₦airaland Forum

oawele:
@ all
what would be the effects on the proposed share reconstruction for oceanic bank?

1. Overall good
2. Individuals will have less number of shares in the company _obviously
3. This I think is to meet the market psychology  _{cheaper shares}  abi share prices in a certain range will make more returns.
4. However with the bullish trend Oceanic price will still be facing Bornu,

My suggestions

D328babe:
My People,
I am seeking advice.
I use MBC securities and up until last year, I've never had any issues, despite having been through 4 account officers ( who leave fro one reason or another) and now the fourth one is becoming a real trial. I bought several POs & IPOs through them and everyone else is getting feedback on returned monies and allotment. I have asked my current officer if there is any feedback and he gives me the impression it isnt his work, one and two the registrar will get back to the individuals directly, I truly don't know what to believe. PLEASE, Is there anyone else who uses them and has a reasonable contact?. my email is d328babe@yahoo.com. thank you.

Please take some time out and visit their office if you haven't done so already. If you are out of the country then put loads of pressure. I know brokers are under pressure just like the market is under pressure (so do your public relations well), However this is your money so chase it.
Also chase the brokers. Had to visit UBA/Zenith registrars to fix certificate issues when my brokers couldn't.
Act quickly!!
Good luck

pumping777:
I don't think UBA is a CICO stock. It is very strong fundamentally long term. I think the nominal price may be a disadvantage against CICO until some very serious rumour is in the air.

Good Pumping!!
Thanks for that if you notice I put question marks. UBA is ripe for a rise just like FBN and one can gain some CICO returns however it is fundamentally strong,
Agree with u sha

Hello all,
The team is still Super Eagles,  faltering is allowed so long as they don't come to the earth to eat grass with chicken.

@ Mr Risky
Short/Long term:
Nestle, FBN, GTB, Chellarams, Okomu NGC, RTBriscoe, BOC, Vitafoam, etc Reason fundamentally sound and constantly making profit plus dividend payments.
CICO/GIGO/ZiZO,
?? UBA
My suggestions oh,

@ Frankiri,
Take k man, God strengthen you protect, comfort and provide during this trying time
Cheers

windywendy:
@Fatherof2, you know say you be my brother any day abi? And I respect your opinion very well on this forum as well as the other many varied opinions. But e get one thing when you dey do wey de vex me well well.

Your strategy is sound no doubt, and you're obviously successful at it. I, like you, trade very heavily too. But sometimes your comments seem condescending to people who choose to do long term investing. Not too sure what's going on between you and Wanaj0, but it's not too cool for you to come out and call a stock useless, especially after someone has recommended it. Haba, Fatherof2, this detracts from your very well respected views na, it's beneath you.

Anyway, me I don talk my own finish  . Please keep your comments impersonal, it'll help to foster open-mindedness on the forum, which is what we really want.  Abi?

I learnt from this forum the word PREMATURE EJA, sincerely some people including me can be culprits, Please WWendy no vex,
NaijaDr thanks too believe that your explanation is cool.

@Cleasing has some bright minds managing it, moved in 2006 abi early 07 to their permanent property and has enjoyed a lot of PFA funds.  Furthermore and  those statisticians/actuarial folks managing it have not run out of ideas yet.
Summary It will head Borno still.
Cheers folks

its not giving them a good rep at all. i  expect UBA will be smarter than that but then again i've been wrong before  
[quote][/quote]Yep that's how you know which coy has a good management,

FACT: There is a lot of money around with some of the banks

QUESTION: How will they use it?

UBA Zenith Afribank- are gulping others, Hope they'll release money to businessmen.  And there will soon be power, good roads and better investment climate to run all these businesses.
Then most sectors will see prices facing Maiduguri this time

For NSE, I went to their website, signed up under register. Then downloaded and filled out form, and emailed it to my broker who will sign and submit it. Its the regular N2500 to do that. Your broker does have to sign the form so you can just ask them to do it for you.

[/quote]Thanks Man for confirming how to do this, Now I can checkmate the brokers,

[quote author=pumping777 link=topic=31554.msg1854616#msg1854616 date=1200416648]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.

UBA and Zenith have been buying banks, http://www.tribune.com.ng/15012008/news/news3.html; http://www.businessdayonline.com/banking/1899.html
UBA has gulped like 4 failed banks so I think they are trying to add that value,  What i don't understand is why they don't just leave it and let the market push up the price,
So dont get perplexed factor this in,
Cheers

Aktogun,
The bundle of joy- Tobechukwu will remain so.
It is well, Prasie God.
Cheers

lovely folks lovely am reading the comments and wish i had 26hrs 2 spend 2 hrs extra online

@Grabdaloot would suggest 3 sectors
2nd tier stocks
Healthcare: evans
Chemical and paints:dn meyer/berger Nig german etc
May be ABC transport
My reasons those are sectors that with a few things put well in the country will rise well also expecting good results this year.
Pls who are your brokers that ensure you make the short term sales, how are their services?,

Welcome Temmie and Shig, good to have you guys back

@loma depending on the state of your liver i would say keep all.  HOwever ou may exit all except WApco the price is going somewhere north only that i dont know how far,

@Yodi
I dey your side after selling what next? After prancing around taking all the profit abeg settle the cash somewhere fundamentally ok, _{this suggestion goes to grabdaloot too even though i fell you have done that already} If not all at least a percentage,
Cheers

Thanks Fatherof2, Easi, and Tiwa,
Will dig in again esnips?
@Yodi
My friend cleaned out a huge profit Jan 07,  no rest yet may be in May,
Happy new year
Like i keep teasing we need the female intuition, it does go a long way.

@WWendy hmmm just a comment, BGL are smart guys, and good players in the NSE in my comparison style they are like the UBA of the Nigerian big stock market players

FatherOF2:
@ 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.

Contrarian,
Thanks too

@Fof2
Please recommend book(s) on Technical Analysis (TA) one can read?
I think have asked you about this b4, 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

FatherOF2:
i really wonder how many longtermers still remain for this thread.

Its now a mix man,
Why leave money in zen if it will drop from 60 to 40 naira and take 6 months or a year to rise back to 60 naira.
Take the profit may be with 1/2 of the units then reinvest if u so like them. Its fun, I guarantee that u are enjoying yourself,
Hope you have not been burnt badly _{Infact i ask share the burnt experience with us}. If you havent then share that of a friend and base line
NEVER LOOSE MONEY, because I dont intend to loose any,
Cheers

invisible!:
@ Gees, did you just mention Nestle? My broker was telling me to buy some today, but you may know better than he does, so spill the beans man.

Invisi,
Nestle has been rising for 5 years consistently _{quietly making money for its investors} so much that there is a huge price gap bw it and its peers in the same industry and country.  As a fundamental (long term) investor my money is safe in Nestle, I see it as a First bank of the food and beverages sector,
It will pass 350 naira except the come to the market,

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 cos 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

Happy new yr folks,
@ No shaking
Are you Tuface abi sound sultan or the Plan, boyz love the rhymes, Have u thot of using it ?

@All some good news from my reading
In this first quarter watch some insurance stocks, niger, royalex.
UBA is the only 'free' big five bank and its up for grabs join now, Zenith will run afta the PO.
The NSE is defying trends because of a sudden awareness of the market.  So RSI, MACD signals etc are screeching, _easimoni However i believe it will cool down by April.
Nig german wants to join CAP however its not alone even DN meyer/berger might be joining, Any takes on Nestle, vitafoam and gsk Am beaming in on them,
After some good research enter each stock heavy, returns beta with larger volumes _{well don (fatherof2)}
Lastly, these are my suggestions please,
Happy investing
Cheers

@All folks,
HAPPY NEW 2008,
more grease to our fingers and brains above all I pray we all make returns on our various investments,
@Aktopgun,
What are u doing here? Madam and Tochukwu nko?
Regards
Happy investing folks,

texas543:
Anybody watching CAPOIL? From less than #1 sometimes in Oct to #4.7 now . another afroil in the making Any info please? Been digging but to no avail

Have you heard of 'High risk, high returns?' or illiquid according to Wanaj0, Thats how i describe those two stocks. However if you can sell off with a decent profit WHEN YOU WANT TO then please go for it,
Go for it man, Trust you must have done your research,
Cheers

@Kpineo,
Thanks for the updates more grease to your elbows,
Happy 2008.

@Grabdaloot,
Thanks for the info,
Having a fifth thought about TA, Any literature to read please?

For they that are remaining,
Please take a break,

See you all in the new year
NO nothing shall stop us from seeing it Amen,
Cheers

Naijadr:
haha free ke, awon boys must chop now, prob need to settle a few people, but if its big money then clearly rewards outweigh the "negotiations".

Even the legal adviser wont serve u 4 free.
However if the amount is worth it please go for it

@ Talktrue,
To borrow a leaf from ololufemi,
I suggest

do the following:

1 Contact your legal friend or lawyer.
2 Obtain copies of all necessary documents needed for investigation
3 Report him to the Investment and Securities Tribunal first then EFCC later if he does not respond to the previous two.
EFCC for me is more interested in certain amounts of cash dont know the exact range.
However even sec will report an issue to EFCC if it is beyond them,
But you will need a legal adviser because the adviser then represents you
You can visit these web pages for information
http://www.sec.gov.ng/contact%20us.htm
http://www.sec.gov.ng/apcdecisions.htm

Act fast

To all the ladies on the thread,
I recognise the unique God given gift of intuition bestowed in the woman, Abeg lets feel more of you on the thread,
Yodi, WWendy et al
Just saying hi,
Have a great week everyone

@ All
I believe we will all improve our status from the NSE and other streams of income, however please dont let greed drive one under.
Margins are good however don't take one until you can keep paying from your salary or biz, even if the stocks you bought did not yield profit in thte time frame expected,
Got burnt in NOSpec, even though i had warning signs, I had to sit tight for a while,
In 2008 my suggestion RESEARCH b4 you place the order,
Cheers

WOW,
Three days break and it took discipline to get to the end of the thread,
Thanks technical analysts, but I STRONGLY suggest fundamentals is key, The Iroko tree is not strong for nothing,
PLEASE FIND THE ROOT OF THE TREE BEFORE YOU INVEST, If you can't ask here, at least to start with.

@ Aktopgun
Congratulations, May God bless and increase you continually.  Nice to see you shared the joy with us,
Having read the posts its not that scary yes you'll have disturbed sleep but we humans are good at adapting so you'll adapt,
Regaeds to ur wife.

@Wanaj0
How is the auditorium what i see online is impressive?,
How sad that you'll be reducing your presence here but I would rather that the calling take higher priority,
Shalom

@All
Please keep pumping The nigerian market is getting deeper, I just pray we fix PHCN, Refineries, tighten our borders and keep the money in the country,
1USD will soon be 50 naira, No more GDR's

Cheers

easimoni:
Nope, I didn't say so. I said it was too early to buy and then the 9 months came out and the market jumped! I think it's a good stock but a bit too expensive right now. But if the growth continues in triple digits, It will look cheap 6 months from now.

My plan is to bite the bullet and start to buy now. If the price comes down, good; I'll simply average down

On c and i my take is in one year they'll make over 100% ROI all things going well.  
I suggest enter soonest because the 2007 profits will be super.  Benefited from their services and they sure have some good money cruchers, Anyone thinking of buying a suzuki? its a 12 naira stock soon.

Our leadership again,
Prayer: 2008 every enemy of Nigeria/NSE progress must be,
http://businessdayonline.com/National/1555.html

Soludo at it again,
I hope this will improve corporate structuring and governanace and secure shareholders funds,

CBN harmonises job titles in banking industry
By Yemi Kolapo
Published: Wednesday, 12 Dec 2007
The Central Bank of Nigeria has approved the harmonisation of job titles in the banking industry to foster easy interaction between the institutions, the public and third parties.

A circular to all banks and discount houses, posted on the CBN website on Monday, and signed by the Director of Banking Supervision, Mr. Ignatius Imala, said some banks designated their personnel, particularly the top management staff, with job titles that were different from the conventional ones.

Imala, in the circular referenced BSD/DIR/GEN/CIR/V.1/018 and dated December 7, 2007, stated that while the practice might not be bad in itself, it might be difficult for the public and third parties to know the levels of authority and responsibility such designations depicted.

He explained that for simplicity and comparison across banks, it had become necessary to harmonise such designations with those already well known.

The CBN has, therefore, outlined acceptable equivalents for the major conventional titles.

In the CBN circular, conventional titles like ‘Managing Director/Chief Executive Officer’, ‘Deputy Managing Director’ and ‘Executive Director’ were retained.

However, for ‘General Manager,’ the acceptable equivalent is ‘Senior Vice- President’, while the acceptable equivalent for ‘Deputy Manager’ is ‘Vice President’.

The acceptable equivalents for others like ‘Assistant General Manager’, ‘Principal Manager’ and ‘Senior Manager’, according to the circular, are ‘Assistant Vice-President’, ‘Principal Manager’ and ‘Senior Executive Associate’ respectively.

The CBN also reminded banks that section 5.2.2 of the Code of Corporate Governance for banks disallowed the creation of the position of Executive Vice-Chairman and required that the position of the Chairman of the Board must be separate and distinct from that of the Chief Executive Officer.

“Titles like ‘Group Director’ or ‘Regional Director’ are also not permitted designations in the banking industry. All institutions are to note that this directive takes effect from the date of this circular,” Imala said.
http://www.punchng.com/Articl.aspx?theartic=Art20071212343521

Pray this attention will be turned to other sectors

RoughCut:
They have been concentrating too much on the NSE instead of the roads and bridges in desperate need of repairs

The banks saw the analytical brains of engineers and employed them in loads, No blame engineers abeg, When the govt decides to fix raods every 6 months may be we will go back to engineering, Besides this is just a hobby.
Morning Guys and ladies,
Wishing you all a merry christmas,
We shall all see the new year
By the way dont invest too much that there is nothing 4 Christmas ,

Welcome Ckenneths,
I believe your in the right place, I can assure you of getting hooked and forgetting SMN.
Thanks for your insights too.
Warm regards to all who are back, this early.
Afribank & UBN, As Wanaj0 says it junk journalism but for a purpose, Just concerned why UBN wants to buy another 'slow' coy Afribank, I see them as bereaucratic,
Welcome folks once again

@shigidi,
forget that your goodbye,
this thread belongs to ayala2002,not you.
2007 is not finished yet,a lot can happen in NSE in one week.
[quote][/quote]Abi oh,
If you want to start that thread please go ahead, folks will join you.
Cheers

Thanks Emmaachile, Yodi and all for the resource.

@ Wanaj0,
If I go  underground then know am reading the spreadsheet.

@WWendy,
Thanks too for the news on Union Diagnostic,
Where is that concerned poster that wanted to know what happend to Union Diagnostic, hope you are reading?
I pray they hit the NSE soon.

@aktopgun
Its not just an addiction its the fact that when i close work its going to take at least 30 mins of reading to catch up so if you get busy and PHCN helps you then one is looking at serious time just to catch up.
Little wonder the NSE is enjoying, However according to experts only 10% of Nigerians are investing.

Happy weekend folks and welcome to A glorious month of December,
Cheers

@ Wanaj0
Thanks fully understood,
I tting keeps ringing research research,
How does one make out time to meet up with this thread, spreadsheet and work,
To be a man is not a day job,
Thanks once again
Cheers