ABC Transport
 

With the recent spate of events its apparent that ABC is here to stay for the long haul and seriously intend to do this whilst enriching themselves and investors alike.

ABC is worthy of our money. I would consider it a worthwhile investment. The gurus in our midst might consider doing some financial checks to backup this being a good investment.

a pioneer in this sector
 

It is difficult to assess ABC even if you look at their financial record for the simple reason that they are a pioneer in this sector…on the NSE. Remember combing throught their prospectus and it looked good and since then they have taken promising steps as well...

BUT...

Going by the standards of our roads, security on the road, maintenance mentality- one would have to think twice before buying. Going by the fact that road transport is the backbone of public/commercial travel-transport in Naija- it is a good buy. (note railway is practically dead and air is for the rich/top govt, some people take air travel allowance and jump into a bus!).

There are to many "ifs" which is not a reflection of ABC itself, but the operating environment.

Personally, I bought some- but it was more speculation than any particular sound/strategic judgment.

ABC! thats a company i never expected to do good due to some personal reasons which may annoy some members if i say it. but i also compared it to Albarka air which never rose above its IPO price.

more so, they had only one issuing house... i thot that was suspicious.

well now its more than 100% increase but is it a volatile and liquid stock? anyone with info on this? i wouldnt want to trap my funds... it has happened many time so am watching my arse!

Information from their prospectus indicate they have a GPS system for tracking their buses-a good detterent agaisnt theft. However, Chief Nneji the founder still has controlling interests-raising issues of corporate governance. Also they are heavily leveraged-high gearing increasing financial risk for prospective investors. In summary its a high risk, high return stock due to their pioneer status

I totally agree with Bwalaman............its a high risk high yield stock....meant for the brave at heart.

A friend of mine made over N2.5million on this stock.

Personally i think its too late for me to buy......the stock can move either way depending on the operational environment....I should have gotten into bed while it was still warm !

ABC Transport Fundamentals
 

Gurus in the house pls, can someone supply me with fundamentals of ABC Transport because I consider the stock quiet penny but i have no idea of their fundamental.
Will it be a good buy?

Associated Bus Company
 

Associated Bus Company
Projected EPS: 13k
Projected Earnings Yield: 4.35%
Projected PE ratio: 22.98

This is based on Q-3 PAT of N143.62M and 1.507B outstanding shares.

So, is it be a good buy?
:D

It is a good buy if you are in long term and you do small volumes. Short term, there is a premium on the price. The PE ratio was below 18 just a few weeks ago.

Hi,
i would like you to explain what you mean by '... if you do small volumes.

The value of the stock sold on the floor in a single day is relatively low. Many days, not even up to 100K units are sold on a trading day.

For a stock that costs only N3, if you want to buy N3M worth then this can be a problem. You will also have a problem if you are trying to sell a large volume at once.

ABC Transport
 

Like how many volumes will be appropriate for a start, owing to the explanation above?

ABC looking good.
 

Gentlemen,
ABC transport seems to be on the rise. I ve been watching the stock from the sideline for quite a while. But from what is happening now it appears I ve watched for too long as the price is moving up steadily.
In this era where stocks jump up and never come down to where it jumped from, dont you think it deserve some attention?
Lets delibrate please!!!

But that is how virtually all "penny" stocks have been moving sky-wards. ABC Transport stock is not an exception. So, I think the movement in ABC Transport stock is just the general sentiments driving other "penny" stocks and I feel you are too late to buy it now, as there seems to be future downside market correction risk (unless, probably, you enter and exit within about a week to reduce the risk of being caught up with the rather inevitable market correction). That is my opinion.

for short term it's a good buy

Thanks alot riskreturn, avemercy as well for your advice. The problem is that this market is no longer governed by fundermentals which makes it very difficult to decide exactly which stocks to buy. Wont mind you suggesting some good stocks that are likely not over-priced at the moment. Am kind of confused with the nature the market has taken. Serious!!!

Abc Transport Fundamentals
 

INTERLINK TECH is said to be a Cheap stock with good short term prospect.
ARBICO Is another growing stock that is facinating me.Any informed idea,anyone?

Go to Proshare website (at: Proshare Blog » Stock Recommendations), where you can see stock recommendations by analysts (i.e., brokers) of stocks to buy. You can also go to websites of brokers (like meristem, FSDH Securities Ltd, etc) to see the list of their recommended stocks. By comparing these recommendations from different and independent analysts, you are likely to see about 4 or 5 stocks that are common to most of the independent recommendations. Investing in such commonly recommended stocks in a diversified manner (instead of just one of them) would be a good idea I can suggest. As an example, in the list of such recommendations, you are not unlikely to see UBA and Diamond Bank to be common to many of them. However, there is a need for caution. Many of these recommended stocks are those that are cheap vis-a-vis their fundamentals. They are not necessarily good for short-term (say, 2-month) speculators as it may take time (say, 6 or 9 months) for the strong fundamentals to be reflected in the stock price.

what of adswitch and afroil
 

can one buy them for short term like 5 months period

Buying shares on the short term
 

Yes, you can buy stocks on the short term for a 5 month period. All you need to do is to get a stockbroker and he can be trading for you on the Floor of the Stock Exchange. Ensure you get an efficient stockbroker so that your mandates will be excuted on time and professionally.

HAPPY INVESTING!!!