Stock Market Tips For Nigerians

Zenith is good both ways.But i develop cold feet for any PO because of that verification horror of the past. The only PO i tried was Union,i had about 167000 units of that stuff which i bought in two names.I didn't like the 4month experience i had trying to verify the Union.I only thankGod Mr.Ebong delayed the results long enough for my verification ordeal to be over.
But i think you're very free to have it both ways with Zenith(hoping e-credit goes well next year).I just want to see how long it takes after a PO is concluded before CSCS accounts are credited.
Knowing Nigeria,another bottleneck could arise after PO's that could cause crediting of CSCS accounts to take like 7months again.These banks won't like to just see their prices fall so fast so soon if everyone can automatically cash in so fast and same time.First bank has no problem with e-credit.They don't really manipulate their prices.But others do a lot.

@ Fatherof2,


Heres another disciple. It seems your disciples are increasing daily baba ke.

You may soon become FatherofMany.  

@FatherOF2

Regarding the Thursday/Friday action dates.

From your previous posts, my understanding is that these are good days to SELL. Is this correct or does it apply to BUYING as well?

Nothing. I have never had anything to ask you before now.

You've never asked me a question before also but that does not mean you cannot ask me something tomorrow 

Only a fool keeps his question to himself 

I give you an example.Look back in the last 3months.Try and observe when some of the BLUE CHIP companies announce their results.If you've been keeping any accurate records,you'll see it falls mostly on Thursday or Friday.Now you're are not on the trading floor.If you've noticed a gradual consistent descent in a stock you've been watching.You can give your buy order to your broker on these days (particularly when you're anticipating a release of results for that month).You would have taken your position if you're lucky before the results comes out and everyone else would hear tomorrow morning and prize starts jumping again.Same also,don't be greedy,set your exit target and sell those days while buyers are available.Most people give their brokers sell order in panic when they see prices falling next day,not knowing some people don carry their own run.
Pumping i go soon ask you big question.Hold your calculator one day.

@ Fatherof2,

I noticed something and would want to ask if you concur

The current PE ratios for Bank PHB and Zenith are lower than the kindustry average and generally across the industry, Their forward PE ratios look fantastic.

Bank PHB is even aiming for a PE ratio of between 8 and 10 in 2010.

Anyway they claim that the can make cars run on water so why not this PE ratio. Wish them luck  

I think I am going to stake my cash on these two in the secondary market but I just have to buy Zenith PO because I get to satisfy someone.

To conclude, Bank PHB should be trading at N32 to N34 while Zenith should be at N53 to N59.

Still conservative figure though.

Holla back big bro

Does anyone have the results for Ikeja Hotels? The formatting is is messing up the data on proshare.

Yeah i agree.But the thing is that i'm not buying them because of their future PE's.The fact is that if your PE is good now now and your result was good in the past (like two quarters) and i'm expecting your result in two months time,i will buy you.As per the forward PE,that is why i said PUMPING will hold his calculator one day for me.

Help needed should i hold on to my MBenefit or just move. i have a substantial holding though and am at break even point right now.

@PUMPING

IKEJA HOTEL PLC
NINE MONTHS UNAUDITED RESULTS FOR PERIOD ENDED 30-09-2007
                       2007       2006    
TURNOVER     N3.839b    N3.403b    
PROFIT BEFORE TAXATION N929.943m  N809.501m  
TAXATION              (N297.582m)        (N242.734m)
PROFIT AFTER TAXATION  N632.361m  N566.380m  

Thanks!!

Of course i'm interested in the future earnings.But when we don dey near that"FUTURE BRIDGE" i go take position again.
Short Term for me is  0(zero)-3(Three).Everything in between included.
Once upon a time GTB was N28 about the last week of September/1st week of October.Anticipation started.If you sold the Thursday before that closure date i believe you haveb some 21% in your pocket.Lets see its behaviour by the month of February (0-3 months before its historical announcement dates).You can be taking part in other actions between now and then.

Oh baba pumping you don dey get am. Na car you take hit nail for head.
Exactly.Whatever margin is left after the result is announced may not be much compared to what you have already gained(particularly if you keep strictly to your profit margin target).The only exception is when you're sure the rumour and scent of bonus is too strong in the exhaust coming out of NSE trading floor Airconditioners.
But for a stock that lays dormant all year round and only releases year end result you can take position and carry your margin after announcement go keep for your Zenith Bank account.

any news on the much awaited access bank results

E dey come.Soon,
You should have exited your MB last Thursday while buyers were available.It had a higher price.Its hard to sell when everyone is selling.

@FatherOF2,

no bi me get Afroil o.i started usin it as my nairaland Id to serve as a remembrance for d fuckin =N=1.5million net gain i made from it middle dis yr durin the long rally upnorth d moribound stock (so to say some peeps on dis forum) made dat time.i was among d luck ones dat reaped bountifully from it.

As per your broker, i just nid him for trading activities only nt 4 any other tins like advice on wich stock to buy or nt to buy,lailai.i myself i'm a stock analyst/picker myself,and i hav been doing dat on weekly/monthly basis 4 d past more than 3yrs now,it has been win-win tin 4 me.Though i rarely post thread on advice on stock on dis forum because i wait arguement based on my last experience.

still let me know your stock broker probably via my e-mail given earlier