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egoldman (m)
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House, thread carefully. If you are buying FBN u have to know that the minimum time you can hold on to it is about 9 months to 1 year because thats when they will complete the allotment and all the bla bla bla.
How did you come by this information ? |
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frankiriri (m)
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With the E-PO that they are doing I expect that they will be able to come out with their allotments earlier than that. THe only problem would be the verification by CBN
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noble2007 (m)
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@Allcorrect, Thanks for d info.Can i hav your phone number and or your e-mail address for personal discussion?Or better still please e-mail me on fullessgenerator@yahoo.com. Thanks |
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Allcorrect (m)
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@egoldman
If u have been trading on the floor and u know ow banking stocks have been going u will have established a trend. Look at Intercontinental Bank offer of last year, the certificates arent out. UBN offer of dec/jan 2005/2006 i got my cert in March this year. Zenith took about 7 months which was fast. Those are just a few.
Before CBN would do their own verification of the monies it will take a while and this offer is being made available to foreign investors through the GDR, it will take awhile cos they hav to ensure that our Nigerian bog boys through these cahps are not bringing in Drug and firearms moni here. Well with the E-allotment it sure might be faster.
Let me state here that i am not being negative about the FBN offer its just that i am trying to cerrect the impression that people are having that they will make money fast. In all give and take as i have said earlier if u are buying look mid to long term.
My personal opinion aniway.
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egoldman (m)
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@Allcorrect
Thank for your reply , could anyone make a rough estimate of how long it might take for the firstbank offer certificates to be credited to ones cscs account through the e- po ?
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easimoni (m)
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@ Allcorrect,
you have hit the nail on the head regarding why I think Public Offers are a bad idea to invest in. By the time the average investor gets his/her certificate, other opportunities in the market would have overtaken you. I have never, ever bought a public offer and I never will. Not even a Dangote offer. People always point to Dangote Sugar. While the Dangote IPO was out, I invested my money in Japaul instead. I sold my 90kobo investment for N3 and re-invested in Wema which has since climbed 50%. I'm up 350% while Dangote owners are getting 100% (assuming you've even seen your certificate).
Say no to Public Offers unless your are "long-term". And ask yourself why you should think long-term in this market.
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BIGBOYLARY (m)
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@easimoni, Kindly give more details info regarding how to invest in the Secondary markets whats are the minimum and maximum and how to go about it,  |
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ernal (m)
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what matters most is you knowing your exit point,returns success depends on when you have an exit time and know when to get out, young investors should be encourage and also read more on investment, say yes to financial liberation ,
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Dis Guy
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ernal your exit price might be surpassed before you get your certificate,especially when the technical suspension has been lifted. I think i'll start looking into the secondary markets more, the long wait is a bit  |
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egoldman (m)
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I saw in the Firstbank prospectus that technical suspension would be lifted on existing shares on 5th of july 2007, does this mean that those who already have existing shares of first bank may start trading their shares from that date ? i ask cos i already have some firstbank shares , but dont like the time it takes for them to send the certificates for the public offers ( heard the e-allotment might be faster )
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nakedwire
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@ Stock gurus, Please help, I already have shares with First bank, how can I subscribe for more shares @ N31.00 (rights offer)? Is there any special application form?
My stock broker is not giving me any any info or assistance on this.
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easimoni (m)
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@ Stock gurus, Please help, I already have shares with First bank, how can I subscribe for more shares @ N31.00 (rights offer)? Is there any special application form?
My stock broker is not giving me any any info or assistance on this.
First and Foremost, you need a new stockbroker. You should try FSDH Securities, Zenith Securities, Cash Craft etc. Second, all the info on the 1st Bank offer (including forms) can be found on the website https://www.naijabigoffer.com/Good luck. |
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dexsail
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plz some one should elite me on buying of share
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dexsail
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my first day on narialand
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dexsail
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mr. easimoni u said u cant invest in public offer and your reasons are u can wait 4 a long term. please advice me i am new in investment deal
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egoldman (m)
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If you want to invest your money and let it stay there in the stocks you bought for over 1 year then IPO might good for you , but if u would like to get back your money in about 2 to 6 months then don't go for IPOs .
You stand to make more money when you do the IPOs, though this is not always the case , cos sometimes if you have a smart and honest broker you may also earn money with your money than someone who invested in IPOs and waited till they got they certificates to be able to trade .
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easimoni (m)
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mr. easimoni u said u can't invest in public offer and your reasons are u can wait 4 a long term. please advice me i am new in investment deal
egoldman answered quite well on my behalf. I believe in investing for a few months and moving on to a new opportunity. That's just the way I think. It's certainly not the only way to make money. Pls buy IPOs if you are willing to wait about 6 months to make good returns. I don't have that much patience. |
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egoldman (m)
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I think it all depends on individual circumstances , if say you have 500,000 naira and you might have need of that money for your immediate needs in about 3 to 4 months , then its bad idea for you to invest in PO , also individual risk taking ability should be considered here , easimoni i have read your webpage and i like whats is there , but the thing is it may not suite just about every individual cos of the above reasons .I have personally decided not to buy firstbank public offers, don't get me wrong this does not in anyway mean that the stock isn't a good one ,but when i read properly through the prospectus , i came to know that it may take me up to around November or December for me to be able to sell it ,now the money that i want to invest in firstbank offers i have decided to use it for stocks that would do well in about 1 to 3 months like C & i leasing , cornerstone and other stocks like that , so it all depends on individual situation .
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Allcorrect (m)
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@nakedwire
My simple advise is this, if u already have shares in FBn and u receive mails,dividends, bonus etc from them then u are entitled to the rights issue. U will get a booklet from them telling u ow mani units u can buy and other info. If by 10th of June u dont receive it then i advis u go to first registrars at Iganmu they are on Abebe road. Tell them u are yet to receive the rights offer and they will assist you from there. Just giv it a try.
Lets not discourage others, the stock market is not a money doubling scheme it works like the ocean wave sometime u are on top and somtimes u are down. Let fresh entrants buy into it and watch their money grow. I bought into FBN in 2002 at about N22 or someting like that. The price didnt go beyond N30 for a long time until somtime last year when it skyrocketed and i am better for it. I just used it as an investment tool as in the long term.
So lets not becloud the real meaning of investment. When u put money into something and u are expecting it to triple in 2months i will call dat money doubling. So put your money into the bank and watch it grow.
NB, its money u dont need in the next 6mths to 1 year, its not your school fees, feeding fees, upkeep, just something u have saved.
In the 80's keeping money in the bank was more profitable than stocks but today reverse is the case and tomorrow we dont know. So enjoy what we have
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mishoo (m)
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@everyone, Guys you are doing good jobs. Really !! God bless you all. I think it all depends on individual circumstances , if say you have 500,000 naira and you might have need of that money for your immediate needs in about 3 to 4 months , then its bad idea for you to invest in PO , also individual risk taking ability should be considered here , easimoni i have read your webpage and i like whats is there , but the thing is it may not suite just about every individual because of the above reasons .I have personally decided not to buy firstbank public offers, don't get me wrong this does not in anyway mean that the stock isn't a good one ,but when i read properly through the prospectus , i came to know that it may take me up to around November or December for me to be able to sell it
(1) My Bro told me not to buy the FBN from anybody and he's gpoing to tell his stockbroker to buy it on the floor @ N31 though he doesnt have FBN shares before. Is it possible?  (2) He also said he's going to transfer some to me according to the amount i send to him. Question: will i get a certificate/cscs for the ones transferred so i can invest for short term profit?? |
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frankiriri (m)
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@everyone, Guys you are doing good jobs. Really !! God bless you all. (1) My Bro told me not to buy the FBN from anybody and he's gpoing to tell his stockbroker to buy it on the floor @ N31 though he doesnt have FBN shares before. Is it possible? (2) He also said he's going to transfer some to me according to the amount i send to him. Question: will i get a certificate/cscs for the ones transferred so i can invest for short term profit?? Its possible if he knows someone that he will buy from. They will then do what is called a cross deal. |
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freelance (m)
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This has really been a lovely and educative thread. Frankiri keep up the good wuk!
Thanks all for making this threada very lovely one.
See u all at the top!
Kind regards,
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K2
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@Mishoo. I don't know anyone who in their right mind who would be willing to sell FBN shares to your brother on the floor at N31 (current rights issue price)when FBN last traded at N40.40? A loss of N9.40?
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frankiriri (m)
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A lot of people will actually sell the FBN shares on the floor of the exchange for less than the share price. For many people that dis not think through their investment decision properly or that are hit by emergencies and need to sell they would definitely sell at the offer price.
@ K2
If you are a long term investor and you had an option between buying the shares from the floor at N40.4 and buying at the IPO would it be rational to buy from the floor except the seller is willing to drop his price to meet the new market value which if the IPO price.
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frankiriri (m)
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@Mishoo. I don't know anyone who in their right mind who would be willing to sell FBN shares to your brother on the floor at N31 (current rights issue price)when FBN last traded at N40.40? A loss of N9.40?
How do you define loss. Except the person in question bought the shares at N40.4 he is not losing anything. Yeah maybe he may lose the opportunity of capital gain but then again who is to say he will be able to sell at that price. How many people that bought the Dangote shares were able to sell at the N56 it got to. Most settled for a price in the N40s range. |
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mishoo (m)
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if its possible, pls how can it be transferred to my account? Is it possible???
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frankiriri (m)
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All he needs to do is to buy the required quantity in your name
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dandagreat (m)
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hey dexsail,
i think u have to contact your stock broker for full info.
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mishoo (m)
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Thanks @frankiriri for your contributions/advice as usual.God bless !
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frankiriri (m)
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Thanks @frankiriri for your contributions/advice as usual.God bless !
You are welcome |
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Tmoni (m)
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na wah ooo, all this public offers et al have taken all my money from the money market,
i know it is more profitable in stock but asking for your account balance and getting a definite figure is far more satisfying than some daily prices which swing anyway it suites the traders,
where do i draw the line,
pls help gurus, my treasury account is fast going into stock market, now first bank has carried their own and come
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anon101 (f)
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please help me here what type of account do i need to buy FB shares , i was told by a friend that wants t hep me that i need a current account and if i use her account they will tax her and i have to pay the tax difference too.please how can i go about this because am hoping to but about 50,000 shares worth
thanks
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