wanaj0:


Fellow Contrymen, (Nairalanders), I Brigadier Guguru and Epa, hereby decree a cease fire and order a sheathing of swords from all gruntled and disgruntled, guru and guguru, elders and youngies with immediate effect and automatic alacrity. Any future ddissenting voice will be met with the full force of the law!!!!!

No comment from anybody.

wanaj0:

Okomu, you need to be a weather forecaster to deal with that one.

Not excited about UTC. Not a stock that I would love to keep in my portfolio.

Don't expect movement in Oceanic till April/May. However, if you have a 12 months horizon, UBA and Oceanic are good candidates. You may however wait till May before picking them up.

NB: I am not a CICO person so may be biased in my suggestion/comment.

invisible!:

Please, when is the year end of Ikeja hotels, anyone?

gabza:

said " we come from a culture of respect----

The foundation of Respect is Trust and Integrity and not necessarily age.
We "dobale" for people who spend looted public funds in London and we cry about under-development
I assess Nigerians by their every word and action-Gone are the days when anything goes

You guys are great!!

gabza:

Good evening Elder Orisebawo,
I think say na only me go waste my time for Trader Vics & Hilton.
I had to even watch Dragons Den in preparation for the event.
Event wey no get RSVP no be half-hearted one?

Napolean:

@

Abu Maryam

is APT securities meeting  your needs or treating you the way you would like? I do not think they are very serious, they cater for a lot of agege hausawa. How long have you been with them?

you need to use an efficient broker. Consider www.tiddosecuritiesltd.com  www.finmalfinance.net or www.newdevco.com

Finmal are good, they are quiet but discering wealthy arewa use them. Check out the board. Kin gane ko?

I dot believe in all those large brokers that have thousands of clients and a fancy website. The more you look the less you see. Any firm that has thousands of clients and fifty staff or less should worry you. How efficient can they really be. You need to be able to be talking to the MD and the actual trader and if necessay text/call him during trading. I do not believe in all this account officer waste of time, that does not trade or understand your objectives.

Does anybody know if these guys are serious http://www.piconigeria.com there is something quietly happening but I have no previous information on the company until two weeks ago and I do not know any of their board members so I personally am not interested. I suspect they are small time contractors.

MBC bank was absorbed by First bank. Their stockbrokers which was an affiliation is doing a quiet placement, however listing may not be a soon as you would expect. www.mbcsec.com their Chairman is a sound guy.

I will not bother mentioning what I feel may be out of reach to newer investors, over N100m to enter or very restricted.

@ Blueband we come from a culture of respect. My first born came in 1971 so let your youth not lead you to give your elder a hand shake that will pass the elbow.

Did any Londonites go to the waste of time at the institute of directors yesterday? The MD of Interswitch said his company had been inundated with calls from a forum demamnding pp. That will not make them release documents faster, as you know most comps raise funds ast different levels of placement. Tomorrow 3pm at trader vicks there will be a small late lunch discussing some telecom companies that are planning more quiet goodies this year, two MD will be there.

Will log in tuesday. Where is Wanaj0 I did not see him online today


Elder Napolean,


Please,Is the late lunch discussion at trader vicks tomorrow open to the public or strictly by invitation.

debenzd:

@Roughcut, I will disagree with you on one point. UBA Share plus is actually the best in the market so far. I know because i am using it. You do not pay any interest or capital till after 1 year. You also have an option to renew after 1 yr and I intend to. In addition, the mgt fee was only 2%. That was all I paid. Nothing more.

Every other bank I have approached(quite a number) have stupid charges and crazy payback periods. I may have to settle for 1st Bank in the end.

Yes you use their stockbrokers but the charges are fair. 1% commission plus all the other charges as specified by SEC.

@Orisebawo, is this the original list you were given in July? The list I had at that time which I still use has CCNN(bought at 19.50), Vitafoam(bought at 9.99) and some others. It even has Unic insurance, Royal exchange Assurance. The one stock they don't have is Dangote Sugar. This is because it was just newly listed then.

When taking a facility like this, you eed to speak with a very experienced broker. They can give you insights on what to buy. NBC was a very good candidate in January. Their end of year is this month and I expect results similar to NB sice they are coming out of a loss position.

Speak to the guys over there. I was told that you could buy using the list you were given as at July last year. I know it is revised but was told it applies to any new applicant.

GTB will definitely give you at least 2 million profit considering the volume you have.

Goodluck though

RoughCut:

Hmnn from a very rough estimate you have made about N1.9M in profits. The sell candidates in your portfolio should be Diamond and UBA but if you do you will actually make a loss after commission and charges and you don't actually have the time. They are medium-long term stocks but you don't have the luxury of time on your side. GTB will do well anyway.

The only stock on that list i can recommend is NB they are doing very well but its got a fairly high nominal value but if you don't mind you fit enter and hopefully they do well again for Q1 in March but don't expect results until May so you can lock in your profits just before then.

Unfortunately there are no CICO stocks in that list and i would be reluctant to recommend you do CICO considering you are using leveraged funds.

The problem with UBA Shareplus loan is that the costs are excessive i'm assuming this is the facility you got and i think it comes with 17% interest i think and then a 5% adm fee or something like that which you have to pay upfront.
Next time don't take a margin facility that restricts your choice of stocks.

Not sure i need to add the usual CAVEAT EMPTY if you don't make money on NB then may be you need to go and do something else

All the best!

goldenson:

For those contemplating on renting in lekki, i will suggest you look into buying properties arround 3rd round about area, Prices there are still not as high as lekki phase 1 or VGC, Instead of buying castles newspaper, you can check properties on their website castlesweekly.com

RoughCut:

And don't forget that in the UK house prices have more than doubled in the last 5-7 years if you are opportuned enough to get in on the action that is

RoughCut:

You only need to release £60K and get a mortgage for £240K for about 10 years and who says you have to pay off the mortgage in 10 years? You can pay it off sooner! Assuming you are buying a house worth that amount

oshkosh:

Yes, actually considering this option, thankfully, the Real estate boom in the UK did not pass me by, I for dey bite finger now,

But someone, it just seems easier to make this type of $ out there,

pumice:

Another slow weekend. Thot I could also post something on the lighter side.

Guess who? Hint: Look at the t-shirt.

aktopgun:

which kind of yeye mathematics is AIT doing, no be 4.8b them go get if they are selling 960m units at N5? wetin them wan do with the remaining 3b on top when them make the 1.8b wey them say them need?

original tief tief as fela talk!

or is there something i'm missing?

pumping777:

My lips don dey sealed patapata after them don show me. Na one thing to see stock to hammer na another tory to take eye see am to buy. Na BUY first, TALK later. No gain in being the first to know

4wheel:

Were you reading my mind?
In fact, it was my Dangote "money-back" I have been telling them to credit since two Mondays ago. I have now decided to escalate it to their MD level. ~600k no be small money! To cap it all, dangote gave me pittance amount of shares.
No more PO for me, 4EVER! I have seen the light