Stock Market Tips For Nigerians

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Nairaland Forum  |  General Discussion  |  Business  |  Stocks & Investment (Moderator: FOD)  |  Stock Market Tips For Nigerians
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Author Topic: Stock Market Tips For Nigerians  (Read 415326 views)
Ebonyj (f)
Re: Stock Market Tips For Nigerians
« #23712 on: April 16, 2008, 12:30 PM »

Hi All,
Thank you for this fantastic forum. My husbadn and I have some little amount of shares from Fidelity, Sky and Dangote Floor, but the truth of the matter is that with don't know the a-z of shares and stock. I would like to invest more in it but would really appreciate it if someone can please explain  to me as a beginner- How do I calculate my profit, whenn do I sell off shares and any other information that you deem important. thanks. My email address is jaina67@hotmail.com
Thanks
carolalex1 (f)
Re: Stock Market Tips For Nigerians
« #23713 on: April 16, 2008, 12:37 PM »

A. G. LEVENTIS PLC
YEAR ENDED DECEMBER 31ST 2007
                          2007        2006
TURNOVER                  N7.237b     N7.151b
PROFIT BEFORE TAXATION    N1.039b     N706.103m
TAXATION                 (N286.754m) (N238.103m)
MINORITY INTEREST        (N91.643m)  (N73.474m)
PROFIT AFTER TAX AND
MINORITY INTEREST         N661.231m   N394.526m
PROPOSED DIVIDEND 12 KOBO
PROPOSED BONUS ISSUE 1 FOR 5
CLOSURE DATE MAY 5 TO 9TH 2008
harrisoft (m)
Re: Stock Market Tips For Nigerians
« #23714 on: April 16, 2008, 01:06 PM »

Quote from: harrisoft on April 16, 2008, 08:08 AM
FatherOf2 welcome jare, na God go pay you back.

seun don finally apologies o.

http://www, com/seun_osewa_vs_concerned_newnigerians-t789.0.html

(where you have the  (www, com) put (w w w . n e w n i g e r i a n s . c o m Embarrassed without space b/w the words)

Make we accept the apology and move on.

Once again thank you for coming back to action.

we fit talk? harrisoft (at) yahoo.com


This will do.  Cool Cool Cool
FatherOF2
Re: Stock Market Tips For Nigerians
« #23715 on: April 16, 2008, 01:22 PM »

Quote from: stocknrock on April 16, 2008, 12:11 PM
Fatherof2. I hail o!

Its been a while and most of us former nairalanders are now and naraland don become diaspora.

Abeg I'm going to be off the computer for a while and I was wondering if you could shed light on some stocks I could buy even if I wasnt near a pc.

I'm thinking of getting into skye, dangote sugar and first bank. stocks I can sleep off on. What do you think?

Abeg you get any other better recommendations for medium long term?

Nice choices,


Skye Bank ==== They've lost the opportunity to drive the price, price needs to drop well for us. Apologies to those who own it. But i want it too.

DSR===== Immediate Buy (Bought this after it was marked down)

First Bank=====Since you want Medium term. This is a good candidate.

debenzd (f)
Re: Stock Market Tips For Nigerians
« #23716 on: April 16, 2008, 01:48 PM »

FIRST ALUMINUM PLC YEAR ENDED DECEMBER 31ST 2007
                      2007         2006
TURNOVER              N8.723b      N8.6b
PROFIT/LOSS BEFORE
TAXATION             (N583.106m)   N30.895m
TAXATION              N91.522m    (N25.433m)
PROFIT LOSS AFTER
TAXATION             (N491.584m)   N5.462m

PZ CUSSIONS NIGERIA PLC

9 MONTHS UNAUDITED RESULTS FOR THE PERIOD ENDED 29-02-2008
                        2008           2007
TURNOVER                N47.441b       N38.153b
PROFIT BEFORE TAXATION  N3.916b        N3.093b
TAXATION AND MINORITY
INTEREST               (N1.497b)      (N1.179b)
PROFIT AFTER TAX AND
MINORITY INTERESTS      N2.418b        N1.914b

BOC GASES
ACCOUNT NOTIFICATION FOR THE PERIOD
ENDED 31 DECEMBER 2007
PROPOSED DIVIDEND 22K CLOSURE OF REGISTER APRIL

29TH TO MAY 02, 2008 PAYMENT DATE MAY 30TH 2008
AGM: THUR MAY 15, 2008 AT THE LAGOS
AIRPORT HOTEL IKEJA LAGOS

 
debenzd (f)
Re: Stock Market Tips For Nigerians
« #23717 on: April 16, 2008, 01:49 PM »

@fATHEROF2,

Dis na time to enter PZ? What about 7up?

FatherOF2
Re: Stock Market Tips For Nigerians
« #23718 on: April 16, 2008, 02:52 PM »

Quote from: debenzd on April 16, 2008, 01:49 PM
@fATHEROF2,

Dis na time to enter PZ? What about 7up?



Me don do my own for PZ before.

I prefer taking position in 7up if it can fall well in a few more days.
FatherOF2
Re: Stock Market Tips For Nigerians
« #23719 on: April 16, 2008, 02:55 PM »

Quote from: debenzd on April 16, 2008, 01:48 PM
FIRST ALUMINUM PLC YEAR ENDED DECEMBER 31ST 2007
 2007 2006
TURNOVER N8.723b N8.6b
PROFIT/LOSS BEFORE
TAXATION (N583.106m) N30.895m
TAXATION N91.522m (N25.433m)
PROFIT LOSS AFTER
TAXATION (N491.584m) N5.462m

PZ CUSSIONS NIGERIA PLC

9 MONTHS UNAUDITED RESULTS FOR THE PERIOD ENDED 29-02-2008
 2008 2007
TURNOVER N47.441b N38.153b
PROFIT BEFORE TAXATION N3.916b N3.093b
TAXATION AND MINORITY
INTEREST (N1.497b) (N1.179b)
PROFIT AFTER TAX AND
MINORITY INTERESTS N2.418b N1.914b

BOC GASES
ACCOUNT NOTIFICATION FOR THE PERIOD
ENDED 31 DECEMBER 2007
PROPOSED DIVIDEND 22K CLOSURE OF REGISTER APRIL

29TH TO MAY 02, 2008 PAYMENT DATE MAY 30TH 2008
AGM: THUR MAY 15, 2008 AT THE LAGOS
AIRPORT HOTEL IKEJA LAGOS

 

I've always disliked this First Alum from day 1. Kai see beta loss.
But the funny thing is that na First Alum go begin rise from tomorrow.
Temmie10 (m)
Re: Stock Market Tips For Nigerians
« #23720 on: April 16, 2008, 03:04 PM »

First alum's result was just as expected, their half year and 9 months showed that there would be LAT,
however it is a speculative stock that can make u a lot of money if u play it right, can also burn your hands if you get suckered in.
when it begins to rise, it is almost ompssible to buy, when it is on freefall, it is dangerously difficult to sell,
debenzd (f)
Re: Stock Market Tips For Nigerians
« #23721 on: April 16, 2008, 03:05 PM »

Quote from: FatherOF2 on April 16, 2008, 02:55 PM
I've always disliked this First Alum from day 1. Kai see beta loss.
But the funny thing is that na First Alum go begin rise from tomorrow.

That is what freaks me about NSE. I hope as these scary results keep showing up, people will find comfort in fundamental stocks.

But what are your thoughts on the bearish run on d market. It is quite unsual during this time.
FatherOF2
Re: Stock Market Tips For Nigerians
« #23722 on: April 16, 2008, 04:13 PM »

Quote from: debenzd on April 16, 2008, 03:05 PM
That is what freaks me about NSE. I hope as these scary results keep showing up, people will find comfort in fundamental stocks.

But what are your thoughts on the bearish run on d market. It is quite unsual during this time.

Yes you're right its quite unusual around this time. Though i normally expect issues like school fees to cause some slight depression about April. I'm yet to confirm from my broker about the authencity of this trading accounts issue being stopped by CBN,maybe some are weary.
But i see another bright side to it.Normally once we get to mid month some prices would normally begin a gradual slide till the month ends particularly those associated with massive loans.This has been the case before.Some prices are dropping to the point of taking on new levels, almost like going back to the starting block again.As the budget has finally just been passed, many payments are eagerly being awaited from all angles and many are seeking to get their hands on that money to put into the secondary market. The market is not really being over over bearish.Its more like TASTELESS to me.Many prices have a zero daily net change. Some people will say its very bearish if the stock they have is loosing. 
Just be diligent in making your selection. No go for stock when shit no dey e yansh.
stocknrock
Re: Stock Market Tips For Nigerians
« #23723 on: April 16, 2008, 04:42 PM »

Quote from: FatherOF2 on April 16, 2008, 01:22 PM
Nice choices,


Skye Bank ==== They've lost the opportunity to drive the price, price needs to drop well for us. Apologies to those who own it. But i want it too.

DSR===== Immediate Buy (Bought this after it was marked down)

First Bank=====Since you want Medium term. This is a good candidate.




Fatherof2. what happened to GTB? I thought you were a real fanatic, you no dey buy again?
s_scofield
Re: Stock Market Tips For Nigerians
« #23724 on: April 16, 2008, 04:44 PM »

Father of 2. Is it time to get off the eterna train? It gained only 0.48% today. Kindly advise Sir. Thnx
husu (m)
Re: Stock Market Tips For Nigerians
« #23725 on: April 16, 2008, 04:45 PM »

@father of two,
the 40% i made from unic and mbenefit was put into dunlop and aiico,and now iam geting my fingers burnt.any hope?
FatherOF2
Re: Stock Market Tips For Nigerians
« #23726 on: April 16, 2008, 04:47 PM »

Quote from: stocknrock on April 16, 2008, 04:42 PM

Fatherof2. what happened to GTB? I thought you were a real fanatic, you no dey buy again?

Why i go buy again at higher price when i don buy before before at lower price. We don dey near end of the road now.
You be want make i add am.
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #23727 on: April 16, 2008, 04:48 PM »

I think the market is trending down generally and this 2nd stage started last week after the bearish run of last month. I maintain an imaginary portfolio with a crosss section of NSE stocks. I use it to guage the mood of the market.

I learnt this after the bearish run of last month. Even though I exited early last month, it was not early enough. I was hit with a net loss of about 9% on the stocks I just bought that month.

This time around, I exited last week with my 17% from the stocks I bought when I exited with the 9% loss. However, I still maintain a dummy portfolio for this. If I had kept the stocks till today (and a good performer like Beta Glass is 30% of the portfolio), I will only be up only about 5% today, down from 17% just last week.

This is the time to stand back and look small. Many suppports have already been broken and may become the new resistance prices. See Afribank, Aiico, Ikeja Hotels. The prices today would have been more than juicy two months ago, but today, being careful is key.
FatherOF2
Re: Stock Market Tips For Nigerians
« #23728 on: April 16, 2008, 04:54 PM »

Quote from: pumping777 on April 16, 2008, 04:48 PM
I think the market is trending down generally and this 2nd stage started last week after the bearish run of last month. I maintain an imaginary portfolio with a crosss section of NSE stocks. I use it to guage the mood of the market.

I learnt this after the bearish run of last month. Even though I exited early last month, it was not early enough. I was hit with a net loss of about 9% on the stocks I just bought that month.

This time around, I exited last week with my 17% from the stocks I bought when I exited with the 9% loss. However, I still maintain a dummy portfolio for this. If I had kept the stocks till today (and a good performer like Beta Glass is 30% of the portfolio), I will only be up only about 5% today, down from 17% just last week.

This is the time to stand back and look small. Many suppports have already been broken and may become the new resistance prices. See Afribank, Aiico, Ikeja Hotels. The prices today would have been more than juicy two months ago, but today, being careful is key.

I agree well well.
FatherOF2
Re: Stock Market Tips For Nigerians
« #23729 on: April 16, 2008, 05:05 PM »

Quote from: s_scofield on April 16, 2008, 04:44 PM
Father of 2. Is it time to get off the eterna train? It gained only 0.48% today. Kindly advise Sir. Thnx

You know Eterna was always a short stay for me.Though i know some scared people who got trapped last time have been taking aim in the last two days.
The good thing is that it was not bidded lower than the days opening price.
FatherOF2
Re: Stock Market Tips For Nigerians
« #23730 on: April 16, 2008, 05:11 PM »

@ Captain,

  Are you still in Beta?.
s_scofield
Re: Stock Market Tips For Nigerians
« #23731 on: April 16, 2008, 05:17 PM »

FO2- Thank you sir but please if you don't mind, educate me a bit. How did you know this? - > it was not bidded lower than the days opening price.  I want to understand how to analyze this stock market trend as well. Thanks again
beginner
Re: Stock Market Tips For Nigerians
« #23732 on: April 16, 2008, 05:23 PM »

Father of 2

I am really getting scared about GTB. Why is it falling?. I just keep hoping they will not release the results in this bearish market. Very scary.
FatherOF2
Re: Stock Market Tips For Nigerians
« #23733 on: April 16, 2008, 05:32 PM »

Quote from: s_scofield on April 16, 2008, 05:17 PM
FO2- Thank you sir but please if you don't mind, educate me a bit. How did you know this? - > it was not bidded lower than the days opening price.I want to understand how to analyze this stock market trend as well. Thanks again

Check your pricelist, you'll see it closed higher than the day's low which was equal to the opening price.



husu (m)
Re: Stock Market Tips For Nigerians
« #23734 on: April 16, 2008, 05:36 PM »

i think brokers are the primary course of these bears,they create panic and sell the shares of some customers that don't have directions,just to make their comissions.my own thoughts sha.
FatherOF2
Re: Stock Market Tips For Nigerians
« #23735 on: April 16, 2008, 05:40 PM »

Quote from: beginner on April 16, 2008, 05:23 PM
Father of 2

I am really getting scared about GTB. Why is it falling?. I just keep hoping they will not release the results in this bearish market. Very scary.

BE HAPPY WEN A STOCK IS FALLING AND GOOD RESULTS ARE IMMINENT.Its beta they release it when its falling than when its too high.They know the strategy.I won't be surprised if the results are timed to come out within the next two days to coincide with a fall tomorrow and next.
If the price is too high when dey release, " Overvalued" go worry am.
cj2008
Re: Stock Market Tips For Nigerians
« #23736 on: April 16, 2008, 05:48 PM »

@ pumping any news on betaglass,70% of my portfolio dey their.
nazzyon (m)
Re: Stock Market Tips For Nigerians
« #23737 on: April 16, 2008, 07:54 PM »

@ PUMPING & FatherOF2


I have noticed BIGTREAT to have been falling for some days now. And it gained today.

What is your opinion about this?

Do you have any info about the past loss?




ayztech
Re: Stock Market Tips For Nigerians
« #23738 on: April 16, 2008, 08:51 PM »

i have never read any line on blue oil stocks here and i'll like to invest a million for 1month.please what do u think?
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #23739 on: April 16, 2008, 09:44 PM »

Quote from: cj2008 on April 16, 2008, 05:48 PM
@ pumping any news on betaglass,70% of my portfolio dey their.

That is too much load my bro. I will advice you start selling like 5% a day if you are already in the green.

The result is taking too long and folks have become impatient. I already said if the result is not out this week, I'm cashing out. I also like Fo2's theory that the results may not be released at the peak. However, if you bought at th low of N21.50 like I did, getting out is not a bad idea really.
pumping777 (m)
Re: Stock Market Tips For Nigerians
« #23740 on: April 16, 2008, 09:50 PM »

Quote from: nazzyon on April 16, 2008, 07:54 PM
@ PUMPING & FatherOF2


I have noticed BIGTREAT to have been falling for some days now. And it gained today.

What is your opinion about this?

Do you have any info about the past loss?


It would have been a good sign with the bulls but in this market reversals may not be sustained. Examples. Niwicable, ABC, UTC, Dunlop and others. Some folks abandoned selling Bigtreat because they could not sell before the price dropped too low. Another 5% or 10% may get them interested again.
Abu-Maryam (m)
Re: Stock Market Tips For Nigerians
« #23741 on: April 17, 2008, 01:29 AM »

Father of 2 and pumping
You people are helping maintaining this forum to be alive. More greese to your elbow.
Flowers
Re: Stock Market Tips For Nigerians
« #23742 on: April 17, 2008, 08:59 AM »

why is it that stockbrokers don't purchase money immediately they are instructed to. eg I told them to get oceanic at N26.44, they bought it at N29.99? Also japaul and Guaranty. Now UTC though to my advantage because they are yet to buy this since monday and its been dropping consistently.
Flowers
Re: Stock Market Tips For Nigerians
« #23743 on: April 17, 2008, 09:03 AM »

]Purchase stock  I mean, sorry for that mistake.
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