₦airaland Forum

I dey shout CAVEAT EMPTOR no one dey listen. Make nobody come ask me question OOOOOOOOOOOO

Me no get any link OOOO. All of una wey dey collect link for Nairaland na OYO you dey OO

@ ALL the contact person cane be found at

ariyowealth@yahoo.com

Say that you want to do portfolio management.

CAVEAT EMPTOR!!!

[quote author=ty_ademolu link=topic=31554.msg2056107#msg2056107 date=1205501145]@ Wanaj0.

Do you know if I can still get on the IAA private placement? maybe I could put in some money?[/quote]I really don't know again.

IAA did placement @ 2.10 or so for N2.00. which comes to like N0.525 per 50k share. That is already fully allotted. I however learnt that one of the parties to the offer is pushing for supplementary allottment (collected money from people so need to get stocks for them) but IAA is not playing ball because of the potential delay in listing/planned PO.

Now the company I talked about is 'buying' IAA for its client @ N1.20 for 50k for share!!! That is the one that I think is available.

CAVEAT EMPTOR

RoughCut:
You  fit dump some of that extra luggage in my cargo hold

I think my portfolio is lean and mean both long-term and CICO combined

When you get over 40 stocks on your list excluding the various PP's yet to list then you know that you have to start to worry!!!!!

RoughCut:
You fit tell us how we go get contact with this company and are they looking for more clients? At least  i fit send my business partner make him go meet with them

Thanks

I am afraid of dropping the name of the company here before arrows will start to fly left right and centre!!!!

@ All,

Na wa for Naija OOOO.

Just finished a meeting with a rep of a company (portfolio and fund managers).  I ask them what they do and was told they BUY opportunities. Being hearing abou such but to do I confirmed it.

While everyone was buying Dangote Flour PO, those guys paid 20.00 for the offer and were allotted in FULL. Don't ask me how!!!!!!! That's the opportunity they buy!!!! They charge you 2% of the returns on your portfolio.

Saw the Universal Insurance that they bought at 1.85!!! So basically they buy 'juicy' offers at a premium and are able to maximise opportunities. This is a serious imperfection in the market!!!!!!!

Well, will go and register with them (or get someone to register) so that I can see the opportunities since it will be listed on my statement and I can now BUY those opportunities myself.

Maybe all these HYIP schemes were into this kind of things also.

If you can get IAA, abeg go get am OOOO. Once it is listed, na Maiduguri that one dey go even though the fundamentals na nothing!!!

aktopgun:
i do as well, which is why i have hedged my exposure to them by having only core holdings in 2 - crusader and Mbenefit.

i tkae wanajo and roughcut's points on fidelity and union but if u are in them for the long term they can at least do u no harm. i can't comment on breweries because i don't invest in them for personal reasons.
Ecobank and sterling merger is on rocky footing and u mat consider having both as too sweet a cake. if u pushed me on it i would say sell the sterling and leave the ecobank.

Nestle, hmmmm, at what price. look at this chart to help decide

The harm is that OVER diversification reduces your profit!!!! Nothing Union Bank will give that First Bank will not better. With UBA, Zenith, First Bank and GTB you are well covered as far as the banking sector is concerned.

As per teh Barclays Bank ruour, Soludo has made it clear no foreign bank can take over any of the BIg banks (almost all are BIG banks now). So UBN should look for Access to take them over. No way Soludo will allow any Foreign investor to collect 30% of Union Bank!!!! Impossible!!!!!!

[quote author=Mr. Risky link=topic=31554.msg2055441#msg2055441 date=1205488932]Hello All,

Can someone speak on R T Briscoe. Oga Wanajo, how do you see the business model of RT Briscoe? This company looks sound the way I see it, what do you think?[/quote]good business model. Good earnings growth so a company to watch!!! Don't have any because my list is becoming rather too large for my likening!

ops:
@ll,sorry for the diversion but anyone interested in foodconcepts pp can send me an email on opekoya(at )yahoo.co.uk.Have a million naira worth (250,000 units) at 4.60k i was supposed to buy but my check wont clear till monday and it closes today.
This isnt 419,it was supposed to be it but for the problem with my check.you deal direct with the bank(bank draft only) and once again,IT CLOSES TODAY.

I believe that you are not 419 but the person selling to you is  a crook. Official price is 3.90. 70k premium goes to who? The major risk there is that there is no underwriting firm which implies that your money (3.90) can still be refunded due to oversubscription and you will not be able to get the 0.70/share back. Someone offered same to me at 4.40 but I opted out because it is not guaranteed. it is First Capital that is doing this nonsense.

Check teh prospectus, allotment will be done by the directors of Food concepts and not the issuing houses!!! So except you are submiting through the directors of Food Concept, beware!!!

aftadocean:
Hello ALL,

I must say i am very happy and privileged to read the daily analysis of the NSE here everyday. I am somewhat a silent reader, 'because our people say a fool is considered wise if he keeps his mouth shut. What I'm just trying to say is that he be like say i be moo moo(and to imagine that I thot i was hot!) as far as this stock thing is concerned and I have honestly learnt a lot more than i could imagine just by reading everything here on a daily basis.

There are too many names to send appreciation to - Aktopgun, thanks for those charts, it looks like they really work for the NSE, you are just wonderful, Blueband, windy wendy, Mr. Risky, Invisible, Easimoni, Yodiyokun, Ioma, Pumping777, the list is inexhuastible.

I need your advice sha!, please help a sister here. I am a long term investor and so when I buy a stock its for keeps. I tried this CICO thing last year, but got my fingers burnt largely due to the stock broker I used then, but honestly I don't think i have the liver for such now.I kind of stopped investing in stocks towards the end of last year for the reason that i felt i needed to reorganise my portfolio, because 85% of my stake in the NSE is in the Banking sector, and the thot of that kind of scares me. So please look at the stocks i am holding unto for now especially the Banking sector and advice me on which i can do away with and reinvest in to another sector of the stock market( I actually do not want to invest any new funds for now, which is why I want to reallign my portfolio).

BANKS
Union Bank average entry 20.44
GT bank entry at 2004 PO price
Sterling Bank entry at 2005 PO price( then magnum bank)
Ecobank entry at 2005 PO price
FBN average entry 36.00
Fidelity entry at 2.30
wema bank entry at 2.40
Intercontinental entry at 2006 PO price
UBA entry at 2007 PO price
Oceanic entry at 2007 PO price
Access entry at 2007 PO price
Zenith Average entry of 13.90 - Have actually placed a sale order on this.

OTHERS
Nigerian Breweries entry 36.91
Unilever entry 13.50
Dangote sugar 2006/07 PO price
May and Baker 2006 PO price
Dangote Flour 2007 PO price
Conoil entry price 72.00

Friends, Which should I sell in the banking sector(i.e. that you do not advice to keep for a long term) and which other stocks in other sectors would be good for the longhaul?

Thanks for your advice.

I will clear out of Union Bank, Wema, Fidelity and Ecobank. There is nothing they will deliver that the other banks will not give. Sterling will just be for speculative purposes.

FatherOF2:
But some of all these Nigerian companies dey lie oh. How person go make N13m from N1.7billion.

 If i sell N1.7b worth of groundnut for Lagos Island, my profit go pass that one 10times.

Just shows you how unprofitable the company is. But with the stocks being scarce, expect the price to start to trend up as the people start to jerk the price up.

debenzd:
@FATHEROF2,

NA MY EYE DEY SEE DOUBLE? 1ST BANK EMD OF YR IS THIS MONTH AND D RSI IS 13.94. MEANING IT IS OVERSOLD.

DAT MEAN AT DIS PRICE NA HELELE WHEN DEM RELEASE RESULTS O!

WHAT DO You THINK?

Results na June/July be that OOO

[quote author=Mr. Risky link=topic=31554.msg2052894#msg2052894 date=1205422769]Oga Wanajo,

Its just that I am moving it away from my "aboki" 'stockbreaker'. Once the price lower a little I will be buying more with my new correct "agbero" broker [/quote]Just open another account with the second broker. Chikena!!!

Benny1877:
Please, Can someone advice me on this Oando? I have noticed its been going down. Should i sell it?

What price did you BUY? You suppose don offload since if you are for the short term!!! Otherwise, stay put, things go better.

[quote author=Mr. Risky link=topic=31554.msg2052829#msg2052829 date=1205421875]AKT, abeg at your spare time, please shine correct CANDLE on this DANGOTE Glucose SUGAR, and let me know whether to bail out now. The pikin when I born when I buy am don start school [/quote]Dangote Sugar na LT. Even if it reaches 60.00 (very soon) na to HOLD. na my window shopping no allow me buy more at 42.00

I am in May and Baker for the long haul. Bought @ 4.00 in 2006

They missed the profit forecast for 2006 and will likley miss also for 2007. However with the vaccine plant up, they should be able to deliver strong performance. They've diversified into the food business. They are now into production of noddles and table water. If they can deliver on the vaccine plant, they should turn out good. So for a 12months to 18months duration, I will go with them.

shigidi:
@ wanajo, do you see may and baker as a potential 35 naira stock by its year end? i know they are good but how much growth can they acheive this year.

I don't have a crystal ball so cannot say whether it will reach 35.00. I however believe that tehre is good upside once the interim 2008 results start to hit the news stand.

stocknrock:
Oga wanaj0. abeg wetin u think?

I'm thinking of selling my UAC-Prop after 5% gain after commision to enter UnionDicon for a quick CICO and maybaker for the long haul. what do you think?

Union Dicon is good for CICO but whack as far as fundamental is concerned. When last did they release result? The last result was even qualified by the auditor. Since then the directors were practically on each others neck.

UAC properties is not that fantastic. But a 10% gain doing CICO may not be bad!

On May and Baker, if you are in for the long run, stick with it!!!!

FG sold the vaccine company at yaba to them. So they have the market for 40% of all Vaccines in Nigeria.

Yes the PE is high for end year 2007. Basically because they allotted more shares than they planed for during the last PO, money from the PO was not received on time which led to project slippage.

I expect that teh result for 2008 will be better. I also know that they are better positioned than most of the other companies in that sector. So in terms of fundamentals, May and Baker is solid!!

Got offered Food Concept @ 4.40 today!!!!

RoughCut:
Marshall he be like say this Thomas Wyatt no get volume o! I dey fear say this na another TransExpress and Redstar all rolled into one. Make he no be like say man dey hold on to straws.

I sold John Holt and the yeye  thing still dey rise. Na wa o!

Just came off technical suspension so no volumes. Some agbero brokers warehoused the rights so dem fit sell. Such stocks will not make you a billionaire. But for those with small portfolio value, they can double their holdings within a short time.

Sure you made money on your John Holt. Though I suggested it, I did not BUY because it does not fit into my investment plan.

rasputinn:
@ Wanaj0,

I beg to disagree with you that the upside is limited(the exact same thing a broker told me @ the onset of 2007,he was proved wrong eventually
The NSE is a such a unique place;universal parameters and fundamentals that work in other climes don't always work here.Here more often than not,fundamentals go out the window.Whether a company declares a slim dividend(like oasis' 2k i not the issue. In months to come we will notice very unusual price appreciation in most of the stocks,BUT BY THEN WE WILL ALL BE TOO BUSY ENJOYING THE LOOT THAT NO ONE WOULD COMPLAIN)

That reminds me;how many stocks on the NSE are trading @ up to $1?

You don't need to beg to disagree with me.

If you've being in the market long enough, you will know the things that move the market. Most of the movements that you see are 'artificial'. Who are those buying and selling Dangote flour and jerking the price up by 5% veryday until recently? How did you think AP moved up to 300.00? Are you aware that WEMA bank was using its brokerage firms to buy its shares last year so as to jerk it up to 15.00 The figures will not tell you that but there are facts behind the figures.

You see, I bought NGC at 4.00, bought more at 12.65, now it is at 29.00. So some people expect it to move up to 60.00 Maybe!!!! The shareholding structure means that it is difficult for them to jerk it up. Shonekan will not sell. NSITF will not sell even if they though na block transaction.

BETA Glass, I bought a long tiem ago when it use to be 5.00. Suggested it again last year when it was between 12.00 - 14.00. So what will make it to reach 50.00? Do you know that their current level of profit is lower than the 2002 profit

A fool and his money is soon parted. That's what is happening on NSE. Gullible people are buying. When those jerking up teh price decides to cash out, most people will soon discover that they are buying dead companies!!!

Same with the NOSPETCo etc while people's testimony of making money was use as a confirmation of teh soundness of the business.

FatherOF2:
That na true, my money no dey enter company when no get YANSH .

Na only person when no hiar word no go heed greediness warning.

Na operation FIRE for FIRE when this falls don dey round up.


[/quote

FoF2, but you no put caveat emptress all this while. folks no know say na to gather money to laubch attack one suppose dey do now. Most will be selling so both capital and spreadsheet money go disappear. So abeg, organise more sermon for your disciples before Aktopgun and co go et many visitors.

That said, buying opportunities just dey show up. If Diamond just go down small I know say na with full force you go use attack am.

As per your Okomu, softly softly I beg OOOO. Those stocks need a weather forecaster to use them do CICO.


[quote author=eniyanman link=topic=31554.msg2049503#msg2049503 date=1205337107]e be like say patron-saint Fo2 don convert. Caveat emptor

Lai lai. Problem be sey him disciples no get the full gist. Him dey use coded language and dem no fit decipher am. With all the CICO wey him dey do, there are boundaries. Added to that is the fact that his portfolio is structured in a defensive manner. Additionally, him fit keep money under pillow unlike peeps who must always buy once dem go market. Don't know why people can't just window shop!!!!

K2:
Could you please explain the PAR Value term, especially using IAA as an example. Thanks.

Most stocks on the NSE if not all are N0.50 share. That's why you hear of 50k ordinary shares selling @ XX Naira!!!

For IAA, the PP was for N2.00 ordinary share (that's the par value). So to get listed, they will do a 4 for 1 stock split to convert to N0.50 (50k) shares!!![/quote]

@ all

For NGC bonus is overdue but can not say if that will be declared. Current price already factor that in. The illiquid nature of the shares is helping the movement of the price. Good company though. Lost grounds in the traditional area but picking up gradually.

Beta Glass, don't know where the news about bonus is coming from. company that is just recovering. turnover is dwindling for a lot of reasons. Can't see the topline growth here.


NASCON, all hype. Nothing to show that they will deliver on promise. Where is the promised dividend on BCC? Not sure why people are believing this company. Thread with serious caution!!!

[quote author=Mr. Risky link=topic=31554.msg2048926#msg2048926 date=1205330986]Bear, Fear, Rear, Tear, Dear, Gear, Near (All of them have EAR). So draw your ears, in other words be CAUTIOUS. Fear the Bear as it is Near Tearing its way from the Rear[/quote]Rule number one, don't panic.

Now for those holding stocks that they know nothing about, beware!!!!

For stocks still gaining, it is because they are not liquid hence not reacting to the laws of demand and supply. It is basically the major holders pumping the share price up!!

Make una cool temper. Na part of life. Prices must always come down!!!!

For those that are using school fees to do CICO, wetin una go do now. If you sell, money no go reach to pay school fees. If you no sell, no money to pay so wetin man pickin go do?

eniyanman:
as the market don rise too much, e must fall very much too. as bear/fear enter, people rush out evening closing their positions on fundamental stocks to cover losses elsewhere.

@wanaj0, wendy, pumping, samstone, topgun et al,
regarding all these share-loans,
1. how do the banks protect themselves if the portfolio value of the client falls below the minimum allowed?
2. is there is any other collateral?
3. how much do the banks depend on these sorts of loans. typically what % of their annual profit is this?
4. which banks have the most exposure to this market, i dey fear another sub-prime o

Two ways. Firstly you have some stocks as collateral. Also, the new stocks that you bought are 'domiciled' with them.

It is still a small part of their profit. Not much problem for the banks.

However if what you have is a margin facility, once the value of your collateral falls below a certain threshold, expect a margin call which is more like selling your shares or you bringin in money

loma:
E be like say NigerianSecurities don choose red as their standard font. See my portfolio as blood cover am!

Meanwhile I hope all this ABC gist go dey correct o. Na high price my broker go get am today. Chei!

Well, na blood of Jesus dem dey use cover your portfolio. So start prayer and fasting now!!!!!

yodiyokun:
The bulls will soon return - hopefully in April.

Also this is why its always good to buy in a safe price zone - even if bears come , your capital will be intact.

Wetin go bring the hope? N50.00 stock paying 1.00 div or the 2k dividend declared by the likes of Oasis Insurance. truth is the upside this year is limited!!! The market is over valued.

One major indication is the amount of PO's, IPO's PP's in the market!!!! That's a big sign that the market is over valued.

rasputinn:
Cheer up,all those seeing the thinning downspreadsheet profit.There's a time for everything.
A time for bullish runs
A time for bearish runs
This(the bearish run) shall pass.
This will open more eyes to risk hedging
Come to think of it,it's really not that bad(except you're  chronically CICOish)
That said,overall the bulls will return in not too long a time
So happy hunting y'all(tread cautiously)

How long is long

Enjoy the bears at work as we all pass through a reality check

FatherOF2:
[size=14pt]WOOOOOOOW, Hmmmmmmm[/size], This BEAR never open e mouth for months.

 See as e MOUTH dey smell for market.

Make una dey HOLD una money oh. This na why man never do buy buy since.

Fof2 but you know say this na usual occurence so nothing BIG here. Fundamentally sound stocks go weather the storm and more buying opportunities

Those that bought out of panic will SELL out of panic also. No two way about that.

Why you no warn the disciples not to BUY BUY. This time is a HOLD!!!!! put your moeny under pillow.

If you get OandO, SELL quick!!!

igbanbajo:
Sam needs to prove beyond a reasonable doubt this is not 419.
He could not convince my broker that his deal is genuine.

[size=16pt]While we wait for him to convince us, INTENDING BUYERS SHOULD BEWARE![/size][color=#990000][/color]

It is very probable but make sure you hedge your risk. Let there be an audit trail, contract papers etc of the trasanction

blueband:
IEI has finally come below my buy price.
Dunlop is looking sweet to enter very soon.
ABCTRANS,the bus is slowing down.

The bears are sill around o.This has been a bad week.My spreadsheet profit don disappear!Are we seeing the end of CICO?

Not at all. ACtually this is what makes CICO attractive. Buying opportunities being presented.

However, it is clear now, that money can be lost from the market. That prices don't always go up. That there is the need to understand the market risks and other associated risk and have a plan to hedge against it. Aso provided an oportunity for people to understand structuring your portfolio to minimise impact of such bear runs. also for people to know that spreadsheet profit can disaapear. You can also see that fundamentally strong stocks are least affected!!

ogeche:
hello guys ,private placement for IAA at 4.50k at per value i.e 4.50k for 4 units. closing for tomorrow and

BGL securities for 8.00k per unit and APT securities at @ 7.00 per unit. both closing for friday.

An opportunity to make over 300% returns

for more info call Ogeche on 08035555377.

Is the N4.50 for the N2.00 share?? Will certificates be obtained or is it CSCS? Will it be the 50k share certificate or the N2.00 share certificate that will be issued? Which house is crossing this shares? Hope it is not a house noted fordoing deals that they don't keep up to.

[quote author=WASKY-WAJA link=topic=31554.msg2047982#msg2047982 date=1205316987]Wanaj0, How are you today?

What do you take on

BERGER PAINT
DUNLOP
OCEANIC
BETAGLASS


Am thinking of entering them. My target is mediun and short term.

God bless you Wanaj0.[/quote]Me no dey do Short term

Oceanic is good for the Medium Term. Same for Dunlop. Not so keen on Beta Glass at current price. Turnover is dropping. Berger paint, don't know what they are doing now to better performance.

oloyesam:
There is a private placement for graps! Its just for the informed.
Investment and Allied Assurance is up for graps for N4:50 @ par value! Closes tomorrow!
BGL Securities is up for graps closes on friday. Price 8:50/share unit.
APT Securities is up for graps as well closes on friday.N7:50/share unit.

If interested call Sam on 08056132380. Hurry while stock lasts!

What is the PAR value of the IAA that you are selling? What's the maximum number of units available?

oloyesam:
Good! If you are interested in private placement or anyone who is then this should interest you,
IAA going for N4:50 closes tomorrow.
BGL Securities going for N8:50 closes on friday
APT Securities going for N7:50 closes o friday.
Hurry while stock lasts!
Call Sam on 08056132380 for more info!

Interested in the IAA. Is it the N2.00 share that is on offer? Will the account be credited via CSCS or is it certificates that will be expected What is the maaximum quantity available

Highlander:
Let's not get overly pessimistic. Heavens are not about to fall. There will always be a reversal and it's not far away.

I am a realistic person which means things that go up will come down and will still go up. Unfortunately, many only knew the going UP bit so never saw the going down!!!!!

Corrections will present BUYING opportunities for the discerning investors.

greentree:
up transcorp. i bought at 7.50 and want to recoup my initial capital.

up transcorp

Transcorp looking good for CICO now!!! You can gyrate from 3.50 to 4.20 weekly


maddam Windywendy, nothing on Negris OOOO. Even the FD is getting worried that hope people no dey plan to hijack the company with the amount of enquiries. They are considering a PP but nothing firm yet!!

yodiyokun:
Wicked Man

Was just thinking about it today - bears have descended on Insurance sector for sure it is no win a downtrend except for the newly listed stock.

If you take a look at the charts, the lows are becoming lowers and highs are also lower so thats a general downtrend.

Afribank and Unitybank seem to be on a downtrend too . This isthe second time Afribank will be close to it PO price

The other sectors are managing somewhat, but one shouuld shine her eyes well.

But like I told someone today, this may just be the pullback season before another bull run

Wicked ke How

Bears are all over!!!!! Not only insurance stocks. Na general crisis.

Bull run Wetin go spark am? With the useless results to be churned out, don't see how the current ridiculous prices can be sustained.

Prince11:
The EAGLE (sorry BEAR) has landed.

Watch as spreadsheet money dey disappear

Watch as green dey turn to red!!!

What an interesting time we are in

Doctors in the house, business don come. More patient for you

Sir Wanajo , I know that you have been sounding the warning bells long enough, but abeg, make you advice anyone with Green turning to REd na!
Make AKT and Blueband them  no vex say business fit reduce !, Suspecting this will happen, I sat on some cash waiting for this time,

Patience go turn people to Patient. That's all that is needed.