₦airaland Forum

This unrelenting upward march in the price of Big Treat and NSL na wa o. Does anyone by any chance have the prospectus for Big Treat and projections for NSL? Just curious as to what the underlying company fundamentals look like.

pumping777:
HRC has come out worse in most of the debates simply because she speaks from both sides of her mouth trying to please everyone.

The only thing on record for HRC was a failure. Intiative or not, she could not pull it off. Why does everyone keep referring to it.

At the end of the day, you said Clinton's era was great. which Clinton? Mr. or Mrs? Why are they refusing to make public all the correspondence between Mr. & Mrs. during Mr. Clinton's presidency? We will soon find out that she had nothing to offer then and definitely not now.

Apologies for the digression my people. I remain loyal.

Obama = Rock Star
Clinton = No Need to Waste My Breath
Romney = How many mouth the guy get sef?  E be like say im get one mouth for every position possible
McCain = The guy talk and move like scarecrow, very very stiff
Ron Paul  = I like most of his positions, but the guy fit come across as a mad man with his rants
Huckabee = who?  but seems like he's the only one left, although im too like tax sha

Back to NSE

bjluv:
@hispy99, I heard Afrinvest was bought over by UBA. I am thinking of Diamond Securities, Trust Yield Securities or Citi Invest but I still need more info before I leap

Afrinvest UK was bought over by UBA; AfrinvestWA is a separate entity and they are the ones I deal with.

kc08:
ANYONE THERE, need a life line

UBA, Oceanic, FBN, take your pick, no come die for here o

kunlef:
Hi,

IBTC Equity funds tend to be the best performer among the Mutual Funds. However, at the current price of over 11000 naira, it may be a bit too high price to join. However there are some other new funds too. Oceanic Vintage Fund, FBN Heritage Fund, etc. But no one knows what their performance would be like yet. But it is always good to start early when it is still affordable,  But generally, buying shares directly from the stock market will still outperform the mutual funds if you are not very unlucky.

Ciao
Kunlef

Why does the high price matter?  If I have N11,000 and I buy 1 share of IBTC's mutual fund but 11,000 shares of another mutual fund priced at N1.00, am I better off? No.  What matters is the return of the mutual funds.  If IBTC retuns 100%, then my N11,000 has grown to N22,000; if the other fund returns 50%, then my N11,000 is just N16,500.

@Poster, price does not matter, it is the performance of the fund that counts. The lower priced mutual funds give you an illusion that you are getting "more value" for your money. That is false, all you are getting is "more shares", which does not necessarily translate into "higher return"

bjluv:
CSCS was asked on the form and I was thinking it is better to have them all settled out since the beginning and not that I send the stuff to the CSCS account later or what do you tlhink?

You are better off using a CSCS account (that is if Skye/First Inalnd will actually credit your account and not still issue you a cerficicate even though you use a CSCS account)


I am still searching for one and May God almighty bring one my way. Would you recommend a reliable broker?

I use Afrinvest: min is N500k i think, service is ok, online presence is average at best , but i am happy with them overall

bjluv:
thnx for the info---seems Skye will have to be it because FI bank is closing 2moro and I can not arrange funds and get CSCS number+account number ready by 2moro

Can the gurus shed more light to this? thnx

you do not need a CSCS account for IPO (You will be sent paper certificates )

Skye looks better to me

@Frankiri,

Pls accept my condolences, may the Lord strengthen you and your family.

qimpex:
I-man, why now?I need this money badly

Hispy99, what's the cut-off for married couples?

$150k max (both of you combined) just as Sweet T stated

Sweet T:
Bush and congress has decided to give every tax payers $600 to boost the economy. I think we should have gotten more but it's better than nothing. I remember the one we got in 2001 actually helped the economy to boom. I think i will save mine till i decide on what to do with it. It's good to know that i actually got close to $4000 (The $600 plus my income tax return) back from IRS this year eventhough i paid a lot in taxes. We should have got atleast $1500 but damn the republicans. Freaking whores.

Lucky you, not everyoone is getting though, those making above $75k (individuals) don't get anything.

Jids:
Can someone please tell me about CHAMS PLC i.e how they are doing in the market

CHAMS is not listed on the NSE, so unfortunately I cannot tell you how they are doing. However, they recently had a private placement which may be open/closed.

no_shaking:
Who appoints both the Registrar and the Issuing House _{paddy paddy connection}? Then let's talk about the pre-emptive collabo towards an engineered outcome amongst the major _{paddy paddy} players in the PO process - from inception to completion. I tire o! Gotta go now!

That still does not explain how underwriters clean mouth, except they receive their own certficates from the registrars before the genral public (and I do not see how this is possible without the general public being aware of this), then there is no cleaning of mouth as far as I am concerned.

eniyanman:
Thanks. I thought the N1.20 was an annual dividend.So I used 1.20/50. That dividend yield is very good. One might well move all one's savings there.

The N1.20 dividend for UBA is annual and not quarterly, so that gives a yield of about 2.41%.  To the best of my knowledge, only Dangote Sugar pays quarterly dividend

If TRW is to be believed Transnationwide Express actually lost ground today

aktopgun:
@hispy



uba is 49.62
afribank is 26.3

if u believe trw-stockbrokers that is

i use them for prices as they are usually the fastest to post, but lately, their prices have been incorrect

aktopgun:
crusader breaks N8 barrier, i smell P.O VERY CLOSE!!
japaul officially now somewhere in the earth's orbit

uba looking more attractive for a buy, and so is fbn

oceanic levelling out

u dey floor abi u get direct line to madam ndidi, since you get line of communication, abeg make you help me find out where UBA, Afribank dey

no_shaking:
Haba, on paper, yes! But na Nigeria! Literally, underwriting is like an insurance again undersubscription! But in Nigeria, it’s quite the assurance for oversubscription now. Lately, have you ever seen any undersubscribed PO/IPO _{no matter how woeful the company’s financials are} since SEC introduced the 80% underwriting law, huh? . Even if Andy Best Electronic, University of Suya or Yakoyo Restaurant come to the market today, they would be hugely oversubscribed!

Trust the Nigeria big boys, they would always find a way round all this! No issuing house wants to take unnecessary risk this day _{risk/return analysis perspective} thus the need for all these aggressive marketing ploy, cowboy tactics, hype game etc we see these days before the offer is made public. And when TS is lifted, the prices go to the roof _{reason – engineered scarcity} and they would subsequently clean out _{fast fast} before the ordinary public receive their share certificate and have the chance to reap from this engineered price appreciation.

BTW, do know the price of Int’l Breweries now on the floor, huh? You know what that means? Check out what happened to Dunlop _{post TS & post-allotment} last year? Anyway, I rest my case!

How can the underwriters clean mouth before the ordinary public receive share certificates, or do they get their own certificates before everyone else? The only way your theory will work is if they buy the stock on the secondaty market before/during the PO and not by buying into the PO itself

davest:
can somebody feed us with information on private placements that is available and how to get it since its not advertised like the public offer. i read today in the newpaper that Tantalizer is currently doing their own. Any other one?

Tantalizers from what I gathered is closed

please send a copy to sunset17aoe@yahoo.com. Thanks

I will appreciate it sent to me too. Thanks. sunset17aoe@yahoo.com

I couldn't log in. Could someone send it to sunset17aoe@yahoo.com. Thanks

grabdaloot:
Maybe because it is not such a good result!!!

Is the PE not aroung 24?  Yes, it was a better result compared to the previous year, but at the price the stock was trading when the results came out, it's not as if it's cheap by any standards

aktopgun:
DOES ANYONE HAVE THE OUTCOME OF THE UBA AGM WHERE A PROPOSAL TO MAKE THEIR OUTSTANDING SHARES 15B?
does anyone know if the shareholders gave the approval?

yes they gave approval

whitelexi:
@All:

I have stood here watching Transcorp slide the steep journey downwards and although it is still in very turbulent waters, i am seriously tempted to go in for a swoop. . .  I have actually resisted the temptation for so many months now, irrespective of what my calculations have been giving me, and will say my broker has been the one reason why i havent bought it yet because he refuses to buy it even when i threaten to move my portfolio.

Is this a case of the right kind of risk? or is it a recipe for disaster?

Except you want to CICO (cycle in-cycle out)/RORO (roll on-roll off)/GIGO^{TM[color=#000099][/color]} (get in-get out) or know something that is not available in the public domain, I would suggest you leave Transcorp alone.  I can compile an epistle of bad news that has been released about the company since it went public.  Transcorp has 21 billion shares outstanding; if the company's situation should change tomorrow, there'll be plenty of shares to go around.

@LondonCool
You do not need to open individual accounts for each person. All you need to do is to negotiate the cheque into your account. This is done by the payee writing their name and signature on the reverse of the cheque (endorsement), and could add the wordings "for further credit to the account of , bigjay01", for instance (you could do that for your son/daughter too); . Third party cheques are allowed to be paid into personal current accounts (especially where the payee's all have the same surname). Most banks frown at the transaction because of the fraudulent opportunity it presents but there is no law that prevents a negotiable instrument from being negotiated to a third party account if it has been properly endorsed.

Most banks in naija will not allow it., except things have changed.

ochenya200:
i am not into stock, please can someone out there help me. am interest. Thanks

Read the previous 370 pages and you will be a guru by the time you are done

UBA increases share capital by the creation of 3 billion additional shares.

Elumelu denies that they are coming to the market soon but that the increase was done in case of any "eventuality", what ever that means.


http://www.proshareng.com/myproshare/portal_news.php?id=3497

ok, got this Tantalizer's document off a post in SMN

http://www.proshareng.com/blog/wp-content/uploads/2008/01/tantalizers-pp-2008-skye-bank.pdf


@Easi

Might not be as bad as you thought.  You can easily add back about N200 Million to PAT once they reduce interest expense; so even if you decide to take a conservative estimate of N400 million PAT for FYE 2008, PE drops to like 15.  Still not comparable to CHAMS though

easimoni:
Quick math on Tantalizers' PP; post-PP shares will be 1,287M shares. If you assume PAT went up 50% in 2007, 07 FY PAT will be ~N200M, which yields a trailing EPS/PE of 16k/32.

Chams is cheaper by an order of magnitude. Fashi this one.

abeg u get the prospectus, abi where u dey see the number wey u dey mention

pumping777:
No more POs. Only IPOs?

http://www.proshareng.com/myproshare/portal_news.php?id=3486

Do we honestly pay these jokers salaries?  Imagine the guy saying that he has personally read the prospectus and he is convinced that the bank is one that Nigerians can invest in!!!!  Madness!!!

I would rather prefer to get my investing advice from Nairaland

4wheel:
I could only see the yesterday results on the page you quoted. I guess those of today are still pending as earlier stated by guys.

i got today's price b4 i posted the link on that web page

Price is out, check this link

http://www.trw-stockbrokers.com/services.aspx