windywendy:

Me, me, me , pick me We kuku get the same broker, so you can cross at no cost to me -- you pay all applicable fees _{na "free" you talk abi?}

SavvyLanre:

@Pumping - although, i no get IEI - but that one and Unic - no shaking. Unity Bank, that one dey wait for me to enter well well before it goes northward,
Meanwhile, i told you i love Zenith no be small - so most of my cash is tied down there,

Blueband - I don help you post your post on CASHTHIEVES . Sis me windy, we suppose vex for those people no be small. They got to repent by force, even if it is to increase their commission to provide better service.

me ma self i vote for crusader - but caveat empty

I've had the opportunity to CICO twice on Unity Bank with at least 10% net gain each time but I did not because my target is the speculative pre-po movement.  I'll wait it out for sure.

Funny thing about IEI. A broker friend told me that many folks still selling IEI without understanding that there is reconstruction so they think they are making a lot of profit compared to the price they bought before the reconstruction  

Such folks should deal with the broker concerned though. I will expect a broker to inform a client about these kind of changes. I don't think this is what is bringing down the price though. The stock is truly over-priced.

As per Unic, I dey. Good thing it rose 5% today. Now I'm only red due to commission.

dollyp1cute:

Pumping talk to me now

AIICO vs CRUSADER

Crusader ke? With all these bleeding in the insurance sector, I think Crusader will have a tough time if it came off TS NOW. The price at which it went on TS may not be realisted after a while. Moreover, it is on TS already, so why the interest? If you are looking for post TS bull run in insurance, go for Standard Alliance.

Aiico is still worth looking at since it might even drop further. I definitely prefer this to Crusader right now and it is TS free.

loma:

Red is used relatively on this thread these days.

When people like Pumping talk about their portfolio being red, they mean, its now doing 64 % as against 138 % its been doing for the past 3 months!

No shaking.!

Na who get this Portfolio sef? The face looks like that of -------

Ha ah ah!!! My CICO portfolio never RED like that o!!

Na some stock wey I get;  IEI, UNIC and Unity Bank dey see red inside my portfolio.

I still carry heavy load of Aiico with 110% and SCOA with 210% for the portofio so he go hard small for the whole thing to become red. In any case, I've already taken out a lot of profit out of my portfolio already so overall I have no reason to complain.

In fact my CICO with CILeasing, Lawunion and Cutix all bought within the last 2 weeks alone is enough to cover any red in my portfolio right now.

Chei!!! Who wants IEI?? For dash?  

windywendy:

@blueband, this your hatred for cashcraft is "ga ju" Don't  you think it's time to forgive them and change your signature? _{just a fly-by thought}  

Don't forgive them jo. These guys are not repentant lai lai. Always trying to play a fast one.

Anything you can make out of Unity Bank while it is gyrating, take. I can't figure out how this bank can make any serious move until they come out with their results. The expectation is that this will have to come out before their planned PO.

Bears dey worry? Make una no worry o. Avoid panic!!!!

Panic buying has turned to panic selling. You need to strategize when selling to minimize and eliminate  any loss in fact. It feels even worse to sell at the point of a turnaround in a bear market. Some of these stocks will not fall much lower than current levels so this is not the time to sell.  Na just panic selling dey drive some prices down.

The market has been bad but with a well balanced portfolio (and I'm not talking blue chips), overall you can still be in the black. I'm talking of stocks like SCOA, ABCTrans and AGLeventis that have defied gravity. You can use this to net off your losses and reposition your portfolio.

With the recent bearish run, more stocks are emerging as very attractive and one thing you don't want is to miss out on obvious fundamentally sound stocks at such low prices because you bought some wacky stocks that have now lost 20%.

Most of these stocks will soon stabilize in prices because they have been falling for over 3 weeks. I sounded alarm then about a correction but was told to leave folks to enjoy their loot. That is BTW sha. I also got caught in one stock that failed CICO woefully.

My take has always been to wait for this stocks to bottom out and trying selling during a mini bull run that must surely follow for the particular stock after bottoming out. I adviced the guy trying to sell Japaul last week just the same. Since then Japaul has done 15% and he would have cut his losses by 10-15% if he sold today.

For all, I'm sure the lesson has been learnt. No one makes an announcement about when the bears will enter the market.

Anyone looking at Diamond dipping? I warned the house ke. GDR conversion will worry.

Happy investing.

@Aktopgun - Abeg, point your gun candle on Cutix before I go sleep inside.

windywendy:

Abi o, my sister. Help me ask wanaj0 and Pumping. The yeye stock no come get volume sef But sha o, tomorrow would be a good day to do cico on this one o. Looks like it ran out of selling steam today Abeg wey my phone make I begin dial my broker _{I dey go come}

That is what brought the attraction. The volumes surfaced from nowhere in the last few days and peaked at 134K today. A rare feat for Chellarams.

I think the general mood of the market may be creating panic selling but then it appears to have lost selling pressure today. This is a company that grew PAT by more than 200% PAT last year and has a trailing PE of around 20x. It it grows PAT by just 25%, the forward PE becomes 16x.

With only 240M shares listed, I want to see this as a good one to enter.

rasputinn:

No be only bears,with the way all sectors are seeing some red,e be like say na bear bear
Anyway,not to worry folks,I see an ALL-SECTOR rebound in the weeks ahead because the prophecy for the year is that it's going to be volatilely BULLISH.
I've said a big AMEN to that,I don't know about y'all

Chei!!! See RED for my portfolio! IEI, wetin I do you now?  

Abeg anyone dey see Chellarams? This bear market go bring some very good opportunities. Bring it on!

RoughCut:

Well as you might have heard on this thread the PO shares will be listed this march so if you have made a profit you can offload and peeps seems to think that the only reason it would gain traction in terms of price moving up north is the bonus of a rumour but you know that will be suicidal to do a bonus after listing the PO shares unless the listed shares do not qualify.
If you have made profit you can disembark now or sweat on this one for a while!

As you might have noticed a lot of stocks have been recommended in the last couple of hours for you to enter.

CAVEAT EMPTY repete!

Japaul PO shares do not qualify for bonus or dividends sam sam and cannot be listed until closure of register after declaring the Full Year results.

@Blueband - I don't think you need to retire your user. That will be a loss. You've always contributed in a very positive way.

My advice on the recent happenings is that one should ignore comments we are not comfortable with. An exception is if someone directly attacks you for instance.

Let us not speak on behalf of anyone that we don't know outside this forum until that person responds FIRST. There are events outstide this forum that is making some folks attack themselves so there is no need trying to be a judge so you are not aware of what happened or did not. Let the affected person respond then you can join in if you wish.

Just be aware that there are multiple personalities on this thread now with the main intention to spread unfounded market rumours and defraud innocent investors if possible.

Do not engage in business with someone if you cannot verify their identity preferable through a mutual friend or at least someone known to you outside this forum.  

All that glitters is not gold. Things are not always what they seem.

@Yodiyokun - Eh eh - Insurance dey worry o but I think I'm still good. Mbenefit welcomed me with 5% rise but Unic no gree move. Not worried about being stuck with Unic though and I've given up on IEI

@rasputin - You fit re-yarn your post. I've lost track.

FatherOF2:


     OKOMU, But 3 forthnights waiting.


@ Ioma

   Trully you have graphic talent.


I'm actually enjoying observing more now. The new commers are pulling their weight.

Too much sef. Me just decide to "ignore" and continue my posting.

bigjay01:

@Pumping

I think MBenefit 9M '06 result is wrong. Shuld it not be Turnover/PBT/TAX/PAT ===> [b]759.2/231.6/18.9/212.65[/b]

I stand corrected

So let me correct you.

Look at my post. It is for Q-3 2007 and NOT Q-3 2006.

Lasaco's Q-2 2007 turnover was already 1.6B.
Compare the bolded figures.

jideakin1:

AHHHH!!!!! @ all, Pumping, AKTopgun, everybody please help me oh!
When did outstanding shares for LASACO become 14,178,211,979? oh my God I already bought a trailer load of that stock. all these hiding of fact and information even by NSE is the reason why fundametal can't work with NSE.
Chei! Nigeria with all it's ill in everything.

Please what do you guys advice? sell off very quickly and count my loss? or just abandon the money there? but for how long? please just help with any advice. I bought last week at 5.30, with the above outstanding share I don't see it getting back to 5.30 anytime soon not to talk of profit.

I have 8.27B shares for Lasaco.
Previously Lasaco had 1.411 B shares,  
Rights in late 2006 - 97.83% of 2,419,637,570 = 2.367B
PO in late 2006- 81.76% of 4,435,261,182 = 3.626B
Total allocated should be 5.993B additional shares.

The only confusion is that instead of 5.993B shares, 6.85B was listed. If you add this to the 1.411B shares, you get the 8.27B shares I have.

I think Meristem added these twice. I saw it when it was reported.

jideakin1:

@ Pumping and all,
Please confirm this data for me, NEM - PAT 3rd Qtr=330000000, n0 of Shares=5029250734, this gives me a forward PE of 55 @ current price which looks quite expensive to me.

Abeg save me from wrong data oh.

NEM

Q-3 PAT = 330M
Outstanding Shares - I have 5.03B. The insurance companies are not so transparent so I can't vouch there isn't more but this is what we know of so far. Note the comment below.
"3,531,033,835 shares added for rights issue concluded in Sep 07"

invisible!:

@pumping, this 'big claim' fear is even more reason why I want to reduce my presence in the insurance sector.

Anyways, I will offer to insure the insurance companies against any sudden 'big claims'.

Solution is to position in conservative insurance companies. Being able to evaluate risk is a major strength of any good insurance company.

Safive:


@ Pumping777

Please I sent you a mail regarding Resots Savings and loans PP document and other issues. Kindly respond.Thanks

Replied.

The speculation is that Mbenefit was hit with a huge claim in that quarter which is why I said if this trend is halted, the full year results may exceed expectation.

jideakin1:

@ Pumping

I asked if you have the 3rd Qtr result of Mutual Benefit, guess you didn't see the post.

Can I have your email addy, I want you to look at something please.

Mutual Benefits Insurance Plc

                                       Turnover          PBT           TAX                 PAT

                                       =N='000 =N='000 =N='000 =N='000

30-Sep-07 9 Mths      1,709,000        728,552        72,855          655,697 
30-Sep-06 9 Mths      1,436,000        886,095        18,978          867,117 
    19.0% -17.8%   -24.4%

rasputinn:

Ak,pumpin & others

D'you guys have the following info;

1. The level of subscription of the first inland bank po

2.Their outstanding shares

I need the above info because there's a house that wants to cross 3million units for me @ 11.90,I've been foot-dragging ever since,but now that it's coming off TS next week,I need the above info to make my call.I must have an idea of the direction the price will move post-TS

Forget this deal. First Inland is out of TS and started with a 5% max loss as expected to end at N12.64. I expect this to be the pattern and will not be surprised if it drops below N11.90 next week.

grabdaloot:

@ pumping
Let me start by saying I am in no way swearing that I am right. But its just that this NSE has by far defied all. I can assure one thing though the profit takers are already in full swing. People who bought at the N6-N8 range are selling off. Historically, AGLEVENT trades about 400,000 units for an average of 20 deals per day but check out the volumes recently always close to 2,000,000 with over 50 deals per session. This leads me to believe that the profit takers are already in action. One thing I just can't get is why the stock is still so scare. We are watching it sha.

I dey your side. I'm just speculating too. This NSE does whatever it likes.

aktopgun:

@pumping

if u are still there, i think u might want to look at OASISINS chart. it makes interesting reading. even better than MBenefit

Ha. I see what you mean but I don't have liver for such a stock with very wacky fundamentals.

grabdaloot:

I don warn una about this AGLEVENT but una no wan hear. Okay make I add my own put but first make I talk CAVEAT EMPTY

Aktopgun, I respect your candles well. If u recall I strongly believed in technical analyses (have written about RSI and co extensively) but RSI don cost me about 8 million for VONO and LIVESTOCK and that is because I sold when they approached the 80 line. But these stocks were at an RSI of 100 for almost 2 weeks. I spoke to my inside source and he said that the reason AGLEVENT opened at 16.01 was that someone gave his broker a sell order of above 16 today for about 340000 units. Imediately that transaction was concluded the stock shot up to the max of 16.47 and stayed there through out today Check FSDH you would see that the avg price for the day was 16.46 so do the math youself. Another thing is that JOHNHOLT is following this one closely and it is in turn following CHELLARAM back to back (I hope) SCOA no dey slack to. The long and short of all this opata wey I dey write na say for this market (bull) Tech analyses no get head. Finally check history last year AGLEVENT did 23 straight days of maximum gain. This year na just 12 we dey count so far and I can bet you it will do 32. I don try some correlations to arrive at that figure. Achika abeg if you wan sell tell me you broker make e cross am for me. Me I dey find the thing but no way na only cross deals them dey trade.

Once more make I talk say I EMPTY the CAVITY for this one

If Leventis does not issue a bonus, you will regret holding the stock until FY result is announced.

The stock cannot add another 20 trading days at 5%.

When profit takers are ready, they won't care about what happened last year.

buzzgonz:

@pumping777
For your mind you bi guru for stock! 

And for your mind you be James Bond.

Talk wetin dey your mind no be to dey post code.

Achika:

PUMPING,
PLEASE I CAN SEE YOU ARE ONLINE,
KINDLY ADVISE ME IF I SHOULD SELL MY AG LEVENTIS .REALLY DID NOT EXPECT IT TO GET THIS FAR, BOUGHT BELOW 4 NAIRA BUT THE STOCK HAS BEEN DOING ALMOST 5% EVERYDAY.

THANKS

Looking at the candles, I will recommend you sell on Monday. Today is the first time out of 10 consecutive trading days that the stock opened at a price lower than the highest price of the day.

I the stock is over-vlaued now anyway. If you wait for the collapse you may not be able to sell until your spreadsheet disappears. Go and look and Avon Crown Corks as an example.

Enjoy your profit and close your eyes to any additional gain.

The only time you may regret selling now is if they issue bonus sha.

Caveat Emptor patapata.

Achika:

PUMPING,
PLEASE I CAN SEE YOU ARE ONLINE,
KINDLY ADVISE ME IF I SHOULD SELL MY AG LEVENTIS .REALLY DID NOT EXPECT IT TO GET THIS FAR, BOUGHT BELOW 4 NAIRA BUT THE STOCK HAS BEEN DOING ALMOST 5% EVERYDAY.

THANKS

@Aktopgun - Abeg make you shine candle on AGLeventis. If it was me, I would have sold by now, candle or candle as I don comot greed patapata but maybe the candles will help Achika.

jideakin1:

@Pumping,
Please what is the shares outstanding of Soverign? is it = 2,243,167,216 ?
if it is then I guess my calculation of the forward  PE is wrong, pardon me I no be accountant na to chop carry me come this side.
I devided the 3rd qtr result by 3 then X by 4 to arrive at an estimate of what their final PAT could be (444,133,333).
With that, estd. EPS=0.20 and forward PE = 28 @ today's price of 5.62

I beg teach me the accounting part wey I miss, I can figure out the rest arithmetically.

Me sef no be accountant jare. Na the outstanding shares no dey correct. Your PAT project is correct using this method.

This is what I have.

They had 2.243B outstanding. Then there was a PP in 2006 and the allocation was around 1.265B.
Then in November last year the announcement below.
---------
Added 1B supplementary shares on 20th Nov 07
---------

I am not 100% sure if this 1B supplementary listing is also part of those from the PP but I have added this in addition. Even without  this, you still have to add the 1.265B to the figures you have.

aktopgun:

ON UNIC  

by the way pumping u are big cahonnes to go for this in the short term one u know. admirable. what time frame are u looking at?

My plan is to be out next week. From the graph it does not look possible but in a sector like insurance I can't wait for 20% CICO. 10% net and I'm out especially if this comes within a week or two.

I am one of those that bought UNIC today at N5.50 and some at N5.55 but note that the high price of the day was as high as N5.90. If the price makes it to N6 next week, I will issue a sell order for my broker to try to sell at the highest price the next day. If I'm lucky, and I've been for all of them except, IEI, I will be done before next week is over. I just need a slight turn-around in the price and I should be able to hit my target.

I did the same for CILeasing I bought this week and sold this week. Same for Beta Glass I bought this week and sold this week. No time wasting to be caught napping.

If the stock starts dropping, na wahala be dat so I try to buy one I feel it will not drop any further.