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Re: Stock Market Tips For Nigerians by BIGBOYLARY(m): 11:22pm On Oct 01, 2007 |
@ jehosaphat, how you doing hope u dey my brother more gbosa to your purse there is the juicy bash coming out of the house of OCEANIC BANK, just stay hook and be on the alert my crystal ball emanating BIG CAKE its unstopable has i said, @Skelewagy, JAPAUL OIL is a sure bet from my CRYSTAL BALL it as won $48.3m contract, and succeeded in winning a new contract for dredging and other marine services with SHELL and the contract will be executed within the next two years. The facilities & equipment that are required for the successful execution of the job are virtually on ground and other ones that will be hired to compliment the existing equipment are already ordered for. This is another milestone of successful story of Japaul and for the next two years income is guarantee for the company, additionally, there are other contracts that JAPAUL shall be signing before the year runs out and they run into millions of dollars. This is an indication that they will be able to meet up with our various dividend projections for the year 2007 & 2008, the only indigenous company competing with the foreign oil companies. Also the monopoly enjoyed by the company in its sector of operation, am of the opinion that JAPAUL progressive financial record within the last five years make it a sure bet for me. |
Re: Stock Market Tips For Nigerians by shigidi(m): 12:10pm On Oct 02, 2007 |
@ easimoni, do you know anything about costain? i hear they just posted a good Q1 result, and people seem to be raving about the stock. please help with any info u have. thanks ![]() |
Re: Stock Market Tips For Nigerians by shigidi(m): 12:35pm On Oct 02, 2007 |
@ easimoni, temmie10 and wanajo, i've been paying much attention to a stock no one seems to talk about-ETI. maybe its the price tag that puts people off but in all honesty its actually the cheapest banking stock out there. current pe of 18, projected pe of 15. forecast eps of 11.5. however, i wont attach a pe of 26-28 based on its low growth rate, more like a 22-24. anyway it should be easily a 260 naira stock. and only a billion shares so bonus issue is very likely. i dont know why its been on suspension for such a long time though. |
Re: Stock Market Tips For Nigerians by VC2007(m): 2:23pm On Oct 02, 2007 |
For those of us living in Port Harcourt, Japaul Investors Forum comes up tomorrow at Hotel Presidential, 11.00am Just doing free advert for them sha. easimoni i got ur mail, thanx, will reach u |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 3:35pm On Oct 02, 2007 |
My guys, What other stock is looking juicy at the moment (no public offers oo). I want to buy something this week. I missed dansugar and crusader because of my slowness, can you imagine they have gone up about 15% in 4 days. what was I thinking!!!!!!!!!!!. |
Re: Stock Market Tips For Nigerians by wanaj0: 4:30pm On Oct 02, 2007 |
shigidi: ETI is good in terms of fundamentals. However market sentiment is not in its favour. Being on technical suspension because of a planned offer. At > N170.00 the natural mentality is to see it as being expensive. They actually did a stock split this year but still it is deemed pricey. Also since it is quoted on three exchanges, the Nigerian factor of pushing price upwards will not affect it that much. If it appears expnsive in Nigeria, I will go and buy in Ghana or CIV. Another thing is that it is not a very liquid stock. Number of outsanding shares is limited. They have agood growth potential. They are expanding to oil rich Central Africa. They are also planning BIG for Nigeria. Good stock to own in my view even if not for immediate capital gain. Definitely not a speculative stock. |
Re: Stock Market Tips For Nigerians by wanaj0: 4:34pm On Oct 02, 2007 |
yodiyokun: will invite you for thanksgiving service!!!! Bought Dangote Sugar last week at 30.62. My broker actually bought double what I requested for. Just told them to keep ALL for me and that I will settle the liabilities. Dangote Sugar still looking good. UNIC and WEMA are risky but nice for speculation. Watch Oceanic also. No PO is attractive to me!!!! So will allow them to pass. |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 4:43pm On Oct 02, 2007 |
Chei, What was I thinking, ? Wema get as e be ojare, but I am actually thinking of Oceanic and UBA, since their Yr end is september. Anyone know how many shares of Oceanic and UBA are yet to be listed (from their public offer earlier this year) Dangote sugar @ 34 dosent look too good , to what level will it appreciate, can it pass 40 , I doubt it oooo. |
Re: Stock Market Tips For Nigerians by easimoni(m): 4:46pm On Oct 02, 2007 |
yodiyokun: Thinking about firing my broker. Asked them for more Crusader last week and got no response. ![]() ![]() ![]() Crusader is still a good deal at 4.75. |
Re: Stock Market Tips For Nigerians by easimoni(m): 5:01pm On Oct 02, 2007 |
yodiyokun: You've started speculating o! Neither bank has had shares alloted to them but the offers were for 3.36B Oceanic shares and 1.66B UBA Shares. If you take the 3Q results for both banks, annualize them and apply a PE of 20 (ignore PO shares, they'll likely not make it in time), you get 32 for Oceanic and 54 for UBA, both roughly N1 above today's price. Not exciting is it? You could chose a higher PE. Upside is the market (as if na person) likes dividends and bonus, so you could score big if they go big. Downside is (if) the results are delayed long enough for the PO buyers to get some of the action. Either way, buying for the YE results is speculative. |
Re: Stock Market Tips For Nigerians by wanaj0: 5:04pm On Oct 02, 2007 |
yodiyokun: Dangote should conveniently break the 40.00 in no distant future. It should inch towrads 50.00 by march 2008. |
Re: Stock Market Tips For Nigerians by NBA(m): 5:04pm On Oct 02, 2007 |
@wanaj0 Great price for Dangote Sugar at 30.62, how did you pull that one off? Did you place a price limit? I got some at 31.68. What do you guys think about IBTC, suspension just got lifted and it started its climb. |
Re: Stock Market Tips For Nigerians by tommyt(m): 5:07pm On Oct 02, 2007 |
hello guy, i just want to tell u guys to keep up this good work, if you guys can take your time to add to other peoples life without collecting a peny like this God will surely reword u one day, u guys are too much. shigidi and roughcut i realy thank u guy for your reply, God will bless u. but am thinking of going 4 crusader 2moro or next 2moro, do u guy think dat is a good move |
Re: Stock Market Tips For Nigerians by wanaj0: 5:17pm On Oct 02, 2007 |
NBA: |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 5:21pm On Oct 02, 2007 |
easimoni: Easimoni dont mind those yeye lead . I asked for crusader last week too na so so talk talk. My account officer now told me I have re-order everyday if they don't get it at my price. I no fit buy crusader at 4.75, thats a bit pricey. |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 5:25pm On Oct 02, 2007 |
Wanaj0 I thought you were not a fan of Dansugar - I recall you saying somewhere else that its not a growth stock and not suitable for capital appreciation. Any reason for the change of mind. Easimoni, I know it I buy either Oceanic /UBA, its to sit tight on it , thats why I am looking for suggestions. I am tired of my money sitting with my broker ojare. |
Re: Stock Market Tips For Nigerians by shigidi(m): 5:32pm On Oct 02, 2007 |
@ wanajo, why is evry1 going crazy over oceanic right now, its doing 31naira today, whats all the fuss about ![]() ![]() |
Re: Stock Market Tips For Nigerians by bodedun2: 5:59pm On Oct 02, 2007 |
Hi, i am also interested in stocks.I will like to discuss the topic with more people.I think this is the time to invest in the stock exchange because the bears have taken over and i'm predicting the trend to continue till end of first quater next year, short term investors beware .I also have other interests find out at http://360.yahoo.com/bodedun2 |
Re: Stock Market Tips For Nigerians by easimoni(m): 9:00pm On Oct 02, 2007 |
yodiyokun: What about those of us who bought above N5. As for Lead, "the devil you know" is the only thing keeping me from jumping ship. |
Re: Stock Market Tips For Nigerians by yodiyokun(f): 9:31pm On Oct 02, 2007 |
easimoni: Easimoni, I have checked my figures again - Crusader is still cheaper than most other insurance stocks even at N5, based on earnings and no. of shares. I will definitely ask for it this evening, they better not tell me stories or else they will hear wen!!!!. I think I am getting better this calc Meanwhile - anyone has the half year results for WAPCO? did they also decrease in earnings as other cement companies. The earnings Pie is looking smaller by the minute and will affect dividend declaration and price appreciation. Despite this, I want to take position in Ashaka , any thoughts people? I have figures for the others except WAPCO, please bail a sister out. |
Re: Stock Market Tips For Nigerians by skelewagy(m): 10:20pm On Oct 02, 2007 |
@BIGBOYLARY Thanks a lot mate. I wish i could raise money to buy shares. ![]() |
Re: Stock Market Tips For Nigerians by easimoni(m): 10:39pm On Oct 02, 2007 |
@ Yodiyokun, WAPCO's mid-yr was 5.746B PAT. Only 12% higher than the same period last yr. With 3B shares, you get a forward EPS of N3.83. At a PE of 20, it has an outlook of ~80 in 6 months. Ashaka's earnings are dropping and WAPCO is struggling to grow. Not enamoured with cement companies at the moment. ![]() |
Re: Stock Market Tips For Nigerians by jehosaphat: 12:06am On Oct 03, 2007 |
Hey Guys, how do I monitor my stocks? karakata has been down for a while but they had a nice service with graphs and what not, any similar service anyone knows of? Thanks |
Re: Stock Market Tips For Nigerians by RoughCut(m): 6:30am On Oct 03, 2007 |
easimoni:yeah tell me about it , what with Ibeto cement plant opening or is it opened already? and the presido threatening to flood the market with imported cement . This can only mean one thing-share prices will soon be heading down south so i think cement stock is not looking terribly attractive at the moment. Have a look at the Costain (WA) although from the quick scan i did at the results the PE seems high at about 72 with price of 19 but have they got juicy contracts in the pipeline? yep billions of naira worth and they have declared a handsome profit N172M i think and very few outstanding shares but i guess we need to do some number crunching but its worth watching |
Re: Stock Market Tips For Nigerians by RoughCut(m): 7:21am On Oct 03, 2007 |
yodiyokun: Those who bought into the PO for Oceanic @ N16 back in April have now made a paper profit of almost 100% so hopefully the cert should soon be out and you can expect a lot of peeps who bought into the PO to start taking profit and obviously share price slides and that would be the best time for you to dive into oceanic just pray that the share price does not trend downward before the certs are out. I'm sure you realsie if the price remains at the present level or higher when certs come out there will surely be a mad scramble to offload once peeps realise they have made 100% returns on their stake So there you go |
Re: Stock Market Tips For Nigerians by wanaj0: 7:31am On Oct 03, 2007 |
yodiyokun: I am not a fan of any stock really. On Dangote Sugar, at 40.00, I will let it pass. However at 31.00 (30% discount) that is a bargain. The discussion was held when dangote was 40.00 - 42.00 range and people were still expecting further appreciation. For me, that was a no no. But it 31.00, it is a MUST BUY. At 40.00 - 42.00 it is a HOLD/SELL depending on your strategy. I prefer Oceanic to UBA. Never trusted UBA one bit!!!!!! |
Re: Stock Market Tips For Nigerians by wanaj0: 7:39am On Oct 03, 2007 |
RoughCut: Well, you need to take and look at each company on its own merits. WAPCO will not grow turnover that much. However they should grow profit based on the debt restructuring and improved efficiency. For half year, the profit margin was affected by gas supply disruption due to the ND crisis. Line is now fixed with gas supply restored so expect improvement in the second half of the year. On Ashaka, similar problems. LPFO was not available so could not produce at full capacity. Hence expect a drop in turnover and profit. Trying to do some improvements on the plant. The only good thing about ASHAKA, is the huge cash reserve. So they may still be able to give 'fairly good' dividend even in the face of dwindling profit. CCNN, for is a no no until it goes to 10.00 or thereabout. IBETO has nothing to do with the cement industry in Nigeria. Ibeto is a marginal player. Total capacity is 1.5m tonnes. That is not enough to affect the market in the scheme of things. All the noise made by IBETO is nothing but propaganda. |
Re: Stock Market Tips For Nigerians by RoughCut(m): 7:39am On Oct 03, 2007 |
wanaj0:Even when the entry price for UBA was about N35 it was not an option for me although may be i should have bought then but it was expensive even then considering the P/E ratio. So Oceanic is it for me and possibly WEMA(speculative i dare say but looks like there's real dosh to be made still crunching numbers) but it looks cheap at the moment .Although it doesnt help they havent released anything close to a proper result in about 3 years so watching and waiting |
Re: Stock Market Tips For Nigerians by wanaj0: 7:43am On Oct 03, 2007 |
RoughCut: Never liked UBA management. From Bello-Osagie to Tony Elumelu, I am suspicious of them. For me UBA has no unique selling point. Will not complain though. Made some huge profit from it. But will never be my LONG term holding. Oceanic is well positioned so should do well on the LONG run. Above 30.00, Oceanic is pricey so if you wnat to speculate, just look for 25% return or thereabout. WEMA is risky. Bought @<4.00 this year so I can ride the tide. If the result is as expected, WEMA should reach 15.00. If the planned offer go ahead, then WEMA should reach 20.00. If expectations are not met, WEMA will be around 6.00. So based on your rsk profile, make a decision. |
Re: Stock Market Tips For Nigerians by RoughCut(m): 7:46am On Oct 03, 2007 |
wanaj0:From your analysis i can conclude like almost everyone else cement stocks are not looking as rosy as we would like and if the market is flooded with imported cement then that's it. Apparently there is a very powerful lobby going on to make sure this does not happen(whose interest shareholders or ordinary folks who need to have cement prices at a reasonable level) so the geo-political situation does not augur well for cement stocks at the moment Looks like i'm staying clear too much shenanigans for my liking |
Re: Stock Market Tips For Nigerians by RoughCut(m): 7:50am On Oct 03, 2007 |
wanaj0: Yeah bought a lot of Oceanic during the PO(should have bought more) so i will wait for the post-suspension bull and bear run and then take the opportunity when people are dumping to acquire some more and DEFINITELY a long-term hold for me. It just looks attractive and stable On UBA i think earlier this year they were involved in a money laundering scam and i think they were fined millions of dollars by New York financial regulators so your take on the management style is spot-on let`s just say i' don't regret not taking a position as such |
Re: Stock Market Tips For Nigerians by wanaj0: 8:14am On Oct 03, 2007 |
RoughCut: In fairness to Tony, the laundering scam was before the merger. Prior to the merger, UBA was a bank of fraudsters. Not sure that anything has changed. You can never trust the interim result because by year end there will be huge provision for some doubtful debts etc. On Oceanic, I see it as a growth stock in the medium term. There may not be that much appreciation now but in later years, it will do well. Bought at 6.00 last year and I am not regretting it. |
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