₦airaland Forum

damoche07:

This is why my company needs to bar my access to nairaland.I can't stop laughsmiling.The sky is big enough to accomodate all kinds of birds.Lets just play it cool on both sides.

And i have never heard or seen two birds collide in the sky lai lai

Temmie10:

now i am really having a laugh!

i'm having a laugh here seriously did you read the stuff from bigjay01?

, some you need a quick hit and run provided you don't get hit before yoy'have had the chance to hit

Temmie10:
i am loving this thread these days,
with attacks and counters
mentors and proteges,
Let all the number crunchers keep crunching, thats their proven method and they deserve the repect.
Also let all the prophets prophesy, they deserve their fair share of respect,
In many ways it helps to have all these differing views about the market, thats why there is a market after all,
anytime u sell, someone is buying, anytime u buy, someone is selling,
If we all thought a stock was good, no one would be selling and the stock would never be available to buy.
Keep the views coming, i have always said that in this market, the only way a man finds out if he is right or wrong is when he puts his money on the line.
so all the fundamentalists, technicalists, traders, prophets, gurus, agents, apprentices, fathers, i salute.

noticed you didnt include the suicide bombers sorry i meant to say momentum traders in your list   i'm sure we can all have a laugh

pumping777:
Zenith Bank.

However, I look at this, it is going to be a money spinner at current prices by either buying from the floor or the PO.

After making privision for possible 25% oversubscription from the coming PO, the projected adjusted PE for Zenith is 22.6 based on the TS price and current earnings. Only UBN and WEMA have lower numbers at the moment.

If the PAT forecast for the current fiscal year in the prospectus is even greater than N32B and is reasonable, this is going to be a very hot stock even in the short run.

Which means the post TS bull run should be solid well well what can i say?

texas543:
@ BOTH OFFSHORE AND ONSHORE NAIRALANDERS!

If we continue this way the beauty of this thread will be lost. I think everybody that visits this site should be wise enough to separate the wheat from the chaff.

The Talibans, sorry "fundamentalist" keep it coming and suicide bombers, sorry "momentum traders" also keep it coming!

We are enjoying both your inputs!

wa o! that is original i must say

pumping777:
Well, I don't know how this affects you. Just skip the posts. You can take care of your own "students". According to Fela sha, Teacher Don't teach Me No Nonsense.

i tire o

FatherOF2:
@ ALL MY OFFSHORE NAIRALANDERS,

   I keep seeing jaw breaking number crunching flying across the screen.Why don't you translate your number crunching into something more tangible for the numerous not too discerning investors that watch you daily.BECOME REAL TEACHERS.
We keep seeing scenerios like " Mr. X how many shares do you have outstanding for Company J.Mr. Y replies 600bn.
Mr. X says " Oh sorry my mistake".My Z now adds his own 5bn too.
Many investors on this thread have one question ".HOW DOES THIS TRANSLATE TO PROFIT FOR ME.?, ".
Translate your figures to Buy and Sell decisions. 
Period.

I didnt hear anybody complaining though so not sure what you are on about

pumping777:
I think easimoni is correct. I messed up my original calculation somewhere.

NSE (I tend to use NSE figure if it is the highest) lists the number of shares for Intercontinental as 17,987,322,448 and this will not include preferential shares that have not been listed.  If you add the supplementary listing it comes to 18.55B.

Alright then

easimoni:
@ Pumping,
I have 18.55B shares. IT's a mess with the multiple listings. Wish they'd just list them all at once.

I'm assuming you added the 1.5B  convertible preference shares. As long as these preference shares have not been converted you will need to subtract these from the ordinary shares outstanding when calculating your EPS. Preference shares are treated differently from ordinary shares because they dont qualify for dividends due to ordinary share holders so i would make  the outstanding shares 17B until i can confirm they have indeed been converted to ordinary shares

aktopgun:
@ roughcut

i hear u man.
just doing some digging on them now, their share price has just about doubled in a year

they are strong from everything i've found out about them and are positioning themselves for growth.
i like all the noises they're making.

maybe i'll take your lead and welcome my son to the world with intercontinental shares when he's born in 3 days time       

Intercontinental is up there with Zenith and the BIG boyz its in the premier league and Erastus Akingbola has been an asset to the bank

aktopgun:
@ roughcut

i hear u man.
just doing some digging on them now, their share price has just about doubled in a year

they are strong from everything i've found out about them and are positioning themselves for growth.
i like all the noises they're making.

maybe i'll take your lead and welcome my son to the world with intercontinental shares when he's born in 3 days time

congrats man! and welcome to the world of sleepless nights and changing diapers _{i'm assuming this is your first} i wont swap the experience for anything else

aktopgun:
@roughcut

cutix are doing well as i thought they would.

i am sorry i didn't trust my initial conviction and go in earlier but sha, its never too late!

they are mine for 2008 and probably beyond, not sure if they'll be around by the time my kids are around for me to pass it on to them though!!      

Intercontinental will be that much i can bet you as it happens my son is already a shareholder lucky him

[quote author=Mr. Risky link=topic=31554.msg1722720#msg1722720 date=1196169943]Why did UBA price drop?  Is it that people are not satisfied with the result or the reward?

If it is because of no BONUS, they would have known that UBA has the tradition of giving BONUS every other year, and since they gave last year, they shouldn't have expected BONUS this year.

For me they are on the right path!

Kudos UBA

easimoni, Roughcut, what do you know about R T Briscoe and Air Services & Logistics?
Please tell a fan of yours here [/quote]cant find anything else apart from what you already know

aktopgun:
@roughcut

amn i am still cahsing that gazelle of a stock called redstar my brother.
the thing is going in leaps and bounds. i bet they are sorely tempted to go on TS soon ask for a nice price for their IPO.
Just hope that broker of mine comes good before then

na wa o!

A bi o
BTW Cutix is not doing badly at all did the biz again today!

aktopgun:
and intercontinental gained despite the supplementary listing

its a strange world simon says!!!

Noticed RedStar Express did another~5% today the share price closed at N6.18. Are you one of  four peeps  buying? i beg if na play stop am o i still never get the thing o  looks like i will have to improve on my bid price

aktopgun:
and intercontinental gained despite the supplementary listing

its a strange world simon says!!!

yeah its only ~0.5B additional shares listed and it did the max 5% today

aktopgun:
JUST FOUND THIS FELLAS

SUPPLEMENTARY ALLOTMENT LISTED
INTERCONTINENTAL BANK PLC: WE HAVE TODAY LISTED ON THE OFFICIAL LIST OF THE EXCHANGE INTERCONT SUPPLEMENTARY ALLOTMENT OF 537,281,740 ORD.SHARES AT N13.50 PER SHARE AND A RIGHTS ISSUE OF 12,170,791 SHARES AT N13.50K P/SHARE.


NO wonder they are taking a bit of a hit. i am still hanging with them though

Yeah i have this one since the  IPO back in 04 at N6 i think  and no shaking on this one i go transfer this one to my children
According to the tech analysts this stock is trending sideways so we should not expect any dramtic price swings for a while i go just siddon dey look excuse the pun

aktopgun:
it was a reverse split of 4 for 1 unless i'm mistaken. so their shares outstanding has risen but need to search for the numbers again but i'm not at home yet
will let u know once i have the figures again for sure

That's what baffles me normally when you do a reverse split or share reconstruction so to speak the shares outstanding are reduced  by a certain ratio and the price now increased  by a factor of the ratio in  which the share/stock was split. So the value of your holdings will be the same even though your holdings(# of stock you hold) is now decreased. So am i right in assuming that the share price must have fallen catastrophically from the newly adjusted price of N25 in mid-October to N11 now? the share holders must have had a terrible deal then

Not sure what happened like i said and i hope my postulation above proves to be the contrary i would be interested in looking at the figures if you have them

aktopgun:
@roughcut
u are right about the double top thing and it was beween 17th sep and 10th october but their share price was marked down for the split they did don't forget and fundamentally speaking it is a largely profitable company with room for growth and their own niche in the market (eastern nigeria i believe)

i thin they will do well medium and long term as long as profits improve nad remain good

thanks for the observation man

So that's what happened yeah on the face of it they appear to be a profitable company so what's the story about the split?

aktopgun:
anyone following cutix?

chei, e be like say this horse don bolt o!!

anyway its been profitable for the most part apart from their last result an is fundamentally sound

just asked my broker to chase both it and redstar express and he better catch both, if he knows whats good for him because i know where he lives

I was actually on the trail of this stock a while ago and i think there was something i passed across to you regarding this sometime ago. The stock came from less than N5 at the beginning of the year and went up to N25 in Sept before settling at the present N11 not sure what happened there!

If you look at the chart pattern between mid-September -  mid October  it did what i  believe the tech analysts call 'double top' _{easimoni i dey wait for your new and improved spreadsheet} which does not usually bode well for the stock price so i think i will leave well alone i may be wrong though

aktopgun:
I rest my case
as stated, enough said

For 2008, me thinks C&I Leasing, Nig- german and REDstar are stocks to watch based on their numbers, sentiments and growth expectations

redstar did say they were going to do P.O soon after coming onto the market but i wonder if they'll just ride this bull run as far as they can go before goin on TS. IT WOULD DEFINITELY FAVOR THEM!
it would appaer they arent just a one hit wonder or having beginners's luck because their performances have been consistent ie profits and they are as listed currently the only coy in their sector meaning they really have free reign and no competition, for now anyway.

Agreed but i think NIG-GERMAN might have become expensive to enter now and i don't think  there is a 'correction' imminent unless we can beg wanaj0 to sell to us at nairaland discount

RedStar express has been paying dividends and showing consistent growth for the past 10-11 years hopefully they can ride the bullish sentiment a bit before going on TS. I have taken position_{issued a BUY order dead or alive} so i don't want to be caught out by this TS business. There is also Trans-national express and MyPeace is a loyal employee or is it shareholder? of that company and we have been begging to sneak us in on the action at Trans-National

wanaj0:
See me defending Access when I am not even a shareholder. Well, share the LOOT with us OOO.

The patient dog eats the fattest bone. Can imagine how you felt when the price of Access was stagnant after the lifting of TS. Now you are having the feeling of De ja Vu

Yeah i felt frustrated because i actually bought this stock_{shed loads of it} back in '04 looks like i will sell about half and then decide what to do with the pile of cash i will be sitting on i'm still looking for what to do with the cash from WEMA

The bulls are on the rampage on the NSE from what i have read on the sister thread but i will say this the liquidity that is fuelling demand and pushing up the stock prices will be re-directed to the primary market to take advantage of the rash of PO and IPO's on offer and for those coming on stream which will have the effect of mopping up 'excess' liquidity in the secondary market therefore things should settle down a bit on the secondary market so we bargain hunters can go hunting again(i'm buying RedStar Expresss now though)

So end of year and 1Q next year should be interesting

Secondly all manner of companies will be declaring FY results and a lot of peeps will be taking profit and with the  festive season knocking therefore prices might be depressed  a bit

shigidi:
@ stanchuks, BETA GLASS has good fundamentals, a forward pe of 9 is the best u can get right now. i couldnt get any today as well but still hoping sha.
it should hit 20 naira by march next year.

and i found another candidate RedStar express at a forward PE of 11.7 but the stock is not liquid at all!

What say ye now rough cut?Access has crossed the N20 mark

I was going to shed ACCESS but looking at what the price is doing now and wanaj0's timely intervention_{i'm not selling my ACCESS easimoni does that sound familiar?}
So if you have ACCESS don't sell yet looks like there is still more in the tank but i don't think it's a good idea to buy now if you don't have it

pumping777:
Analyzing for speculators does not prevent objective analysis. I have no problem with your speculative analysis but it is not everyone here that is a speculative investor.

I do not have to praise an increase that is below my expectations. Like I said, the market may reactive positively, but we need to share anlaysis that will prevent us from herding with the sheep.

Couldnt have put it better meself! I think you wanted to say herd mentality and like wanaj0 will always say investment based speculation without an objective and intellectual dissection is a sure-fire way of getting your fingers seriously burnt_{a bit stronger than wanaj0 would actually put it}

I think somebody said on another forum and i quote ^{the market can remain irrational longer than you can remain solvent}
Nuff said

pumping777:
I think FCMB could have done better. Agreed that PAT has grown by 139% YOY but this has already been reflected in the current price. Though the market may react positively,  I don't consider this result beyond expectation. In fact the projected adjusted PE still remains the same around 28 which is on the high end (I have factotored in possible 25% oversubscription).

Ekocorp's result is okay. Forward PE is now 17 which I think is currently the best in the sector at least for the companies I have data on which are all the main ones.

Red Star express is the bomb. Projected PE is 11.7 with earnings yield of almost 9%.  I'm going out for this one. The PO will have a high risk of dilution because bonus shares may be declared and new shares may not qualify. I hope not though.

In actual fact bank PHB is a better option than FCMB and the figures are more plausible than that of  FCMB so will wait towards the end of TS on PHB  the half-year will be DEC and the half-year results due around JAN/FEB next year  next year so hopefully if expectations are met that should give the share price a leg up when the stock comes off TS

pumping777:
I think FCMB could have done better. Agreed that PAT has grown by 139% YOY but this has already been reflected in the current price. Though the market may react positively,  I don't consider this result beyond expectation. In fact the projected adjusted PE still remains the same around 28 which is on the high end (I have factotored in possible 25% oversubscription).

Ekocorp's result is okay. Forward PE is now 17 which I think is currently the best in the sector at least for the companies I have data on which are all the main ones.

Red Star express is the bomb. Projected PE is 11.7 with earnings yield of almost 9%.  I'm going out for this one. The PO will have a high risk of dilution because bonus shares may be declared and new shares may not qualify. I hope not though.

which is i'm charging in tomorrow if it does another 5%. Hopefully i wont precipitate a bull run on this one. You are quick on the mark arrived at a forward PE of 11.78 and EPS of 50K
I'm sure they would try and ride the wave a bit before going on TS

Temmie10:
so are u james khan or the fiesty lady?

James Khan the guy is KOOOOOOL  i just like his style he waits for everybody to have their say before showing his hands

wanaj0:
I am not a short term player. FCMB is good but not that impressed with the balance sheet. Something does not add up.

Afrinvest to me is still one of the best out there. They are passing through a lot of changes and restructuring though. As a rule, copy someone (another account officer) in all your correspondence. If you don't get propmt attention, escalate.

That business with CSL just put me off right away_{the MD's papa owns CSL so no surprises there} and i think the projection for '08 PAT is optimistic the half-year PAT for '08 is  N5.34B  so where are they going to get the N5B to make up the N15B projected for full-year PAT? The fact of the matter is that FCMB is still a ~ N10B PAT bank so like the Dragons in Dragons Den_{anybody watching Dragons' Den?}  would say I'M OUT!

Temmie10:
@roughcut
why will redstar be goin on ts. is there somethin i am missing?

I read just before they were listed that they will soon be coming to the market to raise more funds and increase their share capital

kpineo:
Access is now 23.03. what is the news in the cooler any ideas? i guess we can expect it to hit 27 by Friday. that will finally bring a xmas smile to my face

No be only you o!And to think that i was almost going to shed my ACCESS in anger. Wanaj0 thanks for your timely intervention

check this

RED STAR EXPRESS PLC HALF YEAR RESULT FOR THE PERIOD ENDED 30 SEPTEMBER 2007
2007 2006 CHANGE % CHANGE
N'b N'b N'b %
TURNOVER 1.585 1.338 0.247 18.46
PBT 0.212 0.193 0.019 9.84
TAXATION 0.064 - 0.058 -0.006 -10.34
PAT 0.148 0.135 0.013 9.63

The Lord bless you real good bro. I have cobbled together some very interesting numbers for RedStar the forward PE is  11.78 and forward EPS=50k on an annualized basis. That is fantastic and if it does another 5% tomorrow i'm charging in before it goes on TS(doesnt matter if its only one person that's responsible for what i'm witnessing) and coupled with the results just released its onew-way traffic for the share price

I understand the stock is illiquid though which may explain the mystery of the  one-man show phenomenon