₦airaland Forum

Princesege:
I heard that Firstinland is suspended from trading. Can anyone confirm this please. I wanted to offload when my broker informed. It is good to offload at this time. I have made 62% already.

First Inland is on TS.You should have sold when you reached 50%.Kai.
Most people want to reach heaven first before selling.
You don't know future,sell next time when you reach your target.
@ Nazzyon

Wema dey TSSSSSS,

ololufemi:
@FatherOf2

Bought some Access yesterday. Do you advise I buy more at today's prices of 19.29 considering it might be 19.29X1.05 (maximum price)

Whats yout suggestion on this.

Its still fair at 19.29.But if you buy more tomorrow you may not get it at this price of 19.29.Max for me is 19.50.
But you could be lucky it could drop below this price,doubt it sha.Some people are noticing Access bank very fast.
But still get it tomorrow if you want to.As long as they don't release the results tomorrow,you're safe.If they do,price will be 20.25

Naijadr:
wow this bullish trend continues, decisions decisions approaching exit point of one of my stocks
what do u guys think the influence of the release of the 1ast bank PO shares will be on the market in the next week or so. With the huge influx will it not initially depress the stock price?

You question no clear.Retype.

CHO:
Guys Please I need help. I bought Union Bank last PO  through a friend who works with a brokage  firm in Port Harcourt, surprisingly uptill date I have not received my certificate and nothing to really show that I bought that stock. I met him, he showed me the shedule with which submitted the for the purchase. Nothing else has been done. Please guy could you help me with your advice

That's serious oh.I hope you didn't buy too much,just incase anything has gone wrong.You need to go to him direct to show you copy of the teller or draft with which he bought it and the photocopy of the PO form.Who signed the PO Form.Was it you or him.Someones signature is on that form if it exists and Union Registrars has a scan of all signatures on all PO forms from their last offer in their data bank at their Apapa HQ.You could also go there to verify anything you need to know about the facts on that your purchase.Customer service there is quite ok.They attend to you one on one.Go with some identification.

ololufemi:
Almost all insurance companies appreciated by maximum points today except Oasis.

Oasis lost some points

What happened?



Access steadily climbing up. Done about 6% between yesterday and today.

Access will give you easy ACCESS to more money. Watch and see.

ololufemi:
Good Morning to all my People on this thread.

It seems the bullish frenzy has hit the market. Wishing us all happy returns on our investment.

Always invest wisely and when in doubt, seek help.

Easimoi, Pumping777, Wanajo, YodiYokun, Emaachile, Fatherof2,and others will be willing to assist you.

This thread has really helped us all

Thanks to Seun for this medium of communication.

I hear N199.7bn excess from the 1st Bank Hybrid offer will start coming out this week.That will surely sustain the Bull market in fundamentally strong companies.

harrisoft:
@adeyinkat

that is my problem, NO GAME PLAN, (or the game plan was to wait till the like of wanaj0, Temmie10, Bigboylarry and co say sell or something) ,

i know they will, before friday.

off course you qualify, everybody qualify to reply me. Sorry if i gave the impression that i known too much or something ,

My dear friend. This is one observation on this thread. Try and learn to fish for yourself.Don't collect fish everyday.If you have been reading this thread from the start,you will know that one of the first principles of stock trading is setting goals for your self.Exit and entry points.
Now what are your goals?.You have to be brave on your own.Read books and learn to take decisions on your own.
Take stock trading with the seriousness of a bull.
Read financial Newspapers,
Read Punch,Thisday,Financial Standard(Backpage) on sundays.
The writings and signs are written all over them.
Go to Proshare and Buy this Book (HOW TO BUY AND SELL SHARES IN NIGERIA).You'll learn a lot.
I started trading with N700000 in 04' with National oil (Now CONOIL).I learnt on my own very very fast.Now i'm worth a hefty 8 figures(can't mention).
If you want to keep your crusader(longterm) keep it,also if you want to sell by friday and move to Access or Diamond or 1st Bank(Shortterm) do so.
Just be sure that you determine and stick to your strategy(LONG OR SHORT).Once the objective is achieved, move out and move on.
Study Study Study.
Takecare.

EMMAACHILE:
There are some stocks which are undervalued but not recommended since they are not liquid.
Eg beta glass, longman, Nigeria German, chellarams, Berger paints, etc
These stocks are so liquid as I have learnt some lessons from these kinds of stocks.
I remember when I was buying my Berger paints in June then, it took more than 12 deals to purchase about 200k units.
Just all d units of Berger yesterday and it took 3 deals at an average of 7.80 naira. Imagine holding a million units and wanting to offload.your guess is good as mine
I Will be converting my cash to banks and some insurance so that I have rest of mind.
This is where d money is. Institutional investors all have holdings there.
Remember one of the rules of investing is put your money where institutional investors are putting theirs.

I totally agree with you.its worse on the sell side if you have too many units of this illiquid stocks.Just 50000units is enough to move chellarams 5% a day.

pumping777:
I already bought at N6.60 and due to the appreciation I wanted to check if I still need to hold or sell after some more appreciation.

@yodiyokun - Right now I can't recall where I got the outstanding shares numbers from. Probably Meristem/NSE. Sometimes both are wrong.

You will find Berger's results here in the half year results block.

http://www.nigerianinvestments.com/story.php?id=44

Thanks for this link PUMPING.

You're a pumping machine.

pumping777:
Outstanding Shares: 0.22B
Projected PAT :0.13B
PE Ratio (yesterday) :13.66

Very good PE.But its getting high now.Closed at N8 today. Entry price is N6.50 - N7

A N10 stock.Lets see how this week pans out.

yodiyokun:
It is the hype of the "bullish run" of the last 3 days that has increased the adrenaline of @Fatherof 2 , @ololufemi and @no shaking.

I apologise on their behalf.

On a serious note, we need to keep this thread focused on the good and qualitative stuff.

Thanks for the apology.I owe you one.

ololufemi:
Guys, Guys, Guys,

News from the grapevine.

Just got a text saying First Bank may receive the money it forfeited at the Nitel/IILL deal that the financed. The sum is 100 million dollars which translates to over N10 billion . If this is true and it comes into their financials for the current financial period as an exceptional item,

What happened in 2006 may repeat itself when the price traded at a maximum of N72 from about N26 and a bonus issue of 1 share for every 1 held.

Guys its time for those who own first bank shares too start praying and fasting oh.

Over N10 billion ,

The bulls may be coming for First Bank soon if this is true.

THIS IS WHY I'VE TOLD YOU, BUY ON RUMOUR, SELL ON NEWS.
Someone has just posted a good Rumour NOW.I'm going shopping tomorrow. The word will spread.I heard same at about 8:30am this morning.
Speculators will jump in as soon as its slightly confirmed.THEN WILL SELL ANYTIME AFTER THE FAVOURABLE NEWS COMES OUT.
Act now.
It was already on my buy list from January as we await 9months.

no_shaking:
Na wa o 4 this bearishly looking person! Your bearish comments along this line are beginning to sound monotonous. You've made your opinion vividly clear, but stop using them repeatedly in shaking naive investors   ( For me sha! , no shaking!).

Abeg, remember there are no permanent champions in this market! It's a zero-sum game! Nah people (no be machines) dey buy all these shares at any given price/time . People wey probably and positively see things on the horizon that you no fit see at all!! Nuff said!!

BE HONEST, YOU'RE SHAKING BADLY.
You put everything into insurance??.

easimoni:
@kpineo,
who is everyone? I'm def not selling after 25%. See no basis for that. Beware of technical trading if u have no training.

No let TS catch your M Benefit.You go wait too long for the Benefit oh.

kpineo:
@FatherOF2

Oga if you have any secrets share now oh, before we know your postcode abi na zipcode.

@ALL

everyone seems to be going for the idea of dumping insurance stocks once they gain 25%, but that is an assumption that the holder got in at a value lower than beofre the rally start. which is not always true. My target price for MBenefit is N5, might be wishful thinking but will not play ball until that target is hit and would re-enter once it drops to about N4. i think everyone should set their entry and exit prices.

That means na June next year you wan bail out and comeback in when the 3rd round of banking consolidation starts to depress market again.
Don't expect any N5 soon for Mutual Benefit that may go on TS soon like Aiico to raise money at N4.00.
Ofcourse it is assumed you bought cheaply so you can exit at 25%.
Go to :  www.cscsnigerialtd.com
 and click on Company History. See how speculators have trashed out 75% on Vitafoam,check out Lasaco insurance,Check out Aiico(double chopping).All in the last 2 months plus(Even during the so called Bear market).

ololufemi:
Tommy T,

You sound like someone who wants to go with the high wave. Be careful because it might swallow you under.

Those insurance stocks have done about 15% to 18% between last week and today. By wednesday when they get to 25%, I know sey my people wey dey stock market go offload am gboa and people go dey cry.

This bull run in the insurance industry applies to almost all insurance stocks except those on technical suspension.

The market is sentimental and very soon, Khaki go know sey e no be Leather.

What results have all these companies posted that their prices are going haywire, or Are they buying up their own shares to sell of when they make their anticipated profit.

I am even confident that most of those funds released to them would go to other sectors of the market sooner or later because the fundamentals are there to support them.

Open your eyes and ears.

The dog that refuses to hear the hunter's whistle will sure get lost in the woods.

The stock market is not a kalo kalo spot oh.

Shine your eyes well well and take heed of advice.

@ololufemi
 We're certainly on the same frequency (55 Ghz)(Fast Track)
Some people don't know wetin dey happen in the NSE. Fine long term is ok oh,but the place is riddled with codes.
Make your 25% from the insurance companies and move to Access before its too late.When Access releases result now,the next thing
your stock broker will tell you " ITS NOT AVAILABLE UNTIL 25% DAYS LATER".
I will reveal some secrets soon.

The coming week should be upbeat especially for investors in the Insurance sector. If the hold back by sellers persists it could be a positive driver for other companies as alternative opportunities are sought for.
Article,

Get ready to exit insurance stocks by Friday 23rd latest.

Sorry oh, But there seems to be a lot of recycling/repetition on this thread. If you get any info,act on it. Price dey run leave you oh.

Krrush:
@gurus,guys, SALUTE! I'v spent 2days/2nites catching-up with this addictiv thread, looking out mainly for gist on OCEANIC,for therein lies ALL of my portfolio! , Somebody,please,a glimmer, any word on their damned FY results yet? Kai, !

Expect it before christmas or just very early JANUARY.

@ Everyone

SEC RATES (My Broker Rates) From May 26th 07

BUY SIDE rates VAT Total cost
Brokerage fee 1.00% 5% 1.05
SEC fees 0.60% 0% 0.60
CSCS fees 0.10% 5% 0.105
stamp duty 0.075% 0% 0.075
Total 1.775% 10% 1.830

SELL SIDE rates VAT Total cost
Brokerage fee 1.00% 5% 1.05
SEC fees 0.50% 5% 0.525
CSCS fees 0.45% 5% 0.4725
stamp duty 0.075% 0% 0.075
Total 2.025% 15% 2.123

Breakeven Point : 3.953%

Truth is that you need to give your broker good volumes to command these rates.Take more risks (Returns are higher)
Give your broker your N1m monthly salary and he'll give you 1%.(I don't earn N1m sha).If you use bank loan low rates are very important.

Now when you have sorted out the percentage issue,just buy Access bank by Monday.Everyone will rejoice when the result comes out in one
or two weeks,it'll move from an N18 average currently to about N22.80,you would have made your 25%.Move to some other stock.Access will fall again before their year end and you can get set to scoop another 25% by then.
Meanwhile if you did not position for insurance before Thursday's announcement,don't rush now.Its getting too late.Profit Takers are descending on insurance stocks this Thursday/Friday (Bail Out dates).

aktopgun:
@easimoni

Fatherof2,
I'm a bit concerned with your strategy of making 25% gains in days/weeks based on rumours and jumping ship after you cross your magic number. Even for naija, where out-of-the-box thinking seems to work in the NSE, your "stick and move" startegy makes me nervous. If I'd jumped ship after making 25% on Wema (which I bough ~N4.3), how would I have ridden it to 14? The cost of transactions in the NSE are too high. You have to sell at 7% above your buy price just to break even. + research has shown that if you hold a stock for 12 months, 90% of your gains come in 3 to 5 5-7 day spurts. You miss those spurts, you don't make as much money as you should.

What if your rumours turn out to be false? Did you also know that those peddling rumours are often guilty of insider trading. If you KNOW that a bank is about to issue a bonus, the insider who told you is guilty of breaking the law. Sure, gist is often true, but I held 80% of my 'folio in Wema for most of 2007. I heard every gist imaginable, 90% of them fizzled out - nothing but noise. But one thing remained the same; the potential I saw for the 07/08 results.

Anyway, the goal is to find what works for you and stick to it. If sticking and moving works for you; it's all good but it won't work for most people.

Don't take offense and if you have gist, please share o (as long as you don't ask anyone to compromise themselves


i couldn't have put it any better man!
enough said

Aha now i get it.Your broker must be cheating you big time.
Below are SEC approved rates for transactions.

BUY SIDE (VAT inclusive and all sub-charges)
 1.83%

SELL SIDE (VAT inclusive and all sub-charges)
 2.123%.

Go to the website and see the approved rates.No broker should charge you more.
I work on  25% a lot.If i get 35% na jarra. You need to cross 3.96% to make a profit.
Please don't take my RUMOUR gist too too seriously,its just 15% of my strategy for making money on the floor.
There're strong reasons i follow.
Buy on friday and sell on Thursday.Repeat forthnightly for 4 forthnights and you have at least 100% profit with compounding.

aktopgun:
@ fatherof2


i wouldn't consider greed as a driving force, for me at least
it is a question of strategy and goals really
i already took up a substantial position in crusader 2 months ago

Hey TopGun, That's good. 2 MONTHS AGO.That means you were in lose last week then.

adeyinkat:
@ All,

Please what's happening to Unity Bank? Anything in the horizon to explain why it's been on a trot past few days? It opened at 7.21 and never went lower to close at 7.57(+0.36 i.e 5% gain). Is there a merger or FDI in the offing?

Also is Ecobank on TS? It's been stagnant for like 2-3days. Is it because of the proposed merger? Kai this is one of the stocks that l rushed to buy(on the advice of guess who?? My stockbroker) only for it not to meet that price again. Thank God I met you guys in this forum, else I would have had my whole body (not just the fingers) burnt by now

I only use my stockbroker to effect buy or sell and not for advice. They only think of their commission most times.You have to look out for yourself.

pumping777:
Guinness dropped profits

Why will profits not drop.That new head office they're building is enough to drop profits.

hispy99:
RTBRISCOE: 3RD QUARTER RESULT ENDED SEPT 30, 2007

TURNOVER 2007 =N=11.99B 2006 =N=9.18B

PBT 2007 =N=700.90M 2006 =N=513.1M

TAXATION 2007 (=N=224.29M) 2006 (=N=164.3M)

PAT 2007 =N=476.6M 2006 =N=348.77M

Are you on the floor or are you in the US. How did this info just get to you so fast. Market just close now?.
Good result sha. ThankGod i'm in position.

aktopgun:
@roughcut et al

insurance securities are doing great right now and i don't see why th etrend shouldn't continue into the new year really, as long as one buys on fundamentals and not RUMORS!!!. (sorry, couldn't resist that )

thurs or friday next week may be early for me though

any idea when crusader will release results, grapevine says dec,
what say u?

Greediness is what causes peoples fingers to get burnt in the stock market.Set a target for exit (say 25%) Bail out by friday and move to virgin territory.
Let compounding do the job for you.Get another 25% elsewhere and move on.
You can sell next friday after making your 25% and move into crusader.I also heard of December release(RUMOUR).Then you strike another 25% when the news of the result comes out.You would have compounded your previous 25%.

pumping777:
Some additional sites as requested

http://www.financialnigeria.com/MARKETS/Stock/stock_list.aspx

http://leadcapitalng.com/resources/archives.asp

Thanks pumping for that lead capital link. Those recommendations are the main guide to investing profitably.

RoughCut:
I'm with you on this one bro

Where you beginning to doubt yourself before?.

Temmie10:
@fatherof2
i have always said, if something works for you, stick to it so i am happy you have a system that works for you.
The problem however arises in when you take what works for you and you try to turn it into a universal principle.
Trading on rumors is hardly a proven recipe for success.

Hahahahaha,, No oh, its not universal at all.Na wetin man don see say don work for am oh.
There're some other unorthodox patterns hidden in the NSE which i shall reveal soon that work just
fine in the NSE. You have to learn to decify the codes.

You see a lot of the stuff of what moves the market is always hear say. There are some facts actually.Numerical facts(i.e.results).Some turn out to be true
while some false.Most people act after the news.Take Wema.It rose from N3.50 to N11.99 and there was no fact to back it up,yet it kept rising on rumour of " I don't know what". When the news came out of FY 2006,everybody was in a rush to sell.Fine it still rose to N15.But for anyone who bought at 3.5 and sold at 9.43 (169% profit), i think that is fair.Take your profits and move on to the next good rumour like that which is available on Nairapedia daily.
Rumour and speculation moves the market. You never know when the news will come out. I never knew anything about this insurance consolidation,but someone mentioned that FG will soon release some escrow cash to them at a day nobody knew.With the News coming out yesterday,all insurance stocks were on full bid.Those who positioned on the good ones will be smiling to the bank next Thursday or friday (Bail out dates).

@Roughcut,

I take part of that back.Let me re-phrase

BUY ON RUMOUR OF BONUS, SELL ON NEWS OF BONUS.

It worked just fine 3 times for me this year.

Zenith
UBN
RT Briscoe.

I only needed to hear about zenith at N25 and sold at N70.

Those who are advicing you to quickly bail out of Wema because of TS are people who never buy POs and hate being on TS.You tie your money down during
TS.I bet you before Wema TS is lifted next year,some guys would have made 25% from GTB from 14th Nov, made 25% from Intercontinental from 13th Nov.Made 25% from WAPCO from Dec 21 2007,and still take part in wema after TS is lifted.All this while you tied money down in Wema and still wait another 7 or 8 months to collect just 43% after verification of your wema PO certificate.
They Law is Buy cheap and sell high

BUY ON RUMOUR AND SELL ON NEWS.

Happy investing.