Mr. Risky:

Why did UBA price drop?  Is it that people are not satisfied with the result or the reward?

If it is because of no BONUS, they would have known that UBA has the tradition of giving BONUS every other year, and since they gave last year, they shouldn't have expected BONUS this year.

For me they are on the right path!

Kudos UBA

easimoni, Roughcut, what do you know about R T Briscoe and Air Services & Logistics?
Please tell a fan of yours here

cant find anything else apart from what you already know

intercontinental actually went beyond thier previos 52wk high of N30

interesting.

i smell something me thinks or am i just blessed?

aktopgun:

@roughcut

cutix are doing well as i thought they would.

i am sorry i didn't trust my initial conviction and go in earlier but sha, its never too late!

they are mine for 2008 and probably beyond, not sure if they'll be around by the time my kids are around for me to pass it on to them though!!      

Intercontinental will be that much i can bet you as it happens my son is already a shareholder lucky him

@fatherof2

Is the plan to enter UBA by the end of the week still on? how does the result affect the plan abi is it all part of the plan?

@ roughcut

i hear u man.
just doing some digging on them now, their share price has just about doubled in a year

they are strong from everything i've found out about them and are positioning themselves for growth.
i like all the noises they're making.

maybe i'll take ur lead and welcome my son to the world with intercontinental shares when he's born in 3 days time      

aktopgun:

@ roughcut

i hear u man.
just doing some digging on them now, their share price has just about doubled in a year

they are strong from everything i've found out about them and are positioning themselves for growth.
i like all the noises they're making.

maybe i'll take your lead and welcome my son to the world with intercontinental shares when he's born in 3 days time

congrats man! and welcome to the world of sleepless nights and changing diapers _{i'm assuming this is your first} i wont swap the experience for anything else

intercontinental gist off stock exchange website


0.98 - eps

26.35 - pe ratio (trailing i believe)

aktopgun:

@ roughcut

i hear u man.
just doing some digging on them now, their share price has just about doubled in a year

they are strong from everything i've found out about them and are positioning themselves for growth.
i like all the noises they're making.

maybe i'll take your lead and welcome my son to the world with intercontinental shares when he's born in 3 days time       

Intercontinental is up there with Zenith and the BIG boyz its in the premier league and Erastus Akingbola has been an asset to the bank

RoughCut:

congrats man! and welcome to the world of sleepless nights and changing diapers _{i'm assuming this is your first} i wont swap the experience for anything else

aktopgun:

@ roughcut

maybe i'll take your lead and welcome my son to the world with intercontinental shares when he's born in 3 days time

My dear after 2 myself, the initial breathtaking and wondrous excitement has quite died down to shouts of _{don't go there, don't do that, stop fighting, thats rude, be nice , I love you sweetie}

But I still would not trade them for the world - they are a blessing.

So welcome to the wild west of parenting!!!!!!!

Oh men, they thought I knew something about RT and Airservice. Nothing for sure apart from their declared shares outstanding. Heard something long ago about ARM into RT, can't remember the gist.

I am only simply impressed with their continuous growth, average of 50m monthly for RT, for me that is fantastic.

Anyways, I am welcoming the little one to the world of nightmares or hallucinations depending on where the pendulums swing. My friend calls it SWEET TROUBLES!

yodiyokun:

My dear after 2 myself, the initial breathtaking and wondrous excitement has quite died down to shouts of _{don't go there, don't do that, stop fighting, thats rude, be nice , I love you sweetie}

But I still would not trade them for the world - they are a blessing.

So welcome to the wild west of parenting!!!!!!!

Gosh! Thank God i still have some time to myself before all the hassle. Now sef, i get really scared when i pick a baby up, scared i might drop the little creature. . .   But i'll be very happy for some more time before i get into that

Hmmmmmmm. interesting responses.I won't reply them.

@ ololufemi

Hope you still remember,wait for UBA to cool temper small.Let it cool its temper to N52-N53.They did not release payment date.Month wants to end.
If it starts flying at today's starting price of N56.40,then it'll be N65 by friday.That's too fast.No room to chop.That will not be following the rules of the game.You need to change to gear 2 before you move to gear 5. Same with oceanic.
The info i got on this intercontinental is an interim dividend in the offing.For those who bought intercontinental at N25.00,we're approaching 25% based on my computer readings now.Thursday looks like a good exit date along with Mutual Benefit if you bought at N3.00 (so my pc tells me).

Figures as at yesterday.

Price Out. Shares Proj PAT PE
R T BRISCOE PLC 28.56 0.45 0.64 20.40


AIRLINE SERV 19.39 0.63 0.42 29.31

About Intercontinentals' additional listing. This was annouced way back and I think has already been factored in calculations by many investors.

Figures I have as at yesterday.


Price Out. Shar Proj PAT PE
INTERCONTINENTAL BANK PLC 29.99 18.92 18.40 30.83

blest:

easimoni,
  so u too got access on TS.i have a feeling my broker played a fast one on me.Gave him 1mill and he bought at 22.5.i have been just sitting and waiting.what do u suggest we do bout this.is there still prospect to recover my money with aleast 40% anytime soon?
   please help a brother in need, 

Your broker probably had to do a cross-deal to fulfil your order. A common practice when the stock is on TS but you often pay a premium for such a deal.

T make 40%, you need access to get to 32. Maybe not this year; likely mid 08 (after the current FY).

@ Pumping,
I have 18.55B shares. IT's a mess with the multiple listings. Wish they'd just list them all at once.

FatherOF2:

Hmmmmmmm. interesting responses.I won't reply them.

@ ololufemi

Hope you still remember,wait for UBA to cool temper small.Let it cool its temper to N52-N53.They did not release payment date.Month wants to end.
If it starts flying at today's starting price of N56.40,then it'll be N65 by friday.That's too fast.No room to chop.That will not be following the rules of the game.You need to change to gear 2 before you move to gear 5. Same with oceanic.
The info i got on this intercontinental is an interim dividend in the offing.For those who bought intercontinental at N25.00,we're approaching 25% based on my computer readings now.Thursday looks like a good exit date along with Mutual Benefit if you bought at N3.00 (so my pc tells me).

abeg i want to sell off 8200 units of my intercontinental bank shares at a special discount.

hit me at if u are interested.

Cjay

HOw TO RAISE ADDITIONAL CAPITAL
I guess most gurus on this forum who are in the western world are already aware of this but just thought to share all the same.
If you have good creidt you can apply for 0% APR for 12 months credit card and do a balance transfer to your bank account interest free for 12months. MBNA and EGG Card definitely allow this. I have done this is the past and believe me it beats margin trading with Nigeria Banks (UBA) at 17% plus 1% upfront arrangement fee. But note there might be an inital balance transfer fee of btw 2-3%.
Happy investing

easimoni:

@ Pumping,
I have 18.55B shares. IT's a mess with the multiple listings. Wish they'd just list them all at once.

I'm assuming you added the 1.5B  convertible preference shares. As long as these preference shares have not been converted you will need to subtract these from the ordinary shares outstanding when calculating your EPS. Preference shares are treated differently from ordinary shares because they dont qualify for dividends due to ordinary share holders so i would make  the outstanding shares 17B until i can confirm they have indeed been converted to ordinary shares

RoughCut:

I'm assuming you added the 1.5B  convertible preference shares. As long as these preference shares have not been converted you will need to subtract these from the ordinary shares outstanding when calculating your EPS. Preference shares are treated differently from ordinary shares because they don't qualify for dividends due to ordinary share holders so i would make  the outstanding shares 17B until i can confirm they have indeed been converted to ordinary shares

I think easimoni is correct. I messed up my original calculation somewhere.

NSE (I tend to use NSE figure if it is the highest) lists the number of shares for Intercontinental as 17,987,322,448 and this will not include preferential shares that have not been listed.  If you add the supplementary listing it comes to 18.55B.

UBA just released their results. Found it on www.nigeriansecurities.com


http://www.nigeriansecurities.com/shownews.php?url=http://africa.reuters.com/country/NG/news/usnL27145096.html

@All
You guys are doing great things on this thread, I am new to nairaland but I have been following the tread for quite some months now, I have been reading, watching and learning everyday. I'm sure one day i will also be able to analyze like the gurus. What are the gurus saying about Japaul, it gained again today. Is it safe to enter tomorrow for short term?.

actually thot i knew stuff and stuff about d capital and equities mkt, wiv comments from roughcut and others i think i need some serious demystification , !

pumping777:


I think easimoni is correct. I messed up my original calculation somewhere.

NSE (I tend to use NSE figure if it is the highest) lists the number of shares for Intercontinental as 17,987,322,448 and this will not include preferential shares that have not been listed.  If you add the supplementary listing it comes to 18.55B.

Alright then

What happened today,

The Bears are back, I think we should chase them away oh

Nigerainsec website has shares outstanding for intercontinental at 18.9 million
don't know if this is before or after the supplemental listing though

don't like all the confusion these listings cause. it makes doing the maths tricky and uninformative

i am not sure the bears ever left actually, they may just have been lurking in the darkness waiting for their prey

thanks to this thread i am sure non of us will be their prey thogh.

i'm still hopeful fro a real "bull run" in 1Q '08

@ FatherOf2,

Hmmmmmmm. interesting responses.I won't reply them.

@ ololufemi

Hope you still remember,wait for UBA to cool temper small.Let it cool its temper to N52-N53.They did not release payment date.Month wants to end.
If it starts flying at today's starting price of N56.40,then it'll be N65 by friday.That's too fast.No room to chop.That will not be following the rules of the game.You need to change to gear 2 before you move to gear 5. Same with oceanic.
The info i got on this intercontinental is an interim dividend in the offing.For those who bought intercontinental at N25.00,we're approaching 25% based on my computer readings now.Thursday looks like a good exit date along with Mutual Benefit if you bought at N3.00 (so my pc tells me).

I am with you Fatherof2. I guessed as much that people would sell as soon as the date of payment was not announced but I suspect that once it is announced, there will be a surge in price and I for don enter by them.

From what I see, UBA has set the tone for an upward swing in Zenith whether fundamentally or sentimentally.
Zenith offer would not be a bad one.

I am marking time to enter UBA on thursday. All the way with you Fatherof2.

The exceptional item ws probably the 5 billion payoff for the American scam.

Continue the good work.

Thanks

@ ALL MY OFFSHORE NAIRALANDERS,

  I keep seeing jaw breaking number crunching flying across the screen.Why don't you translate your number crunching into something more tangible for the numerous not too discerning investors that watch you daily.BECOME REAL TEACHERS.
We keep seeing scenerios like " Mr. X how many shares do you have outstanding for Company J.Mr. Y replies 600bn.
Mr. X says " Oh sorry my mistake".My Z now adds his own 5bn too.
Many investors on this thread have one question ".HOW DOES THIS TRANSLATE TO PROFIT FOR ME.?, ".
Translate your figures to Buy and Sell decisions.  
Period.

about intercontinental's outstanding shares,
sorry fellas my mistake its actually 18.9B (not 18.9m)
oops, forgot we aren't supposed to that anymore, sorry, my bad

FatherOF2:

@ ALL MY OFFSHORE NAIRALANDERS,

   I keep seeing jaw breaking number crunching flying across the screen.Why don't you translate your number crunching into something more tangible for the numerous not too discerning investors that watch you daily.BECOME REAL TEACHERS.
We keep seeing scenerios like " Mr. X how many shares do you have outstanding for Company J.Mr. Y replies 600bn.
Mr. X says " Oh sorry my mistake".My Z now adds his own 5bn too.
Many investors on this thread have one question ".HOW DOES THIS TRANSLATE TO PROFIT FOR ME.?, ".
Translate your figures to Buy and Sell decisions. 
Period.

I didnt hear anybody complaining though so not sure what you are on about