₦airaland Forum

ty_ademolu:
@Babaof2

I may be a silent thread reader, but I really appreciate your messages

From the posts of other nairalanders, I have come to believe I cannot be a short term trader, because I don't have the patience to follow the market to make sure each and every stock I choose are going up in the next week.

I work better as a medium term trader, with a trading time of 6 months.

I am thinkin of selling my GTB, DEAP, Lasaco and fidelity in order to get in on the chams and skye bank offer.

do you think I should still wait it out or go on with the sales

Also, I bought dangote sugar, too expensive at N49, I have been waiting to break even so I can atleast sell and get into another share, but it doesnt seem to want to get there, I want to count my losses and get into another stock instead of wait around till eternity for it to rise again.

What do you think should be my best approach!

Since you say you can wait 6 Months, first that DSR was high at N49,but just wait it out.I believe it strongly has the ability to cross the N49 mark again.
Only thing is that your profit margin will be thin by the time you sell higher than N49. After you sell it, press the RESET button on DSR.
Since he won't be doing interim dividends again, only interim results can cause serious price movements.
It'll now become a LOOOOOONG TERM STOCK. But i think Dangote will be a good candidate for a bonus after this financial year 07 (i.e. 08 FYE).
I don't think you should sell your GTB,you're close to the end of the road for GTB.This is the time to take a little more.
Fidelity makes some sense to sell.Year end is still far.
DEAP (too new for me) is owned by Easimoni.
Again considering your 6month timeline, still wait for Lasaco.I though have taken profits twice on Lasaco inlast 3weeks to invest elsewhere.
As per one of the offers you mentioned.
I'll only be taking the SKYE stock on the Floor LATER. These banks NEVER repent yet.
Remember this was about the same time Oceanic came to the market last year.Those who bought on the Floor were able to sell at N35,buy at N26 and
sell at N39.Meanwhile all those who tied money down for months in PO may only get about N9.Can you imagine that.
Skye bank bears very great similarities with Oceanic last year.
1. Same year end
2. They too are giving bonus i think.
3. They're coming out same time Oceanic did last year.
Just pray the similarities end with No.3 above because as per No.4 below(that one no good oh).
4. They may delay listing of the PO shares until after announcing 08 year end like oceanic so you won't be able to sell.
  So as for me na dance floor i dey oh.

shigidi:
--------------------------------------------------------------------------------
@ father of 2,
thanks for the advice, however, I WOULD LIKE TO POINT OUT THAT DIAMOND HAS INDEED RELEASED SIX MONTHS RESULT THREE MONTHS AGO, MAYBE YOU MISSED IT, CHECK ONLINE AND YOU WILL SEE, HOWEVER I WILL WAIT AND SEE WHAT HIS WEEK HAS IN STORE.

You're right i missed that result.Thanks. And i've been waiting ever since.i'll update my records now now.
So d next step now is 9 months for diamond.
Lets see how it goes this week. 9 months should be in feb.Leave something in Diamond.And put some in FCMB so you can eat from Both.
They both have April Year End.

osazeet:
Thank you sir for the lecture, i appreciate your effort in taking your time for me this night, i believe this is my turn to enjoy your class, before classrep ololufemi returns from where he is at present. sir, i wanted a good penny stock that will do well in no time, because i,m a growing investor.

Me no be sir oh.Just say brother.
Na only office i dey accept sir.
On penny stocks, its not the penniness inside that matters,its the percentage appreciation that matters.
25% increase on wapco is N87.5 from N70.
25% increase on a N6 stock is N7.5.
You'll realise same N250,000 from an investment of N1,000,000 in any of them.

Femtex:
@ Father of 2

What do you think is the best entry price for unilever

This fridays closing price of N22 would have been a good price to enter,but don't panic to buy tomorrow.
People will act on impulse on Monday trades, just wait till we approach end of the week.And also note the month
is coming to an end gradually so the tail end of the week should present good price opportunities all things being equal.
We just have at least 8 weeks before Unilever may announce results.
Me thinks there is some N5-N6 to be made in that stock with that 9 months performance.
The stock do me well sometime in 04. Sold at N22 after i got it at N14.80 the previous year.
I dey look for another do me well.

osazeet:
i wanted to buy from the secondary, cico with that your formula but i,m very skeptical now due to Afribank,s attitude. throw more light on this. thanks for your concern.

Afribank was already expensive.Same with this First Inland.They all overbeat up their prices just for the offer.
PHB was a different case.The bank was at the year end.They gave a bonus and marked down. When a stock is marked down,its close to its low of lows for that financial year.You may never see it at that price ever again,that's one thing driving PHB now.It'll be cheap later but that'll be after we finish unboarding.
First Inland price is high for me.I just believe when TS is lifted it'll make itself available (beta than where it currently stands).
When we talk of Goodwill.Look around you as you move around the country.If someone asked you a spot question:
Name 10banks in Nigeria?. Your instincts will drive you to name the first 10 which give you a sense of PERCEIVED STRENGTH.
How do you perceive this strength.
1.Branch network,
2.Building design,
3.Staff dress code
4.Building maintenance
5.Banking Hall ambience
6.Na Rent them dey like former ALL STATES?.
etc.
Does First Inland fall favourably into these categories?
ANSWER== NO.(except No.6, i don see two office when them dey on rent and person dey sell home video for the upper floor).

osazeet:
please father of 2,
Can you tell me if firstinland bank is a good buy or not, please it should be backed with reasons. thanks for your concern.

Anybody have idea on sterling bank merging with Ecobank? is it still successful or not? when are they coming back into the market?

Is Wema coming back soon?

I've never done First Inland Bank.
It doesn't enjoy goodwill as i see am oh.
I think its a PO. I no dey buy PO.

iconbull:
@fatherof 2
Baba , i wont mind your help on this. i have funds to play with before march 30th and i hav vitafoam,c/i leasing , ikeja hotel on my radar and am targetting minimum 30%.do u think these will fly? if not what will u recommend

Ehhhh, vitafoam e be like you miss am on friday oh.Don't be surprised if it goes up on monday.Results are imminent oh.
That'll be a close one except you can get it at fridays closing price on monday.
I never do Ikeja Hotel yet.E no get real colleague for e catagory for me to compare am with.The stock too new.
C & I leasing, no expect to see last year price for that stock again oh.Its about to complete its year end.
Since you like 30%, N8 will be good to enter.But its going up small small now sha.But e must come back to 8 card again.
Before i forget, add UNILEVER to your basket too.

Prince11:
Wetin !!, all of una must to pay consultancy fee,

You fit pay by wire transfer, paypal, westen union,, even you fit send am via moneygram, and for quicker response you may add un-social hour premium, I am sure FatherOf2 no go vex,

No be true I talk, , _{na joke o,}

You forget to add " PAYMENT ONLY ACCEPTABE IN POUNDS".
I think na N280= 1POUND now, i go check black market.

crazyT:
@Father of 2


I have 1.5m now and by Tuesday it will be with my broker in Nigeria, so on what 2 stocks can I shear the money? My expectation is about 50% in 6 months

FCMB is looking juicier as it falls. Target it next week around this N19 axis and slightly below and wait for Q3.
GTB is another good one as the month is closing.Its at a good price.But wen you wan buy,no go buy the day everybody wan buy oh.
Look for a cheap day from Thursday.

@ Shigidi,

 Its a bit tricky oh.I'm assuming you bought it low and you didn't get enough volume of the Diamond so you want to maximise the profit.
If the volume was much,you can take some out and get some FCMB while it descends.
Diamond's 6months is over due and the price has refused to peak.It needs to peak before you can sell.They're more likely to release 6months
before FCMB releases 9months.FCMB's 9 months ends this Jan. and they could announce it anytime till end of Feb.
I'd say just wait a little for Diamond to announce that 6months or if you can sell around N24 plus anytime next week,sell all (if you don't have too many units of it or you don't have external funds to inject into FCMB). and move into a cheaper FCMB. If you have enough Diamond volume,you can sell some and put into FCMB.Both of them may just release 9months about the same time.(say anytime in feb.).Its good to have your hands in both pots when they both announce.9months will still elevate/SUSTAIN Diamond later a little. You need to sustain this pattern from now till June, when we leave most banks and start facing some manufacturers.

shigidi:
@ FATHER OF 2. im thinking of selling my diamond to split between fcmb and gtb, do u think its a good idea. trying to maximise profits here please holla back

How much did you get your Diamond?.

eniyanman: @Fo2,
how do you manage to keep your dealing costs low using your CICO strategy. I find dealing charges of ~5% too high to sustain serious profitability. I know se you get something wey you dey do.

Buy side, 1.83%
Sell side, 2.123%

Total, 3.953%

tonyjon:
@Father of 2 ( The oracle of nairaland ),

What is your take on Vitaform?.

Peace.

I got mine Dec 12th, about 2 weeks before christmas last year at N8.60,
i'm still expecting that their FYE.
E wan come dey overdue. Dem no know say person no get time to waste.

eniyanman:
@Fo2 (patron-saint of short-termers ),
how come Skye bank is good at N16.84 and not N17.19 (it's only a difference of ~2%)

Dat na e na, that only 2% difference.Na e go do the trick for traders.
Even dem know,that's why the quick secondary market correction.
Traders know why Afribank must fall first before it rises.

koksieboy:
@Pumping

While you were refueling flight PHB, I quickly shed some weight from Diamond, Lawunion, Crusader n Mbenefit today and quickly grabbed some Ikejahotel.


@FoF2,
Thanks for your insight. Have you heard from Olulufemi lately? I remembered he sent hie mobile number in a post to u on this thread sevarl pages agao. I can't find the page right now but please anyone with the number should please post so that our folks in Naija can give me call to confirm all is well. We don't mind calling too from UK too because we miss his posting too!!! (UK folks, hope I spoke for us all, apologies if otherwise)

@aktopgun, Bigjay01

Truly a small world, used to live in Enfield Island village and had my baby 14 months ago at Chase farm.

I've not heard from him oh.Makes me wonder,but right now. I just want to believe his absence is related to this Zenith offer.
Probably very busy marketing or something.Lets wait till monday.

eniyanman:
@pumping,
i still remain sceptical of skye bank (difference of opinions is what make markets). i'm going have to think hard about this before investing. they've written off about N2.5B goodwill in the 2007 accounts and i think they are highly leveraged, i wonder what value skye bank will derive by having musiliu smith as chairman. i'll end by saying in a bull market, a rising tide carries all sails, good luck

SKYE BANK was bad at N17.19,but became good at N16.84 [size=20pt]ON THE FLOOR OH NOT PO[/size]
It now has a beta chance of something close to PHB rise post TS,
Zenith will behave more like FCMB post TS (small rise and fall, before Big rise).

grabdaloot:
Stocks most likely to undertake share reconstruction
Posted Friday, January 18, 2008

A review of companies in the banking sub-sector of the Nigerian stock Exchange has revealed that it is possible for some the listed bank stocks to consider share reconstructions.



There are some stocks that might consider this option:

* Oceanic Bank Plc

* First Bank of Nigeria Plc

* Intercontinental Bank Plc; and

* Fidelity Bank Plc



Investors should note that we do not have any ‘confirmations’ from these organisations on the subject at this time.

We will continue to observe developments in the market.



I'd thread carefully in any of the above. To think that I was livid with my broker for not getting OCEANIC today. Any way I go still try next week. I forsee a 4 for 1 in all of the above. These greedy boards of all these yeye banks they go still get bonus for mind when them hire JUlius Berger for the reconstruction. Anyone with thoughts otherwise

Only Oceanic and probably fidelity go look realistic for that reconstruction thing oh.
Though i've heard about Inter's reconstruction, but not at that price.Its too high.That'll be N160/share.
Someone is managing that inter's price sha.I've been closely watching its movement.I clearly see management at work on that price.

Ohhhh See as WINE just pour for my body, CAPTAIN WETIN HAPPEN, e be like son tin distract you just now.

kpineo:
@father of 2
am considering an emergency landing with NASCON. never any news about it anywhere. no analysis, no market update as per Q3 results nothing. i wan cico FCMB and it is looking good. what you think. FYE was December, therefore results around march in typical dangote style.

You're right there. It would be better than the previous PP move you earlier wanted to make.
But be on the FCMB prowl. I think anything below N19 would be good to enter particularly as the month is coming to an end soon.
Give your broker a price mandate that does not expire in one day.He's on the floor.He sees all.He should continue to hunt for FCMB for you from Monday till the week runs out.Its in a general temporary decline.Single day spikes may occur,but you will catch it at your price.
You can see that typical behaviour in the way Unilever just behaved. Temporary spike yesterday,but today people sold and I hope BLOW007 listened he should have gotten it cheap,then you wait for institutional investors to come and pick you up.

lawalidowu:
@fatherof2


since u no want banner, then i will put it in little txt like them dey put terms and conditions so we no go see.

asper UBA, it is looking too good to be true. if all the thrust in a rocket no gree am take off, the e mean say some powerful force dey hold am down.
it has been a relatively good buy for some month now? hope there isnt some unknown bad news about them o!

abeg elaborate

Before you put another giant banner. I never hear any bad news oh.Na still good buy.

kpineo:
PHB held out, but am noticing a slight turbulence in the air. had a low of N29.
Cabin crew Announcement onboard AIR PHB:
Please fasten your seat belts and don't make an emergceny exit, we just entered some stormy weather.
In flight entertainment is on for your viewing pleasure.

Me i still dey on board.

I don padlock emergency exits man.
Kpineo help me send this letter give airhostess make e give captain.
Contents of letter:

" Dear Captain i would like to thankyou so much for this smooth ride we're still enjoying,i just remembered something,
  hope you didn't forget that your PZ bag in the HOTEL on earth."
  Yours faithfully

  Passenger.

SGN:
@FatherOF2

Do you hear anything from ololufemi at all? We haven't seen him around for two days now. I hope he is okay.

But then again, another thot has crossed my mind about his whereabouts.The guy is a strong Zenith guy i suspect.
Zenith offer closed yesterday,so if he works with zenith,he may have been busy marketing the offer for the last week of the offer,so he could be out
of the office most times.

SGN:
@FatherOF2

Do you hear anything from ololufemi at all? We haven't seen him around for two days now. I hope he is okay.

I've not heard anything from the guy oh.Its surprising.He could be ill oh.
One thot goes thru my mind on nairaland sometimes.Its good our next of kin knows who we're on nairaland so that in the case of
sickness or death, people can know here.
A sudden prolonged silence more than say 2-3months could men something serious.

FCMB may have listed the shares,but were are the po certs.,

@Prince11

I dey here earlier,just retired early for the day yesterday.

kpineo:
how can PHB from 51M bid and exchanged ony 12M today now have a bid of less than 1M something is suspect here. am watching closely. Please fasten your seat belts i sense some temporary turbulence ahead. Someone wants to cause panic sell and then buy at a lower price. Nairalanders be watchful.

Thanks to Nairaland and my experience with NASCON am a lot smarted now. Someone asked me about BigTreat just yesterday, say the thing dey rise make e put money there. I advise him not to unless he will be happy to receive 1 years free bread supply in exchange for his funds, dah

As for me and my house we are on board PHB without fear.


PS. Britsh Airways crash landed at Heathrow London today. Lets pray for journey mercies for all our friends and family oh!

This guy see Laugh.

aktopgun:
@hrebnic

liquefaction      - a degradative process of slow decomposition brought about by the body's own enzymes turning against its cells and basically causing a dissolving process    . rough medical definition

i hope i have thoroughly confused u!!!      .

what were we talking about?  

You no say na pidgin english we like for niger.
Make i speak pidgin english.

When you put DRY SAND INTO CUP TO FORM HILL FOR THE CUP,ADD SMALL WATER TO ONE QUARTER,GIVE THE CUP SOME SUBTLE VIBRATIONS,ALL THE SAND HILL GO DISSOLVE INTO THE WATER. Earthquake effect. _{Don't try this at home}.
The Earthquake in this case go be the massive selling wen go hit your stock.

lawalidowu:
@ fatherof 2

when i write am small, e be like say u no see am.

so i thot to myself. why not make a banner.
if u no see am, ololufemi will bring your attention to it.

E LENU. like scredriver

The banner [size=15pt]BIG[/size] oh.

hbrednic:
always stick to your exit point.as for me na sell be that.(spreadsheet money no be real money).
u go dey look am korokoro,e go crumble yakataa.

In engineering we dey call that " LIQUIFACTION"
Stick to yor exit points.

[quote author=lawalidowu link=topic=31554.msg1861500#msg1861500 date=1200585972][/quote]Ah capital letters.Na wa oh.How you take do am make e big like that.
I no expect pass N24.50 for Diamond.
Na part of am you go sell now oh.

hbrednic:
guys shine shine your eyes!!!
some cartels must be trying to do PUMP & DUMP with bigtreat ooh.
may no member of this forum be caught in the middle.
see the volumes being traded.

Its time for the last set of people who got the PP to sell off.Later it will fall like a ROCK and then the real traders will step in.

tufe:
hook me up to the stock market OOOOOooo, please

@Tufe
Men sorry about your Afribank plight,but i still thankyou for alerting me.
I be don totally forget about chopping from that direction.
One of the best entry days for this Afribank will be tomorrow or Monday at the very latest.
I've seen where to move my lasaco sales for tomorrow to.
At least one quicky before i go and rest with GTB.

pumping777:
Agreed. Not 100% accurate but some stocks just jump at you. Did someone say CILeasing?? If you bought in November '07, you will be smiling 100% to the bank very very soon.

I'm sure you're already on 100%. I entered late,just last week. But its still ok.

tufe:
people are loosing money eg: me
and you're saying ti should fall more. bros abeg explain

yes, i think the TS has been lifted

Sorry man,it happens sometimes,but not to worry.You won't be crying by next week.
It was already overpriced during the PO.They just beefed it up.
It should go thru the Fidelity effect.