₦airaland Forum

Afribank "rumour" is a close at it gets. It's the MD that dropped the hint. I posted the news story a day or two ago.

The important fact is that the bank is in a "position" to give bonus considering the number of outstanding shares. If the price of this stock does not move, how will they compensate those that bought the PO at N25?.

This is a done deal. The price must waka somehow.

SuperGuy:
Pumping, I can see you are on the floor on this rare day when many are relaxing,
thanks and I hope you will respond to my mail too.

-Lasaco seems to be a stock to watch, at least there is no PO in sight, 3q result (879m) being the highest
in that sector and very likely to declare great profit. What is your position on it and what price are we looking at
in the next 1 month.

-What do you think Ikeja hotel price will be by march end, don't know why the stock is not rising despite
very good 3q result (690m) and share o/s just 1.85b, we expect the pe at year end to around 12 which is great,
I see the stock moving to around #12 considering the above statistic; what do you really think?

Thanks and please respond as I intend taking position next week.

Lasaco - Are you so sure there is no PO in the works? Anyway, I don't have anything fantastic to say about any insurance stock right now. Generally, they are all over-priced but by varying degrees. Lasaco has a forward PE of around 37 so I won't consider it cheap. Sentiments is what is driving that sector right now. I think it is good for short term trading though. We won't start seeing their results till around June and I don't see many of them coming up with fantastic results. In the next one month we will see all kind of prices as profit takers keep the price cycling up and down but the trend will likely be upwards.

Ikeja Hotels - Predicting future price na bigboylarry's territory o. I no sabi do dat one

Ikeja Hotel for me now is a medium term stock. We need to wait for the full year results to come and last year this did not come out till September so it could be a long wait. If you look at the stock historically, it tends to move around the time of announcement of results or a general bull market so don't be surprised if the stock price tend to be stagnant for a while except something tangible happens.

beginner:
Pumping777

Please what is your take on Redstarex - is it too expensive to enter?

It is for me. I'd consider it at N8.

debenzd:
I just did mine this week. You need to get all the info required from your broker. Then go online and complete the online form at this website. http://www.nse-cscstradealert.com/.

It is free.

I got my reply the same day.

Not quite. It depends on what you are talking about.

This is from the FAQ section.
------------------------------------------------
What is the NSE/CSCS Trade Alert?

The NSE/CSCS Trade Alert is an Investor Protection Scheme from the Central Securities Clearing System of the Nigerian Stock Exchange which notifies you every time your stocks are traded on the floor of the Exchange.The share holder automatically gets an SMS message on his or her GSM phone notifying him or her of the transaction before it is completed. This means you can abort the transaction with a simple call if you did not authorise it.

------------------------------------------------
What are the subscription fees?

N3600 for 12 Months
------------------------------------------------
I am a small time shareholder and the subscription fee is too high for me, what can I do when I want to trade my stocks?

For all investors,transaction alert of Trade Alert is free
---------------------------------------------------

I think the portion in bold is what you are really paying for if you are paying the subscription fee. The free service is just for your information.

enurayce:
@ all who can help me with a site to get the pricelist list of previuos trades
Still waiting

http://www.zenithsecuritiesng.com/marketanalysis.php

Fill in the date you want.

Omoba3:
Pumping: Wetin be promised land for Ikeja Hotels?

This entry na till or around Full Year results. Hopefully they won't make less PAT in Q-4 like they did last year.

shigidi:
11 pages and ounting. i have a headache. daimond and fcmb are moving quite strong now, 9 months is out soon. what is amazing me is c&i leasing, i can't even bother calculating fundamentals for that one anymore. given up on transexpress for now.
pumping, i think ikeja hotels no bad oooo. forward pe of 14 is lowest in the whole bloody NSE right now. i still love my UBA sha

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 .

Krrush:
I say Obama's detractors,as represented by the 3rd audition-panelist in the cartoon,are out-numbered(2 to 1,if you like).

They say Obama doesn't go into specifics in his campaigns.

I say that they who have done their economic specifics all these years,are responsible for the near-depression of the US economy today.

Back to the cartoon.Yeah,Obama hasn't sung yet,but the discerning two panelists are already wowed by the props he has brought with him on stage for this great audition.[/b]By the newness that is anticipated in the great act to come.

They realise that,with the new kind of props he mounts on stage for his anticipated performance,he'll surely change the hitherto status quo

[b]Obama stocks _sorry rrrocks!

I dey your side jare. Dem no even fit plan campaign

igetwicked:
I am looking at entering the Insurance sector.I have in mind Oasis,Linkage Assurance and Guinea.My sole reason is that they are cheap and it appears 6 naira is the resistant price for most of  Insurance companies.So there is still a chance of 20 percent in a week.Am I being over optimistic?

Someone mentioned ABC Transport, what is brewing with it?

Investors that think this way make CICO very profitable in the insurance sector. Insurance stocks are not "cheap", they just have a low nominal price.

Anyway, lets say you can make 15% in a week but only if your timing is close to perfect. For instance if you entered Linkage today you may make 15% by next week. Maybe sha o. You have to study the stocks and pull the trigger near the perfect time.

But watch out for technical suspension for the companies that are doing public offer.

easimoni:
Yodi/Wendy and other Barack fans; have a nice weekend

Me nko? I jealous o 


Go Obama Go jo!!!

Belewu:
Pumoing no vex but i no listen to your advice on Japaul and C & I. I still hold them strong! 40% on each and counting. My goof was CAPOIL which i must offload by monday thanks to my broker who decided to be incommunicado since last night!

How I go vex ?

Greed no dey my own dictionary again. I avoid bad decisions even if by chance it means I could have made more money. I need to preserve my profit. Ask people wey still dey try sell their First Bank wether them dey wait make d stock reach N60. As you hold d stock now, na spreadsheet profit you dey count so.

If you no see "mugu" wey go buy Capoil wetin u go come do jare? Na this once in a while "goof" dey chop the profit.

Carry go sha. Na you be champion.

Man Jiro:
@ Pumping 777

Is it possible to get Sterling Bank on the floor? I asked one of my brokers for a similar stock and he said that because it was on suspension, he can't not get it: it might be due to the partcular stock though. Can you please confirm?

It is possible but difficult. Not because the stock is on TS but because the stock is also on net bid. Since the price is fixed, those that have the stock don't have the incentive to sell. After TS, the price can rise to stimulate interest in the sellers.

If you are close to your broker ask him honestly if he can get you a cross deal.

bibiking1:
i dey interested na!
But those my tortoise brokers never fit buy the stock and EcoBank for like three weeks now
Na God hand i dey

I revalue my portfolio with the adjusted quantity of Internationalk Brewery(when never come sef )
all my profit just shrink like AIDS patient
Na God go save person from PO's and IPO's sha o!

Make you try put all your PO/IPO/GDR shares in a separate portfolio. Na so me dey do am to avoid jubilating on spreadsheet profit. See as I take get 5.5% for Japaul. I no even worry sef.

Put stocks with CSCS in one portfolio make you know where you really stand.

bibiking1:
hmm na wa o!
people when dey try that kin tin dey wound o!
that danfo no good at all, all im body don tear finish, e fit spoil your Armani suit!
plus say the transaction rate high i no sure say them go even wan still give you

No worry. This one na done deal. Unity dey come do PO.  The MD don talk am. No need to guess again. 

Dem go fit sell am for N7 per unit? I no think so.  If they do, how many shares them wan issue to get reasonalble capital? 10B? The price must rise jeje. Slowly buy surely.

The only caution na to avoid TS. Shikena.

Sterling Bank go present the same opportunity. Position if you dey interested.

elemu:
@ People !!

UnityBank don rise 3 days in a row now. Abi make I catch that danfo?, The other once to leave me pass . What do you think?

Quote from: Belewu on February 13, 2008, 11:30 AM

Questions for the gurus in da house:

1. C & I - Bought at 9.39, price closed yesterday at 11.44 - Time to check out or still hold on? I go comot o.
2. Japaul - Bought at 10.61, price closed yesterday at 14.44 - Time to check out or still hold on? For wetin na? For when them announce allocation? . Spreadsheet profit dey pain o.
3. Any info if unity bank would be a good buy? - [b]It was never a good buy but me too follow buy. Na real high risk zone based on good result being announced before PO. Take the risk if you have the heart. If you are entering for the same reason N9 is still okay since you can still make 25% if wetin people think go happen.[/b]
4. Any info on where CAPOIL price is heading?
5. Any idea when share certificates for Dangote Flour are to be expected?

Na CICO i dey

I would appreciate any info on these

Quote from pumping
----------------------------------------
I don answer for d ones wey I sabi small for up.

easimoni:
@ pumping, You broke through the 1000 posts barrier and (as my friend Tony Kornheiser would say) "crushed it!" More grease to your elbow, _{but don't put a doji candlestick near the grease}

I concur: Skye bank looks like a winner. Can't say that about too many banking stocks now

Thank you many much.

I will make sure aktopgun candle, my elbow and your grease will not meet around the same latitude and longitude.  

blueband:
Risky,
I been like blueband well well as pickin.
I go find blueband company invest in.no worry!

Na how we dey take sabi a_je_bo.  Na pap me chop grow up.

windywendy:
Huh? You mean droping slightly from the current price after suspension? Well, in the words of one of my very good texan buddy, "that ain't never gon happen"  

You don talk am finish. Some things must rise and never come down. After marking Skye down for bonus, the stock has joined the high fliers after TS.

I read an earlier post in which it was said that every stock in recent times dipped before rising again after TS.

No be so o. See list below wey no gree follow that formula.

1.Costain
2.Aiico
3.Zenith
4.Platinum
5.Japaul

To come ,

1.Skye Bank
2.Ecobank
3.Sterling Bank (Sorry Spring na typo o )

Stock pass stock o.  

I talk say Afribank no go get anything to move the price as them don declare Q-3 too early to help the PO. Na different angle them come wan take follow o. This one na him them dey call tangible "rumour".

http://www.nigeriansecurities.com/shownews3.php?url=http://www.businessdayonline.com/investor/4231.html?print

*There are indications that the board of Afribank Nigeria Plc is contemplating a bonus declaration at the end of current financial year*

No be me talk am o!!! I just read am too.

@Roughcut - You fit don follow join the people for this forum wey dey see future o regarding your yarn on Afribank today.

ebony9ja:
Linkage,

I don enter am today oh. candlestick or matchstick! as long as this level of liquidity persist in the market, the only way i can guide against sudden shift na to have short time in mind. so my CICO na for only 1week.  10 percent profit after cost  deduction is good for me. so na to bail out on thursday if all goes according to plan.I don't need a soothsayer to tell me  stock wey don dey lose for the past week amidst excessive sectoral bullish run must surely turn back.

Nascon-  Una suppose know say Nascon no fit continue like that,  If you dey do CICO. i wonder while u dey expect  50% profit. CICO na strictly for short term in my dictionary. If you claim you dey do CICO for  stock wey u buy 6 months ago, na hyper CICO be that oh. The rule is not to be too greedy unless of course you get better backup like the recently declared bonus and dividend  for DEAP CAPITAL. with that you fit stay with the stock for as long as u want. no problems.

we know  say NSE is sweet but don't take it for granted. your profit can evaporate before your eyes as quickly as you make it. This time, its better you lower your exit threshold . If you dey make 10% each month, you know where you go dey by the end of the year- the level at which u operate notwithstanding.

Correct bobo. I dey like your style. The kind "gates" wey open for insurance yesterday and today na him them dey call oga ju. Na yakata I carry my whole body enter yesterday as I talk.

Na only one I catch sha but I no go complain. Na as I no wan take chances I follow chase the 3 together.

Yesterday na Lawunion.
Today na Linkassure and Prestige. O ga ju.

All na emergency CICO. Good possibility to exit in 1 week. E fit happen even before the stock go clear for CSCS!!

I don talk say no insurance o but wetin I go do when them dey open door like this   I hope say TS  no go punish me sha.

When I sabi candles like aktopgun, he go dey easier for me to catch this trend. For now na manually I dey find these stocks.

@aktopgun - I bin don forget that one wey you teach me that day. Na maribuzo or something sha. These stocks qualify for wetin I call maribuzo sudden-reversal. Catch am on the rebound  

Na true talk. 50% CICO na exception and not the rule. I bin don troway greed since.

RoughCut:
AKTOPGUN see all d 'katakata' you cause with your japanese speaking candles

I dey look for correct candles wey i go put on top of my son's 5th birthday cake any ideas? I want the ones wey understand english as the guy no understand japanese

LOL

I go die o!!! Na because today be Friday? Dem don finally conclude say I get problem for this office.  

LOL

yodiyokun:
loyal to who -opeke or Mrs pumping??

you better not allow @loma to remove shock for your legs that na free fall o!!!! tufiakwa

Na to Mrs. Pumping and my in-law fully and finally

Abeg if anybody sabi company wey dey make/sell candle wey dey listed on the NSE, na d next Japaul be dat o. Demand must outstrip supply.

Na by candle now o   Make you buy your own at a shop near you.

loma:
See as you PUMP courage for my bodi! You too much. One opeke for u to chop your NSE money with!

Abeg make you contact me privately. My brother in-law dey for this forum I remain loyal o.

No shaking for AIICO up till now. Na wa o but I'm loving it This is the darling of the insurance sector at the moment since it is TS-Proof. If the thing no shake till he pass N6 on Monday, I go come weak finally. Unforunately man must sell at a point. Aiico. I go miss you o  

Peugeot 504 na real correct car. If you see the way SCOA dey move unperturbed you go know say na correct suspension the thing carry join body. Chei!!! O ga ju!!

easimoni:
Woke up to 5 pages! Just caught up. My observations of the day:

[list]
[li]Zenith tested the N50 barrier and failed. FBN is struggling to keep it's nose above water.UBA will try (and fail) on Monday[/li]
[li]Diamond is going strong, closing at close to the day's high iwth 100M+ units. Dunno what this means in Japanese but my 'folio is smiliing  . Fo2, I go send u your cut. Publish your bank account details here.   [/li]
[li]Longman is not slowing but RT Briscoe is coming back into buy range[/li]
[li]C&I is now officially ridiculous[/li]
[/list]

I don talk am say CILeasing and Japaul na golden boyz for NSE. Nothing too dey but na movement you go dey see o.

Still me no dey invest on this kin movement so right now I no get any of either one. I don waka.

I no get Nascon o but why holders dey fear? Na for CICO?

You no go position for Q-3 and Final Year? Better thing must still come from Nascon.

I don get this stock one time see how he dey behave. Some people hate the stock with a passion. As Yodi talk na those wey buy for N22. See Dunlop now. After all those shareholders vex finish wan kill the stock, see where the price carry go. Dem go dey try worry the stock price but if result come good, nobody fit hold better thing for ground o.

Make he come down make I kuku carry some join body.

Na your money sha. Make una take the final decision.

loma:
Why your candle no talk yesterday?

I have to order my own candles from India sharp sharp.

Una no go kill man with laughter for here.

buzzgonz:
pumping777 - Bros no vex oh wetin be "PO & TS " _{*Scratching my head*}

PO stands Public Offer
TS stands Technical Suspension

You can read the link pasted by loma for more information.

Mr. Risky:
Don't know which gets better result - INSTINCT or TECHNICAL ANALYSIS.  I sent in a buy order to my broker to get me Deap Capital after mark down, but after reading someone here's opinion, it sounded right that I shouldn't go in yet.  So I cancelled the order immediately.  If I had listened to my instincts, I would be counting my gains right now. That aside, everyone makes this mistake.  The guy's reasoning too was rational. It can happen in a bullish season.

@Pumping777, please tell, how much do you know about this Deap Capital.  My knowledge to me is still scanty.  Please holla back as usual.

Me no understand the Deap Capital again o. The fundamentals will soon get very wacky. I suspect the push is to support the coming PO. I guess many will end up in TS.

Maybe many folks don't realize there has been a mark down and think the stock is somehow "cheap" when in fact the shares have been diluted.

I definitely won't be chasing this one. When the bottom drops, na wahala he go be.

bibiking1:
Abeg O!!!!!!!!
wetin people like me wan come be na?
if you na small boy that mean say i be feotus na!

LOL!!! Una no go kill man with laughter. This my 9 to 5 job dey on the line now with the kind laughter wey I dey pump for here

See as I come miss this Deap Capital analysis patapata. After the mark down the price never gree drop! I never see today's closing price but I won't be surprised if na another increase Carry go jo o.