₦airaland Forum

pumping777:
Something in the PP prospectus. 1.49B shares are expected to be outstanding in 2008 and 2009.

Now that is the "koko" of the outstanding shares issues. All other discussions na disguise. They had 1B b4 da offer and should have had 1.49 after. The offer was slightly oversubscribed. Hence my previous quote of 1.56(?)B shares.

SGN:
@easimoni

Please, if you have time check the spreadsheet I attached, its just an extract of the Ikeja Hotel thing.  I got a 9 day RSI of 23 for 11th Jan '08, still not equal to yours. Could there be anything wrong in it. And also if you Aptistock, check 11th Jan '08 9 |day RSI for Ikeja Hotel. I am just trying to find out where I got it wrong.  Many thanks.

I can't get to aptistock from my office but I examined your sheet. YOu are using the investopedia definition of RSI which uses absolute prices to calc RS. I have since switched to the John Murphy (and others) definition which uses price differences to calc RS.

To get the John Murphy (I can't remember who invented it but John Murphy got it right) version, RS-up is the sum of price gains (not sum of prices on up days), RS-down is absolute sum of price losses (not sum of prices on down days) over the past 9(?) days. Investopedia got it wrong! Maybe Aptistock does as well.

grabdaloot:
I thought so too till i saw this

Ikeja Hotel is offering to the general public by way of an offer for subscription 3 billion ordinary shares of 50 kobo each at N3.00. The offer opens on ,
www.ikejahotel.com/FAQ.ppt


Now my question is do they have up to 3b share outstanding. Also I tried adding the supplementary LIVESTOCK shares to the LONGMAN like you suggested and it gave me 806.9m not 813. Something is not right there as well. Why can't we have straight forward and clean database in the system. let me know if you have further explainations on the the IKEJAHOTEL of LONGMAN

PEr Ikeja hotel, twas a typo. Offer was for 1B shares. No doubt! They writer got his 1s and 3s all messed up.

Can't help you about the NSE database. It'll be cleaned sooner or later. I'm sticking with my spreadsheet.

RoughCut:
I might as well wait till when the Federal government  floats their holding in the Liquefied Natural Gas Project_{i will break the bank to get in!}

Is there really such a plan? 

If you find really really good people, make them partners and give them a share of profits. Go out of your way to provide benefits that rival the companies you are trying to become. Treat them as well as you'd treat yourself. And then PRAY, because no matter what, some will still leave.

@ grabdaloot,
I got it by adding the shares alloted by the SEC (652M) to the shares outstanding prior to the 06 PO (1080M). Total is now 1732M shares.

Per UBA GM, you got good advice from Wanaj0. My guy is buying a total of 2.5M units so I guess we are still safe.

SGN:
@easimoni

Hi, How do you get 9 day RSI of 19 for Ikeja Hotel. I use Aptistock, and the data is up to date today, the 9 Day RSI I got is 41. Please do clarify, may be I am doing something wrongly. Thanks.

My 14-day RSI (in my spreadsheet) is 41. Are you sure you've got the right settings?

Has anyone seen the numbers for the MTN offer? I'd love to see the projections. IBTC aked a friend of mine for N2.5M to join a SPV for the MTN PP. Dunno why other coys are asking for so much. Lead contacted me yesterdday and I indicated interest. Will see how much they ask for. Not leaning towards it though!

Momentum traders; Ikeja hotels dropped 10% this week and has a 9-day RSI of 19 and forward PE of 12. And yes, I own a bunch of shares.  

Re: Chams PP.

News hot off the press is that UBA GM has raised the min # of units to 1M. Now you need N2.5M instead of 100k to enjoy. Tis in response to the overwhelming demand.

Anyone getting similar feelers?

tommy t:
@ all
am still waiting for 4 reply o
pumpin777 and all the guru in the house help me out o!!!

https://www.nairaland.com/nigeria/topic-103844.0.html

A thread devoted to Aptistock

pumping777:
@easimoni - no word back on the Deap Capital query from yesterday. As predicted the stock made a rebound today with 5% gain. My bid was too low and I missed it yesterday

Sorry, meant to answer your question but got busy. The SEC website indicates DEAP was slightly oversubcribed (20% of the PO, 2% of the rights) and alloted. 1B shares b4 the PO, 569M shares alloted, total is now 1.57B. PAT projection from the prospectus is 300M so the forward EPS is ~20K. I won't buy above N3.50 unless I'm trading completely on momentum.

It's similar to Ikeja Hotels, but that had better fundamentals.

pumping777:
The forecast in the PO prospectus was 16B+ so I feel this just meets expectations.

Of course this result can still prompt even further interest in the stock and getting it while on TS now will be near impossible since TS will be over soon.

All PHB traders, make sure you get out soon (per Fo2's usual advice). The PO is sure to be oversubscribed and even though the profit forecast will be met/exceeded, expect the EPS to drop in a few months.

Was that Acron PP a joke or what? I thought they had misplaced the decimals in the profit forecast. 3,000+% increase in PAT in the current fiscal year.

grabdaloot:
@ all,

something funny happened over the last two nights on the NSE site, The # of outstanding shares of LONGMAN increased from 173m to 813m while that of LIVESTOCK decreased from 1.1b to 526m. VONO was also affected. There might be others but I've had my radar on these three for some time. Does anyone know what exactly could have happened. Cos if true the Forward PE of LONGMAN goes from about 9 to 52 while that of LIVESTOCK goes from about 36 to 15. Is someone delibrately trying to mislead other peeps. I've looked at the 10 year history of the NSE, I can't see any evidence of PO or rights issue for LONGMAN. Save for a 1 for 5 bonus in 2006
can't seem to see where the additional 500m+ units would spring up from. Anyone with an explanation will be highly appreciated.
Thanks

Could it be that the 640m shares added to Longman were taken from Livestock? Looks like the discrepancies are in the same ball park. Someone must have posted the livetsock shares under Longman and maybe caused other screwu-ps as well

MyPeace:
@grabdeloot

Thanks for your detailed explanation.

So oversold then means that many people are selling and may equally force down the price?

Oversold means many people have sold and the price has dropped and therefore the stock is now a candidiate for a price increase. Make sure there is no negative news driving down the price, otherwise, the price may keep dropping even after it enters the oversold region.

Ola007:
Question

How does on buy/sell shares under TS? Is it at the TS price or one has to set the price one wants to buy and sell?

You can buy/sell the shares like normal shares. If the shares are "cold", you won't find a buyer unless you offer someone at much lower than the TS price. If the shares are "hot", you'll prob find a buyer at a premium.

Shares on TS are hard to buy/sell (depending on the demand/supply). Most of the trades are cross-deals. Try to avoid TS. You don't know which way things will go.

FatherOF2:
small diversion here,

Ibori don miss for hospital oh.This country.

http://www.saharareporters.com/www/news/detail/?id=490

James Bond dey for naija o!   First Alams dressed as a woman now this.  

oxfordkid:
@father of 2 and all
i hav been watching this thread a long time as an observer and im very impressed by the hardwork and a great commitment you guys have put into this topic!im very proud to be a associated to the country that owns all of una!u are a true blessing to us all !this is my 1st post and i have got few stocks as well but i was just buying just to keep money though my portfolio has done 500% with pure luck but i have with the help of dangote sugar, bank phb etc but don't want to ride on luck any more and i hope with your knowledge nad support i can get to greater heights with you guys

You are most welcome. _{Note however, there is a small entry fee. Pls contact my Chams PP broker, I mean personal banker for further details. Just joking oooooooo!}

CHO:
What could have happened to intenegin. Just returning from suspension already showing red. Is it not too early? or is it that people do not understand what was going with them and started offloading?

Intenegin is too expensive at a forward PE of 31.

@ All,
I'm glad you all are waking up to the issues I've always had with POs in Naija. It's not worth the trouble. Stay in the secondary market.

pumping777:
@easi - I hope it is out of the stock on the top floor. I beg take the elevator to the basement to reload

If I recall correctly we bailed out on the same day abi na partial bail out you do

I bailed at 25 but Lead Capital did not execute I would have loved to reload at 21/22 but now I must stand pat. Rubbish.

Invest08:
Hi everyone, I have been following your comments for sometime now, and I am new in this. Actually a friend introduced me to nairaland. I wanted to invest in CHAMS, but I heard some big guys in naija bought all the shares, but I still see some comments that there may still be some hope for guys like me, Please do you know for a fact it they are actually closed? And do you know if this "INTENEGINS" is open for sales (, they have gained a lot in the past two days).

Thanks.

Chams is open if you have the right contacts. Read thru the thread and contact some guys (e.g Wanaj0) who have inside tracks of the arrangers.

INTENEGINS is open for sale but my file is generating a forward PE of 31. Let is pass.

donilors:
@Pumping777,easimoni

What would u consider the impact of Access bank result on the stock? marginally + or -

it's triple digit growth but it does not project well to the 13.3B they promised us in the prospectus. They sold twice as many shares as they offered and they are not exceeding expectations. I've got low expectations in the near-term; even if they meet the prospectus projection, forward PE is now 29 compared to 16 for UBA. I'm out.

spicie:
Yello,
Can someone kindly help me with the data file, because i can't download it from megaupload, the site is blocked in my country. Tanx

Spell out your email addy and I email the file to you after I update it on Friday.

stanchuks:
@Easimoni
My Oga thanks for this trend, i am finding it difficult uploading into Aptistock or is it not Vista compliance, if so is there a solution for this?
Nice weekend

It works fine on my vista machine. The loading data session never seems to end but if you abort it, it seems to have loaded the data just fine. The charts will work okay.

Dis Guy:
Can you please explain how to set the overbought and oversold lines using RSI
http://www.investopedia.com/university/indicator_oscillator/ind_osc7.asp
cheers

I don't know that you can "set" the lines in AptiStock. I simply do some visual inspection and llok for 70/30 or 80/20

faketan:
hello gurus,

I read about this yesterday and I do not really know how true theis allegation is.

Do some banks really post inflate figures as profits?
http://odili.net/news/source/2008/jan/6/428.html

This article is so poorly written/researched that no part of it should be taken seriously. If someone wants to impugn the banking sector, they need more than a few quotes from some nameless "former director of a bank". Do banks cook books? I believe all companies, including mine, will stretch the limits of the law to instill share holder confidence and generate positive news. Also, one bank can choose balance sheet to lay claim to being the biggest, another uses earnings, another branch network, another shareholders funds. So what, it's the investor's job to decide what really matters and back it up with his/her money.

It concerns me how easy it is to tarnish a reputation _{(any disaporans following the Roger Clemens story?)}. Whoever wrote this story needs a lesson in investigative journalism.

K2:
So, in order words, that was premature ejaculation?

K2! Let it go man! Let it go! If you want Chams, contact Wanaj0 and buy through him.

kpineo:
@all

is UBa the lead issuing house for this chams deal. maybe i can use some of my contacts to pull a rabbit out of the hat.

UBA global markets. I hear some back doors are still open. This is oversubscription waiting to happen.

Pumping, thanks for the Ocenaic update

All, Oceanic now has 22.22B shares so pls update your spreadsheets

kpineo:
What is H1 results? is it the same as Q1

1st half AKA 6 months

chisco:
what's new on the International Energy Insurance? their stocks info has not been listed in the NSE trading list for the past 2 weeks!!

It's on FULL suspension till the share reconstruction is complete.

Pumping, you've trade-marked "No Shivering"?    Abeg grant us permission to borrow it once in a while! 

All the blood on the NSE floor today is making me queasy. _{There was blood on the dance floor, blood on the dance floor and I just can't take it. Long live MJ.}

windywendy:
@AKtopgun and Pumping777: was just reading your posts on Man-You, Arsenal and Co. Funny! Forget Man-You, Forget Arsenal, forget European football!!! American Football ROCKS! and New England PATRIOTS RULE!!! _{man-u bow, bow, bow!}

Wendy,
you've sold your soul to the NFL! And to the cheating Bill Belichik! I no blame you jo! NFL sweet, but forget the Pats, na Manning and the Colts be the "koko"

On a more serious note, I am trying to get in on the Chams deal. My guy in Lagos is bugging them at UBA GM to take "our" cheque. Will see what happens.

K2:
@All. I'm not sure whether it was Barge who brought this up but CHAMS Private Placement ended yesterday. I sent an email to my UBA folks and she said sorry it ended yesterday.
Wanajo & Windywendy any luck?

My sources confirmed the same thing. It closed the same day it opened. some big boys had thier cheques ready.

bigjay01:
@

Techical analysis pro & deluxe (with over 30 indicators) have finally been released on www.nigeriansecurities.com. The data set goes as far back as 2 years

Muchas gracias amigo.

All check it out. Looks like very useful stuff. They are well on their way to becoming the premier website for NSE analysis. Upon closer inspection, it seems they have trouble with a lot of thier calculations. Sharp discontinuities in the SMAs,RSIs and MACDs and SMAs that are far below any recent price? Bollinger bands that are down to zero? Seems like the engine has some bugs.

@ yodi,

My account officer is out till Friday and in the meantime, the service has gone south big time. My orders are also going unnoticed. Good thing I was almost cashless by Dec 31. I dunno who is helping you out (Niyi?) in the meantime, but you can email me at easimoni2004 at yahoo dot com and I'll send you his e-addy. Otherwise, you'll get no love out of them.

@ formunt,

What's your point/beef? You don't think it was oversubscribed? In today's NSE, even Easimoni PLC would be oversubscribed. The offer was not reduced to 20%, twas the preferential allotment (the % reserved for friends and family) that was reduced, which is good for the common man.

Take a deep breath before calling someone a liar. You WILL give account of even idle words.

@ NBA, correct! Strong offer on all the Ins. Coys? More blood tomorrow!