₦airaland Forum

pumping777:
My guy, I no dey discount your analysis o. Not at all. Nobody fit dey spot on all the time. Dat one na one a lighter note. I no wan make you no give us your analysis again o. Abeg jare. 

hacker777:
@aktopgun
abeg hacker na freeman o, don't be scared.

hacker777:
people, hw is it going to be that some companies are listed for investigation while we all know who and who be culprits. abeg na naija we dey.
make we just dey careful enough to protect our hard earned money.
abeg make nothing do eternal and afroil,  else someone is going to cry.
one love.
scoa seems to be on the move, abeg wetin dey push am?
bye for now

LondonCool:
@Aktopgun,

Nice dialectics on Candlesticks, but don't forget to credit your source of information which undoubtedly is lifted from stockcharts.com (I had a clash with Seun over this issue last year).

wanaj0:
Thank you my brother. That's why I said buyers should beware!!!!!!!

Abeg, no be my contact OOOOO!!!! Do your due dilligence. CAVEAT EMPTOR

Don't see the fuss here. Though the guys are suspect, they still have the right to sell their shares in Cadbury. Don't see anything untoward in the people concerned lodging their certificates with CSCS.

As per cadbury, as long as una still dey drink Bournvita no shaking. See Cadbury rising now. Quite a number of people did panic selling. See how high the price has gone. Never really liked Cadbury but will not fault anyone that is holding on to it LONG term

As expected. Na the N1tr capitalisation dey push the thing up. Note that it is not however going to the N40.00 mark again!

Mr. Risky:
Let me explain.  I met my town's man yesterday and we got talking.  Then he said, "I heard you are heavily into stocks?"  asking.  I answered "well yes".  And we went on discussing.  I was now trying to prove guru by mentioning PE, EPS, Candestick or is it candlelight, guru maharaji etc.  You know.  And he asked "What is PE, CAGR?" He was sincere in his query, he has never heard terms like that before, meanwhile he just made his MILLIONS from Capoil.  He said he just took a look at the stock prices in the newspaper and saw that Capoil was very low priced.  So with N500,000 he went in and the price started shoooooootiiiiiiiiiiig and he got his millions .

Well you will say it's God, but my own na devil??

dollyp1cute:
Discussion of this development takes place on The Money Show of This Morning on AIT (local and BSkyB - Europe).
********************************

In the first of apparent moves to re-instill public confidence in financial reporting, SEC has ordered the freezing of accounts of the sacked management of Cadbury Nigeria Plc.

This is coming on the heels of recent disclosures about the financial reporting of firms such as Union Dicon, NAMPAK and lately Wema Bank Plc.

In its statement yesterday, The Securities & Exchange Commission noted with dismay that while the company's accounts and the affected officials were still being investigated, some of the directors had made moves to dematerialise their shares probably to sell same.

Though SEC said the intention of the people was not known, it, however directed the freezing of CSCS accounts of persons so identified to prevent a pre-emptive sale of those shares.

To ensure that the officers’ shares remained intact, SEC advised the NSE, CSCS and all stockbrokers to be cautious in matters relating to the share accounts of the executives or officers of the company.

Two years ago, the accounts of Cadbury were discovered to have been overstated to the tune of over N5 billion.

In the wake of the company’s mis-statement, the managing director and the financial director of the company, Mr. Bummi Oni and Mr. Ayo Akadiri, respectively, were relieved of their positions so as to allow for unhindered investigation into the matter.

The commission's Statement said:
"It has been observed that some directors and senior officers of Cadbury Nigeria Plc, whose roles in misstatement of accounts are under investigation are now dematerialising their shares and lodging same with the Central Securities and Clearing System (CSCS).

The intention of this is not known. Consequently, SEC hereby directs the freezing of CSCS accounts of persons so identified to prevent a pre-emptive sale of those shares”.

The Nigerian Stock Exchange, CSCS and all stockbrokers are advised to deal with caution in share accounts of the executives or officers of Cadbury."

WATCH THE MONEY SHOW today on AIT with Boason Omofaye as we discuss this developments and more,  Time: 10am to 12 noon.

windywendy:
AKT, how's the little one?

There are no juicy numbers, it's a turnaround situation with all the perfect qualities of a turnaround. Great market potential, new board, much more focussed core investor with tentacles in various other businesses including oil and gas and clean, debt-free balance sheet with substantial working capital to jump start operations. I hate to hype stocks, but this is another eterna/costain story in the making. The only big problem I see with these guys however is the competition from imported cables. But all they need is a couple of big ticket contracts to make some dough. With all the activity going on in the housing, telecom and power sector, these guys shouldn't have problems grabbing themselves some of those contracts, esp. since they have govt-connected peeps on the board. I like this scenario!

wanaj0:
The Starcomms PP is an old story. Changes in ownership scuttled the initial plan. Now even the executives are denying any PP but they confirm plan. Now, I don't believe them!!! they need the PP to do the expansion programme which to me is KEY.

If you get any info, abeg make I know. Na serious leverage man go use enter that one. Na 100 to 1 if possible.

I no fit do charts so wetin man pickin go do!!! Japanese I no sabi speak.

If you see those that bought millions of Guinea Insuarnce @ 0.50 you will know that Levels don change. I mean, a friend collected the application form on the streets of Lagos and that was what transformed his life. Now for those kind of opportunity, hit am well!!!

Chams did a PP folowed it up with a stock split and a 4 to 1 bonus!!! Gaddem!!!!! That is 8 for 1. Just corner like 10m units of that and you don't need to invest again for that year!!

aktopgun:
to the list now.
1. fidelity - gained
2. fbn - gained (sweet  )
3. flourmills - no change
4. ikeja hotels - no change today
5. intercontinental - dropped small
6. japauloil - gained
7. nigerian german - gained
8. okitipupa - don't know yet. trw didnt report it, anyone know?

others mentioned:
crusader - lost as expected
cornerstone - lost as expected
abc trans - lost as expected
continental insurance - dropped small.
intenegins - gained as expected

and the week goes on.
chei, how long can i keep this up for. now i see why i don't have the time for trading, na full time work o!!  

yodiyokun:
So wetin be the koko? But if the big boys are selling - dosent this show a downtrend sign  and not that an upward trend is imminent?

dollyp1cute:
Red may signal the beginning of bear market for the stock but you need to compare with previous pattern i.e. is it an engulfing one in which case you wait for a day or two to confirm.

Candles however are more for short term markets and also signals good entry point for a stock you want to go into for a long term.

@Akptogun mark my answer paper 

Although since Akptogun dey here I no wan read my candles handout again.

aktopgun:
so to speak. yes

LondonCool:
In other words, the Green Candles represent the[b] Bulls[/b] while the Red one represent the[b] Bears[/b]

dollyp1cute:
This thread has turned to something else o

EMA, MACD, INVERTED HAMMER I WANT TO DO THE MC HAMMER DANCE O

My own small contribution, na siddon look I dey no cash to invest.

But if I have more dosh I will go for some fidelity sha, I can't catch with elephant and I think being able to buy more units of Fidelity na me and Elephant go dey laff the same.

The attached may be useful to filter stocks to watch.