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Nairaland Forum / Nairaland / General / Investment / Stocks That Can Make You Rich In 2007 (80232 Views)
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Re: Stocks That Can Make You Rich In 2007 by Temmie10(m): 11:18pm On Sep 04, 2007 |
jdizzy: On GTB i believe GTB probably has more ability to generate real profits than most banks because we can see GTB, their quality of service, huge customer base and customer satisfaction, unlike some other banks that have very little presence nationwide yet declare heaven and earth in their results, The problem is that right now, GTB has raised a lot of cash mostly thru offer for new shares, so its going to take a while to gain significantly on GTB. For me, its a HOLD in the short term but a BUY for long termers. Zenith zenith is a good one, the more important question is what price do you want to enter?, its on a high now, you could have bought last week for 42, There's a BIG po coming soon too |
Re: Stocks That Can Make You Rich In 2007 by wanaj0: 8:41am On Sep 05, 2007 |
nossycheek: On your first question, it depend on your personality and your investment objective. Yet to see the full details of the Dangote flour PO. Got something from BGL but I am not so impressed. 15.00 looks expensive based on what I saw but will wait for the FULL prospectus. However, the hype will help the offer. Also only 40% of the 1.25bn shares is available for the masses. 60% will be preferentially alloted. I expect an oversubcription. Don't buy more than 30,000 units if you don't want your money returned. You should also be willing to wait for certificate and verification wahala. I am not a trader so I tend to take long term positions. Nigerian German is good for me. Flour Mills is solid. WAPCO is also attractive. WEMA is risky but if expectations are met you will get a good return. NBC is also looking attractive. Same for Longman. To maximise your profit, avoid overdiversification. That is the bane of many people. As per changing your address in CSCS, I never really bothered. CSCS does not send an info to the mailing address to start with. It is your address with the registrars that is most important. For your name, you will need an affidavit and necessary document. Your broker should be able to do this for you, |
Re: Stocks That Can Make You Rich In 2007 by whitelexi(m): 9:45am On Sep 05, 2007 |
From recent stock price results, it does appear as though there is intensified competition amongst the top 3 banks on the exchange. I'm refering to UBA, Zenith, and First Banks, is this healthy? |
Re: Stocks That Can Make You Rich In 2007 by nossycheek(f): 10:16am On Sep 05, 2007 |
@Wanaj0 Thanks for your response. I thought that the address gets to the registrars through CSCS? If not, how do I go about that. As for the name issue. It is not a change per se. I initially indicated Mr & Mrs which I want to remove since my husband operates a seperate account and will require me to send a letter to my broker to ensure that the cheque does not carry Mr & Mrs for every sales made, otherwise, I can't pay the cheque into my personal account |
Re: Stocks That Can Make You Rich In 2007 by enurayce: 10:40am On Sep 05, 2007 |
@ All Share reconstruction:When is it better to buy?Before or after the reconstruction. How long does it take a certificate to be issued when u buy during a private palcement Any info on international brew yet? How long does it take a certificate to be issued when u buy during a private palcement @ Easimoni, i mean union diagonistic and clinical services How long does it take a certificate to be issued when u buy during a private palcement |
Re: Stocks That Can Make You Rich In 2007 by nossycheek(f): 11:02am On Sep 05, 2007 |
I learnt that Dangote Flour mills PO is actually a bondle offer of the flour mills and pasta. And that the main flour mills is not doing so well. Does it still make a good buy? |
Re: Stocks That Can Make You Rich In 2007 by wanaj0: 11:07am On Sep 05, 2007 |
nossycheek: For all intent and purposes, the address with the registrars is what is important. Write to the registrars requesting for a change of address from the old address to the new one. If you know your account number with the registrar it may help. As per changing from a 'joint' account to an 'individual' account, it is not that easy! I suggest you maintain it as it is. |
Re: Stocks That Can Make You Rich In 2007 by wanaj0: 11:11am On Sep 05, 2007 |
nossycheek: You need to see the prospectus so as to make a good judgement. Most Flour Mills have subsidiaries. Dangote flour mills will have the sack (bag) company and the pasta company as part of the subsidiaries. Cour flour milling is faced with serious competition hence reduced margins. This is not peculiar with Dangote alone. Also, growth in Dangote flour mills in terms of turnover and profit seems to have slowed down. There is however news of expansion. Whatever happens, the quantity available (500m units) to small investors is damn too small that I will really not bother my head about it. |
Re: Stocks That Can Make You Rich In 2007 by shigidi(m): 12:11pm On Sep 05, 2007 |
@ easimoni, did u factor in the recent 1 for 5 bonus given by niger insurance? and also, mbenefit has a better forward pe than standard alliance doesnt it? when would u consider it a good time to dive into these insurance stocks, m thinking december/january. |
Re: Stocks That Can Make You Rich In 2007 by shigidi(m): 12:23pm On Sep 05, 2007 |
temmie10, do u know when exactly zenith will come to the market,thats a bank id like to take position in. |
Re: Stocks That Can Make You Rich In 2007 by shigidi(m): 12:26pm On Sep 05, 2007 |
@ wanajo, ive seen a lot of ur posts recommending BETA glass, why do u think its a good company and what are ur price projections for it( whats its latest eps in what quarter) |
Re: Stocks That Can Make You Rich In 2007 by marco74(m): 1:15pm On Sep 05, 2007 |
easimoni:easimoni(the guru himself)!!.concerning this design union, the director's younger bro(who was a classmate of mine)told me about the private placement a few weeks back.do u think its worth investing a couple of millions in a company that won't be listed on the nse till 2010 like u said.i've checked their website sha,and it would appear that their designs are comparable 2 what u would see in big cities in the western world plus they've got big plans for the future. if u nor recommend that move,any suggestions?thanks. |
Re: Stocks That Can Make You Rich In 2007 by yodiyokun(f): 1:27pm On Sep 05, 2007 |
Anyone heard of NIPCO http://www.proshareng.com/myproshare/portal_news.php?id=2848 Thats an article about them tripling profits and giving a N1.50 dividend!!!! The price may now be headed northward |
Re: Stocks That Can Make You Rich In 2007 by whitelexi(m): 4:23pm On Sep 05, 2007 |
yodiyokun: NIPCO is not even listed in the security list, i doubt its availability on the floor. |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 5:59pm On Sep 05, 2007 |
whitelexi:Definitely. The market is waiting with bated breath for the release of UBA results. I am sure it would be upset the staus quo in a major way. |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 6:23pm On Sep 05, 2007 |
I have the prospectus for union diagnostic. Its says in there that they have put in the mechanism to get listed by way of introduction by the end of year 2007. I have not had time to study it in depth ( I just got it a few minutes ago from Zenith Securities. I read the interview stockwatch did with the Akinbiyi guy and the company appears to have a bright future ahead. I will definitely take a position. |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 6:33pm On Sep 05, 2007 |
I have attached the some of the pages for your review |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 6:39pm On Sep 05, 2007 |
I will attach them tomorrow. Got to go |
Re: Stocks That Can Make You Rich In 2007 by enurayce: 6:47pm On Sep 05, 2007 |
@ Frankiriri Pls i will be waiting for more details on what u can get from the prospectus(union diag)Do u think the offering price is a fair value. Waiting for ur response |
Re: Stocks That Can Make You Rich In 2007 by Vitastraka(m): 6:55pm On Sep 05, 2007 |
Folks Bank PHB is coming out, will you buy?? |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 6:36am On Sep 06, 2007 |
The files are too large.
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Re: Stocks That Can Make You Rich In 2007 by stanchuks(m): 8:41am On Sep 06, 2007 |
frankiriri: WHAT YOU DOWNLOADED IS EMPTY |
Re: Stocks That Can Make You Rich In 2007 by nossycheek(f): 10:35am On Sep 06, 2007 |
@Wanaj0 Thanks once again for your invaluable advice. Do I buy from the secondary market now or wait till november when the bears come reigning. Secondly, what is the probability of being alloted Dangote flour shares even if I buy thru my brokers. |
Re: Stocks That Can Make You Rich In 2007 by onuku: 11:26am On Sep 06, 2007 |
frankiriri: Frank, The attached file is empty. |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 5:01pm On Sep 06, 2007 |
onuku:The files are 1mb each and the maximmum size allowed is 200kb |
Re: Stocks That Can Make You Rich In 2007 by abocana: 5:08pm On Sep 06, 2007 |
Frank,can u kindly help me Dangote Flour form online? i don't have any other means of getting it expect through online I'm residing in nigeria. Thanks very much. |
Re: Stocks That Can Make You Rich In 2007 by abocana: 5:09pm On Sep 06, 2007 |
Frank,can u kindly help me Dangote Flour form online? i don't have any other means of getting it expect through online I'm residing in nigeria. Thanks very much. |
Re: Stocks That Can Make You Rich In 2007 by K2: 5:19pm On Sep 06, 2007 |
Link to Dangote Flour Prospectus and Form[url]http://www.zenithsecuritiesng.com/admin/upload/Dangote%20Flour%20Mills%20Plc%20IPO%20Prospectus.pdf[/url] |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 5:37pm On Sep 06, 2007 |
I extracted these from the prospectus Proft forecast 2007 2008 2009 N'000 N'000 N'000 Sales 640,159 1,353,027 1,796,586 Cost of sales 224,520 512,143 669,893 Gross profit 415,639 840,884 1,126,693 Operating expenses 147,251 390,662 505,739 PBT 268,387 450,223 620,955 Tax 40,000 67,500 93,000 PAT 228,387 382,723 527,955 Dividend 200,000 282,000 400,000 Retained Earnings 28,387 100,223 127,955 Forecast Balance sheet Ordinary shares 660,044 660,044 660,044 Share premuim 742,500 742,500 742,500 Revenue reserve 28,387 128,601 256,564 Shareholders funds 1,430,931 1,531,145 1,659,108 Per share data Offer price (kobo) 185 185 185 EPS (Kobo) 17.3 28.99 39.99 DPS (kobo) 15.2 21.36 30.3 PE Ratio 10.7 6.38 4.63 Actual Proft & Loss 2002 2003 2004 2005 2006 N'000 N'000 N'000 N'000 N'000 Sales 80,156 96,802 141,916 131,986 215,382 Cost of sales 27,055 40,045 58,047 62,152 86,356 Gross profit 53,101 56,757 83,869 69,834 129,026 Operating expenses 42,416 41,015 49,562 ** 59,278 71,147 PBT 10,685 15,742 34,307 10,556 57,879 Tax 464 3,040 3,510 5,385 5,700 PAT 10,221 12,702 30,797 5,171 52,179 Retained Earnings 10,221 12,702 30,797 5,171 52,179 Retained Earnings b/f 759 * 10,980 23,682 54,479 59,650 Bonus 100,000 Retained Earnings c/f 10,980 23,682 54,479 59,650 11,829 Forecast Balance sheet Ordinary shares 500 500 500 500 285,044 385,044 Retained Earnings 10,980 23,682 54,479 256,564 59,650 11,829 Deposit for shares 8,382 8,382 8,735 Shareholders funds 19,862 32,564 63,714 257,064 344,694 396,873 |
Re: Stocks That Can Make You Rich In 2007 by windywendy(f): 5:38pm On Sep 06, 2007 |
frankiriri: Frank, thanks for the compliments on my new one. I'll certainly be motivated to make more money . . . who knows, she might one day tell me that she wants to study at Harvard, and I'll have to pay tuition ![]() ![]() About the Union Diagnostics prospectus, can you PLEASE send it to me via email at windywendy121@hotmail.com thanks in advance! |
Re: Stocks That Can Make You Rich In 2007 by frankiriri(m): 6:19pm On Sep 06, 2007 |
was particularly disapponted that there were errors in the financials. The figures marked ** did not jive. I had to adjust them. The original figure for year 2004 net operating expenses is 25078. Also the retained earnings b/f in 2002 was 760. I am quite disappointed that with the number of professionals involved in the process we get this kind of unpardonable errors. However I beleive in the potential of the company. About two years ago we had to do a CT scan on my grand mum and we were referred there from a big hospital in Festac. There is virtually a lack of organised competition to them. The only labs that can offer similar services would be those that attend to the powers that be. Most hospitals do not stock the kind of equipment they have. The business is definitely a growth stock. I just hope that in future they will employ only professionals that pay attention to detail. I am buying the stock though.
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Re: Stocks That Can Make You Rich In 2007 by akininNC(m): 6:51pm On Sep 06, 2007 |
I am new to the forum. Does anyone have any feelings about the outlook on Afribank? I have quite a few of the shares. Any ideas on whether to hold onto uacn and uac propertiess, they both seem stagnant. Thanks |
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