Naijadr's Posts

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Investment › Re: Stock Market Tips For Nigerians by Naijadr: 3:20pm On Nov 21, 2007

NIG-GERMAN is slowly inching itself towards my exit price! Looks like its on task to reach N28-30 before the release of report in Dec

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 8:46am On Nov 21, 2007

hey I think someone mentioned this book "How to buy and sell shares in Nigeria" that is on Proshare. Has anyone here read it, and how helpful is it. How available is it to purchase, cause I live in Yankee, but can get someone to get it for me.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 5:11am On Nov 21, 2007

Hey my people for those who read charts can someone confirm if this NIG-GERMAN chart looks like its going to correct sideways and possibly be a good example of a high-tight flag price pattern??

http://www.firstglobalselect.com/scripts/cgiip.wsc/globalone/htm/quote_and_news.r?pisharetype-id=6090

Thats what it looks like to me all signs are pointing towards it, but would like others input on this.

Thanks

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 3:21pm On Nov 20, 2007

wow this bullish trend continues, decisions decisions huh

approaching exit point of one of my stocks cool

what do u guys think the influence of the release of the 1ast bank PO shares will be on the market in the next week or so. With the huge influx will it not initially depress the stock price?

Celebrities › Re: Dakore Egbuson And Her Fiance (Olumide Akande) by Naijadr: 9:47am On Nov 20, 2007

If Olumide is as humble as his dad even with his riches then thats amazing. Harry Akande is too humble, if u talk him and someone didnt tell u who he was, u would have no idea.
Cute couple.

Car Talk › Re: The Best Jeep For Nigerian Roads? by Naijadr: 9:42am On Nov 20, 2007

Had my grand cherokee for over 3 yrs and that SUV is ride or die oh!! Havent had any major problems and I have ridden it all over the place here in the US, and its moving strong. Plus its a dog where I stay with our crazy snowstorms.
Folks here yarning all this prob never owned a "Jeep Grand Cherokee" so stop quoting what ur friend's brother's cousin Emeka told u jare tongue

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 6:24pm On Nov 19, 2007

haha I'm guessing u live in his place then better change your address to somewhere else that u trust.
I'm assuming you are also grown, abi na him dey feed u, so he'll be surprised as to how much you are spending on NSE as opposed to contributing for house huh

husu:
Nairalanders,my dad is opening and reading my share certificates b/4 it gets to me,how do i avoid this because i don't want him to see my UBA,FBN,OCEANIC AND ACCESS that are yet to come. he is definitely going to scream if he sees that?.Please the gurus respond.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 3:35pm On Nov 19, 2007

Nigsecurities finally updated!
All hail NIG-GERMAN, it just keeps climbing

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 3:31pm On Nov 19, 2007

Interesting, its times like this I'm glad I'm using UBA's NRN, so dont have to worry about this wahala.

yodiyokun:
http://www.proshareng.com/myproshare/portal_articles.php?id=1317

This is important Information for those out of the country.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 3:08pm On Nov 19, 2007

Well MBenefits is having a PO, for all you know they can go on TS next week, and your goal of N5 might not be reached for a while grin

I've some MBenefits and matter of fact its going to be my 1st grp of shares to go by end of the week.
Entry and exit prices are good but its also good to be aware of whats going on in the market and maximize profits when u can. We all know the bull's run isnt going to last long, and there's nothing sustaining these high insurance prices that are being posted right now. While I set exit and entry prices, I also think folks should set gain and loss percentages, like if I get a loss of 15%, I'm out, if I get a gain of 200% in 1 mth, or 125% in 1 week, I'm out that kind of thing. Folks all have their reasons

kpineo:
@FatherOF2

Oga if you have any secrets share now oh, before we know your postcode abi na zipcode.

@ALL

everyone seems to be going for the idea of dumping insurance stocks once they gain 25%, but that is an assumption that the holder got in at a value lower than beofre the rally start. which is not always true. My target price for MBenefit is N5, might be wishful thinking but will not play ball until that target is hit and would re-enter once it drops to about N4. i think everyone should set their entry and exit prices.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 1:42pm On Nov 19, 2007

Now isnt the time to get in, not at this price, you missed the train for now, wait till the bull's run stops and the price comes down a but

tommy t:
To all guru in the house, can this be 2ru? i ran to my broker this morning to get some insurance shares mostly lawunion and d guy dey tell me say insurance stock are not avaliable now, can that be posible, this people dey make me mad now oooo! make u guys help me out, i need to get my own share of this insurance hot cake o!

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 12:16pm On Nov 19, 2007

aktopgun:
does anyone know how to get live info on the stock prices in nigeria apart from waiting for cashcraft and nigsecurities etc who report the prices later in the day?

the NSE website is on the blink, again. server overloaded or something

any ideas fellas?

You must have read my mind, was just about to post, been trying that website past hr

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 10:43pm On Nov 18, 2007

Thanks bro for the info! I see they are based out of NYC, I like the aggressive funds making 50% from July till now. Def a great way for diversification outside of the stock market. I see minimum is at $1,000 and that'll be increased to $5,000 in Dec, aaah wish I had the money for it now. Please keep it coming through I'm sure most peope here wont pay attention to this, but I like it o grin

Pls can I have more info also on the Chinese Yangtse funds, Thanks!
http://www.fxcm.com/managed-funds/managed-funds-programs.jsp

[quote author=EMMAACHILElink=topic=31554.msg1693150#msg1692874 date=1195399167]An advise on the FXCM FOREX MANAGED FUNDS

Posted an earlier link on this but received a response from one Zenith Admirer here.
Just like a way of diversifying your investment if you have some plenty cash to invest.
Like the going says don't put all your eggs in one basket, so for me,

I invest in the Nigeria Stock Market (not measured), Chinese Yangtse funds (85% returns YTD) , Forex Managed Funds (50% 3 months returns).
It is fun to have your cash in different portfolios especially after the great bearish market we have since July of this year.

It is very easy to withdraw your funds and it takes a maximum of two days to cash out.

I can say I invested $5,000 at the inception of the FXCM Sentimental Aggressive fund and Now it is worth about $7,500.
It will only take me an internet connection and two days to retrieve my money in part or in full.

For those who are into the forex world, I advise you try this for diversification since the forex is a very volatile business.

Happy sunday to all and hope for a good bull run at the stock market[/quote]

Sports › Re: Nigeria Draws Ghana In Crucial Olympic Qualifier by Naijadr: 3:40am On Nov 17, 2007

my broda has it on youtube, he usually records highlights from naija matches, so u'll have to deal with youtube's limit, cant post full thing, we watched the match online on ghanaian tv so ignore the useless commentators, Abwoa, kwasia!! lol

http://youtube.com/user/2drama

he has maybe 5 clips now from the match all 5mins long, he wanted to add more, but I'm disturbing him now grin

I think he's just going to be posting the full games online somewhere else

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 6:56pm On Nov 16, 2007

WOW! Checked portfolio, the market looks crazy today, talk about big jump.
NIG-GERMAN is almost 120% from 3 weeks ago, and 10% from 2 weeks ago aaah **slapping myself** I knew I should have bought more last mth. Its inching gradually, and if it continues this way it'll be in a great position for 1st quarter 08 run.
I issued a sell mandate for MBenefits this morning then tried to cancel this evening, hoping I can still cancel it, I'll know Monday, try to ride it for a short while and try to bounce before the PO which should be happening soon.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 6:26pm On Nov 16, 2007

I pay 2.6 to buy and 2.3 to sell (have to use UBA NRN just cause its easy for me from outside the country) well I be small persin, no 5mil or 10mil here grin

just yet that is cool

Then the money can be used to do the negotiating

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 5:54pm On Nov 16, 2007

Yeah but i decided to cancel sell order, since bull's run is going on and I'll be at a loss, because by the time they sell it'll be tuesday and then use that money to buy it'll be thursday, I no go buy crusader for N5 oooohhh grin

@dr yeah are u in medicine too?

aktopgun:
@naijadr

personally i am a crusader

they are fundamentally sounder ie based on ratios

mbenfits comes in at least fifth after crusader, lawunion, aiico, unic (probably in that order for me)

so u a real doc or is it just a username then?

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 5:39pm On Nov 16, 2007

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 7:23am On Nov 16, 2007

nazzyon:
Better if you did not poke your nose into peoples affair, if you do not have a positive answer. If you wish to respond

I did not ask for your opinion, did I?

My friend he gave the answer most people on here would give, I cracked up when I saw your N30, that would mean an almost 1000% ROI within the next yr, look at the NSE and see how many companies made that much this yr like 3?
You didnt ask for his opinion but you posted it on here so you clearly wanted an opinion, notice he was the only one who responded meaning others prob laughed and moved on. No need to get sentimental because the answer isnt what you want.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 6:30am On Nov 16, 2007

youngdoc:
At all,
Where do you go to read up on the latest about the stock market, and get pertinent analysis and such?
I have:
Proshareng.com
Meristem
NAIRALAND BUSINESS SECTION
Thisday, Punch, investopedia etc,

I need other sources!!

are there any helpful pages you guys can recommend?

Wanajo: You have been in the stock trading world for quite a while, please give me some pointers

Pumping777: you are known for your timely news and analysis, answer too.

Easimoni: Insurance man, your input too please

EMMACHILE, RoughCut, Gees, Temmie 10 ( where u dey sef), WIndywendy ( where you dey), Frankiriri ( where you dey??), Other Gurus in hiding or not mentioned please contribute too. I am sure we can all gain from sources we didnt know existed, just like Nigeriansecurities has become our one-stop-shop for number crunching.

Thanks all

www.fsdhsecurities.com
http://businessdayonline.com
http://nigeriaworld.com/news/business

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 9:14pm On Nov 15, 2007

Right now I've MBenefits and I'm pretty much tired of it, issuing sell order 1st thing in the morning and using the money to lump on Crusader instead
I sure dont want it to still be there when they go on TS and tie up the money.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 1:29pm On Nov 15, 2007

Temmie10:
@naijadr
whats uba stockbrokers like? are they timely in executin orders?

Its about 2 business days to buy/sell, myself and a couple of friends, and some on here use it, its the UBA NRN (Non resident Nigerian) acct. Their online portal isnt functional, but they said it'll be up and running by start of 2008 I believe, so all transactions are done via email for buy/sell orders. The Relationship officer that I deal with is very efficient, during Naija business hrs sometimes I get a response in as little as 9mins (like today I did) but never longer than a business day. I get an invoice for all money transfers, and I get a statement balance everytime I buy or sell.
Minimum to open is N250k (but you need to open current acct with N100k before that), after current acct is open, all you need to keep it open is N5k, so N95k from that can go towards the N250k minimum

The reason I really like it is its like a 1 stop shop esp with a reputable bank. I get to have a current account and a capital market acct. I can send money to my acct from my bank acct or credit/debit card to my UBA acct in 2 business days using www.ubaremit.com and the rates are cheaper than western union, sending $2000 costs like $12 to send or so. Once it gets there I just issue a transfer order to go from my current acct to capital acct along with a buy order. I don't have to deal with sending western union to someone, the money always stays in 1 of my accts. If I'm going to naija, I can send money to my acct, and walk into any UBA branch office and get it.

Plus they have Mortgage benefits which is 1 of main reason some of us went with them, basically with an NRN acct, you will be approved for a mortgage if you get approved for the same amt in your country (US/UK/Canada). They use your income in your country to approve you for the loan. Here are the mortgage benefits below. Locations for right now are Lagos, PH, ABJ, Enugu, Asaba, Ibadan, Benin, Owerri, Jos, Abeokuta, Calabar, Kaduna, Kano, Makurdi, Maiduguri, Yola, and other state capitals are considered on a case by case basis.

Maximum loan amount: $310,000 (equivalent in GBP and Euros), $540,000 for executives of

Reputable Corporates

Minimum loan amount: $40,000

Minimum Equity Contribution: 20% LTV for employed Professionals and 30% LTV for self-employed

Professionals

Tenor: Maximum of 15 years (180 months)

Interest Rate: 180 Day LIBOR (taken as 5%) plus 2%

Fees: Management Fee of 1 % flat per quarter
Upfront Fees which all add up to which i1.5% (one-off)

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 12:35pm On Nov 15, 2007

Hello everyone, hope bodi dey
I use UBA as my stockbrokers through their NRN services for nigerians abroad and came across this. It appears to be updated everyday, the thing I like about it is that it breaks it down in an easy to read chart for supply and demand.
http://www.ubagroup.com/stockbrokers/docs/stockrecomendation.pdf

Many folks here will be excited to see their trusted see Wema bank grin

as huge demand low supply, other notable companies to the list are Nig-german, WAPCO, CAP, JB, Conoil, University Press etc

@ololufemi, abeg chill small now, Ovia no be God, abi na u be the son of his sister's brother's cousin?? huh

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 2:34am On Nov 15, 2007

this is great news! Insurance makes up close to 40% of my portfolio. Cant wait for 2008!!

Are folks noticing anything with Nig-German?? noticing from my portfolio that its been inching slowly past few weeks, looking at the graph, it appears its poised to be in right position to have a break out 1st Quarter 2008. Its about 17% of my portfolio, I might try and bring it closer to 20%

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 9:58pm On Nov 14, 2007

Anyone purchased Red Star? I placed a buy order, hoping it all goes well

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 2:55pm On Nov 14, 2007

hey pumping and co, u might want to edit your email and use [at] instead of @ because that way spammers dont grab it from here so easily, or better yet delete it and send personal messages.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 2:48am On Nov 11, 2007

Abeg does anyone have more info on this and the possible impact on the aluminum market down the road? What company/ies are they working hand in hand with? Maybe them coming into the market?

http://www.rusal.com/index.php?lang=eng&subtopic=57&subtopic2=70&subtopic3=245&topic=3

http://news.bbc.co.uk/2/hi/business/7087073.stm

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 12:57am On Nov 10, 2007

kai Bigboylarry has landed! Oga keep it coming o!! E go better for all of us grin

BIGBOYLARY:
As i open my crystall ball i gaze and see before me VISION 2010, THE STOCK PRICE OF THE FOLLOWINGS STOCKS, this is strictly for long time investors,THIS WILL SEPERATE THE BOYZ FROM THE MEN!!!

ZENITH BANK #350-#400

UBA BANK #450-#500

GUARANTY TRUST BANK #300-#350

OCEANIC BANK #280-#350

FIRST BANK#250-#350

WEST AFRICAN PROVI.INS.COY.PLC #150

CRUSADER INSURANCE #100-#120

MUTUAL BENEFITS ASSURANCE #120-#150

AIICO INSURANCE #95-#100

CORNERSTONE INSURANCE #80-#100

DUNLOP#50-#90

MAY AND BAKER#90-#100,

The list is endless its strictly for Longtime investors only more coming soon so be prepared.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 9:20pm On Nov 07, 2007

Abeg does anyone know who the Registrars are for First Bank, is it First Registrars?

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 12:22pm On Nov 07, 2007

[quote author=no_shaking link=topic=31554.msg1657258#msg1657258 date=1194431145]Re. First Bank Allotment

Applicants with CSCS number (indicated on the application form) would be credited with shares alloted not later than 20 Nov 2007, So be on the look out, guys![/quote]I got mine before I got my CSCS number, does anyone know the procedure on how to get that done now that I have a CSCS #.

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 7:45pm On Oct 29, 2007

kai una do well to purchase WEMA, all that was way too risky for me esp from over here, it'd take my brokers 2-3 days to sell, so didnt want to risk it.
I'm just so happy, received word that my UBA brokers were able to get more Costain shares for me Thursday b4 the TS. I had sent purchase order late Tuesday so wasnt sure, now I'm sitting tight because I had a whole bunch before. Matter of fact COSTAIN is now 55% of my portfolio grin

Already have my strategy for the bullish run post TS, plan on selling 50-60% of it, because I'll purchase big from PO anyway. Any other strategy recommendation? Thanks

Investment › Re: Stock Market Tips For Nigerians by Naijadr: 7:36am On Oct 27, 2007

pumping777:
You now have to say your daily prayers that the cut-off date to qualify for the rights issue will extend to this week and even beyond.

Interesting thing I found.

Japaul went on TS on July 10th but to qualify for rights issue you must be on the register on July 6th which means you must have bought latest on July 3rd which is 7 days before the TS.

On the other hand Fidelity went on TS on 27th July but accommodated shareholders on the books as at 20th August for the rights issue. This is over 3 weeks after the TS.

So who knows, even if one buys Costain next week, one may still qualify for rights issue. Afterall the prospectus is not yet out. Anyone with this scoop?

The 30% is too sweet for man to pass by o,

Wow didnt know that one, thx for sharing
Ahhhhh mba o God no go gree!! grin

He bought mine at Oct 18 so thats at least a week ago so I pray I'm safe o tongue

I just hope he bought the one I requested on Tuesday
Kai I need to see prospectus, N10 is amazing!

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