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pumping777 (m)
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@ Pumping,
Oga Pumping what is your take or feeling about Bank PHB currently.
Na the first question I go ask you today be this oh.
Zenited we stand! PO - Strong buy for me. By the time the certificates are out Platinum will not be smelling N25 because the PAT will have grown to make it under-valued at that price. On the floor - Moderate. I see about 6 months for results to catch up with the dilution from the PO. At current earnings the stock is fairly priced in my opinion. A PE of 25 even with oversubscription of the PO. With the additional output from the PO funds, I think by the time we see a couple of interim results anyone buying at today's price will have a wide grin  Buying during TS to take advantage of bull run - Undecided. A lot will depend on if an interim result is on its' way and how other banking stocks are doing after TS is lifted. |
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pumping777 (m)
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Thanks Ololufemi, so I can sell my Zenith, to buy more from the PO??? That was why i asked, because the bonus hasn't been credited me, but since the dates have passed, what sayest thou?
I beg sell to me Honestly, why sell Zenith now? I know January '08 is still some time away but you may have regrets at that time when TS is lifted. |
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ololufemi
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@ Upward, Quote from: upward on Today at 10:48:20 AM Thanks Ololufemi, so I can sell my Zenith, to buy more from the PO??? That was why i asked, because the bonus hasn't been credited me, but since the dates have passed, what sayest thou? I will give you N1 for each share you sell to me on the floor But on a more serious note These two stocks are the hottest on the floor and those who buy now will grin with laughter next year. I am expecting a PAT of about N32 billion from Zenith. Keep those shares and smile in the coming new year. |
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pumping777 (m)
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@ Pumping,
Second Question: What is your analysis of flourmills. (Short term and Long term)
Flour Mills: My analysis is based on a conservative growth of 10% based on the Q-1 results. Hopefully something better will come out. Short term - Just Okay. The price is attractive right now at around N75 and maybe it will drop further. The projected PE is around 14. I bought at N73 three weeks ago but the price has been relatively flat so it's not been a quick cookie for me short term. I don't know if an interim result is expected which can move things up. The Q-1 result does not usually reflect the final outcome so a relative better Q-2 result should do the trick. Long Term - Strong Buy. Like I said, the price is good and I expect majority interest that will accrue from increased activities from Bagco after the PO to prop up profits even further. |
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upward (m)
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To Ololufemi, and pumping, I will give you N2 for every unit you buy from me. . I bought those shares during the IPO so i've made enough profit, make una come buy now. Well, the wahale sef be say they never verify the certificate finish., Please how much bonus did tehy give, i/e one for every , |
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RoughCut (m)
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To Ololufemi, and pumping, I will give you N2 for every unit you buy from me. . I bought those shares during the IPO so i've made enough profit, make una come buy now. Well, the wahale sef be say they never verify the certificate finish., Please how much bonus did tehy give, i/e one for every , They declared a dividend of N1 and a bonus of 1 for 4 if my memory serves me right. I'm still waiting for both. I might just take you up on your offer though but seriously hang on to your shares till when it comes off TS but then if you need the money to lock into some other opportunities by all means. If i add small change to my dividend from Zenith i think i can get as far as Isle of Wight in England make i be like oga wanaj0. The thing never reach make i take flight go naija |
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wanaj0
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I commented on this a few weeks ago.
I joined the ship 3 weeks ago @N77. I'm jumping ship today after over 40%. No liver again. AP is the main driver in the sector especially with Otedola. As AP continues to head north Oando and Total are bound to follow. Expections of companies moving from marketing to downstream oil sector. This is an area where an Oteodola advantage is expected.
AP is bidding to take over some Shell infrastructure.
However, Oando is ahead of AP in terms of earnings and I've seen a presentation of their strategic business plan. So if AP is moving so is OandO. Also Oando still has a much lower projected PE than AP. 30 to 22.
OandO is fundamentally better than AP. Governance issues is my fear with OandO. Forward PE of <20.00 is good for OandO. Nothing special about the bloc that AP is bidding for. Shell is selling its minority share (43% or so). Production from the block is about 21,000bopd. Not much if you ask me. Until the sector is deregulated, watch with care. |
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pumping777 (m)
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OandO is fundamentally better than AP. Governance issues is my fear with OandO. Forward PE of <20.00 is good for OandO.
Nothing special about the bloc that AP is bidding for. Shell is selling its minority share (43% or so). Production from the block is about 21,000bopd. Not much if you ask me.
Until the sector is deregulated, watch with care.
You see say I dey jump ship already??? Regarding the bidding on the oil block by AP. The specific block is not so important. The fact that they are going into the sector at all is the main attraction. As an example, OandO is planning expansion into energy services, exploration & production, refining and power generation. OandO Currently own interest in these 4 assets OPL 278 OPL 236 OPL 282 OML 56 Government regulation so far is to the advantage of the indigenous companies. |
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barge (m)
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@ ololufemi
nice job with your analysis on PHB.
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tonyjon (m)
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Wanaj0 and Pumping 777,
What do you guys have to say as regards CONOIL PLC?.
Peace.
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damoche07 (m)
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OandO is fundamentally better than AP. Governance issues is my fear with OandO. Forward PE of <20.00 is good for OandO.
Nothing special about the bloc that AP is bidding for. Shell is selling its minority share (43% or so). Production from the block is about 21,000bopd. Not much if you ask me.
Until the sector is deregulated, watch with care.
Wanajo,am always impressed with your reach.the field is doing 17bopd and quickly declining but it has some other fields on the bloc.shells interest is 49.81%.the 2 blocs are also going together .AP WILL NOT GET IT. except something extraordinry happens.if thats what driving the price up,then i predict a correction soon. |
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realkemmy (m)
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i ve a test in meristem securities limited next week tuesday. does any body ve info on wat i should expect.
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ololufemi
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@ All, News hot from the grapevine, Official Listing of 2,000,000,000 ordinary shares of 50 kobo each of BIG TREAT Plc. at N2.85k per share on the floor of the Nigerian Stock Exchange is now official. Anyone interested in this. Very Soon, TFC, Chicken Republic and Sweet Sensation go do Private Placement. |
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pumping777 (m)
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Wanajo,am always impressed with your reach.the field is doing 17bopd and quickly declining but it has some other fields on the bloc.shells interest is 49.81%.the 2 blocs are also going together.AP WILL NOT GET IT. except something extraordinry happens.if thats what driving the price up,then i predict a correction soon.
This particular bid is not driving the price. It is the fact that AP is going into the sector generally. I think 4 events have significantly(and suddenly each time) driven the price of AP in the past 4 months. 1. Resolution of the court cases with AP. 2. The resumption of Otedola as Chairman 3. The announcement of the new executive officers 4. APs foray into the downstream petroleum sector In the first 3 cases, at least a 25% rise in the price is sustained. Don't expect any major correction. I bought at N60 in August and sold for N95 in September expecting a correction. I am still waiting  Regarding wether AP will get something or not, you just have to factor in Otedola. Not saying he will get this one, and it may only be symbolic really but the man has a way of getting things. I have a feeling AP will end up being the biggest player in this sector. |
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ololufemi
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@ All, My mu just received her Oceanic certificates. hope others on this forum have received their too. I m still expecting mine to be delivered and we used the same postal address. Beats my imagination  any helpful news on this. |
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pumping777 (m)
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Wanaj0 and Pumping 777,
What do you guys have to say as regards CONOIL PLC?.
Peace.
Sorry, no real info on this company. I have some numbers. The projected PE is around 31. The company is doing worse as at Q-2 this year than last year. Lower turnover and lower PAT. I think this belongs to Adenuga se? This could be a factor. The man does not seem to be able to end his problems with the government. I read this week that the British government want to probe him and is asking for Nigeria's assistance. I'm not sure if he is back in the country yet after eloping. |
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Temmie10 (m)
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@ All, My mu just received her Oceanic certificates. hope others on this forum have received their too. I m still expecting mine to be delivered and we used the same postal address. Beats my imagination any helpful news on this. Well, lets just say that if u and your mum all got at the same time, your family could potentially depress the price of the stock  thats a joke but i hope u see my point. |
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Man Jiro (m)
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Hi All Somebody once mention a new web site for CSCS. Can any body remind me? It was changed from www.cscsnigerialtd.com to something. |
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aktopgun (m)
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is the market open anyone
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pumping777 (m)
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Hi All Somebody once mention a new web site for CSCS. Can any body remind me? It was changed from www.cscsnigerialtd.com to something. Really?? When was this? I accessed the site yesterday. Now I can't but it is normal during trading hours or even work hours in Naja that the site hardly ever comes up. |
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ololufemi
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@ all,
Flour mill is coming into my trajectory line and its starting to beep.
Lets watch this stock. If it falls to between 70 and 73, i go enter oh.
Attention: Fatherof2, pumping, Easimoni, Yodiyokun, Roughcut, Shigidi, Temmie10, Wanaj0, aktopgun (hope junior don drop), and everyone wey dey nairaland
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adeyinkat
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@ All Gurus,
Please does anyone have information about the closure date for the bonus declared by Unity Bank last FY? I bought some on the 8th of August & I really want to know if I'm qualified before I sell.
Also, is it my broker's duty to help get any bonus accuring to my account with them? What if I buy a PO through a broker, where is the cert. posted to & can my broker help facilitate my getting the certs? (at least let them do something to earn the commission)
Somebody help answer these pressing questions plssssss! Thanks a lot!
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freelance (m)
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Skye bank has been placed on technical suspension. Sure they would be coming to the market soon. Guess alot of people are getting tired of bank shares.
Thanks
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pumping777 (m)
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@ All Gurus,
Also, is it my broker's duty to help get any bonus accuring to my account with them? What if I buy a PO through a broker, where is the cert. posted to & can my broker help facilitate my getting the certs? (at least let them do something to earn the commission)
Somebody help answer these pressing questions plssssss! Thanks a lot!
This could vary from broker to broker but this is my own experience. It may depend on the size of your portfolio. If it is sizeable enough depending on the broker, they will change your address to their own address so everything comes directly to them and they can do the dirty work for you. Otherwise it goes to your private address and you have to take care of business |
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adeyinkat
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@Pumping 77 Thanks a lot man. I know they'll change my address to theirs soon let them just give me some more time! @All, Anyone with answer to the Unity Bank bonus question please? Helloooo, is anybody there,, echooooo! |
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Ola007 (m)
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Anybody watching OandO? ? Now close to 110.00. If you bought last week, you should be having over 25% now. Did anyone pick this up with their charts and trends? Brought some at 77, not sure whether to sell or hold. |
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pumping777 (m)
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@Pumping 77 Thanks a lot man. I know they'll change my address to theirs soon let them just give me some more time! @All, Anyone with answer to the Unity Bank bonus question please? Helloooo, is anybody there,, echooooo! Sorry I missed that. The closure date is 9th October so if you bought 8th of August you definitely qualify for the bonus. |
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wanaj0
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@ all,
Flour mill is coming into my trajectory line and its starting to beep.
Lets watch this stock. If it falls to between 70 and 73, i go enter oh.
Attention: Fatherof2, pumping, Easimoni, Yodiyokun, Roughcut, Shigidi, Temmie10, Wanaj0, aktopgun (hope junior don drop), and everyone wey dey nairaland
Flour Mill is a LONG term BUY. @ All, My mu just received her Oceanic certificates. hope others on this forum have received their too. I m still expecting mine to be delivered and we used the same postal address. Beats my imagination any helpful news on this. If you bought more quantities than your mum, you may be asked to come and pick up your certificate. That may be a reason. Note also that the certificates are always posted in batches. It is not an easy job. This particular bid is not driving the price. It is the fact that AP is going into the sector generally. I think 4 events have significantly(and suddenly each time) driven the price of AP in the past 4 months. 1. Resolution of the court cases with AP. 2. The resumption of Otedola as Chairman 3. The announcement of the new executive officers 4. APs foray into the downstream petroleum sectorIn the first 3 cases, at least a 25% rise in the price is sustained. Don't expect any major correction. I bought at N60 in August and sold for N95 in September expecting a correction. I am still waiting Regarding wether AP will get something or not, you just have to factor in Otedola. Not saying he will get this one, and it may only be symbolic really but the man has a way of getting things. I have a feeling AP will end up being the biggest player in this sector. AP always being in the downstream sector. They are just joining the upstream sector. The major thing responsible for the rise in price of AP is the resolution of the debt overhang and the taking over of NNPC share by Otedola. That said, the margin in that sector is small. AP is lagging behind the other majors. So don't see how that translates to better profits except for market sentiments. Sorry, no real info on this company. I have some numbers. The projected PE is around 31. The company is doing worse as at Q-2 this year than last year. Lower turnover and lower PAT.
I think this belongs to Adenuga se? This could be a factor. The man does not seem to be able to end his problems with the government. I read this week that the British government want to probe him and is asking for Nigeria's assistance. I'm not sure if he is back in the country yet after eloping.
Conoil facing the same problem like all the other petroleum marketing companies. Dwindling profits. Untill there is full deregulation or price increase, no show. |
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RoughCut (m)
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hmmmnnnnnnnn, planning to cycle in on FCMB as soon as TS is lifted(actually i'm cycling in now) and hopefully by the time i cycle out the TS on bank PHB would have been lifted so i can ride on that one! |
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wanaj0
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damoche07,
You are right on the ABO production. Production is going down fast. It is governed by PSC rules. It was really a very small field in the scheme of things.
Those blocs are not lucrative. They are marginal field. That's partly why Shell is willing to let go.
Doubt though whether AP will be able to raise the funds for the acquisition.
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pumping777 (m)
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AP always being in the downstream sector. They are just joining the upstream sector.
The major thing responsible for the rise in price of AP is the resolution of the debt overhang and the taking over of NNPC share by Otedola.
That said, the margin in that sector is small. AP is lagging behind the other majors . So don't see how that translates to better profits except for market sentiments.
Conoil facing the same problem like all the other petroleum marketing companies. Dwindling profits. Untill there is full deregulation or price increase, no show.
A mix up of the two terms.` OandO continues to grow profit. The Q-3 PAT for 2007 is already more than the Full year PAT for last year. I had AP shares so I was following the price movement. Otedolas' impact was major no doubt. It drove the stock price from N60 to N93 and then dropped to N73. From the day the new executives were announced, the price shot up from N73 to N113 then went back to N84. Then with this upstream news and usual end of year rumours it rose to N148 as at yesterday. I definitely don't support these current prices which is why I bailed out of AP and I am bailing out of OandO today but I expect a great future for OandO. |
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