@ Iwerebor, First bank should take a while. Oceanic and UBA got lifted ~2 months after the offers closed.

Thanks Easimoni.
Perhaps FBN is not the stock to pick for a three month time frame which is already counting. 2 Months before it's lifted and I was thinking mid august max! I can't possibly expect FBN to fly to the 50 naira mark I am aiming in one month.
Now what am I to do? I know next to nothing about picking stocks, was staking on FBN because of their pedigree.

Good investors here: how would you go about making 200k out of 800k plus in a three month time frame?

@Iwerebor. The scenario of 200k to 800k in three months is called greed. I can also guarantee you that unless you do away with this overnight, sudden riches mentality, not only in the stock market but also other investment strategies in your life, you're setting up yourself to get burnt. You might have the luck of the draw and hit a 1% chance of success but I can assure you that you'd end up going away naked in the market square. I'd advise you go back to the drawing board and set realistic expectations on your investments. As they say, "Bulls make money, Bears make money but the Pigs get slaughtered".

Hey guys & gals, new to the site and impressed with the discussions so far.

I haven't heard much news on the Skye Shelter Fund (REIT) that opened on Monday. Anyone keen on it? And how does one go about buying into the fund? Haven't seen an application form anywhere, not even on Skye Bank's website.

I've noticed quite a bit of pessimism on the Access Bank offer. I think I'll thread carefully on this one, no more than 10,000 units and will be satisfied with a minimal return, compared to the other IPOs of recent.

On a different note, how many people maintain online accouts with cscsnigerialtd.com? I have paid the N2500 annual subscription fee and have tried to setup my online access countless times but no success. I even emailed their customer service but no response either. I'm quite wary of making more purchases if I cannot monitor my broker independently since I do not reside in Nigeria.

Well if you buy or sell shares you can contact ogunyemi. He is in core trust investment ltd. The guy is good and trustworthy.

I met him in Nairaland anyway. I think i love his organisation too.

contact him @:

made_ng@yahoo.com
08056259633;014615946

That's quite ambitious

Ambition is what drives the stock market

@Iwerebor. The scenario of 200k to 800k in three months is called greed. I can also guarantee you that unless you do away with this overnight, sudden riches mentality, not only in the stock market but also other investment strategies in your life, you're setting up yourself to get burnt. You might have the luck of the draw and hit a 1% chance of success but I can assure you that you'd end up going away naked in the market square. I'd advise you go back to the drawing board and set realistic expectations on your investments. As they say, "Bulls make money, Bears make money but the Pigs get slaughtered".

K2
200k of 800k is only 25%. I beg to differ with your definition of greed.
Look at this scenerio: my 800k acquires 200k units of a penny stock @4naira, That penny stock appreciates by one naira in three months, has that 200k not been achieved?

@Iwerebor. I take that back. I read wrongly. I thought you meant you have 200k and want to turn it to 800k in 3 months.

@iwerebor,

I think insurance stocks look relatively cheap at the moment. Crusader and MBenefit are quite OK at present prices.

The insurance shares are crashing seriously, is it the right time to buy ? But then Guinea, MBenefits etc are not available.

Which stocks should I buy? I have 600k for this.

K2

@Iwerebor. The scenario of 200k to 800k in three months is called greed. I can also guarantee you that unless you do away with this overnight, sudden riches mentality, not only in the stock market but also other investment strategies in your life, you're setting up yourself to get burnt. You might have the luck of the draw and hit a 1% chance of success but I can assure you that you'd end up going away naked in the market square. I'd advise you go back to the drawing board and set realistic expectations on your investments. As they say, "Bulls make money, Bears make money but the Pigs get slaughtered".

No grudges, although I didn't say what you thought I said but I could say it and still be in my form as an investor, it is not called greed(that's a dirty word)
It is called ambition.
Robert Kiyosaki (in rich dad poor dad) said there is a limit to which you can fall: ground zero!
but there is no limit to which you can rise.
There are testimonials of stocks appreciating 5000% in the NSE. Who could have seen that?
Always Keep an open mind or someone would have proved you wrong before you finished explaining why it can't be done.

Iwerebor:

Thanks Easimoni.
Perhaps FBN is not the stock to pick for a three month time frame which is already counting. 2 Months before it's lifted and I was thinking mid august max! I can't possibly expect FBN to fly to the 50 naira mark I am aiming in one month.
Now what am I to do? I know next to nothing about picking stocks, was staking on FBN because of their pedigree.

Good investors here: how would you go about making 200k out of 800k plus in a three month time frame?

IF you can get First Bank to buy on the floor then you will make your 25% on your returns easily!!!!!!! That you can take to the bank.

However, if you are willing to stay for 1 year, 40% return on Nigerian German and May and Baker once the price bottoms out is achievable.

For those raving about insuarnce stocks, be careful!!!! The ones gaining price are the newly listed stocks with minimal trade on them. For example, no trade on Guinea Insurance today. Equity insurance traded only 15,000 units. On paper you can think of making gains. Reality is that you will not get those shares to buy until the supply has increased and the room for increase is reduced.

I believe in fundamentals. You can hardly go wrong. Look for undervalued stocks with growth prospect and have a medium term outlook. Most started investing on the NSE during the bullish run. It is not always like that and it will not continue to be like that. There will be correction at a point. Those with fundamentally sound stocks will be the ones to make profit or survive when (not if) the bears appear!

@ Wanajo,
Abeg, why do you say we should have a look at Nigerian German and M & B? What is your take on the promptness with which the NSE lifted the technical suspension on FBN? Thanks Man!

Atam-Man:

@ Wanajo,
Abeg, why do you say we should have a look at Nigerian German and M & B? What is your take on the promptness with which the NSE lifted the technical suspension on FBN? Thanks Man!

Nigerian German is undervalued. Price is coming down because of the 45k dividend without any bonus which seems not to meet the expectation of some people. But it is a company set for growth. See it bottom out and make a rush for it.

May and Baker is teh best in its sector right now. Their Bio Vaccine investment should start to yield money from next year. The dividend declared this year was not encouraging (30k). But expect them to make akill from teh bio vaccine factory. Note this is for the long term (not speculation).

As per FBN, I expect the suspension to be lifted within the next six weeks MAXIMUM. A lot depend on the result that they are going to declare. If it is only dividend, then teh technical suspension may be lifted way after the release of teh result.

However, if the result will include a bonus, I expect them to lift the suspension before the release of teh result. Whatever happens, the result must be out before the end of August!

@all,
Please save my soul, do you guys think it is okay to purchase UBA,UBN AND FBN now ?I got an advice from my broker that is better to buy them and keep for a period of one year.Hence my problem is i do not know if to say yes or no because i do not know if one will actually make profit on them looking at their prices in the market now.I am also afraid that if bought them the prices might not go up that what is there now and there are only two ways up or down.
Most importantly i need to let you know that i borrowed the cash for a short time period which i need to pay back.(One million naira)
YOUR ADVICE IS URGENTLY NEEDED.

wanaj0:

Nigerian German is undervalued. Price is coming down because of the 45k dividend without any bonus which seems not to meet the expectation of some people. But it is a company set for growth. See it bottom out and make a rush for it.

What is the catalyst for growth with NGC -- (in other words, what's going to fuel NGC's growth)?

I suspect that most of the insurance stocks are over valued.

Assuming we are still talking about 200k to 800k and in 3 months and you be in your form as an investor.  I'm familiar with Kiyosaki and if you read his Guide to Investing very well, you'd discovered he's against such supersonic ambition in the stock market. Go and familiarize yourself with his classification of types of investors. Furthermore, I'm sure you probably quoted out of context. Besides, investors that are well versed especially those familiar with matured markets know very well you could fall below ground zero and then some. Go and find out what the following terms are like calls, puts, naked puts, straddle, options, shorts etc    While I don't dispute that some might have made the 5000% you cited, it is not NORMAL TO REALIZE SUCH RATE OF RETURN IN 3 MONTHS. DON'T TURN EXCEPTION TO THE RULE.  For everyone that realized such gains, there're thousands that got burnt.  One of the advantages of NSE is that Naija is still an emerging market. They don't want to scare away investors. That is why they're still throttling the amount you could lose or gain in a day. Eventually this would be done away with; and with the introduction of stock derivatives, water would find its level. Several pigs would be slaughtered and folks who supposedly thought they were gurus during abnormal cycles of bull runs would be taken to the cleaners.

Iwerebor:

K2No grudges, although I didn't say what you thought I said but I could say it and still be in my form as an investor, it is not called greed(that's a dirty word)
It is called ambition.
Robert Kiyosaki (in rich dad poor dad) said there is a limit to which you can fall: ground zero!
but there is no limit to which you can rise.
There are testimonials of stocks appreciating 5000% in the NSE. Who could have seen that?
Always Keep an open mind or someone would have proved you wrong before you finished explaining why it can't be done.

@ Windywendy, Thank God you are here. I've been trying to discuss with folks from stockmarketnigeria but since the forum don pafuka now na wa sef. Anyhow, have you seen Grief Nigeria PLC, the EPS looks real good if it's current. They've undergone some restructuring, just paid a dividend and I'm leaning towards the stock being undervalued. But as goodluck would've it with just like any other Naija companies it's hard to see some past results. I could only pull until 2005. There's a press release of their recent end of year (words only) no figures. Take a look and let me know if you could pull additional info and your thoughts.

What business is Grief Nigeria PLC into?

Enough of the beef with Iwerebor! Read his post (#1573) carefully. He wants 200k profit from a 800k investment and not the other way around. Still a challenge though. I suggest Wema bank.


@ K2
Greif makes drums and the EPS is real and impressive. Look at the volumes being traded. can't see it? There isn't any! If you find any to buy, please let me know.

I need to buy CCNN. Anyone willing to sell?

FIRST BANK SUSPENSION LIFTED!

Proshare News and Analysis
Dealers Perspective 250707
Posted Wednesday, July 25, 2007


After the successful completion of the twin offer (both Rights and Public offer), technical suspension was today lifted on the shares of First Bank. The interests in the stock remain huge on the heels of massive over subscription witnessed in the primary market. 

http://www.proshareng.com/myproshare/portal_news.php?id=2670

NBA:

FIRST BANK SUSPENSION LIFTED!

Proshare News and Analysis
Dealers Perspective 250707
Posted Wednesday, July 25, 2007


After the successful completion of the twin offer (both Rights and Public offer), technical suspension was today lifted on the shares of First Bank. The interests in the stock remain huge on the heels of massive over subscription witnessed in the primary market.

http://www.proshareng.com/myproshare/portal_news.php?id=2670

This is a very good news man , and the stock gained 5% on the first day after the sunpension was lifted , are we gonna see the same bull run like we saw with dangote sugar ? hopefuly .
and if that becomes the case then man am on my way to some good time as i got them stocks long time from the floor , so no waiting for the certificate for me

windywendy:

What is the catalyst for growth with NGC -- (in other words, what's going to fuel NGC's growth)?

Chemicals, Pharmaceuticals and their new oil services subsidiary. They are supplying chemicals to the oil companies and with the local content policy, they are game!!!!!

Compare with CAP PLC, it is undervalued. They only need to declare bonus for YE 2007 and you will see the price hit the roof. Price comeing down now based on the 45k dividend which is beileved as unattractive.

otokx:

What business is Grief Nigeria PLC into?

Greif Nigeria Plc is former Van Leer Containers Nigeria Plc.  They had a change of name sometime around April last year. Their business is Packaging.
They are into Manufacturing of Containers like Steel and Plastic Barrels, Drums and Pails.  It appears they produce Pulp and Paper as well.  I got these info from:

http://www.mbendi.co.za/orgs/ce7q.htm and
http://goliath.ecnext.com/coms2/product-compint-0001341029-page.html
http://www.greif.com/locations/default.asp
http://www.karakataonline.com/stocks.html

@ Wanajao,
Could you please supply info on number of volume traded and as well as number of deals on Grief Nig. PLC in the last 3 trading days. I have tried to no avail. Thx.

My people, i have been away for a while - Abeg what is Ashaka Cement's story - what happened to them, is having a toll on other bells in the same sector, or so i perceive,

K2:
While I don't dispute that some might have made the 5000% you cited, it is not NORMAL TO REALIZE SUCH RATE OF RETURN IN 3 MONTHS. DON'T TURN EXCEPTION TO THE RULE.

Well put. Many people on this thread are unwittingly setting themselves up for a fall with their unrealistic expectations of the market.
Like they say ' dont confuse a bull market with brains'. Anchor all investment decisions on sound fandamentals.

Well I do have a problem. I would like for the experts in the house to help out on. I sold part of my Zenith Bank shares to meet an immediate emergency, I sold them then at N61. but now that I have the cash back, do you think it'll be wise to buy back into zenith bank and lose some few bucks since its selling now at N62. Or should I just forget the zenith bank and buy something else with the cash? Your reply would be best appreciated. Thanks

@ ALL,

At Wall Street its very very bad for stock market today will this affect Nigeria stock markets?

Stocks Plunge; Dow Down More Than 310

Wall Street suffered one of its worst losses of 2007 Thursday, leading a global stock market plunge as investors succumbed to months of worry about the mortgage and corporate lending markets. The Dow Jones industrials closed down more than 310 points after earlier skidding nearly 450.

Investors who had been able for months to largely shrug off discomfort about subprime mortgage problems and a more difficult environment for corporate borrowing finally decided it was time to sell after the Commerce Department issued another disappointing home sales report.

Feeding the plunge were concerns that higher corporate borrowing costs will curb the rapid pace of takeovers that had driven stocks
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higher this year. Investors also feared the sluggish environment for home sales and continued defaults in subprime loans would spur debt defaults and weigh on corporate earnings.

While stocks plummeted, investors poured money into the safe haven of the bond market. The soaring price of Treasurys pulled yields lower, and the rate on the 10-year note plunged to 4.79 percent from late Wednesday's 4.90 percent.

"Worries that have been out there for the past couple of years are coming to a head right now," said investment strategist Edward Yardeni, president of Yardeni Research Inc. "It's show time."

Thursday's trading was the latest and most extreme in a series of frenetic sessions over the past month -- many also accompanied by triple-digit swings in the Dow -- as investors sold on worries about the subprime fallout or bought on optimism that there wouldn't be any widespread problems caused by mortgage failures. Many analysts have described the back-and-forth trading as overwrought and based more on gut emotion than careful consideration of market and economic fundamentals.

Most unlikely, i do not think the NSE have got that kind of sophistication and advancement to be affected with happens at wall street , thats my take on it anyway .

BabaOlu:

@ Wanajao,
Could you please supply info on number of volume traded and as well as number of deals on Grief Nig. PLC in the last 3 trading days. I have tried to no avail. Thx.

No trade in GREIF since the beginning of this week. It is not a liquid stock

SavvyLanre:

My people, i have been away for a while - Abeg what is Ashaka Cement's story - what happened to them, is having a toll on other bells in the same sector, or so i perceive,

Ashaka is having one basic problem Not able to grow profit due to drop in production volumes. This was being compensated for by increase in price. The only 'good' thing is the huge cash reserve that they have. Was surprised that Ashaka did not go for any expansion.

Going forward, Ashaka will face competition from BCC and Obajana since they basically target the same market.