₦airaland Forum

nazzyon:
Hello,

Please, I need to clear something off my mind.

I bought a Bedrock Fund @ IPO. I don't have account with cashcraft. Is it necessary that I get a CSCS account?

Thanks.

Bedrock what??

bankymi:
roughcut,
You are very wrong.Habib and platinum bank merger happened long before the SR.In 2005 to be precise.They only did the SR to reduce the number of outstanding shares EXACTLY what access bank did.the article below will tell you that

Source: This Day Nigeria
Bank PHB has concluded the reconstruction of its shares. This has seen the bank reduce total shares in issue to 6.4 billion ordinary shares from about 19 billion ordinary shares of 50 kobo. Shareholders are expected to be issued one ordinary share each in exchange for every three shares they hold.

The total value of the holdings of shareholders in Bank PHB will not however be affected by the share reconstruction as the market value of bank will be adjusted to reflect the new number of shares in issue. This will see the bank's market price triple as the number of shares of the bank reduces. With the lower number of shares now in issue, shareholders are also expected to get higher value as the bank's earnings per share and dividend per share are also expected to triple. Share reconstruction is usually done to enhance the returns shareholders receive.

Bank PHB is a 2005 merger of Platinum Bank Plc and Habib Nigeria Bank Limited, which had resulted in the issuance of extra number of shares by Platinum Bank to shareholders of Habib Bank to accommodate them in the new bank. Following the announcement of the reconstruction exercise, the Nigerian Stock Exchange (NSE) placed Bank PHB shares on technical suspension. The technical suspension means Bank PHB's shares will not be traded on the NSE until all formalities on the share reconstruction is completed. Insiders familiar with the share reconstruction procedure say as soon as the NSE is informed that all processes have been completed and new share certificates are being dispatched to shareholders, the current suspension placed on trading on the bank 's shares will be lifted.

Meanwhile Bank PHB, will today celebrate one year of launch of its unique brand, which has continued to receive tremendous acclaim. Within just a year of its emergence, the Bank PHB brand has emerged as the benchmark brand in the Nigeria banking industry winning several awards in the process.

The bank's high visibility has been enhanced by a sterling financial performance, which has seen both profits and assets double while retaining a high level of efficiency in its operations. The bank's share price has also more than doubled within the period emerging as one of the top twenty most capitalized stocks at end of January on the NSE.
 
Source: This Day Nigeria

@ bankymi,wanaj0 thanks for your very insightful contributions on this thread,I now have added reason  to butress the fact that my buying ACCESS in the P.O was a good move,plus the fact that the stocks I’m targeting(of which PHB is one of the pack) will be good buys.
@ roughcut,ACCESS doubts or not(like I said in the last thread,you’ve made so much money from the stock),thanx for your initial position that brought out those wonderful contributions from wanajo and bankymi.Thanx again for standing corrected,am proud of all of you guys.Keep it up

teemon:
Everyday we go off to work trying to make a better life for ourselves and families (i.e. if you are married).
As commendable as that is, it would mean virtually nothing at all if we are not ACTIVELY planning our latter years along the way.
We must not just work to keep up appearances of wealth but create a legacy of real wealth that will carry us through our later years.

A lot of us probably invest in shares and stocks; but have we thought about real estate- really owning a genuine piece of property with the option of mortgage to build it at rates as low as 6%?

Guess it sounds too far-fetched. Well not anymore! In the fifth estate my company is selling at Ofada- a pivotal location of the on-going Lagos/Ogun Megacity project, i offer you an opportunity to become a land-owner first and a building owner after you have finished paying for your land; perhaps through the option of mortgage or pay-as-you-go building pattern.

PRIME ESTATE Phase 2 kickes off at just N24, 000 every month for 15months!
you will make money by speculating with this land just like stock trading

Key Points.
Genuine land-Global C of O
No Omo-onile antics and wahala.
An estate with a perimeter wall, earth road etc as facilities.

What you don't know might end up hurting YOU- and like i love to add, i am too christian to not be straight.

Call any of the numbers below or simpy send a reply- I'm simply asking that you join countless bankers, MTN staff, Glo and Celtel staff including civil servants who can boast of owning real estate in either Golden Heritage, Prime Estate phase 1 and/or Wisdom Estate, Ibafo.

Inspection to site can be arranged for you on any given Wednesday Saturday.

The rich and up-coming build and consolidate wealth through real estate. What about you?

A word is enough for the wise.

Good Day.

"I’m still with my senses!"

Timothy – 08053120902
Hakeem – 08067665977

Office: Realty Point Ltd | Suite C418b, Ikeja Plaza, Ikeja, Lagos |

Hmmm,sounds interesting instantly.Thank God you said you were (are) too christian not to be straight.But with what has been happening in Lagos nay Nigeria,even under the guise of christian/moslem/juju brotherhood,you wouldn't blame any cautious (not sceptical, mind you),fellows like me,if we dont receive this info with the kinda enthusiasm you may have envisaged.Will get in touch with you though cos like I said,it sounds interesting.

aktopgun:
NO NO NO ENOUGH SAID. I GET THE PICTURE

BUT BANK PHB ARE ON SUSPENSION ARENT THEY? DO You MEAN BUY THE PO WHEN IT COMES OUT?

HOW DO You FEEL ABOUT ACCESS BANK THOUGH?

I think it's a bit late to jump on the ACCESS bank bandwagon now.Those that bought some years ago have gained over 1000%(reconstruction or no reconstruction),even those that bought during the last P.O can still sell @ over 30% profit when the stock attains its early 20s(which is the price I don't expect it to be less than by the time the certificates are out).

On the other hand,towing the line of Roughcut,you may wish to buy either/or both of Wema and bank PHB,when they hit the market with their P.Os.Personally,I've got Costain(rights issue) and PHB(P.O)locked and within my firing range, finger on the trigger

pumping777:
I don't think it will be worth the effort. You are looking at 2 weeks before the closure and personally I don't expect a gain beyond 10% if it even goes that high. The results were not fantastic and though the bonus offer is stimulating, this has been know for about 2 weeks and the stock never really rallied.

Yep,it didn't really rally,but for a bank that has very strong corporate governance,not too bad financial strength and a growth projection of over 20% within 12 months,added to regular bonus issue and reasonably regular dividend payment,I think Union bank is good,especially in the long term

Much as I appreciate the need for our banks to raise as much funds as possible from the capital market in order to be able to finance more high ticket projects especially in the oil and gas and telecoms sectors,I don't think Zenith bank's current move to come to the market will be attractive to new entrants into their stock family,maybe existing shareholders who may want to take advantage of the rights issue

@ Rough cut,
[, On Japual oil you may want to take advantage of the discount being offered and it's profitable according to the prospectus but i don't think you will realise any appreciable returns in less than a year's time but then if you are new to investing in the stock market your time horizon should not be less than 12 months ]
I beg to disagree with you that those that bought Japaul p.o will have to wait for up to 12 months before they can realise any appreciable returns.Are you saying it will take 12 months before the share certificates are released? I believe the certificates will be sent in less than 6 months,and when the TS is lifted,anybody that sells by then @ N6.02k even before the expected bull run will still clean out over 34% profit.

On the other hand,thanx for all your insightful contributions on this thread

@Olumighty,

Congratulations,and thank God for you.I'm a Cell Site Build contractor n av submitted my profile wit Multilinks/Telkom,confident of becoming one of their contractors because I have strong faith in Telkom and what they intend to do with the cash injection expected over the next five years.If you are in any department that I may come across you in due time,or you if just want to,then email me @ engineerdon@engineer.com.You never know

[Nice one, Nice one! They caught me off-guard. Only N150B over 4B new shares? After the shareholders approved 5B new shares? 5 divided by 4 is 125%. They already made provision for the 25% oversubscription they are allowed to absorb without wahala. They are indeed the masters!]

When  is Zenith's P.O coming out

I think the afribank P.O @ 25 bucks is too expensive.Are my wrong?how good are their fundamentals?answers needed ASAP pls

[I told my friends about COSTAIN since Aug esp folks no wan listen, and thought I was crazy for it taking 50% of my portfolio and straight mad when I started aiming for 75%.
I will buy at the N10  price for rights offer, but even the N13 is awesome for those interested. I will also be selling during the bullish run post release of the cap  
I knew in Aug/sep speculation was that this would happen in Nov, but then wasnt sure if they'd wait till Dec

]

Just let me know when the P.O is out

[I told my friends about COSTAIN since Aug esp folks no wan listen, and thought I was crazy for it taking 50% of my portfolio and straight mad when I started aiming for 75%.
I will buy at the N10 price for rights offer, but even the N13 is awesome for those interested. I will also be selling during the bullish run post release of the cap
I knew in Aug/sep speculation was that this would happen in Nov, but then wasnt sure if they'd wait till Dec

]

Just let me know when the P.O is out

Hi Guys,took a look @ oceanic bank's results and it looks attractive.D'you guys see it hitting 45 naira in three months time?Again I'll like to know if vitafoam is fertile ground

@ cynthia 75

Thanks,you hit a bull's eye there.Matter of fact am on EVDO,but cos I travel round the country most times ,I'll get a GPRS enabled internet access just in case,but I sure wont go for anything costlier than EVDO

[My dear you started by chastising me and ended up agreeing with me.
If these touts carry out their threats it may become my business and a whole lot more.
I am Nigerian,I have relatives in Lagos.
Any disaster in Nigeria will affect me and mine.
I may live outside of Nigeria but Nigeria is my home and I visit often.
Like Alqueda,they haven't given a day for the attack so we don't only need panadol for this headache but Fentanyl,morphine and percocet,]

@Nwando

My bad.I apologise,didn't mean to lump you with Whackos like jujukemist and Willy Willy,T'was a "slip of the keyboard".Hw you doing girl??

Mmmmm,FCMB and Fidelity are not really freaking me now,I now av 'em in my plan B to-do list,am going after some pennies like African paints and C & I leasing

Juju and willy


Forget about any disaster,you talked like one completely ignorant(WHICH YOU ARE) of the politics of the ND,these guys are thieving COWARDS.It's only a fool or one of them that will call them freedom fighters.They are just common criminals,extorting money from legitimate business people because they are armed.I know how much I paid(grudginly)to these bastards to release my barge last year,which they hijacked,they said they only reduced the money because we spoke the same language.Yet some IGNORAMUSES will come to this portal and be writing rubbish about emancipation of niger delta calling those criminals freedom fighters.Whose freedom are they fighting for,when they are the very one depriving people of freedom.
Well sha,na so our so called elders first dey shook hand for we eyes,till their cup full,per this criminals for we place so ehh,their cup go soon full,no matter what all the IGNORANT people say in approval of their criminality here on this portal.But make we dey use our tongue count our teeth.

About the deve,that one na mai mai,e full everywhere.

Please can anyone tell me where I can get MTN shackpod on the Mainland,preferably Ikeja area.I need to know more about the stuff,i.e the price,mothly access fee,speed of download and the rest.Can anyone help??

Jujukemist,willy wilyou guys are just myopic you're you're allowing ethnic sentiments 2 becloud your sense of good judgement & reasoning.From hindsight,I can tell the troika of u guys are not even from d main ND,so abeg make una no dey gwens panadol 4 another man headache.No doubt,I'm frm the ND,but to call a spade a spade,na we leaders (elders)first dey shene us give all them shell,chevron,agip etc in those days,but when our eyes open in the late 80s,na him youths come dey hold ground say any elder/leader wey do anyhow go must see anyhow,so many many gbege come dey that time,as a result pipeline burst for all these guys wey come dey answer militant now.Admitted we had genuine agitators in times of yore like Isaac Adaka Boro and Ken Saro Wiwa,but tell me all the crude wey these guys dey thief dey go fling give those russian buyers for sea plus the plenty plenty bank robbery and ransom wey them dey collect frm hostages,which widow or poor family for ND them don use am help?Instead na to go buy more arms and barges 4 their selfish/criminal interest be their levels.
Tiff na tiff,terrorist na terrorist,bobs live oo,which eye una take dey look d mata sef,if those idiots make fem outside d creek(which I know dey can't do because they are cowards that only strike when it is convenient and run back to the creeks),,  for them.
Accepted,there has been a sonscious neglect of the ND as a whole for years now and VERY URGENT and massive developmental projects should be earmarked for the area.But in the last 8 years,the fed govt tried to make an impact by apying derivation funds to the ND states.We must ask ourselves what happened to the billions collected by Ibori and Odili as derivation fund for 8 years.Where did Odili get funds to float an airline?where did Ibori get funds to build a refinary in SA?
The only thing I saw in my state was that Ibori just painted all the primary schools in then state in one colour.We all know how much he donated to the yar adua campaign purse(obviously to attempt to make the president call off EFCC from his case ).Presetly Delta state has a debt portfolio of 45 billion naira,even with all the allocations Ibori collected for 8 good years.Sowho is marginalising who?
NDDC is there,Yar adua has promised to pump in funds to actualise the ND dev planMe I know say anyhow anyhow,ogoro must jump because goodluck dey there wit am.So make we forget about this guys wey their eye don tear for big pepper(what withall the bunkering runs?)and who have no body'snterest @ heart but the interest of their bank accounts.
I for no write this long piece,but na because I no want make una dey yarn opata take dey deceive people.

Jujukemist,willy willy you guys are just myopic you're you're allowing ethnic sentiments 2 becloud your sense of good judgement & reasoning.From hindsight,I can tell the troika of u guys are not even from d main ND,so abeg make una no dey gwens panadol 4 another man headache.No doubt,I'm frm the ND,but to call a spade a spade,na we leaders (elders)first dey shene us give all them shell,chevron,agip etc in those days,but when our eyes open in the late 80s,na him youths come dey hold ground say any elder/leader wey do anyhow go must see anyhow,so many many gbege come dey that time,as a result pipeline burst for all these guys wey come dey answer militant now.Admitted we had genuine agitators in times of yore like Isaac Adaka Boro and Ken Saro Wiwa,but tell me all the crude wey these guys dey thief dey go fling give those russian buyers for sea plus the plenty plenty bank robbery and ransom wey them dey collect frm hostages,which widow or poor family for ND them don use am help?Instead na to go buy more arms and barges 4 their selfish/criminal interest be their levels.
Tiff na tiff,terrorist na terrorist,bobs live oo,which eye una take dey look d mata sef,if those idiots make fem outside d creek(which I know dey can't do because they are cowards that only strike when it is convenient and run back to the creeks),,  for them.
Accepted,there has been a sonscious neglect of the ND as a whole for years now and VERY URGENT and massive developmental projects should be earmarked for the area.But in the last 8 years,the fed govt tried to make an impact by apying derivation funds to the ND states.We must ask ourselves what happened to the billions collected by Ibori and Odili as derivation fund for 8 years.Where did Odili get funds to float an airline?where did Ibori get funds to build a refinary in SA?
The only thing I saw in my state was that Ibori just painted all the primary schools in then state in one colour.We all know how much he donated to the yar adua campaign purse(obviously to attempt to make the president call off EFCC from his case ).Presetly Delta state has a debt portfolio of 45 billion naira,even with all the allocations Ibori collected for 8 good years.Sowho is marginalising who?
NDDC is there,Yar adua has promised to pump in funds to actualise the ND dev planMe I know say anyhow anyhow,ogoro must jump because goodluck dey there wit am.So make we forget about this guys wey their eye don tear for big pepper(what withall the bunkering runs?)and who have no body'snterest @ heart but the interest of their bank accounts.
I for no write this long piece,but na because I no want make una dey yarn opata take dey deceive people.

I had wanted 2 buy Fidelity shares but my stockbroker said he preferred FCMB that they had better fundamentals.As a result I'm thinking of spliting the funds 50-50  btw FCMB and Fidelity cos I think Fidelity is good too.What say you nairalanders??

Man Jiro,Rough cut, easimoni I heard some foreign investors are about to inject funds into African Paints,and they are having a management make over.Took time to monitor the stock for like three weeks now and it apprcted by 4.9%.
Is it true that the investors are coming in and what is the quantum of funds xpected 2 b injected

Please can anyone tell me where I can get MTN shackpod on the Mainland,preferably Ikeja area.I need to know more about the stuff,i.e the price,mothly access fee,speed of download and the rest.Can anyone help??

If I buy C & I now,will I benefit frm their expected Jan 2008 reward for shareholders or is it too late now

Easimoni,roughcut hw y'all doing.Guys I had a blessed week.Though I was so sad to learn of the deaths of Yemi Tella and Lucky Dube.May their souls rest in peace

Man Jiro,Rough cut, shigidi, easimoni, aylala & all I hail oooooooo.
What is happening to insurance stocks,is it advisable to buy now that they are falling?Is that sector stable yet?How d'you guys c UBA,there results look impressive,the thing just dey disco me,so I be wan put some pepper for like 4 months,but I no know how the levels go be

Man Jiro,Rough cut, shigidi, easimoni, aylala & all I hail oooooooo.
What is happening to insurance stocks,is it advisable to nuy now that they are falling?Is that sector stable yet?How d'you guys c UBA,there results look impressive,the thing just dey disco me,so I be wan put some pepper for like 4 months,but I no know how the levels go be

MEND is just an acronym that that ha sconferred undue relevance to criminals.Let,s call a spade a spade,those guys are just common criminals pure and simple,in whose interest are they "agitating"?Iam from the Niger Delta,I have projects there too so I know what I'm talking about.From the hundreds of millions they have made from stealing and selling crude oil to their russian buyers(illegal bunkering)and,as some have alleged,bank robberies,pray tell,which poor Niger Delta family or widow or orphan have they assisted in any way??From where I stand,I know the criminals will not do it,there is far too little pecuniary benefit for them in such foolhardiness

Easimoni,frankiriri,aylala & all wat are d prospects of african paints having over a 500%appreciation in the next 6months?Yea,again am putting some good money in fidelity PO smells good to me.Holla

Easimoni,frankiriri,aylala & all wat are d prospects of african paints having over a 500%appreciation in the next 6months?Yea,again am putting some good money in fidelity PO smells good to me.Holla

This forum is for serious business of investment,pls let's keep it that way