₦airaland Forum

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Whats happening to the new Airport, no signs of construction yet?

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lawalidowu:
@ pumping and omoba

please mail me the new forum's address

jackies112233 at yahoo dot com

Check 3 posts above you, you'll see it there

Sureboi:
My oga OMOBA 3 I just dey get internet since last week.

Abeg send me this thingy for bobrusvue@yahoo.com

I appreciate biko.

This should be what you are looking for

http://www.newnigerians.com/stockmarket_tips_for_nigerians-t274.640.html

FO2, WANAJO AND OTHERS ON THIS THREAD.

I am deeply touched and surprised that you guys are still posting here
despite the bandwagon movement. I want to personally salute your courage,
it shows clearly that you guys are mature men and not boys. You have also
demnstrated good leadership qualities. Please keep up the good work, just
know that someone, somewhere is being impacted by your action and
you are appreciated.

In any open forum, people should realise that you are bound to fight, settle
scores and move on, it must never be total. Diverse issues will be raised, and
truth is always bitter and difficult to swallow; wrong approach does not
invalidate the truth or issues being passed across, but we must be seen to
dissect the truth, hold unto it and amend our ways. Abandonment of any
kind does not resolve issues, you are only postponing the resolution day for
it will surely arise later.

A food for thoughts please and have a wonderful investment seasons and be expectant
of the BULL SEASON THAT IS AT HAND AND MAKE GOOD USE OF THE BOUNTIFUL
OPPORTUNITIES.

And your point is ?

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grabdaloot:
Yeap. It is on TS and has been for more than a year now. If you get any info abeg let me in on it. I was searching for the stock last year but about a month and half ago my brokers jobber gets in touch that he has about 2million units for sale. Last year I would have snapped it up without asking questions but having seen them be on TS for more than a year now, I am a bit skeptical. Plus everybody at UBA registrars dey form deaf and dumb for this one. If you get info abeg mail me at daloot_y2k at yahoo.com, I go really appreciate am.

@grabdaloot,

Champion Breweries is my local company,I thought they had finished their Rights Offer since last year (I didnt get mine). It is a potential turnaround Stock that will be gradually coming out of the woods by next year. I was advised to stack up more units, which I might out of sentimental analysis if I can find it.It could be the next Japaul Oil stock

Could anyone confirm if Champion Breweries Plc is on TS ? Thanks

.more blood shedding

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Who were the culprits? Shouldnt they have been banned instead of the tread being removed without it being archived or locked?

I was looking for the "Bump and Run Reversal" stuff on my book shelf and found lots of info about it in a book I just bought which came out 2 weeks ago.Its titled "[red]Encyclopedia of Candlestick Charts " by Thomas N. Bulkowski[/red]

I also would like to share other books I own which I found to be very critical to my understanding about investing in the stock market (both in the FTSE/NSE).

[red]Fire Your Stock Analyst.  by Harry Domash [/red]  (I was introduced to this book by my friend the CEO of Proshare-compulsive reading)


[red]The Alchemy of Finance: Reading the Mind of the Market by George Soros[/red] (this is like a pyschoanlaysis of how the market behaves,the character of investors and the influence of fear and greed as motivating factors)


[red]How I Made $2,000,000 In The Stock Market by Nicolas Darvas[/red]

(Here Darvas (who was a dancer)  experience in stock trading goes through 4 stages-as a gambler, then as a fundamentalist, then as a technical analyst-developing his own “Box theory” then as Techno-fundamentalist.He made his money in stocks while he was on a 2 year tour around the world.He was sending coded telegrams to his Broker and prompted suspicion of espionage)

[red]Trading for a Living by Alexander Elder[/red]-(Interesting story how he left his job to start day-trading)

[red] One Up On Wall Street : How To Use What You Already Know To Make Money In The Market by Peter Lynch [/red] (Was forced to buy this book when I joined TICN; I had to learn how to trade in Options)

[red]How to Make Money in Stocks: A Winning System in Good Times or Bad by William J. O'Neil[/red] (and any other book by the author)

[red]"Financial Times" Guide to Using the Financial Pages by Romesh Vaitilingam[/red] (was asked to read the book by my ex-line manager -I also I heard my pastor mention the book when he accused Black folks of skipping over the financial columns in UK newspapers)

[red]The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy by Robert G. Hagstrom [/red] ( this is my main "bible" for fundamental analysis. It puts everything I ever learned into perspective.

[red]The Great Investment: Balancing. Faith, Family and Finance to Build a Rich Spiritual Life by T. D. Jakes [/red] ( The book taught me about how to balance my quest to make millions on the NSE/FTSE with my purpose in life. It also provided a platform for what I call "Inspirational analysis"-picking stock based on inspiration (don't try this at home)

You can share your own stock books too

@All UK based Nairalanders,

Proshare Nigeria intend to produce an Investment seminar in London for Nigerians in diaspora around July/August 2008 in conjunction with other collaborating analysts. The seminar would suit those with existing stock portfolio's as a personal portfolio screening excercise would be conducted for each participant. I am one of the facilitators and would like to seek your input as per content. What would you like to see/hear?, what are the issues that concern you in UK as an invetsor in the NSE? How do you use fundamental/technical (and emotional) analysis as decision making tools to maximise the returns on your investment?, etc,etc .Investors abroad tend to take more informed risks mainly due to their cashflow leaverage. Hence, there would be a session on short-term trading(CICO)-the minefields, the pitfalls and the rewards. All silent analysts, active analysts and investors on this forum are invited. There is also room for analysts here to take part (contact me-you don't need to be a stock broker). Watch this space !!

Could someone kndly inform me if the following companies have finished their allotments for their last PO's and/if any of them have started to send out their certificates/ cheque refunds or credited the CSCS a/c's . Thanks

Access Bank
Japaul
FCMB
Fidelity
NAHCO
Dangte Flour
PhB Bank

A female Jamaican colleague of mine usually hilariously says that "all the good men are either Married, in prison or Gay".

DUNLOP ON THE ROAD TO RECOVERY ?

(Culled from www.stocknewsline.com with additional reports by me)

The essence of Dunlop Nigeria Plc raising funds from the 2006 PO is to restructure the company's financing position by repaying part of the loan it procured to finance the All Steel Radial Truck (ASRT) plant as well as enhance its working capital. If there was anything that has eaten deep into the company's coffers in recent years, the ASRT plant was it. Yet, it is an inevitable project if the company is to have its fair share of the heavy haulage tyre market.

The ASRT project is in line with the company's desire to give the best quality in radial, tubeless and tube tyres to the consumers. A heavy, capital-intensive industry, especially, in a highly specialised sector like tyre manufacturing, with relatively low margin, requires a steady stream of additional investment to increase unit production volume and refitting for newer, more efficient technology in order to improve capacity and lower the cost of production.

Conceived as far back as the Á90s, the ASRT project suffered about a decade delay. This was due largely to the unstable political climate in the country then, aggravated by the dearth of long-term funds and partly as result of management's desire to take advantage of opportunities to get the most recent equipment available.

By the time the project was commissioned on August 30, 2005 by President Olusegun Obasanjo, it had gulped well over N6.5 billion and Dunlop has had to borrow substantially from the short-term window to finance it. Today, the total cost of the project stands at N7.2 billion. It could be said that since the repayment of the loans began, the company has been working for the banks.

For example, it is expected to pay about N1.7 billion as interests to the banks this year alone. This is not healthy enough, as substantial funds that would have been available as working capital has to be paid to reduce the debt stock and attendant financing charges. If this persists for too long, then the shareholders and the company might be in perpetual servitude, swelling only the vaults of the banks.

The estimated net Issue proceeds of N5, 158, 477, 500. 00 (including Right Issue proceeds) after deduction of Issue costs of N341, 522, 500. 00 (estimated at 6.21per cent of the gross issue proceeds) thereof will be spent to pay part of the ASRT loan and the remaining will be kept to enhance working capital. Specifically, N2.50 billion (48 per cent) will be spent on the former and N2.66 billion (52 per cent) will be utilised on the latter.

Towards making a success of the offers, the company had organised various fora to sensitise the public to the windows of opportunities that partaking in the offers would open for them. Expectations are high that the offers will be fully subscribed and the reasons for this optimism are not far-fetched.

Dunlop is an old and reliable company that is constantly willing to respond to current realities. Since its inception about 44 years ago, it has produced tested tyre brands that have made it a household name in the country. For instance, the ASRT plant was the third such giant stride that the company has made since it was established in the country in 1962.

On October 16, 1990, General Ibrahim Babangida, the then Head of State, at the same company's site, commissioned the N300 million Car Radial Factory, thus arousing feelings of nostalgia in those present. Then,the company launched the Dunlop Elite, a very successful brand in the country. These later went tubeless at a time when some people felt that tubeless tyres were not suitable for Nigerian roads.

Both the Dunlop Elite and Dunlop High Profile that followed have been accepted as some of the best tyre brands for the Nigerian roads. Of course, these brands would not have been possible but for the company's heavy investment in technical support. Good products advertise themselves. The successes recorded in Nigeria, which have earned Dunlop many awards locally and internationally, have opened a vista of opportunities for it in the West Coast.

There is also a strong corporate governance culture with effective risk management system that the company is noted for. Without these qualities, it would have been impossible for it to remain afloat in spite of the harsh economic challenges. The management is not only tested, it keeps re-energising itself, bringing in new blood where necessary, to ensure it meets its target.

One other thing that Dunlop has going for it are members of its board who are experienced and credible.

There are more reasons to invest in Dunlop. Firstly, there is a reasonable return on investments, assured from 2008. The new Supersteel tyres have so far been well received, on evaluation. Imported stocks currently dominate the truck tyre market. However, the full commercialisation of the truck tyres that will commence in the first quarter of this year is expected to add significant value, through doubling of turnover.

This is much more so with committed demands from some of the major regular truck tyre users. Such increasing demand will hopefully lead to sharing of overhead costs and this will ultimately lead to reduced product cost and higher profit. So, existing shareholders who had been going without dividends of late should be able to reap the fruits of their sweat even as new ones too will be smiling to the banks.

Also, Dunlop Nigeria through its newly acquired subsidiary Pamol Nigeria Limited (the owners of the largest Rubber plantation estates in Nigeria) has just acquired 5,000 hectres of Rubber plantation from the Cross River State government thereby positioning themselves for a monopolistic supply of raw materials for increased production and with the possibility of exportation of rubber crumbs which serves as a valuable foreign exchange earner.

I beg Londoncool you will need to yarn me about this  NHFTF and this hot-shot consultant with Natwest. I go e-mail una later on

@Roughcut,

I didnt quite get the NHFTF (?)  bit. !

The consultant. He even gave me tips on how he made his ex-employers pay his school fees for a programme with the London Business School (and you know how much that costs?).

I'm waiting to be invited to join the Board of Dunlop Plc (based on my shareholding there ), I could turn-around its fortunes if given the chance. My 'Ajebo' Brokers turned into an 'Agbero' and were able to purchase all my requested Dunlop units for me on Friday and today. Well done Afrinvest West Africa !!

From: Seun

The stock market is a zero-sum game.  You cannot win 1 million naira unless someone else loses 1 million naira.

@Seun,

I disagree with your flawed hypothesis.The fact that an another investor bought the First Bank shares for N46,whereas the seller who sold to the Buyer bought hers for N33 does not tantamount to the buyer losing money (in this case the seller gained N1m profit) . He is simply making an investment. The investment would only be a loss on the Buyers portfolio if the value of the stock went down under his N46 purchase price. Even if the "Greater Fool" transaction analysis were to be considered, there would always be another "Greater Fool" to Buy off the stock above the N46 price.

When will BAGCO be listed on the NSE ?

On the 11th/12th Floor of the same Building where Cashcraft have their Ikoyi office is the efficient Stock firm- Afrinvest West Africa, you can just pop in there and transfer your Cashcraft accounts.

More bleeding for Dunlop Plc,

@Wanaj0,

Were you that sole market maker that purchased 50,000 units of Thomas Wyatt today? Our Ajebo brokers were not able to get any for me , are you going to cross-trade with me ?

@Aktopgun,

Shine your light on Dunlop for me please, any more blood on the dance floor ?

@All,

Guess what? I received a Trade Alert from CSCS on my mobile phone today in UK. I didnt pay for it and i'm quite impressed as I don't have to play hide-and -seek with my Account Officer any more.