₦airaland Forum

RoughCut:
For the fellow who asked the question

If you get  SKYE BANK you will be smiling but i doubt if you go get am o. For a very long time its been on net bid even though its still on TS and i think someone said that the brokers are actually crossing @ around N20 or so don't know about that sha_{not that i'm complaining}

G Cappa if you can get it but i think  there are liquidity issues here. For the past 2 months its been trading in singe digits the highest number of trades has been 5 and the volumes involved less than 10K except yesterday when it did 61K and its only dropped the price once in the last 2 months looks like the sellers/buyers are trying very hard to push up the price steadily.Bottom-line i wouldnt hold out my candles for this one!


Thomas Wyatt   Hmnnnn don't know anything about that one

Illiquidity is one of the things responsible for the upward movement of those penny stocks. Check out Transexpress, Wire and Cable, Chellarams etc. Look at even Cappa and Dalberto and Julius Berger. Illiquid but SOUND stocks are not bad. It is illiquid stocks with no fundamentals that are terrible.

Thomas Wyatt is set fro a turn around. Core investor came in last year. Rights issue done in December. So they are set for good things.

If I wnat to worsen matter, you may check WTN!!!!

orisebawo:
Wanajo,

Good morning, please what do you think of okomuoil and UTC, i bought Oceanic last year (PO), is there any reason to keep it for a while or should i sell and put the money into other CICO stocks.

Thanks

Okomu, you need to be a weather forecaster to deal with that one.

Not excited about UTC. Not a stock that I would love to keep in my portfolio.

Don't expect movement in Oceanic till April/May. However, if you have a 12 months horizon, UBA and Oceanic are good candidates. You may however wait till May before picking them up.

NB: I am not a CICO person so may be biased in my suggestion/comment.

crazyT:
@fo2, wanaj0, pumping777, Yodi, Aktopgun, Windy Wendy et al


Good morning to you all, please can I have your saying in this my decision?
I just withdraw my purchasing order for BIG TREAT this morning and I want to put the money back into any of these companies;                
                NIWICABLE, NASCON, BERGER PAINT and or increase my stake at UNIC INS.


So which of this stock should I unleash my dragon on   Caveat Emptor seriously observed  

Not a crime to keep your money!!!! Not compulsory that you must buy.

Right now, will not go near any of those stocks.

If you however get an Agbero broker, realm one for that matter, take a look at

G Cappa
Thomas Wyatt
Skye Bank

If you get them TODAY or TOMORROW, you will be smilling soon.

nkc:
@wanajo,
so what say yeah on daar, u say no right.

We are different people with different objective and investment profile.

For me DAAR does not fit into my investment plan. That does not mean that it is not good for you. It also does not mean that you will not make money from it. However, for someone like me, buying DAAR will take more than a miracle.

cheexy:
@all the gurus
I got the Daar communications public offer form and their dividend forecast are as follows:
2008-31 kobo
2009-38 kobo
2010-50kobo

From that, i think it might be good considering that dangote paid 35kobo on an 18 naira stock

Plus i saw two different offers for Daar communications and Daar invetsments and holding

What does that mean?

Not interested in the DAAR offer.

Now you have the IPO and the offer for sale. From the IPO the company is raising money for expansion/pay off debts. From the offer for sale, Dokpesi is making money for himself!!! Just like Dangote sold some of his shares in the Sugar refinery and the flour company.

LondonCool:
@Wanaj0,

Thats a big over-statement ! BTW, would you regard your Broker as an Agbero or Ajebo one from your experience with them ? When is the next FBN ex-div date ?

Na Ajebota dem be OOOOOO.

FBN full year result is not yet out so you can't be talking of Ex div date.

LondonCool:
@greentree,

I rotate my greetings back to you. Thanks for the encomiums ! Are you still in UK and when is the next meeting at Hilton Paddington ? Have you met Jide the producer of "In Diaspora" on BEN TV ? He is another "smart alec" in UK.

Thank God that na the BIG man me dey run errand for.

invisible!:
I now have made a stand, I will buy more insurance stocks at any price below N3!

This is what I will like to call my 'margin of error' price.

Why Thought insurance na 10.00 stocks!!!!

FatherOF2:
OKOMU, But 3 forthnights waiting.


@ Ioma

Trully you have graphic talent.


I'm actually enjoying observing more now. The new commers are pulling their weight.

Lai Lai!!!! Request for observer status not granted

You must be a weather forecaster? Would prefer Presco to Okomu though.

Did you exit WAPCo or are you holding on? Rumours of a PO in the offing. So they may jerk up the price for that.

cj2008:
lasaco has about 7 bill units,kant trace were u gt your info from.Meanwhile if i were u,i`ll stay put,Lasaco is is the most profitable insurance company in Nigeria.Ask someone

And how did you arrive at this

jideakin1:
AHHHH!!!!! @ all, Pumping, AKTopgun, everybody please help me oh!
When did outstanding shares for LASACO become 14,178,211,979? oh my God I already bought a trailer load of that stock. all these hiding of fact and information even by NSE is the reason why fundametal can't work with NSE.
Chei! Nigeria with all it's ill in everything.

Please what do you guys advice? sell off very quickly and count my loss? or just abandon the money there? but for how long? please just help with any advice. I bought last week at 5.30, with the above outstanding share I don't see it getting back to 5.30 anytime soon not to talk of profit.

Don't know the figures of LASSACO. But it is already stated many times that figures as pere insurance companies are shrouded in secrecy!!!!! When the figures comes out, the prices will adjust accordingly. Do your due dilligence before placing an order. If you are doing a CICO, be assured that you can handle the associated eventualities.

invisible!:
@NBA, your mention of drive through ATM, I heard a friend say its already in Nigeria, but I don't know where. We are coming up, so would you choose NSL over NCR?

GTB has the drive through ATM

What is the relationship between NSL (Sports Lottery) and NCR?? NSL is isntalling 'GAMBLING' machines and not ATM!!!!

cj2008:
is a bonus rumour true in betaglass?if anyone has an info,gladly let us know.

Rumours are only confirmed or disproved when the announcements are made!!! Remember the story of WAPCo?

pumping777:
The speculation is that Mbenefit was hit with a huge claim in that quarter which is why I said if this trend is halted, the full year results may exceed expectation.

It is because of this that insurance companies have one of the lowest dividend payouts because they need to have huge reserves to handle claims.

Learnt GTA was dumping the insurance stocks and that was responsible for the RED this past few days!!! Apparently, the insurance were fidling with the prices.

invisible!:
@pumping, this 'big claim' fear is even more reason why I want to reduce my presence in the insurance sector.

Anyways, I will offer to insure the insurance companies against any sudden 'big claims'.

Crusader faced the same thing. It is part of the insurance business so nothing unusual

I hail una OOOO.

With the bears showing face, the men will be separated from the boys.

For those asking after Presco, the fundamentals is good. However, you need to be a weather forecaster to roll with that one. That said, I expect the 2007 full year result to be better than the 2006 result. That is not saying much though.

On insurance, except you entered early, be warned. UNIC did a PO in 2006 @ 1.10 and was undersubscribed. What have they done now to justify a price of 5.50 (now UNIC is one of the best outh there). NEM did a righst @ 0.55 which was supposedly 100% subscribed (well so many mago mago with that). AFter thet it wnet into merger arrangement with Vigilante and Lombard. No news about the subscription level. Now how did the price went up to 5.00 What have they done. What they are using is the scarcity of the shares (very few shareholders) to pump up the price. same thing happening to the Vono's, Afroil, Capital Oil etc of this world.

Many people are becoming silent readers as there is no price to pay for only reading!!

RoughCut:
@All

Costain has now become serious blood money o  the thing dey fear me well well !

In between the time marshall wanaj0 mentioned John Holt last week i think and today the thing don do about 25% Hmnn this will be the fastest RO-RO for me i'm jumping ship by Friday
I no sabi wetin dey push am o!

You are on your own OOOO

See as universal don start to shed weight because I wanted to start selling?

Na wa OOO

pumping777:
Na that one wey you wan sell wey Ololufemi dey talk make I sell. Me no come get na

Universal Insurance? Abeg no make me laugh. A company that listed 16bn shares. Okay OOO

Well, Consolidate Hallmark listed only 6bn shares. If they jerk the price up to 6.00, they can do a PO at 5.00 and offer 2bn units which will not be bad so will hold on more to that.

Waiting on IAA to know what to do with those ones. With the 4 to 1 split before listing, only God knows how many billion shares that will be listed!!!!

pumping777:
Thanks!! I was hoping I will find this stock in my portfolio make I go sell quick quick!!!

I think it was Wanaj0 who asked this question.

Pumping, which stock you dey look for in your portfolio

Abeg post the link for Napoleaon's file. People don dey wait for you tire OOO

ololufemi:
@ Pumping,

Sell of at N4 plus, take your profit and calmly sit in either Zenith or Oceanic or if you want agbero stlye, you can hop in on int energy till about third/ fourth week in march. Chart suggest its at its low and I see it hitting N11.

You don make am oh.


Chei, see me advicing Pumping oh.

Hope you still dey see my PHB. Still locked in some units there.

You don't wnat to advice me?

Mr. Risky:
WanaJo / Pumping777,

Historically, which companies are releasing their results in this mighty Month of March? I thought you could share with the house. Just begging. Thanks for your generosity so far. Regards

BCC, DSR, CAPL, OandO, NBC, AG Leventis, ETI, RT Briscoe, Ashaka, Okomu, May & Baker, Mobil, Beta Glass, Berger Paints are some of the compnies whose result should be out in March/April

Gurus, I need your help!!!!

I mistakenly became the owner of some Universal Insurance shares. The money used was borrowed money at 18% interest rate. I entered @ N0.95. As at yesterday the price was N3.93. Loan payback (principal + interest) is not due until August. My question is at what price should I sell I am thinking of selling at 4.00!!! Universal is not my type of company!!!! Want to sell before other folks start to sell. Remember they listed 16bn shares

Napolean:
@Wanaj0

Shell put money for IAA

Shell as a company did not put a single dime in IAA. Trust me on that.

However some people in Shell via a venture capital arrangement put money in Universal, IAA and Consolidated Hallmark. And believe me, they are in for the short term. So expect serious offloading!!!!!!! Close to N3bn was staked in Universal and IAA

blueband:
Easimoni,
I saw the guy today at work.He came and we got talking.I will be paying him back his money and I have asked for a receipt.
Bros,we learn daily in life.Everyday!

Blueband not trying to sound harsh, when it comes to money, let each man be responsible for his actions and decisions. That's one of the reasons why investment clubs fail!!!

Were you to earn commission from the investment? Was there a written agreement.

Anyway. you've learnt from this and I hope others also learn from it.

One more lesson, is that the shorter the time frame for investing, the easier it is to make a loss!!!

Napolean:
Bode really is what I will call an ultimate investor where Nigeria is concerned and even beyond.

GTI capital is one of his finance companies. He is also heavily into venture capitalism and likes to take equitable positions in companies he finances too.

Nigerian ropes is to serve his companies and in the past some of the AGM's have taken place in his Parkview home.

Wanaj0 I would be grateful if you could offer opinion on the rubbsih pp's floating around for the benefit of those who are either new to investing or new to pp's. I do not think people grasp it is a mine field but rather see it as a money trippler. I am tired o.

Seems IAA will be listed around the 15th. I hope. I will let it go by the time I see 50%. I think it will do a recontruction later. I went in, in December and this morning I got a call saying it is still on for N3.60 for a N2 share. Shocking! Shell bought up quite a substantial size of the offer and I do not see them bailing out early so I presume the stock will maintain its value.

None of those PP's is interesting to me!!!! But to everyone his own.

Shell did not buy into IAA. The story is plenty. Over N3bn was staked in that venture but not by SHELL. N3.60 is a bit high. Got mine at N2.60 less than three weeks ago. Expect a 4 for 1 split!!!!

yodiyokun:
Dorman Long -

No be that company whey dey under bridge for Jibowu side.

Since I was a little girl - that compnay dey always fascinate me - I always wonder what they do there. Everytime I drive round that place I wonder where on earth is their entrance, but you can see them from the bridge.

I think say na dead company ooooo

Maybe dead before but now much alive!!!

They are the beautiful bride of the oil industry now. Quite professional also. They are into engineering, fabrication and maitenance services. With all the oil field development, expect them to be in a possition to benefit tremendously.

Napolean:
@ Wanajo
What you said about Dorman is spot on. They know their onions, are expanding wisely and are well capitalised.

Who mentioned nigerian ropes?

Funnily enough it is a good support company. It shouldn't have been listed really because the owners do not part with their shares. Ropes is owned by the amiable Sen Bode Olajumoke who also has a great stake in Grimaldi which dominates the shipping waters, also had a port concessioned to him by Shege, owns ro-ro oceanic and other similar companies. The man is a mega player in the Nigerian shipping industry and ropes is one of his support companies.

I throw way salute OO!!!

Dorman Long still have a LONG way to go but they are well positioned to reap from the local content policy especially in the oil industry. They and Nigerdock are two companies well favoured to benefit. Do you have any news about the Nigerdock offer for sale?

Bode Olajumoke na mega investor. Can't count the number of 'small' companies that the man used as investment vehicles. let me just say the man is loaded! There are rumours however that he is fronting for some military bigwigs. I think he was a one time permanent secretary in the defence ministry.

Nigerian Ropes na good company!!! never knew how much market they have. Not sure of their profitability though.

Why people dey panic The BEARS are not yet around!!!!!!! At least OandO is still doing the daily 5%

A sound stock even if it takes a beating will still recover. Check WAPCo.

Well, 2007 experience is being played out again. By end Q2/Q3 things will change. For those that can wait for 18months. Check the banks. That's where the harvest will be.

On the Dec end date for the banks, it will separate the wheat from the chaff. Banks that usually get placement to bost balance sheet at end year cannot do so again! All will have the same end year!!!!

rasputinn:
@Yodi

On a more serious note,I don't see anything wrong with the "beating" of insurance stocks as you put it.The price plunges are just due to people selling in anticipationnof TS as most insurance firms are figuring to come to the market to raise fresh funds,so it's only CICO investors that may worry as me I will sell @ nothing less than 15 naira.At least I applied the same principle to Tripple G(which I bought @ 5.65,watched it plunge and stay down for sometime and is now aiming for the stars)which closed @ 18.89 today

How many people can watch their stocks plunged? When people talk about collecting loan for two months, using school fees to do CICO you know that something is just not right!!!

People tend to forget that prices tend to go up nad down in the short term. With the best of analysis no one can TIME the market. Hence people should factor that into their calculations and tailor it to meet their risk profile.

As per Japual, I don't own any. Not really fascinated with the business they are in. Yes marine services is lucrative but not under the current crisis in the Ndelta. Pyrates have taken over the bonny river. Activity level is low. So when you remove the hype, where will the money come from.

Ja Paul is a good company but not well favoured. If you are looking for a well positioned company to buy, look for Dorman Long. It is an engineering company. Not yet listed but they are set for great things especially with the local content policy.

easimoni:
SEC has released Japual's PO/rights allotment including supplemental. Read below

http://www.sec.gov.ng/allotmentposition.htm

Even if Japaul beats the FY 2007 PAT forecast by 50%, you are looking at a stock with a 2007 FY PE of 70! I warned about it a few weeks ago and someone dey take style yab me when the thing appreciate.

My advice? Take your lesson the hard way; never CICO an overpriced stock! Get out because I don't see Japaul being worth more than N8 _{(but then what do I know )}

yodiyokun:
I just dey pity people here that read and just take everything verbatim without weighing it adequately.

Japual never loose too much blood na?? na rumour and market sentiments dey fuel the price increase.

I hope it wasnt N14 you bought it sha

Una wicked OOO

Well, my question is why did you buy? What was your expectation? What has changed about the company?

If nothing has chnaged continue to HOLD on. However, if the underlying assumptions has changed and I AM IN YOUR POSITION, I will sell, cut my losses and move on!

eniyanman:
Chei!! that might be true o, What do you think about the public's appetite for banks' IPO?

The everyday investor is not the problem. Imagine manufacturing companies buying PO's of banks? That's what is causing the oversubcription and the return money.

As per ETI, the offer will likely be in at least three countrie. The regulatory requirement is a distraction.

RoughCut:
The enitire Ibru family are the majority shareholders in Ikeja Hotels and they also own Sheraton Hotels and Towers in Ikeja strategically located  not far from the Airport.

Ikeja Hotels is the holding company that they use for their investment. They use that to buy into other hotel companies. The IBRU'S own Federal Palace Hotel. They won Sheraton Ikeja. They've bought into Sheraton Abuja also.

eniyanman:
agreed ETI is good company. it's been on my radar for a while. i've been waiting (seems forever) to hit N200, but e no gree. i suspect the recent rise in its share price is due to short-termers speculating on a good end-of-year result (which no doubt should be good). i plan to enter after they have sold. i concede that i might have to wait forever to hit N200 .

The rumoured IPO really affected the price. A lot of uncertainty. Listing on three exchanges is also not helping. Not all of them can go the NAIJA way.

RoughCut:
I may be wrong but from what i have been able to cobble together the Tourist Company of Nigeria TCN used to own Federal Palace Hotels in VI until 1992 when TCN was sold to Ikeja Hotels Plc and now Federal Palace Hotels is one of the jewels in Ikeja Hotels crown. Ikeja hotels now owns 31% of TCN which i assume is the same company you are referring to.

Infact part of the proceeds from Ikeja Hotels PLc PO in '06 will be used to pay for their  51% stake in Abuja Sheraton Hotels + Towers.

I can't understand why Abuja Sheraton is profitable while NICON-NOGA also in Abuja is a loss-making albatross for Transcorp

You are on the right track. So which of the hotels in the stable of Ikeja Hotels is profitable? There is something that is just not clear in the TCN and Ikeja Hotels relationship. Ikeja Hotels and TCN are both owned by the Ibrus.