googlepikin:
una no dey tire for dis forex trading that have rendered families useless.?

Hello googlepikin

Forex trading is not responsible for rendering any family useless. It is not the tool but the user of the tool that is responsible for the results surely.

I know of families that this particular tool has helped make financially free.

There is no compulsion, just an invitation. At least take a look before kicking it to the curb.

Best wishes.

Aktopgun

Here is a chart of the USD versus the naira AND the pound versus the naira

Joel3:
let not shy away from the truth, everything is certainly wrong with Buhari & CBN forex policy. I know we don't want our currency to be devalue. but no where in the world where government fixed price against forex. how can CBN fixed a forex price? Nigeria is been cheated and some few persons are benefiting from this and we are talking about fighting corruption.


forex pricing should be a reflection of market force and not something any body can fixed.

Hello everyone.
I agree with Joel entirely.

I am a forex trader and I am more than clear in my mind that intervention has never worked. The Bank of Japan is a living testament to this. Every time they have intervened it has had nothing more than a short term effect. Eventually in not too long a time, market forces come to bare.

I would like to take the opportunity to invite Nigerians interested in trading to join me on my youtube channel to see the methodology I use to make my trading decisions.
It is clearly time for Nigerians to take more of an interest in the Forex markets with everything that is currently going on.

here is the link https://www.youtube.com/channel/UCBfJXfrJDZS7J4oOx3hHl3g

If anyone is interested, you can also join us on tradingview.com in the "Trading institutional order flow" chat room where we analyse the forex and other markets everyday.

best wishes

Aktopgun

Oduduwaboy:

change is constant bro!

Hello fellow traders. I hope you are all well. It's been yonks!!. Been in the shadows as always.

I would like to invite you all to join me on my new youtube channel where i analyse the markets in video. Quicker for me than writing long posts

here is the link

https://www.youtube.com/channel/UCBfJXfrJDZS7J4oOx3hHl3g

best wishes

Hello everyone, long time no post
still keeping an eye on this thread, used to be an old haunt for me back in the day.
Looking to start analysing nigerian markets again shortly. Finding good charts to post still a challenge though
heavily into trading the futures market for the last couple of years
Miss the guys
anyone still around, easi, pumping FOF2, wanajo etc
I hail.

dulamania:

PLEASE I NEED ADVICE BEFORE I GO INTO MESS AGAIN


Please is presco a good buy now considering the fact that its price is now N29.

I am planing to get Japaul oil for long term investment. Please is it a good plan. Please I need advice .

Finally is NASCON a good buy now.(at N19)

definitely not. u can get NASCON cheaper.

DANGOTE SUGAR REFINERY

Subsidiary of Dangote Group, spun off from Dangote Industries Limited in Jan 2006
Manufacturer of Fortified sugar, imports raw sugar from brazil, refines and fortifies it with Vitamin A as per NAFDAC guidelines
Year End Dec 31st
IPO 2006
Shares Outstanding 12,000,000,000 (gave 1 for 5 bonus for Yr end 2007, announcd in March 2008, increasing shares outstanding from 10billlion to 12billion)
Registrars - Zenith Registrars

Started production March 2000
Factory in Apapa, commisisoned in 2001- installed plant capacity currently 1.44million metric tonnes/yr, to be expanded to 2.4million metric tonnes (which would make it the world's largest sugar plant!!). Plant currently at 75% capacity utilization)
Completed factory expansion 2006, further expansion planned.

Small packaging plant set to commence ops in 2nd half of 2008-to package sugar in smaller bags than the current 50kg bags.(the 50kg bags will continue to be produced and the smaller bags are meant for smaller distributors and individuals).
Sugar plant for Algeria by 2009

Customers:
Nestle,cadbury,7up,other industrial sugar users- make up 18% of sales for DSR
Distributors- buy white sugar wholesale and retail it to households and smaller industrial users: account for 82% of DSR sales.
All of DSR sugar was sold only in Nigeria until Dec 2007 when it began exports to Ghana.

TURNOVER
2001 14.81BILLION
2002 13.54BILLION
2003 27.88BILLION
2004 36.58BILLION
2005 58.49BILLION
2006 83.76BILLION
2007 80.649BILLION (This decrease in turnover between 2006 and 2007 was attributed to the decrease in world prices in sugar, resulting in DSR passing the savings to consumers by decreasing its selling price per bag from N5100/bag to N4600/bag)
1Q 2008 20.94BILLION (Up from 20.036billion in 1Q 2007)

PBT
2001 1.5BILLION
2002 1.22BILLION
2003 4.54 BILLION
2004 7.37BILLION
2005 9.38BILLION
2006 16.657BILLION
2007 30.662BILLION
1Q 2008 8.93BILLION (Up from 7.16billion in 1Q 2007)

PAT
2001 1.5BILLION
2002 1.22BILLION
2003 4.54BILLION
2004 7.37BILLION
2005 9.38BILLION
2006 16.657BILLION
2007 21.478BILLION
1Q 2008 6.69BILLION (Up from 5.368billion in 1Q 2007)

Note that DSR enjoyed Pioneer status till end of year 2006 (dec 31st 2006) meaning they paid no tax on their income which is why PBT=PAT till 2006. The first income that was taxed for DSR was for End of year 2007.

PROFIT AFTER TAX MARGINS
2001 10.12%
2002 9.01%
2003 16.30%
2004 20.15%
2005 16.04%
2006 19.885%
2007 26.63%

EPS
2001 14.99KOBO
2002 12.19KOBO
2003 45.44KOBO
2004 73.71KOBO
2005 93.80KOBO
2006 N1.67KOBO
2007 N2.15KOBO

ROE (return on equity)
2001 117.3%
2002 9.09%
2003 25.29%
2004 29.09%
2005 27.02%
2006 59.54%
2007 82.74%

As of April 2008, Dangote Sugar Refineries have no debt according to their MD/CEO, in fact they have money in the bank that generated an interest on N500 million in 2007. Oh boy, oh boy, oh boy!!!. the interst alone is more than the PAT for some companies for a whole year.

I hope the information is useful.

japaul

FatherOF2:

Fidelity was overbloated pre PO. I think it has fallen quite well. Besides, if we confirm the market this week as being fully "Bullish", sentiments will change.
In a bullish market, prices tend to hold their resistance more and longer. When sentiments are negative during a bearish market, people will do anything just to get out, that is what breaches resistance. Right now the last drop in Fidelity's moving average is less than its worst moving average drop in last 3months. That is a good sign.

Surely u mean support and not resistance

Hey fellas. Thought i'd share this little research i've done on WAPCO. Enjoy it, i did.

LAFARGE WAPCO (New name from Feb 2008)
Established 1959, Listed on the NSE Feb 1959 under Building materials sector
MD-Mr George Lourandous (Greek fella)- This guy was former DMD/Chief operating officer of AshakaCem
Yr end: DEC 31ST
Registrars: City Securities
Outstanding Shares:  3,001,600,004.
Owned by Larfarge France when Larfarge bought Blue Circle UK on 1st July 2001. (Blue Cricle were the former owners). So u could say WAPCO came with the deal.( Lafarge France also own Ashaka Cement by the way.). Lafarge are the world’s largest cement producers and are in the top 3 of each sub-sector of the building materials sector in the world.

Share holding structure:
Foreign investor holding company- Lafarge France through the following:
AIC UK-36.481%
AIC NIGERIA-23.041%
Lafarge Nigeria-0.480%
Total % owned by Lafarge: 60.002%
Other Share holders:
O’dua group of companies-11.765%
Nigerian Public- 28.233%
Its interesting that the Chairman of the board as at 2005 owned 0 shares in WAPCO until yr end when he bought a whole 25,000 (yes 25,000 units only)

Subsidiaries: Portland paints & Product Nig. Ltd., Portland Electrical repairs Ltd., and Nigeria Kraft Bags ltd. 

Cement plants in Ewekoro(established 1960, upgraded August 2003) and Sagamu ( established in 1978) in Ogun State.
As at the end of 2005 both plants had a combined capacity of 2.1 metric tonnes (1.32 metric tonnes from ewekoro, the larger of the 2).

Turnover:
2001 13,410,247,000
2002 12,459,539,000
2003 13,729,548,000
2004 22,095,823,000
2005 26,626,109,000 (this is where u start to see the effect of the upgraded ewekoro plant on turnover)
2006 39,647,000,000
2007 38,665,000,000
Turnover increased from 9.52billion in 1Q 2007 to 11.03billion in 1Q 2008

Point to note here is in 2007, WAPCO had 75 days in total that production was suspended due to gas disruptions – an unresolved problem, a microcosm of the general power problem in Naija. An estimated 350kilo tonnes lost in 2007

PBT:
2001 1,079,903,000
2002 21,512,000million (eventually made a loss before tax for this yr because of an exceptional item of 1,132,896,000. Net operating loss
                                         after exceptional item was 1,111,384,000 for 2002)
2003 loss of 3,070,884,000
2004 loss of 1,711,977,000 (total loss before tax was 3,159,346,000 because of another exceptional item)
2005 3,194,635,000 (from here the dividends of the new plant becoming apparent)
2006 11,856,000,000
2007 12,536,000,000

PAT:
2001 980,266,000
2002 loss of 1,392,050,000
2003 loss of 3,174,956,000
2004 loss of 3,401,129,000
2005 2,763,164,000
2006 10,678,000,000
2007 10,679,000,000 (PAT was N10,946,000,000 in 3Q 07 but WAPCO made a loss in 4Q 07. This continued into 2008 as the
PAT fell by 35% in 1Q 2008 from 2.64billion in 1Q 2007 to 1.95billion in 1Q 2008. This worries me as turnover increased in 1Q 08 but PAT went down for the same period. That suggests to me that the cost of production and or distribution has increased of late.

DPS                                                               EPS                                               ROE                                  Profit Margins                         
2001 0kobo                                                   86kobo                                         9%                                        7%
2002 0kobo                                                   -81kobo                                       -15%                                    -11%
2003 0kobo                                                   -N1.85kobo                                 -53%                                    -23%
2004 0kobo                                                   -N1.98kobo                                 -129%                                  -15%
2005 30kobo                                                 92kobo                                        19%                                       10%
2006 N1.00                                                   N3.56                                           42.68%                                  26.9%
2007 N1.20kobo                                           N3.56                                           42.68%                                  27.62%

Highlights:
1.As at half year june 2007 Long term debt stood at N7.9billion (current estimates are about N5billion, AGM is in May 2008)
2.Planned to add 300kilo tonnes capacity in 2007 but plans stalled, not expected to happen earlier than 3Q 2008 now.

3.Multiple factors put the company’s future in doubt:
-the coming on stream of several other compatitiors, notably the Dangote group (BCC (900,000 tonnes/yr),OBAJANA with 4.7Metric tonnes in kogi, its ibese Ogun state plant with 2.3 metric tonnes, its odukpani plant in Cross river with 2.3metric tonnes, a dangote group total of  11.2metric tonnes compared to WAPCO’s 2.1metric tonnes from its Ewekoro and Sagamu plants). In 2005, a yr after BCC came back online for example, BCC cornered 8% of the entire cement market from a position in 2004 where they had no functioning plant in 2004.(turnover for BCC in 2004 was 0!!)

Remember that competition in the Cement market is mostly region based due to the high costs of production and distribution ie WAPCO now has competition in the South West from Dangote as Dangote now has a cement plant in Ogun state like WAPCO. Dangote is in 2 other regions ie middlebelt competing through BCC and Obajana against CCNN and possibly Ashaka Cement.

The FGN also ordered the reopening of a cement baging plant in Ibeto Portharcourt mid last yr as well, adding to the proliferation of
New cement manufacturing companies in several parts of the country.

WAPCO is expected to gradually lose the most market share to the dangote group in the future and may lose less to the other cement companies.

4.A meeting with foreign fund managers Renaissance Capital, WAPCO management admitted the possibility of a shrinkage in the company’s lime stone reserve following a feasibility study conducted by WAPCO that showed that about 50% of its limestone deposit was underwater. Management says there is a 50-50 chance that the impaired limestone cannot be used for cement production. According to them this may lead to significant limitation to medium term capacity expansion, the key driving element of the company’s growth. I wrote above that the company’s planned expansion by 300 kilo tonnes has been delayed for a yr now. – Rennaissance Capital Research portal.

MyPeace:

just received my FCMB certificate now.  Whats happening to my Japaul!!!!!!!!!!!!!!

i received my japaul certificate a couple of weeks ago. it was sent to my address

BABIFAZE:


Aktopgun, am not stepping on your toe here!!!          Am new to investment world though but I think this candle chart does not belong to the forum as it can cuase panic selling
among new investors who believe the candle is 100% reliable. Thank God you know it has been around for ages that means one should not take it as ULTIMATE future teller.
What it does best is to manipulate investors by dictating the stock performance, and depress the stock market as well. Why is it that some forum members both here and the other side do not want you to shine candle on particular stock they are holding?  Ever thought of it?  I guess all that followed the candle chart got their finger burned as well as as myself. The truth be sey, you be one of the most intelligent gurus here and there. So i for like make you dey send the candle to those who want am as PM, and make you continue to help and advice the new comer base on experience and fundamental analyse like you dey do before before.

Just my opinion sha.

What the 

I think it is not really wise to comment on stuff u know little about. It will only serve to expose the deficiency's in your opinions.

How u can equate the fact that candle stick charting has being around for ages to mean it is not "an utimate future teller" is beyond me.

Which method do u know that is? Please share.

You need to do a little more learning on it to make such assumptions and comments and not base your sole argument on the fact that u or anyone else "got burnt" using it. So because u lost money using it that means it doesn't work?  You've gotto be joking.I know u are smarter than that. C'mon.

If a "new investor" here, after thousands and thousands of posts here still doesn't know enough about using tools and information to make investment decisions then maybe investing in the stock market isn't for him or her. The charts i post aren't meant for everyone, they will mean nothing to u if u do not understand their use.

I have NEVER adviced any one to make buys or sells based on only candle stick charts. I talk about what I would do each time i post and even then caveats are applied. I do not make investment decisions for u or anyone else. Its not my business.

Neither is it my concern u lost money because u followed candles. I wish u would learn to do your own analysis yourself so u could make better investment decisions but something tells me even then u will still lose money as we all do even on the soundest of analysis.
The stock market is not a get-rich-quick scheme. Don't treat it as one.

I won't even begin to talk about others who unlike you who have viewed the charts posted,used the info therein to add to their analysis and made money from their investments. I guess they were wrong weren't they. 

Also if the method of candle stick charting serves to "skew" the view of investors and cause "panic selling" maybe its responsible for the current market crash in the western markets. Sure u know that isnt the case. Don't make comments like that because they are essentially baseless.

I don't think u are in a position to tell me what and what not to post either. Simply ignore the posts u do not like so u don't start making unfounded assumptions of any particular method.

By the way i use Technical analysis as a whole and candlestick charting is but a small part of that. I am also quite adept at analysing companies I am interested in.

Posting here for u to lay aspersions on my person is of secondary concern to me.

BABIFAZE:



If the candle chart is as good as you claimed, why is your portfolio on RED?
wouldn't you have seen the bear coming? I believe the candle chart skews the view on stock. And it can be used to manipulate investors easily by dictating the stock market.

Just my opinion sha.

"As good as i claim"? Whats that about?

I claim nothing. Candle stick charting has been around for the last 2,000yrs so i cant claim anything, it does that all by itself i think.

What kind of statemment is "how come i didn't see the bears coming?" Did u? If u did pls share ur knowledge.

NGC. I posted this research of mine here last year or so i believe but since u asked for it here goes:

NGC: In the chemicals and paint section of the NSE. Quoted on the NSE in 1979
45yr old company started in 1963. Previously Hoechst Nigeria, changed to NGC in Feb 1995
Manufacture and distributor of pharmaceutical, consumer products , oil and gas field chemicals.
Market leading brands-daga,benylin, abidec, tabalon.

CEO- Mr Adeboye Shonekan, made CEO in April 1999. Formerly with IFC.
Head of Board- Alhaji (Dr.) Abali Muhammadu

Outstanding shares- 153,786,012. Authorised share capital is 200,000,000 ordinary shares
Year end - Dec31st
Ownership structure -
Volker securities and investment limited- 46.63% as of dec 31st 2005
Nigerian social insurance trust fund (NSTIF) - 10.11% as of Dec 31st 2005
Other nigerians - 43.26%

Registrars- City Securities Limited

Twice awarded NSE best presentation, quality an ddepth of annual report and accounts, last time was in 1992

History of bonus issues and public offers:
1991:1 for 4 bonus
1992-public offer
1996-rights issue
2001: 1 for 6 bonus


TURNOVER:
2001 - 977,168,000M
2002 - 1,439,659,000B
2003 - 1,603,313,000B
2004 - 2,085,445,000B
2005 - 2,477,005,000B
2006 - 2,490,000,000B

PAT:
2001 - 4,464m
2002 - 38,773,000m
2003 - 61,532,000m
2004 - 94,936,000m
2005 - 121,365,000m
2006 - 149,300,000m
Proj PAT 207- 193,070,000m

EPS: EARNINGS PER SHARE
2001 - 3KOBO
2002 - 25KOBO
2003 - 40KOBO
2004 - 62KOBO
2005 - 79KOBO
2006 - 97KOBO
Proj EPS 2007- N1.26

DPS: DIVIDEND PER SHARE
2001 - 0KOBO
2002 - 20KOBO
2003 - 30KOBO
2004 - 30KOBO
2005 - 35KOBO
2006 - 45KOBO

NET ASSETS PER SHARE:
2001 - 642KOBO
2002 - 648KOBO
2003 - 658KOBO
2004 - 689KOBO
2005 - 733KOBO

RETURN ON INVESTMENT
2004 - 8.95%
2005 - 10.8%
2006 - 13.2%

NGC has 4 divisions:
1. industrial chemicals - least profitable. actually losing money
2. Ethical pharmaceuticals - most profitable
3. Consumer chemicals - 3rd most profitable.
4. oil fields chemicals - 2nd most profitable. added in 2004. called NGC Oil services

NGC dropped Agrochemicals division in 2004

NGC owns shares in UNIC Insurance bought at N182,000,000 for 140,000,000 shares in 2005

As of Full year 2005, CEO Adeboye Shonekan owned 998,958 shares (same number as he owned as at full year 2004)

PAT 3Q 2007 144.78M
PAT 3Q 2006 116.30M
Up 24% from the same period in 2006.

TURNOVER 3Q 2007 2,117,000,000b
TURNOVER 3Q 2006 1,982,000,000B
Up 7% from the same period in 2006.

Meaning from a 7% increase in their turnover, they managed to increase thier profits by 24%, suggesting they are managing thier costs better i guess.


Now, if u consider that their PAT for the whole of 2006 FULL YEAR was 149.30M (up 23% from 2005) and the TURNOVER for the whole of 2006 FULL YEAR was 2,490,000,000B, that 3Q result isnt looking too bad.

For the fellas who may not have it:

NGC:

PAT

1Q '07 - 57,200,000M, UP 65.75% FROM SAME PERIOD 2006

2Q '07 - 119,000,000M, UP 39.93% FROM SAME PERIOD 2006

3Q '07 - 144,800,00M, UP 24% FROM SAME PERIOD 2006

TURNOVER

1Q '07 - 710,510,000M, DOWN 19.21% FROM SAME PERIOD 2006

2Q '07 - 1,360,000,000, UP 7.94% FROM SAME PERIOD 2006

3Q '07 - 2,117,000,000, UP 6.81% FROM SAME PERIOD 2006

Now if u look at the turnover between 1Q '07 and 2Q '07 u will notice a 91.4% increase.
Between 2Q '07 and 3Q '07 there is a 55.66% increase in turnover.

i think they are still in line to meet their targets.

I have N193.07m as projected PAT. They released their results around mid july last year

LONGMAN:

Incorporated- August 1961. Listed on NSE 23 July 1996 in printing and publishing sector

Off-shoot of Longman Group UK Limited(now known as Pearson Education Limited)

Main business- book publisher, textbooks mainly, also general reference and leisure reading materials.

Publishers of New General Mathematics, Stone & Cozens Biology, Practical English and the English Project series.(bring back any memories fellas :rotlmao: :rotlmao

Headquarters- Lagos
Regional offices in Abuja, Agbor, Akure, Enugu, Ibadan, Ilorin, Jos, Owerri and Zaria

Chairman: MR. EMMANUEL IJEWERE
M.D/CEO: MR. DANIEL OBIDIEGWU - since 2005.

AUTHORISED SHARE CAPITAL: N200,000,000. PAID UP: 73,500,000

REGISTRARS: FIRST REGISTRARS NIGERIA LIMITED

NSE Awards: Annual Merit Award for 1999, 2000, and 2001

OUTSTANDING SHARES - 176,400,000

GAVE A 2 FOR 5 BONUS IN 2001
GAVE A 1 FOR 5 BONUS IN 2005

TURNOVER
2002 - 680,148,000
2003 - 795,971,000
2004 - 1,051,917,000
2005 - 1,304,641,000
2006 - 1,743,874,000
1Q 2007 - 320,300,000, 1Q '06 - 220,210,000
2Q 2007 - 662,600,000, 2Q '06 - 570,355,000
3Q 2007 - 1,340,000,000, 3Q '06 - 992,930,000

PBT PAT
2002 - 77,192,000 45,843,000
2003- 51,964,000 32,602,000
2004- 111,894,000 62,964,000
2005- 173,399,000 119,843,000
2006- 283,561,000 203,751,000

PAT 2007
1Q 9,500,000
2Q 20,800,000
3Q 94,100,000
PROJ FY PAT 2007 (based on 3Q 2007) - 125,466,666, a 38.4% loss from PAT 2006

EPS- EARNINGS PER SHARE(KOBO)
2002 31K
2003 22K
2004 43K
2005 82K
2006 116K
PROJ EPS 2007 71K

DPS- DIVIDEND PER SHARE(KOBO)
1997 25K
1998 25K
1999 40K
2000 40K
2001 25K
2002 25K
2003 12K
2004 25K
2005 30K
2006 40K
PROJ DPS 2007 (ASSUMING A 48% PAY OUT OF PAT)- 34K

COMPANY'S NET PROFIT MARGIN ie PBT/TURNOVER
2002 11.34%
2003 6.53%
2004 10.64%
2005 13.3%
2006 16.3%

NET ASSETS PER SHARE
2002 160K
2003 170K
2004 188K
2005 239K
2006 315K

FULL YEAR RESULTS HISTORICALLY RELEASED BEETWEEN APRIL AND JUNE

Looks like they will lose money base don this year's proj PAT compared to last year's Full year PAT but note that in 3Q 06 they had only 57.8m PAT and ended the yr with 203.7m.
it is believed historically that they make most of their profit in the 4th quarter with the students returning to school. Lets hope that is the case still.

C-I LEASING

Incorporated 28 Dec 1990
Listed on NSE Dec 1997

Year End - January 31st

P.O & Rights offer - 1999
P.O - June 2006

Outstanding shares 1.6Billion

Share Holding structure: over 40% owned by institutional investors
OUT Consortium Finance Ltd
Leadway Assurance
Crusader Insurance
Credit Alliance Finance Services
Continental Reinsurance Company
UBA Trustees Ltd

Core Business:
1.Finance Lease services - Consumer and corporate Clients. Cars, generators,Air Conditioners, Computers, TVs, buses office equipment etc
2.Rentals - Cranes, forklifts, bulldozers,tugboats, fuel barges,trailers, tanker vessels, etc
3.Car Rental/Transport Solutions - Runs Hertz rent-a-car franchise in Nigeria. Now added Hertz Haulage and Hertz travel
4.Car Distribution - wholly owned subsidiary C & I Motors, Authorized distributor of Suzuki cars in NIgeria. Now building an ultra-modern distribution & servicing network for the sale and servicing of all Suzuki cars in Nigeria.
5.C & I Outsourcing - Takes care of Personell outsourcing, security services, HR Consultancy/Recruitment
6.W.A.P - Wholly owned W.A.P Distribution Limited, a paper distribution business being set up.

Gross Income: PBT PAT PBT MARGINS (PAT/GROSS INCOME) PAT MARGINS
1999 156,870,000 44,012,000 38,244,000 28.06% 24.38%
2000 236,273,000 63,200,000 55,896,000 26.75% 23.68%
2001 346,182,000 83,391,000 72,181,000 24.09% 20.85%
2002 608,150,000 55,942,000 44,853,000 9.20% 7.38%
2003 941,698,000 93,909,000 82,143,000 9.97% 8.72%
2004 1,284,758,000 122,061,000 109,604,000 9.50% 8.53%
2005 1,166,860,000 112,199,000 95,649,000 9.62% 8.20%
2006 1,339,977,000 119,481,000 99,310,000 8.92% 7.4%
2007 1,585,625,000 164,737,000 134,122,000 10.39% 8.46%
2008 353,000,000

EPS (Earnings per share)
1999 32K
2000 23K
2001 30K
2002 19K
2003 34K
2004 27K
2005 16K
2006 17K
2007 8K

DPS (Dividend per share)
1999 15k
2000 10k
2001 15k
2002 10k
2003 15k
2004 10k
2005 ?
2006 ?
2007 0k

ROE (Return on Equity: Net Income/shareholder's Equity)
1999 38.01%
2000 21.27%
2001 24.15%
2002 14.02%
2003 23.20%
2004 26.25%
2005 21.30% (need confirmation)
2006 20.33%
2007 8.2%

I had always thought this company was very good but for me it didn't really stand up to closer research.

Looking at their Profit margins, they are erratic at best and even on the poor performance side at times. They may be losing ground to competitiors or companies are just buying their own stuff instead of leasing.

Management for me not too good at deploying their capital going by the ROE either.

They did do well in the 3Q '07 and they have added the proceeds from their last P.O in 2006 to their bottom line in 2007 so i think the money is beginning to yield results

The other good thing they have going for them is that they are the only ones listed in their sector on the NSE ie the Leasing sector.

The choice is yours fellas and i hope this little research helps u all in making ur decisions but me personally, i will be holding off on them for now cuz i don't think they are as fundamentally sound as i had thought.

happy investing.

Man U 4 life!

FatherOF2:

If you remember well. I was made a challenge to it sometime ago. Its good alright. But its skews your perspective in looking at the real direction of where a stock is heading.
When a profittaker attacks today, candle will tell you by close of the day, and many will react next day. But that may not be the true picture.
Its like embarking on a journey.You may have a blown tyre or something,but you'll still change it and make your way to your destination.
For me overtime, i have averaged short term to between 0-3months(sometimes a little more or less), within this time, a good stock must act. That is short term. But the wan when traffic light go dey change from red to green to yellow daily, that na ULTRA ULTRA SHORT TERM. I think i prefer to sleep well on a daily basis.At best if you want to have a view of stock, give it like 2weeks to understand its behaviour particularly if you were well positioned from the start.

. What challenge might that be FOF2?

I do not see how candle stick charting skews the view on any stock investment actually, if anything it makes it clearer. U may want to learn to use it sometime.

Understanding the tenets of the whole of TA should inform the investors decision and not one indicator as i am sure u are aware (or at least i hope u are). It is always advised to base decisions on at least 3 or 4 indicators and if u don't like a particular indicator that shouldn't make it bad or unusable should it?

I do not think it is necessary to go into the benefits of this particular tool but its there for all to see.

As Tesco says "every little helps" and in the case of candle stick charting it is not even a small help sef!

By the way, its good to be back.

transcorp

transcorp

Salvage:

@Aktopgun

I really really have to learn this candles analysis.

Have been postponing getting down to learning it but its working for others.

_{Thinking "I have to burn the candles at both ends to sturdy this one fast"}

will be organising something soo. will keep the house informed when ready

unity bank

HEADS UP

TRANSCORP SHOWING SIGNS OF SLOW DOWN TODAY!!

FIRST ALUMINIUM IS COMING DOWN REAL SOON. _{too tired to post the chart jare}

Unity Bank

niwicable fellas

unitybank - needs green candles

FatherOF2:

Ahhhhh, Brother AKTOPGUN, I officially welcome you today. How life now.
My spy doves when dey fly over Desert dey give me secret info on your activities oh. Keep it up.
Well done.

e ku ise FO2. nice one. i dey watch in the shadows as usual and i no far at all.

well done.

U dey hear from that man ololufemi at all?

first aluminium

transcorp

eternaoil

oceanic.

abc

@beginner

Fidelity. i think thats all the questions asked isnt it.