Stock Market Tips For Nigerians

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Author Topic: Stock Market Tips For Nigerians  (Read 434192 views)
windywendy (f)
Re: Stock Market Tips For Nigerians
« #18368 on: February 29, 2008, 03:11 PM »

Quote from: RoughCut on February 29, 2008, 03:08 PM
If your name is not on the register as a  shareholder by the closure date you can kiss the rights GOODBYE. So go and check again the date on your contract note!

awww, and you had to go spoil blueband's day . . . thou wickedish one  Sad
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #18369 on: February 29, 2008, 03:11 PM »

Is Nascon's result out?
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #18370 on: February 29, 2008, 03:12 PM »

Quote from: windywendy on February 29, 2008, 03:09 PM
@aktopgun, I have a question for you: did you know a group called exousia while you were at medilag?

hmmmm. sounds like a music group or fellowship. can't say i recollect them.
i was a member of TC briefly myself until the "devil tried to sift me as wheat" but baba won in the end. Grin Grin. And thank God he did!!
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #18371 on: February 29, 2008, 03:13 PM »

Quote from: pumping777 on February 29, 2008, 03:11 PM
Is Nascon's result out?

Not that i've but it should be due anytime
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #18372 on: February 29, 2008, 03:14 PM »

Quote from: RoughCut on February 29, 2008, 03:09 PM
They are in pole-position for an inverse bonus! Grin Grin Grin Grin

The high relative nominal price will be a cause of worry to me especially since they may still have maybe close to 10B shares outstanding.


MyPeace (f)
Re: Stock Market Tips For Nigerians
« #18373 on: February 29, 2008, 03:14 PM »

easmoni, thx alot

l was asking because l bought Global bank PO in 2004 merged with them and have never received any bonus share ever since.  Did l qualify for that bonus since l bought from Global bank before the convert?
Naijadr (f)
Re: Stock Market Tips For Nigerians
« #18374 on: February 29, 2008, 03:14 PM »

Quote
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.
Quote
Quote from: Naijadr on February 27, 2008, 02:08 PM
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!
Quote from: Naijadr on February 28, 2008, 02:32 PM
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 Shocked
Dunlop continues the rise closing at N6.07 so its crossed over the mark!

The cycle continues
COSTAIN closes at N46.20
DUNLOP at N6.12
NIG-German at N30.03
I expect the trend to continue next week, all 3 will have a bullish monday but Costain will maintain same range rest of the week, there is still enough sentiment to push Dunlop to N7 and NIG-German (I'm not quite sure whats pushing the price up since vol is normal) so it might just hover between N28-N32 for next week, unless there is a rumour I'm unaware of.

@RoughCut thanks, I thought about that, prob best for me to wait for a min, want short term, my long term is already full, UBA o  Undecided
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #18375 on: February 29, 2008, 03:15 PM »

Quote from: aktopgun on February 29, 2008, 03:13 PM
Not that i've but it should be due anytime

Ok. If they release Q-3 results maybe. Last year the Full Year result did not come out till August.
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #18376 on: February 29, 2008, 03:17 PM »

Quote from: windywendy on February 29, 2008, 03:11 PM
awww, and you had to go spoil blueband's day . . . thou wickedish one  Sad

Wickedish ke? The milk or is it blood of human kindness is flowing through every vein in my body Grin Grin Grin Grin Grin
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #18377 on: February 29, 2008, 03:17 PM »

Quote from: aktopgun on February 28, 2008, 05:42 PM
i can talk now that my trade alert has come. i fear u fellas.

windy, i bought NASCON today.  Wink. i calculate from my analysis yesterday that it has bottomed out and i hit it today. i think it is close enough to its support price for me to join the party.  Grin  Grin

i posted that yesterday because i felt it may have turned the corner 2 days ago when i saw the pattern. its still not green yet but things are looking up and i expect the gist about upcoming results wont do it any harm  Grin Grin
koksieboy (m)
Re: Stock Market Tips For Nigerians
« #18378 on: February 29, 2008, 03:17 PM »

Quote from: windywendy on February 29, 2008, 03:09 PM
@aktopgun, I have a question for you: did you know a group called exousia while you were at medilag?

WW,

If I may,  the Exousia group I know was in U.I/UCH.
windywendy (f)
Re: Stock Market Tips For Nigerians
« #18379 on: February 29, 2008, 03:20 PM »

Quote from: koksieboy on February 29, 2008, 03:17 PM
WW,

If I may, the Exousia group I know was in UI/UCH.

Yes, yes they were. I used to be heavily involved in organizing several campus programs in which they would perform and oftentimes I would perform with them. We used medilag alot for practice during those infamous ASUU strikes. That's the reason I was asking aktopgun if he recognized them from medilag.
koksieboy (m)
Re: Stock Market Tips For Nigerians
« #18380 on: February 29, 2008, 03:22 PM »

Quote from: windywendy on February 29, 2008, 03:20 PM
Yes, yes they were. I used to be heavily involved in organizing several campus programs in which they would perform and oftentimes I would perform with them. We used medilag alot for practice during those infamous ASUU strikes. That's the reason I was asking aktopgun if he recognized them from medilag.

Does that imply u finished from U.I?
blueband (m)
Re: Stock Market Tips For Nigerians
« #18381 on: February 29, 2008, 03:23 PM »

Roughcut,
We are talking about 2 different things.Don't worry my name will make it for the rights offer.Just spoke to my broker who confirmed it.The Feb12th date  was for the issuance of Bonus shares and dividends and has nothing to do with their public offer. Tongue
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #18382 on: February 29, 2008, 03:23 PM »

Quote from: pumping777 on February 29, 2008, 03:14 PM
The high relative nominal price will be a cause of worry to me especially since they may still have maybe close to 10B shares outstanding.




I think they should be able to live with high nominal price and 10B outstanding shares supported with luvly-jubbly results though. With the level of profits they generating now with 16B outstanding shares the fundamentals will be shot to pieces. As long as they placate us with reasonable dividends and may be bonus isuues once in about 4 years i don't think anyone will complain. Just that no more RO-RO for this one!

The high nominal price of Nestle doesnt seem to have impacted the stock adversely and OandOalthough we know say that one get oil after him name Grin Grin Grin Grin Grin Grin
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #18383 on: February 29, 2008, 03:24 PM »

Quote from: blueband on February 29, 2008, 03:23 PM
Roughcut,
We are talking about 2 different things.Don't worry my name will make it for the rights offer.Just spoke to my broker who confirmed it.The Feb12th date  was for the issuance of Bonus shares and dividends and has nothing to do with their public offer. Tongue

Problem solved
windywendy (f)
Re: Stock Market Tips For Nigerians
« #18384 on: February 29, 2008, 03:25 PM »

Quote from: koksieboy on February 29, 2008, 03:22 PM
Does that imply u finished from UI?

Chei see question   Shocked Shocked Windywendy shall remain anonymous-ish and therefore pleads the 5th ammendment on this one  Grin
rasputinn (m)
Re: Stock Market Tips For Nigerians
« #18385 on: February 29, 2008, 03:29 PM »

wanaj0 & Fof2 where art thousthou
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #18386 on: February 29, 2008, 03:29 PM »

Quote from: RoughCut on February 29, 2008, 03:23 PM
I think they should be able to live with high nominal price and 10B outstanding shares supported with luvly-jubly results though. If they are generating the level of profits they are the fundamentals will be shot to pieces with 16b outstanding shares. As long as they placate us withreasonable dividends and may be bonus isuues once in about 4 years i don't think anyone will complain. Just that no more RO-RO for this one!

The high nominal price of Nestle doesnt seem to have impacted the stock adversely and OandOalthough we know say that one get oil after him name Grin Grin Grin Grin Grin Grin

I won't compare with Nestle or Oando or AP because these guys have relatively few shares outstanding. None even has up to a billion shares outstanding.

If Intercontinental doubles PAT right now, the forward PE will just be about the same with that of UBA and Oceanic.

Dividends are not doing anything for this high cap companies right now but maybe things will change. See NB with declaring a divindend of 195k and buyers are not moved.

Bonus will definitely do the trick but like you said this will require some waiting for.
koksieboy (m)
Re: Stock Market Tips For Nigerians
« #18387 on: February 29, 2008, 03:30 PM »

Quote from: windywendy on February 29, 2008, 03:25 PM
Chei see question   Shocked Shocked Windywendy shall remain anonymous-ish and therefore pleads the 5th ammendment on this one  Grin

Your response is okish Grin
Mr. Risky
Re: Stock Market Tips For Nigerians
« #18388 on: February 29, 2008, 03:31 PM »

Quote from: aktopgun on February 29, 2008, 01:45 PM
on intercontinental, u are quite correct on the figures. as usual, one side of nse site says one thing from the other.

on universal insurance, make fellas begin book their clinic appointments now to avoid long waiting lists  Grin Grin Grin. i will probably send the over flow to blueband, abi bluband how u take see am?

i just don't get it! please could someone explain to me why universal should be doing a few million units shy of 1b traded? am i becoming thick or something?don't answer that part Cheesy  Cheesy Cheesy Cheesy

AKT, my man, you are missing something.  Some would prefer traditional to orthodox psychiatry Grin Grin
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #18389 on: February 29, 2008, 03:31 PM »

Quote from: pumping777 on February 29, 2008, 03:29 PM
I won't compare with Nestle or Oando or AP because these guys have relatively few shares outstanding. None even has up to a billion shares outstanding.

If Intercontinental doubles PAT right now, the forward PE will just be about the same with that of UBA and Oceanic.

Dividends are not doing anything for this high cap companies right now but maybe things will change. See NB with declaring a divindend of 195k and buyers are not moved.

Bonus will definitely do the trick but like you said this will require some waiting for.

You and i know that ain't gon happen!
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #18390 on: February 29, 2008, 03:34 PM »

Quote from: RoughCut on February 29, 2008, 03:31 PM
You and i know that ain't gon happen!

Exactly. Which is why I think having a higher nominal price than this "cheaper" banks won't do it any favours  Grin
aktopgun (m)
Re: Stock Market Tips For Nigerians
« #18391 on: February 29, 2008, 03:35 PM »

Quote from: Mr. Risky on February 29, 2008, 03:31 PM
AKT, my man, you are missing something.  Some would prefer traditional to orthodox psychiatry Grin Grin

tru talk. ther's always the option of the baba under the mango tree in igbo irumole   Cheesy Cheesy Cheesy

i personally prefer G.O.D myself
RoughCut (m)
Re: Stock Market Tips For Nigerians
« #18392 on: February 29, 2008, 03:36 PM »

Quote from: pumping777 on February 29, 2008, 03:34 PM
Exactly. Which is why I think having a higher nominal price than this "cheaper" banks won't do it any favours Grin

So they are caught between the proverbial rock  and the hard place!
windywendy (f)
Re: Stock Market Tips For Nigerians
« #18393 on: February 29, 2008, 03:40 PM »

Quote from: RoughCut on February 29, 2008, 03:17 PM
Wickedish ke? The milk or is it blood of human kindness is flowing through every vein in my body Grin Grin Grin Grin Grin

Wait o, speaking of milk, is the effect of the milk and valium combo that dollyp1cute took like two nights ago still taking its toll? Grin Aktopgun and blueband e be like say na rapid response squad na go send go bring dollyp back to regular posting o  Cheesy

Anyway the good news is: ABC seems set for an early turnaround -- if the prices on nigersec are anything to go by, that is. I told my broker to buy more at today's low, and I hope he did. This one wey e come be like say today na "ish" day, I hope he won't be slugg-ish  Grin Grin
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #18394 on: February 29, 2008, 03:40 PM »

Quote from: beginner on February 28, 2008, 11:03 PM
Oga Pumping na wetin I do you now. Two questions on insurance  stocks and no reply. The young shall grow.

No vex my brother. I've just tracked down your query.

This one is simple. There are some insurance stocks with good fundamentals and low relative nominal price on TS or TS bound.

Collecting some for post TS run is a good idea since they will be the first set to be TS-Proof and in the insurance sector.

Caveat Empty o.
Rhemagirl
Re: Stock Market Tips For Nigerians
« #18395 on: February 29, 2008, 03:40 PM »

Please all the Gurus in the house, do u think GTB will give a bonus and what will be the cut off date to qualify?Thank u
bigjay01 (m)
Re: Stock Market Tips For Nigerians
« #18396 on: February 29, 2008, 03:41 PM »

Anyone on the Livestock train? 24.37% (after all charges)  in 2 weeks.  The turn around story seems to be checking out.

Any attempt (or attempted attempt) to apply hydraulic, the gods are jahhhhhhhhh
windywendy (f)
Re: Stock Market Tips For Nigerians
« #18397 on: February 29, 2008, 03:45 PM »

Quote from: bigjay01 on February 29, 2008, 03:41 PM
Anyone on the Livestock train? 24.37% (after all charges)  in 2 weeks.  The turn around story seems to be checking out.

Any attempt (or attempted attempt) to apply hydraulic, the gods are jahhhhhhhhh

Yes o, I was on that train. ah aaaahhh, didn't you notice the lady that parachute-ed out shapishly like two days ago? that was me na  Cheesy. No need telling you how much loot I grabbed on the way out -- even the parachute nearly gave way  Grin Grin

Anyway, N10 looks like the point at which a lot of peeps are looking to sell, so you might want to be watchful. I'll be revisiting later.
GTay (m)
Re: Stock Market Tips For Nigerians
« #18398 on: February 29, 2008, 03:48 PM »

Now am worried  Angry
Nigerian securities reported Dunlop closed at 6.07 yesday,
Now today it says Lclose was 5.86 and closing price 6.12
Who is lying here? Sad
LondonCool (m)
Re: Stock Market Tips For Nigerians
« #18399 on: February 29, 2008, 03:50 PM »

Anyone else on board this Dunlop flight ?
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