Stocks That Can Make You Rich In 2007

teemon, tell me
is the N24,000/month payment for the land?
after that is fully paid for, is there a company that builds te homes or is it the individual land owners?
who exactly is selling this land and when will u get the c of o, after 15months?

many thanxs

qiute right H-town.
LASACO is a medium to long term gig
so for the peeps who own it, hang in there
i alredy own 40 big ones of crusader and if i look at its daily gyrations since i bought it i would have hurt someone by now, but i know it will go up basd on their fundamentals which look quite good.

so ride out the waves and u'll be alright

fidelity seems to be a loooooonnggggg term thing so if u are the patient type go for it but based on their own prospectus i would say they are a cautious buy if at all.
having said that i have asked for a small number of units frm my broker because of the risk
proj eps -0.24
proj pe- 50.82!!!!!!!

current eps for 9mths 2007 -0.21
pe ratio based on offer price for 9mths 2007 38.61

fooooooddddd for thought aint'it!

now looking at these figures just sent an e-mail to my broker to ask if i haven't been foolish buying this instead of FCMB

Please don't. If you must buy now, go for FCMB. Platinum may even be better than FCMB but it is not out yet.

Thanks people, Now I can comfortably obey my instincts and chill on Fidelty.

anyone know when the much awaited bank phb p.o is planned for release?
any guess-timates on the proposed offer price

Roughcut,
I will say you are very wrong on this one.That share reconstruction is ALWAYS a bad move is very incorrect.It was after access bank did their SR that they started to record appreciable raise in their share price,based on more profit of course.fidelity bank is now planning to take a step access took one year ago and I'm very sure that would be good for them.beside that,the bank phb that you have rightly identified to be a very good one also did 3-1(access was only 2-1) share reconstruction back in december 2006.And it was after that that their share price began to surge.

Correct me if i'm wrong this share reconstruction for bank PHB is not technically a reverse split there was a merger between habib bank and Platinum and they exchanged the shares between  the two banks' shareholders  in the ratio you mentioned and that's how bank PHB came to be. Check again there was no share recosntruction.

ACCESS did a share reconstruction 2 for 1(may be as a result of the banks they acquired) by doubling the price and reducing in half the shares outstanding so that way the shareholders do not see a reduction in the value of their holding this is is no way comparable to the situation with habib and platinum   

roughcut,
You are very wrong.Habib and platinum bank merger happened long before the SR.In 2005 to be precise.They only did the SR to reduce the number of outstanding shares EXACTLY what access bank did.the article below will tell you that

Source: This Day Nigeria
Bank PHB has concluded the reconstruction of its shares. This has seen the bank reduce total shares in issue to 6.4 billion ordinary shares from about 19 billion ordinary shares of 50 kobo. Shareholders are expected to be issued one ordinary share each in exchange for every three shares they hold.

The total value of the holdings of shareholders in Bank PHB will not however be affected by the share reconstruction as the market value of bank will be adjusted to reflect the new number of shares in issue. This will see the bank's market price triple as the number of shares of the bank reduces. With the lower number of shares now in issue, shareholders are also expected to get higher value as the bank's earnings per share and dividend per share are also expected to triple. Share reconstruction is usually done to enhance the returns shareholders receive.

Bank PHB is a 2005 merger of Platinum Bank Plc and Habib Nigeria Bank Limited, which had resulted in the issuance of extra number of shares by Platinum Bank to shareholders of Habib Bank to accommodate them in the new bank. Following the announcement of the reconstruction exercise, the Nigerian Stock Exchange (NSE) placed Bank PHB shares on technical suspension. The technical suspension means Bank PHB's shares will not be traded on the NSE until all formalities on the share reconstruction is completed. Insiders familiar with the share reconstruction procedure say as soon as the NSE is informed that all processes have been completed and new share certificates are being dispatched to shareholders, the current suspension placed on trading on the bank 's shares will be lifted.

Meanwhile Bank PHB, will today celebrate one year of launch of its unique brand, which has continued to receive tremendous acclaim. Within just a year of its emergence, the Bank PHB brand has emerged as the benchmark brand in the Nigeria banking industry winning several awards in the process.

The bank's high visibility has been enhanced by a sterling financial performance, which has seen both profits and assets double while retaining a high level of efficiency in its operations. The bank's share price has also more than doubled within the period emerging as one of the top twenty most capitalized stocks at end of January on the NSE.
  
Source: This Day Nigeria

wanajo,
Thanks wanajo for buttressing that point for me.
The truth is share reconstruction was good for access bank as it was for bank BHP.I'm not saying SR will always be good.But i don't believe it will always be bad.

Your bad belle for Access serious OOOO. Do your calculations well and you will see that you have made a LOT of money from ACCESS. (never really likes Access).

As to it not going anywhere, what do you expect? Where has First Bank gone since its PO? Let's wait and see where Fidelity and co will co. The liquidity that drove the market in the first half of the year is no longer there. PFA funds are also not available. That's why you are seeing a slow down. Times like this presents opportunity to go for fairly/undervalued stocks.

I'm just waiting for the thing to drag itself over the N20 mark  then i can start 'cleaning' my portfolio i have dumped first bank so i think the time has come for ACCESS to go the way of UBN

May be i will keep my ACCESS then.

To matters in hand what say thou about  Transnationwide express? have you made any headway i don dey beg Mypeace now she no gree answer me again

Don't know whether you should keep Access. But do your calculation and you will see that Access has delivered superior shareholder returns. That is a fact. You are angry with the reconstruction that reduces your number of units but it increased your VALUE which is the important thing!

Never got Trans Express. My Peace to no get. She don tire for my harrassment also. Na small remain make she report me give her husband. So make we just forget about am dey look at something else. No be all meat man must chop!

well when you get, you go allocate am to me OOOO.

between, if I am the architect of my life who is the builder??

Can you believe this Soludo guy? i have just read a report where he was quoted as saying that CBN will not allow any more foreign take-over of  domestic banks and that there would a cap on the equity stakes by  foreign investors in nigerian banks.

My question is how are the banks supposed to compete on the global stage if willing investors are limited in what they can invest in these banks ? the truth of the matter is there is a limit to which these banks can continue to raise funds from the local capital market (no wonder Zenith has approached the market 3 times in the last 4 years)

Foreign take-over,  yes may be that needs to be disallowed at least for now but putting a cap on the amount of capital offshore investors can invest is  non-starter for me.

I hope this guy has not overstayed his welcome!!
na wa o