₦airaland Forum

nkc:
@aktopgun,
thanks
so i should pull out then, entered at 5.2, d first time  i asked u about it ,today is 6.99, u advice i jump out, caveat empty and well, or do u have a price i shld look at, don't worry, just yur opinion, cave at temple

it would all depend on what u wanted to achieve with it when u bought. what time frame were u buying it for? has it met ur set target? are u willing to wait for it when it does drop? if u sell now, will u be making a profit at a level acceptable to u and if not, do u see it appreciating to ur exit point and how long are u willing to wait for it to get there?

having said all that I would lock in some of the profit and leave some to simmer and percolate there for when the results are out.

rasputinn:
@ AktopGUNNER

how you see the match?I was thrilled.Congratulations

u should know my persuasions by now rasputin. I DO NOT SUPPORT "THAT TEAM". just to recap them for u

ManU4life
obama4president
investnowinvestwiselyinvestwell
there is wisdom in a multitude of counsel
jesusrulz

@ nkc

how time flies ehn.

i mean it will likely drop some in the coming days. its a turnaround company and has ridden on the back of that story till now. the year end is dec 31st i think, so its very possible that any anticipated profits have been worked into this price rise already in anticipation of the results. in the short term it will likely drop from what i can see from its chart

dunlop looks to be coming down

pumping777:
I saw a post that alluded to that but I'm not sure that is what the poster meant.

I think the only time you can use this to tell if a stock is on net bid is if it opened and closed at the highest price of the day and the lowest price of the day is also the highest price of the day. Aktopgun, which candlestick be that sef? The reverse is the case for net offer.

Some will argue that if the highest price of the day is the same as the highest price of the day, this is sufficient to say the stock is on net bid but I think there are situations in which this will not be true.

A better way is to use the UBA daily stock position that is posted here for us by Naijadr and NBA. Thanks guys.

@pumping

A doji candlestick is what u are referring to from ur description- opening and closing price are the same or within 1/1000th of each other

crazyT:
@temmie10

You remember us today, hope all is well sha?

@Aktopgun

I hope say you see my hailling? Good to see you're back

@crazyT

omo i saw it thank u. i hope all i well. i wish u'd waited on unity but u might have to wait it out now. its all good

mastermove:
Dear Aktopgun please share your views on Japaul-- do u think its worth buying as it sheds blood or has the best deals already been done

i  think it still has some upside but not based on fundamentals. it may swing back up in the next few days if u believe in looking at charts. if it closes higher today[b] i [/b] would buy.

all caveats apply.

endure:
Uncle AK,

D babe say she never buy shares before. I don't think she would even

unstan what the prospectus of an IPO is talking about.

I think she just needs your candid advice.

u need to start from somewhere. read the prospectus and the part u don't understand, by all means ask.

ritapearl:
I havent bought shares before and would like to start with this Daar Communications own.

Please i need advise, is it a good deal to start with. I asked a colleague of mine who is into shares and he said Daar may not do well in the market.

My boss is also into big time shares, right now he isnt bought Daar shares yet.

Should i go ahead and buy?

read the prospectus first

@wanajo

i was referring to ETI and why i think the interset in it isnt as it should be but see that change now that its been talked about here

@wanajo

it is high nominally speaking in price in the eyes of the ordinary man. at over N230, people see the N2.3m they would need to get just 10000 units as a lot of money to put into one company. besides, its not as liquid as others even if fellas want to buy

afamako:
@AKtopgun

se make i kuku help you spell your full name and work address as everybody don know am now? On a serious note, don't you think you are over exposing yourself for a faceless forum?

@afamako

point taken, but cuz the guy has the same surname as me doesnt mean i know him does it. the name is quite popular as it is and i would love to attach myself to such people.

also, my full name isnt on this forum is it? even my work address.
however, i take ur point sha. i hope say i never offend the assasins amongst us. make una no vex o!

@roughcut

a green closing marubozu is a bullish candle but u are right that a correction is coming soon i think( cuz if we use NSE prices, na dragonfly doji the thing form! i believe the NSE site till proven otherwise)

on the nig sec website o, it still records this ( i am a bit distracted today, pls excuse me)
opening-6.12
low-6.30

see the discrepancy? this is why for now i would go with the NSE website till otherwise proven

it seems they have done some corrections on NIGSEC.

opening-6.12
high-6.42
low-6.30
closing-6.42

this would produce a grreen closing marubozu

dont trust these prices yet. wait for the nigeriansec.com to update theirs. the one they have now will surely be updated in a few hrs cuz if u look at their dunlop there is a discrepancy

they report the opening price at 6.12 and say the low for the day is 6.30

on the NSE website itself, it says dunlop opened at 6.42, closed at 6.42 with a net change of .30 based on the friday closing price of 6.12

the prices will change. the only thing i can deduce is that the closing price for the day appears to be the 6.42. opening, high and low prices need updating

this is sheer incompetence on the NSE's part though

@samstone

http://www.gapbridgemfb.com/

i noticed that he has my surname as well

RoughCut:
Done!

done!

aktopgun:
not too keen to post it on here. is there any other way to get in touch maybe. i see your YIM is hidden as well.

try this one, its an old e-mail addy but i will check it just because of u  . email me asap(now preferably)

@roughcut
seunarasilk(at)yahoo.com

RoughCut:
Homeboy no 'Aggro'! hit me with your e-mail addy again i will shout out to you whenever i'm in the UK

not too keen to post it on here. is there any other way to get in touch maybe. i see ur YIM is hidden as well.

try this one, its an old e-mail addy but i will check it just cuz of u . email me asap(now preferably)

RoughCut:
You share the same surname with the CEO/MD are you guys related?

@roughcut

no comment.

Naijadr:
@ AKTOPGUN, doc how far, I'm about to check out and go into a state of thanksgiving, I'll lift Tobe up in praise, and stir up the Spirit to keep hovering over him.

thank u so much girl. i really appreciate u and all my fellow nairaland fellas and fellettes.

much obliged. testimony on its way this month. watch this space.

thanks again

contactuzo:
AKTOPGUN answer me naa>>watchya think of ECO BANK?

by the way, i still have a day job as well and will unfortunately not be able to provide instant responses to ur posts.

contactuzo:
AKTOPGUN answer me naa>>watchya think of ECO BANK?

BROS,

as far as i know, its still on TS isnt it? their merger with sterling bank has fallen thru last i heard. are u trying to load up on it with the hope of a post TS run?

WHAT DOES THE HOUSE THINK OF THIS COMING PRIVATE PLACEMENT? I KOW THIS BANK JUST GOT INTO A DEAL WITH THE LAGOS STATE GOVERNMENT ABOUT ITS MICROFINANCE INITIATIVE CALLED LASTMI.



Private placement: Gapbridge Microfinance targets N500m capital base  | Print |   E-mail  
Written by Micheal Ebo    
Thursday, 21 February 2008  
Gapbridge Microfinance Bank has disclosed its plans to shore up its capital base from N150 million to N500 million through a private placement that is scheduled to commence before the end of the current year.

Speaking in Lagos on Tuesday, the Managing Director/Chief Executive Officer of the company, Mr. Kunle Akeju disclosed that  improved capital base would put the company in a better position to take advantage of opportunities in the Nigerian economy and to undertake big ticket transactions.

He said, “The size of the Nigerian economy is very large with enormous opportunities in every nook and crannies of the country. This presents lots of opportunities for micro finance banks in the country. Presently we have a capital base of N150 million and we are planning to increase it to over N500 million through a private placement before the end of 2008.”

He disclosed that the company in the nearest future plans to open branches in every local government area of the country so as to take its services to a large majority of Nigerians.

He further stated that Gapbridge  intends to be the dominant player in the Nigerian micro finance industry in the medium to long term and also the number one microfinance bank in West Africa. The bank was among the five micro finance banks short-listed on merit by the Lagos State government to commence its recently launched micro finance scheme for indigent men and women, especially artisans at the grassroots among others.

The scheme which will be administered by the Lagos State Micro-finance Institute, with the state government setting aside N250 million to be disbursed through the micro finance banks, seeks to provide credit or loan facilities directly to borrowers at an interest rate lower than the prevailing lending in conventional banks.

The aim of the project by the Lagos State government is to empower majority of Nigerians, create wealth and reduce the level of poverty in the country.

Mr. Akeju commended the Lagos State government for giving it the opportunity to be a part of this laudable initiative that is geared towards alleviating the menace of poverty. According to him, “The provision of micro finance to the populace does two things, first, it helps cater for the poor in our society and secondly, it gives the people who are interested and capable the platform to implement their ideas. The first, social responsibility and the second economic growth.”

He urged all stakeholders to come together and strive to entrench financial freedom and good social welfare in the economy which is beset by high level of unemployment, illiteracy, brain drain and a nonperforming  real sector.

He commended the Lagos state government for its efforts at making the state one of the most visible, financially independent and socially responsible states in the country and the world in general, and also  for concentrating all its activities towards the alleviation of poverty through microfinance.

“We believe that with a proper framework, proper performance matrix and good corporate governance, in the not too distant future we will come together again like this to celebrate the success of such a wonderful initiative with Lagosians being the ultimate beneficiaries,” he added

@izon

just tried it again without the "e-mail" infront of the name and it seems to have gone through. it hasn't bounced back yet so far. check ur mail box

Izon:
Aktopgun,
With much respect to you on all advise and tip to this great site, be kind enough to holla08052532121 me or e-mailvickyuti79@yahoo.com, need to ask you a question. Fellow nairalanders, take no offence, the question isn't anything to raise dust about. Happy investing.

girl ur e-mail isnt working. my e-mail to u just bounced.

if its a question u can ask on here, go ahead & i will answer. U will probably get better and more varied responses as well. if u still want to communicate otherwise pls repost ur email in this format: xyz(at)yahoo.com and i'll reply as soon as i can.

i got this from nigeriansec on saturday in reply to my query. it seems they are doing their best and as usual the issues stem from the NSE

Thanks for the close eye you keep on the results published.

The final results published by the NSE showed exactly what you observed on our website. You will observe that the 40 Kobo loss which translates into a 7.42 % loss is what  is reported on other sites such as nsepro and trw stockbrokers. I have also attached a copy of NSE's results available as at  about 5.00am on saturday UK or Nigerian time. This differed from what our system found and pulled at 2.00am your time.

NSE we learnt had some technical problems which may have lead to ABC transport trading beyond the 5% maximum appreciation or depreciation any stock can do in a day. This same problem was why no other site but ours was able to get interim results earlier in the day. Based on our experience, we have increased the frequency of our checks on the NSE's system ensure all changes are incorporated.

See attached excel spreads showing the result obtained at 2.00am and 5.00am respectively. You will observe that the prices for ABC differ at both times and at both times are over 5%. Also, the closing price for dangote sugar you see differs as you will observe with some other stocks in both instances.

We just want you and other subscribers to know that we have your backs.

Thank you. We will be glad to know your thoughts.

Regards

NigerianSecurities

@elemu

my take on eterna as u asked. caveats apply

the nig-german chart sine the price update

LondonCool:
@Aktopgun,

You never sleep ? I beg check your Candlesticks for Dunlop for me

omo i dey chill jare.

dunlop do dragonfly doji today wia not so long shadow but a dragonfly nonetheless. its been in an uptrend so it would suggest some downturn in the short term. its still good for long term as i'm sure u know, its a turnaround company.

for the short termers who bought CCNN i hope u'all sold today or better still yesterday

small gist to chew over hte weekend for my fellas and fellettes. Did this a couple of weeks back. finally decided to post it

NIGERIAN GERMAN CHEMICALS:
44yr old company started in 1963. Previously HOECHST NIGERIA. Changed to Nigerian German Chemicals in Feb 1995. Manufacurer + distributor of pharmaceutical,consumer products in healthcare,oil&gas industry. Market leading brands-daga,benylin,abidec,Tabalon.
Qouted on NSE in 1979
CEO-ADEBOYE SHONEKAN.Formerly with IFC, made CEO April 1999

Outstandin shares- 153,786,012
Year end- Dec 31st (1Q March, 2Q june, 3Q Sept, 4Q Dec)
Market Cap- Outstanding shares*today's price (do the math )
Registrar - City Securities Limited

1991- !:4 bonus
1992- Public offer - fully subscribed
1996- Rights issue
2001- 1:6 bonus

BUSINESS: 4 Divisions
1. indusrial chemicals- least profitable. actually losing money
2. ethical pharmaceuticals - most profitable
3. Consumer chemicals - 3rd most profitable.
4. Oil field chemicals - 2nd most profitable. added in 2004 (NGC Oil Services Limited)
NGC dropped the Agrochemical division in 2004

NGC owns shares in UNIC insurance, bought at N182,000,000 market value for 140,000,000 shares in 2005

OWNERSHIP: Wholly owned by nigerians
Volker securities & investment limited owns 56.63% as of dec 31 2005
Nigerian social insurance trust fund (NSTIF) owns 10.11% as of dec 31 2005

PAT:
2001- 4,464m
2002- 38,773m
2003- 61,532m
2004- 94,936m
2005- 121,366m
2006- 149.3m
2007 (proj)- 193.07m (based on 3Q result of 144.8m)

ROE
2004-8.95%
2005-10.8%
2006-13.2%

EPS
2001-3K
2002-25K
2003-40K
2004-62K
2005-79K
2006-97K
proj eps-1.255

Dividends(annual):
no dividend payment 2002,2003
dividend 2004- 30k
dividend 2005 - 35k

Dividend per share
2001-0k
2002-20k
2003-30k
2004-30k
2005-35k

Net assets/share
2001-642k
2002-648k
2003-658k
2004-689k
2005-733k

PE RATIO-
current- 32.4
projected- 29.245
please say if u have differing figures for this

hope all this helps ur decision making processes