₦airaland Forum

@FO2 - which 1 now? I dey surprised u no follow ur mates go new site. Me I go dey use this site learn and u fit teach/correct me, when u see say I dey go off course.

Do u use charts? or a combo charts and historical data, for your analysis?

HUUUUUUSUUUUU na who send you. e get reason why efriting hush hush
comot ya post double quick b4 person wey suppose to see am go see am

beginner:
Nairalanders
Does anyone know the effect of share reconstruction on companies. Is it better to buy before or after a share reconstruction.

As i be guguru wey dey online, i go talk my yown

From what I can tell, share reconstruction can be good from the company's and investors view. The reason for reconstructing is to better manage an over-bloated number of outstanding shares. When the number of outstanding shares are bloated, the goodies (dividends, scrip issues) to be shared amongst investors become measly or non-existent. Bonus for those used to it becomes impossible or unreasonable. More importantly the earnings of a company with over bloated number of shares does not look attractive for this very reason of being over bloated.

A well managed number of outstanding shares makes for an excellent share performance in the market, as investors will be keen to buy such stocks.

my 2 kobo!!!

mecatchcha:
@ Windy Wendy,

Abeg, I wan like 500k naira to invest tuesday. Can u recommend three stocks out of the six u specified for me (academy, dunlop, utc, livestock, afprint and conoil). I wan do CICO for two weeks with the money and then bail out.

I know say cavest empty apply wella.

How your pikin dey? Hope nobi cry cry baby?

From a guguru point of view: Conoil is a medium to long term gig. From a TA (technical analysis) POV (point of view), conoil is on a downward trend, meaning its been shedding weight, making it attractive which is why Guru Wendy recommends it. I can't see it giving you the type of returns you could possibly want in 2 weeks. The closing price as at friday was 118.38. I imagine you paying something in the region of 121 (including commissions) assuming it still slides on monday. N500k will get you 4,132 units. If conoil can gain on on 8 str8 days you would make N200+ gains. The question is is there something that is on the horizon to preempt this rise Those in the kno can shed light on dis matter. On a different note, without the right broker will you be able to buy/sell? Liquidity seem to be an issue here, again I could be wrong.

Same goes for Academy: lower entry price but atlas no liquidity, which for someone like you, whom I assume (if not incorrectly) are new to the NSE You need stocks you can get in and out of easily, even with a crappy broker.

This narrows your choice down to Dunlop, Afprint, UTC and livestock. From what I can tell, from a TA P.O.V, Livestock looks the most promising. But I could be wrong!!!

I empty all the Caviar, cavity and caveat emperor o!!!

[quote author=invisible! link=topic=31554.msg2061668#msg2061668 date=1205688235]Nearly did a thanksgiving ceremony today about the rumour of Beta glass bonus. But as I was on my way to the alter, I remembered that the rumour is still unconfirmed, so I went back and sat down.

Could anybody confirm this rumour.[/quote]Cj2008
previously said she abi na he spoke with the company sec, who confirmed the bonus talk, but unless the company sec na im friend or relative, the confirmation no hold wata.

Ani bodi get info on Redstarex? I dey the ride an i wan sabi wheda e still gud 2 go? Togun, Roughtcut an all those wey sabi read abela make una shine una knowledge for dis wan.

@ WW - na so you tak bypass me?

Windywendy: What's your take on Ikeja Hotels? Would you buy it? Have you bought it?

Morning y'all - What's your take on Unity Bank? Topgun seemed to express the possibility of some hope for the stock. I need to know if I should checkout? Would appreciate your responses.

@ Invincible - I hear you o, make we see wetin FO2 go talk. Make e reply WW.

shigidi:
omo you guys how far im seriously thinking of taking small position in unity bank. but is the profit worth it it can't do more than 30%, there must be better offers out there

@ Shigidi - Unity is expected/speculated to do about N15 before TS. But chances are it might,but exit has to be before N15, so in order to win on this one you need to do volume. No volume no show, unless you see better deals out there?

[quote author=invisible! link=topic=31554.msg1990904#msg1990904 date=1203881855]@Father of 2, which one you come dey yab lady windy na! If you think nobody is above mistake, then give me three 'available' stocks for monday/friday CICO.

We go target 10% for next week. E no easy na! Abi you wan help me.[/quote]@ Invincible - Dis confsashun start wen FO2 bin talk say candle dey only talk afta the fact. Na im WW come dey tell FO2 about CCNN wey in recommend, wey dey high.

FatherOF2:
Ahhhhhh sister you miss that one oh, BIG TIME.I no say you dey busy so you dey miss date easily for here. Make you go check my post well well, very well well oh. E dey very easy to check am.When you don trace my post finish, check the date when Seun attach to am.I think you know how to trace post. YOU MUST TRACE AM. No let your eye GLAZE as you dey trace am oh. When you don trace am finish, go www.cscsnigerialtd.com. Then go to price history, when you find the price when match the date of my post or the preceeding date,i want make you come talk am for here with great speed and alacrity.I get stake in any stock i talk ([b]very important u know).[/b]
I remember i quiz you one day on Unilever some weeks ago. " I ASK IS IT TIME". That na my question to you. You know wetin happen one-two weeks later Abi.
My sister timing na the blood of NSE. Make you go confirm that ccnn date again eh.
On another note, are you still thinking of exiting your Unilever at N26 as you talk that time?.Check am well oh.

FO2: Baba2 this na reason why I take like you plenty. You get integrity. You mention stock and you get seat inside. You recommend stock and everybodi get to chop inside. You be beta pheson

Thanks for sharing and being true to yourself.

pumping777:
It is a taboo not to read previous posts before asking questions ke A whole you for that matter?

I just dey pull your leg but if you navigate back a few pages (maybe even this one) you will find the jist. I don type pass to answer the question sef. Make I kuku talk am again.

Deap must have been marked down for the 1 for 2 bonus. Today na closure date.

@ Pumping - U 2 much. Thank u jare. Ur mama born u well.

aktopgun:
shine your eye bros. it was marked down today as pumping don dey talk since 12a.m this morning

@ Topgun - thank u.

@ All - so does this make Deap a good entry candidate now?

[quote author=Mr. Risky link=topic=31554.msg1947065#msg1947065 date=1202828234]Which price list are you following?? [/quote]@ Risky - Right now - Capital Assets

Does anyone have the fair value for Nem? It closed at N4.66 today.

I beg o!!! She I dey see double

How can Deap Jump from N10.44 to N6.87 !!!

A whooping 34% jump 9 trades and a volume of 321,000

Please enlighten me.

son5070:
FCMB PO FROM CSL Stockbrokers Ltd

1,000 - 999,999 (97,433 applicants) - 100% allotted.
1,000,000 - 4,999,999 (266 applicants) - 90% allotted.
5,000,000 - 299,999,999 (112 applicants) - 85% allotted.
300,000,000 - 749,999,999 (3 applicants) - 30.77% allotted.
750,000,000 and above (3 applicants) - 5.20% allotted.

Total allotment = 4,505,797,259 units

Is this true? You mean if I had applied for 1 million units, I would have got it

If this is so, then FCMB was a much better offer than all recent offers put together!

@ Debenzd -

These companies are expected to float their Offers soon

NEM Insurance Plc
Crusader Insurance Plc
Unity Bank Plc
Union Homes (REIT)
Custodian & Allied Insurance Plc
Niger Insurance Plc
Linkage Assurance Plc
Standard Alliance Plc
Oasis insurance Plc
Staco insurance Plc

After the Doji pattern on the candlesticks yesterday, it was 50-50 which way oceanic would go but now it has gone positive. RSI Above 50 line and MACD over its reference line (EXP-9).

there were no sellers for cutix today according to the candlesticks, none at all, only buyers

@ TopGun - How can you tell from the charts that there were no buyers, but only sellers? I am yet to understand the exponential readings from charts, similar to what you posted above. What do these figures tell you?

@ All - Anybodi sabi Redstar express? Does anyone have any current figures? Pumping I C You oh. do you have any thoughts on Redstar? Would appreciate any input, thanks.

@ Pumping - When do you think the elephant will fly, with regards to your earlier post? I recall WanaJo saying this would be a lon haul flight, do you share his optimism?

@ All - Anybodi sabi Redstar express? Does anyone have any current figures? Pumping I C U oh. do you have any thoughts on Redstar? Would appreciate any input, thanks.

She nobodi kan see dis post comment? As efribodi now wan buy union homes dem no sabi say e dey strong bid today which mean e go dey strong bid tomorrow?

@ Fo2 - Dem talk say Equity Assurance na UBA throw way moni inside am, abi na lie?

[b]Short Term Volatile Stock recommendations (basis price movement and media info/CAVEAT EMPTOR/ High Risk!)

1) UNTL (FG disburses proposed recovery loans to the textile industry find month price movement attached) Exit price =N=5-6,exit date Feb 12 - 17th

2) UNION HOMES (Proposed IPO), exit price =N=10, proposed exit date Feb 5, also good for medium term

3) Japul Oil (Industry monopoly, strong management, exit price =N=15, proposed exit date Feb 12 - 17th

4) CapOil , subject to availability, renewed activity, proposed jetty expansion, exit price 15 naira (IPO suspected)

Business Section : Hope For Textiles source The News 21-28 Jan. 2008
Posted by admin on 2008/1/21 11:36:31 (18 reads)

Worried by the dwindling state of the textiles sector, the federal government approves a N70 billion lifeline for the comatose industry in the form of concessionary interest rates bank loan

By Clement Oriloye

The Federal Government is taking a hard look at the ailing textile industry with a N70 billion lifeline. To this end, at its first executive meeting this year on 9 January, the Federal Executive Council, FEC, approved the sum of N70 billion to revive the ailing sector. According to John Odey, Information Minister, the government is very concerned about the downturn in the textile sector. Odey posited that FEC reckoned that the Textile Revival Fund, TRF, that was established on 16 May 2007, is a good policy support initiative that could address the problem of the industry. The TRF was set up by the administration of President Olusegun Obasanjo when in August 2006, the former president deemed it necessary to revive the industry.

Under the arrangement, N50 billion will go to the industry by way of loan, N10 billion will be for cotton development while N10 billion has been earmarked for support programme. Already, the federal government has entered into a standing agreement with UBA plc as financial arranger for the N70 billion fund for on-lending to the sector at a single-digit interest rate. The Nigeria Export Import Bank, NEXIM, is expected to disburse the fund to deserving textile firms.

To underline its seriousness, government plans to assist the industry in the provision of needed raw materials for production and the sourcing of fuel to power production. Government is particularly willing to assist textiles manufacturers to source for Low Pour Fuel Oil, LPFO, or black oil as it is popularly called. LPFO is a key component in the production of textile materials. The Minister of Petroleum is expected to make arrangements on how the industry will readily access the raw material locally.

Sanusi Dagash, the Minister of National Planning believes that sourcing for the raw material would not be a problem as government hopes local refineries will come on stream soon.[/b]

Stacks:
Equity Assurance is on Strong offer [b]based on UBA [/b]but has a demand of 53.47M

@ Stacks - where were you a few days ago when bin ask now?

I for no sell !!!

Just got this unsolicited in my mailbox: Someone is out to scout the unsuspecting and the ignorant. This can only mean one thing - they stand to gain from fools who rush in where angels fear to thread.

BEWARE BEWARE BEWARE BEWARE BEWARE BEWARE!!!!

Short Term Volatile Stock recommendations (basis price movement and media info/CAVEAT EMPTOR/ High Risk!)

1) UNTL (FG disburses proposed recovery loans to the textile industry find month price movement attached) Exit price =N=5-6,exit date Feb 12 - 17th

2) UNION HOMES (Proposed IPO), exit price =N=10, proposed exit date Feb 5, also good for medium term

3) Japul Oil (Industry monopoly, strong management, exit price =N=15, proposed exit date Feb 12 - 17th

4) CapOil , subject to availability, renewed activity, proposed jetty expansion, exit price 15 naira (IPO suspected)

Business Section : Hope For Textiles source The News 21-28 Jan. 2008
Posted by admin on 2008/1/21 11:36:31 (18 reads)

Worried by the dwindling state of the textiles sector, the federal government approves a N70 billion lifeline for the comatose industry in the form of concessionary interest rates bank loan

By Clement Oriloye

The Federal Government is taking a hard look at the ailing textile industry with a N70 billion lifeline. To this end, at its first executive meeting this year on 9 January, the Federal Executive Council, FEC, approved the sum of N70 billion to revive the ailing sector. According to John Odey, Information Minister, the government is very concerned about the downturn in the textile sector. Odey posited that FEC reckoned that the Textile Revival Fund, TRF, that was established on 16 May 2007, is a good policy support initiative that could address the problem of the industry. The TRF was set up by the administration of President Olusegun Obasanjo when in August 2006, the former president deemed it necessary to revive the industry.

Under the arrangement, N50 billion will go to the industry by way of loan, N10 billion will be for cotton development while N10 billion has been earmarked for support programme. Already, the federal government has entered into a standing agreement with UBA plc as financial arranger for the N70 billion fund for on-lending to the sector at a single-digit interest rate. The Nigeria Export Import Bank, NEXIM, is expected to disburse the fund to deserving textile firms.

To underline its seriousness, government plans to assist the industry in the provision of needed raw materials for production and the sourcing of fuel to power production. Government is particularly willing to assist textiles manufacturers to source for Low Pour Fuel Oil, LPFO, or black oil as it is popularly called. LPFO is a key component in the production of textile materials. The Minister of Petroleum is expected to make arrangements on how the industry will readily access the raw material locally.

Sanusi Dagash, the Minister of National Planning believes that sourcing for the raw material would not be a problem as government hopes local refineries will come on stream soon.

@ All - What is behind this inexhaustive thirst for Equity Assurance? over [b]2,243 [/b]trades

It has been on bid 5 straight days if I'm not mistaken.

@ Upward - Naawah o. Una no dey check previous page? Una fit go FUSL website for direct info daily no need to wait o

NSE BID/OFFER Positon of selected stocks at close of trading on 23 January 2008
Demand Supply
INTBREW 15.58m FIRSTINLND 8.20m
AIICO 79.18m WEMABANK 23.96m
ECOBANK 12.02m FOOTWEAR 0.148m
ACENINS 4.53m
ZENITHBANK 17.16m
CHEVRON 0.907m
JAPAULOIL 11.69m
SKYEBANK 4.99m
CAPOIL 0.249m
DEAPCAP 4.63m
EQUITYASUR 53.47m
JULI 1.48m
COSTAIN 1.17m
BIGTREAT 6.59m
WAAP 1.00m
WAGLASS 5.65m
TRANSEXPR 1.83m
NSLTECH 0.800m
UNTL 4.78m

http://www.fidelityunionsecng.com/index.aspx

NSE BID/OFFER Positon of selected stocks at close of trading on 23 January 2008
Demand Supply
INTBREW 15.58m FIRSTINLND 8.20m
AIICO 79.18m WEMABANK 23.96m
ECOBANK 12.02m FOOTWEAR 0.148m
ACENINS 4.53m
ZENITHBANK 17.16m
CHEVRON 0.907m
JAPAULOIL 11.69m
SKYEBANK 4.99m
CAPOIL 0.249m
DEAPCAP 4.63m
EQUITYASUR 53.47m
JULI 1.48m
COSTAIN 1.17m
BIGTREAT 6.59m
WAAP 1.00m
WAGLASS 5.65m
TRANSEXPR 1.83m
NSLTECH 0.800m
UNTL 4.78m

http://www.fidelityunionsecng.com/index.aspx

@ mcsamson1 - Do you have shares in Wema?

CBN, Wema and Omoyeni


[b]First it was the usual denial and corporate communication of an annual leave that has now been confirmed as a compulsory leave involving both the bank’s Group Managing Director, Mr. Adebisi Omoyeni and Head of Financial Control, Mrs. Yinka Onifade, with effect from Friday.

Indications have now emerged that the Central Bank of Nigeria may constitute an interim management board for Wema Bank have emerged, just as examiners from the apex bank and Nigeria Deposit Insurance Corporation began a forensic audit of the bank’s books on Tuesday.

CBN sources said that the comprehensive investigation into the bank’s financial affairs was being undertaken because the top management routinely denied both the CBN and the NDIC free access to information in previous examinations.

CBN sources said a top bank executive had been approached to take over as acting GMD while the audit lasted but did not want to give a name until the offer had been accepted.

Reliable industry sources, however, told the PUNCH correspondent on Tuesday that the CBN had invited the Executive Director, Risk and Management Control, First Bank of Nigeria Plc, Mr. Lamido Sanusi, to takeover the affairs of the bank.

Some of the issues in the examiners will look at, it was learnt, include the sale of Wema Bank shares previously held by the Odua Group; loans administration procedure; contracts award processes; purchase of official vehicles and a controversial housing grant awarded the GMD.

However, the Deputy Governor, Financial Sector Surveillance, CBN, Mr. Tunde Lemo insisted on Saturday that Wema Bank was healthy. - Punch

NB: The question is what should investors do in all this? If the bank is healthy, why make wholesome changes to a healthy bank? Send us your inside info on what you know about this developments. [/b]

Source: PROSHARE

ebony9ja:
nairalanders,

anyone with today's bid/offer positions ?

see bid/offer updates at the bottom right hand corner at FUSL site: http://www.fidelityunionsecng.com/index.aspx

help me:
You are telling me,she is lieing to me,i will call her tomorrow to sell and she should not lie to me.She forget say i get my invisble and best brokers for nairaland.

@ Help Me - E be like say you really need help o Na wetin concern agbero with overload How your broker take lie now

@ Invincible - I also use FUSL and yes, they are prone to doing this. However, as usual there is no problem. Give them a call or email customer services and they will sort out pronto.

[quote author=invisible! link=topic=31554.msg1873596#msg1873596 date=1200945191]I have a problem here, a very easy looking problem, but may cause a big problem later. My stock broker has been double buying stocks for me. By this I mean he either knowingly or unknowingly executes my buy orders twice.

Today, I got a trade alert for 20000 units of FBN. I had given them orders to buy last thursday, which they bought at 42.90, today they bought another 20000 units at 42.30. What do you guys suggest I do? I have not enough money in my account to cover this purchase.

Last time this same thing happened with Diamond bank, I had to put in more money to put my account in credit.

Do you people think this is bad, will they go on and charge me interest if I don't pay in money to credit my account?

Has anybody experienced this before?[/quote]This can be good and bad. Good if you stand to make a killing. Whatever their charge (hopefully, it isn't outrageous) it will be absorbed by the profit you make especially if its ma short term gig.

However, if it's a bad buy or speculative buy, you want to make sure that they don't buy over an above your requirements. Make enquiries as to how much they charge for credit buys.

help me:
@kevyngbash
The price was even above N40.50,it was N40.90(last friday) on NSE,she was telling me the stock is still on pending,and the price have dropped to 39.55 today.I gave her a mandate of N40.50, because i don't know before the NSE lift it from pending,may be na N30.Help me the gurus.

@ Help Me - I will assume that you bought the stock at a low price (your entry point) and now intend to sell at a higher price, which you have hopefully predetermined (your exit point). If for example you bought this during their last public offer, then you have made well over 100% and should therefore readjust your exit price if you don't want to lose out entirely. For each day that you don't readjust your exit price lower, since the stock is currently shedding weight, you will have to wait much longer for the stock to rally back to your initial exit price of N40.

So long as you have made decent gains (over and above commission charges) you should be happy to exit lower. I would suggest you set your exit price tonight by email or first thing tomorrow before trading starts at a minimum of N39.

Hope this helps

blueband:
I just offloaded my equityasur.After making a profit of 100 percent.I only bought in November.Greed almost allow me no sell.But like the gurus always say, "stick to your exit plan and don't be greedy"

@ Blueband: Good thing you exited at your exit point, but where do you see this stock going? Abi e don reach last stop? It gained 4.82%