Stock Market Tips For Nigerians

@ hispy & whitewash

Even with the exodus of most of the gurus(most of whom still visit occasionaly),the stock thread is peopled by real market gurus that serve as "in built anti virus soft ware" to quickly spot dubious posts on the thread and subsequently issue a caveat emptor warning to other posters,so no point over-flogging the issue

IPO FOR: Nigerian Sports Lottery.

Please can anyone advise if it is profitable to buy NSL IPO coming up on 16th June.
Since one of their targets is to offset loans. Please your advise is appreciated.

Thanks.

I don't seem to know what went wrong with my Bank PHB certificate.


I think I will bombard First Registrar office tomorrow. A don dey sick already.

Union Diagnostics set for listing on Exchange
Posted Monday, June 9, 2008


Shareholders of Union Diagnostics and Clinical Services Plc have been assured that the company's shares would soon be traded on the floor of the Nigerian Stock Exchange (NSE).



The company's Managing Director, Dr. A.O. Akinniyi, who gave the assurance at the company's ninth yearly general meeting recently in Lagos said that the firm had concluded necessary documentation as required by the regulatory authorities to facilitate the listing of its shares on the exchange.



Akinniyi, however, admitted that the reality of the initiative depended largely on the NSE and the security and Exchange Commission, who were however commended for giving the company "necessary encouragement."



The Guardian learnt recently that senior officials of the company were in Abuja last week in pursuit of this. This was in fulfillment of Akinniyi's promised at the yearly general meeting that the company would submit necessary documents to NSE and SEC early last week.



Earlier in his speech at the yearly meeting, the company's chairman, Ambassador B.A Adeyemi described its performance in the year under review as outstanding.



In his words: "The company's turnover grew by 153 per cent from N215,381.63 in 2006 to N545,784.83 and its profit before tax grew tremendously by 388 per cent from N64,374.73 in 2006 to N314,565.97. The company's profit after tax hit N255,078.36 which is an increase of 329 per cent from last year's figure of N59,367.96."



He added: "This outstanding performance is attributed to efficient and more comprehensive services, dedication of staff as well as increased funding from our shareholders during the 2005 private placement resulting in increased client base."



Adeyemi lauded what he described as the overwhelming confidence of the investing public on the company, which he said was demonstrated by the over 262 per cent oversubscription of its private placement in August 2007.



He disclosed that at the end of the private placement, the shareholders' funds grew from N408, 442.57 to N3, 086,399.55 as at December 31, 2007 and the number of shareholders from 127 to 8,336 in 2008.



"Due to the overwhelming confidence of the investing public and the need to allow our numerous shareholders the opportunity to share in our success story, the director decided to accept in full all applications for shares in the private placement," he further disclosed.



The Union Diagnostics boss lauded some positive developments in the economy during the year, just as he tasked the Federal Government on the need to improve the operating environment.



According to him: "The year 2007 was indeed a remarkable year for our country. The economy witnessed a boost in the oil and non-oil sectors as a result of increased oil exports, high global crude oil price, government policy on privatisation and peaceful transition of government. The stable political environment rekindled the confidence of foreign investors who now perceive Nigeria as a strong, emerging economy. The CBN monetary policies also impacted on the exchange rate which has been stable."



He, however, regretted: "Nevertheless, the problem of militancy in the Niger Delta and inadequate infrastructure, especially in the power sector, continue to affect the economy, thereby increasing the cost of doing business. We call on government to make every effort and necessary investments in other to reduce the cost of doing business in the current financial year and beyond."



Adeyemi also disclosed that the company would establish seven more branches in seven states to increase its spread in the country to 16 states.



"It is worthy to note that our Maiduguri branch receives patients from Niger Republic, thus increasing our international spread," he said. -


Guardian

Tantalizers to list on Thursday:

Tantalizers Limited will list 2.59 billion units at N3.90k on the floors of the Nigerian Stock Exchange on Thursday, June 12, 2008.

http:///index.php

NSE approves use of Custody Accounts:

The Nigerian Stock Exchange, today, suspended the ban on Margin Trading Accounts pending when the special committee set up and comprising representatives of the Central Bank of Nigeria (CBN); Nigeria Deposit Insurance Corporation (NDIC), Securities & Exchange Commission (SEC), and Nigerian Stock Exchange meet to come up with a workable process.

Further details on this is expected to be made public at an elaborate media briefing this Friday or Monday next week by the Director General of the Nigerian Stock Exchange, Dr. (Mrs.) ndi Okereke-Onyuike.

In the meantime, the NSE has renamed the services offered by banks to the fund managers as 'Custody Accounts'

Proshare NI

Father of 2 where art thou? Your miss reading your comments. No hide o!

@ All
Hello everyone.
Please can you give me an update on NFI shares (Nigerian French Insurance)?
i bought some units a couple of years back and so far no news even though the certificate is now lodged in CSCS. i can't trade on it and all i heard was that they are to be acquired by AIICO. what really is going on.
thanks for your response.

Does anyone know if BAGCO have distributed their share certificates  to those who participated in their last IPO.

Nice trend!

Please house.

I just got my CSCS account from Tradealart. I registered with the CASHCRAFT management Limited.

I don't really know how to go about buying shares.

The guy in the office there is always squeezing his face- so he dosent entertain much question.

what do i do?

Can any one in the house tell me about Dangote Flour? I bought their last IPO and up to now, the certificate has not been issued to me.  Does this normally take up to a year, before sending the certificate?

dangote flour credited my CSCS account a long time ago and i have since sold off the meagre units they gave me. you might want to visit oceanic registrar in Ikoyi.
bagco cert and return money still being awaited like you guys

well, the tantalizer PP has been concluded and they will be listing soon, so the question of whether it is worth buying or not is not so relevant at this time.

chances are even high u will not get it to buy on the floor even if you want to since the listing will be done at the PP price following the new NSE directive. those who were planning to dump at the proposed higher listing price will now have to wait longer add the policy of 100k units daily trade before a stock can witness price appreciation or depreciation, then you will realise that the wait on this one might be long.

that is a good thing because it gives investors time to evaluate the company's performance over the next one yr and what they manage to do with the new funds available to them

hello all, i heared aabout the julius berger bonus of 3 for 1. Is it a good buy at N120.

PLS, i need reply quick to make a dicision.

but she said they can incorporate another company which can then be listed. so if they incorporate a parent company wit the stockbroking firm as a subsidiary of the parent company, the parent company can do a private placement for the purpose of listing on the stock exchange. the parent company then shores up the paid up capital of the stockbroking firm to meet re-capitalization target from the proceeds of the PP

I think I also heard something like{Only way they can be allowed to do Public offers  is if they have another company name running a separate business but managed by their firm}.


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Oh! I have been informed that my Bank PHB Shares Certificate was delivered @ my house yesterday after some people has received theirs' after several weeks.