shigidi:

@ wanajo, what was your take on that result from university press? not bad ehn? however, loooking at their five year records profit seems to fluctuate, doesnt seem to grow steady.

on another note just thought id let evry1 know i was watching CNN over the weekend and got to business international where analysts were looking at markets in asia and how theyve grown so fast. many of these analysts said the bubble would burst soon and commented on how stocks are doing up to 25 times its current earnings and im thinking 25?? banks here are doing mid thirties. just some foodfor thought for evry1. lets not get carried away.

wanaj0:

The result by UPL is good but I tend to think that Longman has more value. I expect Longman earnings based on previous trend to come mainly in Q3/Q4.

High PE just shows the value that investors place on future growth/earnings. The growth potential in Nigeria is just huge. The banks are yet to scratch the surface of the potentials. MTN just syndicated a loan of $256m. This was done by MANY local banks and some foreign banks. Soon, that will be done locally. Just note that we've not even talked about Mortage.

Look at insurance, the opportunity there is HUGE. Look at companies posting 400% increase in profit.

While it is good to be cautious, the reality is that if the current growth in the economy is sustained, I expect the current situation to continue at least till 2010. So no shaking.
Definitely there will be corrections. Nigeria will not have a market crash at least not now!

zukkie4eva:

Wanajo, Shigidi, roughcut, stop evading the question on Japaul & FCMB offer!, please give us your analysis on these companies, abegggggggggggggg!, are they worth investing in??

_{"getting frustrated on the lack of info. on these coys".}

shigidi:

the recapitalisation of insurance coys has been cancelled. this is not good because the confusion in the insurance sector is going to continue.
i hear all mergers have been cancelled.

shigidi:

the recapitalisation of insurance coys has been cancelled. this is not good because the confusion in the insurance sector is going to continue.
i hear all mergers have been cancelled.

Temmie10:

The smart money is still on Insurance. The big questions is 'when this plane will take off?'.
Many insurance companies are taking advantage of the favourable govt policy of underwriting for the oil and gas sector and the bottom line is already being impacted.
The impressive growths of 400-1000% profit increases in half year profit have happened without the release of the escrow funds. If this growth continues in the next quarter of their earnings, this sector will create a new batch of billionaires. The fact that Crusader, mbenefits, wapic, lasaco et al all posted exponential increases in earnings without reciept of the funds hints at the opportunity inherent in the sector.
The industry is still a gold mine waiting to happen. The trends of the next results released will indicate whether the growth is sustainable so i am looking at march 2008 onwards for the returns. Btw do you know that the Abbey society intending on listing on the NSE is 20% owned by Mutual Benefits. Some of the smarter md/ceos in insurance are pulling some major strings into making their firms fully fledged insurance firms with life and non-life assurance, oil and gas, asset management, medical insurance etc. I see more prospects in the sector abeg. The market will not react immediately but this is where one must definitely consider taking a significant position if one does not already have a stake (obtained at a reasonable price). The gap between insurance and banking is Nigeria is too Huge despite the fact that insurance is growing at an alarming rate. The economics of it will catch up eventually.
When the funds then get released, it can only create more value.

Temmie10:

The smart money is still on Insurance. The big questions is 'when this plane will take off?'.
Many insurance companies are taking advantage of the favourable govt policy of underwriting for the oil and gas sector and the bottom line is already being impacted.
The impressive growths of 400-1000% profit increases in half year profit have happened without the release of the escrow funds. If this growth continues in the next quarter of their earnings, this sector will create a new batch of billionaires. The fact that Crusader, mbenefits, wapic, lasaco et al all posted exponential increases in earnings without reciept of the funds hints at the opportunity inherent in the sector.
The industry is still a gold mine waiting to happen. The trends of the next results released will indicate whether the growth is sustainable so i am looking at march 2008 onwards for the returns. Btw do you know that the Abbey society intending on listing on the NSE is 20% owned by Mutual Benefits. Some of the smarter md/ceos in insurance are pulling some major strings into making their firms fully fledged insurance firms with life and non-life assurance, oil and gas, asset management, medical insurance etc. I see more prospects in the sector abeg. The market will not react immediately but this is where one must definitely consider taking a significant position if one does not already have a stake (obtained at a reasonable price). The gap between insurance and banking is Nigeria is too Huge despite the fact that insurance is growing at an alarming rate. The economics of it will catch up eventually.
When the funds then get released, it can only create more value.

Mr. Risky:

I can only say what I have in my portfolio. And these are the ones I have personally done my home work on, and

MyPeace:

Thank you Mr Risky, its well understood now. But do you think crusader price will still crash down wards?? l pray it does so in the meantime, so that l can partake.

Mr. Risky:

My Peace,
If not for the hyperactivity at the Primary Market and the non release of the insurance funds in the Escrow account with CBN, Crusader should be trading in the region of 7-8 naira by this time. So at the current price of between 4 - 5 Naira, it is ok by me. Indeed my average pile up price so far has been N4.52. And yet NO SHAKING.

It is rewarding to believe in what one is doing. My philosophy of life is BE GENUINELY CONVINCED IN WHAT YOU ARE DOING AND THEN THE RESULTS COULD BE EITHER WAY. In that case I could proudly tell myself "You have acted rationally afterall".

I bought some 100,000 of LASACO at N3.75. STILL NO SHAKING. I heard someone shouting that he/she bought LASACO at more than N3? Why? You need to do your home work before buying into any company. You buy the COMPANY not the units. What is the company going forward? That for me is the most important question. A company may not have been doing well in the past etc, but having now rebranded and with accompanying results, what is the company going forward? Some of the insurance companies are seating up now, soon it will become unavoidable for them to aligned their practices to global best practices as it now happening in the banking sector. GTB is now on the London Stock Exchange, after passing through very stringent rules. Last year it was not there, GOOD TO BE POSITIVE AND REALISTIC.

shigidi:

its amazing how the market can act sometimes.
access was on net bid for two months,at 19 naira and after all the excitement with the ts been lifted ,it moves a bit and goes straight back to 19. i hope no one here bought at a premium. to think we were all saying it should hit 25naira this week. my bad.
still, at 19 naira, it looks very good going forward, would advise people to take position now, because it looks relatively cheap at this price.
and whats with intecontinentals sudden run.