₦airaland Forum

Windywendy, you get time to dey analyse Acorn. Saw it and I could see clearly that they are armed robbers. In a sector with dwindling margins and seroius competition expecting such a leap within such a short time shows that they don't know what they are doing. However, that does not mean that those that bought the PP will not make money.

As per CHAMS, still dey wait for your detailed analysis OOOOO. Hope you've submitted the application while analysis is in progress.

In terms of fund raised, everyone will be playing catch up with First Bank. N250bn no be joke. Definitely, there shareholders fund will be ahead of others.

GTB is the one I fear for. It is either they are planning to be swallowed up or they have an agenda that is not clear. They are growing smaller and smaller in the general scheme of things.

It is not a profitable venture except you are into supply of diesel. margins are fixed and small. Imagine running on generator and being made to sell at ridiculous price?

Sorry, nothing like that at elast for now and yet to see any plan for this. Only brokers can trade remotely. You need to eb connected to the trading machine to be able to trade.

diva4eva:
hahaha , but wanaj0, them say we fit apply for additional rights and remember them no do PO so we could only apply 4 additional rights. i don learn the hard way, the only way

You fit apply for more rights. Where will you get the extra from? From people that did not take up their rights. So since most of you decided to take up your rights, money will automatically be refunded. So next time, no plan to take another mans property

yodiyokun:
Back to business.

I have checked the trends from Wanaj0 spreadsheet and I can confirm that for some stocks, the price surge around results time has been repeated every year for the last 3 -4 years. Thats how far back I went  and this did not apply when those stocks were on technical suspension. The trends may change if everyone is trying to follow it now sha.

Anyone have and idea of which Insurance companies have shown interest in coming to the market soon?

Not quite through, check 2003 or so, Q1 was a disaastrout year on the NSE.

diva4eva:
People, Can u imagine? i applied for N100,000 rights for the CCNN rights issue last year and today, i realised i was given only N7,000 right so my N93,000 was returned after tying down my money for 5 month. This is the height. I am through with PP, IPO/POs and RIGHTS ISSUE. its is actually crazy

Na ojukokoro (insect eye ) dey worry you. They told you your RIGHT and you applied for MORE than your entitlement. Whose fault be that? Abeg no complain OOOO

Well such is life. A friend made a KILL from WAPCO and BCC by applying far above his rights. He did the same with First Bank and he was colecting millions as refund after six months from money obtained on loan at interest rate of almost 25%. Help me calculate his losses.

yodiyokun:
@all.

Thank God for @Wanaj0 and @Babaibeji school of thought.

As I have said be4 - na your money oooo. If you loose 100k, 1m or 100m na your money. As for me if all my money in stock market go down today - I no go blink, na small money and I no borrow am and I don't need it to pay school fees or rent next month.

This na faceless forum and O.Y.O l'ewa.

The truth  is that I have a serious problem following hook line and sinker anyone's strategy, I have a brain and I can use it, I may need insights from others but the ultimate decision is mine.

Everyone  here taking anyone's recommendation - BE IN CONTROL - REMEMBER YOU ARE IN THE DRIVER'S SEAT AND NA YOUR MONEY.

Understand yourself, your situation before you follow, follow. Stock can go UP or DOWN. Life is in cycles and entry point is very important.

Baba Ibeji  or Wanaj0 never told us here of any experience where they lost money or had no susbstantial gain.

I would appreciate if they can share with us.

We should all remember that there are silent readers here who are novices to this business, some of them will learn to do their homework while others will follow follow.

It is that second group, my note is addressed to. Shine your eyes o.

I don talk my own finish.

I've shared some experience before. Will recount a few:

As a newbie, bought Savannah Bank due to low PE not knowing that it is about to die. It is still in my CSCS. Small amount (10,000 units @ 0.80) but I learnt my lesson.

Bought UNTL at 4.00 because I gave an order to buy about 50,000 units of UNTL when it was 2.50. No price limit or expiry date, months later I got a contract note that they bought @4.00 when that was my exit price!!! Since then ALL orders goes with Price Limit and Expiration date. Still keeping the UNTL as a reminder!!!

Bought Presco at 10.50 and sold @ 11.50!!! That is nonsence in my books because I sold Okomu which now returned better to BUY Presco.

Bought Eterna @ 1.50, it dropped to 0.68 but rose finally to 3.50 at which point I sold. Sure you know the price of Eterna now.

Bought Oceanic at 7.00 Sold at 14.00. had to buy again @ 14.00 (after adjustment for bonus 1 to 4) less than three weeks after!!!!!!

So I never claimed to be a 'perfect' investor!!!! However in all, they fit into my RISK profile. No sweat over any. You may not beleiev it, I've not taken a serious look at the market for the past one month or thereabout! My mind is at rest so I am not worried by teh daily flunctuations. Not saying that is right but that is what 'FITS' into my personality.

BTW, just submitted  CHAMS PP form now via UBA. Will be submitting anotehr batch through SKYE bank tomorrow.

pumping777:
The point I am making is that mulitiple strategies work. Long term, short term, medium term. Whichever one pleases you. On the other hand short term trading has the potential for higher returns but involves higher risk.

As a long term investor, it may not matter much if you buy First Bank at N40 or N45. For a short term trading this margin may mean the difference between profit and loss.

Pumping, ALL strategies work. The issue is which startegy or combination fits your personality. I've seen people doing CRAZY things but they are comfortable with it. Collecting margin to do First Bank PO? Collecting margin to pay apply for more than your RIGHTS? Believe me the guy wnet to collect his return money and he was all smiles!!!! My dear, some people will drop dead!!! He just looked and asked which stock to BUY and get 50% returns because 6 months is already gone with that deal. However, I am not worried about him. That's his personality. He is comfortbale with it.

Some people will die if there is nothing to make their hearts to skip!!! So by nature, some people can only be short term traders. They like the excitement that comes with the game. That is their personality.

So whatever strategy or combination of strategies that you use, let it fit your personality so that you will be HAPPY.

HAPPY INVESTING.

RoughCut:
In the first place no broker is allowed to transact any business on your stock-broking account without explicit instructions from you unless your portfolio is discretionary in which case you have given the broker the mandate to 'manage' your portfolio for you. In my books that is profesional  misconduct but because its naija make 'shakara' small small o and hopefully you would have made your point!

The mere fact that that you signed a mandate form does the broker any right to carry out transactions on your portfolio without you knowing about it. So if you make a loss on that transaction who's going to pay for it?

My man you too dey jump to conclusion. Ask am whether this is the first time it is happening? Ask am whether when the guy did it before and they made profit he was not all smiles. Yes brokers will not ormally do such but when you give money to brokers and ask them to BUY a good stock what do you expect.

As a rule, my orders have limit price and expiry date. I learnt that from experience. You buy any stock without my WRITTEN instruction (even if I call it must be backed up by e-mail) you will remove it straight away except no be my money you use!!!!!!!!! And removing it means I am not bearing the transaction and commission costs!!!!!

kpineo:
@all
I guess i speak for myself and would like to believe that anyone following any particular strategy is fully aware of the risks involved. Another thing i think pips on this forum are not getting straight is you can't win them all. I tend to see a lot of comments like i made 300% or 500% in my portfolio in the last year, maybe am in the wrong market cause me i no see that kind profit oh. even though i made over 100% in 3 or more stocks, it doesn't translate to 300% in the last year. If i should considered by mistake with my loss making NASCON am probably down to about 50%. We are all learning new ways of understanding stocks right now, speculating, technical, fundamental and otherwise.
As for Dangote flour, the blind mallams in Sabo, Ibadan saw the oversubcription coming. after all the Dangote hype of which i bless him for his miracle which touched me with DSR and the error of Nason me i don leave the man for now. PO's are not the way right now(person opinion). But as Wanajo will say it all depends on your reason for investing.

@Father of 2
bloody brokers sold half of my access, so i dey siddon look with the other half. and just bought UBA yesterday.kai
@wanajo
person need deep pockets so as not to suffer hypertension for real.
@all
if you are cycling in and out. please do it with at least 2M per cycle otherwise, it will not be worth your headache. do the maths.
@ololufemi
my fellow disciple, wetin dey par

My man na person with deep pockets fit suffer hypertension pass. That's why funds don't buy the so called 'hot' stocks. 10% loss in a portfolio of N1bn size is N100m. If you cake that in a week (some make that in 2 straight days) you no go faint?

As per cycling in and out with N2m, that's too general a statement. It depend on the LEVEL that you are operating. For some cycling in and out with 100k is huge for their level. For some anything less than N10m no dey show for their portfolio!!!!!!! So LEVELS no be the same that's why you should not make such GENERAL statement. I got your gist though.

pumping777:
Like wanaj0 just reminded us, everyone's risk appetite is different. There are long term investors. It is also a strategy that works. One thing I can tell you about short term traders is that they rarely share the experience of their losses.

You can make 34% short term but you now have to put that money somewhere else and start sweating it out. The long term investor is not in this same game. If prices go up unusually, long term investors can take profit but this is not the plan.

While I get your gist, the issue is not a long term or short term matter.

People put money into Transcorp long term (PP) but you can see that those that bought the PP are in the red after 2 years!!!!

People bought OandO for long term during the PO and Rights and for almost three years they were in the red. People just need to know that whatever strategy that they use fit their risk profile!!!!! That to me is the key. Because we are also different in terms of age, status, investment objective etc, it is difficult to make a 'general' recommendation to someone without knowing those information. That's why financial planners general sit down with you to know you and understand your objective before recommending products.

No startegy is wrong once it fits your risk profile. I know people that are hyper active so they cannot just wait without seeing movements on their portfolio. It fits there personality and risk profile so no wahala!!!

ololufemi:
@ Wanaj0,

I remeber sey una dey laugh me then.

But well said Wanaj0 or field Marshall as some people would refer to you. Make I oblige them before them go talk sey na only Fatherof2 I dey respect and I dey disrespect you.

Field Marshall Wanaj0, na nairalanders give you name oh,

You are absolutely correct, if you cannot swim, don't play near the tidal wave or ,

the higher the risk, the higher the return.

Be sure about your actions before you take them. Know evidently well that you are taking a risk.

A typical example is people buying Unity Bank in anticipation of a price surge due to impending PO. What if it now falls,

I leave you to answer.

No carry your ball go field if you know sey if them burst am, you go cry and your brother go beat you for house

Speculators are huge risk takers.

Olufemi, I laughed at you then but I know that you will learn. I also know that you are not a 'novice' in financial matters. I was not laughing at your misfortune but glad that you are learning a vital LESSON. PATIENCE. Imagine if that money was what you needed urgently?

My concern is that people are not tailoring their strategy to their risk profile. Also they don't have a contingency plan. For example, I got my school fees (N1m) but the tuition is not due in March and I was told of the hot stocks. Good, but what happens if things go wrong. Will I stop schooling??

People don't know how much losses some people make on the floor everyday. Which ever strategy you use, non is fool proof. Just make sure that it follows your risk profile. Got a guy who collected his mortgage and invested it in 'hot' UBA stock @ 14.00. Now that same UBA went as low as 6.00 within a short time. He almost died of hypertension. No house, no money!!!

Shared the experience of a guy who collected margin to buy WAPCO. With margin you know it is short term. Well, he bough at 75.00 hoping to exit at 100.00. Well, WAPCO went as low as 65.00. But do you know one thing, his risk appetite can take. He did not even bother to sell the WAPCo gain (one year) now. He even collected more margin facility. For most, they will land in the hospital immediately today. Was with the chap today and he was still all smiles. Still jovial with the wife. For most, the wife will automatically discover the change in the man she married!!!

When I sent price history since 2001, it was for people to understand what trend is all about so that they can filter out the distortions. We've had some distortions in the market which will soon clear out. People should take risk that fits their profile

damoche07:
How times change. So the latest strategy now is to let a stock be left off TS,wait for it to drop to close to PO price and then plunge in.Two months ago the reverse was the case. Oh! my NSE,how beautiful and unpredictable you are?

Well, when the 'distortions' in the market are removed, we all will start to see how things work. Ask your self why you will buy a stock at a higher price after lifting from TS when you could have bought from the PO.

The madness started when BPE made some companies to be on TS for close to 2 years during the privitisation exercise. Because of the supressed capital appreciation they hit the rooftop. Also, when CBN started verification which made bank stocks to be on TS for longer than necessary, this was compensated for by the sudden appreciation after the TS. Now that the distortion is being removed, it remained to be seen why the price should increase after a PO. Why did it not 'increase' before the PO?

Fatherof2, if you read my post very well, you will see that I am not attacking or criticising your strategy. Just letting people know that they've got to be like you in terms of temperament if they need to go that route.

When FCMB was lifted from TS, the price dropped and people panicked. You however told them  not to worry. Those that will worry over daily flunctuations should not even get near the capital market or else they will develop high blood pressure.

My comment is not about strategy, it is about individuals risk appetite. It will be good if you teach them that also. That's when they can live to enjoy the money that they make from the market.

RoughCut:
It doesnt make any iota of  sense financially for any institutional investor that has billions of naira and deep pockets to invest to go via PO/IPO i don't think they would like to tie down their funds in return for a 'paltry' interest plus principal in case monies are returned.It is  even more ludicrous if they are now applying for 50% of what is on offer that does not constitute a serious bid to me_{i'm sure all the other institutional investors have not come to sight-see third mainland bridge!}

So any institutional investor that has applied for 50% of the equity on offer is  not yet  ready to play with the big boys catch my drift? i was not referring to the institutional investors that entered or applied via PO i don't even know them all those i referred to in my earlier post on this subject don't think they applied via IPO/PO. Those guys have serious money to play with so why would you want to waste time and tie down valuable resources applying for PO or IPO's?

Like you said the banks would have to come and look for them and not the other way round!

You need to understand the reasoning. There is a limit to the quantity of shares traded on the floor. Hence those that want huge stake either negotiate or enter through a PO/IPO. Stanbic nominees applied for over 2bn shares of Access Bank. That is deep pocket in my books. Definitely more than what Actis committed into Diamond.

The issue is you have people who want to 'take' over some companies. If negotiations fail, you try through PO's/IPO. it is a gamble now with the oversubscription.

@ all,

It is not the 'norm' for prices to rice after a PO. What is the reason for the rise? After all the excitement, we will return to the 'norm' when prices fall after lifting of Technical suspension. So beware!!! FCMB should have taught people some lessons.

Roughcut, institutional investors that partook of the FBN and Access offer got money refunded to them. That include those that participated as prefential investor. If one person applied for 50% of the total offer what is the person looking for? How much will they now allot to the others? For institutional investors that do not bid for a takeover, you negotiate with the owners and you get a private placement. That's what Actis did with Diamond. They did not enter via PO. Even with Intercontinental, teh funds entered via supplementary offer and not the intial offer. Inter went to meet the fund managers to invest. Look at even the IBTC/Stanbic deal. It was discussed. Not one that someone will submit application for 50% of the total shares on offer. That immediately skewed the allotment process. If you have that amount of money and intesret, why not eneter into discussion and negotiate.

if you don't get HEART don't do short term trading. You will get HYPERTENSION. Most of you following Fatherof2's strategy don't know the kind of person he is. When FCMB was dropping after the lifting of TS and people were shaking, he was resolute. That means that he is willing to wait it through. Secondly he is not under 'pressure' to sell. Thirdly, he is well diversified with deep pockets. Fatherof2 is recommending First Bank you think he is planning to clean out in two weeks? He went into WAPCo you think he is talking about 2 weeks? If you don't tailor your strategy to your personality, you will soon be on the hospital bed. Fatherof2, please teach your students about risk in relation  to age, size of porfolio, investment objective etc or else you go carry many dead body!!!!!!

On PO's I do PO's but I know those that will be oversubscribed and I did not bother. One rule about stocks is when every Tom Dick and Harry is buying a particular stock run away from it. By teh time Tomato seller, Shoemaker etc are buying a stock what do you expect. It was written all over Dangote flour that it will be oversubscribed so I did not move near. For those buying Costain, just be checking your box for returned money. For AIICo anything above 50,000 units will likely have money returned. For Zenith, anything above 10,000 will surely face return money. So if I know that, I candecide to buy in multiple names (individual and as a corporate entity)

One thing I have against most of the PO's is the fact that they are over priced. No real discount. But if I see another PO like NAHCO. Coming out with a forward PE of less than 4, I will rush it!!!

Loans that I am getting for CHAMS are short term (two weeks) loan from individuals.

walcolm:
i think you need to pay once. all those accounts are in your name and when you log on to CSCS, fill in your CSCS nos/CHN nos, you should be able to view each account.

Not likely, though the accounts are in your name, you have many accounts (CSCS and CHN nos) hence each account will need payment for access.

RoughCut:
Dont think ACCESS would be so stupid as not to accommodate the institutionsl investors so you can bet that most of the institutional investors would get their allotment if they are not already on the preferential allotment list not to do so would be committing a financial hirakiri!
The reality of investing on the NSE or any capital market for that matter is that is it the institutional investors that move the markets and they cause the most wahala!

All these banks don't need our money the institutional investors with their over-bloated wallets are what they need. can you imagine the pension commission with N700B in their war-chest being refused allotment by any company doing PO/IPO don't think so somehow and i would like to see a company that would do that. Why deal with so many angry shareholders when you can deal just a select few with fat wallets!

Not totally correct. For starters, STANBIC Nominees requested for about 50% of the total shares on offer!!!! Of course no way they will get that amount. Also, for First Bank, someone applied for over 1bn units!!!!!!!! No way First Bank will allow that, institutional investor or not. Don't forget that they are also wary of hostile takeover.

Even those that entered under preferential allotment are getting refund money. I have a group that did and they are using the refund money for Bank PHB.

While the institutional investors have deep pockets, comapnies are wary of them because of control. They want to have people on the board. Soon, they will push the promoters away. See what OandO did at Gaslink.

MyPeace:
@ all

My sister bought the last Oceanic public offer, is she qaulified for the recent dividend?

And again, is Access Bank really returning money, my sister bought 35,000 units and she called their branch where she bought it, they told her that "theres no official news on returning money, its all rumours".

please someone should respond.

Your sister is not qualified for the dividend.

Yes Access is returning money. The branch she bought it from will not know. No one will confirm until the official announcement is made for the allottment. Reality is that teh offer was hugely oversubscribed. There is a limit to how much of that they can accommodate so the rest will be returned. Most institutional investors are already pressurising them for return of their money.

stanchuks:
@ ICHIE WANAJO
i will like to know your insight on Diamond bank i entered at 22.8 and i read somewhere in the trend that it was time to exit, although it lost some steam this week,please let me know your views on it
i go still thank you for last year wetin you do for me on NGC

You entered at a high price. 18.00 was my entry point for Diamond. If you are patient, it should reach the 27.00 - 30.00 just before the result is out. I am not in it to trade.

Hope you've sold your NGC. Target price for me is 28.00. Anything above that na jara.

lawalidowu:
@wanajo
thanks for d reply.
following the trend of buying and selling on thur/fri, if i am lucky, i could get wapco at about 65 if i place an order for a buy tommorow provided it doesnt u-turn today. in that case, i will buy enough units to average my price to just about 70 +/- 2.5
that way it may not be so bad afterall.
the question u did not answer is this;

do u think it call fall to 60? just need a second opinion before i finalise my strategy.

if wapco will ever reach 100, apart from the bonus rumour,

what do u think will drive it there?
when do they normally release their results?
what result is due and when?

Don't see WAPCO going below 65.00, even that is a bargain.

A fair price for WAPCO will be the 90.00 - 100.00. What is affecting WAPCO and to some extent Flour Mills is the epileptic gas supply which has led to an increase in the operating cost. I think the result should be out by March/April.

lawalidowu:
@fatherof2 and wanajo

I bought wapco last week at 80 and since then i have lost 11%. i don't mind buying more units now at the present price (70.8 +/- 5%) to lower my average cost.

do you think the price can go much lower than this? if u are planning to buy, what is the lowerst price you think it can get to. i smell an Ap kind of trend here (in the sense that it attacked, retreated and then ATTTACKED!!!)
NOTE: THIS IS JUST A HUNCH AND NOT BASED ON ANY ANALYSIS B4 SM1 SAYS I SAID SOMETHIN

@PUMPING AND EASIMONI
if u have 1mil now and u are looking at reasonable_{reasonable as in 20% or worst case scenario evens after charges} profit in the first quater, what would u put it on?
i did think wapco but i no even kno self with the price drop.

@ all
_{help me}

You enter WAPCO at the wrong tim. You enter more at its peak. I will not enter WAPCo above 70.00 because I don't see it going above 100.00.

Naturally, I go for stocks where I see potential of 50%. That way even if my projections are not met, I should go home with 30% which is not bad.

Right now, I am bullish on DSR but it is going up and up.

If you can take gamble, wait for the 9 months result of First Bank and enter. If you can wait for 12 to 18months you should make a KILL.

For returns in Q1, November/December is the time to take profit.

On insurance, tread with care. Most of them will be coming back to the market so expect the prices to be on Technical suspension soon.

MyPeace:
@ Fo2 and Wanajo

please when will FBN likely release their 3rd qter result?

February

steeviee:
@wanajo

No doubt you've got a great pedigree.



@ ALL

what are your takes on NRM insurance?

Which one is NRM Generally for insurance companies, tread with caution.

If it is NEM, difficult for me to recommend. It was 0.55 in 2006 when they did the rights. Now they've merged with VIGILANTE and not sure what the outstanding share is right now. However, they will be coming to the market soon which should drive up the price.

Still tend to lean towards UNIC. The PO was don @ 1.10 in 2006. They may be coming back to the market soon

barge:
@ WanajO

What is your take on fcmb and A.G leventis. Respect.

Personally prefer FCMB to AG Leventis.

hbrednic:
good-day 2 all

@wanaj0
please how do i make a reservation on this CHAMS PP?
any phone or mail add that i can hit immidiatetly?

crazyT:
@ Wanaj0


“THE ICHIE OF ALL GURU’S” I still dey wait for your responce on my request o

What is the request again? The CHAMS thing took all my time and energy.

crazyT:
@Wanaj0

I wont call you Filed Marshall because we are no more in the military era, so I’ll dub you with “THE ICHIE OF ALL GURU’S” (after all some one got to be the Ichie)  


I need your help here, last week I was able to sell both my LASACO (gained about 124%), AFPRINT (230% profit) and yesterday my CAPOIL was sold too (with more than 1600% gain) , meaning I am fully loaded with cash (in my acct.) but don’t know which stock to buy especially with all these free falls.

I would have love the CHAMS PP but I am not in Nigeria and no one can cash the money out for me.

So Ichie of all gurus what is your advice?

Btw, I still keep to your strategy of not selling off the entire stocks o; I left about 15k units of LASACO and 30k units of CAPOIL.

You don't need to be in Nigeria. Your broker can issue a cheque to the issuing house so no problem with that.

I don't do short term. For LONG TERM, CHAMS is top on my list. Can wait till 2010 for that. First Bank and Diamond are also on my radar. Dangote Sugar should also do well this year.

On Diamond, if you can wait for 3 years, go for it. Don't see ACTIS staying past three years. You can be sure that when they decide to exit, it will be at a huge premium.

steeviee:
@wanajo


everyday i'm amazed and rather bewildered the way guys mention big money on this thread . they talk about hw they are really prepared to take position in stock. it's somehow awesome and encouraging.

you will also help your followers like me if you can answer my earlier request.

Not sure what the earlier request was.

Well, I finished University in 1991, started investing actively in the stock market in 2001 so you can imagine where I ought to be especially now that I've moved to the NEXT LEVEL

aktopgun:
@wanajo

thanks for putting pennywise straight on it. he got all mixed up didnt he.

anyway i suppose it would have helped to look at the prospectus before assuming

by the way, managed to raise any dosh yet? i'm going with the little i have. my link in lagos says its on a first come first serve basis. i am going with the little cash i have on hand right now

sure big boys like u will get large preferential allotments

Well, reserved 2m units at UBA Global Capital Markets.

Just got a contact in SKYE BANK also. They are one of teh underwritters so I guess they are selling their portion (25% of the total offer) They are doing first come first served. The guy asked for an e-mail so as to make reservation for me.

Going to do a reservation for another 1m units while I go and source for funds.

Raised 1m already. Hope to get more before COB today. Will see if I can raise 12m by next week. If it is still open then, I can go for a KILL.

MyPeace:
hahaha, answer as usual

Wetin cause riot for Kenya no reach this one wy you dey do OOOO

Pennywise:
@Simplelady

Chams is short for Chellarams. Its also an acronym for a shakara company. They want your money, at the same time they don't. Better left alone. Dont see any point in this 'open' PP. Maybe the point is to sensitive people for its PO because with the credentials reported on this forum and the amount wanted, 5 Nigerians will happily raise the money on I.V.

CHAMS and CHELLARAMS are totally different companies with nothing in common.

CHAMS is doing a PP with plans for listing soon. They may do an IPO then.

CHELLARAMS is already listed but is planning for a PO.

Hope this help.

MyPeace:
@FO2

l am still stocked with my LASACO. l changed a broker and he has been working on the transfer. l don even tire for the only thing. l believe another sale opportunity will come up again soon.

And how far with Transexpress?

@Blest, just send the money to me and I can BUY since you cannot BUY.

Seriously, this CHAM thing na wa OOOOO. Was just processing a N12m loan that should be ready by month end for this thing now they will not allow me to eat belleful for this offer.

Learnt that they did preferential allottment. Was told that the 'offer' was just to fulfill all righteousness as the thing was already allocated!!!! Unbelievable.

Well, now that CHAMS is almost gone, what next

SavvyLanre:
@Wanaj0

I no be customer of UBA, i be wan call them find out, was just hoping someone on this trend would think it is worth the time to call. Na Zenith Sec. i dey use and considering opening another one now.

Call them first. faster that way. You need to know how fast the thing be. Na hot cake!!!!!!!!!!! People are dropping cheques without filling forms yet!!!!

RoughCut:
These 2M units you reserved how many of those are you willing to float to fellow n'landers? _{i be great ife or is it great OAU?}

The 2m unit is fully susbcribed now. It is being shared between 4 people. I hope to take minimum of 1m units out of that.

However, trying to get SANTRUST to see if I can get more.

Have one other link at UBA that I am trying to work on, if that clicks today then I should have some free float.

K2:
@Savvy, No just bother about UBA. They are bunch of useless folks. They are one of my brokers and they are the ones who told me it's closed.

Abeg no be dia fault. Na so proper PP be. Na by invitation. Did you get the IV Why una wan gate crash enter the party?

Windywendy, still waiting for yoyr analysis as promised OOO

RoughCut:
I don't know about N10M but the madam at skyebank told me the number units i would like to buy is up to me. Can you imagine my officer at UBA was still insisting that the offer opened and closed yesterday so i just left her i no get time to waste. Time or is it speed is of the essence

A beg make una tread softly softly for skyebank make water no come pass gari

UBA global market is the LEAD issuing house. They have already done 'preferential' allotment. Hence they are managing the number of units they can send out.

For SKYE and SANTRUT, not sure they have that many customers so there must be free float with them. Like you said, delay is dangerous. Not a customer of UBA but got someone to 'force' them to reserve 2m units. Contacted SANTRUST and will get a feedback tomorrow. If I can raise more cash, then will go for the jugular here. Buy Buy to MTN

SavvyLanre:
Folks - i tell you - you guys are too fast for me, catching up na serious matter.

1) Anyone get palaver with Zenith Securities? b'because, man wan move commot go vetiva or Afrinvest.

2) Do you think i can get chams from UBA New York? I only need one recommendation - windywendy, i come get two (another one from Wanaj0)

You dey waste time. Just call them and threaten fire and brimstone if they don't action your request. Delay is dangerous. You dey watch am e dey go!!!!

bigjay01:
infact i think that 80% of the 2bn has already been allocated even before yesterday. We are scrambling for the remaining 20%. that is how good it is. how they priced it so cheap at N2.50 beats me.

i am looking at the latest X5 as i post

My brother the thing na juice. Problem be say I no get cash now!!!! You need to know how far I've gone looking for money (loan). Just need two weeks to pay back. That offer is damn too juicy to miss. If dem like, make dem no list for the next four years, na dem Sabi. By then, na 10 for 1 bonus dem go give us. Just expect 1,000% returns by 2010. if they do the 2011 election and we go for electronic voting, then na serious hammer be that!!!!!!!

pumping777:
N10M ke?? Maybe at UBA Global Markets. My N2M in two tranches (madame) was well received at Skye

Skye bank no be better issuing house. How many customers dem get? UBA just allocated teh thing to themself. I thing SANTRUST will allocate it to Sanusi.

Tommorow will be used to source for loan!!!