Stock Market Tips For Nigerians

@ guys, i spoke to my stockbroker on fone yesterday. I was going to buy a share worth about 50K naira, and he told me that i'll need to sign something. WHich means that i cant do it over the telephone or something.

Does anyone knows any stockbroker that i can actually register with, and i can actually ring up/send email to at anytime to trade shares for me?.

pls could anybody recommend that i invest in Eternal OIl and gas???

do u foresee them appreciating in value?

pls i will appreciate your comments on this??

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thanks omoba, i have contacted them. Doing the necessary details in progress

_{there's nothing to be concerned about, its nigeria the abnormal always seem normal} 

To every one , Hurray U.B.A  Hybrid offer  will be out this thursday good news to those eagerly waiting to buy from a good offer!!!

where did you get that info from?

any links

well gbenga what exactly do u mean ,i just want to know if i should be concerned ,would give more details with your reply .

i have not yet said that they cant be trusted ,cos i dont have no proves ,i have also confirmed from some experienced people that sometimes some shares might be a little scarce ,like from 1 days to 3 weeks b4 u could be able to get them,and when that becomes the case then there is no guarantee that you would get it at a particular price or do u think that the shares u want to buy at 25 naira would always be waiting for u at that rate even if it takes 48hrs .
    well am new to the stocks thing ,am sure i might make some mistakes b4 i come to learn it well,cos am damn serious to get as much info as i can and improve on it .

@ egoldman
join me on yahoo msgr

@gbengaijot
There's really no cause for alarm.
The stock market is basically about demand and supplier. 
First Bank is scarce in the market because it is on bid, that is the demand is greater than the supply. This is due to the stocks status as a leader in the banking sector and the fact that their year end is around the corner. However it is expected that they will soon come out with a rights issue and so anyone that cant buy then  can buy through the rights issue.

Oceanic Bank’s public offer begins on Monday

In realisation of its vision of becoming the most dominant financial institution in Nigeria, the board and management of Oceanic Bank International Plc. has finalized arrangements to offer a total of 3.4 billion ordinary shares of 50 kobo each to investors at N16.50 kobo per share.


The offer, which is being offered at a discount rate of N3.03 kobo per share, is expected to fetch the bank a total of N55.4 billion, pushing the bank’s shareholders fund to the threshold of N100 billion.


The public offer, according to the bank, is being undertaken to give investors opportunity of being part of the bank, increase its capital base and also increase its branch network locally and offshore.


The funds accruable from the offer would enable the bank invest heavily on information technology and also be used as a working capital.


UBA Global Markets and FBN Capital are the lead issuing houses to the offer.


While assuring investors of a bumper returns on their investment in the bank, the bank’s Chief Executive, Dr. (Mrs.) Cecilia Ibru, projected a profit of N18.9 billion for the bank in 2007, N24.9 billion in 2008 and N28.6 billion in 2009.


The bank also projected a dividend of 56 kobo in 2007, 58 kobo in 2008 and 67 kobo in 2009.


Capital market analysts are of the view that since the bank went to the capital market in 2004 to raise funds, the bank’s story and that of its investors have changed for good.


Aside an enhanced financial performance that made it close 2006 as the fourth most profitable financial institution and the fifth largest bank in Nigeria, the bank’s high rate of returns on investment has been tremendous.



http://www.tribune.com.ng/27022007/news/news14.html

hi, everyone,
please why is uba shares , so high. is it worth investing into. thanks

also does anyone know anything about kakawa guaranteed income fund, being managed by 6 banks,1st bank(been highest shareholder)
u can check there website at www.kakawa.com,
is it a wise choice to invest in there ipo, which is going for 1 naira per share, minimum of 50,000units.
is it worth investing into,or should i dabble elsewhere,.
pls all u pros, shld input on  this.thaks again in return

thanks egoldman, the site looks re-assuring and the prospectus, seems like it would be wise to invest and grow with the company and see where they are heading, what about the uba shares,are they a good buy and what do they mean by hybrid shares.
also oceanic will soon sell there own shares, i think there's makes much sense.

Hello guys , i just bought 4,000 shares of First bank and i now read from here  http://www.businessdayonline.com/?c=132&a=11604 that they are about to go to the capital market to  raise 100 billion naira ,now what would this mean to those of us that have shares of first bank ,it seems that the price of their stocks might go down considerably as they would be offering it at discount to the capital market ,i could be wrong on this and would like someone to comment on it .

thanks man ,we need of things like this ,future looks bright for niger