₦airaland Forum

eldee:
Hmmmn and The Arsenal Lost
I just don't know where to start from, Le Prof and his unbelievable decisions
even though I didn't expect him to field an A-class team, at least he could have instilled the thirst for the win in the make-shift side.
The Arsenal I saw was not driven, exposed and unjustifiably disjointed. It reminded me of the FC Porto Match last season

I need to ask a question? Who really fielded a weakened side? Man u didn't field 4 regulars - Ronaldo, Tevez, Giggs, Hagreaves. Ronaldo wasn't even named as a sub. All Arsenal's strikers played yet only one shot at goal. How many players were actually missing from the Arsenal team that could have played today? I don't want to hear this crap of a B side being fielded! Were we not both going for the treble?

ono:
It's normal. You win some, you lose some. Life goes on.

Guy Manu had 11 shots on goal to Arsenal's 1, 6 corners to Arsenal's none. This is not NORMAL. The superior team in England showed itself today. And we didn't even need our best players to do it!! Watch out!! Arsenal's season is nose diving from here on just like last season.

ono:
It's normal. You win some, you lose some. Life goes on.

Guy Manu had 11 shots on goal to Arsenal's 1, 6 corners to Arsenal's none. This is not NORMAL. The superior team in England showed itself today. And we didn't even need our best players to do it!! Watch out!! Arsenal's season is nose diving from here on just like last season.

I'm so dissaponted! How hard is it to spell Arsenal? Comments on the game guys

pumping777:
Quote from: Belewu on February 13, 2008, 11:30 AM

Questions for the gurus in da house:

1. C & I - Bought at 9.39, price closed yesterday at 11.44 - Time to check out or still hold on?  I go comot o.
2. Japaul - Bought at 10.61, price closed yesterday at 14.44 - Time to check out or still hold on? For wetin na? For when them announce allocation?  . Spreadsheet profit dey pain o.
3. Any info if unity bank would be a good buy? - [b]It was never a good buy but me too follow buy. Na real high risk zone based on good result being announced before PO. Take the risk if you have the heart. If you are entering for the same reason N9 is still okay since you can still make 25% if wetin people think go happen.[/b]
4. Any info on where CAPOIL price is heading?
5. Any idea when share certificates for Dangote Flour are to be expected?

Na CICO i dey

I would appreciate any info on these

Quote from pumping
----------------------------------------
I don answer for d ones wey I sabi small for up.

Pumoing no vex but i no listen to ur advice on Japaul and C & I. I still hold them strong! 40% on each and counting. My goof was CAPOIL which i must offload by monday thanks to my broker who decided to be incommunicado since last nite!

And here it is for today folks!!

http://www.trw-stockbrokers.com/services.aspx

Na Till Day Break dem wan do today for floor?

Napolean:
@ All

I must confess I am not one of those creating any scarcity on the floor. Look in the direction of your brokers who lie to you.

The truth is I very rarely buy or sell on the floor (2007 I dumped some union when it reached N49, I bought at N17 and knew it was a boring stock ) but apart from that I have not sold on the floor for about 4 years. With humility I am an investor. I am considerably older than most you folks posting here, to the extent my daughter (24) told me my being here is embarrassing her.

A few quick things, I thought I should mention. If you remember about two weeks ago a substantial shareholder in Big treat mentioned he would not sell his units until the price reached N20. It did. Then since then whats been happening?

As a seller(holding volume) it is quite easy on the NSE to determine the price a stock will reach, because you will cooperate with you broker, and put in a purchase order for a huge volume of units (maybe all that has been listed!) at the price you choose, knowing it is not available for sale and the herd will assist you in bidding for it. (you have no intention of buying, when your ready you will cancel order).Then ofcourse you have the option of steadliy increasing the crumbs you offer, or you dump a percentage your willing to let go and move on. If you really think that many folks who work hard for the money are bidding for huge volumes of jos breweries, international breweries or juli then you are joking. Union bank bought into juli quite well last year. How did analyts know the tru value of dangote sugars was about N36 but would become available at N50+ after listing. Or how do people know dangote flour will be available over N27?

I look through the accounts and speak to the equitable owners of companies to the find the nitty gritty of deals, sometimes they are close firends sometimes not. I don't have enough knowledge or dicipline to go through all the technical indicators that most people refer to. If I were young, vibrant and with plenty of time I would. My way of investing, is investing with people I know well and our integrity is on the line. I invest in a way that if the entry price is right (and it usually is) then the exit point takes care of itself.

With all the analysis in the world, congratulations but I can safely say it would be easier for a nonsense stock like unity bank to get from N9 to N18 than for a heavy weight like union/nestle to double with a short period.

Those of us the bought transcorp at N1 did NOT mind when it dropped to N2.8, I must be honest that I do not have much confidence in the stock because there is too much dance in the boardroom. But some friends who love a flutter bought more at N2.8 which they will dump at around N5 and hold the N1 stocks long term.

I feel I have a moral duty to advise you folks to be CAREFUL when completing your public offer forms. Yes i know it sounds very patronising. But I was shocked when I saw a well respected lawyer recently fill out a form where he told them his name,address,d.o.b,next of kin,bank details, signature. NA INVITATION FOR ID THEFT BE THAT.


You should have your "nigerian" signature, which a local bank can verify (with your green passport) which is different to your (blue/red) signature. Abi you want a crook to try and sell your house in the US for you? it happens. Don't allow yourself to fall prey. If he tries to use your apparent signature your US/UK/Swiss banker go tell him where to go then call you. Mr/Mrs, " I rather perplexed, and thought you should know somebody has gotten hold of your information and tried to, ", however "we obviously knew it was an imposter",

Also always do private banking, if your funds are't yet up to the requirement pay the monthly charges. They will bootlick you, and when you want to shift out your loot you pay much less in charges. If you are a very god customer its free, otherwise your ready to take your money to more deserving bankers. I digress to say, your oyingbo bankers must pronounce your name they way it is. I will never allow them to remove the meaning of my name nomatter the difficulty they may have. Abi you think they miss pronounce china man or russian mans name?


Those of you abroad are skeptikal about telling someone your bank accnt no and sort code even though one would normally have to be an insider to access/manipulate your account. So why do you feel comfortable opening your life to a member of staff in your stockbrokers which handle such forms and send to the issuing house(who if also has you passport picture, and can quite easily become you!) Afterall most junior members of stockbroking firms/issuing houses are on N50-75k (if that) per month. So its only God that will make them think twice and say no.

Having said the above, when you read the so called allotment schedule and you see that "4 people" individuals or entities applied for 999999999+ units of first bank/dangote flour do you believe it? You think a rich person go put his name on a form? or do you honestly think that na market woman and mechanic scatter the offer? most semi literates will scream if you tell them that na N33 you go take buy one share.

Nigeria has roughly 130m residents. How many % are above 18? what is the percentage of "gainful" employment? what is the poverty level/ How many can afford to buy newspapers or have bank accounts. Then you want to tell me that 1 million nigerians applied for first bank units? Did you broker not fly to the USA and London to beg people to buy? a beg leave story.

Now to the folk that have been stingy and you complain that your broker is not performing.
Did you give him the thing wey spoil nigeria? or do you think it is the 1% commission you dey dash am that he go rent him office, pay him staff, drive jeep and sleep for lekki/ajah? all with your 1% abi?

lets make it tiny. You want to sell N5m stock daily and probably your profit inside is 50% and you want to dash him N50k commission because he is a mugun and he doesn't want his pikin to read MBA at london business school for £49k (excluding living expenses).

That is why when you tell him that Mr man, I have read up on company xyz, they are turning around. (hint GCAPPA na good stock o!, na widow and naija gvmnt dey struggle but betta contract them still dey handle!let me not digress). This xyz is dormant at 80k and I want to pick up 5 million units to speculate with. He will tell you, lets be looking. You will look untill it moves and comes available at N12. 1% of 5mill * 80k no go fit send him wifey go target,fillenes,primark or oxfam shop. Hope you grab. You will therefore have 2 options.

(1) Go and meet the directors/registrar. But go to the directors first because the regisrar go chop him own inside. Or think its with N350k monthly salary he take live lekki phase 1? I don't have to go beyond this.

If it knocks

(2) Tell Mr Broker, o boy, na N1M I go give you, make you buy the pikin some ice cream. If you fit "arrange" 5m units for me. You pay when he gets it (if by that stage he agrees to even cross to you. Why should he? would you??) Would you rather avarage up your purchase price and get 5m units at N1 per share rather that fustrate yourself till it reaches N12 and only mugun go wan buy. Again your choice.

I will never comment on short term trading. I believe in taking profit if need be. But cast your mind back to 2004 when intercontinental did its N6 IPO. If you remember its unique selling point was that if you had bought N100k work of units in 199? and just held, your compounded returns (divs and splits) would be worth Nmm? That is how I invest. I am not young and because I know the sharp practises my risk appetite for NSE has decreased. To me buying 50m units of a recapitalised insurance firm at 70k p/share is not my definition of risk. but 250m units of transcorp at N1 at my age IS. If i wanted to CICO or whatever, I would simply call a good hedge fund in victoria, london or new york that is aggressively trading forex and feel more comfortable with that. I may sound patronising (do not mean to be) but buying 5m units of leventis on the floor on monday (if you go find) and selling on thursday is a waste of time for me. That is why I say I am not one of those making the floor scarce. Tell your broker to stop holding you to ransome.

If you read the reports and believe that it is FI that is drving the NSE I want proof. Even the wild hedge funds that may speculate here place in banks where you can buy volume, this is done "off plan" through placement not thorugh the NSE and not through the broker who has never been to the international wing in murtula mhd and is sweating it out somewhere on broad street. Any decent international pension fund, fund etc will only speculate a small % (so if it gets wiped out, no big deal) in Naija. I am sorry to say, Nigeria is Not emerging. India, Brazil etc are. Nigeria is slowly developing.

Please read articles by Bismark Rewane. He knows his onions.

Let me make it clear. Apart from subprime cowbows. Can you walk into Citibank, Bank of America or Barclays, Natwest and say: Mr/Mrs Man I am more or less skint, have no real collateral but apart from seeking a mortgage, I want you to leand me the deposit for it? In nigeria its possible. You can go to one bank now and collect their no wahala loan then go to their subsidiary and get a mortgage. You may say, no big deal because its a win-win situation for them.That is not their job or core competency. Thats why in the US/UK they are realtors that sell repossesed property. But in Naija, the banks sell off there repossed property (usually to themselves) and all the repayments you have been making to them were in vain. And its not like in the UK where you would have defaulted for about a year before they fianally repossess in naija it can be months (with public humiliation thrown in).

When your investing abroad the broshure normally tells you past performance is not an indication of future returns, prices can go up or down so don't invest what you cannot afford to lose. In Naija they will give you loan at 21% with management fee, ready to repossess your shares purchased, repayments and collatoral and possibly still send you a shortfall notice. And if you think they will sell of your collateral to recover the debt your joking, that na jara. The shares you take buy with loan (where they bought?) no be nominee name they take buy am for you.

I want to throw open a question. For those the read the Transcorp IPO document where you not surprised when you saw the shareholding or a particular director that used to be a PA? if you say na loan he take buy am fine. What was the loan to value based on his earnings that the bank gave him. When you look at bank prospectuses and you see an young guy that because MD 2 years ago and he is a salaried man, and he owns tens of millions of units in the bank don't you wonder. If he is not divesting how is he repaying such loans? Meanwhile una dey buy into the bank. I will leave this aspect for another day.

Even with the so called N1bn capitalisation, many investors who trade through stockbrokers have more than that. That is why some of us either have a caution on our accounts at the CSCs or better still keep our certs in a safety deposit facility offshore. If you think that Otumba has his conoil holding with cscs na joke. It will get to a stage that if you want to drop 100'm's worth of units you will not do it on the floor. There is nothing illegal about having a legal agreement through your lawyerws and selling your units to a preferred individual. You have the right. Then you go to the registrar to perfect this. Thats why many deals are done "off plan" or if na betta broker "in house". It gets to a stage whereby the 2.3% NSE,CSCS,broker want collect you say na lie. That na yearly salary of a better earner. Lets go meet registrar, oya lawyer dey come too. Otherwise if na in house you tell Mr broker, ol boy na N500k i go dash you. He is tries to talk you go elsewhere with your certificate. He will agree because as he is growing he is not happy paying plenty tax himself. (i avoid-not evade). Also off plan you agree the price you want to sell. A volume buyer will be happy to pay a premuim get his units in one go and wave two fingers to the NSE,CSCS etc.

As one grows you either open your own or take your money to a friend who is a chairman of a brokering house. It is sweet nobody wants to open account with them, they have a no website (or permenatly under construction) nobody mentions them, most times their booth on the floor is un-manned, or the trader doesn't do much transactions becuase his clients don't really sell. His mates on the floor pity him. His oga is busy dealing "off plan".The 1bn capitalisation not enough to buy a betta house in chelsea, so when more of the oyingbo money comes in they will open boutique firms to service thesleves. They do not trust the Naija guy. I'm not saying that they are saints (na high level 419) them be but they no go rip you off what they consider peanuts. Till this time arises hope and pray and regularly check una CSCS statement. Those of you with substantial holding (2m units and above stocks worth N30 p/share and greater) (50m units and above stocks worth N5p/share or greater) do yourselves a favour and get CSCS to put a caution on your account. Have your certificates where you are.  Try not to let your broker think you are abroad, if he knows you are - you are on a brief holliday, back in a few days. If he is performing for you, buy him a TM Lewin shirt. I always roam my line when I am away and say I am always "in abj" but na botouqie firm I dey use and as I mentioned above I don't trade and my certificates are offshore.


The reality is polititians (for now) don't want to make a conservative 20% that Europe can offer. Also they are not gunnig for leventis or capital oil (at least not on the floor). Even the portfolio "stabilizers" like nestle are hard to get in good number, so on the floor they look for banks and insurance companies chikena. No capital gains tax is the major pulling factor to Naija. So those are are complaining because of scarcity, tell Mr Man to perform. I hope this helps.



I believe this forum is interactive. I would like your response and criticisms in order to edify each other.

Point i get from this is, Do any the analysis you want: fundamentals, technicals or whatever you want to call it, we are  just pawns in this game ruled by the 'big men' in this country. Is there any where corruption will not eat into? Why can't we ever make money without fraudulent means in this country?

loma:
Todays's interim prices.

http://www.trw-stockbrokers.com/services.aspx

Subject to change?

pumping777:
No major xteristic of FULL CICO be that o. No need to dey do CICO for stock based on yesterday's closing price. 5% can make the different between breaking even and making profit. Na real dynamic business model 

If Platinum drop today, na door wey bin crack yesterday, open today so.

Pumping, question for u as a full CICO master. Do u latch onto a stock when the price is rising or dropping? Why i ask this is to verify if i have just been riding on luck for the past few weeks with Japaul, C & I (i neva still sell am o!) and CAPOIL. Just a pointer for future CICO moves.

Questions for the gurus in da house:

1. C & I - Bought at 9.39, price closed yesterday at 11.44 - Time to check out or still hold on?
2. Japaul - Bought at 10.61, price closed yesterday at 14.44 - Time to check out or still hold on?
3. Any info if unity bank would be a good buy?
4. Any info on where CAPOIL price is heading?
5. Any idea when share certificates for Dangote Flour are to be expected?

Na CICO i dey

I would appreciate any info on these

Thx Bibiking, Na CICO i dey. Not looking at long term for now. I already have UBA & FCMB dat is killing me!!

Questions for the gurus in da house:

1. C & I - Bought at 9.39, price closed yesterday at 10.44 - Time to check out or still hold on?
2. Japaul - Bought at 10.61, price closed yesterday at 14.44 - Time to check out or still hold on?
3. Any info if unity bank would be a good buy?
4. Any info on where CAPOIL price is heading?
5. Any idea when share certificates for Dangote Flour are to be expected?

I would appreciate any info on these

Man united have lost four games this season and coincidentally, Wayne Rooney has missed all four games. Stats from skysports show Rooney averaging 7.40 points per game (the highest in the premiership) with Ronaldo at 7.30 points per game. Seems to me that despite his injuries and lack of goals, Rooney is more important to utd than Ronaldo is. What do u think?

Who would make your best eleven of this competition?

You are a criminal. Please do not pay any money to this 419er. I will be tracing this account at Oceanic. U must realise that educated people use this site!

I say Ronaldo, he'll hit 30 goals in the premiership this season. He has definitely shown far more consistency. Adebayor's 'run of luck' will soon fizzle out

Ronaldo on 19 goals, Adebayor on 16 goals. At present both players seem to be on fire. Come May, who do u think will be the top scorer in the premiership?

With Ronaldo scoring 27 goals this season so far, 19 in the league is an unbelievable feat for a midfielder. With outstanding performances week in wek out for ManU and recently putting in arguably the best free kick ever seen in premier league history, can we say Ronaldo has finally topped Kaka? Is he now truly the best player on the planet?

University gradutes only 9B.eng, B.A, B.sc etc.)

Guys, wats d pay package for entry level in the following oil/gas coys

1. Exxonmobil
2. SPDC (after passing out of training)
3. Total
4. Agip
5. Chevron
6. NLNG
7. Addax
8. BG

Pls include all known benefits. Only confirmed reports pls no speculations.

All,
 I've been checking out this forum for awhile now and this particular thread interests me for the following reason; I was part of the assessment centre in 2004 and back then, was unfortunate (or so i thought) not to be invited for medicals. What made it worse was that my best friend (whom i was convinced i was smarter than) was called and eventually got the job. It was a very dark period in my life and almost led to the break-up of my relationship with my girlfriend. The guys got sent to the UK for 6 months which even hurt more.
 8 months down the line i got a job with ??. its been 3yrs been then, i have gone to the UK 6 times and US 3 times for training. I already have 2 trips to each location planned for this year. I have been promoted once and looking up to the next one by the end of the year. my peers in NLNG average about 10mm/pa, i'm looking at 12mm this year. Most have never seen outside naija since the training in the UK and are all still on entry level and will be so for at least the next 3yrs. They are stuck in Bonny most of the time, filling the void with courting prostitutes and the like. Am i envious now? Hell no! Lest i 4get, i got married to the lady dat stuck by me last year!
What am i trying to say here? NLNG is a great job, but there are better things out there, keep ur focus and if ur good, ur definitely gonna shine. Stop beefing urselves ova this and work on ur next plan. People got into SHELL but now the company is on the verge of collapse. 5000 job cuts by April is the rumor. The company has not paid its contractors since March last year. NNPC and Delta steel started like NLNG but like all government institutions, have lost theier glamour.Life is a race, u cld be infront today, behind 2mo. Just keep on running man, and u'll get there.

Easy now