|
|
|
Geees
|
thanks 2 everyone on this thread, u've all been wonderful, i've just got 1 question as a fresh man investor;
1. i've got my cscs no. and my clearing house no. from my brokers( partnership inveatment limited) but i can't log onto the cscs website with it. i would like to confirm my ownership of the shares which i bought through partnership investment but i still have no evidence except the credit notes which they issued me for the shares. please let me know how i can confirm this. thanks
p.s. happy 100th page anniversary!!!! hope we all see page 1000
Ask your brokers for a cscs statement which the normal charge is about 100 naira, I would suggest also ask the brokers to put you on trade alert if you recide in nigeria Cheers |
|
|
|
|
|
Geees
|
wanajO,
I think every sector has the BEST and others, Insurance is the same, for now Crusader is ok Mbenefit went thro crazy sentimental trading but has settled. There are good companies and as the days roll by good stocks will become bargains, keep looking
Cheers
|
|
|
|
|
|
wanaj0
|
Anyone with the Oceanic allotment basis also???
|
|
|
|
|
|
easimoni (m)
|
Anyone with the Oceanic allotment basis also???
MD said they raised N175B , which is ~10.6B shares @ 16.50ea. Not yet official. |
|
|
|
|
|
barge (m)
|
@jehosaphat
better late than never, the Japaul PO is still on till the end of the month except if you have used the funds for some other means. I was like you , scowering for info on Japaul , until i got it a few days ago. thanx for taking time to read it. i hope it helps. good luck .
|
|
|
|
|
|
jehosaphat
|
@ barge
It helps a lot. Thanks, it was quite detailed and I feel better for buying into it. Where do you see the price in 2009 based on your analysis?
|
|
|
|
|
|
BIGBOYLARY (m)
|
@jehosaphat Guys, Does anyone have a specific contact email address or phone number of a Vetiva account management personnel? I sent them an email at info@vetiva.com but no reply, How Do I open an account from outside Nigeria otherwise??? I need help people, no ignore me abegi used VETIVA you ca call them on 234-1-4617521-3 and 2700657-8 FOR ME THEY ARE SOLID AS ROCK. |
|
|
|
|
|
crazyT (m)
|
@ Barge
Thanks for the informations; I am highly impressed because I can now go for my right issues @ Japaul. I was sceptical about the PO before reading your (long) write-ups, but now I am very sure of a brighter future with Japaul.
|
|
|
|
|
|
dunjoye (m)
|
hi fellow nigerians,great job u guys re doin.i wil lyk a help from u guys.pls i hav 5000 naira to statrt investin on the floor but i dont know wat equity to buy wich will fetch me nice profit in a li2 period of tym,pls help me out am a young investor (only 18yrs)
|
|
|
|
|
|
RoughCut (m)
|
MD said they raised N175B , which is ~10.6B shares @ 16.50ea. Not yet official.
There is an argument that Oceanic will not be subject to the SEC requirement that companies can only absorb to the tune of 25% of the oversubscription from the proceeds of any share offer because the directive was introduced after Oceanic had gone to the market but it has also been argued that the directive has always been there. The point is if they absorb all the proceeds they will have a total of ~22B shares outstanding and that in my book is serious dilution thereby squeezing the margin for bonus and splits |
|
|
|
|
|
kingzy (m)
|
@wanajo,Esimoni,Temmio10 and other gurus,
I have 500k to put in one stock that has 50-100% potential gain in 6months. Please what do u recommend. Consider WEMA,Transexpress,etc or any other sector. Thanks
|
|
|
|
|
|
whitelexi (m)
|
Its funny how small small things change your life. See me that used to be interested in only music, movie, and soccer sports channels Now if i miss NTA international news, i feel like something bad has happened, especially the stock market updates part. Well, I've noticed a lot of talk about Bank PHB here, and i've noticed their adverts everywhere on that channel including during the news broadcast. . . Does anyone know how soon this suspected offer might be? And can we also have proactive hands-on information about what to expect? Pretty please  |
|
|
|
|
|
pinokio (m)
|
thanks for the info guys. i've got about 300k in wema, dunlop and unity bank. i'd like to know if & how i can change my stockbrokers from partnership investment to cashcraft or any other good stockbroking firm, preferably in the ikeja area, pls lemme know sharpish, thanks y'all
|
|
|
|
|
|
shigidi (m)
|
@ easimoni,
university press just released half year results, 95% increase in earnings, projected eps of 0.72 come march. sjould at least be 10 naira by then.
|
|
|
|
|
|
easimoni (m)
|
@ easimoni,
university press just released half year results, 95% increase in earnings, projected eps of 0.72 come march. sjould at least be 10 naira by then.
The results were very impressive and I'd def rate it a buy. Caveat is they also seem to make the bulk of their profits in the 2nd half of the year which makes things less predictable. I'm looking to get some myself, do you have any other info outside the fundamentals? |
|
|
|
|
|
barge (m)
|
@Jehosaphat
i cant tell what the price will be in the future plus 2009 is sometime away.What i can tell you is this is going to be a winner , in the long term. Think about this , presently Japaul has 183m in Revenue reserve ,that is, undistributed earnings.If the projections are correct and i have no reason to doubt it will be, the Reserve will be 1.2billion by 2009 FY.This will be made posible by a gradual reduction in proposed dividend 37% in 2007,61% in '08,and 48% in 2009FY.Further PAT is projected to increase from 61% in 2007 to 70% in '09.
The Cost to Sales ratio is projected to stabilize at 61% between 2007-09. Bottom Line , with expenses going down and earnings going north ie the operating margins will improve and the increase in reserve will help create more value for shareholders going forward. The share price have only one way to go in the long term , UP.
For the exact price in 2009 , better we consult Bigboylary , remember he has the crystal ball.
|
|
|
|
|
|
Mr. Cee (m)
|
[td][/td]Go for Afrinvest. They are my ONLY broker. Had opportunities to try others but not impressed. itsyour account officer that matters most.
Yes they are into other things. Stockbroking does not bring that much money so I do not blame them.
Wanajo,
At least you have finally given me a consolation Thanks a lot I am more than half way done with them with regards to openning account.
|
|
|
|
|
|
slybase (m)
|
me thinks i should consider opening a stockborking firm.
General Seun would surely provide enough clients for me.
On the alternative, why dont all you guys bring the cash you want to pour on the market to me, I promise to pay you whatever intrest rate you desire, afterall some of you just dashed some wonder banks money recently
|
|
|
|
|
|
Egavlas (m)
|
me thinks i should consider opening a stockborking firm.
General Seun would surely provide enough clients for me.
On the alternative, why don't all you guys bring the cash you want to pour on the market to me, I promise to pay you whatever intrest rate you desire, afterall some of you just dashed some wonder banks money recently
Most of the people on this particular thread are serious minded people. The wonder bank/HYIP issue was condemned on this thread severally so forget that line. You will do well for yourself to read and learn whats going on at the Market. |
|
|
|
|
|
egoldman (m)
|
There is an argument that Oceanic will not be subject to the SEC requirement that companies can only absorb to the tune of 25% of the oversubscription from the proceeds of any share offer because the directive was introduced after Oceanic had gone to the market but it has also been argued that the directive has always been there.
The point is if they absorb all the proceeds they will have a total of ~22B shares outstanding and that in my book is serious dilution thereby squeezing the margin for bonus and splits
Nigerian Oceanic bank issues $1.4 bln in new shares
Mon 8 Oct 2007, 12:56 GMT
[-] Text
LAGOS (Reuters) - Nigeria's Oceanic Bank will issue 174.6 billion naira in new shares following a public offer that was oversubscribed by 215 percent, the issuing houses said in a notice on Monday.
Oceanic's is the latest in a series of bank share offers in Nigeria, which have raised about $8 billion since the sector went through a radical restructuring in 2005.
Oceanic had originally sought $431 million in the offer that closed in April, but the authorities allowed it to issue shares for the surplus subscriptions.
"The Securities and Exchange Commission has given its approval to Oceanic Bank Plc to accept the excess proceeds of the offer by way of supplementary allotment," the notice said, adding that the offer was 315 percent subscribed.
The operation means that Oceanic will now become Nigeria's largest bank by shareholders' funds, although its supremacy may be short lived because other bank offers are under way or being processed.
Oceanic had said when the offer opened in February that it would use the proceeds to strengthen its capital base, upgrade technology and expand its branch network locally and offshore.
The reforms to Nigeria's banking sector reduced the number of banks from 89 to 25, generated huge cost savings and triggered a cycle of dramatic growth in the sector.
Oceanic posted annual earnings after tax of 9.55 billion naira in 2005 to 2006 and has said it expects this to double in the 2006 to 2007 year, which ended in September.
source ; http://africa.reuters.com/business/news/usnBAN843091.html |
|
|
|
|
|
shigidi (m)
|
@ easimoni, sorry i dont have any info other than the fundamentals. thats what caught my eye. now that im definetely looking to buy i will research more and promise to keep you posted.
|
|
|
|
|
|
barge (m)
|
Dear all , got this from proshare.
The bases of allotment for the public offers of both UBA and Oceanic have been made public. Applications for both offers are to be fully absorbed; as both
offers were significantly over subscribed. The issuers, SEC and all parties involved have resolved to dispatch certificates within the next two weeks
|
|
|
|
|
|
Josey2 (m)
|
hi fellow nigerians,great job u guys re doin.i wil like a help from u guys.please i hav 5000 naira to statrt investin on the floor but i don't know what equity to buy wich will fetch me nice profit in a li2 period of time,please help me out am a young investor (only 18yrs)
My guess is that you try the insurance sector. |
|
|
|
|
|
alliednetw
|
I don't exactly shared Oga Wanajo's pessimism on the insurance sector.
Virtually all companies there have performed great in the past 9months.
The future is indeed bright.
|
|
|
|
|
|
Sweet_aura (f)
|
This is the best thread on Nairaland and it's for serious minded investors. I've been a guest for about a year before registration. When I want to trade a stock I always refer to this thread, then have a final discussion with my pal before I hit the market.
My candid advise to the green horns is ALWAYS buy IPO / PO few days to the closing date. You would have gotten all the necessary information about the Company & the shares you're investing in. This will also save you the trouble of buying "trash" all in the name of investment. You can also channel your cash to other investments until 2 days before the close date.
Talking about Brokers, they're all of the same "father", and we need them to play in this sector. (They're necessary evil you can't avoid). You have to keep a VERY good record of all your stocks. You can create a spread sheet for it.
For over 6 years my account officer used to come to my office to pick up my certificates, dividends and do all my transactions in my office just because I didn't have time. I noticed some disparities in my transactions which I reported to the GM and it's been resolved.
Now I make out time from my busy schedule to visit my Broker at least twice a month and I registered for TRADE ALERT for my transactions.
So to be a good investor, make out time and take your shares like your baby.
|
|
|
|
|
|
charlimess
|
Hello
pls wat prices do u predict for skyebank and uba by nov/dec?thanks
Also can i share frm the transexpress tingy?
|
|
|
|
|
|
sbm4real (m)
|
Hello All,
This thread sound really interesting. Kudos to you guys. At last we can have a serious thread around here. I have 50k to invest in the stock market but I need a very relaible stockbroker on the mainland. Likewise which stock do you advise that I buy.
Please do not ignore.
|
|
|
|
|
|
frankiriri (m)
|
Happy Eid el Fitri my moslem brothers. In these times of 'e- everthing' I am waiting for my e-ram oh . Just credit it to my CSCS account. |
|
|
|
|
|
barge (m)
|
@sbm4real ,
before you have answer to your question need to answer some questions. What is your timeframe , i mean ,how long do you intend to invest the 50k
and what is your required rate of return. How much do you want to make at the end of the period . Public offer or secondary market . When you post
your reply there are generous people on this thread and you will have more than one opinion to choose from.
|
|
|
|
|
|
husu (m)
|
Please i opened an account with amyn investment(NSE building) lagos. they said i cannot very my certificates until six months after my registration ,is it like that in other places!.can somebody help!!!!!!!.
|
|
|
|
|
|
Mr. Cee (m)
|
Knowledgable people, Please help me out here I wanted to open an account with a stock broker and my would be account officer wanted me to sign both the Transferor and the transferee portion of the Transfer form is it normal? I am entirely new to investing in stocks.
|
|
|
|
|
|
![Nairaland [Nigerian Forum] Home](http://www.nairaland.com/Themes/default/images/english/home.gif)
Author
