Some additional sites as requested

http://www.financialnigeria.com/MARKETS/Stock/stock_list.aspx

http://leadcapitalng.com/resources/archives.asp

@pumping
pls can u send me the phb prospectus ?
temietope at gmail.com

FatherOF2:

Where you beginning to doubt yourself before?.

me no shaking i dey kampe i agreed with what Temmie10 said that relying on rumours to trade is in more ways than one a recipe for disaster!

pumping777:

Some additional sites as requested

http://www.financialnigeria.com/MARKETS/Stock/stock_list.aspx

http://leadcapitalng.com/resources/archives.asp

@Pumping thx for the lonk to this site, seems as if JI is going to fight till the end


http://www.financialnigeria.com/NEWS/news_item_detail.aspx?item=388

@roughcut et al

insurance securities are doing great right now and i don't see why th etrend shouldn't continue into the new year really, as long as one buys on fundamentals and not RUMORS!!!. (sorry, couldn't resist that )

thurs or friday next week may be early for me though

any idea when crusader will release results, grapevine says dec,
what say u?

pumping777:

Some additional sites as requested

http://www.financialnigeria.com/MARKETS/Stock/stock_list.aspx

http://leadcapitalng.com/resources/archives.asp

Thanks pumping for that lead capital link. Those recommendations are the main guide to investing profitably.

GUINNESS: 1ST QUARTER RESULT ENDED SEPT 30, 2007.

1ST QUARTER RESULT ENDED SEPT 30, 2007.

TURNOVER 2007 =N=13.65B 2006 =N=11.99B

PBT 2007 =N=1.90B 2006 =N=2.40B

TAXATION 2007 (=N=609.76M) 2006 (=N=768.58M)

PAT 2007 =N=1.29B 2006 =N=1.63B.

FIRSTINLND: INLAND BANK PLC ON TECHNICAL SUSPENSION

WE HAVE TODAY PLACED FIRST INLAND BANK PLC ON TECHNICAL SUSPENSION FOLLOWING THE RECEIPT OF THEIR APPLICATION FOR A PUBLIC OFFER OF 5.4B ORDINARY SHARES OF 50K @ N10.50K.

@ all,
Thanks for your links. I am assuming we are gaining a lot, cos I am .
Who knows anything about FTN Cocoa Processors. They are running a private placement and this is looking like a good one
http://www.meristem.com.ng/fileupload/FTN%20PLACEMENT%20MEMORANDUM-%20DRAFT%20COPY.pdf.

Cocoa Processing in Nigeria might be on the surge again,

Gurus please crunch numbers and do ur research and tell us what you know!!
Thanks,

RTBRISCOE: 3RD QUARTER RESULT ENDED SEPT 30, 2007

TURNOVER 2007 =N=11.99B 2006 =N=9.18B

PBT 2007 =N=700.90M 2006 =N=513.1M

TAXATION 2007 (=N=224.29M) 2006 (=N=164.3M)

PAT 2007 =N=476.6M 2006 =N=348.77M

aktopgun:

@roughcut et al

insurance securities are doing great right now and i don't see why th etrend shouldn't continue into the new year really, as long as one buys on fundamentals and not RUMORS!!!. (sorry, couldn't resist that )

thurs or friday next week may be early for me though

any idea when crusader will release results, grapevine says dec,
what say u?

Greediness is what causes peoples fingers to get burnt in the stock market.Set a target for exit (say 25%) Bail out by friday and move to virgin territory.
Let compounding do the job for you.Get another 25% elsewhere and move on.
You can sell next friday after making your 25% and move into crusader.I also heard of December release(RUMOUR).Then you strike another 25% when the news of the result comes out.You would have compounded your previous 25%.

hispy99:

RTBRISCOE: 3RD QUARTER RESULT ENDED SEPT 30, 2007

TURNOVER 2007 =N=11.99B 2006 =N=9.18B

PBT 2007 =N=700.90M 2006 =N=513.1M

TAXATION 2007 (=N=224.29M) 2006 (=N=164.3M)

PAT 2007 =N=476.6M 2006 =N=348.77M

Are you on the floor or are you in the US. How did this info just get to you so fast. Market just close now?.
Good result sha. ThankGod i'm in position.

FatherOF2:

Greediness is what causes peoples fingers to get burnt in the stock market.Set a target for exit (say 25%) Bail out by friday and move to virgin territory.
Let compounding do the job for you.Get another 25% elsewhere and move on.
You can sell next friday after making your 25% and move into crusader.I also heard of December release(RUMOUR).Then you strike another 25% when the news of the result comes out.You would have compounded your previous 25%.

Not necessarily, remember that our investment objectives are different ooo.

@ All,

Please what's happening to Unity Bank? Anything in the horizon to explain why it's been on a trot past few days? It opened at 7.21 and never went lower to close at 7.57(+0.36 i.e 5% gain). Is there a merger or FDI in the offing?

Also is Ecobank on TS? It's been stagnant for like 2-3days. Is it cos of the proposed merger? Kai this is one of the stocks that l rushed to buy(on the advice of guess who?? My stockbroker) only for it not to meet that price again. Thank God I met you guys in this forum, else I would have had my whole body (not just the fingers) burnt by now

hispy99:

GUINNESS: 1ST QUARTER RESULT ENDED SEPT 30, 2007.

1ST QUARTER RESULT ENDED SEPT 30, 2007.

TURNOVER 2007 =N=13.65B 2006 =N=11.99B

PBT 2007 =N=1.90B 2006 =N=2.40B

TAXATION 2007 (=N=609.76M) 2006 (=N=768.58M)

PAT 2007 =N=1.29B 2006 =N=1.63B.

Guinness dropped profits

It appears UBN finally lost steam. Closed at N50.33 today.

pumping777:

Guinness dropped profits

Why will profits not drop.That new head office they're building is enough to drop profits.

adeyinkat:

@ All,

Please what's happening to Unity Bank? Anything in the horizon to explain why it's been on a trot past few days? It opened at 7.21 and never went lower to close at 7.57(+0.36 i.e 5% gain). Is there a merger or FDI in the offing?

Also is Ecobank on TS? It's been stagnant for like 2-3days. Is it because of the proposed merger? Kai this is one of the stocks that l rushed to buy(on the advice of guess who?? My stockbroker) only for it not to meet that price again. Thank God I met you guys in this forum, else I would have had my whole body (not just the fingers) burnt by now

I only use my stockbroker to effect buy or sell and not for advice. They only think of their commission most times.You have to look out for yourself.

Anyone noticed that Transccorp has been going full throttle for the last three days.

Any reason why?I hope the race has not started cos i av not bought much o.

@ fatherof2


i wouldn't consider greed as a driving force, for me at least
it is a question of strategy and goals really
i already took up a substantial position in crusader 2 months ago

Hi pumping and all the gurus in the house. Looks like TRANSCORP is resurrecting? Is this the right time to check in??

Hey pumping, please did you see my e-mail, I would really appreciate your reply to my e-mail box, I need all teh advice and , teekachi (at) yahoo.com

aktopgun:

@ fatherof2


i wouldn't consider greed as a driving force, for me at least
it is a question of strategy and goals really
i already took up a substantial position in crusader 2 months ago

Hey TopGun, That's good. 2 MONTHS AGO.That means you were in lose last week then.

transcorp is only doing the normal gyro,there nothing on ground right now for much excepeted take off.
i am still waiting for it at N3.00.

my intercontinental Bank certificate could not be verified by the registrars cuz of irregular signature. Whats the EASIEST option?

pls help.

@ father0f2

i was in a loss for 2 months up till 2 days ago actually

so the patient dog,
oh u know the rest!!

hope it continues for a while longer at least

Latest Market Info
FIDELITYBK: AUDITED ACCOUNT FOR THE ENDED JUNE 30, 2007

TURNOVER 2007 =N=24.85B 2006 =N=11.93B

PBT 2007 =N=5.11B 2006 =N=3.67B

TAXATION 2007 (=N=397.0M) 2006 (=N=454.78M)

PAT 2007 =N=4.714B 2006 =N=3.218B


Is anyone buying this offer by the way?

@hispy

i bought it but i'm in it for a longer time frame than most though

trying to make myself feel better

its not that great short term anyway

hbrednic:

transcorp is only doing the normal gyro,there nothing on ground right now for much excepeted take off.
i am still waiting for it at N3.00.

Hope u wont wait for too long.I feel the drive is due to their communications' director statement in the papers during the week.

damoche07:

Hope u wont wait for too long.I feel the drive is due to their communications' director statement in the papers during the week.

you mean his irresponsible statement of N4.35 trillion earnings in 3 years?

Thanks pumping, I'ev seen your reply.

hi all,

The best thread on the web as at date. More power to your elbow.

Ecobank on TS but I wonder ow long that will be. Keeping my fingers crossed.

Wont mind tying my dough in Bagco for bout a year. Someting is up there.

For me Wema is good but not too fantastic.

But my small voice keeps telling me that som of these banks mite just be cooking their books. I hop i am wrong cos if that na d case. WEll

FatherOF2:

Hey TopGun, That's good. 2 MONTHS AGO.That means you were in lose last week then.

Fatherof2,
I'm a bit concerned with your strategy of making 25% gains in days/weeks based on rumours and jumping ship after you cross your magic number. Even for naija, where out-of-the-box thinking seems to work in the NSE, your "stick and move" startegy makes me nervous. If I'd jumped ship after making 25% on Wema (which I bough ~N4.3), how would I have ridden it to 14? The cost of transactions in the NSE are too high. You have to sell at 7% above your buy price just to break even. + research has shown that if you hold a stock for 12 months, 90% of your gains come in 3 to 5 5-7 day spurts. You miss those spurts, you don't make as much money as you should.

What if your rumours turn out to be false? Did you also know that those peddling rumours are often guilty of insider trading. If you KNOW that a bank is about to issue a bonus, the insider who told you is guilty of breaking the law. Sure, gist is often true, but I held 80% of my 'folio in Wema for most of 2007. I heard every gist imaginable, 90% of them fizzled out - nothing but noise. But one thing remained the same; the potential I saw for the 07/08 results.

Anyway, the goal is to find what works for you and stick to it. If sticking and moving works for you; it's all good but it won't work for most people.

Don't take offense and if you have gist, pls share o  _{(as long as you don't ask anyone to compromise themselves)}