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RoughCut (m)
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@naijaking1
It`s becoming incresaingly difficult to operate in the American business environment it is probably one of the most over-regulated stock exchange and business environment in the world so this tends to discourage those who might be tempted to look across the atlantic . I understand why this is the case at least the memory of Enron, MCI and all other entities that collapsed due to fraudulaent and sharp practises of the executives with billions of dollars of investors` money is still fresh in our memory but at the same time there has to be a balance between the need to protect investors from these white collar frauds and a deregulated business environment that is conducive to business. Striking a balance i think is a very difficult task indeed.
London is more business friendly
For those business savvy minds out there don't overlook london personally i`m looking at South Africa and Angolan stock exchange(to be opened later this year) these are markets that have yet to attain anything like their real potentials so if you get in early the better. By the way the biggest banks in Nigeria are in the process of listing on the London stock exchange(UBA,FBN,Oceanic,Zenith,UBN and two others)
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naijaking1
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@roughcut
thanks for the perspective.
The average American is 10x more criminally minded than a naija, the only saviour most of the times are those regulations.
Once you understand and appreciate those rules, the reward could be eye-popping, that is why some people say that a car company does not make profit untill it makes cars that could be certified to run in America, and that banks are just banks until they operate in America, etc.
Mind you, I'm not praising America here, I'm just trying to bring a business perspective to a political reality, and possibly get some people interested in this limitless opportunity.
For one, I know that forming alliances is one way companies could gain access to the US market rather easily. A lot of people (here in US) are waiting for this new frontier to open.
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naijaking1
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@anyone at First Bank, Abuja
I'm about to buy some IPO from the FBN (branch near Karu or New Karu), just like to know if anybody is interested in getting credit for the control number, before I send my brother to that branch tomorrow.
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frankiriri (m)
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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.
Raising fund on its own does not dilute shareholder value, its what is done with the funds that matter. The funds that the banks raised during the recent consolidation has enabled a lot of them to take on big ticket transactions which were previously the exclusive reserve of foreign institutions. This has definitely added to share holder value. Its when unimaginative management raise money for the sake of doing so that share holder funds will be diluted as they may not be able to put the money to good use. You are right that you just don't see the sustainable competitive advantage.The factors First Bank has going for it include low cost structure, their conservative outlook which appeals to the Old Skool and their creativity (in relation to other old generation banks.) That they have continued to deliver stellar results does not surprise me |
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cheexy (f)
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@anyone at First Bank, Abuja
I'm about to buy some IPO from the FBN (branch near Karu or New Karu), just like to know if anybody is interested in getting credit for the control number, before I send my brother to that branch tomorrow.
@naijaking, You can put the number of one staff that advertised on another thread earlier on in theoffer. I personally like the way he did his marketing and we should just help him to meet his target, that is the least we can do. The number he supplied was FPO2001856201. You never know when someone might bein a position to help. Trust me, i am not getting anything from him. I don't even know the guy. |
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spoilt (f)
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@naijaking,
You can put the number of one staff that advertised on another thread earlier on in theoffer. I personally like the way he did his marketing and we should just help him to meet his target, that is the least we can do. The number he supplied was FPO2001856201. You never know when someone might bein a position to help. Trust me, i am not getting anything from him. I don't even know the guy.
i think so too. i remember the guy's helpful post. |
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egoldman (m)
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I personally have decided not to buy the this offer , i may need my money to trade other stocks or for something else in 3 to 4 months and the certificate is not likely to be posted by then , though i could use the e-allotment system, it may still not be credited to my cscs in such time frame, wish you guys that buy all the best .
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Allcorrect (m)
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I'm about to buy some IPO from the FBN (branch near Karu or New Karu), just like to know if anybody is interested in getting credit for the control number, before I send my brother to that branch tomorrow. That guy definitely deserves credit for whatever u intend to buy, but personally speaking the guy is sound and i don't think should be in that bank. |
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easimoni (m)
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I personally have decided not to buy the this offer , i may need my money to trade other stocks or for something else in 3 to 4 months and the certificate is not likely to be posted by then , though i could use the e-allotment system, it may still not be credited to my cscs in such time frame, wish you guys that buy all the best .
My point exactly |
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naijaking1
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I tried to seek out the FBN guy, not much time available.
If he is online, maybe he could contact me at yahoo. Like my bro, who's completing this transaction to meet him anywhere in Abuja.
Yea, I see what @egoldman, esimoni, et al. are saying about better opportunity for investment. However, I think that not being around in naija, not being a full time stock trader, etc really makes my case unique, so I'll go for long term.
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EMMAACHILE (m)
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Before delving into the equity market,you need to define the platform to operate-Long,meduim or the short term.
A core investor avoids the syndrome of "Gettin it all, gettin it Now". Also note that this is a highly dynamic and vigorous environment.
For the Longterm = First Bank PO @ 80-100% ROI(Return on investment)* Bonus+ Dividend. where longterm <>8month
For the Short term=FirstInland/Mutual Benefits or Dangote Flour/Cement@ 50-88% ROI.where shortterm<>0-3months.
FIRST BANK PUBLIC OFFER IS A LONG TERM INVESTMENT? THIS YEAR WILL NOT REALLY SEE A HIGH EPS FOR FIRST BANK COS OF HUGE NUMBER OF OUTSTANDING SHARES. TRY LAW, UNION AND ROCK AND BOC GASES FOR A 3-6 MONTHS INVESTMENT |
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oxytech
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Just registered right now, and I have read all the contribution to this thread intensely with pen and paper,
Kudos to every single contributor especially Allcorrect, easimoni and Frankiriri,
Frankiriri appears the most unbaised, unsentimental,does not go beyond his limits trying to proof or challenge,
and not too opinionated, just facts- I dey hail!
My opinion is:
It appears that everyone is wiser and those "REAL/TRUE" good short term deals may no longer be available.
I am suspecting that the few ones around now are "doctoring" things-whatever they are.
If well regulated exchanges could be fooled, you can imagine what is going on in Niga emerging exchange,
with teething regulations,doctored prospectus info, whilst corruption is in all facets of the WHOLE system plus country.
Whether short,medium,long term the aim is usually to make most money.
I think most people would prefer 80% profit in 3 places short term and liquid, than long term 100% in one
place non-liquid and long term.
I am based in Niga and have 5M cash and 5M loan-27% interest, totalling 10M to invest.
My concerns or plans are:
1)Easimoni views are good but the "doctored" short term deals could blow ANYTIME even if u believe u have an ear to d ground.
2)If I put all d 10M in FBN, the 27% on the other 5M, will kill me if firstbank delays.
3)I was thinking of paying the 5M loan in 2 months, and having the 10M in FBN as my retirement plan although poor inflation and exchange rate may cancel the gains.
4)Buy 5M FBN, and share 5M on the floor to buy Wema and cornerstone insurance-sell these 2 in 3-4mths time.
5)Forget about the loan and just put 5M in firstBank.
Which one would you do, and why??
Help needed please ATTACK each of my concerns or plans.
Any comment whatsoever would broaden and help in my final decision.
Cheers!
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frankiriri (m)
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If you are buying First Bank don't do so with loaned money.I am in the process of securing a loan to trade. I like to do what I call covered loans. I will only borrow as much as I can easily liquidate form my salary. The loan is just to enable me make bulk purchase.
Whatever stock you are buying I suggest that you make the purchase on the floor.
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easimoni (m)
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@ oxytech,
you are right about short-term deals being harder to spot. It looks like we all have to settle down and be investors and not speculators.
I won't advise you to take a loan to invest. 5M is good enough to start a portfolio. If there is a market correction (and it's really not if but when), you'll really hurt. Take Frank's advice and buy 1st bank shares on the floor and watch the price climb as soon as the tech suspension is lifted (look at the other banks), but that will take 4 months from now(?)
If anything, stay away from Cornerstone. Wema might be good
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oxytech
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@easimoni @Frankiriri Great guys, !! I am a newbie, with ZERO trading skills so please keep commenting, EVERY comment is very much appreciated, PLEASE COMMENT ON THESE MY OBSERVATIONS BELOW I.E. DO YOU STILL MAINTAIN THE SAME ADVICE.  ?? BOXING You UP-IF You HAD 5M, WHERE WOULD You PUT IT, OR WHAT WOULD You DO? ?? - NO WORRIES I'LL TAKE IT AS A COMMENT. I checked FBN shares about every 2-3 weeks as from Jan 2007: FIRST BANK PLC 33.10 32.01 -1.09 FIRST BANK PLC 33.11 32.92 -0.19 FIRST BANK PLC 35.68 37.46 1.78 FIRST BANK PLC 38.20 38.90 0.70 FIRST BANK PLC 39.00 37.05 -1.95 FIRST BANK PLC 35.25 36.89 1.64 FIRST BANK PLC 36.89 36.90 0.01 FIRST BANK PLC 39.01 39.90 0.89 FIRST BANK PLC 39.06 41.01 1.95 FIRST BANK PLC 41.90 39.87 -2.03 FIRST BANK PLC 40.17 38.50 -1.67 FIRST BANK PLC 39.49 38.51 -0.98 FIRST BANK PLC 38.11 37.55 -0.56 FIRST BANK PLC 36.99 37.59 0.60 FIRST BANK PLC 37.00 37.99 0.99 FIRST BANK PLC 36.80 37.01 0.21 FIRST BANK PLC 38.50 40.40 1.90 - 5th April 2007. They "appeared" to have stopped trading around 5th April 2007. UBA and UNION too were all fluctuating up and down during that period. Even ZENITH was crawling. Everyone has now jumped very high since then, whilst FBN had suspended trading. They all appear to have benefited seriously after May elections and the seeming stabilty, democracy and continuity envisaged. Since 5th Apr. FBN has not used up his own democracy goodwill factor, and it was at 40.40. On a chart most Banks that did IPO had very sharp price rise close to their last tradings, they looked manupulated, but FBN own looks real. The "old school" confidence factor is also a VERY big deal. PLEASE COMMENT ON THESE MY OBSERVATIONS. DO YOU STILL MAINTAIN THE SAME ADVICE. ?? BOXING You UP-IF You HAD 5M, WHERE WOULD You PUT IT, OR WHAT WOULD You DO? ?? - NO WORRIES I'LL TAKE IT AS A COMMENT. CHEERS!! |
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frankiriri (m)
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First Banks price will definetely rally after the technical suspension is lifted. At the worst it should maintain a price in the 40s (if there is a market correction). The technical suspension should be lifted within a month of the conclusion of the offer.
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easimoni (m)
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@ oxytech,
yes, you are quite right about 1st bank not inflating their shares prior to the PO. As a matter of fact, they had announced the PO weeks before the price was suspended. All the points u made are valid.
My advice remains the same: do what Frank suggests. Buy on the floor and wait till the suspension is lifted. Only borrow money if you have the liver.
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femlaj (f)
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pl can you explain why you said stay away from cornerstone, ve got loads of cornerstone, should i sell now?
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easimoni (m)
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I don't like the PEs of cornerstone and Crusader. Based on the new shares they listed, Cornerstone has a current PE of ~100 and Crusader has a PE of ~50. If there is a correction, high PE stocks will be the first to go. A lot of downside on those stocks.
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salsera (f)
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when does FBN offer end
I still haven't recieved my rights issue
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femlaj (f)
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@easimoni
thanks for the prompt response, i guess i'll sell my cornerstone and buy access, what do you think???
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easimoni (m)
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@ femlaj,
sorry but I'm not a fan of Access either, especially not during a PO. I think you might be better off with GTbank, Wema or UBA.
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Naija_lawa
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For those interested:
Be a part of a life time Opportunity in just one day
@
“INVESTMENT OPTIONS”
Hi dear,
You are invited to be a part of our mid year seminar tagged “INVESTMENT OPTIONS”. You can double or even triple your investments the rest of 2007 just investing in the right stocks, using the proven strategies.
The saying that “Ignorance is the mother of all destruction” is true today in the lives of some people. Some people have every instrument (email, dialing access- thanks to GSM, Magazine, newspapers, seminars, workshop etc) at their disposal but still fail to create wealth for themselves.
Why not be part of our workshop and lets discuss on all you’ve always wanted to know about how to make more money in the stock market.
• Lets talk about the New Government and its Policies: Impact on the Capital Market, investing with government policy, its implications and outlook
• Consolidation: Its impacts on the Nigerian Stock Market performance.
Case study: Banking and Insurance sectors.
• How you can analyze stocks your self. Financial Statement and Analysis.
• What penny stocks to Buy: StockPicking & Strategies.
Organized &Powered by STOCKPICKS Consulting Limited (Equity Research and Advisory Firm)
DATE: Saturday 23rd June, 2007.
TIME: 10.a.m
FEE: N8, 000 (seminar kits and Lunch).
VENUE: OYO Hall, Lagos Airport Hotel Ikeja.
REGISTER AT: STOCKPICKS Consulting
Suit 6, West Wing, Daily Times Building
3-7 Kakawa Street off Marina
Lagos.
Or
Pay: STOCKPICKS CONSULTING LTD: ZENITH ACCOUNT NO: 6113001793
FIRST BANK ACCOUNT NO: 3432030001335
Register early to avoid rush. Pre-registration before 16th June attracts 15% discount
Meet your facilitators
• AIGBOJE HIGO JR. - former Chief Operating Officer, Counters Trust Securities Limited, now the Managing Director Chief Executive Officer of Pension Alliance Limited. A seasoned Capital Market Operator with wide range experience in Merchant Banking and Investment Banking, an associate Stockbroker and an MBA from the prestigious Howard University. He will be taking you on the topic; the new Government and its Policies: Impact on the capital Market. Implications & Outlook.
• MICHEAL OYEBOLA- Qualified fund management and financial service professional broadly experienced in security/ investment analysis and valuation, fund and portfolio management. Masters degree in finance from Middlesex University, London. MSc in Investment Analysis from Stirling University in Scotland. Associate member, UK society of Investment Professional, Member of the CFA Institute. Currently the Chief Investment Officer Guaranty Trust Assurance Plc. He will take participants on Financial Statement & Analysis, Investment Research and Analysis.
• SETH AKUTSON- MD/CEO Resource Associates Ltd. Doctor of Economics, Obafemi Awolowo University Ile-Ife, a research consultant to Chartered Institute of Stockbrokers, an investor with about 20years rich and varied experience in the Capital Market, thus affording him the unique opportunity to understand the working of the industry. Besides, as a sophisticated economist will review the Government policies as regards the capital market in the past 8years. How to invest with government policies and outlook.
• YOMI OGUNFOWORA- A seasoned banker and new generation chartered stockbroker. He is the head Equity Dealing in Zenith Securities Limited, a subsidiary of Zenith Bank Plc. He is an investor and investment trainer, young and dynamic speaker. An accountant and MBA in Finance. He will take participant through Consolidation, its Impact on the Nigerian Stock Market Performance. Case study: Banking & Insurance sector
• TUNDE OLADAPO – DIXON- Chief Operating Officer/Chief Research Officer, Stockpicks Consulting Limited, member of Chartered Institute of Stockbroker (CIS), Associate Member Certified Pension Institute of Nigeria (CIPN), Associate member Institute of Benefit Trust and Management, a certified investment analyst. Verse in relating and interpreting capital market data and analysis with forecast, facilitator of many trainings and seminars. He will take participants through Stockpicking and strategies
Can you see why you must be part of our epoch making summit? I promise, you will be a better investor.
Plan to attend.
For enquiries and sponsorship
Please call: Tunde: 08034242509, Tinuola: 08059841253
Tunrayo: 08023683124 or 01-7619329
Thank you.
Yours in Service
Tunde Oladapo-Dixon
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RoughCut (m)
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Can you move this to the Adverts thread please!
For those interested:
Be a part of a life time Opportunity in just one day
@
“INVESTMENT OPTIONS”
Hi dear,
You are invited to be a part of our mid year seminar tagged “INVESTMENT OPTIONS”. You can double or even triple your investments the rest of 2007 just investing in the right stocks, using the proven strategies.
The saying that “Ignorance is the mother of all destruction” is true today in the lives of some people. Some people have every instrument (email, dialing access- thanks to GSM, Magazine, newspapers, seminars, workshop etc) at their disposal but still fail to create wealth for themselves.
Why not be part of our workshop and lets discuss on all you’ve always wanted to know about how to make more money in the stock market.
• Lets talk about the New Government and its Policies: Impact on the Capital Market, investing with government policy, its implications and outlook
• Consolidation: Its impacts on the Nigerian Stock Market performance.
Case study: Banking and Insurance sectors.
• How you can analyze stocks your self. Financial Statement and Analysis.
• What penny stocks to Buy: StockPicking & Strategies.
Organized &Powered by STOCKPICKS Consulting Limited (Equity Research and Advisory Firm)
DATE: Saturday 23rd June, 2007.
TIME: 10.a.m
FEE: N8, 000 (seminar kits and Lunch).
VENUE: OYO Hall, Lagos Airport Hotel Ikeja.
REGISTER AT: STOCKPICKS Consulting
Suit 6, West Wing, Daily Times Building
3-7 Kakawa Street off Marina
Lagos.
Or
Pay: STOCKPICKS CONSULTING LTD: ZENITH ACCOUNT NO: 6113001793
FIRST BANK ACCOUNT NO: 3432030001335
Register early to avoid rush. Pre-registration before 16th June attracts 15% discount
Meet your facilitators
• AIGBOJE HIGO JR. - former Chief Operating Officer, Counters Trust Securities Limited, now the Managing Director Chief Executive Officer of Pension Alliance Limited. A seasoned Capital Market Operator with wide range experience in Merchant Banking and Investment Banking, an associate Stockbroker and an MBA from the prestigious Howard University. He will be taking you on the topic; the new Government and its Policies: Impact on the capital Market. Implications & Outlook.
• MICHEAL OYEBOLA- Qualified fund management and financial service professional broadly experienced in security/ investment analysis and valuation, fund and portfolio management. Masters degree in finance from Middlesex University, London. MSc in Investment Analysis from Stirling University in Scotland. Associate member, UK society of Investment Professional, Member of the CFA Institute. Currently the Chief Investment Officer Guaranty Trust Assurance Plc. He will take participants on Financial Statement & Analysis, Investment Research and Analysis.
• SETH AKUTSON- MD/CEO Resource Associates Ltd. Doctor of Economics, Obafemi Awolowo University Ile-Ife, a research consultant to Chartered Institute of Stockbrokers, an investor with about 20years rich and varied experience in the Capital Market, thus affording him the unique opportunity to understand the working of the industry. Besides, as a sophisticated economist will review the Government policies as regards the capital market in the past 8years. How to invest with government policies and outlook.
• YOMI OGUNFOWORA- A seasoned banker and new generation chartered stockbroker. He is the head Equity Dealing in Zenith Securities Limited, a subsidiary of Zenith Bank Plc. He is an investor and investment trainer, young and dynamic speaker. An accountant and MBA in Finance. He will take participant through Consolidation, its Impact on the Nigerian Stock Market Performance. Case study: Banking & Insurance sector
• TUNDE OLADAPO – DIXON- Chief Operating Officer/Chief Research Officer, Stockpicks Consulting Limited, member of Chartered Institute of Stockbroker (CIS), Associate Member Certified Pension Institute of Nigeria (CIPN), Associate member Institute of Benefit Trust and Management, a certified investment analyst. Verse in relating and interpreting capital market data and analysis with forecast, facilitator of many trainings and seminars. He will take participants through Stockpicking and strategies
Can you see why you must be part of our epoch making summit? I promise, you will be a better investor.
Plan to attend.
For enquiries and sponsorship
Please call: Tunde: 08034242509, Tinuola: 08059841253
Tunrayo: 08023683124 or 01-7619329
Thank you.
Yours in Service
Tunde Oladapo-Dixon
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EMMAACHILE (m)
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CR SERVICES OFFERING PRIVATE PLACEMENT ATTACHED IS THE DOCUMENT Dear Sir / Madam Further to the closure of the Application List for the CR Services Limited Private Placement, please be advised that IBTC would continue to receive applications for the next two weeks i.e. until Friday, 29 June 2007. An application form and a research report is attached for your use. Please ensure that your completed application forms are submitted before 29 June 2007, as applications received after that date may not be accepted. For further inquiries, please contact the undersigned. Oyinda Akinyemi Corporate Finance IBTC Chartered Bank Plc I.B.T.C. Place Walter Carrington Crescent Victoria Island Lagos Nigeria Tel: +234-1-2626520 2712400 Ext 1186 Fax: +234-1-2626541/2 Cell: +234-803-301-1896 Email: Oyinda.Akinyemi@ibtc.com |
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EMMAACHILE (m)
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CR SERVICES PROSPECTUS AVAILABLE HERE
CLICK HERE TO DOWNLOAD AND READ
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easimoni (m)
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CR SERVICES PROSPECTUS AVAILABLE HERE
CLICK HERE TO DOWNLOAD AND READ
Correct guy!  I have read it and I think if N1.65M is not a big deal to you, you need to invest in this! |
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Panadol (m)
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BGL Securities or Vetiva as a Stockbroker? Please pick one and why?
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easimoni (m)
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BGL Securities or Vetiva as a Stockbroker? Please pick one and why?
I've been thinking about switching to Vetiva. I love the website and have met a few people who work there. They have a young (and hopefully dynamic) staff. |
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Author
CR Services Application Form.pdf (44.23 KB - downloaded )
