₦airaland Forum

windywendy:
@Easimoni, I hope you didn't get caught napping in the Standard Alliance TS. My broker told me about the impending TS and I shared it on the forum some days ago.

Never owned it. Just pointing out that it makes 2 Insurance companies in 2 days going on TS.

Standard Alliance is on TS, Lasaco lists 7B new shares and some peeps bought 170M units of Soveriegn Trust today!   Insurance is a minefield. I'm out.

SavvyLanre:
Anyone, with the Quarterly spreadsheet?

I assume you are talking about the one Wanaj0 shared with us months ago? If so, type your email addy and I'll send it to u.

RoughCut:
Yeah if that is true that will not help the share price at all. This is one of the life-long stocks in my portfolio. The question for me is do i want to be left holding a stock priced N80? that's assuming they do a 2:1 reverse split

It's a case of pick your poison; do you want a stock with a high nominal price or a stock with 20B shares. I prefer the high nominal price. I believe as the market gets more sophisticated, people will see that the cake does not get bigger as you cut it into more pieces (borrowing Wanaj0 phrase). They should all reverse split jo! The march to the 100s is inevitable.

kpineo:
Who mentioned University of Suya PP, make una no kill person oh

I believe no need to continue updating spreadsheets to load into APTISTOCK with the new deluxe tool on nigeriansecurities website. Data for up to 2 years, thats wicked.

The University of Suya PP will be followed by an "Easimoni PLC PP". All oversubscription will be accommodated. No monies will be returned.

My only fear with nigeriansecurities is that they'll one day ask us to pay for the services.

My guess is that UBA's 3B new shares is to give them room, not for a PO, but for a bonus. Now they can do a 1-for-6 at the next FY. even though UBA has the lowest forward PE, it has the highest NOMINAL price in the sector. A bonus can correct that. Having a high nominal price drives away some investors.

@ Omo-boy, the spreadsheet in your post belongs to pumping. Mine is attached

@ Wendy,
so what do you have as the # of outstanding shares? I (and the NSE website) have 133M. Just noticed a surge in the # of shares being traded on this stock. Could it be the people who benefited from the rights?

[quote author=WASKY-WAJA link=topic=31554.msg1888746#msg1888746 date=1201292851]FO2,WINDYWENDY,PUMPING AND THE REST THANK You GUYS!!!! GOD WILL BLESS You ALL IN THIS FORUM.

My Friend is currently on the verge of getting a 40m loan from a Naija bank for a period of 6 months for a 21% interest rate and he want to invest all in NSE. He is thinking of investing 80% of that in the inssurance  sector and 20% in the bank sector. Am afraid because the amount is huge. could FO2,Pumping,wendy and  others suggest the stocks he will likely make like 100% in the next 6 months for him.

God Bless you all ! and may the sick by whole again. Amen.[/quote]su amigo tiene hígado grande or is it "cojones grande" What collateral is he offering the bank?

Anyway, tell him to stay away from Ins coys, half of them will be on TS sometime this year; disaster for a short-termer. If I knew of any stocks that must make 100% in 6 months, I'll be the one taking the loan and not your friend   Tell him to buy UBA and Oceanic. I'm pretty sure they'll beat the 21% interest he is being charged. However, 40-50% is the best (realistically) he should hope for. I hope he is not prone to high BP O! This is not a small bet.

yodiyokun:
I know this was provided a some pages back, but I have searched can't seem to locate it.

I need the updated outstanding shares spreadsheet - I am trying to update my spreadsheets but I doubt I have the correct numbers on some companies.

pumping, how have you adjusted your spreadsheet for this new year, I am thinking of adding new columns , do you have any other ideas?

https://www.nairaland.com/nigeria?topic=31554.msg1881159#msg1881159

Pumping posted his s.sheet here

SOJ:
@easimoni
thanks for your tips here man.i downloaded the software ad followed your instructions but couldnt get it to work.i deleted the data files in program files and uploaded our NNSE data into the data folder.Still it failed to list NNSE under "files" in the lefthand tab.Can you help me out here?

Did you go through the import process? You can't just copy the NNSE.csv file, you have to import it use the Aptistock data downloader. Message #3 on this thread describes how to import the CSV file into Aptistock. Have u done that? If you have respond and I'll think of something else

osazeet:
@Easimoni,
Goodmorning to you sir, please i,m asking of you same above. i will be very glad if only you can really help me out. my e-mail id is osazeet@yahoo.com

No need to use "sir", I could be 18 for all u know   There's a great e-book you get for free when you register at

http://www.stockmarketnigeria.com/forums/

Dunno where you can get free e-books on Warren Buffet. If I did, I'd have copyright concerns. My email is easimoni2004 at yahoo dot com      if u still want to talk offline

Hopeozah:
Hello House,

Would like to buy some stocks from the floor, someone suggested that i invest in the insurance sector, precisely Lasaco and staco, I sincerely need your advice, whether these are good stocks, if not,,,which do i get.

please i need it urgently before i use the money 4 something else.

Standard Alliance looks good. Staco and Lasaco have high RSIs (good chance they'll drop next week) but are otherwise solid INS buys. R u sure about Ins though? Custodian is on TS and I'm sure a dozen more will join by mid-year. 15% of my folio is on TS,   I'm not taking the risk of adding more

tonyjon:
If this is correct, then I don't think any reasonable person should buy IPOs / POs again.

You have seen the light!

@ All, I checked nsepro.com , Zenith Securities and my FSDH daily report. All have diff sets of closing prices. If u look at UBA, u'll see that the # of deals (and volumes) increases as you cycle thru nsepro, FSDH and ZSL in that order. It seems the previous 2 rushed reports to clients and did not capture the final few deals that ZSL did. Which brings me to my question; isn't there a daily official list from which all floor members extract the final numbers that we see? Is there no way for the NSE to ensure uniformity of numbers?

Rhemagirl:
gurus, i am waiting o!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!tell me how nahco shares were alloted because these people are robbing us in broaddaylight

Ki lo de? Ask nicely now! We no dey pay anybody for anything! That said, can't help u   Don't do POs so I don't follow PO news unless someone posts it here. I'm sure some will sooner or later. Try running a search on proshareng.com to see if they've heard anything about Nahco allotment.  Also try the SEC website at www.sec.gov.ng

aktopgun:
THE INSURANCE PRIMARY MARKET FORAYS BEGIN FOR 2008!

CUSTODYINS: CUSTODIAN AND ALLIED INSURANCE PLC GOES ON TECHNICAL SUSPENSION TODAY 24/01/2008

Let the games begin! Expect Ins Coys to start heading north as they inflate prices pre-TS. I'm looking forward to seeing Custodian's numbers; the FY 2007 PE will be ~33 and now they are adding shares? Anyway, Japaul's #s are much worse and it's climbing

Cactus:
Lagos air looks so clean

Yes it does!

Not to justify the actions of the offender(s), but CNN ran a tv article that proves cell phones don't interfere with navigation/safety systems on airplanes. It's a safety myth.

SavvyLanre:
Wema People - sorry o,
Please, does anyone have an excel sheet with the current outstanding shares for all the stocks trading on NSE.
Please, post if you have it.

http://www.futureview.com.ng/research.aspx

Thanks for your condolences. Click on the link above, then select "Market Snapshot". It's an excel file just like you asked for.

pinokio:
easimoni, fo2 et al, nice going chaps. please id like to know if c& i leasing at the current price (9.61) wil be a good buy this week ive already got 3000 units bought at N5.50 plus an extra 4,900 units bought at N9.00 last wk. i think there is still a lot of fuel in the tank of this plane, what do u think. abeg ansa quick, time is money

Nope, don't think there is much fuel left in the tank. Try UBA and Ikeja Hotels instead.

@ "Wemarians", the sum of all your excess luggage never reach my own! To think I correctly predicted the TS date but left 25% to see what glad tidings the PO would bring. Anyway, the 25% I sold still dey my belle. Hopefully, the new managment can limit the damage to the 2 officials and show some good results in the near term. This coy may be on TS for a looooooooonnnnnnngggggggg time.

Femtex:
Thanks Dr. Easimoni

How things for your side. Hope say you no dey see this cold weather.

I dey see am o my buy, it's turning me into a couch potato. The bad part is the nose bleeds due to the dry winter air.

Shigidi, Heroes may be over but you need to get the new hit series : "the Sarah Connor Chronicles". Been hooked from day 1. I'm sure you'll like it too.

Femtex:
Mr Easi,

Where do u get your information from relating to up - to date number of shares outstanding and past PAT/PBT?

I do a lot of scavenging. In the case of Ikeja Hotels, the PAT and outstanding shares (B4 the 2006 PO) were obtained from the prospectus (still on the Ikeja Hotels website) , the SEC website provided info on how many shares were actually sold during the PO. Add the two together and chikena!

[quote author=invisible! link=topic=31554.msg1877403#msg1877403 date=1201036377]@easimoni, wanajo, pumping, would you consider Ikeja hotels a buy at its above figures and current price?[/quote]I bought ~ N4 in Nov so I'm solid. My only grouse is that they appear to have "lost" money in the 4Q of 2006 (the 3Q was higher than the FY PAT), I'm hoping that does not happen this (past) FY. The stock seems to be catching-on  in nairaland. Hope the deep pockets create a good exit point for me. But to answer your question, yes it appears to be a solid buy with a 2007 FY PE of 12.5

kevyngbash:
easi,pumping,roughy, abeg how first bank and ikeja hotel. are the current prices right for entry?

I'm not a First Bank fan, just never liked the stock. The 9 month result is due (max) by val's day. May be enough to give the stock a much needed boost (apart from the Post-TS run, the stock has traded v v flat the last 12 months).

windywendy:
@all: which company is WAAP and what's making it close on high bid? I just asked my broker that question and he says "don't bother about it, it's a dead company". Why would a dead company be in such high demand . Anyone knows anything about this company? Please share

WAAP is West Africa Aluminium Products PLC. It's a 2nd tier company so I have no more info to share w/ u.

yodiyokun:
anyone with the numbers on Ikeja Hotel?

Shares 1732M
FY PAT 2006 526M
Proj PAT FY 2007 843M; basis 3Q07 PAT = 632M
Trailing PE = 22.7 (courtesy FSDH)
Forward PE = 12.5
PEG = 0.38

http://www.businessdayonline.com/national/2475.html

Yahwah for Transcorp never seems to end.

http://www.megaupload.com/?d=HQLCZ5H0


NSE OHLC data from Dec 2006 to Jan 22, 2008

upward:
@Pumping, easimoni. etc

Please can someone send me or upload the updated data for Aptistock, please

I'll post the updated data in this thread in 30 mins

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

Blood on the Insurance dance floor today. I hope most of the CICOers got out last week. No news expected for 3 months. I suspect there'll be a bearish run on Ins Coys for quite a couple of weeks at least.

[quote author=invisible! link=topic=31554.msg1876184#msg1876184 date=1201015551]Abeg make afrinvest no use their detailed report cause riot for banking stocks.
If them yab GTB, who them go praise now.[/quote]Na true dem talk about GTB. We've debated on this forum if GTB can even make 20B this FY when Oceanic made 9B last Q. They were on par just 2 short years ago! GTBank is still the most respected brand in naija (so says an independent survey), but the faithful shareholders (alas, I'm no longer one) must be looking at the rest of the sector in envy.  

RoughCut:
That report is 88 pages! what time you get to read am and more importantly what time do you get to sleep?

Keeping up with nairaland is a job on its own and coupled with some other things. Abeg just give us the koko in one or two paragarphs jare

It's really much shorter than that. Lots of charts and tables at the end. The koko is; they expect M&As as the banks struggle for #1; the mid-tiers will not catch up to the top-tiers despite the impressive run of late; they are all looking for ways to hand out consumer loans; they all have the same strategies for growth.

As Wanaj0 said, the number have changed a little but it makes for good reading. Small yabis dey for Aig and Access bank too. Read in-between the lines.

BTW, have you all downloaded  and read the Afrinvest report on the banking sector in Nigeria? A very detailed, well written and aesthetically pleasing report. Some analysts are really earning their money. Anyway, the report is very bullish on Union bank and claims they are in some sort of PP mode to raise 180B.       Anyone with more concrete gist? Some yabis for GTBank and Wema Bank was not even mentioned as a mid-tier bank. Good report. Read it!

http://www.proshareng.com/blog/wp-content/uploads/2008/01/afrinvest-nigeria-banking-report-2008.pdf

Temmie10:
FCMB's forecast PAT according to their prospectus was 16 billion , so i would regard that 10 billion PAT as being too conservative.

Temmie10 is back! And correct! The prospectus claims N15-16B. With a 25% oversubscription and the 900M shares in GDRs, you get 16B shares and a forward PE of 20

pumping777:
Funny enough I did not board this flight. Instead I have put all my eggs in one basket of Afribank with each egg costing N26.16. The only fear is that any turbulence can break the eggs but the Captain has assured me of no such surprises.

Pumping! You're no longer an fundamentalist? Afribank has 11.13B shares (assuming the PO will be 125% alloted) and a projected PAT of 11B, giving a forward PE of 27+. I know CICO is sweet but I wouldn't apply it to the more expensive stocks. Too much downside in Afribank for me.

@ Invisible, are you using Zenith? They've been having that problem for weeks now. Software must be screwy!

They will def charge you OD on your account and maybe interest as well. You can call the RM or his manager and rake! Complain that the purchase be reversed at no cost to you. Or (if you want to keep the stocks) tell them you'll pay the debit when/how you choose and they MUST NOT charge you OD/interest on your debit.

shigidi:
@ easimoni, sent u a mail last week. hope u git it
@ easimoni, do u think first bank is good im considering it but im not sure wether to get first bank or more UBA. please holla

Got the email, just responded.

I'm all for UBA at the moment. I know FBN's 9 mo result is due soon but I've never been a fan. It may be the impetus the stock needs but UAB is sooooo much cheaper at the moment.