Rhemagirl:

[Guess you copied this from the SEC website. Well they don't update that website.

Goldlink has concluded the special PP. I posted the allotment details here. 8 people only applied (yes) and were allotted in full!!!! That tells you how special the PP is.

Sovereign Trust I think has concluded their own PP also.

Nigerdock, not sure anything is happening there.

]

upward:

Looks like our mighty Zenith is having a stop=over sooner than expected. It's loosing 1.00 naira today on the floor. Also seems like the light has fully shun on the Petroleum sector, most of them are jsut comfortably sittinginthe gainers chart with high figures. NSE, very interesting-o

pumping777:

Ha. If you have been following the Zenith discussion you will note that some already predicted that it will lose steam today. It may still come out strong at end of trading but the turbulence must hit today as profit takers go for 5% on large volumes. That N50 mark is a heavy resistance line for now.

pumping777:

For those that had any doubts about this.

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Bmcc:

hi, all does anybody have any infomation on Transcop shares and the latest on it

wanaj0:

FirstBank notched up 5% today. May be trying to move towards the 50.00 mark!!!! That no go dey easy for an ELEPHANT OOO

Chellaram also added another 5%. Those guys need to comfirm their plans for a PO. That is key to determining which of the airports to disembark from.

Flour Mill seems to have taken off!!!! Closed at 92.41 gaining 5% Same for Dangote Sugar. It should hit the 50.00 mark in readiness for the result. If Q1 2008 result is juicy as expected, expect it to soar high.

BOC as expected notched up another 4.99% to close @ 20.47. Learnt that as you go higher you need to shed some load. Pilot asked whether he should release some fuel to balance the load so I volunteered to reduce my kg instead. I don't wnat to hear that fuel finished mid air!!!!


Almost all the insurance companies collected the expected 5% gain so nothing special there.

Mobil was a major loser on the petroleum sector. Lost over N10.00 today. Oando is showing that with patience, you will make it BIG on the NSE. The rejected stone is now 150. Thinking some people that bought the PO out of frustration sold @ 75.00 just some few weeks ago. God dey!!

UNTL, a company that closed its factory, laid of its workers will likely be the BEST performer on the NSE this year. Gained another 5% today!!!!

And for those that like paper profit, Dangote Flour gained 5% today in 1 deal. Who is the person that already has Dangote Flour share certificate? Who is the person selling. Watch the volumes. I hope nobody on Nairaland is putting in a BUY order. Because the order will likely be executed for you @ 30.00 and after that, the price go nosedive come like 20.00. BUYERS BEWARE!!!!

rasputinn:

Hey, a word of caution here.Let it be NOTED that nobody has the monopoly of knowledge(and information),so on no account should nairalanders talk down to fellow nairalanders while answering their harmless posts.Let's be civilised please.

Big ups Rough Cut

rasputinn:

Good point Wanaj0,but you failed to mention Big Treat too

wanaj0:

Hope no one gets caught in. Expecting weeping and gnashing of teeth.

faketan:

Wanaj0 and Yodi,
Please do you think that NEM and GuineaI will sustain this them run? Abi na 'pasmaga'?

wanaj0:

Well, if you bought NEM @ N0.55 in 2006, be rest assured that nEM is not going below N2.00 at least not in the next 18months so no shaking!!

Mr. Risky:

You have said it all Wanajo,
And again what is driving the insurance stock prices??  Recapitalization?  Which recapitalization??  Where are the innovative market strategies in that sector?  Is it the N333m 3rd quarter PAT of NEM with over 5bn outstanding shares that is driving the price.  Very soon there will be weeping and gnashing of teeth.  In a BULL market, if the name of SAVANNAH BANK were to be on the list of quoted companies its shares would still be on BID, not minding the army of lizards crawling in their former branches across the nation.  Nothing kills faster than Hype,  The way fundamentals have been thrown over board, hope cardiac arrest will not arrest some unwary investors .  NOT MY PRAYER ANY WAY.

wanaj0:

How did you come up with 5bn oustanding shares for NEM? Have you added the shares to be issued for the acquisition of Vigilante

For me, the safety NET is your entry price. Will not be buying UNIC @ 6.00. I mean the PO @ 1.10 in 2006 was UNDERsusbcribed!!! What has changed

That said, some of the insurance companies have a good business model. UNIC is one of them. NEM also is undergoing a turn around with the coming onboard of Vigilante so may give them the benefit of doubt.

Will like to see the declarations of those insurance company. How much divdend will they pay. For those who are in for the short time, exit before the year end result!!!! Those guys are miserly with declarations.

Also, the insurance sector will probably have the worst corporate governance. I think UNIC cleaned its books so I am a bit comfortable with them.

That said, there are huge opportunities in that sector. Life insurance is one. Then look at the Health insurance, local content for the oil industry etc.