Just spoke to my broker who also confirmed Deap Capital are planning a public offer.It means money could be trapped there for 2 months when they go on TS.Standrd Alliance will be out with their public offer MArch 1st(caveat Emptor)!So na till April for those wey get shares for there!

easimoni:

Russia's UC RUSAL restarts Nigerian aluminium smelter
Fri 22 Feb 2008, 12:48 GMT

MOSCOW, Feb 22 (Reuters) - Russia's United Company RUSAL, the world's top aluminium producer, has restarted Nigeria's sole smelter, which had been idle since 2000, UC RUSAL said on Friday.

UC RUSAL said in a statement it planned to completely modernise the Alscon smelter in southeast Nigeria so that it can reach full capacity of 197,000 tonnes a year in 2010.

It said total investment in the smelter's upgrade would be around $300 million.

The smelter was built in 1997 but produced just 40,000 tonnes of metal before closing three years later. RUSAL paid $250 million for a 77.5 percent stake in Alscon in February 2007.

The plant had originally been expected to restart in December, but this was delayed by a dispute with the local community over dredging of the Imo river, and the kidnap of six Russian workers at the plant in June.

The hostages were released unharmed after two months in captivity.

The Nigerian government retains a 15 percent stake in Alscon, while Germany's Ferrostaal AG has 7.5 percent. (Reporting by Aleksandras Budrys, Editing by Peter Blackburn)

http://africa.reuters.com/country/NG/news/usnL22169404.html

Gurus,
anything for the boys? Is this why Aluamco is firing? Any link btwn Alscon and Alumaco? Wendy na u esp.

No direct link betwn alscon and alumaco as far as I know. But the thing is: alscon is upstream while companies like alumaco and FAN are downstream. One of the biggest problems of the downstream aluminium companies is the fact that they have to import the refined aluminium. Aluminum prices worldwide are very volatile (upwards) and so it's been very costly for downstream companies to operate efficiently -- that, plus the fact that the ones in nigeria have to rely on erractic power supply which is crucial in the aluminium production process.

If the refined aluminium is produced in nigeria, this will save the downstream companies a lot of cost! With a company like FAN whose production factory is located in PH, alscon coming into production will save them costs both of importing and transportation, since alscon is located not far from them. The good thing about the alscon coming on stream is that the government owns about 30% of the company, so i'm guessing that they might force rusal to sell some of the refined aluminum locally -- to help local fabricators like FAN, even if selling internationally will be more profitable. So what can I say Better days are definitely ahead for FAN, assuming they can get their other costs under control.

Fatherof2 and myself had a brief discussion about this on Jan. 23 (you can go back and read the posts for more info) and here's an excerpt of one of the posts:

_{**disclosure** I've since cycled in and out of FAN (in at average of 3, out at 5.4) and might be recycling in again if I see another opportunity}

windywendy:

. . .  since refined aluminium is an essential raw material used by these aluminium companies, sourcing it locally (instead of internationally as they're currently doing) will go a long way in  improving their bottomline. . .

CICO SWEET OOOOOOOO.

Just offloaded 300kgs of Oasis Insurance I bought last week for 5 naira at 6.09kobo.The high for today.The person wey buy am get liver sha.

Mr. Risky:

Windy, thanks for the response.  But I was thinking you would add some ingredients, like telling us about Deap Capital, what they are into blah,blah its future.  Just in case you know sha.  You know you, Wanajo, Pumping777 have a way of using good technical oyibo to tell us about company "bottomline", "upside" and "topline" etc etc.  Actually, what do you know about this ambitious company.  Please don't feel I am taking you for granted, you have been quite generous to us all.  thanks

Chei, see lazy man   You no sabi google?

Anyway, I've uploaded their last prospectus for you. See link below.

http://www.megaupload.com/?d=9RM30K6Z

Another thing you can do is look through Ebony9ja's posts, he's the DEAP CAPITAL guru  

@All

Its been an interesting time catching up with this thread today o.  

Thanks everyone for keeping it so lively.  Business, jokes, education and what have you.

The best forum I have ever been part of.

@AkTop,
That gun part,  I for buy am off you o.  you get the gist?
How much do you want for it?

@Pumping777
What can I say?  Just keep pumping.

@easimoni
How is H-Town?  

@wanaj0
Me I no no say baba too dey RUSH OUT/ZOOM OUT when ocassion demand o. Its good always to read your comment.

@Napoleon
We haven't see you here today.  Your posts are real pot of knowledge. Keep them coming please.

@Frankriri
Thanks for not forsaking us

SGN:

@All
@wanaj0
Me I no no say baba too dey RUSH OUT/ZOOM OUT when ocassion demand o. Its good always to read your comment.

@Frankriri
Thanks for not forsaking us

No problem. U are welcome. No blame Wanajo , Even me sef dey sneak into fundamentaly sound stocks and Sneak out when my investment objectives are met.

pumping777:

Obama you don win o, patapata you go win forever, Obama!!!!

Go Obama Go!! Wey them?!

I think I am beginning to think that the guy will win and should do a good job.

moche:

I am very sorry because i know this is not the right place to post this but since trading has not started ,this can help in deciding between Obama and Clinton if u can vote.

When Hillary Clinton threw her hat in the senatorial ring in 1999, one Sikh donor with business interests in India enriched her to the tune of $50 thousand-and she enriched him with access. The Sikh is a millionaire whose circumstances suggest may be living on "borrowed" wealth. The man is hotel-restaurant mogel Sant Singh Chatwal. Chatwal a naturalized citizen from India who initially raised $500 thousand for Clinton in a fundraiser in his Upper Eastside penthouse. Chatwal reportedly committed 14 entities controlled by him to donate $210 thousand of that amount to Hillary's first campaign for the US Senate. Not in the least surprising is the fact that Chatwal is also a key Trustee of the William J. Clinton Foundation.
Chatwal, a US tax deadbeat since at least 1996 (and a debt deadbeat before that) began donating to Bill and Hillary Clinton early in the Clinton years. The Clintons reciprocated (that old political quid pro quo) by approving grants to Indian-American advocacy groups that were used to finance the outsourcing of jobs from the United States to India. Beginning in 1996 Cisco Systems (another major Clinton donor) began laying off $60 thousand-plus high tech employees and replacing them with new hires from Bangalore, India for about half the dollars. Cisco Systems justified the hirings, claiming they could not find qualified employees in the United States. By 1998 Cisco had only a handful of Infosys Technology workers overseas (Infosys is an outsourcer of jobs to India). Most of their 850 employees are now Indian. (Infosys has just launched an IT subsidiary in Monterray, Mexico to outsource outsourced jobs from India to Mexico.) In 2006 Newsweek reported that Cisco System's R& facility-employing 3,000 people, would be located in India. (Bill Clinton received $300 thousand from Cisco in 2006 for two speeches at $150 thousand per speech. Cisco employees-those who still had jobs-donated $39,450 to Hillary.)
Bill Clinton invested upwards of $50 thousand in an Indian bill paying company through his WJC Investments, LLP when outsourcing became a hot property. The company, Easy Bill Limited, is an Indian corporation. Easy Bill functions as a one-stop bill paying outlet for utility bills, credit card bills or any other debts you pay online. (It's website, www.easybillindia.com (does not conceal from anyone interested in billing collection services that they are outsourcing to India).
In 2004 Congress-and several States-attempted to enact anti- outsourcing laws. In March, 2004 the Senate approved an amendment by Sen. Chris Dodd [D-CT] disallowing tax dollars from being used to facilitate the outsourcing of American jobs. A day earlier, Congressman Bernie Sanders [I-VT] (now one of Vermont's two US Senators) introduced a bill that would deny grants or loans to any company that outsourced jobs if they laid off workers in the United States to a greater level than layoffs of employees in any other country in the world. Several industrial States attempted to enact anti-outsourcing laws that year, but those bills either failed and were defanged before passage.

As pressure mounted to kill outsourcing, Hillary Clinton, John Kerry, and Chuck Schumer were instrumental in created the Senate India Caucus (which was "coordinated" by the US India Political Action committee) to lobby Senators who were attempting to derail job outsourcing. When the Caucus was formed, Hillary Clinton told Roll Call that ", [i]t is imperative that the United States do everything possible to reach out to India. This Caucus is dedicated to expanding areas of agreement with India and engaging in a candid dialogue of differences." With their money in her pocket, what else could she say? Hillary is a co-chairman of the Caucus. On the House side, Hillary's allies are House Speaker Nancy Pelosi and Congressman Joe Crowley [D-NY]. (If your job has been outsourced, you now know who to thank.)

In 2005 when it appeared outsourcing would have stiff penalties, Clinton and Chatwal went to India on Feb. 28 to personally assure Hillary's constituents in the New York suburbs of Punjab that outsourcing was safe and that the United States government would make no attempt to save the jobs being lost to outsourcing. (At a recent fundraiser hosted for Hillary by Dr. Rajwant Singh at his Potomac, Maryland home-who raised $50 thousand for Clinton that evening-the Senator joked "I can certainly run for the Senate seat in Punjab and win easily."
Meanwhile, back to Chatwal. In March, 2007-after Clinton and Chatwal returned from India-Chatwal committed to raising $5 million for Hillary's presidential campaign. "Outsourcing," she had assured her "Punjab" constituents in India on Feb. 28, 2007, "will continue. There is no way to legislate against reality. We are not in favor of putting up fences." Not even, apparently, one on the border. Shortly after returning to the United States, the Delaware-based IT Professionals Association of America [ITPAA]-which represents IT professionals nationwide-voted Hillary Clinton its "Weasel Award," which is given each year to business and political leaders who betray the trust of the American people.
Unlike Clinton fundraiser Norman Hsu who stole over $1 million on his road to being Beijing's 2008 Straw Man to infuse Hillary Clinton's campaign with yuan, Chatwal was accused of defrauding the New York branch of the Bank of India out of $9 million he borrowed from them in 1994 and never paid back. As he prepared to board a plane with Bill Clinton in 2001 he was arrested because he owed the City of New York $2.4 million. He posted a bond and flew to India with Clinton (perhaps to visit Hillary's constituents in Punjab). He was arrested in India on the Bank of India matter. He posted bail equivalent to $32,000 and jumped bail by boarding a flight to Vienna. After borrowing that $9 million, he borrowed $14 million from the First New York Bank for Business-and skipped. The bank failed. The FDIC sued him for obtaining improper loans from a bank-Chatwal was one of the bank's directors.
Chatwal is a tax deadbeat who believes only the working class pays taxes. And, with the help of Bill and Hillary Clinton he made that belief a reality. Chatwal, who was contributing handsomely to the Clintons at the time, testified in his court hearing that his net worth was $2,600.00, and that he had less than $100 in cash to his name. Yet, he lived in a 7,000 square foot luxury penthouse apartment. In a settlement with the Clinton Administration's FDIC, Chatwal agreed to pay the federal government $125 thousand-and the government agreed to drop its allegations that Chatwal defrauded the bank and made false financial statements to hide his assets. The American taxpayers absorbed $13.9 million of the loss and Chatwal continued to financially enable his friends in the White House. (Chatwal said the penthouse was purchased by his wife, Pardaman, for $1.8 million in 1987. The loan came from another bank where Chatwal served as a director. Ownership of the penthouse was transferred to a real estate company owned by Chatwal's brother, Iqbal Chatwal. Sant Singh Chatwal occupies it with "an oral lease." It is unclear whether or not that loan was ever paid back. Chatwal's history of paying back loans suggests it was not. The transfer of ownership appears to have been used to dispose of the penthouse to avoid repossession by the bank.

Chatwal claims that, at one time, he was worth $45 million. When he filed personal bankruptcy he also filed for Chapter Seven bankruptcy protection on his 56 Bombay Palace restaurants. Chatwal owed the City of New York more than $2.4 million in back taxes which have never been paid. The IRS is chasing Chatwal for $4 million in unpaid business taxes and the State of New York is chasing him for more than $5 million in back taxes. Across the ocean, India wants to put him on trial him for bank fraud. Yet, when reporters asked Clinton spokesman Phil Singer if there was anything in Chatwal's background that should be a cause for concern (after the Norman Hsu flap), Singer said, "No, " adding that major fundraisers are routinely vetted ", through publicly available records." (Which ones, I wonder? All of the information in this article came from "publicly available records."
Meanwhile, back to Hillary Clinton. Despite the aggressive courtship of labor unions by the upper tier Democrats (i.e., Hillary Clinton, John Edwards and Barack Obama), the major unions have withheld their endorsements as they scrutinize the candidates over their position on one core issue-the job drain to countries without binding arbitration rights for labor. Before they rubber stamp the next nominee, labor wants [a] a definitive explanation how that candidate will stem the flow of jobs-in particular the large number of high paid service and technology sector jobs-that are being taken over by outsourced low income workers in India, and [b] they want signed pledges from the candidates that they will stop the drain.
Labor unions are taking a close look at the histories of the Democratic candidates-and some labor leaders have found Sen. Clinton's record alarming. Thea Lee, policy director for the AFL-CIO said ", [t]he India issue is still something people are concerned about. Her financial relationships, her quotes-they have both gotten attention." But even more, Clinton-who needs the endorsement of big labor to win the nomination-has had closed door meetings with Big Labor to explain her ties with Chatwal and the Indian companies that are profiting from contracts with American corporations who are outsourcing their jobs to increase their profit margins.
Labor is pressing Clinton to mitigate her support for expanding temporary work visas. The AFL-CIO has questioned the Senator on the help she provided to an Indian company that was allowed to establish an American beachhead in New York state. Hillary Clinton-like most liberals who think you can take a worker's $60 thousand per year job and give them welfare and schooling allowances to retrain them to survive on a $30 thousand service sector job a year or two down the road-after they lose everything in a bankruptcy that's now almost impossible to file-has sponsored legislation to provide retraining funds for American workers whose jobs were outsourced ue largely to her efforts and those of her liberal allies in the US Senate.
Clinton has declined repeated requests from the liberal Washington Post for an interview about her version of the outsourcing story. Her spokespeople claim there are no inconsistencies between statements she has made here or in India with regard to her conduct as a US Senator. The Senator, they said, believes in the free enterprise system and she opposes legislation to restrict outsourcing since that would be a restrain of free trade-even to slow the loss of American jobs. But, they added, she has worked hard to provide funds to assist workers who lost their jobs due to outsourcing. In an added insult to the American people, another Clinton spokesman said Hillary ", believes that we must make sure that we are not allowing other countries to take advantage of American workers, and that we do not have policies in place that actually promote outsourcing of American jobs."
At a recent fundraiser in Los Angeles, the host of the event, Nadadur Vardhan told his guests that they should support Hillary Clinton because she will shift more jobs to India. At another fundraiser, Hillary pledged her support to the Indian community and pressed Indian companies to invest more of their profits in the United States to pay the country back for the jobs they got through outsourcing. "If the United States continues to outsource jobs to India in increasingly large numbers, people will begin to feel insecure and may very well seek more protection against what they view as unfair competition. America is not just a marketplace to get a foothold in. It's a place to make lasting investments that will create jobs and economic growth for everyone."
Sanjay Puri-the head of the nation's largest Indian-American fundraising PAC-noted that ", [t]he Clintons made a special effort. They went to India. They made a real attempt to reach out to Indian-Americans at a time when no one else had done that." If that's true, then we can blame the Clintons for every outsourced job that went to India. India is, after all, Hillary's second most important constituent-after China. it's a shame she doesn't fight for the people of New York-or the United States-as hard as she does those who fill her war chest. Too bad the people of the People's Republic of China or India don't vote here. Hillary could use the votes.
Between Bill and Hillary Clinton, the Clintons have made 8 trips to India-and scores of fundraising visits to Indian-American PAC groups within this country. One of the Clinton's India-connections Vinod Gupta, the founder of a Nebraska data processing company who had donated over $1 million to Clinton political causes during the Clinton years-and who paid "private citizen" Bill Clinton $3.3 million as a business consultant.
I guess the 1992 campaign rhetoric Bill Clinton used to describe the co-presidency still applies. "When you elect one of us, you get both." Only this time it isn't the love-hate co-presidency of Billhilly Clinton, its the co-senatorship of Hillbilly Clinton. The first time around, Hillary took the gratuities Bill couldn't take. This time around, Bill is taking the gratuities Hillary can't take. And, between them both, they licked they platter clean. The Clintons apparently still believe the adage, "You can con some of the people some of the time, but when the media remains silent, you can con all of the people all of the time. Or, at least, you can escape due process."


Will voters in Texas and Ohio, particularly blue collar workers who have seen jobs disappearing thanks to the efforts of both Hillary and Bill Clinton hold them accountable for the many ways they have contributed to this downturn in the economy, or will they buy the bilgewater that is going to be supplied to them via the airwaves about Hillary's alleged superiority on the subject of the economy. A group of very wealthy individuals as well as corporate special interest groups (many from the state of California) have formed a 527 group which will allow them to exceed the maximum legal amount they can contribute directly to Clinton's campaign for the purpose of flooding the airwaves in Ohio and Texas with TV advertising attacking Senator Obama and claiming a fictitious mantle of economic expertise for Hillary. This "SWIFTBOAT-like organization" is run by former Aids to Bill Clinton (1994-1999), refuses to list the names of any of their contributors, has hired Hillary's chief campaign representative (responsible for recruting the Latino vote), Los Angeles Mayor, Villaraigose's ad producer, Mattis Goldman, to produce the TV ads that will target mostly white woman and white men in Ohio and Latinos in Texas.

Moche,

This is a whole lot of BS. This is just pure opp research.

GOOD DAY TEACHERS, LECTURERS AND HUMBLE STUDENTS LIKE MYSELF.

PLEASE I JUST SETTING MY APTISTOCK, BUT I AM HAVING SOME PROBLEMS WITH IT. EACH TIME CLICK ON THE "BROWSER" DURING THE SET UP, THE DOWNLOADER ALWAYS WENT OFF.

HELP NEEDED URGENTLY._{UMNHH HELP ME O!, OR ELSE ,}


THANKS!

A BEG MAKE UNA RESPOND NOW

Quote:Windywendy

hahaha! Great ke? That na AKtopgun, easimoni and londoncool o. Dem sabi no be small  

I don't have any stock recommendations today. The money you don make from the ones when I recommend never do you  

@Windywendy,

Haba! Why dress me up in borrowed robes (apologies to Shakespeare)? I'm only a silent listener to every conversation on this forum. As a Volume investor I carefully peruse every TIP here and apply my candlesticks for verification.I'm still learning.

Does anyone know who are the Registrars for UAC Properties ? I bought 3,000 units in 1996 @N3 per share and till now I have not seen any Bonus or Dividend Warrant from them.

shhhhhhhhhhhhhhhhhh, if you get eyes, shine am well well dey watch Julius Berger,

@Londoncool

I also have some issues with UAC Properties re: underpayment of dividends.
The registrars are:

UAC Registrars
Niger House,
Odunlami Street,
Lagos.

phone: +23412662628

Goodluck.

Samstone4

Mr. Risky:

And what about Livestock Feeds -  The thing has been heading north, and no stopping it.  ALL THE CANDLES please, AKT.  thanks

Not like i choose to be a silent reader, but most times the information i get is already posted by the time i check the site, but i always share any information that i know is not in the thread, Mr RISKY, I HOPE YOU FIND THIS RELEVENT AS WELL AS OTHER THE CICO/ RIRO/ INVESTORS. I think their end of year is in March so full year result might be expected in June.

RESULTS FROM STOCKMARKET NIGERIA .COM WEBSITE;
Livestock Feeds Nigeria plc a company listed in the agriculture sub sector of the Nigerian Stock Exchange has made public its half year result. A comparative study of the result and that recorded in the same period in the preceding year shows that the results were impressive. The company was able to increase its turn over by 68.68 percent from N268.17 million to N452.34 million. Profit after tax for the period stood at N23.7 million as against N9.5 million declared in the corresponding period last year indicating an increase of over 140 percent.

The company whose share price opened January this year at N3.63 has appreciated considerably reflecting the forgoing. It has no doubt delivered capital gains as the price has increased by over 65 percent this year, closing at N7.00 at the end of trading on February 20, 2008. Pundits are of the view that the price may likely hit the N10.00 mark before the end of the first quarter of this year.

Na wa o. Is the banking sector dead? Why are there no movements. Only first bank has delivered so far. Guarantee is trying but the likes of FCMB, UBA and Fidelity are asleep. Someone should please wake them up.

samstone4:

@Londoncool

I also have some issues with UAC Properties re: underpayment of dividends.
The registrars are:

UAC Registrars
Niger House,
Odunlami Street,
Lagos.

phone: +23412662628

Goodluck.

Samstone4

@Samstone,

Thanx for the info. I have just sent them an email <uacreg@uacnplc.com>

UBA daily stock position attached below

@ yodiyokun.
canadian enquiry email sent - please read in ur spare time.

@ all
does anyone in UK, US or Canada have an account with Lead Capital? they should get my application package by courier on monday. I was really uncomfortable when after opening an account with a previous broker - they just emailed my an account number and cscs number. upon requesting a physical letter posted to me or official letter scanned to me stating that account has been opened and and in my name to make it official, they declined and say they just send emails - since i have no way of verifying the validity of the account and cscs nos they are giving me - i just told them to close the account. so apart from cscs online monitoring there is no other way to verify the numbers brokers give

Anyway hope Lead Capital will issue an official account opening letter; also please who is the most responsive relationship officer there  

Finally, I am looking for a website where I can get FULL daily list of quoted coys - regency alliance has been listed but most lists i have seen dont have regency. list including 'stagnant' stocks in other tiers. www.nigerianstockexchange.com is acting funny - I have registered up to 50 times but still it doesnt let you log in to view price list. do u hav to pay?

people please reply.

Just got this from TRW Stockbrokers

CONSOLIDATED HALLMARK INSURANCE PLC WAS LISTED TODAY ON THE FLOOR OF THE EXCHANGE UNDER THE INSURANCE SECTOR AT A PRICE OF N1.94.

Consolidated Hallmark Insurance Plc, one of companies that scaled the last recapitalization exercise in the insurance industry with shareholders fund in excess of N3.5 billion, far above the minimum for companies in its category is determined to make bigger impact in the nearest future.

The company says it will be among the first ten insurer in Nigeria by the year 2010, with the hope of establishing its presence in the West African Sub Region within the nest three years.

Consolidated Hallmark is the product of merger of Consolidated Risk Insurers Plc, Hallmark Assurance Plc and the Nigerian General Insurance Company Limited.

Mr Eddie Efekoha, managing director and chief executive officer of the company in a media chat in Lagos said that the company with its new strength of strong capital and quality manpower is properly positioned to meet the needs of the various stakeholders.

He said that quality service delivery will be uppermost in its desire to attend market excellence, as plans are on to achieve market development through branch expansion and good product development. We are making plans to open four more new branches across the country before the end of the year.

Efekoha noted that an array of new products would be launched very, and this he note are part of efforts to meet the yearning needs of the insured.

Harping on the companies core values he said that professionalism shall be uppermost in the provision of its services which must be tied to integrity.

Besides that, customer relationship either with brokers or the insured, he noted must be cordial as well as cherished as that is the only way to remain in business.

The company which recently rebranded to reflect its new structure has ruby red in the logo, which according to the company is associated with harvest, vigour, willpower, leadership, courage and longing. These are what we deploy in our quest to depart from the hitherto conservatively style associated with the industry in the past, Efekoha said.

“we are on the fast track towards attaining the very height s in excellent service delivery to the satisfaction of all our stakeholders”

Buoyed by its mission statement to provide quality insurance and other financial services to clients using technology, highly skilled and motivated team thereby delivering exceptional returns to all stakeholders, the company is poised to achieve returns on investment, with plans already to via into other areas in the financial services sector.

What sayest the Candlesticks ?
.

@LondonCool
Is der a possibility we can get to buy there shares? (consolidated hallmark)
i know the newly listed Insurance coys are still scarce up till now. . .

@Wanajo, wetin person go do now? Abi u get cash borrow me?

tkb417:

@LondonCool
Is der a possibility we can get to buy there shares? (consolidated hallmark)
i know the newly listed Insurance coys are still scarce up till now. . .

At this period, the shares will be very scarce because many would not have got their certificate, so can't trade their with their shares, just a few that would do it through the back door or from "man to man." The case of Int'l energy insurance is still fresh in memory where the price was skyrocketing but nothin wey man fit do, as certificate never arrive. All of a sudden, dem announce share reconstruction, which shifted the goal post of the ability to receive certi and trade. The rest is history.
For me and my house o, no more PO/IPO again lailai!

but when will they all start appearing on all the daily listings - at least of all these broking firms?

tkb417:

@LondonCool
Is der a possibility we can get to buy there shares? (consolidated hallmark)
i know the newly listed Insurance coys are still scarce up till now. . .

@tkb417,

6bn Ordinary shares were listed today on the floor of the NSE. With an authorised share capital of N5,000,000,000 and N3,000,000,000 fully paid up, the company has opened new branches in Jos,Calabar,Oshogbo Akure and Maiduguri after their re-certification by the National Insurance Commission to continue as an underwriter of all classes of general insurance business including Energy and Special Risks.

I do not know who the core investors are or if any PP had been done prior to their re-certification. I suspect that there will be a swarm of speculators hustling and bustling for the speculative stock which would push the price then a share price reconstruction makes its truimphant entry on the scene.

From Monday we shall be curiously watching the Candlestick patterns on this stock.

A Question for the Gurs's (and the Guguru's too).

What is the advantage of having your Stock Broker opening an account for you as a Nominee Account in the CSCS ?
Will I still have access to the account? Could I purchase more units than the stipulated allotment sharing formular during IPO's/PO's ?

@Nairalanders

Japaul additional rights roughly:

0 - 20,000 25%
20,001 - 50,000 23%
-----  don't know
-----  don't know
500,000 - 5million 9%
Over 5 million 7%

Hope of use to some people.

Samstone4

@4wheel
thanks man. . .in fact, this is the best thread on NL

@Londoncool
thank you man. . .i bought about 70,000 units of Dunlop today and also about 28,000 units of livestock feeds.

i just read about Livestock in one of the posts here and im a bit ok with that.
what is ur candlesticks saying about dunlop?
Someone told me Cutix, i dont know jack about them and i dont just wanna sink my money without consulting the gurus
henceforth, you guys will be my last point of call before i place orders.

I dont wanna bank on what my broker is saying cos i bought NEM and Equity this monday and i tell you those things are dropping

Please, what do you think about Dunlop?

tkb417:

@Londoncool
thank you man. . .i bought about 70,000 units of Dunlop today and also about 28,000 units of livestock feeds.

i just read about Livestock in one of the posts here and im a bit ok with that.
what is your candlesticks saying about dunlop?
Someone told me Cutix, i don't know jack about them and i don't just want to sink my money without consulting the gurus
henceforth, you guys will be my last point of call before i place orders.

I don't want to bank on what my broker is saying because i bought NEM and Equity this monday and i tell you those things are dropping

Please, what do you think about Dunlop?

@tkb417,

Dunlop is one of my long term "Wild-cards" and I have been stock piling it for the past 2 months, except today.I expect N5 to be its new resistance level but I am only being speculative about it and not too concerned about the price yet. I am targeting 1m units of the Stock before the year runs out (positioning myself for 2009)

MEN!!!!!!! e don tey small since i visit this thread o, i have been very busy all week! and see the load of pages that have piled up for me to read
anyway God dey sha!

I hear person dey express wonder say person buy im insurance stock for 6 naira!!!!!!
Wetin you wan com talk about that person wen go buy 100k of trascorp this week nko? Na wondermenters be that one o

Anyway make una take am easy sha o!

My broker has not been able to buy any stock for me since January!!!
each time i place an order, he says he could not get it! even common IBTC of today o!  
e be like say na to dey fire prayer against all the enemy of progress from now on o!!!!!

Hi guys, I'm looking to invest into CRUSADER INSURANCE  coming out next month,hope it gonna be a good buy @5naira.

  I will appreaciate a good answer from guru's in the house.

 Thanks very much.

LondonCool:

@tkb417,

Dunlop is one of my long term "Wild-cards" and I have been stock piling it for the past 2 months, except today.I expect N5 to be its new resistance level but I am only being speculative about it and not too concerned about the price yet. I am targeting 1m units of the Stock before the year runs out (positioning myself for 2009)

you wan be chairman of the company