₦airaland Forum

Helo ma people, @ mishoo, pls plunge as much as possible into 1st bank public offer.

Transcorp is highly risky, but the coy along wit 3 other firms just won the bid for port-harcort refinery, wit transcorp owning 5%, this dev wld surely improve the group's earnings on th long-run, so transcorp is a long term-hold, the price is expected to drop wen the technical suspension is lifted.

WEMA is still the toast of investor for the week, the most active stock so far. I believe their full yr figures will stun the investing public. HOLD ur wema pls on the short run and sell if there's a drastric downside in its price.

Ur cscs statement of stock accounts alone stands as a collateral for loans , clearly stated beneath the form, share certificates are too

. Yeah wema is risky, so are all other stocks on the NSE. Wema has rallied by about 150 percent in its current campaign. Not my best stock though.

Helo ma people!!! The eagle is back, thanks for sustainin ma thread, @ Frank, i stand to be corrected, always ready to learn, no hard feelings. Wema bank and firstbank are both good stocks fuindamentally. Wema, though speculative/risky, but the bank is repositioning for the future through the new MD (former Ekiti Deputy Governor - Omoyeni. I'll advise Nairaland users to take advantage of Firstbank public offer. Existing shareholders, please take all your rites. Prospective shareholders, get a million naira 1yr term-loan, and u'll payback within a yr. Quote me!!! First bank won't sell below N50.00 by the end of 2007. I also believe union bank will bounce back in no distant time.

Gud long term buys?  all da banking stocks!!!
This is a fact!!!

@ Frankiriri, i've said my opinoins are highly subjective wit a CAVEAT. So 4 FirstInland, a newly consolidated bank wit little or no pedegree,, investing in it is speculative as we only have their 5 and 6 months result in history. Not all short term investments are speculative, an insider information for example cld trigger a short term investment, Also form the NSE data, Firstinland has no fundamental for comparism except we forecast their fundamentals (i mean the Earnings per share, div. per share etc). Tanx

Helo nairalanders!!! Neva will i desert ma people, a lot of the people in the house have been bombardin my box with mails and lots of quetsions on the stock market coupled with my primary assignment @ the office. I will bump in once in a while to tackle issues in the thred to the best of ma aility. One luv. Yeah, Costain (WA), i think a core investor came in shortly which could mean dat a management restructuring is imminent, this will take the construction giant to profitability on the LONG-RUN. The coy actually came to profitabilty in its 9 months result for Dec. 2006. Having inconsistently made a losses spannin over 6 yrs (since 2001), the coy bounced back by hittin a Q3 profit after tax of N137.80 million compared wit a loss of N591.92 million in the comparable period of 2005. We are currently expecting its full yr result for 31st Mar. 2007. This shld bring a renewd confidence to the stock subsequently. So sister, Costain WA is still a speculative GUD BUY at the current market price. It actually gained 19k today to close @ N19.24 per share. Concernin missin certificates , visit the coy's registrars. Zenith is on the high side now, the market hear-say of a probable 1 for 1 bonus issue and div. are the major drivers of the stock in recent times. Zenith is a HOLD now.
Nahco was marked down today for the bonus issue and adjusted for dividend to N26.10 per share

U wanna make short term money (6 months horizon)? Go for these stocks; Sterling Bank, Oceanic, UBA, Platinum, Firstinland (speculative), MBenefit, Cornerstone, RTBriscoe, i can go on and on,

Hey Spicy!! Do not sell UBA, I repeat, do not sell ur UBA, u'll soon realise. The brother wit Dangote, do not sell!!
HOLD Unity, due to the merger wit ECO bank, not to sure abt niger cement, but cement stocks are gud buys

Intercontinental Bank, market hear-say has it, is planin a share reconstruction scheme (remember wat bank PHB did?), so they wanna release their result, i think, before doling out the PO certificates. Investors who bought the public offer at N13 per share have realised capital gains of N12 naira per share. So no fears of certificates, we expect an impressive full year result coupled wit bonus issue. Nairalanders in need of a stockbroker cld always rely on my coy for all issues relatin 2 stocks. I wont advice buying stocks which are not active and witout pedegree, Afroil, though makin a loss currently, but the losses are reducin by the day, so investors rushin for the oil stock believe the mgt will soon turn the coy around, Tripple Gee, gud stock, Accen, wait for their results, some insurance coys are cautious buy. Livestock feeds, gud future prospects.

My CAVEAT still stands!!! My opinoins are highly subjective,

@ all petroleum shareholders/stockholders, petroleum shares are the most valued on the Nigerian Stock Exchange (NSE) cos they've got pedegree. They were the earliest quoted quoted stocks hence the high price tag, investors shld buy these pet stocks if they are interested in reaping dividend. Their prices are very volatile cos they lose and gain high prices daily (share prices changes by + or - 5% daily), so the higher the price, the greater a stock loses or gains value. Oando performed poorly last year, but has done well this year (traded at N90.00 per share last year, but once a coy declares div. or bonus, the price gets adjusted for div. or gets marked down for a bonus. Oando declared  a total of N4.00 per share div. , Total declared N7.50 per share, Mobil N7.14 per share etc all in their recent result for Dec. 31st 2006 full year. Patience is the game in the capital market, then seek the services of proffessionals cos Nigerians are passive investors, u need sumone 2 giv u market info from time 2 time so u dont miss out on ur dividend warrants. He'll also advice on wen 2 sell if a stock is doin badly.

Oceanic is a hot stock currently, UBN (Union bank)  is quite lukewarm we'll watchout for their full year result

Share prices drop due to a lot of factors, one is the forces of demand and supply, a lot of investors have made money from MB and CCNN this year alone, so they are takin profit on those stocks. CCNN might be doin badly in their earnins, but they'll bounce back shortly as govt. policies favours cement production in Nigeria. So hold on to your stocks in CCNN and MB!!! As for 1st bank, foriegn investors are already canvassin for a stake in the coy, grab every opportunity u can 2 buy 1st bank once the offer opens, if Zenith cld be trading at N49.15 per share as at 2day (10th may 2007), then u can expect the pioneering bankin institution in nigeria to perform better in the market. !st bank bank bank is capable of grossin N85 billion in earnins and a PAT of N20 bn for their full yr result for Mar. 2007 which is yet 2 be released. UBA and Zenith are both trailin that path 2!!!

@ gist sorry abt the error and tanx for the correction WAPCO gave N1.00 per share while BCC gave a bonus of 1 for 8.

Yeah, for existin shareholders alone.not a public offer

@ dis guy, FUTURE prospects of Bank PHB and Fidelity are capital appreciation and dividend prospects. a bonus issue is highly uncertain. However, Fidelity bank may apply for a shere reconstruction soonest just like wat PHB just did cos Fidelity has the 2nd highest number of shares in issue currently in the banking sub-sector after Ecobank. Fidelity has 16.5 billion shares in issue while Eco has a whooping 21.7 billion shares. Then I think u'd have to wait for Dangote's salt and cement listings or IPOs otherwise UBA and Oceanic cld be the next gud thing in the market. Nahco has done well 2, currently on the high side(N66.10 per share today) based on the unprecedented 3 for 2 bonus issue which drove the stock 2 dat height. A new info from a quoted coy is usually the driver of price since the market is info driven.
Nigerian Stock Market is currently the most profitable haven for investors all over the world, so there're no high prices for now, patience is d in thing and ur investment motive. I'll encourage long term buys. On the short term, go for banking stocks!!!

Eterna Oil & Gas floats N1.4 billion rights issue
Friday Ekeoba, Lagos (tribune newspaper)

As part of its repositioning strategy, Eterna Oil & Gas, is set to float a rights issue of 150 million ordinary shares of 50 kobo each at N9.95 per share, translating to N1.4 billion.


The application for the rights issue basically for existing shareholders is expected to commence on May 14th, 2007, while acceptance list closes on June 11th, 2007.


Addressing stakeholders on Monday, at the company’s board meeting, the chairman, Otunba Tunji Lawal-Solarin, said the company’s raising of fund through rights issue was occasioned by strategic need to expand its business and position the company for growth.


He said, the company was presently embarking on a series of strategic actions aimed at enhancing its relevance within the oil and gas industry.


Specifically, he said, proceeds of the offer would be used to acquire a costal petroleum tank farm, retail outlet development and construction, as well as provide additional working capital needed to drive planned business expansion.


Estimated net proceeds from the offer is adding three new ordinary shares for every 10 previously held. After deducting the cost of the offer stands at N1.4 billion, thus bringing the total market capitalisation of the company at offer price (post offer) to N6.469 billion.


Eterna Oil & Gas Company, it will be recalled, is noted for products which range from fuel stations, upstream products, and marine automotive and industrial lubricant, and LPG, associated products.


In the offer’s prospectus forecast made available to the press, the company planned to grow its profit after taxation to N165.1 million, N461.4 million, and N616.5 million in 2007, 2008, and 2009 financial respectively.


The company’s prospectus also stated that, turnover for the company barring any unfavourable event is expected to climb to N14 billion, N18.1 billion and N22.6 billion in 2007, 2008, and 2009 financial year.


The company will not be paying dividend in 2007 financial year because of its expansion pro-gramme.


The company is expecting to pay a dividend of N179.8 million and N371.1 million to its shareholders for 2008 and 2009 financial year.

The Nigerian Equities Market came down marginally 2day as most blue chip stocks like Mobil, Guiness, Conoil and Ashaka all conceded prices with the All-Share Index closing at 47,293.12 while the market capitalization closed at N6.77 trillion. Top gainers were Nestle, Nahco, Nascon, and RTBriscoe. Based on the specific, I highlight the following stock picks based on some of my recent clients' requests:

1. WAPCO disappointed investors in their full year result wit just a N1 per share div witout any bonus issue but mark my word all building stocks are GUD BUY now on the medium and long-term approach because cement prices are set to be on the rise due to the hot demand on cement based on various constructions and developmental projects here and there.Dangote himself has postulated a rise in cement prices, so watch out for CCNN,BCC, WAPCO, hold on to Ashaka as we await its long over-due full year result for dec. 2006.Oceanic is the bum! but u can't get it on the floor since it's scarce (on bid) but try and get it because the price is set for an upside once the technical suspension on it is lifted. Oceanic is a N40 stock by Dec. 2007 as they position for the third position in Africa.

2.Ecobank's recent full year result for dec. 2006 was good enough. the bank made a profit after tax of N3.6 bn against N1.7 bn in 2005. The directors are recommending a div of 9kobo per share , closure date is 14th may, payment date is 1st of june 2007. investors are expecting more from the bank but were disappionted about the low div. and no bonus issue - the reason why it dropped yesterday by 28 kobo to close at N7.30 per share.

There is the market hearsay that the bank is on the verge of merging with unity bank which cld giv the bank a synergistic effect in terms of expansion network alone. otherwise unity bank merger doesnt sound nice.Ecobank transnational inc. (ecobank Nigeria.'s parent coy) is also on merger talks wit 1st bank of Nigeria.which sounds nice.
Generally, Eco bank Nig. is a LONG-TERM BUY based on the bank's profitability, it actually boosted the parent coy's Q1 profit for march 2007.

3.RTBricoe is now an investor's delight; having paid a final dividend of 50 kobo and a bonus of 1 for 4 on 27th April 2007 (in its dec 2006 financial year), the coy is already making a profit after tax of N149.53 million Q1 result for mar. 2007 compared with N75 million it recorded in 2006. This culminated in today's 4th position on the gainers' chart. RTBriscoe is a highly diversified coy and the stock has been able to firm its share value by more than 100 percent in 2007. I recommend the automobile stock as a BUY at the current market price for any rational investor

CAVEAT.
Note that my analysis is based on reports and company results gathered from the Nigerian stock exchange therefore highly subjective and I will not not be held liable for any loss of capital on any investment as most investmets are risk prone. But remember the higher the riskiness of an investment the higher the expected profit.

Additional information By Goddy Egene from the punch newspaper gave an insight thus;
Ecobank, Unity Bank may merge

Published: Wednesday, 9 May 2007
TWO Nigerian banks, Ecobank Plc and Unity Bank Plc, have begun plans to merge.

The two banks will sign a Memorandum of Understanding in Lagos on Wednesday (today). People close to the banks say it will lead to the combination of their businesses.

The plan, if it pulls through, will make the merger the first after the consolidation in the banking industry.

Ecobank Nigeria is a member of Ecobank Group, which is a private sector banking group based in 13 countries of West and Central Africa.

Ecobank was one of the three banks that did not merge with another bank before complying with the N25bn minimum capitalisation specified by the Central Bank of Nigeria in 2005.

On the other hand, Unity Bank Plc was formed by Intercity Bank Plc; First Interstate Bank Plc; Tropical Commercial Bank Plc; Pacific Bank Limited; Centre Point Bank Plc; Bank of the North, NNB International Bank, New Africa Bank Limited and Societe Bancaire Limited.

Details of the deal will be unveiled at the signing ceremony, according to sources close to the two banks.

Unity Bank had from inception stated its desire to create a national franchise to be run by carefully selected professionals with competences spanning corporate banking, investment banking, retail banking, among others.

The bank took off with an asset base of N100bn and over N30bn in shareholders funds and over l00 branches.

Unity Bank recently completed its Information Technology integration project with a cost of about N3.5bn.

Speaking on the integration, the Executive Director, Operations and Services, Unity Bank, Dr. Evans Woherem, said, From Day 1, Unity Bank had an extremely challenging situation to contend with as far as information technology was concerned. Over 70 per cent of the banks branches had no basic network (Wide Area Network or Local Area Network) infrastructure. Many of them operated manual banking services.

When our correspondent called the Head, Corporate Affairs, Unity Bank Plc, Mr. Baffa Muhammed, on the phone, he confirmed the signing of the MoU, but refused to give details.

However, an official of Ecobank, who asked not to be named, confirmed the merger plan.

Many Nigerian banks have taken steps to increase their competitive strength after the consolidation.

While some went to the market to further boost their capital base, others received foreign investment inflows.

Hi Nairaland users!!! I am Ayo, for short, a research/investment analyst with a reputable stockbroking firm in Lagos Nigeria, and this is the begining of a daily report on the events at the nigerian stock market.

Nigerians and even foreign investors home and in the diaspora have reaped more than a 100 percent returns on there investments between January 2007 and now thanks to the bullish stock market. Virtually all the quoted stocks/shares has rallied by some percentage in the current campaign in 2007.

Most active sub-sector is the banking sector which can give maximum returns for short-term investors. Closely followed by the banking sub-sector is the insurance sub-sector which is now the toast of investors which is not unconnected with their recent recapitalization exercise boosting their confidence in the process.

In my series, i will focus on five active sub-sectors by picking hot stocks which could make you so rich without having to sweat or monitor your investment. For today, i will merely start by highlighting the following stock picks, based on the specifics;

1. Bank PHB: Having reconstructed its shares recently and listed last week at N16.10 per share, it has been on the rise to close at N22.05 today. In less than two weeks investors who put in N16 million on the banking stock now has N22 million worth of shares. I recommend Bank PHB as a BUY for all classess of investors based on the bank's recent improved earnings and profitability.

2.Fidelity Bank: Started trading January this year below N3.00 per share to close at N7.49 today. Investors have reaped more than a 100% share value return on the stock between January and now. Its recent 9 months result for Mar 2007 revealed a N3.1 billion profit after tax compared to N969 million recored in the comparable year of 2005. I recommend a strong BUY on Fidelity in view of its capital appreciation prospects in its last quarter.
Other recommended stock are Cornerstone insurance, Mutual Benefit Assurance, Dangote Sugar, IBTC, Diamond bank, UBA, 7-UP, PZ, Sterling Bank, FirstInland and FCMB.

3.NAHCO: This is unarguably the hottest stock this year, the aviation stock is currently the solely quoted stock on the NSE having suspended trading on ADC and Albarka airline due to the revocation of the licenses of duo. Nahco has firmed its share value by about 500 percent this year alone. Quoted last year at N5.00 following its privatisation by the Fed. govt of Nigeria, it closed yesterday's tradin at an all-time high of N70.05 per share, it means an investor who has 1 million units of Nahco has made a gross profit of N65 million naira witout havin to run the coy himself!!! There is no beta time to invest in Nigerian Equities than now followin reduction in transaction charges at the capital market.

Call me on my mobile Reltel +234-01-4041391 for further enquiries please.

CAVEAT.  Note that my analysis is based on reports and company results gathered from the Nigerian stock exchange therefore highly subjective and I will not not be held liable for any loss of capital on any investment as most investmets are risk prone. But remember the higher the riskiness of an investment the higher the expected profit.



Part 2: https://www.nairaland.com/nigeria/topic-52566.0.html#msg1102698

[center]Children of God, for over 2000 years after the death of our Lord Jesus Christ, he promised to come back soon. Pls how soon do u think he'd come back. Between one year after his death and now, I think we are hedging closer to his return more than eva before. People are doubting if he'll eva return, they claim this world is from generation to generation, world witout end. Is there anything like rapture? How prepared are u guys? Wat criteria do u think God'll use to pick his saints on the last day? Works? or just morals, or gud heart, [/center]

Marriage is honourable in all, the bed undefiled.The wages of sin is death,

Women can preach elsewhere, but In the CHURCH? NO!!! its very clear, am not being sentimental or againts women, remember it was Eve who lured Adam 2 sin, it was Sarah who made Abram got a 2nd wive, it was the Portiphar's wvie who wanted 2 ruin Joseph's future, it was Jezebel who ruined Ahab's life, the same woman who pioneered worldly dressing 4 our ladies 2day,the queen of Sheba was one the people who ruined Solomon.Deliala and Samson nko it was Rebecca dat caused enemity btw her twins (Esau nd Jacob).Lot's 2 daughters made Lot slept with them (Incest).i can go on and on. Hey dont get me wrong ladies are wondaful people, but Bro Paul, led by the Holy Spirit made him instruct the church not to allow women preach.Reason:women are easily led astray by the devil. Simple. I luv u ladies in the house. God bless u all!!!!!!!!!!!!!!! AMEN

[b][/b] [color=#990000][/color]Hey guys! Do u all know dat SEX deatroys u? Sex could either be in form of fornication, adultery, or the God-approved sex(between married couples-i.e 1 husband,one wife ).Only sex btw couples are allowed and deemed good in God's sight. Any other form of sex, viz-a-viz:masturbation, MouthAction, anal sex, homosexuality, lesbianism, bisexualism,sex-orgies and even LUST are all abomination before GOD. Am led by the SPIRIT to tell all nairaland users, hey, i was a victim of da devil corncernig this issue.Glorify god in your bodies,dat body is not urs, but God's,its d temple of God, u were boght wit a price on the cross by God the son-Jesus!.So stop dat immoral act now,plead 4 help 4rm God and he'll giv u grace to b a new creature, belive me its easy to live rite!!!Any objection pls?God bless u all .Mail me 4 more counselling 2ru aylala2002@yahoo.co.uk

hi jay gal!wassap?u seemed bored

nke wats d thread here??

[b]one thing 4 sure is dat u can't reduce wat God has blessed u wit.but u can maintain & protect it.Older women would suggest u stat wearin marternity gown.Enniee,do u know u're created in God's image,so dont be embarrassed wit wat he gave u.Dress moderately & not seductively,den guys wont stare so hard at u.& u can begin 2 walk tall & confidently.Pple will den begin 2 see God in u.One luv gal!!!

What u need 2 do is stop wearin tight body fittin materials like d hipstars,d capris bla bla bla, those stuffs can only make guys go crazy & get u at all cost but they won't get serious wit u

did i get on d chicks' nerves or sumtin?i like u cuddle.i can cuddle u all ma life!!!!!!!!!!!!!

:tutu,u sound 2 me like u do dis stuff at random,EFREBO!U GO WOUND O!!!!!!

Can i learn 2 luv a girl who's all over me?she's so much in luv wit me but am not yet ready.i dont wanna break her heart

why do guys luv changes?i mean babes of different stats 4rm time 2 time?