Stocks That Can Make You Rich In 2007

As you would have learnt on this forum investing in the capital market requires patience and judgement and if you cant ride the crest and the turbulence that is inherent in investing in stocks then you probably need to start thinking of investing in something else apart from the stock market

RoughCut i know what you are talking about,
I just wanted to know when we think we might likely have a rally, thats all

Still waiting to hear about the IBTC PO

Well, except my trusted broker has suddenly gone bunkers, i think i heard correctly. IBTC will be coming out soon with a PO.

You can download the app form/prospectus from either   http://www.cashcraft.com/ or    http://www.zenithsecuritiesng.com/downloads.php
The closing date is on the 28th September

@ all Gurus,

Could you all pls help revive this thread. This & "Stock Market Tips" are wot makes this business forum tick the most! So let's get the thread tickin again!

I like all four, at least in the next 6-9 months and bearing any unforseen situations.

@All
What is going on with Guinness? It is falling even in the face of a reasonable dividend declared last week. Any answers anybody?

oga easimoni
longest time,how have u been?Whats your take on japaul if uve seen the prospectus and whats your recent views on the insurance sector.anything u will like to share

For those who have been agitating for the Japaul Oil stats here are some numbers for you to digest

Trailing P/E for YEnd  Dec 2006=40
Trailing EPS for YEnd  Dec 2006=14.9k

Based on N173.6M PAT for YEnd Dec 2006 and

Outstanding shares of 1.17B as @ Dec 2006

Forward P/E for YEnd Dec 2007=10.36
Forward EPS for YEnd Dec 2007=38.11k

Based on N444M PAT and
Outstanding  shares of 2.4B as @ Dec 2007

Forward P/E for YEnd Dec 2008 =13.5
Forward EPS for YEnd  Dec 2008=29.25k

Based on PAT of N720M and

Outstanding shares 2.4B

PAT is projected to grow about 60% which i think they are more than capable of doing.  PAT has been growing at more more 60% since 2003. So projecting forward for Year 2008 i have calculated  that the stock should be trading at a solid N10-12  and if you are buying into the PO at a price <N4 you are definitely making very good returns.

BUY BUY BUY

Roughtcut,
regarding the YE 2007 numbers (PAT = N444 and shares = 2.4B), the EPS is 19k and forward PE at offer price is ~20. The YE 2007 numbers you quote don't include the offer shares (prob a fair assumption since the certs won't be out). Anyway, my point is the numbers won't start to look good until well into 2008. Not an offer for short-timers.

easimoni you have calculated your forward PE for YEnd 2007 using 1.17B shares listed as at DEC 2006 and that gîves you a PE of  19 if you take into consideration the number of shares that will listed after this offer 2.4B that gives you a forward  PE Ratio of 10.36 for YEnd 2007

temmie10, they failed to factor in the shares in the p.o for 2007, they are already telling you these shares aint gonna be listed till 2008. 10 naira by year end 2009 is more like it

my peace, it doesnt mean anything serious, it just means your not gonna get your certificate till early next year and u knew that already

Thank you very much.

@ temmie & Shigidi,

Japaul has factored in this new shares being offered in their calculations of the forward EPS going from 2008 to 2009.

it is not unusual for the EPS to reduce (2008) after a new offer because u are dividing your old earnings projections by a larger number of shares whilst the actual returns expected from the new capital has not started showing significantly

@MyPeace
the new offer will be listed as soon as the allotment is done and final approval is received from the appropriate body, that can happen from late 2007, early 2008 to worst case; late 2008 (highly unlikely)