hello my people, long time no hear!
For ma people dreaming of Oil stocks, they may take the risk, since high risk could fetch high return. Oando has alredy surpassed my forcast price, Afroil needs to release an interim result to convince me that they should be trading near the n10 mark Japaul Oil is a MUST BUY ALL for long - term investors since those of us who bought the hybrid offer will surely sell once they credit our CSCS which should take the theorectial ex-right price lowwer than what it is tarding at currently. Eterna Oil is a HOLD (speculative). the persistent surge in oil prices globally may be responsible for these price rally in the Oil sector, notting more.
For 2008 the Nigerian Equities Market Will Sustain Upward Trajectory: Owing to the current bullish sentiments prevailing on the NSE, we expect the market to maintain an upward trajectory in the coming 6 months, spurred on by strong corporate earnings. The Central Bank Governor recently stated his intentions to set limits on foreign equity holdings in Nigerian banks. It remains to be seen whether this development will temper interest in the banking sector going forward. For the 1st half of the year, we foresee a growth in excess of 25% for the Nigerian Equities Market owing to an anticipated growth in the GDP by 8%. Funds from banks’ excess shareholders’ funds, over N80 billion released insurance funds, N250 billion returned monies from FBN oversubscribed hybrid offer, pension funds and inflow of foreign hedge funds should drive market indices to new highs in 2008.
Please find attached my recommended stocks for the first - half year of 2008. By God's Grace, we shall all make clean sweatless money this year!
My caveat still stands. BUYERs BEWARE!!!
Thanks for your analyses, always insightful.
From your list os suggestions, I couldn't see wapic and equity assurance, the toasts of insurers in recent times. Do you think those are not good for the first part of this year?
Secondly, I recently bought nem and guinea assurance, both to the tune of about N1m, what do you think of these choices? What potential do they have in the next two three months? Thanks.