₦airaland Forum

pumping777:
Just my take on this.

Fidelity has over 16B shares listed already and there are sellers around still trying to lock profit from that sudden rise before the PO. Anytime the share price attempts to move north, profit takers will descend and depress the price. Additional shares are still to be listed for the PO.

When there are so many potential sellers, it is just hard for prices to move consistently in one direction. This has been my observation so far. I could be wrong. As another example, look at Oceanic.

One might say, what about Access? Well, Access has under 7B shares listed that is available for sale right now. Those that did the PO cannot sell yet. Once this additional 9B or more shares are listed, it could be a different story.

If you are looking for gains in the short run, I won't advice holding on to Fidelity.

Just my own take. Caveat Emptor.

As usual, you are the man! You know your takes are seriously carried and pon-pon-stick now     - as we used to say when we were kegites (ala Samstone4)

Mr. Risky:
Remember what Fidelity said. "WE ARE FIDELITY, WE KEEP OUR WORDS". But make sure you remember the "words" they are keeping. Just be patient like two years, there is hope

Thanks Risky, I really appreciate.

Our words indeed!!! I'll give them 2 more weeks (for their words) and if by chance it gains about 10%, I'll discharge everything and move to 3 or 4 better stocks.

The money I am having with them can buy a small Island somewhere some place 

@ All

Abegi wetin dey happen to Fidelity? The stupid stocks is about 40% of my portfolio and its just taking one leg forward 4 legs backword.

Abi make I just sell the whole thing (about 8% loss today' price) and look for better stock?

wanaj0:
I stopped reading when I got to the bolded portions!!! Too many errors to even bother

Those are typography and explanatory errors now  ,
I have a cordially relationship with my broker so much that I don't take note of her mistakes, because most of her mails are always informal.

But I’ll take note and scrutinize the prospectus when I get it today.

travellout:
Please, where can I get the form of Partnership Investment Co. Ltd for subscription?
Will they be listed on the Stock market after private placement?

Thank you for your urgent reply.

My broker will mail me the form today and I’ll place it here tonight or latest tomorrow.

She said they are very positive that they will be listed this year, especially with so much money in the market and the private placement is so little 1.5 billion ordinary shares and in my own opinion the price seems cheap too (offer price of N2 per share)

I expect oversubscription on this one sha!

Someone was asking about the Partnership Investment Co. Ltd: Private Placement, here under is what I got from my broker;

W. Wendy, wanaj0, Pumping et al what's your opinion on this?




Raising capital to meet up with regulatory requirement… Partnership Investment Company Limited (PICo.) is seeking to raise N3bn via a private placement of 1.5 million ordinary shares of 50kobo par value at an offer price of N2 per share with a view to shoring up its capital base from N378mn to well over N3bn. In April 2007, the Securities and Exchange Commission (SEC) had directed all operators rendering issuing house and advisory services to recapitalize to a minimum of N2bn by December 2008.



… and diversify operations. The proposed application of funds confirms the company’s vision of becoming a well diversified financial services group. PICo would be spending over 45% of its offer proceeds on strategic acquisitions, enhancing subsidiaries’ capacity, project and real estate financing.



Strong regional presence and growing retail franchise. PICo. operates in four key regions ( Lagos , Abuja , Benin and Port Harcourt ). The company runs a business model that revolves around providing brokerage and asset management services to about 10,000 retail clients it has currently. We believe the recent regional expansion embarked upon by the Nigerian Stock Exchange should bode well for PICo, particularly within the oil-rich middle belt and Niger Delta regions of Nigeria , given its understanding of the culture and peculiarities of the locals.



Increasing market share. The company recorded a 3-year CAGR of 74.6% and 38.7% in gross earnings and net profit to N510.3mn and N14.8mn respectively in 2006. However, profit margins have been volatile over the years, due to high cost of financing its operations. We expect the fresh equity to be injected into the company on the successful completion of its offer to moderate this trend.



Q3 ’07 results show an impressive run in profitability. PICo recorded a PBT of N121.4mn on gross earnings of N545.9mn. Applying historical tax rates of 34.5%, we estimate a net profit of N121.8mn and a net margin of 16.8% for FY ’07 (FY ’06: 2.9%).



Valuation yields significant upside potential. Our valuation of PICo yields a fair price of N4.14 per share which indicates a 107% upside potential when compared with the offer price of N2.00.

invisible!:
@ crazy T, if I were you I will leave my ABC till next week. There might be a slight pull back in sight for the company share price but it will go up again. Learnt they had a good year.
Besides if you sell and run, do you have a ready selected company to invest the money? Or hang with the money.

Thanks for the prompt response.
No I don't have any selected coy to put the money, I still have all my Capoil and Afroil money (in 6 zeros) doing nothing in my account.

@ All

I hope say una go stop all this wahala and face wetin make big men dey addicted to this thread 



I beg make someone help me answer this one o I can't avoid to loss on this; my ABC Transport don gain more than 70% and I was advise to still hang in. So make I chop clean mouth now or still hang in?

ololufemi:
@ aktopgun


You no put Caveat Emptor for the sentence before them wan stone you with words and big grammar.

I see no reason why he should put caveat emptor in all his Responses; do you know how often this dude uses these words on this thread? I checked back in the last 24hours he uses the words more than 5 times already. I believe peeps here are not stupid to always expect him to spoon feed them with the word “caveat emptor”.

AKTOPGUN's Caveat emptor's: (plural)

1. On Nascon, things are looking up definitely but it needs some wind in its back[b] i think[/b]. It should do better this week than last week

2. i hope u read this befroe your order for unity goes out. I would wait still on it personally. I don't like the candle pattern it did today at all. A hanging man. Make your money no go hang for there o.

3. I expect it to drop or at best be stagnant tomorrow but i've been wrong before havent i
airservices.

4. my suspicion and thought is that there may be better fortunes for it next week. i could be wrong though  


5. as i've told crazyT, if i were to buy it for speculating purposes, i would wait to see the market on monday for signs of positivity. i think it may be getting to its lowest levels now and it may be an opportunity to buy come next week if the upswing is confirmed by monday's results

aktopgun:
@crazyT

u dey look unity?
i'd like to see the pattern it did today.


u dey see unionhomes

i don't even own any of these stocks     

Omo I see am o, thanks to you and your KANDU   I for don enter since last week with about 12% loss by now.
I pay for my Unity ticket last Friday sha hopefully a go board the flight today or tomorrow.

BTW, today dey better for all my You stocks o, UTC, UNHOMES, UNIC.

@ All

Guys wetin dey for this coming week now? Unity bank seems to be walking towards my trap (according to Aktopgun), ABC Transport seems to be scares now and I guess Dunlop flight is still okay to board?

JAZES:
@goldenson, getting universalinsurance is difficult than jamb ooooooooooooo.The thing scarce no be small.
All the gurus in the house abeg wetin dey happen to Bigtreat ooooooo.I too get many kg for inside ooooooo and the thing drop like say hin no send ooooooo.

The problem with Big Treat started a day after this story; I thought you knew of the story?


"SEC has expressed strong concerns about the pricing of some identified stocks due to perceived insider dealing/price manipulations and the apex regulatory authority has instituted probes into the allegation. Affected stocks are African Petroleum; Big Treat; Afroil; First Aluminum; Capital Oil and IPWA." [/color][color=#990000][color=#990000][/color]

The following day I gave a selling order for my Capoil and it was sold 2 days later at 15.80. That is what you ought to have done immediately. I guess it's too late now, but keep your fingers cross and expect a turn around (probably) this coming week.

goldenson:
please can someone tell me if universal insurance is easy to buy on the floor now,. ie is the stock readily available to buy or isit still scarce.

For where! Na yam (according to Easimoni) Even sef if Yar' Adua na im need am to secure im presidency e no go get am.
All man dey hold thight to im tent stock

blueband:
ABCtrans made a full 5 percent today.Stay on the flight.Nothing dey happen.I think it will add some more kilos if you ask me.Just sentiments if you ask me

Thanks Blueband

I ask for another 100k unit on Wednesday  but till now nothing. I guess peeps like Windy wendy don clear the floor patapata

aktopgun:
@crazyT

u dey see unity bank so?

Na your Papa born you, I don press reply before I see your question.

Praise thy Lord!!! I just confirm that all my Capoil was sold at 15.80; I wonder who help me carry that heavy load commot for my head sef?

@ Aktopgun

You ask me to remind you of Unity bank, I guess Monday go bi good day to enter?
What’s your take on ABC Transport make I still stay for the flight? The thing don make about 65% today make greed no kill man pickin.

pumping777:
You no see that man wey wear cap dey chat with him assistant pilot?

So na you bi that? Come o how many flight you board self. This your cloning no get pair o  


Na that stupid Kabu-kabu called IEI wey I enter na im dey vex me pass.
Bought at 2.60 before reconstruction and today now it's still bellow my buying price (2.36) x 3 = 7.10 after more than 2 months.

@ Wanaj0

A no see you again for Unic flight o, abi na you dey inside toilet (with the hostess)   The turbulence seems to be deteriorate now abi?

@ All

Have you all noticed that the FIRSTALUM gain the full 5% today? Because of the doubts about TRW I have confirmed with 3 other sites and they all say the same thing about FIRSTALUM

Its the first one among the February 6 stocks under investigation to turn the tide around.

@ aktopgun

Are you watching Unity  bank? Thanks for saving my ass the 5% today.  Guess I'll wait till Monday before I make another attempt, but it wont pass me by

aktopgun:
my question to u dear friend is, would any other company have been placed on TS because NSE was afraid that bad news about its dealings would cause a drop in its share price?

Cross-deals with the highest volume sold on the stock exchange for 2 days in a row? C'mon, u're having me on arent u?

Aktopgun,

My dear friend is not having you on o, he is just telling you the reality on NSE that "all animals are equal, but some are more equal than others"

aktopgun:
@ crayT

on Unity bank, i woudnt buy now, its coming down. it did a hanging man yesterday after a long rise over the last 10 days.
it is trading too close to its resistance level for now. I would wait till it drops further

hope this helps

Are you kidding me! Your explanation really makes lots of sense.
I was just about to forward my buying order to my broker when I noticed you are online and knowing fully well that the candles are still fresh this early morning prompt me to ask.  

Thanks mehn! I'll just wait.

@ aktopgun et al

What's your take on Unitybank at 9.72 for short to medium term

@ All

I think if Fidelity shed some weight today na better time to enter bi that?

@ Aktopgun What says the “juju” candle?

aktopgun:
. My brother no mind me jare. i don cool down.

On Tobechukwu, the doctors are maintaining teir confession based on their tests and we are maintaining our confession based on God's promises. You know who go win now abi?    

Baba God must win now them no dey dispute that one.

Just keep your head up don’t allow any negative thoughts to enter your mind and see what has been done in the spirit realm manifesting into physical.  It is well!!!

aktopgun:
see me see trouble o! are u asking me to leave the thread because i post candlestick analysis, so that i don't distract us. Harrisoft, who be the us wey u dey refer to?

so i should stop posting because u feel side tracked? what exactly are u on about mate? if its a case of u not understanding what is posted then by all means, ignore it. afterall, the charting pattern is about stocks and not candle manufacturing ke!!

nah mate, nah. its a free forum and until u start urs i suggest u either ignore my posts or get used to it! What the ,

Aktopgun E bi like say Tobi no allow you sleep well well, because (on a very good day) you no dey quick vex.

Abegi no mind Harihard (sorry) soft jare.

We need all the help we can get o, especially with Nepa we no dey trustworthy so and fuel price dey halla every day candle can be the only hope. So Harisoft no quench our light o

@ Easimoni


Thank you very much for your prompt response

Costain: How come you remember everything sef? You are truly your brother’s keeper. I was just thinking of loading more, just like your RT Briscoe

ARBICO: it’s a construction company, hope you remember around this time last year when you said I got the Midas touch? Just watch out for this stock sha

UBA: I beg forget cowboy for the main time, we’ll come back to him when the time is right.

LONGMAN: it’s too long to grab jare, maybe late this week or early next week

TRANS-EXP: this stocks seems to be playing boju-bobu (hide and seek) with my broker  

RT BRISCOE: Though I bought some few ones in December about 29 Naira, thank God for my new credit card, I guess I’ll just ask the air hostess to upgrade me to the first-class, because I like to take that free sit beside you on this Briscoe jet.

@ Easimoni

I post this question early this afternoon when you were not online, it seem no one wants to help a brother; please can you help

crazyT:
[center]@ Wanaj0, Pumping777, FO2, RoughCut, Risky and all the guru and non-guru's[/center]



Have you all heard about Partnership Investment PP? If not please check page495 on this thread and read (part) of the invitation letter they send to me for the PP.

If you know anything about this PP please do share with a brother.


Btw, I need your help on what stock to buy because I am heavily loaded from my loot on (my non-fundamental stocks) Capoil and Afroil; the loot is so much that I need to whitewash the money ASAP  because 8500% gain in less than 1year from just 2 stocks is more than blood money.

I had a “looting after party”  and that was why I overslept and missed the SCOA flight, now Transcorp has made me sober and I am back to reality.

I am thinking of offloading part of my loots into these stocks PZ, COSTAIN, ARBICO, R. T. BRISCOE and DUNLOP

So, what’s your take on any of these stocks?

@ All


The tale of 3 L’s

Have you all noticed that all the Insurance stocks were green but the insurance with letter L, or alphabetical fundamental don dey nowadays ?

@ Wanaj0, Pumping777, FO2, RoughCut, Risky and all the guru and non-guru's



Have you all heard about Partnership Investment PP? If not please check page495 on this thread and read (part) of the invitation letter they send to me for the PP.

If you know anything about this PP please do share with a brother.


Btw, I need your help on what stock to buy because I am heavily loaded from my loot on (my non-fundamental stocks) Capoil and Afroil; the loot is so much that I need to whitewash the money ASAP because 8500% gain in less than 1year from just 2 stocks is more than blood money.

I had a “looting after party” and that was why I overslept and missed the SCOA flight, now Transcorp has made me sober and I am back to reality.

I am thinking of offloading part of my loots into these stocks PZ, COSTAIN, ARBICO, R. T. BRISCOE and DUNLOP

So, what’s your take on any of these stocks?

windywendy:
@Crazy T: did you say Partnership investments is your broker? I just got an email from UBA global markets asking me to participate in a PP for a company called Partnership Investments Co. Ltd. Are these the same as your broker?

Yes o my sister and here under is a copy of the invitation that I received from them last Monday;





[b]Dear Sir,

INVITATION TO INVEST IN PARTNERSHIP INVESTMENT COMPANY LIMITED PRIVATE PLACEMENT

We write to invite you to invest in the Company through our current Private Placement, which opened on February 4, 2008 and will close on March 12, 2008.

Partnership Investment Company Limited was established in 1991 and over the years have provided its numerous customer with exquisite investment services. The Company has grown to become one of the major investment banks in Nigeria today. Partnership is one of the leading stockbrokerage houses in the country, a dealer broker and an issuing house.

Its staff strength has grown from less than five in 1991 to over 65 serving over 12,000 retail customers from four offices nationwide. The offices are Lagos , Benin City, Port Harcourt and Abuja . The Company’s balance sheet footing stood at N4.1 billion as at December 2007, whilst shareholders’ funds were N1.05 billion. In the year ended December 2007, profit before tax closed at N383.5 million, while profit after tax was N260.7 million on a gross earnings of N1.38 billion.

Partnership Investment Company Limited is raising N3 billion from selected investors through private placement to enable it sustain and increase its investment banking activities, increase its scope of operations by acquiring other stock broking houses before the end of the consolidation period in December 2008 as well as adequately fund its subsidiaries and investments in information technology.

The Company’s future prospect is bright. Its Board and Management are tested professionals from diverse fields. We are convinced that the financial projections would be met with relative ease. Therefore, we invite you to share in this growth prospects.

The Board has directed that the shares of the Company should be listed in the Nigerian Stock Exchange before the end of the year to give its shareholders exit and profit taking opportunities.

As a valued stakeholder of the Company, we thought the best way to show our appreciation for the invaluable relationship we share with you is to partner with you in owing the Company and sharing of opportunities by giving you the opportunity of first comer advantage. To this end, therefore, we have decided to pre-allot some shares to you as follows, and Price per Share is N2.00 [/b]


So what's your take on the PP? Am thinking of taking few units like 1m or there about, because you never know what the future may hold for them.

wanaj0:
Don't worry, more juicy offers are in the pipeline. Make Napoleon tell us once Starcomms, Multilinks and Interswitch are out.

Well, on Afroil and Capital Oil, sell some more as a way of locking in profit. You've made enough to walkk away from stocks without any fundamentals. Sell now when there are buyers (that's my assumption). Soon, no one will be buying those stocks execept you find a mugu. Remember the bigger fool theory

I hope Chief Napoleon go do something o, because Starcomms, multilinks and interswitch no go pass me by at all.


Thanks for the Capoil and Afroil advise, I have send in my selling order.

Any idea on where to offload the money, not CICO o but long term