₦airaland Forum

kpineo:
@Father of 2
Ejected from AIRPHB today, still need confirmation from broker. Which plane dey runway ready for take off.

@ALL
Daily position. Keeping up with this blog is getting difficult oh,

Skyebank but its still under wraps in the TS Hangar well that is if you get to buy.  I think they released Q1 results before parking the jet in the Hangar

SavvyLanre:
Ok now, Captain Aktopgun, i don slam door close - all the way to altitude 33 before we allow roughcut shed some of his excess luggage,

Na only carry-on luggage dem allow me take on board chei! FO2 and Yodi don dey do target practise for GTB take-off and landing

LondonCool:
Why does Robert Kiyosaki frown against investment in stock (with a preference for Real Estate) ? He advises in the 'Cash Flow Quadrant', that you should be the one floating the Stock  instead for others to buy and not to be the one buying from others. Any contributions ?

The cashflow quadrant should be divided into 4 so for each quadrant you have real-estate in which you get your tenants to pay the mortgage bit like floating a stock innit?

The second quadrant should be for stocks and equities

The third quadrant is CASH remember CASH is KING

The fourth quadrant should be your business venture that will be turning over your money on a regular basis or a source of regular income

Dont forget that FOUR is the number of BALANCE

dollyp1cute:
Na wa o

What else is there to say, this NSE na hala too much money all around.

Even transcorp bones are rising. I need more money to invest o.

Akptogun we will fly over the OCEAN and I will have some SUGAR with my Tea. Hope they give a GURANTY safe landing in my UNION HOME.

HAPPY DAYS ARE HERE ON NSE

Awesome! Wifey wants us to follow the OCEAN to its final destination so looks like its a long-haul flight over the OCEAN and there's also a  GUARANTY from wifey that i can bail out  when the door is opened sometime in April when FY is expected

Naijadr:
look at FBN at N47, some people are cleaning shop, wasnt it just N41 a few days ago, someone who put big money in it, could have made a nice little profit.
greed is making me wish I bought more CILeasing, or UNIC like I wanted to in Dec instead of UBA
RoughCut abeg u fit dash me some Costain money make I buy new car, my own only reach buy tokunbo

Me! when i clean up for Costain and FBN_{marshall wanajo i don offload 100KG of UBN go buy FBN the bonus still dey there sha} i go start to dey shop for sidley-hawker executive jet so i no go dey wait tarmac to board again. No more commercial flights

pangolo:
Windywendy,
I know you are smiling at Cadbury. Enjoy. _{Balm to soothe New England Patriots loss}

Ha ha you remind me of Fela now abi no be him sing say when trouble sleep yanga go wake up wetin you dey find? palaver you dey find palaver you go get o! that's all i'm _singing saying

RoughCut:
May be one of the  dark horses for '08

Projected PAT N3.32bn, N7.27 bn and N9.10bn in 2008, 2009 and 2010 respectively. Worth mulling over i would say. On my watchlist till after the stock has come off TS. Anybody with the financials please holla! I'm talking about NSL

http://www.proshareng.com/myproshare/portal_news.php?id=3544

Yep another stalking horse for '08

EMMAACHILE:
NATIONAL SPORTS LOTTERY: PROFIT FORECAST
The National Sports Lottery plc has assured investors of 60 percent return on their investments annually.
The news has so far helped the share price to a new of high of N11.63.
Managing director, Odunlami Kola-Daisi disclosed this during the company’s facts behind the forecast at the Nigerian Stock Exchange (NSE). He said the assurance stem from the inherent potentials in the company’s projected multiple streams of income.
“We are going to pay dividends forever while returns would grow by 60 percent annually”, he said.
The diversified income generating e-business of the NSL, are lottery, sub-franchise income,air time vending and e-payment among other elecrtronic-driven financial businesses.
He noted that the company’s projections showed that turnover would reach N1.30 billion per annum. Giving a prorated forecasts for 2008, it is expected that electronic payments and airtime vending will contribute the highest income of N50 billion and N48 billion, respectively monthly.
The lottery business in the Lagos area would contribute N5 billion monthly, while treasury income is expected to generate about N4 billion monthly.
However, annual turnover from airtime vending and lottery electronic payments is estimated at N564 billion and N600 billion respectively. Lottery (Lagos only) is expected to generate N60 billion annually while N48 billion is expected from Treasury income respectively annually.
Kola-Daisi noted that the projections also arose from technical agreements signed with five global financial system providers for sustained valued business. The providers are Ingenico of Paris, Valuecard, Premier Lotto, Arius Belgrade and K&G Wireless.
Details of the partnerships showed that the company has a five year exclusivity for i8550 and first right of refusal to all Ingenico terminals as well as delivery of end to end solution. It also enjoys a lifetime agreement with Valucard, the carrier of Visa cards in Nigeria.
The agreement with Arius covers the purchase agreement for software development. In the case of K&G, the company will purchase in bulk, electronic pins for airtime to be vended via the i8550.
According to the chief executive, the NSL profit after tax are estimated to hit N3.32 billion, N7.27 billion and N9.10 billion in 2008, 2009 and 2010 respectively. Proposed dividends are expected to hit N1.99 billion, N4.37 billion and N5.46 billion respectively.

[quote author=Mr. Risky link=topic=31554.msg1928347#msg1928347 date=1202372686]Hi Roughcut, the question could be asked. IN AN EMERGING MARKET SUCH AS NIGERIA'S, WHICH IS MORE BENEFICIAL? BEING AN INVESTOR OR A SPECULATOR?
For me in an emerging market such as the NSE, being an INVESTOR will be more beneficial than being a SPECULATOR, as most of the stocks on the NSE still hold great potentials than are found in some stable markets.[/quote]The gist of the excerpts you referred to is

A SPECULATOR  is a person who observes and acts before the future occurs and this is perfectly correct since we agree that the NSE is an emerging market and there are inefficiences in the market therefore a speculator  uses these 'inefficiencies' to his/her own advantage to profit.

That is not to say the INVESTOR will also not do well it all depends on your investment objectives, risk appetite/profile and your psychological make-up.

The reason for  posting the article is actually the second-part that explains the technicalities  for opening a stock-brokerage account and how to trade stocks on the NSE and the importance of CSCS accounts.

A gold-mine of info there for the so-called 'green-horns'

For all those who want to or are about to or thinking of investing in the NSE please read this article a bit lengthy though but do not forget nothing is ever  achieved on the altar of weakness. It would bless you tremendously and if you still need to ask questions after reading please holla by all means but i'm pretty confident it would answer a lot of your questions

http://www.businessdayonline.com/investor/3638.html

BTW: Costain has done ~70% since it came off TS and peeps are still buying and the FY is still March. I can't begin to imagine what will happen when they come round to announcing Q3 results imminent now_{mouth-watering prospect} and FY expected around May-June_{i will go on holidays for 2 months min and sharpen my claws in readiness for the Sep and Dec results  bull-run}

rasputinn:
Hey, a word of caution here.Let it be NOTED that nobody has the monopoly of knowledge(and information),so on no account should nairalanders talk down to fellow nairalanders while answering their harmless posts.Let's be civilised please.

Big ups Rough Cut

You are beginning to sound like my old headmaster

Pennywise:
In the NSE world that we are, when you are big, you are big. In the book world how do you say it? I am kind of constrained.Anyway just know that you have more than your immediate family and friends praying for you as you take next big leap.

Ah thank you o! Just as God did not forget Joseph when everybody else seems to have God will also remember you. Your light shall shine out of obscurity

AMEN

Pennywise:
Well done. Better silly than ---. You are worthy to share the same alma matter with the Ikemba.

Wa o! i will take that as a compliment shall i?

Pennywise:
Perhaps you want to edit the s-word.

Thinking about it

Pennywise:
@roughcut
I remember my Uni days when the Ikemba (a product of Oxford) came to address us. Of course he was much stronger then and in his oratorial best. You will soon have the honour of being his alma mater even though it will be as an adult student . A certain student asked a question and the more studious and serious minded ones amongst us felt generally aggrieved that this person don fall our hand considering the speech so eloquetly rendered by the Ikemba Nnewi. His reply: it is not the question but how it is answered. I appreciate your posts.

And may i add that there are no silly questions  the only silly questions are the ones you don't ask

pumping777:
After all these people wey carry heavy load comot for the last air stop, the plane don light now and e come dey pick up better altitude.

I go soon swith the propeller engine to the turbo jet tripple stage engine make we rise enough to fit see clearly wetin them write for the underbelly of the GTB plane

Which jet be this one GTB or PHB? If na PHB i don commot profit dey go window-shopping na only carry-on luggage i get for board now

I hope to reconnect  before they announce Q3 results in May-June or thereabouts. Abeg make sure say nobody occupy my seat o!

shawla:
@roughcut
Please do u think costain will catch up wit CAPALBETO.

Wait till when those who subscribed to the PO start selling and hopefully you can enter then when the price would somewhat trade downwards that would be the time to strike. Hopefully certificates would be verified before FY results are announced. It's on very strong bid now and that's why the price is sky-rocketing. Its a fundamentally sound stock anyday!

shawla:
@roughcut
Please do u think costain will catch up wit CAPALBETO.

I'm not in CAPALBETO if it is what i think it is so not sure what's happening there!. Costain is doing very well at the moment good till when they release their FY results in April/May-June

harrisoft:
@ roughtcut
i can not remember seeing your post where you accepted that your original position on RSI BUY/SELL was WRONG or do you think it do not matter, thousand of people are reading this tread for God sake,

What's the problem mate? Pumping777 has clarified the issues raised as i said so in my post. It does not matter as we have gone round and round in circles over this and issues raised and clarified. Finito!

Pennywise:
This is a direct challenge to Nigerian investors in general and Roughcut in particular. Entire bank vaults will emptied on Dangote he will have no choice but to return money. I see 50% accommodation max.

Me ke? In case you havent heard i'm very allergic to IPO/PO's they give me terrible skin rashes . I will wait till when its listed and if i get to buy on the floor i will ride with it and bail out.

RO_{Grab da loot} and RO abi FO2?

Is this Dangote Guy for real?


http://www.proshareng.com/myproshare/portal_news.php?id=3569

loma:
Folks,

I am thinking of getting on the following flights tomorrow, what sayest thou?

Berger Paints, Dunlop, Cadbury,Vono ,CI Leasing.

CI Leasing may be getting expensive now that is if you get it and Dunlop looks like its set for a turn-around

crazyT:
Topgun, are you on this flight till the final destination (Sydney Australia) or coming down earlier ala CICO?

ooops, Australia ke? that flight too long for me o! I go just collect a few more airmiles until they announce FY '07 i don dey load skyebank but the thing come dey very very scarce like foreign currency

RO_{Grab da loot} and RO  what say you windywendy?

crazyT:
So you are the one arguing with the hostess about carryon luggage, bros how you go call 40kg as carryon luggage now? Mehnn! Next time just checking in the luggage jare! S ;

Dee you in Sydney sha!

Haba! if na business class make no even go first class 40KG to carry on board should not be an issue abi?

wanaj0:
Na Long haul flight me dey take. There may be stop over at 7.00 but me no dey commot!! Na final destination I don check my luggage to.

They will need to make an offer to be able to compete. that na sure banker.

That is not imminent or  is it?

crazyT:
@ Wanaj0

Still inside the UNIC flight o (economy class) thanks for the Champagne (the hostess gave it to me), I am happy to know you are still holding your first class sit.

It was the drink that makes me hang on, I would have jump out with those Taliban’s at 25% but today we are at 40% and still going strong.

And the good thing its not one of those earmarked for TS soonest. Check seat number  5F just a couple of seats behind stock marshall wanaj0 in upper business class_{not in first class} there is somebody that looks like me occupying that seat

pumping777:
Na. This is not correct Roughcut. Abi I still dey sleep?

Above 70 or 80 = Overbought - Get ready to sell when it moves downwards out of  this region
Below 30 or 20 = Oversold      - Get ready to buy when it moves upwards out of this region

If you are using 80 and 20 then 70 and 30 will not give you any signal.
------
Overbought/Oversold
Wilder recommended using 70 and 30 and overbought and oversold levels respectively. Generally, if the RSI rises above 30 it is considered bullish for the underlying stock. Conversely, if the RSI falls below 70, it is a bearish signal. Some traders identify the long-term trend and then use extreme readings for entry points. If the long-term trend is bullish, then oversold readings could mark potential entry points.

Abi I dey see double?

---------

You can only use either 80 and 20 or 30 and 70 as your boundary values. Not both innit?


Mr pumping777 has clarified the issues
O pari

pumice:
@Roughcut

I'm sorry upward and pumping are right but I agree you are mixing up usually above 70 or 80 is overbought and below 20 or 30 is oversold.

@ all
Pumping is right; because a price crosses 70 or 80 doesn't mean you should sell. It just there are too many buyers and and there will soon be a price correction. It may take one week or one month. One should be careful about these numbers, what they mean and how they are calculated. For example RSI calculated with 8 values will experience many more overbought or oversold positions more than an RSI calculated with 20 values.

The most important thing is these are numbers and should never be taken in a vacuum.

Which is the reason you usually do your analysis over a 50-day period which means the trend patterns are more reliable although you can get around this by using the fast and slow stochastic oscillators for shorter time frame  as these are not  lagging indicators but i think we can leave this for another time

tosjay:
When RSI is at 70 or above, it's simply the time to SELL (i.e. OVERBOUGHT state).
At 30 or below, it's a strong indicator to BUY (i.e. OVERSOLD state)

Hope this helps!

So have you read my post again? What you said is what i have been trying patiently to explain! You can actually use 20 and 80 as your benchmark and i'm sure you will come to the same conclusion. It is the concept that matters and that is what you need to understand

upward:
Still not sure about the above, I think you are mixing it all up Roughcut. when a downward movement of price is IMMINENT, will that now be a time to BUY or SELL, and when an UPWARD price movement is IMMINENT, will that now be a time to SELL? I think it's still the opposite, or am I missing something

Trust me i'm not mixing it all up! When the RSI is ABOVE 70 it is OVERSOLD and a retractment downward is imminent that will be the time to BUY and when the RSI is below 30 it OVERBOUGHT and an upward swing is imminent and that will be the time to SELL

Read the statement in its enitirety and then you get the PICTURE and also refer to the comment i made about the 10 and 50-Day EMA then you will see they corroborate each other which is the reason you normally use or look at  more than one TECHNICAL INDICATOR

Let me know if the concept is still confusing

upward:
WOW, I'm really lost here , please can someone clear the bold portion of the above post. Looks to me like the opposite of what is said, so that we don't get mis-informed.

When the RSI is above 70 it is OVERSOLD and a retractment downward is imminent that will be the time to[b] BUY[/b] and when the RSI dips below 30 it is OVERBOUGHT and a upward price movement is imminent and that will be the time to SELL

The RSI is actually 63.84 so approaching the magical figure

Thnx for spotting that!

aktopgun:
Looks like cutix is about to do a runner as well. trading over the 50 line RSI now. has been in a trading range for months. a breakout seems imminent.

By the way to buttress the point i'm trying to make the divergence MACD between the 10-day EMA and 50-Day EMA is 0.16 which is telling you that the 10-day EMA closing price is  higher than the 50-Day EMA so the price is still trending upwards and guess what? the Q3 results are due anytime so that explains the trends on the charts!

aktopgun:
Looks like cutix is about to do a runner as well. trading over the 50 line RSI now. has been in a trading range for months. a breakout seems imminent.

The number you need to be looking for is 70 the moment the RSI is above 70 it is overbought and retractment downward is imminent so that will be the time to buy and if RSI is below 30 it is oversold and an upward price swing is imminent so that will be the time to SELL.

At present the RSI is somewhere between the 65-70 mark so give it a few more days and see if it breaches the 70-mark that wiil be the time to strike. The last time the RSI breached the 70-mark was between the 3-11 Dec'07 which would have been the time to buy if you had been watching!

The last time the RSI dipped below 30 was around 25-26 Dec '07 _{surprise surprise} which would have been the time to SELL

So if you are buying i think it will soon approach striking distance give it a few more days