₦airaland Forum

damoche07:
How times change. So the latest strategy now is to let a stock be left off TS,wait for it to drop to close to PO price and then plunge in.Two months ago the reverse was the case. Oh! my NSE,how beautiful and unpredictable you are?

It depends on the stock. Fidelity has been on net offer before and after the PO. Even FCMB and Access that dipped, rose first before dipping.

Some months ago someone that mis-read the strategy decided to buy loads of Fidelity on TS and the person was alerted that Fidelity is bound to drop after TS is lifted. I hope the person heeded the good advice.

As an example, does one expect Aiico to drop after TS is lifted? I don't think so.

ololufemi:
@ All,


NB I don tire to try get AIICO but the thing no gree show. Does anybody want to sell his/her AIICO.

Na beg.

Fidelity dey there but wait make it drop close to PO price.

My Aiico is available for sale at a shop near you. Only N4.50 per unit as you be nairalander.

Fidelity near PO price of N8 ke?? Like N9 or less?? I don't think it will get there. If you wait for that you will likely miss the train. Don't be surprised if they come out with half year results early instead of the usual February.

RoughCut:
Hopefully starting in sept but i have to go and find £40,000 first

You ke?? I beg just liquidate 1% of your porfolio. I dey your side.

Fidelity will be the next short term money spinner. Just get your money ready and pull the trigger at the right moment!!

@easimoni - How are you seeing DEAPCAP now? Based on the projection in the PP document, the forward PE is now around 15. If they are doing a PO I will expect a juicy interim result to wake people up.

It appears the stock has hit a resistance around N4 and it may be the right time to pick up the baton. I put in a bid at N3.90 today but I'm not hopeful.

rasputinn:
@ Teehay

sorry,got it already,hope they wont come and tell me the same story about Japaul because I pumped substantial cheese into that one (p.o)and have been smiling with the nortward movement of the stock.

There may be other surprises with Japaul. I suspect bonus will be issued to existing shareholders and PO subsribers of course do not qualify. That profit you are seeing may end up being an illusion due to the dilution.

easimoni:
Intenegin is too expensive at a forward PE of 31.

@ All,
I'm glad you all are waking up to the issues I've always had with POs in Naija. It's not worth the trouble. Stay in the secondary market.

Are you not being generous to IEI?

I have a forward PE of 40 based on 5.5B shares and a half year PAT of 0.41B. Am I missing a Q-3 results?

Abu-Maryam:
@ pumping
this diamond is giving headache should i exit ? Though i didnt reach my exit point but i got some in it. Na that emergency money i want luk for. And i didnt c any future raise for a short term. Whats your opinion? I don't want to hear wenn. Lol!

Diamond Bank is a candidate to exit tomorrow for me. If you bought at the right time, you should still have around 16% Net. For me, my GDR will take care of any long term gains.

Note that Diamond is only dropping marginally. If you are a long termer, it is a good stock to hold.

You

Abu-Maryam:
[i][/i] hola Baba Of 2.
Dont be hesitate if i called u a soucerer of stock market, somedays back i follow your advice i login unic @ 3.25k and exit @ at 4.5k. You mean i should get ready to log back again ?


Regarding unity bank i think is yet time to join the board may be friday it will be a good day. Still dropping .

[quote author=Abu-Maryam link=topic=31554.msg1837153#msg1837153 date=1199927326][/quote]Unity Bank did not drop today o. It gained more than 4%

FatherOF2:
Easi, i hope you meant i'm out of the room and not i'm out of the stock oh.

@easi - I hope it is out of the stock on the top floor. I beg take the elevator to the basement to reload

If I recall correctly we bailed out on the same day abi na partial bail out you do

@Fo2 - How Madame Ndidi?

@foruma - Thanks for the effort!!!

jimmyjam:
hello Man-jiro or Pumpin please, do you have technical documentation that would better understand how to format and download the zenith sheet and import it to aptistock.

I copied and pasted fields to the excel sheet and was able to import but the updated info would not show up on aptistock. could i be doing it wrongly. are we to save the new csv in with the stockname first of the date, first infact if you can provide is with the csv's from 21st dec to date that will also be helpful

I even tried adding data manually to the NSE stock files such as for 7up ams saved it. but it would not update aptistock.

thanks

jimmyjam

please feel to email me at: blkjizz@yahoo.com

thanks


Also if anyone has an excel macros sheet that can calculate MA, MACD, RSI etc all on one simple sheet with graphs please email to me thanks

Use the thread kindly provided by easimoni. Everything is explained clearly.

https://www.nairaland.com/nigeria/topic-103844.0.html

I have also uploaded in megaupload link below a zipped CSV file with all the date from April 2007 to date that works for BOTH Aptistock and MetaStock. Ensure you save the data as CSV(MS-DOS) and not just CSV. Thanks to the original providers of the data (bigjay01 and savvylanre)

http://www.megaupload.com/?d=SNAWNK4Q

For additional days, just create a new CSV file with the data for that day only (This means the import finishes quickly) and import this to Aptistock or Metastock.

Then copy the data from the new CSV file into the old CSV file so you can continue to maintain the entire data in one CSV file.

aktopgun:
@pumping

i use TRW

Will you recommend them based on the service you are getting? I'm not thinking of changing but I've seen a few members express concern with the service they are getting. Maybe this is one to look at.

I just discovered their website and I'm kind of impressed with the information they have been sharing since my free registeration on the website. Also the timeliness of it.

I suppose you get even better stuff if you have an account with them.

TRW Stockbrokers also send Technical indicators data to your inbox. Does anyone use this broker?? They just appear so efficient. See example email received today.

-----------
Latest Market Info
OCEANIC: SUPPLEMENTARY ALLOTMENT OF SHARES.

TODAY THE SUBSCRIPTION AND SUPPLEMENTARY ALLOTMENT OF SHARES OF 10,580,786,978 ORDINARY SHARES OF 50 KOBO EACH @16.50 PER SHARE OF OCEANIC BANK WAS LISTED ON THE FLOOR OF THE EXCHANGE.


OCEANICBANK closed down -1.750 at 33.360.



Open High Low Close Volume___

35.110 33.450 33.360 33.360 9,512,415



Price Trend Report:5 Moving Average: Current price is below 5-period moving average: 35.34

21 Moving Average: Current price is above 21-period moving average: 32.35

LSQ Analysis: Current price is 20% above its price trend.

Bollinger Band Analysis: Price Volatility: Increasing; Price Trend: Not in trend (probably is in sideway or reversing);

Hurst Trend Analysis: Hurst Exponent: 1.0000, current trend will continue



--------------------------------------------------------------------------------

Technical Indicators Report: Value Tips

RSI 61.3

MACD -0.4

CCI 31.0

DMI 37.4; 34.6

K%D 44.9; 59.0 Market is in down trend.

NVI 8.2

OBV 861127.8

PVI 81.2 Price isnt likely to rise.



--------------------------------------------------------------------------------

TRW Stock Forecaster:Prediction for Next Three Prices: 32.50, 32.22, 31.89

Deviation*: 0.07

Price Direction(short term): Price will go down.
--------------------------------------------------------------

For the technicians - Personally, I have not started using these indicators.

MACD
Review of FIRSTBANK (FIRSTBANK)
as of 1/8/2008


Current Statistics

     Close:   43.130
    Change:    0.230
MACD Value:    0.467
Signal Line:    0.450


The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.

Crossovers

Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 4 period(s) ago.  Since the MACD crossed its moving average, FIRSTBANK's price has decreased 3.51%, and has ranged from a high of 45.800 to a low of 41.150.

Overbought/Oversold

The MACD is not in an Overbought/Oversold range.

Divergence

There have been no divergence signals within the last 5 periods.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  
-----------------------

Relative Strength Index
Review of FIRSTBANK (FIRSTBANK)
as of 1/8/2008



The current value for the 14 period RSI is 51.1156.

The RSI, written by J. Welles Wilder in 1978, can be used in several different ways to analyze a chart.

Tops and Bottoms

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.    A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  

Chart Formations

The RSI often forms chart patterns (such as head and shoulders or rising wedges) that may or may not be visible on the price chart.  Since the analysis of chart patterns is subjective, the Expert Advisor cannot find them.  You will have to visually inspect the RSI indicator to look for such patterns.

Failure Swings (also known as support or resistance penetrations or breakouts)


The RSI does not currently show any Failure Swings.

Support and Resistance

The RSI shows, sometimes more clearly than the price chart, levels of support and resistance.  As with chart formations, this is subjective, so you must visually inspect the chart to determine this.

Divergence

The RSI and price are not diverging.

-------------
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  

--------------------------

SavvyLanre:
First bank chart,
Fof2 & Wanaj0 - i decode am first time, as i was reading the blog - playing catch up. But, i be wan enter,  but money never reach my account, now it might be too late to enter.

I don't think it is too late to enter First Bank. I think it is early yet. If at all, I believe this will be the preeceding cycle. Expect the major cycle later before the 9 months results that are due next month.

Wanaj0 recommended First Bank long term. I don't think there was any coding there 

@easimoni - Thanks for all the effort here o. You dey too try!!!

blest:
chams pp -

can't believe am stuck here in the UK when this is happening.Cant believe i have money lying in my account i Nigeria. Anyway, i will let this pass.God dey our side.

You have to make better arrangements. I also have my money lying in a bank account in Naija but the Bank Manager is a close buddy. A phone call is all that is needed to transfer funds to any bank in Naija same day.

I used to use GTB as well but since they deactivated 3rd party transfers, no money goes into the account again.

SavvyLanre:
Thanks - unfortunately, it cannot be done from UBA NY, and i no get leg for Naija,
@Pumping and windywendy - how you take dey do am from here?

Na person on ground in Naija complete the job for me.

bigjay01:
I was told that the letter of IV thingy is bulls, basically if you know someone (not receptionist, not even officer) just hurry. the door is 99 closed. the remaining 1% is just for a select few. Not people with 10M, if you havenet got serious money just forget it. i hear crazy amounts. (For once, I am getting my news from people in the know).

This is the one. this one no be moi-moi

N10M ke?? Maybe at UBA Global Markets. My N2M in two tranches (madame) was well received at Skye

ololufemi:
@ Fatherof2,

Baba, e ku orire oh.

Well done and how work.

Na one of your loyal disciples dey greet you oh.

Thanks a lot and always know you are there for incisive guidance.

Seems the market is repositioning for buyers to swing in.

Na PHB I dey wait for make I do am finish come do Zenith and probably GTb.

No shaking baba.

Thanks

Did you miss the last cycle of GTB from middle of Decemer that just ended last week? It was at least 24%.

Chei. CICO (Cycle In, Cycle Out) na better sport.

Timmi:
@ Pumping
My point exactly, that for long term investors, it is time to start accumulating Oceanic versus accumulating UBA because long-term, Oceanic will outperform UBA, Oceanic is growing profit at a faster rate than UBA and will parallel or have a greater profit than UBA in a year's time.

Chams:
I happened to have 1-million shares of CHAMS at the previous PP, and as stated in another stock forum, CHAMS is, and will be the MICROSOFT of Nigeria.  Accumulate as much as you can for long term investing.

I do not participate in cycle in cycles out, I invest for long term, 1 to 2 years and none of my holding has returned less than 500% within that time frame.  I studied the company fundamentals, talk with management and some of their clients, evaluate the products, and so on.  I do not dwell too much on the PE or EPS (as important as it is) but rather on future growth and potential of the company, and invest in companies both in US and Nigeria.

Oceanic - On that I agree with you but don't buy NOW. If you are in for long term why not buy cheaper in a few weeks?

CHAMS - So you don chop stock split of 4 for 1 ? I no be your friend again

Cycling In and Out  vs Long term investment - These are mutually exclusive. You can do both at the same time.

I am interested in Oceanic long term but I sold all my stock at 37.40 on Dec 31st. It is less than N34 now. I can go and buy the same Oceanic tomorrow at N34 to continue my long term investing if I wish. I will still be at least 5% better after brokerage charges . But I won't even buy tomorrow so I will be much better off. Yes, this will not always work, but sometimes it can be obvious and when it is, I go for it.

For me, I have 2 distince portfolios. Long term and trading of about the same value.

I mainly use PO's to build up my long term portfolio so I don't feel bad when I sell off my shares in the trading portfolio. I know I still have some of the stock for long term gains.

You see, there can be very good statistics with both short term trading and long term investments. Let me tell you that in the last 2 weeks of December last year alone, I know of a N25M trading portfolio that already grew by 30%.

My take is that you should go with the one you are comfortable with. Both of them work.

easimoni:
K2! Let it go man! Let it go! If you want Chams, contact Wanaj0 and buy through him.
UBA global markets. I hear some back doors are still open. This is oversubscription waiting to happen.

Pumping, thanks for the Ocenaic update

All, Oceanic now has 22.22B shares so please update your spreadsheets

For Chams, target the other issuing houses. I went through Skye Bank and they still have allocation

To be exact regarding Oceanic, it is 25.13B. Na die!!
-------------------
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.
------------------

upward:
@Pumping,
Going by the above can one say there's another possible buy soon?

I expect a gradual depression in the price for now so buy opportunities will start to pop up for long term investors.

I predicted that Oceanic shares will be listed very very soon after the closure of the register and I've now been told that the shares were listed today. 

Chei!! Earlier this week and last week someone said it is wiser to put your money in Oceanic now than in UBA. Well, you will have multitudes willing to sell their Oceanic shares to you!!! Sorry, I already sold mine.

----
10,580,786,978 ordinary shares of 50 kobo each at N16.50 per share of Oceanic Bank International Plc’ Offer for Subscription and Supplementary Allotment were listed today 08 January 2008.
----

Chei. 10.5B sharesThis is like an IPO.

wanaj0:
Well, will be submitting my CHAMS form this week so no shaking!!! Una too dey panic. The brokers are just trying to corner the thing to themselves. same thing IBTC did with Red Star express. Truely the thing cheap so no wonder the hoarding of the shares.

Got a committment to reserve 2m units so I am doing collector agent now!

The Oracle has spoken.

I just confirmed my own order today. Get on the phone and pull some strings. Don't let these brokers chop everything. I no go get CHAMS ke? After I showed them my nairaland ID, na quick quick dem send me invitation and application form under 5 minutes

windywendy:
@invisible: I doubt the current bear run will last, as more companies will be releasing results soon. Insurance coys will be releasing results around april/may (going by the timeframe within which 9mths results were released) and the sector will most likely rally in anticipation of that. Be patient.

@Pumping777, you wan patent "No Shivering"? that phrase has been around from time time before before na   Any attempt to patent that which has already been patented constitutes treachery of the highest degree and will be met with the most severe and hitherto unprecendented consequence ever known to or imagined by the human race   _{remember philly is not too far from anywhere}  

Fear no gree me patent anything for here jare. Even my name I never fit patent   But you suppose patent this your sweet name sell to me o. I know somebody must buy the rights for Yankee  

easimoni:
Pumping, you've trade-marked "No Shivering"? Abeg grant us permission to borrow it once in a while!

All the blood on the NSE floor today is making me queasy. _{There was blood on the dance floor, blood on the dance floor and I just can't take it. Long live MJ.}

I fit? I just dey joke jare. I wanted to demonstrate that I am learning a thing or two in the US. If you allow them they will patent garri for our very before.

invisible!:
@Windy wendy, I salute. I did not disappear, only got tied up in more work, how do you see this bear run, a ‘pro’ called me to say it will not last.

His opinion is that the results from both UBA and Zenith will trigger a bull run that will turn the market around soon and, other banking stocks will move up with the ‘ripple effect’.

This bear run need only continue for another couple of days and many stocks will become attractive again. No one is expecting this to last till month end ke. Make we call am "Cub" run instead.

upward:
@Pumping,
Just received a Tradealert now, my broker was able to execute my buy mandate for UBA. Bought at the day's low- #50

My man. How you dey jare.

Good news if you ask me   (No Shivering^TM)

windywendy:
@AKtopgun and Pumping777: was just reading your posts on Man-You, Arsenal and Co. Funny! Forget Man-You, Forget Arsenal, forget European football!!! American Football ROCKS! and New England PATRIOTS RULE!!! _{man-u bow, bow, bow!}

American kini I'm yet to figure out when they start "fighting" and when they "stop" and for "what"!!!

When we stop discussing sports and move to warfare I will consider them.

@easimoni - manning and colts ke?? Dat na Cartoon I go check for Cartoon Network  

MAN-UU-FOREVER!!! Check it out at the nearest better sports channel near you.

For folks that need to get high by getting NSE daily stock position and company results early.

I have now relegated Cashcraft to number 2 position for the promptness of providing daily stock position.

I now give 1st position to TRW stockbrokers.  

http://trw-stockbrokers.com/

Go under "Research" and register with them. You will get daily stock prices and company results before any other source in your email box. You can also get the daily stock prices directly from the website but the format sent via email is much better.

Cashcraft data is available about 30 minutes after the markets close, but TRW data is available as quickly as 15 minutes after the markets close.

The additional plus with TRW is that they will also send your the company results.

bigjay01:
As I no be guru, nobody believed me, I gave the house an insight from a very authoritative source (someone at the top). people thought i'd gone barmy.

Frankly, from your post yesterday it was difficult to tell if you were serious or you were just kidding. If you have authentic jist and the house is doubtful, please go the extra length to reconfirm.

The same issue with the first poster of the UBA results yesterday, afamako. When I asked to reconfirm, I was even more confused by his reply about smelling Columbian or Arabian coffee when na only pap I dey drink  .