₦airaland Forum

manie:
Dangote cement declares a dividend of N2.25k. But we dont have the audited account so that one can analyse the result.
A dividend of N2.25k is too small for a stock selling for about N125. I see this stock going down to between N60 and N70.

CAP Plc, is selling for about N40 yet they can pay N2 dividend. But a Dangote cement selling for N 125 managed to pay N2.25k and we do not have the details of the result, i hope the company will not dip into reserve in order to pay the dividend, may be it will be through bank loan.

Unfortunately since the company makes up 25% of the value of quotes companies on the exchange, it will succeed in dragging down the All share index and Market capitalization.

UACN Property development company declares a dividend of 55kobo, while the parent company declares a dividend of N1.10k.
Another subsidiary of UACN, that is CAP Plc declares a dividend of N2.00 and a bonus of 1 for 1.

Dangote cement declares a dividend of N2.25k. But we dont have the audited account so that one can analyse the result.
A dividend of N2.25k is too small for a stock selling for about N125. I see this stock going down to between N60 and N70.

Dis Guy:
hmm sweet, 1 for 4 oando

1 for 4 GTB

Dangote cement in the long run will be sweet too

I doubt if any thing sweet or good can come out of Dangote cement. The share price will definitely nose dive whenever the audited result is announced. The stock is over priced.

OANDO declares a dividend of N3, and a bonus of 1 for 4.

atilla:
Gtb and zenith are good buys. Give bonus and or dividends

GTB declared dividend of 75k and bonus of 1 for 4, while zenith declared dividend of 85k, access bank declared 30k dividend.

Sun of god:
Gaddafi has called a ceasefire and has also shut of Libyan airspace to all traffic.

Check mate?

The ceasefire is rather too late.

spyder880:
Bros, e hard o, I dont want KOD, Eniyanman, Hispy99, Pumping and Oracle et al to invade this place looking for an active member turned silent reader.

Abi na you be C. Kenneths, you are not active again on stockmarketnigeria.com.  Me took no dey contribute again, i just dey pick the brain and ideas of the gurus in the house.

Am Alone:
^^^ And vise versa
You are very good with words
always one sided!!! And you know the lesson
wey stock don teach ppl sha!!!
But land na land
it never depreciate(@least in naija)

If you are in the market long enough i.e. 10 years and above you will know that the stock market is not doing badly. Land and investment in good companies have different roles they perform in our personal finance and attainment of our financial independence. I am in both stocks and real estate.
You only need to invest with knowledge and information. I am actually increasing my portfolio on a regular basis, but not with borrowed fund.

spyder880:
I also trade stocks on NSE as a hobby and passtime, and learnt one saying from stockmarketnigeria.com, "You make profits when you buy, not when you sell"

I also trade stocks, what is your user name on stockmarketnigeria.com?

chuddy111:
N2.3m can fly

Say what, N2.3 million. Will build an average 3 bed room bungalow up to 60% completion.

Market is down today, it is down by about 0.7%. I hope this will continue till next week, so that one can take position in around second week of february.

The market is up beat, for the past five days. Those who were bold to taken position in december 2010, must have made decent profit. All the same i think investors should be careful, especially with the rescued banks.
Some of them will be bought by the major banks, and the share exchange ratio will not favour shareholders in the rescued banks.
Just heard a rumour from my broker that Stanbic IBTC, will buy Oceanic bank. If that is true, i guess this will enable IBTC to play prominent role in retail banking segment.

Just sold the oceanic bank shares i bought in November, something told to hold on. But in this market one should not be too greedy, l cant see the fundamentals that is driving the prices of some of the stocks and now almost every stock is on bid.

Where is the new office of Intercontinental registrars, i learnt they have moved from Kingsway building in Marina Lagos, to some where on the Mainland. Wema registrars just moved from Marina to Oba Akran in Ikeja. Why are they living the island for the mainland.

jamace:
LIST OF SUSPENDED UNDER-CAPITALIZED STOCKBROKING FIRMS

1 Adamawa Securities Limited
2 Afrinvest West Africa Limited
3 Alangrange Securities Limited
4 Associated Asset Managers Limited
5 Belfry Investments And Securities Limited
6 BGL Securities Limited
7 Calyx Investment & Securities Limited
8 Cardington Securities Limited
9 Cashville Investment & Securities Limited
10 Century Securities Limited
11 Colvia Securities Limited
12 Consolidated Investment Limited
13 Cowry Asset Management Limited
14 Dakal Services Limited
15 DBSL Securities Limited
16 De-lords Securities Limited
17 Dependable Securities Limited
18 Diamond Securities Limited
19 Empire Securities Limited
20 Enterprise Stockbrokers Plc.
21 ESS Investments And Trust Limited
22 Eurocomm Securities Limited
23 Express Discount Asset Management Limited
24 FBC Trust And Securities Limited
25 First Inland Securities & Asset Mgt Limited
26 First Allstate Securities Limited
27 First Equity Securities Limited
28 FIS Securities Limited
29 Genesis Securities & Investment Limited
30 Heartbeat Investment Limited
31 Hedge Securities & Investment Co. Limited
32 Independent Securities Limited
33 Intercontinental Securities Limited
34 Lion Stockbrokers Limited
35 MBL Financial Services Limited
36 Midland Capital Markets Limited
37 Molten Trust Limited
38 Nigerian Stockbrokers Limited
THE Nigerian STOCK EXCHANGE
18 January 2011 Page 2
39 Peninsula Asset Management And Investment Company Ltd
40 Perfecta Investment Trust Limited
41 PIPC Securities Limited
42 Pivot Trust & Investment Company Ltd.
43 Professional Stockbrokers Limited
44 Quantum Securities Limited
45 Rostrum Investment & Securities Limited
46 Securities Solutions Limited
47 Securities Trading & Investment Limited
48 Sigma Securities Limited
49 Sikon Securities & Investment Limited
50 Supra Commercial Trust Limited
51 Support Services Limited
52 TFS Securities & Investment Co. Limited
53 UBA Stockbrokers Limited
54 Valmon Securities Limited
55 Vision Trust & Investment Limited
56 Wizetrade Cap & Asset Mgt Ltd
57 Yobe Investment & Securities Limited

Source:http://www.nigerianstockexchange.com/index.jsp

Na wa for this list, Imagine BGL and Afrinvest on the list. One of my brokers is also on the list, that is UBA stockbrokers. UBA stock brokers have a lot of margin debt, i hope the parent company that is UBA will bail them out. That is why it always better to have more than one brokers.

Gakin95:
unilag is no doubt one of the best unis in 9geria but their producing 119 1st class is inconceivable to me. i can vouch that only like 40-45% of the 119 can make 1st class in oau. No wonder i saw a vacancy requesting for 1st class holder or 2.1 in OAU.

I beg what is the name of the company that placed the vacancy.

Congratulations to them. Considering the location of the school and the distractions the students are exposed to, I know it is not easy to come out with a first class from UNILAG, and most of the first generation federal universities. About 1.5% of the graduating students made first class.

afrobaby:
is the father-in-law paying him for doing nothing or paying him for the service(due to his level of education and expereince) he will be rendering.
Some people pretend alot, is it until the wife begin to go to her parent to beg for food or money that he will realise it is not good for a man to be jobless, let him take the job and ensure he performs his duties to his best

The wife is working and she is now the sole bread winner of the family. I learnt she was the one that told her father to employ him. May be when his father-in law starts paying the school fees of his 3 kids he will come to his senses.

[quote author=Lord_Reed link=topic=587439.msg7550123#msg7550123 date=1295282847]As long as he does his work like he should he has nothing to be ashamed of working there. Its not any easy ride this is work.
Is he dat his wife is footing the bills?[/quote]In fact his Father-in law, is still trying to help him get another job. He decided to employ him, when he could not secure another place for him.

My friend believes that if the Old man really want to help his son in law, he should loan him money to start a business. Since my friend has never run a business of his before, there is a high probability that the business may not succeed.

A friend of mine lost his job in one of the troubled banks last year. The wife who is also a banker is now the bread winner of the house, for almost one year now.
The father in-law of my friend is a big time trader, business man and investor. He is a major importer of building materials, has 4 three star hotels, he owns 12 filling stations and 5 shopping complex in Lagos. The holding company of his business is in Ikeja.
The father in-law helped him to secure his banking job in 2004, when my friend wanted to marry his daughter. We both worked as teachers in the same school between 2003 and 2004.

The father in-law now decided to give him a management job in his holding company, with a pay that is 15% higher than what he last earned in the bank.

As a typical Ekiti Man, he has refused to take the job since November last year. He was giving his father-in law one excuse or the other. The man has now given him a deadline to resume by February 2011, or else he would give the job to an Indian who he would pay a lesser salary.

I told him to pick the job, and from there he should start his own plan, or start looking for another job. My friend believes he would get , but it appears the job are not coming.
What will you advice this guy to do? Should he pick the job or not.

I think it is easier getting a wife in Lagos than getting a house.

ibelab:
million!millions!!! and millions!!!! na waoo!! dis our naira slf

We are talking about a house, which is an investment.The house will appreciate and the rental income should also grow by about 10% per annum. If it not in millions of naira, should it be in thousands of naira?
Even cars that will depreciate in value are in millions of naira.

gfhotee:
@ manie, thanks and how much would a stock broker charge to carry out this service for me. Any fixed rate?

i dont have the exact figure here, but the total charges is about 2.5% of the value of shares bought or sold. This charge includes the broker commission of 1%, Value added tax, stamp duty etc.

gfhotee:
IS IT COMPULSORY TO HAVE A STOCKBROKER BEFORE ONE CAN OPEN A CSCS ACCOUNT? In other words, can someone who feels to have known enough in the stock business just walk into the cscs office to convert his shares certificates to cscs account?

You must have a stock broker, before a CSCS account can be opened for you.

medjai:
=N=15m can hardly complete a block of four flats in Lagos

It depends on where you shop, some of the people that worked for us came from Ibadan, Ilesha and cotonou to work in Lagos. We found out that where some of the artisans from Lagos charged N300,000 for a job, the bricklayer from Ibadan charged N120,000 for the same job.
I think you can build a block of four flats with between 16 and 18 million.

My wife and i spent about to N3.4 million Naira building a three bed room Bungalow. We started in 2007 and almost completed it in 2010. Because we are both teachers we can not afford the luxury of employing a contractor, rather we are dealing with the workers directly. I guess this saved us about a million Naira.
Based on this i do not think you can spend less than 30 Million building a block of 8 flats.
We were able to monitor the workers because my wife and i both have experience in building project, which we did for family friends.

Based on the fund available to you at this time, it will be better to build a block of four, 3 bedroom flats.

Wishing you good luck in your endeavour.

Emmyk:
The Organisation - how could 80 % failed WAEC GCE
I'm a victim of dat they gimme D7 in English, I needed it most for my admission. My dad has been marking waec/neco exams since 1993 (he was one of the best eng teachers thomas adewumi college oko ever had). He tuitored me groovy. I was suprised when the result was out. Cos he showed me mistakes/error students made. And how to pass the igzams. F u c k 'em

How can you have credit in English, considering the way you constructed your writing.

ololo12:
@BMW

I'm interested in buying the shares, How many units do you want to sell My number is 08032977463. Holla at me let's talk Bro

Do you have a stock brokerage account, if yes all you need do is to call your broker to buy First bank shares for you, provided you still have money in the account. Buying from the OP will be cumbersome, because his certificate is yet to be verified. First bank now sells for about N13.
Except if he has substantial units, and he is willing to sell at a discount. They you can buy from him, and then help him with verification exercise.

Very educative thread. What did we learn from the bear? Am sure we all learnt something between 2008 and now.
Because during the bull period almost every body was a stock market analyst, can you imagine my Pastor was even advising me on what stock to buy. Do you know the stock, it was the private placement of Investment and Allied Assurance. Thank God I never bought the stock.
We all lost money in the market, just that the degree of loss varied. Thank God, I never bought any private placement during the bull, and l did not go for the sale of NASCON by Dangote at N20.
Anyway I think it is better to go back to the market now, not to trade or speculate but to invest. I went back about 18 months ago when the all share index went below 20000 or there about. Just doing Naira cost averaging.

Get a stock broker, who will dematerialise your certificate. when your certificate is with CSCS, they can now sell. By the way why do you want to sell, I am actually trying to buy more before the year runs out.

babapupa:
It's just funny how these folks don't see any good and capabilities in themselves and other people.

Is this the same paddy lo, on stock market nigeria.com.  The guy who was advising us to buy the over priced Dangote cement shares.

I will not advice anybody to go for a penny stock.
When the all share index of the nigerian stock exchange went down, the stocks that are badly hit were the penny stocks. By the way what is your own definition of a penny stock.

I will advice you to only put money, in stocks with good fundamentals on a regular basis and see what will happen in 5 to 10 years.