₦airaland Forum

@grabdbull,


Just relax and wait for sometime because Conoil will surely bounce back and you will make your profit.

Peace.

@all,

Na Wa for NSE. Every stock for NSE now na hot cake o. Even stocks that doesn't have any fundamental are experiencing price appreciation every blessed day and people are making their cool cash. I have made more money this year from stocks that doesn't have good fundamental than from stocks with sound fundamental. I must confess that there is something wrong somewhere with NSE.

As per AFROIL and CAPITAL OIL, the downward trend will continue for sometime but if you still have the stocks and you did not borrow money to buy, I will advice you to hold on. The stocks will bounce back again very soon. NSE na funny place o.


@ Father of 2,
I hope you dey watch Eterna plc o.

Peace.

@Shigidi,

Is there any news as per UBA and Diamond?.

Peace.

@all.

As per Transcorp, the people that are still buying are those that controls the market(mopping up).

Transcorp will be coming back to the floor of NSE very soon in a big way (info from a reliable source).

Na wa for Niger o; wonders shall never end. If you have a small liver, please don't put your money in Transcorp now.

Peace.

@ioma,

Thanks for the cartoons.

@emotimi,

If you have a current account with UBA PLC already, you don't have to open another current account. The person that told you to open another current account was just trying to exploit you---he or she wants you to pay more money to UBA PLC.

Do not go through UBA NRN PROGRAM. You can get intouch with UBA STOCKBROKERS direct and tell them that you want to open a brokerage account and that they should send the application form to you via e-mail.

You can get intouch with UBA STOCKBROKERS through this e-mail address: ubastockbrokers@ubagroup.com. You should always stand your ground when dealing with UBA NRN reps.

Hope this help.

Peace.

@ Prince11,

If you still have some money left, enter eterna again. The price will continue to rise.

I bailed out early but I have entered again and I have made some reasonable gain already.

Peace.

@ Samstone4,

What's up with Trascorp?

ok.

cheexy:
@Frankiriri
I am very sorry for your loss. God knows best

@all
Can you imagine that i called my stock broker to find out if he had sold the shares i wanted to sell and he told me that i didn't have any money in my account. I was kind of confused at first until i realised that he thought i wanted to buy instead of sell. Imagine buying mbenefit at 5naira and intercontinental at 40 naira,

I just hope i am not selling mbenefit too low at 5 naira because i saw that the price maxed out yesterday

You guys are funny o CICO, GIGO, RIRO very soon i will hear ZIZO(zoom in, zoom out)

RoughCut:
Nice one to add to n'land vocabulary!

RoughCut:
Nice one to add to n'land vocabulary!

Make u na add SISO - STEP IN AND STEP OUT.

@ALL.

Stockbroker counsels investors

By Agency Reporter

Published: Thursday, 31 Jan 2008

A Stockbroker,Mr Yemi Olumide, today in Lagos, advised investors to redefine their reasons for investing in quoted firms.

Olumide gave the advice against the backdrop of complaints by some investors on what they termed ”undue delay” in the payment of dividends and bonuses by some quoted companies.

Olumide, who is of the Professional Stockbrokers Limited, told the News Agency of Nigeria that unlike in the past when investors were contended only with gettingdividends and bonuses, today‘s investors invest for capital appreciation.

According to Olumide, while dividend and bonus payments yield little returns because they are also an aspect of investing, capital appreciation is more beneficial.

He explained that before dividends could be declared, investors would have to wait for the companies to close their register which, he said, usually took some time.

He described the Nigeria capital market as being on the upward trend with better prospects for investors.

“Today, there is more sophistication in the trading activities at the Exchange. The market looks very futuristic,” he said.

FROM PUNCH NEWSPAPER.

@Pumping 777,

God bless you . You are the true son of your father.

Keep on Pumping.

Peace.

Hi Pumping,

Please there was a post by WANAJ0 some months back that had to do with Company's dividend and bonus announcements. It talks about dates when dividends were paid out and also end of the year for all the companies on NSE list.

If you have it, kindly post it again or better still send it to me through this e-mail address:jontony20@yahoo.com.

Thanks.

Peace.

@ Wanaj0,

Did you read the post I directed to you?. Please am waiting for the document/information.

Thanks.

Peace.

question:
RORO - roll on roll off
CICO - cycle in cycle out
GIGO - get in get out

Hope I am correct.

ALL CORRECT

@ Father of Two,

As per Eterna, I got mine at #17.23k and I sold everything last week Friday at # 20.01k.

I wanted to hold but the way the price was fluctuating was a bit disturbing.

So I decided to quickly apply CICO.

Peace.

@ Wanaj0,

There was a document you posted some months back on company dividend and bonus announcements.

Please could you kindly send the document(all) to me through this e-mail address: jontony20@yahoo.com.

Hope to hear from you soon.

Peace.

@Frankiriri,

No matter the the situation; no matter the condition, we should continue to trust HIM.

The greatest comforter will definitely see you and your family through the dark period.

I believe all is well. God bless you and your family.

Peace.

Genuine:
Can somebody explain the effects of the insurance companies consolidation, especially for thos who have a huge holding in their shares?

More money to make by investors

Peace.

@ALL,

Where is PUMPING 777?. Hope all is well.

Peace.

Mr. Risky:
Even though you no mention my name, I will like to tell you.  But before I tell you I wan know whether you are hypertensive or if you live near family doctor  Anyway within the next few weeks:

Mutual Benefit
Law Union
Staco
Standard Alliance
Crusader

go waka stop with legs suspended

The interesting news is that by the time they are released from detention, their year end report would be ready and their prices go near Katsina border with Niger  The harmattan go don finish by that time

You this guy please nor kill me with laughter o o.

elemu:
@FatherOf2 @All
I am trying to use your CICO theory, since I have lost faith in POs PPs. But one thing you are not saying is that to use this tactics you must put in substantial amount of money in that stock. Once I get in on any stock I am automatically at a minus of 5.28% (buy and sell) thanks for my broker. So to make a tangible gain I must shoot for 20% after Broker fees. And in general that is not a short term thing, Am i right Baba? Loving this thread!!!

Even if you don't put in huge amount of money, you can still make some money. As regards some stocks, you may not be able to make 20%; just get out with whatever your gain maybe.

Inasmuch as you are not losing money after paying your commissions, be happy with yourself.

Peace.

@Windywendy,

What is you take on UTC PLC?.

Peace.

son5070:
NAHCO ALLOTEMENT !

Got this from STOCKMARKET FORUM
1000 units 100%
1001-2000 30%
2001-3000 - 21%
3001 - 4000 - 20%
4001 - 5000 - 15%
5001 - 6000 - 12%
6001 - 7000 - 11.5%
7001 - 8000 - 11%
8001 - 9000 - 10.5%
9001 - 10000 - 10%
10001 - 15000 - 9%
15001 - 20000 - 8%
20001 - 25000 - 7.5%
25001 - 30000 - 6.5%
30001 - 35000 - 6%
35001 - 50000 - 5.75%
50001 _ 100000 - 5.5%
100001 - 200000 - 5.25%
200001 - 300000 - 5.2%
300001 - 1M - 5.175%
1,000,001 and above 5.137%

If this is correct, then I don't think any reasonable person should buy IPOs / POs again.

Peace.

dollyp1cute:
@Tonyjon hold liver now, you may leave the ship even before result.

If you are waiting for the effects of the result then you must have done a lot of homework and analysis and come to a conclusion enough to rest your head.

Why not CICO like FO2 with a 20% uplift.

I know them no ask me, just dey demo logic plus some lesssons learnt on nairaland.

Although I am not a bomber myself

Thanks a million times my dear sister for you candid advice. I bi won CICO but i never make my 25% but with this your good talk now I better start thinking of SERIOUS CICO. Once again, thanks.

Peace.

FatherOF2:
How much you take buy?.

It was a bit high - #17.23k.

@FATHER OF TWO,

My legs and my head dey inside Eterna oil too o . Do you think their 1Q result (March) will have any significant effect on the stock?.

Peace.

@ALL,

DAAR COMMUNICATIONS (AIT) TO GO PUBLIC SOON

Daar Communications Plc is set to be the first broadcast company to be listed on the Nigerian Stock Exchange following its application to offer shares to the investing public.

News of the owners of Ray Power FM and African Independent Television (AIT) going public broke last year. However, THISDAY can exclusively report that the company has formerly applied to offer its shares for public subscription.

THISDAY checks revealed that Daar Communications Plc has applied to the NSE to make an Initial Public Offering of 1,829,478,000 ordinary shares of 50 kobo each at N5 per share for public subscription. Also, another 9,60,000,000 shares will be issued to the investing public by a way of offer for sale.

In offer for sale, the shares are already being held by some investors but are  being sold to new investors. The proceeds will not be used for the operations of the company but will go the owners of the shares.

At the N5 offer price, Daar Commuincations will be realising about N13.947 billion from the offers. While N9.147 billion will come from the IPO and will be used to improve its operations, N4.8 billion will come from the offer for sale.

Although other details of the application such as the specific purpose for the funds and when the offers will open are still sketchy, reliable capital market sources said that the Quotation Committee of the NSE is being awaited to approve the application.

“I can confirm to you that Daar Communications Plc has submitted its application to the NSE to raise funds from the market. The  details will be made known after the NSE Quotation Committee  has given its approval,” a source close to NSE said.

After the offer, the shares of the company will then be listed on the NSE. Last year the market witnessed 12 listings. They include Dangote Sugar Refinery Plc, Continental Reinsurance Plc, Custodian & Allied Insurance Plc, Staco Insurance Plc, International Energy Insurance Plc and Oasis Insurance Plc.

Others are Airline Services & Logistics Plc, Ikeja Hotel Plc, Red Star Express Plc, Big Treat Plc, National Sport Lottery Plc and Deap Capital Management and Trust Plc.

The Director-General of the NSE, Prof. Ndi Okereke-Onyiuke had last week said that the market would witness improved  activities including new listings this year.

It was gathered that very soon  another insurance company, Regency Insurance Plc will be listed on the NSE by introduction at N1.75 per share. A total of  4,850,000,000 shares of  Regency Insurance will be listed.

FROM  THISDAY .

@ bigjay01,

If you have your bank account with UBA PLC, get in touch with your relationship manager and explain to him/her that you want to pay all the cheques into your account. I believe it's possible to pay all into your account.

Peace.

@Blueband,

As regards writing a book, its a welcome idea . I suggested it on this thread in August,2007 but nobody responded.

I hope they will respond positively this time around.

Peace.

@NBA,

Please , could you shed more light on Vetiva Nominee's account. I opened an account with them last week and they sent an e-mail to me telling me about their Nominee Account. How much does Nominee account cost?.

Peace.

@Father of 2 ( The oracle of nairaland ),

What is your take on Vitaform?.

Peace.