₦airaland Forum

shigidi:
una dey vex ooooo, this thread dey fly. pumping, i remember when you had ONLY 12 POSTS AND I HAD 300. NA WA FOR You OOOO. I MUST CATCH UP
well done to all

I recognize. We go appreciate am if you come here more often.

You too spend time away from this thread na. Make we continue to enjoy more of your experience jare.

MACD buy signal on Vitafoam today.

Achika:
SORRY FORGOT TO INCLUDE THE COY'S NAME. IT IS THE ELEPHANT.

Ha. I come fear this sudden movement for this time o but FBN no be dat kin company sha. Your smile go dey very wide by now

Achika:
JUST CHECKED MY CSCS ONLINE ACCOUNT AND FOUND OUT THAT THE ONE FOR SIX BONUS, PUBLIC OFFER AS WELL AS THE RIGHT ISSUE HAS ALL BEEN CREDITED . I THINK THE RIGHT ISSUE MUST HAVE BEEN CREDITED BETWEEN YESTERDAY AND TODAY. THE BONUS AND PUBLIC WAS CREDITED ABOUT 2-3 WEEKS AGO.

JUST WANTED TO SHARE THIS WITH THE HOUSE.

Abeg which company you dey talk?

Prince11:
AKT/ Pumping 777/ ALL

At what price will the DEAP resist this deep fall,

Can I also assume FCMB will release 9mth result before people that bought form IPO arrived, costly assumption I think

I no go look d side till he fall below N5. If not, I go leave am alone.  Make una leave the stock alone sha o. It is expensive above that price. Lower is even better.

The volume today was very low. No buyers but plenty of sellers. Dropped max 5% from open to close. The margin made is too high by those holding the stock.

Folks will continue trying to sell which should help drive down the price. Some folks will also be buying thinking the stock is cheap because they don't know closure day is here. I pity those with open orders on the floor. Cyclers may offer resistance once the drop is major but I hope it gets to my target.

Mr. Risky:
Una see say Juli don trade more than 1,000,000 units today against 13 deals.  Aunty Juli what is moving your price  At N1.11 with a N100k you can get dozens of units.  Are you thinking of it?

I talk am say every stock get volume  

Na just at the right price.

Gudchoice:
I beg o!!! She I dey see double

How can Deap Jump from N10.44 to N6.87 !!!

A whooping 34% jump 9 trades and a volume of 321,000

Please enlighten me.

It is a taboo not to read previous posts before asking questions ke    A whole you for dat matter?

I just dey pull your leg but if you navigate back a few pages (maybe even this one) you will find the jist. I don type pass to answer the question sef. Make I kuku talk am again.

Deap must have been marked down for the 1 for 2 bonus. Today na closure date.

faketan:
Please Pumping, AKtopgun, yodi etc, make una helep talk to me. Wetin I go do for this kind gbese nah. my CSCS is showing a blank sheet. Wetin I go do?
I opened the account in January anyway. Does anyone know how long it takes before the statements begin to show.
Abeg make una helep.

Frankly I don't think you should panic. This is not a live CSCS account you are looking at. I had this experience with cashcraft when they were still my brokers. I did not see anything for a while. Since your account was only opened in January, I'd say not to worry. The broker may not have uploaded your status as at end of January at CSCS. Your best option is to access your CSCS account online.

Me no vex to SELL FBN at N51. I take d money (only half sha) buy something wey don give me 10% already and is not showing me any sign of stopping even after FBN does as it must very soon. .

oxfordkid:
what happened to DEAPCAP i beg BIG MEN OF THE HOUSE fill me in, wanajo,easimoni,fatherof2 etc i beg tell me

Ignore the posts on this thread at your own peril  Just kidding. But this na old jist.

pumping777:
Round 2 dey for Deap capital. Tomorrow they should mark down the price for the bonus. Those that did not sell by today will have stories to tell about evaporating paper profit. Whichever way sha, they will still make a kill even if they lose 20% short term. Deap na baba.

The price has been marked down for bonus. Get ready for round 2 jare.

dollyp1cute:
I am sure you did not seat on the cash when you collect na, you reach exit point ni so don't complain.

@Akptogun, no shaking I will only need oxygen mask if the price drops to N26. I no gree exit level na N38-N40.

Complain ke. Dat one na just on a lighter note. I never complain jare. Even if I sell at a loss, na business.

Unity Bank gave Stochastic and CCI buy signals on Friday.

Nascon also gave Stochastic and CCI buy signals on Friday.

I don't use TA yet sha.

Regarding Unity Bank, for those that are interested you can investigate further (I know Nascon is belated). The combination of this and the rumoured PO could be good for business.

African Elephant na the original king of the jungle jo. UBA and Zenith come be like wild cats for the jungle wey big bar dey on top them head. Na wa o. Investors wey wan buy the whole of FBN at any price never even look UBA or Zenith side. I go dash my own give my stockbroker o 

I dey find dat person wey buy my FBN for N51. I wan collect am back

Yes, I've really missed cashcraft. I prefer their tabulation of daily prices. I hope the performance issue is fixed soon.

upward:
Hello Pumping,

Please I sent you a mail.

First Bank is gaining 2.61 kobo on the floor, looks like it's still firing.

Replied you via chat.

Good for FBN. My interest is on how it will impact UBA and Zenith as I don sell my own.

Well, this is definition of greed. If you plan is CICO on FBN, remember that Madam Ndi will not call to inform you of when the price will stop rising or even start falling sef  

stanchuks:
To catch up with this forum no be moimoi  ooo, today way work no gree me

@Pumping777
Have visited nigeriansecurities.com? those guys dey fear you ooo, well them don help you add Transexpress for their list

Yes o. I see say dem don pity me. To be fair to nigeriansecurities, my experience is that they always respond to any queries or suggestions. Even when they don't agree with your suggestion they will still take time to explain why.

I thought it was intentional that they did not list some stocks. I was wrong about that.

no_shaking:
Red Star Express Q3 Result out!


RED STAR EXPRESS PLC
9 MONTHS ENDED DECEMBER 31, 2007

2007 2006 %CHANGE
TURNOVER N2.409b N2.075b 16
PROFIT BEFORE TAXATION N307.573m N228.406m 35
TAXATION (N92.2m) N68.5m 35
PROFIT AFTER TAXATION N215.301m N159.884m 35

Fair result! With Q3 EPS of 0.37, right on target to hit the N10 mark before the week runs out.

I suppose low nominal price and some renewed interest will do the magic. Otherwise, this result is a little below expectations. The company posted N148M in Q-2 so this is slightly short of the mark. The PAT growth rate of 35% is also just above average.

invisible!:
I understand that FBN is on net bid, does this mean that the price will continue to rise?

I am preparing to exit, only need to know when to.

Pumping, Aktopgun, Wanajo, Fof2, others comment please.

Not necessarily, only likely. First you need to know the volume of the net bid and compare with the daily volumes.

Other things to consider.

1. Some of the bids may be withdrawn since FBN gained the full 5% yesterday. Even some of the bids that remain may have bid prices below the closing price from yesterday.

2. Other investors will increase the offer today to take advantage of the high closing price from yesterday.

With so many scenarios that can play out, it is better not to be greedy. Set your target and exit. I already exited but I have no regrets if the price keeps rising. I already bought something else although I still have FBN in my long term portfolio.

loma:
SCOA Nigeria Plc

SCOA which is a company listed on the Nigerian stock exchange in the conglomerate sector did not perform very well last year, this can be seen from the just released results as its turnover decreased by 49.8 percent from N3.7 billion in 2006 to N1.8 billion in 2007.Its profit before tax was also down by 195.5 percent as it decreased from N860 million in 2006 to N821 million in 2007. The company recorded a loss in its profit after tax as it dropped from N867 million in 2006 to N705 million in 2007 signifying 181.4 percent change. The company closed at N5.29 at the end of trading on the 5th of february 2008.


With this result, why are people still buying SCOA?

Wanaj0 already shared the koko with you. You must have mixed up the latest result from SCOA becauase it posted a big profit though you are right it was with much less turnover.

If SCOA can sustain the current earnings rate (not even growing PAT) it will still be the cheapest stock on the NSE at least for the rest of this year at it's current price. It currently has a trailing PE of around 7.5.

Wanaj0 made 2 solid points and as always he was able to isolate the risk factors. I agree absolutely.

1. Is this sustainable? I tried to figure this out also but there are no clues. This is a very sudden turnaround. So the element of risk is there. However, in the short term, very good money would have been made even if the recent profit is just a flash in the pan. In Naija there is always inside info and the rate at which the price has been moving before the results was made public suggest some folks believe there is a a genuine turn around.

2. Did PAT include extraordinary items? Well, I have 2 sources that will normally include extraordinary items in an result declared on the NSE. None was included for SCOA so I am fairly (not 100%) that this is not the case and I hope not o!!!

Anyway by the time any of these negatives surface, I should have moved on if I don't get any more solid news from the company.

I've been locked up like Akon these last few hours and my punishment is the volume of posts I have to read to get up to date!!! It was worth reading as usual though. When I saw the number of outstanding pages I thought something dramatic had happened on the NSE and somehow I missed it!!!

My eyes are locked on Transexpr. The closing price on Friday was too much of a temptation. Could be a CICO stock but my focus is long term on this one but if CICO knocks who am I not to open the door. I consider it a stock to make US RICH.

SCOA nko? I know everybody has been silent on this because they want to buy first. Let me be the first to talk about it though I know there are others that know too.

As my broker has shown me again the stuff he is made of by getting me a sizeable sum, there is no need to hide the stock anymore. From my side sha. No vex if you still dey wait to buy your own. This one must make US very RICH. CICO or otherwise.

One other interesting thing to always remember. Many otherwise illiquid stocks fit get good volume. Na price go determine. Who sabi say Transexpr get volume? He don get now o as the price don rise reach.

Round 2 dey for Deap capital. Tomorrow they should mark down the price for the bonus. Those that did not sell by today will have stories to tell about evaporating paper profit. Whichever way sha, they will still make a kill even if they lose 20% short term. Deap na baba.

Aiico is not relenting but over 4M units sold today. I expect the run to end by end of this week or very early next week closer to N6. Opportunities may become available to enter after N5 sha.

At least this one is safe until share dilution.

Many Deap capital investors left the party for late. The register closes tomorrow for the bonus and many folks will be scrambling to sell as the price dips.

I expect serious depreciation after the stock price is marked down tomorrow and selling will be tough for a few days until the price drops some more.

An opportunity for CICO will present itself at some stage.

yodiyokun:
We talk am last week - this is shedding week for Insurance ooo.

anyone in should get out or else the paper profit will expire.

Meanwhile, I vote for Lawunion, Unic - I am yet to investigate Mbenefit.

Is there any news on LawUnion coming to the market? These two may still afford opportunity to enter if they retract by 20%.

I hear Lawunion is coming sooner than later. Food for thought.

Mr. Risky:
@Pumping777

What is your take on First Alluminium? And indeed the alluminium companies. Is there any govt policy in their favour under the new dispensation. I have been scouting for news, nothing seems to be found yet.

I don't have any news but based on the profitabilty trend, it should be a company you can reap from a turnaroud.
The company made loses of 28M in Q-1 and increased this to 170M in Q-2. This dropped to 42M in Q-3 meaning a net PAT of around 130M in Q-3. If this is sustained, the company should be in the black when the Full Year results are declared.

Of course there is no guarantee since there is no news so there is high risk associated with this analysis.

If they make it into the black, based on the low nominal price of around N5 now, I will expect a good rally of the stock price.

I think Aluminium Extrusion is a still a good buy. The only problem is that the volumes traded are very very low.

upward:
@Pumping, wanajo, FO2, ALL
please, how does one receive bonuses and Dividends of stocks you bought from the secondary market I've been receiving bonuses and dividends, but from shares I bought from the primary market. I just started doing secondary market last year and will need some clarifications from the guys that have been doing this for a while now. I have a CSCS account.

Your broker needs to confirm this. It depends on the address they are using for you.

If it is your personal address then you should get your warrants at this address.

Some brokers will do all your trades c/o their own office address so in this case warrants will be sent to your broker and passed on to you.

flakyy:
Pumping,

I sheath my sword, i guess i was unfair in letting certain things i should have addressed boil over to the point where i went ballistic.

Like going to megaupload where you in good faith posted some files , but was devastating in terms of malware and spyware on that one picked up from that site.  Also in good faith you made the list of outstanding shares available which had some errors here and there. I only know this cause of people on ground i can get the real results from.

These are all issues i could have addessed in a more civil manner, but was miffed at the malware and spyware issues from megaload on one's system

I am sorry.


Yodi-yokun. You are a bufoon. When people are trying to quench the fire you are stoking it. who are you tell someone to sharap.


Pumping accept my apologies, i over reacted,

But please everyone beware of megaupload, it is a den of malware and spyware.

Apology accepted. The ability to make ammends is a virtue.

No wahala.

Please be a final gentleman and apologize to yodiyokun. Na Lady o. No mind the vex tone.

Case closed from my side sha.

Back to stock issues.

Regarding outstanding shares, if you look harder you will probably find out that most of my figures are correct. I don't track listed shares only which is probably what your chaps on the ground are giving you. These are sometimes not important to me.

I include yet to be listed PO shares, Right issues, Preferential shares, debentures etc and even project 25% oversubscription for POs. Everytime I paste my figures, I explain this fact. In my original spreadsheet I have comments that explain how I arrive at these figures but I cannot share this since my identity is recorded with the comments.

The guys on the ground in NSE, SEC and the brokerage firms don't always have these figures so don't let them confuse you or convince you that they do. FSDH told us in December that Crusader at a forward PE of 5. Beat that. I take my time to compute individual figures from company corporate actions reported with SEC and sum everything up to get my tally.

Of course, all my figures can't be correct but I can vouch for most of them. If anyone jumps out at you as being incorrect, let me know and I can correct my sheet.

If you have a problem with megaupload, you may want to try a good anti-virus software with real time protection. I work in IT so I don't see any big deal with dodgy websites. The anti-virus softwares are ahead of the game. I even use sites like astalavista so what is megaupload.  I was also introduced to megaupload here and it is a cool way for us to send large files. I have never had a problem with it. When someone introduced us to Metastock and we found trojans, it was no big deal. We raised the flag and folks here helped on how to get rid of the problem at it worked and we were thankful. There is always a way round these things.

We are here to learn about the NSE and make money. Now let's get on with the business at hand.

Chei, now I don forget wetin I wan ask my broker to buy tomorrow

samenet:
Recently, there were comments on this thread as per Ts as it relates to the insurance sector,please educate me, why do I have to off load  insurance stocks because of impeding TS, I thought its much better to keep and when price goes of you can easily sell post Ts.

This is a bit tricky. It depends on what the general price of insurance stocks will be after these stocks come out of TS. Aiico is an example. By the time Aiico came out of TS, some insurance companies had appreciated more than 100%. That made Aiico a gold mine.

The problem is that many insurance stocks will be over-priced before they go on TS. By the time insurance companies start coming with their full year results, I will expect some disappointments which will pull down the prices. If you own such an insurance stock on TS at this time you may be looking at serious depreciation.

What I can say is that now investors on the NSE have no patience. People want to make money weekly or monthly and don't want a stock on TS that cannot appreciate in price. If you look at the insurance stocks that are currently on TS, these are available on the floor so don't expect all of them to experience the same thing that is happening to Aiico.

Personally, I don't need any stock on TS except it is a definite money spinner after TS. Based on the current prices, I can't really see any one in that category.

If you are a long term player, no problem. Just target the insurance stocks with sound fundamentals once the prices dip a bit and hold for a year. You should be smiling to the bank. Lawunion, Unic and Lasaco will be insurance stocks I will consider long term.

Pennywise:
@pumping But you've already commented. What are the options here sincerely? Beat him up? He is probably twice your size. Go to court? Naaaa. You have to shrug it off, be sportsmanly and keep your mind on the koko. This is even better than some cowardly folks experimenting with laughable forms of crude sniping. Better not to heat up the thread.Keep it going.

I said I am not commenting on the substance (or lack of it) of the post.

What has size and going to court got to do with it. Please focus on the issue here.

I can't be afraid to speak my mind when someone says something absolutely untruthful about my post.

If I or anyone for that matter says that the data being churned out by Zenith is sometimes wrong, is this a criticism? Did I attack the company or just commented on the end result? We had the same comments about TRW in the last couple of weeks. Did anyone hit at someone like this bloke is doing? This was not a general post. My name was repeated over and over. For what?

I was one of the first to tout Nigeriansecurities on this forum till folks said they suspected I have some interest in the company.

Do understand the point that is being made. The jist is wrong and offensive at least for me that has my name splashed all over it.

See the ONLY comment I have made on this below in bold.

--

--------------------------------------------------------------------------------
Quote from: dollarmani on February 08, 2008, 05:17 PM
if you want authoritative source of a result . zenithsecurities and nigeriansecurities is where to look. Those two entities are on a different league of their own. I have noticed that TRW rushes to put out results and therefore have a lot of mistakes. Nigeriansecurities howver because of their focus been on accurate data because they are about tools and the accuracy of their data.

TRW have nothing to loose when they publish inaccurate data. They may be the first. But Nigeriansecurities and zenithsecurities are the most reliable. Infact i have never seen both of them differ on any result


Unfortunately even Zenith is not accurate. At least I have seen some errors from yesterday. Zenith has Transexpr closing at N3.60 instead of N3.80 and to think this is the data I use for Metastock and Aptistock. Na wa o.

The main problem I have with nigeriansecurities is that they don't have all stocks listed on their daily list. As an example, Transexpr is not on their list.
  -------

So where is the almighty criticism?

flakyy:
I just don't understand why people are different from what they are meant to stand for and what they project when they are on a forum like this where everyone is faceless. Pumping and company why do you have nothing good to say about all this sites that are doing a good job  inspite of the limitations of operating in that environment. What i perceive your belief system is is not a proponent of tearing down oo.

Pumping and co stop badmouthing these resoureces. Zenitsecurities is a great resource. Who is the authoritative source that makes zenithsecurities wrong. Its wrong to assume that because this are entities you cannot identify individual with, you should run them down. What makes you the authority to comment on zenithsecurities abilities as regards right results. Lets even leave zenith and say you are angry at them because they are not an "NGO" that provides free service, haba if you have any probblem with a small company like nigeriansecurites that are solvoing problems no one has been looking at, why don't you let them know if you find a problem and stop projecting a negative image of them.Please pratice what you depict and speak life.

For your information zenithsecurites if you use them for your  trades are darn good. You also don't know of the gallant efforts they are at the forfront of in terms of pushing policy that will help this market and all of us eventually.  For your information, they provide better tools than the aptistock and metastock that make you feel like einstein
I also did the right thing by emailing nigeriansecurities of your run down observations. They promptly fixed it and were appreciative of been fed back.

Lets use this forum to engender growth of not only individuals but companies that are at the forefront of bringing efficiency to this market

BUILD UP AND NOT TEAR DOWN

enough said   

Sometimes I wonder how people get to read and write without being educated along the way. 

It is the facelessness of this forum that makes it possible for YOU to make this kind of irresponsible blanket statement.

On the subject of your post, NO COMMENT.

dollarmani:
if you want authoritative source of a result . zenithsecurities and nigeriansecurities is where to look. Those two entities are on a different league of their own. I have noticed that TRW rushes to put out results and therefore have a lot of mistakes. Nigeriansecurities howver because of their focus been on accurate data because they are about tools and the accuracy of their data.

TRW have nothing to loose when they publish inaccurate data. They may be the first. But Nigeriansecurities and zenithsecurities are the most reliable. Infact i have never seen both of them differ on any result

Unfortunately even Zenith is not accurate. At least I have seen some errors from yesterday. Zenith has Transexpr closing at N3.60 instead of N3.80 and to think this is the data I use for Metastock and Aptistock. Na wa o.

The main problem I have with nigeriansecurities is that they don't have all stocks listed on their daily list. As an example, Transexpr is not on their list.

Nimshi:
Plainly speaking: NAMPAK cooked the books.

And then proceed to fry it

invisible!:
@aktopgun, nice explanation, very clear indeed.

But you know using touchdowns here for some of us that have never watched American football will be a little confusing, does it work the same way for soccer, say substitute the touchdowns with goals and goalposts?

You too correct

@ aktopgun - you sure say you no be professor of technical analysis?

You are too much jare. You even make the thing come become interesting.