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debenzd (f)
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@Wanajo
I think there is some market correction going on here (at least to some extent). Abi na the end of month syndrome when everybody dey pay back money?
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easimoni (m)
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To all my Ogas, guggurus and Gurus,
Wanaj0, WW,ak47 et all.
I salute , i am almost through with my punishment for being away fro the thread for such a long time.God bless you all ,keep it coming. This FCMB results looks dissapointing unless they intend to pull a rabbit out of their hats.
Barge, donde téngale estado? 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
Bid means there are more buyers than sellers; the price is likely to go up. AKA "net bid" THe opposite is to be on "offer" or "net offer". NO such thing as "on sell" |
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blueband (m)
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ABC had an accident today.I doubt if it will be able to continue it's journey to Maiduguri until sometime next week.Profit takers have set in.
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RoughCut (m)
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Barge,
donde téngale estado?Bid means there are more buyers than sellers; the price is likely to go up. AKA "net bid"
THe opposite is to be on "offer" or "net offer". NO such thing as "on sell"
The Guru Emeritus hope u dey enjoy your semi-retirement |
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RoughCut (m)
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ABC had an accident today.I doubt if it will be able to continue it's journey to Maiduguri until sometime next week.Profit takers have set in.
Accident ke? if he get accident na im be say journey don finish be that. The bus just dey take opportunity load more passengers |
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pumping777 (m)
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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 bonusthat would not be a good idea considering they have just done a PO
Costain will comfortably and without breaking sweat break the N50-mark by March/April
Go on soun
--------- You have to be careful with Costain so it does not do you an Oceanic. Shares to be listed for the PO qualify for any bonus and dividends declared for FY March 2008. Check the full prospectus on page 8 or the abridged one on page 3. It is not possible to cut and paste. This suggests that the PO shares must be listed before the FY results or at least before the closure of the register. --------- I believe that scarcity is what is driving the price of Costain right now. BTW, what result are you expecting from Costain this March that will justify the current price bearing in mind the outstanding shares that will be listed from the PO? In the prospectus it is already stated that over 1B shares will be outstanding by FY March, 2008 and they are projecting a PAT of N0.514B. Based on the current price the forward PE is already over 100. Of course by 2009, based on the project that PAT will multiply 3x this is still okay long term. However, short term, I think it will be necessary to take profit and soon. |
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pumping777 (m)
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@Wanajo
I think there is some market correction going on here (at least to some extent). Abi na the end of month syndrome when everybody dey pay back money?
This one looks more than end of month syndrome o. Wether it is a one week bear run or this will continue till next week is the only uncertainity. |
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Mr. Risky
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ABC had an accident today.I doubt if it will be able to continue it's journey to Maiduguri until sometime next week.Profit takers have set in.
No bi accident, na yellow fever stop am  Zebra crossing  |
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wanaj0
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@Wanajo
I think there is some market correction going on here (at least to some extent). Abi na the end of month syndrome when everybody dey pay back money?
Can't see any corection ooooo. Nigerian German still no wan gree!! |
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RoughCut (m)
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---------
You have to be careful with Costain so it does not do you an Oceanic.
Shares to be listed for the PO qualify for any bonus and dividends declared for FY March 2008.
This suggests that the PO shares must be listed before the FY results or at least before the closure of the register.
---------
I believe that scarcity is what is driving the price of Costain right now. BTW, what result are you expecting from Costain this March that will justify the current price bearing in mind the outstanding shares that will be listed from the PO?
In the prospectus it is already stated that over 1B shares will be outstanding by FY March, 2008 and they are projecting a PAT of N0.514B. Based on the current price the forward PE is already over 100.
Of course by 2009, based on the project that PAT will multiply 3x this is still okay long term. However, short term, I think it will be necessary to take profit and soon.
I think it will be suicidal for them to declare a bonus if the PO shares are to be listed before FY! Dont forget they still have the proceeds from the PO which obviously they will capitalize so that will not do their balance sheet any harm at all and they can afford to give dividend which hopefully will help to sustain the share price at least till when they declare FY results. Hopefully they will put the proceeds from the offer to work after the fiscal year and we would know what impact it will make to the bottom-line. Profit taking i expect in the short-term but going forward its looking good in the medium-long term That's my prognosis sha like the medics would say |
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pumping777 (m)
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Can't see any corection ooooo. Nigerian German still no wan gree!!
Well, you know stocks that are reasonably priced won't be affected so much. Fundamentally Nigeria-German is still reasonbly priced. It is the over bloated stocks that are taking a beating across board. Even the sentimental stocks like Japaul CI Leasing dey hear when!! |
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wanaj0
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Well, you know stocks that are reasonably priced won't be affected so much. Fundamentally Nigeria-German is still reasonbly priced.
It is the over bloated stocks that are taking a beating across board. Even the sentimental stocks like Japaul CI Leasing dey hear when!!
There are gains and losses so nothing major here. NGC, BOC, OandO etc had gains while Chellarams, M&B had losses. Quite normal in the capital market! Correction will happen after release of result. Watch and see how WAPCo quickly rest!!! |
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cheexy (f)
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@all,
How available is skye shelter fund. I bot during the offer but i want to ZIZO a little before my certificate comes out.
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pumping777 (m)
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There are gains and losses so nothing major here. NGC, BOC, OandO etc had gains while Chellarams, M&B had losses. Quite normal in the capital market!
Correction will happen after release of result. Watch and see how WAPCo quickly rest!!!
I'm not talking about just today. I'm talking about all week. Many stocks have lost significantly within a single week than has happened this year so far. For there to be a correction, all stocks will not have to lose value. Some stocks will still increase in price. A stock like OandO has a driver at the moment so nothing surprising there. As an example, just for today, only 4 banks gained marginally. All others lost or remained the same. All the major bank stocks have been on a losing streak all week. Not just today. |
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windywendy (f)
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chei, looks like ABC took a hit today. Didn't see that comin' . I guess tis going to be a case of waiting for the dreaded profit takers then before the journey continues. |
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tajmao
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please does anyone know the minimum for daar comm ipo? i hear its a good buy  |
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hispy99 (m)
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please does anyone know the minimum for daar comm ipo? i hear its a good buy 1,000 shares |
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aktopgun (m)
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seems like a different price list has come out on nigerian securities. they have it that longman lost 5% today but cashcraft records it as gaining 5%
who can confirm the "real prices". i am inclined to believe nigeriansec because of my experience and my conversations with them
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windywendy (f)
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seems like a different price list has come out on nigerian securities. they have it that longman lost 5% today but cashcraft records it as gaining 5%
who can confirm the "real prices". i am inclined to believe nigeriansec because of my experience and my conversations with them
try zenithsecurities. http://www.zenithbank.com/pricelist.cfm |
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aktopgun (m)
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thanks wendy
it confirms nigeriansec.com's prices. cool
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windywendy (f)
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looks like deap capital is on suspension. Any idea when they'll be doing their PO?
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aktopgun (m)
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na wa o. this NSE sef! anyway, nigsec say their software scans the nse database about 4hrs after the market closes for the last record of prices. lets see if they change theirs. sheer incompetence! |
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aktopgun (m)
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ehen. please o. the fellas who bought ccnn, its showing signs of slowing down. consider this a heads up! |
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damoche07 (m)
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@Barge.welcome back from your self declared vacation.Good to see you. Good to see that the those caught in the frenzy of CICO has discovered its not that easy.People like FO2 and Windy have the experience,finesse and patience most newbies don't.The wanajo/easimoni technique is still da best. Back to Transcorp please because i have some interest in that company.Infact, i want to enter the board one day.Ready to fight it out with Samstone.   I have always loved the idea behind company because i know what Temasek did/and still doing in Singapore. Now that our seeminly ever confused president has agreed-after listening to Ndidi/Iseghogi's presentation to give MTEL back to Transcorp,what do you think? Anybody out there with info on what Transcorp really wants to do?Nairaland is too rich with info. |
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grabdbull
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AKTop gboa! No mind me, my brother. I be Marketer, so I no dey too dey online like that. Thanks for your response. How Tobe? I hope He's doing better now. I need to put some kind N500,000 inside market for a "2 week" CICO and I don late for madam Wendy N6 prediction for First Aluminium (kai, see as I miss train  ) Madam Wendy, You too much. If You go get my time, Wetin make I buy for Friday; all Cavaet observed. |
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SavvyLanre
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Guys - i am currently doing a research. Please from your perspective, recommend brokers good for CiCo.
Meanwhile, i have asked and would ask again - Does anyone know the right CSCS No. to fill on the form to get your shares directly to CSCS following a PO. (Alphanumeric or Numeric?)
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pumping777 (m)
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Guys - i am currently doing a research. Please from your perspective, recommend brokers good for CiCo.
Meanwhile, i have asked and would ask again - Does anyone know the right CSCS No. to fill on the form to get your shares directly to CSCS following a PO. (Alphanumeric or Numeric?)
Alphanumeric. |
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tufe (m)
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@all
Please, who has received their Dangote flour mills share certificate?
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SavvyLanre
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Alphanumeric.
No vex o. But, was that the one you entered on Dangote Flour as well. I think you mentioned yours was credited to your account. |
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windywendy (f)
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AKTop gboa! No mind me, my brother. I be Marketer, so I no dey too dey online like that. Thanks for your response. How Tobe? I hope He's doing better now. I need to put some kind N500,000 inside market for a "2 week" CICO and I don late for madam Wendy N6 prediction for First Aluminium (kai, see as I miss train ) Madam Wendy, You too much. If You go get my time, Wetin make I buy for Friday; all Cavaet observed. Quick CICO? Footware. Risky but worth it (my opinion). I got in today. All caveats apply as usual. |
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