Nascon

[BLUEMONEY]

Originally Posted by jummie

I bought NASCON at 22.00 and I though it was a bad investment. I later changed my mind to make it a long term investment after reading people's comment in this particular tread as I cannot afford to sell at a loss. Thank God I did.
Dr Apache thank you once again.

Hello jummie,
i am glad to hear that you changed you mind to make it a long term investment. with the positve news emanating from this company, you are in the profit zone.
Lastly Dr Apache never told us he has been confirmed with an Honorary Doctorate Degree. Apache congratulations

[Apache]

Originally Posted by BLUEMONEY

Hello jummie,
i am glad to hear that you changed you mind to make it a long term investment. with the positve news emanating from this company, you are in the profit zone.
Lastly Dr Apache never told us he has been confirmed with an Honorary Doctorate Degree. Apache congratulations

Honorary doctor kini! No mind Jummie, her belle just dey sweet am so tey she just dash me the title instead of make she dash me part of her loot.
Anywayz, let's move on and look for the next kill

[anekwlc]

Originally Posted by moneymoney

i made the error of waiting for it to get to =N=12 befor ordering for more...while not monitoring their YE. i messed up...big time

NASCO is still trading at N18 and I think it is because of the bearish market. Opporturnity for people that still want to buy. I placed an order for some today (short term)

[hispy99]

Originally Posted by anekwlc

NASCO is still trading at N18 and I think it is because of the bearish market. Opporturnity for people that still want to buy. I placed an order for some today (short term)

Might be that those that participated in the special one day sale (bought @ N22) are worrying the stock. I am waiting to see if it can cross that N22 mark, because I expect those people to start selling @ any price around N20 to cut their losses.

[olusolakemmy]

Originally Posted by hispy99

Might be that those that participated in the special one day sale (bought @ N22) are worrying the stock. I am waiting to see if it can cross that N22 mark, because I expect those people to start selling @ any price around N20 to cut their losses.

lets do a quick calculation
following the news, you bought nascon 10000unit at N18=N184,248 (charges inclusive)

if appreciate to N25, then you got 40kobo and i for 5, the price after marked down will be N19.6, but now you have 12000unit=N228967.7, you made profi of N44719 or 24%, after marking down, the price is bound to be on a free fall, and so eventualy, you might loose all you gained as a result of buying nascon because of the dividend and bonus.
also remember that the bonus will take forever to reach u and the dividend, only GOD knows how long.
in my opinion, i think people are now responding properly to bonus news.

see what happen to afribank, lot of example like that.

after the news i suspected this, i sold at N19.08 (friday closing price), i hoping to do a shorty again at N17, otherwise, not going in

[anekwlc]

Originally Posted by olusolakemmy

lets do a quick calculation
following the news, you bought nascon 10000unit at N18=N184,248 (charges inclusive)

if appreciate to N25, then you got 40kobo and i for 5, the price after marked down will be N19.6, but now you have 12000unit=N228967.7, you made profi of N44719 or 24%, after marking down, the price is bound to be on a free fall, and so eventualy, you might loose all you gained as a result of buying nascon because of the dividend and bonus.
also remember that the bonus will take forever to reach u and the dividend, only GOD knows how long.
in my opinion, i think people are now responding properly to bonus news.

see what happen to afribank, lot of example like that.

after the news i suspected this, i sold at N19.08 (friday closing price), i hoping to do a shorty again at N17, otherwise, not going in

.

Good analysis although you considered one side. If I buy at N18 and it gets to N25, I will sell and go out making N7 per share (about 35%) in a short while. If I am sure it will get to N25, I will borrow money to buy alot at N18

[zainabusman]

Originally Posted by olusolakemmy

..........

if appreciate to N25, then you got 40kobo and i for 5, the price after marked down will be N19.6, but now you have 12000unit=N228967.7, you made profi of N44719 or 24%, after marking down, the price is bound to be on a free fall, and so eventualy, you might loose all you gained as a result of buying nascon because of the dividend and bonus.
also remember that the bonus will take forever to reach u and the dividend, only GOD knows how long.
in my opinion, i think people are now responding properly to bonus news.

Your thesis maybe right. However, Presco has been rising since the announcement of the bonus despite a very high PE.

Another thesis is that the market is just bearish. Just look at the price of GTB, Oceanic (both are in the red for the year) while Zenith has posted a marginal gain compared to the closing price in Dec 2007.

[kenebobo]

Anyhow i go enter when the price go below 18 Naira. I am sure of making profit in the long term with this stock. Its easier to analyse stock over a long time span than a short one.

[olusolakemmy]

Originally Posted by anekwlc

.

Good analysis although you considered one side. If I buy at N18 and it gets to N25, I will sell and go out making N7 per share (about 35%) in a short while. If I am sure it will get to N25, I will borrow money to buy alot at N18

it is true i consider one side, but if u sell before marking down, i think its a good idea.
am not sure it will get to 25, just a theory. but am likely to go in at N17 myself.

[anekwlc]

Originally Posted by zainabusman

Your thesis maybe right. However, Presco has been rising since the announcement of the bonus despite a very high PE.

Another thesis is that the market is just bearish. Just look at the price of GTB, Oceanic (both are in the red for the year) while Zenith has posted a marginal gain compared to the closing price in Dec 2007.

People buying Presco are looking beyound the current PE. I think they are looking at the potential of the company. I think they matured for profit making

[hispy99]

Originally Posted by anekwlc

People buying Presco are looking beyound the current PE. I think they are looking at the potential of the company. I think they matured for profit making

We need to be careful with PRESCO, I have gone through their results from 2003 and usually, they have around 2 bad quarters every fiscal year.

Back to NASCON.

[prince dagbolu]

Is Nascon worth buying before the closure of register for this divided and bonus? At what price should i enter please? It was N18 Naira yesterday.

[olusolakemmy]

Originally Posted by prince dagbolu

Is Nascon worth buying before the closure of register for this divided and bonus? At what price should i enter please? It was N18 Naira yesterday.

if you are excited by the bonus and dividend, you can enter at N18.
the market reaction to the news suggest that people are not excited about it and i see the price further crashing after closure of register and the price is marked down to accomodate the bonus.

all you need to do is to make some calculation on your own and use N18 as the price at closure of register, consider what the price will be after marking down and also deduct the dividend, multiply the number of unit you now have plus d dividend and get you percentage loss or profit, that will definately guide you.
good luck

[kenebobo]

The price keeps falling down. It seems people are not interested in the dividend and bonus offered. Does anyone know the reason for this?

[BLUEMONEY]

Originally Posted by kenebobo

The price keeps falling down. It seems people are not interested in the dividend and bonus offered. Does anyone know the reason for this?

the market is bearish. in a bearish market, reaction to good news is often minimal.

[kenebobo]

Originally Posted by BLUEMONEY

the market is bearish. in a bearish market, reaction to good news is often minimal.

Julius berger doesnt seem to be going down despite the bearish market. I feel there may be something more keeping NASCON from flying as we expect.