koksieboy:

Either Windows Defender and Avast antivirus should do the trick and both are free.

Mr. Risky:

Kudos for the tutorial. On PE ratios, may I kindly ask: Which is more prudent to use, the TRAILING PE or the PROJECTED PE? For a growth stock like C & I Leasing a friend is even ready to buy at N10- N12 today considering what he believes are the potentials of the company. And yet he is looking at a 24 month from now. Don't you think he will be proved right sometime soon? And also many I see are using 30 as standard PE for the insurance industry considering also the new WIND that is blowing within that sector. What is safe? Trailing PE or Projected PE?
Oya, we are listening. Thanks

Princesege:

Hello gurus,
The following stocks are siad to be good buys for this week. Can the gurus in the house come together to analyse the tenecity of the recommendation? Waiting for your contribution.

Company                Basis of Recommendation                                      Remark                                                      

1. Unitybnk                      Relatively stable price   Growth stock                Buy                                                      

                                        Price appreciation        

2.Lasaco                          3Q PAT grew by 496.14%

                                       Turnover in 3Q is 280.62%                                  Buy

                                       EPS is 0.63k                


3.UACN                        Improved 2Q PAT by 43.99%

                                   Expectation of Bonus                                            Buy

                                   

4.UBA                           Expectation of 1Q PBT to be N15b

                                   Relatively stable price                                           Buy
                                                           

5.Wapco                     2Q PAT growth is 12.5%

                                  Price appreciation                                                Buy                                                                  

                                   

6.Intercont                 2Q PAT growth is 72.65%

                                   Turnover grew by 82.61% in 2Q                         Buy

                                   Declaration of 35k interim dividend

7.Nem Insurance         Undervalued

                                   3Q PAT grew by 2292.03%                                Buy

                                    3QTurnover growth is 220.873%  

           

8.Access Bank Plc        1Q growth by 190.566% in PAT

                                  Turnover growth in 1Q is 102.180%                Buy

           
9.Linkassure                  Undervalued

                                   2Q Turnover grew by 137.95%                       Buy

                                   PAT growth in 2Q is 1017.39%



10.GTBank Plc              Improved 2Q by 54.78%

                                   Turnover growth                                         Buy



11.Cornerstone          Undervalued

                                 Improved 3Q PAT by 853.23% in PAT          Buy                              

                                Growth stock



12.FCMB Plc                 Improved 2Q PAT by 139.60%

                                  Turnover growth is 101.085%                               Buy

13.Guinea  Insurance   Undervalued

                                   2Q PAT growth is 120.664%                                Buy

                                   Growth stock              

THE END
I NEED AN OBJECTIVE OPINIONS CONECERNING THOSE AFOREMENTIONED STOCKS.                                                                          

FatherOF2:

Definately all of them are good buys for the next 6months.
My only problem is the word " this week".
The only this week buy stock i see there is UBA.
Its still cheap. Those insurance companies no be this week oh,but maybe long term ok (4,5 and 6months).
Let some of those insurance come down small.

Princesege:

@FatherOF2
Thanks for your opinion.
I have placed a  buy order for UBA since last wednesday but no success. Is there anybody on this forum who wants to sell? Please let me know.


Are you sure your broker is reliable? Since I have been using my broker, only once he has failed to execute my order SAME DAY. Even when some thought I couldn't find AG LEVENTIS to buy, he found for me. UBA is not ON BID why has he not bought for you? Ask him and let us know, please.

FatherOF2:

Definately all of them are good buys for the next 6months.
My only problem is the word " this week".
The only this week buy stock i see there is UBA.
Its still cheap. Those insurance companies no be this week oh,but maybe long term ok (4,5 and 6months).
Let some of those insurance come down small.

Mr. Risky:

pumping777:

Mcafee, Spyware Doctor and Windows Defender did not detect any Trojan or virus in the downloaded files (after extraction) or during the installation.

Can you confirm the name and extension of the file(s) you detected?

Thanks.

pumping777:

Mcafee, Spyware Doctor and Windows Defender did not detect any Trojan or virus in the downloaded files (after extraction) or during the installation.

Can you confirm the name and extension of the file(s) you detected?

Thanks.

Princesege:

@Mr.Risky
Whos is your stock broker?
I use cashcraft. They have been ok until  last week after when all my orders have not been executed.
I will still find out why?

ezegold4we:

i think the stocks to buy are all ok but i want to correct an impression there regarding the eps of lasaco,father of 2,please their current eps now is 29 and not 63 as u wrote in your quote incasing u are using the 63 eps as a buy option,thanks

Achika:

JUST A FEW THINGS I COMPILED WHILE LEARNING THE ROPES, I HOPE IT IS OF USE ESPECIALLY TO BEGINNERS

grabdaloot:

@AKtopgun

Nice of you to dedicate some time to educate others with your wealth of knowledge but I'd beg to differ on one of your philosophies. The idea that a company's PE ratio should only be compared to companies in that same sector is fast becoming void because when I invest money in the petroleum sector, that money is not different from that invested in the banking sector so if the average PE of the banking sector is 30 and that of the petroleum sector is 15, I'd rather put my money in the petroleum sector. Remeber the age old saying that the market discounts everything. so eventually the market will move up the firm with a PE of 15 to its right price. Companies have board meetings at the end of every financial year to determine what %age of PAT should be paid out as dividend. Most often that not, that percentage is a constant for most firms and only when there is tremendous growth in value of its stock will they decide to do a stock split popularly known as bonus in Nigeria and misused by companies that have fallen short in their business to appease investors. Rather what I feel is that presently the PE ratio of most sectors incorporates the growth rate associated with that sector. That is why most insurance firms have PE's in the 60 and above range. Like wise a whole market and that is why the avg PE of the NSE is now about 35 as agianst the norm of 20 suggested by the gurus of the world market as the avg for most markets. I think the PEG; price earnings growth ratio is what we are currently operating with in Nigeria without knowing it.
Your tots are welcom

Achika:

JUST A FEW THINGS I COMPILED WHILE LEARNING THE ROPES, I HOPE IT IS OF USE ESPECIALLY TO BEGINNERS

koksieboy:

I'd suggest u do a thorough complete scan of your machine.

pumping777:

I have to disagree with you here. The reason why you should only compare companies in the same sector is that forward PEs mean nothing if you don't factor in the potential growth rate of the company/industry. It will interest you to know that Dangote Flour and Flour Mills are trading at PEs about half that of the banks. Reason is that the rate of growth of these companies is nowhere near the banks currently.

So you can see the possibility of a PE of 15/17 in the food industry holding around the same value as a PE of 20/25 in the banking industry.

grabdaloot:

@ pumping and aktopgun

the bottomline I would guess is what is your objective for being in the market if it is investment then you could compare "apples to apples" but for me and now my objective is capital gain. Most of the price movement in 2007 was the market moving up firms to where they should be based on their PE (UPL, LONGMAN, AGLEVENT (now you can see that their PEs' at the turn of last year were all below 10)  the banks and insurance companies just moved because of their growth potential) . the dividend hunters also favour PE comparison across sectors. Assuming you had 100k to 'invest', would you buy a stock that is N50 whose dividend is N1 or would you buy one that is N3 but dividend is 15k The market reacted to this kind of situation a lot last year and will still do so this year. If you had compared to the PE of the conglomerates amongst themselves which one would you have bought then?  I am not trying to say that PE shouldn't be compared amongst a sector but to me that is purely for long term investors. If you are looking for capital gain (best growth prospect for your money) then you should go across the sector to see which company has the lowest PE. I've used this method for sometime and it hasn't failed me (>1000% ROI in 2006/7). I would have loved to give some examples of stocks to watch out for but since I have not finished taking my position in some of them, I am to scared to mention them here. But in due time I will. By and large I still feel that PEG should be factored when the PE is above 20-25 to know if the stock is still a good buy

Favour08:

@PUMPING007
Please explain how you use PEG to value stocks. Thanks