₦airaland Forum

fellas
thought u might like to see this, its new to me.
anyone got more info pls share

this is from champion newspapers
9 October 2007
Posted to the web 9 October 2007

Lagos

Joining the list is Crusader Insurance Plc which said that it has secured the approval of its shareholders to raise more money from the capital market It would be recalled that Crusader Insurance Plc was one of the insurance companies which public offer last year was successful.

The company had said that the new move was part of its growth strategy which would enable it pursue its diversification project into other financial services.

The approval, which was part of the major resolutions at the company's 37th Annual General Meeting, held in Lagos, included the resolution to increase the authorized share capital from N4 billion to N5 billion by the creation of two billion ordinary shares of 50 kobo each raking with existing shares of the company.

Shareholders also gave them the nod to issue by way of public offer for subscription and or right issue at a date and upon terms and conditions to be determined by the directors as well as to merge with or acquire the shares, assets, liabilities and undertakings of any financial services company or allied businesses subject to such terms and conditions as may be determined by the board

yeah, heard the gist about the new plant etc but shouldn't they be seen to be returning to some sort of profitability first before we jump in (assuming one does jump in)?

they've been dismal in the last 3 yrs and reported losses up till 2005. but i'm still sceptical though on the back of 2-3yrs straight of losses

definitely one to watch i guess

will probably wait for FY results

roughcut, any gist on ikejahotels then?

easimoni, what say u?

@ roughcut

i've heard so much about this P.O i'm beginning to wonder if its not a red herring u know

the rumors sure are helping the share price though.

Any reason i should be looking at ikeja hotels and dunlop roughcut, any news/gist

what say u?

guys guys guys

wema is great but the horse has bolted and for those of us who were on it when it did, enjoy the ride

to pumping, easimoni, roughcut et al,

been looking at dunlop , stock price in free fall since the highs recorded in post tech susp. bull run.

Are they a turnaround, or is there something i'm missing about them? what gives?

And whist we're on the subject, what about ikeja hotels that tickles the peeps in the house?

please enlighten a brother ageg fellas!!!

any news, results and info would be greatly appreciated

thank u fellas

right on roughcut

viv la wema!!

only bother is when will it all cease!

any ideas

by the way, looking at DUNLOP over the last 9 months following bull run (post tech suspension for offer in oct 2006)

its been in free fall mode since the high in feb 07

where there's smoke there's fire?

is there any news out there to suggest otherwise, anyone?

pls enlighten a brother

@ roughcut
yeah i saw their results and they were disappointing
i'm not buying them yet but theyt are one to watch
they've been good the last 5yrs or and can be forgiven for a bad quarter.
the worry is if the trend continues into full year results

my bubble remains intact or have i misunderstood, were u talking about wema?

hey fellas, anyone watching WEMA?
i can't stop smiling really
Nig stock market never ceases to amaze me
here is a company that only a few days aago released results for the first time in 2-3yrs and its just stepping higher and higher
wonder when this suspect ipo is coming out sef

na wa 0!!

rumors are rife about a P.O coming soon but no certainties.
they released interesting results recently
the fear is that they are pushing up their share price so as to offer the p.o at a high enough price
no idea when the T.S will begin but guesses for last week have so far been proven false
they will probably wait till fcmb, zenith finish their P.Os

@tonyjon

why do u think bedrock is a good fund?

i hope u don't mind my asking

hello people .
Gurus, et al, I HAIL
i'm wondering why people like DINLOP so much all of a sudden, am i missing out on something?

Does anyone have any news apart from the new factory they've built to share?

any results and analysis?

waiting with baited breath

by the wY IN CASE ANYONE IS INTERESTED, AIM ALL GUNS AT CRUSADER, ITS AN INTERESTING ONE, i own 40000 and plan to but more at the N4.01 price. Fundamentals are holding up
As for WEMA, it now constitutes 20% of the value of my portfolio, so as u can imagine i'm ecststic

anyone know when the much awaited bank phb p.o is planned for release?
any guess-timates on the proposed offer price

the share price will drop once certs are released surely

fidelity seems to be a loooooonnggggg term thing so if u are the patient type go for it but based on their own prospectus i would say they are a cautious buy if at all.
having said that i have asked for a small number of units frm my broker cuz of the risk
proj eps -0.24
proj pe- 50.82!!!!!!!

current eps for 9mths 2007 -0.21
pe ratio based on offer price for 9mths 2007 38.61

fooooooddddd for thought aint'it!

now looking at these figures just sent an e-mail to my broker to ask if i haven't been foolish buying this instead of FCMB

qiute right H-town.
LASACO is a medium to long term gig
so for the peeps who own it, hang in there
i alredy own 40 big ones of crusader and if i look at its daily gyrations since i bought it i would have hurt someone by now, but i know it will go up basd on their fundamentals which look quite good.

so ride out the waves and u'll be alright

teemon, tell me
is the N24,000/month payment for the land?
after that is fully paid for, is there a company that builds te homes or is it the individual land owners?
who exactly is selling this land and when will u get the c of o, after 15months?

many thanxs

POINT TAKEN. THANKS

I WILL BE ON THE LOOK OUT FOR THE BANK PHB PO. I JUST HOPE IT WON'T TAKE FOREVER FOR ALLOCATION AND VERIFICATION TO HAPPEN.
IT MAY BE DIFFICULT TO GET ON THE FLOOR BUT WILL ASK BROKER TO CHECK FOR ME.

I'M BUYING CUTIX SOON AS WEL. ITS CONSISTENTLY POSTED PROFITS FOR ABOUT 5YRS IN A ROW NOW AND HAS RECENTLY DONE A 1:1 OFFER AND PRICE NOW DROPED TO N8 RANGE. ANY GISTS OR THOUGHTS ON THEM

NO NO NO ENOUGH SAID. I GET THE PICTURE

BUT BANK PHB ARE ON SUSPENSION ARENT THEY? DO U MEAN BUY THE PO WHEN IT COMES OUT?

HOW DO U FEEL ABOUT ACCESS BANK THOUGH?

SO U GET UR INFO BY WORD OF MOUTH OR U HAVE ACCESS TO ANNUAL REPORTS(DO U BELIEVE THE FIGURES IN THESES?) ?

BY THE WAY, I THINK ACCESS BANK LOOKS ATTRACTIVE WHAT DO U THINK?

i own some of diamond already too, do u think its a good price to buy more ?

I HOLD 18OOO UNITS.
AS OF TODAY, HAVE MADE 23.23% ON IT.
ITS MY BIGGEST PERFORMER.

KINDA WEARY OF ALL THESE IPOs CUZ IT SEEMS TO TAKE AGES FOR THE CERTIFICATES TO BE RELEASED

WHY DO U FAVOR BANK PHB BY THE WAY AND PRAY TELL HOW U GET THE FIGURES FOR UR ANALYSIS ALL THE WAY IN ZURICH
I LIVE IN LONDON AND SO FAR ONLY NIGERIANSECURITIES.COM AND PARTLY CASHCRAFT(NOT UP TO DATE I THINK)

TELL! TELL !

THANKS MAN.
SO SAY I DECIDE TO BUY FROM THE P.O AT A HYPOTHETICAL PRICE OF N8 WITHOUT SELLING MY CURRENT HOLDINGS TILL THE BULL RUN STARTS ( USING SEPARATE FUNDS WHICH I ALREADY HAVE, TO BUY INTO THE P.O) DO U THINK THATS A FAIR DEAL OR EVEN SMART MAYBE

guys any idea where i can get accurate info on P.Es, EPS, Latest PAT etc on nigerian companies

HEELLLLLLLLPPPPPPPPPP PLEASE!

hi roughcut thanks for all your input
i would value what u think about holding wema shares till after their IPO closes and sell during the post IPO bull run.
what do u think?
is there a fear the price is going to plummet soon or am i getting the wrong vibes with the selling orders being suggested
really appreciate ur thoughts and those of other contributors on this

thanx

thanks man but no thanks. not my cup of tea

Any one feel like responding to my post on Cutix

would really welcome your insights fellas

thanks roughcut
yeah, they have recently done a 1:1 share reconstuction and are now trading just over 8 naira
recently posted a pat \for year ending april 2007 and is on my stock watchlist
may be worth buying into it noe even or what do you think
seems like they've managed to increase profits steadily over the years
it is a seriously overlooked stock i think cuz it is traded in the 2nd tier market
see this report man:

For investors and shareholders of Cutix Nigeria plc, the sterling performance of the company's shares at the Nigerian Stock Exchange (NSE) in recent times has been deligh.
Ever since the company declared one for one bonus and 12 kobo dividend, its share price has rallied to a high of N22.91 kobo per share as at Thursday September 13, 2007, as more investors seek to be part owners of the Nnewi based Cable Company.

The story of Cutix Nigeria plc is an example of how an indigenous company can grow if given the right incentive and environment to operate. Faced with a lot of difficulties in its area of business, Cutix Nigeria rose above all odds and posted an outstanding performance for its financial year ended April 30, 2007 to the admiration of investors and stakeholders.

To celebrate its arrival the company magnanimously declared one for one bonus alongside 12 kobo dividend for its financial year ended April 30, 2007.

Cutix in its recent financial year recorded profit after tax of N121.7-million representing 124 percent rise when compared with N54.32-million recorded in the same period of 2006. Also during the period, turnover rose to N1.1-billion as against N714.2-million recorded in the comparable period of 2006.

For investors who don't know the price history of Cutix, the company is quoted in the second tier sub-sector of the equities market of the NSE; it has been the most active in the stagnant sub-sector. Its share price has grown by over 538 percent from a low of N3.42 kobo per share to a high of N21.82 kobo per share between January and September 2007. Apart from that, shareholders of the company have been made to enjoy steady income through cash dividend payout.

In the past five year the company has not failed to pay dividend to shareholders as at when due. In 2006, it paid 10 kobo dividend from earnings per share of 40 kobo, in 2005, it paid shareholders 10 kobo dividend from earnings per share of 18 kobo.

In 2004, Cutix paid shareholder 10 kobo dividend from earnings per share of 20 kobo, while in 2003, a dividend of 10 kobo was also paid from earnings per share of 17 kobo.

Cutix Nigeria plc manufactures electrical cables, and was incorporated in 1982 and listed on the Nigerian Stock Exchange (NSE) on August 12, 1987

GURUS AND ALL THE GUYS IN THE HOUSE

BEEN LOOKING AT CUTIX

I KNOW, U ALL PROBABLY SAID, WHO?
CUTIX !!
IT REALLY LOOKS INTERESTING ON THE FACE OF IT AND EARNING ARE GOING UP
ANYONE GOT ANY MORE INFO OR IDEAS
WOULD LIKE TO KNOW WHAT U ALL THINK

any idea mee25 what their outstandins share are and will be after this allotment?
this means EPS drops and PE rises
Possibly making the stock price to do a woopsy in short to medium term?

do u know how long ago their PO ended mee?
i cant remeber and are u saying they still haven't alloted them?
thats odd and kinda unbelievable no?
will it mean a dilution ie more mouths to feed so to speak do u think

yeah but really what will this do for the share price and really how much can it do

SORRY THE LAST LINE OF FIRST BANK'S RESULTS SHOULD READ PAT not pbt
so sorry

hey guys check out first bank's half year results, interesting no?

FIRST BANK OF NIGERIA PLC UNAUDITED HALF YEAR RESULT FOR THE PERIOD ENDED 30 SEPTEMBER 2007


2007 2006 CHANGE % CHANGE
N'b N'b N'b N'b

Gross earnings 65.646 40.422 25.224 62.40

pbt 19.042 13.174 5.868 44.54

taxation 3.999 -2.944 -1.055 -35.84

pbt 15.043 10.230 4.813 47.05


ANY TAKERS FOR THIS ?