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yodiyokun (f)
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na wa loma. That your email address almost spooked me out. Sent an email to Seun, lets see what happens. We need the picture stuff back sha. How will you post jokes and aktopgun post T.A @all we are in Polar Bear territory. This na attack time, but I no get money 
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easimoni (m)
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easimoni/pumping please respond.
Is 2,387,726,000 the number of shares you have in your books for AIICO post PO assuming no over subscription (highly impossible though) if not then please give me the right number including 25% over subscription we all expect. Thanks bro
AIICO Pre IPO 1.692B IPO 2.5B Merger 0.6377B (AIICO merged with NFI and Lamda) Total 4.830B With 25% OS Total = 5.46B shares
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grabdaloot (m)
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AIICO Pre IPO 1.692B IPO 2.5B Merger 0.6377B (AIICO merged with NFI and Lamda) Total 4.830B With 25% OS Total = 5.46B shares
Thanks a lot man
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Jide_ams (m)
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Went to African Capital Markets to meet the MD who just returned to Nigeria yesterday. MD of OMATEK is still away so that she will not be pressurised on the allottment basis.
The offer was planned to last for ONE day (she confirmed this). Thats why it was not publicised (the MD was actually curious about how I got to know). The MD of OMATEK was the one that wanted enough time hence two weeks 17th to 28th of March (factoring the public holiday that becomes like 6days).
The forms are pre numbered. Not sure what that is for. Already sent a request to the MD through e-mail for some million units but was told right there that even 1m cannot be guaranteed.
Note that only 750m units are being offered. As at the time I got there the form has reached above 360 forms (from AFRIBANK Capital markets dicounting those from OMATEK). If everyone applies for 200,000 units that is already 720m units. So no one should apply for more than 200,000 units or else expect refund money.
Was told of the plan to complete the offer fast and also refund money for oversubscription within a limited time.
Got the prospectus but it is scanty with some errors. Overall, not as fantastic as CHAMS. However, it has a growth prospect.
If you can, shell out 270k on this. It will do well. That's all I can say here.
@Wanjo, I fear for you o, i am quite intrested in this OMATEK thing, the MD happen to be my Aunty and it would be great if could throw more light into it so i could find out from her what is happening.
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samm (m)
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I was searching for the stock last year but about a month and half ago my brokers jobber gets in touch that he has about 2million units for sale
Hmm, Abeg, what is a broker's jobber?
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loma (m)
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Stockjobbers were institutions that acted as market makers in the London Stock Exchange. Prior to the "Big Bang" in 1986, every stock traded on the Exchange passed through a jobber's book, where they acted as intermediaries between stockbrokers. Immediately prior to the Big Bang, the leading jobbing firms were Akroyd & Smithers, Wedd Durlacher, Pinchin Denny, Smith Brothers, Bisgood Bishop and Charles Pulley.
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Krrush (m)
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And what's this "Big Bang" @loma?Obviously cannot be the Universe's Origin you refer to 
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loma (m)
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And what's this "Big Bang" @loma?Obviously cannot be the Universe's Origin you refer to   The phrase Big Bang, used in reference to the sudden deregulation of financial markets, was coined to describe measures including the abolition of the distinction between stockjobbers and stockbrokers on the London Stock Exchange by the United Kingdom government in 1986. This change in the rules of the London Stock Exchange occurred on 27 October 1986. Big Bang (never "the Big Bang") was so called because the abolition of fixed commission charges precipitated a complete alteration in the structure of the market. One of the biggest alterations to the market was the change from open-outcry to electronic, screen-based trading. Other reforms were enacted at the same time, and it was the aggregation of the measures plus the expected increase in market activity that led to the event being called Big Bang. See WIkipedia for more details
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windywendy (f)
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Hi all, a little digression: I was sent the employment ad below and just thought to quickly post it here (I know, I know, this is not the job section yeah, yeah  ) **disclosure: I don't work for the IMF, don't intend on working there, don't know anyone there and don't even come close to possessing the work experience this ad demands -- I guess the sender just wanted me to pass it around . . .**Here goes: http://www.imf.org/external/np/adm/rec/vacancy.htm#R08649A Director, African Department The Director of the African Department holds the top position overseeing the IMF's relations with 44 of its Sub-Saharan Africa member countries. The Director works under the overall guidance of the Managing Director and in close collaboration with other members of the IMF's top management team, and is responsible for providing strong intellectual leadership and strategic vision in planning, managing, and supervising the work of the approximately 200 staff members of the department. The Director will also be responsible for further developing the Fund's strategy in Africa. The African Department's primary functions are: to advise management and the Executive Board on matters concerning the economies and economic policies of all 44 Sub-Saharan Africa member countries; to provide macroeconomic policy advice to these countries; and to implement IMF policies with respect to these countries, aimed at promoting and preserving macroeconomic stability, and improving the conditions for sustained economic growth. Summary of Duties and Responsibilities: The African Department Director will carry out his/her responsibilities by: • Providing strong intellectual and strategic leadership on economic policy issues in the context of the IMF's link with Africa. • Keeping abreast of economic, financial, and political developments in the countries, and advising on economic policies within its area of expertise; • Conducting the Fund's business with these countries through periodic consultations with the individual member countries, the negotiation of programs involving possible access to IMF credit or loans, and the review of performance under these programs; • Playing a leading role in the formulation of IMF positions vis-à-vis these countries in such matters as the IMF's monitoring and assessment of economic developments and economic policies, and access to Fund loans; • Assessing technical assistance needs of member countries, and, in a few cases, participating directly in technical assistance projects; • Assisting member countries in the formulation of strategies for poverty reduction and economic programs supported by the Fund's Poverty Reduction and Growth Facility; • Participating in multilateral debt relief activities, particularly the enhanced Initiative for Heavily Indebted Poor Countries and the Multilateral Debt Relief Initiative; • Collaborating with the World Bank, other multilateral institutions and bilateral agencies, and regional organizations in Africa; and • Consulting with official and private creditors on the financing of economic programs and the rescheduling of external debt service of member countries. Qualifications: Applicants should have at least 15 to 20 years of extensive and strong operational and policy background in macroeconomic management. • Proven ability to provide intellectual and strategic leadership for the Fund is required. Specifically, the candidate should also have a demonstrated track record in strategic thinking, planning, organizing, delegating work, and staff management. • Substantial experience on African economic issues is highly desirable. • A strong capacity to promote change and foster close and effective cooperation with the Executive Board, management, departments, and staff is essential. • Excellent communications skills are required, and the ability to function in both English and French would be an advantage. • Strong familiarity with the work of the Fund, or of similar institutions on policy work experience and the international economic environment is required. • The successful candidate should also have a proven record as a team player and the ability to work effectively in a collegial environment. • Strong interpersonal, negotiating and influencing skills, and the ability to manage and effectively resolve a variety of organizational HR issues. To Apply: Visit the IMF website Candidates meeting the qualifications are invited to apply online by April 04, 2008. Vacancy No. R08649A
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Krrush (m)
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 The phrase Big Bang, used in reference to the sudden deregulation of financial markets, was coined to describe measures including the abolition of the distinction between stockjobbers and stockbrokers on the London Stock Exchange by the United Kingdom government in 1986. This change in the rules of the London Stock Exchange occurred on 27 October 1986. Big Bang (never "the Big Bang") was so called because the abolition of fixed commission charges precipitated a complete alteration in the structure of the market. One of the biggest alterations to the market was the change from open-outcry to electronic, screen-based trading. Other reforms were enacted at the same time, and it was the aggregation of the measures plus the expected increase in market activity that led to the event being called Big Bang. See WIkipedia for more details Open-outcry method.As seen in movies,the likes of "Trading Places"  Nigerians being effectively a loud and noisy bunch in open food markets,perhaps "open-outcry" method of trading on the floor might make for more effective trading  Especially with Agbero Broker 
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blueband (m)
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Open outcry is the name of a method of communication between professionals on a stock exchange or futures exchange which involves shouting and the use of hand signals to transfer information primarily about buy and sell orders.[1] Examples of markets which use this system in the United States are the New York Mercantile Exchange, the Chicago Mercantile Exchange, the Chicago Board of Trade, the Chicago Board Options Exchange, and the Minneapolis Grain Exchange (MGEX). In the United Kingdom, the London Metal Exchange still makes use of open outcry. The open outcry system is being replaced by electronic systems (CATS and Globex). The supporters of electronic trading claim that they are faster, cheaper, more efficient for users, and less prone to manipulation by market makers and broker/dealers. However, many traders advocate for the open outcry system on the basis that the physical contact allows traders to speculate as to a buyer/seller's motives or intentions and adjust their positions accordingl
Source:Wikipedia
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earthrealm (m)
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hello guys, seems the search tab on this forum aint working properly, am trying 2 get info on daar communications ipo, hv always viewd it as a long term stock, do u think its worth it?, i mean 4 someone who wants short tterm payoffs, in the region os 3 to 4yrs, do u think it wud hv appreciated well in that time frame? thanks
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loma (m)
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As dem no gree make we post picture, enjoy this! One afternoon an agbero stockbroker was cold calling potential CICOers about a stock and found a taker. "I think this one will really fly said the broker. It's currently only trading at N1 a share." "Buy me 1000 shares," said the client. The next day the stock had jumped to N2. The client called the broker and said, "You were right about that stock, I'd like to buy 5000 more shares." The following day the client looked in the paper and the stock had skyrocketed to N4. The client ran to the phone and called the broker, "Get me 10,000 more shares," said the client. "Wonderful!" said the broker. The following day the client looked in the paper and the stock had reached N9. Deciding to take advantage of the huge profit he had made in just a few days(on advice from Pumping to lock in some profit), the client ran to the phone and told the broker, "Sell all my shares!" The broker said, "To who? You were the only one buying that stock." One more patient for Aktopgun 
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loma (m)
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Top Ten Tips for Staying Sane in this bearish market
1. Don't panic. Enough people are doing that already; you're needed elsewhere.
2.Don't join the Panic Crowd. They are NOT having more fun, they just act that way to attract new members fold. Misery loves company.
3. Take inventory. Do you have the basic necessities? If so, you are OK. When they come to take away your television remote control, then panic.
4.Smile at your neighbor. A smile lifts everybody's spirits, but most of all your own.
5.Remember the Great Depression. It sucked, but people survived. It's amazing how many non-essentials we take for granted. Rent a movie about the 1930s, sit back, and laugh about how much better our depression is going to be.
6.Learn a new skill. In hard times, it pays to be very, very employable. And you may even be lucky enough to have two jobs. Oh, wait. That's our problem now.
7.Start saving now. Then when the bottom falls out, at least you'll have something to live on for three-and-a-half weeks.
8.Start spending now. It's folks like you, saving all your money instead of spending it, that are killing the economy.
9. Stop listening to people telling you to save or to spend. In fact, stop listening to news about the markets. It's just too depressing.
10.Ignore top ten lists. They are way too gimmicky and seldom give any truly useful information (except for this one, of course!)
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loma (m)
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Astrology of Stock Market lies in HOROR SCOPE
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Krrush (m)
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Nice one @loma  And,going by the "Greater Fool's" Theory,I guess that guy was "the Fool","the Greater Fool" and "the Greatest Fool"  As them no gree make we post picture, enjoy this! One afternoon an agbero stockbroker was cold calling potential CICOers about a stock and found a taker. "I think this one will really fly said the broker. It's currently only trading at N1 a share." "Buy me 1000 shares," said the client. The next day the stock had jumped to N2. The client called the broker and said, "You were right about that stock, I'd like to buy 5000 more shares." The following day the client looked in the paper and the stock had skyrocketed to N4. The client ran to the phone and called the broker, "Get me 10,000 more shares," said the client. "Wonderful!" said the broker. The following day the client looked in the paper and the stock had reached N9. Deciding to take advantage of the huge profit he had made in just a few days(on advice from Pumping to lock in some profit), the client ran to the phone and told the broker, "Sell all my shares!" The broker said, "To who? You were the only one buying that stock." One more patient for Aktopgun 
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Krrush (m)
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*double post,sorry*
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edwardaigb
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Please has anyone in the house received his/her returned money of baggco.
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dokun23
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@easimoni please is the result of aiico ipo out
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FatherOF2
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@all we are in Polar Bear territory.
This na attack time, but I no get money
That's usually the case for many,never any money to attack at the tail end of the bear season. I stopped serious buying since february. Everywhere just showing red high prices. Now i'm loaded and will start firing from thursday.Start watching the April banks too. General recovery will start GRADUALLY from April because there will be initial apprehension from investors seeking confirmation of this fact " ARE THE BEARS FULLY GONE ?". Once confirmed, full injection starts. @ dbenzd Like i've said before, the next time you need to look out for is about mid year (june/july), when most banks and blue chips have announced, there'll be little left, except zenith,phb,pz and a few others, after this period, do SHORT CICO's, start another realignment and take positions for some 6 and 9months. The more important one is the 9 months.You'll end the year in a blaze of GLORY.
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mishooo (m)
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FO2, nice to see you online but you are scarce these days oo.Thanks for the tips. Please contribute more as your contributions and other gurus' are invaluable. God Bless you all.
@Loma, very good work you always do. Keep it up!
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beginner
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Hippy our Nairaland is back. Father of 2 are you saving hang on to FCMB, I almost sold yesterday.
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gonyix
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@all plz house, does any1 have info/contact at bankphb regarding their share acquisition loan?
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debenzd (f)
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@ dbenzd
Like i've said before, the next time you need to look out for is about mid year (june/july), when most banks and blue chips have announced, there'll be little left, except zenith,phb,pz and a few others, after this period, do SHORT CICO's, start another realignment and take positions for some 6 and 9months. The more important one is the 9 months.You'll end the year in a blaze of GLORY.
Thanks Fof2 for your advice. PZ paid out and NBC has done well so far(just waiting for end of year). Because of the oppourtunities available now, I am about to get a facility for to invest in the following: Intercontinental ( To sell after results are annouced. Expected in June) More Zenith (To sell after results are announced. Expected in July) More Diamond( To sell after results are announced. Expected August) More FCMB(To Sell after results are announced. Expected in August) More First bank( To sell after results are announced. Expected in July) More Access(To sell after results are announced. Expected in July) Total sale from these will be moved to UBA, PHB, and any other allowable fundamental stock on their list for CICO. I want to use this portfolio for just CICO( time frame may be between 0-3mths. Any reasonable profit will be taken out and put back to the protfolio) for the next 1yr and see how it pans out. What do you think?
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gonyix
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Thanks Fof2 for your advice. PZ paid out and NBC has done well so far(just waiting for end of year). Because of the oppourtunities available now, I am about to get a facility for to invest in the following: Intercontinental ( To sell after results are annouced. Expected in June) More Zenith (To sell after results are announced. Expected in July) More Diamond( To sell after results are announced. Expected August) More FCMB(To Sell after results are announced. Expected in August) More First bank( To sell after results are announced. Expected in July) More Access(To sell after results are announced. Expected in July) Total sale from these will be moved to UBA, PHB, and any other allowable fundamental stock on their list for CICO. I want to use this portfolio for just CICO( time frame may be between 0-3mths. Any reasonable profit will be taken out and put back to the protfolio) for the next 1yr and see how it pans out. What do you think? You can reach me at this addy debenzd@yahoo.com
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gonyix
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@debenze plz xcuz my misquot could u let me know which bank/contact for your loan facility am interested in Getn one. If possible email me at solaceonyix@yahoo.comthx bro
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OpeLovely (f)
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Wouldn't mind buying some Intercontinental shares but im not so sure of Bank Phb with all their noise. Zenith has dropped and First Bank is getting interesting.
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Prince11 (m)
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@AKT : I noticed Pumpimg did'nt post yesterday, quite unusual. I hope there will be no need to start another campaign to bring him back. @Wanajo: thanks for your clarification viz Omatek, e be like say i will let that one pass, too much hazzle. @Fatherof 2: I dey count your post since you don come back, you don dey do oyinbo style, one post per day  , wetin na !!!, Seun no go ask us to dey pay per post, so abeg keep them coming, insightful as always, @ALL: I think we've seen the worst with Diamond ! those who bought the GDR thing can't drag the price below 18 or thereabout, and the volume has been very heavy recently. For medium term, it is one of my top candidate this week. any contraty opinin before I press the buy button 
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