₦airaland Forum

when company get k leg like this I hate to invest in it.it baffles me that even after sec said they were investigating bigtreat some people still deemed it a good stock to cico.that one na gambling.if na. Nse or lse the mere fact that sec is suspecting you of share price fixing could end your company

does it then mean that AP and bigtreat are not guilty?or are investigations ongoing?cos if Sec eventually rules against AP they can kiss their public offer good bye.bigtreat holders this is a double edged sword o.Sec had better say something positive about bigtreat soon or else there might be panic selling.or rather it might be understood by dealers that bigtreat is okay and this might see the price touching 20 naira soon

damoche07:
Cashcraft? Uhm!

Conflict resolution experts suggest that concessions have to be made to solve conflicts.Its on this basis am suggesting that Blueband remove change his signature to something else.Maybe its the cashcraft people people that are on a vendetta.

Blueband i understand you are disappointed with Cashcraft but please change the signature and lets see if the tirades will cease.Pleaaase.You can still complain and report any of their well known failures but just remove the signature.If this doesnt work,then lets call Seun's attention.

Greentree,we understand your grouse against Blueband but as you can see u are causing a lot of damage here.I can gurantee that he will remove his signature but i can't guarantee that he will stop complaining about you if your services don't get better.

Am i making any sense here at all?Maybe

Until Cashcraft settles my issue I won't be removing it.I am sorry o.Na my way of advertising against them.

easimoni:
greentree,
na God I take beg u o! No vex again na! No join issues w/ anybody! No underhanded yabbing (I used to be very sarcastic so I fully understand all your yabbis).

If you have any questions, I commit to answering them to the best of my abilities and I'm sure others will too.

Did read your epistle about Nap. Interesting, but it seems with his depature (blueband-induced or no), that phase is behind us now. Make we look forward na.

Easimoni,I DID NOT induce Napoleon's exit.People reacted to what he said and as he felt the right thing to do was to quit.And who says he has quit?He might still be reading from the sidelines.

Ijogbon.
Ad eundum quo nemo ante iit-To boldly go where no man has gone before.

Word!-I love that

Damoche07,
Thanks for your word!

Jandbaby
I agree we need a moderator

.

What we need is for Wanajo,Aktopgun,FAtherof2,Pumping,Wendy,Mama Ore,IOMA,CrazyT,RoughCut and other gurus to agree to stop posting on nairaland and move to StockmarketNigeria.That is a more matured forum and better moderated.Once we achieve this we can continue discussing our stocks.

pumping777:
I'm with you on this Beta Glass. I am stocking up on this because I believe they will deliver. They have never given a bonus so I'm not so hopeful in that area but like you said if they keep up with their performance this is a sound value stock.

You have a good point about holding on to your fundamental stocks. Just remember to sell your fundamental stocks when they are likely to take a beating and buy them later.

My strategy is very similar to yours. Low caps with good fundamentals. Not necessarily low nominal price but instead low capitalization which is why Beta Glass and for instance Chellarams will make the list.

The same reason why now many insurance stocks will not make my list despite the low nominal price.

This also led me to Ikeja Hotels and am I glad that I picked up a large volume again after a couple of CICO with the stock. There are just a handful of these stocks on the NSE at the moment anyway and some are difficult to get. I could not believe my luck with the quantity of Chellarams I bought. With the low volumes on sale, on some days, I ended up being the one that bought all the shares on offer and even below my bid price so now I have a reasonable sum.

It baffles me how Pumping sets his eyes on some silent money making companies.That is one skill I am yet to develop and keen to learn.

Futureview PP

This was initially going for 3.85kobo,minimum of 1million units.It has now been suspended and they plan to "recontinue" at 5 naira.Minimum of 1 million units.Date of listing?UNKNOWN.

May April turn out to be a bullish month o.Especially for my IEI.

Yodiyokun,This stock you say you dey eye,what is it abeg?

http://www.tribune.com.ng/19032008/news/news24.html

THE Managing Director of Cashcraft Asset Management Ltd., Mr. Adeolu Ireyomi, was on Tuesday discharged and acquitted by the Chartered Institute of Stockbrokers (CIS) over alleged sales of 9,257 shares of the company’s client.
Ireyomi, who was charged alongside Clement Ikechukwu Ukogu, another senior partner in the company, was absolved by the CIS for want of evidence that linked the duo to the act.
The Nigerian Stock Exchange (NSE) had earlier, in its decision on the matter, ordered the company to pay half of the total value of the 9,250 shares of Mobil Oil Nigeria sold without the owners’ consent.
At the ruling on the petition brought against the two respondents on Tuesday, by Prompt Finance Ltd., the president of the CIS, Mr. Dipo Aina, who led the five-man panel, upheld the submission of the lead counsel to the respondents that a case of prima facia had not been established against respondents.
He, therefore, discharged and acquitted the respondents of all the charges preferred against them.
Adeolu Ireyomi and Clement Ikechukwu Ukogu, in the four-count charge in suit no. CIS DT /A528/A216/01/2007, were alleged to have, between April 2002 and August 2002, used the machinery of Cashcraft Asset Management Ltd to misappropriate 9,257 units of Mobil shares belonging to Architect Olakunle Bello without his knowledge or authority.

Me too been drop from the BC bus for Ore o.E b like the driver forget something for Lagos so he had t turn back.When he reaches Sagamu I will re-enter the bus.Maybe I fit drop this time around for Benin with the hand baggage wey I leave inside now.Na dey dunlop tire I buy na him the bus dey use sef.And na IEI insure the bus.

E b like say these days to get AK to yearn na to first ask am about Tobe.So AK how is Tobe?
Now,abeg tell me which tock I go consider buy this week.Thanks!Sorry,Iyawo nko?

As this is an open forum you will find doctors,I.T specialist,Engineers,Accountants,Danfo Drivers,Armed Robbers,419ners.Let us continue to ignore the posts that don't matter.Because as I said there are different people from different backgrounds on this Forum.

Who dey go West Australia?Chei, I remember in 2005 a colleague and myself were offered jobs in Rockampton,Australia.The pay was eye popping.Running into 6 figures.The job had a jeep attached to it.The hospital accommodation had a swimming pool and it was massive.Who will refuse such an offer-?
Well, Rockhampton hospital was going to have it's first black doctors in the department and in Australia ,racism is almost a state policy.After listening to my Australian friends I turned down the offer.So did my friend.If you live in the U.K try and watch "Border Control".It's about Australian Airports,Immigration and customs.Not a very nice place to go to,

Krush I agree with you.MAgu Magu no be the word to use.But sometimes na magu magu sha

For those interested in VISA IPO,forget it.Institutional investors will pick it up before you think about it.

IPO News for the Week Beginning 17th March 2008

The IPO Sector Roundup by John Lanyon
The IPO Market in the past week has been very quiet both in the UK and globally, with one exception; China. As mentioned here two weeks ago, the China Railway Construction Company was looking to complete its IPO at the end of last week.

News surrounding the $3bn float was very positive; indeed the Chinese portion of the float (a tranche of shares was also offered to foreign investors) was said to be 250 times oversubscribed - a new Chinese record, meaning there was $750bn worth of demand for only $2bn worth of available shares. The issue was priced at the top of its range, though in comparison with some of its peers, still managed to look cheap. The IPO was therefore billed to see a huge pop; but something went wrong. The IPO only saw a 28% rise on the opening day of trading – practically a crash for an emerging market IPO! Worldwide news focused on the growing inflation worries in China, leading to fears that the Chinese Government will start to look at a broad range of measures to curb inflation, and perhaps stifling growth.

In terms of the impact this will have on the IPO market in the UK, and particularly the private investor interested in IPOs, this is not the end of the world. However it does signal a deterioration in one of the last strongholds of IPO issuance, and fundraising potential. China is now home to the world’s biggest company, and has the record for many of the biggest IPOs globally, a deterioration from here signals nothing good for companies looking to join the UK markets, particularly those from emerging economies. It also signals that the large end (i.e. the private investor friendly end) of the IPO market may continue to stay closed for the foreseeable future – without even having the occasional multi-billion dollar issue from China to think about.

Worth watching in the coming week will be coverage surrounding the IPO of Visa in New York. As mentioned a few weeks ago, the giant financial services firm was due to begin trading on Wednesday in one of the biggest US IPOs ever. General consensus is that the IPO may well be postponed, presumably citing ‘deteriorating market conditions’, justifiable given the turmoil with the US banks in the last week; indeed two of the lead underwriters for the deal may end up too distracted with their own problems to focus 100% on the deal. Goldman Sachs will be releasing its results this week, expected to include their worst sub-prime losses to date, and JP Morgan will be justifying their proposed acquisition of troubled investment bank Bear Stearns, at a massive, Government aided discount. Though there is talk that the $18bn fundraising was received well by investors, a few choppy days in the US markets could still derail the issue.

Returning to the UK, last week saw one company completing its IPO on AIM. Valiant Petroleum, an oil and gas company that will focusing its exploration and production in the North Sea, joined the London market on Thursday. The company raised £50m, issuing shares at £7.50 to institutional investors. The company began trading with an opening market capitalisation just below £200m. Early trading went very well, with shares trading at over £8

shigidi:
AKTOPGUN, please wats the lo lo no abc transport, is it wise to enter at current price

You hear say Armed Robbers attack bus for Ijebu you still dey ask conductor weda the bus still dey go Benin.
Mechanic never come repair am yet.Seriously this guy go bleed to around 6 naira before e find him resistance level,except ofcourse the rumour of the bonus and public offer comes very very soon!

Krrush I think you have a point.Yeah sometimes companies declare losses.No doubt.My point is with 1.5 billion pasing through my hands in a year I will give the company more than 26 million naira profit before tax.

Infact,let Polyproducts sack some of it's work force,reduce production and give me 500 million to manage for them through one of my subsidiaries "Blueband Hedge Funds".I promise to give them 50 million at the end of the year.And that is me o, I know people like Roughcut and Pumping will be able to generate more .

1.5 billion might look like change bearing in mind the way our politicians steal money,but it is no chicken change.

Poly Products Nigeria Plc.

Poly products Nigeria plc released its full year results for the period ended 31st March 2007. In the results released turn over for the period increased by 13.3 percent from N1.5 billion in 2006 to N1.7 billion in 2007.
Profit before tax moved northwards by 122.6 percent from N12.4 million in 2006 to N27.6 million in 2007.
After tax profit for the period under review increased significantly by 1857.1 percent from N700.0 thousand in 2006 to N13.7 million in 2007

Seriously if you give me 1.5 billion naira I will declare more than 27.6 million as profit.Even if you put that money in a fixed deposit account for one year at interest of 5 percent for goodness sake that is 75 million naira.Will it not be better for the owners of poly Products to invest in stocks on the floor?Because business is about making profit.

This is the typical Nigeria Magu Magu for you.I seriously suspect most companies under declare their results.Haba, 27million naira profit with a turn over of 1.5 billion

I think we should all do more.I have personally printed my account from their website and sen a petition to SEC and copied their MD.If we all report the issue to SEC I can assure they will sit up.

If after all these warnings people still go to cashcraft then blame yourselves.I was fooled by a smart talking account officer who knew nothing about stockbroking.Trust me I don't work for any other broker,I am a VICTIM of the vultures and vampires in CAshcraft!

Sold some of my ABC after making 100 percent in a month!phew!.
Aktopgun what will I buy tomorrow?

Does anyone know when the deadline for reporting to NYSC camp this year?

Onward Paper Mill Private Placement

Alao Akala's election upheld.Adedibu surely knows his onions!

I see IEI is doing a turn around, I have loads of it stocked up and wondering whether to sell and move into something else.

You will never go home in that case

http://www.abctransport.com/press_rel9.asp

http://www.punchng.com/Articl.aspx?theartic=Art2008031615403046


ABC kicks off BRT in lagos on Monday

Even me sef dey on the look out for IOMA.
Abeg Easimoni release him for us o!

Cheexy
this one wey na only me and you dey.So whats up?

Write to the DG of SEC and attach your evidence.Copy the letter to the MD of your stockbroking firm.That will make them call you immediately.

www.nigeriansecurities.com

for your analysis of stock

By the way Renaissance Group is employing in Nigeria

Mistake, will not be less than 100 naira(modestly)