Shares To Buy Now

Frisco · #1 (**permalink**) 11th May 2007, 06:03 PM

Hello All,

Which low price share can I buy now. I really need your advise. Is IPWA, Afprint still good to buy? Please you can suggest any other share that you feel will be a good buy.

Your advise is appreciated.

dotunk · #2 (**permalink**) 11th May 2007, 10:03 PM

frisco,

are you new to buying stocks? if so i will advice you start with stable high yeild investments like FBN, UBN, Zenith, GTB, Dangote, etc. otherwise then i will have to say you have to research those companies weel before putting your money into them.

on the personal note, i havn't heard much about those companies in a long time and if there is any serious activity in the stock now, that means some investors have put in some money or the price is moving in sentiment to the bullish trend inthe market.

alanbow · #3 (**permalink**) 11th May 2007, 10:24 PM

I agree with dotunk on this one.

It is very dangerous to follow temporary growth in stocks without doing some analysis.

Take IPWA for example, although it has been growing for the past few months albeit at a slow pace, the EPS is 0.07 compare to that of CAP plc in the same sector with 1.64 and the PE ratio for IPWA is 20.52 compared to CAP of 23.17 so it means that IPWA is very expensive in its sector although it appears to be gaining in price.

Another thing to look at is how liquid the stock is, the volume traded in IPWA is usually in low thousands so may not be easy to dispose even if you are in for the short term gain.

See details at http://www.firstglobalselect.com/scr...retype-id=5900

dotunk · #4 (**permalink**) 13th May 2007, 12:23 PM

Again alanbow, i totaly agree with you. you seem to be into the numbers. i try to to but i just gloss over them most of the time except am relaxed.

I dont think IPWA is good for now sha!

Frisco · #5 (**permalink**) 13th May 2007, 05:25 PM

Thank you so much for your advices Dotunk. Am new to buying share so need the advise of all to make the right choices.

alanbow · #6 (**permalink**) 13th May 2007, 05:49 PM

Hi Frisco,

I hope you got the free e-book on this site when you joined, I will suggest you read it again and again, it will be good for gaining the basic knowledge.

If you are into this long term, then buy the established stocks especially when they are doing IPOs, eg FBN which is out tomorrow, Dangote anything when it comes up, GTB, zenith Insurance (UNIC, NFI, linkage assurance are good cheap ones now as they will grow soon).

However if you want to get into short term trading, may be paper trading for a while will be good.

Look at a stock you like and thing will do well based on fundamentals and technical analysis, then get a paper and trade on them without real money, see how you perform over time then start using real money.

Use this website to look at the trend http://www.firstglobalselect.com/scr...vcountry-id=55

I hope this helps

paragon · #7 (**permalink**) 14th May 2007, 01:26 PM

hi there, well your choice of stocks depends on the kind of investor you are. For me, i have decided to focus more on the low priced stocks. My reason is simple-Nigeria is opening up, and sonme of these small companies are doing well due to foreign inmvestment. Also, it is very easy for a N2 stock to double in say 3 weeks, but not that easy for high priced stocks.

Please do not get me wrong, FBN GTB and the rest are good but there are some low priced stocks that are as good. Afterall the big guys were once small. Some include UTC, Cornerstone insurance, AG leventis, first aluminium, Neimetn etc.

olumatthias · #8 (**permalink**) 14th May 2007, 01:47 PM

i agree with paragon. totally

olumatthias · #9 (**permalink**) 14th May 2007, 01:49 PM

but pls paragon, can u tell me which stock falls presently into this category u just mentioned??? And can they be bought on the floor???

olumatthias · #10 (**permalink**) 14th May 2007, 01:59 PM

can any1 help????

Avocado · #11 (**permalink**) 14th May 2007, 03:58 PM

olumatthias: you've got some good advice up here. alanbow's comment (#6) is good for researching what you're buying into. The online items below could also be useful; they're booklets, and thus short, but you just may find them useful:

The Basics for Investing in Stocks

Five Keys to Investing Success

Mutual Funds

And, of course, the free ebook from this website (thought slightly outdated, in the sense of needing some update) is very good for the NSE.

.

sheffty · #12 (**permalink**) 7th June 2007, 02:19 PM

Can Any1 Pls Send Me List And Phone Numbers Of Stock Brokers In Lagos And Ibadan I Will Really Gr8ful The Best In The Business Not All Those 419 Guys Thanks

olusolakemmy · #13 (**permalink**) 7th June 2007, 07:21 PM

hi paragon,

dotunk and co are not against penny stock, what they told the new guy is that he shld research properly before putting his money in such companies.

Am sure u know am an advocate of low price stock,infact robert kiyosaki will tell to go for it,but fondamental requirement has to be met.

when was the last time they release their result?
good company news
innovation
goverment policies as it affect sector

Now UTC is good for now, presently they are fighting stiff competition in their industries, hence they are likely to break in to the market and become dominant

First aluminium is also ok, i work in apapa, where one of their offices is located and i usualy see evidence of function.

Other low price company i want us to lokk at is ARBICO a construction company,i need news abt the company and possible invest in them

bwalaman · #14 (**permalink**) 7th June 2007, 08:48 PM

Any info / opinions on CAPOIL?

Thanks in advance...

olusolakemmy · #15 (**permalink**) 7th June 2007, 09:07 PM

i told my broker to buy capital oil sometime ago, she was unable to get it, its either it is not traded or another story.

capital oil is now under the secontier category, am also researchin on the company.

eriksbmw · #16 (**permalink**) 8th June 2007, 03:39 AM

I too became interested in Capital Oil when I saw their share price move buy the max. 5%.

When i checked their website I found out that its essentially a 1 man business......where family members/relatives form executive management.....that raised some red flags and I decided against it.

olusolakemmy · #17 (**permalink**) 8th June 2007, 07:31 AM

family company well manage can blossom.
remember that for the company to have been listed means its a plc, and there must be over 50 shareholders.

please whats the website, let me also visit, is there quaterly result there? i mean for capital oil

bwalaman · #18 (**permalink**) 8th June 2007, 08:02 AM

...agree, I have also been trying to buy it for about 3 months now...

I am primarily interested in picking up, example 100,000 share at the penny prices (in this case would be 44,000 naira)... I am thinking with all the local content talk and developments in gas, chinese interest etc... that some big company is going to buy the smaller entity in next 2-3 years.

Any other oil / gas companies on the NSE? Anyone has access to Capoil annual report / or any report?

This is "strategic gamble" on my part.