₦airaland Forum

yodiyokun:
Has Crusader insurance published their 3rd quarter results?

anyone have a link to it?

If anyone has Crusader, please share. Even just the numbers if there is no link.

The love of WEMA is the beginning of wisdom. End of story.

This can only be an error from their side.

wanaj0:
Depending on actions in the petroleum marketing sector, I am looking seriously at OandO. Next year may just be their year.

I think OandO is already hot but maybe you want to wait till year end results. I am already playing though.  Except for a late challenge from AP, I expect them to post the best PAT even after deducting minority interest.  They are on course for at least PAT 0f 3.8B even after deducting minority interest. Just see what Chevron and Total posted this week. They are nowhere near even in terms of value (not just PAT).

Let's see if AP will spring an Otedola surprise. I already sold my AP after 50% gain within 7 weeks.. My #1 gamble stock for this year.

adeyinkat:
(coming soon to a market near you) etc.

=

wanaj0:
Thought they did an IPO. I just hope the figures are right. The owners of Ikeja Hotels and Tourist Company are the same and I don't think they are well managed neither are they reaping huge profits. Just be sure that the figures are right and thread with care!

I think the numbers are right. Full subscription to the IPO would have resulted in 2.08B shares but due to under-subscription I am working with 1.73B. If the results hold, I think this is a hot stock.

As for profits, they've already declared pat of 395M half year but thanks, no diving in without caution.

osazeet:
N14 Naira is a fair deal to me. I will sell 90% at that price.

I think also that if WEMA releases results in line with the Q-1 results, hitting N18 after lifting TS is almost a done deal.

please do u think is good to buy WEMA at present? when do u think is their ipo? please enlighten me about them

No. Buying Wema now at N14 is not a good idea. The PO is rumoured to be at least N10. No idea when it will start.

yodiyokun:
@Easimoni

Crusader is making me cry oooo, I bought at 4.55, can u imagine,
Any money I have now I will buy more units to average my price lower, maybe by month end.

I think sometimes it's good when a stock one is holding is dropping in price  . Crusader for me is an example. If it dips below 5% of the price of my current holding, I will just buy more. If I think the price was good when I bought it, it is even better when it drops provided nothing has changed fundamentally. I don't think a rally at this time is any good anyway. It will be short lived. I want the rally when the bulls return.

Of course I can understand it's a dfferent feeling if you've already bought all you want of the stock.

As an example, I'm trying to get more Lawunion but the stubborn stock, though fluctuating has remained above my bid price for 2 weeks. I'm not happy about this though I already have the stock. I just want the price to drop so I can buy more 

Strange tactic but I think it works (sometimes  ).

pumping777:
Yes, I was happy to see the further drop. I will be meeting you in the boardroom  

For one, Ikeja Hotel is inviting with a forward PE of 8.8. I really believe in numbers, The PP investors are taking profit.

RoughCut:
Now we can assume the thing will hit N14 next week and if it goes on TS then is it a reasonable supposition to assume that the post TS rally will push it to N18?

Dont forget that they will likely release 2 or 3Q results before they finish the allotment next year and then if the TS is lifted i expect a rally if the results are what we expect

N14 Naira is a fair deal to me. I will sell 90% at that price.

I think also that if WEMA releases results in line with the Q-1 results, hitting N18 after lifting TS is almost a done deal.

easimoni:
Pumping,
are you watching Ikeja Hotel's free fall? I'm going to become a hotel owner on Monday. _{(at least 1% of 1% of the hotel)}

Yes, I was happy to see the further drop. I will be meeting you in the boardroom  

WEMA is still very resilient, closing strong at N13.52 (~5%) after hitting a low of N12.55.

blest:
hello every one, i recently got 45k shares of access bank through the secondary market before the TS. the stock has been struggling and need to know what to do with it. hope to hear from you soon please,

At exactly what price did you buy and is your strategy long term or short term?

felo12:
@poster

For your information u.k pre-budget for 2008 is £350b, while nigeria budget is around £10b, my man the different is clear,

But i believe we will get there one day, God help!

Thank you bo. I wan fear.

@ springss

Interesting situation you are in. This is how I see it.

Your short term is 2 months and you bought UBA at 53 Naira. I don't see the likelihood that you will make profit in this short term based on todays price.

You are looking for a rise of 7% to break even, which means the stock price has to rise to about 56 Naira before middle of Jan 08. The chances are there but quite slim.

Just remember that while you are hoping to recover your 7% and make a profit and you are also exposed to further loss.

UBA promised a PAT of 17B for 2007 and now and projections are now based on almost 24B. I will be amazed if they go ahead to even exceed this 24B. If this 24B or greater amount is announced early enough, I think you can still make it. Those that are in for the long term will still take position and this should reflect positively on the price.

Th right thing to do will be to sell now but all said and done, this is what I will do since I like taking risks as they come.

If you really 2 months to wait, wait it out. This 7% rise can happen in quick succession of for no unknown reason and you can quickly cash out and cut your losses especially if the results are released. Even if you are able to recover 3-4% it is still something provided you don't have something that can generate income if you sold today.

Ben0524:
To Wanaj0, Pumping777, Easimoni and all GURU's,

Does anyone has an idea if N.E.M insurance or the Insurance sector as a whole will still fall befor the end of the year, or is this the right time to get them.

I want to get NEM insurance ant 2.00 or 1.50k , please can it drop to this price again?


PLS. Reply Urgently my Gurus in the room.

The Q-3 results for NEM shows PAT of 330M so they may be on track for 450M-500M by fiscal year end.

I have an oustanding share figure of 5.4B for NEM so I think the stock is still expensive at 2 Naira. Even at N1.50, you'll still be looking at a PE of around 18.

So I don't think you should go for this right now. You have better options in insurance.

Looking at Nahcos' Q-3 result, I'm curious to see if they will hit the forecast PAT of 557M for 2007.

Anyway, the PO funds might make a difference in the 4th quarter.

Q-3 PAT is around 375M.

nazzyon:
Is there any perfect explanation Oceanic Bank's falling?

Also, the full absorbtion of the over-subscription from the PO. Oceanic now has over 22B outstanding share. Tough if you are in for the short term.

Yes, this is the problem. By the time the PO comes out, the price will have risen to a point that doesnt't make it hot anymore.

wanaj0:
Anybody watching CHELLARAMS?? Na only me dey look am?? EPS of 0.94. At N6.99, PE is 7.40. Using a PE of 10.00, you are talking about N9.00 minimum! Gained 4.95% today with only one deal and total trade of 15,000 units!

Any CHELLARAMS shareholder here?

You are not the only one at all but getting the stock is another matter. Only 15,000 units were sold today. I've given up looking for the stock after 2 weeks of trying.

adeyinkat:
@ All

Hi everyone. Please am I the only one that has seen that Japaul have doubled their half year PAT in the 9 months report? Boy, I think I have hit a goldmine here, now the FY forecast in the PO prospectus suddenly seems like bread!

Even if the certs take a while to get to us PO grabbers, the coy has shown that it can out perform forecasts. You guys are turning me to a guru in this matter o! And to think I'm also smiling broadly as l watch WEMA too.

Just wait for me, I'll be a multi-millionaire (even in Soludo naira) at this rate.

Gurus, you too much!

I don't know if I share this Japaul sentiments so strongly in the short term. The result is not not spectacular to me. 318M in 9 months or did I get this wrong?

I know it looks great compared to last years result but the project PAT for Japaul this year is 450M and this still leaves us with PE above 30. This results shows they are on track to meet this target and nothing more. If I can see signs of them returning 600M by fiscal year end then I'll be impressed.

Or am I off track?

Well, Oando is on course. I remain loyal.

RoughCut:
Make sure you receive confirmation of your bonus before you sell so that way you have more to sell and of course your dividend. Did the same in anger

More to sell but at a lower price. If the price does not rally after the mark down for bonus and dividends you will lose out. FBN was a good example.

Oops!!!! I see Wanaj0 already posted it. Thanks.

Can someone please share Oando's result

shakasha:
Please Can Someone advice me on the current Fidelty PO? What are the prospects considering the volume they are selling and future EPS? I'm planning to throw in a large chunk into it, please advice!!

Please don't. If you must buy now, go for FCMB. Platinum may even be better than FCMB but it is not out yet.

krisbobo:
@Easimoni

Oh, now I kno why u no respond to my questions since. I have been awake for 10hrs so I took it for granted that H-town peeps might still be sleeping!

Please answer this:

I beg I be small investor o but if you get 1000 units of Union Bank would you sell to buy Crusader and Unic? I bought at IPO at N20
and e don double at current price of N41.

I no get power to follow you go DIAMOND but I wan enter insurance coys well. I got 5k of Crusader last friday, my target na 50k units.

Abeg advice this small pikin o!

Plus, Easimoni, how much do u think Crusader and Unic will be in say 6-12 months?

Plenty thanks!

Pumping roughcut et all make una yarn too o!!!

Everyone reacts differently to bonus issues. For me if the announcement of bonus is not driviing the price then I sell. In fact the instruction I have just sent to my broker is to sell all my UBN. Moreover, you've made more than a 100% so I don't see what you are waiting for. Even long term, many stocks are still better than UBN. Some people can never sell without getting bonus though, so you decide.

If you sell and you want buy insurance then Crusader is good at the current price and the price is still dropping but this may end soon.

Unic has risen a bit after the interim result was released so you may want to study it a bit since it lost momentum today.

For my portfolio, Lawunion remains the majority of my holdings as far as insurance goes.

wanaj0:
That one na usual gyration. It still traded at 17.50 which happens to be my benchmark price. Wait till it will start its race then we can start to talk

Just a joke really

Someone posted the results for Oando but I can't open it. Can anyone help with the PAT? Thanks.

@ easimoni - Did you go for the Ikeja Hotels? If the price drops again tomorrow, I will start joining the fray.

easimoni:
But the average price was N12.71. Some people bought/sold at less than the full 5% increase (I hope that was not my broker ); it's the first sign that the momentum might be waning.

I suspect you drove down the price when you hit the market .

Seriously the temporary drop in price portends a bad sign but my real worry is the TS. Many investors are selling because they don't want to be caught by TS.

See what you have all done to Diamond Bank now, rising up to 18.50 today