these daily questions, thats why investors need to interact and rub heads together. |
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skylower (m)
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Pls wheres the best website for monitoring shares online?
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easimoni (m)
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@ Temmie10,
well said!
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stanchuks (m)
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@ the Gurus in particular & All
I sent a post in another topic of this forum for the sale of my Transcorp shares and got three people willing to buy, the highest was 9, i bought for 9.71 on the floor, i had agreed to sell it, then on second thought i felt i should let my broker know what i was about to do, he then ask me if i have not being listening to the news lately on transcorp
Not that i need cash now, but maybe by the end of the year i might
Based on rumor or what's in the news, my question is "WOULD IT BE RIGHT FOR ME TO SELL IT OFF NOW OR LEAVE IT FOR LATER?"
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nossycheek (f)
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I learnt CCNN rights issue is on. How can I get the form?
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nossycheek (f)
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My 620k have been lying idle with my brokers for over 3 weeks. The truth is that any good stock I demand for is not available. I don't even know the ones to buy any longer. I wanted to buy Guinea Insurance no way. FBN no way. Lasaco who sai. I beg advice me on what stocks to hold for a short time as I need to sell off before Dec and buy during the price drop in Dec and Jan
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yodiyokun (f)
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which kin broker you dey use? --- can it really be that bad
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Iwerebor (m)
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Does anyone think union bank is a good buy at this time?
will that stock do well in the near future?
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slaykay07
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Sweetmodel,
Pls this thread is basically for stocks not any other form of business or yahoozie. Na beg i dey beg ooo.
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oshkosh (m)
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@stanchuks,
TransCorp is a mid-long term stock. I believe it'll be double it's current value by the end of next year if not earlier. There is a lot going on in the company now with Sat3 (broadband, cable TV, and land lines) and MTEL. Once they start working their SAT3 asset, they'll gain some market share, as their offering will be much cheaper than existing competition.
The effort now within the company is geared towards ensuring the price does not drop too much once the suspension is lifted in about a month, so expect some mopping up of shares (perhaps with funds provided by strategic investors to be anounced soon). Even if the price dropped, it's bound to rebound. There is still a lot of money to be made in Telecoms in Nigeria. What we have is the very basic stuff, with plenty of room for service improvement and new products offerings.
So to answer your question, it depends on what you need the money for. If you're in need of cash now, then there is no argument there. If you're looking to diversify, then consider the opportunity cost of taking your money elsewhere.
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lawalidowu (m)
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I have just joined the forum so this is my first message. I bought my UBA shares since last year on an average price of 13.60. Do you think i should still hold on to the stock? Does any one forcast any major increase in the share price? kindly advise.
Also what do u forcast the price of access bank rising to?
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slaykay07
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Access bank around N25-27
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EMMAACHILE (m)
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JAPAUL OIL Interview with the Group's President click here for full story , http://www.vanguardngr.com/articles/2002/business/august07/08072007/b208072007.htmlWe have filed our application with the NSE and Securities and Exchange Commission (SEC) and we are expecting our approval soon. By God’s grace we would be coming to the market by say middle of September, 2007 if all things being equal. , Our share price has been placed on technical suspension by the NSE. We would be given a discount of about 35 per cent, not even any of the big banks have been able to give such discount considering the small market price. If an investor commits N1 million in any of the big bank and another investor commit the same N1 million in Japaul, then when you compare the capital appreciation and returns you will discover that the investor that invested in Japaul will get higher capital appreciation and returns. Japaul offer will be better than all offer that have been issued. |
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easimoni (m)
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I have just joined the forum so this is my first message. I bought my UBA shares since last year on an average price of 13.60. Do you think i should still hold on to the stock? Does any one forcast any major increase in the share price? kindly advise.
Also what do u forcast the price of access bank rising to?
UBA's additional shares from the PO will be listed any day now. That may be why people have not responded +ively to the impressive results just released. Don't see a major increase again this year, esp. since the FY may not be released till Dec. I think it's peaked and is now only a long-term play. Thing is, if you sell, what would you buy? That's my current dilemma. |
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slaykay07
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EMMACHILE, Great news on JAPAUL OIL. Thanks
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