easimoni:

Ololufemi is busy counting the money. Will return a couple of millions from now

Hhahahahahahahah,

Has anyone gotten skye bank prospectus?
i need the projections

It is already on bid!

@fatherof2

I have been a silent reader of your thread and it has been of immense help in my investment decisions. Please, could you advise me on UNTL and UAC properties. are they good buys and why.

easimoni:

When did u buy your Diamond? I got mine in Dec for 18.60 and with reduced (thank u Fo2) commission I'm up only 21%. Set N24.50 as my exit. Hope it gets there tomorrow.

Or do we wait for the 9 month result expected within 6-8 weeks

AT  N17.81   on  13/08/07

NemekGee:

@fatherof2

I have been a silent reader of your thread and it has been of immense help in my investment decisions. Please, could you advise me on UNTL and UAC properties. are they good buys and why.

Go for Skye Bank and wait for Post TS Bull Run if you have a timeframe of 4 months

Finally some info from skye bank about the skye shelter fund. Got this email from them yesterday;

"Apologies for the delay in getting back to you. please find below updates on the skye shelter fund.

The Skye shelter certificates are now being dispatched by our registrars, and we expect that the share price will be listed by the end of January 2008.

If you need any further enquiries please do not hesitate to contact us.

Thank you and have a nice day.



Customer Service Group| Skye bank plc |Adeola Hopewell Street VI|DL:2705857|www.skyebankng.com


"Skye Bank Plc is a fully registered Nigerian company with its headquarters located in Lagos, Nigeria. Its corporate head office is at 3, Akin Adesola Street, Victoria Island Lagos, Nigeria. For further information, please visit our website at www.skyebankng.com or send an email to info@skyebankng.com" This e-mail and any attachments may be confidential or legally privileged. If you received this message in error or are not the intended recipient, you should destroy the email message and any attachments or copies, and you are prohibited from retaining, distributing, disclosing or using any information contained herein. Please inform us of the erroneous delivery by return e-mail to info@skyebankng.co"

hope they keep 2 their word

@ easimoin, fatherof2,
i gt diamond at 18.4, id love to exit at 25 naira but if i do, there aint much out there, its still the best priced bank alongside uba and phb will be hard to get. which stocks do u think are worth jumping into right now

hi, guys am a jjc on this site . i need a baby sitter. thank u guys.

easimoni:

Nice to hear that Lead's performance is improving. My account officer is back so I'm back in the game. They threw me a curve ball yesterday; charged me OD because they couldn't execute a sell order which would have put me in the black. I just dey look them.

I'm getting out of Law Union. No more "news" expected for 5 months as we await the FY 2007 and 1Q08. I don't expect any sustained bull run in the absence of any news (true for the Ins industry in general). I predict LUR will drop N1 (to ~N4.80) within the next 2 months and I'll get back in. That's my story and I'm sticking to it!

I agree with you there.Insurance are just going into the stage of stabilization,with small ups and downs. If bull and bear continue weekly,then it becomes predictable.The fun will be gone.
Another reason is that " THEIR SEASON NEVER REALLY COME".

koksieboy:

Fatherof 2,

I need some enlightenment about the CICO (circle in/out) theory. Is it profitable to circle out of a fundamentally good stock if the price does not fall below your original buy price after selling for you to re-enter? For instance, none of my Insurance stocks (Mbenefit, Crusader & LawUnion) has fallen below my buy price since the recent rise in the sector. My thought is that, by so doing, you make your stockbroker richer (buy/sell commission) rather than yourself. Please clarify. Thanks in advance.

Father oF 2,

Chief, I'm still waiting for your kind respond to my post above. thanks in advance.

Hi naijas
Having being sponsored with dividends pay from the Comp. shares my GENTLE OLD MAN has without regular pension pay,I then came to realise that one needs to b among comp.share holders.
Now my prob.is these banks which I have bought,am not sure of their long term pay back and how lucrative its future will b.
Am not buying 4 now but 4 future
The thing is am I on right path?

easimoni:

When did u buy your Diamond? I got mine in Dec for 18.60 and with reduced (thank u Fo2) commission I'm up only 21%. Set N24.50 as my exit. Hope it gets there tomorrow.

Or do we wait for the 9 month result expected within 6-8 weeks

Baba Ibeji - (Na only me dey call u that for this forum)

We bought Diamond around the same time - I got it at 17.87.

If I sell at todays price I will make 24.8 after commission. I am waiting for 25%-30% I bail out and enter something else.

shigidi:

@ easimoin, fatherof2,
i gt diamond at 18.4, id love to exit at 25 naira but if i do, there aint much out there, its still the best priced bank alongside uba and phb will be hard to get. which stocks do u think are worth jumping into right now

I remember i mentioned sometime in November that i'll yoyo from FCMB to GTB. Just finished FCMB yoyo with some profit.Moved the profit into Lasaco on friday.Will move out of Lasaco this week and hold for GTB to drop till month end and wait for the next 8-10weeks needed for GTB to announce FY result.
Meanwhile i had a lot of lasaco from which i extracted some profit and moved elsewhere.
You can take GTB month end.

father of 2, you be baba.

FatherOF2:

I agree with you there.Insurance are just going into the stage of stabilization,with small ups and downs. If bull and bear continue weekly,then it becomes predictable.The fun will be gone.
Another reason is that " THEIR SEASON NEVER REALLY COME".

baba Ibeji -

Na all seasons you know - oga fun e ooo!!!!

You get day time job at all?? how you dey keep up with Ndidi-----

So we cannot join the Bank PHB train again? No problem.

shigidi:

@ easimoin, fatherof2,
i gt diamond at 18.4, id love to exit at 25 naira but if i do, there aint much out there, its still the best priced bank alongside uba and phb will be hard to get. which stocks do u think are worth jumping into right now

@shigidi,
This is true talk oo, I dont want to sell and leave my money idle - That is my new year resolution - no money idle even if it is 5 %, its still better than nothing.

But as per the thursday/ friday theory, lets see what gives tomorrow .

FatherOF2:

I remember i mentioned sometime in November that i'll yoyo from FCMB to GTB. Just finished FCMB yoyo with some profit.Moved the profit into Lasaco on friday.Will move out of Lasaco this week and hold for GTB to drop till month end and wait for the next 8-10weeks needed for GTB to announce FY result.
Meanwhile i had a lot of lasaco from which i extracted some profit and moved elsewhere.
You can take GTB month end.

Why you let the GTB out of the bag na!!!!.

I thought, I am the only one waiting for it.

@ Fatherof2,

What is your take on AG LEVENTIS and ACCESS BANK?.

Peace.

@ALL

Please Nairalanders help!. I registered on-line with CSCS last year Sept. I also filled out the forms, paid the 2500N. The form was sent to my broker who in turn signed and submitted to CSCS. I have not heard any thing from them since then. There are lots of phony phone numbers in their site. Please can someone advice me who to contact,

Thanks y'all

@fo2

bros,i got access for 22.5 during there TS(thanks to my broker).pls what prospects does this stock hold for short term.i don tire to wait for something to happen.do i pull out and invest in something else?

@ FatherOf2, easimonie and other guru

Whats is your take on Linkage assurance? It's like the company on a turnaround to profit-making as per the jist below.

Linkage bounces back on 2006 full year results
Written by Ifeanyi Ugwuadu and Lisa Chiekwu
Wednesday, 16 January 2008
Just one year after declaring a loss of N765 million, Linkage Assurance seem to have rediscovered its winning ways again, driving its 2005 loss situation to a pretax profit of N76 million. The company also declared a profit after tax of N72 million.

Although the board announced a no-dividend result, shareholders shared in the recovery strategy of the company and gave a pass mark to the management for reversing the huge loss position to a healthy profit. But, they hoped that 2007 results will be far better than 2006.

Premium income dipped 24 percent at N837 million from about N1 billion in 2005. Shareholders' funds rose to N2.2 billion, representing over 100 percent increase over last year’s N979 million. The balance sheet also grew to N3.2 billion, a 28% growth over 2005 position of N2.5billion.

Board chairman, Mr Babatunde Fatayi-Williams informed shareholders that the decline in premium income was due to huge portfolio of the defunct Allstates Bank which was largely insured by the underwriter.

He said the loss of the bank’s business naturally dented the insurer’s premium profile.
Fatayi-Williams also clarified that Allstates never was part of the ownership structure of the company.

“At no point did Allstates have a single share in Linkage,” he stated assuring shareholders that their investments in Linkage is intact pointing to capital appreciation as one factor that should give investors renewed hope in the company.

However, he disclosed that the insurer’s business links with Allstates did not inflict much harm on the company’s financial status owing to a timely public offer that raised the substantial capital to the company.

On the money trapped in the defunct bank, now purchased by Ecobank, deputy managing director of the company, Mrs Durosinmi-Etti explained that the repayment plan classified them as creditors and as such the company may be one of the last to be paid.

The Annual general meeting held in Lagos Thursday was the first since the old linkage merged with CICO last year and it flaunted a much larger and deeper board. Senator Udo Udoma, Chief John Edozien, Chief Raymond Ihyembe are some of the new faces in the 12-man board.

The board chairman assured shareholders that they will attest to the strength of the new board in the coming months and years when he hopes the income profile of the company will rise appreciably.

He attributed the delay in holding the AGM to knotty consolidation and integration issues that had to be tackled before coming to address the shareholders.

He acquiesced to shareholders request that the company’s quest for fresh capital should not be restricted to private placement only but should also explore Rights Issue so that shareholders can grab their rights.

naijadr,Fo2 and others thanks for your response to my previous messages. Pls my fellow nairalanders. i have 1m to buy stock b4 friday. with all these suggestions of what stocks to buy i'm not so sure. pls i need your help, i only need 2 stocks where i can make something reasonable and pull out by march/april. thanks for your contributions ooo

bigjay01:

did anyone buy and converted the Diamond bank GDR confirm if it has been credit to their CSCS?

Pumping I know u bought the GDR, did u convert it? if yes, has it been credited to your CSCS?

Yes, I bought and requested conversion but it is not credited yet. I heard end of Janauary.

koksieboy:

Father oF 2,

Chief, I'm still waiting for your kind respond to my post above. thanks in advance.

Sorry i had a visitor downstairs,
Remember that a stock will always grow as the company is growing.
You buy a stock at N18, it rises to N24.You sell the profit made.
The stock is re offered to you at discount (being the price drop to say N20).
That is a 16% discount.Broker fees total 4%.That's a 12% discount on the stock at which you will use the profit made earlier
to buy more units.Also remember that by the next time it rises again it could exceed N24 at which you sold,but then you already have added more total
units than what you started the stock with at N18.
Its much beta than starting at N18 with 150000 units and watch the stock rise to N24 and fall to N20 rise to N26.Whatever the movement, you started with 150000 and end with 150000 whenever you sell. That's not the case with a CICOer _{if there is such a word}

blest:

@fo2

bros,i got access for 22.5 during there TS(thanks to my broker).please what prospects does this stock hold for short term.i don tire to wait for something to happen.do i pull out and invest in something else?

No oh, don't pull out na. You don reach end of the road.FY is march.And 9 months is due soon.
Just wait.Only your buy price high small sha.Not to worry, problem no dey.You'll get good things from Access.

Father of 2

Please I can see you are online. What is your take on Fidelity, is it a good buy short term over the next 2 weeks. Thanks for all your lovely contributions.

[/quote]FatherOF2
I remember i mentioned sometime in November that i'll yoyo from FCMB to GTB. Just finished FCMB yoyo with some profit.Moved the profit into Lasaco on friday.Will move out of Lasaco this week and hold for GTB to drop till month end and wait for the next 8-10weeks needed for GTB to announce FY result.
Meanwhile i had a lot of lasaco from which i extracted some profit and moved elsewhere.
You can take GTB month end.
[quote]

baba,
u are actually yoyoing with look of your set up. But what is that info about lasaco?
can you lend some that info? Move out of FCMB AND already at GTB

tonyjon:

@ Fatherof2,

What is your take on AG LEVENTIS and ACCESS BANK?.

Peace.

Grabdaloot is the owner of AG LEVENTIS. I've been taking note of his posting on that stock.I like it.I like bonus(just for cap appreciation oh,not for keeps).
But the stock just REFUSES to come down at all since when Grabdaloot has been talking about it.I want to enter,but it needs to make itself available.Its not at the current price.

On a more serious note - where is ololufemi and wanaj0?

beginner:

Father of 2

Please I can see you are online. What is your take on Fidelity, is it a good buy short term over the next 2 weeks. Thanks for all your lovely contributions.

I think fidelity has taken off already - if you were eyeing the post TS run.

It has already appreciated by 10% I believe from 11.01 to 12.03 - the bus has left the station.

In another 2 days it will be 20% and thats enough for short term traders.

Hi Guys, quick break from technical analysis class.


Can someone tell me what they have as the RSI for UNIC and DANGOTE SUGAR at end of business today 16th jan 2008

Thanks

beginner:

Father of 2

Please I can see you are online. What is your take on Fidelity, is it a good buy short term over the next 2 weeks. Thanks for all your lovely contributions.

yodi has just replied you on that one.
I was about to ask you if you were in it already.
If not,don't get injured.You may go and buy at a price too high.Wait a little.
Wait for its next fall.

@ALL

Please Nairalanders help!. I registered on-line with CSCS last year Sept. I also filled out the forms, paid the 2500N. The form was sent to my broker who in turn signed and submitted to CSCS. I have not heard any thing from them since then. There are lots of phony phone numbers in their site. Please can someone advice me who to contact,

Thanks y'all
[quote][/quote]


Depending on your broker because some of them will file your form and forget. if actually they submitted your form cscs will activate you with your pin. so folow up 1st with your broker