₦airaland Forum

aktopgun:
I HOLD 18OOO UNITS.
AS OF TODAY, HAVE MADE 23.23% ON IT.
ITS MY BIGGEST PERFORMER.

KINDA WEARY OF ALL THESE IPOs CUZ IT SEEMS TO TAKE AGES FOR THE CERTIFICATES TO BE RELEASED

WHY DO You FAVOR BANK PHB BY THE WAY AND PRAY TELL HOW You GET THE FIGURES FOR UR ANALYSIS ALL THE WAY IN ZURICH
I LIVE IN LONDON AND SO FAR ONLY NIGERIANSECURITIES.COM AND PARTLY CASHCRAFT(NOT UP TO DATE I THINK)

TELL! TELL !

here you go-------->https://www.nairaland.com/nigeria?topic=52566.msg1619655#msg1619655

aktopgun:
I HOLD 18OOO UNITS.
AS OF TODAY, HAVE MADE 23.23% ON IT.
ITS MY BIGGEST PERFORMER.

KINDA WEARY OF ALL THESE IPOs CUZ IT SEEMS TO TAKE AGES FOR THE CERTIFICATES TO BE RELEASED

WHY DO You FAVOR BANK PHB BY THE WAY AND PRAY TELL HOW You GET THE FIGURES FOR UR ANALYSIS ALL THE WAY IN ZURICH
I LIVE IN LONDON AND SO FAR ONLY NIGERIANSECURITIES.COM AND PARTLY CASHCRAFT(NOT UP TO DATE I THINK)

TELL! TELL !

I will dig out the figures for you again i think its buried somewhere in one of my earlier posts either on this or the sister thread.

I shuttle between Zurich-London-Lagos so i'm seriously on the ground

aktopgun:
THANKS MAN.
SO SAY I DECIDE TO BUY FROM THE P.O AT A HYPOTHETICAL PRICE OF N8 WITHOUT SELLING MY CURRENT HOLDINGS TILL THE BULL RUN STARTS ( USING SEPARATE FUNDS WHICH I ALREADY HAVE, TO BUY INTO THE P.O) DO You THINK THATS A FAIR DEAL OR EVEN SMART MAYBE

Why don't you  sell some of your WEMA shares(depends on how much you are holding)  and plough it back into the PO and use your uncommitted  capital to buy into some other opportunities.

Diamond and bank PHB(personally my favorite) are coming to the market soon!

[quote author=Mr. Cee link=topic=31554.msg1659265#msg1659265 date=1194457508]@ ROUGHCUT

I have CAPOIL in Mind WHAT do you think?[/quote]Dont have any info regarding that company

aktopgun:
hi roughcut thanks for all your input
i would value what u think about holding wema shares till after their IPO closes and sell during the post IPO bull run.
what do u think?
is there a fear the price is going to plummet soon or am i getting the wrong vibes with the selling orders being suggested
really appreciate your thoughts and those of other contributors on this

thanx

The conventional thinking is that you can sell some now before it goes on TS and hold the remaining till when TS is lifted and wait till when the price climbs higher than when it went on TS at least you don't need to wait for any cert that way you take advantage of the post-suspension bull run. You spread bet you outlay and take advantage of both cycles pre and post suspension  bull run(excuse the the pun!)

Going forward if you believe WEMA holds value (i do) you can offload all or part of your holding and go in for the PO if  and i repeat if the PO is ~N8 so that way you would have funded your acquisition of WEMA shares with the realised profit from the sale of your holdings and you can use some of your original capital to look for the next BIG THING

I'm sure we are looking at N13 before the end of the week _{that is what easimoni is waiting for well you havent got long to go!}

Do you have any company in mind? may be that would help

There's a rumour on another forum of a foreign investor  lurking in the shadows  waiting to pounce on WEMA.
Like i said this is a rumour and this  has not in any way been independently verified nor confirmed!

tonyjon:
@ Yodiyokun,

You are 100 percent correct. It's high time the wheat is separated from the chaff, men from boys and strong from weak.

I strongly believe that we need only 15 solid banks in Nigeria. Spring bank plc and unity bank plc should start looking for a solid bank to merge with now before its too late.

Peace.

Add to that list Fidelity and Skye bank. Springbank??nothing like that anymore

Hmmnnnnnn, i'm tempted to add WEMA to the list(the powers that be wont allow that to happen!) well it wont be a disaster at least  we get to sell our shares at a handsome premium to whoever  is gobbling up WEMA

tonyjon:
RoughCut,

Is it a wise idea for anyone that does not have WEMA shares now to buy during the forth coming PO?.

Peace.

That would depend on the price at the PO is offered. I would say if it comes out at ~N8(i wish!) then go for it if it is higher then i think that would be your call but at ~N8 i would make a BUY call.

All said and done the final decision is yours

MyPeace:
shigidi u are right

After Papa God na you biko!

MyPeace:
shigidi u are right

One quick question when is Trans-nationwide express going to do a PO? as it appears some of us are a bit late to gatecrash the rights issue party or should i tag along with wanaj0?

wanaj0:
was in the punch newspapers as part of the announcement. First Bank showed that it is in a separate class.

Close to 1million applicants applying for over 10bn shares!!! That na serious record! Na real elephant don come to market offer

I think that would be the first elephant to fly!

atilla:
@ ROUGH CUT, EASIMONI, TEMMI AND ALL THE OTHERS GURUS

Is it time to sell Wema shares and your reason please??

WEMA opened at N12.27 (another 5% upward swing)and you can bet it's not going to close lower !

atilla:
@ ROUGH CUT, EASIMONI, TEMMI AND ALL THE OTHERS GURUS

Is it time to sell Wema shares and your reason please??

Well i can say it is fairly correct to assume that the stock will be gaining the max 5% until it goes on TS either this week or next week(from what i have heard) so you can sell gradually depending on the amount you are holding. Divide your holdings into two lots and issue a SELL instruction today or tomorrow and then issue another SELL instruction beginning of next week(i'm assuming it doesnt go TS this week) that way way you would have spread your bets and taken advantage of the swing

The permutation above assumes the stock is going on TS this week or next week.

Here we go again with this insurance capitalization/recapitalization palaver

http://www.proshareng.com/myproshare/portal_news.php?id=3149

easimoni:
My bad, I meant UBN. And they are giving away 12B out of a PAT of 13.8B (~87%)

cant complain though i have had this stock for two years now and its just been stagnant so time to jump ship!

pumping777:
To make an even more omnious connection, Otunba Subomi started and probably still owns most of FCMB.

So i guess he's reaping the benfits of his labour. A wise man leaves an inheritance for his children

pumping777:
Another gamble stock that met it's bill. Time to track the next one,

Yep i'm on the prowl for the next one! i missed out BIG-TIME on Zenith bought N16 and did not sell when it went to N68

I guess this one is off my radar

@hispy99

I have read the report and i dont like the smell of what's inside as far as the acqusition of CSL stockbrokers is concerned. For starters FCMB is shelling out $100M(N12.5B) to acquire and capitalize CSL. This is a company that is projected to generate $13.5M(N1.6B) in 2010 representing a paltry 5% of the attributable income to the FCMB group. The net worth of CSL is estimated at $2.2M(N275M) and correct me if i'm wrong net worth is the difference between assets and current+long-term libilities(sorry i'm not an accountant) and the annualized PAT for 2007 is estimated at $7.4M(N925M) so if they are projecting an income of N1.6B in 2010 in effect they expect to grow earnings by only 700M in the intervening 2 years

This doesnt sound like a good investment to me but guess what? CSL is owned by you guessed it! Otunba Subomi who is the father of the current MD

easimoni:
I'm blushing. . Seriously, I hit gold with Wema, the rest of my portfolio is not shining. All I try to do is hit the stocks with the lowest forward PEs and wait for the market to recognize their cheapness and adjust. Has not failed to work so far. Now I'll hit Crusader with everything I've got. Am I a risk taker? BIG TIME! But you are only young once. When the kids come, I can't do this anymore.

I like your style man. Looks like i'm switching tactics as well. Having children does not stop you playing the market i have a 4-year old and i'm having a whale of a time i guess i'm investing for his future but then i have to be a little bit more measured in my approach.

I think you have hit DIAMOND not gold if my rough estimate of  your WEMA is anywhere near what i think it is
Well done!
I'm actually thinking of 100k units of WEMA when the PO comes but i guess it depends on the price so i'm waiting for the magical N13 before i shell out my holding
We are talking  about a ~ N20 stock here

tonyjon:
@RoughCut,

I love your list as per Ins. coys but what about AIICO and NEM?.

Peace.

I assume your post was meant for wanaj0 i dont hold any ins stocks but that may change now.-)

hispy99:
Came across this report on FCBM that offers some insights into how much they are paying for CSL compared to CSL's revenue and book value. As expected, the valuation for CSL is a little bit rich (CSL's book value is $2.2mm, PAT for 2006 was $0.9mm; PAT for 8 months 2007 is $4.9mm) meaning that FCMB is paying close to 50x book value for CSL (are they not paying N12 billion or so?) . CSL has about $100 million under management and 33,000 clients. The report is alot better than most report that just restate what is in the prospectus; at least it gives new information that is not available in the prospectus.

The Lord bless you bro i guess this puts a different slant on the FCMB offer will be dissecting the report with a very fine tooth comb

easimoni:
@ Roughtcut,
I'm reading and smiling.

I have been reading your stuff since i registered on this forum back in May and it appears to me everything you have touched has the ring of a midas to it. How did you do that? i beg make you transfer some of the anointing now i no dey too far from you ke

yodiyokun:
From N26 to N15 That is a 50% drop , thats  No No. If one is not carefull NSE can wipe off one's gain in one swoop

You dont need NSE to wipe off your gains for you! this is what happens when peeps dont do their homework and go with the hype (herd mentality)

dj4wealth:
Dangote made a quick bucks. Hype was simply sold to the hungry public because of the result of Dangote Sugar.

Dangote is paying himself a dividend of N2.8B every quarter on this stock because he still has 70 or is it 75%? holding in Dangote sugar

easimoni:
I think Ins Coys are at the two ends of the spectrum. Some are ripe for a bull run (by now you know my list   Crusader, M Benefits, Law Union) and some may crash and burn. I think the picture there is largely incomplete but I have done as much homework as I can and I'm buying into the three Coys mentioned above. Only for risk takers.

Well well if you have taken the risk to have 80% of your portfolio in WEMA and you seem to have come out smelling of roses i'm inclined to go with you on this one!

To be sincere i dont  hold any insurance stocks _{waiting till next year}  but i think that is about to change now

steeviee:
i'm extremely dissappointed with NASCON stock. i think it's really unprecedented for a stock of that calibre to continue hovering b/w its current prices without any major cojent reasons.

pumping, wanajo, Roughcut etc what can you say about this development?

Will this sad development have anything to do with the stunt Dangote pulled sometime back in July i believe selling his personal holding in NASCON in a one-day spectacular and a lot of peeps rushed in to buy and jerked up the price in the process i have just had a look again at the share price trend it's being downhill since from a lofty N26 to an abyssmal N15

Nigeria we hail thee!

crazyT:

@ Wanaj0



I have this question for you, this is based on the fact that I have noticed (on this thread) that you are good at jumping out of a ship before it wrecked, so when is it advisable for me to dispose my CAPOIL shares? I set my target at 300% (based on scarcity) but now that the stock is on his way to 400% without any fundamental do I bail out now or still wait to ride the bull knowing fully well that the stock is not liquid.

That is why he is still with us on nairaland!

WEMA bank closed at N11.69 today another 4.94%  gain and if the stock keeps appreciating at the max rate allowable of 5% in the next three days it would break the N13 mark precisely the share price would hit N13.53_{easimoni i hope you are reading this!}  so i guess if you don't already own the stock i think it would be a bit late to join the party!

WEMA is literally  back to life so i'm just sharpening my claws  patiently waiting for the stock to go on TS before i  open fire!

To imagine that just last week WEMA was all but consigned to history  what a remarkable turn-around (officially the come-back kid)

tonyjon:
To all the Guru's in the house,

You guys have said a lot of good things about BAGCO IPO but what I read from Proshare News posted by Bootas is of a great concern to me. It was clearly stated that 6.26 billion which represent 90 percent of the IPO fund would be used to repay their loan. So, if this large chunk of the money is for loan repayment then one just have to be a bit careful with this BAGCO people or i'm missing something?.

PEACE.

Yes you heard right and i dont think you are missing anything they are repaying the loan from the proceeds of the offer and the rest will go on working capital and it will be 70% owned by Flour Mills

wanaj0:
My concern with FCMB is totally different from yours.

FCMB is acquiring CSL. That means the profit of CSL automatically add to the profit of the old FCMB. So if they made N2.7B in Q1, that means without any changes, improvements etc you are talking of profit of N10.8b. Add that to the possibility of growing profit in susbsequent quarters. Add that to the contribution from CSL. So you can see that the N15bn is not far fetched.

My concern was actually the reduction in the assets as at full year as compared to the Q1 status.

Also take into consideration they will have to acquire the assets and libilities of CSL and i noticed they made a provision of N3.2B for risk assets(another name for goodwill) is this to do with the acqusition of CSL ? They will have to charge this to the profits or their reserves so not sure anything changes