₦airaland Forum

aktopgun:
seems like a different price list has come out on nigerian securities. they have it that longman lost 5% today but cashcraft records it as gaining 5%

who can confirm the "real prices". i am inclined to believe nigeriansec because of my experience and my conversations with them

try zenithsecurities.

http://www.zenithbank.com/pricelist.cfm

chei, looks like ABC took a hit today. Didn't see that comin' . I guess tis going to be a case of waiting for the dreaded profit takers then before the journey continues.

blueband:
I no read the thread .Chei them don list am.Good.I no too lose na 8.70k I buy am.Make profit takers finish make I see where e go rest.Thanks wendy.I get work tomorrow.My oga boyfriend break him heart ,so the guy dey displace am to me.Yes MY OGA BOYFRIEND! Na so we see am for obodo oyibo so make me sef log out go prepare for work tomorrow.To dey go work now sef dey fear me,I dey fear get belle!

chei, your oga be "batty man" 

Oya quick, quick, make you log off go sleep. Me sef go soon waka commot.

ACL:
the other broker could not get adswitch since monday.
maybe i should wait on deap then, i don't want to do CICO again before i get heart attack. i never born o. make family no come share my long term stock as for will.

i think i have to log off to enable me do NIGHT VIGIL for these my 2 broker.

Adswitch no dey available na. Abi you sef no dey look daily price list . Abeg no blame the broker jare, na you dey order scarce stocks. If the stock no dey, the broker no fit thief am na. Look for stocks that are available

blueband:
Deap Capital full ground.Ask your broker to get it for you tomorrow if you are keen on it.It is on offer right now.But it is a risky buy because [b]they fit come list the extra 500 million shares them dash people recently and profit takers to come set in.[/b]Na long term for me and I am banking on their PO to use up my rights.It's a company I believe in though.

Them don list am already na. Abi where you bin dey since?

ACL:
windy

my broker got

UTC   at 7:23

C&I   13:776

Niwicable   13:12

after have forgotten i gave the purchse order.

anyway am trying to shop for a new broker that can do CICO.
but i need help on when to get in & out.

What were your objectives for getting the stocks in the first place?

UTC closed at 8.25 today, and from the looks of things will likely gain max points tomorrow. So hold on and sell at the end of this week if you don't like it.

CI leasing, hold for a few more weeks, it would cross your cost price and you can sell if you don't like it.

Niwicable I think is experience temporary turbulence that I believe won't last long. From the looks of things though, it will most likely fall tomorrow. But it will pick up again very strongly after profit takers finish their song and dance routine.

The alternative is to sell the stocks at a loss, which is neither necessary nor optimal.

Mr. Risky:
Only few things are as painful as this, ACL. It has happened to me several times. It would look like they were watching me to sell. I sold my 150,000 units of Japaul at 7.93 post TS and the following two days, it was on BID till it rose to where it is now. Same thing with my C & I Leasing with the other yeye brokers, 100,000 units at N9.60 and it went on bid the following day and today it is N13 plus, and yet I have not received the money Sold my STACO, 100,000 at N4.50 last month and before the end of that week it started gaining maximum points until it got to N6 plus. I had held it for 4 months without any substantial price movement. At a point I thought I was under a spell. I discharged my NGC at N26 last two weeks, what is the price today? N30 plus

Mr Risky, Mr Risky, Mr Risky! na how many times I call you so?

If you keep looking back and regretting, you go soon find yourself on Aktopgun or blueband's couch doing the infamous counselling sessions o! If you sell a stock shortly before it starts rising, then buy another one na. You simply just learn your lesson and move on. That's how we get better and better at this game each day.

ACL:
windywendy,
i envy this your CICO moves o.

is it just your superman broker or what else do i need to make this loot on NSE.

am using 2 broker and i still don't get to do CICO
what else do i need to learn ?

Ah yes o, the broker is a key part of that strategy. Otherwise you can forget it because from my experience picking cico stocks is easier than getting in and out at the right time. For instance, i gave a mandate for the purchase of poly product (yes, the infamous poly products) and vono to my other broker last sunday, to be executed on monday. Monday came and went, no show. Tuesday still no show. I cancelled thereafter. How the prices have gone since then is history. My plan was to get in and out by Friday due to the riskiness of the stocks. That "other" broker (i shall not name names  ) of mine spoiled my show and I eventually had to move my funds elsewhere  . They're however good at getting me available stocks, and their charges are cheaper. So I use them only for my medium to long term moves.

My broker was just telling me that there were unfilled bids of over 16m units of ABC at the close of trading today. I guess the stock still has some place to go. @Dollyp1cute, na to siddon relax be that o -- you're the only other person I know that has it.

Meanwhile a broking house came and sold some large chunks of Livestock feeds today. Despite that, the price didn't take a lot of dipping. Looks like peeps are mopping this one up o. I sold today anyway.

blueband:
My day today

Went to work by bus today.On my way back this night bus was filled with Nigerians and you culd hear them(sorry,us) shouting "sho" ,"I bow for you o", then one shouts IGZAKTLI, (actually she meant to say "exactly", it just reminded me of Lagos.That is Thamesmead for you.Welcome to Nigeria.On getting home I had been summoned to appear before the magistrates for not paying my council tax on time.In the interim them don fine me extra 100 pounds.And to make matters worse on opening Nairaland,I had to read through 5 pages to get here!!!!!!

Wendy,the guy you interviewed is right.You only give references when you have been offered the job.How will it look if your employer keeps getting requests for references for you when you are still working there?Sooner than later you will be sacked, we are offered options to send referees after we have been offered the job.Be kind on the guy,biko.


This 100 pounds fine still dey vex me I swear!

Abeg go pay the 100 pounds before the thing go double from not paying the tax on time o.

No mind the guy we interviewed o jare. Even if he didn't want to give references for fear of his employer finding out that he was currently seeking alternative employment, there are better ways to put it  na? The way he put it left a real sour taste in our mouths. Anyway that was his own undoing.

LondonCool:
@wanaj0,

Thanks for the info. I did not give them any instruction to sell my FCMB shares O.I have not received any contract note for the execution of the orders from Afrinvest.I don't know how many Dunlop shares they bought, how much they bought it for or when they bought it and they couldnt even bother informing me about it. I will be migrating to Fidelity Union/ Citi Invest Cap soon, not used to being treated like that. Mike Murdock did say that its better to "go to where you are celebrated instead of being tolerated", and I was even thinking of sending that Susan a designer perfume from Harrods

Awwww, so she's lost the opportunity to wear Harrods designer perfume. O ma se o see how costly sloppiness can be . . .

I see you're a Mike Murdock fan eh? My hubby is one too. Me prefers copeland.

Mr. Risky:
This THREAD is most entertaining in addition to the prospect of making dohs, hence people are kind of attracted to CICO.  It has its own obvious DISADVANTAGES as you must LIVE on information, and RELIABLE information at that, otherwise, you are sure to have WAPCO injury.  Yes, at times when you compare the returns in addition to the labour, you would find that there is nothing to write HOUSE about

Hehehe   Are you sure you're not just venting because your broker is a show spoiler when it comes to cico? Talk true   _{just kidding}

Anyway, like you said, all of these methods have their advantages and disadvantages.

pumping777:
Banks. Looking back at this year, none of the banking stocks has been fantastic so far.

It could be this December year end that is part of the problem. The interim results are just not making any difference even when the results are fantastic.

Any issue is the relative high nominal price.

Another factor is all the PO certificates that are being listed for these banks which is driving down the prices.

What would you then say of the petroleum sector that seems to have outperformed the banks then?

invisible!:
@windy, I am starting to think that the investing public are not happy with what IBTC announced so the huge volume and eventual price loss.

Dont you think this scenario will play out in many other banks since december is still very far away? I am wary of buying more bank stocks.

Unfortunately I don't know too much about IBTC but I believe the bank has some really good potential. 9mth result should be out anytime soon and the investing public might change their minds when they see the result -- I expect it to be good.  Not too sure of valuation though. From my perspective though, the fruits of the stanbic merger will begin to show up in their bottom line from this year. And since this year's result will not be out until sometime next year, I'ld say right now would not be the right time to buy a stock like ibtc --  not because one won't make any money, but because the money can be better put to work elsewhere, especially since the market is generally bullish. I guess the same reasoning should be applied to all bank stocks. Timing is of the essence, _{in addition to other things too numerous to mention}

invisible!:
This short timing sef! Or maybe its still too early to complain but I started the year by fixing a particular list of stocks as a long term portfolio to review it by end of Dec 2008.

Then I made another list of the same stocks and started practicing all types of CICO, RORO, SIRO etc and has been making fantastic returns, sometimes 30% on some stocks, excellent fast moves as I thought.

Today something told me to review my activities so far and compare the value of my two portfolios. Lo and behold, my long term no trading side has done 42% this two months, while my fast CICO portfolio is trailing and is only 18% up, haba I dey go up or am I going down? Is commisions for frequent trades to blame? Is it too early to complain? My broker is an angel in all these, selling and buying like he is Musa Al farki!

What has I done wrong or do I change tacticts this early in the year? Bought Leventis and UTC around 3.85 each and jumped out around 6, now see all the money I left on the table.

All the CICO experts , you better talk nowoo or don't you guys compare two portfolios to know which system works and which don't?

I don't claim to be a cico expert but here's my take.

There's definitely a case for long-term investing, but one has to pick such stocks very carefully. For instance, I bought AG Leventis at N3.45 around September 26 last year. At today's price, the stock has done over 340% gross in just 5months (i'm using gross because commission charges vary with different people). With cico, one would have to do about 35% per month compounded (you do the math, i no fit explain am for yinglish language) to get that type of return. Is this possible? In a bull market, maybe, but it's a tall order however you look at it. Having said that though, there are some other stocks that if one had bought and held for the same timeframe as that of the AG leventis example above, the returns today would be almost nothing to write home about. IBTC comes to mind. So the trick is picking the right stocks at the right time and holding for the right length of time. And that's the reason I generally prefer to buy and hold turnaround stocks, as long term returns on those ones generally far outweigh the returns you'll get from cico-ing, even when compounded. For most other stocks, I trade -- especially when the market is bullish. My opinion though, plus all the caveat types apply  oh,and PPs are exempted because those ones usually come at give-away prices (you know, buy-1-get-5-free type thingy  )

wanaj0:
Where is the Green (or na white) flag and the olive branch

No mind the man o!

@loma, no be olive branch or white flag I talk? Which one you come dey na?

samstone4:
Perhaps it will take some changes at the top of UAC before we reap the bounties - to use Nairalander language.

Samstone4

Are you thinking what i'm already thinking??

VOTE SAMSTONE4 FOR UAC CHAIRMAN!!!

Thanks for the insightful comment! You're very right. I wonder how a rights issue will dilute UACN's stake in uac-prop. Won't the rights issue be proportional to existing shareholding?

wanaj0:
had a friend who started investing on NSE buying Poly products, NCR etc some years ago. After watching the price not moving he gave a sell order no buyers!!! na so I just advise am make the wife place a BUY order as him dey place SELL order!!!! The wife no go no say na family cross deal!!

Pastor! na you dey give this kind advice? No be market manipulation be this?

wanaj0:
Check Beta Glass PAT for full year

2002 714m
2003 541m
2004 162,6m
2005 XXXm
2006 381m
2007 514 (9 months)

So the 2007 PAT will likely equal 2002 figures!!! So they are just recovering to 2007 levels!!!!! In 2002, not sure that the price went past 10.00 that time!!!!

Eh but the market has changed significantly since 6years ago na. Multiples are higher now due to a myriad of factors, including the new and improved political environment which is very attractive to investors. The fundamentally sound stocks are few and there's a lot of money chasing such stocks. Even fundamentally unsound stocks are beginning to catch the investor's eye. It's a different world now  

Haba, how can you compare prices from 6years ago? Someone was telling me that there was a time she could fill up her gas tank in ibadan for 40kobo. I was like   . It's a different world now indeed.

wanaj0:
First check the number of shareholders that they have!!! that will tell you something. Also check the institutional investors who will not sell except a major divestment (Delta State, Leventis etc).

Soon you go talk say Afroil and Capoil are liquid stocks based on huge volumes betwen husband and wife

No be from my mouth you hear that one o! But wait o, volumes between husband and wife ke? If that's the case, then it looks like they ran out of steam today   Anyway, I no sabi o.

aktopgun:
yeah true but between how mant people?

yeah, you got a point there. But I didn't have any problems at all when I wanted to sell late last year. My broker was able to sell all my units in one deal, and the units were quite many. Seems like the stock is liquid on some days and illiquid on others, maybe.

wanaj0:
sound, good board, good managemnt but not a liquid stock. they just finished repairing their kilns but turnover is shrinking which to me is an issue for the Long term.

You sure 'bout that? Check volumes and values for last year. Agreed, sometimes it trades thinly, but there were several times when millions of units changed hands o.

pumping777:
This jist nearly stopped me from buying Beta Glass at N14 last November or so. I was waiting in pain for the Q-3 results and when it came out, it was fantastic and the price quickly moved to N22 and finally the current price.

There are unconfirmed rumours that the FY was also great but I cannot verify the source.

Yes o, I got at 13 sometime last year and then sold off after it gained significantly. I honestly wasn't moved by that NAFDAC news, it would have been a tough one for them to pull off. Those AG Leventis folks (who happen to own beta glass) no be moi-moi o, those guys would have fought back seriously. I tried to get at 23 again today, but no show. It's a fundamentally sound stock.

Huckabee:
The Lord's greeting to you folks. Seeing as my opponent won't agree to a debate, I took some time off to say hello.

Personally, as some of you know, I did not major in Maths (or fundamental/technical analysis by the way), I majored in miracles.

Hence I choose stock by divine inspiration.

LOL!!! Aren't you supposed to be busy with your campaign against the elderly mcCain? Wetin you dey find for NSE?

_{I bet my last dollar that this is easimoni.}

wanaj0:
Apologies, I lump the property and mrtgage companies together.

UAC is a part owner of 1004 and they've tied down money for a long time with LASG governemnt not allowing them to do anything!! So they are not getting anything from that Investment. they also bought Festac hotel. Issue is property investment takes a long time. Check the track record of UAC-P and you will understand. No bonus since they got listed. Only platry 35k dividend every year. capital appreciation is also not out of this world compared with other stocks.

Wanaj0, I thought uacn bought out LASG's stake in 1004 last year?

dollyp1cute:
No now, it is still on my watchlist because as you know even dry bones do rise again  

If it drops another 15% I may even make an exception and gamble  

I think Capoil still has buyers 'because folks are still buying it thinking it is Capital Oil and Gas.

@Windy, oya defend Afrooil, why are they still dropping despite moving into shining new headquarter, na headquarter we go chop  

Kai, which one be Afrooil again? sounds like hair cream  

Me no know why afroil is still dropping o, the market dey craze sometimes  . Maybe it's dropping because Mr. risky wants to buy. By the time his broker's son finishes celebrating that im birthday, afroil will be just about ready to be picked up   Abi I lie?

SavvyLanre:
BTW - where is no-shaking, BigboyLary & Fof2.
Fof2 commot from your hiding o, otherwise i go vex for you. i get 1M wey dey idle because i never hear from you  

E be like say Fof2 don vex commot o! Guilty conscience don dey worry me sef and I dey miss im posts.

Oya quick @loma, since na you get all the fine-fine cartoons wey dey this site, make you find one correct olive branch or white flag take give Fof2. That na my peace offering -- with love from windywendy to Fof2 via loma of course  

RoughCut:
Mckinsey is American and one of the top management consulting outfits in the whole wide world. Guys like that don't come cheap i tell you for a fact so if Tinubu and Co have hired their services they must be pretty serious about corporate governance. They are probably paying the consultant £1000+ a day. That is not yam!

Oh yeah, I know mckinsey very well na. I get buddies there. Those guys have a good rep o. Na the reason I dey ask Wanaj0 why he thinks oando has corporate governance issues.

BTW, which planet are you on as we speak _{seeing as you're always on your way to catching one flight shuttle or the other}  

dollyp1cute:
I just found that as well and from the look of things the Capital Oil and Gas which is not listed on NSE is even more viable i.e. we can validate that they are indeed in petroleum business.

My question is how have Capital Oil Ltd (the one listed on NSE) used the so called money which was pumped in last year , nobody seems to know o _yet

I suspect they are selling Adiagbon a.k.a coconut oil  

LOL!!! Chei, you wicked sha   . And I was just trying to comfort those who got caught in the last blood bath o. _{Thou wicked show spoiler}   But don't be surprised if that stock begins to rise as from later this week or next. I won't be at all.

As for Afroil, that one is real sha, they even just moved into their new HQ. At least, that I know.

dollyp1cute:
Because there are more sellers than buyers.

That and Mr Risky factor.

Talking of NASCON, when are results due?

August most likely. And they already mentioned last year that they'll be paying a 60kobo dividend.

wanaj0:
from what I am hearing there is misatke of identity. The company covering th eastern market is said not to be listed on the NSE!!!!

But I heard that the other company is upstream na, while capoil is downstream. Abi?  

wanaj0:
If you have a real agbero broker, fire your order for Oando at MARKET to him/her right now!!! It will do you well both for CICO and even for the Long Term. OandO will soon ask to have a separate sector for it on the NSE with two companies. the marketing (less profitable) and the upstream. Now is the timen to get in before the split. They will also do a PO soon and you can be sure, for an oil company they talk in dollars so expect a similar MTN type of thing. With the recent acquisition ( i only hope Tinubu no go wake up and say na Ocean and Oil buy the bloc), you can be sure that na money spinning. Add that to gaslink supplying gas to Lagos you have the first integrated energy company out there.

Major risk is corporate gorvernance. Not sure that Tinubu and co will not do a yahoo yahoo!!

But why are you worried about corporate governance? I happen to know that Tinubu, Boyo and co don't take that corporate governance thing for granted. They hired some peeps I know from a consulting firm called mckinsey to do a lot of re-design and controls strenghtening stuff for them recently. Abi am I confusing them with something else?