₦airaland Forum

hispy99:
Latest Market Info
NIG-GERMAN: 3RD QTR SEPT 2007

NIGERIAN GERMAN PLC, UNAUDITED RESULTS FOR NINE MONTHS ENDED SEPTEMBER 30,2007

TURNOVER 07 N2.117b, 06 N1.982b

PBT 07 N206.822m, 06 N166.140m

TAXATION 07 (N62.047m) 06 (N49.842m)

PAT 07 N144.775m, 06 N116.298m

This looks like a poor result considering Q-2 PAT was N119.5M but maybe it is in line with the quarterly trend.?

easimoni:
This did not show up on my FSDH report. Thot you all might want to know. I guess Wanaj0 has been warning us regarding Ins coys that merged or sold to private equity concerns. I'm sure more of this will follow in that sector. Cornerstone shares now up to 9.56B

Wow. Interesting. So where did you get this update from? I will see if Meristem provides the update today. Just worried about how easy it can be to lose tract of the right figures for this ins. cos.

ebony9ja:
Deap capital.
According to the prospectus, total outstanding shares was 462,766,022.  total shares on offer was 490,957,376. Although it was a bit oversubscribed. Not all the shares were alloted hence the reason for the returned money.  The actual shares is 1B after allotment and not 1.5B,   There is a provision for bonus of 1 for 2 this year, and a dividend of 13k if not more,
 
Statement below is from an insider- MD had a meeting with staff last december and he promised to do the bonus . Apart from that, there is going to be another meeting this Monday-- expect the result end of this month,  I will advice you guys to start buying if you can get it. If they announce the result, you may guess the direction of the stock. We all know it can be 'painfully' too late to buy then,
anyway, will let you know the outcome of the meeting by Tuesday .

Something in the PP prospectus. 1.49B shares are expected to be outstanding in 2008 and 2009.

palemoon:
@all
I bought unity bank at 6.70 last year and I am considering selling it off this week. Is that a good idea?
Thanks

There are rumours of a PO in March so you may want to wait to ride on a likely rally.

iconbull:
@pumping777
the deep pocketed oga mi ,how u dey,do u think a rumour of bonus is enough to enter, deap capital or hav u done otha fundamental/technical analysis. i heard eps is 20k. kindly reply o

I dey o. How body for there? Na water dey inside my pocket o.

I posted some data on the fundamentals yesterday. It looks good. I will wait on ebony9ja to make the rumour stronger.

bibiking1:
@ ALL
can anyone please tell me what JULI a second tier market stock is into!
i tried getting information online about them but each time i hit a roadblock

Juli is a pharmaceutical company (Juli Pharmacy) but please take your money elsewhere. For a start you should note that the stock is hardly ever traded and when it is the volumes are low and usually only one deal. Only once this month has there been more than 1 deal a day. 4 deals. There has been no result for several years. The latest one I can find is from 2004 and the company declared a loss. Same with the previous year.

The "owner" of the company is a former health minister though he had set up the company several years before he became minister. As far as I am concerned it is a one man PLC. Unless you hear the company wants to come and do a PO don't go near it.

ebony9ja:
Deap capital.
According to the prospectus, total outstanding shares was 462,766,022.  total shares on offer was 490,957,376. Although it was a bit oversubscribed. Not all the shares were alloted hence the reason for the returned money.  The actual shares is 1B after allotment and not 1.5B,  There is a provision for bonus of 1 for 2 this year, and a dividend of 13k if not more,
 
Statement below is from an insider- MD had a meeting with staff last december and he promised to do the bonus . Apart from that, there is going to be another meeting this Monday-- expect the result end of this month, I will advice you guys to start buying if you can get it. If they announce the result, you may guess the direction of the stock. We all know it can be 'painfully' too late to buy then,
anyway, will let you know the outcome of the meeting by Tuesday .

Ha. Thank you for this. Since only 1B shares were listed the figures did not add up to me. I missed my order on Thursday because I bid N3.9 .

Please don't forget to update us on the outcome of the meeting o. If you send me the conf call details, I am too happy to join

@easimoni - I beg look at these figures. You know you are the doyen of outstanding shares _{and even better things}

wanaj0:
Afrinvest was $100k but may reduce further based on my discussion with them yesterday (went to their office for the first time).

Is the discussion to reduce the entry  point for you in particular or general consideration?

I am interested but will not want to commit more than $50K  

wanaj0:
In NIGERIA, anything can happen. Fidson PP I learnt was oversubscribed and money will be returned!!!!

Not sure the meaning of the bolded portion.

Learnt that the MTN placement is on. Hopefully, one of the brokers will send the offer document. Was however told that listing on NSE will not happen until about 3years. Moreover, there may be no dividend payment. But at listing, expect huge profit. So that one na real LONG term by the definition here.

BGL is accepting minimum of $200K for it's investment vehicle for MTN PP. Make I make way for the big boyz and galz.

Regarding Oceanic's outstanding shares, Meristem came out with 25B shares. I can't figure it out. Any debt conversion or preferential share listing for Oceanic?

-----------
OCEANIC BANK INTERNATIONAL PLC -- New listing
A total of 10,579,362,588 Ordinary shares of the Bank were listed today at N16.50k following the
conclusion of the Bank's Public Offer for Subscription and supplementary Shares alloted. This brings the
Bank's total shares outstanding to 25,131,878,869.25 as of date.
------

@shigidi

Welcome back. For where you bin go hide?

Projecting PAT. I think it all depends on personal preference. I use both and I tend to stick with the lower figure so far it is reasonable. Based on this, the forward PE I have for Oceanic is around 18.

@easimoni - no word back on the Deap Capital query from yesterday. As predicted the stock made a rebound today with 5% gain. My bid was too low and I missed it yesterday

kpineo:
@pumping777
one must wish for the best. but with the way boys are eargerly awating certificates, bros anything can happen.

I feel you on this one. 2 more major drops will land the stock in the basement. I don set up tent there with a make-shift on the ground floor in case the elavator go jam for there 

kpineo:
Bros you are just after you profit  from PHB no doubt. Am 119,650 units strong in that baby, but still small juju for the silent readers and the likes of Wanajo.
@Father of 2
just read you post. thanks for looking out for a brother.
totally loyal. give me your enemy them address, i go deal with anybody.
Am thinking with the result of PHB after this initial profit taking rally. when the price drops it might be a good candidtate to reenter while awaiting more results as the PO shares will not be listed for a while. If oceanic should hit 25, i think it is another must enter for the medium term.
@all
Like ololufemi said, go and buy PHB

As all of us don strategize for this Bank PHB post TS, I hope we will find folks that are going to buy o If na to bring them come from moon, it must happen!!

Somehow I don't see Oceanic dropping to N25 but nothing surprises moi on the NSE. That will be juicy; short, medium or long term.

ololufemi:
@ All,

PHB, strong buy based on the result.

Happy hunting for it.

The forecast in the PO prospectus was 16B+ so I feel this just meets expectations.

Of course this result can still prompt even further interest in the stock and getting it while on TS now will be near impossible since TS will be over soon.

walcolm:
can anybody point me to the access bank allotment break down please. been trying to find it without luck on earlier pages

thanx

I megauploaded the Access Bank allotment here,

http://www.megaupload.com/?d=2DY0H1ZB

grabdaloot:
@ all,

something funny happened over the last two nights on the NSE site, The # of outstanding shares of LONGMAN increased from 173m to 813m while that of LIVESTOCK decreased from 1.1b to 526m. VONO was also affected. There might be others but I've had my radar on these three for some time. Does anyone know what exactly could have happened. Cos if true the Forward PE of LONGMAN goes from about 9 to 52 while that of LIVESTOCK goes from about 36 to 15. Is someone delibrately trying to mislead other peeps. I've looked at the 10 year history of the NSE, I can't see any evidence of PO or rights issue for LONGMAN. Save for a 1 for 5 bonus in 2006
can't seem to see where the additional 500m+ units would spring up from. Anyone with an explanation will be highly appreciated.
Thanks

Anything you find on that NSE website has to be validated. Generally the outstanding shares listed for companies is not up to date. Livestock has 1.2B shares. There was no reconstruction and NSE did not withdraw shares from existing shareholders. I have about 176M shares outstanding fo Longman. If any of these has changed, it will be announced on the floor of the NSE.

damoche07:
No wonder it has been on Strong bid for the last few weeks.Missed the rocket.hope to join another rocket.Which one i don't know.

Cos of my aversion for PO's,i didnt even bother reading PHB's prospectus in details.Are they going to allot the new 5billion shares in the current finacial year or not?

Yes, this fiscal year.

@krush - If you are talking of volume raised, then we should be talking about Zenith and Oceanic. UBA will not be in the same category. Let us just bear in mind that there are other sources of raising funds and at least we know UBA is tapping into this so I am not saying UBA is short of funds.

As far as I'm concerned the interim results of UBA, First Bank, Zenith and Oceanic are all in the same region plus or minus. It is the fundamentals that differ due to the number of outstanding shares.

Zenith can currently complete with these other banks with it's current balance sheet. With this new PO they will really have an edge in terms of funds raised via PO.

Krrush:
@pumping 777

@any takers on-line

What say you sir,about my theory that Zenith's "beating" in terms of relative profitability/greater earnings amongst recent Q results of its peers,is only a reflection of the fact that the others have had more time to utilize the huger funds avalability post PO.

In other words,subsequent Q results should reflect for Zenith,a catch-up to its peers' sterling results.Dont you think?

I don't know if this is a valid theory. If I recall correctly, Zenith's last PO was around February 2006 while that of UBA was in March 2007 so Zenith has had more time.

This new PO by Zenith na "jara".

That apart, what do you mean by catch up? Zenith is not lacking behind now. They have declared the highest Half-Year so far even ahead of First Bank.

@omoba3  - You disagree with me come follow with  . Sure say you no be politician? 

Anyway I don't know why you disagree. Do you know how many units I will buy? I have told you the caveat. Don't buy too many units. As an example don't buy more than 5,000 units of Zenith in each tranch. If you need 5 million units, be ready for 1,000 applications. This is unreasonable of course so be reasonable and apply for less units.

If you have 5 names, you can conveniently go for 25,000 units of Zenith. It is not a lot but it is reasonable to minimize returned money.

As an example I subscribed for 35,000 units from the First bank PO (dumb decision) and got only about N170K returned in total. I am not complaining.

It would not have been smart if I was looking for 100,000 units from the PO. If I needed more I should have gone to the secondary market or organized more children (and spouses if necessary) quick quick .

Acorn Petroleum

The projection is that PAT will increase from N2.98M YE June 2007 to N105.26M YE June 2008. This is within 1 year even though more than half of the fiscal year is gone already?

They should back it up with Q-1 result for 2007

Acorn Oil PP Prospectus

The projections look too good to be true.

http://www.megaupload.com/?d=OY61BRN3

Enter the characters in the text box and click "download".

Here you go guys

http://www.megaupload.com/?d=OY61BRN3

Enter the characters in the text box and click "download".

bigjay01:
Pumping na lie oooo i deployed this strategy for Dangote Flouur (bought 4 myself, wifey, son and my baby girl), it failed woefully, all I got is a kick in the b***s. I don't mind the long term if I get what I ask for.

Ha. You did not digest my post well 

Since you are buying so many units, u need to increase your family size I come from a family of 8 kids. My Papa or Mama no fit get problem with oversubsription lai lai

On a serious note, note that I also mentioned that you should not buy too much. Splitting 1 million units of Dangote flour in four tranches is no good.

I know someone on this thread that bought Aiico in 13 tranches for only 2.6M units. That's the way to do it if you are so concerned about oversubscription.

Who knows the ratio for the rights subscription for Deap Capital and also if the price is N1 per share?

For those complaining about PO oversubscription, I don't understand it. This is already a known fact which you should figure into your calculations. Buy in multiple tranches and don't buy too much. Simple enough so you don't scream blood when money is being returned.

Consider it long term investing. Buy for your spouse and your children. This is easy enough. Have more children if necessary

@ ololufemi and yodiyokun

Una don start. Make you let the price drop finish before talk go enter

Ololufemi, see how your eyes have carried Lawunion back to the 2nd floor instead of it's destined ground floor. I go vex o

wanaj0:
While I get your gist, the issue is not a long term or short term matter.

People put money into Transcorp long term (PP) but you can see that those that bought the PP are in the red after 2 years!!!!

People bought OandO for long term during the PO and Rights and for almost three years they were in the red. People just need to know that whatever strategy that they use fit their risk profile!!!!! That to me is the key. Because we are also different in terms of age, status, investment objective etc, it is difficult to make a 'general' recommendation to someone without knowing those information. That's why financial planners general sit down with you to know you and understand your objective before recommending products.

No startegy is wrong once it fits your risk profile. I know people that are hyper active so they cannot just wait without seeing movements on their portfolio. It fits there personality and risk profile so no wahala!!!

The point I am making is that mulitiple strategies work. Long term, short term, medium term. Whichever one pleases you. On the other hand short term trading has the potential for higher returns but involves higher risk.

As a long term investor, it may not matter much if you buy First Bank at N40 or N45. For a short term trading this margin may mean the difference between profit and loss.

ololufemi:
@ Risky,

Why wait that long when it is not a trust fund. Used mine for FCMB and oceanic and made average of 34%. Reinvested in UBA and awaiting the outcome.

Like wanaj0 just reminded us, everyone's risk appetite is different. There are long term investors. It is also a strategy that works. One thing I can tell you about short term traders is that they rarely share the experience of their losses.

You can make 34% short term but you now have to put that money somewhere else and start sweating it out. The long term investor is not in this same game. If prices go up unusually, long term investors can take profit but this is not the plan.

Ije ngala:
MrRisky, nice list. I were u, i would add Julius Berger to that list and remove Nig. German Chem which i think is quite high already!

Please share the logic of this recommendation apart from the price of NGC. The list is based on a 12-18 months outlook so I think NGC is not an expensive stock. I hope you know even Julius Berger doubled it's price in the last quarter of '07 alone.

ololufemi:
@ Oga Pumping777,

No be N9 I talk for Fidelity oh. Make some people no go wait till eternity oh

Besides, N10/N11 is closer to N8 than N12 or N13.

if it drops, let it drop and you can buy at a lower price. Remember that you don't have to wait for certificate verification.

Get my point

No. N10/N11 is closer to N12 than to N8. Haba. Which kin mathematics be dat.