₦airaland Forum

easimoni:
@ Yodiyokun,
WAPCO's mid-yr was 5.746B PAT. Only 12% higher than the same period last yr. With 3B shares, you get a forward EPS of N3.83. At a PE of 20, it has an outlook of ~80 in 6 months.

Ashaka's earnings are dropping and WAPCO is struggling to grow. Not enamoured with cement companies at the moment.

easimoni:
Roughtcut,
regarding the YE 2007 numbers (PAT = N444 and shares = 2.4B), the EPS is 19k and forward PE at offer price is ~20. The YE 2007 numbers you quote don't include the offer shares (prob a fair assumption since the certs won't be out). Anyway, my point is the numbers won't start to look good until well into 2008. Not an offer for short-timers.

shigidi:
@ roughcut,
how did u get 10-12 naira by december 2008 its eps will be 0.3, that means it should be 9 naira at a pe of 30
thats been a bit on the optimistic side don't u think its a good growth stock and more of a long term buy. but 10 naira i think is high.

easimoni:
Is NEM doing a PP again? They had an offer last year. If that's what you mean, you have to buy on the market.

easimoni:
The FY 07 results are not out yet but if you annualize the 3Q results and compare to the offer projections, they plan to grow PAT at 140% this fiscal year.

easimoni:
Relocated to Houston a while back for a work assignment. Nothing changes!

easimoni:
I side with the Shig. Somewhere in the fifties.

slim49z:
Hello Fellow Naijas,

I have been a big player in the stock market both online and offline. I have made alot of money too with stocks.

Personally I think one doesn't have to sit on stocks for years like our fore-fathers did in other to make money with them. One can buy a good share on the floor of the Stock exchange today and have it sold the next 2 months when it appreciates

There is one catch though, you have got to know b/w good and bad stocks.

Also one shouldn't undermine the value of penny stocks. Good luck to us all

Slim.

Temmie10:
I like all four, at least in the next 6-9 months and bearing any unforseen situations.

tommy t:
hello guys, u are doing a great job. kudos to every body that have contributed to this forum.
i will real appriciate it if any expert in the house can educate me i have like 100k i want to invest in secondary market 4 a short time. plz i need your advice what stock can i go for that i can make some good cash between now and nov/dec

frankiriri:
@ Frankiriri and others
SO if you'all are saying that [b]Dang Flour wasnt extended because it might not be good,[/b] [font=Lucida Sans Unicode][/font[/color][color=#990000][/color][color=#990000][/color][color=#990000][/color][color=#990000][/color][color=#990000][/color][color=#990000][/color][color=#990000]]and that market sentiments will make all Dangote stocks rise, are you guys recommending it or should we ignore and invest in Japaul? I am a long termer and I am looking for the best shot, or should I split between Dang Flour and Japaul? If so, in what ratio?

Thanks all,

I never said it was extended because it might not be good, the general consensus here is that the stock is over priced relative to its competitor Flour Mills and thus is not such a good bargain. Its only the Dangote's penchant for capital appreciation that might make the offer an outstanding success

yodiyokun:
Annie,

I think I speak for 75% (majority carries the vote) of the folks on this thread - WE AINT INTERESTED.

Anniee4:
I think your a little overly confident in your skills.    I am a new member of this forum due to the fact that one of the Nigerian DCC members cycled out and collected. I am very happy for him. This has given this man great happiness and hope, and I can pretty much guarantee you this man is not a stockholder. I am a stockholder and I am now a diamond voucher holder as well via the Phoenix Rising investment vehicle. Investors may feel this is an investment vehicle they may want to consider for their long-term financial planning. I do not know. It is not up to me. I have just placed this info here for anyone who would like to review it.

Annie

Anniee4:
I was looking for an investment vehicle other than stocks and I finally found it. I watched this group for some time and read and reread the marketing plan and I was still unsure. The last thing I want or anybody for that matter is to be scammed. However, after I was assured of proof of payment and realized the tremendous growth potential I jumped in. You will see many postings on the forum about this group - Phoenix Rising.

Phoenix Rising is a member of the Diamonds Cash Club. They are the No. 1 team because of their unique marketing plan. To become a member of this group you need to agree to reinvest a portion of your earnings. This in itself sets the platform for explosive growth. The program itself is detailed and you would need to review it entirely to see if it is the right platform for you, but there are 2 important things I want to note. This group just kicked off in July and members are already starting to cashout. The DCC has just released a press release stating they are expanding into China and Mongolia next year, so this gives a sense of security to its longevity. And, bottom line, where are you possibly going to make $14,000 with a $220 investment in 1 year's time.

http://www.exane.ws/dcc/

Annie

ifsez:
Hi Ayala,please is NAHCO still in the market i saw an ad placed in this day news paper last week i've forgotten when it will close but I don't know how to get their shares offer.Please reply

Tmoni:
haba roughcut, wanjo, easimoni, temmie, shidigi, frankiriri et a


plswhat is your opinion on shorting stocks in the nigerian stock exchange,
some city boys have made a killing on northern rock in the UK,

i have asked this question before about "shorting shocks"

donne4real:
Easimoni, Tmoni, Temmie etc.,

Abeg I need you peoples' advice o. I just got a loan of about $10k to invest in stocks hoping for a quick return. Which stocks can you advice?

Thanks

Temmie10:
@shigidi

Price to book can be misleading.
I prefer to use it either as a supplement i.e if a company has a low pe, then a low price to book, it gives further impetus to the suspiscion that it is probably undervalued.
It can also be used in rare cases like Transcorp. Price to book basically just throws more light, it is not overly indicative except price to book is less than 1 which is almost none existent on the nse.

frankiriri:
I have not had time to really gothru it but it appears to be ok. I like the fact that their 2007 PE is below ten and their trailing PE is about 11.

shigidi:
@ easimoni,
im confused when it comes to GTB. i previously had a forecast eps of 1.6 in calculations, but on adding their gdrs, i have about 1.3. this turns it from a good buy to a good HOLD. but are these gdrs meant to be listed on the nse or the lse, should it affect our calculations in nigeria if they can be traded in london at any point in time till im clear, i no fit enter this one.

whitelexi:
My only disappointment is that i was seriously broke when their IPO came out in 2004. I didnt buy many of their shares then but now that i look at it, its gone from multiple to multiple and i now have almost 2 x what i initially purchased + dividend, thats a good example of a good to hold share

Temmie10:
@ wanaj0

i appreciate your concerns and they are probably very well founded.
However i am sticking to my guns on this one

Historical pe for banking was 6-11 before consolidation too.
i also feel more comfortable buying crusader at a pe of 14 than buying gtb at a pe 0f 30.
that way i can sleep well without even worrying about correction because i know the company has good earnings growth so in any bearish trend, it will rebound.

plus the outlook for insurance in nigeria is huge, a lot of insurance is becoming compulsory,
dividend payout is not all small in insurance, i got 15k dividend for crusader while fcmb gave out 35k and access gave 40k,
if you compare to the prices they are trading, crusader has a higher payout ratio than a lot of banks.

And banks? na them get equity/debt arrangement pass, their capital structures are as complex as possible

easimoni:
Temmie, muchas gracias!

yodiyokun:
Shigidi,

Thanks!
That should have been obvious but it wasn't.

Can you explain the reason for the multiplication; I am thinking here believe me but just can't understand the reason why a multiplication of eps and pe gives the probable market price