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iceman75 (m)
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Thanks for the prompt response Freelance, i really do appreciate. the probs i have is, i want to fill the form and send to my broker, he doesn't work for cashcraft, the forms on cashcraft website has CASHCRAFT PRINTED ON THEM, dont know if it's ok to fill a form that has a company's name on it and give to another company. thats why i need the official website. still shouting for HELP!!!   |
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samstone4 (m)
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Attn All:
Transcorp gained maximum today, Friday 21, in heavy trading.
Has it bottomed out?
Have the long term investors pounced?
samstone4
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tonmax (f)
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@all
Who has any advice on Sterling Bank and Wema bank, cornerstone/
Seems sterling will come out with an IPO soon!
Is the time right to buy Wema?
Corner stone anyone
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shigidi (m)
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@ temmie10, need your advice on a james bond im about to pull. ive noticed diamond bank shares are trading at 17 naira, that makes it grossly undervalued, it should be about 22 naira now and with the upcoming p.o it should push to about 25 naira in the near future. now, my question is do u think i should sell my wema to take a stake in diamond now with a view that once it appreciates , i will go back to buy WEMA cos im not sure that WEMA result will come out b4 mid november, is that too risky.  |
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tonmax (f)
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Where is
Temmie 10,
Frankiri,
Easimoni?
Help!
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shogbenga
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you did not add WANAJO, the GURU
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stanchuks (m)
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at long last almighty T R A N S C O R O P gains
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wanaj0
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Attn All:
Transcorp gained maximum today, Friday 21, in heavy trading.
Has it bottomed out?
Have the long term investors pounced?
samstone4
No!!! Transcorp did not gain maximum today. It gained 4 kobo. It is a sign that it is about to bottom out and stabilise. From there, it will start to move up if there are juicy news released into the market. |
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wanaj0
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@all
Who has any advice on Sterling Bank and Wema bank, cornerstone/
Seems sterling will come out with an IPO soon!
Is the time right to buy Wema?
Corner stone anyone
If you can and willing to take risk then WEMA has a lot of potential. It is however meant for the risk takers. If things go as xpected, there is a lot of upside. However, things can move in the opposite direction. So be sure that it fits into your risk profile. |
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dodochi42
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Gurus
please i beg what do you feel about
union homes mortgage,
is it a good buy for long term?
Thanks
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dodochi42
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Gurus
please i beg what do you feel about
union homes mortgage,
is it a good buy for long term?
Thanks
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Tmoni (m)
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really sitting on ice now, confirmed exposures to WEMA and STERLING,
1st time as a speculator,
this stocks must perform 4 all of us in nairaland
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tonmax (f)
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It's actually meant for all the gurus!
my aoplogies
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tonmax (f)
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Thanks @Wanaj0,
It appreciated today anyway?
How about Sterling?
I will take uu advice on the Wema.
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shigidi (m)
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@ temmie10, need your advice on a james bond im about to pull. ive noticed diamond bank shares are trading at 17 naira, that makes it grossly undervalued, it should be about 22 naira now and with the upcoming p.o it should push to about 25 naira in the near future. now, my question is do u think i should sell my wema to take a stake in diamond now with a view that once it appreciates , i will go back to buy WEMA because im not sure that WEMA result will come out before mid november, is that too risky. @ wanajo, i ask the same question, is it WEMA BANK or DIAMOND BANK. pls holla |
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wanaj0
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@ wanajo, i ask the same question, is it WEMA BANK or DIAMOND BANK. please holla Wema too me has more upside than Diamond. Wema has a lot of potential waiting to be tapped if they can get their strategy and direction right. Loyal customers etc. At least I see Wema going to 15.00 (almost 50%) while it will be hard for Diamond to hit 27.00 (50%) based on current earnings. |
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egoldman (m)
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Did SEC extend the offer of Union D ? I see people are still talking about filling and sending in the forms .
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Temmie10 (m)
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@shigidi that move is a real james bond, Why pull out of wema in september ending? Wanajo is right, there's more definite upside to wema than diamond, if 22 is a safe bet on diamond, then there's very little incentive considering that commissions might bring your buy price to 18, 4/18 is 22%, the opportunity cost of a 14 naira wema is huge!!! @tonmax sterling is very interesting. they've got reconstruction coming, po coming. which is the good news, Bad news: earnings are not strong and there's no dividend I dun see much downside if any but its hardly the pick of the market @Tmoni when wema wins, i would call you to get my wine bottle,  , this one that you are being reassured every minute |
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Tmoni (m)
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@temmie10, hopefully would add bavarian caviar to it
really getting disappointed with sterling, but they had already done a share reconstruction, is the market regulated?
assuming the share reconstruction takes place, is there still going be a bull run on the stock before a technical suspension???
if its done at say 7 and the reverse split is done at 1 for 2, then we are talking bout a N14 stock,
would the technical suspension come at N14 or they would artificially take it to about N19,
what do u guys think,
too bad, i got diamond at an average of N18.10,
got to get some more to reduce overall expenditure, does it sound resonable
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BIGBOYLARY (m)
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@ ALL,
AS I OPEN MY CRYSTAL BALL IS SEE B4 ME
PAST PERFORMANCE IS NOT NECESSARILY A GUIDE TO FUTURE PERFORMANCE
Many questions which as to be answer to but i can say that we should all be alert in taking decisions,The outcome of placing a temporary ban on Banks coming to the market be giving a go ahead, after raising about over #600 billion from the capital market?
The markets look some how over saturated with so many PP/IPO pending but we should be looking at VALUE investing also note that, Investments can fluctuate in price and value and the investor might get back less than was originally invested.
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aquita (m)
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talking about stock market, i own 5,000 shares of FCMB and i have never received any dividend from them. Is it advisable that I sell all the shares since i have not received any return from my investment?  |
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Temmie10 (m)
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On the contrary it would be very unwise to sell your shares,
you have earned more than enuf return if you bought anytime before jan this year.
Take your certificates or whatever you have to a broker and let them sort the paperwork out for you,
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alliednetw
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@acquita Dividend is not the only attraction to investing in shares of a company.Capital appreciation and bonus/scrip shares are in my opinion better considerations.If you bought your FCMB before Feb this year,you have made about 200% profit through capital appreciation. If you want to sell,wait till after their public offer.But be sure you are moving into another sound and profitable stock. Come to DE-CANON INVESTMENT LTD(member Nigeria Stock Exchange since 1990) and we will help you with proper advice and verification of your shares certificates. DE-CANON INVESTMENT LTD WESLEY HOUSE(4TH FLOOR) 21/22 MARINA,LAGOS alliednetw@yahoo.com 0806 0688221 |
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samstone4 (m)
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@wanajO Right oh!!! Got Transcorp previous close wrong. My guess is it will rise regardless of news since most of the negative news were contrived anyway and there are lots of people waiting to get Transcorp cheap. Don´t think it´s what they call a "dead ct´s bounce". We´ll see. Samstone4  |
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bonjee
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hello house
before i can sell my share certificates, do i need to send it to cscs through a broker
plus how long will this take
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Tmoni (m)
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Posted by: Tmoni
Insert Quote
@temmie10, hopefully would add bavarian caviar to it
really getting disappointed with sterling, but they had already done a share reconstruction, is the market regulated?
assuming the share reconstruction takes place, is there still going be a bull run on the stock before a technical suspension???
if its done at say 7 and the reverse split is done at 1 for 2, then we are talking bout a N14 stock,
would the technical suspension come at N14 or they would artificially take it to about N19,
what do u guys think,
too bad, i got diamond at an average of N18.10,
got to get some more to reduce overall expenditure, does it sound resonable
bros, make una pls approve or disapprove my theory
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Temmie10 (m)
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@Tmoni
The reconstruction can take many forms. It might not be 2 for 1. Depends on what management thinks.
I would expect that reconstruction would take place around 8 naira or more rather 7, thats the game, they'll mark it up not down, and i wouldn't be surprised if artificial moves were involved. its very possible.
Do not buy diamond to average just yet. If you have extra cash now, hold it and watch, prices might yet get more mouthwatering
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goldenson (m)
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Quick questions for all the Gurus, I have some pressing questions rearding the Fidelity Hybrid offer that i need answers on.
It states that the offer is for N8 and the rights issue is for N8 on the bases of 1 share for every 33 held.
So my questions are these:
(A) If i originally have 100,000 shares from their previous IPO, then how many shares are my allowed to buy through the rights issue.
(B) Am I allowed to buy more from this regular PO offer after i purchase from the rights issue.
(C) Does it make any difference buying via rights issue since its the same price (N8) as the PO.
My main aim is to buy way more that the rights issue will allow me and i need to know the best way to go about it.
Thanx in advance for any contribution.
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Temmie10 (m)
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@godenson
It would be weird to think that the po and rights will be offered at the same price,
Having said that, i have read the reports,
the offer comes out in abt 4 days, lets keep fingers crossed, clear cut facts will emerge,
i still expect the rights to be cheaper
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Tmoni (m)
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thanks temmie, cant imagine nairaland without u
looks like, we go add panini to the stoosh
lets brace ourselves for the next week,
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Mu (m)
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@ Goldenson
I'm not a guru, but here goes
A) 100,000/33
B) Yes
C) There is a difference, for rights you are guaranteed to get all of your rights should you decide to purchase them.
In the case of an offer, if the offer is oversubscribed, you may not get alloted the full amount of shares you subscribed for on on your share purchase form and your excess money will be returned to you.
Hope this helps.
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V.C.2007 (m)
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Temmie10 to Tmoni, "If u have extra money now, hold it and watch"I was expecting u to tell him to go for Wema now. It looks like it has started climbing, or is it an artificial climb? |
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