₦airaland Forum

help me:
@kevyngbash
The price was even above N40.50,it was N40.90(last friday) on NSE,she was telling me the stock is still on pending,and the price have dropped to 39.55 today.I gave her a mandate of N40.50, because i don't know before the NSE lift it from pending,may be na N30.Help me the gurus.

Leave the NSE out of it, they've done nothing to your shares. The NSE did not put your stock on "pending", your broker has been unable to sell, hence your sell instruction is "pending" execution. Capisce? If you want to sell immediately, give your broker permission to sell "without limits". I'd generally advise against such, but you sound desperate.

[quote author=invisible! link=topic=31554.msg1873441#msg1873441 date=1200942962]@drdaniel, what has cote d ivoire beating us got to do with the price of first bank? or will the eagles loss stop me from getting another 5% from japaul oil tomorrow?[/quote]Leave drdaniel o! Some of us (in diaspora) have no way to watch the match. Thanks for the newsflash.

LoanBroker:
@All especially Easimoni and Pumping777, I don't understand the offer/bid figures. How does it help me in selecting stocks?

High bid figure means there are a lot of people waiting to buy. Means the price is likely to head north until the demand is satisfied. The bid/offer will have to be high relative to the daily volume for it to make a difference.

For example, if a stock has a net bid of 10M but trades 1M daily, it'll take ten days to satisfy the demand. Means the price should rise for ten straight days. By the time the price rises for 3 days, some people will renege on the buy order and walk away, some people will see the 3 days of gains as an opportunity to sell. By the 4th day, the price'll start to drop as they'll ge into a net offer position.

Use it a short-term indicator, it has no use outside 1 or 2 days.

[quote author=invisible! link=topic=31554.msg1872360#msg1872360 date=1200924811]@blest, are you saying Nigerian are good at reading books? I have just decided to abandon my almost completed manuscript for a book I have been writing (now 130 pages)
My reason is that all around me, none of my friends have read a complete book despite my prodding. Everybody borrows my films but nobody has ever asked to také my books!
Everybody will like me to tell them of my trading strategies, but when I give them book references for further reading, they get up and say bye.
Even the internet, they never browse pages like nairaland, they prefare colored pages with more graphics than letters.
I better leave my money alone, rather than using it to publish a book that will gather dust on some book stand, with nobody to read them.[/quote]I also started to write one but I got tired of typing. PLus there are so many great books and websites already that I know laziness is the only reason why people can't understand what's going on. Enough time to watch "E!" or "BBA" but not enough to learn where/why to invest. If anyone want's to write a book on the NSE, I can dash you my few pages for free - or maybe I'll just resume writing it when I have free time.

Quick math on Tantalizers' PP; post-PP shares will be 1,287M shares. If you assume PAT went up 50% in 2007, 07 FY PAT will be ~N200M, which yields a trailing EPS/PE of 16k/32.

Chams is cheaper by an order of magnitude. Fashi this one.

Isn't First Inland a "Northern Bank"? No disrespect to my Northern Brethren but it seems the Hon. Wadada is looking out for his peeps.

wanaj0:
It is a function of your portfolio size and transaction value. For 'big' clients, you will be offered 1%. It is not for everybody!!!!

So I am big? There's a 1st time for everything!

NBA:
@easimoni

Do you mind sharing what your reduced commission is - it tried with no luck to renegotiate mine, I want to try again.

My commission is now 1%, used to be 1.5% Good luck.

donilors:
@easimoni,

Did they charge u intrest on the overdraft?

Do u know the rate if they do?

In the efficient manner of operations at Lead _{(can you smell the sacarsm?)}, they are yet to tell me the nature/amount of the OD, just that I should be aware of it!

yodiyokun:
Tantalizer PP Explain ooo.
Meanwhile - anyone heard the excuse from their broker that executing trades on the Stock exchange floor is now very slow?
That their computer link is very slow,
My account officer just told me Lead's trade for today was just about 50% executedooo and he doesnt know yet if my instructions were carried out.
I don tire for all this ke!!!
Who are we to believe hen?

My UBA buy order (buying with all my might and strength  ) was only 50% executed yesterday. Might have been related. Lead is full of excuses sha! They even had the nerve to hit your's truly with over-draft when my account was red. The catch? I was N1m in the red because they failed to sell N3m worth of shares despite the absence of a price limit! I dey watch them 

Re:Tantalizers, Make una release info jooooooo! Listing in 6 months? This smells like a tantalizing, money-doubling opportunity! Did I mention it was tantalizing? Ok, no more jokes, hit me with the prospectus! _{Chei and I don dash chams all de money}

aktopgun:
i issued a buy on UNIC yesterday but on further analysis, cancelled it this am and opted for oceanic. sold off some of my diamond today, just got the tradealert here in london

Smart, V  smart!

@ detruth, welcome! But we like to agree and disagree politely.

Man Jiro:
Thanks: will check it out.

I think it would still be wise to use the aptistock/metastock as backup though. You never know when these guy might change their mind about free usage.

Man Jiro,
thanks for the work and the links. Also agree per your comments; it's only a matter of time before they ask for money for the non-basic versions.

model1780:
Good night folks (or is it good morning? ) seems ds board was left for a few of us 2nite, need to get some beauty sleep,

Since you are a model, u need am. Sleep tight!

[quote author=invisible! link=topic=31554.msg1862788#msg1862788 date=1200610333]I see a situation where GTB will release FY results by second week of february, less than a month from now.[/quote]You must mean early March - GTB's FY is February. It will take 2 months for an audited FY to be released. Expect GTB's FY in April.

SavvyLanre:
@ Easimoni - Did you factor in the newly listed Shares?

Bros, no one dey track outstanding shares pass me! The PO shares are included.

Speaking of overbought/oversold; Oceanic is soooooo oversold at the moment. 9 day RSI is ~ 11. Dunno if they've "finished paying for the PO sins" but the forward PE (~17) and low RSI show that this is a good stock and a good time to buy. I'm into UBA though, just thot I'd point out the Oceanic numbers.

Ololufemi is busy counting the money. Will return a couple of millions from now

FatherOF2:
I dey watch the Diamond. That stock is under remote control.It must peak out by friday.
i don cross 31% profit on it.
But i no wan sell all now (just part this week),just move your 30% go another stock so that you go dey chop on a weekly basis from all angles.

When did u buy your Diamond? I got mine in Dec for 18.60 and with reduced (thank u Fo2) commission I'm up only 21%. Set N24.50 as my exit. Hope it gets there tomorrow.

Or do we wait for the 9 month result expected within 6-8 weeks

yodiyokun:
Thank God I didnt sell all my Lawunion - enjoying 68% apart from commission now. But no volume chei!!!

Nice to hear that Lead's performance is improving. My account officer is back so I'm back in the game. They threw me a curve ball yesterday; charged me OD becos they couldn't execute a sell order which would have put me in the black. I just dey look them.

I'm getting out of Law Union. No more "news" expected for 5 months as we await the FY 2007 and 1Q08. I don't expect any sustained bull run in the absence of any news (true for the Ins industry in general). I predict LUR will drop N1 (to ~N4.80) within the next 2 months and I'll get back in. That's my story and I'm sticking to it!

Iwerebor:
Selling your Wema will be an act of philanthropy.

Iwerebor, long time! Welcome back.

Ola007:
But people are still acquiring WEMA.

Are they? Wema's been on net offer since the day it went on TS. More people are trying to sell than are trying to buy. If you wan't to buy, contact me; I have more units for sale than I have hairs on my head Not that it means much since I'm balding (or is it thinning? )
Anyway, contact me jooooooooooooo!

Rhemagirl:
Please all the gurus online ,kindly advise me as to how trading goes on even with a technical suspension on a stock because i have seen it happen several times and i wonder what shares are being sold since there is a technical suspension

Shares on FULL SUPSENSION cannot be bought/sold. Shares on Technical Suspension can be bought/sold. Question is; would you buy a stock knowing the price is frozen and you can't make money unitl the suspension is lifted? Most people would stay away from a stock on TS unless they know there is a shift in fundamentals (e.g PHB in the last 2 weeks).

Trading is done like any other stock; find someone who wishes to sell/buy, shake hands and exchange money/share certifcates!

@ Man_Jiro,
Megaupload should be easy to use. If you have issues, let me know. Maybe you can email it to me and I'll "megaupload" it.

Should be useful stuff.

[quote author=top_kin link=topic=31554.msg1855496#msg1855496 date=1200431784]I am sooooooooo happy with the Japaul i bought Omo, i don hama!!! [/quote]"un-Hama" beofre the additional shares are listed o!

@ Wendy,
Ikeja Hotels looks cheap at the current price. 2 things that bother me:the 9 months for 2006 was higher than the FY for 2006. Looks like they "lost" money in the last 3 months of 2006 (I thought the last 3 months was when Hotels made most of their money). Also, the PAT growth rate is in the teens. The 06 prospectus is still on the website if you wish to read it.

http://www.ikejahotel.com/

windywendy:
Yes! GO PATRIOTS!!! _{but wait oh, i thought you were a colts hommie?}

Look at the A-section of the WSJ, front page -- nothing to do with naija stockmarket though . . .

I AM a colts fan (really a Tony Dungy fan) but, unlike most sports fans, I'm always quick to congratulate a winner. And that's the best team in any sport I've ever seen.

Read the John Paulson article. At least someone was smart about the whole subprime thing. I've got my own subprime stories (the wife almost bought a 2nd home as an investment a couple of yrs ago, had to pull the "husband" card and veto the purchase, Thank God! Empty lots left, right and center). My current estate is also half-empty. Kinda has me worried about having to sell when it's time to move back to naija. Shame.

Anyway, back to the lecture at hand!

@ Wendy,
congrats per the Patriots! I hope Brett Favre slays them in the superbowl and then rides off into the sunset.

windywendy:
By the way, did anyone see the John Paulson story in today's Wall Street Journal?

I may be able to get my hands on my boss' copy. What/where should I look out for?

But UBA is not merging with the bank, it is simply buying its assets. It should have no effect on the # of shares

pumping777:
Chei. If UBA should slap us with PO and TS I go fight o

Someone should send me the conferencing details to the AGM make I go air my opinion jare.

Well. Looking on the bright side. Even if UBA lists the entire 15B shares, the forward PE is still around 20 (but add another 5 for the risk of the cowboy CEO ) making 25.

PO in consecutive years? Don't think UBA will attempt it. They could simply be making space in the authorized share capital for a 1-for-4 bonus. After all, the nominal price is the highest in the industry (not that that means anything to me, I'm concentrating my portfolio ASAP).

kpineo:
daily position

Looks good for Ins stocks tomorrow! Don't understand the offer on UBA I go dey buy more sha!

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

OHLC & Volume Data current as of today! Still looking for someone with data that pre-dates April 2007.

Naijadr:
Actually the 10% is a 10% fees on dividends, have you noticed that, and why is that?

Govt of Naija charges a 10% "Dividend Witholding Tax". One more reason why I try to exit before the dividend closes. No need to pay more to Uncle Sege/Musa

pumping777:
This looks like a poor result considering Q-2 PAT was N119.5M but maybe it is in line with the quarterly trend.?

I concur; a little below expectations. + No more news till June/July.

As previously stated, NFI Ins was de-listed today

pumping777:
Wow. Interesting. So where did you get this update from? I will see if Meristem provides the update today. Just worried about how easy it can be to lose tract of the right figures for this ins. because.

I got it in an unsolicited email from "Stockpicks Research". I knew something was up when the NSE Index and the MArket Cap did not gain the same % on Friday. Knew some shares had been listed but FSDH did not say which. Neither did Proshare. Kinda makes you wonder.

A total of 637,726,000 shares were added to the shares outstanding in the name of AIICO Insurance Plc on Friday, January 11,2008 following the conclusion of the Merger between AIICO Insurance Plc, NFI Insurance Plc and Lamda Insurance Co. Limited. NFI Insurance Plc was delisted following the merger with AIICO Insurance Plc.

A total of 4,498,205,285 shares were added to the shares outstanding in the name of Cornerstone Insurance Plc on Friday, January 11, 2008 following a successful placing of shares with Capital Alliance Private Equity 11 Limited.

This did not show up on my FSDH report. Thot you all might want to know. I guess Wanaj0 has been warning us regarding Ins coys that merged or sold to private equity concerns. I'm sure more of this will follow in that sector. Cornerstone shares now up to 9.56B