Stock Market Tips For Nigerians

Easimoni answered you about guiness and i second him. Dividend declaration doesn't move prices like bonus declaration, the market is also rather bearish.
I won't advice anyone to put all their $$ in wema but some exposure is good, the ceo says results will be out by november.

In any case if you have cash now, dun jump into any stock yet, watch the market and you might find even better bargains in the next 1-2 weeks.

tmoni,
i am a bit worried bout dang.sugar hitting 34 naira myself, what i would advise is to wait and see, 34 is not a very good entry price, 31 is just right. with fcmb and afribank offers coming out in the next two weeks, it might depress the market just a bit further, i would wait and see.

@ Temmie10, easimoni, frankiri,shigidi, windywendy,yodiyokun  and all the others

You are in trouble o!!! Pls just be avoiding me o in case I run into anyone of you anywhere on this planet!!!

I will give you such a massive hug that your backbones might snap!!!

What!!! I can't believe such sense of responsibility and dedication, for no money!!! I always try to explain to some of my otherwise brilliant friends that Nigerians are not as bad as we are always painted; our govts  may mess us up repeatedly but Nigerians are naturally givers!!

This thread will make millionaires out of many people and you do what you do without hangups. Believe me you guys are worthier than most of those brainless people they keep giving national honours

I follow this thread religiously and though I have been doing stocks for 3yrs I have learnt things here that I possibly could not have learnt elsewhere. I'm not writing this because I have made a kill; I'm  just totally humbled by your sense of dedication.

You know what you guys are doing? You are showing the world the inherent possibilities in Nigerians if only we would put out acts together!

From the depths of my heart and on behalf of all those who appreciate what you do, here's three gbosa! gbosa!! gbosa!!! (We shall not wait till you guys die before we celebrate you, like we do in this country!!)

Enuff distractions from me. Pls hurry back to your good work but watch out for me and my backbreaking hugs!!!

@pangolo
We are yet to see phb and afribanks' prospectuses.
I am quite happy with japaul's offer though.


@krisbobo, jehosaphat
thx for the compliments

Thanks Temmie 10,
Krisbobo u talk true, these guys have been awesome!!

easimoni- can you holla me at alomabello- at    gmail   dot   com  I am in Houston and just wanna holla at you.

Has any one read the prospectus of Japaul. They are buying some new equipments, vessels etc. What of their annual accounts. I need to know how to get it for the last 3 years and understand it before i dive in. Abeg gurus help a brother.

@Nairalanders

I need a stockbroker with very good internet communication and can be relied upon to get documents from Registrars for someone abroad.
A broker that will be satisfied with just the commission they receive from your transactions.
One that will buy for you at cheapest price and sell for you at highest and not at prices that will get them maximum commission.
A trustworthy stockbroker.
Thank you all.

Proshare News and Analysis
Firms can only absorb 25% on oversubscription on POs - SEC
Posted Friday, September 28, 2007

A new guideline on the oversubscribed portion of public offerings and rights issues was yesterday released by the Securities and Exchange Commission (SEC).
 
Under the new arrangement, only 25 per cent of oversubscribed portion of public offerings and/or right issues could be absorbed by the issuers - the public companies.

The new rule according to the Head, Media Relations of SEC, Lanre Oloyi, is in line with certain provisions of the Investments and Securities Act (ISA).

He explained that the rule was relaxed during the banking consolidation exercise, but had to be revised to ensure compliance with it by all the issuing companies.

"Henceforth, only 25 per cent of oversubscribed portion of any offer could be absorbed by issues. This is in line with our existing rules Section 64 subsection 2 of SEC rules and regulation made pursuance to the Investment and Securities Act (ISA), which SEC has the mandate to implement.

"A situation whereby excess monies are absorbed without the need for it will no longer be tolerated.

"Only 25 per cent of oversubscribed portion would be allowed by the commission. It is not automate because the coy will have to come with supplementary offer, which has to be approved by the commission.

SEC expects you only come to the market to raise the actual fund that you need. Excess monies may not be really needed.

We are going to strictly enforce our rules on absorption of oversubscribed portion of public offers. In other words, any excess monies outside the 25 per cent allowed and approved by the commission must be returned to investors.

"Hitherto SEC had relaxed its rules on the oversubscribed portion of public offers to give support to the banking consolidation exercise. Now that the exercise is over, we must go back to our rules and start enforcing it."

The enforcement according to the commission takes immediate effect and might affect all the on-going public offers and the ones that have just been concluded and yet to be cleared by the commission." – Guardian

@ Vitastraka,

 Kindly give us your prove we be willing to know and why do you think so?

Mr Easimoni,  What part of Houston area is your office located? If you are not going too busy, my e-mail address is pirates89@yahoo.com 

@easimoni

In fact i read windywendy`s thesis you made reference to,   real quality it nearly cause katakata for  stockmarketnigeria investors` forum.

Yaa she sabi well well

Thanks bros for all the wonderful contributions on this thread.I am kinda new in this business,just saw UNILEVER at 17.5 naira,FIRST BANK at 36.5 naira and Transcorp at N3.99 also Japaul.Is there any projection that the prices will rise by January,more especially UNILEVER and FIRST BANK.cos I want to recoup my money by the first quarter of next year.

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Just as krisbobo have posted earlier - thx to the great ones in the house,   

being doing stocks 4 a while but got more info from this tread on 9ja stocks---  in analytical formats,    My greatest thx to Frankiri 4 yr dedication of the betainvestmentsclub which have improve the knowledge of the members through yr post and encouragements.  Your recent posted link was well digested in my training ,   http://www.investopedia.com/articles/trading/07/technical-FUNDAMENTal.asp.   

Thanks to the gurus  including NBA, yr banking experience with UBA is also commendable.

@Tmoni,

Just back from Yankee and back to basic hope you are cool, MORE juicy new are emanating from my crystal ball on OCEANIC BANK i think we have to hambush it with a bang this time around its unbeatable!!!!

ON GTB???,
  Why are u surprised its one of my best bank and i am still on there tail just imaging when they list there, I.P.O @ $12.75 in NAIJA and when i saw it on London stock exchange @ $11.20 omo i just wonder?

 JAPAUL OIL IS A BET, HAPPY INDEPENDENCE TO OUR GREAT COUNTRY AND ALL PEOPLE OF NAIJA GOD BLESS OUR NATION.