feelamong: At times it seems like you are preaching when you tell people to take time and study the market and coys they are investing in...Manie has said it all!

For anyone to make money in any endeavour, it takes time and energy! you also have to be patience!

I have made money and also losses in the market but in all I have made more money than losses! Just a few of months ago.. I bought Diamond bank at N1.99, sterling at 0.99k and UBA at N2.

I intend to hold these stocks for the next five years at least before i start selling for a start up...

The less people that understand the market.. the better for us!! no wonder its so diff to make the kind of money we make in the NSE in the LSE!

9ja4eva:


Any idea on good stock broking firms for those of us in Diaspora? I bought shares in 2003 ,and even though i don't understand the statement, i like what i am seeing. I won't mind investing more if i get a good company sha.

Thanks for the insight. Very informative thread.

manie:



Investors with multiple streams of income benefited immensely from the stock market meltdown. They kept on accumulating shares on the exchange at ridiculously low prices. Some people have made 300% returns on UBA within 24 months.

Investors who bought when the market was doing badly, will definitely get a higher dividend yield.

manie:


The performance of UPDC since it was quoted is not too encouraging. May be when they start building housing units of 15 million naira and below, which will be affordable to the working class then I may increase my shareholding.

Omexonomy: you are not saying no but you are saying not now.

dominion247:
1 - to make my money grow and retain its value
2 - employed
3 - single. no kids yet. 27
4 - not an extremist.
5 - very liquid
6 - monthly
7 - monthly
8 - 20 - 30%
10 - very safe
11 - only at weekends
12 - very healthy

Thanks. kindly revert back promptly.

Warm regards

manie: Okomu Oil sold for less than N5, in 2004.

100k will buy 20,000 units.

A bonus of 1 for 2 was declared some few years ago. this will make the 20,000 units to grow to 30,000 units.

Okomu closed at 104 on 12th April 2013.

30,000 units of Okomu will be worth over 3 Million Naira.

Dividend of 135k was received in 2012, and a dividend of 189k will be received in 2013.

shigidi:

At what P/E ratios were many of these stocks purchased? Might help to make for better historical analysis.

manie:


When i bought UACN and GSK back in the days, the stocks had a PE of less than 5.

manie:


When i bought UACN and GSK back in the days, the stocks had a PE of less than 5.

shigidi:

So therin lies another question. With many of these stocks trasding at P/E's of 15, is it still worth jumping in for the long term? Or in other words,what indicators tell you that the P/E ratios at which you make purchase are good value at the time of purchase.

No vexx, i know i can be very interrogative

So therin lies another question. With many of these stocks trasding at P/E's of 15, is it still worth jumping in for the long term? Or in other words,what indicators tell you that the P/E ratios at which you make purchase are good value at the time of purchase.

No vexx, i know i can be very interrogative

manie:


You may need to look at the PE, and the PE growth rate, Peter Lynch loves investing in companies whose PEG is higher than the PE.


To Peter Lynch, a stock with a PE of 12, and a PEG of 15, is cheaper than a company with PE of 6 and a PEG of 5.

sixteen08: @manie I'd like to know your take on nestle stocks.
Thank you

manie:


Unfortunately I have sold all my Nestle shares, to buy more of FBN shares at between N18.50 and N20.00k. Nestle should be a good stock for anybody that can get it for less than N800. I sold mine when it got to N800 and above.

sixteen08:

The price is on the high side (in tandem with your submission on the price) i personally don't think now is the right time to buy with the current price above 930
Also,i am not sure if the current price range is above or below the point of inflection because there is still enormous growth potential in the food and beverage sector,likewise the company itself.

So what do you suggest for someone with about 1000 units of the stock?(My take on this is sell the stock before price depreciation set in)

Do you think the price is overpriced or underpriced?



I may be wrong, but I think it is overpriced. 1000 units of Nestle at the current price would have bought over 41,000 units of Zenith in March 2013 and you would have received a dividend of 59k, whereas 1000 units of Nestle will give you a dividend of about 17k.

I have no regret selling all my 2500 units of Nestle, and reinvesting the proceeds in First bank Shares.

sixteen08:

The price is on the high side (in tandem with your submission on the price) i personally don't think now is the right time to buy with the current price above 930
Also,i am not sure if the current price range is above or below the point of inflection because there is still enormous growth potential in the food and beverage sector,likewise the company itself.

So what do you suggest for someone with about 1000 units of the stock?(My take on this is sell the stock before price depreciation set in)

Do you think the price is overpriced or underpriced?

manie:



I may be wrong, but I think it is overpriced. 1000 units of Nestle at the current price would have bought over 41,000 units of Zenith in March 2013 and you would have received a dividend of 59k, whereas 1000 units of Nestle will give you a dividend of about 17k.

I have no regret selling all my 2500 units of Nestle, and reinvesting the proceeds in First bank Shares.

manie:



I may be wrong, but I think it is overpriced. 1000 units of Nestle at the current price would have bought over 41,000 units of Zenith in March 2013 and you would have received a dividend of 59k, whereas 1000 units of Nestle will give you a dividend of about 17k.

I have no regret selling all my 2500 units of Nestle, and reinvesting the proceeds in First bank Shares.

manie: @ Josh121

If you bought after the 1 for 4 bonus declared in 2005, you should have 19904 units of FBN shares

Josh121: @Manie , I have been following your thread , please i want to know how many Unit of FBHN will i have now if i bought 5000 units in 2005 . Thanks cause I want to follow up with my broker . Thanks once again

manie:

I am not a stock broker, but an investor in the stock market, real estate and small businesses. You can choose your stock broker from the over 100 stockbrokers in the country. I prefer trading with stock broking firms that are not one man business.

The following stock brokers are okay, Lead Capital, Investment one etc. With 50k you can open a stock broking account.

You will need 100k and 250k to open an account at Fidelity securities and UBA stock brokers respectively.

If you have a million Naira you can open your account at CSL stockbrokers or BGL Securities.

Meristem securities will need 2.5 million Naira, while IBTC, Afrinvest, Vetiva, FBN Securities will require 5 million Naira if you want to open a stock broking account.

But I will advice to start small, invest in your youth, invest regularly, net work with fellow investors, avoid penny stocks, read investment publication, listen to business news, practice Naira cost averaging , have a long term investment plan, do not buy hot stocks.

freeman67: @Manie...how's d performance of Fidson been..and what is its prospect in the comings years pls..?

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