wanaj0:

Apologies, I lump the property and mrtgage companies together.

UAC is a part owner of 1004 and they've tied down money for a long time with LASG governemnt not allowing them to do anything!! So they are not getting anything from that Investment. they also bought Festac hotel. Issue is property investment takes a long time. Check the track record of UAC-P and you will understand. No bonus since they got listed. Only platry 35k dividend every year. capital appreciation is also not out of this world compared with other stocks.

Maybe you forgot Wanajo, UACP gave bonus of 1 for 10 in 2005, and have been consistent with paying dividend though paltry as you said.  Why you no go forget say them give bonus, with over 40 in your list, not easy to keep tract record   We are coming behind

pumping777:

Wonderful plan. I sent out an order today to sell off all the "penny" stocks with wacky fundamentals. Fear don dey catch me. I don't want to be caught when things go sour. Now these stocks are still hot cake and there is no shortage of buyers. They have served me well already.

If you are looking for safety which is safer than UBA?  I won't go there sha. Not now anyway.

Dangote Sugar, Flour Mills, Beta Glass and Ikeja Hotels catch my fancy at the moment due to strong fundamentals.

I suspect that there is already an insider scoup on AG Leventis regarding the full year results. Of course OandO is a good candidate if you have a superman or superwoman broker.

The way I see it, we will soon run out of "penny" stocks on the exchange since most are doing 5% daily and will soon cross the N10 mark. By the time that bubble bursts folks will be looking for fairly priced stocks. I guess many bank stocks will also benefit from this.

In insurance, I believe Aiico will present a very good opportunity if the bleeding can be sustained. A lot of resistance though.

Does anyone know if International Energy Insurance has plans for a PO?

CAVEAT EMPTY PATAPATA.

Pumping777, more seriously, THE NAFDAC threat to Beta Glass biz, what do you have to say.  I thought I overheard NAFDAC saying they will be doing away with bottled drinks etc etc etc.  Don't have details, even WANAJO has mentioned it briefly in passing some time ago.  Hence I seem scared of BETA GLASS in the long term, otherwise, they have become nothing recently but VERY PROFITABLE.  118% PAT as per their 3rd quarter result for me is impressive.

pumping777:



Does anyone know if International Energy Insurance has plans for a PO?

CAVEAT EMPTY PATAPATA.

Pumping777, why did you ask??   Pls don't remind them oooooooo

mojiayeni:

Hello,

I am a JJC ooo. Why is NASCON dropping?

Because I want to enter at N16

wanaj0:

Youself!!! How can you go for all this kind of brokers. City Code One of the oldest around still stuck in old way of doing things!!! Not sure they have a functional e-mail self (not yahoo OO)

Oga Wanajo,  na my level that time now.  With N7,000 that you don open account  As my level come de high, I come de raise am - now I am fully with MBC Securities where I am well known  So right now I am selling off my stocks with those other mobile brokers.  For instance I sold since 2nd of February, I called yesterday, the madam there said "my child is celebrating his birthday, I will sign the cheque when I probably get to office tomoyyow".  YES MA Since on the 2nd of February!!!!!!!!! When people talk of CICO, I just laugh. THANK YOUR BROKERS, with all these yeye brokers, YOU MUST BE FORCED TO FIND AKT ADDRESS or go for deliverance

windywendy:

Big sis ke? me and you be the same age na  Hmmm, no worry. Make I first settle my broker then I go come look your side small. 

Aunty WindyWendy  Just kidding; we might be of the same age  Anyways, how much would you buy NIWI for a 12 month time frame investment?  Just wondering whether or not its safe to go in at N10 now that you pioneers have opened your hands a little to release some

walcolm:

as a firm, they are efficient in dealing with your buy n sell orders. you can think of them as a buy/sell machine and you need 10 million naira opening balance for them to look at you. i expect that shld not be a problem if you are deep pocketed.

i personally consider their services a bit impersonal but that's my opinion

Like Wanajo would say, there are brokers and there are brokers!

Of all my brokers, 3 have successfully succeeded in BREAKING ME ALMOST TO PIECES.  But I have my thumbs for MBC Securities; they are award winner any day any time.  SERVICE DELIVERY - EXCELLENT.

Account opening may be a little problem for low brower investors:  just N5m, thereafter you have good stories to tell.   This has been my personal experience though.

The three other yeyerest ones are:  Mainland Trust Ltd (Don't trust their services), City-code (better pass for village-code), Profund securities (they are BEST in making mistakes or forgetting your mandate, blah, blah).

Very soon, all those brokers that would not improve their services will have their names printed in bold here every week.  Many have sent unwary to see AKTOPGUN - don't think any young guy needs to rely on antidepressant these days for stock investment

RoughCut:


NSE we hail thee!

Me self I am afraiding

invisible!:

@ hardmoney, this enquiry about some white men coming in seems a little out of place to me.
Why not tell them toslip into the country unnoticed and stay in Lagos to conduct their meetings as there are thousands of other whites there.
They coult slib in and out of Nier delta and do their business quietly.
Since they will hire security, no wahala go dey as additional cover dey.
Every country has its own issues so lets not see the naija delta issue as a major deterrent to business.
Search the web for Nigerian tourism and business websites and ask of security.
Others wey dey sneak into this country since are still alive , so no fears.

You spoke my mind.   Let them do SIRO - Sneak In Rush Out  Many expatriates in Niger Delta have been doing that.  Some even now do DIDO - Dash In Dash Out, or if that one no safe reach, do Jump In Sneak Out - JISO.  AKT, check your Candle now for this while people movement

AKT, just to put you on alert, the way people are rushing after fundamentaless stocks now even at cut-throat prices, your psychiatric unit may have to expand for new clients . What with selling your AFROIL for treatment abroad

pumping777:

My own na to share the info. Wether he good or bad, no be from my mouth you go hear say teacher mama get winch  

The way the stock price crashing though, I guess this is not news to those that hold the shares.

Pumping wetin BIG TREAT abi na BIT THROAT do you now??


You mean it will take me 114 years to recoup my investment there, that is even going forward??

Abeg make una treat BIG TREAT welloooooo. With this result at N1.15k I no buy, I may buy their bread, though

windywendy:

I personally think lasaco is a fundamentally strong company because of the opportunities they have with regard to both the local content policy and mandatory health insurance for govt. workers. If you're buying for the long term, I will consider the current price too high (projected PE by my calcs is about 38, based on my assumption that they are able to grow FYE profit by 20% from their Q3 profit). With these insurance companies, I'm not sure how they'll perform at the end of the year, but my suspicision is that Lasaco will do better than I expect. Year-end result is likely to be out from as early as May to as late as August. So, to answer your question: Yes, I think lasaco is fundamentally strong, but am not sure right now is a good time to enter. It's currently on the down trend, so wait and see what happens.

Yes, this is the Windy Wendy that we all know.  After all this grammar on the stock, even if the thing no work, one is happy.  Thanks for throwing nepa light on LASACO, it went to confirm my thinkings about the stock.  You are invaluable to this forum.  When I used that grammar "invaluable" for one man the other, the man thought I meant that he had no value, na God deliver me from en hand  I know madam Wendy knows what I mean.


AKT I beg shine NEPA light on Eterna Oil, na you de reign now jare .  Is the lowest nominally in that sector after AFROIL that has marital problem with SEC

@Pumping thank for that fine spirit you show. When you see husband and wife they kiss, you go think say den no de quarrel Sometimes, na civil war

aktopgun:

good for u girl. remember me in your kingdom. enjoy it big time.  

LIVESTOCK:
awon enemies try bid am down to N8 today but the buyers beat them and it closed at the day's high.
that however tells me that profit takers are setting in, from the Dragonfly doji it did today. Not particularly a good sign.

ETERNAOIL
positive candles for this one. since we talked about it last week   its gone on a run and has opened higher and closed higher the last 3 market days. all the candles have long bodies(good) and are other indicators are beginning to wake up as well

AKT, thank you very much for your overflowing kind gestures.  I have no qualms awarding you this honour:  You are the Nairaland  - AKTOPGUN, NSE, GCON, JIJO, JP

Gurusssssssssss make una carry people along na!!!!!!!!!!!

I am sensing the birth of a new association here of people who speak in tongues:  ASSOCIATION OF NAIRALAND GURUS.  Una don de exchange E-mail, and yet we are talking Nigeria stock EXCHANGE, the tin don turn to Email EXCHANGE,

I no se Wanajo and FatherofMany no go be member.

The thread is becoming boring since not many here can read the lips of some Gurus among us.  Guguru go become Guru one day

aktopgun:

my brother , na true o. i forget.

CAVEAT EMPTORS _{(PLURAL O)}    

AKT my man, Abeg light candle for Live Stock Feed and Eternal OIl jare.  If you like put Caveat emptor or emptress, e no concern me.  YOU ARE WONDERFUL GUY WITH GREAT SPIRIT TO HOLD YOUR OWN.  Pls buy matches and put on that candle for me.  I know say the trains are moving but I don't do conductor before for Lagos

When PRICES drop, especially when you are CICOING, that thing de bring quarrel.  Transfer of Aggression!

Anyway, be gentlemen, a lot of guys here a damned tooooooooooooooooooo self-sacrificing, we should appreciate them.  They have not said they are perfect.  And if they are, the market itself is not perfect.  So even if you are perfect, you will still find challenges in an imperfect market.  ACADEMY closed high TODAY even with THAT WOEFUL result.  Talk of NSE .  I said the other day that I will change my strategy: once a company declares a huge loss, then I will buy big time into it  Are you following me

CICO, RIRO, JIJO, DIDO STOCK PICKS (3 MONTHS TIME FRAME)

STOCK                       ENTRY PRICE

GT Bank 36
Dangote Sugar 40
NASCON 18
CNN  21
Continental Re 6.20
Lasaco 5
Standard Alliance 4.69
Eternal Oil 29
BOC Gases 26
Live Stock Feed 8.5
A G Leventis 10.15
U A C Property 24
Ikeja Hotel  8
Diamond Bank 21.50
Nigerian Breweries 50
Beta Glass 25


CAVEAT EMPTY    (I DON'T KNOW EMPTOR )

hg:

@GEES and INVISIBLE.
Thanks guys for the tips,, GIGO/RORO/DIDO/SIRO/RISO!??
UAU,I need to learn a lot!

You missed these:

JIJO - JUMP IN JUMP OUT
SIJO - SNEAK IN JUMP OUT

AKT has the rest .

bibiking1:

@AKTopGun
what i see in front of me using a three-month time frame is somewhat disturbing, particularly the last two candles on my chart
there is a spinning top(reversal) being followed by a spinning bottom(another reversal) haba!!!
however, if i am to use the last four candles to make a decision, it simply means the correction phase from 14 naira is about to draw to a close,
BUT there are some fundamental bit of information distorting the free flowing market movement, making a clearcut entry point very hard to point out at this moment for short termers.
But for medium-long termers now is always an entry point, however for CICOers, there should be some caution and restraint like i said earlier.
since the market is generally bullish, i would advice the short termers to wait for the momentum indicator to level out before they enter, it is still in a bearish mood now sha.
and from the volume i see a lot of people sold on the last day of trade (friday) so there should be some to buy on monday (hopefully o!!!!!)


@Londoncool
that fan na antique o!!!
make una make fun of am small small o!

Which stock are you talking about here? Just my advice, you still youngooooo, that ceiling fan no too near your head soooooo

windywendy:

Yes. Rumored at N6/share. So, in my view, any price significantly above the N6 trading range is danger TS territory. Unless you don't mind being caught in TS that is.

Windy, thanks for the response.  But I was thinking you would add some ingredients, like telling us about Deap Capital, what they are into blah,blah its future.  Just in case you know sha.  You know you, Wanajo, Pumping777 have a way of using good technical oyibo to tell us about company "bottomline", "upside" and "topline" etc etc.  Actually, what do you know about this ambitious company.  Please don't feel I am taking you for granted, you have been quite generous to us all.  thanks

Is there a PO brewing for DEAP CAPITAL Any info pls. thanks

windywendy:

@AKtopcandlegun   and Mr. Risky, where una dey when I was recommending Livestock bout 2wks ago? It was about 5.6 then (at least that's the price at which I bought). That one, berger paints and dunlop should have made those who bought some dough by now (although I didn't buy Berger, and I've long sold dunlop). Guinea ins refused to perform as expected, so I dumped and netted only 5% post commission  .

See my post below:

Windy Wendy, the Iron lady, you see I must have been dosing when I read that your post.  Since the turn around seems to be moving on a good path, for me I can still jump in for a 9month to 0ne year reward.  I am a correct medium to long termer.  I personally booked Livestock down last week here, but the drive to get even 100 units of NIWICABLE did not allow me see road, and up till now I am still unsuccessful.  I will settle for Live stock afterall its people that are still buying.

And what about Livestock Feeds -  The thing has been heading north, and no stopping it.  ALL THE CANDLES please, AKT.  thanks

invisible!:

@ aktopgun, I placed a sell order for my longman today, and wish my broker will commit a blunder and not sell, hahahahaha.
Wishful thinking.

Invisible, MY RIBS ARE ACHING ME. Ok let me support your wish BY prayer. Just be binding, I will be losing

Afroil is into production of grandnut oil, people thought the oil is crude oil .  Anyway just kidding.  And they have only one address, No. 2 Egunje Rd, opposite EFCC yard, Ikoyi, Abuja.  Pls don't mind me .  

Diamond Bank will rise, but right now, IT IS PUSH AND START DANFO - Got fuel diluted with water -GDR

ABEG UNA NO MEOOOOOOOOOOOOOOOOOOOOOOOO.

AIICO thank youoooooooooooooooo.  AG LEVENTIS thank youoooooooooooooooooo  BULL you do welloooooooooooooooooo.

pumping777:

It's a hard call. You have to let go of your greed at some point. The spreadsheet profit can disappear fast fast if you are in short term.

I've stopped looking at the spread sheet profit or na quick quick I go call my broker. I figure I must hold on to a couple of insurance stocks medium term at least and the safest one is Aiico for now so no selling. If the price crosses N8, I may reconsider sha.

Funny thing, it still has a lower forward PE ratio than most insurance stocks IF if they can deliver on the projected PAT in the prospectus for FY 2008 but that is still a long way off. That is a big IF because the Q-1 result was no good. N42M after Tax!!!

Any attempt to move down in price, I go wait collect some more.  Another good thing is that Aiico owes us Q-2, Q-3 and FY results so some stimulation is still possible.

My brother, thanks a lot, I share the same sentiments for AIICO too, but I just jumped in this past Monday at N6.07 and wanted to bail out at N7.50, I was only wondering if some longer-throat no go sell tomorrow to drop the price . See me see analysis

pumping777:

Hmm. I've always thought large volume with price increase is a bullish trend.

BTW, you no wan make the stock rest? Make e just dey move till e go reach N100?

Anyway, any stock wey rise must meet turbulence _{except Aiico}

Pumping, AKT,

My heart de beat for spreadsheet profit ooo.  Tomorrow is Friday, so what sayest thou on AIICO   Use torch, candle, anything please

15 CANDIATES THAT MAY GIVE BONUS IN 2008/2009 FINANCIAL YEAR

Diamond Bank
UBA
Beta Glass
Nigerian German Chemicals
Union Bank
Airservices
Japaul Oil
C & I Leasing
Afribank
Presco
Vitafoam (2009)
Flour Mills
UAC Properties
Vono
7 Up

WANAJO / AKTOPGUN,

You guys are wonderful Nigerians. Thanks for the time taken to explain. Others I believe have also benefitted. The Petroleum sector, in my opinion, are bedeviled by too many uncertainties.

Keeping your insightful comments coming.

wanaj0:

For those that can take risk, start to look at OandO. An announcement that will move the stock to higher grounds will be made soon. They've alrerady announced one ($200m loan). More is to come so take position. The train don move commot from 1st station but still stopping to pick more passengers.

Wanajo, if the future outlook for Oando is that bright, why did you imply that taking position is meant for those that can take added risk? It sounds contradictory to me. Where you using a WANACANDLE?

seun001:

my own don pass allergic.am utterly indisposed to IPOS.

and about that AP's shares,it gained about 14 NGN for just today.am i not smelling a rat.

na only rat you smell, me I smell elephant. I hear EFCC is waiting at the gate in case it is oversubscribed

Mr. Risky:

Thank you my brother Blueband,  Here is a list of stocks to buy:


Afroil (Fundamentals:  WIWO)
First Alluminium (Fundamentals: CICO)
Capoil (Fundamentals:  RIRO)
Acen Insurance (Fundamentals:  I forgot)
Dangote Pure Water (Fundamentals: See Madam Ndi for details)

Afroil will be giving 10 for 1 bonus.  Don't ask me where I heard it.  Read Thatdayonline.

Afribank has changed their mind on the Bonus, they forgot they did a PO.  Again don't ask me for details.
Sterling Bank has been lifted from technical demotion (if there is anything like that)
etc etc etc.  More breaking news to follow.

CAVEAT EMPTY

Lest I forget, here is a suplementary list of stocks to buy, pls be mindful of the FUNDAMENTALS

Wema Bank (JIJO - Jump in Jump out)
Spring Bank (DIDO - Dash In Dash Out)
Second Alluminium (In case you are unable to find First)
Footwear without Accessories (Check the NSE list, wear your glasses)
Onwuka Hi-tek (Heard about turn around effective 2015)

Or buy anything, afterall anything that goes up must come down,

YOU ARE SURE OF MAXIMUM RETURNS IF TAKE LOAN FROM UBA

AGAIN CAVEAT EMPTY