₦airaland Forum

presiade: It's done according to your account number with the registrar (First Registrar in this case), and not according to names...

Okay, thanks. Noted.

janykute: Still have not received mine.

A friend told me that it is usually done alphabetically (don't know how true). So they will usually start paying those whose surname/name starts with letter "A" and on to "B", "C" and so on. My surname starts with A but I am not sure if that's how it's actually done. Hopefully you will get yours soon.

janykute: Please any news on the First bank dividend?The payment was suppose to be today or am i wrong?

Received mine today via E-dividend.

Analyst view (FOR THE WEEK ENDED FRIDAY MAY 31, 2013)
The Market cross the N12tr mark this week N600b short of the highest point in reached in March 2008, thanks to Dangote Cement and NB, as both companies account for 38% of the total Market Capitalisation. Other stocks that have helped to leap the market capitalization up include Nestle Foods, Guinness and Wapco. Indeed the market still has more potential since only a few companies contribute to the current rise in the market indices.

Following the recent trend in the last three weeks, the market movement has been 2.49%, 1.2% and 1.19% up respectively. If this trend continues, it is likely the week ahead may end on a bearish note as short term profit takers effect may prevail. Investors are advised to watch out for a good exit price and an entry point on the other side of the week.

Stocks to watch for the week/month ahead:
1. Skye Bank
2. NASCON
3. UACN
4. UAC-PROP
5. OKOMU
6. FBNH
7. ETERNA
8. CAP PLC

The above stocks have fallen the most in the last two weeks, so we expect to see a rebound on them in the weeks ahead.


Disclaimer:
The information above was gotten from my stockbroker. Please due deligence is important.

Toluway: I'm also waiting on Japaul to know when it completes its prolonged southwards journey. It is still dipping. I dont want to miss the train when it heads north.

I think Japaul oil will get to the benchmark price and stay there for a while before heading north. I don't know what is wrong with this stock. I got over 100,000 units before the market crashed. But at current price or benchmark price of 0.50 kobo, I would like to increase my stake in Japaul but not sure if it's going to be a good move considering the quantity I already possess.

stockbull: "the nigeria stock exchange market updates"
MAY AND BAKER is a good buy now for the medium term.the annual report shows increase in positive indicators but it does not create margins.the coy may not pay dividend but with a lot of achievement the company would make this year and the current available operating capital, it looks good. The company may come to the market in less than two month to raise capital and the price may have been so high then. there a lot of positive lines of codes that is yet to be decode on the nigeria stock exchange.this is pure SENTIMENT but just TAKE NOTE.More thing is that the health care sector is some how neglected as they've not been consistent in paying dividends and publishing outstanding positive results and it's because foreign countries are budgeting and spending big money on health and this sector is doing outstandingly in foreign stock exchanges and those companies are big competitors to our indigenous drug manufacturing companies.most drugs that we see are made from india and china and marketed here in nigeria.the sector will improve the sentiments of investors.

@Stockbull. Thank you very much. It is noted.

Toluway: Thanks guys. I picked 7up for short cum long term potentials. Strong and durable. Long term brand. It is also dividend paying. I only thought an international reputation like 7up will be more reliable and trustworthy than Dangote on long term basis. I also think that Wapco would be more reliable than Dangote's show in a competitive scenario.Kindly let me know if you dont agree with my outlook Elai, I'm a learner.

I am aware that many of the stocks I mentioned have suddenly faced southward. Ihedioramma you will recall in my post above that I said that I will buy these stocks "when the technical indicator points bullish". One shouldn't blindly jump into the market like that. I'm waiting to jump in when the bus resumes it's Northward escapade. Should I call it Northampton? Thank you for your sensitisation.

We are all learning and like I said in my post... my opinion. I wish u best of luck and hope to learn from your analysis above if it turns out well.

Toluway: I thank God for showing me this forum some months ago. I thank all contributors. I thank Stockbull. I am always a learner, and I have used every opportunity to learn here . Depending on the assessment of the Gurus, I might be fast becoming a real stock trader, by virtue of how far this forum has built me. I will continue to solicit for your assistance.

I hereby inform this learned and honorable house that I have decided to open a new chapter of my trading career by proposing to put my fortune on the following stocks, when the technical indicator points bulish-

Skye Bank
Okomu
GTB
Zenith
UBA
Access
Nascon
Fidelity
Presco
Dangote Sugar
Guiness
NB
International Breweries
Nahco
Wapco
J.Berger
7up
Livestock
Stirling Bank..

I like your stock pick- well diversified. However, you seem to have too many banking stocks in your list. 7up is a strong stock but slow moving in terms of price appreciation. I will only go for it because of its good dividend and bonus history. I will not go for Livestock except on a short term basis. Wapco is good but does not have fat dividend and bonus history as expected from a coy of its type. I would rather go for Dangote Cement at its current price. Pls I hope my post does not upset you or anyone. Just my opinion... I'm still learning.

Redoil: does stock you have listed are very good i would have sugest you avoid penny stock (except livestok feeds) i dont know why they are not making good move. Manufacturing company and banks (gtb, uba) have tried while first bank and zenith will soon follow suit.

I think this livestock is only good for short term. Very soon UACN will acquire the remaining 49% stake and if this happens, there will definitely be share restructuring like what happened when ETI acquired Oceanic. I personally don't trust penny stocks at all.

feelamong: Am not a fan of Penny stocks... but for those of us looking for a good penny stock; UBA CAPITAL is the stock to buy!!

pls note that I have just finished buying a few units so I might be biased sha!

Oga Feelamong I hail u. I am always scared of getting into newly listed and emerged companies. Considering the fact that UBA CAP is a new entity from the restructuring of UBA PLC, how can one value such stock since they have no past records?

question: I wonder what is pushing GTB while Zenith and FBN still dey car park.

Especially FBNH, Zenith is okay and following up with GTB. FBNH will kick off in the month of June.

Seconded.

UACN has been marked down to N57.41 for bonus and dividend. Does anyone know when a share price should be marked down- is it when the company declares both dividend and bonus at the same time or any of the two. Also, is this a good time to acquire this stock or should we wait a little and see if the price will go down further just like Okomu Oil?

lancee: Please let us know whats wrong with FIRST BANK .. to me i think there is nothing wrong

I also do not think there is something wrong but I don't understand why it refuses to go above N20. We used to see first bank and zenith bank rubbing shoulders when it comes to price appreciation but now e be like say Zenith don run leave first bank holdings. Since it became First Bank Holdings, it has been struggling. I think the price will still fall anyway. I will wait a bit then start accumulating more.

m@cup:
u can neva be sure if ppl here are real...so its better u get ur facts and details ryt before any investments.. my advice for u,dont deal in physicak cash,.use bank ibstruments from your bank.. am in the oil ang gas sector.

Seconded. Please be very careful.

@jposuagwu.. That is @Redoil's opinion. She is entitled to her own opinion just like the rest of us. It is now left for NLders to decide. Please u guys should take it easy. I understand your point bro.

Agriculture is the main point of national transformation agenda. It’s also a major rallying point at the stock market. Okomu Oil Palm Plc and Presco Plc are the two dominant stocks in the agriculture sector. With market capitalisation of about N72 billion, the two stocks account for some 90 per cent of total market capitalisation of the five stocks listed under the agriculture sector. With hectares of palm oil plantations, they represented the vast agriculture potential of Nigeria. Both Okomu Oil Palm and Presco are integrated agricultural companies with oil palm plantations, palm oil mills, crushing plants and oil refining plants. They engage in cultivation of oil palm and extraction and refining of palm oil into finished products. They are major suppliers of specialty fats and oils to several large and medium companies. Besides similarity of business operations, the two companies shared several similarities including the location of their farms in Edo State and substantial foreign shareholdings. They are also companies of nearly the same size and run the same business year.
Okomu Oil Palm, the older and the larger of the two companies, was incorporated in 1979 and listed its shares on the Nigerian Stock Exchange (NSE) in 1991, the same year Presco was incorporated. Okomu Oil Palm opened yesterday with a market capitalisation of N46.26 billion, nearly twice the market value of Presco Plc, which opened at N25.38 billion. Besides, Okomu Oil Palm has a larger balance sheet; including total assets and net assets.
Presco became a public limited liability company and listed its shares on the NSE in 2002. With total assets of N28 billion and net assets of N17.1 billion, Presco still boasts of substantial capacity in the largely small-sized operations that dominate the agriculture sector.
But though they share several similarities, latest fundamentals of Presco and Okomu Oil appear to be illustrating the proverbial rain that showers on sugarcane and bitter leaves farms. While the audited reports for 2011 had shown striking fundamental similarities with all key indices of the two agricultural stocks jumping to new highs, latest audited reports and accounts for the year ended December 31, 2012 show striking fundamental dissimilarities.
From turnover to profit and returns, Presco extracted itself as the better of the two companies, and with sustained growths, assumed the leadership of the industry in terms of turnover and profitability. Both actual and underlying profit and loss measures placed Presco ahead with its real operational profit twice that of Okomu Oil. Okomu Oil failed to sustain its growth momentum as decline in sales coloured the bottom-line negative. With the bumper harvest in 2012, Presco now outpaces competition in all key averages, setting long stride that will require equally jumpy growth by the competing stocks to catch up.

Sales Generation
Okomu Oil Palm could not sustain its previous jumpy sales growth as sales revenue dropped by 8.8 per cent in 2012 as against impressive growth of 82.7 per cent. Average sales growth in the past two years thus stood at 36.95 per cent. The top-line performance in 2012 was the poorest in recent years. It had increased sales by 52 per cent in 2010.
Presco grew its turnover by nearly a third, sustaining year-on-year impressive growth in sales that had seen the top-line expanding annually by an average of 45 per cent in recent years. Presco’s gross incomes rose by 32 per cent in 2012 compared with increase of 58.5 per cent and 35 per cent in 2011 and 2010 .

Profitability
Both actual and underlying profitability indices of the companies showed the same colouration as the top-line. Presco consolidated its profitability and leveraged on higher sales and increasingly efficient cost management to displace Okomu Oil Palm as the highest-profitable agric stock. Okomu Oil Palm’s actual pre and post tax profits dropped marginally, although the underlying profit-making capacity remained steadied.
Presco was clearly in better grip of cost management and profitability. Gross profit doubled by 107 per cent in 2012 as against increase of 84 per cent in 2011. Profit before tax leapt by 229.8 per cent in 2012, consolidating 93 per cent recorded in 2011. After taxes, net profit jumped by 378 per cent in 2012 as against 55 per cent in 2011.
On the other hand, Okomu Oil Palm recorded a decline of 6.7 per cent in profit before tax, a reversal from impressive growth of 136 per cent recorded in 2011. Net profit after tax also reversed with a negative of 8.5 per cent in 2012 as against growth of 141 per cent in 2011.
On the average, Presco significantly outperformed its competitor with average pre-tax profit growth of 162 per cent as against Okomu Oil Palm’s 65 per cent. Presco’s average net profit growth in recent years stood at 216 per cent compared with 66 per cent recorded by Okomu Oil Palm.
Besides, there was significant improvement in the profit-making capacity of Presco compared with almost flat position of its peer. Presco’s gross profit margin improved from 47.5 per cent in 2011 to 74.3 per cent in 2012, indicating average margin of about 61 per cent. Pre-tax profit margin also more than doubled from 32 per cent to about 80 per cent, representing average pre-tax profit margin of about 56 per cent. Okomu Oil Palm’s average profit margin has steadied at 42.35 per cent in recent years, hovering between 41.9 per cent in 2011 and 42.8 per cent in 2012.

Actual Returns
Returns to shareholders and other stakeholders also showed similar patterns to profit and sale trends. While Presco improved underlying returns considerably, Okomu Oil Palm’s returns dwindled to their recent lows. Presco returned 32 per cent on average assets in 2012 as against 10.9 per cent in 2011, indicating average return on total assets of 21.5 per cent over the years. Return on equity-to shareholders who provided the equity funds, also improved from 9.6 per cent to 50 per cent. This indicates average return on equity of about 30 per cent.
Okomu Oil Palm’s returns generally fell below average in 2012 with average returns of 14 per cent and 14.1 per cent on total assets and equity funds respectively. Returns on total assets and equity funds had stood at 20 per cent and 21 per cent respectively in 2011. Average returns on assets and equity thus stood at about 17 per cent and 17.4 per cent.

The Bottom-line
There is no doubt about the immediate, medium and future prospects of the agriculture sector. In spite of the pervasive influence of crude oil on national income, agriculture remains the dominant sector of the Nigerian economy. With estimated land area of 910,768 square kilometres out of a total area of 923,768 square kilometres, Nigeria is largely an agrarian economy with agriculture the largest sector and biggest employer. Nigeria’s arable land use stands at more than 33 per cent. From the North to the South, from West to East, Nigeria’s climate and terrain are suitable to cultivation and breeding. Notable agriculture produce across the regions include Cocoa, Peanuts, Palm oil, Corn, Rice, Millet, Cassava, Sorghum, Yams, Rubber, Cattle Sheep, Goats, Timber, Fish among others.
Over the years, agriculture has shown considerable resilience and it has increasingly become a major catalyst for Nigeria’s growing Gross Domestic Products (GDP). Government’s fiscal policy measures aimed at encouraging domestic agricultural companies also appeared to be impacting positively on the sector. The Federal Government has granted several incentives to agriculture sector including a zero duty on agricultural machinery and equipment with effect from January 31, 2012. Besides, many agricultural companies had benefitted from financial incentives from the Central Bank of Nigeria (CBN), which helped to reduce financial leverage and pressure on the bottom-line. More than before, there is a strong linkage between the central government and the private agric operators, which enabled Nigerian farmers to make input and directly benefit from government’s policies.
The performance of Presco and Okomu Oil reflected the differing potential of each operator, although the macroeconomic environment generally remains positive. The difference appears to lie in the growth and investment plans of the companies. Presco has maintained a meticulous investment programme which included planting and replanting of new and existing plantations and expansion of processing capacity.

Source: http://thenationonlineng.net/new/business/presco-vs-okomu-oil-same-weather-different-planters/

PRESCO ALL THE WAY !

@OP I suggest you change your password. When you see a link in a suspicious email message, don't click it. Phishing emails sometimes do not rely solely on the information that you enter in the online form which they usually ask you to fill and submit for whatever reason. Sometimes when you click on a link in a phishing email, your login and password will automatically be sent to the cyber criminals and they will take control of your email box. You may rest your mouse pointer on the link (but don't click) to see if the address matches the link that was typed in the message. When you rest your mouse pointer on it, the real address will be displayed. Clicking on the link can also lead you to .exe files.

Shine1177: Is www.meritrade.com a very good platform? I wish to open an online account with them but i need a current user experience to decide. tanx.

Why don't you consider opening a new thread on this so that you can get advice from various meritrade users before you decide?

Please my ogas, I am thinking of placing orders for Ashaka Cement and JBERGER. Are they okay to get into now?
Thnx

@Freeman67. It is based on bid and ask prices and not necessarily the last traded price. It is sometimes difficult to get the current market price. However, if you want to buy a stock at a specific price, you can give a limit order to your stock broker so that he/she can buy at a price that is equal to or lower than your specified price. But if you do this, it may take longer before your broker can be able to get the stock for you due to your price specification.

@Kalan. Good job and thanks. What are the entry points on your listed stocks? Would u enter at their current prices or do some more speculations?

I hope the sales will not negatively affect those of us who have money and T-Bills investment with this banks? because notin wey person no dey see for dis naija.

Born 2be Rich: So you finally placed a sell order on this stock...

Pls if i may ask, why did you decide to sell?

I am not selling ooo. I want to buy but my broker said it may be difficult to get someone who may be willing to sell before the price escalates. So I pray I am able to buy before then.

question: Stock Investors, please beware of "herd mentality". Invest wisely.

Noted.

I have already placed order for Okomu oil. I hope to get a seller.

Born 2be Rich: Nigeriam Stock exchange:


Okumu Oil palm plc was marked down today by 50% for dividend and bonus payment..

Please do u think it's a good time to enter as I have always wanted to buy this stock.

billyadam: Are u really sure of wot u are saying.
If u have a broker's number, let me have it so I can call them to have full explanation of this. I am in Ondo State.

That's what I was told as a shareholder of Bank PHB. I do not know of Spring bank but I am sure the same applies to their shareholders. It is only a miracle that can bring back those shares. AMCON will definitely sell those banks to capable investors and maybe, just maybe, the new owners may have sympathy and compensate shareholders (most probably not possible). The new investors will first need to repay the government the money that AMCON injected into these banks before anything and shareholders are their least worries. They are not obliged to replace your shares except if they decide to be merciful.

I suggest you call your broker for advise on this or call CSCS and ask them what happened to your Spring bank shares. These coys don't exist anymore and so how do you expect to own a share in a company that no longer exist? In my opinion, I will advise you cut your losses and move on. I lost a lot on Bank PHB and Oceanic shares but I never gave up and now I am beginning to recuperate those losses from gains of other shares investments. Stock investment is a risk. We only need to learn from what happened and take necessary actions in order to prevent such losses in the future.

ihedioramma: THANK'S . HOW CAN I GET THE FORMS AS THEY DID NOT SAND IT TO ME?

As advised by Question, you can download it from their website. Alternative you can send someone to their office to get the form.

question: ^^^ OK. Can I send someone to the bank (e.g GTbank) to present the e-dividend form for endorsement or must I be physically present?

Anybody can present the forms for endorsement on your behalf. I usually send my Cousin to the banks to do the endorsement for me.

@babypipsy. You will require two different subscriptions to be able to monitor both stockbroking accounts online. Alternatively, you can consolidate both accounts to become one and monitor your stock investment with one subscription.

billyadam: I have shares belonging to Spring Bank now Enterprise
BAnk belonging to my Dad. I would like to know if I can
still get the shares dispose off given the fact it has been
acquired by AMCON. If yes hw do I go abt it

If you have shares in a company that is now owned by AMCON those shares are gone. I had 122,000 units shares with bank PHB now Keystone bank and it has disappeared from my CSCS account and when I asked CSCS they told me the shares are gone forever.