Stock Market Tips For Nigerians

hi guys! really at a cross road now concerning this Acen insurance stock i would like to know if it is wise i keep faith and wait or should i rather stay safe?

And where would anyone here recommend i go for FOREX trade learning. I am tired of seeing all those other posts that are quite fraudulent. Seems there are serious people in here so i chose to ask you guys.
Thanks
Hope to hear from you guys ASAP

Ashaka is a long term investment at this point,
It could take close to 2 years to realise significant value to compensate for your choice of ashaka at this time.

Transcorp is interesting, if it keeps dropping like this, it could even become a short term investment, Lets see what happens this next week, the only problem is that it is hardly the pick of the market even at 3 naira, the earliest when any value will be realised by the company itself is still 2008

@bibiking1
That Acen insurance pass me o.

i have not said that
On the contrary, I would be willing to take a risk at 3 naira (but its still risky at that because it would take a huge further sell-off for transcorp to get to 3 naira, that kind of sell-off is unlikely and should raise questions)
What i meant was that even at 3 naira, it is still not the most mouthwatering deal at the market,
But i probably would buy if it goes that low,

@Temmie,
thanks for your responce and i am still waiting to hear from you as usuall.well about transcorp i think its better to keep watching it ,i feel it will surely gets better what do you say ?!

@ Temmie 10
Thanks. I see u holding it down for us! Keep on with the good work bro,

Bank po or not i believe you should look at where you can or will get a high return on what you put in.You are the one talking about hype in insurance sector for me if it is baking that is look good there i shall be.Wema @10 or below is good so said temmie

@temmie i have talked about insurance sector in my mail to you i hope you have read his comment so let us know which way the wind is blowing

@ Temmie 10 or someone else based in Nigeria

Is there Procter and Gamble in Nigeria? or Johnson and Johnson?

What company most closely mirrors them in terms of consumer products/ sector concentration?

Thanks all.

@Chokit
Not bad, dont argue with the crowd. If the crowd likes banking, banking it is,

Acen was not part of the merger. Only NEM and Vigilante merged.

---

@ WANAJO


WHERE DID YOU GET THE INFO THAT ONLY NEM AND VIGILANTE MERGED?

THE VIGILANTE SHARES WERE ONLY ADDED TO THAT OF NEM BECAUSE OFCOURSE NEM IS THE RESULTANT COMPANY OR THE MERGER,  THIS DOES NOT MEAN THEY ARE THE ONLY MERGERS ,

PLEASE TAKE A LOOK AT THIS:
http://www.sec.gov.ng/newmergers.htm

(ISSUING HOUSES) :BGL Securities Ltd, Core Trust and Investment Ltd, Independent Securities Ltd.

(COMPANIES INVOLVED): NEM Insurance Plc, Vigilant Insurance Company Ltd, ACEN Insurance Company Ltd

(PROCESSING STAGE): Formal Approval Granted

(RESULTANT COMPANY): NEM Insurance Plc

(DATE):  13/07/06

THE ABOVE IS FROM FROM SEC WEBSITE,

SO WANAJO UNLESS YOU HAVE ANOTHER INFO FROM SOMEWHERE ELSE & IF DATS THE CASE PLEASE SHARE YOUR SOURCE

I guess we can say your question is answered. Acen is part of NEM insurance.
It is very likely though that the Acen shares have not been listed, in which case they will be listed in due time.

@all
I am checking on the crusader mergers, its likely that they'll be adding more shares in due course. Not confirmed though.

Easimoni hope you are really enjoying your holiday?

 

there's no cause for alarm.
Just get it cheap, its 4.78 now which is not bad
Crusader is also on the buy list of a lot of brokerage firms
The 3rd quarter result should be out sometime in November.
That will be an important indicator

NEM, Vigilant and Acen had a merger agreement. At the end of the day only NEM and Vigilant went together. My sources is teh new NEM. They are integrating Vigilante into their operations. As at now, no association with ACEN.

Just like the bank mergers, not all the proposals sailed through!

This really will depend on how long you want that investment to be, if you're looking at one year - 5 years, then Dangote might be the right option, if you're speculative, then something else, may i suggest the insurance industry?

@krisbobo
Since you are looking for good solid long term returns, I will advise you to consider allocating a good part of your portfolio to banks.
I like FCMB, Diamond, First Bank, Intercontinental, even GTB and some others.
While some of these might look overly expensive now, they will become relatively very cheap in the next 12-36 months. Some of these banks have amazing ability to meet forecasts. I was going through some fcmb forecasts made last year and i am amazed how they have met the forecasts almost to the letter.
Rate of growth is very fast so even a PE of 30 today easily becomes 15 next year and 7.5 the year after assuming PAT or eps grows 50%.
In order countries, such high growth companies trade at huge PE's. Google for instance currently trades at PE of about 87 (yes 87!!) and it only grows at 50% annually, people are still buying because thats a pe of 21 in 2 years, Manchester United was bought for a PE of around 50! BUT all these probably make no sense to the 4 months trader which thankfully you are not.

However one should always balance short term risks with some solid long term bargains too.
Wema, Crusader, japaul, Nigerian-german are other stocks that i like because they look undervalued currently.



yes my email is temietope@gmail.com

Temmie 10 & Shigidi

Is it often better to buy into firms that have high PE ratio or low? i think i'm confusing it all up.

thanks

@Shigidi

i am fine bro. japaul po is mo mouthwatering tho we are yet to see the prospectus. the eps is currently 30k so the new shares will dilue it further.
Any play on buying on the floor is speculative and could yet be profitable on the short term, albeit its risky.
tell your friend to send the money to me

on a more serious note, most stockbroking firms have accounts that you can wire the money to from outside the country. If you ask them, they will guide you into payment proceedures. that's safer. that way, your friend can transfer the money from her bank in us/uk/wherever.

me? I used to do western union to my broker (Do not do this unless you know your broker's wife, sisters, brothers, dad, mum like i do! ). I'd split the money into 4 and send one by one so all he could run away with was 25%. Fortunately i survived this ad hoc arrangement.

@stevie
All things been equal (which they hardly are), low PE means a BUY opportunity.