₦airaland Forum

Greetings to daddy napoleon

To contribute to the next generation the way u re doing is sthg that is priceless.Gd bless u sir.

@ all I actually use finmal. Even with my small money I get some respect and prompt service with a few allowable errors here and there.

I acutally have been refering pple there as the preferred of my brokers.i can give orders for same day execution at about 9.00 am
It was Father of two that mentioned that some of these unknown brokers are actually more effective.

samstone4:
@Napolean

As you're online now can you please comment on what is going on at Transcorp?
The recent bull run and the sudden development with Nitel, although some of us were aware that Transcorp will be left with 10-15% of Nitel. The minister's interview with Reuters seems to confirm this figure.

Is the government dancing to the gallery by the pronouncement?
Is there a Northern agenda, as it is perceived that transcorp is a southern company? I know some of the activities of the Transcorp leadership we hear have been very unethical.

What's your take?

Samstone4

@elder Napoleon

Expecting ur reply to the above. Any insiders info on the goings on at transcorp.
We ll appreciate.

marco74:
whats happening 2 ci leasing??a few people siad it was over priced some days back yet its been doing nearly 5% appreciation consistently??is something cooking that we're not aware of??make una yarn o!!!!!!

One of the most interesting books Ive read is how to make money in stocks by J Oneil.(Investopaedia classifies him as one of the ten greatest investors of all time) In it he draws conclusion based on 40years of data in the US mkt.
He found that %increase in earnings per share and not PE is the most important for some of the stocks that have had the most amazing runs in history.
That said for those in Cileasing already its good(cant say how bad the effect of new share listing will be).Cant say u should enter now sha.

U can see from law Union ; the point at which it did a flag(though not classic )and the dist it has gone upside after breakout.
Comments welcome

Just a thot on tranexpress

@ easimoni
Sorry to bother, can u please help post OHLC data for yday.11/02/2008
Just narrowly missed gettin myself before prices were updated on trw.
Tanks. Gd bless.

INSURANCE COYS SET FOR PUBLIC OFFER

Proshare News and Analysis
Insurance firms set to approach the capital market
Posted Sunday, January 27, 2008


With fierce competition in the financial services industry gathering momentum, insurance companies may have come to realise that the new minimum capitalisation in the industry has become inadequate hence operators are making frantic arrangements to raise additional funds from the capital market.



Besides, The Guardian gathered that the general acceptance of insurance stocks in the capital market may also have been another reason why the underwriting companies are eager to take advantage of the support of investors to further raise their capitalisation level above the statutory requirement.



As a result, a number of the underwriting companies has concluded arrangements perhaps awaiting regulatory approval to launch out before the end of the first quarter of this year. In the league include Niger Insurance Plc, AIICO Insurance Plc; Sovereign Trust Insurance Plc, Linkage Assurance Plc among others.



For instance, shareholders of Linkage Assurance Plc, at the company's yearly general meeting held early this year in Lagos, approved the board's special resolution to raise additional capital for the company. The resolution stated that the directors be authorised to raise additional capital for the company in anyway the directors deem fit including by way of a private placement, by issuing shares up to the maximum limit of the authorised share capital of the company.



The chairman of the company, Mr. Babatunde Falayi-William said at the meeting that "the need for the additional fund was to offer to our clients world class insurance services through a highly motivated and professional team, applying the state of the art technology to maximise returns on shareholders investments."



Similarly, Niger Insurance Plc is set to raise additional N6 billion in the capital market before the end of the first quarter to fortify its operations. Specifically, the shareholders had approved the special resolutions of the directors to issue by way of public offer for subscription and/or rights issue at a date and upon terms and conditions as the directors may in their discretion determine.



The Managing Director/CEO, Niger Insurance Plc, Mr. Justus Clinton Uranta who spoke to The Guardian confirmed the need to source for additional capital to enhance operational capacity.



Said he: "When you look at foreign investors coming into Nigeria with �5 million and when you convert that into naira, it makes nonsense of what we have here at the moment. Since we are thinking of playing global, we must match what people from other countries that you are going to compete with are also having, if not beating them so that they will know that you are a strong company. As a matter of fact, strong companies are coming to add value to the economy. The second reason is that we do not want to remain at the minimum capitalisation because the danger is that it is not good to allow your company to be statute driven, that is, for the government to always dictate for you."



According to the Niger Insurance boss: "This would closely align our company with developments in the economy in order to sustain our commanding profile in the country's economy by maintaining and sustaining our brand attributes of strong financial capacity, high earnings capacity, growth and profitability."



Also, a source at the corporate head office, Sovereign Trust Insurance Plc said that the company would be going to the capital market before the end of the first quarter to source for N10 billion to strengthen the financial capacity of the company.



He said: "The board of the company has approved that the company should source for additional N10 billion in the capital market before the end of the first quarter to strengthen our financial capacity as a major player in the industry to be able to exploit opportunities in the local content policy as well as meet challenges in the financial services sector." - Guardian

Fellow Nigerians
We ve just lost our first match to Ivory Coast.
Our coach was a major decider with some poor substttutions
Make una pray o!

bigjay01:
price list for today

@ BigJay
Please can u post the pricelist for 08/01/2008 and 15/01/2008.
did not get them on those days.
Thanks.

I ve also been able to use data from trw site to update aptistock. The data from zenith site does not work.
Think its becos the input format is different.(alignment is differrent).

at Big Jay
Sent You a mail.
Having problems with the sheet for formating zennith info.
It imports well into aptistock after using it and saving databas a csv-msdos file but the software does not read it after importing

Will appreciate your help. Thanks for your generosity.

bigjay01:
Aptistock data from 01/08/07 till date

@ BigJay 01
How do we prepare the csv update from zenith site.For D sheet u provided, after usiing it Aptistock does not read the data.Please Help.

windywendy:
You this man, make you take time oh! Apart from bigboylarry, no one has a crystal ball to tell exactly how a stock will perform. At best, predictions can be made based on fundamentals and maybe some technical analysis. Eventhough I'm not one of those who responded to your inquiry, my guess is that at the time there was nothing exciting about the stock then. The peeps who give recommendations here can only do so based on whatever analysis is available, and if I might add, that takes a lot of work and a generous heart. Sometimes they'll be right, sometimes they'll be wrong. But it's all done in good faith. So make you no lash out at any so-called "guru" for doing their best to provide answers to your inquiries. Abi you dey pay them salary? Oya apologize na na!   _{smiling, but angry}

@ invisible
Windywendy is Seconded. This is a forum that exists on generosity.It 's only God that can say how exactly the market will turn out. We appreciate all responses whether from the long or short term perspective

pumping777:
What errors are reported after the import fails? The underlying window will display the errors. These are small files and minor processes. Resource will not be an issue for your computer.

@ pumping,
the program begins importing the data and somewhere along the line there is a vista message that the data downloader has encountered a problem and stopped responding and will close. Meanwhile the error dialog box on aptistock does not show any message after the initial message before importing.I dont know whethher its a vista issue.Has anyone using vista successfully run aptistock.

pumping777:
Did you get a hard error during the installation?

Happy New Yr to all.
May this be our best yr ever on NSE.
I was able to install aptistock on vista syst and create the mkt and and uopload the symbols.
Problem is I ve never been able to import the NSE.csv file manjiro made. Whenever it starts importing, it stops responding midway.My laptop has a centrino duo processor with 1 gb RAM.
Any suggestions from the house? Man Jiro, Big Jay01 et all

bigjay01:
Texas543

If you can download and install 'Aptistock V1.12' It has more charts than you would 'ever' need. The help section also presents a general guide to interpreting the charts. It's 'wicked'

@Bigjay01
I have found it difficult to input raw data into aptistock to generaate the charts can u help.
I saved ur excel data in .txt/.csv format but it kept on telling me data format is unknwown that i should use metastock Ascii format.
Thanks for ur reply

bigjay01:
I only have from August '07. Any good?

@bigjay01
Will appreciate it greatly even though tis from august
thanks.

bigjay01:
I download from Zenith securities, run a macro in textpad that tab delimits the field (by changing all spaces to tabs) then copied and pasted in excel. Unforttunately I only have from August this year till 21st of Dec. Its pretty str8 fwd to do. Is this any good 2 u? or do u want it further back?

@bigjay01
can i have ur historical pricelist. Been trying to update the database we got on this site from FSDH but not possible. I will appreciate this greatly.
U can post it or send to my email drdaniel04 at yahoo.com

hello guys. Gd bless ya all.
Learnt a lot from u guys.
Have been to adapt one of the RSI tables for UNIC one of our stocks to watch.
I now see how in Nov alone using this u could have done thirty something percent.
I have attached it.

hello guys. Gd bless ya all.
Learnt a lot from u guys.
Have been to adapt one of the RSI tables for UNIC one of our stocks to watch.
I now see how in Nov alone using this u could have done thirty something percent.
I have attached it.

@ Wanajo
C u re online. I just placed an order for diamond and Ngc for today or friday
Reasons: Diamond ; I think impact of Actis funds should begin to show from Q3 n Q4.
They ve still got a rel low PE compared to peers even after Gdr
Looking at 8 months.

NGC; Low PE, maybe a bonus. Also looking at 6-8mths.
Hoping to do 50-100% will be ok.
What do u think

Welcome back wanajo.
HOW WAS CAMP.

THE NEXT LEVEL. I wont be left out myself.

All the best of God's guidance next year to the whole house.

grabdaloot:
@ololufemi
Stock picks on this forum , you are joking right??. Before finally deciding to break my vow of silence I have been sitting on the fence for some time and I have noticed all the complaints someone really has a deep pocket on these pages. Its hard to believe but it is ture. Might not be a blogger but just an observer. Folks here are pretty much on top of their game when it comes to the stock market. Anyway after I have completed my buy orders, I'll check your profile and email you my own views. But hey I am no expert and don't know your investment objectives (capital gains, institutuional or dividend hunters) for all I know you might be the deep pocketed fella

The last 4-5 pages have beensome of the most educating.
We are also quite a no of doctors here o.
Now I now there are really deep pockets here.

@grab da loot
Can I share from ur wealth of experience.
Ur stockpicks > My email is drdaniel04 at yahoo.com.
Thanks.

@ Aktopgun Congrats on ur baby.
The comraderie shown on this forum is amazing!!!

@ wanajo

"On DSR, it is undervalued, relatively low PE with expansion/growth expected in 2008. That should help the bottomline. Yes the quarterly dividend is an issue but going forward, the market will definitely recognise its value. Also in a bearish market, don't expect it to take a hit.

on First Bank, yes I've factored in the dilution. By the time Q1 2008 result is out, FBN will skyrocket. They will definitely exceed the forecast in the prospectus. FBN has all and more that Zenith and co has. Look at there branch expansion strategy, look at the money from Western union, look at the deployment of the N250bn raised. Come 2008, expect a mind blowing performance from First Bank. Now if they recover part or all of the N10bn from the IIL saga.

WAPCo, not too bullish about them. Good stock, good company but not well favoured. Loss of the MD to Obajana is also not a good sign."

Thanks for the insight. Apreciated.

@ oga wanajo

"DSR and First Bank should be money spinners in 2008. They are positioned for great things."

I consider ur opinion well well. I share some common convictions wit u( also a pastor)

What are ur reasons for selecting these stocks and what time frame and price level do u project they will achieve. I know DSR is trading at a low PE and expansion is likely. But what of this quarterly dividend thing that stunts their performance.

For FBN;dont u think the dilution from over subcription will affect this yr perf.

What s ur take on Wapco.

Actually Ive got a facility I want to invest for a 8-12mths
So I m looking for the best one or at most two.

Will apreciate other contributors.

Welldone to everryone who has made this forum alive.
Wishing us a bullish 2008.

easimoni:
I know you must be tired of Wema by now but this punch article may interest you.

I'm not selling.

Thanks for the info. We cant be tired. Im just trying to decide (like many others) so we need all the info. I just got Wema at 10.80 few days bak.

@easi what price did u enter averagely. Im thinking of exiting now to enter at a lower price.What do you think. Other opinions welcome.If what they ve said in this article is anything to go by, Wema will be worth it going forward.

I'm disappointed with the MD .Why will he say they have"haywire results " when he knew they were going to write off risk asssets. Any way He s tried, in clearing these bad loans(80% of them) during his two yrs at the saddle and they seem set for a good future.
The lower the more attractive it gets
Imagine Tunde Lemo who was MD during the time some of these loans were awarded now Director of Banking supervision at CBN. What a paradox?

Re: Contacting cashcraft. I earlier placed the e maiil of one of the staff at Abuja Office.
eliakim.uzamere at cashcraft.com. He said to ease funds transfer to buy uniondiagnostics u will need to use a relative or friend u trust in Nig. who will help wit the transaction. Any way still contact him.

@ advertisers of get rich quick schemes. I think this is not d right place to advertise ur wares.

Thanks to d whole house for making it real on nairaland

@all

@windywendy:Ur analysis is so great.By d way how did u come about this sort skill.
congrats on ur baby.
@easimoni and Temmie U guys are da bomb

@ all thanks for makin it real on this site.

Went to Cash craft at Abuja 2day to make enquiries on union diagnostic pp.
Made enquieis for u guys who are nt in naija how u can partake.
D form is available on their site.They have a dorm acct d guy(d staff who attended to me) says.

But most impt is first get to email d guy so he can inform u better.

eliakim.uzamere@cashcraft.com

D pp is to close for 14th sept 07

Finally d dangote flour ipo is out sept 3.What do d u guys tink.Seems they will be usual over subscription and return of monies.What are the prospects technically.To avoid return of monies some are saying buy in small quantities in relatives names etc.But what about verification and eventual sale.Gurus in da house pls reply.easimoni ,aylala, temmie10 ,everybody
http://www.businessdayonline.com/?c=54&a=15631

Finally D IPO is for sept 3.What do d u guys tink.Seems they will be usual over subscription and return of monies.What are the prospects technically.To avoid return of monies some are saying buy in small quantities in relatives names etc.But what about verification and eventual sale.Gurus in da house pls reply.easimoni ,aylala, temmie10 ,everybody
http://www.businessdayonline.com/?c=54&a=15631

frankiriri:
Just read in business day that Dangote flour IPO will begin on the 3rd of Sept

Finally this info seems valid although trying to verify frm from other souces and not yet able.What do d u guys tink.Seems they will be usual over subscription and return of monies.What are the prospects technically.To avoid return of monies some are saying buy in small quantities in relatives names etc.But what about verification and eventual sale.Gurus in da house pls reply.easimoni ,aylala, temmie10 ,everybody
http://www.businessdayonline.com/?c=54&a=15631

[read below.Sorry Pls.

hbrednic:
hot hot, think airline services and capitol oil for de last qtr of 2007.thats all i have to say for now.

@hbrednic. Thanks for your generosity with this info. But we will need to know d premise on which your advise is based so we will not be acting blindly. If your info is going to help us as u intend we need this additnal info. Gd bless