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Posted by Trez on April 11, 2007 at 14:41:27:

An experience I had with the Nigerian stock market is that it can be profitable for you if you have some extra cash to put somewhere without much pain on your basic needs. It would yield you reasonable profit over a period of say 3months unlike if it was put in a savings account, which may only deplete your resources in the long run. Time value of money is a concept that would support this fact. You may think that you are actually getting richer by keeping your money in the bank while in fact you are actually losing money for the riches that you failed to make via investing. Don’t get me wrong, a savings account is good, but when compared to investing in the stock market, it is nothing. I invested in the May and Baker’s I.P.O. late last year at 4.20 naira per share and currently their price have gone up considerably well in the stock market to 11.00 naira per share. This has more than doubled my investment and I would say that is profitable enough. What I’m really interested in is capital gain and not dividends. Of course, you’d know that I would sell all of it immediately. However one problem that I had was the delay it took in getting my share certificate since I did not have a C.S.C.S. account so I might have lost some time based profits but overall, I sold them all at double my initial investment. UBA is currently making a hybrid offer at 35 naira to the public again, it’s a good buy, but not wise for a short term, mini – capital investor like me. I think that it’s better to buy into Fidelity bank at the secondary market (they are currently priced at 4.56 naira per share). I believe they are about to explode. Although some risks are involved in the Nigerian stock market, only risk takers make it to the top. See you there!

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Comments:
Posted by felix on May 08, 2007 at 14:31:30:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

The Big Bank is finally coming to the market again and this time it's like they are really serious with a target of about N100 billion hybrid offer in mind, i'm thinking; they'd be oversubscribed! Any reasonable person with cash lying somewhere else would do well to invest in First bank's shares. They are going to, by Monday, offer to the general public 1,624,253,238 ordinary shares of 50 kobo each at N33 per share by way of offer for subscription and 1,496,762,682 ordinary shares of 50 kobo each at N31.00 per share to the existing shareholders. First bank, i'd say is a good buy and share value would rise fairly after this period but perhaps not too much for minor investors.

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Posted by mikeng on May 23, 2007 at 05:27:24:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

You should defnitely not miss this opportunity to invest in First bank's public offer and rights issue! First bank, also known as the BIG ONE is offering this public issue at N33 per share while they are currently priced at N40 in the secondary market. For those who are into short term investing, you could make an appreciable profit margin relative to how heavy your pocket is.

http://naijabigoffer.com/Prospectus.pdf

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Posted by 3g on May 28, 2007 at 15:35:41:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

These guys have got what it takes to give you a profitable turnover on your money. It's almost unbeliveable that Access bank that was just about N3 earlier this year has more than quadrupled to about N19 presently. This is a good ROI and I'm only expecting wise investors to put their money in this profittable opportunity as there are just about going all out again for a public offer in the coming few weeks. Although investing in the Nigerian stock market has its own natural business risks, it's still a good stock to buy, or don't you think?

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Posted by Sophie on August 05, 2007 at 12:25:17:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

They are already selling their shares to the public at =N=14.90 per share. I think it's a good buy for smart thinking investors.

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Posted by Ozigma on July 21, 2007 at 16:12:00:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

I think Access bank is a good buy. Bank stocks are actually a good buy in the long term. If one wants to buy and reap the benefits in the short term, he should invest big nad purchase through a C.S.C.S account personally or throguh your stockbroker in order to escape from the delays experienced by awaiting your share certificates (You could imagine Union Bank's). This acocunt (C.S.C.S.) gets credited with your shares immediately after allotment by the registrars and you could begin trading almost immediately.

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Posted by Fred on July 21, 2007 at 16:10:52:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

I need the application forms urgently, are they available now? Pls reply. I have some cash which i need to invest in lest i eat it.

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Posted by Mr Smart on July 21, 2007 at 16:10:16:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

To say the truth, bank stocks are the most favoured in Nigeria and i think the reason for this is in the fact that we still have OIL. If not for OIL, i wonder if any other industry will stand in Nigeria given the fact that almost all our consumer products are narrowed down to China. I wish PresidentYaradua would equally invite the Chinese to invest in the cement industry so as to help us reduce the prices of cement; that industry needs a viable competition.

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Posted by Memphis on July 21, 2007 at 16:05:27:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

Buying into such an offer at NGN 14.90 is too huge, or rather inflated. Is it worth investing? I heard stock specialists were predicting a sudden crashing of stock prices.

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Posted by Okey on July 21, 2007 at 16:07:18:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

I think bank stocks in Nigeria will soon crash in the stock market too. I heard some N.S.E. oficials were talking about scrutinizing the real share price of stcks on the exchange. I guess some bankers and brokers were practising cosmetic accounting on their financial statements in order to inflate prices artificially... DING...DONG.......TIME TO START SELLING MINE..

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Posted by Seyi Thomas on July 21, 2007 at 16:03:43:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

I kind of need a loan to buy Access bank's shares. I have been investing in many public offers since, every now and then but right now, i don't have sufficient capital to buy more. I woud not like to miss that of Access bank now which is around the corner. Any ideas?

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Posted by Ralph on July 21, 2007 at 16:04:50:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

You could get a loan from a bank using your share certificates as a collateral. You may need to deposit your certificates with the C.S.C.S. in order to allow the bank get a confirmation of your stock position and value. Banks prefer this sort of collateral and would easily give you a loan to buy more shares, but you should calculate the profitability of your investment against the bank charges you'll have to incur.

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Posted by Orange on July 21, 2007 at 16:06:51:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

I'd like to invest in Access bank and i'm planning to get a profit of about 500,000 naira within 6months. Given that the stocks are currently priced at NGN19 on the secondary market and NGN14.90 on this public ofer, i'm hoping to cash in on the NGN5 or more capital gain after i'm alloted the shares, that means i'll be needing to put in about NGN7,500,000 for this venture. Wow! big money, but
worth it.

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Posted by Seyi Ojo on July 19, 2007 at 16:33:16:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

where are thre forms? Are they already out. Pls tell me when they'll start selling their shares cos i want to apply earlier and i'm interested in investing at least 30,000 shares.

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Posted by Craft on July 17, 2007 at 07:01:51:

In Reply to: Nigerian stock market posted by Trez on April 11, 2007 at 14:41:27:

Imagine, i had the opportunity to buy their shares at the secondary market but i missed it. Then they were selling at say NGN4 per share now it has skyrocketed to NGN14, men, i could have been a millionaire.

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