₦airaland Forum

pumping777:
Ha, Julius Berger. Anyone noticed how the stock silently made millions for people in the last 4 months?

This is what I meant by missing the bus if you are waiting for a stock price to fall too low and it refuses to get there. I bid for the stock around September for N54. My broker did not get and I refused to up my bid even though it was just about N55.

It was N90 last month. If I still bought at N60, I would still have made 50%.

You cant win it all, I also refused to buy NGC at N16 (my bid was at N15.50 and I did not increase it even though I had many opportunities to before the stock went out of reach).

Who knows anything about the National Sports Lottery? Got an email that they are listing 5.2 billion shares @ N2.90 tomorrow

blueband:
Is he stockbroker?Or will his arrest have any effect on the NSE?Please let us know ooo

Maybe he is an Engineer too

Any computer scientists (Akokite) in the house?

ETB is doing an IPO in Q1 2008

http://www.proshareng.com/myproshare/portal_news.php?id=3270

@ Etin,

Can you please send LBIC and Universal to me?

Thanks

@Etin,

Can you please send me the prospectus for Universal and LBIC? My email address is hispy99 (at) yahoo dot com.

Thanks

dollarmani:
Pumping,


I saw in the thread that you intended taking a position in dangote sugar. What is your outlook on this stock.

If we do not even go in depth to number cruching, it is easy to see that

if the market feels N47 is the right price to pay for 7UP for for projected   EPS of 2.53
                                        N61.50                                  for CONOIL for projected EPS of  2.88
                                        N 56.20                                 for UBA for project EPS of 2.04
                                        N 46.69                                 for FBN for projected EPS 1.75 or less
                                        N52.48                                  for Ashakacem for projcted EPS 2.05

The market will wake up to determine that N36 is not the right price for dangote sugar with Proj EPS of 2.65.

EPS just tells half the story, you need to scale EPS by something to tell the full story.  Because Dangote Sugar has an EPS of N2.65 does not necessarily make it better than a stock with an EPS of N0.50.  Secondly, you Dangote Sugar is not in the same line of business as UBA, CONOIL, FBN e.t.c.  They are all in different industries with diferent growth rates and this should be factored in

lawalidowu:
This out stock market self na wa o! who was shouting thank God for union bank d other day? they lost a whole N9.23 in one day. what happened? that is about all the profit they made earlier.
can the gurus shed light on this?
similar thing happened to AP when they made about N4 everyday for some days and then went back to lose it.
Any ideas?

Union Bank was adjusted for bonus and dividend today

@pumping

Can you send the Banh PHP prospectus to me at hispy99 at yahoo dot com?

I can as well use my wkd to go through the prospectus

Thanks

Babs_O:
wanaj0 please can you give me a simple meaning of PEG and how it can be determined. And any experience with foreign stocks.

PEG = P/E divided by Growth Rate;  the lower the PEG, the better.  The intuition is that if 2 stocks have the same P/E, you should prefer the stock with the higher growth potential

pumping777:
Prospectus

FTN COCOA PROCESSORS LIMITED

Offer for Subscription
By
Private Placement

http://us.f13.yahoofs.com/bc/473db9b4_a39e/bc/My+Documents/FTN%2bPLACEMENT%2bMEMORANDUM-%2bDRAFT%2bCOPY.pdf?bfH6bPHBRMqQxo5b

Looked at it and i am not impressed. I like the cocoa business, but I do not like these company's past performance

damoche07:
Hope u wont wait for too long.I feel the drive is due to their communications' director statement in the papers during the week.

you mean his irresponsible statement of N4.35 trillion earnings in 3 years?

Latest Market Info
FIDELITYBK: AUDITED ACCOUNT FOR THE ENDED JUNE 30, 2007

TURNOVER 2007 =N=24.85B 2006 =N=11.93B

PBT 2007 =N=5.11B 2006 =N=3.67B

TAXATION 2007 (=N=397.0M) 2006 (=N=454.78M)

PAT 2007 =N=4.714B 2006 =N=3.218B


Is anyone buying this offer by the way?

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

FIRSTINLND: INLAND BANK PLC ON TECHNICAL SUSPENSION

WE HAVE TODAY PLACED FIRST INLAND BANK PLC ON TECHNICAL SUSPENSION FOLLOWING THE RECEIPT OF THEIR APPLICATION FOR A PUBLIC OFFER OF 5.4B ORDINARY SHARES OF 50K @ N10.50K.

GUINNESS: 1ST QUARTER RESULT ENDED SEPT 30, 2007.

1ST QUARTER RESULT ENDED SEPT 30, 2007.

TURNOVER 2007 =N=13.65B 2006 =N=11.99B

PBT 2007 =N=1.90B 2006 =N=2.40B

TAXATION 2007 (=N=609.76M) 2006 (=N=768.58M)

PAT 2007 =N=1.29B 2006 =N=1.63B.

pumping777:
Some additional sites as requested

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

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

@Pumping thx for the lonk to this site, seems as if JI is going to fight till the end


http://www.financialnigeria.com/NEWS/news_item_detail.aspx?item=388

upward:
Thanks damoche07, I'm doing that right now, but I just want to know what expert advice is on my selling GTB to buy TRABSCORP.

Bad idea

EMMAACHILE:
Attached is the Net bid/Net offer for 15th Nov 2007.

@Emmachile,

Where do you get this data? Been looking for something like this for ever

Nigeria forces through reform of insurance sector?

Govt takes over NICON and Nigeria RE

Is this story true??

http://www.nigeriansecurities.com/shownews.php?url=http://www.businessinsurance.com/cgi-bin/news.pl?newsId=11603#Below

Tranex traded about 21k shares today, for a stock that barely trades at all, this is interesting,

pumping777:
Red Star Express - Looking Good

http://www.nigerians-abroad.com/news/headlines/red-star-express-declares-dividend/

http://www.punchng.com/Articl.aspx?theartic=Art20071017059053
"
------------------------------------
The Board of Directors of Red Star Express PLC, a leading indigenous courier and cargo company, has declared dividend of N113.19million to the shareholders at the Company's 14th Annual General Meeting (AGM) held at the Lagoon Restaurant, Lagos. The dividend translates to 22 Kobo per share and would be paid to shareholders whose names were on the Company's Register as at March 31, this year, after deducting withholding tax.

Speaking at the event, the Red Star Express Board Chairman, Dr. Muhammad Koguna said, "We have recorded a tremendous and stable growth in our business transactions. We have fulfilled all the requirements for the listing and conversion of our company to public limited company (PLC). We have also increased authorized share capital, private placement of 75 Million shares to increase the number of shareholders."

He explained that apart from listing the shares of the company in the Nigerian Stock Exchange (NSE) the organization has recorded a remarkable turnover increase of 26 per cent and moved from N2.249 billion to N2.836 billion this year.

Speaking at the event, the Red Star Express Board Chairman, Dr. Muhammad Koguna said, "We have recorded a tremendous and stable growth in our business transactions. We have fulfilled all the requirements for the listing and conversion of our company to public limited company (PLC). We have also increased authorized share capital, private placement of 75 Million shares to increase the number of shareholders."

He explained that apart from listing the shares of the company in the Nigerian Stock Exchange (NSE) the organization has recorded a remarkable turnover increase of 26 per cent and moved from N2.249 billion to N2.836 billion this year.
"
------------------------------------

A DPS of 22k per share will could mean a trailing EPS of at least 30k per share and we could be looking at a trailing PE below 13.

Does anyone have the prospectus for the private placement? Fedex seems to have a direct interest here.

http://www.execdigital.com/NewsArticle.aspx?articleid=3565

Pumping, thx a lot. I don't understand how a company will want to list its shares and the financials will not be available for public consumption, only in Nigeria, and maybe Chad

[/quote][quote author=wanaj0 link=topic=31554.msg1676783#msg1676783 date=1194967379]Red Star will be listed tomorrow. Place order and hope you get to buy.

Wema seems to have lost steam. No 5% gain today.

Chellarams is still on the move.

AP result not that impressive

What price will Red Star be listed at? Any numbers available on the company? I have checked their website and did not find anything,

olofinjeje:
Not based on on fundamentals but purely gut instincts I bought a large amount of [b]Transcorp-[/b]I cannot shake off the idea that within the next 6 months something may happen-please make me feel better or tell me about my stupid actions!

Hope this makes you feel better, for all we know it might be true

http://businessdayonline.com/Economic-Watch/1035.html

Wresting has ALWAYS been fake, even from the days of Mighty Igor and Hulk Hogan. These guys are paid actors and everyone knows it. Fans watch it for entertainment.

Did anyone see WEMA Bank's half year result? PAT is N6.46billion

Atedo has a point; if his bank only wants to focus on corporate finance, there's no need to have a N25 billion capital base. With that kind of capital, IBTC will look poor compared to others on efficiency metrics like ROE and ROA.

Transcorp no fit pay NITEL/MTEL people salary anymore.

http://www.thisdayonline.com/nview.php?id=94652

Anyboy know the outcome of the insurance recapitalization court case?

pumping777:
Someone posted the results for Oando but I can't open it. Can anyone help with the PAT? Thanks.

OANDO PLC

Results for Q3 2007
                         2007 (N"billion)   2006 (N'billion)   Change
Revenue            174.3                    155.7                    11.95
PBT                     4.4                         3.0                     46.6
PAT                      3.6                        2.3                    56.5
PAT & MI*              2.9                         2                      45

MI is minority interest

herbsman:
Are u a long term investor or short term.If you're futuristic, hold on to Transcorp shares because it will explode in max of 5years.The newly constituted board led by Tom Iseghohi will turn the fortunes around Jah willing.The man is a turn around expert.He did it at Pepsi Cola, Ford motors, American Express all in the US.

He has invited two gurus and they have been seconded to Mtel and the other finance.I just bought more units 3weeks ago and will buy more before X-MAS.

My target is 5years when the shares would have appreciated to bout N200 from N4.

Be patient.

N200 in 5 years? I am an optimist, but don't you think that your estimate is overly ambitious?

The MD is a turn around expert, but don't make it sound as if he truned around Pepsi, Ford and AMEX, that is not true

gonziiii:
I bought transcorp at #4 and Lasaco at #2.75 about 2 weeks ago, these are my first investments in the stock market, ever since they have been dropping. I am really worried, should i hold on or sell, I am thinking of selling so i can use the money to buy some stocks in the banking sector that are rising but if i sell now i will be selling at 20% loss, is that advisable, i am new in the business so i need some quality advice

My advice concerns your future purchases: Do a thorough analysis before you buy any stock in future. The stock market is serious business, so take it as such before you put your money into any stock