₦airaland Forum

aktopgun:
TO BE FAIR TO THE GUY HE DID SOME SWEET ANALYSIS ON THE SITUATION WITH COSTAIN LATER AND MADE A You-TURN AT THE END.

I AM REALLY BEGINNING TO FEEL THIS SHORELINE COMPANY You KNOW, MUST FIND OUT MORE ABOUT THEM (note to self)

Sometimes when you ANALYSE too much you PARALYSE your profits _{i'm going after the new subsidiaries now}

aktopgun:
TO BE FAIR TO THE GUY HE DID SOME SWEET ANALYSIS ON THE SITUATION WITH COSTAIN LATER AND MADE A You-TURN AT THE END.

I AM REALLY BEGINNING TO FEEL THIS SHORELINE COMPANY You KNOW, MUST FIND OUT MORE ABOUT THEM (note to self)


[

And this is what i said back in October regarding Costain

Here are some numbers to digest for Costain (WA) Plc

Outstanding shares listed: 159.9M
Current Market price : N19.49
Trailing PE Ratio (YEnd Mar 2007) 72.19
Trailing EPS 0.27

Forward PE Ratio (YEnd Mar 2008) 2.85
Forward EPS 0.60

They are hoping to grow their EPS and by extension their PAT by a massive 122%. Already for the first three months of this year (YEnd Mar 2008) the PBT(Profit Before Tax) is N120M and they grew their turnover from N1.1B YEnd 2006 to N3B in 2007 a massive 174% leap.
As a minimum i'm expecting the share price to cross the N25 mark(considering the rate at EPS is projected to grow) by the time they report in March next year.
Going forward this is a good one and deserves the award for one of the most improved stocks (share price was N1.46 as at January 2007) and this was a company that was rapidly going into terminal decline until it was rescued by Shoreline Power company. They have also changed their business strategy by concentarting on contracts from the private sector a strategy which seems to have paid off. All their recently awarded contracts are from the private sector.
The contracts on their order books are in excess of N5.5B and in the last 24 months they have invested N1B in capital/equipment and in the next 12 months it is planned that a further N2.5B will be invested in operating assets and they hope to start paying dividends in the next 12 months
The parent company has also committed to recruiting 170 graduates every year in their quest to become the biggest engineering conglomerate in Africa. These are sentiments the market and investors alike like to hear.

They are planning a PO(not sure but very soon)

This is a stock you might want to watch!

aktopgun:
this brought a smile to my face when i read it and i remembered Roughcut and Naijadr. it was written by an investor on another forum in Dec 2007, after he read the Costain prospectus.

I bet he is probably kicking himself now because i hardly see the price going down to N13

enjoy your holidays.

I am not impressed with this offer. I took a look at the prospectus and found that diluted PE ratio for 2008 is as high as 27, although it drops sharply in 2009. Diluted EPS adjusts for (adds) the shares that are currently on sale. I wouldn't be in a hurry to buy in the PO as its evident that there is not going to be a run up in price in the short term given the high 2008 PE. I would consider buying sometime mid to end 2008, when the funds being would have been deployed and should have started generating returns. In otherwords, the stock price should not move that much higher than the PO price of N13 ovr the next 6-12 mnths. I may be a buyer then, not now! Also note that his company has generated negative free cash flow for the past three years. Not my kind of investment!

I guess he didnt see it coming and didnt factor in the big "S" (sentiment) into his analysis. he is now the wiser i guess

That is what i call ANALYSIS PARALYSIS

I bet that the fellow who did the analysis is an accountant and he's only looking at  cashflow and all what nots. I look at the business model and the strategy and so far it has worked and made some millions for me in profits even just for this Costain alone. I didnt buy into the PO though.

easimoni:
LOL! Na real military school! So tay them no gree do 9-80   But as we say _{(or are told to say)} you can't argue with the numbers.

You fit decode that one?

RoughCut:
Yep ABC did another spinning top today so looks like where the price is heading will not be resolved in a few days. The spinning top is in the context of a bullish trend just like lastt friday i think it should be easy to predict what will happen tomorrow

My mistake ABC did not do a spinning top today it did a FOUR PRICE DOJI.The body is extremely short and no shadows meaning the level of activity during the trading session was low. It Opened and Closed at the same price. This means there was a struggle between the bears and the bulls and nobody came out with the victor's trophy essentially a draw. It opened and closed today well below the lowest closing price of yesterday and with the low volumes the sellers are running out of ideas and volumes and they may not be able to put  up a resistance if the bulls decide to make a fight of it tomorrow.

Note that this is the hliday season and the sentiments may change the sellers may decide they want to do some shopping and may come out of their hiding places in which case they will whip the bulls into submission. This is just another of the scenarios that may play out today so watch the space!

The bearish trend looks like its running out of steam very fast and tomorrow the bulls might just have the upper hand

I need to make amends if i have created the wrong impressions and as for EMPTYING THE CAVITY  my posts on ABC is not a stock recommendation unless someone specifically asks me then i can with the usual CAVEATS.

My posts were an observation and analysis of the patterns i deciphered from the candle and sticks!

blueband:
As this is an open forum you will find doctors,I.T specialist,Engineers,Accountants,Danfo Drivers,Armed Robbers,419ners.Let us continue to ignore the posts that don't matter.Because as I said there are different people from different backgrounds on this Forum.

Who dey go West Australia?Chei, I remember in 2005 a colleague and myself were offered jobs in Rockampton,Australia.The pay was eye popping.Running into 6 figures.The job had a jeep attached to it.The hospital accommodation had a swimming pool and it was massive.Who will refuse such an offer-?
Well, Rockhampton hospital was going to have it's first black doctors in the department and in Australia ,racism is almost a state policy.After listening to my Australian friends I turned down the offer.So did my friend.If you live in the UK try and watch "Border Control".It's about Australian Airports,Immigration and customs.Not a very nice place to go to,

Yeah they are still struggling with how to deal with that issue over there. Remembered a few years back when there was a massive row over refugees that were stuck in australian high seas for some weeks.

It caused a big ruckus that led to all sorts of diplomatic incidents when australia refused the ship carrying refugees entry into her territorial waters and the poor souls were stranded on the seas for some weeks can you imagine?

mecatchcha:
Totally shunning to irrelevant topics.

Make we launch another IGNORE IRRELEVANT comments campaign ala Aktopcandle

Moves:
With all respect- Could you please explain your reason for not wanting to allow peace to reign in this forum as you have been repeatedly been asked; just today alone you have repeatedly insulted the integrity of members of this forum by casting negative aspersion on them. If you have ulterior motives kindly let us know as many people will support that if you are upset about elder napoleon saga and most members of the forum have alluded to the loss of both his person and inputs, but it has gone on for too long, this is not a thread to discuss personal matters, it is reserved for stock market kindly leave out all snide remarks.

We have agreed to I[b]GNORE[/b] comments that are of no benefits to this forum i think the house is with me on this one.

Dont dignify any pugnacious and repugnant comments with your response please. IGNORE it in its entirety and lets go back to the way things used to be.

pumping777:
I always say my own. See the email I was sent by Napoleons "PA"
----------------------

----- Forwarded Message ----
From: Ola Fajemirokun <fajemirokunoat yahoo dot com>
To: Pumping Garro <pumping777 at yahoo dot com>
Sent: Monday, March 17, 2008 3:51:25 PM
Subject: Re: Fwd: Email Follow Up

You are clearly highly immature. I have no idea how you met the Chief but it was due to his request I sent you what I was asked to do okay. I have realised that I should not have gone further to add my own narrative but should have only sent you the links. Then none of this embarrassment would have taken place. You went ahead to not only forward links which I told you were confidential but you also emailed around the email I wrote to you. You knew exactly what you were doing. I will not allow somebody like you to put me in a position whereby my inbox gets spammed by fraudsters like yourself. I am serious minded person and have no time for small pocketed chaff.

End of discussion. Never you forward my mail again whoever you are.
------------------------

You see why I refused to paste the links? So I should have pasted the links and had my own email bombarded by folks asking about a PP I know nothing about?

The guy announced here that he was sending me documents to share with the house and then I share it, he says it was meant only for me? I sent him back his links to paste himself but na lie. See wahala in the house?

Armed robbers full everywhere PA ko, daughter ni.

The whole saga is just very unfortunate. You dont deserve this at all haba!My bro no vex just regard the whole episode as an unnecessary irritation

Prince11:
@Wanajo /All

Have you got Omatek PP application / prospectus, please send me a copy (ere_mak at yahoo dot com)
I was also told that they have terminated the relationship with GTB/Zennith, is that correct ?

Thanks

Nope they were in the SMEEIS or something like that  which means GTB and Zenith lent them some money and in return for equity positions in Omatek computers now that Omatek has done very well they have bought  out the holdings   GTB and Zenith had in the company so GTB and Zenith do not have any more shares in the company

[quote author=invisible! link=topic=31554.msg2069203#msg2069203 date=1205858167]So, Greentree, which stock recommendation are you giving after your long sermon?[/quote]That na the 'koko' abi?

loma:
All the way in Western Australia? Greet Uncle Adisa for mw when you get there o!

wanaj0 dey for jet wey dey go all the way to Australia already  with all him stocks na

richieade:
Una go chop koboko this weekend when we come to cinema of dreams.

You mean the theatre of NIGHTMARES

damoche07:
Arsenal will rise again.

Arsenal never died in the first place they are just conserving valuable resources for the journey ahead. This is not a slap and dash or CICO_{couldnt resist the pun} we are primed for a marathon race and that means use your resources more efficiently.

We dont want to reveal all the title-winning weapons in our Arsenal do we?

No!

wanaj0:
As na Houston you dey, no need answering your question

Will be doing an MBA or MSC in Economics in Curtin University!!! That should tell you the place now!!!!!

I know where you will expending all that NSE goodies now If you are going to be in the Middle East Qatar or Bahrain by that time you fit buzz me!

wanaj0:
Roughcut, you no see the big qualifications wey them dey look for?

Me I be Engineer. I no be broker. If them dey talk about black gold man pickin fit talk!!!

Aside, me no dey get paid just for talking OOO. I talk for fun.

Additionally, by Summer, I should be in Diaspora!!! The thing dey pain me no be small. Imagine being far from NSE!!! When offers open and close same day!!!!

Mr President needs those who will be in diaspora by that time as the seminar is in UK. You fit reply to him e-mail na

aktopgun:
BRING BACK EASIMONI
BRING BACK EASIMONI
BRING BACK EASIMONI
BBRING BACK EASIMONI
BRING BACK EASIMONI
BRING BACK EASIMONI
BRING BACK EASIMONI

This is also for all others MIA missing from n'land

aktopgun:
hey girl!!!! wahts cracking. We've missed u big time (at least i have anyway ).

don't be a stranger



@Hombre Easi

i holla. ki lo n shele. missed u. couldnt entice u to post more regularly could i? please man. look i know u ar e busy and all but really we need u here as well. e na easi ma men, e na easi. we need your input big time

what say u nairalanders? what say u? i am launching a campaign to bring back voltron easi full time.

Seriously man, please consider it.

@barge, same goes for u as well

Now that you mentioned it put me down on your list for the campaign

MrPresidnt:
@RoughCut

Thank you mate for your help, much appreciate. I got 3 emails already. So I guess it's a good start.

@Texas

I don't need to convince you of my legitimacy or of my company for that matter, the guys that have contacted me will give you the gist in Summer after the Seminars, and between it doesnt stop there, you might meet us on a roadshow soon and we would collect your registration fee and educate you . You sit there and keep bad-mouthing while others are making their moves. Same way you watch stocks and keep watching them, begging for AkTopGun to shine his candle for you to make a move - typical Thomas behavour, they don't believe unless they see, and they've forgotten that the things you don't see control the things that you see. So if you want leverage, you have to start believing before you see mate. Contrary to your claim, that's not why you're a Nigerian. It's just why you're still one of those very few ones who think every other person except themsleves is a scammer. Relax dude, I make enough money doing what I do, so I don't need your few Naira at all.

@all,
Quite inpressed that Dangote became the richest black person in the world overtaking the big O (Oprah). Keep believing!

Hmnnn. i think you should just leave it at that and good that peeps are contacting you so that solves the problem without me putting anybody in a difficult situation so pleeeeeeeeeeeeeeeeeeease let it rest

Biko!

Texas543 as you be one of the homies on this forum i beg make you let the thing rest o!

Biko!

easimoni:
@ all,

did I read correctly that RT Briscoe's closure date has been moved to April?

It says on proshareng.com  closure date March 24- 4 April and payment date  25 April

Kashif:
I have put on my bullet proof vest but the bullets are still getting at me

I rely 100% on interpretations here; all those spinning, forward/backward/reverse EPS etc sound Greek to me

Abeg o, ABC is losing and the number of deals is on the decline. What does this mean abeg because man pikin dey neck deep for that one O!

I hope you are not going to sell in a panic! Stock investment is all about patience the mere fact that someone said he/she made 50% or 100% in less than a week does not mean its going to be like that always. If things don't go according to your plans you just have to be calm about it and think it through rationally. The worst thing you can do is to a make a permanent decision in a temporary situation.

Wait till the stock comes good and decide what to do. That's why peeps who recommend stocks to buy always add caveat emptor meaning do your own due diligence.
¨
No shaking by the way

MrPresidnt:
@RouchCut
Could you please suggest people in the room that you think will make a good choice please. Saving on Acc and flight is important but the few people we've contacted in the UK are just trying to make a few quid, not very professional.

Cheers people

You know what i'm going to do? i will get wanaj0 to get in touch with you he's a very respected  elder on this forum and he can give you the info you need. This is a public forum and i have kind of created a lot of useful relationships  so i wouldnt want to be involved in recommending peeps. I will twist wanaj0's arm to get in touch  by e-mail with you.

Is that ok?  and pls like i said read the last 50-100 pages if you have time

Marshall wanaj0 over to you to help out Mr President!

@All

In actual fact what Mr  Risky has just said just sums up the NSE Q1.

MrPresidnt:
@RoughCut, thanks for your reply mate. I haven't been following the thread, just found it and thought I might get a bit of joy here, Please specify if you can, who are those at diaspora? Are they in the UK?

Oya eyin boyz and girlz if you fit the bill pls reply to Mr President  e-mail.

On a more serious note pls try and read as much as you can on this page and i'm cork-sure you should be able to come up with a short-list of those you can speak to seriously.

And it will benefit you personally and financially if you are an investor on the NSE. Once again try and read as much as you can

It will be so unfair for me to start mentioning names but i'm sure those who are interested should be responding to you

Abi wetin i talk fellow n'landers

Caveat empty repete o! I dont know Mr President from Adam and i'm not available

MrPresidnt:
Hi all,

I run a firm in the UK called Structured Consulting. In Summer of 2008, we are planning to run a series of educative seminars on "Investing in the Nigerian Stockmarket" in major UK cities, i.e; London, Manchester, Birmingham and Glasgow. As a result, we need about 4 well qualified speakers from Nigeria who have deep understanding of the Nigerian StockMarket. The speakers should:

[list]
[li]Preferably be a stock broker
Excellent Communication skills
Good spoken english
Ability to teach
Charismatic
Excellent track record in stock trading
Posses a valid UK Multiple visa
[/li]
[/list]

In return, Structured Consulting offers:
[list]
[li]A very good pay deal
Hotel accomodation sorted for the period
A car and a driver attached throughout stay
Return Ticket provided
[/li]
[/list]

If you have the above qualities or you know someone who does, please contact me on kola.oyeneyin@yahoo.com to arrange for a telephone conference.

Deadline: 31st March 2008

Thank you

How about those peeps in the diaspora at least they will save you a fortune on accommodation and flights?If you have been reading this thread surely you must have realised a lot of them know much more than some of our so-called stock-brokers

RoughCut:
The High Low and Closing prices  are the same so i expect another spinning top  today

Yep ABC did another spinning top today so looks like where the price is heading will not be resolved in a few days. The spinning top is in the context of a bullish trend just like lastt friday i think it should be easy to predict what will happen tomorrow

aktopgun:
a green marubozu dear friend

Yes o bro but the volumes come evaporate so we are talking a couple of days bull run abi? as RSI don pass 70 sef and momentum way high over to the +ve range above 2.0 and the 12 and 26-DAy MACD is +ve.

It also closed well above  its Bollinger price band for  20 and 2-day range so not sure the bull run will last till the end of this week.

Hmnn, did i just say that?

TeeHay:
accept condolence Roughcut, but frankly the Ikeja Hotel Bus waited at the last aiport for a pretty long time, got in @ N7 on 29th Jan and the real move didnt really start until early March. 5days to 3months CICO expiry and now 38% up after comissions. I am realy loving this also!!!, reminds me of

I got some last year and i got out at N7 or thereabouts and i have not been able to get back in again. I only have tasere on board now_{feeling a bit frustrated}

And it looks like the bull run has still got some life in it but will like to see the candles for today

aktopgun:
@roughcut





ABC


interesting stuff. will wait to see the candles

The High Low and Closing prices  are the same so i expect another spinning top  today

aktopgun:
on ikeja hotels

as i said yesterday, "i'm loving it, loving it, loving it, i'm loving it like this!!!"

Why am i not loving this

Hmnnnn,  ABC shed some weight as expected  and guess what? Dunlop is representing as expected!and Ikeja Hotels is now out of my striking raduis

Costain is now officially OUTRAGEOUS and if i had gone back in again into John Holt last week i would have made more than 25%

FatherOF2:
Right now everyone is looking for small cap stocks so dey can make Dangote's own prediction of 10 more Nigerians joining him next year on that list come to fruition.
I think we'll see a different story on the floor during NSE Q2.

Make i decode that one sharp sharp. Na im be say during the NSE Q2 we should be looking for Large Cap stocks ha ha ha ha