₦airaland Forum

If you think EDUCATION is expensive try IGNORANCE

debenzd:
@Roughcut, I will disagree with you on one point. UBA Share plus is actually the best in the market so far. I know because i am using it. You do not pay any interest or capital till after 1 year. You also have an option to renew after 1 yr and I intend to. In addition, the mgt fee was only 2%. That was all I paid. Nothing more.

Every other bank I have approached(quite a number) have stupid charges and crazy payback periods. I may have to settle for 1st Bank in the end.

Yes you use their stockbrokers but the charges are fair. 1% commission plus all the other charges as specified by SEC.

Now that you mentioned it i would say something about First bank. I was reluctant to mention it as i don't feel comfortable recommending margin facility. FBN margin facility is a lot better than the UBA Shareplus and i think someone mentioned it a couple of weeks ago on this thread and from what i read it sounded a lot better than the UBA Shareplus facility. Correct me if i'm wrong you are not restricted as to the choice of stocks you can buy right?

That alone will make you millions even if the interest charged by FBN is higher and i don't even believe this is the case actually. Cant remember what it was again but definitely not 17%.

By the way if you had a margin facility to trade for a year Haba if you buy only 4 stocks i think your returns should more than 50% innit? The issue with that portfolio is that there's not much time to do a quick 'aim and fire' _{don't ask me what that is} because your turn-around time is squeezed by the time limit of the margin facility.

orisebawo:
COMPANY QUANTITY COST PRICE CURRENT PRICE PROFIT PER UNIT

FBN 51,515 33 50 17
GTB 100,000 33 39 6
GTB 30,000 34 39 6
GTB 50,000 34 39 6
DIAMOND 15,000 22 22 -0
UBA 25,000 49 50 1
DIAMOND 45,000 23 22 -1


Please can someone tell me if this portfolio looks healthy, this is what i invested in  after FBN returned N8.3, i need to return N7m including interest to UBA by July and i hope to atleast double my stake (N4m) before then.The major problem is that i am restricted to only 21 Stocks.

Access Bank
Ashaka Cement
Chevron Nigeria Plc
Diamond Bank
Ecobank Plc
First Bank Plc
Flour Mills
Glaxosmithkline
GTBank
lBTCChartered
Intercontinental Bank Plc
Mobil
Nestle
Nigeria Breweries Plc
Pz
Total Nigeria Plc
UBA
Unilever
Union Bank
WAPCO
Zenith Bank

Hmnn from a very rough estimate you have made about N1.9M in profits. The sell candidates in your portfolio would have been Diamond and UBA but if you do you will actually make a loss after commission and charges and you don't actually have the time. They are medium-long term stocks . GTB will do well anyway.

The only stock on that list i can recommend is NB they are doing very well but its got a fairly high nominal value but if you don't mind you fit enter and hopefully they do well again for Q1 due in March but don't expect results until May so you can lock in your profits just before then.

Unfortunately there are no CICO stocks in that list  and i would be reluctant to recommend you do CICO considering you are using leveraged funds.

The problem with UBA Shareplus loan is that the costs are excessive i'm assuming this is the facility you got and i think it comes with 17% interest and then a 5% adm fee or something like that which you have to pay upfront.

Next time don't take a margin facility that restricts your choice of stocks.

Not sure i need to add the usual CAVEAT EMPTY if you don't make money on NB then may be you need to go and do something else

All the best!

He be like say Oand O don enter 'yawa' with imported fuel contaminated with too much ethanol. Hmnn wonder what that would do for the sky-rocketing share price

http://allafrica.com/stories/200803060475.html

@Pumping777

Someone say make i tell you he don e-mail you. He wan make you pump some info him direction

[quote author=invisible! link=topic=31554.msg2029900#msg2029900 date=1204826255]All rise and clap for CHELSEA, the true champions elect, clap, clap, clap, clap, year all can now sit down and lets discuss stocks and shares.[/quote]You are the only one doing the clapping

pumping777:
Well, now that I know

You can see clearly now

Actually its looking good for CICO and Medium-term. On both counts it passed with flying colours i just need to wait to shed some more,

pumping777:
Are you sure about this? What basis did you use for the PAT? The trailing PE is around 41.

Infact the current PE is 25 not even 41 and forward PE at current price is ~15 this is because i have been conservative with the expected PAT growth rate.

FYE '07 PAT was N439M and 800M shares listed. They actually increased FY PAT by 128% so i have assumed a PAT growth rate of 60% if i had used 100% that would been a PE of ~12. All of a suden its looking good in my spreadsheet.

Not sure about bonus sha!They didnt actually give a bonus they doled out a 25K dividend

Naijadr:
RoughCut this ya V boot wey u mention, na tokunbo abi locally used, make i check price o

@all, UBA Daily Stock Bid Attached

Na locally used o but î need to wait a few more days so the locally used  go come dey very affordable

If na tokunbo dat one go dey expensive o

pumping777:
Ha, now you don comot the wool from my eye.  [b][/b]

As it happens VITAFOAM has a forward PE of ~12.5. Na F02 come point me in the direction of the stock last December in anticipation of the expected action for FYE  Sep '07 and boy did they do well?. I don CICO one time na re-entry i dey plan now

windywendy:
Ok sorry o. Looks like I made a mistake here. Bigtreat is not on TS -- at least it doesn't look like it is. Chei, apology for the error o. It actually went up by 5% today. @Roughcut, apology too o.

They are going on TS but not until after i have squeezed out my 25% pound of flesh blood

nakedwire:
buyers beware!!!!!! !!!!!!!
Subject: Stock Market


Once upon a time in a Nigerian village, a man appeared and
announced to the villagers that he would buy monkeys
for N10.

The villagers seeing that there were many monkeys
around, went out to the forest and started catching
them.

The man bought thousands at N10 and as supply started
to diminish, the villagers stopped their effort. He
further announced that he would now buy at N20. This
renewed the efforts of the villagers and they started
catching monkeys again.

Soon the supply diminished even further and people
started going back to their farms. The offer rate
increased to N25 and the supply of monkeys became so
little that it was an effort to even see a monkey, let
alone catch it!

The man now announced that he would buy monkeys at
N50! However, since he had to go to the city on some
business, his assistant would now buy on behalf of
him.

In the absence of the man, the assistant told the
villagers. Look at all these monkeys in the big cage
that the man has collected. I will sell them to you at
N35 and when the man returns from the city, you can
sell it to him for N50."

The villagers squeezed up with all their savings and
bought all the monkeys.

Then they never saw the man nor his assistant, only
monkeys everywhere!! !

Welcome to the "Stock" Market!!!!!

Hmnnn  na Ioma get the original copyright for this 'tory' i think you need to take permission or pay some 'royalty' before you recycle this material again

pumping777:
You come get eye pass me sef because I never see these V-Boot and B+ wey una see. Make you show me road o

Oya, Roughcut too, as na you start am

Haba you no put on blind-fold now Na Bigtreat and Vitafoam but madam windy come talk am now say he be like say Bigtreat dey for TS.

windywendy:
Hmmmm, looks like bigtreat is on suspension. Buyers beware o. Confirm first before buying (disclosure: I don't have bigtreat)

If that is true  that explains why the thing dey gush out blood but methinks that would be silly of them to go on TS while the price is free-falling

yodiyokun:
V-- e get a se be. Make e drop small.

That V never begin shed blood just wait small. B no dey even shed blood again  the thing just dey gush out like tap water

windywendy:
Na lie o, the doors will still be wide open by the time we want to come back  and will therefore be able to kick open any closed or locked doors.  

You no no even need any force to open any door .At least as i dey look now door don already open for one wey begin with "B" as Naijadr talk am before and another one wey begin with "V" Na sweet dreams be dat_{very good clue}.

I just need to see the blood for floor before i pounce. Dagger don go in but blood never commot  

Naijadr:
;DI just remembered how we used to kill chicken at home, you are so right! But abeg no talk too loud o, lets safely get into the 60s by Monday!

No danger of laburu happening any time soon . People are still on a buying spree the sellers  never get the 'pali' by the time they begin get the pali and verify we don commot join another jet be that but leave some luggage on board sha

John Holt has done 40% in 9 days but i don issue sell mandate jare make Green-eyed or is it Red-eyed monster no come wipe away spreadsheet profit

Naijadr:
Good question! People that like to run after fast moving trains perhaps ;

Train ke? They are running around the tarmac like headless chickens after  jet wey dey fly at supersonic speed

aktopgun:
i already have such a hole in my wall

as that rough arse supporter would say " NSE we hail thee".

Are you talking about  Man Disunited?  

Naijadr:
RoughtCut I retract my statement of N70 for Costain, we might be able to get N75 sef before selling
Na God, thank you Lord!!

At least you are looking at N65 by next weekend. The question is who are those buying though?

aktopgun:


i would suggest an auction at that polo field, u know the one called the emirates polofield stadium.

Dont worry at all i will still be here to carry your candles when the Theatre of Dreams turns into a theatre of NIGHTMARES

tkb417:
@Roughcut
Spreadsheet profit no fit disappear in Jesus name
bailing out of Afprint and Livestock today today
silent assasin ke?

I say a big AMEN to that one o!. Now that you mentioned it i'm bailing out of John Holt sharpish tomorrow looks like  its going to go on a few more days but that no concern me. Have to send a SELL  MANDATE kia kia TODAY for execution TOMORROW

tkb417:
just read quietly. . .thats what ive been doing and i've been raking in profits from Dunlop, Afprint, First Alum, Livestock and even Conoil.
So chill and don't talk too much bruv

Ha ha make spreadsheet profit no come disappear

Silent Assasin!

Naijadr:
So makes sense that price is climbing, some folks are trying to get in so they can qualify for supposed bonus (if any) and dividends, another NSE cultural element
register will prob close same time PO is listed that 3rd week of march or so, so another 2 weeks max of enjoyment dey!

The fear of profit-takers is the beginning of wisdom

Naijadr:
register will prob close same time PO is listed that 3rd week of march or so, so another 2 weeks max of enjoyment dey!

And Advancement

Naijadr:
Ahh yes now, since its march it wont be released till may-june, so if we sell by end of march. Profit takers will bring price down in April abi?
Say NO to spreadsheet profit

Ha Tufiakwa spreadsheet profit ke? God forbid bad thing.

Yes o even you go fit enter again before they release FYE results. So timing is very critical as soon as they don close register na im be say na signal to begin take profit be dat

lumidii:
No be the same north you dey pray make the stock prices of your portfolio dey go? Abeg make you leave north alone. The further up north you invest/reside, the higher your portfolio go dey rise. lol

Haba i no fit yab una wey be northerners o! any attempt

I say BIG AMEN to that one my Bro

Naijadr:
@ WindyWendy, my dear sister, thanks, ese o, dalu so, nagode for that response regarding COSTAIN, I'll def be selling before PO certs are listed, I even forget say na N13 I'll sell oh, that might be another reason price is going up to help with the slight free fall, at this rate by end of March price could be hovering around N70, I'm so selling Then buying back in April, maybe it'll drop down to N50 in preparation for the climb towards June for release of FY.
RoughtCut abeg claim your millions ooooo, come rain or shine, "edumacation" must be paid for!

You don dey put motor for reverse o FYE is March!  

So you can sell towards the end of March just by the time the shares are listed and hopefully the profit takers will help to push down the price a bit so we can enter again as FYE results are expected around May

goldenson:
Cheveron is at the 4th roundabout. I am talking about 3rd RBT. ie Mobile . They have the femi okunu estate there. also you have osakpa london there, you can get houses at good rates there.

I was round there a few weeks ago and before you know what's happening all the land there will be snapped up all sorts of developments going on there.

blueband:
Prices of houses in my area have not doubled in the last 5-7 years o.Maybe 50-60 percent at most.And there is lull at the moment with most interest rates now no more protected.

I said on average it does not mean all properties would have doubled in price during that time frame. The average cost of property in the UK is about  £181K does that mean that's the price for all houses in the UK? Not at all!

Put my post in the context in which it was made

That's because of the 'aggro' with the credit/subprime wahala. You used to be able to remortgage your property for about 85% of the market value of your house but now those kind of deals are few and far between.

orisebawo:
I thought he was thinking of buying the house cash down(N75M)


Houses in my area have definitely not doubled in the last 5-7 years, i know the Office of national Statistics says so but it is yet to happen in the open market, maybe if you buy at auctions

That does not make sense financially  If you have 75M cash to play with  divide that in 4  you will conveniently pay the 20% deposit for two properties and use the rest in investing in the stock market and buy one of these 'jekuredi' software houses   in Lagos in need of  liquidity injection and turn it around.

You are made for life mate!

I don't know the area you live in but on average in the last 5-7 years house prices have doubled in the UK. Even in Wales and Scotland and up North!

orisebawo:
You will need to release a large amount of equity to buy a N75m (£300,000), that house in the UK will have to be fantastic for you to be able to do such plus you will need at least £2200 to service it every month.

And dont forget that in the UK house prices have more than doubled in the last 5-7 years if you are opportuned enough to get in on the action that is