jideakin1:

hmnmn, Oga pumping, thanks a lot.
What do you say to soverign trust? I think the stock is quite cheap at 5.62, another thing is I don't know which of their result shows the N333.1m profit, NSE website says it's 3rd qtr, I have another document that says second qtr result PAT=N333.1m. Do you know which is the truth?

Well, I don't consider it cheap with a forward PE of over 57x.

It is the Q-3 result that is N333.1M.  If CICO fails and you get stuck with this one when their full year result is announced, you won't be too happy.

Another reason why I am risking a stock like Mbenefit is that they had a bad last quarter. This was meant to be due to some major claim. If this is reversed and they return to their earning partern, the full year results will still justify the current price even if there is no spike because the earnings yield will probably still be no more than 4%.

aktopgun:

PUMPING, I am sure u've looked at the chart but i thot i'd post it here for the others.

on MBENEFIT.

unic will follow

Correct guy. I have one major disadvantage as I don't have an agbero broker. I try to anticipate and buy early but hopefully near the lowest price of the day when the price is still falling. If the price spikes on Monday and the stock goes on bid, na story my ajebo broker go dey talk

windywendy:


@Pumping, make you beware of this insurance sector o. Looks like oasis has spoilt their show. IBTC had been warning that investors will be disappointed by the time these insurance companies start to release results and reward shareholders with peanuts. Truth is most of them don't have the cash to pay mouth-watering dividends, even if valuations appear reasonable. And you and I know how the stock market likes to spark once a company comes out with rewards that are considered below expectation. Na real caveat dey there o!

You talk well. My heart dey my mouth as I dey venture for this region but I bin don hammer in the last 4 weeks in that sector mainly by being lucky and greed no gree me comot there again. CICO for Lawunion, Prestige and Staco don spoil me    

Anyway, I agree with you but there are 2 insurance stocks I must be in wether they release results or even do PO. I believe these will deliver. Sure, I can vouch for most and for those ones I am ready for even 3 day CICO before dem trap me with woeful results.

If another week of depression continues in insurance though and we start seeing real good valuations, I am loading up fully on some of them because the results will still justify a price spike.

jideakin1:

Pumping Abeg, since you don position already, I guess you have nothing to loose.
Just give us hint on the two

Yes, nothing to lose except it's bearish again next week 

Anyway, I had eyes on Unic and Mbenefit. Beware of potential TS for Mbenefit sha.

These two still have reasonable fundamentals and have lost a chunk of weight.

Me dey try buy at lowest price of the day sha o.

Caveat Emptor Plenty.

Naijadr:

@nkc and pumping

Thanks!

pumping, I've been waiting like 7-8 weeks now for CSCS folks to activate my online acct, the thing don tire me ooo

That's a long time. Why don't you call them? Try reaching them on the number for the trade alerts.


234-1-8923627
234-1-8923628
234-1-8179742
234-1-8179743
234-1-8179744

The first number worked for me.

nkc:

@naijadr, before pump comes

enter 0091********,
hope u grab

I suppose this will work as well.

Using the + is more universal since you don't have to worry about the international access number like 009 for Nigeria and 011 for the US as an example.

Naijadr:

@pumping, abeg do u have any idea when BGL will fix online portal. Plus how do u receive trade alert here in the US. How do u enter the phone # on CSCS website.

Thanks!!

I don't know. All their promised dates have not been kept so I've stopped asking. With access to my CSCS account, I only need my Naira statement which I ask for periodically.

I described the process in one of my previous posts. The format is +1xxxxxxxxxx

gabza:

You guys have expunged an old Mugu seeking for respect.
I have some respect for sell by subscription.

You are busy scheming your re-entry into the Insurance sector.
Without candlesticks or searchlight, it may be suicidal.
Can someone bail us out now?

Stop speaking Japanese na

SavvyLanre:

Pumping - it seems the bull would be returning to the Insurance sector next week. What do you think?

My sister don commot eye for that side, but i know say she would turn around by the time she sees the trend, over the weekend.

I feel so and I have positioned for 2 I hope will do well next week.

This week was not all bearish for insurance. Lawunion delivered big time for a quick CICO. I've used the loot to tie these 2 down today for next week and once I'm finished I'm back to Lawunion shap shap.

stocknrock:

Has anyone recieved tradealert for today yet? Cos I tell ma _dumbass broker make him help me buy bread for bigtreat today o! na so I never recieve tradealert yet?

Anybody get am today? abi shey them don get am wey tradealert never alert me??

Yes I have. Plenty sef.

Japaul will just be like Oceanic. I don't see the reason to sell in panic. You will not be able to verify the certificates since the PO shares are not yet listed. They can't be listed until after closure of the register.

The new certificates are not at par with the existing ones. They don't qualify for bonus or dividends. Check the prospectus. How will you differentiate between the two when you try to sell them at the same time?

Expect Japaul Year end very soon. The goodies are reserved for only those that have existing shares.

Oceanic price rose to around N38 after the FY results because PO shares did not share from the goodies. After the closure of the register, the PO shares were listed and this drove down the price.

Caveat Emptor patapata.

@blueband, @Napoleon

Let me say each person has expressed himself. I think it is healthy to vent out when we disagree.

Abeg make una both no vex sha. Make I apologize to anyone that felt offended for one reason or the other. E pele. N do. Ajose wa o ni ba je o (Our joint efforts will not be fruitless).

All fit be misunderstanding sef. Make we forget am for the sake of the house.

samstone4:

@ Pumping

I think the target price of Costain given by the MD as 30 Naira in 2009 refers to the diluted post rights and PO price.

Samstone4

That is why I said this is warning for a long term investor not to buy beyond N30. Short term traders can take advantage of the current scarcity before the PO certs come out.

buzzgonz:

pumping777 - LOL Bros no bi so i just want flow with this stock thing!
haba is like na only me remain oh!

Send me mail instead

K2:

Could you check your email please? Thanks.

This one works. I don reply you shap shap.

buzzgonz:

pumping777 - Guy abeg make we chat about Stock i dey yahoo dey wait for you.

Make I leave my work dey chat NSE with you for Yahoo?   Na Yahoozee be dat na.

How much you go pay me sef in case dem sack me  

shigidi:

yudiyokun, please why is evry1 so into bigtreat, is there any fundamental analysis im missing, have they released a result i don't know about?

Nothing dey there at all. Na just CICO after support level from the recent big drop. The fundamentals are woeful but na dis kin stock dey make money for NSE these day

I can't recall who brought up the issue of Japaul.

Like I suspected, the fall of Japaul has been halted and it spiked 5% today after some gains yesterday as well. This is an opportunity for you to test your greed level again. I asked that you wait for another short bull run to sell. Are you ready to sell tomorrow? You would have cut your losses or increased your gain especially if you try to sell at the high for tomorrow. If you decide to wait to see where it gets, hmm, note that it can come down again.

At around N12, Japaul was too obvious a CICO stock. I could not resist it. 

Happy investing.

bigjay01:

no mind that Diamond, e don de behave like "iron"

I don give warning say GDR conversion go worry the stock for now. Many of us that bought via GDR in December for N16.50 already have CSCS credited. People go sell na.

bigjay01:

wasnt it in the report for YE 31/03/03 that they reported exceptional items from the sale of some their assets?

You correct about that but a PAT of N26M for Q-2 does not cut it yet. Let's wait for FY 2007. Exceptional items may not be reported till that time.

beginner:

Pumping please reply

Oceanic or uba or first bank or any combination of the two. Thanks

beginner:

Pumping

I intend to hold for one year.

If I have to choose only 1, I will go for UBA. The possibility of bonus is much higher and the stock is really under-priced. The bonus potential is one reason for which I will pick UBA.

If I have to choose 2, I will go for UBA and FBN. The earnings potential of FBN is great and end of year goodies should be juicy. It many not include bonus but significant PAT with generous dividends should do the trick.

Ok, why did I not choose Oceanic? It's good value alright but you asked for only two. Personally I think you can also put this in the mix. The lower nominal price will be an advantage.

Caveat & Emptor joined together.

bigjay01:

This is no fresh news, it has been in the public domain for a while, check out wanaj0 spreadsheet. This result is for YE 31/03/07. Livestock feeds is making a turnaround, Q2 PAT is about N23m. Whilst this is not fanatastic, I think it is +ve signs, they might make N50m for YE 31/03/08. Compared with 8.23 for YE '07, this shows a significant turnaround.
My opinion though, usual caveats

Disclosure - Livestocks feeds is sitting pretty in the risky portion of my portfolio

If you look closely you will find that Livestock has been reporting exceptional items as profit so I don't see a +ve turn around yet.

They also proceeded to dilute the ownership by doing a PP after the rights issue!!! Forward PE is around 230!

---------
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.
--------

Sure you can keep this stock short term but anything more than that is more than risky.

beginner:

Pumping please reply

Oceanic or uba or first bank or any combination of the two. Thanks

For how long do you plan to hold the investment?

mecatchcha:

@WindyWendy, @AkTopGun, @All,

Please, how do I get an Agbero Stock Broker. My broker be toddler, be like say him dey shy for floor.

WindyWendy. helpooooooooooooooooooo. Never make any damn profit this year. Na so so RED my spreadsheet dey show.

You just need to change your strategy. I don't have an agbero broker but I get by. Since you know the level of your broker, don't send mandates to buy stocks that are on net bid gaining 5% daily or to sell stocks that are on net offer losing 5% daily.

Try to buy or sell before the herd action starts otherwise you keep getting your stocks when there is a price reversal.

Otherwise, forget CICO and go medium term so you don't need to focus on stocks that just make 5% gains on a daily basis for long periods. These are hard to get once the action has started if you don't have an agbero broker.

bigjay01:

This is no fresh news, it has been in the public domain for a while, check out wanaj0 spreadsheet. This result is for YE 31/03/07. Livestock feeds is making a turnaround, Q2 PAT is about N23m. Whilst this is not fanatastic, I think it is +ve signs, they might make N50m for YE 31/03/08. Compared with 8.23 for YE '07, this shows a significant turnaround.

My opinion though, usual caveats

Disclosure - Livestocks feeds is sitting pretty in the risky portion of my portfolio

You're right. However, the news is being recycled by some media houses. Sometimes this is how companies say they have done their due dilligence in making information about the performance of the company visible so it does not appear there is an intentional manipulation of prices.

Consider one other subtle example. The MD of Costain said they were projecting the share price of Costain to be around N30 in 2009 when the stock price was already over N30 at that point in time. This is a way of signalling that the current price is not realistic and investors should be wary. However, for those positioned for temporary CICO and then re-entry this is nothing to worry about. However, this is the cue for a long term investor of the stock to be cautious when buying above that price.

pumping777:

Ha! ha! ha!

Abeg guys. I can't stop laughing. Something happened to me today that is so funny, I can't help myself.

I mentioned here that Cashcraft was my first broker. After my very first transaction with them, I was so upset, I just packed my luggage run comot. They bought me about 90k units of Fidelity and I was so upset I just left everything with them. I did not even want to have anything to do with them.

If anyone remembers, someone came on this thread and said they are world class and many folks screamed. Anyway, that also reminded me of my Fidelity so last week, I went to their online portal and put in a mandate to sell the around 90k units of Fidelity.

Today, I logged on to my account and found they BOUGHT around another 90k units of Fidelity Bank for me instead of selling!!!!!!!

Na real arm robber brokers this ones be. World class ko, gutter class ni. I am so annoyed I just have to start laughing my head off !!!

I dey go house go laugh well well.

Make una warn WitchCashcraft o.

samstone4:

@ Pumping and Ioma

Following the intervention of Ioma I have decided to send my Delta Force to supervise Pumping's action against Cashcraft.
Pumping. Go ahead with your plan to write SEC and copy Cashcraft.

Make sure the copy to Cashcraft is addressed to the MD.

My Delta will be in the background to put his favourite dog's head in his bed.
To make him an offer he can't refuse - as we used to say during joint operations with the Cosa Nostra.

Samstone4

All Correct!!!

Abu-Maryam:

@ Temmie
My broker is APT SECURITIES.

@Gabza
am not gona be greedy my exit was 14 naira the reamaining na jara.

@pumping
if u bargain more i will consider it. My exit plan waz 14 bt due to system crash it reaches 15. We don reach friday be that.
GUNNERS FOR LIFE.

Na. I don't do business with GONERS

gabza:

OBJ, Uba and Ndidi are flying on the presidential jet used for bringing back new Naira notes printed abroad.

OBJ looks down and says: "I can throw down a N1, 000 note bundle and make one person happy.
Uba says to him "I can throw down two N500 notes bundles and make two people happy.
Ndidi laughs at them and says: "I can throw down five N200 notes bundles and make five people happy.

The pilot looks at the co-pilot and tells him: "such arrogant people! can throw three of them off the plane and destroy Third term, Anambra State and Transcorp
why didn't he offload the plane & make 150 million people

Abu-Maryam:

Nairalanders
Please pumping help me broker the sell of my 400kg of c&i leasing at 15.43. My broker is telling me their system crash like sosoliso abi na bell view de no fit access any account. Aktpgun are u interested ?
me ku na help me secure my spreedsheet money

If you gree N12 I go consider am but come to think of it, wetin make I do with all these kg wey me sef get

SavvyLanre:

"Ewo" Kai, the thing dey pain me no be small - na which kind armrobber broker be this,  I don warn many people make them no go near Cashcraft.
But, for this one,  them don mess with the wrong person. If to sey i get boys, i for send them go cashcraft on behalf of my brother, pumping. But, the one wey i know - if i vex too much i fit close cashcraft.

Egbon mi Pumping, na which one you choose.

Thank you too much jare. Make you do all jo!! Dem too vex me sef

blueband:

The day you sell your Fidelity cashcraft will take their 1 million naira from you.The only way out is to deal with it now and deal with it aggressively.

Yes, you really got my point. I already woke somebody up from sleep after midnight today in Naija and he will strike one time. Yeye company.

We no suppose dey talk Caveat Emptor again. Na Cashcraft Beware