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.

@Father of 2

Am an avid fan of yours and a keen follower of the NSE
I want to try and follow your school
I want to like invest maybe 10 or 20k (or how much do u recommend) in Penny stocks, maybe Insurance coys and be using your mode of profit taking
You could also advise me in which stocks to take a position in, I want to try this and see how much I can make at the end of the year
Would love to hear from u

grabdaloot:

The key thing in RSI calculations is the date of start of evaluation. You started from the 29th of NOV 2007 but I am sure Easimoni has his from the 6th of Sept. Remember that history is very key in RSI evaluation.  Goodluck bro

@grabdaloot

Thanks.  But I just cut part of the data to make the spreadsheet small.  For example, If I have only the data for the last 10days,  I should be able to calculate 9 Day RSI, which should not have anything to do with previous history? am I right?

SGN:

@easimoni

Please, if you have time check the spreadsheet I attached, its just an extract of the Ikeja Hotel thing.  I got a 9 day RSI of 23 for 11th Jan '08, still not equal to yours. Could there be anything wrong in it. And also if you Aptistock, check 11th Jan '08 9 |day RSI for Ikeja Hotel. I am just trying to find out where I got it wrong.  Many thanks.

I can't get to aptistock from my office but I examined your sheet. YOu are using the investopedia definition of RSI which uses absolute prices to calc RS. I have since switched to the John Murphy (and others) definition which uses price differences to calc RS.

To get the John Murphy (I can't remember who invented it but John Murphy got it right) version, RS-up is the sum of price gains (not sum of prices on up days), RS-down is absolute sum of price losses (not sum of prices on down days) over the past 9(?) days. Investopedia got it wrong! Maybe Aptistock does as well.

@easimoni

There you are!  Thanks a lot.

I will adjust as necessary.  I think Aptistock used the old method as well.

easimoni,

pls can you repost the First Bank Allotment again? I need the allotment details urgently, can't really locate where it was once posted on this forum. Thanks. And indeed if anyone else has it, please repost. Thanks

Mr. Risky:

easimoni,

please can you repost the First Bank Allotment again? I need the allotment details urgently, can't really locate where it was once posted on this forum. Thanks. And indeed if anyone else has it, please repost. Thanks

@ Mr. Risky,
I no be easimoni even though I will like to clone him. Because of your urgency make I help.
Find the link below
http://www.proshareng.com/blog/wp-content/uploads/2007/11/first-bank-allotment-of-shares-2007.pdf

Bizl4Rizl:

@Father of 2

Am an avid fan of yours and a keen follower of the NSE
I want to try and follow your school
I want to like invest maybe 10 or 20k (or how much do u recommend) in Penny stocks, maybe Insurance coys and be using your mode of profit taking
You could also advise me in which stocks to take a position in, I want to try this and see how much I can make at the end of the year
Would love to hear from u

Hmmm, that 20k small oh.And penny no dey stock again oh.All of them are growing into naira stocks.
What i would do is to buy FCMB say by monday or tuesday,but tell my broker i want FCMB at about N18 plus small.Not higher.
Why are you doing this you may ask.
1. The banks Q2 was very good.
2. The bank's 9 months ends this January, so Q3 release going by UBA,oceanic,zenith fast response last week could be in Feb/early march.
3. Expect similar good performance for Q3 and this will be the trigger.
4. As you're already in position,you'll rise with the price. I expect at least N25(normal)-N27(when you add market sentiment) for that stock from 9months - FY.

@ Father of 2 aka Father of many,
I hail you, nothing special. Just saluting as you dey on-line.

Deap capital.
According to the prospectus, total outstanding shares was 462,766,022.  total shares on offer was 490,957,376. Although it was a bit oversubscribed. Not all the shares were alloted hence the reason for the returned money.  The actual shares is 1B after allotment and not 1.5B,  There is a provision for bonus of 1 for 2 this year, and a dividend of 13k if not more,
 
Statement below is from an insider- MD had a meeting with staff last december and he promised to do the bonus . Apart from that, there is going to be another meeting this Monday-- expect the result end of this month, I will advice you guys to start buying if you can get it. If they announce the result, you may guess the direction of the stock. We all know it can be 'painfully' too late to buy then,
anyway, will let you know the outcome of the meeting by Tuesday .

@easimoni,SGN
i beg enough of una RSI analysis paralysis. ikeja hotel be the next bullish stock,i hav bin amassing.shikena

@windywendy and grabdaloot

I tried to trace back your posts about eterna oil news but no result. so please whats the news that you want grabdaloot to confirm?

Thanks

@fatherof2,wendy
as una don mention this unilever,expect it to be scarce on monday o!

@windywendy
i like your analysis well well sha,u too much.

ebony9ja:

Deap capital.
According to the prospectus, total outstanding shares was 462,766,022.  total shares on offer was 490,957,376. Although it was a bit oversubscribed. Not all the shares were alloted hence the reason for the returned money.  The actual shares is 1B after allotment and not 1.5B,  There is a provision for bonus of 1 for 2 this year, and a dividend of 13k if not more,
 
Statement below is from an insider- MD had a meeting with staff last december and he promised to do the bonus . Apart from that, there is going to be another meeting this Monday-- expect the result end of this month, I will advice you guys to start buying if you can get it. If they announce the result, you may guess the direction of the stock. We all know it can be 'painfully' too late to buy then,
anyway, will let you know the outcome of the meeting by Tuesday .

Ha. Thank you for this. Since only 1B shares were listed the figures did not add up to me. I missed my order on Thursday because I bid N3.9 .

Please don't forget to update us on the outcome of the meeting o. If you send me the conf call details, I am too happy to join

@easimoni - I beg look at these figures. You know you are the doyen of outstanding shares _{and even better things}

@ ALL
can anyone please tell me what JULI a second tier market stock is into!
i tried getting information online about them but each time i hit a roadblock

does anyone knows any news on skype shelter fund?

anyway it's like father of all is not going to answer me. pls my fellow nigerians. i have a portifolio dat worth 10m, i used to believe in buy and keep but this year i want trade.  the problem is i dont know which one to sell to buy what. i made a mistake last year selling my uba to buy transcorp and i dont wnat a similar experience. i need someone to talk to via e.mail. mine is  owotoyin@hotmail.com .need yr assistance

teto:

anyway it's like father of all is not going to answer me. please my fellow nigerians. i have a portifolio that worth 10m, i used to believe in buy and keep but this year i want trade. the problem is i don't know which one to sell to buy what. i made a mistake last year selling my uba to buy transcorp and i don't wnat a similar experience. i need someone to talk to via e.mail. mine is owotoyin@hotmail.com .need yr assistance

its not that Fo2 is ignoring u intentionally so dont state it like that but u would make it much easier for him or anyone else if u just stated it here on the thread. Its important to realize that people who are offering advice are being kind to do so out of their own free will. If you go through the thread from the last few days, you'll see some great advice as to stocks to get into for both short and long term. If you state ok I have stock A BC D, this is why I think I should keep B and sell C, then someone will prob be able to tell you yes thats a good idea, or if that were me i would do this and that.

bibiking1:

@ ALL
can anyone please tell me what JULI a second tier market stock is into!
i tried getting information online about them but each time i hit a roadblock

Juli is a pharmaceutical company (Juli Pharmacy) but please take your money elsewhere. For a start you should note that the stock is hardly ever traded and when it is the volumes are low and usually only one deal. Only once this month has there been more than 1 deal a day. 4 deals. There has been no result for several years. The latest one I can find is from 2004 and the company declared a loss. Same with the previous year.

The "owner" of the company is a former health minister though he had set up the company several years before he became minister. As far as I am concerned it is a one man PLC. Unless you hear the company wants to come and do a PO don't go near it.

@pumping777
the deep pocketed oga mi ,how u dey,do u think a rumour of bonus is enuf to enter, deap capital or hav u done otha fundamental/technical analysis. i heard eps is 20k. kindly reply o

@PUMPIN777
you just saved my life!!!
thanks men.

@ALL
been thinking about it for a while and i believe sooner than later it is sure bound to happen, why not now?
what do you guys think about getting a seperate index other than the NSE in the country, something like the NASDAQ or S&P 500 in the states?

@all
I bought unity bank at 6.70 last year and I am considering selling it off this week. Is that a good idea?
Thanks

iconbull:

@pumping777
the deep pocketed oga mi ,how u dey,do u think a rumour of bonus is enough to enter, deap capital or hav u done otha fundamental/technical analysis. i heard eps is 20k. kindly reply o

I dey o. How body for there? Na water dey inside my pocket o.

I posted some data on the fundamentals yesterday. It looks good. I will wait on ebony9ja to make the rumour stronger.

palemoon:

@all
I bought unity bank at 6.70 last year and I am considering selling it off this week. Is that a good idea?
Thanks

There are rumours of a PO in March so you may want to wait to ride on a likely rally.

palemoon:

@all
I bought unity bank at 6.70 last year and I am considering selling it off this week. Is that a good idea?
Thanks

If you need money now you can sell but if your risk appetite is still high, you can hold on because there is this info going around that they will have their PO in March.

If it's true, there is tendency for them to whip-up the price before the PO. You can then sale at a higher price. But na wa for u, u bought unity bank without looking at the fundamental. Thank God u don make some money on it.

Peace.

Thanks Father of 2 for your advice, I will up my cash input
Have a lovely weekend

been speaking with some financial analysts and they think its a far shot, i have this conviction that it should be now anyway.
Also have some software developers working on the initial framework

Hi guys.Learnt Banks are to have a common end of year of 31st December as from this year. What do u think is going to be the effect? Which banks will it affect positively and negatively? I just feel we have to be proactive. Expecting your ever brilliant thots. Lest i forget,i got the news from Proshare.

Here is the link.http://www.proshareng.com/myproshare/portal_news.php?id=3452

it will be a good effect for long term traders but wont be good for short termers who like to cycle between bank stocks , notce howall insurance coys. rise and fall together.
they should stop it oooo

@all
UBA didn't send out the daily position for 11/01/2008.
But on proshare they have the highest bid as AIICO,ZENITH,PHB
Hope this helps, will keep an eye out though.

Fatherof2 and Wendy,

UACN has a low PE because of the Extra ordinary income that boosted their profits. They are selling some of their assets (Tractor and Equipment). For me that is not sustainable so it is a SELL. Market sentiments may however move it up to 60.00

UNILEVER, will still be wary of it. Margins in the sector are thin and the growth potential is limited.

If you need a conglomerate, go Chellarams. Lowest PE in the sector. Now into manufacturing of bicycles, Okada and Tricycles. That definitely is a high margin and growth sector of the economy. With stable exchange rate (falling dollar) importers will make a KILL. Downside is liquidity. They were planning a PO before but they've gone silent on that now. Liquidity na the issue here!

JOHN HOLT, little info. Being declaring losses for a while so will let that pass.

AG Leventis and UTC, not really facsinated with those two. They need serious re engineering. Can't see what will propell them. They are in a low margin sector apart from the power (generators) that they are in to. They are however facing stiff competition from the Chinese companies also.

TRANSCORP? Maybe if you are a naturally OPTIMISTIC person.

Which one remain?