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Easimoni's Posts

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InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 1:31pm On Oct 29, 2007
[quote author=no_shaking link=topic=31554.msg1628492#msg1628492 date=1193660380]FY 2006 N6.6b Loss After Tax (LAT)!!![/quote]WOW! That didn't even occur to me. In that case shocked lipsrsealed cry
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 1:17pm On Oct 29, 2007
[quote author=no_shaking link=topic=31554.msg1628458#msg1628458 date=1193659845]WEMA FY 2007 - PAT N2.55b; EPS 0.25k

FY 2006 - LAT N6.6b

Very disappointing results!!! angry angry angry[/quote]It sure is! Was the FY 2006 PAT = N6.6B? If so then we know the much-talked-about goodwill is responsible for the bank's declining fortunes. I'd like to see the 2007 interim results b4 I pass final judgment.
RomanceRe: What Are You Addicted To? by easimoni(m): 3:41am On Oct 27, 2007
Vitamin Water
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 2:41am On Oct 27, 2007
Naijadr:
go COSTAIN!!! Yes, I picked up a big amt last week at N19 and I had issued another purchase on Tuesday but not sure if they got it for me, I pray they did, cause if so then I see manna! Thank you God grin
I'm buying into PO as well in as much as I don't like them, can't beat the 30% discount! So thats N10 abi?
Yes it's N10. See Proshare.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 11:02am On Oct 26, 2007
motai:
i will in no small way appreciate your advise on this:
am a student and i av =N=22,000 and i want to invest it in stocks.i do not know weather to buy the ongoing fidelity bank or fcmb IPO(but will only buy few stocks ).or to put all in the insurance sector(for long term) and which insurance company will u recommend.THANK YOU VERY MUCH MAY GOD BLESS YOU.
I'm buying Insurance companies esp Crusader. I'll also recommend M Benefits and Law Union & rock.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 11:00am On Oct 26, 2007
shigidi:
i am kicking myself for not having any COSTAIN earlier, how can there be a 30% discount of rights over po price!!!!!!!!
@ easimoni, i know you hate pos but this might be one worth jumpnig into. grin grin grin
You must be a mind reader wink

The discount is a reward for faithful shareholders not us bargain-hunters. Let's see the prospectus but I suspect I may be forced to eat crow and buy this PO for a change. tongue
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 12:37am On Oct 25, 2007
dollarmani:
D-DOTS,

check out www.nigeriansecurities.com. They may already have the info u need. They sure have a lot of data available once u subscribe. I use them for monitoring the value of my portfolio and also their graphs and valuation page for determining my fundamentals.

Though they seem conservative as the PE ratios of the companies already factors in the potential shares allottment all the people with recently concluded IPOs or are concluding right now will have at the end of the exercise. I like that.
pumping777:
Thanks. This site is great,
I Concur! I signed up and I really like the layout. V professional (well almost; they need to format the numbers better. Can't read ten digits without commas or spaces) but I hope they improve
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 12:22pm On Oct 24, 2007
Exchange-traded Funds are coming to the NSE.

http://proshareng.com/myproshare/portal_news.php?id=3057

They are also likely to cut transaction costs.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 1:07am On Oct 23, 2007
pangolo:
Dr Easimoni,
I have a question that will need some pancreatic amylase to digest and deliver an energy-rich answer. With the recent injection of money into Transcorp, that means that someone believes in the company and it's management has the right connections to get funding for the coy. Should I just throw in some money into Transcorp and forget it or do you think the worst is not yet over? I know that if they don't start delivering SOLD, REASONABLE news within a year ( NOT JUST EMPTY TALK), shareholders will dump that nonesense and look into insurance. SO to be or not to be?
Thanks
Dr? I no read book reach that one! Transcorp will deliver a loss in the current fiscal year. They plan to deliver a profit of ~25k per share for the 2008 fiscal year. It has the potential to make it's shareholders v rich but my plan is to wait for my other investments to "mature" before I buy some Transcorp. Maybe mid next yr.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 11:14pm On Oct 22, 2007
shigidi:
@ easimoni,
i recall you and wanajo have has some conversations on BETA GLASS. i never really took notice but from my calcs., it looks pretty solid , its half year PAT was 321million and its half year eps is 0.7. its full yeareps projected to be 1.4 or there abouts and should be 20 naira to say the least. am i correct in these calculations and what do u think about this stock ?
You are spot on and I did buy some upon wanaj0's recommendation. Sold it after it went on a run and it has since stabilized. The forward EPS is 1.4 but I dunno what PE the market will place on a BETA glass but 20 may be optimistic. The only downside is they made a lot less in the 2nd half of last year than in the 1st, what if that trend continues? Maybe 1.4 becomes 1.2
European Football (EPL, UEFA, La Liga)Re: Manchester United Fan thread: Forever Reds by easimoni(m): 6:46pm On Oct 20, 2007
Another O.G.?? I'm not watching again. I wanted a game not a massacre. grin cheesy kiss
European Football (EPL, UEFA, La Liga)Re: Manchester United Fan thread: Forever Reds by easimoni(m): 6:42pm On Oct 20, 2007
Rooney hit the bar. Pretty sure he'll get the 'trick unless he gets substituted
European Football (EPL, UEFA, La Liga)Re: Manchester United Fan thread: Forever Reds by easimoni(m): 6:37pm On Oct 20, 2007
Penalty for Manchester United!

Wayne Rooney steps up for the hat-trick. Saved! embarassed angry
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 12:54am On Oct 20, 2007
shigidi:
@ easimoni, how is work? havent seen u in a while on the thread grin.
BTW, has the 2nd season of heroes started in the H-town grin grin

anyway, i have been concerned about our crusader calculations, i hear they acquired some companies , that means we can't accurately ascertain the amount of shares they have.so our calculations are inconclusive. i know they are a top coy. but i think it might take longer before we can get appreciation out of it.
Work dey. Heroes is on episode 3 (or 4) am I'm luving it!

Crusader acquired 5 companies and wanaj covered them a few days ago but you can find the list on the SEC website under the mergers section. Those mergers (but one) were all consummated in over 8 months ago and no shares seem to have made it on the NSE. I think someone may have mentioned the new companies were paid for using warehoused shares (not sure how that works).

Our calculations are somewhat inconclusive but I will be SHOCKED if they list up to 1B additional shares. and I don't think an addtional B shares will be a major game-changer. If more? ? ? Anyway, we'll get the audited results in ~6 months and all will be clear. If it drops on Monday, I buying more.
BusinessRe: Buying From The Floor by easimoni(m): 8:53pm On Oct 19, 2007
When you buy a public offer (PO), you have to wait a significant amount of time to recieve your certificate. This means you have to wait 3-12 months before you can sell the shares you bought. (Shares bought on the floor can be resold in 3-5 days) The benefit is that POs are offered at a discount to the current floor price hence you make more when you sell.

POs are a lot more profitable as long as you are willing to wait a while to receieve and register your certificates.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 7:25pm On Oct 19, 2007
aquita:
@easimoni and the other gurus in nairaland,

you guys should be teaching us how to analyse companies (stocks). is better for u to teach a man how to fish intead of giving him fish all the time. regards. grin grin grin
I joined this forum 5+ months ago. In that time frame, I have offered advice on the need for/how to calculate simple ratios to evaluate the relative value of stocks. Wanaj0, Frank, Temmie, Wendy and others have done the same. I know it's a long thread now sad, but there is a lot of good stuff and links to even better stuff buried in this thread. I'd love to go over it all again but I have a full-time job. sad Tell you what, go to stock market nigeria and sign up for that forum as well. You'll geta free e-book that summarizes fundamentals. Investopedia.com is a also a good resource.

Now I look for gist and gurus' opinions on specific stocks. grin
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 5:11pm On Oct 19, 2007
harrisoft:
@wanajo

And all.

Please can anybody give me a link to a site where i can see NSE daily stock prices.

showing P/close: open: high:low:close: volume: and Value.

thanks.
www.nsepro.com
InvestmentRe: Stocks That Can Make You Rich In 2007 by easimoni(m): 2:11pm On Oct 18, 2007
rasputinn:
Man Jiro,Rough cut, shigidi, easimoni, aylala & all I hail oooooooo.
What is happening to insurance stocks,is it advisable to buy now that they are falling?Is that sector stable yet?How d'you guys c UBA,there results look impressive,the thing just dey disco me,so I be wan put some pepper for like 4 months,but I no know how the levels go be
It is advisable to buy insurance companies now because they are down ~30-50% from the highs in June. They may drop further, they may not but it's a good time to buy.

UBA is very impressive and should deliver N23B in profits. But with shares now totalling 11.5B following the PO, N2 EPS is too small for a stock selling at N53. I'd pass on UBA for now.

DO NOT invest for 4 months. Stocks are designed to deliver superior returns in the LONG-TERM and not 4 months. Think of it as a long-term savings account and not a trading opportunity.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 2:05pm On Oct 18, 2007
whitelexi:
Seriously concentrating on the insurance sector. . .
LOL! V funny. grin :DMy head was spinning reading all the stuff posted above.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 5:01pm On Oct 17, 2007
shigidi:
@ wanajo, FCMB looks like been the most solid banking offer out of the latest ones. and its projections make sense because they have already acheived 130% growth fromQ1 result. better than fidelity by miles and miles.
been offerd at a pe of 23, which aint too bad for banks and a forward pe of 14, the lowest of all banks, (outstanding shares inclusive)
Fidelity is being offered at a forward PE of 16 so the difference is small but at least we have FCMB's impressive 1Q results to give us more confidence in the forecast. Still these mid-tier banks have some ambitious forecasts.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 4:54pm On Oct 17, 2007
wanaj0:
Well NEM is on a free fall. Not sure the prices will fall that low. Question should be how high can some of the prices go from where they are now.

For me, Crusader is the jewel in the crown. That's one to go for.
To think NEM actually reached 6 bucks! I wouldn't rate it a buy unless it drops below N1.50.

Regarding how they go from here, I'd bet Crusader, Law Union & Rock (maybe M Benefits) will do 80-100% in the next 12 months. But it seems Ins companies are also gearing up for another round of POs/rights in 2008.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 1:10pm On Oct 17, 2007
CBANJ:
Easi, just noticed your signature, big Heroes fan eh?
HUGE FAN. Best show on TV.

[quote author=Mr. Risky link=topic=31554.msg1591545#msg1591545 date=1192621494]Thought GTB half year result is due? Should we expect it this month? Is Bank PHB pursuing GTB? What with their first quarter results of N3.5b, N3.5b? Many things are happening lipsrsealed[/quote]GTB is usually good about releasing within 6 weeks of the close of any quarter. Should be any day now. But the GDR propsectus did not contain any enticing forecasts.
Speaking of forecasts, anyone have the FCMB prospectus yet. Googled it to no avail yesterday.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 10:13pm On Oct 16, 2007
All,
hope you saw Law Union & rock's 9 mos results. 537M over 9 months. With 3.437B shares, that's an annualized EPS of 21k. Not bad for a N3 stock. Hope other insurance companies will release similar results.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 10:06pm On Oct 16, 2007
shigidi:
wats the sudden love with ibtc shareshuh its gone past the 16naira tender offer. despite its modest fundamentals. huh huh
Hmmm. Maybe Stanbic brings more to the table than we realize. If the addition of Stanbic enables IBTC to double earnings, it's well worth 20 bucks. Only time will tell. Not a chance I'm willing to take.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 5:23pm On Oct 16, 2007
[quote author=Mr. Risky link=topic=31554.msg1589587#msg1589587 date=1192551459]Gentlemen: WanajO, easimoni, and Co

All that you guys have said about BONUS are very, very correct.

Why, though, I said AIICO is generous is because even when they were gradually returning to profitability, in their last year rewards, they also gave 1 for 6 bonus. So in good and bad times, they give what majority of Nigerian investors prefer - BONUS.[/quote]I get it, I just wonder why anyone hangs on to a company losing money just because of a bonus. I know they do it (and that we can benefit from such market sentiments) but I think people will ultimately start to see the light as the market gets more sophisticated (and it will).
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 5:20pm On Oct 16, 2007
Temmie10:
My answer is "If the shareholder is so pissed off about the bonus declaration, he should take his handsome profits and go and buy Nestle or Total".
Personally, If any company I own declares a bonus, I watch it rally for a few days and then issue a DUMP (not SELL) order! I can't stand  to wait around for my shares to show up (have a colleague waiting for a Conoil bonus from 3 yrs ago) or to see the fundamentals get bungled by the host of innumerate (mathematically illiterate) analysts who won't (or can't?) factor new shares into the EPS/PE calcs. I always get chastised for the attitude but I believe bonuses are simply a distraction. I hope ALL the companies I own give a bonus at the FY so I can watch the rally and then DUMP them.
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 4:14pm On Oct 16, 2007
@ Wanaj0,
give us the gist on First Aluminium. Saw on the other forum that you might take a position. Are you expecting a turn-around v soon?
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 3:49pm On Oct 16, 2007
pumping777:
I believe Access was on net bid during the TS because some investors wanted to sell their current holdings to buy the PO at a "discount".

After the offer closed, the attraction was no longer there. With the current dip in price some of these investors may now decide to sell all the same,
Nice theory. I think I buy it. I also believe we are seeing how deep the market really is. All the funds the banks have raised this year have depressed the sec market in the 2nd half and continue to do so with PO after PO after PO.

I was high on Access (still am). A little disappointed I couldn't turn it around for a profit quickly but if it drops anymore, I getting some more. It's the cheapest bank on a forward PE basis (assuming the PO is not heavily oversubscribed); the only one with a forward PE under 20 (incl. PO shares) and has a PEG of 0.15
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 3:41pm On Oct 16, 2007
[quote author=Mr. Risky link=topic=31554.msg1589193#msg1589193 date=1192544338]hI WanajO,
With all due respect, if AIICO was giving BONUSES when they were not doing well profitably, it confirms my statement that they are GENEROUS. Unless you are saying the word GENEROUS has suddenly changed in meaning. If they were doing well and were giving bonus that would be a different thing. Here they were not doing well, according to you, and yet they were giving their shareholders bonuses. Are you saying if they return to profitability, they will withdraw those bonuses? I don't think so, hence I MAINTAIN that AIICO is GENEROUS. Regards[/quote]It's the word "bonus" that has changed in meaning. Bonus means something extra for free but in the NSE a bonus means taking my cake, cutting it into smaller pieces and telling me the same cake should be sweeter because I now have 12 slices instead of 6.

Reminds me of the Yogi Berra story: A waitress asks Yogi if he wants his pizza cut into 8 slices and he answers "I don't think I can eat 8 slices, why don't you cut it into six". The same pizza!

The point is AIICO gave bonuses to distract you from the fact that they were not profitable. Bonuses don't mean anything, they never have and never will. I'd never buy a money-losing company even if they were giving 100-for-1
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 2:21pm On Oct 11, 2007
shigidi:
@ easimoni,
university press just released half year results, 95% increase in earnings, projected eps of 0.72 come march. sjould at least be 10 naira by then.
The results were very impressive and I'd def rate it a buy. Caveat is they also seem to make the bulk of their profits in the 2nd half of the year which makes things less predictable. I'm looking to get some myself, do you have any other info outside the fundamentals?
InvestmentRe: Stock Market Tips For Nigerians by easimoni(m): 8:27pm On Oct 10, 2007
wanaj0:
Anyone with the Oceanic allotment basis alsohuh
MD said they raised N175B , which is ~10.6B shares @ 16.50ea. Not yet official.
InvestmentRe: Stocks That Can Make You Rich In 2007 by easimoni(m): 3:20pm On Oct 10, 2007
N176M was for 6 months! not just the 2nd Q! The EPS is 22k!

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