₦airaland Forum

pumping777:
@yodiyokun - sent to you as well.

Pumping. Thanks. The content is some heavy stuff. Chei and Double Chei,

pumping777:
I have sent the link to a number of people and anyone can post it.

I do not want to post it and it's not because I am hording it. I sent the link back to the source to post it also.

Done.

[quote author=Mr. Risky link=topic=31554.msg2018913#msg2018913 date=1204576472]ACKNOWLEDGEMENT is on BID [/quote]You go ake me spit juice for my "compurra" o.


@Mr. Planta/Blueband,  You vex, ok me too I go follow join just because,  Maybe that one go put the acknowledgement on strong offer. lol

Napolean:
@K2

N3.60 for IAA is beyond ridiculous! I bought at N2.30
I suggest you remain patient untill Pumping uploads the info this week.

If you are desperate buy the kajola proposal(just kidding). The board of that company are sound respectable men. I do not buy pp that are hawked around. They are defacto IPO's the cheap way. By cheap companies.

Actually I read the Kajola and also those other PPs and wasn't impressed. Kajola sounds more like Egbejoda cooperative society to me.     Will wait for Pumpin.


@Naijadr,  I no get come back for that one. Odikwa very dan-jer-ous.

Napolean:
Bode really is what I will call an ultimate investor where Nigeria is concerned and even beyond.

GTI capital is one of his finance companies. He is also heavily into venture capitalism and likes to take equitable positions in companies he finances too.

Nigerian ropes is to serve his companies and in the past some of the AGM's have taken place in his Parkview home.

Wanaj0 I would be grateful if you could offer opinion on the rubbsih pp's floating around for the benefit of those who are either new to investing or new to pp's. I do not think people grasp it is a mine field but rather see it as a money trippler. I am tired o.

Seems IAA will be listed around the 15th. I hope. I will let it go by the time I see 50%. I think it will do a recontruction later. I went in, in December and this morning I got a call saying it is still on for N3.60 for a N2 share. Shocking! Shell bought up quite a substantial size of the offer and I do not see them bailing out early so I presume the stock will maintain its value.

Quite informative as usual Elder Napolean. By the way, if there's still an avenue to eat some of the crumbs of IAA at that N3.60, me no mind o.

@Naijadr,  If I were you, I'd give me that N2m make I carry go Cozumel make wifey dey pour hot sand for my back for pristine beach Abi how you take see am now?

RoughCut:
I cashed out my holding in UBN for the same reasons highlighted in your post and i'm riding on the FBN 'ketekete' wey we go take enter JERUSALEM TRIUMPHANTLY.

I just read a report that FBN has got the MUBADALLA the  Telecom operator's account.  Mubadalla is the Nigerian arm of the Etisalat Telecomms of  UAE.

The significance of this is that Mubadalla is expected to start rolling out its Telecomms services in the next 4 weeks and its expected billions of naira will be passing through FBN cofers and apparently FBN was also chosen as the exclusive account holder in the event  that MUbadalla will be raising funds locally and abroad and FBN will be in pole-position for this venture.

Watch the space!

Marshall wanaj0 thank you again o i'm now a converted disciple of FBN spectacular extraordinaire

Hmnnnn   Good days are here!

I beg Elder Napoleon please share with us any news regarding STARCOMMS, INTERSWITCH  and MULTI-LINKS we are waiting on you

You are on point with this one. I got returned money from FBN's PO as well. After Rev. Wanajo spoke and I did my due diligence, I started loading up FBN as well. We must ride that ketekete enter Jerusalem.
Where's Elder Napolean?

[quote author=invisible! link=topic=31554.msg2014805#msg2014805 date=1204474183]@ ijogbon, you are welcome from reading those furious pages, on weekends here the gurus go out to have some fun. How else could they enjoy their NSE loot than to také some time off and relax, sipping some smooth gin and juice. Posting activities will commence in ernest from this night, in preparation for next week's action. You can see all the heavy weight are absent, resting their feet and probably laughing their head off at some comic joke (you sabi say rich peeps always laugh at the slightest provocation, even laughing at nothing! But poor peeps frown at the funniest jokes, irony of money.)[/quote]You are on to something here. I'd make sure that I do remember this.

[quote author=invisible! link=topic=31554.msg2013060#msg2013060 date=1204399465]This week I was offered a loan by FBN for 19%. The colateral I will bring along is only 20% of the entire amount. But still am not comfortable with something in their term and conditions. They told me that as I will be bringing in only 20% of the money, the margin call will be made to me when the portfolio loses about 20% of its value.

It is established that a nice stock selection these days will hardly lose 20% easily, but who can tell tomorrow.

Lets break it down a bit, I bring like 20 mil and will be given another 80 mil to make it 100 mil, then I will be allowed to trade with the entire 100 mil so far as the value of the entire portfolio at any point does not depreciate to 80 mil. If that unfortunate scenario happens, I will be called to fill up the margin, meaning that I should scout around and bring up 20 mil to make it up. I will also be servicing the interest monthly.

It was nice talking with them. Other banks offer same service only that their terms is for 30%. This is for the information of the risky at heart, see how this info will assist you.[/quote]For me this is what I'd consider. Would there be restrictions on the type of stocks to buy? The fact that the interest would be serviced monthly is an undue pressure in addition to the 20% margin call. One could be in the greatest investment vehicle in the world but pulling the trigger at the wrong time might turn sugar to sh*t. My suggestion would be to invest heavily in fundamentally sound stocks hopefully when they are on sale. Illiquid stocks are out of the question. Also, might be a good strategy at first not to put the entire amount at play at any given time to cushion the 20% effect.

What's the minimum one could borrow?

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@All on DSR, I think we could all agree that it's the quarterly dividend nonsense that's turning the sugar to sh*t (pardon my french).  And CICOERS just saba (hibernate) for that stock no allow the chick to hatch. Dem don take all the yolk fry egg finish. A good result should help shore up the price plus the anticipation of dividend suspension, may be a bonus in the offing?

Stock Bid & Offer Position for Today

@ All, For those that want to Double Dip with U.S. Markets, Visa is coming out soon with an IPO. Between $37-$42 per share. Should be sweet. http://news.yahoo.com/s/ap/20080225/ap_on_bi_ge/visa_ipo

LondonCool:
I culled this news feature from Proshare Nigeria and took interest in this PP for 2 reasons. Firstly Hon Napoleon did make mention about the dynamics of PP investment levels yesterday. Secondly,I happen to have obtained a Mortgage approval-in-principle from the aforemenioned Mortgage company for N2.3M to pay for a property I purchased in Nigeria.


Jubilee-Life to raise N5 billion through P/Placements

Jubilee-life Savings and Loans Limited is getting set to raise fresh funds of N5.0 billion through Private Placement (PP) in a bid to meet the N2.0billlion minimum capital base requirement for operators in the Primary Mortgage sector of the Nigerian Economy.

Shem Oluwagbayi, Head, Business Development Unit of the company who spoke on behalf of Wale Osisanya, Managing Director (MD) of the mortgage firm  disclosed this to Proshare News/Investigations. He said investors in the offer are expected to make a 100 per cent return on investment (ROI).

According to Oluwagbayi, the placement would open after the company has released results of the current financial year ending 30th April, 2008. “We are working out modalities to commence the Placement in June, 2008” he said.

“Jubilee-Life Savings and Loans Limited would offer ordinary shares of 50 Kobo each at N3.00 per share.

Without prejudice to our analyst review of the financials, face value results of recent financials of the company made available to our News/Investigations service for the period ended 30th April 2006 and 30th April 2007 showed gross earnings grew by 245 percent from N39.3 million in 2006 to N135.5 million in 2007.

While Profit before Tax (PBT) rose from an operational loss of N7.7 million in 2006 to N54.6 million in 2007 which represents a 610 percent increase. Profit after Tax (PAT) also increases from N7.7 million in 2006 to N50.7 million in 2007 indicating a 558 percent increase. The balance sheet of the company grew from N369 million in 2006 to N1.238 billion in 2007, representing a 235 percent growth.

Investors are encouraged to consult with their investment advisers and stockbrokers regarding this offer as no detail is available to us at this time; and no analysis has thus been done.

I did learn that Intercontinental Bank is making plans to buy-out the Mortgage company but it is not confirmed. Does this look like a good offer ? Would the PP be a White Marubuzo or a Gravestone Doji ?

Good work on this.  Aso Savings and Loans another Mortgage outfit is also doing PP. Multilink, Starcomms and Interswitch are also on the horizon. I guess the challenge is picking out the best of all these PPs.

@Aktopgun, Like Pumpin said, don't be discouraged jare. It's not a race. Those don't move me anyway. I have seen worse. As long as your system works and pays off. A journey of a thousand miles start from a day.  

@CrazyT. As per CHAMS how late did you submit your form and through whom?  The one I had submitted even though I was toying with the idea for my wife was also returned but mine sailed through(I submitted earlier).

@Napoleon, it's very nice for you to put another perspective on things. The good book says that "In multitude of counsels, there's safety". Even though I've read your write up, I have actually printed them out to digest them again. Please tell your daughter to spare you for us o, Btw, any luck on the info about Starcomms, Multilink and Interswitch or other good PPs out there? Thanks

@ Samstone4, To echo what Wanajo, really you must appreciate the effort of Napoleon. First of all, PP is usually for high networth individuals and is only by invitation. It's only in Naija that it's like all comers affair. The high networth folks are not usually in a hurry for return because they'd be reaping bumper harvest. Could you imagine those that bought into Google, Baidu, Microsoft or Walmart PPs? There are levels o. Another level of investor which I've mentioned before is when you take a successful company public. You just get to be minting your own money(by issuing shares) while others are scrambling for it.  Dangote is perfecting this act.

@Napoleon, You be real Napoleon oh. This one na hin Pumpin dey call Chei and Double Chei. Thanks for coming out of the shadows and contributing. It's invaluable. Looking forward to the Multilink, Starcomm and Interswitch info.

@Rev. Wanajo, I almost shed tears from laughter when you said you no sabi speak Japanese,

This is a good MasterMind thread.

@Londoncool, RE: Kiyosaki: In addition to what others said, I believe what Kiyosaki was referring to is akin to taking a company public. I still believe that other things being equal you stand to make the most money this way. It's the only legal way to print your own money worldwide. Issuing shares. Look at the google folks and microsoft. Our own Dangote even seems to be very good at this now on the pretence of sharing wealth with Nigerians. Real Estate is also good. Nigeria is so far behind in housing that that sector will continue boomerang. Btw, how's your project in Calabar?

Chams Plans Listing Of Subsidiaries On NSE By 2009

Chams Nigeria Limited, a leading indigenous information technology company with specialisation in plastic card technologies and electronic payment solutions has said that it will list its subsidiaries in the stock market in 2009.

According to the managing director of Chams, Mr. Demola Aladekomo, it is in line with the desire to make the firm a much bigger player in the economy in the coming years.

The Chams group is made up of four subsidiaries namely, Chams Nigeria Limited, Card Centre Nigeria Limited, Paymaster Limited and Supercard Nigeria Limited. Card Centre is provider of plastic cards and currently has the largest card production facility in Africa . Paymaster is the foremost provider of point of sales systems using multi-brand platforms to deliver unique solutions and providing management support. Supercard manages identification systems for all categories of clients and sectors in the economy.

Currently, Chams is pursuing a capitalisation programme which is still at the private placement level. It intends to be listed on the Nigerian Stock Exchange (NSE) by the third quarter of 2008.

Besides listing on the stock exchange, Aladekomo said the firm would also establish two new subsidiaries before the end of 2008 as a further step towards positioning Chams to offer other services in the electronic payment industry.

He explained that the growing status of Chams as IT solution provider made it pursue the International Standards organisation 9001:2000 certification from the Standards Organisation of Nigerian, (SON). Chams received the certification last month, a development that cemented its position as a leading technology solutions firm.

Aladekomo said the decision to pursue the certification was done as a step towards positioning Chams to become a firm that is "extremely influential and highly visible in global technology and whose trusted cutting edge technology will enhance the quality of life in a manner that glorifies God," adding "our quality policy states that Chams is resolutely committed to delivering excellent information technology solutions that are consistently safe in line with our quality management system, ISO 9001:2000; thus enhancing the quality of life. Management ensures compliance to industry, regulatory and statutory requirements and communicates same to all stakeholders."

He further said that the company's policy had become very imperative to all it stakeholders in view of the big goals that it had set to achieve, noting that the certification was achieved based on that.

"I am strongly convinced that this certification is the opening glee for Chams to becoming an institution that all stakeholders will be proud of as they join us on our march to the Nigerian Stock exchange and implementation of our national projects which will improve the quality of lives in Nigeria," he added.

http://www.leadershipnigeria.com/product_info.php?products_id=21736&osCsid=b89dbf03333e4a944dd1fab93e369e67

@Iconbull, Where did you buy the UBN Property PP from? I'm interested. Thanks.

@Frank. Sorry about your loss. May God continue to comfort and build a hedge around you and yours.

@ SaavvLanre, Why bother the "Masters" to do analysis, Just tell them to "so kiki oro kan" mention the stock and it shall be made whole(do a 5% rise).

I heard it on the radio this morning. This one na Iso o. Hot mess. Letting a non-executive or anyone for that matter have access to such amount shows incompetence on the part of management. They should all be fired.

You might be able to save yourself from the headache by going to Skye Bank.

As per UBA, sending it to that Charles Egbunowo guy is a joke.  I did about two weeks ago and the guy directed me to send the email to the enquires@Uba email? It's better to employ a snail to execute for you than their brokers. No way I'm I buying anything through them or even depositing money into their account. Folks that should be excited that you're banking with them instead would pile on different fees on you to withdraw your money?

@Tonyjon, Her email is ask4biolak at yahoo.com Her name is Biola Oshodi. Shoot whatever concerns or questions you have to her. To be frank, the only time Cashcraft did what I didn't like was during the NASCON one day sale debacle when they kept everything to themselves. Which is what majority of brokerage houses did anyway. In hindsight, thank God I didn't buy that thud.

Like I said before, UBA is the worst. Just "use" them to accomplish your purpose. Never rely on them. They don't have online presence, you can't reach a broker directly just an intermediary plus an order takes eternity to execute. I placed an order for FBN since January 3rd uptil date I'm still waiting for response. Even while maintaining a banking account with them you'd be tacked with so many ridiculous fees.

@Naijadr, Though you didn't mentioned this, I'd recommend Cashcraft. I know it has gotten a bad rap and they have their own flaws too but I prefer them by far. Btw, I have 3 brokers and UBA is the worst in execution in my own assessment. I have also noticed that having a good and efficient account rep makes a lot of difference with these folks. Mine (with Cashcratf not UBA o) has been really outstanding.

@Bay1970, I know what you mean. UBA seriously pruned their list from previous. They don't even have Bank PHB. And no more POs. So Zenith is out of the question unless you could buy it on the floor with these daily strong bid. It depends on your risk level and how long you're willing to wait. Personally, I reinvested my money in FBN and I'm going to sleep, at least for the next 9months to a year. Even when the loan is due I might probably just pay it off and leave my shares. Something is cooking in FBN. "Belie dat"

@All, For those interested in CHAMS, there's still room. I pulled 3 levers and got positive responses from UBA (Stockbrokers), Skye Bank and from CHAMS office. They all sent the PP form again to me today. Why the sudden turn around by UBA beats me. Don't let anyone scare you away. It's a good offer no doubt.

@Savvy, No just bother about UBA. They are bunch of useless folks. They are one of my brokers and they are the ones who told me it's closed.

@Easimoni. I don't think we are on the same page.

wanaj0:
Well, will be submitting my CHAMS form this week so no shaking!!! Una too dey panic. The brokers are just trying to corner the thing to themselves. same thing IBTC did with Red Star express. Truely the thing cheap so no wonder the hoarding of the shares.

Got a committment to reserve 2m units so I am doing collector agent now!

So, in order words, that was premature ejaculation?

@All. I'm not sure whether it was Barge who brought this up but CHAMS Private Placement ended yesterday. I sent an email to my UBA folks and she said sorry it ended yesterday.  
Wanajo & Windywendy any luck?