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  #23981 (permalink)  
Old 15th November 2012, 03:46 AM
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Default Re: MarketWatch

Stocks rally to halt equity market slide - The Punch - Nigeria's Most Widely Read Newspaper
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  #23982 (permalink)  
Old 15th November 2012, 11:09 AM
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Default Re: MarketWatch

Exchange Increases Market Making Stocks - Proshare
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  #23983 (permalink)  
Old 15th November 2012, 11:36 AM
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Default Re: MarketWatch

Quote:
Originally Posted by overload View Post
yea even a comatose coy like Beta glass Plc came out with a mini statement too

Beta Glass no be small company. They are the number one glass manufacturer in the country, the major shareholder in Nigerian Bottling company is the major shareholder in the company. This stock has a large number of foreign investors who hardly sell, Leventis family is an investor in this company.

People are making good money in from of dividend in some funny and unpopular companies like BOC gases, Longman Publishers, Vitafoam, University Press, Consolidated Breweries etc.

Last edited by emmanuel ewumi; 15th November 2012 at 12:14 PM.
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  #23984 (permalink)  
Old 15th November 2012, 12:06 PM
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Default Re: MarketWatch

Quote:
Originally Posted by horlads View Post
Bros, you go chop that word oh...Beta Glass isn't comatose. Their stock is just illiquid and that's cos most of it is owned by the foreign owners...They pay dividends every year...


Nothing person no go read for SMN ooo.

Beta Glass that more or less controls over 50% of the bottles in Nigeria. They supplied all the breweries, pharmaceuticals, bottling companies etc. You need to visit the factory in Ughelli and the companies they bought in Lagos. That they are not in the news in the Lagos papers like OandO does not mean they are comatose.

Leventis, Delta State are the main investors. They have a good link/relationship with NBC.

Beta glass is exportingn to west african countries. They rebuilt their furnace few years ago. They run on gas which helps their opex.
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  #23985 (permalink)  
Old 15th November 2012, 12:16 PM
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Default Re: MarketWatch

Quote:
Originally Posted by wanaj0 View Post
Nothing person no go read for SMN ooo.

Beta Glass that more or less controls over 50% of the bottles in Nigeria. They supplied all the breweries, pharmaceuticals, bottling companies etc. You need to visit the factory in Ughelli and the companies they bought in Lagos. That they are not in the news in the Lagos papers like OandO does not mean they are comatose.

Leventis, Delta State are the main investors. They have a good link/relationship with NBC.

Beta glass is exportingn to west african countries. They rebuilt their furnace few years ago. They run on gas which helps their opex.
They also have a big factory in Agbara Estate.
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  #23986 (permalink)  
Old 15th November 2012, 12:21 PM
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Default Re: MarketWatch

Quote:
Originally Posted by wanaj0 View Post
Nothing person no go read for SMN ooo.

Beta Glass that more or less controls over 50% of the bottles in Nigeria. They supplied all the breweries, pharmaceuticals, bottling companies etc. You need to visit the factory in Ughelli and the companies they bought in Lagos. That they are not in the news in the Lagos papers like OandO does not mean they are comatose.

Leventis, Delta State are the main investors. They have a good link/relationship with NBC.

Beta glass is exportingn to west african countries. They rebuilt their furnace few years ago. They run on gas which helps their opex.
Good review for Beta Glass for Bra Wanaj0 himself.

They need to work on their profitability. There are too many inefficiencies in the company that need to be scrapped. I have had Boc Gas and Beta Glass on my radar for a long time now and I am still watching. Boc Gas has improved and it the price drops a little from where it is, I will pick it up.

Regardless of the price drop in Beta Glass I am not buying that company until they improve their processes. They are in a good business with near monopoly but their operations is need to be improved. ROE of less than 8% in a company that has tiny competition is not good enough. Just a little push from one of the other competitors and they will fall over the cliff.
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  #23987 (permalink)  
Old 15th November 2012, 01:39 PM
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Default Re: MarketWatch

Quote:
Originally Posted by emmanuel ewumi View Post
They also have a big factory in Agbara Estate.
That was the CMB factory that they acquired.
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  #23988 (permalink)  
Old 15th November 2012, 04:54 PM
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Default Re: MarketWatch

FBN Capital investors’ conference: Identifying quick wins and expectations from Nigeria’s Reforms - Proshare
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  #23989 (permalink)  
Old 15th November 2012, 04:54 PM
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Default Re: MarketWatch

Investor's ALERT: Stocks that made headlines today - 151112 - Proshare
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  #23990 (permalink)  
Old 16th November 2012, 10:06 AM
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Default Re: MarketWatch

Sanusi Wants Capital Market Deepened, Articles | THISDAY LIVE
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  #23991 (permalink)  
Old 16th November 2012, 12:53 PM
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Default Re: MarketWatch

Quote:
Originally Posted by Born 2be rich View Post
Hmmm! Sanusi and Capital Markets in one sentence! Pls can somebody give the guy some distractions? What is the status of new CBN bill? Can the National Assembly pls traction this some?
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  #23992 (permalink)  
Old 16th November 2012, 05:25 PM
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Default Re: MarketWatch

Pls house which stocks should I put my Gaze on and which ones do I run away both from
Fundermental and cooperate governance analysis.
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  #23993 (permalink)  
Old 16th November 2012, 05:55 PM
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Default Re: MarketWatch

Quote:
Originally Posted by dr dowell View Post
Pls house which stocks should I put my Gaze on and which ones do I run away both from
Fundermental and cooperate governance analysis.
i doubt you'll get answer to this
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  #23994 (permalink)  
Old 16th November 2012, 06:41 PM
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Default Re: MarketWatch

Quote:
Originally Posted by goldsun View Post
i doubt you'll get answer to this
I understand now that the market is full of uncertainty a good stock today may be a bad stock tomorrow hence no one could advice so that it will not back fire. However Oga Baoto gave 100% assurance for Ikeja hotel last year and it later became Gold mine for us last year. Since there is no assurance like that this year boys take off..
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  #23995 (permalink)  
Old 16th November 2012, 06:48 PM
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Default Re: MarketWatch

Quote:
Originally Posted by dr dowell View Post
I understand now that the market is full of uncertainty a good stock today may be a bad stock tomorrow hence no one could advice so that it will not back fire. However Oga Baoto gave 100% assurance for Ikeja hotel last year and it later became Gold mine for us last year. Since there is no assurance like that this year boys take off..
In my opinion there's a lot of long term money to be made in Ikeja hotel
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  #23996 (permalink)  
Old 16th November 2012, 07:12 PM
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Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
In my opinion there's a lot of long term money to be made in Ikeja hotel
Oga Nosa 2 I total agree with you. Just like 1 of us said that it is a gamble game. The up side is 60/40. The price from todays outing is below N1 what a price. The main reason being that there is recent result to properly value the stock. My Oga Kod believe it is too risky for adventure. I see reasons with him. I believe that when results start coming out it will be in multiples and proper valuation will be done. Have been assured that AGM must hold this year and results will start rolling in any time from now.
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  #23997 (permalink)  
Old 17th November 2012, 12:47 PM
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Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
In my opinion there's a lot of long term money to be made in Ikeja hotel
hmmmm.
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  #23998 (permalink)  
Old 17th November 2012, 12:51 PM
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Default Re: MarketWatch

Quote:
Originally Posted by nosa2 View Post
In my opinion there's a lot of long term money to be made in Ikeja hotel

I wish you all the best.
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  #23999 (permalink)  
Old 17th November 2012, 01:24 PM
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Default Re: MarketWatch

Quote:
Originally Posted by emmanuel ewumi View Post
I wish you all the best.
Oga mi Ewumi. It appears you have great aversion for Ikeja hotel plc. Pls Educate on you fears about the company so that we can take heed. We are here to be thought. I have search through The sector on Ikeja hotel to know ur mind on it but did not see.
Thank you in anticipation
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  #24000 (permalink)  
Old 17th November 2012, 01:46 PM
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Default Re: MarketWatch

Quote:
Originally Posted by emmanuel ewumi View Post
I wish you all the best.
I understand the issues with this company and I understand why KOD is apprehensive but my grouse with rating stocks based on various metrices is that on their own they don't always tell the full story.

Is Ikeja hotel slowly destroying shareholder value? Yes, but at current price the company is trading at such a huge discount that it'll take decades of continous destruction for a current buyer to make a loss.

That being said, there are so many once in a lifetime opportunities that that the opportunity cost of holding Ikeja holel is just too great for me hence I sold off my holdings.
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