First Bank's 100 Billion Naira Share Offer

@Blackgold

Dont let anibodi deceive u, u defininetely don't need ani account to buy FBN shares or ani other share for that matter.What u nid is a form and your money either cash, cheque or bank draft, just a form of legit payment.
The only instance is when you require to cash inyour dividends, this comes in the form of a cheque and you need to pay it into an account. But for purchasing stocks either primary or secondary market account ownership isnt compulsory. Hop that answers that.

You can check with your broker and lets know if their opinion differs.

@blackgold

Unless u have other plans for coming to Nigeria u can buy from where u are. There are some receiving banks thatcarry out such transactions from there. If u check the amount of moni u will put into flying down that will give more units. Up to u though. Dont u have relations and stuff like that. Transfer the pay and they will buy for u with full proff of copies of the form and receipts or tellers.

The issue of trust is entirely your personal opinion, better don't generalize it.

As easy as that. Think bout it

allcorrect thats true but u know when stories like thief attacked me and stole the money spring up theres nothing i can do if it was 100k i don't mind but - mill , hell no

@k2
I was not comparing DSR  and FBN. What I was just saying that take any single stock, even the same FBN, the last time it went to 72 I can bet you that not many people were able to sell at that price. Most counted themselves lucky if they sold at 68 or slightly lower. When a stock gets to its peak the demand temporarilly thins out as many investors try to take profit.  So that price just becomes a refernce point.
I believe that FBN is a must buyboth in the short term and the long term but I am just saying that those emergencies which are an inescapable fact of life will make some people sel at a lower price.
Someone may even buy at a price higher than the current market price if he has information that favours a short term investment.

@frankiriri

I choose to strongly disagree with You. When FBN got to N72 last year, even at N67 it was veri veri unavailable, people mopped up the share and held on tightly to it, they werent selling onli few savvy investors were selling at that time, i sold mine at N65 and my broker even told me that som people had even booked for it.
After the mark down to about N34 or thereabout i wanted to buy again but still scarce until three days later when i got it at N38.

So i think things are a little diff here as it is still an emerging market
 

@ Allcorrect
You are contradicting yourself.
Except you love losing why would you sell your shares at N65 when you could sell them for N72.
is it not funny that people that were holding on to their shares at N67 now sold out at N65.  Moreover I did not say that nobody sold at that price, I said few people and most likely that would not include you. 
Brokers would always be brokers. When you want to sell they wont see buyersn and when you want to buy they wont see sellers. But let the price be profitable enough for their account and pronto they will make the sale from their warehoused shares.
Take a pick of all the vstocks that rose astronomically and find out which one of them small players you know sold at the top you would find out that you wont see a single one.

@frankiriri

I appreciate your responses but on this u probably you didnt quite understand the situation. The stock in question I bought when it was N24 in 2003 and what was i supposed to do when i saw it getting to N65-N67. I wasnt carried away with the 1 for 1 stuff, so I sold part of what I had made as profit. With the intention to buy back into it after the mark down.

I did that to maximize my profit and my decision was supported by my broker and I think it was the wisest thing to have done at that time. Now I ahve my 1 for 1 for the balace of my stock and I used part of the profit I made on the sale to buy me a car. Now thay are offering N31 for the right which I intend to buy lots and then sell my other balance when the suspenbsion is lifted.

So Oga frank do tell me if I am making a bad decision, I would love to hear your opinion on this.

Voila.

https://www.naijabigoffer.com/

This is the official PO website. It'll have all u need.

@frank

I think u got the pix now, good. I have made more money from trading in FBN than ani other. Whats your take on the Access Offer.

Bought N240,000 worth of it during the last offer i got the cert like a year later they gave me about 80,000 units or somting in that rang and then the 1 for 7. It took like forever to get the reconstructed cert of 1 for 2. But now i have like 50,000 units which i intend to trade once the suspension is lifted. I might just buy a little now and then wait

Help.

I want to invest about N2mill into this First Bank offer. Am I best just going and buying through First Bank or should join up with a stockbroker? I am wary of getting the shares and then having to wait a long long time for a certificate before I can cash in if I so decide.

Also I will have between N3-N5 mill which I want to invest. Can anyone advise a good stockbroker?

Thanks for any advice you can offer.

i was also thinking about the buying at the PO and selling immediately after the technical suspension,

my question is what do u guys think will be the price,it will attain before it starts to dip, N45 or N50

I strongly believe that first bank will attain N50 @ least by end of August

All I can say is

First Bank? N100 Billion Offer?
Buy! Buy!! Buy!!!

Then by January next year,
Sell! Sell!! Sell!!!

You quote Warren Buffet but even he generally avoids POs (I've read his biography and follow all the news about him). I agree with you that my advice leans more toward trading than investing but what do you expect from a market where companies are raising money everday and continuously diluting shareholder value. Isn't the mantra of every successful company to maximize share holder returns instead of diluting them? I won't advice anyone to not buy 1st bank, I just think POs are a bad idea on average. There are other sound companies not out there doing POs. I don't believe in timing the market, but I believe in buying undervalued companies and selling them when they become overvalued. No Sentiments. Even Warren Buffet teaches that. And 1st Bank PO is not undervalued and they don't have "sustainable competitive advantage", something Buffet always looks for. At least I don't see it.

I think it is better we separate facts from fiction and get well tutored in Stocks trading and investing! A seminar is coming up which in my honest opinion is a good deal. Experts from the industry and academia are coming together to slice and dice issues on the capital markets. For newbies, this is one good opportunity. As you probably know I am a die hard Forex trader but if stocks too can give me some returns why not do it. Read the attached file and you will never be the same.

@frankiriri and co.

a friend of mine in UK complained about lack of Naija stockbroker in that part of the World, and I stopped by UBA NY office yesterday to see about "stockbroking" issues, and the result was unfortunate: there is not much if any naija based companies around here and possibly in UK.
It would be nice to have a UBA competitor in NY for example, and that leads to my next question.

Have you guys who know so much about naija stock market consider  establishing a presence in the US?

I know that a US presence and regulations according to US laws will not only attract most of the African business around here, but also American businesses.

Just a thought.