Stocks That Can Make You Rich In 2007

UBA has never been my cup of tea and i'm not about to change that habit now!

Refer back to this thread ----------->http://www.nairaland.com/nigeria/topic-52566.64.html#msg1555116

For the stats i arrived at a forward(annualized based on half-year results) PE of 22 and EPS of  22 for a stock trading at N5.15 that looks undervalued to me.

For the half year  YEnd Jan 2008 the PAT is  N176M compared to N99M for the whole of 2006 if you annualize this figure they have grown PAT by a massive 255%!

I should think the share price should be in the region 10-12 in less than a year's time we are talking of an undervalued stock here so hopefully  my projections are conservative and if that is the case i leave you to work out the answer

Please can you provide a link to where you get this info from.  I dont see this info on their web site.
Cheers

i suggest you hold on till the merger with sterling bank is completed
and ecobank is fast and rapidly expanding

If I buy C & I now,will I benefit frm their expected Jan 2008 reward for shareholders or is it too late now

Man Jiro,Rough cut, easimoni I heard some foreign investors are about to inject funds into African Paints,and they are having a management make over.Took time to monitor the stock for like three weeks now and it apprcted by 4.9%.
Is it true that the investors are coming in and what is the quantum of funds xpected 2 b injected

Hello,
Say when do you want to see returns on your investment?
I think FCMB has better fundamentals meaning you are not likely going to lhave a better ROI.
These are my thoughts at least i hear more FCMB bank related businesses than Fidelity.
Cheers

 27M shares  of WEMA were traded yesterday opening at N8.90  and closing on N9.34 net bid. The soap opera continues!

Yaa i go try hold liver for WEMA

Does that mean more share dilution for Zenith? I have already missed once on cashing out on Zenith when it was N68 so i will be watching Zenith like a hawk now

What's your take on Costain? A technical analyst i was reading sometime ago reckons the resistance level for Costain is N13 and according to him that's a good entry price with the aim of exiting when it gets to  N23 sounds reasonable to me but not sure about the price going back down to N13

I'm sorry to say but most stockbrokers are ppl that passed the stages of exams set as a measure for qualification(they most at times dont know the rules of investing) but in honest truth the people that make more money in the market are those with good instincts which at times may involve some risk taking(u may ask Warren Buffet )

We all would agree that the banking sector is the most active sector for now in every sense of the word (employment, profits,stockmarket please name on!)

Now fidelity's IPO is currently selling at N8 while FCMB's IPO is selling at N14, in as much as i carefully analyse the prospectus and also use tools available at SBAresearch, lets look at the probability of doubling for a short-time investor(pardon me long timers )

At N8, Fidelity bank is one of the few banks below the N10naira mark and while racing to catch up would easily double in price while FCMB at N14 is above the mark and would find it hard racing up to its 'elder brothers' such as Oceanic and Intercontinental which may take a longer time for FCMB to achieve a doubled price.

MY TAKE

Its always best to enter low.

All the sectors worth looking at are volatile! and should i add the higher the volatitly the higher the risk and potential to realise fantastic returns and also the potential to incur catastrophic losses. The financials  that invested in the so-called mortgage backed securities will know more about what i'm saying. Case in point Northern Rock

So there are  really no safe bets when it comes down to it!

Hi Nairalanders,
How do we see this?

Afribank’s N100bn public offer gets SEC approval
The Securities and Exchange Commission has approved the bid of Afribank Nigeria Plc to raise N100bn from the capital market.
Afribank plans to raise the funds by offering four billion ordinary shares of 50kobo each at N25 per share. The Nigerian Stock Exchange had already given its approval for the listing of the shares after offer.

Personally I think this offer is in itself overpriced but I also want to get informed positions before I decide not to near there.
Before now of all the banks coming out I have decided on FCMB, Bank PHB and Diamond bank but I do not want to look back I see I missed out.

All the Gurus

I wanted to buy IBTC a few weeks ago @ 11 naira but had not the cash. In less than a month IBTC close @ 20 naira y'day.

What other stocks looks good for me to cash now that I have little coins to play with?

Bobs,
That is just one way to look at the situation here is another way
PROFIT DRIVES PRICE- that is apart from the sentimental investors. Value investors look at how much value one coy has. I think FCMB has more value for now than Fidelity.  That should drive up and SUSTAIN  the price.  Entering low on a poor coy will still not yield good returns.
Cheers

You have scored a direct hit on this one. Their YEnd is March 31 2008 i suspect when they report for the 3rd quarter in Dec or Jan next year and the results meet expectations then i can bet my bottom dollar they will go for the PO and in the meanwhile the share price will be heading in only one direction

To Diamond bank also add Bank PHP i have just stumbled on some stats which are staggering

PAT for YEnd June 2007=N7.7B increase of  over 250% on N2.24B for corresponding period last year

# shares outstanding~6B(this needs verifying as an additional 1.6B have been listed not sure if this included in the total # of shares outstanding)

So that gives us a trailing PE of 19.9 and a whopping EPS =1.28 very rare in the banking sector infact not sure how many banks have achieved this feat

Already for the 1st quarter YEnd June 2008 they have made a profit before tax(PBT) of N4.5B and i like the noise i'm hearing about the acquisition of  GTI insurance and PHB Asset Management in partnership with Fortis Investments of Europe(One of the big boys in Europe did some consultancy work for them and also one of the major players planning to swallow ABN AMRO in the biggest banking take-over) so this will only add an upside to the bottomline.

The share price is currently on TS hoping to float an IPO @N17 when approval is granted this will result in additional shares of 5B being listed. To think this was a bank that did a private placement in 2004 @N1.95_{dont know what i was looking at then} now it's trading @ N25.51 and i think it went as far as N34 at some point in the year  so we are talking  N40 stock around June next Year

So this is definitely on the watchlist for me!