₦airaland Forum

kpineo:
@all

contacted my pips in UBA. the offer never even open proper. Selling my loss making nascon tomorrow and diverting fully. for Wanajo to be looking for loan for CHAMS and be so excited, there is more to CHAMS than meets my eye.

Hey kpineo,
you wan panic for Nascon go tie money for pp?.
My brother NASCON tori go change before the pp wen you wan run go will even be listed,not to talk of cert.(if na paper one oh) then verification.
No panic for that stock.
No be say the pp bad,but if you wan do pp, go look for another money do pp.
Me no dey normally do pp,ipo,po,etc.But i no advice that particular action u wan contemplate.

Na wa,them need to put internet fo plane.
i leave hotel with page 300.i come office meet 3 FAT pages.
@hbrednic and kpineo,

   Abeg una go give me key make i first test drive those jeeps oh.i for like trash them for 5mins when them come.

@lawalidowu,

   Prodigal son like wapco must come back come beg for more money make e go prodigal again.

@kpineo,

Welldone brother.
I see your bank manager today.E tell me say your account just full.
Yes oh,we must to chop for PHB.
Hope say you buy plenty for floor.
Na plentiness fast growth take dey come oh.
I know say ololufemi buy plenty small.
Na FCMB wounding i give am for floor.

oawele:
not necessarily. RSI shows overbought and over sold situations when the index trend cross the upper or lower bounraries, which are usually 70 and 30.

Time your buying towards the period interim and FY results are expected for good companies.That's my key.And i don't put in N200 when buying.It should be much higher than N200.

ngegy:
@fatherof2
Do you think its the right time to go for RT BRISCOE? The price has be oscilating around 29 for quite sometime. do you think last year bonus is still disturbing the price?

Thanks

Bonus don worry am finish.It is ok to get it any day it drops.The stock sometimes can be hard to get.Its not so liquid.It took about 2 well timed trading sessions for me to get the volume i needed. Results are coming soon.Its good to take position.

pumping777:
I don't know what Nigerian banks have done to anyone. Everybody is searching for skeletons. It is impossible for our big banks to post N30B a year. I've heard so many versions of this story that I'm not even keen to read anymore.

Agree with you there.
Nigerian banks have a lot more money to play around with.
Take the financing in the oil industry.Previously when you hear about a syndicated loan of $1bn (Nigerian banks would contribute only 5% of that,balance 95% would be from citibank or one large foreign bank).The story now is quite different.Imagine the interest on such a large facility if it were fully funded by Nigerian banks.
Besides that,what gives you the impression most of these other sectors owned by multinationals are not doing well.
Dem don alter their results tire.
They've carried the true profit to India and Europe.

wanaj0:
Fatherof2, i hear you.

As per alst year, the price was going up even before the PO news. After the bonus adjustment, the price just hit the roof tops!!!!

All that one na just to wet appetite so that people go write more cheque for PO.Dem go use am boast.

Oya i give you example.
GTB no give bonus last year. E rise reach where e wan reach then fall.

notin, Oceanic know say dem wan come market,every bank would love to sell its shares at high price so that there are fewer units running around.

wanaj0:
Fatherof2, i hear you.

Note however that the shreholding structure of Oceanic makes it very easy for them to prop up the price. secdondly, the profit growth is beautiful.

As per alst year, the price was going up even before the PO news. After the bonus adjustment, the price just hit the roof tops!!!!

As per FBN, na Long Term me dey talk OOOO. Which chart you use discover FBN now

Nothing oh,these things must happen.E happen to GTB, e don dey worry FBN now,e go worry PHB, e go worry Zenith later.
BONUS dey worry price oh.
Even them know sef.They just time the release of bonus crediting now when them know say in like 3 weeks they'll release Q3 after everybody don do the bad thing them wan do the stock.
Many cycles dey this year oh.

enurayce:
@ ALL
Are there fundamentally sound stocks right now at the ideal price that one can put money into?

Are there also stocks that one can take advantage of right now and cash out before the bears sets in?

Waiting for your responses,
Thanks

NB don pop up based on todays fall.

@Wanajo

  On oceanic,last year and this year are very different oh.Last year as is the practice of most nigerian banks,many expected a coming po.They buy up their shares so they can release one bar graph on this day frontpage  stating" 2,000,000 % appreciation in 20days". Afribank same thing,dormant for donkey months TS lifted and b4 u close eye, see new price before offer started.
Even first Inland don put their graph for today paper.
This year will be a different story for oceanic.
Not that price will not grow oh.It will surely,but no matter as dem try run from listing that po shares,e go catch up with their stock.People must cash in on that thing.That's wen new opportunities will arise.This is just Q1 meant to psyche some people.

You don still mention FBN again.I know FBN go good.E never good reach.Remain small.
Some will certainly sell their 1 for 6 bonus and i hear some big certificates have been dished out.One more step still remain for am to good well well.Nobe say e no good now oh.But strike dey come.

I would advice many to print copies of todays loosers chart and all this week.Some pickings are re-appearing.

pumping777:
There is one thing that never ceases to amaze me. This is the fact that people get interested in a stock when everyone else is chasing the stock.

When the price is falling, such folks think there is a problem with the stock. Someone posted last week that if UBA falls again this week he/she is going to hold back buying the stock.

Buy your stocks when no one is interested and sell when everyone is. My favourite quote from Warren Buffett. Baba ke.

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well."

You never read psychology of the stock market.
E full NSE.

pumping777:
There is one thing that never ceases to amaze me. This is the fact that people get interested in a stock when everyone else is chasing the stock.
When the price is falling, such folks think there is a problem with the stock. Someone posted last week that if UBA falls again this week he/she is going to hold back buying the stock.

Buy your stocks when no one is interested and sell when everyone is. My favourite quote from Warren Buffett. Baba ke.

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well."  

hahaha,
how else do you want the money to be made if people no chase.
Its a normal human behaviour now?.

wanaj0:
Who dash me Field Marshal? Well you give a DOG a BIG name when you want to hang it

Well, my LEVEL don Change.

hahahahah, wanajo welcome.
This na my second welcome oh.
How life.E be like you go dubai go enjoy come back.
From your writing i can see your finger don FAT.
You no let wapco do me well.I be wan just strike before you mention e name now.
But i mention one bank few days ago,but i no talk e name,you no wan make i chop that bank again.You don dey mention e name.This forum get strong people oh.

@ololufemi,

 You don expert finish for this thing. Na last week people for get their UBA.
Demand is expected to rise now.
War don start already for the two of them.(uba vs Zenith)

Like i said earlier,the real insurance season never come.
What happened last two-three weeks is just like rain when fall during hammertan.
It was just an opportunity for us do some quick assassination(make money).

@kpineo

 I think you see how uba take dey start,i get info today say zenith bid now is so so high on the floor.

But generally one can make some quick money from uba and zenith.Zenith will definately rise,but will fall when bonus shares are credited thru cscs and then just go borrow money buy am for e next fall before year end.

Someone asked about oceanic. If you know how some people dey vex for that certificate delay tin,you no go near oceanic soon.They'll soon list the po shares.Na anger some people wan take cash in.It must fall no matter as dem try use Q1 take beef am.
Only Q2 will save it later.

ezegold4we:
i think the stocks to buy are all ok but i want to correct an impression there regarding the eps of lasaco,father of 2,please their current eps now is 29 and not 63 as u wrote in your quote incasing u are using the 63 eps as a buy option,thanks

Ah i no do eps quote oh,abeg check well whether na my name dey there oh,which chapter you see that post sir.

Princesege:
Hello gurus,
The following stocks are siad to be good buys for this week. Can the gurus in the house come together to analyse the tenecity of the recommendation? Waiting for your contribution.

Company                Basis of Recommendation                                      Remark                                                      

1. Unitybnk                      Relatively stable price   Growth stock                Buy                                                      

                                        Price appreciation        

2.Lasaco                          3Q PAT grew by 496.14%

                                       Turnover in 3Q is 280.62%                                  Buy

                                       EPS is 0.63k                


3.UACN                        Improved 2Q PAT by 43.99%

                                   Expectation of Bonus                                            Buy

                                   

4.UBA                           Expectation of 1Q PBT to be N15b

                                   Relatively stable price                                           Buy
                                                           

5.Wapco                     2Q PAT growth is 12.5%

                                  Price appreciation                                                Buy                                                                  

                                   

6.Intercont                 2Q PAT growth is 72.65%

                                   Turnover grew by 82.61% in 2Q                         Buy

                                   Declaration of 35k interim dividend

7.Nem Insurance         Undervalued

                                   3Q PAT grew by 2292.03%                                Buy

                                    3QTurnover growth is 220.873%  

           

8.Access Bank Plc        1Q growth by 190.566% in PAT

                                  Turnover growth in 1Q is 102.180%                Buy

           
9.Linkassure                  Undervalued

                                   2Q Turnover grew by 137.95%                       Buy

                                   PAT growth in 2Q is 1017.39%



10.GTBank Plc              Improved 2Q by 54.78%

                                   Turnover growth                                         Buy



11.Cornerstone          Undervalued

                                 Improved 3Q PAT by 853.23% in PAT          Buy                              

                                Growth stock



12.FCMB Plc                 Improved 2Q PAT by 139.60%

                                  Turnover growth is 101.085%                               Buy

13.Guinea  Insurance   Undervalued

                                   2Q PAT growth is 120.664%                                Buy

                                   Growth stock              

THE END
I NEED AN OBJECTIVE OPINIONS CONECERNING THOSE AFOREMENTIONED STOCKS.

Definately all of them are good buys for the next 6months.
My only problem is the word " this week".
The only this week buy stock i see there is UBA.
Its still cheap. Those insurance companies no be this week oh,but maybe long term ok (4,5 and 6months).
Let some of those insurance come down small.

niceuzor:
This Stock Thread started in 2006, now we are in 2008 still someone here is damn confuse about NSE.
Please Stockbroker and Shareholder give out some stock tips here for beginner's.

KAI    2565 posts.For where you dey write am. This na grand papa timer oh.

@Prince11

 TS now is supposed to be two weeks after offer ends,but going by FCMB.It could  be from 14th if not next week.
Diamond is getting late particularly considering if you buy on monday 5% higher than yesterdays price.
Six months result is getting due/overdue.And its approaching its fair value at this stage even without announcement.
I bought at N17.80 and plan to take out next week.
This run i suspect is a just a quick speculative run.It needs to make another fall in preparation for result.

loma:
Father of Plenti. Welcome from work. Please answer my question on CCNN and Eternal. Make I still buy?

Anyone who bought ccnn at N19 plus just made about 25%.The train has moved a little far for now.It needs to buy fuel.But i expect more.
If Nigerian Breweries drop small on monday,it looks a good candidate for another few weeks of rise.Eterna is still attractive.
UBA also.
But i would advice you generally not to be too anxious.Anything that goes up must come down.Trader no dey moon.
Hold cash,don't mind the current momentum.You won't like the injury from a moving train.Plenty opportunities will start popping up in about two weeks i hope.Look at last year,and 2004.The bulls will run early and slow down to drink water.Its when they're drinking water you jump on their back.

Men just coming home.Work just tough today.I no fit see road throughout today.
@enurayce
E be like your finger dey hold biro ready to write one cheque to buy something.
As pumping answered opportunities are coming.Just keep your eyes open on the loosers chart.
But i have to say one strong bank started to pop up today.
Going by what i can see,some will want to quickly offload because of what they just received.
I expect a slight price decline as a result of this (ALL THINGS BEING EQUAL)(IF NAIRALANDERS NO FORCE AM UP OH) .
The 9 month result for this bank is due by anytime this month(maybe end of month) or early feb.
That will be the trigger for this bank to fly,but we all need to be patient for this bank to fall by at least one to two steps before attacking.

@ololufemi
   FCMB will present two opportunities like i wrote on monday.Today would have been good for you to takeout the profit you've made(and also while buyers were available) so you can reinvest the profit next week thursday or friday and get more units. The 9 months is what you await on that stock.

@kpineo
Na all your Access you sell?.E good as you sell sha.Greet your bank manager for me oh.

on 5a and 5b.
  Any other time of the year after a year end is completed,you can get your 25-30% and sell all.Some lay dormant for months after then.
Right now.Most stocks are going to be heading in the general kaduna direction.Up and down during the journey.
Just see them now like a factory just producing money.Take d cash and put back when it declines(even if it is a 10-15% drop) or look for another cheap one that will popup weekly.

harrisoft:
@fatherof2

I have this question for you please. anybody can also answer please.

this your Yo Yo formular i.e get in and out can you help me arrange it properly.

1. find a fudemetally good stock
2. find out their end of year of the company.
3. find out the expected date of anncoucement of FY and INTERIM result.
4. use RSI to check if it is not yet overbought
5. take position. - fixing an exit point of 20% to 30% (VALID WITHIN THE YEAR BUT NOT DURING REPORTING SEASON)depending on the volume bought.
5b. EXTRACT PROFITS AS THEY COME.
6. check the momentum (daily price and volume)
7. listen to "rumur" around that stock.
8. sell when ok.
9. to bank.

if i miss any point please insert it, if it is not properly arrange please rearrange it for me. thanks.

ITS INSERTED.

yodiyokun:
So on the other hand, the chart of consistent gainers for 2- 3 weeks may soon be on the loosing streak. -- AP don defy that one.

Meanwhile I will keep that strategy in my black book for use at a later date, I doubt that will work now when everything is in green.

@Easimoni, I have borrowed that John Murphys book

Its huge oo, but I will read it sha - no shaking.

As someone of old will say "no knowledge is lost"

You think say many of these insurance companies go make am past next week.I go see whether buyer dey for moon.
Watch out for 10 straight profit making days.If they pass 10,they'll loose steam by 11.
What you can do in this green period is to just be extracting your profits only as we're approaching reporting season.

@ Gees,

 Most times, the loosers chart is usually more important than the gainers chart for me.
I compile the list of consistent loosers from monday to Thursday for two to three weeks,look at them critically and determine who is more
likely to start a new round of profit making.

Where is this uk guy em, Temmie10 i think.
its been long since i see the guy name.

@Gees

 You see what i was saying,my post came late. i knew easimoni had something next to him.see his response few posts before mine.
Click on his profile and you see him carrying four books on each of his sides.

Geees:
@Fof2
Please recommend book(s) on Technical Analysis (TA) one can read?
I think have asked you about this before, if nothing no worries am just trying to learn abit more,
The NSE is definitely heading toward there if not takers will move it there _{if not how will teachers of TA make money}
Cheers

Dear gees,
  ah sorry if i missed that question earlier. i don't think i've seen that question before oh.
Trully i don't have any book on tech analysis.But i know someone who trully has.
EASIMONI is his name.He's always surrounded by books.i like has posts and i know he has a book sitting next to him now.
I've just been in the NSE for quite some years now.As an engineer i've devised my ways of spotting goodies and detecting
sharp trends.i've mentioned some earlier and they don't fail.
Didn't you notice many sold some Access today (Thursday).It should make itself available again before the result related bull run.no result came out today.

Geees:
Hmmm
There is a higher interest in the market which started in mid 2006, I woke up from like August last year, found this forum and in 5 months we have generated like 150 pages of data,
Banks are making profit in two digit billions, take position now because there is a party, the question is where is it? I say almost all the sectors will see at least some growth, Banks, insurance, building materials,
If UNTL is still traded then the market is hugly sentimental i'll enjoy it oh,  _{my two pence take too} is that this trend who knows might take a year to normalize, See AP was so disappointed in them dumped the stock and now its done 200% every day 5%.
So what more can we say, Take position take the 25% (will drop it to 20%) and base line NEVER loose money,
Cheers

You can't imagine the interest in the stock market.Every friend i met this holiday was talking about stock market within 2mins of our discussion.
Two i had not seen for like 7years fired me with stockmarket talk within the first one minute after exchanging greetings.
There are so many people ready to pump all into NSE this year.
There'll be massive growth.This is just the time to make as much as possible before it starts getting to saturation point some years from now.

i really wonder how many longtermers still remain for this thread.

no_shaking:
Ha! Fada! Baba ke! Na special greeting for you o! No shaking for this year! Yes o! I did get FCMB, but will be exiting soon!

I hope you're not exiting everything oh.Just take out profits made since the low price you may have bought at N17.45.
E go go down again and rise.Remember 9 months dey come for am.
Just take out the profit and reinvest in a cheaper guy like Diamond.
Diamond wan do 6 months soon.
Or you can wait small for the FCMB to fall and plough the first profit back before its 9 months.

no_shaking:
@ Aptistock peeps,

Men, you guys dey try o with this uploading stuff. I salute u na well well. But sha, for this our Nigeria market, even when RSI/MACD etc dey give u correct BUY signal, the almighty broker go say ha! it’s not afailabul o! or na cross_ing- over trade or under the counter black market trade etc.

With people’s experience of last yr’s bullish run and their preparation for this yr's eagerly anticipated bullish run _{ma ko ja mi olugbala}, to see stocks buy for correct price now, you go cry when; even the next best one, you no go see shege. Besides, not until we have market makers (where you can buy and sell instantaneously), the use of TA to max profit from trading is quite limited. Anyone calculated the RSI for AP? o ma ja scale big time/the scale go blow up big time!

I'm luving this thread!!

hahahahahahahaha,
i'm crying here.
Everybody move before the real bull run this year.hahahaha

no_shaking:
Happy new year to you guys! It’s been a privilege learning from you guys. You guys have been so brilliant! By the grace of God, it would be NEXT LEVEL/TOP LIMIT for you guys in the business of stock trading this 2008 - 25% profit would be yam this year. Na next level/top limit - 50% above for you guys esp momentum traders this year, amen

Hmm! It’s brilliant to see peeps aggressively moving to the next level from fundamental analysis _{the koko} to technical analysis. Nice one! It shows progression though! For me this year, it’s about more about sentiments _{better understanding of the mkt psychology to pro-actively know when the next sentiment would show up – my NEXT LEVEL} – no amount of fundamental analysis or BUY signals from RSI, MACD, Stochastics, Fibonacci etc would have pre-emptively signalled the start/end of those crazy price rallies we witnessed last year -_{AP (lately).}

The koko to me is the market sentiments _{coupled with simple momentum indicators not the Stocha-wetin etc} – the feel good/new blood/new funds factor – _{Insurance Stocks lately}; the me too/follow me/sympathy factor – _{lately AP vs Oando, Conoil etc}; the ibeji (twins) factor - Intercontinental vs GTB _{(now prematurely heading towards N40/45 target just a month before yr end);} UBA vs Zenith etc, the bottomed-out/bouncing back factor stock – UNTL lately; along with the end of yr/quarterly timing to mention but few. _{Note, the post TS run sentiment is not working any more – paradigm don shift away from that trite market sentiment!}

From the above causal links etc, the koko is pro-actively knowing where the next sentiment would show up so as to pre-emptively take positions and not just watch (like a passenger) - or ejaculate prematurely (ala Wanajo) out of a potential rally. Need to ride some of these crazy price rallies with big volumes to the max this yr, man, if you get my drift! Not talking about the normal/25% one week up & down price rally. The crazily big ones that show up from time to time – the last yr’s over 100/200 percenters (just within one quarter) - Afroil; Afribank; Livestock Feeds; Dunlop; Nahco; FCMB ; Fidelity Bank; Costain; AP etc. If you can pro-actively and patiently find at least one or two to ride on per quarter with seriously concentrated volume, you are made for the year, man!! Anyway, nuff said!

Wish you all a safe and happy investing this 2008!

Laugh wan kill me oh.
Happy Newyear oh. I hope you get that killing rally.
Did you get FCMB that day?.

ololufemi:
@ Fatherof2,

Its my email. Thanks a lot Baba.

Indeed grateful. Got another email, just in case

Thanks a lot.

Looking at UBA and I think it might be good to make an entry now. Just want to check their closure date.

Are you aware of it.

Thanks a lot

Very aware, UBA is good now.Very good. Q1 will give it a nice spur.Have some under my wings.

ololufemi:
@ Fatherof2,

Yes baba.

Just curious

The market seems to be on a hot run. Is this due to PFA funds being pumped in .

This market beats my imagination/expectation though I am loving it.

I know you have the keys to the clue.

Baba remember when Wapco was criticised about its result. I hope sey people don see.

Thats the wonder of the Nigerian Market.

Thanks a lot. Indeed grateful

Just like Kpineo dey doubt i go take out some good money from Eterna in a few days.I'm already 10% richer.
But i hope you heeded my advice on exiting oceanic today.
This bull run started too early on many stocks.I expect some dampening next week.
It'll soon be time to start returning PHB cash back to issuing houses.
Nothing last forever, a slight correction will come and then bring out all your weapons for a new preemptive strike.
If anyone has made their margins now,take your cash and hold.Its bad being caught in spreadsheet money.
Right now my legs are weak,i've been jumping in and out in the last 3weeks.
But the next 4months na fire months.The time to make as much money as possible.
I don go buy foam to soak all the juice from this place.