₦airaland Forum

ololufemi:
FCMB still on TS and controlling strong bids.

We are still waiting for them to lift it oh make we get our money oh.

Abi?Make dem allow us cycle in and cycle out so i go dey ready for lifting of TS on PHB

yodiyokun:
On the off side - No be all these westerners run enron down? - thats cause they were caught with their hands in the cookie jar.

Any one following Conrad Black - today is his sentencing.

Any one following Warren buffet and the AIG saga?

What of that yeye German they want to extradite from Canada - claiming he bribed the ex-Prime Minister. The PM did not deny but said the code of conduct at that time was not against it and he got the bribe after he steppe down as PM.

I guess you must have heard of Siemens and their fine from the German govt - they will still be fined in US thanks to Sarbanes Oxley.

What am I saying- Don't count 100% on Corporate Governance, It will definitely be better because there are laws like US foreign Corrupt practices act that govern what this institutional Investors do in corrupt countries such as ours.

The good part is - if they are caught peren - na jailhouse be that _{or suicide} Unlike our people they will still be flaunting it.


But leave story ---- We need their money  

Did you read about restrictions on who can invest in MTN--- how will that work? No be only politicians get that kind of money they are looking for

That is just patronizing to say the least! Imagine MTN saying they will scrutinize every applicant and some categories of people have already been barred. Who exactly do they think those who will forking out N600M to invest in MTN are? I find the article a bit offensive really

esco399:
Roughcut - I agree with you my man, but that may only be step 1,  and also those percentages you mentioned are dangerous enough, especially if the close 2nd only holds 2%,  these are megacorps,  1% is huge,  when shareholder voting on issues comes around, could sway things in their favour a little (1 party owning 13% or 35%, and over a million sharing the remaining)

by the way, i don't post much, but wanted to give Kudos to all the gurus & others for their continued selflessness,  you know yourselves ,  wanajo, pumping, easimoni, fatherof2, roughcut, emmaachile, aylala, shigidi, windywendy, yodiyokun & others (sorry I can't remember/type all names, but you know urselves)

Some of the institutional investors already have representatives on the boards  of these banks in executive capacity to jealously guard their interests. Helios and Sabre are off-shore institutional investors in FCMB and guess what? they were preferentialy alloted about 60% of the last PO and i think the deputy managing director or may be one of the executive directors of FCMB is from Sabre so these institutional investors are already on the ground!

pumping777:
Premiership, Seria A or La Liga??

Yeah i meant English Premiership, Italian serie A, Spanish la liga numero uno and  French ligue 1  

esco399:
True, but you forget to note that a large enough percentage can also be mopped up on the floor in addition to the PO (and there's no one to govern who buys what from the floor),  could be done directly or indirectly,  buying into intitutions, other companies that own large enough percentages of the shares

There were 4.7B shares on offer and plus the over-subscription of 160% they are absorbing and GDR an additional 8.5B shares of ACCESS will be listed of which stanbic have been allotted 1.9B so with outstanding shares of ~6.5B that makes a total of ~15B that will be listed so stanbic will be owning about 13% of ACCESS they are nowhere near acquring controlling shares in the bank.

By the time FCMB PO is completed 35% of the bank will be owned by off-shore institutional investors so the point i'm making is there's no single entity that will be allowed to own controlling shares in these banks even if the banks belong in the second division league

Third-division league banks will definitely be swallowed up in the next two years!

wanaj0:
Even preferential subscribers are not guaranteed anymore.

From the Access Bank allottment, they were a candidate for takeover!!!!!!!

No PO's for me.

But those Stanbic people are stupid. Why wait for PO when you can negotiate with the board. Why use PO to bid for over 2.6B shares of Access. Na hostile takeover be that.

54% of the shares on offer at the time they did the PO and not 54% of the bank that doesnt look like a takeover bid to me

ckenneths:
@Pumping, I had to migrate here with you guys, its good to have dual citizenship

I see you are hanging in the air. I hope you have got enough fuel in your tank to sustain your mid-air 'acrobatics' welcome on board matey!

aktopgun:
nice to see u'all back.

it felt like i was actually having withdrawal symptoms. as u all know gradual withdrawal from any addiction is better than sudden withdrawal.

seun don't do that to a brother again please!! now where did i put my medication       

Do you actually mean Bambino never arrive?_{i can only assume that's the case if you are still surfing nairaland}

So the bobo just dey make 'shakara' anyhow all the best whenever he decides to show up

shigidi:
welcome back to nairaland. seun, you are blessed, don't go on TS again
so wetin dey today which stocks are we looking at

i have locked onto DSR with my radar i will try and see how the trades go today on NSE looks to me like the trend is bullish(did some charting) The price may not drop for a while but i wll have to confirm this as soon as i have been able to do some calcs(lost the plot ove the weekend i have seun to blame for that!)

wanaj0:
Migration? Not aware of that.

I expect a strong rally with the lifting of the TS or what is the chart saying

yeah i'm in the middle of  computing the RSI, CCI and the MACD to determine if the trend is bullish, bearish or sideways and if its showing me a BUY/SELL signal

wanaj0:
Hope you all enjoyed your holiday

There was no holiday we simply 'migrated' the discussion to stockmarketnigeria forum. Somebody even joked that nairaland has been placed on TS

Seun do i assume you have the moderators you need then?

ololufemi:
@ All,

Tried to get PHB today (30,000 units) but they could only get 1000.

Makes me angry.

Add my name to the list of angry nairalanders and its probably going to get worse when its near the time for TS to be lifted

wanaj0:
Yodiyokun, not sure the existing shareholders got a better deal. Before, you are almost guaranteed the extra you applied for in a rights issue.

Dangote Sugar is doing fine but will wait for it to crash the 40.00 band. Once that is done, we can shout helluva.

Diamond is next on my list. Still scouring for the next HIT after that.

Chellarams is representing, gained 5%. Nigerian German must hit 28 by fire by force.

For 2008, my bet is on Dangote Sugar and First Bank. They both have things going in their favour. If the expansion effort of Dangote should materialise, that is the bomb.

Flour Mills will come a distant 3rd but that is dependent on the Q2 result.

For the small caps, Trans Express and Capital Oil are still moving steadily.

I will be cycling in and out of FCMB, Bank PHB and Diamond in that order(timing is very crucial). In actual fact if you buy the Diamond GDR now it works out at ~N16(cheaper than the quoted price and thanks to the weakening dollar) and i think it was mentioned it takes about 9 days to convert your GDR to ordinary shares.

Dont have the stomach for the GDR reference price nonsense those who bought the GTB GDR got ripped off when the reference price that was eventually fixed for the GDR worked out as being more expensive than those who originally bought the GDR when it was listed

RoughCut:
am also happy camping

i saw eruobodo on another thread but i think shigidi is still top of the pops

Make me too change my username to shakabula

pumping777:
The bears are taking over the NSE, and I'm a happy camper,

My favrourite usernames on this forum.

1. shigidi (cannot be uprooted. O pari.)
2. yodiyokun (why?? ask again)
3. easimoni (easymoney)
4. Wanaj0 (pronounced in my mind as wanajo)

am also happy camping

i saw eruobodo on another thread but i think shigidi is still top of the pops

yodiyokun:
@ALL

OYA OYA OYA,

AS THE ONLY DECLARED FEMALE HERE (IN THE ABSCENCE OF MYPEACE AND WINDY WENDY)

THE LAUGHING SESSION IS NOW CLOSED.

Let us dissect the order of the day-

Insurance took a beating today while the Banking sector was almost stagnant?

I am still sitting on my money oooo.

My eyes are wondering to and fro for juicy deals? any advice!!!

i think you have been over-ruled you no get reinforcement and no back up!

aktopgun:
@ roughcut

i used to like you u know, now i don't know what i think anymore!!

As i don talk am before when  Papa elephant dey for center stage the baby elephant must disappear to one corner. When Great ife dey for stage all others must be in hibernation

chei! i no fit nack the proverb proper proper for my native language

aktopgun:
and the akokites have it ladies and gentlemen,

worldwide connections and clout, what else can i say, its unilag and the rest!

Nope there are only two universities in naija: OAU_{oba awon universities} and the rest!

aktopgun:
@roughcut

i read about them and watched some old tapes of them

they are really what u'd call oldies big time and just like songs i guess they remain the best

Yes o. I never had so much fun as today since i joined this forum in May

aktopgun:
@ roughcut

father tiko? mudashiru lawal? how old exactly are u man?



i am laughing so hard i'm crying. love u guys

You no sabi Muda Lawal and Father Tiko the best coach we have ever had
Probably before your time

aktopgun:
@pumping

will send u the email soon bros

@model1780

i'm sure u know deeeep down that ther's only one great uni in nigeria, University of Lagos.
they say some people are born great (unilag), others have gretness thrust upon them (ife and the others).        

just kidding model!!  na late release of results cause am o and come to think of it the person responsible is probably an ife graduate    

you may just be right

barge:
NIce one , you go kill person. At least super eagles coach don innovate new system

Father Tiko say make i play 4 and i play 4 _{remember Babatunde Mudashiru Lawal?} we  have not not been able to produce another versatile mid-fielder like him

I think there's a  forum for football make i carry my post go there before seun drive me commot

yodiyokun:
That na true talk.

That school is massive - thank to the President Nigeria never had _AWO

Its a beautiful campus it has nice arhitectural pieces -  if they can just keep it clean.

Papa lived ahead of his time. Imagine the architectural wonder cocoa house is!(i hope its still standing) Great visioneer

model1780:
Believe me it still is, no body can afford to spend such money like was spent in Ife on the structures in the days of the cocoa boom again, all that is needed now is to keep the environment clean,

I think we have Papa Awo to thank for diverting the cocoa money to OAU.

model1780:
Great Ife !!! we just dey take am easy o, because if we start our own, nairaland no go fit contain us

Did a post-graduate diploma @ Ife '91 its now OAU innit?(the most beautiful campus in Africa not sure what it looks like now!)

wanaj0:
Where are those that did not do the 6-3-3-4 nonsense?

That way we can use that to determine those that should be suicide bombers

is that the new formation the super eagles(is that correct) have adopted?

yodiyokun:
@Pumping,

So the people wey dey this thread na my great grand fathers. In 1991 I was still at Federal Girls' , 1994 I never even sabi wetin I go become.

I will now start respecting my elders from now on!!!

I did a post-graduate diploma(DMS) at Ife or is it OAU? '91

EMMAACHILE:
Price list 6 dec 2007

no shaking

Nice one!

Did anybody notice Dangote Sugar is flying?(dont need to do a chart  for that one!)

RedStar Express has done 103% since it was listed on the NSE about 4-5 weeks  ago and only about 4-5 people are responsible for this state of affairs they managed to shift about 544,000 today. Methinks there's a PO in the offing i dont think its a simple case of people taking profit. In fact the volume involved today is more than all the volumes combined  since it was listed. (Would like to do  OBV analysis for this one)

easimoni:
aktopgun,
Did you go to UniLag? Your name is awfully familiar.

I was actually going to ask the same question but then the name is quite well known  

rushnovski:
Heard someone on the floor is using biro and paper to write all the results for today. Afterwards, them go scan am put for board.

Abi na true say dem get power failure? na im be say NSE no get back-up system
I dont think all those with millions upon millions of naira and pound sterling and dollars will be very happy o

[quote author=Mr. Risky link=topic=31554.msg1753065#msg1753065 date=1196949788]MAY BE THE MARKET SHUT DOWN IN HONOUR OF ZENITH OFFER. Just kidding. The FG has announced that the nation should expect a massive black-out, maybe it has started and there is no electricity in NSE. Talk of political virus!!!!!!!!!!!![/quote]Despite the fact that we are the biggest importer of electricity  generatots in the world NSE no get generating set