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Investment / Re: Stock Market Tips For Nigerians by gonyix: 11:08pm On Mar 26, 2008
@omoba3
I beg my email na Solaceonyix@yahoo.com.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 9:38am On Mar 26, 2008
@debenze
plz xcuz my misquot
could u let me know which bank/contact for your loan facility am interested in Getn one. If possible email me at solaceonyix@yahoo.com
thx bro
Investment / Re: Stock Market Tips For Nigerians by gonyix: 9:31am On Mar 26, 2008
debenzd:

Thanks Fof2 for your advice. PZ paid out and NBC has done well so far(just waiting for end of year). Because of the oppourtunities available now, I am about to get a facility for to invest in the following:

Intercontinental ( To sell after results are annouced. Expected in June)
More  Zenith (To sell after results are announced. Expected in July)
More Diamond( To sell after results are announced. Expected August)
More FCMB(To Sell after results are announced. Expected in August)
More First bank( To sell after results are announced. Expected in July)
More Access(To sell after results are announced. Expected in July)

Total sale from these will be moved to UBA, PHB, and any other allowable fundamental stock on their list for CICO.
I want to use this portfolio for just CICO( time frame may be between 0-3mths. Any reasonable profit will be taken out and put back to the protfolio) for the next 1yr and see how it pans out. What do you think?

You can reach me at this addy debenzd@yahoo.com

Investment / Re: Stock Market Tips For Nigerians by gonyix: 8:57am On Mar 26, 2008
@all
plz house, does any1 have info/contact at bankphb regarding their share acquisition loan?
Business / Re: Cashcraft - Thieves Or A Broker by gonyix: 5:35am On Mar 24, 2008
does anyone have info/contact person at bankphb's sharepurchase program, please let me know At solaceonyix@yahoo.com.
Business / Re: Cashcraft - Thieves Or A Broker by gonyix: 5:28am On Mar 24, 2008
@scofild
I think it all depends on why u bought the stock, was it a cico or was it long term hold and at what prz you got in, as for me i felt like having a stock in that sector, so am in for the long haul i will not be pertubed by movements like the ones we have witnessed in the recent days and also i try not to time the market, i leave that to the experts and those with the time and the type of brokers.So my bros think bout it, if you are in for cico may be u should consider other stocks that have better potentials in the immediate, but if u are in like me i believe there are better days ahead.
As usual, all caveats apply.
Good luck to u.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 4:11pm On Mar 21, 2008
kayodus:

NSE denies knowledge of Afroil, Capital Oil suspension
By Obinna Chima
Published: Friday, 21 Mar 2008

The Nigerian Stock Exchange has said it is not aware of the indefinite suspension placed on trading in the shares of Afroil Plc and Capital Oil Plc by the Securities and Exchange Commission.


The Principal Manager, Corporate Affairs, NSE, Mr. Shola Oni, said on Thursday that the NSE was yet to receive any information from SEC on the suspension of the shares of the two oil companies.

Oni said, “We read the story on the pages of the newspapers just like every other person and I think that will not be the best for the system. The relationship between the stock exchange and SEC has always been cordial, but there should always be due process.”

SEC had, on Wednesday, announced an indefinite suspension of trading in the shares of Afroil and Capital Oil on the NSE. The commission said the decision was a fallout of an investigation into the activities of six companies, announced on February 15, 2008.

According to the commission, the two companies were involved in insider dealings.

The commission had declared that the basis for the continued trading and rise in the prices of the shares on the exchange, no longer existed, adding that the decision was to protect stock market investors.

Prior to the commencement of the investigation, the Director-General, NSE, Prof. Ndi Okereke-Onyiuke, had flayed SEC for not informing the Exchange about the activity.

Our correspondent gathered that, despite the suspension, there was still trading in the shares of the companies.

Some stock brokers said that the shares of the companies were, largely, in offer on Thursday as investors were apprehensive over the announcement.

The stock brokers, who spoke on the condition of anonymity, berated SEC for not informing the NSE before carrying out any activity on the Exchange.

According to them, the perceived unhealthy relationship between both organisations can create tension in the capital market.

“We all agree that SEC is the regulator of the capital market, but there should be due process in everything. The commission has to understand that the NSE, to an extent, is also a regulatory body.

Without the stock exchange, I don’t think there will be anything for SEC to regulate,” a stockbroker said.

At the end of trading on Thursday, Afroil, which sold at N24.13, traded 4,424,117million shares, valued at N106.754m in 342 deals.

For capital oil, 3.414 million shares worth N55.006m were traded in 144 transactions. It sold at N16.11


Is it just me or are the peeps at NSE and those at SEC on a power tussle
I guess this na naija
Investment / Re: Stock Market Tips For Nigerians by gonyix: 4:05pm On Mar 21, 2008
@scofield
to concur with what the other peeps have told you, i think u should go back and read as many pages as possible, I know it seems tedious but it will benefit you in the long run. If  i were in your shoes i would not sale anything in ths porfolio in a hurry at this time. but if it isa must that you sale, i will pair down the ins. now and look for some sectors with stocks that have strong fundamentals(fbn uba ) for this bear period at least that way if you don't make alot of money, u will be consoled by the fact that u had capital preservation.
Cavaet emptor.
by the way i own fbn, uba and erterna oil.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 7:27pm On Mar 13, 2008
Na waooo for thisuna [s]cash[witch]craft the just filled my order for eterna oil at41 after i placed it at 31, anyway sha i am in for the long term.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 3:35pm On Mar 08, 2008
Any1 know how to get application for the fbs shareplus loan and the conditions for the loans. yours truely would like to take a second or third look at it, I like their list of allowed stocks.
As it is now I have the UBA share+ but the list of allowed stocks is too restricted.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 3:31pm On Mar 08, 2008
Any1 know how to get application for the fbs shareplus loan and the conditions for the loans. yours truely would like to take a second or third look at it, I like their list of allowed stocks.
As it is now I have the UBA share+ but the list of allowed stocks is too restricted.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 8:21pm On Mar 07, 2008
@Naijadr
Jpaul po price was 3.95
Investment / Re: Stock Market Tips For Nigerians by gonyix: 8:10pm On Mar 07, 2008
@igetwicked
May be iam qualified to answer you I get two houses for california  but cash i never count am yet.
I think this issue should be left alone to die a natural death.
@blueband u have already apologised why take it back indirectly, I thing we are only bigger when we apologise  not smaller.
Anyway my bros please keep up r good posts i have benefitted immensly 4rm them.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 4:56am On Mar 07, 2008
@jonyjuscom
yes u can trade if u are using the shareplus accomt as long as u are buying and selling 4rm d list of share plus approved list.
I am a beneficiary of d same progrm.
cavae emptor
Investment / Re: Stock Market Tips For Nigerians by gonyix: 9:37am On Feb 29, 2008
Hey peeps, I love y'all on this forum, the depth of the analysis and info is unbelievable
keep up the good work.
Has any1 heard anything about the UBA mastercard they offered me one and i have not responded yet. I do have their NRN account and their dom. account.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 4:50am On Feb 29, 2008
how about rokana industries, did anyone notice that stock pops up every now & then since Yaradua took over govt?
do y'all know why? because the owner na the minister for comazfor naija i been do de watch am since the new govt.
before it was a dead coy soon the stock will be skyrocketing like that coy wey de make or abi then de sell agidi oil u know which one.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 3:17am On Feb 28, 2008
@loma
great job on that pictorial
Investment / Re: Stock Market Tips For Nigerians by gonyix: 3:03am On Feb 28, 2008
@risky
Pls how do I sign up with r brokers mbc?
I am looking for a reliable broker as the one I m using now na real abokee.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 4:00pm On Feb 27, 2008
@rhemagirl,
good luck I chased that universal INS and gold link INS for 1wk b4 givn up & and putting my moni on eterna oil
that does not mean u should give  up, let me know if u succeed below 4.
also give r broker a time limit or the highest PRS  u r willing to by them at, this is mue importante.
gd luk .
Investment / Re: Stock Market Tips For Nigerians by gonyix: 11:35am On Feb 25, 2008
hi all does anyone know anything about imfb pp?
Investment / Re: Stock Market Tips For Nigerians by gonyix: 11:17am On Feb 25, 2008
@LOMA
T hank you for the nice jokes, it was the right joke/right talk at the right time. keep it up.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 11:12am On Feb 25, 2008
@bibiking1
My brother take am easy ooo, i beg make u no shoot anybody over there.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 8:35am On Feb 22, 2008
Has anyone heard about the ValueLine securities proposed pp, pls any one with the info can you post it here, including the prospectus. I read about it in one of the dailies today.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 3:32pm On Feb 20, 2008
dollyp1cute:

Oceanic leading the pack?!

http://www.guardian.co.uk/feedarticle?id=7323661
samstone4:

@Nairalanders

Here's the latest from Proshare:

"The Nigerian Stock Exchange has today placed the price of African Petroleum Plc on technical suspension following the receipt of an application for offer for subscription of 199,070,721 units at N250 per share and rights issue of 262,929,279 units at N230 per share."

Explains the extraordinary rise in the price of AP. Talk about price manipulation!

Samstone4 cool cool
samstone4 link=topic=31554.msg1976829#msg1976829 date=1203516188:

@Nairalanders

Here's the latest from Proshare:

"The Nigerian Stock Exchange has today placed the price of African Petroleum Plc on technical suspension following the receipt of an application for offer for subscription of 199,070,721 units at N250 per share and rights issue of 262,929,279 units at N230 per share."

Explains the extraordinary rise in the price of AP. Talk about price manipulation!

Samstone4 cool cool cool

And they say there is no price manipulation in the nse? this stock has been a supernova since taking off from 47 less than a year ago. I am sure some insiders new there was going to be a po at 250 thats why the stock did not slow down till it crossed that N250 do you all remember what Oga Napoleon said about these kinds for shady manipulations?.
Where is the toothless tiger(sec) thats suposed to protect the market from all these shenanigans
Investment / Re: Stock Market Tips For Nigerians by gonyix: 3:04pm On Feb 20, 2008
I guess no one will be talking of over subscription with this ap po, anyway anything is possible in Naija
i Guess Otedola and co have not made enuf money from the price appreciation, If this one is oversubscribed, there has to be some investigation by sec. With the po price you will need 2.5m to buy up to 10k shares, na waoo.
Investment / Re: Stock Market Tips For Nigerians by gonyix: 3:39am On Feb 20, 2008
Hi nairalanders its been geat reading all the post and more than anything I apriciate the altruism
here, plz keep the post coming, together we will one day be like napoleon (prosperous)
As for access bank po, has anyone seen the allotment table, and how about the returned moni anyone got theirs yet?
Politics / Re: NNPC To Be Divided Into Five Companies by gonyix: 11:17am On Sep 06, 2007
The only solution to the problems that are prevalent at NNPC, is privatalization.
Breaking it up into smaller entities while a good idea would only work in a less corrupt society, not in Nigeria.
And bye the way I think Mr. Yaradua is only breaking it up to repay the sponsors of his election with appointments.
Politics / Re: Soludo Dropped From National Economic Team by gonyix: 1:03pm On Aug 28, 2007
Iyke, I appreciate your objectivity and open-mindedness, I  like most other Nigerians supported this president fervently when it became obvious that he was Obj's choice. This we did because of the fact that we saw Obj, his other problems notwithstanding, as a reform-minded leader and him picking the current president gave us hope that the reforms initiated by Obj would continue under the current president. But the Events of recent has put doubts in our minds as we wonder whether there is a better future for Nigerians under this new president. With all the lackluster decisions that he has made so far I wonder how long it will be before this man realises that he as a President is only going to be as good as the people he surrounds himself with, and so far, I am not sure that he has made a any efforts to surround himself with the right people instead of sycophants and yes members. For any one with the intellect of Soludo or Chigbue to be treated in this way makes me believe that Obj may not have been such a great democrat but he does had an eye for picking the best and the brightest a talent that Mr Yaradua from all indications seem to lack. Is the job of the economic team about moving the country to a sound economic state or is it an ego trip and only about Mr. Yaradua and his power brokers. No doubt that Mr. Soludo erred in not intimating the president about his plans to re-denominate the currency, but is the president's response not an over reaction?  How can you have an economic team that does not consist of a man who heads the central bank of the nation and is responsible for most of the monetary decisions in that nation, and a man with a strong track record of reforms that have yeilded great value and credibility to our economy? As for Mrs Chigbue there is no doubt that she has done the country proud in a position where most of her predecessors did not make it this far and could not point to any tangible achievement during their tenure. She has performed her job diligently with honesty and  compassion in a Country where corruption is so entrenched that any attempt to choke it off is met with such fierce resistance the like of which we have seen recently from the big and mighty in Nigeria and the Nlc who are made uncomfortable by the fact that for ones the refineries might be sold to people who might demand accountability and dedication to duty. As was rightly stated in this forum these two will not miss their jobs if their jobs were to be taken away from them at this time, but it will be a great loss to this country, both of them are smart and well educated and will definitely survive, but the biggest losers in this president's ego trip and rush to establish himself as his own man, free from the shadows of his predecessor, will no doubt be the Nigerian masses and the international community that has started to develop interest in the Nigerian economy due to the Privatization scheme headed by Mrs Chigbue at the BPE and the monetary, banking and other reforms instituted by the CBN under the able leadership of Mr. Soludo. These two afterall came to their current positions not through political connection or God-fatherism but through their ability and their track record of good performance and now their being made to pay a price for having such an enviable position withot any political God father, afterall we are in Nigeria, how dare you get a plum job based on your ability and performance record instead of on who you know. All these decisions no doubt have politics written all over them and a misguided politics at best. Unfortunately thats why our country with all its potential remain in its current deplorable state.  I do hope that our president with his credibility gap brought to bear by the percieved electoral irregularity that brought him to power will be able to reverse his course before it is too late.
Investment / Re: Dangote Flour To Float Shares At N15 Per Share by gonyix: 6:53am On Jul 07, 2007
Hi ABOCANA like you i am also not in NIgeria but you can start preparing by signing up with any of the brokerage co. at the nse website or better yet check out AAfrican select.com I have used them before, they are good. Feel free to contact me at ihipr@sbcglobal.net
Business / Re: The Dying Factories Of Nigeria by gonyix: 2:54am On Jul 07, 2007
It is unfortunate that no one, including the rich upperclass and the so-called Nigeria's elite do not believe anymore in building any manufacturing base. Rather everyone has dusted of his or her credentials and renewed old friendships, in search of lucrative government contracts, enormously lucrative because as is usual with anything Nigerian, NO ACCOUNTABILITY.
I mean why build a factory, manufacture something that the masses actually want, advertize it,sell it, and wait to make a profit(i mean the normal way manufacturers make it), when you can get a government contract at a bloated price, get paid alot without actually showing what you did for the huge profits you made, as long as you grease the right palms( things that people go to jail for in serious countries)
How far will this over-dependence on government contracts take us when the manufacturing base which is the mainstay of the economy of any serious nation, is left to wither at the vine , only in Nigeria, GOD HELP US.
Investment / Re: Dangote Flour To Float Shares At N15 Per Share by gonyix: 2:23am On Jul 07, 2007
Lets hope that dangote flour mills is half as successful as that of dsr.
I think everyone should try to invest in this one even if u have to borrow
I missed the ipo for the dsr, im sure not to going to miss this one.

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