₦airaland Forum

RoughCut:
You hedge your risks by making sure you will not need to 'sell' to repay the loan

Do you have any updates regarding the zenith/ETB 'arrangement' or is it a far-fetched speculation?

RoughCut:
It might be cheaper if you want to go down that route interest rates are low compared to Nigeria and you probably request it for a fixed period of time (fixed-term)

MyPeace:
Re: Red Star Express

Since they are listed as Red Star Express, does it mean FEDEX revenue/profit will be excluded from the total revenue/profit of the year?

l know Fedex the international partner has alot influence on the performance of Red Star Express.

alliednetw:
CUTIX PLC UNAUDITED RESULT FOR 1ST QUARTER ENDED
JULY 31 2007.
2007 2006
TURNOVER N18.3m N246.0m
PROFIT BEFORE TAXATION N43.4m N65.3m
TAXATION (N15.2m) (N22.9m)
PROFIT AFTER TAXATION N28.2m N42.5m


This stock did a high of over 22naira few weeks back when they did 1 for 1.
Now the price is 7.50
Please what does the above result say of the company's performance?

jehosaphat:
Thanks Wanajo.
What stocks are you gunning for in 2008?
I know you have an interest in Diamondbank, Transexpress and such. What else is in your gunsights? Abi make we move this question to "Stocks for "08"?

jehosaphat:
Meanwhile has anyone heard about Obajana Cement? Are we reserving money for it or what? Is it coming to a market near me?

Geees:
So where does that keep the share holders,
I have faith in the Atedo man, guess i also have to watch Presco though he doesn't seem to be high up in management.
Cheers

Geees:
I also think IBTC are "tired" of doing biz or their model is not strong because I can't understand how they run a top investment arm like IBTC and could not read the market trends to allow themselve to be swallowed.
I hope the Investement farm is still vibrant.

Thanks for the post

tonyjon:
This is a welcome development. I strongly believe that the rate at which the banking sector is rushing back to raise money through IPOs/POs is gradually getting out of hands.

It's high time the regulatory bodies put a stop to this. They have succeeded in mopping up almost all the money in circulation and they are still yawning for more.

Nigerian economy can never develop without the manufacturing sector contributing tremendously and the manufacturing sector is the most important sector in every economy( every sector of the economy should run pari pasu).
The rate at which the banking sector is raising money, it will be very difficult for other sectors of the economy to develop. I think CBN and SEC just have to wake up and do something before it's too late.

Peace.

no_shaking:
Food for thought!!!

According to NSE DG on TV today, about 5 banks recently submitted application re. public offers and were told to hold fire for now till NSE seeks further clarification with the CBN re. the likely adverse effects of this avalanche of banks' POs on the economy etc

Besides, she opined that the banks are beginning to muscle-out the mfging companies etc from successful outing of their respective IPOs and that this has to be swiftly mitigated.

More importantly, the govt is beginning to seriously moan , ! And everyone seems to have serious reservation against banks coming back to the market the second/third time all within 3 years. Question is - what happenned to the 3 year biz plan they submitted in their then prospectus during their initial IPOs/POs (, coming back to the market wasn't part of the plan?? I tire o!!).

Anyway, let's see how the whole situation would unfold itself , This is Nigeria! We've heard all these before!!!

pumping777:
For one, Ikeja Hotel is inviting with a forward PE of 8.8. I really believe in numbers, The PP investors are taking profit.

ferugio:
Gurus,

Re: FBN allocation.

In a situation like this, is the refund paid with interest or not considering the fund was held in a special interest earning account for such a long period of time?

easimoni:
Pumping,
are you watching Ikeja Hotel's free fall? I'm going to become a hotel owner on Monday. _{(at least 1% of 1% of the hotel)}

RoughCut:
Soludo is not being realistic between you and me we know that more than 90% of the debt instruments these 'BIG' banks have so far used in raising capital are from offshore sources. Give me one 'BIG' bank(may be excluding First bank and UBN) that does not have a substantial amount of debt stock on their balance sheet and the funny thing most of the debt and debenture stocks are convertible instruments which means at maturity the holders of these instruments can elect to convert to preference or ordinary shares

So who is Soludo fooling?

MyPeace:
BTW, if I am the architect of my life who is the builder??

God is the Builder. You first decide/design the direction of your life, then God lead the way, on the otherside, if u decide/design a wrong direction, DEVIL leads the way. So up to you!!

Make we take this discussion go somehwere else!

If I have to decide then I am on the wrong path. There is a way that seemeth right to a man but the end thereof is, I am the builder. That's why I need to be careful what kind of material I use to build.

Hope we will not be banned!

RoughCut:
Can you believe this Soludo guy? i have just read a report where he was quoted as saying that CBN will not allow any more foreign take-over of domestic banks and that there would a cap on the equity stakes by foreign investors in nigerian banks.

My question is how are the banks supposed to compete on the global stage if willing investors are limited in what they can invest in these banks ? the truth of the matter is there is a limit to which these banks can continue to raise funds from the local capital market (no wonder Zenith has approached the market 3 times in the last 4 years)

Foreign take-over, yes may be that needs to be disallowed at least for now but putting a cap on the amount of capital offshore investors can invest is non-starter for me.

I hope this guy has not overstayed his welcome!!
na wa o

MyPeace:
Roughcut, l don't have that share, as u may believe.

RoughCut:
May be i will keep my ACCESS then.

To matters in hand what say thou about Transnationwide express? have you made any headway i don dey beg Mypeace now she no gree answer me again

RoughCut:
Na true true you talk my brother i have made a lot of money on this stock since 04 from N1.65 but somehow i don't think its the fundamentals that's driven the share price to where it is today. The funny thing its my first stock on the NSE and its the single largest holding in my portfolio may be that's why i'm getting frustrated with them

First bank is the big elephant in the equation i have decided to ignore not my cup of tea

dollarmani:
Guys,

We have not seen anything yet ooo. I read today in the news segment of the nigeriansecurities website about govts proposal to fund their cashcalls through finacing from NIgerian banks. Can you imagine what $10Billion in a loans provided by Nigerian banks will do to the income of all this banks. I have had people ask me where the income of bank's raising this huge sums will eventually come from. There you are.

As regards insurance, i believe this is the time to buy insurance shares. They do not have a choice but to shape up to take advantage of the local content policy that forces multinationals to cede currently about 40% of their insurance needs to local companies. The plan by govt is to get it to 80%. Jimoh Ibrahim willsomehow eventually settle for something that will not disrupt the sector. So much is at risk for the rule of law to take its course here. It is what they call here in America "Matters of National Security". An Uncoventional
approach to setllement may be resorted to here.

UNIC

Unic has some serious technocrats who understand insurance. They are at this time refocusing and working hard in their pioneer status in the health care insurance business. They are taking a deliberate approach in building life, health and oil /gas portfolios.

Geees:
Am wondering why you are interested in Chellarams Wanaj0. Share the news,

From what i have seen on their web site and my little knowledge of the Lagos market at least they should be making huge profit, because they are marketing abi distributing all kinds of products. Close to a conglomerate. No definite focus which I think isn't too good sha.
But they are shrouded in some mystery no financials on the web site which would make me not interested in them until they get a bit more open about what they are doing.

They sure are a coy to watch

RoughCut:
Doesn't look like ACCESS is going anywhere at the minute

nazzyon:
Is there any perfect explanation Oceanic Bank's falling?

RoughCut:
Correct me if i'm wrong this share reconstruction for bank PHB is not technically a reverse split there was a merger between habib bank and Platinum and they exchanged the shares between the two banks' shareholders in the ratio you mentioned and that's how bank PHB came to be. Check again there was no share recosntruction.
ACCESS did a share reconstruction 2 for 1(may be as a result of the banks they acquired) by doubling the price and reducing in half the shares outstanding so that way the shareholders do not see a reduction in the value of their holding this is is no way comparable to the situation with habib and platinum

shigidi:
wanajo if they are so hot why will you allow a po pass. this coy. looks hot

pumping777:
You are not the only one at all but getting the stock is another matter. Only 15,000 units were sold today. I've given up looking for the stock after 2 weeks of trying.

RoughCut:
I think they will mark down the price by the amount of dividend they are paying which is N1.00 so if you have made more 100% on the stock since the PO then i'm sure you can afford to live with selling your holding including your bonus less the dividend afterall the dividend is going in your pocket by the way

So nothing lost

pumping777:
Well, Oando is on course. I remain loyal.

RoughCut:
Make sure you receive confirmation of your bonus before you sell so that way you have more to sell and of course your dividend. Did the same in anger

shigidi:
@ wanajo,
diamond at 30 naira is a bit optimistic in my book. their forecast eps is 1.2, and lets not forget they are still planning a po.
maybe 25naira will be better.