Nigerian Stock Market Tips

[son5070]

Originally Posted by pumping

Find attached the details of Access Bank allotment.

Pumping,thanks for the Access info,pls does this translate 63000 for 100000units?

[Gengen]

I need a quick info. on GDR over-subscription generally. This is partially related to Diamond's bank GDR, where trading is not suspended.

Generally, is over-subscription allowed and to what level? (Is it like a maximum of 25% over-subscription as in NSE now?)

Particularly for the Diamond bank GDR, will over-subscription be allowed and to what level?

Thanks.

[c kenneths]

I am wishing that DSR will lose some price these next few days. I want to give myself an xmas gift with it. plan to buy some quantity in the company, next year will be great for the company.

[Apache]

Guys,
have you read the news that Lafarge has bought over Orascom cement? i wonder what this will entail for Flour mills and Unicem considering that Orascom owns a major stake in Unicem. remeber that lafarge owns Ashaka cement and Wapco

[c kenneths]

On the recent results declared by linkage assurance, and the prosprcts for their performance next year, I think it will be nice to take position in this company now.

I see the stock hitting N 6 by second qtr. next year. plus they have still not released their full yr results for 2007.

[pumping]

Originally Posted by c kenneths

On the recent results declared by linkage assurance, and the prosprcts for their performance next year, I think it will be nice to take position in this company now.

I see the stock hitting N 6 by second qtr. next year. plus they have still not released their full yr results for 2007.

I think the result of Linkage was below expectation. It remains one of the more expensive insurance Cos. Forward PE over 34. I think UNIC is cheaper by far.

[NBA]

Folks,

Any info on Sovereign insurance?

[newseeker]

I've been monitoring this forum for a while from the US and I'm impressed. I finally decided to go ahead and join, and I find the post I'm replying to is about a suspension of activity! I hope this forum is in for the long haul.

I had hoped for some direction from members regarding legitimate brokers and advisors, since I had wanted to pursue possible relationships. I am a US citizen, and frankly, if my peers knew the direction I'm taking here, they'd shun me and probably want to have me committed to an asylum.

The thing is, I respect what you're trying to do. Regardless of the fact that an undesirable element has hijacked a portion of your marketplace, in turn casting a specter of distrust on all financial dealings with Nigeria in "traditional" US business circles, I believe you deserve recognition and inclusion. Bad news is always deemed more newsworthy than good news.

[crtide]

Originally Posted by newseeker

I've been monitoring this forum for a while from the US and I'm impressed. I finally decided to go ahead and join, and I find the post I'm replying to is about a suspension of activity! I hope this forum is in for the long haul.

I had hoped for some direction from members regarding legitimate brokers and advisors, since I had wanted to pursue possible relationships. I am a US citizen, and frankly, if my peers knew the direction I'm taking here, they'd shun me and probably want to have me committed to an asylum.

The thing is, I respect what you're trying to do. Regardless of the fact that an undesirable element has hijacked a portion of your marketplace, in turn casting a specter of distrust on all financial dealings with Nigeria in "traditional" US business circles, I believe you deserve recognition and inclusion. Bad news is always deemed more newsworthy than good news.

Dear Newseeker,
Welcome to the forum, I am happy that you have been impressed by the forum. I do not want to jump the gun, however is it safe to infer that the "possible relationship" you want to pursue is about trading on the Nigerian Stock Exchange or investing in Nigerian comanies.
Let me first of all asure you that I am sure you are not the only US citizen to trade on the NSE or to join this forum for that matter.
I don't know who your peers are, but it seems they know something that the rest of us here don't know or something that the likes of HSBC, AIG, Hellios etc who have invested or formed such relationships as you seek do not know.

As this is an information sharing forum, can I ask that you share such with us Or could I have judged the direction you are taking that could have your peers commit you to an asylum wrong by my above assumption?

[newton]

Crtide, at this rate u might just be scaring off our dear newseeker. But sure i agree wt u, d biggest private equity and investment mgmt firms r turnin 2 emerging markets and Nigeria happens to offer one of the best opportunities in that regard, plus the NSE is becomin more robust by the day wt daily trades beatin the N10b mark and capitalisation inchin closer to N10trillion.

[crtide]

Originally Posted by newton

Crtide, at this rate u might just be scaring off our dear newseeker. But sure i agree wt u, d biggest private equity and investment mgmt firms r turnin 2 emerging markets and Nigeria happens to offer one of the best opportunities in that regard, plus the NSE is becomin more robust by the day wt daily trades beatin the N10b mark and capitalisation inchin closer to N10trillion.

Haba!! I am only seeking clarifications on what his "direction" is and hopefully amongst us we can dispel any mythical issues that he and/or his peers mayor may not have about Nigeria or the NSE.
Ofcourse the market or country is far from perfect...which one is..

No doubt we have all learnt one thing or the other on this forum and it will long continue that way.

New seeker, the intention is not to care you off, on the contrary, it is to exchange more information with you that can help further our cause

[Dark Knight]

Is northern nigeria flour mill still operational?and if it is,why isnt it doing as well as its parent company or like new players e.g. dangote flour.i don't see much activity on the stock,im not sure if its a "buy" or "hold" kind of stock.is it for long term?

[pumping]

Originally Posted by Dark Knight

Is northern nigeria flour mill still operational?and if it is,why isnt it doing as well as its parent company or like new players e.g. dangote flour.i don't see much activity on the stock,im not sure if its a "buy" or "hold" kind of stock.is it for long term?

They are still in business. They declared their Half Year Result for 2007 about 2 weeks ago. Managed a PAT of 32.32M from a turnover of 2.448B. Some will consider it a turnaround from the loss in the same quarter the previous year.

In case you have not noticed, after dropping to a year low of around N15 by end of November, the stock has now gained over 50% in December alone at today's price of N22.05.

I don't think it it fundamentally strong except some mega growth is in the offing. The projected PE is currently over 48. Compare that to Dangote or Flour Mills that hover around 15.

[Goddey]

I an new to all of this, but have been reading all your comments for months now. Una de try o! I dey find money too so make I learn from the best.

[c kenneths]

hi mr godday, we are still researching, re strategizing, re positioning, re energizing and waiting for investing yr 2008.

My pay off will be the latest hummer 4, can I have an amen somebody!

[Murphy]

Originally Posted by c kenneths

hi mr godday, we are still researching, re strategizing, re positioning, re energizing and waiting for investing yr 2008.

My pay off will be the latest hummer 4, can I have an amen somebody!

AaaaaMENNNNNN:

My own too go soon come.


I want to seize this opportunity to wish everyone on this forum a merry Xmas and a very prosperous new year. I have been blessed by each and everyone of you this year. I pray that God will reward your selfless contribution to better the life of fellow Nigerians.

Year 2008 will be show a BIG growth on our portfolios and more cash in the pocket.