Hi Temmie10
I asked Easimoni a question earlier haven't a reply , but i will appreciate it if you help me out


Do u have any info on Livestock feeds,Sterling bank and May & Baker, i bought for 4.30,8.40 and 12.20 respectively and they have all depreciated
Thanks

@stanchuks

Considering the prices you bought, here's my 2 cents

For May & Baker, i'd say HOLD, its not a short term but i expect them to bounce back once the bearish trend subsides. earnings are not bad.

For Sterling, i'd say HOLD too, there will be a share reconstruction and public offer very soon so i am cautiously optimistic that you can sell off at a much better price than what it is currently trading,

I know very little about Livestock Feeds so i cannot offer advise on this one

Thanks Temmie10, i was wondering if i could sell part of my NGC to buy Japaul or Dangote flour when they are out, i bought at 13.58 and its 16.60 now

Whats your 2 cents on this

Thanks Temmie10, i was wondering if i could sell part of my NGC to buy Japaul or Dangote flour when they are out, i bought at 13.58 and its 16.60 now

Whats your 2 cents on this

@stanchuks,

i go begin charge you o

Don't sell your NGC yet, i expect a rally soon,
wait for 1 or 2 weeks and observe the market,
you might just be able to sell higher than 16.6,

@Temmie10
thanks a lot sir i know say i no go fit pay your charges thanks for your response

lastly among the PO's that are set to hit the market this month, which of them would you say is a good buy,without seeing their prospectus?

@stanchuks
I am not too keen on banking ipos,
I like my investments to remain as liquid as possible,
so dangote and japaul would seem interesting but prospectus is still the final say,
i am not sure about nahco either, there's definitely no 1000% this time, but make we see prospectus too, i no be soothsayer

@ Temmie10

Thanks a lot for your reply.

Do you think it is better to buy it (international breweries shares) from the floor than buying the public offer?

Man Jiro:

@ Temmie10

Thanks a lot for your reply.

Do you think it is better to buy it (international breweries shares) from the floor than buying the public offer?

IF you can get it on the floor, then buy all means buy from the floor,
One question though: "Why are you so keen on international breweries?"

hello, a recent post for this weekend, sources have it's almost fully booked

Shareholders,
Intended for aspiring Investors in the Merger of IBTC & Standard Bank

View this Link,
http://www.standardbank.co.za/bdv/merger34.dbm?serv=UBA&sn=publish

er

Excerpts,
Invitation to Post-merger Business intelligence conference " Standard

Bank\IBTC post-merger and The Vision for the West African Banking

Industry"

With Standard Bank projected asset base of N323 billion. Standard Group is

the largest bank in Africa with over $139 billion (N17.8 trillion) in assets and

adopts international best practice in its multicultural operations. The bank is

designed to deliver with very strong capability in investment and retail

banking, also giving the strong alliance of most multinationals with banks

from their home countries. Standard Bank would attract South African firms

that are doing or seeking to do business in Nigeria.

Aim of Conference:
-Exposition of innovative and world-class corporate and retail banking

products to the Nigerian market.
-The introduction of alternative service channels and delivery of a wide

variety of retail lending products such as credit cards, home loans and

vehicle and assets finance.
-Emerging capabilities in retail, commercial, corporate and investment

banking, best practice credit and risk management capabilities, transactional

banking expertise, cash handling processes, deeper experience of operating

in emerging markets, stronger global distribution capabilities and more

powerful international brand
-Benefiting and post-merger acquisition of the precedented value

appreciating Standard Bank shares.

Scheduled for Saturday 8th September, 2007.
TIME: 9a.m
VENUE: Le Meridien Eko Hotel (ark Hall), Victoria Island.

Abuja, Monday 10th September, 2007
TIME: 8a.m
VENUE: Protea Hotels & Inns, Maitama Abuja.


Booking with facilitators, Lombard Portfolio and Securities International

(Portfolio Research and Advisory)
[625rands [N5,500 – Basic Tools & Lunch]]
Stanbic Bank Nigeria: 094/00/0128945/01
UBA : 628051-20033 -10670945

Coordinators
Craig Bond,Managing director, South Africa, Standard Bank Africa
Greg Brackenridge, Managing director, West Africa, Standard Bank Africa
Tony Elumelu, Managing director, UBA Group
Atedo Peterside,Managing Director, IBTC Chartered
Warren Koos, Chairman, Lombard Plc

Standard Bank is set to pursue a very aggressive growth strategy for its

Nigerian franchise and intends to transform post-merger IBTC into one of

Nigeria’s top five banks by 2008 and one-stop shop for corporate and retail

financial services. This is expected to result in significant value creation for

all stakeholders of post-merger IBTC.

Contacts -Jeff.Peterside@standardbanknigeria.com (09-4347687),

Pat.Rhodes@Lombardplc.com (0703 217 0765)




Friends, the post-merger IBTC business intelligence conference will benefit

you, provide extensive practical experience and technical capabilities in

investment banking, best practice shares acquisition skills, risk management

& transactional banking expertise, it was initially intended for south african

investors and interested members of relatively 230\astute investors.

@ easimoni,
im confused when it comes to GTB. i previously had a forecast eps of 1.6 in calculations, but on adding their gdrs, i have about 1.3. this turns it from a good buy to a good HOLD. but are these gdrs meant to be listed on the nse or the lse, should it affect our calculations in nigeria if they can be traded in london at any point in time till im clear, i no fit enter this one.

shigidi:

@ easimoni,
im confused when it comes to GTB. i previously had a forecast eps of 1.6 in calculations, but on adding their gdrs, i have about 1.3. this turns it from a good buy to a good HOLD. but are these gdrs meant to be listed on the nse or the lse, should it affect our calculations in nigeria if they can be traded in london at any point in time till im clear, i no fit enter this one.

My only disappointment is that i was seriously broke when their IPO came out in 2004. I didnt buy many of their shares then but now that i look at it, its gone from multiple to multiple and i now have almost 2 x what i initially purchased + dividend, thats a good example of a good to hold share

whitelexi:

My only disappointment is that i was seriously broke when their IPO came out in 2004. I didnt buy many of their shares then but now that i look at it, its gone from multiple to multiple and i now have almost 2 x what i initially purchased + dividend, thats a good example of a good to hold share

From my earlier research on the GTB GDR i think one GDR will exchance for 50 ordinary shares meaning they are convertible and i think they lodged some additional billions or millions of shares with NSE in case any of the GDR`s are eventually converted then the calculations for your EPS will change. The challenge will be to find out how many of the GDR`s have been converted and subsequently listed i guess you can chk that out on the NSE website

Shig, the GDRs have underlying shares which you rightly included in your calculations. Those shares/GDRs will be paid a dividend out the earnings, just like you and I would. Just think of the GDRs as a basket of 50 shares you can buy/sell on the LSE. + the owners are free to convert one GDR into 50 shares (to trade on the NSE) on any given day.

And you are right, GTB is now a hold (at best). In fact, I just sold mine.

shigidi:

@ easimoni,
im confused when it comes to GTB. i previously had a forecast eps of 1.6 in calculations, but on adding their gdrs, i have about 1.3. this turns it from a good buy to a good HOLD. but are these gdrs meant to be listed on the nse or the lse, should it affect our calculations in nigeria if they can be traded in london at any point in time till im clear, i no fit enter this one.

Additionally if the ownres of the GDR`s elect to convert they will be listed on NSE.   Remember that there was the overseas and the local portion. GDR`s are meant to be listed on foreign exchanges with a foreign based bank or institution acting as the local depository. If eventually the GDR`s gets converted then the shares that  have been lodged with the NSE(remember GTB is not listed on the LSE) will be converted to ordinary shares in proportion to the converted GDR`s on the main market of dealing of the issuing institution so your EPS will change in that respect

Attention Intercontinental Bank PLC shareholders

I have received my certificate (finally) . I got it on Fri but it was postmarked 27.8.07,so i guess you can check your mailboxes. when will we get our dividends? I wonder, I just wonder,

easimoni, so sorry bout ur beloved GTB ,
thank goodness the intercontinental certs are out.
@ mc dreamy, was it posted to ur mailbox or ur house. pls reply.

Temmie10:

@stanchuks
I am not too keen on banking ipos,
I like my investments to remain as liquid as possible,
so dangote and japaul would seem interesting but prospectus is still the final say,
i am not sure about nahco either, there's definitely no 1000% this time, but make we see prospectus too, i no be soothsayer

Definitely no 1000% with NAHCO. I however still see the stock doing well. If not for anything, the hype and the scarcity of teh shares. Add that to the monopolistic environment. The quantity of shares being offered is damn too small. They should be able to move the price up to 30.00 quickly. Will just pick up my rights.

The offer for sale at 5.50 was over subscribed. I expect that the PO will also be over subscribed.

@Wanaj0
Please whats ur stack on May & Baker, the stock keeps on going up and down, i bought last month at 12.20, is it right to still hold on to it?

stanchuks:

@Wanaj0
Please whats your stack on May & Baker, the stock keeps on going up and down, i bought last month at 12.20, is it right to still hold on to it?

You bought just last month so nothing to worry about!!!!!

12.20 is a bit expensive for May and Baker. To reap teh benefits, expect to be in for about 2 years. By then, they will be making profit from the Bio Vaccine plant.

If you are a short term player, you better exit. But if you are really an investor, then May and Baker is a good stock to hold!

at easimoni et al,
so wiv a rough 1 or 2 m, nothing that gurantees a quick buck, the bank rates are appaling anything wiv a short term outlook

@ easimoni,
have some insutrance info u might find intersting. sovereign trust insurance had a q1 eps of 0.07. according to stockswatch magazine. if that gives an eps of o.28, this should be another 5.5k stock. this gives the maximum price appreciation(from todays price) of all insurance stocks.

What is happening with JaPaul? Are they still coming out with their PO?

shigidi:

@ easimoni,
have some insutrance info u might find intersting. sovereign trust insurance had a q1 eps of 0.07. according to stockswatch magazine. if that gives an eps of o.28, this should be another 5.5k stock. this gives the maximum price appreciation(from todays price) of all insurance stocks.

Most of these mags/newspapers have questionable (at best) calculations of the indices. Sov Trust had N222M 6 months and currently have 2.243B shares = 9.9k EPS (half-yr). If you include the 1.265B shares alloted but not yet listed, you can project to a FY EPS = 12.7K. Sorry Shig, I don't see N5.5.

Crusader, Niger and Standard Alliance top my list of Ins. companies based solely on forward PEs

@Wanaj0 & co

I have about 700k to buy shares but I don't know the ones to buy. Do I buy Dangote PO, Japaul etc. I am really confused.

Secondly, I have been trying to change the name on my cscs account as well as make correction on my postal address through my broker for a year without success. How do I go about this?

@ Easimoni<Temmie 10 and others

Whats your take on this:Union Diagnostic private placement

Do i pay any commission for buying an IPO through my stockbroker?
Thanks for your replies

nossycheek:

@Wanaj0 & co

I have about 700k to buy shares but I don't know the ones to buy. Do I buy Dangote PO, Japaul etc. I am really confused.

Secondly, I have been trying to change the name on my cscs account as well as make correction on my postal address through my broker for a year without success. How do I go about this?

I have same problem with you and i dont know who to blame , my brokers or cscs , its been about three months now and they are yet to change to my new address in lagos

Do i pay any commission for buying an IPO through my stockbroker?
Thanks for your replies

No.

enurayce:

@ Easimoni<Temmie 10 and others

Whats your take on this:Union Diagnostic private placement

Do you mean Design Union? If so, a link to the prospectus was posted on a thread a week or 2 ago. The earnings forecast looks really good (then again, don't they all?) 11k EPS after FY 2008. BUT, it won't be listed on the NSE till 2010 or so.

easimoni:

Do you mean Design Union? If so, a link to the prospectus was posted on a thread a week or 2 ago. The earnings forecast looks really good (then again, don't they all?) 11k EPS after FY 2008. BUT, it won't be listed on the NSE till 2010 or so.

No its union diagnostic private placement, its a clinical dignostic company
The pp is being handled by cashcraft asset mgmt
It looks good because they have a fundamentally sound business even with customers from outside naija,
Now they are thinking of mris and other medical equipment as well as expansion
i know they have a few brranches in nigeria already,

But about valuation, i dun think the electronic prospectus is available, you'd have to go to cashcraft to get the prospectus
so i am not sure about the valuation of 1.85,
They plan to list in october in nse but thats highly unlikely given nse protocols,
If you are really interested, you'd have to ask a broker in cashcraft or go there yourself

My bad! Sounds like a good business.

Given the pessimistic view on GTB here, I'm keen to have your takes on Zenith Bank