₦airaland Forum

RoughCut:
If your name is not on the register as a  shareholder by the closure date you can kiss the rights GOODBYE. So go and check again the date on your contract note!

The thing is that he does not know the cut-off date for the rights issue yet.

aktopgun:
@pumping

guaranty had 777 trades today and gained. now if that is not asign i don't know what is

The number is calling me

blueband:
So where I fit get this cut off date,Aunty Wendy?

Definitely the prospectus. You may also get it earlier in any news piece on the PO sometimes.

Can anyone provide the NSE closing pricing to confirm with other sites please?

Based on nigeriansecurities data, NB lost today.

Just see how the market responds to good results for high caps short term. No interest despite dividends.

blueband:
They only went on TS yesterday.Anyway I bought it early last week.You think I won't still qualify?

Only the prospectus can confirm. Some post date it like Fidelity Bank and some back date it like Costain and CCNN so there is a lot of gamble there. Back dating is more common so you've got to be careful with this strategy.

blueband:
People don dey carry their cheques for Access Bank enter bank now.Better pursue your own o.

Yes o. I don spend my Access refund.

Go loma Go!!

Blenheim:
My broker got me RTBriscoe at 32 bucks. can anyone predict an exit price or is it too high?

I don't think it is too high. The price has been hovering around N28 and N33 in the last 3 months and it's not always easy to get a stock at the lowest possible price.

The catch is the full year results and the kind of goodies that come with it. There are rumours but I want to leave it at that.

This can help you determine an exit point or even decide to hold on medium or long term.

I have a bit of the stock and I can't say I have an exit price right now.

The result may be fantastic as expected because the news making the rounds is that they were not even able to meet up with demand. Maybe, maybe not.

There are only 450M shares so if the result is very good, northward movement won't be so hard.

It's all up to you. Caveat Emptor.

debenzd:
@ easimoni

So would u say that some of the losses today point to the fact that one bear one come out from the woods?

@ easimoni, shigidi and pumping

If you had cash what would you rather buy from the list below? (Only one stock)

NB
NWicable
Footwear
Eternaoil
1st Alum
UTNL (kaduna Refinery should be back on stream soon as Newtwork news today so they may reopen their Nothern factory. Who knows )
Afprint
CIleasing
Japaul

NB is a very good buy you may not make so much short term.

Most of the stocks on that list is a gamble if you are entering now. The fundamentals are wacky. You don't need recommendation from anybody. Only if your instincts agree.

I still hold plenty of Japaul and CIleasing because my instincts tell me they are not done yet and the rumour about both of them regarding end of year goodies persist.

For Japaul, PO shares do not qualify for bonus or dividends so I believe these shares cannot be listed before closure of the register. Otherwise you will have shares of Japaul that qualify for dividends and those that don't qualify for dividends being traded at the same time on the floor.

beginner:
Oga Pumping na wetin I do you now. Two questions on insurance stocks and no reply. The young shall grow.

Abeg which question be dat? Me wey wan be like you wen I grow up. He go be say I no sabi d answer.

Frankly the heavy cap stocks have not done well at all. It is just now that the petroleum stocks are joining the heavy caps so I won't even include them.

Look at the indices maintained by cashcraft on their website.

NSE      64,819.49  11.78

MOST CAP. STOCKS  101.82   1.82

ANNUAL   CHOICE  147.32     47.32

For this year, NSE has gained 11.78%, Most Cap. stocks have gained 1.82% and their annual choice have gained 47.32%.

See the list of most capitalized stocks used for the index below. Of course na banks full there.

ACCESS ACCESS BANK PLC
AFRIBANK AFRIBANK NIGERIA PLC
DANGSUGAR DANGOTE SUGAR REFINERY PLC
DIAMONDBNK DIAMOND BANK PLC
ETI ECO TRANSNATIONAL INCORPORATION
FCMB FIRST CITY MONUMENT BANK PLC
FIDELITYBK FIDELITY BANK PLC
FIRSTBANK FIRST BANK OF NIGERIA PLC
GUARANTY GUARANTY TRUST BANK PLC
GUINNESS GUINNESS NIGERIA PLC
IBTC IBTC CHARTERED BANK PLC
INTERCONT INTERCONTINENTAL BANK PLC
NB NIGERIAN BREWERIES PLC
NESTLE NESTLE FOODS NIGERIA PLC
OCEANIC OCEANIC BANK PLC
PLATINUM PLATINUMHABIB BANK PLC
UBA UNITED BANK FOR AFRICA PLC
UBN UNION BANK OF NIGERIA PLC
WAPCO WEST AFRICAN PORTLAND CEMENT CO. PLC.
ZENITHBANK ZENITH BANK PLC

easimoni:
Puts the trailing PE of NB at only 21! Some people must have seen because it gained max points (at least according to FSDH). I wonder why no one mentioned these results. It wasn't in my FSDH report.

I think it gained about 2.77% (N1.40) based on NSE data.

The result is good no doubt but hard to make out what happens short term.

The closure date is over a month away to start with and there is so much the price can rise due to the promise of dividend.

Long or medium term this looks like an excellent stock. The growth PAT rate of almost 100% and turnover growth rate of almost 50% is just fantastic.

upward:
Lots of differences in the pricelist today as noted by many already. Nigeriansecurities says WAPCO lost, while cashcraft, cscs and some others say it gained


Thanks man, hope it helped, looks like you are placing an order for tomorrow

Wapco lost. If you compare with the NSE results, nigeriansecurities is correct as far as I can see.

Most of the numbers reported by Cashcraft are unfortunately not correct.

windywendy:
Abeg which company is this one?

By the way, welcome back! Where you bin dey since? I was wondering if you had changed your name to grabdbull _{not by the horns sha, 'because that might cause some katakata}

Na d same ABC. I bin wan believe the story now because he for sweet af profit takers don descend  

blueband:
Pumping you dey live near Olde City?I see person wey look like say him name na pumping there last month.
Grabalot is joking,

Ok. My sense of humour is lacking today

Olde wetin? No be me o.

ABC has made N144M for the 3 quarters of the current fiscal year. How will they surpass N1B buy year end? This rumour is too strong o. Abi them wan sell all them buses ??

grabdaloot:
Blueband incase you don't know ABC wan do PO at N24 so na im be say price must reach N34 also their Full yr PAT go surpass the N1b so the dividend go make the price reach N50 (CAVEAT EMPTY)
But seriously ABCTRANS and DUNLOP were the only stocks that had not breached their previous year high on the NSE I opted for ABCTRANS because of better fundamentals. DUNLOP seems to be on its way to break the N9 mark ABCTRANS broke the N5 but couldn't sustain suprisingly. I had hoped that the annoucement on the election decision would spur the market for about two weeks but it didn't. Expect a bull run in the very very near feature till the first set of full year results start coming out in full.watch out for the stock (ABCTRANS)even if I dey vex for my broker for buying at the all time high. I get faith for this one

Abeg where did you get this info abi na rumour? N24 PO for ABC with 1.51B shares already outstanding? Abeg fill man in jare.

peterbabs:
Thumbs up to all the emptors and emptresses!

Does anyone know precisely why Guiness is going down? It has very good fundamentals right? Looks like there's one more thing I'm not aware of.

Interim result released recently. Not fantastic. Nothing to stimulate interest and the stock has high nominal value. As you said though, fundamentally, it is strong on some fronts but the growth rate is not fantastic so no need to pay a premium.

Finally, full year is in June so no end of year result excitement yet.

GBGHOSTBOY:
@Pumping
I need your help. I bought an IPO few months back and my cousin was the one that filled up the form for me. He mistakenly wrote my middle name on the surname space. How do I rectify this?
thanks

Sorry, I don't know what you need to do. I can only hazard a guess that you should contact the registrar preferably before the certificates are issued with proof of your purchase to rectify this.

For those with access to CSCS account online.

Can anyone confirm what the tool "Transaction Listing" does? I assume it allows me to list previous transactions but however I search I never get any results. Has anyone used this functionality successfully?

SavvyLanre:
No vex o. But, was that the one you entered on Dangote Flour as well. I think you mentioned yours was credited to your account.

I used this for my Diamond bank GDR and it has been credited to CSCS.

In a post earlier I explained the relationship between these numbers as explained in a CSCS email.

The alphanumeric number identifies your account (this should be unique) with CSCS. The numeric one is issued by your broker and is your account number with them. Ordinarily you can have multiple brokers linked to your alphanumeric CSCS number. If you have access to your CSCS account this will be clearer to you.

So to credit your account, there is need to know

1. First and foremost your alphanumeric CSCS number.
2. The broker that should have access to trade the stocks. That is why you are also asked for the name of the broker. With this, when you login to the CSCS account and navigate to your account with that broker you will find the stocks listed there.

The only question is this. What if you have multiple accounts with the same broker? In this case, I will advice that after filling in the name of your broker, include in brackets the specific account number you want the stocks deposited. This is the numeric number.

SavvyLanre:
Guys - i am currently doing a research. Please from your perspective, recommend brokers good for CiCo.

Meanwhile, i have asked and would ask again - Does anyone know the right CSCS No. to fill on the form to get your shares directly to CSCS following a PO. (Alphanumeric or Numeric?)

Alphanumeric.

wanaj0:
There are gains and losses so nothing major here. NGC, BOC, OandO etc had gains while Chellarams, M&B had losses. Quite normal in the capital market!

Correction will happen after release of result. Watch and see how WAPCo quickly rest!!!

I'm not talking about just today. I'm talking about all week. Many stocks have lost significantly within a single week than has happened this year so far.

For there to be a correction, all stocks will not have to lose value. Some stocks will still increase in price. A stock like OandO has a driver at the moment so nothing surprising there.

As an example, just for today, only 4 banks gained marginally. All others lost or remained the same. All the major bank stocks have been on a losing streak all week. Not just today.

wanaj0:
Can't see any corection ooooo. Nigerian German still no wan gree!!

Well, you know stocks that are reasonably priced won't be affected so much. Fundamentally Nigeria-German is still reasonbly priced.

It is the over bloated stocks that are taking a beating across board. Even the sentimental stocks like Japaul CI Leasing dey hear wen!!

debenzd:
@Wanajo

I think there is some market correction going on here (at least to some extent). Abi na the end of month syndrome when everybody dey pay back money?

This one looks more than end of month syndrome o. Wether it is a one week bear run or this will continue till next week is the only uncertainity.

RoughCut:
There's no stopping Costain!

Dont forget FY is March so we expect results around May or thereabouts so its safe to assume that the PO shares would not be listed for FY results so they have room to give dividend if they so desire. Not sure about bonus_{that would not be a good idea considering they have just done a PO}

Costain will comfortably and without breaking sweat break the N50-mark by March/April

Go on soun

---------
You have to be careful with Costain so it does not do you an Oceanic.

Shares to be listed for the PO qualify for any bonus and dividends declared for FY March 2008. Check the full prospectus on page 8 or the abridged one on page 3. It is not possible to cut and paste.

This suggests that the PO shares must be listed before the FY results or at least before the closure of the register.

---------

I believe that scarcity is what is driving the price of Costain right now. BTW, what result are you expecting from Costain this March that will justify the current price bearing in mind the outstanding shares that will be listed from the PO?

In the prospectus it is already stated that over 1B shares will be outstanding by FY March, 2008 and they are projecting a PAT of N0.514B. Based on the current price the forward PE is already over 100.

Of course by 2009, based on the project that PAT will multiply 3x this is still okay long term. However, short term, I think it will be necessary to take profit and soon.

Heaviest man Na guguru me sabi chop o.

Scoa remains a good choice at today's price. The same with Skye. I will consider AG Leventis if you can lock it tomorrow.

BTW, this notion about being online can be very misleading. Often I am not here and just forget to log out. My fault though. I'll try to do that.

PO or what did you say? What is that?

samstone4:
@ Crazy T

@ Pumping

Think it was Otedola that bought AP not Dangote.
Understand that Dangote is buying Chevron or vying for it.

Samstone4

Thanks. My mistake.

ACL:
pumping
make i sell my fidelity , na loss be that o.
wetin i go come buy?

That is what I will do. I don't see this stock going anywhere soon. Remember that there are still shares to be listed from the PO. Imagine what will happen at that stage.

It's hard to take a loss when trading stocks but sometimes it saves you money at the end of the day.

Look at it for another one or two weeks and see what you can make of the price trend.

It's hard to pick a stock these days. People are shying away from safe stocks like Fidelity and chasing the money doublers . Most "good" stocks on the NSE will not give short term fantastic returns.

For the ones that will, no one knows when the bulls will decide to rest and drink some water. Who knows, they could be very thirsty and drink for a long time.

crazyT:
@ All

Abegi wetin dey happen to Fidelity? The stupid stocks is about 40% of my portfolio and its just taking one leg forward 4 legs backword.

Abi make I just sell the whole thing (about 8% loss today' price) and look for better stock?

Just my take on this.

Fidelity has over 16B shares listed already and there are sellers around still trying to lock profit from that sudden rise before the PO. Anytime the share price attempts to move north, profit takers will descend and depress the price. Additional shares are still to be listed for the PO.

When there are so many potential sellers, it is just hard for prices to move consistently in one direction. This has been my observation so far. I could be wrong. As another example, look at Oceanic.

One might say, what about Access? Well, Access has under 7B shares listed that is available for sale right now. Those that did the PO cannot sell yet. Once this additional 9B or more shares are listed, it could be a different story.

If you are looking for gains in the short run, I won't advice holding on to Fidelity.

Just my own take. Caveat Emptor.

windywendy:
What would you then say of the petroleum sector that seems to have outperformed the banks then?

There has been a serious catalyst which has driven the price of the petroleum stocks. Nothing similar has happened in banking.  If not for Dangote takeover of AP and now the diversification into exploration for AandO, these stocks will just be another bunch of cyclic stocks.

Stocks with high nominal price can move but it needs more than interim results. If you look at the petroleum sector in any case, you can see that they are all selling at a premium now and it has nothing to do with earnings which has not changed in any way so far.

One other thing to bear in mind is that petroleum stocks and stocks like Nestle don't have many billions of shares outstanding. If there is any strong positive news, it does not take much for a bull run. Most of the banks have never had so many outstanding shares. Generally, the supply is still there.

invisible!:
@windy, I am starting to think that the investing public are not happy with what IBTC announced so the huge volume and eventual price loss.

Dont you think this scenario will play out in many other banks since december is still very far away? I am wary of buying more bank stocks.

Banks. Looking back at this year, none of the banking stocks has been fantastic so far.

It could be this December year end that is part of the problem. The interim results are just not making any difference even when the results are fantastic.

Another issue is the relative high nominal price coupled with relative high outstanding shares. A stock like Unity will not behave like a penny simply because demand will always be met due to the outstanding shares.

Another factor is all the PO certificates that are being listed for these banks which is driving down the prices.