₦airaland Forum

On NFI Ins. and Intenational Energy Ins.

NFI Insurance was delisted following the merger with AIICO Insurance.
By this action, the number of listed companies and securities reduced to 211 and 309 respectively.


Share Reconstruction

The issued shares of International Energy Insurance were reconstructed in the ratio of 1:3.
The company now has issued shares of 5,505,223,528 shares listed at a price of N5.79 per share, down from 16,507,670,584 shares.

Meaning if you have 900k units before, you divide it by 3 i.e. 300k units

Wanaj0, Fatherof2, pumping, Wendy, and other guru’s and sub-guru



I have about 600K to invest this week and these are the stocks I am planning to go for tomorrow, please what is your take on this my options?

NEM
UNIC
FCMB
AG Leventis
C& I Leasing

samstone4:
@Nairalanders

What's the take on Acorn pp?
I have some link to the owners but don't intend to invest enough to warrant trying to use my contact.
I was a part owner of a similar company which collapsed for various management reasons and inability to get products with the collapse of Nigerian refineries.
Concerned with the small margin of the business and all the brouhaha with any attempt to deregulate the downstream petroleum market.

Samstone4

Acorn has been taking to the operation table couple of days ago on this thread, but unfortunately it died during the operation and the surgeon generals i.e. Wanaj0 and Windywendy has signed his death certificate.

My friend in the front sit of course, mind you he is new in town and we have so many catch-ups to do. If my girl is sensible enough, she will allow us to sit in front in other to chat and scream about Arsenal FC and Real Madrid

@ Windywendy et-al


It wont surprise me to see Acorn been oversubscribe at the end of the day, especially with so many JJC's on NSE nowadays, and with the title attached to the name Acorn “petroleum” this is enough to push the PP to high heaven.   

@ Ichie of all guru's (Wanaj0)

Just out of curiosity and concern, I'll like to know how far you have gone concerning CHAMS. Are you able to get the loan you are looking for? I really hope you do, so you can make the kill (as you always put it)


@ Stanchucks

Be careful with the way you use that name o (Ichie Wanaj0) because I am the one that owns the copy right and the name should not be abbreviated. It’s “Ichie of all guru’s”  

New EFCC Boss: Who Will It Be?

I'll suggest Gani Fawehinmi, although he is from the South too but we all know he is no supporter of PDP now OBJ.

So what do you think of this

EFCC Declares Igbinedion Wanted

I just can believe this, there was a time that I thought maybe Igbinedion was using juju (voodoo) on EFCC and Nigeria as a whole. If you visit Edo state during his tenure, without any iota of doubt you’ll conclude that he should be arrested and jailed immediately his immunity expires.

Btw, I have ransom money for anyone that knows his where about, the he-goat must not escape o, he must face the music.

How I wish the late Gen. Tunde idiagbon will be alive today and head EFCC just for 3 months and you’ll see what would have happen to all these thieves. I am angry jare!

@ Wanaj0 “THE ICHIE OF ALL GURU’S”


Thanks for the responce I.O.U big time

Daily stock price @ Nigeriansecurities, it seem the MJ music never play finish o (blood still on the dance floor)


http://www.nigeriansecurities.com/dailyposition.php#

@ Wanaj0


“THE ICHIE OF ALL GURU’S” I still dey wait for your responce on my request o

@Wanaj0

I wont call you Filed Marshall because we are no more in the military era, so I’ll dub you with “THE ICHIE OF ALL GURU’S” (after all some one got to be the Ichie)  


I need your help here, last week I was able to sell both my LASACO (gained about 124%), AFPRINT (230% profit) and yesterday my CAPOIL was sold too (with more than 1600% gain) , meaning I am fully loaded with cash (in my acct.) but don’t know which stock to buy especially with all these free falls.

I would have love the CHAMS PP but I am not in Nigeria and no one can cash the money out for me.

So Ichie of all gurus what is your advice?

Btw, I still keep to your strategy of not selling off the entire stocks o; I left about 15k units of LASACO and 30k units of CAPOIL.

pumping777:
You answered the question yourself. These are different industries. Every industry has it's own time of growth and this can be repeated. Banking will not grow at these rate forever. Things will cool.

Let us now look at it critically. Do you think the banks have had the highest rate of growth in Nigeria in the last couple of years It's all about the service industries. They are growing at an astronomical rate. I can name at least 5 non-banking companies that have outgrown the banks in terms of YOY PAT so what is this fuss about?? What does one expect after condensing all the banks in Nigeria to 25

Some banks are still struggling you know. It is not so easy to cook the books on top of nothing. UBA is paying dividents of N1.20 for every stock and Oceanic is paying N1.02. No be yam now.

I know you want to convince me to sell my UBA to you but I no go gree

Make you quick buy own before all these investors from Europe and Yankee go buy everything finish and list UBAN on NYSE

You really caught me hands down on this one, UBAN on NYSE ( you are really something else)

Its 2:15am over here and for big man like me to be laughing so much by this hour can only be interpreted to something else. Abegi keep your UBA o o o o!!!

@ Pumping777


I guess you are so attached to these banks stocks (and all the goodies that comes with it) that you fail to trash the real question, how do the banks come by these profits when other sectors are not doing well? Nigerian economy did not measure up to what is happening in the banking sectors. Or are they listed on another planet than NSE?

Secrets behind banks’ huge profits


I just ran into this story today and I think of sharing it with you all especially peeps that are crazy about bank shares, I guess someone on this thread has asked this question before? How do the banks come by these profits when other sectors are not doing well?

Guys make una shine una eyes o


Suddenly, we are back to the era of stupendous figures. If key performance indicators are not doubling or tripling, it is quadrupling. And just as one bank is rolling out astounding figures for one period, another is announcing some out-of-the-world results for the same or other periods. And these are usually heralded by a blitz of advertisements to properly situate and highlight the waltz up the performance chain.

The big question: How do the banks come by these profits when other sectors are not doing well? The surprising thing is that you hardly see much activity in some of these banks reeling out these mind-boggling figures. Where then lies their secret?
here under is the link: http://odili.net/news/source/2008/jan/6/428.html

upward:
http://www.nigeriansecurities.com/dailyposition.php

Looks like the bears have not gone too far. Most stocks lost today, almost all the insurance stocks lost some amounts today, just for a few. What can one say to NSE??

The bear has left the building for long; it’s the damages he left behind we are seeing now. My guess is that as from Wednesday, the dust will be cleared.

To every disadvantage there are some blessings, so na another chance to take postion bi dis.

Achika:
JUST A FEW THINGS I COMPILED WHILE LEARNING THE ROPES, I HOPE IT IS OF USE ESPECIALLY TO BEGINNERS

Thanks for sharing this, I have saved the doc for myself and for future useage.

harrisoft:
@pumping777
@ all
one day on this tread wanaj0 and fatherof2 were dicussing they mention four stock, fatherof2 told wanaj0 thank you,
make una look those stock well well, something dey, i put some free money into one the one what was N8.8,

Harrisoft are you saying there is more to it than just the discussion?
If so, then they are the Da Vinci of Nairaland, can you please be the Dan Brown that will decode the whole thing for us?

@ Father of 2


I am not a good praise singer but I do recognise talents when I see one; Father of 2 you are right about your theory of Thursday and Friday profit takers. I doubted your talent at first (especially) yesterday when all the stocks were still green but to my greatest surprise today, more than halve of the stocks on NSE are in red. Majority of the greener ones all traded at a minimum percentage.


I guess pumping was right when he said you control the NSE from your bedroom.  


Keep it up o!!!  

No More Igbo Movies: Why?


Because the producers of Igbo movies (those days) are the same producers of the English home movies (nowadays); they believe the English movies cut across more than Igbo language that is why they settled for English.

There was a period when the Yoruba movie maker’s wanted to join the English movies too but the Igbo marketers fought them with both tooth and nails claiming that the English genre is for the Igbo’s alone. (Though these claims are not pronounced openly, but all the players in the industry know this as a fact)

Ask TK (TundeKelani) and OGD (Tade Ogidan) they will tell you what they are going through in the hands of the Igbo marketers.  The marketers claim that the two (TK and OGD) should just stay with their parapo brothers and should not ventures into their territory.

Na wah o!!! Lasaco just close at 4.63 that is 5% gain, who ever hold down to him Lasaco don gain be that and I am very sure that my broker would have sold mine today.

I just gave a selling order (this morning) for my Lasaco too, it has increased more than 135% (bought it last April) I guess I don wait reach.

@ Father of 2 and other gurus

Am thinking of diverting the money into AGLeventis but this is new year and I don’t want to start with wrong decisions so, which stock do you advise me to offload the money into, BTW I have got Crusader, Mbenefits and International energy insurance so as far as Insurance is concern I thing e don do.

Happy New Year Nairalanders!!!
May this New Year brings good tidings to each and every one of us (Amen)

@all

After rain comes sun, after sowing come reaping, after night come morning.
So, as the wake of 2008 comes into our lives so the blessings of the Lord Jesus Christ will fill all our ways.

May we all reap bountifully from all our sowing this year and may the miracle of Afroil and Capoil in 2007 happen to all our redundant stocks in 2008. Did I hear you shout amen

Happy New Year!!!

@ All

Compliment of the season to you all, just got back from a long winter holiday in Germany.
The weather was wicked during the Xmas but thank God for the journey mercy.

Here under is the latest on Transcorp:


Transcorp: House May Ask NSE DG to Step Aside


In an effort to allow proper investigation into the affairs of Transnational Corporation of Nigeria (Transcorp), members of the House of Representatives have revealed that the Director General of the Nigerian Stock Exchange (NSE), who also doubles as the Chairman of Transcorp, Dr. Ndi Okereke-Onyiuke, may be asked to step aside in either of the two bodies.
Members of the House Committee on Capital Market confirmed to THISDAY in Abuja yesterday that, “the National Assembly wants to conduct a proper investigation on ‘the real people behind the Transcorp, the number of shares held and the cause of lack of performance in the system,’ which explains Onyiuke-Okereke’s invitation to appear before the lawmakers in Abuja.” , 

Source: http://www.nigeriansecurities.com/shownews.php?url=http://www.thisdayonline.com/nview.php?id=99222

@ Invisible!

Na wah o, you are seriously carried! I just love this your write-up, keep it up!

texas543:
Are u saying we should invest in these insurance companies come 2008?

barge:
@ all

Its  a few days before 2007 runs and i have to switch to thanksgiving mode . A BIG BIG THANX TO You ALL ESPECIALLY
 
     Easimoni , Pumping , Temmie 10,shigidi
     Windywendy , Yodiyokun , Wanaj0,noshaking
     Father of 2 , Frankiriri , Aktopgun ,nba,Emmachile
     Ololufemi , mypeace ,naijadr,kpineo,damoche 07
     Roughcut, aktopgun,chokit , crazyT,ckeneth,jehosaphat et all
    APOLOGIES to all whose postnames i cat rememeber, ina ground i dey

I can't  thank you all enough for the selfless and invaluable contributios you have all made on this thread. I got a little confession,
a number of people have impacted my life with their views here and  i just hope you  keep doing what you are all doing.  I realize how much i needed to reeducate myself after reading some posts here ,and i could not interprete appropriately the lingo . My motivation for entering the cfa program came from this thread and guys like windywendy ,easi ,frank ,temmie 10 and later pumping.Regardless of my exam result its already a success , as this thread keeps the learning process open. I PRAY 2008 BECOMES A FULFILLING YEAR FOR US ALL . As we continue the crusade for financial independence , i pray 2008 turns out to be unic and forms the cornerstone of great wealth which we all hope to achieve. THANK YOU ALL, you are all appreciated. Barka de sallah , merry xmas and A wonderful , success-filled 2008.

oh, how can i forget Seun , thank you for this forum and don't let detractors derail you from your goals.
    ,

My main man Barge thanks for the shout-out, I wish you all the best in the coming New Year.

My guess is that you are in Madrid? I may be wrong though, but I hope the weather in Spain is better than ours? Holland is around -6 degrees today (and man still plays football for inside) I guess we should expect white Xmas this year.

I am planning to go for the CFA program too next year maybe you can be my mentor?


So I say Merry Christmas and happy New Year in advance to you and all my new found families @ Nairaland.

texas543:
Are u saying we should invest in these insurance companies come 2008?

Hurrah!!! You are the discoverer of the "Da Vinci Code" of 2008

aktopgun:
@ollolufemi
market is still open. wait a while and we'll see

by the way, i placed a buy order for a small amount of the zenith P.O (don't want my dosh returned) for my new son
so u and Jim better deliver

Martket don close o and FCMB really lost almost #1 that is full 5% (0.90kobo to be exact) nigerian securities don list today's market price

Why don't you just call a spade spade?

"Sweetheart I love you so much, I really want to kiss you but your mouth odour is killing me"

Shikena!!!

@ Shaddie

I think in your heart of heart you know the right answer to your question, but you are too naïve or gullible to accept the truth.

Just ask yourself what will happen if you ever got fired at your Oil coy and end up as an okada driver? Or rather if the CEO of your company made a pass at her, will she say no and stick with her man?

If you know answers to these questions then you are cured!!!

barge:
@ all

what's the word about Fidelity ? Still got some left .

Barge my brother,
I have the same problem too, I still have about 105k units left on Fidelity and it seems as if they are sleeping.
I thought the TS have been lifted, so why the stagnant behaviour now?


I beg Wanaj0 and the other guru can you please tell us was up with Fidelity?