I find this car discussion interesting so let me chip in.

I don't agree that you cannot compare Jap cars to German cars. it all depends on the brand and model.
From a durability perspective, jap cars are far more durable than German cars. The most durable and reliable cars are Japs by far.
Honda, Toyota and Subaru will beat BMW, Benz or Audi in durability or reliability. If you check various lists of most reliable cars, it is typically dominated by Toyota and Honda. You will hardly ever find a single German car in list. I am not making the point that Jap cars are better than German cars but I am referring to the issue of durability here.

Volkswagen is not a premium brand and the pricing is comparable to Toyota, Honda, Subaru and Mazda. By the way, it is not very reliable and resale value is not that good compared to the Japs.

Lexus is premium Jap and price is comparable to BMW and Benz so here also it does not hold that German cars are more expensive. A Lexus is far more expensive than a Volkswagen. I don't understand why we should compare these car makers in any case as one is a premium brand (Lexus) and the other is not. The cheapest Lexus saloon is $35k which is more than double the starting price of a VW Jetta (Same Class). In the same way, Infinity and Acura are way more expensive that equivalent VW models.

Most German brands are premium (Audi, BMW, Mercedes) and we have to compare them to other premium brands (Lexus, Cadillac, Infinity, Acura etc.) and the prices are comparable.

Back to prices we should look at starting prices as configuration can make the difference.

Starting prices in the US. Each row is for different models in the same class.

VW Jetta: $16k Honda Civic:$17k Toyota Corolla: $16k Lexus IS: $35k BMW 3 Series: $32k
VW Golf: $18k Toyota Matrix: $19k
VW Passat: $20k Honda Accord:$21k Toyota Camry: $22k Lexus GS: $47k BMW 5 Series: $49k

Golf GTI is a performance model and as rightly pointed out, is more expensive than a Camry but this is not fair comparison as Camry also has a 3.5L model which can be more expensive than a GTI.
Still a new Golf GTI starts at $24k so it is not that much more expensive than a regular Camry anyway.

I just could not help but comment on this one. I hope I made some sense.

Ok, I will keep you posted via email.

Asking price is 78k Naira ,

Hi all,

If anyone is interested in Nokia N8, I have a supply of about 50 units hitting Lagos on November 25th. Price is 78k per unit.

These are brand new units from the US with full Nokia warranty.

Only 2 colours available. See description below.

1. Nokia N8 Touchscreen Smartphone (Dark Grey)

2. Nokia N8 Touchscreen Smartphone (Silver/White)


I will also have 10 brand new units of unlocked Blackberry bold 9700 (With T-Mobile logo though) for 65k each.

I will post the pictures of the phones later in the week.

Cash on delivery or pick-up in Lagos only. If you are interested or have any questions, please send me an email at pumping777@gmail.com or respond to this thread.

Thanks.

Guys, life still dey this thread? Long time o, Na salute I dey salute,

MrCrackles:

Have they scored yet

Yes, finally.

Peoples, this is not funny at all, Papa Eagles have come again, chei,

utotomi6:

You nairalanders are funny. I remember when Soludo said he wanted to redenominate the Naira to 1 dollar to 1 naira, similar to what Ghana did, many Nairalanders were shouting "no no no we will never become millionaires like that" now some of these same members are asking for the Naira to become stronger. Let's not forget that the naira was once stronger than the dollar before Babangida accepted the IMF loan!!

Abeg, no vex. In fact, Babangida did not accept the IMF loan. Nigerians opposed it and he went with the popular opinion. I believe he already decided not to take it before the debate anyway. Instead, they implemented SAP which was recommended by the world bank but sold to us a being home grown and which in fact had conditions not any different from what the IMF was seeking to give us the loan. They had to do something because of the N20B loan weighing us down.

I just thought I'd point it out because this incorrect information is out there. I also read an article recently by a Naija Ph.D holder in Houston, Texas that made the same statement in a publication.

Chei!!! Una all dey here Na bears chase me come here o,  see bashing and blood on the dance floor.

Naija o. We sabi proud against all odds even when we should just chill and reflect.

Who was asking the question again? Are most 419 letters from Nigerians?? Haba.

Abeg, if we don't want people to link us with 419, then we should stop being proud of it. When we are dancing "Yahoozee" and "I go chop your dollar" the tin dey sweet. We can hail ourselves, but others cannot acknowledge it.

Everybody now knows that Naijas are the king pins of 419 business. It is a terrible thing but it's all good so long no one complains.

nateevs:

@ololufemi

Thanks for understanding the whole gist. No my cscs has not been credited. It can't be, since the shares have not been listed on the exchange. So we are talking about spread sheet money. .

ololufemi:

@ Pumping,

Big Bro, I dey watch your back.

How work and the family.

Nice one. Every thing dey kampe. I hope you are doing great yourself.

PP everywhere. Even nairaland suppose do PP

@Fo2 - How far na? You dey?

@ Ololufemi - Na for here you dey hide? Wetin dey sef?

@en_y - You are right. They also refunded the intrest charged on my account.

I think the end of this week (already gone) and next week are the times to re-enter all these stocks that have been hammered by the bears. I will expect a mini bull run towards the end of next week for short termers but this will not last long at all.

So the option is to try to time this, which is quite difficult, or hold on to your money for the next 3 months or so and siddon look.

Please don't give mandates via the phone. This can be a backup but always send an email or minimum, at text message.

jonyjoscom:

Father of 2,
Please, I want your candid opinion/advice.
Before I start, I must state it here that Pumping has warned me about CASHCRAFT but I didn't listen; that is now history.

This is my story, please I beg you, take your time and read it:
I took 3m loan from a bank by presenting some share certificates (not yet verified) and a list of etc etc

My man, I really feel for you. The mistake has already been done, so first one has to salvage what one can.

You have accepted the Transcorp issue since you cannot prove you cancelled the order, so accept this.

Regarding DSR, they must reverse the transaction and bear the cost. This is not as difficult as it seems. Like I complained in my post on Cashcraft, they bought N1m worth of Fidelity for me instead of selling. They have reversed the transaction and they bore all the costs. Simple enough. I don't see why you will not insist on this. I don't know how this plays out regarding how much time you have but I don't see any option. It makes no sense to sell this and bear the cost on your own. Please don't take this lightly. Let them know you will take this as high as necessary if they are not being helpful.

Whatever the case, you need to do your best to meet up with your obligations to your bankers. They should not have to take the brunt for the innefficiencies of Cashcraft.

Good luck.

@ Rasputinn - Sorry, no idea about the payment date for Oando.

candylips:

Anyone knows any stockbroker in nigeria that Short sell shares?

Not clear. You mean that "lends" you shares for short trading?

FatherOF2:

As them no quick pass budget, contractor no get money again.

Ah ha. Ok. But dem don pass the budget or no be so?

FatherOF2:

Na National Assembly i just blame for all this wahala

Even sales don slow for where i dey.

My man. Abeg, which one National Assembly do wey unleash all these bears wey no get rope for neck?

nazzyon:

@ PUMPING & FatherOF2


I have noticed BIGTREAT to have been falling for some days now. And it gained today.

What is your opinion about this?

Do you have any info about the past loss?

It would have been a good sign with the bulls but in this market reversals may not be sustained. Examples. Niwicable, ABC, UTC, Dunlop and others. Some folks abandoned selling Bigtreat because they could not sell before the price dropped too low. Another 5% or 10% may get them interested again.

cj2008:

@ pumping any news on betaglass,70% of my portfolio dey their.

That is too much load my bro. I will advice you start selling like 5% a day if you are already in the green.

The result is taking too long and folks have become impatient. I already said if the result is not out this week, I'm cashing out. I also like Fo2's theory that the results may not be released at the peak. However, if you bought at th low of N21.50 like I did, getting out is not a bad idea really.

I think the market is trending down generally and this 2nd stage started last week after the bearish run of last month. I maintain an imaginary portfolio with a crosss section of NSE stocks. I use it to guage the mood of the market.

I learnt this after the bearish run of last month. Even though I exited early last month, it was not early enough. I was hit with a net loss of about 9% on the stocks I just bought that month.

This time around, I exited last week with my 17% from the stocks I bought when I exited with the 9% loss. However, I still maintain a dummy portfolio for this. If I had kept the stocks till today (and a good performer like Beta Glass is 30% of the portfolio), I will only be up only about 5% today, down from 17% just last week.

This is the time to stand back and look small. Many suppports have already been broken and may become the new resistance prices. See Afribank, Aiico, Ikeja Hotels. The prices today would have been more than juicy two months ago, but today, being careful is key.

cj2008:

uba 6mths 21 billion

Chei!!! This banks are now minting money

gbajesu:

@ all
its good to see this tread is picking up again, 'ago ole da bi ile'.
Does anyone have any news on Japaul PO? someone told me the certificates are out,is it true?

Chei! See as you murder the language!

Na 'a[b]j[/b]o o le da bi ile'   - A foreign land cannot be like home.

FatherOF2:

If they follow NBC, they won't release when the price is up. There'll be nowhere to go.
The sensible ones will release when their price is low, so there's room for price growth.

Your theories too dey solid. Make I keep this one for my left hand make I no go take am chop  

hispy99:

This means BetaGlass will most likely have a spectacular Q4 result too

I hope so o!! I have lik 30% of my portfolio locked in that one. Some cicoers don worry the stock today sha with small volume sef.

hispy99:

Pumping, I think you have it mixed up o, the N1.68B was for Q2, not Q3, check your numbers again.

Just looking at my spreadsheet now, and i don't have results for Q3, did they release one?

Ok, now I have them in another format.

NIGERIAN BOTTLING COMPANY PLC
UNAUDITED Q-3 RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2007
PERIOD 2007 2006 ABSOLUTE CHANGE %CHANGE
TURNOVER (N'b) 48.69 42.72 5.97 14.0%
PBT (N'b) 1.97 -0.87 2.84 326.0%
TAXATION (N'b) 0.29 0.69 -0.40 -57.3%
PAT (N'b) 1.68 -0.18 1.86 1016.4%
* Means Decrease & * Means Increase
Net Profit Margin 3.44% 0.43%
---------------------


NBC PLC
UNAUDITED Q-2 RESULTS FOR THE PERIOD ENDED JUNE 30, 2007
PERIOD 2007 2006 ABSOLUTE CHANGE %CHANGE
TURNOVER (N'b) 34.10 30.30 3.80 12.5%
PBT (N'm) 2.00 0.24 1.76 733.3%
TAXATION (N'm) 332.00 266.00 66.00 24.8%
PAT (N'm) 1.68 0.51 1.17 232.0%

Net Margin 4.9% 1.7% 3.24%

---------------------

hispy99:

Pumping, I think you have it mixed up o, the N1.68B was for Q2, not Q3, check your numbers again.

Just looking at my spreadsheet now, and i don't have results for Q3, did they release one?

I've checked again and yes, they released Q3.

Q-2 was released on 7th September and Q-3 on 13th December.

I have them in spreadsheet format so I can't paste them here.

Skye Bank (2nd Quarter)      6 Months
                  Gross Earnings (N'000)   PBT (N'000)   Tax (N'000)   PAT (N'000)
31-Mar-08   27,600,000   9,570,000   (1,910,000)     7,660,000
31-Mar-07   17,200,000   2,500,000   (751,000)     1,750,000
% Change   60.47       282.80                                   337.71
----------------
Wow!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Chei finally!!!!!!!!!

This is the real record breaker!!!! With PO shares and provision for 25% oversubscription, the forward PE of Skye is around 13.8x!!!!

Thank God say I dey this one   

FatherOF2:

Do you have the result, paste am make we see. Someone called me from V/I now.
I know it will be in line with expectations,NBC will clearly be on the right track now. But i'm looking at the price from a technical view point.
All goodnews have sent prices southwards. This price is already in the south, i don't know anywhere souther than south.

I think this is a spectacular result.
-------
NIGERIAN BOTTLING COMPANY PLC
FULL YEAR ACCOUNTS FOR THE YEAR ENDED DEC 31ST 2007
                       2007        2006
TURNOVER                N68.529b    N59.674b
PROFIT BEFORE TAXATION  N4.346b     N614.489m
PROFIT AFTER TAXATION   N3.172b     N1.051b
PROFIT AFTER TAXATION AND
MINORITY INTEREST       N3.166b     N1.042m
PROPOSED DIVIDEND 75K
CLOSURE OF REGISTER MAY 12TH TO 16TH 2008
PAYMENT DATE JUNE 2, 2008
NOTE: AGM EKO HOTEL & SUITES ADETOKUNBO
ADEMOLA STREET VICTORIA ISLAND LAGOS
ON FRIDAY MAY 30, 2008 AT 11 A.M
-----------

NBC definitely beat expectations. From N1.68B Q-3 to N3.17B Q-4.  It doesn't get any better. NBC made N1.7B in Q-2 so technically, it recorded a loss of around N0.02B in Q-3 and now this mega profit. This is a turnaround within a turnaround.