₦airaland Forum

aktopgun:
@omoba3

first of all, no be get that S-class. My one dey come by his grace but e be like say d guy don beat me to the personalized number plate .

On redstar, after its meteoric rise since listing, it went into a trading range around the N8 mark and has been rising again in the last week or so. Now, the candle stick pattern as far as i see it still shows very short days generally speaking, with declining volume.

i am undecided on this one, it is too thinly traded. lets talk tomorrow.

i am being cautious on this one although the RSI and MACD and macd histogram are not bad.

Topgun: The S Class wey God don dash you, e better pass the one wey I see o You own na the latest model. Na you go first drive am Others go queue buy them own afta you.

Thanks for the reply. I would have wanted to hold this for medium term, but I get to use my funds for other things, so I am looking for the best available opportunity to offload.

invisible!:
Hey hey hey guys, I just dusted up my unity bank annual reports now and there is a good 43 bil units here! If anyone has it check page 27 for the shareholding structure. There is clearly 37 guys with about 33 bil units in between them! Constituting 77% of total shares.
The Great Prophet Babangida has 3.2 bil units to himself only.

Am I a share holder in the same unity bank we are discussing? Please tell me these guys did a reconstruction?

A reverse reconstruction is out of the question since they have a whopping 47b overshadowing their progress How can this pregnant woman deliver safely?? Abi make we do abortion

aktopgun:
omoba, son of the king. ma binu, no vex. no be say i sidetrack your question. i must have missed it bros. please ask it again and i will do my best to answer if i have any answer.

Aktopgun: Thank you. Your mama born you well. You are true son of the soil

Quote from February 22, 2008, 05:06 PM »

Aktogun, Windywendy, Easi, FO2, Temmie10, WanajO: Whay's your take on Redstar? How do you see it performing?

Aktopgun: Interpret candle make I hear Yesterday I saw your S class on Scrubs Lane: License plate A7000GUN why you no tell us say you dey drive S Class now

Aktopgun Aktopgun Aktopgun Na 3 times I call u so. Na so you take sidetrack my posts, twice in a row. Na coincidence? I no sure.

Anyways, if I can't ask you question no problem. Nothing spoil. All is well.

pumping777:
Ha!!! You too??

Pumping: No mind WanajO jare, im sef na chief prophet of doom wen im begin warn us of the danger for different stock We know you all got our back. Thanks for being your brother's keeper.

Aktogun, Windywendy, Easi, FO2, Temmie10, WanajO: Whay's your take on Redstar? How do you see it performing?

Aktopgun: Interpret candle make I hear Yesterday I saw your S class on Scrubs Lane: License plate A7000GUN why you no tell us say you dey drive S Class now

Topgun: Thanks for your earlier reply. Here's another one for you. Thanks for your help.

Topgun: Thanks for your earlier reply. Here's another one for you. Thanks for your help.

Mypeace: Sorry to learn of your loss. God has consoled you and your family and healed the wounds that come with such a loss.

Topgun: What can you glean from this chart?

Got this market update in the post today. I guess this backs up the opinions of Pumping and Windywendy a few posts back.

Afribank plc gears towards a superb year end

With barely two months to the end of the current financial year of Afribank Plc, indices from the results and information
on ground all point to one definite conclusion: a bumper end of year result.

In its just concluded public offer in late 2007, the bank made a profit before tax projection of N12.07 billion with a
dividend payout amounting to N6.07 billion. The bank as at the end of its third quarter ended December 31, 2007
had already reached the set target for the full year.

In its third quarter result, it would be recalled that the bank had a pre-tax profit of N11.04 billion which was far
above more that what was projected in the offer prospectus. Based on this and the availability of funds to the bank as
a result of the successful offer, the financial institution might be hitting the N15 billion marks when its financial year
ends in March 2008.

Most investors would want to start taking positions now ahead of a bountiful year as the countdown
to March 31, 2008 has almost begun. The price of the company stock stood at N26.33 at the close of trading on February 15, 2008.

Wasky-Waja: May I suggest you put up an email addy so that some who may want to recommend stocks for you do so via email? My suggestion is based on the fact that some might not want to broadcast their stock choices for fear of deep pockets and the eventual scarcity of the stock.

All: Cashcraft don com again o

Just got info from a friend, whose close friend got conned by a cash-crafty rep. She unfortunately is a novice. The rep Uju went to her office telling her to buy either Afroil, First Aluminum or Unity bank. She choose Unity but was told to look at the price appreciation from N2 to N12, hence a better option. Her ordered 300kg and the stock has been losing serious weight since she bought. She's been trying to reach the Uju (Oju Ole(thief)), but she is no longer reachable.

Blueband protect ya sef well well o, before yawa gas. Yes I do have an account with Cashcraft, but this is somewhat manageable, simply because I have made my account officer my friend. The downside is that she still has to operate under the lousy ethics. I was this close to signing their death warrant last year owing to their dubious practices, but a good friend dissuaded me from doing this, coupled with the fact that they would use my account officer as the scape goat ( I couldn't have that).

Last year they didn't trade for about 2 days, why? They were under investigation by the SEC and therefore not allowed to trade. But most of their clients are none the wiser simply because they would be told they could find the stock to buy or impossible to sell!

This year something similar happened. Someone was trying to hide money in stocks with them but the SEC once again stepped in. Stopped them from trading for 1 day.

Since last year they have been experiencing server problems, I'm surprised how long its taken many to notice problems with logging into their account.

One thing is certain from my experiences Cashcraft has some crooked elements in their midst (management/employee), but as this is Naija, this is not so unusual since its a man no man business.

Another thing to be aware of which Napolean has somewhat highlighted, is the fact that most of our brokers are looking out for number 1.

We all need to realise that we are actually in competition with most of these brokers, judging by the experiences we've all had

When you place an order for a stock they also want, you can be certain their order gets filled first. We are considered last (except in some instances where you have a good relationship with your account officer, who can sometimes influence situations on your behalf).

We all know that buy or sell our brokers make a profit! Better still for them if you hold a stock they want from you. You can be certain that stock will lose so much that their advice is for you to sell at a loss, while they buy at a profit from you and still collect their bonus commission for doing so. I recall reading on this thread where someone got his broker to take off N1m worth of unwanted stock from his account. So who is the unfortunate guy that got this weight dumped on their lap Someone has to bear the brunt and it sure ain't the broker (you can bet your last dollar on this).

nuff said

loma:
Bull Market is a random market movement causing an investor to mistake himself for a financial genius.

Bear Market is a 6 to 18 month period when the kids get no allowance, the wife gets no jewelry and the husband gets no sex.

A long term investment is a short term investment that failed. e.g the Nascon 1-day sale last year

Economics is an extremely useful method of employment for economists.

The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

The best time to buy anything is last year

Technical analysis is the art of drawing a crooked line from an unproved assumption to a foregone conclusion.

A technical analyst is a person who thinks that nine women can produce a child in one month.

Spend at least as much time researching a stock as you would choosing a refrigerator.

Remember the First Law of Technical Analysis: For every analysis, there is an equal and opposite analysis--so for every bullish analysis, there is a bearish one. The Second Law of Technical Analysis: They are both likely to be wrong!

We have two classes of forecasters: Those who don't know--and those who don't know they don't know!

February is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and October!

A market analyst is an expert who will know tomorrow why the things he predicted yesterday didn't happen today!

Have a bullish week!

Loma: Keep it coming You are seriously cracking me up.

Loma: Nice jokes keep em coming.

All: At this point in time, Trans[/b]corp = a [b]corp[/b]se in transit.

After its resurrection, we will see the [b]trans[/b]ition of a [b]corp[/b]se into a vibrant Transcorp

Deoba:
Invisible,the future will tell. Read the reaction of the company by Transcorp management on the Proshare regarding the reversal sales of Nitel.

[b]Deoba: Talk true, you get 500kg, abi no bi so

Wasky-Waja: Found this:

Cappa and D'Alberto Plc Turnover PBT TAX PAT
=N='000 =N='000 =N='000 =N='000
30-Sep-07 6 Mths 3,796,000 453,569 144,029 309,540
30-Sep-06 6 Mths 3,696,000 341,349 104,572 236,777
2.7% 32.9% 30.7%

WanajO is the chief pilot of this flight and would be able to tell you if its safe to board.

Better still, do a search on Nairaland on each stock, this should help you find each recent or previous post on the stock.

Quote from: blueband on Today at 11:08:50 AM

960 million units multiplied by 5 naira=1.8 billion naira!

UP AIT!

Quote from: Aptogun Today at 12:21:43 PM

which kind of yeye mathematics is AIT doing, no be 4.8b them go get if they are selling 960m units at N5? wetin them wan do with the remaining 3b on top when them make the 1.8b wey them say them need?

original tief tief as fela talk!

or is there something i'm missing?

Topgun: N3b = 600m units might be going the preferential treatment way or Institutional investors. All this equals an offer that's already over subscribed before the offer even starts

Make sure your anti PO vaccination is up to date!!!

Quote from: debenzd Today at 12:51:41 PM

@ Omoba3

You hit the nail on the head. Something similar happened to me this week. I had asked that they sell oceanic since monday this week. As I write, I don't even know if the sale has been made. Meanwhile I be don position to enter some insurance stocks by this Friday. This na Lead Capital o!

I really wish it were possible to be pals with the broker imself. So far 4 UBA Stockbrokers, I have someone who ensures my order is flagged 4 that day.

I just tire jare.

debenzd: Me sef tire o

The things is , unless you have deep pockets, situations like this will cripple your investment decisions.

I think if Nairalanders can muster the required clout, we can set up an efficient brokerage firm, abi I talk lie? By the time we comot bread from their mouth small everyone will sit up.

WASKY-WAJA:
Hi Guys! what do you guys think of fidelity bank ? their end of year is June. what about Diamond and Zenith bank? Elephant nko? possible to make 50% in 6 months? PHB? Cappa & D’Alberto? UNIVERSITY PRESS? INTERNATIONAL Energy NEM ? UBA.?

brother needs your help, opinion and analysis on above.

peace to Men of good will.

WASKY-WAJA: Old boy the stocks you mentioned have been recently talked about a few pages back. Any replies you get might not be as in depth as various contributions from different people. I would suggest going back a few pages and this will hopefully help structure any unanswered questions you have. I hope this helps.

pumping777:
Ikeja dey bam bam o. I dey plan re-entry as I don off load at N7.20 but the tin no wan gree come down. Make una sell o make d price go down for me to enter .

Pumping: Wetin be promised land for Ikeja Hotels?

Guys n Gals: U 2much I've had a pleasant time reading posts today; had a very good laff

To All People Interested in CICOs: (especially newbies)

Highly essential to successful trades:

* Good broker: This is the key ingredient to your successful trades. You need to be able to contact your broker by Phone (mobile and landline), Email, Text messaging and a subsequent contact in case of absence. All the methods indicated are essential. There is greater chance of error without all methods. One will invariably fail and the backup has to be immediate and effective.

To further elaborate, Once you have successfully placed your order, you need verification whether the sale went through or not. Your broker should have a means of contacting you about your buy/sell orders without you having to chase them for this information. If this is not in place, how will you plan for your next order if you don't know the status of the existing one? What is the point of all your research and analysis only to find its pointless owing to an ineffective broker?

Let the gurus in da house please add their contribution

Nicklee:
Hey All

Anybody has any explanations on the recently posted Japaul PO allotment? I can't imagine someone who paid for 51,000 units getting only 10,000 units while the other who paid for 50,000 units gets full allotment. Am I missing something here?

Please, gurus in the house, help shed some light on this allotment plan !!!

Nicklee: This is the NSE. Always expect the unexpectable( if I nefer tabon) and the unexplainable: The more you look the less you see.

Aktopgun: Omoakingbogun U sabi do war with stock analysis More grease to ya elbow. Doji no go dodge you

Thanks for sharing your understanding, wisdom and knowledge.

Quote from: loma on Today at 02:33:12 AM

I do not have a crystal ball like LarryBoy,
Nor do I posess 'news behind the news' like WindyWendy
I cannot blow candles like AktopGun
Nor can I do murabazu like LondonCool

I do not claim to be a CICO guru like F02
Nor do I have daily bid positions like Kpineo
I canno do on-spot analysis like Pumping
I no dey resolute like Shigidi
I do not lay claim to Stock Marshal fame when we have people like Wanajo
I cannot talk of NSE history with precision like Frankiriri
And who am I to give tutorials like juggernaut Easimoni

I am no 'woman-like-man' where YodiYokun is concerned
Nor do I have the praisesinging-ability or humor of an Ololufemi

So I decided to go through this thread's history and do a combination of fundamental, sentimental and technical analysis,and come up with a prediction that you can take to the market tomorrow,whether you are a fundamentalist,bomber,or CICOer.

Based on the Hare-Khrishna Candle-light charts below, looking at the convergence of the Kamikaze and the Burakina at the confluence of a Valentine full moon , we observe a bullish run on this thread between Sept 2007 till date, with maximum capitalization reached in January on this thread.

Judging from the MACD-RSI buy and sell signals, I can safely predict that February will be bullish, with pages of posts on this thread exceeding 200 pages in February 2008 alone.

Damnnnn!!! Loma U 2much jare!

All: All hail the entry of Napoleon conqueror of the NSE, the chief money bags of money bag holders. e just land gbim like say nothing happen. Na wah o

Now we know why we no dey see stock buy B'cos when Oga Napoloen buy finish stock go scarce for ground. Na e e chop finish come lef erun run (particles) for small people. God dey sha

Like Loma has rightly highlighted, We definitely have a treasure trove of NSE wisdom, knowledge and Super intelligence here in our midst. Just look as Windywendy dey sniff beta news comot She fit fit to sniff beta news from inside sh*t sef wen orda man pickin no fit reach. Na waah o

You guys keep Pumping, FO2 investment gases into our domain, so that we can Yodiyokun grow yansh and belle from wealth and start feeling like we WanajO dance for joy.

Pumping: Can you repost your outstanding shares file, please?

Easi: Do you have a list of outstanding shares on file? If yes, please share. I have strong faith in wema that we will laugh all the way to the bank, only if one can exercise patience. If I can raise the necessary funds, I can buy off you, sha.

Specifically I'm looking for NSL outstanding shares.

Purely CICO! I've taken position already and will be taking more this week. There are rumors of an impending PO and infact, the linchpins at the helm have started touting the PO, which according to them should happen this quarter. I believe one can make 50% on this one before the quarter runs out (of course that depends on your entry price -- i've been accumulating below 8.7, looking to exit around 14. If it gets there fine, otherwise I'll be exiting sooner Smiley Smiley). PURELY SPECULATIVE BUY as Pumping777 don talk o! From both a fundamental and technical standpoint, I don't like the stock.

Windywendy: Mak u tak time sef Na onli you and Pumping wan buy efritin finish? una no want mak man pikin no go see buy

Easi: Bro you are most welcome. Me sef dey inside wema boat and I bin wan buy from all of una if I fit raise the moni at N9 - 10 a piece At least my own offer beta pass windywendy e own

Chei! Omoba3 just had to go and spoil my show

Anyway, there's still the question of when it will come off TS and I can still bid from that angle abi? .

Windywendy: I no spoil show na, but I bin wan bid higher than you sha. You wan tak your offa kill ferson??

Why Omoyeni was removed – Wema boss
By Ayo Olesin
Published: Monday, 4 Feb 2008

The sidelined Group Managing Director, Wema Bank Plc, Mr. Adebisi Omoyeni, was compelled to proceed on compulsory leave because he denied examiners from the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation access to the bank’s books, the new helmsman, Mr. John Aboh, has said.

In the first official confirmation of the circumstances that led to the exit of Omoyeni, Aboh, who was appointed Acting Group Managing Director by the CBN about two weeks ago, said at his maiden news conference in Lagos on Friday that the GMD was removed “because he was perceived to be obstructing free access to records.”

Aboh, however, tried to douse concerns over the health of the bank, stressing that its fundamentals and financials were basically sound.

He said the bank was well within the prescribed minimum capital and liquidity adequacy ratios and routinely met its clearing obligations.

Aboh said that his mandate was to stabilise the bank, ensure that proper management was restored and resolve all corporate governance issues, while the ongoing re-examination of the bank lasted.

He also denied speculations that the bank’s board had been sacked, pointing out that the report of the on-going examination of the bank would be presented to the board on conclusion to enable it take decisions on the next steps forward.

Aboh also put to rest speculations that he was planning to retrench some of the bank’s staff who had been divided into camps for and against the GMD, who was accused of running the 62-year old institution like a personal fiefdom in his two years in the saddle.

He also expressed concern about recent media reports about the bank, which he said, could trigger a systemic failure, pointing out that the entire banking system was inter-linked.

Aboh, who until his present appointment, was Executive Director at First Bank of Nigeria Plc, said that with Wema Bank’s planned public offering was on course, but maintained that the board would decide whether or not to retain the timing, depending on the outcome of current investigations.

He also responded to questions on the alleged role of a former Wema Bank MD, Mr. Tunde Lemo, who is now Deputy Governor, Financial Sector Surveillance, CBN, in the goings on in the bank.

According to him, Lemo’s role is to ensure that the banking system is safe and sound, not particularly at Wema, and that his interest is not different from that of the CBN Governor or other deputy governors.

On Omoyeni’s fate, he said, “If there is any wrong doing, it will be based on hard evidence.”

Omoyeni and the bank’s Head of Financial Control, Mrs. Yinka Onifade, were sent on compulsory leave on January 18, following a deluge of petitions from staff and other stakeholders bordering on “serial breaches of prudential guidelines,” that flooded the CBN and NDIC.

Some of the issues in the examiners will look at, it was learnt, include the mode of sale of Wema Bank shares previously held by the Odua Group; loans administration procedure; contracts award processes; purchase of official vehicles; and a controversial housing grant awarded the GMD.

It was gathered that the examiners would also look at the bank’s transactions with former governor of Ekiti State, Mr. Ayo Fayose, who is currently standing trial on corruption charges.

Omoyeni served as Deputy Governor of Ekiti State under Fayose for three months in 2005.

It was also learnt that some members of staff had accused the GMD of “ethnic cleansing” by appointing Ekiti State indigenes to top positions, mostly head of departments in the bank.

Bank PHB moves into mortgage retail market - The Guardian

LANDLORDS with good titles to their property in prime areas of Lagos, Abuja and Port Harcourt and other major cities of Nigeria are now enjoying an alternative cash facility from Bank PHB using their properties as bait. Bank PHB has given them an opportunity to convert part of their fixed assets to liquid cash to meet their financial needs.

Bank PHB "House Owners Advantage" is an innovative financial product through which property owners can borrow money against part of the value of their property. Speaking recently on the product, Francis Atuche, MD/CEO of Bank PHB said with the product from the bank, "Every Man's home is his pot of Gold."

Speaking further, Atuche disclosed that Bank PHB is leading Nigerians "into another frontier of that promise of good life by bringing an innovative and ground-breaking product. This product offers tremendous wealth creating opportunities for our customers as well as potential customers.

" Many Nigerian banks are making forays into the retail mortgage market having suddenly realised a fact we understood many years ago. For those, who do not know, we were among the first to acquire licenses as Primary Mortgage Institution when we set up Finacorp Building Society Limited. And as masters of the game, we have decided to chart a new course by introducing the Bank PHB "House Owners Advantage."

Explaining further, Atuche said, "House Owners Advantage" is different from mortgage financing, in the sense that it allows those, who own their homes and have legal titles to it, to raise finance out of their property for a fixed period. The finance they have raised can then be used by them to buy new assets or create new investments, grow their wealth and have an even better life."

He advised that it is not financially wise for many Nigerians to own homes and yet remained poor and illiquid. "Bank PHB House Owners Advantage hopes to make those homes more than mere castles. We want those homes to become veritable pots of gold. We want your homes to take care of you." Atuche said.

" What we are offering you in effect is an invaluable opportunity and a lasting solution to problems associated with wealth creation. By allowing you mortgage your own home, we are letting you as they say, eat your cake and still have it by helping you to release wealth tied down on fixed residential assets. By making illiquid assets liquid, Bank PHB is once again empowering you to make new investments in the form of stocks, start a new business venture or even if you so desire, build a new house."

For individuals that desire to benefit from the facility, Atuche revealed that all they need is a house with verifiable legal titles in a select suburb in Abuja, Lagos, Port Harcourt and other major state capitals of the country. The borrower's location whether in Nigeria or abroad and whether they are self-employed or salary earner does not matter. "The most important fact is that you do not have to contribute a single naira to access the refinancing facility of up to N150m."

The Bank PHB "House Owners Advantage" finance is just one of the several products from the Bank PHB stable. Recently the bank rolled out a series of Value Added services that can be obtained from the bank's ATM machines located in strategic branches all over the country.

The bank has successfully implemented the Value Added services of Inter Switch on all its ATM channels across the country.

pumping777:
Yes. It is very tempting. An interim result will make any participant a super star. I don enter already. This one na pure speculation sha

You no dey gree hear word o. You don buy everytin finish, I must to join you small.

Anyone looking at Unity bank? They look like a good candidate for buying right now, but what do our gurus think?

pumping777:
I divested in part and I'm holding on to the rest of my cargo. I still believe in the stock. Low cap with good fundamentals but I think it is more medium term. The full year results may not come out early. Last year's result did not come out till September.

If prices permit, I may even re-enter.

Thanks. At what price would you consider a good re-entry point? Where do you envisage the price going in that time frame?

I sent you an email for your consideration.

Re awards: FO2 was the catalyst of change on this forum. He has been quite open and honest about his style of investing and has backed this up with relevant info on how he does what he does.

He deserves 3 Gbosa, Gbosa Gbosa

Pumping777: What's your take on Ikeja Hotels? I know you recently divested, but other than CICO, where do you see it heading in the medium term?

Pumice: Pray tell, did you draw the arrows in yourself or does the Nigeriansecurities tool do this?