₦airaland Forum

wanaj0:
Universal listed 16bn shares. That's a good candidate for share reconstruction. BEWARE!!!!!!!

That hasnt stopped it from doing the max since it listed though. This is  by no means a medium-term stock.

For CICO/ RO-RO i have placed my order though.

wanaj0:
Universal listed 16bn shares. That's a good candidate for share reconstruction. BEWARE!!!!!!!

Doubt if you will get Goldlink to BUY. The ownership is so tight. The PP went to only 8 people. They should be doing PO soon.

Thanks for the heads up on Universal.

[quote author=WASKY-WAJA link=topic=31554.msg1968301#msg1968301 date=1203340847]Roughcut thanks for your comment.      Nem will be coming to the market. I am thinking of replacing NEM with LINKASSURE .

FIDELITYBK closed  11.50 today you think it is a good buy, ? maybe a little bit of it ?[/quote]Dont know about FIDELITY though because i have not been looking. Yeah go for LINKAGE if you can get it_{i think Pumping777 don commot dat one for ground} and pray you dont get caught by TS

Goldlink and Universal assurance have just listed and they have been doing 5% to the upside so i think good for CICO or RO-RO. They will be going on TS but not soon  i suppose because they have just been listed they will push up the price  a bit so hopefully you get your timing right.

Pls do not over-expose yourself to the ins sector its a minefield as has been said so many times  on this forum.

Its your CALL!

faketan:
Oga Roughcut
That NEM of a coy, wetin de drive am?

Any better abi na de same hype wee de drive other insurance stocks?
I got at 3.83, make I jump out? E don do 48% today(5.7)

Yep you fit jump out sharpish abi wetin you dey wait for?.

The only thing i can think is the YE is due i think anytime and they may be psyching us up for TS if they have not already been! So dont get caught.
I guess they do FY '07 results and if it looks good then allow it to climb a bit and there you go before you know what's happening TS!

[quote author=WASKY-WAJA link=topic=31554.msg1968094#msg1968094 date=1203337570]GUYS IN THE HOUSE I THANK YOU ALL ,

In keeping to my promise of updating you guys, i am publishing below:

THE 40M HAS BEEN ALLOTED LIKE THIS:


2. BUY 200,000.00  OF FIRST BANK AT N50.45 (N10,090,000)     Not sure this stock will see much upside from N50



10.BUY 900,000 NEM INSURANCE AT N5.48 (N4,932,000) ENTER STOP LOSS N4.50 Have you confirmed its not going on TS soon?

Wanaj02 thanks a million times.

Pumping and the rest of the Gurus thank u guys.

I will not forget FO2 ,risky, roughcut ,Yodiyokun, aktopgun, Easimoni,ololufemi,Naijadr   and other gurus!

I will appreciate everybodies comment before i send out the order this afternoon,    


Napoleon your comment please,[/quote]

Naijadr:
TRW has updated prices for today
@RoughCut, aah The Costain jet is back up, those snipers missed their target from friday!

Na me dash the air-hostess N2.40 last week
I checked before i boarded to make sure that the jet is fitted with the latest radar-jamming stealth technology so it appears invisible just in case_{unlikely because the navigation system na helele} it strays into enemy air space

ololufemi:
@ Pumping and Roughcut,

Sorry about the Language. I meant full suspension. My broker offered to cross deal it from some accounts who are ready to ofload it.

My hunch is that the bank is a good bank even better than some banks currently trading on the NSE and once it is off the suspension, it will be a ride to the moon. remember the Afribank issue.

This is my take on this.

Any more ideas

Thanks

If a stock is on full suspension no transactions either cross-dealing or inter-broker are allowed during the period its on full suspension. If what are you are saying is actually true the broker or brokers involved are definitely looking for trouble!

Why do you want to bother with a stock that is full-suspension by the way?i dont think it will do any harm to wait till when the full suspension is lifted if ever.
Remember the stock was placed on full suspension for alleged irregularities or you have not  read the stuff that was written about the MD of that bank on this thread?

I will stay well clear if even if there is cash burning holes in your pocket! If you must splash your cash get someone who wants to cross Skye bank with you if you can get that is

TeeHay:
@ All,
UNTL:
For me I see closing kaduna factory as reducing overheads, to ensure they concentrate on areas with beta margins, for some that translates to beta cost management and hence maybe better returns, anyway time would tell. Afterall, Michelin did the same and some her directors greatly applauded the bold step!!

TRANSCORPSE: My people, every action on this stock shows it's highly manipulated. Imagime, purchase revocation announcement on Saturday and suspension of trade on stock the next working hour!!, Monday. All I can say is Madam NSE and cohorts can do all she wants but recall what happened after the wayo suspension, @ 9.71, when they go tired it didn't stop a freefall to 3.17 (Dec 3rd 07). I still wish my dear friends with kgs of transitional-corpse the hopeful best!

That would make sense from the cost accountant's point of view but i doubt the thousands who lost their jobs would see it that way!

Did you you actually say _Transcorpse or are my eyes deceiving me?

All is well!

wanaj0:
Loss of NITEL by Transcorp may be a blessing in disguise if they know what they are doing. Firstly they over paid for Nitel. Secondly how will they get FG to bring their own part of funding for NITEL?

NITEl should collect the money paid back and move to something else. I however expect the issue to end in court

An expensive and proctracted court case that will no doubt line the pockets of the lawyers!

Even if the money Transcorp paid for 51% of the federal government's holding in NITEL/M-Tel is refunded then what have they got left? Nicon-Noga that is still haemorrhaging like a punctured blood vessel

They will have to service the huge debt they took on to finance the deal so there goes all the money and if i'm right servicing the debts alone is costing Transcorp billions of Naira and i'm not even talking of the principal loan amount.

Well they still have the N20B from the public and not so public offer

This is just a sad sad situation

ololufemi:
@ All,

Just my take but I think I may take some loose cash that wont budge and purchase Springbank. Does anyone know what price it closed last.

@ Fatherof2,

baba, wetin be your advise as per this move.
It is like jumping from the tracks unto a moving train.

@ Wanaj0, Pumping777, Yodiyokun, aktopgun, Easimoni,

Whats your feel on this move.

My belle  dey turn me on that stock and I get one funny dream about am

The stock is on full-suspension and not TS!. So you can't even trade that stock! Or do you know something we don't?

[/quote][quote author=Naijadr link=topic=31554.msg1967747#msg1967747 date=1203332858]Shey there are levels and there are levels! The powers that be wanted a few days to sell off, and voila u have it
RIP Transcorp, hope folks no put retirement money there o, get ready for a govt wrestle that could last most of 2008 as things are sorted out, sigh

Come to think of it the the WEMA soap-opera is nothing compared with the macabre dance of death we seem to witnessing with Transcorp _{i still have 25KG of my luggage trapped in WEMA left-luggage}

blueband:
Roughcut,
That is Nigeria for you.
Please can someone help me with CSCS contact details.I have been trying the numbers on their website for the past 2 hours.What is the use of a trade alert if you cannot contact CSCS to halt a sale?

Correct me if i'm wrong but i thought you can only halt your trade by giving your brokers the appropriate instructions. CSCS trade  alert is to inform you what transactions have taken place on your stock-brokerage account in real-time.

You need to get in touch with your stock-brokers sharpish!

oshkosh:
I doubt this was the reason for the TS.  More likely to avoid the inevitable run on the stock. The share price would have crashed to < N2 in weeks.

This will be plausible in the circumstance.

Assuming there had been a run on the February 6_{excuse the pun} stocks of the companies  accused of share-price manipulation would they have been placed on TS?

I suppose madam Ndidi can place Transcorp on TS at her whims and caprices because she's DG NSE and one of the directors of Transcorp in order to prevent panic-selling of the stock but this fore-sightedness does not extend to other stocks under selling pressure

All is well!

Naijadr:
wow this Transcorp mess, biggest disaster to hit the NSE!! I was appalled at some folks who were using them for CICO, na wa o

The mere fact there has been very heavy trading in this stock in this last couple of weeks would suggest that some peeps still know what was in the offing which obviously is not transparent to the innocent peeps who have been unwittingly caught up in this quagmire.

I think it would take more than a board reorganisation  and going on and coming off TS_{lost count how many times that has happened now} to sort out this monstrous albatross that keeps following the NSE like a bad smell!

ololufemi:
@ Oga Napoleon,

I dey try decode you as Fatherof2 don talk am and I think I am getting closer as the days roll on .

Have a lovely week

Hint!

All this one wey una dey talk in parables i no understand o. If there's anything we need to know i beg make una tell us that's what we are all about on this forum!

windywendy:
Huh? You mean droping slightly from the current price after suspension? Well, in the words of one of my very good texan buddy, "that ain't never gon happen" 

Yeah i feel you on that one! i have been overdosing on that one before it went on TS just like i did with Costain. For a start you can't even get to buy again even with that stock been on TS. Its been on strong bid for as long as i can remember so i'm sharpening my claws for that one!

easimoni:
Hmmm. Still 1.18B shares from the debt-to-equity conversion still to come. That'll make it 17.3B shares.

And the bad news is they have already done a share reconstruction

pumping777:
I talk say Afribank no go get anything to move the price as them don declare Q-3 too early to help the PO. Na different angle them come wan take follow o. This one na him them dey call tangible "rumour".

http://www.nigeriansecurities.com/shownews3.php?url=http://www.businessdayonline.com/investor/4231.html?print

*There are indications that the board of Afribank Nigeria Plc is contemplating a bonus declaration at the end of current financial year*

No be me talk am o!!! I just read am too.

@Roughcut - You fit don follow join the people for this forum wey dey see future o regarding your yarn on Afribank today.

Even without BigBoy Larry's crystal ball some things can still be done

wanaj0:
Jubilee savings and Loans is connected to RCCG. Members/leaders of RCCG are the promoters.

So as we be members of RCCG in diaspora now we fit get preferential allotment abi?

bibiking1:
Dem don Shoot Costain o!!!!!!!

The person wey fire missile at the Costain jet missed by miles! The jet get stealth technology wey go make the jet appear invisible to enemy radar so the person is just shooting the breeze

Wetin be N2.40 for a stock that has traded from N18.89 to ~N42 in about 6 weeks?. Na me dash air-hostess N2.41 tip for exellent service

The sniper will have to try a lot harder next time!

aktopgun:
@yodi, make i show u live harami cross for NSE. See the diagram below

And i say dey look your diagram with Bigboy Larry's Crystal ball i can see

[list]
[li]Dragon fly doji[/li]
[li]Graveyard doji(Pagoda)[/li]
[li]Hanging man[/li]
[li]Hammer[/li]
[/list]

All of this for inside one diagram o ga ju!

LondonCool:
I did learn that Intercontinental Bank is making plans to buy-out the Mortgage company but it is not confirmed. Does this look like a good offer ? Would the PP be a White Marubuzo or a Gravestone Doji ?

Or Bullish Harami cross?

pumping777:
Abeg if anybody sabi company wey dey make/sell candle wey dey listed on the NSE, na d next Japaul be that o. Demand must outstrip supply.

Na by candle now o   Make you buy your own at a shop near you.

AKTOPGUN see all d 'katakata' you cause with your japanese speaking candles

I dey look for correct candles wey i go put on top of my son's 5th birthday cake any ideas? I want the ones wey understand english as the guy no understand japanese

yodiyokun:
No worry, na only handgun you use and not AK47 - idea is need.

You never hear 'shakabula before AK47 ke? dat one dey too sophisticated

bibiking1:
e be like Olumba Olumba candle o! !!!!!!!!!!!!!!!!

The guy still dey alive

loma:
NASCON: To sell or not to sell?  Bought 50kg at N16:40 , if I sell at N19, after broker chop hin own, na only 10% remain.

By the way, it closed on net offer today!  Make I check the amount of flame for my red candle!

Make i help you small its still going to be turbulent for a few more days but if you hold liver it might be ok since you bought at ~N16

harrisoft:
FatherOF2   Re: Stock Market Tips For Nigerians
« #15387 on: Yesterday at 03:33:24 PM »  
--------------------------------------------------------------------------------
Ah i don see am finish,
  DOUBLE PERSONALITY INDEED DEY HERE.

@FatherOF2

i understand were you dey come from, very very well --- i be dey think the same thing too.
But you see the first personally na very very very very respectable person, when no fit do that kind thing. i know that first personality very very very well. so no worry, this new personality we go dey watch em we all our eyes.

@ wanaj0 - thanks for the FBN (phone call)

@ uncle Naps - your post dey too long talk the koko and

Pls o you fit share anything with us on this forum we be like one family so if there's anything you think we need to know make u no hesitate. I no say make you blow open anybody's cover for this forum but if there's anything we need to be aware of pls holla

Abi no be true i talk fellow n'landers?

TeeHay:
I love this forum, very humurous, u sure say Seun no go begin charge to allow us begin log in into thie particular thread. Seun, , no juts TRY that ONE o!!!, even if you get am for mind, we go just do WEMA bank for bank and bring in another 'SEUN'!!!

I hope say u no go give seun ideas if na play stop am o!

loma:
See me see Nascon o. I don reach 21% gain dey wait for 25% ,na so them break my back today.

Candlewatchers, shey e go rise again?

The divergence between the 26 and 12-DAY EMA is positive meaning the 12-day EMA is higher than the 26-day EMA.

RSI is 83.14 it is in the OVERBOUGHT territory and that is why the price is in retractment i think it still has a few more days to fall so you fit enter again

Momentum FOR THE 12-day period is 3.4 confirming again that it is in the OVERBOUGHT territory so a price retractment is imminent and i think its already happening!

The closing price is very close to the upper Bollinger band of 19.31 so again in the OVERBOUGHT territory .

If you can sell now i think you should if not you just have to wait it out and when it starts trading to the upside again you can issue your  SELL order but for now it has a few more days to fall

As i no get candle sticks for house i leave the candles to AKTOPGUN

wynn:
At what price was Goldlink listed?

N1.98

[quote author=pepper!!! link=topic=31554.msg1958542#msg1958542 date=1203073848]Bros, Dangote can as well be the person moving the share price up daily by offering less than 20k shares daily through a broker & requesting to buy millions of units at the same time, naturally creates a far higher demand than supply and pushes the price up. He stand to gain also because like u said with 15B shares still in his pocket, a price of 30naira pershare is definately better than a price of 15naira pershare, also moving the price as high as possible now will help ensure that the price of the share does not get depressed too much when peeps certificates are released & they start sellin, so either way he also stands to gain from pushing the price up,[/quote]Yep that's one way of looking at it!

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