pumping777:

Oceanic ke? For wetin. Wetin concern agbero with overload? I can't recall saying I want to enter Oceanic. My friend that I sold at over N37 in January. I don comot eye.

The last jist I gave about Oceanic a couple of days ago was that the bull run of the last week will not last because of the 22B shares outstanding and we can already see the turbulence.

I have no plans for Oceanic for now. Better stocks dey for NSE in my own opinion that meet my objectives.

@Pumping777,  nawaooooo  your statement no de complete againooooo.  You say "Better stocks dey for NSE in my own opinion that meet my objectives." As I de read de go, the next thing I saw was full stop  So which stocks at present meet those your objectives.  I know every body will like this my question.  I have one LOUD policy, if I must buy a stock whether for CICO or CICOCELL, it must meet my required list of fundamentals.  So when I buy, I give myself One Year, if any good thing happen before that period, I AM NOT ALLERGIC to profit  But to buy stock and expect the price to run by the following day and when it refuses, I begin to develop malaria or typhoid, I am not for that at all.  My personal experience has proved that if anyone buys any stock with good fundamentals, no matter how NSE disbehave, within one year, you must reap something.

So Pumping777, what are those stocks that meet your objectives right now.  I know GURUs are very cautious now.  Some even use Japanese  Whatever language you all gurus use, even speaking in tongues, we de de read una lips

crazyT:

@ Wanaj0

Thanks for the advise on price limit


@ Risky

UTC and 1st Aluminum

Did I just hear you say I was complaining about my broker? For where, na my accent dey confuse you.
UTC don take off with about 0.73 kobo gain in 2 days and 1st Aluminum too no wan hear.

If my Broker could get me “Aunty Juli” tomorrow again join this one, ago just marry the woman lady (broker) straight.  

ahhhh I see.  Then, for you to be able to pay good bride price, UTC and FA prices will have only way - NORTH, NORTH. Afterall, una fit roof una house with FA and supply your kitchen with UTC,  I like your plansooooo.  Hope that will not stop you from seeing us here in Nairaland.  I hear say some de take their dividend de marry.  That na another tori

Gudchoice:

Does anyone have the fair value for Nem? It closed at N4.66 today.

Which price list are you following??

Rhemagirl:

Hello Gurus, please i plan to buy shares(P.O) in my Business name but because i don't have a company seal, i intend to just write the name like an individual .hope it won't affect me.Like if my company name is Joy Peters.I intend to open a CSCS account as an individual with it and when i am buying IPO since they are fond of returning money, to write it as an individual because there is a space for companies and i would need a seal which i don't have.Please i will await the Lecturer's answers.

CSCS updates its statements any day from 15th of every month.  Today is just 12th.  Before the end of the month, something will likely show in your statement.  Don't visit any chemist yet

Una see say Juli don trade more than 1,000,000 units today against 13 deals.  Aunty Juli what is moving your price  At N1.11 with a N100k you can get dozens of units.  Are you thinking of it?

pumping777:

African Elephant na the original king of the jungle jo. UBA and Zenith come be like wild cats for the jungle wey big bar dey on top them head. Na wa o. Investors wey wan buy the whole of FBN at any price never even look UBA or Zenith side. I go dash my own give my stockbroker o 

I dey find that person wey buy my FBN for N51. I wan collect am back

On a more serious note Pumping777,

257,000,000m units of FBN at over N14,000,000,000 is no joke at all.  Could that be an institutional investor who was disappointed in the just concluded PO  Do you know that FBN today accounted for some 51% of the whole market sale.  This ELEPHANT BULLDOZER IS TOO TEMPTING.  I am praying against the temptation as I just bought 20k units only last two weeks at 41.25k  See me see profit and yet I am afaid.  Abeg it is good to be afraiding.  I no de SELL

Diamond too no wan here, sales of over N1,000,000,000!!!!!  May be the guy planned it.  Even UBA is not left out.  Sales on UBA, GTB, Oceanic, Zenith and FIRST BANK amounts to over N19bn in one day.  What does the future hold??

e be like say my eye too don de shineooooo


NASCON
BETA GLASS (My beta follow meooooo)
C & I Leasing

Are you watching

crazyT:

@ Pumping, Wanaj0 and others



Can you believe I made one silly mistake; I place an order for UTC and First Aluminium since 28th of January without a price limit. I have forgotten about it until yester night when I called my broker (to discuss something else) that she told me they were able to buy both stocks for me at 7.42 and 5.21 respectively. All I could say was “Mo gbe o!!!” 

Do you think I can still CICO on these stocks with this price?

During our discussion she also told me that their firm Partnership Investment is going on PP very soon; I guess the recapitalization has started, so we should all expect more PP’s and IPO’s from all these investment companies.   

My brother,

UTC closed today at N8.14 and First Alluminium N5.61. Are you still complaining??

Again, what will happen to Sterling bank once lifted from the TS and goes ahead to announce some IMPRESSIVE RESULT Who is looking at that direction like this handsome guy

upward:

@aktopgun,
you really can't have everything. At least I'm happy you actually are piloting Oceanic (highjacked), I'm just right behind you on that flight, however I got into WAPCO a while ago, and I talked about it on this thread. The guys that listened must have all boarded by now, I entered at 68naira anyway. The rumor of the bonus seems to be gaining momentum as the days go buy. Let's see how high it can go, though there may be some turbulence on the way.

What do you have to say about PZ?? Thinking of exiting after reasonable gains, but the buyers seem to still be in control (at least on full bid as at Friday)

All I have to say about PZ is that it has taken off. Bye bye

pumping777:

I don't have any news but based on the profitabilty trend, it should be a company you can reap from a turnaroud.
The company made loses of 28M in Q-1 and increased this to 170M in Q-2. This dropped to 42M in Q-3 meaning a net PAT of around 130M in Q-3. If this is sustained, the company should be in the black when the Full Year results are declared.

Of course there is no guarantee since there is no news so there is high risk associated with this analysis.

If they make it into the black, based on the low nominal price of around N5 now, I will expect a good rally of the stock price.

I think Aluminium Extrusion is a still a good buy. The only problem is that the volumes traded are very very low.

Thanks Pumping you spoke my mind. You see why you are sooooooooooooo dear to a lot of folks here!

aktopgun:

that can't be the only reason though. its still in the top 5 companies with lowest forward PE in its sector. has a good history and still making substantial profit. its a solid enough bank. what would have warranted a further drop in its price?
the only issue they have is those 22b large mouths they have to feed.
i think its good business on their part to announce this interim dividend now actually.

AKT,

You are right. The way you "spoke" it's like you some kgs thereooooooo. abi?

Oceanic Bank to pay INTERIM DIVIDEND. Reason behind the push in its share price.

@Pumping777

What is your take on First Alluminium? And indeed the alluminium companies. Is there any govt policy in their favour under the new dispensation. I have been scouting for news, nothing seems to be found yet.

If I were to give BUY MANDATE to my brokers this week, I would go for the following stocks:

Beta Glass - Short - Medium Term
NASCON - Growth Stock ( I will explain)
First Alluminium - Good result expected
7 Up - Will come up strong - Medium/Long term buy
UBA - Relatively cheap at current price
International Energy Insurance - May move still further
Wapco - If the BONUS rumour gets stronger
FlourMills - Still have potentials
Eterna oil - Still have rooms based on happenings in the oil realm

For insurance companies, my opinion is that no one should expect the prices to drop far lower than we have seen.  They would likely begin to maintain some resistance around the N5 range. JUST MY OPINION, though.  What is driving the insurance stocks is not necessarily their expected results, but the happenings in that industry.  If you have flare for penny stocks, some insurance companies still have the potentials.  I particularly have my soft spots for STACO, Mbenefit, Law Union and Rocks, Crusader and Unic.  Wapic will need to justify its price in the days of reality.  Technicalists may now need to raise the bar of their PEs for insurance stocks to 40 - 50.  Easimoni, abeg raise the bar, .

That said, let me speak on NASCON.  NASCON was a moribond company for years until it was injected with life by Dangote only recently, and the news pushed the stock price from 34kobo last year to close if not more than N30.  Dangote was asked to offload some of his portfolio of NASCON and it came at N22.  A lot of people bought thinking there was some magic in there especially with the name DANGOTE linked to it, and also that they too had been scouting for the stock at a lower price band.  Shortly after the deal, the price shot up to about N27 and then did a Boeing nosediving to even N15 in less than a month!  Don't ask me how short termers felt.  Some still express their frustration up till now.  But what is the true picture.  NASCON which had been making huge losses in the past before DANGOTE went into it returned a six month PAT of some N516m, though 3rd quarter PAT and END OF YEAR PAT are still being expected.  

If you ask me, the company is on the path to success, what some might be disappointed with is the price not getting to even the N22 within this short term period.  A company rising from the dust of huge losses to profitability within a year is to me a GREAT COMPANY WITH GREAT POTENTIALS.  I have told myself, I will grow with NASCON.  And so be it.  With the release of subsequent results the price is going to rise, and rise it will be.  

I have given this background to substantiate the point that NASCON for me is a growth stock, and anyone thinking of long term should consider it.  Also that Uncle Dangote is a generous biz man, and will pay dividend as business permits.  NASCON has only 2.2bn outstanding shares, less than 50% O/S of MOST INSURANCE COMPANIES.

ON FLAKY,

@Pumping thanks for being your mature self.  As for others, please let's learn to mediate in matters rather than stoking the fire, it will lead to no where.  Flaky it was nice you apologized.  

One thing we must learn, though, is that Nairaland has been one place most people are able to let off their steam over the inefficiencies in the system.  If some of us get to know the calibre of people that read this thread, we can better appreciate what we all are benefitting.  

The culture of employing patronizing terms in addressing the inefficiencies inthe system will have to die, but not an instant death but a gradual one, and the killer will be the effectiveness of the regulators and the POWER OF KNOWLEDGE!  Recently, in addition to my normal commission, I had to pay money into my account officer's personal account as a gift (for he goes to the floor) so he can be there to EXPEDITE my buy/sell orders.  You may think I am mad, believe me, the easiest people to send one to the psychatrist units in any hospital are BROKERS!

Recently, my broker bought Afribank at N26.50.  I USED ALL THE NOBLE NAMES I CAN RECALL TO BEG HIM TO REMOVE THE STOCK worth some N1.1m from my account.  He eventually did, but at N26.30, so who pays for the LOSS??  Remember, stock trading is not the main work of most people.  If you had to FIGHT THE BATTLE straight ahead without applying some caution and wisdom, you may end up endangering yourself.  So most time, you had to BEG and plead, and be friendly before the right thing can be done.  Or you take him to the court!!!

Unlike in developed land, when someone in Naija threatens you "I will call the police".  He truly has not said anything.  Of what use is that??  Will the police make any difference.  Assuming the police comes and you make him your customer  Who loses?  Who gains  

Absence of justice system is the BANE of our Naija society, hence service delivery is the way it is, hence we have to show even though a modicum of appreciation for those that are even responding to our constructive criticism.  

GOOD NIGHT AND WELCOME TO ANOTHER BUUUUUUUUUUUUUUUUULLLLLLLLLLLLLIIIIIIIIIIIIIIIIIIISH WEEK ON THE NSE!

FROM AFRINVEST - FRIDAY FEBRUARY 8TH, 2008

COMPANY RESULT
FIDELITY BANK PLC TURNOVER PBT TAX PAT
N'000 N'000 N'000 N'000
31-Dec-07 6 Mths 16,025,000 7,184,000 (1,436,000) 5,747,000
31-Dec-06 6 Mths 10,363,000 2,377,000 (475,146) 1,901,000
54.64% 202.23% - 202.31%
NEW LISTING

UNIVERSAL INSURANCE COMPANY PLC WILL LIST 16 BILLION ORDINARY SHARES BY WAY OF INTRODUCTION ON MONDAY, FEBRUARY 11, 2008 AT
N1.85 PER SHARE

DEALER'S PERCEPTION

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.
W t th k t t i b lli h f th t f th k
The NSE All-Share Index was up by 43 basis points today, closing at 62,516.07 as against 59,125.48 the previous week.
However, the gains seen during the week have started to thin out as speculators and investors attempt to lock-in profits.
First Bank recorded a further 5% increase today, when a market maker cleared offers with a large bid at maximum price. It
closed with an excess of 30 million units in unsatisfied bids. The impressive half year result released by Fidelity Bank buoyed
its price by 5% to close with unfilled bids. Market forces favored FCMB and Afribank as they recorded 2.5% and 2.7% price
appreciations respectively. On the flip side, seven banks were on the losers' chat, with Diamond Bank and Bank PHB shedding
approximately 4% in share value. The outlook for the banking sector in the coming week is neutral.
Profit-taking continued for the second day running in the insurance sector. There were more declines than advances, and a
handful of stocks in this sector shed about 5%. Continental Reinsurance and Linkage Assurance finished the week unscathed,
gaining 5% daily throughout the week. Possible re-entries are expected to give a boost to stocks in the sector in the coming
week.
In other sectors, Japaul closed the week with a further 5% gain to return over 20 % for the week. It is likely that the stock
will see profit-taking mid week. Although trading at maximum price for the better part of today’s session, C &I Leasing still
had a marginal trimming of its gain to a 4.8% appreciation. Afroil enjoyed price appreciation throughout the week on the
heels of non-availability of supply and a possible slide is expected of Transcorp in coming sessions as an onslaught of supply
at the tail end of today’s session suggest a possible release of offers early next week.

kevyngbash:

Hello House, easi, windy,topgunny,tammie, pummie,crazzyy,riskyyy, pumpppyyy and all

Kindly tell me whats your take on an offer to buy Springbank shares at N9. I know the bank has problems but I am ready for the long haul on this one.
What I would like to know is if there is any hope that the bank will come up soon (learnt that it is being run by CBN now) and what price it should go for as at now. If you were presented an offer to buy spring bank shares at a discount, would you go for it?
I checked to see how much it stopped at but got no information on that. and why is it not on the list? I expected it should be there even with no trade.

Kindly help

My brother thanks for your question. Unfortunately, I am not in a position right now to comment on anything PO. My doctors are still treating me from the accident I sustained on the FBN PO and likely another surgery emanating from the ACCESS PO, as the one from JAPAUL is still pending! If PO means anything to me now it either stands for POST OFFICE or POLICE Only yesterday since MAY, I managed to pay in the FBN RETURNED MONEY without interest not even the 5% annualized!

That said, no matter how much of a neophyte we might be on this stock biz, there are some very simple questions I feel any investor should want to find answers to:
1) What is the position of this company in its industry?
2) How have been their performance?
3) What are their projections and focus?
4) Can I grow with them? And how long?
5) What is my investment objective?
6) What are my expectations
7) If I fail will I reasonably blame myself?

I would rather you answer those questions concerning Springbank; then you might be able to take a PRUDENT INVESTMENT DECISION. I have deliberately avoided spelling investment decisions for anyone. I see that it is not helpful to any individual. Anyone who tries to spoonfeed you is ACTUALLY not helping you. Answer your own internal questions, make your mistakes if at all, and you will learn.

Wish you all the best.

Rising price of gas fires BOC Gas stock by 360 percent
06 February, 2008 12:00:00 GODFREY OBIOMA
Font size:
Investors who bought the share of BOC Gas and held on to it for one year have reaped 360 percent in capital appreciation as the stock traded N18.59 February 4, up from N4.05 per share February 8, 2007.

This follows the rise in the price of coking and industrial gas which are part of the company's products . The 12kg cylinder gas which was priced at about N2,000 in the past currently sells at N7.00.
In 10 months ending March 4, 2008. the stock gained 92.39 percent with the price rising from N4.05 February 8, to N7.80 November 2, 2007. Although the association of gas manufacturers recently agreed to bring down the price to N2,500, the price of the stock has remained upbeat. In three months, it appreciated by 138.3 percent.
There are indications that the upward trend would continue as the company's interim result for the half year ended march 31, 2007 shows increase in turnover from N628.31 million during the same period in 2006 to N714.5 million as profit after tax grew to 83.2 million from N67.25 million.
BOC Gas is one of the low priced stocks that have made many investors rich on the stock market. Apart from capital gain, the company has done well in terms of earnings. It reporterd earning per share of 33 kobo in 2005. By the quarter ending January 2008, it earned 4, kobo per share, out of which it paid 18 kobo dividend per share. Investors are likely to realize their initial invested capital in about 28 years as the price earning ratio was 28.56 times.

Rhea:

I need some advice here.

With N500K and looking at portfolio security and short term gains-20-30% (6-9months), what stock would u advise I go for?

GO FOR ANYONE.  they are all rising even TRANSCORP, NIGERIAN CABLE, UNTL, SAVANNAH BANK, they are all rising.  The bull has a way of resurrecting dead living stocks

Price List Date as at 07/02/2008

--------------------------------------------------------------------------------

Security Price (Current) Price (Prev Close) Open High Low Change Trade Volume Value

--------------------------------------------------------------------------------

7UP 48 48.1 47.5 48.1 47.5 0.1 23 23025 1100282.23
ABATEX 0.91 0.91 0.91 0.91 0.91 1 2460 2238.60
ABCTRANS 3.7 3.7 3.88 3.88 3.53 89 5549352 20652733.64
ACADEMY 6.83 6.51 6.51 6.83 6.51 0.32 2 9120 61163.20
ACCESS 24.9 25 24.98 25.15 24 0.1 342 18400781 459524443.54
ADSWITCH 4.54 4.33 4.33 4.54 4.33 0.21 2 5000 21944.00
AFPRINT 4.9 4.67 4.9 4.9 4.9 0.23 34 1087120 5326888.00
AFRIBANK 25.7 25.78 25.36 25.8 24.8 0.08 211 19134473 483501696.90
AFROIL 21.54 20.52 21.54 21.54 21.54 1.02 78 511058 11008189.32
AFRPAINTS 3.49 3.49 3.49 3.49 3.49 3 42200 147278.00
AGLEVENT 8.25 8.02 8.42 8.42 8 0.23 40 665356 5459836.16
AIICO 4.35 4.15 4.35 4.35 4.35 0.2 18 2175183 9462046.05
AIRSERVICE 19.11 18.99 19 19.93 19 0.12 61 2565529 50388469.87
ALEX 3.32 3.32 3.32 3.32 3.32 1 9067 30102.44
ALUMACO 9.22 8.79 9.22 9.22 9.22 0.43 1 15000 138300.00
AP 260 260 252.7 260 252.7 83 192624 49946758.92
ARBICO 3.65 3.48 3.65 3.65 3.65 0.17 1 250000 912500.00
ASHAKACEM 53.55 55.8 55.8 55.8 53.13 2.25 63 320735 17201426.34
AVONCROWN 6.97 6.64 6.97 6.97 6.97 0.33 2 50000 348500.00
BAICO 6.03 5.75 6.03 6.03 6.03 0.28 1 15000 90450.00
BCC 53.13 50.6 50 53.13 49 2.53 104 2486106 131556633.50
BERGER 12.14 11.81 11.81 12.14 11.81 0.33 36 467684 5639931.78
BETAGLAS 25.45 24.24 25.45 25.45 23.03 1.21 13 131124 3149826.66
BIGTREAT 20.69 19.71 20.69 20.69 20.69 0.98 26 683871 14149290.99
BOCGAS 21.49 20.47 20.47 21.49 19.45 1.02 38 447098 9125898.00
CADBURY 47.36 45.11 47.36 47.36 47.36 2.25 39 120489 5706359.04
CAP 67.2 64 63 67.2 62 3.2 14 373719 24231256.00
CAPALBETO 69.3 66 66 69.3 66 3.3 2 2434 161059.80
CAPOIL 13.8 13.23 13.88 13.88 13.57 0.57 169 2299753 31768001.98
CCNN 20.1 20.05 20.05 21 20.05 0.05 29 473732 9582877.24
CHELLARAM 17.39 16.57 17.39 17.39 17.39 0.82 1 15000 260850.00
CHEVRON 250 260.46 247.44 250 247.44 10.46 25 82429 20547722.00
CILEASING 10.11 9.91 10 10.4 10 0.2 214 6052422 62755102.87
CONOIL 91.9 91.24 91.23 95.75 91.23 0.66 73 393025 36195413.46
CONTINSURE 6.55 6.24 6.55 6.55 6.11 0.31 259 106788821 691716543.07
CORNERST 7.87 7.5 7.86 7.87 7.13 0.37 588 93322544 718024626.06
COSTAIN 33.86 32.25 33.86 33.86 33.86 1.61 26 576007 19503597.02
CRUSADER 8 7.8 8 8.1 7.7 0.2 130 9573960 76286838.32
CUSTODYINS 6.5 6.5 6.5 6.5 6.5 47 55192057 358748370.50
CUTIX 15.12 14.4 14.7 15.12 14.7 0.72 21 218169 3297384.72
DANGFLOUR 18.21 17.35 18.21 18.21 18.21 0.86 1 15800 287718.00
DANGSUGAR 43.74 43.78 43.4 43.98 41.7 0.04 213 8249728 354917386.14
DEAPCAP 10.51 10.01 10.51 10.51 10 0.5 281 7461821 77694127.76
DIAMONDBNK 22.89 22.5 22.49 22.93 22 0.39 236 5747700 130102325.98
DNMEYER 9.98 9.51 9.3 9.98 9.2 0.47 19 214586 2079205.66
DUNLOP 5.43 5.18 5.43 5.43 5.2 0.25 1099 72367716 392217479.02
ECOBANK 7.95 7.95 7.95 7.95 7.95 72 1598716 12709792.20
EKOCORP 7.38 7.03 7.38 7.38 7.38 0.35 7 104757 773106.66
ENAMELWA 16.8 16 15.2 16.8 15.2 0.8 2 16000 267200.00
EQUITYASUR 5.44 5.19 5.44 5.44 5.2 0.25 1979 123830138 665840553.92
ETERNAOIL 25.74 25 26.25 26.25 25 0.74 240 4465993 116565868.83
ETI 206 209.99 209 215 200.02 3.99 26 5546800 1121758825.00
EVANSMED 7.87 7.5 7.56 7.87 7.56 0.37 57 2018326 15844569.11
FCMB 19.5 19 19.37 19.5 18.99 0.5 259 22530003 430994067.45
FIDELITYBK 11.4 11.3 11.86 11.86 11.14 0.1 519 18076173 205411659.92
FIRSTALUM 4.88 4.65 4.88 4.88 4.88 0.23 49 1714419 8366364.72
FIRSTBANK 47.4 45.15 46 47.4 45.8 2.25 790 43240136 2043974848.50
FIRSTINLND 13.3 13.3 13.3 13.3 13.3 128 2603153 34621934.90
FLOURMILL 90 92.41 89 92 87.8 2.41 41 89838 8033657.34
FOOTWEAR 3.94 3.76 3.94 3.94 3.94 0.18 28 291725 1149396.50
GLAXOSMITH 27 26.01 26.01 27 25.01 0.99 22 254535 6642441.88
GNI 3.8 3.8 3.8 3.8 3.8 2 85000 323000.00
GROMMAC 4.16 3.97 3.97 4.16 3.97 0.19 2 2154 8770.64
GUARANTY 36.1 35.45 35 36.6 34.98 0.65 881 24138962 856381124.03
GUINEAINS 5 5.19 5.44 5.44 4.94 0.19 580 76599545 389523648.57
GUINNESS 128 132.3 132.8 135 128 4.3 80 501011 66075784.00
IBTC 22.49 21.98 22.25 22.5 21.98 0.51 274 6274870 138949993.22
IKEJAHOTEL 7 6.7 7 7 6.52 0.3 29 566677 3925834.80
INTBREW 8.87 8.45 8.87 8.87 8.87 0.42 4 235500 2088885.00
INTENEGINS 7.22 6.88 7.22 7.22 7 0.34 471 46187391 333077410.79
INTERCONT 40.98 40.98 39.85 40.99 39.85 364 13610510 553737968.10
IPWA 7.39 7.45 7.82 7.82 7.08 0.06 31 2051589 14784592.12
JAPAULOIL 12.49 11.9 12.49 12.49 11.95 0.59 580 18253575 225041383.60
JBERGER 94 94 94 94 94 6 15720 1477680.00
JOHNHOLT 5.89 5.61 5.89 5.89 5.61 0.28 3 6242 36205.38
JOSBREW 7.64 7.28 7.64 7.64 7.64 0.36 20 459906 3513681.84
JULI 0.97 0.93 0.97 0.97 0.97 0.04 2 334600 324562.00
LASACO 5.99 5.91 6.2 6.2 5.9 0.08 1137 57675760 352606250.83
LAWUNION 6.92 7.27 7.63 7.63 6.91 0.35 171 8963169 63657778.16
LINKASSURE 5.99 5.76 6.03 6.04 5.8 0.23 234 35138916 210938888.85
LIVESTOCK 6.08 5.95 6 6.12 5.95 0.13 301 15927338 95615979.31
LONGMAN 20.5 21.53 21.53 22.6 20.5 1.03 7 68600 1442713.00
MAYBAKER 13.6 14.2 14.2 14.59 13.55 0.6 64 781650 10855790.74
MBENEFIT 5.99 5.89 6.18 6.18 5.6 0.1 622 79538198 459377434.55
MOBIL 190.35 200.36 200.36 200.37 190.35 10.01 13 9031 1773667.07
MORISON 5.52 5.26 5.52 5.52 5.52 0.26 4 40000 220800.00
NAHCO 29.95 29 29.99 29.99 29 0.95 77 1685632 50159906.23
NASCON 16.3 16.02 15.95 16.3 15.95 0.28 52 2256170 36343702.17
NB 53.56 53.55 56.21 56.21 53.01 0.01 189 2152515 116467306.40
NBC 59.84 59.85 59.85 59.85 56.88 0.01 27 553120 32982603.55
NCR 7.24 6.9 7.1 7.24 7.1 0.34 5 74598 538745.80
NEIMETH 8.41 8.01 8.41 8.41 8.41 0.4 25 486118 4088252.38
NEM 5.41 5.26 5.52 5.52 5 0.15 2333 172069429 915473992.28
NESTLE 288 299 310 310 284.05 11 46 357361 104792049.82
NIG-GERMAN 27 26.7 26.7 27 26.7 0.3 15 92647 2495824.30
NIGERINS 8.35 8.7 9.12 9.12 8.35 0.35 78 3538059 31198208.33
NIWICABLE 7.55 7.29 7.3 7.65 7.2 0.26 62 1882916 14109399.60
NIYAMCO 2.08 2.08 2.08 2.08 2.08 1 1000 2080.00
NSLTECH 15.57 14.83 15.57 15.57 15.57 0.74 6 860000 13390200.00
OANDO 150 150 146 150 145.5 133 402758 59560411.73
OASISINS 5.87 5.61 5.89 5.89 5.5 0.26 277 12737680 74303585.27
OCEANIC 30.6 29.4 29.4 30.6 29 1.2 624 49394208 1473437616.33
OKITIPUPA 3.42 3.42 3.42 3.42 3.42 1 1320 4514.40
OKOMUOIL 39.69 37.8 38.33 39.69 38.33 1.89 15 192224 7519525.56
PHARMDEKO 10.27 9.79 10.27 10.27 10.27 0.48 6 1379936 14171942.72
PLATINUM 30 30.98 30 30.98 29.44 0.98 87 4680408 140183891.27
POLYPROD 6.5 6.76 7.09 7.09 6.5 0.26 28 690700 4704681.00
PREMPAINTS 2.92 2.79 2.92 2.92 2.92 0.13 1 20000 58400.00
PRESCO 16.08 16.05 16.2 16.2 16 0.03 21 338450 5445042.00
PRESTIGE 12.07 11.5 12.07 12.07 11.11 0.57 16 1383612 16652070.00
PZ 27 27.48 28.85 28.85 26.11 0.48 76 1587958 44770773.26
REDSTAREX 7.98 7.6 7.6 7.98 7.6 0.38 15 800000 6151784.00
RIETZCOT 0.68 0.65 0.68 0.68 0.68 0.03 1 92000 62560.00
ROADS 2.32 2.21 2.32 2.32 2.32 0.11 2 20 46.40
ROYALEX 6.21 6.4 6.41 6.69 6.08 0.19 49 2847587 17805958.88
RTBRISCOE 32 30.98 30.5 32 29.45 1.02 20 261220 8018741.33
SCOA 5.82 5.55 5.56 5.82 5.56 0.27 20 1170846 6808404.97
SKYEBANK 16.84 16.84 16.84 16.84 16.84 56 1156757 19479787.88
SOVRENINS 5.74 5.52 5.79 5.79 5.25 0.22 259 36557795 200230692.29
STACO 6.55 6.28 6.59 6.59 5.97 0.27 451 30511655 194783669.35
STDINSURE 4.69 4.69 4.69 4.69 4.69 133 18817390 88253559.10
STERLNBANK 7.28 7.28 7.28 7.28 7.28 63 4658852 33916442.56
THOMASWY 3.6 3.6 3.6 3.6 3.6 3 5575 20070.00
TOTAL 189.53 199.5 199.5 199.5 189.53 9.97 14 43230 8251959.90
TRANSCORP 3.31 3.16 3.31 3.31 3.3 0.15 376 61771725 204458882.50
TRANSEXPR 5.89 6.19 6.19 6.49 5.89 0.3 9 1349300 8678027.00
TRIPPLEG 8.35 7.96 8.35 8.35 8.16 0.39 43 506057 4212495.96
UAC-PROP 24.98 24.01 24.01 24.99 24.01 0.97 25 90458 2246209.76
UACN 56.82 54.12 53.5 56.82 52 2.7 97 2628641 144540321.01
UBA 49.5 50 50 51.95 48.8 0.5 332 29844272 1481187169.88
UBN 44.51 45.09 45.09 47 44.5 0.58 542 42350534 1910996384.73
UNHOMES 9.22 8.79 9.22 9.22 8.99 0.43 323 11057431 101832368.07
UNIC 6.3 6.17 6.47 6.47 5.87 0.13 193 6355878 39213880.63
UNILEVER 24.03 24.69 24.69 25 24.02 0.66 92 1370290 33032534.03
UNITYBNK 8.56 8.65 9 9 8.56 0.09 463 27753262 244027854.09
UNTL 6.03 5.75 6.03 6.03 6.03 0.28 33 517882 3122828.46
UPL 12.34 11.76 11.76 12.34 11.2 0.58 16 152938 1804976.71
UTC 7.07 6.74 7.07 7.07 7.07 0.33 31 1546447 10933380.29
VITAFOAM 9.97 10.22 10.22 10.22 9.9 0.25 74 697062 6987036.67
VONO 7.03 6.7 7.03 7.03 7.02 0.33 71 3008617 21150367.81
WAPCO 76.5 74 71.01 77.49 71.01 2.5 95 1769822 133081510.67
WAPIC 12.8 12.28 12.28 12.89 11.8 0.52 99 2726917 34612329.35
WEMABANK 15 15 15 15 15 18 709679 10645185.00
ZENITHBANK 50.8 49.8 50.7 50.99 50 1 473 12799977 643065315.39

RoughCut:

For all those who want to or are about to or thinking of investing in the NSE please read this article a bit lengthy though but do not forget nothing is ever  achieved on the altar of weakness. It would bless you tremendously and if you still need to ask questions after reading please holla by all means but i'm pretty confident it would answer a lot of your questions

http://www.businessdayonline.com/investor/3638.html

BTW: Costain has done ~70% since it came off TS and peeps are still buying and the FY is still March. I can't begin to imagine what will happen when they come round to announcing Q3 results imminent now_{mouth-watering prospect} and FY expected around May-June_{i will go on holidays for 2 months min and sharpen my claws in readiness for the Sep and Dec results  bull-run}

Hi Roughcut, the question could be asked. IN AN EMERGING MARKET SUCH AS NIGERIA'S, WHICH IS MORE BENEFICIAL? BEING AN INVESTOR OR A SPECULATOR?
For me in an emerging market such as the NSE, being an INVESTOR will be more beneficial than being a SPECULATOR, as most of the stocks on the NSE still hold great potentials than are found in some stable markets. This is open to debate though, but a hypothetical situation can save the day! But some would be wise to be both, which I AM. Once my stocks makes more than 75% gains I must take profit whether or not the initial game plan was a long term.

This is a excerpt from the Thisday article. DEBATABLE, though
When you buy shares of a company during any of their Public Offers,which may be Initial Public Offer(IPO) or secondary Public Offer,you are usually sent a certificate which stands as a proof that what is stated therein is true. A certificate is a document,in this case ,a financial document stating how many shares an individual or company owns as equity in another company. If you had bought shares in the last Public Offer of Intercontinental Bank PLC in 2006,you may have received a rectangular hard-paper document in which your name and address are typed therein, together with the units of shares of that company you bought. That certificate also bears the signature of the secretary of the company and also the official number and account numbers of yourself at that company’s registrar. If you are yet to receive your certificates from Intercontinental Bank PLC,you may have received from Oceanic Bank International PLC,or Transcorp Nigeria PLC or a dozen of other companies that recently offered their shares for sale during IPOs.Ownership of shares in a company entitles you to reap part of the profits of that company,usually once yearly,as dividends,or extra stocks as stock dividends(during stock splits or bonus offers).You can also participate at Annual General Meetings and Extra-Ordinary General Meetings of these companies,as a result of your shareholder status. So your share certificates your shareholder status should never be joked with. In fact,you can litigate a company or question its mismanagement based on your shareholder status.
One of these strategies is to “Sell Into Strength”.A famous expression in Wall Street is that”No one ever went broke taking a profit”.So making profits in the stock market is the key to wealth. You cannot afford to lose. You must have also read Robert Kiyosaki saying that “Average investors do not make money.While he may not necessarily lose money, he fail to make money”. And that was why his Rich Dad’s advice for him to the average investor was “Don’t be average!”.
Selling into strength means anytime your stock makes a major move on the upside(i.e increases in price),you should sell a portion of your holdings. For instance if you own 500 shares of Zenith International bank PLC and you make big gains,sell 100 shares each time it appreciates 10%.This enables you to reduce risks and simultaneously sell those stocks at higher prices.Well,selling these shares quickly will be determined by many factors,the most important of which is having the shares already credited to a CSCS(Central Securities Clearing System) account. That forms the core of our discussion: why postal delays in mailing out certificates and the non-verification of these certificates early(if received by investors) impedes their efforts to sell into strength. You will also have read the last time that if you did not make up to 20% profit in your sale transactions,you were not really an investor,although you will factor in your buy and sale commissions.In selling into strength,you become a speculator which is much more important than an investor.William O’Neill took time in his book, “How To Make Money In Stocks” to differentiate the words “investor” and “speculator”.It will be advantageous for you to read it yourself, “Are you a speculator or an investor”,he asks.He continues that: “When you think of the word ‘speculator’,you might think of someone who takes big risks,gambling on the future success of a stock.Conversely,when you think of the word “investor”,you might think of someone who approaches the stock market in a sensible and rational manner. According to these conventional definitions, you might think it’s smarter to be an “investor”. But Baruch, a notable stockbroker defines “speculator” as follows: “The Word “speculator” comes from the Latin “speculari” which means to spy and observe. A speculator, therefore, is a person who observes and acts before the future occurs.” This is precisely what every shareholder or prospective shareholder should be doing. You should watch the market and individual stocks to analyse what they are doing now,and then act upon that information.Another stock market guru,Jesse Livermore defined “investor” as big time “gamblers”. He maintains that they make a bet,stay with it,and if it goes wrong,they lose it all. So “investing”in the strictest sense of the word is not the best way to approach the stock market. “Speculation” is! That is why there is no such thing as long-term investment once a stock drops into the loss column and you’re down 8% below your cost(William’s stop-loss percentage).

Worry when your stocks goes down in price!
Some “investors” are not worried that their stocks are losing value.They are consoled by the dividends and bonuses which they anticipate or had already gained from these companies.They think they will continue to receive this dividends from these companies but that is not true.If you are in this category,you should rethink this idea and belief and consider changing them.They are dangerous!
Let’s take an example of a stock that that goes down 55% in price and pays a dividend of 10%.Would it be logical to retain that stock knowing that a 55% loss plus a 10% dividend gain equals a catastrophic net loss of 45%?So wake up and act smart.Develop precise rules and hard-nosed selling disciplines and you’ll gain a major advantage.
Have you ever bought shares in an ipo or po?
If you answered yes to that question,chances are that you may not have received your share certificates.If this applies,try and get in touch with the registrar of that company,or failing the company itself.The company should at least be able to tell you who its registrar is.If you have received your share certificates,congratulations!You are one of the fortunate Nigerians who will not be bedeviled by the vagaries of postal delays.Well act quickly to sell your shares into strength.I know most of the shares sold as IPOs have made major price gains,while the shareholders were yet to receive their certificates. For instance,Dangote Sugar Refinery PLC which sold for N18 per share now sells for N39;Zenith Bank PLC which sold shares at PO for N16.90 now sells for N44;Oceanic Bank International PLC which sold its PO at N16.50 now sells for N31;Intercontinental Bank which sold at N13.50 now sells for N23;though Transcorp PLC which sold for N7.50 now sells much below at N2.71, recently rose to N9.71 before it plunged.Other stocks which had made great gains include:
First Bank of Nigeria Plc which sold at N33 later sol at N39,though it attained a price of N54;United Bank for Africa(UBA) PLC which sold for N34 now sells for N54;Mutual Benefits Assurance PLC which sold at N0.60 now sells for N3.03;Stnadard Alliance Insurance which sold for N1.10 now sells for well over N4.You can imagine how dramatic some of these increases are.Some investors who had received their certificates have sold into strength,but those who are yet to take advantage of this strategy had witnessed their stock fall back in price after a high price attainment.

Where do you think the price of Sterling Bank would be now that it's planning to come to the capital market, as its propopsed merger with Ecobank has hit the rocks?

Just wondering - its a Penny banking stock, remember!

Salvage:

@Mr. Risky,

I just asked my broker to buy Equity Assurance by the morrow.
You don dey make me fear by your post o.
I really thought there was enough room for some more appreciation.
A couple of brokers I spoke with said so too.

They actually feel that most of the Insurance stocks next surge would be to 10 Naira.

Am no expert. I just asked them.

My brother, may be you misunderstood me.  I didn't say you might not be able to make some gains.  I am simply saying that it is RISKY because its numeric fundamentals (its figures) do not support its present price.  What reason did your broker give for recommending it?  If its because people are making money from it, that is simply HYPE.  Hype is a sword with two sharp edges, survival depends on which side it swings.  If it swings to the left, then mourners may be seen returning from the cemetary, but if it swings to the RIGHT, it is jubilation the like that is seen in a wedding reception

I made huge money today from insurance shares which I bought last year.  At their current prices, I would not dare buy any because it wouldn't fit my risk appetite even though my name is RISKY.

Once the 2008 budget funds are released, some may find their way into the secondary market, more so now that the POs that are coming are not the capital intensive type coupled with the fact that many tested hands on the NSE (like Wanajo, Pumping777, WindyWendy, Madam Yodi, Aktopgun, easimoni, and of course BABAof2 ) have all been immunised against POs/IPOs, the BULL run in the NSE is just beginning.  This year will dwarf whatever 2007 has recorded.  I make bold to say this, except, except, there is a major political earthquake measuring more than 8 on the Ritcher scale, which I do not foresee.  So get your money ready, and if you must take added risk, take the one that would not require increasing the number of doctors around you

Some stocks which are silent might do a bonus this year, and you can imagine what effect that would have on their prices.  I see Betaglass doing a bonus this year, and who knows AG Leventis might follow, and the almighty WAPCO.  There are great opportunities ahead both in the short and medium term.  SAVE ENOUGH MONEY, opportunities will always emerge, if not weekly, fortnightly.

Total 9 MONTH PAT of Linkassure is not even near N200m with unknown staggering figure as outstanding shares and yet its price is more than N5.  A company just robbing off the dust from losses of its past financial year

THE STOCKS I CAN BUY AT TODAY'S PRICES FOR MEDIUM TO LONG TERM HORIZON:

UBA (Fundamental)
Diamond Bank (Fundamental)
Beta Glass (Fundamental)
NASCON (Technical)
AG Leventis (Techno-Fundamental)
Ikeja Hotels (Fundamental)
Afroil (Market Psychology)
Eterna Oil (Market Psychology)
Equity Assurance (Suicide Mission - May succeed)
FBN (For my grey hair days)

jandbaby:

The Queen is back! We missed you.

You are right, the Queen is truly back.  We now have PEACE of mind.  We really missed her.  Welcome ma

emotimi:


Gurus in the house; I beg I don register as directed by CSCS below but yet to hear back from them. Any idea how long e go take them to respond?

IPO - My advise to the house is that we should all avoid them for now until sanity is restored to the system,

My problem with the POs is not even with the companies floating them but with the SYSTEMLESS SYSTEM.  For instance why EXTEND THE DATE OF A PO when it is clear it will be oversubscribed.  If they say they didn't know it would be oversubscribed, that substantiates my point that the system as it is is SYSTEMLESS.  FBN extended, ACCESS extended, even DANGOTRAP extended etc etc etc.  And now they are paying CENTURIANISED INTEREST of N2.50 per N1m returned  TOOO BAAAAAAAD  TOOOO SAD.

You spoke my mind on FBN, if it drops, I buy more from the loot from the UNINSURED prices of the insurance companies

wanaj0:

How did you come up with 5bn oustanding shares for NEM? Have you added the shares to be issued for the acquisition of Vigilante

For me, the safety NET is your entry price. Will not be buying UNIC @ 6.00. I mean the PO @ 1.10 in 2006 was UNDERsusbcribed!!! What has changed

That said, some of the insurance companies have a good business model. UNIC is one of them. NEM also is undergoing a turn around with the coming onboard of Vigilante so may give them the benefit of doubt.

Will like to see the declarations of those insurance company. How much divdend will they pay. For those who are in for the short time, exit before the year end result!!!! Those guys are miserly with declarations.

Also, the insurance sector will probably have the worst corporate governance. I think UNIC cleaned its books so I am a bit comfortable with them.

That said, there are huge opportunities in that sector. Life insurance is one. Then look at the Health insurance, local content for the oil industry etc.

You are right Wanajo on the great potentials in the insurance industry. It is the outworking of the game that is my concern. What innovative packages have they shun out? How much have they poised to take advantage of the liberal government policies in their favour. Some truly working hard. Top on my list is the Unic you mentioned in the area of healthcare insurance, Staco is another great upcoming insurance firm, also with Continental Re. But let them spread their cards down by midyear before they can declare their holiness. Yes, Mutual Benefit too is going the way of the mortgages. For the long term that is one insurance firm that will take its own among its ranks. The future is bright no doubt, but how poised are they to take advantage of it, my worries - and sincere worries actually.

Well ride it on if you have entered, and make sure you took your seat near the exit door. Unless you are waiting for 3k dividend for a stock of N6 plus

wanaj0:

Hope no one gets caught in. Expecting weeping and gnashing of teeth.

You have said it all Wanajo,
And again what is driving the insurance stock prices??  Recapitalization?  Which recapitalization??  Where are the innovative market strategies in that sector?  Is it the N333m 3rd quarter PAT of NEM with over 5bn outstanding shares that is driving the price.  Very soon there will be weeping and gnashing of teeth.  In a BULL market, if the name of SAVANNAH BANK were to be on the list of quoted companies its shares would still be on BID, not minding the army of lizards crawling in their former branches across the nation.  Nothing kills faster than Hype,  The way fundamentals have been thrown over board, hope cardiac arrest will not arrest some unwary investors .  NOT MY PRAYER ANY WAY.

Common Cadbury don waka pass Dangsugar, this thing de vex meoooooo

This is the total value of the market today!


wow 15,246,612,188.31

The BULL has gone crazy! Fundamentals have been jettisoned overboard!!!!!!!!!!!!!!!!!

NSE BID/OFFER Positon of selected stocks at close of trading on 05 February 2008

Demand Supply
INTBREW 13.67m 0 FIRSTINLND 0 25.06m
AIICO 146.49m 0 WEMABANK 0 27.29m
ECOBANK 23.29m 0
ACENINS 2.65m 0
ZENITHBANK 8.67m 0
GNI 0.714m 0
LASACO 6.74m 0
SKYEBANK 13.67m 0
DEAPCAP 16.31m 0
JULI 3.38m 0
COSTAIN 9.61m 0
BIGTREAT 1.06m 0
EQUITYASUR 23.44m 0
CORNERST 55.56m 0
NSLTECH 3.09m 0
CUTIX 0.788m 0
FIRSTBANK 35.99m 0
NEM 5.45m 0
CONTINSURE 57.81m 0
UNTL 0.513m 0