₦airaland Forum

Has anyone got a clue when they will release 9month result.



The results are due this month!!!!!

blueband:
The Federal Government has started a search for new investors for NITEL and its mobile subsidiary, Mtel to improve on their dwindling fortunes.

At a meeting with the Transnational Corporation last December, the government made it clear that it was prepared to get another investor to salvage the telecoms companies.

The government said this was to redress the worsening condition of the companies, a year after Transcorp took over their operations.

This decision was contained in a communique at the end of a stakeholders’ meeting, which was made available to the News Agency of Nigeria in Abuja on Monday.

The resolution indicated that both parties agreed to divest a percentage of their equity in the parent company to a new investor.

“There is the need for a new core investor, who is an industry player, with a focus, technical expertise, managerial experience and financial capacity to turn NITEL/Mtel around’’ it stated.

The Federal Government currently owns 49 per cent share in the NITEL, while Transcorp controls 51 per cent after paying N63bn ($500m) in November 2006.

With this resolution, the government is to relinquish 24 per cent of its holding to the new investor and retain 25 per cent for divestment to Nigerians.

“Transcorp is to relinquish a maximum of 27 per cent out of its 51 per cent holding to the new operator/investor in order to make up the 51 per cent needed to give the core investor majority ownership” the resolution said.

NAN gathered that the resolution had been sent to President Umaru Yar’ Adua for approval.

Top ministry officials told NAN that the meeting, held on December 17, 2007, was attended by the Minister of Information and Communication, the Nigeria Communications Commission, Transcorp and the BPE.

Top ministry officials said some investors had already indicated interest in the company.

The officials said the memo to the President entitled, “Re: Unmerited six months tolerance of Transcorp’s sloppy management of NITEL/Mtel,” catalogued about 32 post-acquisition expectations that Transcorp did not meet.

The officials said Transcorp had failed to meet the post-acquisition plan of NITEL/ Mtel, which included the infusion of N8.9bn working capital loan to turn around the company.

Now we know why all d buzz around transcorp shares. Some people get insider info.

@fof2, @wanajo, @pumping, @aktopgun

How una see the following stocks? Is it too late to enter?

RTBriscoe - doubt if any bonus will be given - results due in March
NB - same as above
Unilever - same as above
C&I leasing - results due in June(from past history)
WAPCO - results due in 2weeks (from history)
AG leventis results due in March(may give bonus)

Please do let me know ur thots. Analysis paralysis one kill person. I was also hoping that each of these stocks will reset at some low point before results are released.

cheers

Femtex:
@ Everybody

When is the Fiscal year for Intercontinental Bank? Are we expecting their earnings any time from now?

February

@Safive

I have replied your email.

Thanks

easimoni:
I beg sell make u depress the market. Some of us need to join that train. Can't get on while it's moving.

Easimoni, this na bad belle o!

shigidi:
make una watch UBA, once it starts u don miss am be that
i hope my broker got trans express

I pray so too. All dis brokers fit cause wahala for person.

For those doing CICO get to understand that it is not always that your ORDERS get executed. Factor such delays from your brokers into your plans so that you don't get your fingers burnt. Most often, they don't get to BUY until the price is beyong tolerance limit. Same way they don't get to SELL until it is way too cheap!!!

@Wanajo, how u dey?

Your comment above is apt. It is happening to me right now with my purchase mandate. I have had this order place since Wed last week. Unfortunately, it has not been done. My luck is that the price has fallen a bit and is still wothin my range.

These brokers are going to be a stumbling block for some of us who prefer to go short term.

@Safive,

Are you still around, I would appreciate it if you can send me an email at debenzd@yahoo.com

I have a question to ask regarding the 1st Inland proposal on Share loans.

Many thanks

aktopgun:
The MACD-Histogram represents the difference between the MACD and its trigger line, the 9-day EMA of MACD. The plot of this difference is presented as a histogram, making centerline crossovers and divergences easily identifiable. A centerline crossover for the MACD-Histogram is the same as a moving average crossover for MACD. a moving average crossover occurs when MACD moves above or below the trigger line.

If the value of MACD is larger than the value of its 9-day EMA, then the value on the MACD-Histogram will be positive. Conversely, if the value of MACD is less than its 9-day EMA, then the value on the MACD-Histogram will be negative.

Further increases or decreases in the gap between MACD and its trigger line will be reflected in the MACD-Histogram. Sharp increases in the MACD-Histogram indicate that MACD is rising faster than its 9-day EMA and bullish momentum is strengthening. Sharp declines in the MACD-Histogram indicate that MACD is falling faster than its 9-day EMA and bearish momentum is increasing.

The main benefit of the MACD-Histogram is its ability to anticipate MACD signals. Divergences usually appear in the MACD-Histogram before MACD moving average crossovers do. Armed with this knowledge, traders and investors can better prepare for potential trend changes.

The MACD-Histogram can be applied to daily, weekly or monthly charts. (Note: This may require some tinkering with the number of periods used to form the original MACD; shorter or faster moving averages might be necessary for weekly and monthly charts.) Using weekly charts, the broad underlying trend of a stock can be determined. Once the broad trend has been determined, daily charts can be used to time entry and exit strategies.

this is the best explanation i could find and its helped me a great deal.

Thanks Aktopgun.

aktopgun:
if i may,

i no be windy or Fof2 but i think wapic may conyinur her gains for a little while longer but don't know how long sha. all i can see is a continuation,

Aktopgun.

Thank you very much. Your opinion is always welcomed. Really appreciate it. I know results are due. I was also hoping it will make one last dip before the results are annouced so one can enter but this market get as e be.

It looks like there is so much money around and prices will just make small drops for repositioning and then set off again.

What do you think?

Hi Fatherof2, Windywendy

Do you guys think there is another 20% to scrap from WAPCO?

Thanks

4wheel:
I heard from a good source that Wapic is due to go on TS soon, so beware. I heard they were targeting N15 but with the slow trend in its upward move, time may be running against it before its PO is due.

Whaz zenith securities up to these days, they seem to need more hands in handling their mandates and crediting of accounts. They are becoming too slow these days.

You can say this again. I use Lead Capital and UBA. It is the same story. Infact at UBA, you need to get ur relationship manager to flag your mandate or it may not be attended to. It looks like they all are not facing up to the reality that 2008 is going to be mostly a short term market.

@blueband,

I have had the same experience with brokers. No matter the analysis you do and the profit you are likely to make, they are the last link in the chain.

Like f0f2 said earlier, one needs to really syche them up to such an extent that they believe they are tarding for themselves not you i.e. your pain is their pain.

@yodiyokun

I concur. I still have not gotten over 1st Bank. I took the UBA share plus so I could use part of it to buy 1st Bank. Thank God I changed my mind from 100,000 to 50,000 units. Meanwhile, I never see returned funds neither have I seen certificate.

UBA says there are some missing names and are reconciling with the registrars. Meanwhile interest dey mount.( Anyway, I consider this my own contribution wey never yield anything). Na God go help person.

So for me and my household, no more IPO,PO,PP etc.

igbanbajo:
Respect to all members of the house; especially easimoni, pumping777, yodiyokun, debenz.

[size=18pt]1. DO YOU CONSIDER NASCON A GOOD BUY NOW?
2. IF YES, SUGGEST A PRICE CAP WITHIN WHICH I MUST HAVE ENTERED
3. WHAT ARE ITS PROSPECTS?

CAN'T THANK YOU ENOUGH, [/size]

Well based on d RSI plus the fact say d price low plus the fact say fatherof2 don talk am, enter ooooo! Me I enter today hopefully.

I actually bought at 22 initially and sold off in anger but thanks to this forum I have decided to enter and make back my profit by hook or by crook. They have a very good second qtr result but also sentiment I think(please correct me if I am wrong) go follow this stock.

Thank you fof2,wanajo,windywendy,pumping etc for helping me research more on how the market works. I have you all to thank even for what has happened in the last 3monhts. I consider them the best 3months so far in the NSE.


Cheers

But generally i'll suggest make you wait,all this bull bull when dey stampede everywhere so, them need to stop to drink water.Na den you go enter their back before them continue again.

Fatherof2,
My exact sentiments. I don look tire my eye don nearly burst for oppourtunity. I go siddon wait make dem stop to drink water. Dem fit dey very heavy after that sef. At least person fit see oppourtunity to enter.

Meanwhile thanks for your posts. They are always a source of laughther and packed with serious money making ideas.

cheers.

Gudchoice:
@ Debenzd -

These companies are expected to float their Offers soon

NEM Insurance Plc
Crusader Insurance Plc
Unity Bank Plc
Union Homes (REIT)
Custodian & Allied Insurance Plc
Niger Insurance Plc
Linkage Assurance Plc
Standard Alliance Plc
Oasis insurance Plc
Staco insurance Plc

Thank u Gudchoice. U be beta choice.

madeonline:
GUK your info on Sovreing Trust is true

Please what is the technical or fundaental basis for opting for Transexpress who has soem info on that firm?

Cheers

mADEONLINE, DO U KNOW ANY OTHER INSURANCE COY. GOING ON TECH SUSPENSION SOON?

Man Jiro:
The 6 months result pasted for Thomas Wyatt in Proshare and Meristem are different.

Does anybody have the one from NSE?

NSE version

THOMAS WYATT NIGERIA PLC
UNAUDITED RESULTS FOR HALF YEAR ENDED
30 SEPTEMBER 2007
2007 2006 %CHANGE
TURNOVER N86.921m N75.025m 16
PROFIT BEFORE TAXATION (N7.932m) (N14.894m) 47
TAXATION N312,000 N294,000
PROFIT AFTER TAXATION (N8.244m) (N15.188m) 46

FatherOF2:
My benz sister. I sure you dey ride benz.Talk true. As per dnmeyer. Wait small.E take style high small for me at that price.

This INTENERGIN considering them don reduce the number of shares for that stock, e be like its painted with a N12 destination price.

@ YODI,

E go hard OBAMA oh.

Thank u father of meji.

I no get benz o but na d latest Touareg i dey aim for.

A very nice pay off for a year's work at the NSE.

Prince11:
Afribank

Is it good to load more now, good or bad idea?,

Open question to the house, abeg make una contribute o !

I am interested too. I don't think they have released their 3rd qtr results. Please correct me if I am wrong

Thanks

EMMAACHILE:
Hi
STOCKWATCH: STANDARD ALLIANCE, NNFM
Stdinsure is no more on offer and should be the safest stock to buy in the insurance industry.
For me, i will be ordering large units which i think will be safer than to buy Transcorp.

NNFM seems to be out of its losing streak though should be a short term candidate.

I HAVE BEEN TRYING TO GET NNFM. NO LUCK!!!

FATHEROF2,WINDYWENDY,

DO U THINK DNMEYER IS GOOD TO GO? IT LOST SOME PTS TODAY BUT HAD A VERY GOOD 3RD QTR RESULT. OVER 100% PAT.

THNAKS

question:
My People, anybody received certificates or CSCS account credited for Oceanic PO in 2007?
Or is it not yet out?

I have received the certificate but have not been able to verify for 3 weeks.

If you bought above 50K then it was posted to you. Otherwise you would need to pick it up at their office.

Windywendy,

Can I have a copy of Wanajo's sheet?

my email is debenzd@yahoo.com

Thanks

@Windywendy,

I was of the impression that WAPCO will release results this month. LAst year it was released on the 23rd of February.

Thanks Windywendy!

Uluo:
Man Jiro,
Oceanic Registrars numbers are  01 2713300-8. Tried calling them but no response. Wish you success.

@Uluo,

I tried too but couldn't get through. I guess the best bet will be to visit them.

Thanks Windywendy.

In answering shigidi, you at answer me small

debenzd:
Dear all,

With 1million how will you spread your cash considering the following and looking at 20% - 30% in the next 2 - 3weeks

NNFM - (considering Dangote listing effect)
Unity Bank - ( Impending PO)
GNI - (No news on likely PO so chances areit may keep up d rally)
7up - (3rd qtr result)
Wapco - (impending end of year result)

Let me know your thoughts.

Many thanks

Windywendy, I can see u are online. Can u help with this. I go appreciate am.

Dear all,

With 1million how will you spread your cash considering the following and looking at  20% - 30% in the next 2 - 3weeks

NNFM - (considering Dangote listing effect)
Unity Bank - ( Impending PO)
GNI - (No news on likely PO so chances areit may keep up d rally)
7up - (3rd qtr result)
Wapco - (impending end of year result)

Let me know your thots.

Many thanks