₦airaland Forum

@roughcut

Quote from: shawla on Today at 10:59:59 AM
@roughcut
Please do u think costain will catch up wit CAPALBETO.

Wait till when those who subscribed to the PO start selling and hopefully you can enter then when the price would somewhat trade downwards that would be the time to strike. Hopefully certificates would be verified before FY results are announced. It's on very strong bid now and that's why the price is sky-rocketing. Its a fundamentally sound stock anyday!

I remember my Uni days when the Ikemba (a product of Oxford) came to address us. Of course he was much stronger then and in his oratorial best. You will soon have the honour of being his alma mater even though it will be as an adult student . A certain student asked a question and the more studious and serious minded ones amongst us felt aggrieved that this person don generally fall our hand considering the speech so eloquetly rendered by the Ikemba Nnewi. His reply: it is not the question but how it is answered. I appreciate your posts.

RoughCut:
Is this Dangote Guy for real?


http://www.proshareng.com/myproshare/portal_news.php?id=3569

This is a direct challenge to Nigerian investors in general and Roughcut in particular. Entire bank vaults will emptied on Dangote he will have no choice but to return money. I see 50% accommodation max.

I think I may have a problem with corrections being made after a posting has been done involving other peeps names. But I will forgive FO2 on account of personal recognition

Thank you father of 2 for that correction, before peeps start ascribing all beautiful quotes on this thread to me.Not that I complain.

@All

Today is super Tuesday.

A round of beer for everyone on stock market tips and two for Seun.

If Barack Obama wins, consider this doubled.

zomike:
HELLO EASIMONI,
I AM LOOKING AT 65% RETURNS IN FOUR MONTHS ON #6MILLION
ON ATLEAST 3 DIFFERENT BANKS AND 0NE MULTINATIONAL

You 've to be careful which multi-national you choose. One came into town not long ago and stuck a finger into the eye of its Nigerian subsidiary. Its going to two years now and I understand it still cant see clearly.

@pumping
Sometimes we have to digress to egress. Indeed Einstein was born a German. He later changed his citizenship as this reference will show. http://pokspace.goverband.at/essays/wiltschek1_e.htm. The truth is that at the turn of the 19th century the difference between Austria and Germany was like as my people will say "oyinbo and father".

pumice:
@Pennywise

No I don't get discouraged that easily. As a matter of fact I welcome your criticisms. That's why I joined this thread in the first place.

I was wondering what you meant by optimistic. I don't think there is another way to consider what is happening to the price within the last 3 months. It is making higher lows and higher highs which is the definition of an upward trend. All I did was connect the 2 lows to give an indication of future price. Also the 6EMA crosses the 150EMA and holds. Like I said there's only that resistance around =N=5. I would welcome another way of looking at the charts as this would only add to my knowledge.

Remember no-one has a crystal ball, a trendline just shows previous prices in an attempt to anticipate the future. In reality they all end up be broken in the future and price either consolidates or goes down. I rarely practice technical analysis in a vacuum, I look forward to hearing your reasons why you are skeptical. I think it was Albert Einstein who said "if we new what we were doing it wouldn't be called research".

That statement if you read it carefully you will find was not at all critical of your post(s) which gained my full attention a while back. It was meant for dunlop actually. The curve as seen on the NS map suggest a downward trajectory from (december) which appeared to be at variance with the direction of arrow seen and that is all. No bearing, no connection with any form of technical analyses which I might add I have very little patience for.

I share your admiration for the late Austrian. If he had not espoused the relativity theory he would have been just as influential for is incisive social comments. It is doubtful though if he would have gained any attention on this thread if he was alive and an anonymous contributor considering the caliber of people we have here.

@pumice
Your arrowhead appears rather overly optimistic don't you think?.I think it will require a little editing considering, Dont be discouraged I am one of those praying fervently and fasting for dunlop.

Omoba3:

Pennywise: The easiest way to detect Malware/Viruses/Trojans: Free online scanners; http://housecall.trendmicro.com/
http://www.kaspersky.com/virusscanner
http://www.bitdefender.com/scan8/ie.html

After the scan, you can then proceed as advised by Pumping etc.

pumping,man jiro, Omoba. Thanks to you all. Omoba, have you noticed that some of these detectors also leave a bit of their nuisance behind?

@maneasy

Re: Wema, Lemo, CBN and all that
There is no doubt that sleaze will come (aplenty) because we Nigerians patented it. What should be of interest is how this Government and its regulatory authorities respond to these allegations. Sadly we can't expect much going by what we have seen of this Yaradua Government.

@tommy t

bros. You can be sure I will discuss this option with my computer resource person when he comes.

Peeps on this forum should beware that megaupload is laced by very stubborn virus and spyware. It has bent my avast antivirus arm backward, deleted all my bookmarks and presented an unsolicited megaupload tool bar as at this morning. I have battled this nuisance unsuccessfully for weeks. I will appreciate advice from knowledgeable computer fellas in the house if there is any. Hard disc formatting? Last option.

yeto:
my 1st experience of shares' buying- i bought dang sugar @ 47.00 i feel i shld sell it now but i was told to wait, what do you think? and also i bought intercontinental @ 6.00 shld i sell it now?

I think you are in luck because the way I see it, prices of shares on the NSE are headed in one direction in the foreseeable future provided there are no scandals, political instability or social turmoil enough to arouse the attention of CNN. In order words this is a good time to buy stocks. The question of which you should buy or sell has been conveniently determined for you by computer generated technical indices of stock perfomance/potential you will find on any good website among which is nigerian securities.

Thereafter, you can read papers, talk to your broker and share your opinions and observations on the perfomance of these stocks (on nairaland) while learning from other people's experiences. You know what they say about learning how to fish. Having said that, both are fundamentally sound stocks and sentiments are not against them.

edwardaigb:
i want to know of stock broking companies that can help me with loans to buy stocks (margins). I have some stocks with a particular broking firm but they don't do margin trading and there are times i see some opportunities and unable to take advantage.

You may find this list given earlier on useful.
www dot karakataonline dot com/stockbrokers.html
I am sure you will come accross a couple of familiar names with their contacts. Generally, the bigger a broker is the safer.

@Obalende

Is it better to buy from primary market or secondary market? The answer is obvious - in most cases primary market may be better but the recent cases of over subscription is putting me off.

If you have been reading this thread, you would have found that primary market is a no no to most people now for many reasons

@Pumice
I appreciate your advice. I will keep UBA under very close watch because opportunities are presenting every day.

[quote author=Mr. Risky link=topic=31554.msg1915145#msg1915145 date=1202035489]The above statement remains true in BULL season, but in BEAR season as we all witnessed during the second half of 2007, FUNDAMENTALS, not sentiments, rules, hence it is always good to play safe.

which stock can remain afloat or even perform during bear time - that is often one of my questions when selecting stocks.[/quote]Playing it safe led me into UBA which has turned into a mule. Most annoyingly its not even moving backward so I can have a reason to get it slaughtered and have it fed to the dogs doing all the work right now.

Perfect stock for all season? While it will do a lot to please the mind of persons like me, I have to say it remains in the realm of imagination.

@pumice

I agree. Besides there are other banks (that have been mentioned on this thread) which are in a position to make better gains. And they make sense both technically and fundamentally

.

Good reasoning. But sentiment rules NSE. Fundamentally.

Courtesy blueband

The commission has also disallowed applications for preferential allotment.
“With effect from April 1, 2008, no registrar shall be allowed to administer the register of any public company to which it is a subsidiary, a holding company, a related company or which has substantial shareholding in the said registrar or in which the said registrar has substantial shareholding,” SEC said.
According to the commission, any violation of the directives shall attract severe sanctions including the outright withdrawal of registration to operate in the Nigerian capital market.

Impressive.

@JK

"Mademoiselle Pennywise" Be informed that the bail I secured for you on Nairaland is both conditional and very temporary. Besides, you could end up in Nigerian Jail for your French heist. Got friends in high places you know.

My advise? Take Proshare.

Re Obama Vs Clinton

Some of us may be uncomfortable with the truth. But in America prejudice dies hard. If Obama was white his profile would have dwarfed JFK dead or alive and he is not even president yet. A lot of black haters who never voted in their lives will be going to the polls just so he wont be president. I remember In the 80s, demographically the US had 18% black population. Today, on account of the conscious policy of state this has reduced to 10-12%. They would rather have asians and hispanics.

Methink America cannot have a Black president on account of these. But I still watch these debates and love to see how this lone black man stands head and shoulders above his rivals (and their spouses).

Finally here after days of serious scan-reading.

@JK

Gallic greetings to the peeps on Nairaland,

Obviously my infamy precedes me so I won't bother introducing myself. So that everyone knows exactly where they stand, let me just point out that it's someway behind me, JK "the original "Rogue Trader", or at least the latest and biggest.

If the incumbent "Guru's", "Suicide Bombers" and "Fundamentalists" feel aggrieved by this and take it as an insult, please understand that I am French and possess more hubris than all 100 odd Nigerian tribes put together.

Being in custody at the moment, I have a lot of free time, so while i was surfing - free WiFi and laptops in our superior French Penitentiaries - I happened across this petit site.

Now mon amis, could someone kindly confirm the Dangote Flour IPO allotment, I'm hearing conflicting figures and need to verify.

Answer quickly les Nigerians or I may unleash my particualr brand of derivative trading on the puny NSE, making the distinction between suicide bomber and fundamentalist totally existential.

Au revoir
JK

Chances are that your threat wont work because of the inherent safeguards in the NSE like the 5% limit on daily loss or gain on stocks. In all likelihood you would have been smoked out long before you did that much damage. Great sense of humour you have.

Now I am going to redirect your question to Wanajo. Dont mind what he says. He is the in-house stock encyclopedia. He knows all the angles. I hope this post wont be your last as you do your time in prison sorry penitentiary.


@grabdaloot

Why not use the free superior wifi in your bloody possession to search for the information you need on the web. This place is for serious minded individuals and we have a mutual respect for everyone here. If you feel better than my people here then go elsewhere. Personally I will never read anything you post again. Of course you could always register with another name but just bear in mind that the inferiors have forced you to bend, posses more hubris than a 100 Nigerian tribes and to think that the Germans conquered you by bombing you with leaflets of Nostradamus perdiction.

Those were pretty heavy words bro

@AKT

I see you had contact issues with Intercontinental registrars a few pages back. One person you can talk to is Bassey. Tel 08080736116. Didnt think much of it when I got his name and number on Nairaland about 2 months back. I called him yesterday to complain about non payment of dividend on one of my Inter account (from June 2007). This guy soughted out this issue and credited even December 2007 dividend directly into my account within the hour and then called me back to say so. Very un-Nigerian. When he finish get someone to send am courtesy credit shaa.Then you go send me too. Will discreetly advance my cell No.

Inter year end is Feb. Good time to GIGO. Doubt if they will withhold result till December 08. Always takes time for coys to adjust to new regulations.

Hi Frank.

I deeply sympathise with you for your loss and at the same time commend you for your courage in letting forum members know about this personal tragedy. For a country that is not at war, we lose more human lives to gunshots annually than any other I can think off. Sometimes I feel the cost and risk of living in this country is way too much. When you get on the road oftentimes you get the feeling you are putting your life in your hand. Sometimes you dont even need to leave home. A lot of people who were living the good life here have given it up for a more austere existence outside the country in order to preserve life. But Nigeria is where home truly is irrespective of the cold embrace of insecurity and all the Okada smoke that confront you each time you set foot in. Once again accept my sympathy.

Haba, on paper, yes! But na Nigeria! Literally, underwriting is like an insurance against undersubscription! But in Nigeria, it’s quite the assurance for oversubscription now. Lately, have you ever seen any undersubscribed PO/IPO no matter how woeful the company’s financials are since SEC introduced the 80% underwriting law, huh? . Even if Andy Best Electronic, University of Suya or Yakoyo Restaurant come to the market today, they would be hugely oversubscribed! Grin Grin Grin

Trust the Nigeria big boys, they would always find a way round all this! No issuing house wants to take unnecessary risk this day risk/return analysis perspective thus the need for all these aggressive marketing ploy, cowboy tactics, hype game etc we see these days before the offer is made public. And when TS is lifted, the prices go to the roof reason – engineered scarcity and they would subsequently clean out fast fast before the ordinary public receive their share certificate and have the chance to reap from this engineered price appreciation.

BTW, do know the price of Int’l Breweries now on the floor, huh? You know what that means? Check out what happened to Dunlop post TS & post-allotment last year? Anyway, I rest my case!

I hasten to make an observation on the above statement (made a while back) by No-shaking. I have since given up trying to catch up with this run-away thread. Great posts though. But we can do without the frills.

It is doubtful if this perception which is a direct consequence of the said 80% underwriting requirement by issuing houses for POs has not reached SEC.If it has not, then they should be deemed to have failed in their work for not listening hard enough. Its even worse if they are aware and have refused to do something about it.

Capital market operators have some of the brightest minds (this is money matter!). If you are not smart by the time you lose opportunities and money, you will become very smart indeed. The law cannot be an ass here. Regulators have to be as quick and smart as operators even if it means changing the rules several times in one day. Its about time Nigerians start asking questions about this Faki guy of the SEC. A lot of people express surprise about the miracle that Soludo has brought to bear on the banking sector. To me its no surprise. This guy was well equipped. You only need to look at his credentials. I suspect that the 125% max SEC rule for P.O over-subscription was meant to address an aspect of this problem when it is clear that P.Os and infact the NSE is being macro-managed on a grand scale. Faki, Nigerians and indeed the Global finance world is watching you.

On the 125% over-subscription limit, I am glad to say I succeeded in pulling the plug on my little P.O haul the moment I had the opportunity. Any reasonable person would. Let others go and make 10,000% gain on an uncertain and manipulated enterprise.

@roughcut

A long as there is regulation in place to limit their equity holding in these companies these institutional investors both offshore and on-shore will continue to play active roles on the NSE. Actis, Sabre management, Fortis, Helios etc etc are all institutional and private equity investors in a lot of these banks and some of them have swapped their equity for a representation on the board of Directors. By the time FCMB completes its PO i think Sabre (they already have a seat on the board) with Helios they will be owning almost a third of the bank this permissible a slong as its not only one entity does not own 30%

Fortis is a big shareholder in bank PHB and they are from mainland europe and the CBN has just given them a contract to manage $245M of nigeria's external resreves with bank PHB

Actis has 19% equity already in Diamond

I think Novare has almost taken up 30% equity in the national fertilizer company these are just some i can recollect off the cuff. The western capital markets are not going to be so fantastic this year guess where they will be diverting their funds? The banks and coys coming to the capital market every couple of years need the capital injection and there are willing subscribers with deep pockets who have learnt to put their money where their mouth is

I feel you on this. The NSE is redefining the big bang this year. Just hope those in power dont do anything crazy.

CHAMS and CHELLARAMS are totally different companies with nothing in common.

CHAMS is doing a PP with plans for listing soon. They may do an IPO then.

CHELLARAMS is already listed but is planning for a PO.

Hope this help.[quote][/quote]That's CHARMING.

@Simplelady

Chams is short for Chellarams. Its also an acronym for a shakara company. They want your money, at the same time they don't. Better left alone. Dont see any point in this 'open' PP. Maybe the point is to sensitize people for its PO because with the credentials reported on this forum and the amount wanted, 5 Nigerians will happily raise the money on I.V.

@Web_master

[quote author=web_master link=topic=31554.msg1831283#msg1831283 date=1199802146]Please i need reply to this question i posted earlier on. Really need ure help guys[/quote]

Hi all. Am about to start investing in stocks. I have 500,000 to trade with and i have read this thread from page 1 to this current page. and its really educative. Please i still need good advice on which stocks to buy and must be liquid enough in case i want to sell it. What do you think on stocks like CI leasing,Nigerian breweies and also banking sector. Also i noticed that AP gained more than 20 naira over the past two days, is that a stock to buy?. Please all the guru's i really need your urgent advice.

Is that 500,000 naira you have or dollars? If you go to page 292 on this thread you will see a long list of companies you may wish to consider. Good luck to you.

@Gidij

sometimes I wonder what the likes of crazy T are afraid of. If NSE wants to crash let it crash. People who want to invest will invest the very next day it opens for business. One day we cry "invest in Nigeria, invest in Nigeria." Another day another cry: " wolf, wolf!"
People are investing in Nigeria for the first time from all over the world, even people who do not even remember the name of the bank they had account in before departing Nigeria. Is this the right time to drive away investors with culled articles from dubious sources that make the banking sector look like smart criminals in an unregulated sector? What do think will happen to NSE and the economy if people stop investing. What will happen to the banks if all twenty five of them cannot pull resources together to finance the building of a bridge? You will still be proud to be Nigerian , I'm sure, I will be ashamed at such morbid poverty in the midst of plenty.

I am an investor in the NSE (for the long term) and I believe you are too. I doubt it if your decision to invest was informed by some patriotic fervour. We are all in it to make money so when genuine fears arise particularly with regard to some of these financial statements being dished out to the public by these banks and non banks we ventilate these fears and where necessary pull the ears of the regulators to do things properly. In the end the NSE and Nigerians will be better for it.

We are actually a very poor country of 140 million mostly illiterate people with some barrels of oil. Much of the proceeds of sale we know end up in europe, American and lately Brazilian banks. Our salvation is learning to do things properly and evading corruption. Unfortunately we have been led 2 steps backward.

@2gd

But how do i cope with my broker who asks me for money everytime i ask him to advise me on which stock to buy/sell, i'm a novice.just started investing in June this year, I've heard good reports from people on this thread about how their brokers are the bomb etc,
i send my broker xmas ,ileya texts etc,
i've tried to make him my friend, but there's something wrong somewhere.He asks for 'his share'/commision ' when i ask for advice or want to sell, in fact , i'm getting discouraged just typin this,
looks like no one on this thread wants to giv the number of his or her stockbroker, oh well, I guess it's my cross. I'LLkeep on changing till i find the right one.

I sympathize with you. Your frustration is almost palpable. But think about it. If a broker is certain what stock will do well he will probably just quit his job and give directions for money to roll in. The truth is no one is absolutely sure. Educate yourself on the stock exchange. Look, listen and learn. This thread apart from being a valuable source of info also contains useful references. If you are outside the country fortunately on-line Nigerian papers abound. With this comes experience and a good intuition. If inspite of this you end up losing all your money (I am supposing it is not burrowed money-for that you will need a professional financial adviser and perhaps a doctor) nothing spoil, money goes, money comes. In the mean time enjoy the game and the suspense it brings. A time will come when you wont trust anybody's (including broker's) judgement except yours.

I want to end this by saying that it is rather unusual for a broker to request for money before giving advice on what stocks a client should buy. If recommended stock doesn't do well when it should does he know he can be hanged (literally) for it? A lot of people do all kinds of things and get way most times thinking its all good. It can be bad for you one day.

Grabdaloot;spreadaloot

@seun

Is there any Nairaland member who is a general nuisance on the forum? A scammer? A spammer? A jobber? A fraud? An irritant? A troll? Intolerant? Extremely confrontational? Anyone that ought to be banned?

The question is who is intolerant and who is extremely confrontational? You may read individual posts in these forums but be very ignorant of the spirit and context of discourse. And then you go ahead and close somebody's account because you are in a ban mood (otherwise ban!!!) or an aggrieved egoistic and egocentric forum member told you so.

Nairaland is becoming rather unsafe in your hands and I think it will be worth my while to pay internet geeks to seize it and ban you pamanently. You will see huge advert monies flying over your head that you cannot touch and then all of a sudden, you're in the Nigerian job market.

You will do well to minimize your influence and presence. Concentrate on internet fraudsters, opportunists and rent seekers in whatever name and guise. Also those for whom use of cheap profane and abusive words is a way of communication.

@bosunabuja

You can either wait or you can call Wema registrars on 012666778, 017732181 and have a chat with them. For dividends find a way of contacting Intercontinental registrars. But there is very little chance you will succeed.If you do tell them Pennywise is angry with them.

easimoni:
@ Pennywise,on your previous posts, you should see a button called "Modify" (in the top right hand corner). You can use that button to revise/re-word your previous posts.

And you are right, I was about to issue a disclaimer

Thank you for the direction. I appreciate.

The status quo is simply unsustainable. It is another loophole begging for exploitation.

Easimoni did not write the last two paragraphs (before he issues a disclaimer).

"If Zenith does this, then this bank and other listed companies that see PO as a guarranteed source of funds should forget it because there will be a backlash from Nigerian investors.And anyone who wish to start a class action against Issuing houses that keep billions of naira of hard earned money for 3 sometimes 9 months and return without interest is free to append my name Mr Pennywise P. Foolish.

The SEC deserve some kind words for recent albeit belated action against illegal fund managers http://www.sec.gov.ng/illegaloperators.htm. People need to see more acts like this. You can't over-regulate operators in this climate."

I did. He is too much of a gentleman.