₦airaland Forum

In the words of Oga WanajO, anybody on the Equity Assurance train? What is moving this stock, as per guru talk, fundamentals no support am. Technicals show overbought. RSI don dey reach 100.

Since I no sabi I go ask ni ke! If this stock is breaking new grounds as in new highs to meet up with its peers, in the region of N5 - N7 is it possible for indicators to show overbought/RSI into the 70's

I beg mak una ansa student o

@ all - Make una helep me o! Does anyone know the minimum for opening an account with TRW Stockbrokers? It saeems like Aktopgun is with them, O'l boy can you help out here?

I can trade or do anything My brokers are killing me right now!!

@ Aktopgun: Please be reassured that Tobechukwu will continue to bring Joy and gladness to you. He has the protection of one that does not go to sleep whilst we all sleep. Tobechukwu is healed of all infirmities. HE HAS NO PROBLEMS, NO WORRIES. This is the will of God concerning him.

@ all - what's the outlook for Fidelity and Unity bank (speculative)?

Omoba3:
@ Baba2 - Na you biko You just dey drop style left, right and center.

Recently WanaJo said something along the lines "do you have to buy every offer that comes up" How very true.

True because not every offer is a "good" offer.

True because PO's do not necessarily meet everyone's investment criteria.

True because not because they are now often over subscribed, but because they now seem to offer ridiculous amounts of units in the offer. which means they menat for it to be over subscribed in the first place.

For example:

AIICO - based on 2,500,000,000 units @ N2.50

only 50,000 investor applying for for 50k units each and they've already bought up the entire offer.

50k units each = 50k investors

10k units each = 250k investors

5k units each = 500k investors

2.5k units each = 1m investors

Costain: 178,162,966 units @ N13

This is even more worse than Aiico!!!

50k units applies each = 3563 investors only!!!

25k units = 7126 investors

15k units = 11,877 investors

10k units = 17,816 investors

5k units = 35, 632 investors

2.5k units = 71,365 investors!!

For these kind of miserly units, why on earth would I bother? Why should anyone bother?

@ Omoba3 - I gree wit u o. The units being offered are quite ridiculous and not worth getting out of bed for.

No worry just dey jack the thread dey go.
Beta tin dey future, just dey hold emergency money.
I think you sabi " EMERGENCY MONEY".

@Baba2 (Fo2) - I don hear you. God don bless u.

I been dey wait to enter insurance wen im drop, so moni go dey, I get emergency 2, so wen you holla I go hear you well o. You fit throw me mail too.

I also dey Access, e remain small make i commot o. Na witch time u wan commot, make I follow u?

@ FatherOf2 - You go enrollment me for dis ya successful skool oh. Me sef wan chop like you so I dey wait enrollment form quick quick.

E be like say na you I go follow reach promised land.

I no mind long term if I see good opportunity like my broda pumping triple 7 iron, I wan strong like all of una so make una no 4get me oh.

aktopgun:
@gudchoice

as i am writing this i just finished seeing a patient with a chest infection, sorted him out. it doesn't take that long really. i wrote the post u quoted before i left home this am and thanks to u and nairaland wifey dey vex for me now say i dey chat online when i suppose dey prepare for work. the price i pay i guess, will make it up to her when i get home.

as i said, its sunday and my in-patients have been sorted out so i am not skiving so to say .

your views and comments are and will always be appreciated man. Lets thank God our minds are intact and we can think to invest, u wouldn't believe what a blessing it is if u've seen what i've seen working as a psychiatrist my brother. The lord is to be praised o!!

@ Aktopgun - A man with your sensibilities always knows how to make people happy and right wrongs, so I know you will appease wifey easily.

The things we come across in life are bound to make us appreciate God and what we have in our lives. I'm truly in awe of the great minds that exist on this forum. I'm glad I find myself in the midst of all of you. This makes me even more proud to be a Nigerian.

poke:


A bwill continue ook worth owning is A neat little guide to stock market investing by Jason Kelly, it has a lot of the info u need really but i to try to give my digested thoughts on what he and others have so beautifully written[/color]


AKTOGUN

What is actual title of the book you quoted?

@ Poke - the title: The Neatest Little Guide to Stock Market Investing 2008 Edition; http://www.jasonkelly.com/smi.html

aktopgun:
@Gudchoice

to reply your post and answer your "how to", and "how do we know", i have a question too, "how do the more experienced investors aka gurus know as well? do u know?
i think i have a rough idea of the answer to that question and it is that they learned, and learned and applied and learned some more.
Fellas have blessed us all with their knowledge on this thread but it didn't just fall on them as i'm sure u know.
The info and insights have as someone said earlier just made the learning curve of anyone interested in learning less steep but shouldn't take the place of individual learning.
As u must have read in my post i said the expertise being shared here has been excellent, selfless educative and quite supportive. Some of the questions u asked on your post about stocks are learnable(if there's such a word). its the technical stuff of uploading, tech indexes, software manipulation tha have enriched the whole process as an add on and doesn't and shouldn't replace the study and learning.

here are some more important questions i think would further help the learning of the game for people who are still learning:

How do i evaluate a stock please anyone?
ho do i read and understand a companies financial report to get the gist in my evaluation?
how do calculate p/e ratio, eps,cash flow per share, dividend yield,current ratio,rsi,macd etc
how do u know when a stock is under or overvalued?
how do i handle my relationship with broker X?
what types of brokers are there
what is all share index?
please explain bid, offer system anyone?

all of these questions have been asked and answered in the early and mid parts of this great thread for peple willing to learn and i'm sure its helped fellas not only learn but feel more confident in themselves to make their own investment decisions.
Many of us don't even know we have to have an investment plan preferably before we begin to invest and just go with the latest hot pick on the current page being discussed.
there is a wealth of knowledge already divulged and still waiting to be divulged on this thread but we won't get it if we don't ask for it by asking questions to enrich our arsenal(did i just add that useless team's name in my post) (MAN. You 4 LIFE!!, CHAMPIONS BABY)

The learning continues. happy investing

@ Aktopgun - I go report u o!!! How u get time to write like dis? U must be pulling extra shift or skiving, anyway you are excused (thanks for the tutorial)

I hear you loud and clear and realise that there's only so much a guru can do help someone who chooses not to help himself. Yes, many amongst us would rather be spoon fed, while others would rather learn how to feed themselves. However some amongst us do not catch up so quickly, these are the people I speak on their behalf.

They themselves are frustrated with the pace at which they learn and understand, so someone has to do this payless, but not thankless job.

I appreciate all the effort everyone puts into this forum. Its an exceptional thing to see us Nigerians being our brothers' keeper. Not only do you enrich yourselves but you enrich others.

As I write I realise something. Our individual circumstances contribute to how we best apply ourselves to opportunities surrounding us. If someone has an enormous and pressing financial burden, this might compel the person to seek stocks that "pay gold" immediately as opposed to learning the ropes. Hopefully such a person will change once their crisis is over or subsided.

My man Pumping777 - I hope my explanation above, explains my explanation to the explained

I dey your side kampe. No shaking. I be learner so quite willing to learn and burn the midnite oil.

niceuzor:
Gudchoice - plz briefly a little about this thread, it's seem to be confusing!

Niceuzor - What about this thread do you find confusing? This thread is for people interested in stocks on the NSE (Nigerian Stock Exchange). If you are interested in stocks and need to know about it, this is the place to be. If you have no prior knowledge, you will need to start reading this thread from page 1, coupled with getting a basic understanding of stocks in general from www.investopedia.com or www.about.com (under the finance section).

Whilst going through the pages of this thread from the start, you will need to start taking notes of things you understand and those you don't. For the things you don't understand, many gurus are here giving selfless advice and sharing their wealth of knowledge.

I hope this helps somewhat.

Easibaba - you are da bomb. okurin meta be ko. You are a real treasure, really.

I recently deleted Aptistock from my pc. I just couldn't get it to work. I turned to Metastock, but that required verification. Now with your wonderful tutorial I can boldly venture back into Aptistock.

Thanks ever so much.

niceuzor:
nio68 - what do you mean by silent reader,plz i'm a little bit confuse here.

@ Niceuzor - Nio68 has been following the thread without actively participating or anyone being aware Nio68's existence.

Posted by: kevyngbash

Kindly help me out here. I am eager to convert my 'spreadshet money' to cash and I want youto tell me exactly how I should do this.

I have a stock that has made 80% and another one that has made 50% since november that I bought them. When you talk of extracting your profit only, what do you mean?

My initial plan was to keep the stocks for long (say 1 year) but your short term method is so enticing that I have been fully drawn to it.

Can you explain how one can make the best out of this short term investment method?

@ Kevyngbash - Converting spreadsheet money into cash requires the services of a broker if you already don't have one. Then you can do either of the following: (a) liquidating your entire position in a stock once you have reached your desired exit point i.e. 10% (over and above the combination of your entry and exit commission charges), to anything you consider reasonable and achievable.

(b) taking profit: if you bought stock worth N100k including charges (10k units) and the stock appreciates by N5. N5 x 10k units = N50k profit. You will need to sell enough units to the tune of N50k plus charges. This is profit taking. If I'm wrong, I'm sure the gurus will correct me.

(c) Since the market fluctuates as previously explained, make the best of it using the profit taking method, and provided the stock remains solid fundamentally, you can increase your holdings when buy opportunities present itself. This way your percentage gains at the end of the year will have increased over average gains.

Quote from: aktopgun on Today at 07:22:26 PM

it has been so interesting reading the threads for the last 2-3 weeks, really eye opening and very scary!
i for one am really worried that the ethos behind beginning to invest in the first place is being played down and lost, to be replaced by discipleship, (bordering on sychophancy). I thought we were trying to bring heads together to teach each other how to fish. its alright if you ask questions because thats the only way u learn but some the questions are downright scary, like which stocks would you recommend for tomorrow, or next week or the next 4 weeks etc.
fellas, any investment takes time to develop and grow. for individual investors who have limited funds (i'm sure very few people on this thread are billionaires), the best approach is still to choose good companies to invest in. if u make an investment and then can't sleep at night becausse your broker couldnt sell on friday nko? Blood pressure tablets, here i come time be that o!!. How many of the new brothers and sisters on this forum have even learnt how exactly their brothers and sisters who have been investing for long in the NSE evaluate a stock?
to think that some fellas even get upset when people who have taken time to look at a stock and analyse it post their thoughts and for whatever reason, it doesn't pan out. thtas the imperfection of the market.

Lets get the foundation right first brothers and then the rest will follow.

A lot of fellas here have learnt including me and we're all still learning. many folks have joined with their great expertise and moved us all to a new level in many ways. but never exchange learning for spoon feeding, don't do it because its never worth it. it will end up being the case that "i've taught u everything u know but i've not taught u everything i know".

its hard and time consuming yes but its not impossible as this forum proves.

keep up the good work guys. hopefully i'l be back in full force in a few weeks but i always cherish your insights and ideas.

heads up pumping, easi, wanajo, windy, yodi, fof2,olulufemi,naijadr, temmie10 et al.

@ Aktopgun - Hope you are still enjoying fatherhood. It has its ups and downs (sleepless nights/disrupted sleep)

I'm quite inclined to agree with you, but only to a certain degree. There's much more to learn beyond ratios and "fundamentals", but who's willing to share their wealth of knowledge? Everyone shares ratios, but as I understand there much more to learn beyond this, especially in the NSE. How do you know a stock is overvalued in comparison with its peers? How do you know, without been told that there a certain times to buy and sell a stock (many thanks to FatherOf2 for sharing of Thursdays and Fridays, and many other who contribute selflessly)? How do you as a newbie or jjc know anything substantial about the board of any company, to know that the profit/turnover and success depends on this management team? Many things we all read about foreign markets is not exactly applicable to the NSE, but somewhat adaptable. Who is willing teach how to adapt? Many amongst us have software we have been using before now that TA (technical analysis) has become the in thing. Are you willing to share the name of such software (thanks to everyone that has helped make using excel a lot easier and to those that suggested the use of Aptistock and Metastock).

FatherOF2:
KAI 2565 posts.For where you dey write am. This na grand papa timer oh.

@ Baba2 - U can be sure Niceuzor has been keeping Nairaland alive and should considered for post of moderator.

@Gudchoice, all

After learning so much from the generousity of everyone on the forum, I'd have been very delighted to share Metastock v10 legally if I have it. However, it's available as a torrent at www.isohunt.com but be aware that it contains keyloggers that track your computer activities but this can be removed by scanning with a good spyware or antivirus.

@ Koksieboy - Do you have any version of it installed? I tried v9 but no joy. Requested cd check so had 2 uninstall. If u do have a working version dat u cld share via email?

@ all - if u dont have Trading 4 a living, could upload to megaupload if some gives access to their account as previously done, if i havent got wires crossed.

I have the same problem you have and if u happen to find a solution please do post it, thx.

- richieade

@ Richieade - problems still remains. About to install Metastock v9, but I'm wondering what version Koksieboy has and if he wouldn't mind sharing.

@ ManJiro or Koksieboy - I beg o, do you have Metastock? If yes, could you send me a copy_{pretty please?} my addy is elpusman1 at hotmail.com.

@Gudchoice
Consider Vetiva.

Upside
-I haven't had a lot of the issues mentioned here.
- They have been very professional and responsive. Been with them 6 months. N1 mil to open.
- The on-line portal works well. I issue orders on-line before I go to sleep (EST), before I wake up order executed and contract note issued. The only time I get emails is when the order is not executed usually due to price limit I set or scarcity.
- I like the fact almost all my communication with them is via email.

Downside
- I would say the service is not personal, used to have an account officer but now get an email from the equity sales distribution list. Not an issue for me though.
- Also don't like that I have to mail the PO forms since I do not have a nominee account with them though an exception was made recently for me. Again shouldn't be an issue going forward as I am fed up with the PO/IPO thing.
- Broker commission is 1.5%. Tried to renegotiate after FO2 revealed broker commission is negotiable but no joy. However it seems 1.5% is the norm for mainstream brokers except maybe for ZSL which I understand is 1%.

@ NBA - thanks 4ur response. I was also considering Vetiva, but the downside you highlighted is important to me, so I'll have 2 look elsewhere.

I use Futureview in Abuja.Don't know about their Lagos office but I presume they operate from their Lagos office.Minimum account opening is 500K(in naira).

I give my account officer orders by email and they are executed almost immediately.
My account officer is very nice to me.Very friendly Wink as well,maybe that might explain the prompt service I am getting.

@ Blueband - thanks for the response. I think that if I'm to proceed with FV I need to get a good Relationship Manager.

@ blueband, have you ever accessed your updated account statement online on the FutureView website?

I think you missed this post by Question. I would also like you response to this, thanks.

blueband:
Try Futureview

@ Blueband - kindly share your thoughts on the questions below, it would be highly appreciated.

How long have you been with them, if you use them?

What is their service like?

What do you like about them?

Any downside you would care to mention?

koksieboy:
I also had issues with ZSL, their Symbol portal at times updates after 48hrs which led to the sale of 100,000units of my Wema after cancelling the order earlier. From my experience, your best bet is to issues buy/sell instructions by email to the mandates box and copy the Ogun, or any 2 other staffs you know to ensure it is done.

Krrush:
@Favour08

Yeah,its the same guy(Ogun___).My account to was overdrawn.

Though I wouldn't vouch safe for any firm,his explanations were that the automatic buying of orders that were later attemted to be cancelled by clients who then placed new orders on the assumption that their earlier orders were successfully cancelled.Both orders thereby being bought.

As you might have experienced yourself,lots of order cancellation attempts have been made by clients due to inherent errors discovered in them

Call him to help put up the pressure. . . .

@ all - I tire for these stockbroker oh. You would think that the high end brokers would offer excellent service but from all indications it seems finding an excellent firm is a rare gem if not impossible

This is really sad.

@ Pumping - Thanks for the info. I can't even get the software to do anything. None of the files ever complete loading. Don't know what to do

May be you can talk me thru how to get it work? Thanks

@ all - Does anyone know if the historical data provided by WanaJo any good with these softwares (Aptistock/Metastock)?

@ Man Jiro - thanks for the heads up on the torrent download. Will be trying Metastock.

@ all - tried uploading the NSE.cvs file into Apistock , but I keep getting an error message;

This starts from 12560 - 14015 as you can see below.

Data error in line 14014 of file F:\Documents and Settings\Bleep\My Documents\NSE.csv.
Data error in line 14015 of file F:\Documents and Settings\Bleep\My Documents\NSE.csv.

@ all - Does anyone have an idea what can be considered a conservative amount to buy into AIICO offer without getting funds returned? Seeing that they are only offering the public 20%, whilst 80% is already taken up.

@ Man Jiro, Pumping777 - A big thank you for the excel files and your generosity.

@ X-2-X - see Pumping's post above. It has the attachments.

Wishing all forum members a very happy new year.

Compliments of the season to everyone. Its a real pleasure being amongst a treasure trove of wonderful giving people.

I'm a beginner and a learner, but I know that with the kind of help available on this forum, I can't go wrong.

Giving is an art form I have found perfected on this forum. Those that give will never lack, and when in need they will surely find abundantly.

A big thank you to WanaJO, Easimoni, Frankiriri, Yodiyokun, Aktopgun, Barge, Pumping, Kpineo, NBA, WindyWendy, Temmie10, Shigidi and the many contributors that make up this wonderful forum.

@ FatherOF2 - You have truly spiced up this forum. You do well.

FatherOF2:
Bank PHB offer ended Dec 19th.
Three weeks from that date, it will be time to start making returns back to the main issuing houses for that offer.
Expect some new opportunities to re-arise because some brokers will need to sell some of those stocks for which they have been using
other peoples money to trade._{people in question(those who send money to buy ipo's/po's and they're never bought immediately,instead the broker trades with it till its time to make returns.)}