Stock Market Tips For Nigerians

Here is what i don't get about Transcorps

It has 3  portfolio coys- NITEL,MTEL,Abuja Hilton-none of which are money spinners

NITEL needs huge capital infusion which will mean adding to the debt load of the coy ,besides the fixed line telecoms sector is not exactly a huge growth market

Arguably the mobile network mart is reaching saturation point and MTEL is a bit of a latecomer,it can't hope to win customers without offering very cheap deals which will depress earnings

I don't see the hotel biz as very lucrative either

More importantly,what kind of banana republic do we have where a coy can do an IPO without  having a trading record
Everywhereelse a coy must have a trading record for a certain number of years before offering its securities to the public.In the UK its 3 years under the same mgt

And why the hell is the President of the NSE moonlighting as the Chairwoman of the Board of Transcorps?

I've been investing on the NSE for a couple of years now and have made some really tidy sums. If  you're interested in investing, look for a company with strong fundamentals -- management, market share, brands that are leaders in their respective segments, growth potential and of course, solid financial track record. And most importantly, DO YOUR OWN RESEARCH!!!

Transcorp lacks all  of these. Infact I wouldn't touch those shares at all. Besides there are far more outstanding opportunities.

Just by way of info, see http://www.tmcnet.com/usubmit/2006/12/04/2136441.htm for some news on transcorp. And I do agree with the writer's views.

You're welcome my brother!! 

Food for Thought - - - -

When I read the news that Mubadala will be acquiring a highly lucrative spectrum license for $400 million, what struck me was how mute everyone has been. Is it a fair deal? Could there be other Nigerian players behind the scene?. But no.  No comment.  Afterall, it's a foreign owned company, hence it's generally ok. Had a visible Nigerian company / entity put this deal together,  everyone would have cried foul,  The manipulation of minds by our semi-literate politicians and elites would have gone into full gear,  a programme of disinformation via the press would have been commissioned , 

A foreign company tried to buy Nicon Hilton for $50 Million four years ago. They won the bid, but couldn't come up with the cash. No comment. Any price is right for a foreign domicled company. TransCorp paid $105 million two years later, and that was suddenly classed  a giveaway.

In a strange way, I can't help but wonder if we really are hung-over from slavery.  We are certainly in self-destruct mode. I watch the do-or-die attitude amongst our politicians with trepedation. I watch the desperate pursuit of power and money by our elites, even at the expense of the survival of our nation, and wonder,  I wonder. . . . .

I believe it a good idea to invest in stocks but i will not want those that are fresh in it to run into problems. I will advice that as a beginner you should play safe and invest in those stocks that have a good track record. You need to study the firm well before you buy their stocks. Some of us who bought Oando plc. shares at N97 do not have any cause to be happy because for over a year now that stock has not gone up to N90, it's been hovering in the 60's and 70's. Right now it is N72.11. Since this, I don't just look at how the stock is performing but also at the constitution of it's management team.

Hello all. New to this forum but found it quite interesting.

To answer your question, from the time table, dangote shares should be listed by the end of march. On the merger issue, these banks actually have pre-merger performance records and actually have long time prospects. I wouldn't advise you go into any of them for the short term except if you have experience in trading and have developed your own trading system.

Regarding NAHCO, i don't have the slightest idea why it's rallying for now but I'll definitely let you know when i do.

The Nigerian market undoubtedly has growth potentials in various fields, and not just on petroleum only for we have an abundance in natural resources. For me though, i would admit my skepticism in investing in the Nigerian banking industry primarily because of the innumerable con-men and women we have as bank directors in Nigeria. (Wait, wait,  take a trip to a bank in Nigeria and see why, lol). With the banking industry, lets go back to the early 1990s when our country saw a lot of banks fold and corrupt CEOS fleeing the nation to foreign countries leaving shareholders at the mercy of a government who often enough is involved in it. Investors till today NEVER got all their due proceeds back. As a matter of fact, look at the situation with J.Okocha, it took our so called papa (or is it papiluwe) of the nation; OBJ to intervene.  Go figure. I do however admire the likes of great investors like Buffet as mentioned earlier, just that , mere admiration,  knowing so well that in our ONE NIGERIA and dogged business society he could be compared to our own untouchable Maradonna with various investments like the oil reserves, the shopping mall, the grand mansions, just to mention a few,  and a nation of like recruits that sheepishly idolize him, everybody want to be like Mike.
             What am i saying , be wary of the risks involved in a market and study the market thoroughly rather than buy in haste because some stock broker or a friend named LUCKY said so.
             I invest in US commodities, more often that not in growth stocks, some of which are penny stocks and i must say i'm impressed with my portfolio. Now i'm not a smart a lec stock broker but and here are a few items i look out for when buying or selling a stock.

1. First, i check the 52week high and low of this company and if the company has been in existence for more than 5years i observed its peaks and surges over this time period and investigate why with reporting company news either from the company's website or via Reuters News (or some other News reporting group). I'm looking for things like merges, new products, inside trades, new CEOs, etc. Basically on what is really going on with the company focusing more on that period i'm about to buy or sell.

2. Next, who is the current CEO of this company and how long has he or she been CEO, also where is this company located and its main branch? (don't mind me, i have my reasons).

3. Then i often check the current P/E ratio of the company. This doesn't play a big factor in my decision to buy or not to buy but you'ld want to know about the managment of this company and what investors think of it. If this ratio is very low it suggest that the company has poor growth potential, meaning less returns for your money.

4.  Then i observe how that company has performed compared to other companies in the same line of business over a period of time.

Use these few tips and you'll be fine , remember though THEY say that great investors are big time risk takers. Take care.

i have a very simple question. has dividends for the last zenith ipo been shared plz i'd like someone to plz tell me thnx

If you visit the website www.counterstrust.com and subscribe to their daily updates, you'll be able to get the financial year end for all quoted companies on the exchange.
I don't think dividends for the alst zenith IPO has been distributed but i stand to be corrected.

@okejazz: From my understanding of P/E ratios, the lower the ratio the better and not the reverse(at least from most articles on stock broking). Just in case i didn't get your information right.

Happy investing,

Hi Kinzy, Here are the Year End of the Quoted Companies of NSE



YEAR END DATES OF QUOTED COMPANIES
Security     Year End     Auditor
7UP   3-31   n/a
ABATEX   3-31   n/a
ABOSELAB   3-31   n/a
ACADEMY   12-31   n/a
ACCESS   3-31   n/a
ADC   12-31   n/a
ADSWITCH   12-31   n/a
AFEXBANK   3-31   n/a
AFPRINT   3-31   n/a
AFRIBANK   3-31   n/a
AFRPAINTS   12-31   n/a
AGIP   12-31   n/a
AGLEVENT   12-31   n/a
AIICO   12-31   n/a
ALEX   12-31   n/a
ALUMACO   12-31   n/a
AMICABLE   12-31   n/a
AP   12-31   n/a
ARBICO   12-31   n/a
ASABATEX   12-31   n/a
ASHAKACEM   12-31   n/a
ATLANTICBK   6-30   n/a
AVONCROWN   3-31   n/a
BAICO   12-31   n/a
BCC   12-31   n/a
BCN   12-31   n/a
BERGER   12-31   n/a
BETAGLAS   12-31   n/a
BOCGAS   9-30   n/a
CADBURY   12-31   n/a
CAP   12-31   n/a
CAPALBETO   3-31   n/a
CAPOIL   12-31   n/a
CCNN   12-31   n/a
CFAO   12-31   n/a
CHAMPION   12-31   n/a
CHARTERED   3-31   n/a
CHELLARAM   3-31   n/a
CILEASING   1-31   n/a
CONFDINS   9-30   n/a
CONOIL   12-31   n/a
COOPBANK   3-31   n/a
COOPDEV   12-31   n/a
CORNERST   12-31   n/a
COSTAIN   3-31   n/a
CRUSADER   12-31   n/a
CUTIX   4-30   n/a
DNMEYER   12-31   n/a
DTIMES   12-31   n/a
DUMEZ   12-1   n/a
DUNLOP   12-31   n/a
ECOBANK   12-31   n/a
EKOBANK   5-31   n/a
EKOCORP   12-31   n/a
ENAMELWA   9-30   n/a
ENPEE   3-31   n/a
EPICDYNAM   12-31   n/a
ETERNAOIL   12-31   n/a
EVANSMED   12-31   n/a
FBN (MERCHANT BANKERS) LIMITED   3-31   n/a
FIRSTALUM   12-31   n/a
FIRSTBANK   3-31   n/a
FLOURMILL   3-31   n/a
FOOTWEAR   12-31   n/a
FSB   3-31   n/a
GCAPPA   3-31   n/a
GLAXOSMITH   12-31   n/a
GOLDBREW   3-31   n/a
GROMMAC   12-31   n/a
GUARANTY   2-28   n/a
GUINEAINS   12-31   n/a
GUINNESS   6-30   n/a
GULFBANK   2-29   n/a
HALLBANK   3-31   n/a
IMB   6-30   n/a
IMPRESIT   12-31   n/a
INCAR   12-1   n/a
INLANDBANK   3-31   n/a
INTBREW   12-31   n/a
INTERCONT   2-28   n/a
INTERLINK   6-30   n/a
INTRAMOTOR   3-31   n/a
IPWA   12-31   n/a
JBERGER   12-31   n/a
JIB   12-31   n/a
JOHNHOLT   9-30   n/a
JULI   12-1   n/a
LASACO   12-31   n/a
LAWUNION   12-31   n/a
LENNARDS   9-30   n/a
LIBERTY   3-31   n/a
LIONBANK   3-31   n/a
LIVESTOCK   3-31   n/a
LONGMAN   12-31   n/a
MANNYBANK   3-31   n/a
MAYBAKER   12-31   n/a
MBENEFITS   12-31   n/a
MNS   3-31   n/a
MOBIL   12-31   n/a
MORISON   12-31   n/a
NAL   6-30   n/a
NAMPAK   3-31   n/a
NASCON   12-31   n/a
NB   12-31   n/a
NBC   12-31   n/a
NCR   12-31   n/a
NEIMETH   3-31   n/a
NEM   12-31   n/a
NESTLE   12-31   n/a
NIGERINS   12-31   n/a
NIG-GERMAN   12-31   n/a
NIGWIRE   12-31   n/a
NIWICABLE   9-30   n/a
NNFM   3-31   n/a
OANDO   12-31   n/a
OCEANIC   9-30   n/a
OKOMUOIL   12-31   n/a
OMEGABANK   2-28   n/a
PHARMDEKO   12-31   n/a
POLYPROD   3-31   n/a
PREMBREW   3-31   n/a
PREMPAINTS   12-31   n/a
PRESCO   12-31   n/a
PRESTIGE   12-31   n/a
PZ   5-31   n/a
REGENTBANK   3-31   n/a
ROADS   3-31   n/a
ROYALEX   12-31   n/a
RTBRISCOE   12-31   n/a
SAVANNA   3-31   n/a
SCOA   12-31   n/a
SECASSURE   12-31   n/a
SMURFIT   12-31   n/a
STDINSURE   12-31   n/a
STUDPRESS   12-31   n/a
TEXACO   12-31   n/a
TIB   12-31   n/a
TOTAL   12-31   n/a
TOWERGATE   12-31   n/a
TRADEBANK   12-31   n/a
TRANSEXPR   12-31   n/a
TRIPPLEG   3-31   n/a
UACN   12-31   n/a
UAC-PROP   12-31   n/a
UBA   3-31   n/a
UBN   3-31   n/a
UNIC   12-31   n/a
UNILEVER   12-31   n/a
UNIONDICON   7-31   n/a
UNIONVENT   12-31   n/a
UNTL   12-31   n/a
UPL   3-31   n/a
UTB   3-31   n/a
UTC   12-31   n/a
VANLEER   12-31   n/a
VITAFOAM   9-30   n/a
VONO   12-31   n/a
WAGLASS   12-31   n/a
WAMCO   12-31   n/a
WAPCO   12-31   n/a
WAPIC   2-28   n/a
WEMABANK   3-31   n/a
WTN   12-31   n/a
ZENITHBANK   6-30   n/a

Hello people,

Please does anyone know of a free software that tracks shares/stocks, (if any free one exists),  Suggestions about non-free software would also be appreciated.

Thanks Y'all

The major advantage the small brokers have is that they'll accept small amounts as deposit  for investment in shares. However they charge higher than the recommend 4.06025% o f the proceeds as commision and charges. Some even collect money to verify certificates. They are also prone to delaying your money with excuses of not having sold the shares.
The big companies especially the ones owned by banks don't deal with small accounts. They stick to the recommended charges and offer prompt services.
So if you have the big bucks go for the big brokers.

@ windywendy
How much is the minimum deposit accepted by your brokers.
Also what are their charges.
I am shopping for a new broker and I think I like what you've said so far about Countertrust

It was actually instituted by the Federal inland revenue service. The brokers and market regulators are still making effort to get FIRS to rescind its decision to make the market regulators pay VAT. If the tax remains then it  will mean that the total recommended charges will move uo to about 4.1175% per transaction.

i never invested in stocks before,but i have been learning a lot from here ,so i would like to know what u mean by excess funds and also what is the meaning of call rates ?

If you've got spare cash for investing, i'd advice you pick up UBA shares before the register closes on the 22nd of january. Not only will you get a dividend of N1 per share and a bonus of 1 for every 5 shares, you also stand to reap from capital appreciation and the stock will most likely continue it's upward rally even after it's price adjustment for dividend and bonus payments because it's first quarter results just released is fantastic.