₦airaland Forum

Prince11:
Suspension on AIICO, and its on his way to "space".

No one seems to notice Nig-German here !!, fallen really low recently,

Any idea when Crusader is coming to the market sef, I need to know sharp sharp, ?/

FatherOf 2, I'm keeping an eye on Eternal, this NSE sef , sentiment is KING,

yodiyokun:
Cool down nahhh, this contains more information----

Na waooo you too don jump to autopilot plans - take am easy oo

yodiyokun:
for GTB fans

RoughCut:
This problem with this arrangement is that Inter will be one of those that will be 'disavantaged' by this uniform reporting business. After Feb 08 which is  Intercontinental FY and they are now forced to report FY again in Dec'08 they will only be reporting 10 months in effect for full-year which will not look good in comparison with other banks that have their  FY  before the end of '07 which means they will be reporting for >12 months by Dec'08

Not sure how this requirement changes anything though. Why change a winning formula? We just like to flex muscle for naija Na wa o!

rasputinn:
@ wanaj0,what's your take on a choice between first inland and diamond from the 2ndary market

hbrednic:
@hbrednic
I asked my bank and this is strange to them. they only send confirmation of transmital of funds

what bank is that?
stop asking the cashiers,just move to the foreign exchange section.they will do the trick once the money came in through them.
for me, money wey reach home don reach home be that,no going back. CIC or see i see na tori

You need a CIC if you intend to repatriate the money. If not you will have hassles explaining the source of the money. Yes  a bank transfer it but what is the source. The CIC basically showed that you brought money in, invest it and now repatriating it 'home'. If you don't have the mind of repatriating don't worry. However if you do, get CIC or you may have a money laundering charge upon your head especially if you have an Osama Bin Laden type of name or look.

Surprises:
OFFER ALLOTMENT

I hear that with SPECIAL arrangement, one can get all its allotment in some public offers.  A friend did it, and he got all 5,000,000 units.  Is this practice ok by SEC?  With all these returned money, should one be surprised?  Have you heard something similar?  Japaul and Int. Breweries are a case in point.

crazyT:
I would have love to upgrade my ticket too but I bought mine during fuel scarcity this really affects the price, @ 4.40 or do you think the upgrading fee is still okay @ 5.50, especially for someone heading to Australia  (the final destination)

crazyT:
In a nutshell, you are telling me to use my credit card to purchase the empty sit beside me in the flight in other be able to get comfy right?  

Abegi you are right jare, who need okada when chance still dey for KLM

crazyT:
@ Wanaj0



Based on your advice, I jump commot for Lasaco flight (with about 175kg) come carry small excess luggage join am take enter Unic flight. The flight too sweet jare! Abegi no leave me inside this flight commot o.  

Despite the bad result, since 18th of January the thing don gain about 20%, ride on UNIC!!! NSE is too unique

Once again, The guru of all gurus thanks for always being there.

MyPeace:
abi market never close , everywhere is quiet, no info.

mutu1:
FIRST BANK OF NIGERIA PLC
UNAUDITED NINE MONTHS RESULT ENDED DECEMBER 31, 2007
2007 2006 %CHANGE
GROSS EARNINGS N105.214b N63.722b 65.11
PROFIT BEFORE TAXATION N32.812b N19.259b 70.37
TAXATION (N6.890b) (N4.439b) 55.21
PROFIT AFTER TAXATION N25.922b N14.820b 74.91


ELEPHANT DON LAND BE THAT!!!

tonyjon:
@ Wanaj0,

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

Thanks.

Peace.

Don't have it with me here. Ask easimoni or Yodiyokun

iconbull:
wanajo, i have about N2 mill tied down in that PP since 2006, verify their listing date well well! before jumping in. we havnt got certs or dividends since that time. i plan visiting their ofc this week though.

stanchuks:
@Frank
My heart goes out for the loss of your brother, please find a way to forgive those that might have done this to him, God gives and takes, Take heart, fight it off and come back to the forum


@Wanajo
I have this Livestock feeds shares i got sometime in July last year @4.30, the week i bought, it lost 30% of its value and later lost close to 60%, i just decided to leave for long term, but for the past 2 weeks it being gaining,it only lost 2wice in this 2weeks its presently at 5.97
what i will like to know is if there is anything driving it up, should i still hang on, my TP is actually 6.00

frankiriri:
Hi all.
I know I have been MIA.  Na work pressure and an unfortunate accident way happen towatds the end of last year. My younger brother was gunned down. These issues  has turned me to one of the silent readers.

windywendy:
@Fatherof2, you know say you be my brother any day abi? And I respect your opinion very well on this forum as well as the other many varied opinions. But e get one thing when you dey do wey de vex me well well.

Your strategy is sound no doubt, and you're obviously successful at it. I, like you, trade very heavily too. But sometimes your comments seem condescending to people who choose to do long term investing. Not too sure what's going on between you and Wanaj0, but it's not too cool for you to come out and call a stock useless, especially after someone has recommended it. Haba, Fatherof2, this detracts from your very well respected views na, it's beneath you.

Anyway, me I don talk my own finish  . Please keep your comments impersonal, it'll help to foster open-mindedness on the forum, which is what we really want.  Abi?

RoughCut:
This your stoich advocacy of FBN i must confess sounds compelling to me! I'm actually shedding all the luggage i get for UBN and i think i might just replace it with FBN

You know that donkey u dey refer to he don tey wey he never waka so the day wey he go enter jerusalem na with style o. He no waka like other donkeys sam sam mba!

SavvyLanre:
@ Windy - very funny, But really, i would have no reason not to buy my sister a nice present; if things work out positively.

@Wanaj0 - If na Jerusalem, we dey go, i dey onboard with my small holdings.

windywendy:
Me ke? No be me oh! I took position in that sector last week when most peeps were asleep. Me no dey play catch up na. With this my short leg, na five steps ahead I dey move one time  

RoughCut:
UNIC: i dey on board sir and all correct and i  struck  UBA not sure it will be any closer

I beg who dey buy UNTL now? even though the factory was closed down some months ago


My only exposure to the insurance stocks is in UNIC and LAW+UNION i think i feel comfortable with those

windywendy:
E be like say you too dey like "gra gra"   Why will you get the poor guy removed for not getting you a stock? Relationships are more important than money o, my bros. And as a representative of Christ here on earth, you should exude His Grace and Mercy. Again, you know say you be my brother for real, so make you no vex as I talk so o  

SavvyLanre:
@wanaj0 - you don remove FBN from your radar?

Easi - i confuse for that Insurance o, if one of the guru fit recommed 3 with better analysis (preferably Windy or Wanaj0). I fit stay long term.
Currently, i am looking at Equi, Crush, wapi and lasa for long.

easimoni:
Standard Alliance is on TS, Lasaco lists 7B new shares and some peeps bought 170M units of Soveriegn Trust today! Insurance is a minefield. I'm out.

RoughCut:
Wetin u dey talk I beg go check the closing price jare the thing don nack N29.50 today or u dey talk about something else?

RoughCut:
As not too many n'landers dey on board this one with excess baggage the thing come dey light. Na helele

RoughCut:
Hmnnnnn, Costain i think it came off suspension @N18.89 and by my estimates looks like its done ~28% give or take in about a week! Well anything above today's closing price and in between now and end next week na jara!

Very small # of deals only 4 and its on net bid of 6.53M Hmnnn, may be i will upgrade to first-class and hang on to the flight little bit later than next week _{did i hear someone say oju kokoro}

The jet engine is turbo-charged!

ololufemi:
@ Wanaj0,

I dey hail you oh.

There is no better sector than the banking sector, CICO or RORO or chop and clean mouth or etc does well in this sector. It takes strategic thinking and decisions to achieve the goal but I strongly believe it can be achieved

pumping777:
@wanaj0

I understand when the portfolio grows to a particular level, it will not be possible to concentrate on such stocks again but for the growing period, these are still valid candidates.

pumping777:
I still believe that you can make the billionaire's list faster today with other stocks apart from banking and there are very good candidates and I'm not talking about penny stocks without good fundamentals.

A friend traded around N55M on the following stocks between November last year and this January. AGLeventis, Beta Glass, CILeasing, Lawunion, Japaul, Unic and Crusader. To be fair he also carried a lot of Japaul over from TS. No banking stock. I never agreed with his portfolio but he insisted he was not touching any high cap company. Net profit to the bank was about N26M. These are the little drops that make the ocean.

Agreed, maybe his luck will not always hold but the point is this. Nothing in banking could have given such returns in those same 2 months as it were, CICO or otherwise. I also traded on all the stocks above but together with banking and some other stocks that drove down my average.

He has his eyes on N500M and the plan is definitely not to hit the target in a year but in a few years it is still possible to make all the money he wants looking at other sectors. On the NSE, nominal price matters so much.

RoughCut:
ACCESS and UBN are coming off that list for defo. Bought ACCESS for N1.65 and UBN N20_{Oluwa seun!} i'm about 350KG in weight for both stocks so wetin i go buy again?

RoughCut:
Well as Tribune don talk am say Yar adua wan buy savananah for him people so as to re-balance the 'perceived' inequality the dead may rise again

RoughCut:
I get hand for a lot of other sectors but those are short-term 0-3 months and everything else in between good for CICO and RO-RO_again! for ACCESS, ZENITH,OCEANIC, INTERCONT,UBN i no dey touch those ones they are 'sacred' cows

I dey on board PHB, DIAMOND fully and eyeing SKYE bank and i'm seriously on board with Costain with one leg inside GTB _{still dey wait for that one sha}and Ikeja Hotels etc etc make i continue? but all those ones are short-term plays for me. Make i mention CI Leasing?

samstone4:
@Wanajo, Windywendy & Nairlanders

A few months ago I was begging for information and opinions about Thomas Wyatt and was completely ignored.
I have just sold a sizeable chunk of my holding and did not even take up all of my rights!!
Any particular reason why it is hot play now?

Samstone4

RoughCut:
What you have just said corroborates the point i was trying to make they have only issued bonus twice in 4 years! i wouldnt mind that at all.

If you realise that 5% of N200 gives you N40 is a lot more tangible than 5% of 10N which is 50k. If i bought a stock for N200 and for every N1.00 i spent buying that stock i'm getting 20k appreciation i think it makes a lot more sense than 5k i will be getting for every N1.00 i have spent buying the N10 stock. Until we still divest ourselves of the mentality on the NSE that the more you cut a cake into pieces the bigger is what comes to you i think all these issues with share construction/reconstruction will not go away!

If your analogy with FBN and Unity bank by some fluke happens to hold true then i suppose Unity bank would probably not exist as we know it today that comparison na helele

carolope:
Well, well, thanks to everyone that responded to my earlier shout-out. I guess I might really consider contributing to the discussions here. I believe I might have some part to play here.

Anyways, I have been investing in the stock market for quite a while now. I must confess I have made a lot of money from it in different ways. I still learn everyday.

Hey, I have 2 questions here;
1. What do you think of UBN in the short term?
2. Is Sterling Bank a good deal right now?

I'm thinking of letting go my holding in UBN (I made a big hit there) and getting into Sterling/EcoBank. Any market info on these?

Thanks all.

RoughCut:
The only stocks in my long-term portfolio are banking stocks and everything else is in the trading portfolio short-term from 0-3 months and everything else in between to borrow FO2 catch-phrase good for CICO or RO-RO. Come to think of it ACCESS might have to go in the trading portfolio now as things now stand and UBN don't see an upside there anymore!

pumping777:
Aluminiun Extrusion? I was chasing it since it's las interim result becasue of the good potentials but it is too scarce. It has not even sold done up to 200K units this year!!

windywendy:
You don come again o   . Aluminium Extrusion, forget! No volume! NCR, I tried getting about 2 or 3 months ago when I heard about the deal with UBA and some other big banks for the deployment of ATMs. No show. Not even 1 unit could my dear broker obtain. Thomas Wyatt? yeah right! Tried that also when I learned that they were restructuring and doing a rights issue. No show there either. Don't bother with Greif (vanleer), been there, no show   .

Anything on the insurance or bank side?

RoughCut:
I'm sure FO2 don clear NCR commot for ground i remember him mentioning it a while ago! As for Thomas Wyatt anybody wey  get please give us a shout.

Deap capital i chase am so tey no show so wetin person go do now?

pumping777:
@wanajo

Ha. You just touched on my point. I am not "complaining" that the banking stocks are losing value. I am just looking at it that it may not be the right time to dive deeper into the sector pending when the sentiments change. So if the price of the banking stocks will be this way until the next batch of results I want to put my money to work elsewhere.

My trading portfolio has very limited banking stocks. Despite the volumes and capitalization, I have realized that I don't get significant gains from banking stocks short term.

In my little experiece so far, my non-banking stocks have consistently outperformed banking stocks in the short term. Yes, my long term portfolio has about 40% banking stocks but that is a different kettle of fish.

RoughCut:
That would be fine if they are not going to be issuing  bonuses left right and center. Look at Nestle it has a high nominal price but i can't remember the last time they issued a bonus and it is a good quality stock any day steady growth with no unnecessary stock dilution which adds value to the stock and shareholding.

The penchant for issuing  'bonus' with a view to artificially inflating  the share price is the problem i have with all these coys