Omoba3:

@ Baba2 - Na you biko You just dey drop style left, right and center.

Recently WanaJo said something along the lines "do you have to buy every offer that comes up" How very true.

True because not every offer is a "good" offer.

True because PO's do not necessarily meet everyone's investment criteria.

True because not because they are now often over subscribed, but because they now seem to offer ridiculous amounts of units in the offer. which means they menat for it to be over subscribed in the first place.

For example:

AIICO - based on 2,500,000,000 units @ N2.50

only 50,000 investor applying for for 50k units each and they've already bought up the entire offer.

50k units each = 50k investors

10k units each = 250k investors

5k units each = 500k investors

2.5k units each = 1m investors

Costain: 178,162,966 units @ N13

This is even more worse than Aiico!!!

50k units applies each = 3563 investors only!!!

25k units = 7126 investors

15k units = 11,877 investors

10k units = 17,816 investors

5k units = 35, 632 investors

2.5k units = 71,365 investors!!

For these kind of miserly units, why on earth would I bother? Why should anyone bother?

@ Omoba3 - I gree wit u o. The units being offered are quite ridiculous and not worth getting out of bed for.

pumping777:

@easi - I hope it is out of the stock on the top floor. I beg take the elevator to the basement to reload

If I recall correctly we bailed out on the same day abi na partial bail out you do

@Fo2 - How Madame Ndidi?

Ndidi,Hmmm,that woman tough oh.
dem no dey fit follow am breath the same oxygen for one room.

Gudchoice:

@Baba2 (Fo2) - I don hear you. God don bless u.

I been dey wait to enter insurance when im drop, so moni go dey, I get emergency 2, so when you holla I go hear you well o. You fit throw me mail too.

I also dey Access, e remain small make i commot o. Na witch time u wan commot, make I follow u?

Ah you no sell some last week(your profit).Na only my profit i remove.I wan reinvest my profit for other stocks before friday this week.
Access will go down and come back up.
I normally watch between 18-20 trading days from the day a stock reached its last peak as my signal to detect the next bull run.
From my projections, this may just fall at about the time Access would want to release 9months in early feb and hence hopefully another bull.

Hi everyone, I have been following your comments for sometime now, and I am new in this. Actually a friend introduced me to nairaland. I wanted to invest in CHAMS, but I heard some big guys in naija bought all the shares, but I still see some comments that there may still be some hope for guys like me, Please do you know for a fact it they are actually closed? And do you know if this "INTENEGINS" is open for sales (, they have gained a lot in the past two days).

Thanks.

New!!

Sydney Sheldon (16 books)
James Hadley Chase (8 books)


http://rapidshare.com/users/9OSIZN

Under Daily prices
----------------------
Prices for Jan 2,3,4,7 and 8. (I will be updating it daily) updated with Jan 9
All bonus and dividends declared for the year 2006
Proposed allotment for Access bank PO
Sample Stock price data from kenya NSE

Under investment books
-------------------------------
Trading for a Living by Dr Alexander Elder
Rich Dad Poor Dad _ Robert Kiyosaki
The Intelligent investor _ Benjamin Graham
MBA in a Day


Under stock analysis softwares
--------------------------------------
Aptistock 1.10
Aptistock 1.12 (latest version)

Under ebooks
-------------------
Control your sweat naturally
Interview Skills that win the Job
Next Day Interview (prepare tonight, get the job tomorrow)
501 Challenging Logic Reasoning Questions (good for job interview)
Book of IQ TEST (Very good book for aptitude tests, with answers) contains verbal, analogies, shapes, brain teasers etc. (highly recommended)

Under novels
----------------
Sidney Sheldon,
James Hadley chase
23 novels by Authur Charles clark.

MISC
------
Time zone from around the world
Collection of the best Reader Digest Humor (from Laughter is the best medicine).



Ok, enjoy, will be back later,

P.S. Let me know what you think.

The Idea is to have a central location for files,

I will upload the daily bid and offer positions, and other files later on,

pumping777:

@easi - I hope it is out of the stock on the top floor. I beg take the elevator to the basement to reload

If I recall correctly we bailed out on the same day abi na partial bail out you do

I bailed at 25 but Lead Capital did not execute I would have loved to reload at 21/22 but now I must stand pat. Rubbish.

Invest08:

Hi everyone, I have been following your comments for sometime now, and I am new in this. Actually a friend introduced me to nairaland. I wanted to invest in CHAMS, but I heard some big guys in naija bought all the shares, but I still see some comments that there may still be some hope for guys like me, Please do you know for a fact it they are actually closed? And do you know if this "INTENEGINS" is open for sales (, they have gained a lot in the past two days).

Thanks.

Chams is open if you have the right contacts. Read thru the thread and contact some guys (e.g Wanaj0) who have inside tracks of the arrangers.

INTENEGINS is open for sale but my file is generating a forward PE of 31. Let is pass.

hello father of 2, if you dnt mind i would like to have your e.mail . i think i have personal matter to discuss with you. thank you. may you get help in the time of your amen.

teto:

hello father of 2, if you dnt mind i would like to have your e.mail . i think i have personal matter to discuss with you. thank you. may you get help in the time of your amen.

@F02
i hail u.Na only you everybody for this thread dey ask of email,phone no,house address etc.U too much oh.

@ Wanajo,

Please, what's your e-mail? If you don't mind, could you kindly send it to mycamry55 at yahoo.com.

Remain blessed

Invest08:

Hi everyone, I have been following your comments for sometime now, and I am new in this. Actually a friend introduced me to nairaland. I wanted to invest in CHAMS, but I heard some big guys in naija bought all the shares, but I still see some comments that there may still be some hope for guys like me, Please do you know for a fact it they are actually closed? And do you know if this "INTENEGINS" is open for sales (, they have gained a lot in the past two days).

Thanks.

I have INTENEGINS if you want to buy. Just let me know.

@ Fatherof2
I salute you too. Your school is getting new converts day by day. I humbly apply for admission sir. My email is favour08 (at) hotmail dot com. Please forward some lessons to me. May you live long and see your children's children. amen

[i][/i] hola Baba Of 2.
Dont be hesitate if i called u a soucerer of stock market, somedays back i follow ur advice i login unic @ 3.25k and exit @ at 4.5k. U mean i should get ready to log back again ?


@ wendy : is exactly one year when you warn us on transcorp. And the thing happen. Regarding unity bank i think is yet time to join the board may be friday it will be a good day. Still dropping .

@ pumping
this diamond is giving headache should i exit ? Though i didnt reach my exit point but i got some in it. Na that emergency money i want luk for. And i didnt c any future raise for a short term. Whats ur opinion? I dont want to hear wenn. Lol!

@ Nairalander, i saw this warning on another forum (SMN) about CHAMS. Please respond.

Cautious Look

--------------------------------------------------------------------------------

Have anyone seen the 2006 financial statement of chams, it was not signed off by the auditors and directors of the company.
The company also declared a bonus of 4:1, i have gone through the profit and loss account for 2006 and did not see where an appropriation was done for this. How is the bonus going to be financed? I hope not through the revaluation reserve ( ILLEGAL)
Investors should really have a second look into the prospectus before making a move

You

Abu-Maryam:

[i][/i] hola Baba Of 2.
Dont be hesitate if i called u a soucerer of stock market, somedays back i follow your advice i login unic @ 3.25k and exit @ at 4.5k. You mean i should get ready to log back again ?


Regarding unity bank i think is yet time to join the board may be friday it will be a good day. Still dropping .

Abu-Maryam:

Unity Bank did not drop today o. It gained more than 4%

Abu-Maryam:

@ pumping
this diamond is giving headache should i exit ? Though i didnt reach my exit point but i got some in it. Na that emergency money i want luk for. And i didnt c any future raise for a short term. Whats your opinion? I don't want to hear wenn. Lol!

Diamond Bank is a candidate to exit tomorrow for me. If you bought at the right time, you should still have around 16% Net. For me, my GDR will take care of any long term gains.

Note that Diamond is only dropping marginally. If you are a long termer, it is a good stock to hold.

UPDATE ON FIDSON NIGERIA LIMITED

This is to inform all investors that participated in the FIDSON Private Placement that allotment for the Private Placement had been concluded and return monies are available to the applicants. Investors are advised to contact their receiving agent(s) for the return money and units allotted.

_proshare

Diamond Bank Listed on London Stock Exchange
Posted Wednesday, January 9, 2008
Diamond Bank Plc made history yesterday across the shores of the land as it became the first West African Bank to be listed on the Professional Securities Market (PSM) of the London Stock Exchange (LSE).



The peak of the epoch making event, according to a statement from the bank, was the ringing of the bell by the Group Managing Director of Diamond Bank, Mr. Emeka Onwuka, signalling the starting of trading on the floor of the London Stock Exchange.



The event was witnessed by captains of industries, top government dignitaries including the chairman of Diamond Bank, HRM Igwe Alfred Nnaemeka Achebe; Mr. Pascal Dozie, Founder, Diamond Bank; and Director General of the Nigerian Stock Exchange Prof Ndi Okereke-Onyiuke.



Also among the dignitaries were the Director General of the Nigeria Security and Exchange Commission, Mr. Al Faki; and Mr. Chuka Eseka, MD Vetiva Capital Management Limited, who was the Financial Adviser/Domestic co-coordinator for the offer and a host of others.



Commenting on the admission to the LSE, Diamond Bank CEO said “the listing is an important step in the evolution of the Bank’s strategy and is aimed at raising stronger capital base, attracting new shareholders, raising its international profile, enhancing the leadership position of Diamond Bank in the middle market and developing the Bank into a reputable financial conglomerate”.



Head of Primary Market, London Stock Exchange, Tracy Pierce, also stated: “I am personally delighted to welcome Diamond Bank to the London Stock Exchange. This is the second Nigerian company to be listed in the London Stock Exchange and the first Nigerian company to be listed on our Professional Securities Market, and we hope that many more companies from Nigeria will follow."



In the same vein, Okereke-Onyiuke did not hide her emotions. She said: "This is a major fulfilment for me as Diamond Bank has placed Nigeria in the world map, especially the world financial system, by being listed not just in the London Stock Exchange but the first African company/bank to be listed in the Professional Securities Market of the London Stock Exchange. This is because the Professional Securities Market is the cream of the London Stock Exchange and you must pass through a rigorous process before being listed in this market. I do hope that many more Nigerian companies will come and be listed in this market."



The offer enabled Diamond to raise US$500million through 37.6 million newly issued GDRs, each representing 100 ordinary Diamond shares. The settlement price per GDR has been set at $13.30 and will be traded on PSM.



The offer proceed will enable Diamond expand its footprint through traditional and electronic channels in order to seize the growing Nigerian retail market, enter new business segments like Mortgages, Insurance, Investment Banking and also strengthen its Francophone West Africa expansion.



Diamond Bank’s market capitalisation post-offering is now N263.2billion (US$2.3 billion as at January 02, 2008), while its shareholders’ fund is in excess of N100billion. Morgan Stanley is the Global Coordinator and Sole Book-runner for the offering.



The Bank had its first major foreign equity capital injection in April 2007 when an international consortium led by Actis Capital LLP, as strategic investor, injected $134 million into the Bank. The investment gave Actis a 19.1 per cent stake in the Bank. Actis is a leading private equity investor in emerging markets, having significant investments across Africa, China, India, South East Asia and Latin America. Actis’ approach to investment is long-term and partner-oriented.



Diamond Bank has strategic relationships with international financial institutions and export credit guarantee agencies, thereby strengthening the Bank’s structured trade/project finance capacity and enhancing its contribution to the development of the economy. Such relationships include on-lending/trade facility arrangements with International Finance Corporation (IFC), European Investment Bank (EIB), Africa Export & Import Bank (AFRIEXIMBANK), US Export & Import Bank (USEXIMBANK), FMO and DEG.



The Group operates a leading Nigerian bank offering a wide range of financial services and products throughout Nigeria. Historically, the Group has focused on banking small and medium sized companies in Nigeria, with a particular strength in trade finance. In order to meet customers’ needs, the Group has maintained a geographical presence throughout Nigeria. In 2001, the Bank obtained a universal banking licence from the CBN and in recent years, the Group began to expand its products and services (including insurance and mortgage products), as well as its customer base.



Established in 1991, Diamond remains one of the strongest in Nigeria and its core strengths lies in its unique SME business model and its solid brand associated with integrity, professionalism and good corporate governance. The Bank considers itself to be a true “universal bank” in Nigeria, offering financial services across the entire client spectrum, through over 139 business locations in Nigeria with absolute commitment to quality. The Bank believes that it is well-placed to leverage its historical experience in the middle market to access the developing Nigerian retail market and expand into the existing market for large corporate clients.



Members of the Group include one offshore banking subsidiary - Diamond Benin, which operates seven branches in the Republic of Benin and five non-bank financial institutions (NBFIs). The NBFIs are Diamond Securities Limited, which provides brokerage, asset management and registrar services; Diamond Pension Fund Custodian Limited - one of the four institutions licensed in Nigeria to provide custodian services under the new laws following pension reform in Nigeria in 2004; ADIC Insurance Limited and ADIC Life Assurance Limited, which provide life and non-life insurance services in Nigeria; and Diamond Mortgages Limited - a licensed mortgage company.



Diamond Bank earlier declared an impressive half-year results, showing 71 per cent increase in profit before taxation to N7.3 billion for the period ended October 31, 2007 from N4.2 billion recorded in the corresponding period of 2006. The remarkable performance of the Bank was as a result of the growth in business activities following the successful implementation of the Bank’s business strategy post-consolidation. In recent times, the Bank has introduced some innovative products and significantly enhanced its business model, gaining substantial mileage in the retail segment of the market. It has also strengthened its presence in the middle market where it has traditionally done very well.



The Bank has introduced cutting edge products in its resolve to provide creative solutions to customers’ business problems. Some of the value-adding products introduced recently include Diamond Reach, a non resident account designed to offer Nigerians resident abroad the opportunity of maintaining account in their home country Nigeria. The Bank also introduced a novel product called Diamond BusinessXpress Account. This is a specialised current account designed to support the growth of Micro, Small and Medium Enterprises (MSMEs) with attractive features like free transaction cost and easy access to credit facilities.



In response to the need to facilitate effective payment for trade transactions between countries in the West African region, the Bank launched Diamond NGN/CFA EasyTrade. The product is meant to facilitate payment for goods/services by the Bank’s customers and non-account holders involved in intra-regional cross border trade between Nigeria and the Francophone West African countries, especially Benin Republic. The Bank also raised the bar in the international trade operations in Nigeria with the introduction of a document and transaction monitoring service tagged Diamond Trade Tracker. This is a web-based service designed to provide corporate customers access to on-line, real-time information on their international trade transactions at no extra cost.



The recent investments in promising financial services sub-sectors, i.e. insurance, mortgage and pension funds, will improve the growth, earning mix and profitability of the Bank’s business over time. Conscious of the fact that these businesses are outside its core competence areas, the Bank is working with very competent and experienced firms to speedily position the subsidiaries for market penetration. ADIC Insurance, for instance, has entered into a strategic alliance with a leading South African insurer, Hollard Insurance, toward the launch of a veritable assurance model in Nigeria. - ThisDay
Copyright © 2004 - 2008 ProShare Limited. All rights reserved

@ foruma,

Lovely work you're doing and thanks for sharing the link. Nice one.

@fatherof2 and wanajo

I bought wapco last week at 80 and since then i have lost 11%. i dont mind buying more units now at the present price (70.8 +/- 5%) to lower my average cost.

do you think the price can go much lower than this? if u are planning to buy, what is the lowerst price you think it can get to. i smell an Ap kind of trend here (in the sense that it attacked, retreated and then ATTTACKED!!!)
NOTE: THIS IS JUST A HUNCH AND NOT BASED ON ANY ANALYSIS B4 SM1 SAYS I SAID SOMETHIN

@PUMPING AND EASIMONI
if u have 1mil now and u are looking at reasonable_{reasonable as in 20% or worst case scenario evens after charges} profit in the first quater, what would u put it on?
i did think wapco but i no even kno self with the price drop.

@ all
_{help me}

Hey guys, Great thing you all have going here. This is my first post here, Please help me out about CHAMS. I was told by my broker that the PP is not yet open. How true is this? In their prospectus, there is no open or close date for the offer. Thks

lawalidowu:

@fatherof2 and wanajo

I bought wapco last week at 80 and since then i have lost 11%. i don't mind buying more units now at the present price (70.8 +/- 5%) to lower my average cost.

do you think the price can go much lower than this? if u are planning to buy, what is the lowerst price you think it can get to. i smell an Ap kind of trend here (in the sense that it attacked, retreated and then ATTTACKED!!!)
NOTE: THIS IS JUST A HUNCH AND NOT BASED ON ANY ANALYSIS B4 SM1 SAYS I SAID SOMETHIN

@PUMPING AND EASIMONI
if u have 1mil now and u are looking at reasonable_{reasonable as in 20% or worst case scenario evens after charges} profit in the first quater, what would u put it on?
i did think wapco but i no even kno self with the price drop.

@ all
_{help me}

You enter WAPCO at the wrong tim. You enter more at its peak. I will not enter WAPCo above 70.00 because I don't see it going above 100.00.

Naturally, I go for stocks where I see potential of 50%. That way even if my projections are not met, I should go home with 30% which is not bad.

Right now, I am bullish on DSR but it is going up and up.

If you can take gamble, wait for the 9 months result of First Bank and enter. If you can wait for 12 to 18months you should make a KILL.

For returns in Q1, November/December is the time to take profit.

On insurance, tread with care. Most of them will be coming back to the market so expect the prices to be on Technical suspension soon.

@wanajo
thanks for d reply.
following the trend of buying and selling on thur/fri, if i am lucky, i could get wapco at about 65 if i place an order for a buy tommorow provided it doesnt u-turn today. in that case, i will buy enough units to average my price to just about 70 +/- 2.5
that way it may not be so bad afterall.
the question u did not answer is this;

do u think it call fall to 60? just need a second opinion b4 i finalise my strategy.

if wapco will ever reach 100, apart from the bonus rumour,

what do u think will drive it there?
when do they normally release thier results?
what result is due and when?

@ ICHIE WANAJO
i will like to know your insight on Diamond bank i entered at 22.8 and i read somewhere in the trend that it was time to exit, although it lost some steam this week,please let me know your views on it
i go still thank you for last year wetin you do for me on NGC

stanchuks:

@ ICHIE WANAJO
i will like to know your insight on Diamond bank i entered at 22.8 and i read somewhere in the trend that it was time to exit, although it lost some steam this week,please let me know your views on it
i go still thank you for last year wetin you do for me on NGC

You entered at a high price. 18.00 was my entry point for Diamond. If you are patient, it should reach the 27.00 - 30.00 just before the result is out. I am not in it to trade.

Hope you've sold your NGC. Target price for me is 28.00. Anything above that na jara.

lawalidowu:

@wanajo
thanks for d reply.
following the trend of buying and selling on thur/fri, if i am lucky, i could get wapco at about 65 if i place an order for a buy tommorow provided it doesnt u-turn today. in that case, i will buy enough units to average my price to just about 70 +/- 2.5
that way it may not be so bad afterall.
the question u did not answer is this;

do u think it call fall to 60? just need a second opinion before i finalise my strategy.

if wapco will ever reach 100, apart from the bonus rumour,

what do u think will drive it there?
when do they normally release their results?
what result is due and when?

Don't see WAPCO going below 65.00, even that is a bargain.

A fair price for WAPCO will be the 90.00 - 100.00. What is affecting WAPCO and to some extent Flour Mills is the epileptic gas supply which has led to an increase in the operating cost. I think the result should be out by March/April.

What's the reason behind the bullish run of African Petroleum of late.

@ all

My sister bought the last Oceanic public offer, is she qaulified for the recent dividend?

And again, is Access Bank really returning money, my sister bought 35,000 units and she called their branch where she bought it, they told her that "theres no official news on returning money, its all rumours".

pls someone should respond.

@ grabdaloot,            
           
           Thanks for the response to that UTC stuff, i really appreciate you and remain bless, so what,s ur advise about it?  i,m i to still have patients on the ones i already have or , ? pls ur advice is really needed.

MyPeace:

@ all

My sister bought the last Oceanic public offer, is she qaulified for the recent dividend?

And again, is Access Bank really returning money, my sister bought 35,000 units and she called their branch where she bought it, they told her that "theres no official news on returning money, its all rumours".

please someone should respond.

Your sister is not qualified for the dividend.

Yes Access is returning money. The branch she bought it from will not know. No one will confirm until the official announcement is made for the allottment. Reality is that teh offer was hugely oversubscribed. There is a limit to how much of that they can accommodate so the rest will be returned. Most institutional investors are already pressurising them for return of their money.

@all
Sorry guys, I know I shouldn't be asking this here but I need to sort this out urgently.
I have bought shares from numerous brokers and i am wondering if i have to pay N2500 for cscs access for each brokerage house or maybe fill out a seperate form for each broker and merely pay N2500 once and attach all the forms to the one payment.
How much does it cost to place a Trade Alert on my stocks? and since i have more than one broker,will one payment cover all of them?
Pls answer me as my brokers all claim ignorance.


Moderator pls no vex!

naomi101:

@all
Sorry guys, I know I shouldn't be asking this here but I need to sort this out urgently.
I have bought shares from numerous brokers and i am wondering if i have to pay N2500 for cscs access for each brokerage house or maybe fill out a seperate form for each broker and merely pay N2500 once and attach all the forms to the one payment.
How much does it cost to place a Trade Alert on my stocks? and since i have more than one broker,will one payment cover all of them?
Please answer me as my brokers all claim ignorance.

Moderator please no vex!

i think you need to pay once. all those accounts are in your name and when you log on to CSCS, fill in your CSCS nos/CHN nos, you should be able to view each account.

wanaj0:

Your sister is not qualified for the dividend.

Yes Access is returning money. The branch she bought it from will not know. No one will confirm until the official announcement is made for the allottment. Reality is that the offer was hugely oversubscribed. There is a limit to how much of that they can accommodate so the rest will be returned. Most institutional investors are already pressurising them for return of their money.

Dont think ACCESS would be so stupid as not to accommodate the institutionsl investors so you can bet that most of the institutional investors would get their allotment if they are not already on the preferential allotment list not to do so would be committing a financial hirakiri!
The reality of investing on the NSE or any capital market for that matter is that is it the institutional investors that move the markets and they cause the most wahala!

All these banks dont need our money the institutional investors with their over-bloated wallets are what they need. can you imagine the pension commission with N700B in their war-chest being refused allotment by any company doing PO/IPO dont think so somehow and i would like to see a company that would do that. Why deal with so many angry shareholders when you can deal just a select few with fat wallets!