₦airaland Forum

gbengaijot:
i place an order for 1000 units but did not get it yet. Does anyone know how true it is that Diamond bank is floating an IPO

I thought they cancelled the PO plans after they got some Foreign Direct Investment. Might be wrong.

agba1:
@windywendy,
Can you please place the memo on this thread for the benefit of all. This will save the energy of sending it individuals mail.
Cheer

She already tried that. The file was too big.

wendy, hook a brother up at easimoni2004@yahoo.com

mycc:
i just bought 100,000 units of transcorp , so ?

Why in the world would you do that?

shigidi:
@ easimoni, is there any website where i can get info on the hot stocks right now, or will u advise me on any magazine that can help. please reply asap. thanks

Try www.proshareng.com and www.stockmarketnigeria.com

Both sites contain good information and not a list of hot stocks. Beware of anyone who offers you a list of hot stocks. You'll get ur fingers burned!

egoldman:
Easimoni , you dey expose my secrets about ABC TRANSPORT oooh , i think they say business is secret

LOL!!!! But after we agreed it was a "BUY", we had plenty of time to stock up. I don buy my own ooooo!

@ femlaj,
sorry but I'm not a fan of Access either, especially not during a PO. I think you might be better off with GTbank, Wema or UBA.

enurayce:
Please all the gurus in the bouse reply

Since the in thing is about stocks that have made it, will anyone in the house with all that its takes in marking out penny stocks with growth potential avail us all with some of these stocks to enable us cash in on them and make good returns. Your response will be greatly appreciated. Thanks

Ok ok ok. since u've asked this question a dozen times on this (and other) threads, I'll attempt to answer. I generally avoid penny stocks but I like ABC transport and Beta Glass. A few people have recommended Mutual Benefit and other insurance stocks. Read the thread on insurance stocks for more info.

I don't like the PEs of cornerstone and Crusader. Based on the new shares they listed, Cornerstone has a current PE of ~100 and Crusader has a PE of ~50. If there is a correction, high PE stocks will be the first to go. A lot of downside on those stocks.

@ oxytech,

yes, you are quite right about 1st bank not inflating their shares prior to the PO. As a matter of fact, they had announced the PO weeks before the price was suspended. All the points u made are valid.

My advice remains the same: do what Frank suggests. Buy on the floor and wait till the suspension is lifted. Only borrow money if you have the liver.

[quote author=CO_invest link=topic=52566.msg1207979#msg1207979 date=1181960386]I'm about to set up an account with one of the stockbroking firms back home and I'm about to decide between F&C securities, Afri-invest or Lead Capital,

I've contacted all three firms and I'm really liking F&C Securities but would like to get anyone's opinions on these firms.[/quote]Stay away from Lead Capital! Tell them easimoni said so. Oh wait! That's not my real name. Seriously, I use Lead Capital and I would not advise a friend to join me. Thinking of switching myself.


Never heard of F&C but Afri-invest at least seems to offer sound analysis.

@ windywendy,
clearly u need to post more often. A CR agency is clearly needed and could be big business. If the memo is a PDF or word file, would you mind posting it for us all to read and decide?

If I were u, I'd only do this if 1.65M is not such a big deal. It could take a while for a start-up to start yielding returns

slaykay07:
I have heard people talking about money getting returned beacuse someone has bought too much shares in cases of oversubscription. How many units are people refering to as too much shares please

I would like to know just in case of big elephant, so that i can use my siblings names for buying large units.

It all depends on the level of oversubscription. If they are not oversubscribed, they won't return anything. If they are (and I'm sure "big elephant" will be), the likely cut-off will be 50k units. If you are buying less than that, no reason to worry.

ijogbon:
If anybody else has gotten similar emails here please post let us know.

I think I will be postponing my visit to Nigeria for a while till i can be better reassured.

Thank you people.

I got an email saying I won some lottery in the UK (yeah right!) a few days after I posted my email on this site. I only use that email for nairaland so I know this is the source. You have to be prepared to deal with such if you put yourself in the open. Don't use ur regular email (or name) when posting on this site!

Ijogbon, don't let this slow u down or dissuade u from going to naija. Still money 2 be made.

@ oxytech,

you are right about short-term deals being harder to spot. It looks like we all have to settle down and be investors and not speculators.

I won't advise you to take a loan to invest. 5M is good enough to start a portfolio. If there is a market correction (and it's really not if but when), you'll really hurt. Take Frank's advice and buy 1st bank shares on the floor and watch the price climb as soon as the tech suspension is lifted (look at the other banks), but that will take 4 months from now(?)

If anything, stay away from Cornerstone. Wema might be good

windywendy:
The foreign investment is in form of equity, and infact, the foreign investor has long been the sole agent of Mbenefit. The 25% equity stake is being alloted to the core investor via existing warehoused shares, so there'll be no increase in the number of shares outstanding.

Nice info, pls keep it coming

@ All
just saw the contents of this thread posted on the proshareng website. Looks like a simple copy and paste job. Even though I know nairaland is in the public domain, something doesn't sit right with me about taking our comments ad verbatim and using them to promote another site.

egoldman:
I personally have decided not to buy the this offer , i may need my money to trade other stocks or for something else in 3 to 4 months and the certificate is not likely to be posted by then , though i could use the e-allotment system, it may still not be credited to my cscs in such time frame, wish you guys that buy all the best .

My point exactly

Kashif:
@easimoni,

How far with Mutual Benefit please

I don't know. I don't follow them. Sorry

ferugio:
@easimoni

Can I email you on a diff issue? I really need your expertise.

easimoni2004@yahoo.com

I've had the same UBA experience as ferugio. IT seems you'll always need a cheque or an ATM card. Don't forget you pay about N10 for a cheque. If you want to withdraw money without an ATM card or cheque, it should cost u money. Just not N250. These banks are rip-offs.

ferugio:
@all-smiles

The best site I found for analysing trends is cashcraft. See link below

http://www.cashcraft.com/pricemovement.asp

Select the coy of your choice and change the dates as appropriate.

Good luck

Nice one. Just added to my list of favourites.

shigidi:
easimoni, aylala frankriri et all.
what do you guys think of ABCtransport. do u think its a gd buy. this is more directed to easimoni because i saw u post sumthin on them earlier

I like ABC and just ordered 300k units myself. I'm expecting an EPS of ~15k when the full year results are announced.

Based on the number of new contracts they've signed in the last year and the expansion plans in Nigeria and to Ghana, I think they could witness rapid earnings growth in the next few years.

@ doyenn,

Sure, advise Frank and his club to invest in Enron and WorldCom instead.

Dis Guy:
hi easimoni
where do you get results of companies especially those that don't have a website, i have been trying to get info on CCNN for a while now especially at the early stage of march, though the price is currently flat i can't get anymore info on them. what do you think about a ccnn buy to sell just before obajana comes out?
cheers

My brokers send me a daily price update that inlcudes results released by NSE companies. It's about the only useful service they provide (Are u hearing, people of Lead Capital??). I store the results and refer to them when I analyze.

CCNN's last result was for Full yr 2006 and showed a loss of 35M. Unless u have info that the company is about to be turned around v soon, it's a must sell.
[quote author=all_smiles link=topic=31554.msg1199320#msg1199320 date=1181753942]Please can anyone tell me what these stocks are doing six months after their IPO/PO
Zenith, UBA, Oceanic, PHB, Dangote and Intercontinental[/quote]http://www.zenithsecuritiesng.com/marketanalysis.php

Check out prices here.

Ayoolu:
I am really suprised that nobody has commented on the rofo rofo fight going on in SPRING bank( Owena/Citizens/Guardian Express).

We have to be careful of all this fantastic figures being posted by this banks.

Lets be careful. To the Gurus - urgent advice required for the house

It speaks to the need  for investors to research the fundamentals of a company before investing in it. Since bank consolidations ended in Dec of 2005, SpringBank had not released a single quarterly statement, yet people traded their shares. With no basis to calculate EPS or PE, I often wondered what analysis led people to invest in such companies (Transcorp included). I guess it was pure speculation!

Anyway, God will judge them for duping people out of their hard-earned money. CBN ought to have caught this much sooner. I don't think this should dissuade you from investing in banks, just be very careful about the smaller ones, especially when you don't see results.

Grouppoint:
Stock Gurus,
Assuming an outlay of N10m to play the market.

N5m for long term, and N5m for short term buys.

1. What are the hot stocks to buy as at June 2007.
2. What is a winning strategy to achieve at least 100% profit by year end?

100% returns by YE? You're in the wrong business. No one can guarantee that unless they know something we don't. The other 2 threads on stocks are full of advice on what to buy. These are undervalued stocks with the potential for above-average returns not 100% return in 6 months guarantees.

Anyway, I like GTB & WAPCO for the long-term and I don't see any more short-term buys. Everyone is getting sharp.

K2:
I want to correct something real quick. There's nothing wrong in being in a long term investor once you identify a fundamentally sound stock. I see folks advocating saying no to PO and pulling in and out of stocks. If that works for you that's fine. It just means you are a trader and not an investor. While you are making this hefty returns in a short time, remember that you can also easily be burned and miss out on awesome returns long term especially when the market gets more sophisticated. To my long term folks, don't be dissuaded, that's how Warren Buffet got where he is. Where are all the day traders of the 90's on NYSE and NASDAQ and those that were mocking him? If you had invested 100k in FBN in 1994, you'd have over N10m today. Enough said.

You quote Warren Buffet but even he generally avoids POs (I've read his biography and follow all the news about him). I agree with you that my advice leans more toward trading than investing but what do you expect from a market where companies are raising money everday and continuously diluting shareholder value. Isn't the mantra of every successful company to maximize share holder returns instead of diluting them? I won't advice anyone to not buy 1st bank, I just think POs are a bad idea on average. There are other sound companies not out there doing POs. I don't believe in timing the market, but I believe in buying undervalued companies and selling them when they become overvalued. No Sentiments. Even Warren Buffet teaches that. And 1st Bank PO is not undervalued and they don't have "sustainable competitive advantage", something Buffet always looks for. At least I don't see it.

Aproko:
please aylala, esymoni, chartered accountants, pwc and all the other gurus whats your take on 1st bank po? do you think the market will be oversaturated and share prices will be stagnant or rise slowly? and why does gtbank scare me so much?

We devoted an entire thread to the 1st bank PO. All our opinions are there. Not my thing but def a good investment.

https://www.nairaland.com/nigeria/topic-45329.160.html

GTBank should not scare you. It's one of the most fundamentally sound banks on the NSE.

As per all the questions on insurance and penny stocks, I don't follow them. Not trying to be "uppity" but this is only a part-time job 4 me and I can only follow so many stocks. I'm sure someone else will soon respond.

dollyp1cute:
@Easi, thanks

So which stock can i buy with the N5m to give me N7.5m by Christmas and I am not ready to tie my money down on all this IPO hen.

A safe bet is WAPCO. The market seems to have taken their eye of this stock because they failed to declare a bonus and only gave a N1 dividend. It has solid fundamentals and could do 50% by yr-end. Also, the upcoming ban on importation of cement in December may play on market psychology and drive the price upwards. I own quite a few shares myself.

Another option is AP which is really a N100 share if they can put all the ownership problems behind them. I also like Oando but Frank and Wanaj0 have been arguing over this stock on the other thread so I stopped buying. Not going to argue with two accountants Others ABC Transport, Longman, Beta GLass, and RT Briscoe. GTBank but the price is already taking off.

dollyp1cute:
Right back to stocks, i suppose money to buy IPO from the broker will also count towards the minimum abi it is not so/

Yes it does.

donne4real:
This website and forum has been very enlightening.
Does anyone know of any other reputable stock brokerage firm that allows online account monitoring and have low minimum requirements?

Try my brokers, Lead Capital. Website is www.leadcapitalng.com

They require N1m and they allow online monitoring on a daily basis. But expect poor service (2+ days to execute an order) and ZERO analysis.

mishoo:
Whatever people say, am still holding to my transcorp. It is for long term invetment and am sure i wont regret it in 5 years time, (if The world hasnt ended).

Transcorp could be a great stock in 5 yrs but even the prospectus showed that they intend to make a loss in the first yr of operation. why not invest in another stock and buy back transcorp when the they start to turn the company around? Do you invest out of pride or to maximize returns? transcorp won't help you maximize returns.