Bigjay01's Posts

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Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 1:49am On Dec 27, 2007

felo12:
Merry x-mas to all,

Did anyone know if oceanic bank last P.O has been listed?i'm about to send my cert for verification.

Regards.

Hi

When did you get ur certificate? I am yet to get mine (30K units)

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 5:49pm On Dec 24, 2007

egoldman:
Someone help me with this , I bought Oceanic stocks by August this year and i would like to know if i qualify for the current dividends of 1.02 Naira .

I presume you bought from the floor and in this case, yes you qualify for the Dividend.

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 3:49pm On Dec 24, 2007

@all

what do you think about entering AGLeventis at current price?

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 5:17pm On Dec 22, 2007

invisible!:
if the abnormal happens like it did in the case of Oceanic

that is exactly my point, the whole premise of your argument hinges on the big "IF". Did you ever look at the other side of the coin - which is at the crux of the Benard Baruch quote.

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 4:08pm On Dec 22, 2007

invisible!:
@ Shigidi, I figured that next year’s price into the equation, supposing that after doing one or two trades, I came right back and picked up oceanic at the same N28 which I sold it? (Oceanic was selling for 28plus last week)

this is on the assumption that the price of Oceanic will remain static whilst other prices appreciate? Sounds like wishful thinking or pipe dream at best. Remember the quote "I have never met anyone who could predict the future trend of the market - except liars!!! Bernard Baruch"

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 12:07pm On Dec 22, 2007

Naijadr:
Did you put a price limit on your order? If you didnt, next time do so it'll help.

Yes, I did state clearly (TS price of N25.51)

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 12:04pm On Dec 22, 2007

invisible!:
but bank stocks now ? with the guardian newspaper publication of wed. 19th dec 2007 as forwarded by cashcraft. Look at cashcrafts website for further reading.

The more i read this article on the Guardian the more I get worried about this spate of capitalisation and recapitalisation, PO upon PO of banks. I strongly suspect round-tripping and you know what follows if this is the case. If in doubt check the case of the energy companies Enron, CMS Energy, Reliant Energy, and Dynegy in the US. If founded, then be afriad, be very very afraid.

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 11:50am On Dec 22, 2007

Naijadr:
given the dec season, not surprising at all. If its UBA which I believe u use, they prob already have purchased some gradually, but prob havent got all 20k units just yet in which case u wouldnt be able to cancel the whole thing.

@invisible, u'll be surprised just how many people read this board, don't be surprised if it moves up

Yes oooo, I use UBAS, as of yesterday I asked my relationship officer for an update and all she said "I'll let you know when its done". Am I not supposed to know what proportion (if any) has been bought. I am just worried that I might end up not getting it and at the same time miss out on other good entry prices.

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 9:51am On Dec 22, 2007

@All

Do you know why it is taking my broker more than 5 trading days (and counting) to get 20K units of Bank PHB from the floor. Is it to be expected or are they being lax about it?

Is it better to cancel this mandate and substitute it with FCMB (or any other stock?)?

Replies please

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 10:44pm On Dec 20, 2007

arsenal4va:
why isnt this site opening www.nigerianstockexchange.com ??

Dont ask me why, but this site generally tends to be down during holidays. I've noticed this trend myself. I bet it'll be up and running 2mo

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 11:24pm On Dec 19, 2007

FatherOF2:
Don't do IPO/PO's. Use it for trade alert.
Also have you ever received an E-BONUS advice.
Its clearly written there (ALPHANUMERIC).
In addition have you viewed your portfolio online by logging into CSCS?.
You can only do so by inputing your clearing house number (ALPHANUMERIC).
The two words are just used interchangeably.Some call the clearing house number the "CSCS account number".
The clearing house number is the important number.
IF IN DOUBT,CALL YOUR BROKER ON FRIDAY MORNING._{no go put wrong number for IPO form oh,na me go collect your sharesoh.}

Na waa ooo, It looks like the CHN / CSCS No are used interchangeably. This text was lifted from an article on CSCS website "Clearing House Number/CSCS NO. (eg. C123567AB)"

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 11:55pm On Dec 18, 2007

samstone4:
@Ololufemi

There is an entire thread dedicated to which CSCS number to be filled on PO forms.
I was told the alphanumeric number is the correct one ( by 1st Registrars) and this seems to be the conclusion on the thread.

Happy hunting.

Samstone4

See reply to this query dealt with in another thread on this forum

tonyjon:
Hi Guys,

I believe the misery surrounding the the difference between CSCS# and CLEARING HOUSE NUMBER (CHN) has now been solved.

I got in touch with CSCS office and I was told that for IPO/PO, the number to use is the numeric one which is known as CSCS# and that the alphanumeric is the Clearing house number.

I was also told that if you use the alphanumeric on IPO/PO application form, your shares will NOT be credited to your account;YOU WILL RECEIVE SHARE CERTIFICATE.

Peace.

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 6:41pm On Dec 18, 2007

NBA:
@bigjay01

Details of my relationship officer below. One word describes her, EXCELLENT! I have never had to call, always responds to emails.

Maureen O. Njoku

Relationship Officer

NRN Banking Centre

United Bank for Africa (UBA) Plc|UBA House (15th Floor)

57 Marina, Lagos, Nigeria

Office : +234 1 264 4652-700, Ext. 15246|DL : +234 1 280 0088|Fax : +234 1 264 4769

Mobile : +234 803 318 0639

eMail: maureen.njoku (at) ubagroup.com

Thanks, I have the contact details of my relationship officer. The thing is that I gave a mandate to purchase PHB on Thursday last week up till now I havent heard if it is successful or not. Hence, I wanted to go direct to the stockbrokers to find out wassup. Does it normally take this long?

If the stock no dey abeg make I buy other alternatives now bears don enter town.

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 3:46pm On Dec 18, 2007

Talktrue:
@All

For those interested in technical analysis but lack the excel skill/ time to do that.
Nigerian securities just releases the online software.

http://www.nigeriansecurities.com/nstabasic.php

all the best with the decision making

The TA suite is wicked, basic is out and running. Deluxe and Pro to follow soon. The time period is limited to 1mth at the moment but I am sure with time this will be increased. Worth checking out

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 3:17pm On Dec 18, 2007

@all in the house

Does anyone have the email / direct line to UBA Stockbrokers?

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 6:13pm On Dec 15, 2007

pumping777:
3,759,398,500 additional shares of Diamond Bank Plc by way of GDR

about $507.5m which means the GDR was oversubscribed?

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 6:57pm On Dec 13, 2007

I be Engineer as well, me sef I get 2-1, but the brain don tire, sometimes sef e no go gree wake up from sleep. Even sef caffeine no de wake am up when e decide sleep

software o jare. Post am 4 house or jazzyjay6789 at hotmail dot com

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 6:49pm On Dec 13, 2007

ckenneths:
at the slightest indication of bad news which they have aplenty from the negative publicity we get daily from the western press.

On another note , talking about negative press, 2 colleagues of mine have had their PC's (at home on diffrent occassions) infected with trojans / spyware which. One had emails sent out to everyone on her contacts database requesting them to send them money because she is being held hostage by someone in Nigeria whom she met online. The other had his online banking credentials captured and had £1800 swipped from his A/C. this was eventually traced back to Nigeria. Being the only black person in an office of about 15 and a Nigerian for that matter (proudly so) how would that make me feel.

Negative publicity !!!!

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 6:38pm On Dec 13, 2007

ololufemi:
@ All,

Market is dull and the bears are here. Seems people re offloading to go spoil cash for their village with Sallah, Ojude Oba and Christmas around.

Good time to make purchases for stocks.

Abi

Good for people like me init. Lurking around for bargains

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 6:32pm On Dec 13, 2007

Regarding Costain

they have Q1 07 result on NSE website as follows

Turnover (2007/2006) N772.6m / N344.4m
PAT (2007/2006) N116.5m / (N205.0m)

for Q2 07

Turnover (2007/2006) - 1.497B/1.457B
PAT (2007/2006) - 0.130B/0.676B

which means that PAT increased by N13.5m only. My concern is
it still leaves them with N384m (~75%) to make up the forecast of N514m by the end of their year.

Did anything dramatic happen that would have affected their bottom line between Q3 and Q4?

Does not look good in the short term

More insights please

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 4:30pm On Dec 13, 2007

@house

A quick one, does anyone have costain results for the year so far?

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 4:26pm On Dec 13, 2007

MyPeace:
@all

please where else can i check the daily price, nigeriansecurities didnt update their site today.

cashcraft is the answer, don't know others havent updated their prices

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 3:57pm On Dec 13, 2007

Looking at costain prospectus, does anyone know they were making heavy losses for 4 yrs prior to YE 31/03/07. What caused the change in fortune in 2007?

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 3:38pm On Dec 13, 2007

pumping777:
Costains' Prospectus.

http://www.vetiva.com/Costain_Full_Prospectus.pdf

Pumps thanks for the prospectus, oya over to phase 2 - rip am to shreds and digest your findings with the house (as usual). I de your side ohhhh.

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 2:02pm On Dec 13, 2007

Any sign of costain prospectus anyone?

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 12:54pm On Dec 13, 2007

@All in da house

Nobody seems to be talking about AIICO prospectus that came out a couple of days ago. Is it not that juicy? Come on lets disect it

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 6:15pm On Dec 12, 2007

VIPICO:
You'll be extra lucky if Pumping replies your mail. He never does mine. He just snubs

Oh boy carry time ooo, how dare u want to knock or diss pumping777. He is highly respected on this forum. If he has to answer all emails, then he would need more than 24hrs of the day to do it.

Pumping, no mind am jare. If he hassle u anymore just tell me and I go buy the case from you.

VIPICO - make I no vex for you ooooooo

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 2:03pm On Dec 12, 2007

pumping777:
I have mega uploaded the Aiico prospectus.

http://www.megaupload.com/?d=323TP97D

For PO masters, it is nothing short of a good Xmas present.

New shares are entitled to bonus and dividends and the forward PE of 2008 is around 10.

I beg, make una find us Costain prospectus now.

You are the man, not even a mention of it on Greenwich Trust's home page. Abeg do ur magic 4 Costain

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 1:18pm On Dec 12, 2007

Have we abandoned COSTAIN and AIICO?

I have searched all areas of the web, done all sorts of searches and power searches with all sorts of permutations and combinations, no hit of AIICO offer. Is this really happening? If it is, then it must be a gold mine which might explain why it is being kept down low

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 3:59pm On Dec 10, 2007

On A LIGHTER NOTE

www.nairaland.com has been taken off Technical Suspension

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 12:25pm On Dec 05, 2007

@Windywendy, Wanaj0, Pumping777, easimoni, Roughcut and all members of the house.

Please have a look at the attached chart, Have I got the averages right? if yes what does the mixture of signals suggest?

In arriving at BUY/SELL decision, I have used the prevailing condition that "When the shorter moving average (the one calculated from the lowest number of intervals) moves above the longer moving average a buy signal is generated and when the short moving average moves below the longer moving average a sell signal is generated." from www.trademade.com

Investment › Re: Stock Market Tips For Nigerians by bigjay01(m): 4:58pm On Dec 04, 2007

@Windywendy, Wanaj0, Roughcut, Pumping777 and all gurus to mention but a few and indeed all members of the house

A quick question, why is there not much enthusiasm about the Afribank PO. Is it that bad?

regards

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