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Stock Market Tips For Nigerians - Investment (772) - Nairaland

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Re: Stock Market Tips For Nigerians by risingdamp: 10:55am On May 22, 2009
People, does anyone know of how I can get end of day market prices sent to my phone?
Re: Stock Market Tips For Nigerians by ononogbu(f): 2:54pm On May 22, 2009
Will Nigeria stock ex-change rising up again? Because the way am seeing it now am not sure,
Can you imagine Zenith Bank of people 23 Naira and UBA 15 Naira
Re: Stock Market Tips For Nigerians by rasputinn(m): 9:07am On May 23, 2009
wanaj0:

Rasputinn, well done for holding forth.

Ah Olorogun Wanajo,baba ke himself,I hail ooo
21 militant gun shot salute for you grin grin grin
Re: Stock Market Tips For Nigerians by rasputinn(m): 9:10am On May 23, 2009
Nigerian Breweries proposes N1.30 Kobo interim dividend



-Posts 2008 FYE warrants today
Peter OBIORA
Proshare NI
May 21 2009 at 17:49 GMT



Nigerian Breweries Plc (NB Plc) has today May 21 2009 proposed an interim dividend of N1.30kobo per share on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria.

This is the first interim dividend for year 2009 Financial Year declared by the Brewing Giant.

However, NB Plc affirmed that the dates of closure of register of members are June 22 to June 26 2009; while payment date is July 02 2009.

As contained in the year 2008 Annual Reports and Accounts, the company’s Financial Year End (FYE) dated December 31 2008 has a total of 7,562,562,340 shares outstanding.

Prior to this time, NB Plc in year 2008 declared a series of interim and final dividends amounting to N3.40 Kobo in the review period.

A breakdown of this is as follows, October 08 2008 NB Plc declared N1.00 dividend, on December 29 2008, it declared another N1.90 Kobo and on April 03 2009 declared a 50 Kobo dividend totalling N3.40 Kobo in the period under review.

In the same vein, the Brewing Giant has today May 21 2009 posted the year 2008 final dividend warrant to investors of the company as contained in its Annual Reports and Accounts made available to Proshare NI.

The warrants the company affirmed would be posted to shareholders whose names appear on the company’s Register of Members at the close of business on Friday March 27 2009.


http://www.proshareng.com/news/singlenews.php?id=6591


Going forward,NB promises to deliver one of the best ROIs (IMO),I've got them in my line of fire for sure
Re: Stock Market Tips For Nigerians by kumbibrown: 8:15pm On May 24, 2009
http://www.broadstreetlagos.com/login.php

Go to this site to get information on the markets I found it quite informative

Cheers
Re: Stock Market Tips For Nigerians by jamace(m): 5:44pm On May 26, 2009
PRESTIGE ASSURANCE PLC
AUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2008
2008 2007 %CHANGE
GROSS PREMIUM N3.008b N2.260b 33.07
PROFIT BEFORE TAXATION N1.000b N901.569m 10.92
INFORMATION TECHNOLOGY LEV (N10.000m) NIL
TAXATION (N290.943m) (N260.266m) (11.79)
DEFERRED TAX N12.571m (N3.218m) 290.59
PROFIT AFTER TAXATION N711.648m N638.083m 11.53
RETAINED EARNINGS N513.644m N457.770m 12.21
FIXED ASSETS N561.624m N555.404m 1.12
STOCK N1.227b N1.609b (23.74)
TRADE DEBTORS N1.589b N1.263b 25.83
CASH AND BANK BALANCES N237.945m N180.604m 31.75
OTHER DEBIT BALANCES N2.328b N2.675b (12.96)
TRADE CREDITS N750.418m N904.730m (17.06)
OTHER CREDIT BALANCES N825.406m N697.755m 18.29
WORKING CAPITAL N2.301b N2.186b 5.26
NET ASSETS N4.369b N4.681b (6.67)
CORPORATE ACTIONS
PROPOSED DIVIDEND 20 KOBO PER SHARE
ANNUAL GENERAL MEETING DATE AUGUST 6 2009
CLOSURE OF REGISTER JULY 28 TO 31 2009 PAYMENT DATE AUGUST 10 2009

Is this a good performance considering the economic meltdown?
Re: Stock Market Tips For Nigerians by jamace(m): 5:41pm On May 28, 2009
MUTUAL BENEFIT ASSURANCE PLC
INTERIM FINANCIAL RESULT FOR THE FIRST QUARTER
ENDED 31ST MARCH 2009
PROFIT AND LOSS ACCOUNTS INFORMATION
2009 2008 %CHANGE
GROSS PREMIUM INCOME N925.889m N624.967m 76.50
PROFIT BEFORE TAXATION N370.826m N294.635m 25.86
TAXATION (N44.499m) (N35.356m) (25.86)
PROFIT AFTER TAXATION N326.326m N259.279m 25.86
RETAINED EARNINGS N261.061m N207.423m 25.86
BALANCE SHEET INFORMATION
FIXED ASSETS N1.017b N1.052b (3.32)
CASH AND BANK BALANCES N1.419b N2.020b (29.76)
OTHER DEBIT BALANCES N7.772b N7.132b 8.98
TRADE CREDITS N411.250m N120.520m 241.22
SHORT TERM BORROWINGS N371.275m N95.478m 288.86
OTHER CREDIT BALANCES N1.012b N927.124m 9.25
WORKING CAPITAL N7.091b N7.995b 11.31
NET ASSETS N8.413b N9.062b 7.15

This company has not told us about the 4th qtr (FYE) 2008 result, and it is already flashing 1st qtr 2009 at our faces. Is this not a mutual wuru wuru?
Re: Stock Market Tips For Nigerians by olabukola: 10:27pm On Jun 01, 2009
Guys whatz the stock like of late?
Re: Stock Market Tips For Nigerians by jamace(m): 5:44pm On Jun 03, 2009
Guys whatz the stock like of late?

Well, the stockmarket is interesting now. For more information, read the last 20 posts before yours for a clearer picture of the market.
Re: Stock Market Tips For Nigerians by rssinvest: 8:11pm On Jun 03, 2009
for now the stock market is a no go area for me, but i seek partnership that can raise five million naira for a foreign exchange project. The partner receives sixty percent in one year. view details here, https://www.nairaland.com/nigeria/topic-279555.0.html .

Best Wishes.
Re: Stock Market Tips For Nigerians by tboy1(m): 10:37pm On Jun 03, 2009
@ olabukola
Market looks better than a couple of months ago . . .
if u've got spare money i'll say u should buy a few cus they seem to b picking up
Re: Stock Market Tips For Nigerians by Remii(m): 10:40pm On Jun 03, 2009
tboy1:

@ olabukola
Market looks better than a couple of months ago . . .
if u've got spare money i'll say u should buy a few cus they seem to b picking up

That advice maybe for last week, right now I would advise wait for the current profitakers to complete their onslaught unless you are investing for long term.
Re: Stock Market Tips For Nigerians by tboy1(m): 11:03pm On Jun 03, 2009
^^ yes
thats why i wrote 'if u've got spare cash, invest'
Re: Stock Market Tips For Nigerians by jamace(m): 11:23am On Jun 05, 2009
My people, see wetin Zenith Bank do o. They send rumour round that they were going to give bonus of 1:2 only to give 1:4 after people don rush buy the shares. It is biz sha, but I think this is kind of stealing by trick or wetin una think naa? angry
Re: Stock Market Tips For Nigerians by otokx(m): 1:31pm On Jun 05, 2009
Those zenith guys did something very unethical but well this is Nigeria
Re: Stock Market Tips For Nigerians by ernest4who: 3:51am On Jun 06, 2009
Pls house can i buy and sell stocks on a daily basis or two days intervals on d NSE with my CSCS account from d secondary market?Pls am a newbie,your reply is most needed.
Re: Stock Market Tips For Nigerians by jamace(m): 9:19am On Jun 07, 2009
Pls house can i buy and sell stocks on a daily basis or two days intervals on d NSE with my CSCS account from d secondary market?Pls am a newbie,your reply is most needed.

I don't think it is possible. Transaction will take T+3 for the money to be available to you for the next transaction, where T is the day your shares were sold/bought. That is to say, every sell/buy order is completed in 4 days ( just say 1 week because trading on the NSE is for 5 days i.e monday to friday only). In essence, you can, at best, buy and sell once a week and this is assuming that you have a very efficient stockbroker that is up and doing. From experience, I have given oders for sell or buy to my stockbroker that stayed 3 weeks or more before execution.

@Poster
Please take the pains to read this Thread from page one to date for more incisive and educative contributions by members. It might not be easy but you will be glad you did.
You are welcome.
Re: Stock Market Tips For Nigerians by rtforex: 12:32pm On Jun 07, 2009
ernest4who:

Pls house can i buy and sell stocks on a daily basis or two days intervals on d NSE with my CSCS account from d secondary market?Pls am a newbie,your reply is most needed.
nairapower:

The stock market is not a kalokalo spot. U need to understand the market before u play the market, lset you get your fingers burnt. 2 days is too short a time to reap except you want to turn the stock market to wonder banks.

So you mean there is no room yet to trade Nigerian stocks atleast on every two day basis?Well,I know we will get there somedays.
Re: Stock Market Tips For Nigerians by viewus: 8:52am On Jun 09, 2009
guyz i hate to bore anyone-and am so sorry if this is out of line with the current trend of discussion here but do help me if you have the answer


i[i] am still pleading-whoever has got any info as regards AFROIL-should please shed some light-good or bad-cos i have some good money in this stock-and i want to know what to tell my worrying heart

pls and pls-i really do need all the info i can get as regards AFroil[/i]
Re: Stock Market Tips For Nigerians by risingdamp: 9:45pm On Jun 09, 2009
Guys,

Is anyone interested in and willing to pay for:
1. Company analyst reports plus recommendation
2. Daily stock prices via sms?
Re: Stock Market Tips For Nigerians by otokx(m): 6:19pm On Jun 10, 2009
Zenith bank is really giving 1 for 2 bonus
Re: Stock Market Tips For Nigerians by presido1: 7:49pm On Jun 10, 2009
Which stock is a good buy at the moment. hv some funds to invest right now.
Any advice will be appreciated.
Re: Stock Market Tips For Nigerians by deardoc: 8:20pm On Jun 10, 2009
hi,
i never knew there was a section on stocks.i would have been contributing earlier.

from some of the posts i have seen recently, there are a lot of newbies already investing or intending to invest in the stock market. Please, please, please you have to first get knowledgeable before you become a trader. its better for you to start investing passively while you get educated. you have to read books, attend seminars and so on. there is no perfect guru in any market but it is important for you to know how the market works, so that you do not burn your fingers.

@presido, what you just wrote is a NO,NO,NO. you should have learnt a lesson from the recent crash, i use to say 'only you can protect your investment'. so first get knowledgeable because if something happens you would say 'so,so person advised me to buy'.you need to first define your goals before knowing which stocks to invest in. but for now, when the market is recovering, target dividend and bonus giving stocks with good fundamentals.

@ernest,you have already said you are a newbie, i wouldnt advise you to start as a trader till you learn the ropes. so invest. get hold of stockwatch,moneywise, success digest extra and try to educate yourself.

@viewus,Afroil.hmn, there is still a lot of controversy surrounding this stock. it is a high risk stock with questionable fundamentals, i wonder who advised you to buy that in the first place. their case is still on.

i strongly believe in the nigerian stock market, unfortunately the goldmine we couldnt see, foreigners spotted out at a distance and pounced on the market.please key in before they take over our economy.

however, because i know that a lot of people do not have the basic education in stock investment and most of the books out there are a bit complicated, i have read a lot of them and attended some seminars that have left some people even more confused, i took it upon myself to write a book titled "Beginners guide to stock investment". it also has a 30days money back guarantee. So i would advise anyone interested or if you would like a free information first to contact me on 08055180507 or send me a mail to stockinvestment4newbie@gmail. with the text "i'm interested, give me details,your name,phone and email".meanwhile check out some useful stock articles at www.stockmarketnigeria.com where i write articles. My name is Faith Zakari. Call me for any clarifications.

re
Re: Stock Market Tips For Nigerians by viewus: 4:49pm On Jun 11, 2009
@deardoc-thank you for the light u shed on AFROIL-lets just say i got it all wrong-if it will not be much of a bother to you-can u also tell me something abt eternaloil-and i wont bother you no more
Re: Stock Market Tips For Nigerians by rasputinn(m): 8:50am On Jun 12, 2009
For the blue chips that are shedding weight now,due to the effect of profit-takers,I'd suggest a little more patience till they drop a bit further before giving that buy mandate
Re: Stock Market Tips For Nigerians by jamace(m): 2:33pm On Jun 12, 2009
For the blue chips that are shedding weight now,due to the effect of profit-takers,I'd suggest a little more patience till they drop a bit further before giving that buy mandate

Yes, that is it.
Most stocks are definately going to do price adjustment after their dividend and bonus payment. So, watchout when the correction is done and hop in.
It is now obvious that the meltdown in the stockmarket has bottomed and the bull is ready to roar again. Investors are advised to come out of their hidding and join the market once more. Good luck to you all.
Re: Stock Market Tips For Nigerians by ShotCaller: 4:07pm On Jun 12, 2009
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Re: Stock Market Tips For Nigerians by jamace(m): 5:35pm On Jun 12, 2009
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Is this also part of stockmarket tips for nigerians? Na wa for some people o.
Re: Stock Market Tips For Nigerians by otokx(m): 6:14pm On Jun 12, 2009
Can one confirm if oceanic is paying 70k dividend?
Re: Stock Market Tips For Nigerians by rasputinn(m): 10:50pm On Jun 12, 2009
otokx:

Can one confirm if oceanic is paying 70k dividend?

Heard they ain't
Re: Stock Market Tips For Nigerians by rtforex: 8:05am On Jun 13, 2009
Our stocks will recover shortly.

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