₦airaland Forum

wanaj0:
Remember some people bought DSR at 56.00 before it now settles @ 33.00 before moving to the 40.00 range. water must always find its level.

Dont forget that there were no returned money for DSR everybody that  applied as far as i'm aware got their allotment i think.

Dangote Flour is a different kettle of sish altogether very tight so i tell you  for a fact the fall in Dangote Flour will not be as steep as DSR that tells me not a lot of peeps will be selling soonest even when they get the pali and when they do they will be selling at the top end of the price range

This one will be quite interesting

wanaj0:
The Dangote Flour price go still find im level. Just let the certificate be out!!! na those wey dey BUY now I pity. Even @ 15.00, me no fit BUY the offer. Dangote Sugar however is looking attractive. I expect it to take another leap soon.

For those that do not mind buying any type of Stock, John Holt is available to be picked. So place order fast.

That's right but we are not talking free-fall here not by a long shot. I expect a  dip for a few weeks when the certs are out for peeps to take profits when the dust don settle i expect a stabilization at a very attractive price-level not sure what is yet.

Funny enough i was actually watching John Holt when it was N3 i think a couple of months ago. My Old man used  to be a manager in John Holt in those days so i was just curious to see who are the peeps buying the stock. I think its about N10 now.

Hmnnnnnn

dollyp1cute:
Roughcut don talk am oya, AKPT we extend your break to 2 hours

@Roughcut, what is the highlighted based on.

Dangote Flour needs to do the max 5% for the next 4-5 days before it catches up with the closing price today for Dangote Sugar

dollyp1cute:
AKTOPGUN, oya I mandate you to go on a 30mins break from Nairaland, go and give Mrs a backrub or something, otherwise they will continue watching o .


@Tiwantiwa sorry jare, I no wan fari lehin olori, I forgot to put Caveat Empty abi wetin call

I think the guy will need more than 30 mins if he's to do a proper job o! No be the one wey he go dey do back rub they take one eye scan nairaland

How long before Dangote Flour catches up with Dangote sugar?. In terms of fundanmentals the two companies couldnt have been more different and yet their prices will converge at some point Na wa o! I have to keep reminding myself this is NSE and the volumes are getting reasonable at least there were 100 deals today so we now know that at least 100 peeps have got their pali

aktopgun:
wapco still hemorrhaging. lost full 5% today. wonder what the candlestick for today will look like. na wa o. its looking attractive at these prices ke. the company isnt that bad ke.

Looks like the market did not react favourably to  PAT of N13.9B for FY '07 which is about 2.5% better than FY '06 and N1.20K  dividend. Cement prices are flying through the roof though and dont see a let-up soon until the importation of cement is sorted out.

I bet some powerful lobbyists will make sure that does not happen soonest

Will be interested to know what the candles are saying

samstone4:
@ Roughcut

I think Yaradua will be best to reform the electoral system.


Samstone4

Infact that is one of the ways Yar'Adua can redeem himself and probably leave a legacy after his presidency

samstone4:
@ Nairalanders

All major issues decided in favour of Yaradua but the judge wants to address the minor issues in addition.
In other words will be a shocker if he now says Yaradua not to continue.

Samstone4

Personally i think all this business with tribunals and appeals is all academic everyone is just going through the motion.

Let's even assume for one minute Yar'Adua's election is annulled and a re-election ordered then what alternative have we got?

Buhari and/or Atiku i mean that would be a joke.

Yes the elections and the process by which we have elected our president is not credible and will never stand up to scrutiny anyday but the point is we dont have credible and serious alternatives so i dont actually see the point of the whole exercise! You annul Yar'Adu'a's election and by some fluke Atiku wins the re-election that will be taking 5 steps backwards for each step forward

Femtex:
@ aktopgun / everybody,

I'm trying to understand this candlestick theory / prediction.

I'm going to use AG Leventis as an example. Considering TA;

RSI is about  90. Meaning it is above 70, therefore it is in the overbought zone and you should sell. It means its due for a correction downwards therefore if you hold the stock you SELL and if you don't wait for the correction and BUY
MACD is telling you that is Divergence is positive (0.1208), meaning it just hit a new low and you should buy more.
Also, the MACD rises above the signal line - giving a bullish signal. If MACD divergence is +ve it means the 12-day EMA is higher than the 25-day EMA which is BULLISH You normally use the 12 and 25-day EMA

When you look at the MFI line, it is right around the 75.77 mark (approx 80). This is telling you that it is almost in the overbought zone and you should sell. ]Not sure what you mean by this

Based on these 3 criteria, would you guys recommend AG leventis a buy, Hold or sell?

As for candles Aktopcandle get plenty for house

yodiyokun:
I hear you guys,

However, entry price is important. I would rather enter Lasaco now than enter Aiico at their current prices.

I will rather go for them than Aiico - simply because it will be easier for them to reach 8 from their 5 naira than aiico to reach 12 naira from its 8 naira.

I foresee 10naira being a resistant barrier for the insurance stocks.

Just my thoughts.

Sound postulation but dont forget that when all these ins stocks go on TS  there will be buying pressure on those that are not and that's where i can see the prices being pushed northwards because everybody wants to have a piece of the insurance action! As long as you know when to Roll-Off or Cycle-OUT no 'aggro'

aktopgun:
i personally believe it may be a CICO candidate in the end. the hungry mouths too much. 16B ke. for insurance company? o ga ju

Of course its CICO and/or RO-RO candidate all rolled into one! As long as you get out before they do share reconstruction

yodiyokun:
Ok then, if Aiico no be 8 naira stock - wetin Lasaco be then? 5 naira stock?

If LASACO is not going on TS soon then he go fit join the same club as AIICO.

AIICO is one of the very few ins stocks apart from those newly listed stocks that is immune from the TS virus

aktopgun:
bros wanajo, remember that one u wan sell for me yesterday? i don order am today sharpish with my cutix profit

Can you imagine Universal Insurance listed 16B shares? and yet you cant get that anywhere i mean how much would they have to generate in premium income to justify this overbloated shares they have listed?

So prime candidate and in pole-position to do a share reconstruction and that brings its own problem of nominal price syndrome!_{another first on nairaland!}

yodiyokun:
That your premise of buying newly listed insurance go work -- if you get superman broker!!.

As per Aiico -- I se say e don reach 7.50,, Where e fit fly go after 8 naira?? I never sabi.

AIICO no be N8 stock o! that one get plenty fuel for tank and very looooooooooooong MOT

wanaj0:
BTW, learnt that NEGRIS is planning a PP. It should be one worth looking into. They are the only company allowed to import Solar Turbines into Nigeria. They are seriously into the POWER sector.

i read the NEGRIS thingy but i'm having trouble differentiating between this company and CI Leasing and  Japaul Oil _{not that i'm complaining} once its listed that's another CI Leasing and Japaul Oil all rolled into one.

Better days are here regardless if Yar'Adua's election is annulled or not!

yodiyokun:
We missed your very long eye opening epistles.

Which one u dey? elder napoleon make am short and now u dey complain make you take time o

aktopgun:
this guy, this guy, this guy!!!!!!!!!!!

i don use am board one insurance company like that(i hope he gets the company to buy)

Haba! How you go dey talk in 'tongues' for a fellow brother now?_{i know we don't see eye 2 eye when it comes to the premiership} but you must meet for middle of road for this insurance stock o! The insurance stocks is like stepping on a field full of mines but my strategy is to target any of those newly listed coys at least they are not going on TS soon but its an uphill struggle laying my hands on those ones.

I hope i get some AIICO sha abeg Pumping777 you fit allow one more gatecrasher into the party?

loma:
These companies are expected to float their Offers soon
Union Homes (REIT)

Hmnn  SKYE REIT is listing tomorrow let's if we can gatecrash the party!

loma:
@Ololufemi,

I don miss your praise-singing no be small! Please recite F02's complete oriki make we hear.

That CCNN na real convergence between F02 and AkTopGun. I no dey miss convergence stocks like that, right at the confluence of River Niger and Benue!  The only way to flow now na North!

@AktopGun. See synonyms for Arsenal. Let me know if you need more

ammo dump, archives, armory, artillery park, assembly line, assembly plant, atomic arsenal, atomic energy plant, attic, bank, basement, bay, bin, bindery, boatyard, boilery, bonded warehouse, bookbindery, bookcase, box, brewery, brickyard, bunker, buttery, cannery, cargo dock, cellar, chest, closet, conservatory, crate, creamery, crib, cupboard, dairy, defense plant, depository, depot, distillery, dock, dockyard, drawer, dump, exchequer, factory, factory belt, factory district, feeder plant, flour mill, glory hole, godown, gun park, hold, hutch, industrial park, industrial zone, library, locker, lumber room, lumberyard, magasin, magazine, main plant, manufactory, manufacturing plant, manufacturing quarter, mill, mint, munitions plant, oil refinery, packing house, park, plant, pottery, power plant, production line, push-button plant, rack, refinery, repertory, repository, reservoir, rick, sawmill, shelf, shipyard, stack, stack room, stock room, storage, store, storehouse, storeroom, subassembly plant, sugar refinery, supply base, supply depot, tank, tannery, treasure house, treasure room, treasury, vat, vault, warehouse, wine cellar, winery, yard, yards

So i'm assuming you are saying there is still a lot more in the armoury we can use to win the premiership dog-fight. A lot to blow out man dis-united this season.

Nothing would give me greater satisfaction apart from my portfolio on the NSE  achieving the objectives for the first-half of '08

@Aktopgun

Meanwhile since you are the only recognized pasenger on Cutix flight i think its time to bail for me i know you are long-term on this one but i fit commot profit now plenty of it go do some shopping and connect again in anticipation of their Q3 results i think the results are due anytine now sha. I go still leave some KG's on board

The RSI is ~99 way OVERBOUGHT and the price is trading VERY close to its upper Bollinger band of 24.01 and momentum way too close to the upper +ve value  all these  point to an overheating and OVERBOUGHT condition and most likely due for a trend reversal. The MACD divergence between the 25 and 12-day EMA is +ve so this is a seriously bullish trend

As for my candles i think they are telling me its forming a shooting star  which is a potential bearish reversal pattern.  Need you to please light your own candle to confirm. Heavy volume traded today may be a possible confirmation

aktopgun:
iRather it is best to use it to urr advantage and as another weapon in your (i'm not going to say that yeye team's name, i'm not    )

Fellas whats another word for [b]Ass[/b]enal?    . Roughcut go kill me for this one    

I think you are very close to signing your extermination warrant or what was the japanese term you used last week Harakiri

*deleted*

ayowande:
Wonders of wonders! PHCH is for sale on ali baba o!
http://www.alibaba.com/company/100251165.html

I think you got it all wrong! PHCN is looking for suppliers of power cables with the following specs

Cable Specifications:
Copper (aluminum) core, PVC insulated and sheathed
Copper (aluminum) core, PVC insulated, steel tape armoring PVC sheathed
Copper (aluminum) core, PVC insulated, steel tape armoring PE sheathed
Copper (aluminum) core, PVC insulated, steel wire armoring PVC sheathed
Copper (aluminum) core, PVC insulated, steel wire armoring PE sheathed

2) Rated voltage: 0.6/1kV, 3.6/6kV, 6/10kV.
3) Number of cores: one, two, three, and four.

aktopgun:
good for u. We are fine and standing strong my brother. abi u dey our side for here?

All is well. I dey UK this weekend but in the beautiful Essex countryside

aktopgun:


wassup mehn!

Getting on a flight later today to be with family abi How'r things on the homefront?

aktopgun:
E be like say today na di only day i go fit deu fully for here before person begin say make i go sleep for couch o. sat & sunday go be for family relations

Make you no come burn all your bridges! he dey ok if you still dey burn candles at both ends but to burn your bridges the journey to recovery go dey hard o

ebony9ja:
Resort savings and loans private placement is out. ordinary share of 1N each at 1N per share. Deap capital owns majority shares. Its closing by March 4. but am sure they would have rounded up before then. Minimum unit is 100000. Prospectus put listing date in a year's time.

So if i understand you correctly DEAP Capital are floating part of their holdings by way of PP

[quote author=Iyke-D link=topic=31554.msg1981580#msg1981580 date=1203607311]Clearly a lot of people have it in for Transcorp for one reason or the other. From what I know
about the initial deal, Transcorp did not aquire much of the landed properties, so there is a lot
of false propangada out there on the part of the Workers Union, etc.

With respect to the link you posted, it was true that Transcorp and the FG met in december, but
in the resolution that was announce by the same minister two weeks ago, Transcorp was to shed
a maximum of 27% of its stake in NITEL/MTEL.[/quote]You must be referring to the link posted by easimoni and like i said i havent confirmed the story about the real estate assets!

easimoni:
OK, I won't tell you! Yes, I work for an IOC.


Shey una see say na Transcorp mess up.

http://www.independentngonline.com/?c=117&a=11224

And the galling part of this saga  is i understand  that Transcorp has stripped NITEL of most  its real-estate assets. All the land belonging to NITEL have been sold to the highest bidders. Cant confirm this though but it was in the media when the news broke early this week

samstone4:
@Roughcut

Northern Rock was a publicly quoted company until the government decided to nationalise it a few days ago.
A friend of mine owned shares in the company.


Samstone4

Yep that is exactly what i said may be you need to go and re-read my post again!

samstone4:
@AKT, Roughcut & Jandbaby

I am not holding brief for Transcorp or Ndidi.


I too have been seriously affected by the shenanigans at and against Transcorp but the truth is the truth.

Northern Rock Bank was recently placed on suspension in the UK due to a run on the shares occasioned by the subprime market exposure it has in the USA.

The truth is the truth - as we used to say at the Supreme court.

Samstone4

If it is any comfort to you i have been caught up in the WEMA soap-opera but that does not mean the way things are being handled is necesssarily the way to go and that's the point.

By the way Northern  Rock was bailed out by £55B of tax-payers' money and the only way to ensure there is something to show for all the money the govt has spent on the bank is to temporarily nationalise it meaning the govt owns the bank at least £55B worth of it (doubt if the bank is worth that much though) and therefore the  shares cannot be traded for now until somebody comes up with a brain-wave on how to repay the £55B public debt

Its status is not that of a publicly quoted and traded company so there are no basis for comparison between the two scenarios i would say.

samstone4:
@AKT

Stocks can be placed on suspension whenever there is uncertainty with a company. This is done all over the world e.g. when merger announcements are imminent.

As far as the crossdeals in Transcorp shares, this is what my brokers told me when 132 million shares were traded in a single day and I have no cause to disbelieve them.

Samstone4

It is not done anywhere else that  the DG of a stock exchange is also a member of the board of directors of a publicly  quoted  company on that exchange.

If NSE were to be a publicly quoted company like LSE in UK and we have a situation like the Transcorp situation NSE will be answerable to SEC  just as the  LSE is answerable to the FSA and the Exchequer. But its the other way round in our dictionary.

There's something called CONFLICT OF INTERESTS    and this just flies in the face of the  basics of CORPORATE GOVERNANCE AND ETHICS

samstone4:
@AKT

Stocks can be placed on suspension whenever there is uncertainty with a company. This is done all over the world e.g. when merger announcements are imminent.


Samstone4

I'm sorry matey but that is a load tosh if you dont my saying so

aktopgun:
my question to u dear friend is, would any other company have been placed on TS because NSE was afraid that bad news about its dealings would cause a drop in its share price?

I asked the same question about 3 days ago.

https://www.nairaland.com/nigeria?topic=31554.msg1967686#msg1967686

Some things are just blatantly obvious and there's no need to start dressing up a mutton as lamb. The NSE is still a work-in-progress but the longer  shenigans like these  persist it just means it takes longer to 'fix' the flaws in the system