₦airaland Forum

SavvyLanre:
What was your conclusion? Any link to NSE? Though, this is about the US Housing bubble. And, the smart guy that bet against the direction everyone else was going.

Oh no, nothing linked to the NSE. I was just terribly impressed that's all goes to show how good 'ol research can pay off (as opposed to going with the herd . . .)

easimoni:
@ Wendy,
congrats per the Patriots! I hope Brett Favre slays them in the superbowl and then rides off into the sunset.
I may be able to get my hands on my boss' copy. What/where should I look out for?

Yes! GO PATRIOTS!!! _{but wait oh, i thought you were a colts hommie?}

Look at the A-section of the WSJ, front page -- nothing to do with naija stockmarket though . . .

pumping777:
I have looked at every scenario possible and I can't see on good reason for downgrading UBA from a BUY.

Another story. We need to take a better look at the impact of the nominal price of stocks. If one looks closely, you will find that the stocks that have appreciated the most this year are fundamentally expensive stocks with low nominal value.

Check out Oasis insurance and some other insurance stocks. Wapic has moved from N7 to N11 (about 55%)  since the insurance funds were released but stocks like Oasis have done more than 100% with no fundamentals to speak of!!!

Everywhere I have been looking on the NSE, it is the same story.

True, true, true!! But what do you care? Just take advantage of the madness and ride the bull   IEI in the last quarter of 2007 was such a money spinner with terrible fundamentals, same as companies like first aluminium and livesstock feeds. It's a crazy market innit?  

Rob-roy:
Windywendy,
I have a special question for you. Could you kindly help me ( and other affected parties) use your resources to find out any news about Union Diagnostics and Skye Shelter fund? There has been now news whatsoever and that is hard earned popcorn they are playing with. Thanks in advance.

Dun know nothing about Skye Shelter Fund. As per Union Diagnostics, spoke with someone who informed me that they've submitted all their papers to the SEC (or is it NSE) and fulfilled all of the requirements for listing. Said that the reason it's been this long is that they (SEC or NSE) kept asking for more papers back and forth. All things being equal, they should be listing March/April at between N3 to N3.25. The PP was oversubscribed as you already know, and they're absorbing everything. I was like   , but then whatever . . .

By the way, did anyone see the John Paulson story in today's Wall Street Journal?

FatherOF2:
My sister somehow something don dey tell me there's more to this thread than meets the eye.
Mention one stock and you when want am no go get.E be wan worry me early december for PHB.Na God just bring christmas come.

Ok o, no problem. Greet the pickins and dem mom.

I'm off.

FatherOF2:
You be VERY SHARP LADY. No wonder breeze dey blow for my ear.

Thank you! And you sef be POLITICIAN See as you take style avoid providing the name of the conglomerate in question. Abeg make you say the name of the conglomerate na. Abi you think say na for free I take answer all those tough questions

grabdaloot:
@windywendy.

I'll try and do that for your sake because I wasn't really interested. I work in the petroleum sector and that is one area that is going no where fast. As long as we can't refine and the market is regulated there won't be much profits for the marketers to make. However the news of the Eterna oil just made me think of FOF2 and his earlier recommendation. Made me wonder if he was truly Ndidi's PA. I'll have the full details for you on Tuesday latest.

Thank you, thank you, thank you, thank you!   I'll be waiting eargerly _{and did I remember to say "thank you" again}  

FatherOF2:
Why you no say UACN.

Hmmm, UACN is cheap no doubt, what with a forward PE of <18. But at the current price, I don't see too much upside for the stock (i.e. if one wants to trade oh). Also, they've done an interim dividend of 50k so the final payout may not be too enticing to lift the share price that much. Besides, results won't be out until late April at the earliest, So Unilever will most likely rally before this one. For Unilever, the coy has been in the doldrums and with the turnaround this year, they're definitely going to do something relatively good for the shareholders. So that anticipation will give a better upside than UACN. That's my take though, and it may be completely wrong but then again, it may be absolutely right

FatherOF2:
Even if na Unilever(no be say na e oh). I ask TIME DON REACH.

Na unilever jo!

But that your question hard small. The company has turned around but is still quite expensive. Me ordered in December at 19.5 and will be looking to sell at 26 or thereabout, which is where I think it might peak out. But the stock seems to still be taking a beating, so whether or not time don reach will depend on the returns you're looking to make. If you're happy with 10 or 15% return, then I'ld say maybe next week would be a good time to enter when it bottoms out from the current downward trend. Results will be out in March, so rally might start toward Feb. ending. Over to you!

FatherOF2:
@ BLOW007

3-6months is not long term oh. 3 na short for me. 6 na medium. Long na from 1year to when your first pikin born.

Split your N2m into 3 places. N700K,N700K and N600k.

Put N700k into 1st bank on Monday.
next N700k will be directed to one bank which i will tell you in 3weeks when its due.
next N600k i[b] will advice you put in one Conglomerate very shortly(like 1 week or 2 as month one end).its not LEVENTIS OH.[/b]I'll inform you.

Just send reminder here in case we forget.

It's UNILEVER. No secret there

@grabdaloot: did you reconfirm the story on Eterna Oil?

wanaj0:
The analysis can start now.

No point. Money has gone out the door already!

wanaj0:
Turned in the first batch of the CHAMS offer via UBA Stockbrokers who asked UBA global market to allocate and give a written undertaking for 20m units. The way UBA is handling the thing, there might be over subscription. Not sure thay had control over the units being submitted. Blocked 2m units for me and my friends but we exceeded and gave them a post dated cheque for 15th of January.

Actually I think they do. My source in UBA GM said that the issuing houses each have their allocations and will be meeting every week to guage how far things are going. Their objective is to avoid oversubscription and having to return monies. So once each exhausts his allocation, collection should stop. Now having said that, I won't be too surprised if one or more of the issuing houses doesn't abide by that. Afterall it's free money walking in the door, why turn it back when you can use it to trade? I hope they would be scrupulous enough to not do that! But somehow I'm trusting that UBA GM won't do that.

Na wa oh! This thread is something else. Less than 24hrs wen I log on and more than 7 more pages!

Oga Wanaj0, which analysis you dey wait? No be you talk say "no analysis paralysis"? Me don commot for that side long time ago. It's a good offer, and yes I've turned in my application. Those UBA guys try for me well well. They were even willing to wait beyond the Monday deadline they gave me, and agreed to accept my application online while awaiting the cheque from my broker. Anyway, that one's done.

As per AG leventis, I'ld say "yes" it's good at the current price. I tried re-entry today after selling a few days back but no show. Thought twas going to fall another 5% today.

Na wa for Transcorp oh! I remember when they were doing their PO sometime ago and I told some folks who were planning to invest to beware. One guy nearly bit my head off, even calling me unpatriotic, bla bla bla. Sentimental investing can be terrible! Well after a while I just had to shut up, abi na my money? wetin come concern fish with raincoat na?   Someone told me recently that he's still averaging down Amazing!. Don't know why anyone would tie money down there when there are myriads of other opportunities screaming to be picked up. But then again, the risk may end up paying BIG TIME.

@all: can anyone with the MTN prospectus post it? Can't seem to find it anywhere online. Thanks.

Good weekend everyone!

hispy99:
On Acorn, you guys no see say Prof. Peller is one of the directors ?

kai, una no go kill me with laughter for this place! Me think say prof. peller don retire long time ago. So na business im come set up?

Oga Pumping you sef see am? They're going to grow EPS from 2kobo to 27kobo within 12months, yet the length of their shortest project to which they would apply the PP funds is 12months? That one na abracadabra or business Abeg make we move on to other things jare! I wish them plenti plenti success.
Enjoy!

Greetings, greetings, greetings Ladies and gents of the forum! My schedule is twice as busy in the first 6mths of the year as it is in the second, so keeping up with the forum is quite a challenge. However I'll try to post as much as I can.

Just looked through the Acorn Oil PP prospectus, and I have just two words for anyone considering putting their cash in: DON'T BOTHER! I was however impressed that they included a projected CF statement and balance sheet -- this is something I ordinarily have to do myself in analyzing other PPs I've looked at. But from my perspective, the company's future isn't looking exciting at all, and the projections are too too too unrealistic. With Chams for instance,  I also thought the projections were not 100% realistic but even after discounting them by more than 50%, I was still getting interesting valuations. With Acorn however, just reading through the prospectus and crunching the numbers made me yawnnnnnnn continually _{i'm even still yawning as i'm typing}   The pitch is not just compelling enough. This is coupled with the fact that their margins are too slim and growth appears limited, especially with all the other muscles in the sector. No show jare.

Hot-off-the-grill news: Emerging Capital Partners has invested about $35m in Ocean and Oil, the company that holds 32% of Oando. Yet another sign of goodies to come for the NSE, which incidentally is beginning to feel more and more like an ATM _{and windywendy is seriously liking it . . .}  

Laters!

esco399:
Go Patriots! Go Tom Brady! Go Gisselle Budchen (His Model Girlfriend)    (I've never even lived in any of the New England States , visit sometimes though)

Anyway, I just got my First Bank Refund Warrant, (maybe some already have theirs) , Couldn't have come at a better time for me, Every kobo is being reinjected into the NSE (secondary market ofcourse)

Thank you jare! Easimoni, see I don get representation already. Bet your colt supporters have deflected to the Man-uu camp somewhere in boring ol britain  _{Pumping777, watch out!}

@invisible: I doubt the current bear run will last, as more companies will be releasing results soon. Insurance coys will be releasing results around april/may (going by the timeframe within which 9mths results were released) and the sector will most likely rally in anticipation of that. Be patient.

@Pumping777, you wan patent "No Shivering"? that phrase has been around from time time before before na   Any attempt to patent that which has already been patented constitutes treachery of the highest degree and will be met with the most severe and hitherto unprecendented consequence ever known to or imagined by the human race   _{remember philly is not too far from anywhere}  

pumping777:
American kini I'm yet to figure out when they start "fighting" and when they "stop" and for "what"!!!

When we stop discussing sports and move to warfare I will consider them.

@easimoni - manning and colts ke?? Dat na Cartoon I go check for Cartoon Network  

MAN-UU-FOREVER!!! Check it out at the nearest better sports channel near you.

Chei!! You no go kill me with laughter o!   Warfare?? Ah! Colts na cartoon?? Kai, you don finish dem patapata! Which sports channel carries man-uu? Must be one of those boring british ones abi  

easimoni:
Wendy,
you've sold your soul to the NFL! And to the cheating Bill Belichik! I no blame you jo! NFL sweet, but forget the Pats, na Manning and the Colts be the "koko"

On a more serious note, I am trying to get in on the Chams deal. My guy in Lagos is bugging them at UBA GM to take "our" cheque. Will see what happens.

Colts Ko, Colts ni Just because we (the PATS) let you beat us in the last superbowl doesn't mean it'll happen again. We were just being magnanimous back then . This year, NO SHOW!!

bigjay01:
I didnt know I had to. called my contact on sunday in prepation for monday. Was in a meeting all through the day came out of the meeting saw a few missed calls from (. . . ). rushed frantically and instructed a cheque to be sent in, by the time i finished, str8 on the laptop, broke the news to the house (at least in enough time to fill out a form and get cheque sent in). Wanaj0 thought i was having a laugh.

the thing even take me by surprise, I was hoping to take my time and go for the jugular, I missed the jugular but it landed below the belt.

Hehehehe, funny, funny funny! I guess your "james bond" performance has paid off big time! watch out for interswitch, might be another juicy one  

easimoni:
My sources confirmed the same thing. It closed the same day it opened. some big boys had their cheques ready. 

Oh No! Can't believe you missed this one  . Try calling the other 3 houses to see if they've exhausted their allocation. If no show, I hear Interswitch PP is coming out soon. That should be another one to watch for.

@invisible: Nice to see you posting after that my post to you from before before  . When I didn't see you posting for a while after the post, I been don dey worry say I don offend a dear brother. Anyway, no shaking _{sorry no_shaking, no intention to use your screen name}

@loma, your friend's post on the PP for Chams would make a lot of sense if the company's past is going to be the same as its future. Read the prospectus very well. The main catalyst for growth is the CAS terminals to facilitate online banking and bill pay. Not too sure if the online banking will be a huge lift as most banks already have ATMs, but the bill pay will be the hit. Are there risks? YES, YES, a thousand times YES! But that company's future is going to be RADICALLY different from the past. Watch out for the cash flow statements in future. I don't even have the time to go into the potentials that will open up once they're able to interface their CAS terminals with Visa and Mastercard, which are already being rolled out! That's the "meat" of this offer. All the other stuff like the huge government contracts, etc are just what I'll call "extras". Plus the fact that they'll be listing shortly after the PP closes, creates an opportunity to exit if you're not happy with the company's performance in the future. And if I might add, you'll be able to do this with a handsome return. That just moves this PP from Juiccccyyy to yum, yum yummmmyyy   .

@all: Yes, its possible that the PP is closed. I got my invitation to participate yesterday, and even as I was on the phone speaking with the guy, he said the response rate has been CRAZY! I've been given one week to pay up or lose it  . UBA Global Markets are the folks you should be speaking to. They're trying to avoid over-subscription. But there's a waiting list though, so perhaps you can get yourself on it. Alternatively, you can call the other issuing houses and see if they've not exhausted their allocation.

@AKtopgun and Pumping777: was just reading your posts on Man-U, Arsenal and Co. Funny! Forget Man-U, Forget Arsenal, forget European football!!! American Football ROCKS! and New England PATRIOTS RULE!!! _{man-u bow, bow, bow!}

Chams! Well what can I say? With the way I was talkin’ talkin’ talkin’ this weekend while jumping up and down in my seat and doing all the hand gestures, my hubby just had to conclude that any deal that gets his wifey this excited has gat ta be made in heaven!   Amazing, amazing amazing! There is one BIG risk though, pay attention to page 45. oh oh, my boss just came in gotta run, Will give my analysis on this one later today.  Bye guys!

@ Easimoni, forget orient, this one's better.

Octupus:
@Windywendy.Quoting you:
Not good enough ma.Next time share with the house whether it’s a hunch/rumour or confirmed. You never can tell,someone in the house may be in a position to confirm and spill the true gist for all to profit.

Not good enough ke? By whose score card na? I DON'T make recommendations based on hunches, so you can safely forget about that ever happening.

@All, just thought to upload the Chams PP memo before going to bed. Def something to chow on this weekend. Already 100% underwritten . . . Amazing _{who no like beta thing?!}. See link attached:

http://www.megaupload.com/?d=OJRTQYTY

@easimoni, pls hold off on the Orient PP. Doesn't look realistic. I'll take a better look this weekend and let you know my thoughts further.

Also, the chams pp is out! JUIICCCYYY infact just reading the prospectus is almost making me dance in my seat right now . Ends second week in Feb. Will share further next week.

Wonderful weekend everyone. Don't forget to spend quality time with your families!

pumping777:
My radar is empty short of UBA_{and maybe Guinness}. I emptied around 50% of my portolio this week and I'm also looking for deals but I'm not seeing anything sweet  .

I know there must be some good stuff so I'm going to spend more time looking over the weekend. The current prices are just scary. If I get any weekend jist or lift off some dust over my eyes I will share my post here.

Pumping777, thanks for taking the time to answer all my questions.

Don't worry about opportunities. If what happened today is anything to go by, I'll say some opportunities just opened up and will be available next week.

invisible!:
I am surprised at the turn of events here! sometimes in early december that i mentioned i wanted to cycle into unity bank, some gurus here said there was nothing good about unity bank, that they will never touch it with a ten foot pole.

When i mentioned that i made a fast 40% in the stock in three months, they still told me the bank is as good as dead. They told me i was being sentimental and will make a mistake because i got lucky last time.

Thank God i didnt listen, went ahead and bought me a few hundred k units, and see how una dey praise the so called dead bank!

Na me go sell to una on monday I will offload my unity bank on you guys  

You this man, make you take time oh! Apart from bigboylarry, no one has a crystal ball to tell exactly how a stock will perform. At best, predictions can be made based on fundamentals and maybe some technical analysis. Eventhough I'm not one of those who responded to your inquiry, my guess is that at the time there was nothing exciting about the stock then. The peeps who give recommendations here can only do so based on whatever analysis is available, and if I might add, that takes a lot of work and a generous heart. Sometimes they'll be right, sometimes they'll be wrong. But it's all done in good faith. So make you no lash out at any so-called "guru" for doing their best to provide answers to your inquiries. Abi you dey pay them salary? Oya apologize na na!  _{smiling, but angry}

bigjay01:
@Madam

which means u got this gist and kept it your yourself?

u worry oooooohhhhh

filling out my mandate as I am posting (LOL)

Ah not so o! You know how things turned around ever since the show spoilers _{actually meant to say} "silent readers" came on board   _{(referring to the silent millionaires and billionaires that quickly gooble up any stock mentioned on this thread . . .)}

Anyway, seriously, this was a hunch. There had been a rumor last year that the bank would be doing a PO and just while browsing the NSE earlier this week I had an inkling something could be up with these guys. Checked up and found that the rumor might indeed be true. I would have shared anyway but you know I can't come here and be recommending stocks based on hunches or inklings na