Easimoni,

Where you don dey, I don miss you oh

O'll boy how u dey now. Just showing some interest and checking out the bro

Nigsecurities finally updated!
All hail NIG-GERMAN, it just keeps climbing

ololufemi:

Countdown to the bears seizing grip of the insurance sector of the stockmarket.

Two (+ or -) days to go.

Tick, tick, tick, tick, tick tock,



Fidson is a good company but need to look at their figures and compare with the industry/sector average.

Na wa o 4 this bearishly looking person! Your bearish comments along this line are beginning to sound monotonous. You've made your opinion vividly clear, but stop using them repeatedly in shaking naive investors   ( For me sha! , no shaking!).

Abeg, remember there are no permanent champions in this market! It's a zero-sum game! Nah people (no be machines) dey buy all these shares at any given price/time . People wey probably and positively see things on the horizon dat you no fit see at all!! Nuff said!!

This out stock market self na wa o! who was shouting thank God for union bank d other day? they lost a whole N9.23 in one day. what happened? that is about all the profit they made earlier.
can the gurus shed light on this?
similar thing happened to AP when they made about N4 everyday for some days and then went back to lose it.
Any ideas?

lawalidowu:

This out stock market self na wa o! who was shouting thank God for union bank d other day? they lost a whole N9.23 in one day. what happened? that is about all the profit they made earlier.
can the gurus shed light on this?
similar thing happened to AP when they made about N4 everyday for some days and then went back to lose it.
Any ideas?

Union Bank was adjusted for bonus and dividend today

all Gurus, please let me enjoy the benefit of my mutual benefits oh. any thots on peak out prices. would you advise jumping out of benefit @N4.5 to go into Access for a gain of N5 within 3 months.

any chance u can compare someone that bought union bank on friday to someone that bought today. does the affect the share volume?

Lawal Idowu,

That's what I was trying to tell Mr No shaking there. It's better we look out for each other. I am not saying that people should not buy, but when prices have gone up by about 23 % (5% starting from Wednesday last week) it is not wise to enter because we know say some individual with a lot of stocks - I am talking about hundreds of millions go just sell am and those who have the thousands will probably get burnt.

The large players determine where the market goes.

Imagine someone trading off about 30 million units of a particular stock if all those stocks are on offer and nobody wants to buy.

No shaking, I am sure you have your gameplan but no let us mislead people to think the stock market is a guessing game.

Tht insurance game is getting scary everyday. They did another 5% today.

If it continues till next weeek, good but I can still catch up when they surely come down.

Sorry for responding late to the queries. Can see that others are doing justice to issues raised.

UBA and First Bank buying into Transcorp? Not sure that is true. I think the banks are just converting their loans to equity.

First Bank to get N10bn (not N1.1bn) from the botched IIL deal. If that happens, the PAT of First Bank will be credited with an extra ordinary income of N10bn. Don't forget that First Bank wrote of that money in a single financial year. If this money is returned, then the price of First Bank will hit the roof tops!!!

Nigerian German is doing fine. Can still see headroom.

Longman and Beta Glass are not very liquid stock so be careful. Longman Q4 result is always very high. Don't forget it is a book publishing company. Q4 is the time when they make most sales. That's when schools are starting a new session. Hence the skewed nature of the earnings.

Insurance, be careful!!! The problem is not over. Except many court cases. The insurance consolidation is an example of how not to do things. I expect the current jubilation to be shortlived. Moreover, the current run is just out of excitement. The money is yet to be released!!!!! The list is the same 'initial' list but excluding NICON and Nigerian Re. I expect many more additions and subtractions as days go buy.

UNIC is good. Would like to see how they treated the non-life part of their business. Plan was to sell it but not sure who they sold it to.

For short term traders, be careful!!!!!!!

Whats happening to this thread?

Its losing the serenity,smoothness and blend of ideas and information that has characterised it in recent times. I am not happy with this 25%,1%,bail out strategy,bear is gonna eat u up by friday,the wise dog listens to the hunter's whistle etc. posts.Anybody else noticed it or i am the one that needs to check up myself?

Guys, Guys, Guys,

News from the grapevine.

Just got a text saying First Bank may receive the money it forfeited at the Nitel/IILL deal that the financed. The sum is 100 million dollars which translates to over N10 billion . If this is true and it comes into their financials for the current financial period as an exceptional item,

What happened in 2006 may repeat itself when the price traded at a maximum of N72 from about N26 and a bonus issue of 1 share for every 1 held.

Guys its time for those who own first bank shares too start praying and fasting oh.

Over N10 billion ,

The bulls may be coming for First Bank soon if this is true.

Damouche Abeg no vex oh.

Sorry if those comments posted offended you

no_shaking:

Na wa o 4 this bearishly looking person! Your bearish comments along this line are beginning to sound monotonous. You've made your opinion vividly clear, but stop using them repeatedly in shaking naive investors   ( For me sha! , no shaking!).

Abeg, remember there are no permanent champions in this market! It's a zero-sum game! Nah people (no be machines) dey buy all these shares at any given price/time . People wey probably and positively see things on the horizon that you no fit see at all!! Nuff said!!

BE HONEST, YOU'RE SHAKING BADLY.
You put everything into insurance??.

damoche07:

Whats happening to this thread?

Its losing the serenity,smoothness and blend of ideas and information that has characterised it in recent times. I am not happy with this 25%,1%,bail out strategy,bear is going to eat u up by friday,the wise dog listens to the hunter's whistle etc. posts.Anybody else noticed it or i am the one that needs to check up myself?

You are not alone.

First Bank issue--- this may be  a rumour or it may be true.

But this sort of story (true or not) may result in serious speculation on this stock and will push up the price in anticipation of an exceptional profit declaration.

Those that have any number crunching on First Bank should post , let's look at the mumbers.

damoche07:

Whats happening to this thread?

Its losing the serenity,smoothness and blend of ideas and information that has characterised it in recent times. I am not happy with this 25%,1%,bail out strategy,bear is going to eat u up by friday,the wise dog listens to the hunter's whistle etc. posts.Anybody else noticed it or i am the one that needs to check up myself?

It is the hype of the "bullish run" of the last 3 days that has increased the adrenaline of @Fatherof 2 , @ololufemi and @no shaking.

I apologise on their behalf.

On a serious note, we need to keep this thread focused on the good and qualitative stuff.

Does anyone have numbers on Berger paints? The numbers I have are too good to be true,

ololufemi:

Guys, Guys, Guys,

News from the grapevine.

Just got a text saying First Bank may receive the money it forfeited at the Nitel/IILL deal that the financed. The sum is 100 million dollars which translates to over N10 billion . If this is true and it comes into their financials for the current financial period as an exceptional item,

What happened in 2006 may repeat itself when the price traded at a maximum of N72 from about N26 and a bonus issue of 1 share for every 1 held.

Guys its time for those who own first bank shares too start praying and fasting oh.

Over N10 billion ,

The bulls may be coming for First Bank soon if this is true.

THIS IS WHY I'VE TOLD YOU, BUY ON RUMOUR, SELL ON NEWS.
Someone has just posted a good Rumour NOW.I'm going shopping tomorrow. The word will spread.I heard same at about 8:30am this morning.
Speculators will jump in as soon as its slightly confirmed.THEN WILL SELL ANYTIME AFTER THE FAVOURABLE NEWS COMES OUT.
Act now.
It was already on my buy list from January as we await 9months.

@ YodiYokun

Thanks a lot for the concern. I appreciate it but we need to let people understand certain things.

I noticed that people were being encouraged to buy, buy, buy in a bullish market which I know Pumpimg, Yourself, Easimoni would not do.

My question to you.

Did you buy any insurance stock today?

Anyway thanks and I apologise for the rancour in the house.

The First bank issue. I just got the info though its speculative but if it is true, your guess is as good as mine.

I still remain loyal



Simply humble[

damoche07:

Whats happening to this thread?

Its losing the serenity,smoothness and blend of ideas and information that has characterised it in recent times. I am not happy with this 25%,1%,bail out strategy,bear is going to eat u up by friday,the wise dog listens to the hunter's whistle etc. posts.Anybody else noticed it or i am the one that needs to check up myself?

I strongly agree with you, is as if the thread is gradually degenerating to another thing. This thread started as an educative centre for those who want to learn and those who are already dealing in stock business but  the aim is gradually being trampled upon by the way some members react to questions.

We can never be the same because there is always individual differences in virtually everything we do as human being so we should always endeavour to respect each others views and criticize constructively wheneven the need arises.

Peace.

yodiyokun:

It is the hype of the "bullish run" of the last 3 days that has increased the adrenaline of @Fatherof 2 , @ololufemi and @no shaking.

I apologise on their behalf.

On a serious note, we need to keep this thread focused on the good and qualitative stuff.

Thanks for the apology.I owe you one.

Pumping777

Post your numbers and lets see what you have.

Outstanding Shares: 0.22B
Projected PAT :0.13B
PE Ratio (yesterday) :13.66

pumping777:

Outstanding Shares: 0.22B
Projected PAT :0.13B
PE Ratio (yesterday) :13.66

Very good PE.But its getting high now.Closed at N8 today. Entry price is N6.50 - N7

A N10 stock.Lets see how this week pans out.

Good news for Transcorp peeps this morning!!

First Bank and UBA planning to buy substantially into Transcorp to become major stakeholders and subsequently present directors to serve on the board etc

Hoping the coming of these two megabanks into Transcorp would positively and swiftly impact on the turnaround process(turnaround sha? Huh jumpstarting? Undecided or whatever process) of Transcorp.

Happy investing esp this anticipated bullish week

@ No_shaking

Do you have any reference for the above or is it largely rumors or insider info?
In essence, link please! Thanks.

Yes Berger Paints have appreciated by 20% from last week monday till date.

However, can we attribute this gain to the current bullish trend ? or to what.

What is the guaratee that the entry price of 6.50 will be feasible soon?

What of opportunity cost consideration - are there better deals out there.

@Pumping,

Where did you get your figures? I just checked cashcraft.com now and the no of shares listed for Berger Paint is 1.734B

I have searched for their result and no luck.

Please clarify ooo

FatherOF2:

Very good PE.But its getting high now.Closed at N8 today. Entry price is N6.50 - N7

A N10 stock.Lets see how this week pans out.

I already bought at N6.60 and due to the appreciation I wanted to check if I still need to hold or sell after some more appreciation.

@yodiyokun - Right now I can't recall where I got the outstanding shares numbers from. Probably Meristem/NSE. Sometimes both are wrong.

You will find Berger's results here in the half year results block.

http://www.nigerianinvestments.com/story.php?id=44

pumping777:

I already bought at N6.60 and due to the appreciation I wanted to check if I still need to hold or sell after some more appreciation.

@yodiyokun - Right now I can't recall where I got the outstanding shares numbers from. Probably Meristem/NSE. Sometimes both are wrong.

You will find Berger's results here in the half year results block.

http://www.nigerianinvestments.com/story.php?id=44

Thanks for this link PUMPING.

You're a pumping machine.

I need information on Ashaka Cement, can someone tell me what is happening in that company?

I need information on Ashaka Cement, can someone tell me what is happening in that company?

Nairalanders,my dad is opening and reading my share certificates b/4 it gets to me,how do i avoid this because i dont want him to see my UBA,FBN,OCEANIC AND ACCESS that are yet to come. he is definitely going to scream if he sees that?.Pls the gurus respond.

haha I'm guessing u live in his place then better change your address to somewhere else that u trust.
I'm assuming you are also grown, abi na him dey feed u, so he'll be surprised as to how much you are spending on NSE as opposed to contributing for house

husu:

Nairalanders,my dad is opening and reading my share certificates b/4 it gets to me,how do i avoid this because i don't want him to see my UBA,FBN,OCEANIC AND ACCESS that are yet to come. he is definitely going to scream if he sees that?.Please the gurus respond.