Manie Morning sir , what are the good stocks with fundamental that are selling on discount please list , i want to add to my portfolio. Thanks

manie:


I am not too sure. Government policy really affected the performance of Dunlop, that is why investors and corporate managers need to be conversant with happenings in the business environment.

And can you tell what government policy will do next to your portfolio. I mean Sanusi's actions are still hotly debated today and you prescribed their stocks when a postmortem hasn't been done.

manie: UAC was a rejected stone in 2000, the company was undergoing serious turn around. The MD/CEO in person of Mr. Ajayi shifted the focus of the company to food, logistics and the real estate subsidiaries.

The price of UAC fluctuated between N2.00 and N2.50 in 2001/2002.

@ N2.50k, 100k will buy 40,000 units of UACN. UACN is a bit stingy with bonus, but the is the stock performance as per capital appreciation since 2001.


Year Bonus Units
Feb 2000 ----- 40,000
Aug 2000 1 for 1 80,000
June 2010 1 for 4 100,000


40,000 units in 2000 have grown to 100,000 units in 2013. UACN sold for N53.00 yesterday. The 100k invested in UACN in 2000 is now worth N5.3 million in 2013.

Better put former MD/CEO of UAC-Mr Ayo Ajayi as he is no longer the MD/CEO. The current MD/CEO of UAC is Mr Larry Etta.

manie:


Did you analyse OANDO, Transcorp, Costain, Bank PHB etc before you committed fund, it is very obvious that you are not ready or willing to learn how to value a company, therefore I will advice you to only invest in Mutual funds, money market instrument or real estate. Most people over paid for investment be it stock or real estate during the last bull era. Smart investors that are currently buying are under paying for good stocks, that are selling at a discount.


You do not need to wait for the statistics from NSE, tou can also do your personal research. The ASI mirrors the total average performance of the market, a number of good stock did far better than the ASI performance, and some badly managed companies under performed the ASI.

though you are doing a great job but let us be truthful to ourself. Intecontinental was having the highest share price in the banking industries oceonic was being given award for the best performing bank afribank was a very large bank, costain was the second largest construction compay and a host of others. Finnaly if you compare and contrast the gains from the stock market to that of nigeria inflation, where are we going to stand

K

K

Reference:

And can you tell what government policy will do next to your portfolio. I mean Sanusi's actions are still hotly debated today and you prescribed their stocks when a postmortem hasn't been done.

for us to be in thesame shoe as manie, let us call those stock that are succesful though manage by scammers that dish out dividend that is far bellow inflation "succesful" and let us call those stock that can best be describe as a grand ponzi shceme unsucessful and predictable. "unsucessful".

Redoil: though you are doing a great job but let us be truthful to ourself. Intecontinental was having the highest share price in the banking industries oceonic was being given award for the best performing bank afribank was a very large bank, costain was the second largest construction compay and a host of others. Finnaly if you compare and contrast the gains from the stock market to that of nigeria inflation, where are we going to stand

Apart from the media hype, did you ever take time to study the annual reports from these companies? it helps,
If you don't take time to learn the necessary skills and practice to build a bridge you would never build anything solid, same with the stock market, there is a lot you need to learn about it before putting 1 naira inside.

bigx:

Apart from the media hype, did you ever take time to study the annual reports from these companies? it helps,
If you don't take time to learn the necessary skills and practice to build a bridge you would never build anything solid, same with the stock market, there is a lot you need to learn about it before putting 1 naira inside.

you have said it all unnecesary media hype

bigx:

Apart from the media hype, did you ever take time to study the annual reports from these companies? it helps,
If you don't take time to learn the necessary skills and practice to build a bridge you would never build anything solid, same with the stock market, there is a lot you need to learn about it before putting 1 naira inside.

b4 now most of those stocks i mention and according to sanusi the cbn gov are fund of declaring paper profit, now, when you anaysis all this paper profit what will you get. Let me guss and see if i will be right. (False net profit, false gross profit, false bonus unit that will only be on paper, meaningless dividend that does not correlate with the fals paper share price, finnaly these great scammers will tell that false 80% of the earnings will be retain for futher investment.

Redoil: b4 now most of those stocks i mention and according to sanusi the cbn gov are fund of declaring paper profit, now, when you anaysis all this paper profit what will you get. Let me guss and see if i will be right. (False net profit, false gross profit, false bonus unit that will only be on paper, meaningless dividend that does not correlate with the fals paper share price, finnaly these great scammers will tell that false 80% of the earnings will be retain for futher investment.

That's why I say study, you should read everything critically, comparing Year on Year perfomance, Keeping tabs on news (not sponsored stories) about these companies, or even talking with staff of the firms on the general condition, if they are being owed salaries (e.g DAAR communications)and so on helps, financial discrepancies are very difficult to hide from the practiced eye.
Like the OP said too, avoid penny stocks.
Buy under-valued not low priced,
I didnt have any larger than normal loss all through the bear season and my stocks keep appreciating till today.
Look beyond profits announced,

Redoil: oando went for ipo at 75 naira, it is now 17 naira under some scammer which i will not mention thier name. Transcop 7naira formaly .50kobo nown 1.50 naira Daar is almost dead intercontinental bank, oceonic bank, bankphb, costain west africa etc. All these ones are dead or reduced to ground zero. Finnaly statistics lies a lot, about the all share index, all those figure you are seeing were cooked up to show the outside world that we are moving.

it actually did the offer at N95.00k, do not forget that you have enjoyed bonuses on your investment in OANDO, but all the same I think the management of OANDO could have done better.

We over paid when we bought OANDO for N95.00 and the right issue for N70.00 some years back. We bought based on the growth picture painted by Wale and co, but generally the stock market is a good route towards attaining financial independence.

Reference:

Hmm. Lies, damn lies and statistics. Anyway we've not considered the biggest daddy of them all - inflation. Manie can you kindly adjust for inflation and re-contextualize.

The ASI grew from 100 to over 28,000 in 29 years. This is a growth of 27,000%, giving an annualized growth rate of over 23%, when the market is appropriately priced the annual growth rate we increase to 30 or more.

I don't think inflation rate over the last 30 years is more than an average of 10%

Reference:

Hmm. Lies, damn lies and statistics. Anyway we've not considered the biggest daddy of them all - inflation. Manie can you kindly adjust for inflation and re-contextualize.

Thanks and God bless you.


In the investment world few are called and fewer are chosen. You don't have to invest in the the stock market, there are other investments that suit your temperament, risk tolerance and intellect.

The fact that a lot of people got burnt in the stock market in recent past don't make manie's points slightly untrue or invalid....the stock market is still a viable machinery for wealth creation with enormous potentials anyday anytime in as much as you do your home work right (like the saying in economics "there is no free lunch,its either you are paying or someone else is") i guess we'll just have to see the stock market either way (as a glass half full or half empty). The stock market is a highly volatile money making terrain and d last time I checked " no pain no gain" "no guts no glory"
@mannie has been on the positive side of the market and he's seeing the glass half full(he's got d right to) and I'd be glad if he (mannie) also share some of his investment downsides too so people can actually see he is not as perfect as they think.

My 2 cents
God bless us all.

Lilimax:
Better put former MD/CEO of UAC-Mr Ayo Ajayi as he is no longer the MD/CEO. The current MD/CEO of UAC is Mr Larry Etta.

manie: UAC was a rejected stone in 2000, the company was undergoing serious turn around. The MD/CEO in person of Mr. Ajayi shifted the focus of the company to food, logistics and the real estate subsidiaries.



Was Larry Ettah the person who shifted the focus of UAC to foods, logistics and real estate in 2000. The answer is no.

Josh121: Manie Morning sir , what are the good stocks with fundamental that are selling on discount please list , i want to add to my portfolio. Thanks

If you can not detect the curent stocks that are selling at discount out please stick to mutual funds, or money market investment.

Reference:

And can you tell what government policy will do next to your portfolio. I mean Sanusi's actions are still hotly debated today and you prescribed their stocks when a postmortem hasn't been done.

Look at the effect of Obasanjo's policy on the importation of fruit juice or cement.

The policy on the importation of fruit juice created wealth for companies like Chivita, Fumman etc. it also led to investment by MNC in that sector.

The policy on cement led to capacity building by WAPCO, CCNN, Ashaka Cement and Dangote Cement. I saw the price of WAPCO move from N8.00 to the current price of N71

sixteen08:
@mannie has been on the positive side of the market and he's seeing the glass half full(he's got d right to) and I'd be glad if he (mannie) also share some of his investment downsides too so people can actually see he is not as perfect as they think.

Hmm.

I have these kinds of conversations with my broker all the time. Over time, I learnt to listen rather than debate. And I was very active on the market between 2000 and 2009, so 90% of the information manie is providing is not news to me. Not news, and very valid. People who want to, should listen and learn. So far what I have read is very positive.

manie:


it actually did the offer at N95.00k, do not forget that you have enjoyed bonuses on your investment in OANDO, but all the same I think the management of OANDO could have done better.

We over paid when we bought OANDO for N95.00 and the right issue for N70.00 some years back. We bought based on the growth picture painted by Wale and co, but generally the stock market is a good route towards attaining financial independence.

97 naira in 2004 for the public offer. There wasn't any IPO because UNIPETROL (their predecessor) was already listed at that time, and was trading.
Oando has been one of the worst-performing stocks in recent history. Definitely one of the worst for me, which is why I ignored their recent rights issue. Even the bonuses and dividends have not been impressive.

Redoil: though you are doing a great job but let us be truthful to ourself. Intecontinental was having the highest share price in the banking industries oceonic was being given award for the best performing bank afribank was a very large bank, costain was the second largest construction compay and a host of others. Finnaly if you compare and contrast the gains from the stock market to that of nigeria inflation, where are we going to stand

Intercontinental sold for close to N50.00 before the crash, the fundamentals of the company do not support the price, Oceanic and Afribank did not do better either. Shoreline owned by the Karim Brothers became the new core investors in Costain and we saw the price move from about N2.00 to over N30.00 within few months, yet the company did not have any audited result.

Penny stocks became the in-thing people were selling blue chip stocks to invest in penny stocks like Constain, Afroil, Capital Oil, Private Placement like Geo fluid, Tetrazini, IIA etc. Investors threw caution to the wind and people like us were referred to as old school investors. Forgetting that the stock marlket is not a Casino, but a market where firms come to raise fund for their businesses and investors share in the returns from these businesses.

Redoil: though you are doing a great job but let us be truthful to ourself. Intecontinental was having the highest share price in the banking industries oceonic was being given award for the best performing bank afribank was a very large bank, costain was the second largest construction compay and a host of others. Finnaly if you compare and contrast the gains from the stock market to that of nigeria inflation, where are we going to stand

Returns from the stock market over the last 30 years is far more than inflation.

manie:


Returns from the stock market over the last 30 years is far more than inflation.

You know, I did that N600 NBL analysis.
Even if the stock was priced at 1 naira a share back then (which was impossible in 1972), and the company did a 1:1 every four years since then, you would have ended up with around 307,000 shares today (2013).

Though you could argue that N600 (300 Nigerian pounds) in 1972 was most people's six months or 1 year salary. A brand new car in 1972 (Opel Kadett), bought by my father, sold for less than one thousand Nigerian pounds.

bigx:

Apart from the media hype, did you ever take time to study the annual reports from these companies? it helps,
If you don't take time to learn the necessary skills and practice to build a bridge you would never build anything solid, same with the stock market, there is a lot you need to learn about it before putting 1 naira inside.

Stock market investment is an intellectual business that involves a lot of study, if you are not ready to do this do not put your more into stocks.

There is no investment that does not require study, but Nigerians are generally lazy. We do not blame ourselves for our mistakes, we always blame others for our mistakes.


According to Barrack Obama, our destiny is not written for us, but written by us.

Nobody will make us financially independent, we are the one to devise means and strategies that will make us to be legitimately financially independent.

AjanleKoko:

You know, I did that N600 NBL analysis.
Even if the stock was priced at 1 naira a share back then (which was impossible in 1972), and the company did a 1:1 every four years since then, you would have ended up with around 307,000 shares today (2013).

Though you could argue that N600 (300 Nigerian pounds) in 1972 was most people's six months or 1 year salary. A brand new car in 1972 (Opel Kadett), bought by my father, sold for less than one thousand Nigerian pounds.

You now know why some retirees have stocks running into hundreds of millions or billions of Naira.

sixteen08: The fact that a lot of people got burnt in the stock market in recent past don't make manie's points slightly untrue or invalid....the stock market is still a viable machinery for wealth creation with enormous potentials anyday anytime in as much as you do your home work right (like the saying in economics "there is no free lunch,its either you are paying or someone else is" i guess we'll just have to see the stock market either way (as a glass half full or half empty). The stock market is a highly volatile money making terrain and d last time I checked " no pain no gain" "no guts no glory"
@mannie has been on the positive side of the market and he's seeing the glass half full(he's got d right to) and I'd be glad if he (mannie) also share some of his investment downsides too so people can actually see he is not as perfect as they think.

My 2 cents
God bless us all.

Wema Bank, OANDO, Intercontinental, Union Bank were some of my worst investments, but generally the market has been good to me.

manie:


Returns from the stock market over the last 30 years is far more than inflation.

i am left with only one choice to bow to ur superior reasons and arguments. well done and continue the good work. You deserve a big drum of ogogoro for a job well done.

AjanleKoko:

Hmm.

I have these kinds of conversations with my broker all the time. Over time, I learnt to listen rather than debate. And I was very active on the market between 2000 and 2009, so 90% of the information manie is providing is not news to me. Not news, and very valid. People who want to, should listen and learn. So far what I have read is very positive.

Please share your experience with us, i don't want to be the only person doing the talking.

Were you a short term trader, long term investor, or you do a combination of both.

I have 4 stock broking accounts, that were used for different purposes, trading, long term investment and real estate investment.

AjanleKoko:

You know, I did that N600 NBL analysis.
Even if the stock was priced at 1 naira a share back then (which was impossible in 1972), and the company did a 1:1 every four years since then, you would have ended up with around 307,000 shares today (2013).

Though you could argue that N600 (300 Nigerian pounds) in 1972 was most people's six months or 1 year salary. A brand new car in 1972 (Opel Kadett), bought by my father, sold for less than one thousand Nigerian pounds.

Did you take into consideration when the par value of shares on the exchange was changed from N1.00 to 50k per share.

Even at that 307,000 units of NB shares will be worth almost N50 Million, not bad for an investment of N600 some 41 years ago.

@Manie:Thank's for opening this thread...i believe this is going to be one of the best nairaland thread ever.
Pls for some of us who don't really know our 'left from right' as per Shares,could you turn this thread to your virtual classroom?
Thanks.
Besides...what's the difference btw Shares and Stocks??

AjanleKoko:

Hmm.

I have these kinds of conversations with my broker all the time. Over time, I learnt to listen rather than debate. And I was very active on the market between 2000 and 2009, so 90% of the information manie is providing is not news to me. Not news, and very valid. People who want to, should listen and learn. So far what I have read is very positive.

For me, all @mannie's point are on point and I am learning some new ways to re-approach the market....I am just tired of this whole "knife cuts ur hand and you simply throw the knife away" approach of people

manie:



Wema Bank, OANDO, Intercontinental, Union Bank were some of my worst investments, but generally the market has been good to me.

apart from the banking stocks which other sector do you think is profitable