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Re: Stock Market Tips For Nigerians by pumping777(m): 11:11am On Feb 18, 2008 |
upward: yodiyokun hit the nail on the head when she said the insurance sector is a mine field right now. This will only put more pressure on a PO-Free insurance stock like Aiico. |
Re: Stock Market Tips For Nigerians by RoughCut(m): 11:12am On Feb 18, 2008 |
Naijadr: The mere fact there has been very heavy trading in this stock in this last couple of weeks would suggest that some peeps still know what was in the offing which obviously is not transparent to the innocent peeps who have been unwittingly caught up in this quagmire. I think it would take more than a board reorganisation and going on and coming off TSlost count how many times that has happened now to sort out this monstrous albatross that keeps following the NSE like a bad smell! |
Re: Stock Market Tips For Nigerians by oshkosh(m): 11:14am On Feb 18, 2008 |
If Transcorp was not placed on TS it would have reached 20 I doubt this was the reason for the TS. More likely to avoid the inevitable run on the stock. The share price would have crashed to < N2 in weeks. This populist and gallery singing goverment of ours are unlikely to rescind that decision that easily, hence this may drag on for a while. In the mind of most investors, this is a major setback. I bought Trascorp @ N3 during the PP and pulled out at N3.50 months ago. Not going back (unless I can buy for N2.00!) until there is light at the end of this very dark tunnel. The mere fact there has been very heavy trading in this stock in this last couple of weeks I think this had more to do with the imminent announcement by Transcorp of a strategic / technical partner with deep pocket. The goverment pulled the carpet under their feet! This Umooru goverment sef and their desperate, pupulist agenda ! |
Re: Stock Market Tips For Nigerians by MrRisky: 11:16am On Feb 18, 2008 |
AKT, My man, what is the Candle saying about TRANSCORP?? Bullish, nawoooooooooooooooooooooooooooooooooooooooo. Invited for a FUNERAL. STATE BURIAL, I HEARD?? |
Re: Stock Market Tips For Nigerians by promotion(m): 11:20am On Feb 18, 2008 |
TS on Transcorp at N4.20 (AIT money show) |
Re: Stock Market Tips For Nigerians by WASKYWAJA: 11:24am On Feb 18, 2008 |
Wanaj0 thanks you. Don't you feel that Fidelity is good for a long haul at N12.06? What do you think of first bank at that current price? should i load it? end of FYE is march. you think it will come down? is Zenith a buy now? pumping777 thanks for your correction. |
Re: Stock Market Tips For Nigerians by cmi(m): 11:34am On Feb 18, 2008 |
@Mr. Risky, u still dey look candle for Transcorp? Bros na cele candles you go need to take pray make d company no die o. Na dat one dem dey call - Monkey go dey chop, no matter what - and Baboon go dey look, but d more e look, d more e go think say e dey see! |
Re: Stock Market Tips For Nigerians by Temmie10(m): 11:39am On Feb 18, 2008 |
cmi:that cele candle na wah o my own take is that companies with dodgy corporate governence seem never to be able to come out of it. |
Re: Stock Market Tips For Nigerians by MrRisky: 11:42am On Feb 18, 2008 |
This is TRANSNATIONAL COUP DE TA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Placed not on Technical Suspension, but on TECHNOCRAT SUSPENSION. Bullish after TS. The undertakers, I just heard, are busy now for the FINAL RITES |
Re: Stock Market Tips For Nigerians by cmi(m): 11:46am On Feb 18, 2008 |
I'm sure people like Napoleon go don bail out LONG TIME or not even bought into the sham called Transcorp. I wonder how "investors" buy into a company without historical/financial data. Oh well, we have cowboys controlling corporate entities and the sheep following without direction. |
Re: Stock Market Tips For Nigerians by RoughCut(m): 11:46am On Feb 18, 2008 |
oshkosh: This will be plausible in the circumstance. Assuming there had been a run on the February 6excuse the pun stocks of the companies accused of share-price manipulation would they have been placed on TS? I suppose madam Ndidi can place Transcorp on TS at her whims and caprices because she's DG NSE and one of the directors of Transcorp in order to prevent panic-selling of the stock but this fore-sightedness does not extend to other stocks under selling pressure All is well! |
Re: Stock Market Tips For Nigerians by oshkosh(m): 11:58am On Feb 18, 2008 |
Has anyone here received their Oceanic Share certs from last PO? Anyone know the tel # for Oceanic Registrars? Make I call them sharp sharp b/4 tory enter. |
Re: Stock Market Tips For Nigerians by pumping777(m): 12:01pm On Feb 18, 2008 |
Has anyone got Diamond Bank GDR credited as ordinary shares? |
Re: Stock Market Tips For Nigerians by blueband(m): 12:02pm On Feb 18, 2008 |
Roughcut, That is Nigeria for you. Please can someone help me with CSCS contact details.I have been trying the numbers on their website for the past 2 hours.What is the use of a trade alert if you cannot contact CSCS to halt a sale? |
Re: Stock Market Tips For Nigerians by blueband(m): 12:04pm On Feb 18, 2008 |
Case and While Law & stockbroking firms are handling Diamond Bank GDR on the LSE. I contacted them and it appears the problem is from Diamond Bank in Nigeria.They don't seem to know what is happening themselves. |
Re: Stock Market Tips For Nigerians by wanaj0: 12:05pm On Feb 18, 2008 |
WASKY-WAJA: I will not BUY First Bank at current price. By my reckoning, there are better options. Fidelity, don't see anything special. Does not fit my consideration for long haul |
Re: Stock Market Tips For Nigerians by RoughCut(m): 12:06pm On Feb 18, 2008 |
blueband: Correct me if i'm wrong but i thought you can only halt your trade by giving your brokers the appropriate instructions. CSCS trade alert is to inform you what transactions have taken place on your stock-brokerage account in real-time. You need to get in touch with your stock-brokers sharpish! |
Re: Stock Market Tips For Nigerians by lawalidowu(m): 12:06pm On Feb 18, 2008 |
Transcorp TS!!!!!!!!1 No one saw this coming? @pumping; do know the reason why transcorp is on TS? |
Re: Stock Market Tips For Nigerians by Naijadr: 12:07pm On Feb 18, 2008 |
RoughCut: Shey there are levels and there are levels! The powers that be wanted a few days to sell off, and voila u have it RIP Transcorp, hope folks no put retirement money there o, get ready for a govt wrestle that could last most of 2008 as things are sorted out, sigh |
Re: Stock Market Tips For Nigerians by pumping777(m): 12:08pm On Feb 18, 2008 |
RoughCut: There is a free service which is just for information purposes. There is also the paid service for about N3,600/Year for private investors which allows you to reverse a sale once you get the alert. |
Re: Stock Market Tips For Nigerians by pumping777(m): 12:12pm On Feb 18, 2008 |
lawalidowu: Not sure why Transcorp was placed on TS. I guess it will be connected to the Nitel/Mtel sale. |
Re: Stock Market Tips For Nigerians by RoughCut(m): 12:16pm On Feb 18, 2008 |
[/quote][quote author=Naijadr link=topic=31554.msg1967747#msg1967747 date=1203332858] Come to think of it the the WEMA soap-opera is nothing compared with the macabre dance of death we seem to witnessing with Transcorp i still have 25KG of my luggage trapped in WEMA left-luggage |
Re: Stock Market Tips For Nigerians by aktopgun(m): 12:25pm On Feb 18, 2008 |
shebi we dey talk am for this thread over this weekend for here say transcorp is a disaster waiting to happen and people begin throw analysis and info based on wishes . the candles down blow out for transcorp o! ANOTHER ONE BITES THE DUST. If u are not a big time player(and by that i mean u if u are not ndidi, obj or other directors) it would be investment suicide to put ur hard earned dosh into a compnay like transcorp. Just my opinion. The biggest boys have it to spare(mostly embezzled of course ) and this TS shows they play games to which other investors don't know the rules. wasa reason given for the TS? were the papers filed last week abi when, wey nobody hear? Naija sha! this na executive fiat on NSE's (or should i say ndidi's part) |
Re: Stock Market Tips For Nigerians by ololufemi: 12:28pm On Feb 18, 2008 |
@ All, Just my take but I think I may take some loose cash that wont budge and purchase Springbank. Does anyone know what price it closed last. @ Fatherof2, baba, wetin be your advise as per this move. It is like jumping from the tracks unto a moving train. @ Wanaj0, Pumping777, Yodiyokun, aktopgun, Easimoni, Whats your feel on this move. My belle dey turn me on that stock and I get one funny dream about am |
Re: Stock Market Tips For Nigerians by pumping777(m): 12:31pm On Feb 18, 2008 |
ololufemi: Spring Bank closed last at N5.59 but I don't think the stock is being traded. Did you get an offer for it? |
Re: Stock Market Tips For Nigerians by wanaj0: 12:33pm On Feb 18, 2008 |
aktopgun: While not holding brief for Ndidi, a stock can be placed on TS for various reasons. NAMPAK and Cadbury are typical examples. When news that is unproven and uncertain is put in the public domain, NSE can place the stock on TS pending when there is more clarification on the info. Loss of NITEL by Transcorp may be a blessing in disguise if they know what they are doing. Firstly they over paid for Nitel. Secondly how will they get FG to bring their own part of funding for NITEL? NITEl should collect the money paid back and move to something else. I however expect the issue to end in court |
Re: Stock Market Tips For Nigerians by RoughCut(m): 12:38pm On Feb 18, 2008 |
ololufemi: The stock is on full-suspension and not TS!. So you can't even trade that stock! Or do you know something we don't? |
Re: Stock Market Tips For Nigerians by Inglewood: 12:45pm On Feb 18, 2008 |
Hi Everyone, I'm new on d block, thanks for the loadz n loadz of tips !!! Please can someone tell me if there's an online resource where I can access some naija companys financials (5-10 yrs back) like NBC and NBplc ? Thanks |
Re: Stock Market Tips For Nigerians by RoughCut(m): 12:55pm On Feb 18, 2008 |
wanaj0: An expensive and proctracted court case that will no doubt line the pockets of the lawyers! Even if the money Transcorp paid for 51% of the federal government's holding in NITEL/M-Tel is refunded then what have they got left? Nicon-Noga that is still haemorrhaging like a punctured blood vessel They will have to service the huge debt they took on to finance the deal so there goes all the money and if i'm right servicing the debts alone is costing Transcorp billions of Naira and i'm not even talking of the principal loan amount. Well they still have the N20B from the public and not so public offer This is just a sad sad situation |
Re: Stock Market Tips For Nigerians by TeeHay(m): 1:03pm On Feb 18, 2008 |
@ All, UNTL: Please don't have the impression that UNTL is no longer producing/or in businesss. They only CLOSED the northern factory since cost of production was escalating. They have factories (one in partnership) in 2 towns in W. Africa. My friend is a top management staff in lagos and they are fully operational. They feed the Nigerian market from their other factories in W.Africa. For me I see closing kaduna factory as reducing overheads, to ensure they concentrate on areas with beta margins, for some that translates to beta cost management and hence maybe better returns, anyway time would tell. Afterall, Michelin did the same and some her directors greatly applauded the bold step!! TRANSCORPSE: My ppl, every action on this stock shows it's highly manipulated. Imagime, purchase revocation announcement on Saturday and suspension of trade on stock the next working hour!!, Monday. All I can say is Madam NSE and cohorts can do all she wants but recall what happened after the wayo suspension, @ 9.71, when they go tired it didn't stop a freefall to 3.17 (Dec 3rd 07). I still wish my dear friends with kgs of transitional-corpse the hopeful best! |
Re: Stock Market Tips For Nigerians by dollyp1cute(f): 1:08pm On Feb 18, 2008 |
loma: THIS IS GUY IS FREAKING HILARIOUS. PLS DON'T LET THE FOLKS HERE BRAND ME AS KOLO GURL LAUGHING AT HER LAPTOP O MAY GOD FORGIVE YOU |
Re: Stock Market Tips For Nigerians by RoughCut(m): 1:09pm On Feb 18, 2008 |
TeeHay: That would make sense from the cost accountant's point of view but i doubt the thousands who lost their jobs would see it that way! Did you you actually say All is well! |
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