₦airaland Forum

i am not sure the bears ever left actually, they may just have been lurking in the darkness waiting for their prey

thanks to this thread i am sure non of us will be their prey thogh.

i'm still hopeful fro a real "bull run" in 1Q '08

Nigerainsec website has shares outstanding for intercontinental at 18.9 million
don't know if this is before or after the supplemental listing though

don't like all the confusion these listings cause. it makes doing the maths tricky and uninformative

intercontinental gist off stock exchange website


0.98 - eps

26.35 - pe ratio (trailing i believe)

@ roughcut

i hear u man.
just doing some digging on them now, their share price has just about doubled in a year

they are strong from everything i've found out about them and are positioning themselves for growth.
i like all the noises they're making.

maybe i'll take ur lead and welcome my son to the world with intercontinental shares when he's born in 3 days time      

intercontinental actually went beyond thier previos 52wk high of N30

interesting.

i smell something me thinks or am i just blessed?

@ roughcut

bet u £50 wanajo is lurking somewhere now.
he has this nack on giving such astute input on companies i wouldn't be surprised if he pulls the brakes on Cutix

Bros wanajo where art thou? any insights

@roughcut

cutix are doing well as i thought they would.

i am sorry i didn't trust my initial conviction and go in earlier but sha, its never too late!

they are mine for 2008 and probably beyond, not sure if they'll be around by the time my kids are around for me to pass it on to them though!!      

@ mr risky

i'm so sorry

didn't mean to ignore u but between seeing patients and writing on this thread and gathering info on the companies i've been talking about i haven't been able to get anything on air services or rt briscoe other than whats already out there

i'm sure the fellas in the house will answer shortly if u're nice to them    

@roughcut

amn i am still cahsing that gazelle of a stock called redstar my brother.
the thing is going in leaps and bounds. i bet they are sorely tempted to go on TS soon ask for a nice price for their IPO.
Just hope that broker of mine comes good before then

na wa o!

whats wrong with diamond bank
?
they cant seem to sustain a bull run to save thier lives

thy are skewing my portfolio!!!

and intercontinental gained despite the supplementary listing

its a strange world simon says!!!

first bank lost N2.33 today

@ texazzpete

love the user name man, fantastic!! why does it sound familiar? i know where i know it from but i wont tell

about ur question, the bros have done a lot of work on this on previous pages and names like access, diamond bank, bank phb (IPO) AND fcmb public offer are but to name a few. Nig-german chem may be too high for now but good for long term. Unic insurance is fair at the current price i think.

i'm sure u'll get more responses on this though so keep reading.

love the name man!

@ roughcut

ah! i see ur point man.
as soon as i'm home in the evening i'll try to dig it up
but if i remeber correctly, the reason given for the sharp drop in theri share price was the split

as i said i'll look into it asap

JUST FOUND THIS FELLAS

SUPPLEMENTARY ALLOTMENT LISTED
INTERCONTINENTAL BANK PLC: WE HAVE TODAY LISTED ON THE OFFICIAL LIST OF THE EXCHANGE INTERCONT SUPPLEMENTARY ALLOTMENT OF 537,281,740 ORD.SHARES AT N13.50 PER SHARE AND A RIGHTS ISSUE OF 12,170,791 SHARES AT N13.50K P/SHARE.


NO wonder they are taking a bit of a hit. i am still hanging with them though

i was just wondering, if we all agree that we are well into a bul run now, are we still expecting "a rebound" in the market in the 1st quarter of 2008 or have the bulls come early then?

it was a reverse split of 4 for 1 unless i'm mistaken. so thier shares outstanding has risen but need to search for the numbers again but i'm not at home yet
will let u know once i have the figures again for sure

@roughcut
u are right about the double top thing and it was beween 17th sep and 10th october but their share price was marked down for the split they did don't forget and fundamentally speaking it is a largely profitable company with room for growth and their own niche in the market (eastern nigeria i believe)

i thin they will do well medium and long term as long as profits improve nad remain good

thanks for the observation man

anyone following cutix?

chei, e be like say this horse don bolt o!!

anyway its been profitable for the most part apart from their last result an is fundamentally sound

just asked my broker to chase both it and redstar express and he better catch both, if he knows whats good for him cuz i know where he lives

@damacheo

first bank is doing well but it may take a bit of a hit as xmas is round the corner and the certificates are now coming out soon enough for people to sell and have money for turkey and the grandma in the village

it remains to be seen how much of a hit this will be though (i don't expect it to be much given thier results and the continued possibility of the 10billion IIL money remaining up in th air)

to allay ur fears fellas

Why First Bank's share certificates are delayed
( 23.11.07 )

Source: Punch

Investors who were successful in the last hybrid offer by First Bank of Nigeria Plc may start to receive their certificates as from next Wednesday, our correspondent has learnt.

First Bank had offered 1.624billion shares for public subscription at N33 per share and 1.499billion shares as Rights Issue to existing shareholders at N31 per share in May this year to raise N100bn from the capital market.

The offer, which was said to have been highly over subscribed, closed in June and investors have been waiting for their share certificates.

A source in the First Bank said, the delay in the issuance of the certificates was due to the large volume of subscribers? applications that needs to be processed.

The bank had on Thursday advised subscribers whose shares above 10,000 units were not allotted to contact their agents for their returned money warrants, without any mention of certificates of successful subscribers.

However, an official of Meristem Registrars, the company that handled the offer, told our correspondent on phone that the dispatch of the certificates would commence next week.

"Subscribers should contact the agents where they purchased the shares for their certificates as from Wednesday next week," he said.

@ibkn
u are welcome

costain is a turn around and looks to do well in '08/'09

i was waiting for something on them before buying the P.O and now i have it, all systems are go onthem but remeber to class themappropriately in ur portfolio as a turnaround and keep this in focus in terms of your expectations of them.

japaul looks like ti will do well, short and long term as well

why does everyone assume i was referring to fatherof2. he is a brilliant trader and has a system that works well for himwhich i respect totally.
i didnt mention any names in my post but it is interesting that everyone who has replied has assumed it was directed at fatherof2.

i still believe though that if you are going to use his stategy u have 2 options
1. get a hotline to him as every minute counts with his method (or almost every minute)
or
2. (preferred option i think) learn to trade by studying the methods by reading and studying and asking

i just think that the oxymoron of "short term investing" was getting to people's heads. its unfortunate that we hardly ever hear when people get burnt, only when they hit one do we hear and they then think that the methd is full proof.

history tells us from more established markets that methods and projections and extrapolations in any market may work for a time but in the long run, only the wise remain standing (thats me being "self righteous" again as someone said earlier.


We younger investors need to grasp the basics of any system we decide to use before throwing in hard earned cash fellas or we risk our families & children's futures not to talk of ourselves

@ NO SHAKING

THANKS FOR TE GOOD WORK MAN!

@ gurus et al

anyne got anything to say a la costain's offer, is it worth it based on the numbers (i think so) and also thought would be appreciated on the probable phenomenon of a japaul bull run?

@ no-shaking

omo u are tooooo fast, e be like say u bin dey floor o!!

the results are good though i'm a bit wary of the exceptional item there, do u know what thats about

i think the market may have factored at least part of this result into the price and N60 is a possibilty

their share price has been inching upward since the 6th of november

for costain owners and the house in general, what say u all on this?

Costain West Africa Plc, on Friday announced a growth of 93 per cent in net profit for its half year ended September 30, 2007, even as the company intensified plans to revive its furniture and joinery subsidiary as part of the strategic move to broaden its revenue base and deliver returns to shareholders.

The construction firm announced a turnover of N1.5bn, up from N1.46bn, while net profit rose by 93 per cent from N67.64m in 2006 to N130.55m in 2007. Costain bounced back into profitability in 2006 after many years of losses.

The Managing Director of the company, Mr. Philip Wharton, has said that the revival of its furnishing business was central to the company’s growth plan for the next five years.

According to him, the planned injection of funds will be a boost in revamping the furnishing subsidiary, acquire new plant and equipment that will enhance the operational efficiency and service delivery of the group.

“We are in the process of getting final approvals to raise fresh funds from the capital market. Part of our growth and development plan in the next two to three years will be to resuscitate our furniture and joinery subsidiary. The subsidiary will be equipped with the latest technology to produce world-class furniture for the Nigerian and West African markets,” he said.

@my peace

thanks for the correction

which other 2 companies are in their sector please

check this out brothers


The technical suspension placed on Japaul Oil Plc and International Breweries was today (26/11/07)

lifted.


i believe the bull run on japaul may have commenced

I rest my case
as stated, enough said

For 2008, me thinks C&I Leasing, Nig- german and REDstar are stocks to watch based on their numbers, sentiments and growth expectations

redstar did say they were going to do P.O soon after coming onto the market but i wonder if they'll just ride this bull run as far as they can go before goin on TS. IT WOULD DEFINITELY FAVOR THEM!
it would appaer they arent just a one hit wonder or having beginners's luck cuz their performances have been consistent ie profits and they are as listed currently the only coy in their sector meaning they really have free reign and no competition, for now anyway.

i haven't said much in a little while but i've been following the trend closely on this thread and i am really worried speculators are becoming distracting and feeding the unfortunate hunger or should i say greed of young investors.
we are all here trying to share info and learn as much as possible to make informed decisions and take the proverbial "calculated risk" with our resouces.
i am always one for expressing your opinions freely but do not badger impressionable, less experienced investors into taking your advice or suggestions. put forward your arguments and reasons for thinking the way u do and let the other party make their own decisions.

this thread has and continues to be a wealth of information and learning. it is a real credit to all nigerians. lets keep it that way!

lets keep it clean, informative, productive and wealth producing as it has been in the last year (at least up till about 3 weeks ago anyway).

enough said,
lets talk money brothers.

anyone got any any insights into why firstbank is doing so well?

brothers, i've just been doing a little extra digging on my new favorite company, Nig-german

these guys have had the same amount of shares outstanding for at least 9 yrs which is as far back as i can research

consistent profits too

i wish someone had pulled my ears about these guys o!!

anyway its not too late, i'll just be patient till the bulls are locked back in the pen and hit the share hard

who's with me, any figures/ratios on Nig german fellas

chei i don slack!!

@ololufemi

aiico's figures look good and they are reliable (as much as any ins coy can be)

it may be difficult to get on the floor now they are on TS but ur broker could always check.
my experience is that they just say its scarce, whatever that means!