₦airaland Forum

Make I remind una of 2 of the golden stocks from last week. Japaul and CILeasing. Na to award them golden globe awards.

For now, these stocks require no analysis. If you did not buy your tickets at a cinema near you last week, I will have to tell you about the film. Fine actors I heard.

beginner:
Hello every one

Afribank - I was one of those that entered at 26.61 but I am not sure this stock is going anywhere based on some analysis on this forum. Is it time of off load and count losses.

You want to dash away your profit. The off loaders will soon run out of steam. Small patience and you will collect your profit.

upward:
no mind Fatherof2, he left me behind and cruised away with the UACprop jet, anyway no be all flight person go fit catch,you actch some you loose some. Carry go FO2

The man talk am last week o. With all the luggage wey him carry enter the plane he no go fit carrry passenger for head too.

oshkosh:
For Air PHB, I think say the best time to open parachute na today @ 32 when plane dey over Abeokuta. Any extra mileage to Lagos Airport for safe landing na jara. Panic selling fit pull the thing enter 20's tomorrow. If my broker no execute my mandate today @ 32, na one trouser me with am go wear be that

Well, if your limit price was N32 your chances of success become limited and you can't really blame your broker. Anyway, I hope you sell. Today will not be the best day. I will sell above N32 very soon. I like guaranteed "jara".

FatherOF2:
20% profit on UAC prop. in 1week.

See easymoney.

You talk am. I hope you carry some nairlaand passengers enter with you.

oshkosh:
Does anyone have Q1 result for Skye Bank and the Outstanding shares (excluding current PO shares) please?

Looks like this one is being fuelled for take off oh

Just place your order. This one na small aircraft and no standy passengers.

Q-1 Result   Turnover/PAT - 12.5B/2.8B
Outstanding shares without PO shares to be listed - 7.5B. (I don't know why you want to use this figure sha)

Even with the PO shares and 25% oversubscription, the forward PE is around 17. Chei!!!

FatherOF2:
@ CAPTAIN

  I just see one bird hit our left engine oh,but nothing happen.Problem no dey sha,i trust that RollsRoyce engine.
Na peolpe when don see quick money na e go scare the bird when hit our engine.

I talk am say a gradual loss of engine power is expected but l no worry at all. I go kick in the reserve engine for safe landing by Thursday/Friday.

crazyT:
I knew when you sold yours and I was contemplating to sell mine too but my broker told me to wait that something better still dey come.

That’s probably the first time I listen to her and am now am happy I did.

And don't forget to show your appreciation. (Not by text message like someone said on this thread sha)

Afribank will have a tough time holding on to yesterday's gain but if it pulls it off today coasting should be possible already this week.

blueband:
I hate been reminded about Japaul.Sold at 8 naira just a couple of weeks ago.

And of course made profit which you forgot to share with us   Enjoy your gains my brother.

iconbull:
pumping i can see your views on the global market.i pray this mutual benefit will live up to its name. i mean benefits for everybody not a solo PHB flight that has refused to descend.i entered 32.5 today

That is high. N31.50 would have been a reasonable limit for today. I expect the price today to range from around N31 to around N32.50. The stock will probably end up with only marginal gains today anyway or even a loss so you should be able to get around or below the median price.

The loss does not translate to panic though if it does happen.

husu:
@ Pumping,do you mean today is the entrance point for mbenefit,or do i still wait for a small fall.

Today should be a good day. If it falls again today you may benefit by buying at a lower price than yesterday's closing price and it is more likely your trade will be executed. Also, if the price falls today, I will expect a turnaroud by tomorrow or latest on Thursday.

invisible!:
@ pumping, the global economic crunch will affect NSE minimally. What do you think the entrance of some foreign market players into the NSE will be? Negative or positive?

I did not use the word minimal but you will see that it is exactly what I also implied.  I just don't agree that we are 100% immune.

I know the first thing many people think is that if these markets crash then the funds will move here. Good logic but the problem is that the our market is still TOO small. I believe I read somewhere that the capitalization of the entire NSE is about the same as that of McDonalds.

So while foreign market players will boost the market positively, there are other negative impacts of a recession in the US and other matured economies.

Bringing funds into the capital market to chase few stocks is one thing but creating econonic activity which is the stimulant for real economic growth is by far more important.

iconbull:
@
i don't think the global recession in the capitalmarket will last beyond 2 weeks.despite all that our dear NSE is immuned.

1. I think it will last for more than 2 weeks. There is serious loss of investor confidence.
2. The length of time does not really matter since there is no restriction on the amount of value a stock can lose or gain in a single day like we have on the NSE. Imagine some stocks losing like 25% or higher in a single day. These markets can crash in less than a week.
3. NSE is not 100%immune. Nigerian economy prosperity is also linked to globalization. NSE will not be hit hard but some impact will be felt. Many of our banks for instance have looked outside our shores for investments. Good returns from such expansion plans are threatened. Also imagine that facilities such as loans and grants from foreign govenments or institutions will be affected. These all have a role to play in stimulating the economy by creating jobs or domestic demand for goods and services.

upward:
@help me,

Before you harrass you rbroker, let's get somethings straight. Maybe we may not have understood you completely either because you've not explained well. There are instatnces where your stock can be on "pending" for instance if you bought from the secondary market and it hasn't been up to 3 days, if you log on to your CSCS account(which all brokers have, and where they see the status of your shares) it will show "pending" for that number of shares, until CSCS has cleared it and it now moves to the column "balance". This also happens when you send in your certificate for verification, once your certificate has been verified and is lodged with the CSCS, you will see it on the "balance" column and it's only then that you can sell such shares.

I hope this helps, just my 2 kobo.

This explains"pending" status in your CSCS account. If you click on the stock, you get the details of the trade that has changed the status to "pending".

In your stock broker's account "pending" will usually mean that the trade has not been executed. I think this is the situation of help me.

The party for Mbenefit should start today preferably with another drop. Check it out and if convinced, pick up a ticket at a box office near you. Make your hotel reservation for about 1 and a half weeks. Unfortunately I will be unavoidably absent at this bash.

Interesting thing. Mbenefit has only appreciated by about 30% since the release of the consolidation funds. This is very small compared to other insurance stocks that have done 70% and over.

RoughCut:
i[b] wan follow Pumping stop small for mid-air refuelling yesterday [/b] but i decided against it i still dey seriously on board just go inside the luggage compartment to check say my 75,000KG luggage still dey kampe!

A beg where ololufemi dey sit sef window or aisle?

As i don dey married now wifey go vex if she come know say i dey 'chat' with air hostess so i no follow go gist with air hostess o

My reference to refueling na just to say the price fit see downside for some time on the floor yesterday and not stay on 5% max gain all day.  Some may have offloaded some luggage at that point. Not me sha. I no offload nada from my luggage rara till I reach cruising altitude and then ejector button one time! Swoosh!

easimoni:
Pumping! You're no longer an fundamentalist? Afribank has 11.13B shares (assuming the PO will be 125% alloted) and a projected PAT of 11B, giving a forward PE of 27+. I know CICO is sweet but I wouldn't apply it to the more expensive stocks. Too much downside in Afribank for me.

Ha. The leopard will not change it's spots o. I still stick to my fundamentals but won't miss an obvious CICO opportunity. I even have 30 as my forward PE since my projected PAT is 10B.  I bought Afribank at a forward PE of 29 but you probably won't find me with the stock by next week.

I don't see too much of a downside in Afribank after the dip to N26. Look at Access as an example. The forward PE was as high as 40 before the Q-3 results and even now the forward PE is 33 and the stock is still on an up trend.

UBA is the best bet for me in banking right now and I am up to my neck in it. Afribank na side betting.

Prince11:
AIICO, when will the market open,

,,and UBA still dey confuse me   why is the price down, what is the expectation in the short  to medium term , make una answer,  

, by the way, I dey on board this Afribank flight,

UBA jet has some slight engine problems. Be patient. Some turbo jets will soon be released to aid it's flight.

invisible!:
@pumping, I got my Afribank last week, thanks man. Only I didnt hear the stock is on bid

Look at the daily stock position delivered by Kpineo and NBA to see that Afribank is on net bid.

upward:
@pumping,
i wonder how full this our PZ flightis, because the less the pasengers the lighter and more room to relax in the craft. But I hope it has as much momentum like the PHB turbo jet, so that we don't crashland. BTW who is the captain for this one?

Funny enough I did not board this flight. Instead I have put all my eggs in one basket of Afribank with each egg costing N26.16. The only fear is that any turbulence can break the eggs but the Captain has assured me of no such surprises.

Ha. So did this market catch anyone napping? I know una all dey too much to allow that to happen.

Let us recap from last week.

Afribank - Did you get your bonus at N26.16 at a store near you as adviced? This is just history repeating itself. Rinse and Repeat. Now the stock is on net bid. Let's not be caught napping again. and again.

AirPHB - I took permission that I will be pausing for some gas today and I did at N29.60 per gallon. Now I have raised altitude to N30.98 and I still have net thrust. Traders against Fundamentalists. Fundamentalists always win. Long term buyers don't worry about paying 5% premium. 

The Captain told you to wait for your 25% and you were shaking. Please hold on tight. Slight turbulence ahead but we are holding steady for a couple more days and not going back near TS altitude.

help me:
You are telling me,she is lieing to me,i will call her tomorrow to sell and she should not lie to me.She forget say i get my invisble and best brokers for nairaland.

You have to be careful here. The fact that the price of a stock rose to your offer price does not mean it should have been sold. There may not be enough demand available at that price to mop up the shares of everyone that offered at your price or even higher. Most sales for the day may have been at a price below your offer price.

The same thing applies to when you are trying to buy. You may not get the stock at the lowest or near low price of the day because there may not be many traders that offered to sell at that low price.

As much as you can, be practical when setting a price cap. Asking your broker to sell a stock at +4% of today's closing price for a stock tomorrow that is not on a serious bull run will usually lead to disappointment. I paid the price for example when I offered to buy DeapCapital at a limit price of N3.90. I still do this but I don't complain when my order is not executed.

@upward - I dey your side and I'm checking my fuel level on the Bank PHB Turbo Jet. I may need to make a small stopover today to top up but it won't be for long. Don't get off the flight then though because the terminal building is still some distance away.

hispy99:
UBA increases share capital by the creation of 3 billion additional shares.

Elumelu denies that they are coming to the market soon but that the increase was done in case of any "eventuality", what ever that means.


http://www.proshareng.com/myproshare/portal_news.php?id=3497

I think it means BONUS if we do well this year. If Q-1 momentum is maintained, DPS of up to N2 and bonus shares will not come as a surprise. If they are increasing it now, I think they plan to use it this year.

eniyanman:
@pumping,
the consolidation ended in 2005, they wrote off the goodwill in 2007. their "fortunes" seems to have changed drastically within a short space of time and I cannot pin-point what this is attributable to, (could it be creative accounting)
my comments about mr smith is that being a small player without a niche, i would expect a chairman with extensive experience in either financial markets or business/organisational change. Basically someone who has been instrumental in bringing about change. I don't see this in him. I'm open to persuasion though

Regarding Afribank, its price was N11.51 in July, suddenly, it jumped to N30 in August and remained there still PO. This is strange (looks like it was being artificially supported). Before I buy POs (of shares I have reservations about), I check what the price was 9-12 months before PO, if that price is above PO price, I will consider that stock. One must be careful about manipulation of share price just prior to PO.

Bank PHB and Japaul would have failed based on this system. You need to look at each company individually.

Practically all the companies manipulate prices upwards before a PO.

eniyanman:
@pumping,
i still remain sceptical of skye bank (difference of opinions is what make markets). i'm going have to think hard about this before investing. they've written off about N2.5B goodwill in the 2007 accounts and i think they are highly leveraged,  i wonder what value skye bank will derive by having musiliu smith as chairman. i'll end by saying in a bull market, a rising tide carries all sails,  good luck

All the banks that merged wrote off goodwill. Not a big deal. Rising tide? So how do you explain Afribank?

What is wrong with Musiliu Smith? Government connection no bad now.

faketan:
Please gurus let there be ceasefire

And there was ceasefire.

Has this altercation been listed in NSE? What is the IPO price. If not make una shelf ama abeg.
Wanajo, et pumping et aktopgun.

Though I guess you are all smiling. Na gentleman stuff sha. Easyyyyyyyyyyyyyyyyyyyyyyyy

I knew I was trespassing with all that politcal jist on this thread. Abeg back to NSE jo.

aktopgun:
@pumping

nigerians in the diaspora aren't the only ones making money on the NSE. So do nigerians at home. How do they give back? My bet is that they don't.

each individual has to believe Nigeria and her people are worth giving back to, which i do. We shouldnt forget we are all citizens of the republic and must therefore be part of the solution to our country's problems in our own way, each in his own time.

nuff said. Long Live the Federal Republic of Nigeria!!    

I'm definitely with you here and I don't believe Nigerians in Diaspora have a special responsibility beyond that of Nigerians at home.

The history of developed nations show that there have been times when they are much worse than we are now. It is usually the voice of the people that force the leaders to do the right things. I'll do my best and leave the rest. Ok. I give up. No more political discussion for me.

***Our prayers remain with Tobechukwu and we eagerly await your testimony. It is well.

eniyanman:
@pumping
i can't see how skye bank's offer can be termed juicy. my understanding is that it is one of the smaller banks in nigeria (i think it was a last-minute amalgam of some relatively weak banks, it's not opearting in any niche market and i don't see many outstanding person on the board/senior management who could be the motivation to invest in them (like utomi). you get my drift. have i missed something

Ha. Skye has a scoresheet which you can review. Real numbers. I am not swayed by the Q-1 results so I will even discount their projections. Even at that, they are fundamentally sound. Yes, they have amalgamated but they have come out strong and the numbers are there to back it up.

If you are a PO lover, the discount is genuine and significant. The projections in the prospectus are very achievable. The bank owns 51% of Lawunion. Did you say something about the board?? Because you don't know them now? ? Soon you will. You have forgotten that the young shall grow.

@wanajo - You have spoken very well.

Anywhere I am asked to pay tax, and it is legal, I pay, Naija included. Yes, we don't have light and roads, but it is my country and I really can't have another one. Foreign passport or not. I pay first and complain later. Charity is also a very good option. Think of many Nigerians that are starved of the opportunity of quality basic education because of poverty.

I truly agree that if you make money somewhere you should give something back.

Some of us are on our last lap and heading back to the motherland. Naija rules!!

alliednetw:
On AFRIBANK
Be aware that 100s of millions of shares of this bank were sold for as low as 20naira thro cross deals on the seconadry market while the PO was on.These were said to be part of what AIRPHB BOUGHT IN THEIR BID TO AQCUIRE AFRIBANK.Those selling now must be those who bought for that low.Who knows how low they are willing to go.

alliednetw:
On AFRIBANK
Be aware that 100s of millions of shares of this bank were sold for as low as 20naira thro cross deals on the seconadry market while the PO was on.These were said to be part of what AIRPHB BOUGHT IN THEIR BID TO AQCUIRE AFRIBANK.Those selling now must be those who bought for that low.Who knows how low they are willing to go.

Very shady. To imagine all the so called reputable Nigerians that went canvassing for the PO after folks showed no interest. It was seriously overvalued and the discount compared to the floor price was minimal.

So unsuspecting folks would have been buying the PO at N25 when some folks were selling to themselves on the floor for N20? Na wa o.

BTW. I know Wanaj0 already mentioned SKYE so you heard it first from the Oracle.

If you are a PO candidate, the PO is juicy in my opinion and the stock is another one that will be launched on a jet liner after TS is lifted. Get some when you can at a store near you.