₦airaland Forum

Hi forumers,
Anyone know of a site(s) that has the following features:

(A)Stock Price Movement
(B)Periodic Performance, like weekly, monthly, quarterly, Year -to- Date
(C)Charts

Used to rely on Cashcraft for all these but lately the site refuses to stay up.

crazyT:
@ FO2, Easimoni, Pumping777, Wanaj0, Wendy and other guru's




Just want to repeat Dollyp1cute question, what is going on with ABC Transport? I bought the stock just this week for no tangible reason (the little change that was just lying on my account) but to my surprise it has gained about 15% today.

Is there any news at all?

ABC transport has some money to make commuting passengers to and fro Ghana this football season. Someone is counting on it.

I assume you are talking about the one Wanaj0 shared with us months ago? If so, type your email addy and I'll send it to u.

Hello Easimoni, I'd appreciate it if you pushed this spreadsheet my way too
sighingfreddy at gmail.com
Everyone:
Are broker's commission uniform across brokerages?
I need a good brokerage charging something around 3%.

Iwerebor, long time! Welcome back.

Hi Easimoni. Thanks for the welcome.
I'm very much around.
I see you don't mind hanging out with the crowd that do tech analysis these days. Used to always associate you with the fundamental congregation.
Tech analysis predictive tools give me the feeling of making decisions based on a horoscope.
Just me.

Hello gurus,

I have about 70k units of Wema and i have made some 34% on it. Should i sell now or wait for the so-called share reconstruction coming up?
I need your advice, una biko![quote][/quote]Selling your Wema will be an act of philanthropy.

Surely there is something to be said about skyebank

What do you think about dangote considering that it is cheap compared to its peers in the Fodds and beverage sector and their plan to both double capacity in the coming months and open up factories in the coming fiscal year in Angola and Ghana?

Dangote Sugar has good credentials. Their earning power is strong so the price should jump. Looks to me like a stock gunning for the N60 mark with it's robust earnings.

dollarmani
PE is good but for me earnings come first. PE is moody, unpredictable and can be influenced by alot of things like RUMOR. Just a newspaper story on the proposed plan of a company can increase demand for the shares of that company because of those taking positions for a windfall. I think that leaves people open for manipulations.

For instance, the MD of WEMA, saying the awaited result will be "haywire". That single word influenced alot of people. Now those same people are rushing out falling head over heels.

Read up on what's called the DOT COM bust in the history of WALL STREET and you will see why one needs to be very objective in investments. People were scrapping up on ANYTHING that had a DOTCOM to it's name.

I just read the PUNCH article linked by Mr. EASIMONI on WEMA. I think the company has a future. You just need to think of what would have happened if those loans weren't there to be dealt with. Their PAT would have actually pushed them up close to the N20 mark. It looks to me like they will make it soon.

Two things though nibbled at my mind while digesting the content of the article:
1. They seem to have a history of bad loans. How did they get into that situation? Do they do a proper risk assessment before they give these loans?
2. They are looking to raise funds locally and abroad. That inevitably increases the number of shareholders which in turn means they have to drive up their profit aggressively. Question is can they do this?

Please don't call people names [/b]here because the internet obscures your identity.

If you really have to be negative and i understand that some people can't resist the urge to be [b]jerks. !Find the [b]jerksconsortium [/b]blog!

I have offered an apology already. I believe you missed it.
I advice you to practice your own doctrine. Thank you.

@iwerebor
whats up wit ECOBANK, lite it up please.

Same issue as WEMA.

@iwerebor
whats up wit ECOBANK, lite it up please.

Same issue as WEMA.

I am sorry folks. I really didn't mean to hurt your feelings.
"Lazy bones" is the wrong choice of words.
The bank in question (Wema) actually did a brave thing now and I know they will bounce bank in future.

Tmoni: I admire your spirit. Your ought to be offended the most because you are heavily involved with the company but you you were gracious enough to say thank you. May God help you is what I can say.

Folks, There is another accident waiting to happen and it's called Ecobank. It's current position has little justification.

And no one here made predictions on WEMA price in the range of 20's - they wan steal am.

And I didn't say anyone did.
Price multiple is not the same as price. It's a ratio (PE). PE ratio of 20 at wema's trailing FY EPS of 25k. I am saying that's a generous offer to make cos that's what a buyer is doing when he offers to buy at N5.

Sorry Yodi, I can see you are reading this with tears in your eyes. Must be affecting the vision.

Hey Yodi
Howdy?
I got to know about stocks in the middle of this year. I was at a crossroad then. I had a million Nigerian Naira in hand but zero idea on what to do with it in terms of growing it. I got really scared to see the influence of money on a man's behavior. It is as if there is a voice that screams one deaf to buy stuff. If you have such money, you won't be eating for instance because you are hungry, you would want to eat for pleasure, the taste. I hope you know the cost of that on your health.

This is the situation that led me to start asking people how money is made with money. Many people didn't know. I got so fed up searching and asking that NOSPECTO and co seemed like a sanctuary but I am a Christian. I didn't like the fact that many questions didn't have an answer as to the goings on in there. The place had too many shadows.

I will save you so much detail by fast forwarding to when I got in here.NAIRALAND. There is something about a name.
Hey, I can't finish this story tonight, so I will hit the nail dead on the head.
I have learnt some lessons: keep stuff simple. Never argue with sense. Never shout it down.
Don't gamble. Ever! don't play roulette, certainly not with money.
Every nation has a founding father.
Every building has a foundation.
Every market has it's fundamentals
Every company does.
If you seek to build wealth on a company without one
What will happen when the wind comes howling, or the storm rages?
Same thing that happens to a pack of cards.
Transcorp fell and fell and fell, Where it stopped or hit ground is it's fundamental.
That's really where the tower hould have sprouted from not in the fluffy clouds.
Sorry Yodi, don't mean any insensitivity

It hurts to see friends here lose money on a stock that stood on a worm eaten platform.

There is an old saying about never mixing business with sentiments. You do that when you don't bother to do your own analyses. The best investment is in one's self.
If you really want to profit from the stock market, you must of necessity have two strong traits:
1.Hardwork, Research
2. Be patient, don't speculate, invest!

When you become an investor, the last thing you want to look at to make a buy decision is "PRICE". Some make buy decisions based on price movement. It isn't even good for your health to watch your holdings fluctuate so much.

Wema bank with a FY EPS of 25k has no claim on a price multiple of 20, i.e, N5, except you know for sure of something coming in the horizon. There are banks that have worked FOUR times as hard and they are selling at that multiple.

When you know what you are doing, you can actually be unconcerned with what goes on in the rowdy, noisy, crowded, moody stock market. You definitely can't think straight when your senses are bombarded with MEDIA hype.

Check out this site http://nigeriansecurities.com/valuation.phpand see how loud they were about acquiring this stock (WEMA) even when the PAT they posted for it is about as comfortable as the feeling of having an ant climb up the inside of your trousers in it's search for a bushy home.


Wema and Transcorp have something in common. If you don't know, chances are I will be condoling with you again. You lazy bones!

[center]Hello everyone.
Is there an explanation for Lasaco having a very high EPS and a low PE?
Anyone know of a good source for EPS data. NSE website seems off duty today.
Other sources I have seen so far seem to conflict.
Please some one help me with the current EPS of Lasaco and NEM insurance and confirm to me whether both are the highest in the Insurance sector. Thanks.
[/center]

shigidi:
@ iwerebor, hold on to your first bank, its a good BUY. the rumors of merger with ETI coupled with very impresive result should push it to the mid fifties early next year.

Hey Shigidi, thanks!
I am happy to know that whatever injury is preventing the Elephant from stomping away to glory will heal in the near future. I will hug and show it some love now

Hello All,
Does anyone have a stake in First Bank shares here
Is there any explanation for it's slowed growth since it's bonus issues?
A lot of speculation said it would reach the N60 mark but it is struggling to stay aloft at N40.
Could the case be that the public offer price was expensive or it still has a good chance to make a good run?
Guru's, please slacken the jaw on this one.

Quote from: alliednetw on Yesterday at 06:16:12 PM
Their is no point being defeatist about DANGOTE IPO.You may be surprised to get full allotment.I suspect where you buy may influence level of allotment.
Buying from a Stockbroker to the offer seems to give an edge,if that particular firm does not oversale

Once you buy above 30,000 units for Dangote Flour, expect part of your money to be returned. The hype will make it over subscribed. They are also going for preferential allottment

The info out there leaves no room for surprises. It is said that 60% of the public offer of 1.25 billion shares of Dangote Flour Mill IPO is going to be preferentially allotted to identified investors, probably Dangote's friends. So what's actually being offered publicly is 5OO million shares. With the hype and hope that this IPO will be as successful as it's predecessor from Dangote Group, over subscription seems inevitable. Being cautious to apply for a modest number of units is the way to go.

Let me give you a little food for thought: if there were only 25 thousand people wanting 20,000 units of those shares, that is all the number required to guzzle the public offer. With this offer giving off aroma like something from a bakery you can be sure that people are going to flock in hoping for a big bite. But the thing is, Dangote isn't offering much. From the readings I've done, it seems the offer is only a prerequisite for the business tycoon to achieve his desire to be listed on the Nigerian stock exchange.
I recommend individuals buying no more than 10-15k units. If you want more, consider applying with partners like spouses, friends, brethren and sisters etc.
Just an advice.

Temmie10:
@ Iwerebor

There is no need to fear or loose sleep unduly.

The stock market in the short run can be compared to a voting machine.
There is a lot of follow follow, hence the extreme and unexplainable bull and bear runs which we've all been part of

But in the long run, its like a weighing machine.
Stocks of Good companies with strong fundamentals bought at decent prices will perform and bounce back and give a good return

In a sense also, i could say there's very few bad or good stocks, mostly we have bad or good prices.
So don't panic.
In many ways, the current pullback of prices is good for our stock exchange and for bargain hunters like u and i.

Thanks Temmie.

easimoni:
Nice quote! I've made a mental note to use it in the future. With your permission of course

sad.
And I thought that quote was out of joint. Why should it be said more than once?

Nevada:
SEC too has asked all operators to issue certificates after 3 months for any public offer

ASKED OR ORDERED?

Easimoni ,tonight, is acting like a doctor who's out in the corridor enjoying a joke when his patients are dying for attention.
Before he caught the forum's eye as a guru worth watching, his posts in response to questions where not only intelligent but also diligent.

OK. heard you all.
Do y'all think these stocks (FBN & ZIB) still have steam in their engines? Is this a good time to collect them and hope to make profit before the year draws to a close?
Does anyone know why union bank continues to be a backsliding stock? why isn't it fellowshipping with the good crowd?
That security is making me insecure!

Looks like a correction has just occurred on Zenith Bank and First Bank.
They both have one thing in common: an unusual rise and an unusual fall.

yodiyokun:
anyone have an update on Union bank? I expect the register to close sometime this month - any dividend or bonus in the offing.

The price closed at 39.99 last friday!

There is a high level of activity around this stock that's affecting it negatively. I am also eager to know if there will be a predictable positive influence for it before the year rounds up.

Enolase,
Can you also diagnose UBN?
That's another backsliding stock.