Stock Market Tips For Nigerians

@shig
thanks it is GDR , I am used to Americans Depository, Is it hold and buy or hold hold

folargbite, its a hold hold, if u want to jump in, maybe u should wait till about february or april and take position from then.
tmoni, im not sure when oceanic will be out. but i hope really soon. it should stabilise at 35 naira by november or december but if there is bonus issue(unlikely) who knows

Its being rumoured that First Bank IPO of N100b was oversubscribed to the tune of N500b. First Bank will keep N120b and return about N380b to investors.

Now, that should be fantastic news for investors as all that money should eventually flow back into the stock exchange and give a mega boost to activities in the secondary market, right?? WRONG!!

REASON: There is also a rumour that the likes of GTB, PHB, Sterling and other banks are going to come back to the market with IPOs to mop up all those funds!!!

I think IPOs have depressed activities on the secondary market for too long, especially bank IPOS. In my own humble opinion, these banks are just mopping up funds without having any effect on the real sector. They wont give out loans to manufacturing and other companies to operate and when these companies go to the stock exchange for funds, they are starved because the banks are there mopping up funds with their IPOs!!!! One of the reasons why everything in Nigeria is imported is because manufacturers do not have the funds to improve!!!!!

Banks have recapitalised, most to the tune of well over N25b. What are they doing with all that money?? Its still not showing in the economy!! Let them give good rate loans to the manufacturers so we can see some productivity in the economy. The NSE is not a fund guzzling party to see who swallows the most funds!!!

I think SEC, NSE and other regulators should peg certain time intervals within which banks can go for IPOs. They're choking the economy and can eventually crash the market.

We don't want the stock market bubble to burst!!!!!!

bros marrisa,

abeg is WEMA coming to the floor soon? let us know and prepare for them oo

Folks,

If anyone has wire instructions to CASHCRAFT from the USA please post here. It is difficult to get through to speak to someone, no response to emails.

Much Appreciated!

Na wa o! They don come o polluting this our nice blog. Please we dont need adverts here, there are other rooms for them on this forum. Keep on the good work guys esp Temmie10, easimoni, wanajo,shigidi, frankriri etc.

Re: Contacting cashcraft. I earlier placed the e maiil of one of the staff at Abuja Office.
eliakim.uzamere at cashcraft.com. He said to ease funds transfer to buy uniondiagnostics u will need to use a relative or friend u trust in Nig. who will help wit the transaction. Any way still contact him.

@ advertisers of get rich quick schemes. I think this is not d right place to advertise your wares.

Thanks to d whole house for making it real on nairaland

seconded 

I have not had time to really gothru it but it appears to be ok. I like the fact that thier 2007 PE is below ten and their trailing PE is about 11.

hi guys, i must really state here you all have influenced my financial habits positively. I bought Acen Insurance stocks yesterday, i would like to know if i did the right thing its not too late to amend my ways

That was definetly an error!!!!

The offer is not attractive at least in the short term. It is clearly over valued. The only attraction is that the shares on offer are quite small (120m units). That means the scarcity of the shares will persist. Dangote flour looks more attractive.

Let's wait for Japual's prospectus to pick the best out of the lot!!!!

With this new propsectus, Access Bank is looking like a bargain.

With everyone coming to the market now, it is pretty obvious that the market is over valued hence the rush by everyone to partake. A correction is definitely in sight. At the very least, expect a modest rise in index for 2008!

All these banks that are just coming out to mop up funds and depress the secondary market.

Meanwhile, they don't give the kind of loans they ought to be giving. They have drastically cut down the amount of funds that are available for use by Small and Medium scale Enterprises.

A have friends who tried to access the mandatory 20% profit after tax money CBN mandated them to keep aside to give out loans to SMIEES. Nasty stories all the way. Staff at the bank look at them practically as beggars, and treat them as such.

My take is that before a bank comes to start pandering about public offers, they have to show their intention to make loans accessible to those who want them. If they can't, then they should be stopped from depressing the secondary market in the name of public offers.

Perhaps Nigerians should stop buying public offers altogether in protest.

There is an error in the 2007 PE figure contained in the propsectus. The EPS for 2007 was was right but the PE was wrong. Material error if you ask me.

To the Gurus in the house,

[size=12pt]IF you buy a share in the secondary mkt assuming this week, can you possible sell it say next week without any bottleneck beuacracy. Secondly how much would be the total deductions. (Tax,commisions e.t.c.)[/12]

@Temmie 10 and easimoni,

Whats your top 5 insurance stocks and what do u think of Accenis(Accen insurance)

@Temmie 10 et al
Do you guys have a position in Union Bank? What is your feeling about their prospects as to matching 1st Bank's performance. Also if you had over 30% of your portfolio in the bank would you divesting of some shares and use the proceeds in a more aggressive company.
Thanks for the input.