Naijadr:

For Costain folks, awon RoughCut & co, it appears that we've hit a stand still there, notice some resistance, exhausted buyers, very low vol being traded now. Folks appear to be holding on now, maybe waiting for the trigger towards release of FY results. I don't see much rapid advancement, might not hit N50 till maybe mid March, we prob bounce around the N45-48 mark for at least the next week or 2 even.

Anyone else notice Nig-German today, it finally broke past N28 again today ending at N28.66, it hasnt done that since early Jan, very small vol but the RSI looks just right, and I see it inching gradually, it might hit the all high N30 mark by Thursday. This company appears to move in spurts of every 3mths or so.

Dunlop is on the rise due to its low nominal price. thankfully I sold CILeasing after a 52% gain in 6 weeks and hoped on its train, I bought a very small quantity last week (at N5), and have gained about 9% after fees already, closed at N5.66 today. It looks poised to reach N6 by Friday as there doesnt appear to be a shortage of buyers. Today had the most # of buyers since the run 1st week of Feb. Short termers should prob try to get out before it gets to N8 because those who bought end of Jan at around N4 or below will def be cashing out.

All my opinion, and yes I have all 3.

Naijadr:

As expected, COSTAIN drops to N43.95, due to profit taking
NIG-German did as expected, has crossed the N30 mark, breaking its previous highest, ending at N30.09
Dunlop continues its rise, closing today at N5.79, looking to reach that N6 by Friday
So all 3 went as expected
As crazy as the NSE is, I think I'm finally learning small small from here how to predict and speculate, thanks guys fundamentalists and TAists!

cashcraft and gti have same prices
The trend continues, COSTAIN closed at N44
NIG-German closed at N31.59, another high, its on the move, could be enough gas to take it to N40
Dunlop continues the rise closing at N6.07 so its crossed over the mark!

For me, just use a strategy that is best suited for your personality. People follow strategies without considering their personality. If you are the type that will be disturbed with a 105 drop in your NAV don't go for CICO.

If you are the type that cannot do without checking prices every day then don't go for LONG TERM. You cannot survive watching your stocks remain dormant (no movement) for like a month!!!

Thanks Wanajo. Very correct statements.

I beg gurus what does a stock being on bid mean?
how about on sell?
are these techn jargon or plain english
thanx for ur replies

Naijadr:

cashcraft and gti have same prices
The trend continues, COSTAIN closed at N44
NIG-German closed at N31.59, another high, its on the move, could be enough gas to take it to N40
Dunlop continues the rise closing at N5.86, with a high of N6.07, looking to hit N6 by friday

There's no stopping Costain!

Dont forget FY is March so we expect results around May or thereabouts so its safe to assume that the PO shares would not be listed for FY results so they have room to give dividend if they so desire. Not sure about bonus_{that would not be a good idea considering they have just done a PO}

Costain will comfortably and without breaking sweat break the N50-mark by March/April

Go on soun

@Wanajo

I think there is some market correction going on here (at least to some extent). Abi na the end of month syndrome when everybody dey pay back money?

barge:

To all my Ogas, guggurus and Gurus,

Wanaj0, WW,ak47 et all.

I salute ,  i am almost through with my punishment for being away fro the thread for such a long time.God bless you all ,keep it coming. This FCMB results looks dissapointing unless they intend to pull a rabbit out of their hats.

Barge,
donde téngale estado?

mastermove:

I beg gurus what does a stock being on bid mean?
how about on sell?
are these techn jargon or plain english
thanx for your replies

Bid means there are more buyers than sellers; the price is likely to go up. AKA "net bid"
THe opposite is to be on "offer" or "net offer". NO such thing as "on sell"

ABC had an accident today.I doubt if it will be able to continue it's journey to Maiduguri until sometime next week.Profit takers have set in.

easimoni:

Barge,
donde téngale estado?Bid means there are more buyers than sellers; the price is likely to go up. AKA "net bid"
THe opposite is to be on "offer" or "net offer". NO such thing as "on sell"

The Guru Emeritus hope  u dey enjoy your semi-retirement

blueband:

ABC had an accident today.I doubt if it will be able to continue it's journey to Maiduguri until sometime next week.Profit takers have set in.

Accident ke? if he get accident na im be say journey don finish be dat. The bus just dey take opportunity load more passengers

RoughCut:

There's no stopping Costain!

Dont forget FY is March so we expect results around May or thereabouts so its safe to assume that the PO shares would not be listed for FY results so they have room to give dividend if they so desire. Not sure about bonus_{that would not be a good idea considering they have just done a PO}

Costain will comfortably and without breaking sweat break the N50-mark by March/April

Go on soun

---------
You have to be careful with Costain so it does not do you an Oceanic.

Shares to be listed for the PO qualify for any bonus and dividends declared for FY March 2008. Check the full prospectus on page 8 or the abridged one on page 3. It is not possible to cut and paste.

This suggests that the PO shares must be listed before the FY results or at least before the closure of the register.

---------

I believe that scarcity is what is driving the price of Costain right now. BTW, what result are you expecting from Costain this March that will justify the current price bearing in mind the outstanding shares that will be listed from the PO?

In the prospectus it is already stated that over 1B shares will be outstanding by FY March, 2008 and they are projecting a PAT of N0.514B. Based on the current price the forward PE is already over 100.

Of course by 2009, based on the project that PAT will multiply 3x this is still okay long term. However, short term, I think it will be necessary to take profit and soon.

debenzd:

@Wanajo

I think there is some market correction going on here (at least to some extent). Abi na the end of month syndrome when everybody dey pay back money?

This one looks more than end of month syndrome o. Wether it is a one week bear run or this will continue till next week is the only uncertainity.

blueband:

ABC had an accident today.I doubt if it will be able to continue it's journey to Maiduguri until sometime next week.Profit takers have set in.

No bi accident, na yellow fever stop am Zebra crossing

debenzd:

@Wanajo

I think there is some market correction going on here (at least to some extent). Abi na the end of month syndrome when everybody dey pay back money?

Can't see any corection ooooo. Nigerian German still no wan gree!!

pumping777:

---------
You have to be careful with Costain so it does not do you an Oceanic.

Shares to be listed for the PO qualify for any bonus and dividends declared for FY March 2008.

This suggests that the PO shares must be listed before the FY results or at least before the closure of the register.

---------

I believe that scarcity is what is driving the price of Costain right now. BTW, what result are you expecting from Costain this March that will justify the current price bearing in mind the outstanding shares that will be listed from the PO?

In the prospectus it is already stated that over 1B shares will be outstanding by FY March, 2008 and they are projecting a PAT of N0.514B. Based on the current price the forward PE is already over 100.

Of course by 2009, based on the project that PAT will multiply 3x this is still okay long term. However, short term, I think it will be necessary to take profit and soon.

I think it will be suicidal for them to declare a bonus if the PO shares are to be listed before FY!

Dont forget they still have the proceeds from the PO which obviously they will capitalize so that will not do their balance sheet any harm at all and they can afford to give dividend which hopefully will help to sustain the share price at least till when they declare FY results.

Hopefully they will put the proceeds from the offer to work after the fiscal year and we would know what impact it will make to the bottom-line. Profit taking i expect in the short-term but going forward its looking good in the medium-long term

That's my prognosis sha like the medics would say

wanaj0:

Can't see any corection ooooo. Nigerian German still no wan gree!!

Well, you know stocks that are reasonably priced won't be affected so much. Fundamentally Nigeria-German is still reasonbly priced.

It is the over bloated stocks that are taking a beating across board. Even the sentimental stocks like Japaul CI Leasing dey hear wen!!

pumping777:

Well, you know stocks that are reasonably priced won't be affected so much. Fundamentally Nigeria-German is still reasonbly priced.

It is the over bloated stocks that are taking a beating across board. Even the sentimental stocks like Japaul CI Leasing dey hear when!!

There are gains and losses so nothing major here. NGC, BOC, OandO etc had gains while Chellarams, M&B had losses. Quite normal in the capital market!

Correction will happen after release of result. Watch and see how WAPCo quickly rest!!!

@all,
How available is skye shelter fund. I bot during the offer but i want to ZIZO a lil before my certificate comes out.

wanaj0:

There are gains and losses so nothing major here. NGC, BOC, OandO etc had gains while Chellarams, M&B had losses. Quite normal in the capital market!

Correction will happen after release of result. Watch and see how WAPCo quickly rest!!!

I'm not talking about just today. I'm talking about all week. Many stocks have lost significantly within a single week than has happened this year so far.

For there to be a correction, all stocks will not have to lose value. Some stocks will still increase in price. A stock like OandO has a driver at the moment so nothing surprising there.

As an example, just for today, only 4 banks gained marginally. All others lost or remained the same. All the major bank stocks have been on a losing streak all week. Not just today.

chei, looks like ABC took a hit today. Didn't see that comin' . I guess tis going to be a case of waiting for the dreaded profit takers then before the journey continues.

pls does anyone know the minimum for daar comm ipo? i hear its a good buy

tajmao:

please does anyone know the minimum for daar comm ipo? i hear its a good buy

1,000 shares

seems like a different price list has come out on nigerian securities. they have it that longman lost 5% today but cashcraft records it as gaining 5%

who can confirm the "real prices". i am inclined to believe nigeriansec cuz of my experience and my conversations with them

aktopgun:

seems like a different price list has come out on nigerian securities. they have it that longman lost 5% today but cashcraft records it as gaining 5%

who can confirm the "real prices". i am inclined to believe nigeriansec because of my experience and my conversations with them

try zenithsecurities.

http://www.zenithbank.com/pricelist.cfm

thanks wendy

it confirms nigeriansec.com's prices. cool

http://www.cscsnigerialtd.com/modules.php?name=Gainers&myfaq=yes&kk=85&d1=2&l1=15&l2=15&kb=10

CSCS has LongMan up by 5%

looks like deap capital is on suspension. Any idea when they'll be doing their PO?

hispy99:

http://www.cscsnigerialtd.com/modules.php?name=Gainers&myfaq=yes&kk=85&d1=2&l1=15&l2=15&kb=10

CSCS has LongMan up by 5%

na wa o. this NSE sef!
anyway, nigsec say their software scans the nse database about 4hrs after the market closes for the last record of prices. lets see if they change theirs.

sheer incompetence!

ehen.

please o. the fellas who bought ccnn, its showing signs of slowing down.

consider this a heads up!

@Barge.welcome back from your self declared vacation.Good to see  you.

Good to see that the those caught in the frenzy of CICO has discovered its not that easy.People like FO2 and Windy have the experience,finesse and patience most newbies don't.The wanajo/easimoni technique is still da best.

Back to Transcorp please cos i have some interest in that company.Infact, i want to enter the board one day.Ready to fight it out with Samstone.
I have always loved the idea behind company cos i know what Temasek did/and still doing in Singapore. Now that our seeminly ever confused president has agreed-after listening to Ndidi/Iseghogi's presentation to give MTEL back to Transcorp,what do you think?

Anybody out there with info on what Transcorp really wants to do?Nairaland is too rich with info.

AKTop[b]gboa[/b]!
No mind me, my brother. I be Marketer, so I no dey too dey online like that. Thanks for your response. How Tobe? I hope He's doing better now. I need to put some kind N500,000 inside market for a "2 week" CICO and I don late for madam Wendy N6 prediction for First Aluminium (kai, see as I miss train )
Madam Wendy,
U too much. If U go get my time, Wetin make I buy for Friday; all Cavaet observed.

Guys - i am currently doing a research. Please from your perspective, recommend brokers good for CiCo.

Meanwhile, i have asked and would ask again - Does anyone know the right CSCS No. to fill on the form to get your shares directly to CSCS following a PO. (Alphanumeric or Numeric?)

windywendy:

looks like deap capital is on suspension. Any idea when they'll be doing their PO?

http://www.proshareng.com/myproshare/portal_news_category.php?recpos=3&id=15

Not sure when they will do their PO but it is at an advanced stage.I won't be surprised if they are on TS but I doubt it.At least NSE for done announce am today now.Abi?