I heard first aluminum is on technical suspension for their Public offer. And the stock might be bearish for the short term. The current price on the market is 5 naira and the po price is 2naira. Gurus do you think the price would fall below that 2naira after the offer? If yes, then its better i buy after the offer. Am i right ?

adewaleafolabi:

I heard first aluminum is on technical suspension for their Public offer. And the stock might be bearish for the short term. The current price on the market is 5 naira and the po price is 2naira. Gurus do you think the price would fall below that 2naira after the offer? If yes, then its better i buy after the offer. Am i right ?

You're right of course.Wait to buy on the Floor.If PP's are going for a dime a dozen on the floor now.Better to wait. They actually plan to use a lot of the money to reduce (NOT CLEAR OFF) their debts. So less interests payments in some time to come.

husu:

@ father of 2,
Longest time!!, floor mills messed up big time,#1 dividend for formerly #100 stock.Oceanic and Skye representing,gain max today,But the trouble is how far will they go?

CICO don full grand oh.

Yippe i don become guru too
seriously speaking its as if Uba has started gaining some momentum and my Japaul oil is just looking like head of goat. But i still believe that the dry bones MUST rise again. IAINSURE- what's their story ? Its tempting to get in but i feel that stock has some issues. what do you think of it ?

Have you got access to intercontinental or skye bank checks with FAT accounts?
I have 'connections' within those banks who can do magic. EFCC-proof. All we need is a copy of an issued check

Call me on 07034417145 for details

@Father of two,
So far so good.Skye bank still full of energy,let's see how far it will go

husu:

@Father of two,
So far so good.Skye bank still full of energy,let's see how far it will go

O men this is the REAL DEAL oh, money is flowing into the market well and month never end.Wetin go happen when salary enter next week?.
Flour Mill don add 8.5% so far, more juice go still dey.
CICO  CICO every where, wetin i go do nah, where the money when you need this tin eh.
DSR na laser beam i take dey wash you oh.Make e wait for me before e do crossover by August ending.
UAC-prop and Unilever still being the good boys they are.

@father of 2,
Oceanic is giving up,why? skye about to loose steam.e be like say unilever still get plenty bulls,UAC just started moving.

Any news of when Sterling bank reconstruction will be over?

@ All

Does anyone know a quick link where I can get the daily stock positions on the NSE,I mean the one that indicates upward price movements in green,downward in red and non-movers in blue just like it used to be in the old NSE link before they started asking for link activation that doesn't work.

PS;The TRW link is not bad but I need something more detailed as above
Thx

i am ebuka ibe form enugu pls how can i be geting a Stock Market alert email chiboyibe2007@yahoo.com
thanks

ebus404:

i am ebuka ibe form enugu please how can i be geting a Stock Market alert email chiboyibe2007@yahoo.com
thanks

ebuka register with proshare at www.proshareng.com, also register with fsdh,check prices at http://www.trw-stockbrokers.com/nsetoday.aspx . even nigeriansecurities.com There are many of them so numerous to mention.

Talking of smart stock market tips, here's one golden rule I work by: a company that exercises some degree of monopoly in it's environment or industry is a good investment prospect. For instance, I am certain of Starcomms as a good investment option. I got some good tips on starcomms stock. check link (www.myjournalnigeria..com).

And this same rule makes me know that Access bank is a good stock to watch out for.

penwizard:

Talking of smart stock market tips, here's one golden rule I work by: a company that exercises some degree of monopoly in it's environment or industry is a good investment prospect. For instance, I am certain of Starcomms as a good investment option. I got some good tips on starcomms stock. check link (www.myjournalnigeria(dot)(dot)com).

And this same rule makes me know that Access bank is a good stock to watch out for.

@penwizad,
How do you mean by access exercising monopoly?,Please explain

Not bad for a friday, as we don enter August, money don enter my hand as with many others.
More fuel for recovery next week.
Many more CICO's to strike next week.Need to run away from Unilever on Monday b4 i'm caught. I'm staying PUT in UAC-prop.

FatherOF2:

Not bad for a friday, as we don enter August, money don enter my hand as with many others.
More fuel for recovery next week.
Many more CICO's to strike next week.Need to run away from Unilever on Monday before i'm caught. I'm staying PUT in UAC-prop.

Fatherof2, it is good to have you back.

Yeah Husu,
I do believe that access bank has some unique niches and respect that makes it an attraction for investors. For instance, Access bank won a 2008 Thisday Newspapers award for ' brand of the year'. It is also reckoned as the most prefered Nigerian bank international trade in Nigeria by a number of international bodies.

I read in the a profile on the company that it is the first Nigerian bank to develop an online shipping document tracker, the first to develop an online car lease, and I know that they have a very unique women's entrepreneurial programme.

My thinking is this: A bank that comes up with many firsts, has strong international and online presence is very attractive. And although it is not always the case, 'First' signifies a certain amount of mastery and monopoly in those areas where it leads. I think it is a respected bank. And in the world of business, respect breeds trust. And if people trust you, they will give you their money

@ father of 2
where would i get financial ratio of each sector on NSE? Eg p.e ratio of banking sector, price/sale ratio etc? Thanks
How do u c am gona exit oceanic on monday, i feel it gona shed due to influence of profit takers. And my entry waz 22.5. I dont want to be burnt inside again.

hello, seun,
i think am beginning to have interest on this stock of a thing.

debenzd:

Fatherof2, it is good to have you back.

How is you madam ?.

Abu-Maryam:

@ father of 2
where would i get financial ratio of each sector on NSE? Eg p.e ratio of banking sector, price/sale ratio etc? Thanks
How do u c am gona exit oceanic on monday, i feel it gona shed due to influence of profit takers. And my entry waz 22.5. I don't want to be burnt inside again.

Not very clear for me, do you mean ratios for individual companies per sector or just sector average ratios?.
On oceanic at the price you bought, there is really no point incuring an unnecessary loss.Nothing has been gained so far at N23 and you'll actually make the
management loss if you sell.It will definately even get to N19 on this next descent, but i think we are coming to the end of the road,just buy more wen it gets to N19, the next ascent should help it or come close to make a ZERO crossover on the MACD, then we could breathe a sigh of relief. Anything still below zero can still deliver bad surprises. Only good ,sharp CICO masters can ride the wave.

@father of2
i want to use price to sale ratio to determine if the coy is overvalued. First i will divide market capitalisation by the company revenue. Then to evaluate my work i ve to get price/sale ratio of the sector where the coy belongs to. I hope u get what i want.

FatherOF2:

How is you madam ?.

I dey o!. My 2month old son no let me see road.

Thanks as usual for all your pointers.

Fatherof2,

I bought Zenith @ an average of 40.8. I really hope they will perform.

Their result is suprisingly due. I am sure the market has affected them. They never miss releasing results on the last day in July.

FIRST BANK OF NIGERIA PLC AUDITED YEAR-END RESULT FOR THE PERIOD ENDED 31 MARCH 2008


TURNOVER
155.290

PROFIT BEFORE TAX
47.690


TAXATION
-10.670

PROFIT AFTER TAX
36.540


PROPOSED DIVIDEND
N1.20




PROPOSED BONUS
1 FOR 4




CLOSURE DATE
8TH AUGUST, 2008



PAYMENT DATE
29TH AUGUST, 2008

debenzd:

I dey o!. My 2month old son no let me see road.

Thanks as usual for all your pointers.

Wish tine you take bon con still dey do stock market wahala?.

You suppose get sontin for zenith sha at that price.They know how to deliver.

Abu-Maryam:

@father of2
i want to use price to sale ratio to determine if the coy is overvalued. First i will divide market capitalisation by the company revenue. Then to evaluate my work i ve to get price/sale ratio of the sector where the coy belongs to. I hope u get what i want.

Sorry i don't have this. You don become value investor.

What about our Rolls Royce Phantom?. E don land?.
I know " ENJOYMENT DELAYED IS NOT ENJOYMENT DENIED".

father of 2, ibeg you if u read this , join us at newnaija.com. i don miss u die ooooo. pls come and lets killo this nse lull.

@father of2
ke value investor. No time cico is nt permitted all time are equal depends on your determinations. I bought diamond last fifteen dayz at 13 and exit at 15. And now i don park de wait for bus.
My Roll Royce don reach ground. Na presco do the job.
Is good one to have different type of policy i alwayz buy a at coy which even things fall at part i can hold it for long period. That one no headache.

Is it advisable to invest on stocks now just for short period becos I'm scared of this price falling?

Why the massive selling again?,these brokers follow dey spoil this market oo!!

FatherOF2:

I know " ENJOYMENT DELAYED IS NOT ENJOYMENT DENIED".

Fatherof2, my ribs are about to crack from laughing.

That is exactly how I feel. Soludo and im people just pour sand for my garri. But I have learnt a lot though. My itchy fingers and need to buy every week has been curbed. I no mind to buy only once a month as long as na fundamental coy and good price.

Even my son came in the midst of the bear season to help bring back the bulls. Alas, no luck.

I am glad though that Diamond has released their results. Hopefully, one can come out even if it at break even price but I may await 1st qtr results.

What do you think of FCMB? The MACD is looking good. I get some for there too.