₦airaland Forum

cadno:
Thanks Oga Kotlass, but if i use same CHN, for two houses, can I trade stocks in my portfolio bought using the initial house ?? or any advantage

No you cant!

One advantage I can think of is that you'll be able to use 1 CSCS subscription for all accounts with same CHNs.

Aks:
Yea, i feel u. I just want some guys to piss for Body and come out of their hiding place by DELIBERATELY highlighting such big figure .

Even when there is fear and drop in the market, I prefer guys on this thread to pass their comment without inciting emotional fears in others cos i know a lot of us have sold shares @ a loss and seeing the reversal trend of MR NSE in a bullish way may mar the happiness that comes with this festive season. For example, i bought Transcorp @ 4.14 and FBN @ 9.14 but i choose never to be moved by any comment (after i hurriedly sold UBA @ a mega loss owing to some advice on this page just for it to rebound the next day after the sale) and it's paying off

are you a trader or investor? if you are a trader, then perhaps you can rightly fret about all these prophecasting going on here!

If you on the other hand you are an investor, then you'd find most of these as 'irrational exuberance'.

in this season I started buying FBNH at 11.82 until 7.79; UBA from 5.08 until 4.21; (plus a host of others) I would have panicked when these valuations got as ridiculous if there was any real news of a run on these banks

Elai147:
So why are they not announcing a share buy-back if they feel the stock is undervalued? Could it be that the coy itself is scared of the NSE? Perhaps, there are better things to do with funds than buying back their own shares.

Like I insinuated earlier, it appears these guys do not believe in their own story!

Seplat being caned!

feelamong:
YEA!! AM OUT!! THANK YOU COWBOYS FOR THE WONDERFUL XMAS GIFT!!

4 baggers!

#SittingPretty

myjoy08:
The recent bloody in the market will surely lead to a beautiful and rewarding destinations. And the time to act is now (with caution) as no one can time the market. The end is near...

O boy u suppose change ur name to 'eternal bull'

Elai147:
We hardly hear anythng like share-buyback in Naija because even the listed coys don´t trust the NSE otherwise why won´t they buy back their shares if they believe the shares are greatly undervalued?

Exactly my point! They don't even believe in the businesses they are running. Otherwise, it is not rocket science or neurosurgery ... they would have bought back a lot of their shares at this depressed? valuations.

Also an indirect way of rewarding shareholders via an increase in EPS

deceiving shareholders since 1914

Agbalowomeri:
We are waiting at 5 naira

If FBNH (an indeed others) really believe their shares are selling well below book value, why can't they buy them back at ~N9 and sell back to the market (via rights/PO) after the allowable period?

9free:
Chai...... UnionHomes Savings and loans
On top car park, see ill-liquidity and now reconstruction. 40 to 1
Investors dey suffer sha oooo

Must be preparatory to their delisting after thier acquisition by Aso Savings & Loans

bigjay01:
IkejaHotel 14m+ bids/ 0 offers. What is going on here?

10.3m bids/ 4.2m offers!

2 baggers, to sell or not to sell?

IkejaHotel 14m+ bids/ 0 offers. What is going on here?

natruetalk:
God bless you bro. difficult to close eyes for a stock close to 13% dividend yield, a company with good dividend history checking their quarterly report they still much in business. though 2008 saga in mind of every investors but mkt with pE of 200 then can't be compare with present mkt.

how did u calculate this? Did you factor all the CBN directives on dividend payment, Basel₂, Basel₃ to Basel_n?

Yem0350:
Right now: Access: 7.00, Afriprud: 2.42, FBNH: 9.01, FCMB: 3.22, Fidelity: 1.63, GTB: 22.89, Oando: 16.09, Skye: 2.29, Sterl: 2.25,Transcorp: 3.08, UBA: 4.00, Zenith 19.20
Sell now to save ur cash and buy more units with d same cash wen d market bottom-out.

If you listened to FBNH Q3 conf. call, you'd know that FBNH has no intention of doing any rights/PO in the next 1 year

At this rate of decline, FBNH will violate her 7 year low of 7.95 set on 14/12/2011.

feelamong:
Massive transfer of wealth going on and people are running away..

I have been buying just 2 stocks daily for the past 3 days...

100 units of FBN and 100 units of GTB

hopefully by the time the market bottoms out I would have liquidated my fixed deposits and also borrowed from my kids accounts to buy..

Disclosure: I can afford to hold for another 5 years!

Welcome bros!

I pity those who depend on NSE for 'ego garri umuaka' (read 'chop money')

mpi210:
Chair, me don bail!!

Will buy later when this craze is over.

Thanks to Morgan Capital, I'm not blind anymore, I can see.... We go dey listen to news, look spreadsheet and watch the market.

Mr Morgan, wherever you are, many thanks!

No more shooting in the dark.

BTW - My itrade account was opened in 4 working days. I have had no issues with their customer service. I will score them 8 on a 10 point scale!

As Fela would sing ...

This na double wahala for dead body ...

Let it keep crashing. 'Am loving it' McDonald style

Let the market keep tanking

Wealth transfer things

chukyjones:
"We advice investors to exercise patience in their urge to buy and allow the market to factor in all available micro and macroeconomic indices"

message from my broker...

in other words time the market?

mpi210:
bigjay, you don buy finish?

I wonder why they set a limit of 11.02....anybody know why?

been buying x000 FBNH everyday since Thursday last week. bought @ 11.20 yesterday, bid @ 11.00 today but no show. I am sure I will get it at sub 11 2moro

Wahala for traders/speculators, planting season for real investors

immanuello:
deduction meant for what!! after #2500 was deducted,so what else again make morgancapital no fall my hand o,i no want parasitic feeding on my account justified under any siliest reason as a pretext.Morgan will explain this under cama provision and she will have to explain herself and i will have to sementically and syntactically analyse their explain... if it is justified by my logical cortex then Morgan may win the lawsuit but if not i will claim my right.

I hope you are aware of the fact that you are liable for an access fee of N2500. Checkout the intro email that must have come with your account opening.

carpenter: @Insurance stocks

Most of them seem to be dancing close to 50k. I wonder how that sector works. Mansard seems a little to expensive at the moment but that is about the only insurance stock am willing to buy.

My money is on AIICO

omaojo1: It is a result of the rights sir.

This is the message from the exchange.

September 15, 2014
The Nigerian Stock Exchange Approves Technical Suspension of the Shares of Access Bank Plc

The Nigerian Stock Exchange has granted anticipatory approval for the shares of Access Bank Plc (“the Bank”) to be placed on Technical Suspension. The approval follows the application made by the Bank to The Nigerian Stock Exchange.

The Bank will hold an Extraordinary General Meeting on Monday, October 13, 2014 to seek its shareholders’ authorization for the Board of Directors to raise additional equity capital in the sum of up to NGN 68 billion by way of a Rights Issue.

The Board believes that the Technical Suspension is in the overall interest of the Bank’s shareholders and will preserve shareholders’ value, on account of the proposed corporate action. The Technical Suspension will be lifted on January 27, 2015 and the normal trading activities will resume on January 28, 2015.

Is this market not a joke?

I thought the era of TS during funds raising was a thing of the past? There is more to The TS than fund raising. 2007/2008 era is back again?

Offer this & offer that, not for me and my household. Not anymore!

Fool me once, shame on you. Fool me twice ...

omaojo1: Madam, first of all, if there was an immediate kill to be made, IEI shares would have flown north with all guns blazing.

An SPV is the owner of Heritage bank and they own 80%, Saraki 9% and others 11%. The investment of IEI Plc in the vehicle is 1.7bn naira. The Net Assets of the bank as at the time of this acquisition was 10bn naira with Total assets standing at about 31bn naira. So IEI Plc owns 17% of the bank or 21.25% of the SPV's investment in the bank.

The unknown element here is who the promoters of this SPV is. How they are going to raise the 56bn naira consideration for this transaction is a question that is still begging for answer.

Who else sees this?
IEI ==> HIBL ==> SKYEBANK

jamace: So IEI did double shares reconstruction within a spate of 5 years in order to hijack investors money for this biz, eh? Reduced my million units of stocks to mere hundreds of units. These companies should be told that capitalism does not equal stealing in any form o.

Bought after the 1st reconstruction @ N1+, bought more after the last reconstruction at 50k.

mercylicious: No offers cos my bid was loading. . They couldnt even fill mine up.
Ur unsuccesful attempt could be a blessing in disguise
Am keeping my fingers crossed.

IEI has not published their 2013 result, lets hope there would be a massive turn around in their earning so dt prophet utuocha's prophesy will come to pass.

Please, lets get their investor relations to answer these questions.

For those that believed, about 3 months ago I adviced folks that wanted an indirect play on HIBL to go for IEI. (The post must have been lost to the cyber attack earlier)

My schoolboy research then (based on available info) suggested that IEI owned over 80% of HIBL. I believe that is still the case.

Dexterax: In a bid to maintain my intellectual humility and if it means anything to some folks here, please note that Dexter has liquidated 100% of his oxygen holdings, for a 59% profit.

The liquidation exercise was carried out in late afternoon trading yesterday.

All man to himself, God for us all.

I'll sink or swim with O₂. Am averaging N16.53/share, a healthy margin of safety, methink!

According to the dog,

O₂ i di ime, inuro anu, i gboo agbo.
O₂ you are pregnant, you either either poo or you vomit

Yem0350: Good day house, did anybody knows ao much banks charged for bank signature confirmation?

Diamond bank have always charged me 5k. Have done so on 2 occassions

phemmie06: To all BNSITL Union diagnostic 1st quater eps was .58k while half year unaudited result eps was 1.18k. What is the equivalent of this in naira?

N0.0058 & N0.0118 respectively

uboma: I admire your perseverance and courage. Very impressive and rewarding I must say...

Rare qualities some of us lack. More grease to our elbows.

Very easy, especially when you don't depend on it for 'ego garri umuazi'

feelamong: But why are we surprised....speculators buy on Rumour and sell on the news!

take a look at the Transcorp chart....I know a colleague who bought at N1.95 and has not sold since...Me I have been in and out of transcorp a couple of times but this time around....there is no going out...This coy is going places and until it gets to N10; I don use glue gum my yansh to the seat next to the driver for this bus!

nb.. my holding cost na 3.90..

Majority of my holdings were bought at 50k. Kept faith since ipo! No shaking.