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Ola007 (m)
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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.
When is the carnival self? |
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afamako
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@Roughcut 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! I can't lay my hands on the full prospectus anymore but I did not realise the 1.5b from csl is over 3 years. Will go back to the drawing board to re-strategize since 9 months don commot now. I no fit complain too much sha as I bought 650bags in Jan'07 at an average of 6 and 200bags at PO price. Sold 350bags at 19 to recover my costs and rest I dey ride for free. |
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RoughCut (m)
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@Roughcut
I can't lay my hands on the full prospectus anymore but I did not realise the 1.5b from csl is over 3 years.
I no fit complain too much sha as I bought 650bags in Jan'07 at an average of 6 and 200bags at PO price. Sold 350bags at 19 to recover my costs and rest I dey ride for free.
You have more than recovered your costs! |
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invisible! (m)
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@loma, you mean the interim prices?
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aktopgun (m)
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na mate. these are yesterday's prices. no mind them |
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loma (m)
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It can't be yesterday's prices. Maybe its not fully updated yet sha You can see Berger,ABC losing You can see Livestock gaining. I believe I am wide awake ke!  |
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aktopgun (m)
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It can't be yesterday's prices. You can see Berger,ABC losing You can see Livestock gaining. I believe I am wide awake ke! compare them with yesterday's prices. they are the same as far as i checked unless they have in the last 5 minutes updated the site  |
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loma (m)
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Compare Nigerian Securities and Meristem .
You can see Nascon gained today,etc
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aktopgun (m)
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even from the link u posted ioma, berger and abc arent losing. its the "today's price" column u should look at.  the nse website says market is still open |
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loma (m)
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Are we looking at the same thing? Nascon closed at 17.1 today,Berger closed at 22.19  My broker confirmed they already left the floor. Which NSE you still dey run? |
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invisible! (m)
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Confusions from the floor. There may be up to five 'official' pricelists today.
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Da Junta (m)
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Abeg, the gurus in d house. Could u furnish me with Info on good penny stocks 2 buy as of 2day. All man is rushing into insurance stocks, I want to give my broker instructions by2moro.
Please i need suggestions as to short and medium term stocks. Tanx
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AllenG
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@ Wanaj0, Pumping
Please confirm if First Bank has listed its PO shares. If not, any info as to when they will be listed? If yes, do you think the PO buyers have started selling?
Again, when is access bank going to list its PO shares.
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invisible! (m)
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@Da junta, there are no more penny stocks on the NSE, check out for Naira stocks.
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loma (m)
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We need to get some Superdelegates to broker which is the right results from the floor.
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sash_supo (m)
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I beg guys, anybody sabi another site that I can create a portfolio and upload my shares just like NigerianSecurities.com?
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invisible! (m)
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Naija is moving forward na! All the roads around where I live are under reconstruction, all new roads, lets start from there first.
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Da Junta (m)
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@Da junta, there are no more penny stocks on the NSE, check out for Naira stocks.
@Da junta, there are no more penny stocks on the NSE, check out for Naira stocks.
No wahala, then could u gimme clues on naira stocks then?  |
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debenzd (f)
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Sharpish
BTW:
Anybody who needs to get in touch with Oceanic registrars you can ring them on 01-815 2470 or 01-813 8623. Try the second number first. The bloke i spoke with was quite helpful and he actually gave me his mob number but don't think its a good idea to post here.
thanks for the phone numbers |
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Naijadr (f)
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For Costain folks, awon RoughCut & co, it appears that we've hit a stand still there, notice some resistance, exhausted buyers, very low vol being traded now. Folks appear to be holding on now, maybe waiting for the trigger towards release of FY results. I don't see much rapid advancement, might not hit N50 till maybe mid March, we prob bounce around the N45-48 mark for at least the next week or 2 even.
Anyone else notice Nig-German today, it finally broke past N28 again today ending at N28.66, it hasnt done that since early Jan, very small vol but the RSI looks just right, and I see it inching gradually, it might hit the all high N30 mark by Thursday. This company appears to move in spurts of every 3mths or so.
Dunlop is on the rise due to its low nominal price. thankfully I sold CILeasing after a 52% gain in 6 weeks and hoped on its train, I bought a very small quantity last week (at N5), and have gained about 9% after fees already, closed at N5.66 today. It looks poised to reach N6 by Friday as there doesnt appear to be a shortage of buyers. Today had the most # of buyers since the run 1st week of Feb. Short termers should prob try to get out before it gets to N8 because those who bought end of Jan at around N4 or below will def be cashing out.
All my opinion, and yes I have all 3.
As expected, COSTAIN drops to N43.95, due to profit taking NIG-German did as expected, has crossed the N30 mark, breaking its previous highest, ending at N30.09 Dunlop continues its rise, closing today at N5.79, looking to reach that N6 by Friday So all 3 went as expected As crazy as the NSE is, I think I'm finally learning small small from here how to predict and speculate, thanks guys fundamentalists and TAists!  cashcraft and gti have same prices The trend continues, COSTAIN closed at N44 NIG-German closed at N31.59, another high, its on the move, could be enough gas to take it to N40  Dunlop continues the rise closing at N6.07 so its crossed over the mark! |
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debenzd (f)
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For me, just use a strategy that is best suited for your personality. People follow strategies without considering their personality. If you are the type that will be disturbed with a 105 drop in your NAV don't go for CICO.
If you are the type that cannot do without checking prices every day then don't go for LONG TERM. You cannot survive watching your stocks remain dormant (no movement) for like a month!!! Thanks Wanajo. Very correct statements. |
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mastermove
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I beg gurus what does a stock being on bid mean?
how about on sell?
are these techn jargon or plain english
thanx for your replies
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RoughCut (m)
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cashcraft and gti have same prices The trend continues, COSTAIN closed at N44 NIG-German closed at N31.59, another high, its on the move, could be enough gas to take it to N40 Dunlop continues the rise closing at N5.86, with a high of N6.07, looking to hit N6 by friday There's no stopping Costain! Dont forget FY is March so we expect results around May or thereabouts so its safe to assume that the PO shares would not be listed for FY results so they have room to give dividend if they so desire. Not sure about bonus that would not be a good idea considering they have just done a POCostain will comfortably and without breaking sweat break the N50-mark by March/April Go on soun |
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