Stock Market Tips For Nigerians

how did you buy the share @ gbenga

Thanks Gbenga

good thinking 

im on the main isle   

I don't have sisters n brothers  hmm i might just send my granma 

Its worth learning that people are interested in the stock market and wants tip but i would be doing injustice if i don't mention TRADEALERT.I'm sure lot of people have heard about it but maynot understand how it works.if u want to learn more then just send mail to enquiries@nse-cscstradealert.com and i will endevour to enligthen you more.Mind you im not a broker neither do we advice in transaction of shares but if with tradealert you can take control of your investment

I'm getting some before Friday hopefully, what do you get after you buy the shares, do you get a certificate or some sort of receipt?

Hi,
   Can anyone in the house explain this Oceanic fund to me. What is the minimum investment and what percentage of interst are they paying? Also if I Can I  have a contact no to their office.

Thanks

bayo akin,

Oceanic Vintage Fund is a form of Mutual funds,mutual funds are funds fund managers pull together from people with the same investment objectives, who do not have the time nor sufficient money to invest in the several Blue chip companies,these fund managers pool your funds together and invest on your behalf (using their own discretion) after which dividend would be paid to you (usually at the end of every Year, depending on how well the fund was able to be managed).You can buy vintage fund with a minimum of N50,000 at N1 per share.

There are things to look out for before investing in a company. Please read up my contirbution to this topic. There I have highlighted the factors that make a company worth investing in.

Having said this, I will still suggest that you buy more of Dangote Sugar IPO. I don't have much faith in tyre and plastic manufacturers in Nigeria and Dunlop comes under this sector.
The manufacturing sector in Nigeria is still pretty fabble and although Dangote Sugar Refinery is somewhat into manufacturing, Sugar Refining, it is into a business that is profitable.
Sugar will always be consumed, it is for now the only company of its kind in Nigeria, it is one of the world largest sugar refining companies and the Chairman, Alhaji Aliko Dangote, is an astute businessman. Since Dangote still owns a large majority of the shares in the company, he will watch keenly over it and not allow the business to flop.

All the same, you still need to be watchful. Considering what recently happened to Bunmi Oni of Cadbury and Cadbury Nigeria (overstating the company's balance to cover loses and shore up share price) and remembering what happened to Enron, Worldcom and BCCI, you can not just buy shares and go to sleep. Always watch over your stock and bail out as soon as you hear a hint of shady business deals.

@ Funloving. Great Post!!

However, I really wonder why majority of the posts has been on Primary Market IPO/POs when there's so much money to be made in the secondary market i.e on NSE Floor.
Recall that with IPO/POs, one falls into the attendant risk of Certificate Manipulation (pending e-cert), Verification issues, bank confirmations etc!!!!

My Opinion: The likes of Diamond, GTB & Zenith on the floor are great buys now for a 6-8month horizon for conservative 30% profit!!, Who agrees/disagrees???

Anyone know the reason why it takes several days/weeks for nigerian stockbrokers to buy or sell shares from the day you instruct them to do so?

Gbenga, to be honest im not too confident with the dunlop shares.

 Hey LoverBwoy,

I don't think you should generalize your statement i.e"it takes Nigerian stockbrokers days/weeks to execute your orders". I personally know that it is not true,your orders takes 24hrs to be executed(i know this because i work in a Stockbroking Firm).There are some reasons why your trades are not executed on time;
1. Your cheque hasnt cleared and the firm is not ready to stick its neck out for u.
2. The Stock is on bid (i.e. theres so much demand and no supply).
3. The stock is on full suspension.
4.The stock is on offer i.e no demand (In the case of when u want to see).
5 A CSCS number has not been generated for you.
Aside the following reasons,i don't see why your trades cannot be executed in a day or  maximu two days.

enjoy!!!

Re: funloving,

I agree with your steps for company analysis, but i must also say that all u have talked about is the fundamental aspect of analyzing a company.The truth is all stocks will do well in the long run as long as the fundamentals (what you have listed) are right,but how do you take advantage in the short run?Thats where the technical analysis comes in and ofcos u have to understand the perculiarity of the nigerian stock market.You must agree with me that a little rumour can make a stock price soar in a span of one week, look at the case of ibtc when there was a rumour of their merger with stanbic the price went from about 5 naira to over 7 naira in a week.Also take the case of Ecobank's merger with First bank, the price of ecobank went from N5 to over N9 even after the one for one bonus declared and people have made millions out of that.Also, take the case of Cement company of northern Nigeria CCNN,the company has been making a loss for sometime now but because of the demand pressure in the industry as a result of the ban on importation of cement and the share price increase of its peers in the industry,it rubbed off on the stock too despite its poor fundamentals.The stock went from N4 to N21.57 in months!!!The question now is, does ecobank or CNN have all the qualities you listed? the answer is no! and did people make money or not in a span of weeks/months? the answer is yes!As much as the short run is very risky,those with a high level of risk has cashed out a lot richer than before and ofcos some have got their fingers burnt.
Back to the question of Dunlop and Dangote,how can u ascertain that the statistics given in dangotes prospectus is true?I personally believe it was doctored to an extent and there was no way they could have that high operating margin.Another issue is that dangote sugar is a new issue, so u don't have past records to work with i.e dividend payout, bonus payout and all.Whats the essence of making so much profit and you give your shareholders stipens(take the case of Zenith bank).Not withstanding, Dangote Sugar has lots of potentials but people shouldnt not overlook the risk involved,the Nigerian Stock market is driven by bonus and not dividend,so if all DSR pays is dividend u can't expect an exponential price increase.DSR is also a kind of monopoly for now so they have an edge because people will always consume sugar(meaning there will always be demand).Dunlop on the other hand have had financial issues in the past due to mis management but there has been a major restructuring with that company and if you look at the past trends,u can deduce that dunlop will bounce back on their feet if resources are properly utilized.
In conclusion, both Dunlop and Dangote are good BUYS.But you will get the return on your investments faster in Dangote than in Dunlop.meaning Dunlop is a long term investment while DSR is a short-medium term investment.

I must also add that the greatest investors in the world,didnt invest in companies when the "going was good"(right fundamentals),they saw an opportunity in the Company before most people did and they seized it!!!
Invest wisely but be cautious!!!

@gbengaijot

when did you go back to london, didnt you come back to Naija a couple of months ago

P.S i still applied for the visa and i was refused.

@topic

please more tips

what the least amount one can bring to the secondary market to buy shares because i'm reading here amounts upto 250,000. Does that mean one can only trade if you have that much money

Cuppcakke
I shouldnt really generalize

I'm actually talking about when it's time to sell- when the share price are high, not buying shares on credit

same here, i think they are usually overstrecthed

One more thing, why does it take ages to get a certificate?


_{Gbenga whats your msn?}
I made mistake last december with the IBTC and discovery fund, I thought the whole point of having the whole thing on the website was so people could do it from anywhere in the world but they kept telling me to come to their office for more info. they want me to come to lagos hmm how helpful 

@Abroad-based people.

I am speaking on behalf of President Obasanjo

Come and invest the money in Naija. We are on our knees.

Anybody need the forms (Dunlop and Dagote), shoot me a mail.

Hey Guys, the stock on board now is the oceanic vintage fund.its a unit trust fund whereby investors pull their fund together to invest in viable stocks in market. its selling at 1.00 per unit, but the minimum you will invest is 50000units, that is 50000 naira.

Guys you can't afford to miss this,offer closes on wednesday being the 20th of december 2006.

Note: its selling at 1.00 per unit and it cannot fall below that 1.00.so you have an advantage of buying now its still on IPO,because when the offer closes i bet you will never get it at 1.00 again.

please guide your future and your childrens future now, go to any oceanic bank branch to get a form.

or call me with this line  08036007632.

THINK BANKING, , THINK OCEANIC

BANK OF THE YEAR 2006