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Omoba3 (m)
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@ Everyone don't you think its time to revisit Transcorp? OBJ has carried out his selection and therefore Transcorp is here to stay. This being so, you can bet your last Naira that Transcorp is on the way up and will make its investors smile. Here's my proof, which came after the selection: Vanguard
Transcorp is a public company that no government can fold up
Franklin Ali
Tuesday, April 24, 2007
The Nigeria-Britain Association (NBA) said that it is leaving no stone unturned in its march towards making qualitative and positive impact on the national economy. This it carries out by providing platforms for institutions to interact with the larger society. In one of such forum Transnational Corporation of Nigeria Plc (Transcorp) recently highlighted its operations, vision, mission and goals as well as explaining grey areas in the corporation activities. , This, according to Okoye, is to be achieved by substituting the country’s importation with local production by partnership with foreign producers to have production plants in Nigeria., Transcorp he disclosed will not only ensure steady and continuous appreciation of the naira against other international currencies but will make assist in checking poverty in the continent., Responding to a question on the political undertone of the corporation, that it is owned by President Olusegun Obasanjo, the GED noted that government’s involvement was just the provision of an enabling environment for the smooth taking off of the project., Responding to the question that a new government might kick out the corporation, he said the corporation is a public property listed on the floor of The Nigerian Stock Exchange whose shareholders also include institutional investors in Nigeria, South Africa, Europe and America, and that no government will do that as TransCorp is a transnational corporation with root in the private sector.http://www.vanguardngr.com/articles/, 624042007.html |
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dollyp1cute (f)
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@Tmoni
He has something for Diamond bank but i am not feeling them, he said because they got some foreign investors interested in them. Then the usual suspects, UBA, First Bank and he said to leap into Dangote but not yet.
I want to try investigate the stocks myself afterall it's my money, get the drift.
I also know there are gems in the second tier markets (penny stocks) so we'll see
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Tmoni (m)
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i wonder where mr frank, windywendy and cheexy are,
[size=8pt][/size]come back
@dollyp,
sent u a copy of the daily update
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frankiriri (m)
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i wonder where mr frank, windywendy and cheexy are,
[
I have been around. |
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dollyp1cute (f)
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@frank welcome back.
What do you say about Diamond bank?
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cheexy (f)
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i wonder where mr frank, windywendy and cheexy are,
[size=8pt][/size]come back
@dollyp,
sent u a copy of the daily update
I am here. Didn't renew my starcomms subscription early. I am back now |
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cheexy (f)
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@Tmoni and Omoba, Thanks for the info about UAC and Transcorp @dollyp1, I think diamond band is good for medium term because of the investment by Actis. This would provide them with additional funds to provide more services to customers. They may decide to go into branch expansion, offer better services etc. That would in turn affect its earning and lead to capital appreciation when better results are released. please note that it may go either way. @everyone, You can send your letters to Abayomi Obalujo, the stockswatch editor at editorstockswatch@yahoo.com. You can tell him that you want a website built and all. |
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dollyp1cute (f)
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Thanks cheexy
I need to go and read their previous report. I am wary because the other banks are doing extremely well so we'll see.
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cheexy (f)
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@dollyp1,
From my calculations, if you bought the shares in question from the secondary market, using the former commision rate, the maximum rate a stock broker should charge is 4.07%. If that is the case, then 4.07% of 69790 equals 2,840.45. My advice is for you to find out the exact % your stockbroking firm charges and do the maths yourself to prevent any "petty rip-off". I know that the difference is not that much but as they say, "Little drops of water make a mighty ocean" A little 200 naira here, a little 500 naira there and before you know it, you are forfeiting hard end money on miscalculated rates. Just try to be at the helm of your affairs.
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dollyp1cute (f)
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@Cheexy
You are an ogbologbo at this thing, much respect.
Yes they charged me 2840, apparently i was looking at the wrong figure.
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cheexy (f)
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@dollyp1 Thats a relief  |
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frankiriri (m)
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@frank welcome back.
What do you say about Diamond bank?
I think it is okay at the current price. The technical suspension has not yet been lifted as they habe not finalised the private placement they did. If you can get the shares to buy go for it. |
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cheexy (f)
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@Mr Frank
Do you have any idea when dangote flour mills public offer is coming up? I heard from someone that the offer is only going to last for a day. Do you know how true that is? Any leads?
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cheexy (f)
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I was going through the ibtc equity fund website and i saw two prices quoted. What is the difference between a bid price and an offer price. please can anyone explain. Thanks
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dollyp1cute (f)
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@cheexy
To my knowledge, bid price is what the sellers are putting the shares at, offer price is what buyers are offering to pay for it.
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Tmoni (m)
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wellcome back 2 greats, 1 more left to come back  hello dollyp  , @cheexy, i go with dollyp's suggestion on the diffrence between bid price and offer price, |
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Allcorrect (m)
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Well diamond is hot with an eaning per share of 61kobo at a prce of N10.7or the 3rd quarter it is a lot better than the likes of access which is is at N15. Asked my broker bout the stock but it seems it is vey scarce but promised he could help me get it. He said i should consider Nig. wire and cable, which is undergoing liquidatiion, the stock is even scarce. I wont even buy that stock in my dreams, but these days i am having a rethink, with what happened to National Salt and Costain. |
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Allcorrect (m)
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Based om my litlle knowledge of this, i think offer price is the amount you will pay per unit if you are buying into the system while bid price is the value of the unit when you decide to sell part or all of what you have in the sytem. Its a little different from stock market quotes even though they trade regularly.
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enurayce
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to all the pros in the house.
I need you all to please help me with a list of possible low priced stocks with growth potential and why you think so.Indicators could be provided also.
Thanks
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enurayce
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to all the pros in the house.
I need you all to please help me with a list of possible low priced stocks with growth potential and why you think so.Indicators could be provided also.
Waiting for your response
Thanks
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windywendy (f)
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@Tmoni I've not been around for a while due to work pressures. But my schedule has freed up a little more, so I can send quick responses to questions |
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windywendy (f)
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@ Cheexy: Bid price is the price the broker will buy your shares from you if you want to sell to them, while the offer price is the price they'll sell to you if you wanted to buy from them. The difference is called a "spread" which is what the broker makes as profit. However this doesn't apply to stocks on the floor of the exchange as they're traded at one price. It's probably more applicable to mutual funds.
between, any news on why Stockwatch thinks Afribank is a hot stock? My brokers seem bullish on it too
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K2
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@Windywendy. Bid and Ask may not apply to shares on Naija's stock exchange but it's standard practise around the world. There has to be a bid offer and an ask offer. Just to refine your definition a bit, the bid is the price at which those on the floor of the exchange would buy it from you and the ask is the price at which they'd sell it to you. Is just like buying and selling of foreign exchange in Bureau de Change or black market.
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SLEEK_CHIC (f)
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@ cheexy, windywendy's right. Bid price is the price the broker will buy your shares from you if you want to sell to them, while the offer price is the price they'll sell to you if you wanted to buy from them. The difference is called a "spread" . It does not apply to naija stocksand i don't know of foreign stocks, but I know it applies to forex and to mutual funds. From my knowledge of forex, if you buy a currency at 120.05, you enter the market at 120.01, and vice versa if you are short selling. The difference is the "spread" which is gained by the broker. In funds, if you (as an investor) buy units within a unit trust you will always pay the 'offer' price( also called the 'ask' price. If you sells such units they will be sold at the 'bid' price. So you actually buy at a higher price than what the seller is actually selling. The difference goes to the broker. K2's also right. Just like the Bureau de Change or black market. |
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Allcorrect (m)
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The truth of the matter is that most prices of stocks are already high and tendecies show that they are going higher. Most companies are going to release their audited result from this month until about sept, expect hyper prices, banks like FBN, UBN, Zenith, Access and the likes. Insurance is a good industry to chhose from going by the recapitalisation. They are quite fair considering that they are yet to release their results. Price appreciation is expected. So make that move.
I was wondering ow much is stipulated for share certificate verification. Someone should help out here.
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Dis Guy
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How sound is Wema Bank? According to Omoyeni, the bank's profit surpassed N5 billion in the 2006/2007 financial year, and its balance sheet grew by 89 per cent in the last two years from N97.91 billion to N185.15 billion.
Also, he revealed that the bank's deposit base increased by 114 per cent from N61.29 billion to N131.08 billion, while gross earnings grew from N15.29 billion to N25.1 billion, indicating a growth rate of 64 per cent. guardian looking good How do you guys get regular objective news about companies you are investing in, sometimes i feel most of the infos i get in newspapers are sugarcoated as if the reporter are working for the companies |
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SLEEK_CHIC (f)
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@ allcorrect:
For my stock broker, there is no fixed rate for verification. He says it depend on the volume. So the price varies. I don't know if its same for all stock brokers, but the lowest i've paid is N300 and the highest is N1000.
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frankiriri (m)
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I was going through the ibtc equity fund website and i saw two prices quoted. What is the difference between a bid price and an offer price. Please can anyone explain. Thanks
To bid means to offer to buy . The bid price is the price at which ibtc will redeem the units from existing holders. whereas the offer price is the price at which they will sell to prospective unit holders. The bid price is usually lower than the offer price. |
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frankiriri (m)
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Quote from cheexy
Mr Frank
Do you have any idea when dangote flour mills public offer is coming up? I heard from someone that the offer is only going to last for a day. Do you know how true that is? Any leads?
I don't know when the offer will be out but I do know that it can not last for only one day. The mininum period for public offers is 21 working days.
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Omoba3 (m)
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@ Frankiriri - What do you think of stockmarketnigeria?
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frankiriri (m)
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@ Frankiriri - What do you think of stockmarketnigeria?
What's there to think. I usually already have the information that is available there. If they notified registered members each time the information is updated, it may help to make the site more informative. The free e book is however very educative. |
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