Japaul no release prospectus o! How do we know anything else about their offer. Miission statement is "we aim to be the best", is this enough info. to sink ur money into their stock? I heard they got some "nail-biting" contracts but that can easily be rescinded, plus how do we know there is more in the pipeline. Can anyone shed some light on the company?
I like rule no. 9 on the application form , Sounds so harsh,

Hello people , I need to be cleared about something here , it could be either i am wrong or my broker is wrong (playing me ?) i have bought some Firstbank stocks on the floor in the month of February 2007 .
Now i have read somewhere on the news (www.proshareng.com) that first bank have credited the bonus shares they declared this year to the investors cscs account, i had been thinking that this means i am supposed to be among those those that would receive this bonus, but i called my broker last night and she was telling me that i am not supposed to get the bonus , saying its for those that bought last year , she was also saying something like they will credit the bonus shares to investors cscs account only after their year end , could someone please tell me if i am the one thats wrong here or if its my broker .

All Da gurus in the house,

What do you think will be the impact of Naira Re-denomination - on investments??

Especially if you have a margin facility running?

crazyT:

Hey guys, at last the IPO of Japaul is out , though the released date on the form is Monday 18th of August, but I heard it has been prosponed till September.

Here is the link to the IPO



http://www.japaulplc.com/japaul_application.pdf

or
http://www.japaulplc.com

Yeah you are right the PO is out sometime in September even though the app form is posted on their website-----japualplc.com. I sent out an e-mail and this is exactly the reply i got and i quote We are just waiting to perfect some Statutory regulatory requirements, the offer will open within the month of September
Unquote i must add this is the fastest i got a response from any e-mail i have sent to any organisation in nigeria as i only sent the e-mail just this morning

egoldman:

Hello people , I need to be cleared about something here , it could be either i am wrong or my broker is wrong (playing me ?) i have bought some Firstbank stocks on the floor in the month of February 2007 .
Now i have read somewhere on the news (www.proshareng.com) that first bank have credited the bonus shares they declared this year to the investors cscs account, i had been thinking that this means i am supposed to be among those those that would receive this bonus, but i called my broker last night and she was telling me that i am not supposed to get the bonus , saying its for those that bought last year , she was also saying something like they will credit the bonus shares to investors cscs account only after their year end , could someone please tell me if i am the one thats wrong here or if its my broker .

@ egoldman, i think your broker is quite right on this one.

Temmie10:

@ egoldman, i think your broker is quite right on this one.

i see , thats why i no halla foram untill i make sure say i know how the damn bonus thing work , thanks a lot .

can anyone tell me what iz goin on wit afribank, iz it worth investin in2?

seun, can you tell me more about stock market? i feel i don't have enough money now to invest in it. i really want to trade, pls advice.

@ easimnoi, temmie 10, how una dey, long time (4 days).
its the first time ive noticed any1 say anything bout c&i leasing like easimoni did. their half year result was very good with a high growth rate and even interim dividend although i was unable to get their current eps as at half year. i think its quite undervalued and should hit 10 bucks by year end.
pls i need to know whats up with this japaul po, in the vanguard, mr.jegede said mid september,why the sudden rush. pls holla.

@ easimoni, could u pls provide me with latest eps on c&i. is it up to 0.2

To all the gurus in the house

What do you guys think about Eco bank, Wema, Fidelity, Fcmb for short term trading.
I have 500k.
Please, i need analysis of each stock
Thanx.

@ Shigidi

I am a bit lazy now, not in the mood for any calculation lol
So i have chosen the easy way out.
I am uploading 2 reports on ci leasing.
They are from zenith securities, one is a technical analysis, the other is a fundamental analysis
they were done in late may but u will find data for your analysis.

I will go thru again later today and see what i can come up with.
It seems Japaul will only be out in september, the fuss appears tio have been
caused by the applicatn form on their websie

temmie10, thanks for that. do u subscribe to zsl to get these monthly reports?

@ shigidi

On second thot, i have looked at it again.
If the company can sustain their results, this will make for a good buy.
Eps is edging towards the forecasted 46k.

no i dun subscribe to zenith monthly reports but i have access to a number of their reports

i know their first quarter eps was 10kobo so it should hit that mark. plus the growth is about 100%, which gives it a very healthy PEG ratio, personally, i thought the report was a bit cautious cos csl stockbrokers had earler valued it abou 9 naira with three months time frame.

@ Temmie10,
I'm currently kicking myself for missing the 3 months results of C&I. If I had seen it, would have bought a ridiculous number of shares. Now, with the 6 mos, the cat is out of the bag and the price is heading to the skies. You need to help a brother out by publishing more of that suff. Please!

Shigidi,
the full year result projects to an EPS of 66k. This is easily a 10-12 stock within the next 6 months. Good to see you using the lingo. Thumbs up!

Anyone see this article in Business Day?

The value of publicly quoted Nigerian banks is insignificant when compared with their peer from other African countries, a study by African Investor (Ai) has shown.
GODFREY OBIOMA
In the study involving 40 companies from the continent, the UK–based magazine used price, price earning ratio, market capitalisation , daily traded volume and shares in issue to assess the companies. Among the banks, Standard Bank of South Africa was the most capitalised at $18.52billion (N2.352trillion) with a price of $13.80 (N1,752.6) per share . Attijariwafa Bank of Morocco has market capitalisation of $7.30 billion (N927.1billion), trading at $364.36 (N46,273.72) per share . Banque Marocaine du Commerce also of Morocco is market capitalised at $5.43billion (689.61billion) with closing price of $342.53 (N43,501.31) per share while Egyptian Financial Group has market capitalisation of $3.05 billion (N381billion) at the price of $7.88 (N1000.76) per share.

Six major Nigerian banks, on the other hand failed to measure up to the banks from South Africa, Egypt and Morocco in terms of share valuation and market capitalisation. For example, Zenith Bank which is the highest priced bank stock at $0.52 (N66) per share, according to African Investor, has market capitalisation of $3.13 billion (N397.51). First Bank, trading at $0.45 (N57.15) per share is capitalized at $4.66 billion (N591.82), UBA is valued at $0.44 (N55.88) per share with market capitalisation of $3.1billion (N396billion). With market capitalisation of $2.13billion (N270.51billion) GT Bank is worth $0.27 (N34.29) per share as Intercontinental Bank has market capitalisation of $2.15 billion (N273.05billion) with price of $0.20 (N25.4) per share. Oceanic Bank, another Nigerian Bank studied by Ai, is valued at $0.21 (N25) per share with market capitalisation of $1.98 billion (N251. 46 billion).

However, some of these Nigerian banks performed better in terms of price earning ratio, which measures the period of time during which an investor recovers his initial investment outlay. Whereas it would take an investor about 26 years to recoup his investment in Attijariwafa Bank, and 53 years in BanqueMarocaine, it would take the same investor about 17 years to recover his initial investment in Oceanic Bank and Intercontinental Bank. It would take an investor about 30 years to recover his investment from Standard Bank, 34 years in Zenith Bank and 32 years in First Bank.

The Ai report did not however cover returns on investment where Nigerian banks have done so well. A report by Capital Assets, a Nigerian stock broking firm in 2006, using capital gain, dividend payment and bonus issues show that First Bank returned 153 percent to investors in 2006; GT Bank 106 percent; Intercontinental Bank 80 percent; UBA 68 percent while Zenith Bank returned 53 percent.

http://www.businessdayonline.com/?c=45&a=15437

It shows that while our banks are comparable in terms of market cap and favourable in terms of returns, we've done so many stock splits (bonuses) that the share prices make them penny stocks in U$D. There's a bank alsmost the same size as FBN (maybe smaller following FBN's offer) with a share price of N43K! Enough of the stock splits, let the price speak for itself.

easimoni, whats really annoying now is the stock is now scarce, and has made full 5% for the past 2 days, hope i can still get in below 6naira. will just hope

Temmie10:

@ egoldman, i think your broker is quite right on this one.

Sorry. But Egoldman is right. The bonus was declared for the year ended Mar 2007 and he bought before the year end So I dont see how he would be counted out. I dont know the date that the books were closed but it can not be before year end now. The broker is definitely mistaken.
Egoldman expect your bonus bo

Have you ever wondered where banks and finance houses get the money to build those massive edifices of theirs, buy exotic "tear rubber" cars, pay their staff heavy salaries, and still declare billions of Naira as profit at the end of the year?

Have you wondered why they insist on your having a minimum balance in your account?

Why are several banks struggling to outdo one another in running several promos, giving away gifts, etc, and why is opening an account (instead of buying raffle tickets) the fundamental requirement to participate in these promos?


Men I advise you to know more about this stock stuffs.

I cant wait to get the full gist on the proposed currency redenomination.

@shigidi
The eps for c&i leasing Q2 is 29k. U cant beat that. Even the thing gor max 5% today. What aches me most is that i bought onli 50,000 units at N1.15 last year p.o. I wish i had really put more into it. My broker tells me the thing now is so scarce. I am holding onto the thing real tite.

@egoldman

Dont let anibodi rip you off. If you bought the stock on the floor, U are veri much entitled to the 1 for 6 bonus and N1 div. The cut off date for the 2007 result is 20th of August. So as long as u bought the stock before the cut off date, u are veri much entitled. If u bought the public offer then U are not. But if its for the last year 1 for 1, Soori O. Nothing for U

U can check it out. All these brokers them wan use u hammer. because its taken to the cscs account, they will sell it behind U. JUst check and knbow what u are expecting

@ frankiriri,

i wonder o wen easimoni said d guy's broker was right.under normal circumstances,as egoldman bought d FBN share on feb.2007,the FBN Year end was march 2007,i see no reason why he should nt b qualify for Bonus and even d N1 div dclared dis year.

Even,frankiriri,if it is just dclared FBN 1:6 bonus & N1 div  we are about talkin about,the Register of shareholders is yet to b closed,to b precised it wil close on Mon 20/08/2007(next week Monday).

Egoldman u are more than 100% qualify for d Bonus&Div,stil expect them.If eventually ur cscs a/c is nt credited 4 d bonus,just "iron" it out wit ur Broker.

Cheers

@easimoni,
pls and pls pardon me o,i beg,i was refering to Temmie10 and nt u o pls.

@ frankiriri

i wonder o when Temmie10 (and not easimoni as typed in my 1st thread above) said d guy's broker was right.under normal circumstances,as egoldman bought d FBN share on feb.2007,the FBN Year end was march 2007,i see no reason why he should nt b qualify for Bonus and even d N1 div dclared this year.

Even,frankiriri,if it is just dclared FBN 1:6 bonus & N1 div we are about talkin about,the Register of shareholders is yet to b closed,to b precised it wil close on Mon 20/08/2007(next week Monday).

Egoldman u are more than 100% qualify for d Bonus&Div,stil expect them.If eventually your cscs a/c is nt credited 4 d bonus,just "iron" it out wit your Broker.

I think you're all getting the question wrong. The article that raised the question was a pull out from the proshare website and the bonus was refering to the past bonus and not this recent one. We all know there's no way on earth that bonuses will be credited into accounts before the registrar's book closure date. I appreciate the spirit of helping a brother though.

Good one guys, a very good one indeed.

@Frankiriri
I am rather worried about the re-denomination of the Naira. What does it spell for us? Is it going to be good for the general populace or is it another gimmick to help those in who have cornered the Nation's wealth?

afroil:

@easimoni,
please and please pardon me o,i beg,i was refering to Temmie10 and nt u o please.

I was about to "unleash"!

this should be a new topic

Atam-Man:

@Frankiriri
I am rather worried about the re-denomination of the Naira. What does it spell for us? Is it going to be good for the general populace or is it another gimmick to help those in who have cornered the Nation's wealth?

The article in question can be located here.

http://www.businessdayonline.com/?c=45&a=15436

I'm not qualified to comment! Oya, over to you bankers, economists and CFAs.

And maybe it should be a new topic.

@ egoldman

Before you go and fight with your broker. Let me jus try to put things as straight as possible. The bonus shares for the year ended 2007 has not yet been credited o. It will be credited to all those still holding the shares of FBN as at 20/8/2007.

What you read on proshare was the bonus issue for the year ended 2006, i read the report too. you are not entitled to that one and that is why your broker is correct.
If anybody has recieved bonus for FBN 2007, let them speak up,

@ easimoni
i will try to post some more analysis.
How many shares does Oando have in issue? i read that it is 572 million. Can you pls doublecheck that for me.

Hello, i will like to know the lowest amount that brokers accept. Is it possible to get a broker who will accept like #1000 to buy shares for me. I don't have a broker yet. Am not working yet and thats what i can get in two months. Thanks.