Stock Market Tips For Nigerians

@BIGBOYLARY
happy for you,finally your cristal ball was able to make one right prediction 
can u confirm the rumour clouding over wema?because it seems every news about wema is in the hand of the gods.

To All Gurus
i will like a candid advise on this please, i bought transcorp on the floor at 9.71 due to the advise of my broker then, i was just going into stocks  and had not being a part of this trend then, my question really is can i sell my transcorp now at 4.00 for the available PO's that are around now? as usual my broker said i should hold but i have learnt not to listen to him since i can run to this trend

@Temmie 10, Easimoni, Wanajo, Shigini and other gurus,
I bought oceanic @ 18.50 on the floor during PO. Should I sell now and buy another good potential stock (which one)or is oceanic still a good short term stock? Is there any impending bonus and what ratio, not interested in dividend. Though I just bought some units of crusader. Plz I need your answer urgently.Thanks

Don't Sell Transcorp instead think of buying more and set a price limit at N4.00
This will reduce your overall cost of buying the stock
Transcorp is good for the long term and i bet you will not regret it.

@Gbengaijot

i think you might want to read this--->http://businessdayonline.com/National/463.html

UNTL is closing down operations with the loss of 4000 jobs so i'm just a bit baffled where you got the info that UNTL might be worth investing in or what gave you the feeling you seem to have about investing in UNTL. There's nothing like doing your own due diligence and as someone has already pointed out you dont invest based on your feelings
Sounds a bit harsh but it just goes to prove there's no substitute for doing your own homework

I wonder OOOO. Maybe the noise anout the FG textile intervention fund is his basis. He may need to know that teh sector is passing through difficult times and the problem will not go away overnight. Availability of LPFO is one. No way they can compete with the cement companies for that product. Smuggling is another. With cheaper smuggled textiles around, locally made ones are no longer competitive. They are closing factories all over the country.

While you may still make 100% buying UNTL, it will not be based on any good thing that the company is doing. At least people are making money buying and selling shares of Nigerian Wire and Cable. This is a company that is under ock and key.

Gbengaijot see also
http://www.sunnewsonline.com/national-09-10-2007-008.htm
Below is an excerpt of the publication:

"We have already lost the first quarter. We have lost N650 million already. By the third quarter, we are certainly going to lose N700 million.
"The shareholder’s fund is being affected. Unless stringent measures are taken now, we are not going to succeed.

"In 2006, we lost N700 million and for the past two or three years, we have not declared any dividend to the shareholders."

UNTL have not been able to reward shareholders for almost 2 years,
STAY CLEAR from textile for a while,

People,

What is stock is looking good at the moment?
(No P.Os please)

Anything interesting?

Diamond is looking attractive for the banks. Q1 result shows a 62.6% increase over previous year.  At 17.00, 30% return is not far fetched. Price will likely be jerked up in readiness for the PO. That will likely be in 2008 though. So if you are satisfied with 30% in 6 months then go for it.

Flour Mills is also not looking bad.

OandO is an outsider for those who can take risks.

Wanaj0,

I know I could count on you.

Evans is off my radar since they have no results - shows something is brewing.

As for May & Baker. I turned up with 700M outstanding shares, I am not sure this includes the offer you mentioned ! What figures do you have for their shares.

Even with 700M and projecting a full year result based on that Half year - Its a no no .  EPS of 0.2 and  P.e of 42!!!

Unless the price comes down to N6 and they grow their PAT - no show for them.

Even GSK's forward PE is 24.

Wanaj0 , I know you have been around for years - what used to be the average PE for this sector because the numbers I am seeing is not impressive at all.

Or is my analysis off tangent here?


As for NGC - they definitely have my vote, any money I have now is going there - I wonder why they are not listed with health care.

I am not a Methuselah oooo.

Evans just turned around from loss making about a year or two ago. They also raised new funds.

May and Baker raised funds last year at 4.00 per share. The offer was oversubscribed. They did not take all the ovesubscription. PE in that sector use to between <10.00.

Authorised shares for M&B is  700m shares. I guess ALL the shares are now fully issued.

They are to grow their profit based on the bio vaccines but don't think that has taken off as at now. M&B is a strategic investment for long term players. Don't see them meeting the PO profit forecast for 2007! Currently, I think they are over priced!

NGC is listed in the Chemical sector because Chemicals was their core business before that became unprofitable. So they are now into healthcare, consumer products and oil services (chemicals). They are growing profit well and should declare a bonus now!!! No bonus for 5years now. Wetin?

i dont use afri but i know they are good,try them if not satisfied u are always free to make a change.
all the security companies has one problem or the other.goodluck

wanaj0
please whats your take on BOC gases? it has been moving like a pendulum for long b/w N7+ and  N8+ and has not been able to break the N9 resistance again.

access is looking pretty attractive at 20 naira. could give up to 50% returns in a few months.

Wanjo,

why is Afrinvest trying to cut off their it system while other companies are trying to go online they are backing out. Since you have been with them for too long over all how are their performance? but I want a company that has access to online services so that I can view my stocks anytime I want to.

I have been using AFRINVEST W.A since when they were formerly known as SECTRUST. I have an online account with them which is still active, they helped to send my share certs for verification and obtained a CSCS account for me. I make monthly SWIFT transfers to them to fund my account. I only call them for execution of transactions and I dont take advice from my Account Manager as I am the Funds Manager o my own portfolio. They have lots of clients and you need to pester your account manager with emails to get any attention, but they get they job done though.