₦airaland Forum

Morning brothers, I visited warren buffet's website some time in d past, so I came across an article he wrote, in that masterpiece article, he was sharing his investment style and policies...... He said he simply picks an undervalued stock with nice prospect and invest hugely or massively, he said and I quote "I dnt care how long it takes once I knw my investment is secured, at each penny appreciation, a wonderful gain comes out"......My friends, if am to follow his steps, I would pick JAPAUL OIL, so any applaud or critics on this company (japaul) is welcome. I need advice......even other undervalued stock suggestion will also b welcomed. thanks

Today 4th Feb 2013, among the stocks that are gaining momentum, TRANSCORP
is up by 9.89%, PRESTIGE is up by 9.72%, WEMABANK is
up by 9.78%.
DIAMONDBNK is up by 2%, STERLNBANK is up 2%
while FBNH is also up 2% at this moment.
Among Insurance stocks, besides PRESTIGE which is up
almost 10%, stocks that are gaining are CUSTODYINS up
4%, NEM up 4%, AIICO up 4%. CORNERSTONE &
MANSARD are unchanged at this moment.
We will wait and see how things pan out at the end of the day......courtesy Easykobo.com

Born 2be Rich: @Ihedioramma, if you are a long term investor maybe you can go for it, but i will advise you to be highly careful with oando...if you check out my brief analyses on it you will be surprised..

When u meet ur broker ask him why oando has no underwriter for thier rights offer...

Also confirm why so many broking firms and financial institution are recommending it as a buy but very little or none of them have it...

Dont make the mistake some investors made when buying AP some years back

Greetings to you all, pls I want comment on d concept of an underwriter. What oando is doing now is RIGHT ISSUE meant for already existing shareholders, d issue of an underwriter comes in only in public offer, so an underwriter can make gains too, to bear d risk if any.

Securities underwriting
Securities underwriting refers to the process by which
investment banks raise investment capital from investors
on behalf of corporations and governments that are issuing
securities (both equity and debt capital). The services of an
underwriter are typically used during a public offering.
This is a way of selling a newly issued security, such as
stocks or bonds, to investors. A syndicate of banks (the
lead managers) underwrites the transaction, which means
they have taken on the risk of distributing the securities.
Should they not be able to find enough investors, they will
have to hold some securities themselves. Underwriters
make their income from the price difference (the
" underwriting spread" between the price they pay the
issuer and what they collect from investors or from broker-
dealers who buy portions of the offering......... (So tell me if underwriting works in right issue)......lol

wema and unity banks are penny stocks of d financial sector though in past weeks ago wema hv recorded increasing price likewise unity (which recorded d highest volume traded). If want to buy into these stock bear in mind u hv to endure for a long time. Their dividend and bonus r nt encouraging (in my opinion and I stand to b corrected.). If u want to buy into cheap or penny stock, turn ur search light to insurance sector....like Aiico. They hv clean work sheet and culture of making investors to feel better by paying dividends compare to peers in same sector.....aiico is expected to hit N1.50 in nxt 6months (max).....Ur discretion is advised. lol.....

1

The board of GTB met some time last 2weeks, but d info and deliberations in d meeting is yet 2 let out......am seriously hunting on their decisions, so I will take position.I am expecting bonus and dividend frm d bank, so if u shareholder in d firm, I advice u to hold, but hv to listen wella to knw whn to off load d stock.........

@ ihedioramma, for one to buy oando now that means d person is a long term investor cos it will take time to bounce back. Again if u look at d oando stock u will see is much undervalued. 2ndly d prospect of d company also matters cos I told u abt d drilling site they acquired from concophillips thereby expanding and stabilizing their stand in sector. 3rdly, for every experience stock investor knows that there is always an upward movt of price in most cases after closure of issuance of any stock that is on IPO or OPO or right issues (laws of demand and supply. NSE doesn't knw hw many units r to b demanded via right issues till after d data is collected @ d end of d issuance, adding to ones traded on floor; thereby shooting up d demand and price). 4thly, I hv been a shareholder of oando since 2007 and I knw d sights and strength of d company. finally, seek professional advice frm u broking firm.......Tnx Sir.

Actually, oando right issue is meant 4 only existing shareholders of d company, and right issue form hv been sent to all shareholders of d company bt due to d problem Nipost is having abt their pension that lead to closure of some its offices nationwide, I dnt think is everybody will get d form.I advice u to visit First registrar website online, click on Oando right at d down part of d front page, a page will open then type ur name; your shareholder nos will display with the nos of units u hv and nos unit u r due to buy, then u can download d form directly. then proceed to bank for payment with d filled downloaded form. I guess is clear now. Remain blessed

I have been following this thread, reading suggestions and advices from vibrant Nigerian on stocks, am happy. But I want to talk on Oando, u see stock buying depends on ur intentions (ie if u r short & long term investor). Am betting everyone who doesn't believe in oando, that d stock will make mark b4 mid year.I hv analyzed it, brokers like cashcraft & vetiva ....also see a huge prospect in d stock (ie if u r a long term investor). Oando is on their right issue now to raise money to pay conocophillips, for acquiring their drilling sites etc in rivers state cos conocophillips is leaving Africa entire (source bloomberg). Now oil subsidy era is gone, what position do u think oando will b placed in near future. Stock recommendation .... Fidelity (sell @ N4.20, honyflour (sell @ N3.) Buy now and hold for 3months & sell off. For my friends having vitafoam b getting ready for sell or hold till 15th of feb for dividend qualification of 30kobo. Finally, seek advice from ur stockbroker b4 any transactions, Remain blessed

I yam am, babasis 4rm ilya du hama liberated by ab valentino.nasawaly i am titratin my okpeke.walk neva stumble & migerate 2 www.igbo-cultures..com.u go tryas adam & eve

Da grin was 2 young 2 die.RIP young nigga.we luv u