₦airaland Forum

Mr. Risky:
@kpineo,

My brother kpineo, thanks so much for the UBA daily market position. Can you please include me in your mailing list for that report. I need it to speculate big time. I don look chart tire, my eyes wan blind at age 30! Help I need that UBA daily market report, please. Thanks


My email is elvis.onaghise@intelservices.com

I have here boldened my mail address. Please get in touch. Regards

wanaj0:
OandO is fundamentally better than AP. Governance issues is my fear with OandO. Forward PE of <20.00 is good for OandO.

Nothing special about the bloc that AP is bidding for. Shell is selling its minority share (43% or so). Production from the block is about 21,000bopd. Not much if you ask me.

Until the sector is deregulated, watch with care.

RoughCut:
No cause for alarm i will do a nice little tutorial on these jargons and upload it to emaachile's upload website for all

barge:
@ damoche

you can contact afrinvest, get their account details and transfer the amount .You can SCAN your details to them .They will need some verification from your bank.

pumping777:
@damoche07 - Did you get some?
My broker got some on Thursday though at a slight premium to today's closing price but no complaints.

@easimoni and crazyT - My order has gone out for tomorrow. I beg let me complete my small purchase before the elephants cause Tsunami inside the the market o   .

windywendy:
@Pumping777, I'm still interested in why you think growth may not be sustained for AG leventis. _{Just checking to be sure I have all my facts right . . .}

RoughCut:
I think the guy correct? is calculating  his P/E and EPS ratios for Zenith, ACCESS and Intercontinental bans so i think he would his make his entrance when he is satisfied that he has a good deal on his hands since you have decided to carry your analysis sheet into the labour room  

All the best man and don't forget to welcome him with shareholding in those banks i mentioned. I expect my son to be a stock market billionaire by the time he's 18 he's already shareholder in those banks and i can definitely say that Zenith and   Intercôntinental would still be going strong by the time he's of age

Good luck pal and keep us informed!

As per C+I Leasing i did a post a while just before the PO with a BUY recommendation so the position is still valid that the stock will do well is not in question  the more pressing issue is can you get to buy on the floor? this is easily a N10-12 stock in the next 3 months.Quite a large chunk of their profits came from theeir overseas opeartions in the business they acquired in  Ghana and i think they are also going into lease financing so all counts its a WINNER and add Japaul Oil to the list

FatherOF2:
You don finally make me laugh.

yodiyokun:
For goodness sake,

Is Nigerian market this deep? Every offer is oversubscribed - Everyone is just buying irrespective of the profitability of the company. Its ridiculous.


Anyway Lets see how it goes sha.

Labo:
Hi Wanajo,

I like to acquire some shares of NAHCO. I love share bonus.
Do you think NAHCO will give some bonus next year?
I was looking at their result it seems o7 in better than 06 so far.
A reply will be much appreciated.

cheers

barge:
@Damoche

So far ,so good. Thats what i can tell you about Afriinvest, they execute my mandates quickly , they are the best of the brokers i have ,though i joined them recently .Only downside , the website is udergoing some change. But a lot depends on your RM ie relationship manager .You will need to have a good relationship with whoever that happens to be. They are quite good. Goodluck .

pumping777:
AG Leventis (Last Fiscal Year)

The turnover of the company increased by 1.43%, from N7 billion to N7.1 billion in 2006. profit after tax also increased from N343 million to N395 million in 2006, an increase of 14.9%. The full year EPS stood at N0.18, while a dividend of N0.10 was approved. The company is likely to begin manufacturing of generators here in Nigeria, and this will boost its profitability in the nearest future. It would interest you to know that Nigeria is the largest importer of generators in the world at present.The register closure date ids May 14, 2007.

So in Q-4, turnover grew from 5.08B to 7.1B but PAT only grew from 0.36B to 4B. Most of the PAT was reported in Q-3 in 2006 and 2007 but Q-4 recorded a PAT that is only about 25% of the PAT in Q-3.

To summarize, I think one can enter this short term because this growth may not be sustained in Q-4.

pumping777:
I think we have a new kid on the block.

AG Leventis.

I think the kid has already bolted though. With the results declared today, the forward PE is now looking like 13.29 even after max points today. The Q-3 PAT is almost the full year projected PAT!!

If you have the stock, hold on tight.

pumping777:
PEs on red for me means "Do not buy except there is other information or market news to justify paying this premium now" An example reason could be the rate of growth of the company and maybe the expectation of a significantly better result than is projected.  I am looking for undervalued stocks so my tolerance level for PEs is very low. I do not want to pay the fair price for a stock.  

UBNs price is responding to public perception. Investors feel the bank is not as dynamic as other first-tier banks and this is affecting the market sentiments. Also, there is meant to be foreign capital injection and the shares may be diluted still.

Frankly I will not stick with UBN and I offloaded a while ago. Just ask yourself what you think the price of UBA or Zenith will be if UBN becomes N55. So instead I stick with UBA or Zenith.

I think good insurance stocks should really be held till at least 2008. I don't expect the prices to dip to what they were 3 weeks ago. Most folks that took profit after the last bull run may have to pay a premium on their selling price to re-enter.

I think N4 is a reasonable target for Lasaco in the short term though.

wanaj0:
I will also consider the use of any interim (once it is not audited) report as projected. This is because the interim figures are also projections in their own right. I use only full audited result for trailing EPS or PE's calculation.

Note that projected figures are not necessarilly always the same. It depends on the assumption being made by the person doing the computation. I may decide to use a straight line profit growth while someone else may use another assumption. What you need is a validation of the assumptions used. Don't work towards getting similar answers because it is not rocket science. It is a subjective analysis.

FatherOF2:
@ ALL MY OFFSHORE NAIRALANDERS


PEACE.

FatherOF2:
Hmmmmmm, i doubt if one stock recommended by me has not been a company with strong fundamentals.
I'm very well read on all the necessary technicals on stock trading.
My advice to our " OFFSHORE NAIRALANDERS " is to do some more teaching and not shooting 10bn outstanding and i'm sorry 5mins later.
Tell people how to calculate P/E(Forward or trailing).
When you come up with an eps of 1.02 you can teach a few to fish on their own by saying (N9,587,906,137 / outstanding 9,399,907,978)= 1.02.
TEACH THEM TO FISH.

no_shaking:
Abeg,  this thread is big enough to accommodate all kind of of divergence, likewise the stock market, so, softly softly on comments!! Like I always say, there is no permanent champion in the market. It's simply a zero-sum game, my people!

By the way, where was Fatherof2 during the _long bearish period? Just wondering what his strategy was then?

FatherOF2:
Hmmmmmmm. interesting responses.I won't reply them.

@ ololufemi

Hope you still remember,wait for UBA to cool temper small.Let it cool its temper to N52-N53.They did not release payment date.Month wants to end.
If it starts flying at today's starting price of N56.40,then it'll be N65 by friday.That's too fast.No room to chop.That will not be following the rules of the game.You need to change to gear 2 before you move to gear 5. Same with oceanic.
The info i got on this intercontinental is an interim dividend in the offing.For those who bought intercontinental at N25.00,we're approaching 25% based on my computer readings now.Thursday looks like a good exit date along with Mutual Benefit if you bought at N3.00 (so my pc tells me).