help me:

You are telling me,she is lieing to me,i will call her tomorrow to sell and she should not lie to me.She forget say i get my invisble and best brokers for nairaland.

@ Help Me - E be like say you really need help o Na wetin concern agbero with overload How your broker take lie now

@ Invincible - I also use FUSL and yes, they are prone to doing this. However, as usual there is no problem. Give them a call or email customer services and they will sort out pronto.

Daily Stock position attached:

.

Just getting in and trying to catch up.

help me:

You are telling me,she is lieing to me,i will call her tomorrow to sell and she should not lie to me.She forget say i get my invisble and best brokers for nairaland.

You have to be careful here. The fact that the price of a stock rose to your offer price does not mean it should have been sold. There may not be enough demand available at that price to mop up the shares of everyone that offered at your price or even higher. Most sales for the day may have been at a price below your offer price.

The same thing applies to when you are trying to buy. You may not get the stock at the lowest or near low price of the day because there may not be many traders that offered to sell at that low price.

As much as you can, be practical when setting a price cap. Asking your broker to sell a stock at +4% of today's closing price for a stock tomorrow that is not on a serious bull run will usually lead to disappointment. I paid the price for example when I offered to buy DeapCapital at a limit price of N3.90. I still do this but I don't complain when my order is not executed.

@Easimoni,  thanks for that. I like the way you use examples to illustrate your point. Lol.

@Roughcut

MTN Nigeria gross revenue half-year june '07 is N173B(i think this is a cash cow!) and forward  EPS has been estimated N12.89 by proshareng.com

Half-year operating expenses is about N35B(38% of gross revenue) and expenses before interest, taxes etc around N100B so PAT for half-year '07 comes in at around N38B annualized gives a forward PAT for full-year '07 as N76B  according to proshareng.com.

I think i will leave you to make your own conclusions!

I understand what unit trusts are but what I'm trying to get my head round is the valuation. MTNN financial information provided by Afrinvest (house floating the fund) shows PAT for half year 07 as N52.4b so annualised is N105b.

I asked them for the total outstanding of MTNN and was told 43 million shares. Now don't forget each share is approx $25 (N2,950.00) which means an EPS of N2,441.00 and PE of 1.2 (This looks too good to be true hence checking info from other sources).

Can anyone confirm the number of outstanding shares for MTNN?

@
this one that nigeria lost today,hope it wont affect the market tommorow

Ha. So did this market catch anyone napping? I know una all dey too much to allow that to happen.

Let us recap from last week.

Afribank - Did you get your bonus at N26.16 at a store near you as adviced? This is just history repeating itself. Rinse and Repeat. Now the stock is on net bid. Let's not be caught napping again. and again.

AirPHB - I took permission that I will be pausing for some gas today and I did at N29.60 per gallon. Now I have raised altitude to N30.98 and I still have net thrust. Traders against Fundamentalists. Fundamentalists always win. Long term buyers don't worry about paying 5% premium. 

The Captain told you to wait for your 25% and you were shaking. Please hold on tight. Slight turbulence ahead but we are holding steady for a couple more days and not going back near TS altitude.

upward:

@pumping,
i wonder how full this our PZ flightis, because the less the pasengers the lighter and more room to relax in the craft. But I hope it has as much momentum like the PHB turbo jet, so that we don't crashland. BTW who is the captain for this one?

Funny enough I did not board this flight. Instead I have put all my eggs in one basket of Afribank with each egg costing N26.16. The only fear is that any turbulence can break the eggs but the Captain has assured me of no such surprises.

@pumping, I got my Afribank last week, thanks man. Only I didnt hear the stock is on bid

AIICO, when will the market open,

,,and UBA still dey confuse me  why is the price down, what is the expectation in the short  to medium term , make una answer, 

, by the way, I dey on board this Afribank flight,

invisible!:

I have a problem here, a very easy looking problem, but may cause a big problem later. My stock broker has been double buying stocks for me. By this I mean he either knowingly or unknowingly executes my buy orders twice.

Today, I got a trade alert for 20000 units of FBN. I  had given them orders to buy last thursday, which they bought at 42.90, today they bought another 20000 units at 42.30. What do you guys suggest I do? I have not enough money in my account to cover this purchase.

Last time this same thing happened with Diamond bank, I had to put in more money to put my account in credit.

Do you people think this is bad, will they go on and charge me interest if I don't pay in money to credit my account?

Has anybody experienced this before?

based on my experience i`ll say its a good thing. I asked my broker to buy me 20000 units of intercont when it was N25 but he bought it twice, 25 and 24.98. i kept it for more than three months without any interest. i think he wants you to trade more so he could benefit from the commisions.

invisible!:

@pumping, I got my Afribank last week, thanks man. Only I didnt hear the stock is on bid

Look at the daily stock position delivered by Kpineo and NBA to see that Afribank is on net bid.

pumping777:

Funny enough I did not board this flight. Instead I have put all my eggs in one basket of Afribank with each egg costing N26.16. The only fear is that any turbulence can break the eggs but the Captain has assured me of no such surprises.

Dont mind my yeye brokers - They refused me boarding pass last friday ooo -- now the flight has taken off.

They better not try any yawa for my order tomorrow  because I go vex for them.

IBTC STOCKWATCH

STOCKS / INVESTMENTS TO WATCH
·  Oceanic Bank Plc
·  Equity Assurance Plc
·  UBA Plc
·  Zenith Bank Plc
·  Oasis Insurance Plc

EMMAACHILE:

IBTC STOCKWATCH

STOCKS / INVESTMENTS TO WATCH
· Oceanic Bank Plc
· Equity Assurance Plc· UBA Plc
· Zenith Bank Plc
· Oasis Insurance Plc

Anything fantastic going forward as per this 2?

Prince11:

AIICO, when will the market open,

,,and UBA still dey confuse me   why is the price down, what is the expectation in the short  to medium term , make una answer,  

, by the way, I dey on board this Afribank flight,

UBA jet has some slight engine problems. Be patient. Some turbo jets will soon be released to aid it's flight.

@Pumping777,
OK, make I go load more UBA then, , the more the merrier,

I still need to know when AIICO go open floor,

By the way, what is powering UTC and First Aluminium. Both seems to be defying gravity, any idea?

pumping777:

Funny enough I did not board this flight. Instead I have put all my eggs in one basket of Afribank with each egg costing N26.16. The only fear is that any turbulence can break the eggs but the Captain has assured me of no such surprises.

Pumping! You're no longer an fundamentalist? Afribank has 11.13B shares (assuming the PO will be 125% alloted) and a projected PAT of 11B, giving a forward PE of 27+. I know CICO is sweet but I wouldn't apply it to the more expensive stocks. Too much downside in Afribank for me.

A unit trust and OEIC(open ended investment company) are very similar except that for unit trust it has a specific period of time for which it should operate(closed funds)

Unit Trust are open ended hence do not have an end date. Investment Trust on the other hand have fixed amount that can be invested, fixed units and a fixed last trading day after which the managers may invite you to roll it over to another Investment Trust. In UK they are listed on the stock market and enquiries on them are directed at the Registrar. Unit Trust on the other hand is open and keeps growing and all administration is done by the Fund Adminstrator / Managers

All GURU's,

1, Pls, can someone tell when DANGOTE FLOUR MILL will be listed?
2, What do you guys fill about about INTERNATIONAL ENERGY INSSURANCE?, i bought 15,000 Unit before the reconstruction and now
myholdings is just 5,000 Units how certain can it get to my exit point of N15?
3, Should i still hold my UNITY BANK or i should just sell it? and when are they likely to do their P.O?
4, When will the ACEN INSURANCE approach the market again? cos i am set to join the train, i dont want to miss out as i did with
INTERNATIONAL BREWERIES?

To all GURU'S in the house.

All GURU's,

1, Pls, can someone tell when DANGOTE FLOUR MILL will be listed?
2, What do you guys fill about about INTERNATIONAL ENERGY INSSURANCE?, i bought 15,000 Unit before the reconstruction and now
myholdings is just 5,000 Units how certain can it get to my exit point of N15?
3, Should i still hold my UNITY BANK or i should just sell it? and when are they likely to do their P.O?
4, When will the ACEN INSURANCE approach the market again? cos i am set to join the train, i dont want to miss out as i did with
INTERNATIONAL BREWERIES?

To all GURU'S in the house.

How Profitable is Forex?

Attached is a detailed statement of forex account in US dollars

Summary: (US Dollars)
Duration: 3 weeks (31st December 2007 - 21st January 2008)
Percent return on Investment: 3750/9968 x 100 = 37.62%
Deposit/Withdrawal: 9 968.00
Closed Trade Profit: 3 750.55
Floating Profit: -74.42
Balance: 13 718.55

EMMAACHILE:

How Profitable is Forex?

Attached is a detailed statement of forex account in US dollars

Summary: (US Dollars)
Duration: 3 weeks (31st December 2007 - 21st January 2008)
Percent return on Investment: 3750/9968 x 100 = 37.62%
Deposit/Withdrawal: 9 968.00
Closed Trade Profit: 3 750.55
Floating Profit: -74.42
Balance: 13 718.55

Brother Emmanuel
is this part of "STOCK MARKET TIPS FOR NIGERIANS"
keep in line and respect the status quo!!!

People,
BREAKING NEWS!
Share prices in Asia continue to fall a day after global stocks tumbled amid fears of a global recession.

http://news.bbc.co.uk/2/hi/business/7201658.stm

Did I hear 'global recession'?
I hope this bad news does not get to NSE, because heads will roll.

@ question, the NSE is still 'immune' or do I use 'insulated' to all those crashes and falls in the global economy. This is one area where it is good to be a poor nation. Let their stocks keep falling untill we go in and help them buy up some stake, we are their business friends, what are friends for anyway?

easimoni:

Pumping! You're no longer an fundamentalist? Afribank has 11.13B shares (assuming the PO will be 125% alloted) and a projected PAT of 11B, giving a forward PE of 27+. I know CICO is sweet but I wouldn't apply it to the more expensive stocks. Too much downside in Afribank for me.

Ha. The leopard will not change it's spots o. I still stick to my fundamentals but won't miss an obvious CICO opportunity. I even have 30 as my forward PE since my projected PAT is 10B.  I bought Afribank at a forward PE of 29 but you probably won't find me with the stock by next week.

I don't see too much of a downside in Afribank after the dip to N26. Look at Access as an example. The forward PE was as high as 40 before the Q-3 results and even now the forward PE is 33 and the stock is still on an up trend.

UBA is the best bet for me in banking right now and I am up to my neck in it. Afribank na side betting.

easimoni:

Pumping! You're no longer a fundamentalist? Afribank has 11.13B shares (assuming the PO will be 125% alloted) and a projected PAT of 11B, giving a forward PE of 27+. I know CICO is sweet but I wouldn't apply it to the more expensive stocks. Too much downside in Afribank for me.

Hahahahahahahah, easimoni,leave CAPTAIN now. The guy dey fly plane and e get open mind.
You no see say na only AIRBUS AND BOEING e dey fly, e no dey fly Aeroflot from Russia.
Captain i dey enjoy this PHBflight oh.Na armed robber profit i just dey collect for this stock.
E be like my N32 target will even be exceeded at this jet speed.That will be my MURDER of the month of Jan.
Na double chopping go dey this stock this year.

Wey passenger Roughcut and Kpineo.Abi una go dey follow airhostess dey gist.

FatherOF2:

Hahahahahahahah, easimoni,leave CAPTAIN now. The guy dey fly plane and e get open mind.
You no see say na only AIRBUS AND BOEING e dey fly, e no dey fly Aeroflot from Russia.
Captain i dey enjoy this PHBflight oh.Na armed robber profit i just dey collect for this stock.
E be like my N32 target will even be exceeded at this jet speed.That will be my MURDER of the month of Jan.
Na double chopping go dey this stock this year.

Wey passenger Roughcut and Kpineo.Abi una go dey follow airhostess dey gist.

i wan follow Pumping stop small for mid-air refuelling yesterday but i decided against it i still dey seriously on board just go inside the luggage compartment to check say my 75,000KG luggage still dey kampe!

A beg where ololufemi dey sit sef window or aisle?

As i don dey married now wifey go vex if she come know say i dey 'chat' with air hostess so i no follow go gist with air hostess o

FatherOF2:

Hahahahahahahah, easimoni,leave CAPTAIN now. The guy dey fly plane and e get open mind.
You no see say na only AIRBUS AND BOEING e dey fly, e no dey fly Aeroflot from Russia.
Captain i dey enjoy this PHBflight oh.Na armed robber profit i just dey collect for this stock.
E be like my N32 target will even be exceeded at this jet speed.That will be my MURDER of the month of Jan.
Na double chopping go dey this stock this year.

Wey passenger Roughcut and Kpineo.Abi una go dey follow airhostess dey gist.

When are you using your parachute to jet out of the BOC plane? You dey wait for the result?