Stock Market Tips For Nigerians

windy

what do u suggest i buy???
i know its OYO for me: caveat emptor abi wetin u people they call am.

chei, your oga be "batty man" 

Oya quick, quick, make you log off go sleep. Me sef go soon waka commot.

That is what I will do. I don't see this stock going anywhere soon. Remember that there are still shares to be listed from the PO. Imagine what will happen at that stage.

It's hard to take a loss when trading stocks but sometimes it saves you money at the end of the day.

Look at it for another one or two weeks and see what you can make of the price trend.

It's hard to pick a stock these days. People are shying away from safe stocks like Fidelity and chasing the money doublers  . Most "good" stocks on the NSE will not give short term fantastic returns.

For the ones that will, no one knows when the bulls will decide to rest and drink some water. Who knows, they could be very thirsty and drink for a long time.

@ Crazy T

I see you have read some of my postings?
You forgot the one where I asked you to reduce your holding in Fidelity from 40% of your portfolio.
High volume, high potential gain but also high potential loss.
Still think 40% of your portfolio in one stock is too aggressive.
Even for young Turks like us - as we used to say on the streets of Paris 1968.

@ Pumping

Think it was Otedola that bought AP not Dangote.
Understand that Dangote is buying Chevron or vying for it.

@Wanajo
 Re: UAC Properties
How can debt be cheaper than raising equity in today's Nigeria? As far as I know interest is usually about 20%.
Surely not cheaper than rights issue even if less expensive than POs.

Samstone4

@pumping,
 Heavy man! please is it still fine to enter agleventis, scoa, and dunlop at today's price?? and whats your take on skye. doesnt seem bad to me though, even  though AM NOT A GURU  like you.   i see you online, so hopefully i will get a snap response from you. thanx.
am still reeling, from Dangote flour. i had about 80% of my money returned to me, plus a paltry 2% interest after holding up my money hostage for all of 7months. yeye people. well, i hav vowed never to go within 100 mile radius of PO/IPOs . its all one big SCAMmy SHAM!

@ Windy

Thank you for backing my campaign.
We will win at the Court of Appeal and even at the supreme court as well.

Samstone4 for chairman of Transcorp and now of UAC too!
What about Dangote Group? Maybe I'll leave this one. Knew him when he was starting out in Surulere in the ole days. When we were still ultra focused on acada.

The rights issue will not dilute UAC holding only if they take up all their rights. The interest of the company may justify their reducing their percentage of the company allowing other investors to raise their shares. About 2 - 3 years ago there was talk of a hybrid offer but before you could say "dictatorship" it disappeared from the horizon like an armed robber fleeing the scene of a crime - like we used to say when fighting fire for fire in MOPOL.

Samstone4

@loma
great job on that pictorial

@risky
Do you have online mandate?

ANOTHER QUICK QUESTION

Would it be better to buy Japaul now at its current price or wait it out until PO buyers recieve their certificates and sell off?

Oga Wanaj0, I know say you go dey busy this morning but I jus wan ask you quick question.

Caveat emptor observed.Do you think Vitafoam at the current price would be a good buy, I noticed that I made most of my money last year from long term stocks so I believe that is what works best for me.

I am thinking of cutting short my loses with UAC-Prop (down 10% already) and getting into Ikeja hotels and Vitafoam. abeg wetin be your take?

Would it be better to buy Japaul now at its current price or wait it out until PO buyers recieve their certificates and sell off?

I'm thinkin of selling my UACP, and Firstbank (PO) today in order to get in on the train of the following.

ikejahotel
linkassure
japaul
lasaco

Abeg you get any objections? I would appreciate your reply

Looks like you have only some of the facts and not the complete picture!

I would refer you to the post by me sometime last year i had a very long discussion about this with wanaj0 and you can read it here

http://www.nairaland.com/nigeria?topic=31554.msg1661253#msg1661253

The facts from that post are that FCMB will be spending N12.5B  to acquire CSL that represents about 17% of the proceeds from the PO. The fact again is CSL is expected to generate N1.5B by 2010 which i think is what you made reference to and that represents about 5% of the attributable income to FCMB. The issue i had with the transaction was that FCMB did not need to spend N12.5B on CSL they only need to capitalize it to the tune of N1B to satisfy regulatory requirements

CSL on its own i estimated the netweorth of at around N275M and annualized PAT at around N925M. By the way this was from a report compiled  by another fund manager based in  UK.

So as far as i'm concerned that deal does not make sense financially so that's what put me off that stock and that is not saying FCMB is not a good company to invest in.
Sometimes you need to look under the bonnet so you have all the facts at hands before making your investment decision.

I can tell you now you are not going to see anything spectacular FYE!

Although i know  that Otunba Subomi owns CSL and is the founder of FCMB and Ladi is his son and the MD/CEO of FCMB but you need to separate sentiments from

hard-nosed business decisions sometimes!

Thanks for your reply, I really appreciate it.

Do you think there is any upside for UACP? I'm thinkin of selling today at a loss. to get into ikeja hotels.

@Nairalanders, for those who have issues with CICO, try to read Fatherof2's past threads.

He has a lot of info there.

He never buys when the stocks are expensive, he always circles out to cheaper stocks or waits till the price has dropped to levels lower than what he originally bought, when he positions for 9mths, he stays there till the end of year is over. There is no sentiment about any stock.In between he takes out only the profit to invest in other stocks. The reason being that there may still be profit to be made from such stocks.

In addition, the time frame is usually 0-3mths and anything in between. He is always willing to wait it out till he has reached his target. Oga Wanajo has mentioned this in one or two posts.


Maybe we are not doing it right or we need to learn some more. I have used some of his methods on some stocks and it has  paid off. WindyWendy is also right when she talks about picking the right stocks. I also use Aktopgun's TA and reading up more articles. I am not one to discount any method as long as in d end the dosh enters my pocket.

Ultimately though you need a superman broker who can get in and out for you when u so desire.

Each on to his own though. Different strokes for different folks.

Happy investing

@Blueband

I understand IGZAKTLI what you are saying. Used to live there about 4 years back and I witnessed part of the transformation before moving outwards to Kent. It's nice to know someone on this thread lives not too far away. drop me a mail at rotunda77 at gmail dot com if you like.

Thamesmead ? Kent ? I beg any Peckham Boys in the House ? The 2nd Nigerian Carnival in UK will be taking place soon at Burgess Park along Old Kent Road. Last year was fun. Aktopgun, guru's and guguru's you can bring your Candlesticks along.

@londoncool ,

 when is the carnival, i get enough candlesticks for night vigil.