₦airaland Forum

ololufemi:
@ Pumping,

Abi oh and to imagine AP snapped up to N140.

Na who dey buy am sef. Hmmnnnn

Otedola is at it again oh

AP started another run today. I wonder if this one can be sustained.

The bears don vex for this market o. Re-positioning openings are now in the horizon

ckenneths:
Some guys I have talked to seems to think there are better bargains in the secondary market that beats AIICO offer for now. And they are in the insurance sector.

Please fill me in on such opportunities o.

I think Aiico is a very good deal. The downside will be oversubscription.

The new share are entitled to bonus and dividend and forward PE for 2008 at offer price is around 10. I expect at least 100% capital appreciation in just 6 months.

Note that Aiico is currently priced so low on the floor because of TS, otherwise, the floor price would be abound N4.50.

ololufemi:
Setting my target for entry at N1.50- N1.55. May be lucky if it flls to this.

What about the rumour of IEI TS due to share reconstruction?? Any truth to this?

@aktopgun

Congrats!!!

richieade:
One quick question, if the gdr is 16.50 and u can convert it to shares after it closes, why buy the shares from the floor for around 18.50. You could save 2 naira
buying the gdr. Is there any logical advantage buying from the floor?

One way of looking at it and I tend to agree with this. The only problem is who knows when the shares will really be credited

VIPICO:
@Talktrue,

You'll be extra lucky if Pumping replies your mail. He never does mine. He just snubs

Wow. You have to be cautious when making these kind of statements. You've never sent me an email. I try to reply any email I get. I already saw you quoting someone out of context on the forum today and I feel you are not very cautious. Do you know what it means to be a snub ?

I reply the emails that I get. Not that I have all that much time, but that is the spirit of our association here. Even If I don't know, I will still reply and tell you so.

Talktrue:
If no be say I be Igbo boy and na money matter be this I for don give up.
I was just getting my feet on the ground on Fundamental anlysis you guys have kicked off on technical analysis. I'm yet to get a hang on excel (dropped it during computer class ), I try to swim towards the beach and the waves suck e more towards the ocean. hmmm Money, Money, Money na you the cause all this, anyway I think is high time I started talking more and getting one on one info as the case maybe.

@easimoni, wanaj0, windywindy, pumping and fatherOF2 can I please get your contacts.
My mail is ochiking1 at yahoo. com

Thanks Guys
This Forum is much appreciated.

pumping777 (at) yahoo (dot) com

yodiyokun:
Thank God for Oyinbo Library - My library has only 1 copy and I am reserving it.

Can you imagine the Man that wrote this book was born in 1885 died in 1935 - What the

This goes to show this RSI has been proven for almost a century - it obviously works!!!

The book may probably be out of print? but anyone with access to amazon should be able to get a used copy hopefully

It's still in print. You can get it at amazon.com

jehosaphat:
Dear Nairalanders, make una nor vex abeg!!. I no say na engineers full this forum so I am expecting a hailstorm but I don't see anything "terrible" in "conceited". It is neither a curse word nor demeaning in anyway. I am sure that there are several connotations for it but I meant "big-talking" and thats all. Those who choose to be offended, where is YOUR own sense of humor?

I think this was just a misunderstanding but apologies accepted on behalf of the house.

@blest - I beg no vex.

ololufemi:
@ All especially Pumping.

Na beg I dey beg and I dey humble.

How can I use the Megaupload. I cannot download anything oh

You no be engineer??
Ok. Let me try laymans' language.

- Click on the link of for the file you want to download and it takes you to the mega upload site.
e.g. - http://www.megaupload.com/?d=323TP97D

- Towards the top right hand corner, you will find a "download" button.

- To the left of this you will find an empty text field that you can type into.

- To the left of this you will see "here:"  

- To the left of this you will see a number of characters. There are normally 3 characters.

- Type these characters into the empty text field and click the "download" button.

- It takes you to another page. Here you will find 3 columns - Feature, premium and free.

- Since you are not paying, you can only dowload from the free column but you have to wait for a count down of about 30 seconds for being a free loader

- After this count down from 30 to zero, the "Free dowlolad" button is visible and enabled and you can click on this to download your file.

I have mega uploaded the Aiico prospectus.

http://www.megaupload.com/?d=323TP97D

For PO masters, it is nothing short of a good Xmas present.

New shares are entitled to bonus and dividends and the forward PE of 2008 is around 10.

I beg, make una find us Costain prospectus now.

realkemmy:
Cement Co. of Northern Nigeria Plc
                                    Turnover                       PBT                                   TAX                                   PAT
                               =N='000                      =N='000 =                         N='000                              =N='000
30-Sep-07 9 Mths      6,859,000                  168,987                                52,400                         116,587 
30-Sep-06 9 Mths      4,880,000             -     209,110                               14,895                 -       224,005 
                                     40.6%                     -180.8%                                                                   -152.0%

turnover quite impressive but PAT very low. whats  the possible cause. house wats your opinion on this stock

Very poor results. Despite the capital injection from the rights issue. Possibly the impact has not yet been felt on the bottom line.

If one compares the Q-2 result to the Q-3 result, one will notice that a loss is actually declared in Q-3. PAT grew from 0.19B to 0.12B.

Forward PE of 167. Not a short term candidate.

no_shaking:
@ Pumping777 etc Re. DEAP Management

Just heard that its shares are about to listed @ N2.88, and not N12.88 as widely suggested in prev pages. Hope this helps!

Well, that looks more reasonable. The report from Meristem yesterday could have been wrong. Let's confirm today.

Mr. Risky:
Have we abandoned COSTAIN and AIICO?

I bow o.

Anyone with the prospectus on either offer? There could be gold eggs waiting to lay in there

l.o.m.a.h:
PUMPS,
HAVE You ANY NEWS ON FBN'S SO CALLED RETURNED MONIES. I KNW I SHUD BE ASKING WANAJO WHO BOUGHT HEAPS OF THEM SHARES, BUT THOUGHT I'D ASK You TOO. I WOULD ALSO LIKE TO KNW WHEN DANGOTE FLOUR WOULD BE LISTED, ETC. CHEERS. STILL UP.

Sorry, no information on either query.

@ easimoni

Access - Thanks. I see I added the 3.8B units twice. That is a welcome adjustment. The original figure was mind boggling.

Deap -  I suppose they have some better results to justify the listing price and I expect it to be public very soon.

We are still lacking Aiico and Costain prospectus. Haba. Make una do something now.

shigidi:
pumping 777, please after the access allotment , how many shares do they have now? really important can u please hola back

My figure is now =6.978+8.521+3.8+1.18 = 20.48B

----------------
We propose that a total of 353,783 Application Forms for 8,521,839,138 units at a total value of N126,975,403,156.20 be approved for allotment.
The over-subscribed units of the Offer up to 3,800,000,008 units will be accepted.

Also 1.18B units for conversion of debts to equity.
--------------

SavvyLanre:
@Pumping777

Rally of 544% from April of this year till now, without being listed on the floor. I wonder how that would have happened - if there is nothing dodgy.

The rally itself does not mean something is dodgy. Look at it this way. Suppose they are on course to deliver 500M PAT for 2007?? Then N12.88 is a fair listing price. On the other hand I know where you are coming from. They may just be taking advantage of the market but I know long term there will be price correction if they don't deliver the goods.

easimoni:
Pumping, any idea on how many DEAP shares will be listed?


All, see the DEAP prospectus below. PAT for YE Sept. 07 was forecasted at ~200M

http://www.africanselect.com/www/ipo/17530/DEAP_PROSPECTUS_FINAL.pdf

Offer - 120.1% oversubscription of 375,265,870 shares = 0.45B

Rights - 101.8% oversubscription of 115,691,506 shares = 0.117B

Giving us a total of around 0.567B.

If 2007 PAT is meant to be 200M then forward PE is 36.51 ---- Right??

They had better deliver more than 200M.  

SavvyLanre:
Wasn't the IPO of DEAP at N2 per share? Why would it be released at N12.88 - all this mago-mago self,
And, people would storm into it - without any detailed fundals or technicals.

Really That is hot!!! Maybe they have recent results to back it up.

Of course, expect the post PO listing rally. NSE for you.

DEAP CAPITAL MANAGEMENT COMPANY will be listed tomorrow December 12,
2007 at the price of N12.88 per share

yodiyokun:
@Pumping I sent you an email.

Thanks

I don salute.

Does anyone have jist on Staco Insurannce?? They posted a decent Q-3 result and now have a forward PE lower the same with UNIC. 

Also, are they planning a PO?

ckenneths:
I will increase my Nig german position, they have very few shares outstanding, only 153 mil. units, candidate for bonus?

I think you don't want to get to buy

ololufemi:
@ Everyone,

Based on the public holidays, has anyone noticed that we have just few days left for trading on the floor this year, probably 9 or 10 days.

Need to act fast and close the books for the year.

Thanks

Yes, this was posted earlier. 9 trading days to go. 3 days this week, 4 days next week and 2 days the week after.

shigidi:
yodiyokun,
i didnt want to mention it but im really watching Nigeria-german, if it hits 19, i am diving in, this stock is shaping up and looking attractive again.

Una don start again 

Anyway, if you dive in at N19 you will be swimming with a stock that has a forward PE of 12. and you must find me behind you.

Can anyone explain CCNN's results?

It appears they made a loss in Q-3 because the PAT from Q-2 was 0.19B and Q-3 is now 0.12B despite growing turnover.

3RD QTR SEPT 2007
CEMENT COMPANY OF NORTHERN NIGERIA PLC, UNAUDITED 3RD QUARTER ENDED 30TH SEPTEMBER 2007

TURNOVER 07 N6.859b, 06 N4.880b

PBT 07 N168.987m, 06 (N209.110m)

TAXATION 07 (N52.400m) 06 (N14.895m)

PAT 07 N116.587m, 06 (N224.005m)

gonziiii:
Can anything good come out of livestock feeds, are they likely going to make good profit soon, i can't seem to find their quarterly results anywhere, can someone advice plz before i take the plunge,

Go to proshareng.com. News --> Results and dividends. Work your way back and you will find their results there.

I will be careful will Livestock short term. They are yet to post solid results and they seem to be seeking additional funds all the time. See the statement below.

----
A total of 630,519,000 shares were added to the shares outstanding in the name of Livestock Feeds Plc on Thursday, November 22, 2007 following the Placing with three Investors.
----

Remember also that they declared exceptional items as part of profit, otherwise they would have reported a loss in one of the interim results.

The fundamentals don't look healthy to me. Now with about 1.2B outstanding shares, the forward PE is around 77.

I know it is a good cyclic stock, so if you are a technical trader, it might still pay off. Otherwise, nothing good to report.

RoughCut:
You can try to validate your hypothesis if you think that's the way it works. I think that is just  being simplistic  

I agree with you. I don't see anyone on this forum that will just say "buy this stock" without any justification and will be taken seriously. I know some folks are just being modest, but most times, guys are spot on but it is usually based on sound analysis.

RoughCut:
All these 'tory' about promoting PET bottlling as opposed to glass bottles will seriously impact the bottomline for betaglass infact it may put them out of business. Once the currency of this story starts gaining ground investors and potential investors alike may panic and send the shares nose-diving.

I will tread carefully on that one timing is of the essence!

This story has been making the rounds since early this year but yet nothing solid. The problem is that if insiders know this is not happening, they stand to profit while we are waiting for the bad news that will not come.