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knightofdelta,you really did a thorough research on this company which is good.As it is,C&I Leasing is only one in that sector i.e this can influence the price too.What do you think?
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Buying into the shares will be like gambling, except if you know what you are doing. If you are looking at buying more shares, it will be good for you to look towards the banking sector for now. The Knight of Delta. The Knight of Delta. |
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Why is C&I Leasing suddenly on demand? Any news about their full year results?
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The Knight of Delta "I'd rather be vaguely right than be precisely wong" - John Maynard Keynes |
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Please does anyone in the house know what was the result declared for C & I leasing for the year ended 31st January 2008. I saw on the vetiva site that C & I leasing will be doing their AGM on 29/4/2008
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I do not have any info but the stock has been bullish this week, rising from about N14.30 to N17 today. I entered it at N14.10 and just offloaded some at N17 this morning. Rumour has it that they will be doing a bonus issue...just a rumour...and I believe in anycase their result will be fantastic. Despite the bearish market, I imagine investors are holding on strong waiting for the favourable result thus creating scarcity and sending the price to the roof. I will wait for it to hit N20 and offload some more then take position after they close their register...or their PO as Knightofdelta suggested. I am not aware they are coming to the market again... Last edited by atebe : 17th April 2008 at 06:19 PM. |
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If C&I go through another offering, it should in longterm benefit the shareholders. The company gets additional "cheap" fund to support its expansion and hopefully reduce some the N300m it paid in interest in 2007. Hopefully, that will be dropped to the bottom line.
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As for the price hitting N20, I doubt it. I am not ruling out the possibility though but there is something I am very convinced of, THE PRICE OF C&I LEASING AT THE MOMENT IS VERY EXPENSIVE based on the 3rd quarter results. And for me, I have ridden the wave long enough, I am getting out on Monday. Thank you very much, C&I Leasing, I made over 150% when the going was good. But I'm out.
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The Knight of Delta "I'd rather be vaguely right than be precisely wong" - John Maynard Keynes |
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Sorry pls, i am new here and really don't know how to go about this site properly. i spent lots of time trying to ask questions to my fellow investors but it's been difficult. I just hope i get it this time. I want to get invested in shares and seeking the right shares to buy for a period of 5 months with good returns probably. penny or blue chip will do just fine. pls help??
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Click on the link below and hopefully if you raise your question there (since it has to do with what you intend to buy), someone will surely come back to you. What to Buy Now |
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Thanks for providing me with the right link to what i needed but as a senior member i think it will be wise to hear your ideas on the shares are best to be bought for a short term period.. thanks so much.
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Thanks |
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BusinessDay... the voice of business - C & I Leasing holds EGM, raises share capital |
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