NSE 2008 FIRST QUARTER BEHAVIOUR:  I wish the remaining stocks in my portfolio will RELEASE VERY BAD YEAR END RESULTS, so that their share prices will begin to shoot up 5% DAILY

wanaj0:

Price will move up after the closure. Expect a sudden rise almost after.

But why is the TURN OVER DROPPING

ty_ademolu:

@ Fof2

I sold my UAC prop today after a 8% gain post commission because the stock wasnt interesting and I didnt remember why I entered in the first place. Plus I have finally seen green on my DSR as i bought at 49 naira during the post PO rally. FINALLY!

@ Windywendy

I actually placed an order for may and baker already but since my broker is ajebo, he hasnt gotten it? based on fundamentals I think I have about 500k to put into one stock, would you recommend niwicable, maybaker or betaglass? so Ill make it an order for monday

I have already asked another broker to get me livestock and presco.

@ All

Your contribution would be greatly appreciated.

i would pick BETAGLASS.  EMPTY CAVEAT

RoughCut:

Rumours of a bonus and imminent FYE results and the are in pole-position to run the railway network franchise and the Fed Govt will be giivng them billions or is it millions ?of naira in subsidiies to do so.

Thanks.  Maybe its because of this they are wanting to come out on an IPO.  If this story is substantiatable, then I don't mind pile some for the next 9months to one or two years at least until they begin to DISBEHAVE.  Because if it gets out of the penny stock regime, it will be all smiles.  I only wish this story is true, I don't mind quench all the candles and break the sticks and plunge into it, afterall I am a MT to LMer .

@Roughcut,  Sorry I specifically mention you this time, and ,please oblige.  What is all the stories around ABC?  Are we expecting a fantastic End of year result, and therefore juicy rewards to investors?  or they have won a high ticket contract?  What has been the push?  Please if anyone can throw in more light.

FOR THOSE ON THE IEI TRAIN, THE MESSAGE IS "STAY WITH US, ITS BETTER TOGETHER". So don't attempt to do CICO with us

IEI unveils corporate brand

IT was a day of celebration for board, management and workers of International Energy Insurance Plc (IEI) and well-wishers, as the company formally unveiled its corporate brand identity.

The occasion, which took place in Lagos, attracted captains of insurance industry, energy, oil and gas technocrats and top government officials and witnessed a milestone in the history of the young but promising and vibrant underwriting company.

Speaking during the launching, the chairman of the company, Lt.-Gen. Salihu Ibrahim (rtd), who was represented by Mr. Christopher Briggs, said that the day marks another and singular milestone in the history of the young but very vibrant company.

According to him: "We are formally launching our corporate brand, unveiling our new visual identity and our first product.

"There seems to be something about the number three and IEI Plc: We work in three Ways: Onshore, Offshore, and General Business; and we also care in three ways: for you, your business and your environment."

He said: "International Energy Insurance Plc was borne out of the need to fill an identified yawning gap in the Nigerian insurance industry, and this gap was in the energy sector. It was quite clear to the team of young but very forward-thinking investors who bought out the former Global Assurance Company that there were obvious opportunities in this sector, which were not being fully exploited.

"And so the former company, which dealt in your regular insurance business was refocused, got new direction and was renamed. And so began the current journey of evolution and metamorphosis, which we all here to market and witness today."

Said he: "The journey continues: the metamorphosis never stops. In our quest to continuously delight our customers, reward and motivate our board, shareholders, management and staff, positively impact our communities' local and global, and inspire our industry, we will keep evolving, in anticipation of the needs of the times and the world we live."

"We ask you to stay with us on our journey. As you have come here today and been with us this far, we ask that you continue with us, because it is so much better together, and you are the reason we are here."

The Chairman of the occasion and former Commissioner for Insurance, Chief Oladipupo Bailey, in his remarked said the unveiling of the official brand of the company was something to be proud of because the company rose from nowhere to become what it is today.

He challenged the board and management that the sky was the limit for the company, adding that they must move forward with zeal to exploit enormous opportunities in the oil and gas sector.

Hello All,

Can someone speak on R T Briscoe. Oga Wanajo, how do you see the business model of RT Briscoe? This company looks sound the way I see it, what do you think?

aktopgun:

so did u buy M&B?

For where I didn't order though. For me, the weather never clear yet? Thanks for asking. And thanks for your good work today. We go soon contribute to buy more candles for you. Make the bull come first

kabraw:

Mr Risky,
Na Vetiva be my stockbroker.Man tire

On a more serious note, try mbc securities.  They have really impressed me.  They answer my mails, return my calls.  They listen and are willing to help.  Sometimes, though, brokers do have their challenges, especially when there is demand for stocks that are on bid and stocks that are also illiquid.  I always watch to see that I leave them some space, so I know that what I am asking for is truly gettable.  I have my mandates executed same day, almost always.  Call this lady and discuss with her: 08037909450.

Before meeting mbc I had used Citycode trust (they still use manual typewriter in their office filled with cobwebs, up till now they can accept N5 to open account ), Mainland Trust (these ones are afraid of internet), Profund Securities (their problem is that if you need your cheque tomorrow, sell your stock the previous month)  But mbc has been comparatively much better in efficiency and effectiveness.  Only few brokers, if any can give 100% service delivery, "agbero" sometimes de break the rules

kabraw:

Mr Risky,
Na Vetiva be my stockbroker.Man tire

On a more serious note, try mbc securities.  They have really impressed me.  They answer my mails, return my calls.  They listen and are willing to help.  Sometimes, though, brokers do have their challenges, especially when there is demand for stocks that are on bid and stocks that are also illiquid.  I always watch to see that I leave them some space, so I know that what I am asking for is truly gettable.  I have my mandates executed same day, almost always.  Call this lady and discuss with her: 08037909450.

Before meeting mbc I had used Citycode trust (they still use manual typewriter in their office filled with cobwebs, up till now they can accept N5 to open account ), Mainland Trust (these ones are afraid of internet), Profund Securities (their problem is that if you need your cheque tomorrow, sell your stock the previous month)  But mbc has been comparatively much better in efficiency and effectiveness.  Only few brokers, if any can give 100% service delivery, "agbero" sometimes de break the rules But you too try and be friendly. Call titles if you can remember any - Aunty, madam, sweet lady etc, etc. You don't have to be dry

kabraw:

Please fellas, my stock broker has not been able to purchase some shares in the last week or two.Issued a buy order for lawunion,abc, and mutual benefit with prices higher than the lowest prices set for the day on these shares but no luck.Will like to know,if these stocks are on strong bid.Your response is appreciated.

That your broker na correct business man.  Even in Mushin market, you can find those stocks to buy.  How much money you don give am.  Watch him closely. En get telephone?  I would have advised you call him to ask him why he has not bought those stocks for you. Again maybe it is divine intervention.  I see that two there are insurance stocks.  Do you live close to any hospital?  I am just asking just in case the stocks are placed on Technical Suspension, and that very soon

deleted

aktopgun:

transcorp

AKT, out of love I am sounding this warning.  TRANSCORP fit spoil your candle and scatter all the chart.  I know what it cannot do   It is risky to try to analyse TRANSCORP, since the company does not yet exist, its only the boardmembers and some falling signposts that can be analysed for now.  And they are very mercurial to be subjected to any analysis, that is the biggest advantage  VETENARY DOCTORS, over to you

It appears the stock is afraid of N4 for now

Una de see the volume on NIGERIAN ROPES.  What is happening there?  Uncle Napo said the other day that it is a good stock.  Any news?  WindyWendy, commot for love side now, come this side come tell us the news behind the news .  No be tatafo I de do so?  I beg forgive them

jideakin1:

Its just that I am moving it away from my "aboki" 'stockbreaker'.  Once the price lower a little I will be buying more with my new correct "agbero" broker

Abeg can I know this your agbero broker? my broker don nearly ruin me. she just will not buy a stock until it starts loosing.
I really need to do CICO so I need correct ajepaki broka.

Somebody even talk say e call him broka for floor. chei! this my brokar don make me think say the floor na one kain heaven wey you must wait them to come back after doing all their damage before them go come explain or inform you.

MY new broker is MBC Securities.  Mbcsec.com.  My Account Officer is on 08037909450.  You may wish to call her and discuss.  She can link you up with one of their guys that trades on the floor.  They have been relatively nicer than my other 3 BREAKERS.  Their account opening is N5m, don't know if they have lowered it now, but I doubt it.

Well, like I have always said, it is easier for me to recommend a girl for marriage than to recommend a broker.  Only AKTOPGUN and Blueband understand the behavioural attitudes of BROKERS since they study human psychology

tkb417:

@Risky
abeg, i know u sef be guru
what do dou think about Bigtreat?
i got at 14.33 and its shedding massive blood, since i bought.

I'm also waiting for AKT to respond to your question about Dunlop
im thinking of re-entering. bought at 5.15 sometimes back and sold at 6.46
i just want to know when i can re-enter

Guru ke??  I be assist guguru if dem go accept me sef  Anyway, I really do not know much about Bigtreat. Likely you bought to CICO. I will still say you wait, but if you genuinely believe you have found another stock that can mend the injury, I would rather you cut your losses and move on.  Nothing pains more than seeing one's analysis being paralysed daily.

I will be glad too if AKT can shine any Colour of those Candles on NIWICABLE.  We don't know how far again with the news around it.  I am thinking of loading more as soon as it finds its support, if any  

Though I am a medium termer, I CICO too, but only with stocks I can comfortably stay with, so that even if the price starts falling as soon as I buy, I don't even worry, I will even wish it falls further so that I can load more.  Anything that goes up must come down.

AKT, abeg when you don finish with that psychotic guy, carry the red candle shine am for CI Leasing and Dunlop. Bear or no bear, some price still de rise. Thank you very much for all your loving kindnesss

@Pumping777, I know say the last stock when you wan look in the pricelist na IEI. I am positioning to strike it again to even out. I have this funny hope about the stock, bear or no bear. It has some hidden fundamentals.

Some guys have been missing loudly on this thread: Ololufemi, No_shaking, invisible, and, MyPeace. Them travel?

wanaj0:

What price did you BUY? You suppose don offload since if you are for the short term!!! Otherwise, stay put, things go better.

Dangote Sugar na LT. Even if it reaches 60.00 (very soon) na to HOLD. na my window shopping no allow me buy more at 42.00

Oga Wanajo,

Its just that I am moving it away from my "aboki" 'stockbreaker'.  Once the price lower a little I will be buying more with my new correct "agbero" broker

AKT, abeg at your spare time, please shine correct CANDLE on this DANGOTE Glucose SUGAR, and let me know whether to bail out now. The pikin when I born when I buy am don start school

deleted

AKT, pls can you through small light on this one. Why is it that it is always "doji" and "hang man", why den no de see "hangwoman or hangboy or girl for this candle chart?" Abi Japanese de forbid? Why are they always dojing There are so many things in this candle marubazu that still baffles me. Does it mean that when the hangman do doji, hin for hang if to say him no doj

wanaj0:

On May and Baker, if you are in for the long run, stick with it!!!!

FG sold the vaccine company at yaba to them. So they have the market for 40% of all Vaccines in Nigeria.

Yes the PE is high for end year 2007. Basically because they allotted more shares than they planed for during the last PO, money from the PO was not received on time which led to project slippage.

I expect that the result for 2008 will be better. I also know that they are better positioned than most of the other companies in that sector. So in terms of fundamentals, May and Baker is solid!!

Thank you Wanajo, I always like the matter-of-fact manner in which you speak on any topic.  I will give it a thought, needed one healthcare stock in my portfolio.

GOOD RUMOUR

Candidates for BONUS this year:

Nigerian German Chemicals
Diamond Bank
Beta Glass
Dangote Sugar
A G Leventis
Japaul
CI Leasing
Afribank

Caveat Emptor

Candidates for BONUS this year:

Footwear & Accessories
Grommac
UNTL
Fidelity Bank
First Inland Bank
TRANSCORP

 SUICIDE

Emptor Caveat

pumping777:

You're very correct o!!! You do well. I no sabi where I see the Q-3 PAT for 330M. Make I carry wetin I don chop comot before I come hear tory  

Roughcut - Thank you jare. If  no be you I for no start to dey see wetin dey for May & Baker.

Me sef don shine my eye. May them go bake their medicine, since them be baker. PE 48, how old am I

Another one.

Here is the attachment.  Hope it goes.

Make una see confusionoooooo from Afriinvest.

I have checked several sites, all I can find are varying, conflicting prices.  At a point I started wondering whether these are still reporting today's proceedings at the NSE.  

EVERYBODY, please, what is the AUTHENTIC, OFFICIAL PRICE OF TODAY??

Some said AG Leventis closed at N17.10, some said N18.90.  More confusing is the AFRIINVEST report I posted above, they reported that Ag Leventis closed high, but in their comments, something else. Very confusing. Pls help, no be the only stock I get leg, then go de report nonsense  You see where I am coming from now??

FROM AFRIINVEST WEST AFRICA LTD

DEALERS PERCEPTION

STACO INSURANCE PLC WAS PLACED ON TECHNICAL SUSPENSION TODAY FOLLOWING THE RECEIPT OF APPLICATION FOR A HYBRID ISSUE OF RIGHTS
AND PUBLIC OFFER FOR SUBSCRIPTION OF NEW SHARES AT N5.00 AND N5.50K PER SHARE, RESPECTIVELY.
CONTACT PERSONS
1.6 BILLION ADDITIONAL SHARES OF INTERNATIONAL BREWERIES PLC WAS LISTED TODAY ON THE FLOOR OF THE NIGERIAN STOCK EXCHANGE.
Afrinvest (West Africa) Limited RC 261272, 11/12th Floor, Foreshore Towers, Ikoyi Lagos. Tel:+234 1 270 1680, Fax: +234 1 269 4392. Website:

DEALING RESEARCH
Today was a sellers market as huge quantum of buy activities pushed several stocks up. Many stocks traded at the highest
price for the day and a handful closed with maximum price appreciation of 5%; this led to a further 220 basis points rise of
the NSE All-Share Index.
Insurance stocks were generally unavailable as the hold-back from investors and speculators continued. As a result of this,
most insurance stocks traded less volumes than in recent sessions. Today, all other insurance stocks booked about 5%
appreciation except for Crusader Insurance, Niger Insurance and Prestige Insurance. With the expectation of more price
gains, there appears to be no end in sight for the bull run.
The banking sector also enjoying the market trend, saw First Bank close with unsatisfied bids at the highest price possible for
the day, while a market maker prevented Union Bank from sliding below the N45 mark, closing on bid a little above this
price. GTB went up by 1.6% despite the fact that huge volumes were traded. Zenith Bank, Afribank and FCMB were the only
price losers in the sector shedding 1.9%, 0.8% and 0.5% respectively.
Japaul Oil traded for most part of the session at the maximum price for the day but as offers came in unabated, the spread
dropped by 1.8%. C&I Leasing also recorded a trading pattern similar to that of Japaul Oil but closed on a flat note.
Transcorp, also enjoying a good run from speculative interests, topped the list of most traded stocks with an excess of 110
million units exchanging hands and this did not prevent it from closing with unfilled bids at maximum price.
We expect the market to remain bullish for the rest of the week.
The NSE All-Share Index continued on its southward path dropping 16 basis points at the close of business today, as result of
profit-taking activities of speculators.
ABC Transport closed with an appreciation of 3.7%, although it was visibly shaken by overwhelming offers earlier in the
session, but unwavering speculative interest ensured it closed up by the close of the market. AG Leventis gave in to offers
during the session after its rally was threatened yesterday by speculators and investors seeking to lock-in profits; it shed 5%
at the close of the day.
Japaul started with a low tempo, but continuous and gradual purchases saw it close at its maximum price for the day with
unfilled bids. C&I Leasing remained at the N15 price band with speculative re-entries saving it from losing more than 1.9%.
Costain was hit today by a barrage of offers momentarily sending it 5% down, but unwavering interest of investors and
speculators ensured the offers were fully mopped up and it closed at the upper 5% band for the third consecutive day this
week. DN Meyer and Berger Paints appear to have found support at their current price closing with unsatisfied bids at
maximum price.
In the food and beverages sector, Dangote Sugar led price gainers in the sector with a 5% upswing. Dangote Flour, however
had a wave of profit -taking making it drop by 4.5% from its price. 7-UP despite minute offers, dropped 3.1% and Nestle
closed on a near offer with a 5% dip in its price.
The banking sector remained dull, recording more declines than advances. Fidelity Bank and Unity Bank both bagged 2.7%
and 2.2% respectively in price appreciations. Diamond Bank closed the day with a marginal dip, while Afribank and Zenith
Bank lost maximum points for the sector as they shed 3.5% and 1.8% respectively owing entirely to the dictates of market
forces.
The insurance sector in the same vein recorded a higher number of declines. UNIC, Royal Exchange and Consolidated
Hallmark Insurance recorded appreciations in the range of 5%. Equity Assurance, Lasaco, Sovereign Trust Insurance had
more sellers than buyers, thus; recording price depreciations in excess of 4%.
It is possible that the market will continue to trade sideways for remaining sessions this week.

aktopgun:

true that. i was answering risky's question from this morning. Risky eti e melo, i hope u dey hear o. try no dey do cico with shares with woncky fundamentals as much as possible 

I hardly do CICO, and if I must do, its always with stocks with fundamentals.  Are you saying M&B does not have sound fundamentals??  

Again this reminds me, why are people shouting bear, bear, bear.  My portfolio has not reflected its presence because it is still green, except IEI which I wanted to do CICO with and it has dropped giving me opportunity to buy more.  Were we expecting the current prices to continue rising without stop?  For instance, Footwear N20, AIICO N19, GROMMAC N30, CCNN N90, Conoil N450

Early this year I started piling up First Bank and Diamond Bank as well as NGC, Beta Glass and CILeasing, from the prices I bought them, they are still showing green in my portfolio.  Only two CICO I have done and with AIICO at N6.07 and I sold at N7.40, entered IEI which has not yielded result and I am very prepared to wait it out.  I have my convinction about the company.  That has been me.  Right now I am preparing a SELL ORDER for my AGLeventis, the largest loot I will be having in NSE.  I am ready to settle for any price tomorrow, even if they are giving 10 for 1 bonus, I am out  - from N4.10 to N18  NSE dealt with me last year before I discovered this NAIRALAND, so this year is my turn.  I sold my DUNLOP last week N7.16  Hope the guy who bought it is not living close to my house

aktopgun:

@risky

may & baker: sweet. Bullish harami cross (roughcut, londoncool, how u take see am?).  

AKT, which one be harami again??  Make I buy or make I no buy  Nigerian language, that Lebanese dialect no good during this BEAR timeooooo .  Thanks indeed for your concern.