Agbalowomeri:
If I must buy banks;

Fbn at 5.0
Gtb at 14.0
Zenith at 12.0
Stanbic at 16.0
Uba at 2.0
fcmb at 1.5
Access at 4.0
Sterling at 1.5

Peterichy can have the rest

duni04:

I seriously doubt things will get this bad. Very minute possibility any of these stocks will trade at these prices

sellydion:



The more it goes down the more to buy. The Margin of safety is the key in long term investing.

The law of nature must definitely come to play in stock market. What goes down will still go up.


Happy Investing

bigass:
Bloody Tuesday

bigass:
Bloody Tuesday

bigass:
Bloody Tuesday

myjoy08:


The recent bloody in the market will surely lead to a beautiful and rewarding destinations. And the time to act is now (with caution) as no once can time the market. The end is near...

Elai147:


Wema Registrars: after a very long period they finally replied my email but said my processed transfer form was never submitted to them by my broker and thus, they could not do anything. Africa prudential registrars and City Securities (Registrars) Limited have never replied my emails on E-dividend issues. Another one I can remember is the defunct Oceanic registrars.

As for First registrars, they frustrated me with their request for bankers confirmation. After all said and done we were still heading nowhere until God used a woman to help me. She listened to my story and immediately asked for my preferred bank for the E-dividend payment. After 2 days they credited with over N100,000 (in total) of unclaimed dividends. Meanwhile, I have been receiving some dividend warrants from them but didn't know I had unclaimed ones. First registrars could not explain why they sent some dividend warrants and held back some apart from their usual stories of wrong address (the same address where they have been sending me dividend warrants). Zenith registrars explained that they do not send dividend warrants that is more than a certain amount (about N50k or so) by post. But they never informed me of this until I asked and found out I had unclaimed dividends with them as well.

Before the stock market crash, I have sent E-dividend forms by registered post to all my registrars and not even one could register me for E-dividend payment. I did everything they requested including taking the forms to my bank for endorsement. In 2010, I repeated the process but this time I also sent emails (with e-dividend forms attached) notifying them that I had sent the hard copies of the forms to their offices by registered post. Still, nothing happened and I kept receiving dividend warrant by post. This year, I repeated the process for the third time after SEC warned registrars concerning the level of unclaimed dividends and mandated investors to embrace E-dividend payment. This time it worked and I was able to register with most registrars. There is a possibility that if not for SEC's intervention, some of us will still be having difficulty in registering.

myjoy08:


The recent bloody in the market will surely lead to a beautiful and rewarding destinations. And the time to act is now (with caution) as no one can time the market. The end is near...

bigass:
Bloody Tuesday

duni04:

I seriously doubt things will get this bad. Very minute possibility any of these stocks will trade at these prices

PETERiCHY:
My entry PRICES come june 2015.

GTB= #15:00k
ZENITH= #12:00k
STANBIC= #10:00k
ETI= #9:00k
FBN= #8:00k
ACCESS= #5:00k
FCMB= #2:50k
DIAMOND= #2:50k
UBN= #1:98k
SKYEBANK= #1:98k
UBA= #1:98k
FIDELITY= #1:00k
STERLING= #1:00k
WEMA= Not interested.
UNITY= Not interested.

*The OcToPuS*

9free:


Days of the Prophets

feelamong:


hmmmmmmm!! FBN!

we shall surely get there...

angelo82:
A lot of people especially some of us outside the country are going through the same problem....And because of not getting my dividend,I stopped my investment in stocks until recently due to the revolution of online stockbroking.....I have been able to get my dividend from UBA covering 8yrs and African Prudential acted swiftly and everything was done via email......My issue is now First Registrars as I have submitted all documents to them through my brother in Nigeria because they asked for hard copies....They confirmed the receipt of the documents and that they will pay but I am expecting that by now my account should be credited but nothing yet....Please do you know why the delay and when they will pay my outstanding dividend?....Thesame goes for ETI Dollars denominated share....

Elai147:


Has it been up to a week since they confirmed receipt? If yes, they may have forgotten about you. You may have to give them a reminder and a phone call to the registrars would be better. Mine was done over the phone. Good luck.

myjoy08:


The recent bloody in the market will surely lead to a beautiful and rewarding destinations. And the time to act is now (with caution) as no one can time the market. The end is near...

mercylicious:
so sorry for booking so much space. na so i copy am.

mercylicious:
for ashaka peeps

LAFARGE makes offer to minority ASHAKACEM shareholders


Dec 8 (Lagos) - Late on Friday of last week, the management of Lafarge Africa ( WAPCO ) notified the Nigerian Stock Exchange of its intention to conduct a mandatory tender offer (MTO) to minority shareholders of Ashaka Cement ( ASHAKACEM ) for 927 million shares, representing 41.39% of the company.





Ashaka Cement Plc ( ASHAKACEM )is one of the businesses involved in the Lafarge Africa merger - the consolidation of Lafarge’s Nigerian and South African business entities. Based on information from the company, Lafarge Africa will have to issue 57 new shares for every 202 shares held by minority shareholders of ASHAKACEM .





This implies an exchange ratio of about 1:3.54. Ashaka shareholders will also receive an additional N2 per share as part of the deal. The MTO opens on Wednesday, December 10, 2014 and closes on Friday, January 16, 2015.





Based on Lafarge Africa’s ( WAPCO )last closing price of around N 78 per share, the MTO values each Ashaka share at around N24.0 per share (cash consideration of N2.00 inclusive). This is around -2% below Ashaka’s last trading price of N24.6. Our inclusion of the cash consideration assumes that N2.00 will be paid for each ASHAKACEM shares exchanged.





The N24.0 per share value is also around -36% below the implied price of N37.48 that WAPCO paid for ASHAKACEM shares when it consolidated its Nigerian and South African businesses. At the time, the N37.48 price per share implied a premium of around 29% over the N 28.95 price that the shares were trading on as at June 05.





Analysts at FBN Capital in Ikoyi expect a neutral reaction to this offer.

ihedioramma:
Hello chibuking81, you ask me to follow you to the 2nd week of december here i am were are you and have you start buying ? and what are buying and eyeying at what price ? .

otokx:


The guy is now saying next year after election.