Wanajo thx alot.

osazet,
UTC doesn't have any of their quarterly results out so there is actually no indicator on  how good they are performing as per the source of income, only their shop on S/lere and the cakes I see being sold in traffic is their only visible source of income to me. there might be more but I am not aware of. You'd probably make more money actively trading on the NSE than from those two point of sales. If you want to go in set your mind for the long term. If anything crops up in the near term accept it and bail out. That all I can advise on UTC

walcolm:

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.

Not likely, though the accounts are in your name, you have many accounts (CSCS and CHN nos) hence each account will need payment for access.

RoughCut:

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 don't 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 don't 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!

Not totally correct. For starters, STANBIC Nominees requested for about 50% of the total shares on offer!!!! Of course no way they will get that amount. Also, for First Bank, someone applied for over 1bn units!!!!!!!! No way First Bank will allow that, institutional investor or not. Don't forget that they are also wary of hostile takeover.

Even those that entered under preferential allotment are getting refund money. I have a group that did and they are using the refund money for Bank PHB.

While the institutional investors have deep pockets, comapnies are wary of them because of control. They want to have people on the board. Soon, they will push the promoters away. See what OandO did at Gaslink.

@ all

This First Inland Bank IPO, is it a good buy? I have some cash and I want to go for those shares that have 50% prospects in the nearest future.  Your advice please

@wanajo,fatherof2,easimoni,grabdaloot,ololufemi,pumping,and every nairalanders.
happy new year, i want to appreciate u guys for your contributions , i wish you a bullisssssh 2008.wanajo and fatherof2 pls i wil nid your advice soon,i am expecting some funds before month end.shalom.

Not totally correct. For starters, STANBIC Nominees requested for about 50% of the total shares on offer!!!! Of course no way they will get that amount. Also, for First Bank, someone applied for over 1bn units!!!!!!!! No way First Bank will allow that, institutional investor or not. Don't forget that they are also wary of hostile takeover.

Even those that entered under preferential allotment are getting refund money. I have a group that did and they are using the refund money for Bank PHB.

While the institutional investors have deep pockets, comapnies are wary of them because of control. They want to have people on the board. Soon, they will push the promoters away. See what OandO did at Gaslink

A long as there is regulation in place to limit their equity holding in these companies these institutional investors both offshore and on-shore will continue to play active roles on the NSE. Actis, Sabre management, Fortis, Helios etc etc are all institutional and private equity investors in a lot of these banks and some of them have swapped their equity for a representation on the board of Directors. By the time FCMB completes its PO i think Sabre (they already have a seat on the board) with Helios they will be owning almost a third of the bank this is permissible as long as its not only one entity that's owning the 30% other wise that will be tantamount to a take-over!

Fortis is a big shareholder in bank PHB and they are from mainland europe and the CBN has just given them a contract to manage $245M of nigeria's external resreves with bank PHB

Actis has 19% equity already in Diamond

I think Novare has almost taken up 30% equity in the national fertilizer company these are just some  i can recollect off the cuff. The western capital markets are not going to be so fantastic this year guess where they will be diverting their funds? The banks and coys coming to the capital market every couple of years need the capital injection and there are willing subscribers with deep pockets who have learnt to put their money where their mouth is

@Wanaj0

When you say "wait for months result of First Bank and enter" what exactly do you mean? If the results come out and is good, would it not send the price northbound and may get out of reach? when exactly around the 9 months results is the best time?

@roughcut

A long as there is regulation in place to limit their equity holding in these companies these institutional investors both offshore and on-shore will continue to play active roles on the NSE. Actis, Sabre management, Fortis, Helios etc etc are all institutional and private equity investors in a lot of these banks and some of them have swapped their equity for a representation on the board of Directors. By the time FCMB completes its PO i think Sabre (they already have a seat on the board) with Helios they will be owning almost a third of the bank this permissible a slong as its not only one entity does not own 30%

Fortis is a big shareholder in bank PHB and they are from mainland europe and the CBN has just given them a contract to manage $245M of nigeria's external resreves with bank PHB

Actis has 19% equity already in Diamond

I think Novare has almost taken up 30% equity in the national fertilizer company these are just some i can recollect off the cuff. The western capital markets are not going to be so fantastic this year guess where they will be diverting their funds? The banks and coys coming to the capital market every couple of years need the capital injection and there are willing subscribers with deep pockets who have learnt to put their money where their mouth is

I feel you on this. The NSE is redefining the big bang this year. Just hope those in power dont do anything crazy.

bigjay01:

@Wanaj0

When you say "wait for months result of First Bank and enter" what exactly do you mean? If the results come out and is good, would it not send the price northbound and may get out of reach? when exactly around the 9 months results is the best time?

Although Wanaj0 has spoken, I will like to tell you to enter now if u can wait for something to make some profit. I have entered already and am ready to wait and then make my profit. It is not going to easy chasing First bank stock when it starts to run. According to Father of 2, it not easy catching a moving train.

Peace.

@ Ichie of all guru's (Wanaj0)

Just out of curiosity and concern, I'll like to know how far you have gone concerning CHAMS. Are you able to get the loan you are looking for? I really hope you do, so you can make the kill (as you always put it)


@ Stanchucks

Be careful with the way you use that name o (Ichie Wanaj0) because I am the one that owns the copy right and the name should not be abbreviated. It’s “Ichie of all guru’s”  

RoughCut:

A long as there is regulation in place to limit their equity holding in these companies these institutional investors both offshore and on-shore will continue to play active roles on the NSE. Actis, Sabre management, Fortis, Helios etc etc are all institutional and private equity investors in a lot of these banks and some of them have swapped their equity for a representation on the board of Directors. By the time FCMB completes its PO i think Sabre (they already have a seat on the board) with Helios they will be owning almost a third of the bank this is permissible as long as its not only one entity that's owning the 30% other wise that will be tantamount to a take-over!

Fortis is a big shareholder in bank PHB and they are from mainland europe and the CBN has just given them a contract to manage $245M of nigeria's external resreves with bank PHB

Actis has 19% equity already in Diamond

I think Novare has almost taken up 30% equity in the national fertilizer company these are just some  i can recollect off the cuff. The western capital markets are not going to be so fantastic this year guess where they will be diverting their funds? The banks and coys coming to the capital market every couple of years need the capital injection and there are willing subscribers with deep pockets who have learnt to put their money where their mouth is

Wanaj0,you scored a bull's eye there and I agree with you.
@ Roughcut,regulations or no regulations,any institutional investors that have an eye on taking over a particular company will not carry a placard bearing"hostile take-over intended",they could start with having one or two seats on the board and bide their time for an amendment of relevant portions of the guidelines while all the while carrying out massive under ground lobbying of the regulating authorities.Like Wanaj0 said,the Gaslink example is still fresh.

@ Wanaj0,
What is the reason behind the bullish run of AP in recent days,is it as a result of stronger fundamentals or pure sentiments,how sustainable is it?What do you think will happen to Transcorp shares now that NCC has issued them an ultimatum to revive MTEL(their subsidiary that is supposed to be the queen bee in their group but has not been since it's the telecomms industry laggard).

NEWS!!
Dangote allotment concluded

1,000 - 1,000 90,947 100.00%
1,001 - 2,000 71,299 60.00%
2,001 - 5,000 150,187 25.00%
5,001 - 10,000 125,796 17.20%
10,001 - 25,000 70,411 35.55%
25,001 - 50,000 29,961 12.35%
50,001 - 100,000 8,365 11.55%
100,001 - 250,000 3,045 10.25%
250,001 - 500,000 1,224 8.75%
500,001 - 1,000,000 409 8.25%
1,000,001 - 5,000,000 244 7.55%
5,000,001 - 20,000,000 40 5.75%
20,000,001 - 50,000,000 4 5.33%

ngegy:

NEWS!!
Dangote allotment concluded

1,000 - 1,000 90,947 100.00%
1,001 - 2,000 71,299 60.00%
2,001 - 5,000 150,187 25.00%
5,001 - 10,000 125,796 17.20%
10,001 - 25,000 70,411 35.55%
25,001 - 50,000 29,961 12.35%
50,001 - 100,000 8,365 11.55%
100,001 - 250,000 3,045 10.25%
250,001 - 500,000 1,224 8.75%
500,001 - 1,000,000 409 8.25%
1,000,001 - 5,000,000 244 7.55%
5,000,001 - 20,000,000 40 5.75%
20,000,001 - 50,000,000 4 5.33%

Could you please explain what the last column means?

ngegy:

NEWS!!
Dangote allotment concluded

1,000 - 1,000 90,947 100.00%
1,001 - 2,000 71,299 60.00%
2,001 - 5,000 150,187 25.00%
5,001 - 10,000 125,796 17.20%
10,001 - 25,000 70,411 35.55%
25,001 - 50,000 29,961 12.35%
50,001 - 100,000 8,365 11.55%
100,001 - 250,000 3,045 10.25%
250,001 - 500,000 1,224 8.75%
500,001 - 1,000,000 409 8.25%
1,000,001 - 5,000,000 244 7.55%
5,000,001 - 20,000,000 40 5.75%
20,000,001 - 50,000,000 4 5.33%

Thanx ngegy,so I can now head to my brokers for any return monies to channel to "emerging markets"

hispy99:

Could you please explain what the last column means?

thats the percentage alloted, you`ll get 10.25% of the initial application if you applied for btw 100,001 - 250,000, etc.

@ all

This First Inland Bank IPO, is it a good buy? I have some cash and I want to go for those shares that have 50% prospects in the nearest future.  Your advice please

ngegy:

NEWS!!
Dangote allotment concluded

1,000 - 1,000 90,947 100.00%
1,001 - 2,000 71,299 60.00%
2,001 - 5,000 150,187 25.00%
5,001 - 10,000 125,796 17.20%
10,001 - 25,000 70,411 35.55%
25,001 - 50,000 29,961 12.35%
50,001 - 100,000 8,365 11.55%
100,001 - 250,000 3,045 10.25%
250,001 - 500,000 1,224 8.75%
500,001 - 1,000,000 409 8.25%
1,000,001 - 5,000,000 244 7.55%
5,000,001 - 20,000,000 40 5.75%
20,000,001 - 50,000,000 4 5.33%

I will never touch POs with a long pole again. No go area for me from now on.

ngegy:

thats the percentage alloted, you`ll get 10.25% of the initial application if you applied for between 100,001 - 250,000, etc.

That is what I don't understand.  Why should those that applied for 10k-25k get 35.55% and those that applied for 2k-5k and 5k-10k get only 25% and 17% respectively?  I thought the fewer the # of shares you applied for, the higher the percentage that should be alloted to you, meaning those that applied for 2-10k should get more than 10-25k

FO2, goodmorning i can see that you are online now if you dnt mind is there any way i can reach you.i think i need to discuss with about my portifolio and how to really turn things around this year thanks.

Shibrino:

@ all

This spring bank IPO, is it a good buy? I have some cash and I want to go for those shares that have 50% prospects in the nearest future. Your advice please

Sorry where did you get the information that Springbank is doing IPO or you're  talking about Spring Mortgage ltd?.

@ Wanaj0,

Abeg,tell a broda  where I go fit get margin facility or loan to buy some penny stocks,I'm tired of those banks that keep giving you a list of stocks you must purchase

hispy99:

That is what I don't understand.  Why should those that applied for 10k-25k get 35.55% and those that applied for 2k-5k and 5k-10k get only 25% and 17% respectively?  I thought the fewer the # of shares you applied for, the higher the percentage that should be alloted to you, meaning those that applied for 2-10k should get more than 10-25k

you`re right, but maybe they did that because the number of applicants are higher for 2k-10k. I`m sure its a bad news for all categories though.

Please can anybody say if FBN share certificate has been posted out and what percentage does stockbrokers use for their commission when you are selling shares.E.g if i am selling Access bank shares at N23, What are the charges i have to pay?Can the gurus in the house please enlighten me

@Fatherof2,

Oga patapata, I throway salute ooo.

Could you please advise on how to know when companies will announce their results.  Do you have a list/link to see all companies year ends and do they announce say 2 weeks after year end etc

ngegy:

you`re right, but maybe they did that because the number of applicants are higher for 2k-10k. I`m sure its a bad news for all categories though.

If this allotment holds, then someone that applied for 2k units will get 1,200 shares and someone that applied for 5k units will get 850 shares (even less than the person who applied for 1k units!  Where is the sense in that?

rasputinn:

Wanaj0,you scored a bull's eye there and I agree with you.
@ Roughcut,regulations or no regulations,any institutional investors that have an eye on taking over a particular company will not carry a placard bearing"hostile take-over intended",they could start with having one or two seats on the board and  bide their time for an amendment of relevant portions of the guidelines while all the while carrying out massive under ground lobbying of the regulating authorities.Like Wanaj0 said,the Gaslink example is still fresh.

What you need to understand is not all these private equity firms and institutional investors are not interested in a seat(s) on the boards of these companies they just need to put their money in and when they have hit their target exit point sell their holding for a handsome profit and invest in another cash cow!

The only difference between these guys and us is that they have deep pockets than you can ever imagine and i can assure you they most likely are not interested in taking over any company they can  do that for a lot more profit in South Africa!

Do you have an idea how many private equity firms have dedicated funds just for investment in the African region?  Go and check out Rennaissance, Actis and the others

Chinese sovereign funds,  Singapore investment company(SIC)  to mention a few have generated billions in reserves and are looking for where to plough their budgeoning reserves. So you honestly believe china loves africa so much that they are willing to invest billions in the continent? dont think so! they  need gain  access to  the oil and mineral gas resources  to satisfy the resource-hungry middle-class back in their home country. Gazprom of Russia will soon become a major player in the nigerian gas industry(if the the government will play ball) to break the strangle-hold of the western companies in the oil and gas indusry

So what am i saying?As long as these equity funds have billions to invest they will always continue to look for  the next big thing and that happens to be Africa for now!

Shibrino:

@ all

This spring bank IPO, is it a good buy? I have some cash and I want to go for those shares that have 50% prospects in the nearest future. Your advice please

SpringMortgage a subsidiary of Spingbank has applied to be listed on the NSE they have just concluded a PP and once it is listed hopefully they will allow the price to go up a bit before going on TS in preparation for an IPO.
Be on the look-out!
If insurance stocks are among those that are going to do well in '08 so you can bet the quoted mortgage stocks(only one as at now) will do very well because the businesses are inter-twined

You heard it on nairaland!

hispy99:

If this allotment holds, then someone that applied for 2k units will get 1,200 shares and someone that applied for 5k units will get 850 shares (even less than the person who applied for 1k units!  Where is the sense in that?

hmm, i see the problem

ngegy:

please check that math again, 5k will get 860 and 2k, 500.

The allocation for between 1k-2k is 60%, so if I applied for exactly 2k, I should get 1,200 shares, or am I missing something?

Please can u also confirm this Dangote Flour Thing that it is actually true?And if yes what is your source?If its true that Public Offers are not worth it as it is modernised 419

@

Dagflour news na bad one ooooo, what a waste of time & money. to think of what I could have done with the money pumped into it.  Does anyone know if this allotment is final or is this likely to change?