Create your own Stock Recommendation.

Create your own Stock Recommendation.

Do you know you can have your own STOCK market database which will also automatically generate a BUY SELL or HOLD recommendation for you?

I help in designing a broad base Microsoft Excel Worksheet which consists of all the companies listed on the Nigeria stock exchange and their various data. This worksheet generate most important investing ratios ranging from EPS, FORWARD EPE,PE, FORWARD PE,REVENUE PER SHARE, BOOK VALUE, PRICE TO BOOK VALUE, PROFIT MARGIN, RETURN ON EQUITY, RETURN ON ASSET and any other ratio of your choice will be included.

Based on whatever ratio/ratios your BUY depends on and based on whatever criteria such ratio/ratios is the worksheet will automatically gives a BUY ,SELL, WATCH, VALUE or any remark that you might want.

It also serves as a database which you can refer to for quick information about any company on the stock exchange. It also assist in been able have at one hand the entire ratios of all companies on the exchange which makes it very easy for comparison and decision making.

Above all the worksheet is not an already designed one, rather it is on that will be designed based and according to your want, taste, criteria, commands so as to be able to suit your investing objectives.

For questions, enquiries and comments please contact me on

owolabiafeez@hotmail.com

 Twitter- @1himself

BBPin- 292185A8

Whatsapp- 08029640363

UNITY BANK RECONSTRUCTION PROPOSAL, A WELL THOUGHT OUT PLAN YET WITH A BUT!!!

UNITY BANK RECONSTRUCTION PROPOSAL, A WELL THOUGHT OUT PLAN YET WITH A BUT!!!

After reading the news about UNITY BANK intention to do a share reconstruction process, I personally felt it’s a welcome idea which is even long overdue.

The banks in the banking sector of the Nigeria capital market has a characteristic feature which lies in their over-bloated outstanding shares. Considering the first ten companies with the highest outstanding share in the Nigeria stock exchange shows the banks occupying seven out of the ten slots.

                               

SN	COMPANY	OUTSTANDING SHARES(MILL)
1	Transcorp	38720
2	UnityBank	38446
3	UBA	32981
4	FirstBank	32632
5	ZenithBank	31936
6	GTBank	29431
7	FidelityBank	28974
8	AccessBank	22882
9	Afrinsure	20585
10	Roads	20000

Focusing on the banks alone also shows Unity Bank with the highest outstanding shares in the entire banking sector.

The most intriguing fact about UNITY BANK is that while banks with lower OS in comparison to Unity Bank are generating higher Earnings and PAT to mitigate whatever negative effect that might arise from their blossom outstanding shares, Unity bank is not. The graph below show Nigerian banks as they stand according to their 3^rd quarter results.

NB- FBNH 2^nd quarter result was used here.

It therefore makes it imperative to note that no other bank needs a share reconstruction than Unity Bank. What will be the benefits of a share reconstruction to this bank?

                   REDUCED OUTSTANDING SHARES

Should the reconstruction be carried out, the outstanding share of Unity bank will drastically reduce from the current 38446mil to 9612mill automatically making it the bank with the lowest outstanding shares in the banking sector of the Nigeria stock exchange.

INCREASE IN EPS VALUE

Apart from the above, should Unity bank successfully reconstructs it shares, the action will project its earnings per share (EPS) from the current meager EPS value.

  CHANGE IN QUOTED PRICE

Unity bank as at 24/12/13 is selling at .50k should there be a successful share reconstruction in the future this will change the current price to N2.00

·        

PRE-RECONSTRUCTION						POST-RECONSTRUCTION
	OS	Q3/13 EARNINGS	Q3/13 PAT	CURRENT PRICE	QE/13 EPS	OS	Q3/13 EPS	PROSPECTIVE PRICE
UNITY	38446Mill	45395mill	1153Mill	.50k	0.03k	9611mill	0.12k	N2.00

What could however be the possible pitfalls in UNITY BANK potential re-construction process?

         o   QUOTED PRICE FALLING POST-RECONSTRUCTION

Without trying to be a prophet of doom, I have this sympathetic feeling that Shareholders of unity bank will be the end loser in this reconstruction proposal, am afraid because I have been asking myself if UNITY bank has what it takes to go beyond N2 in the short and medium term should the bank successfully reconstruct its shares, to be more candid, does Unity bank has what it takes in terms of current earnings to stay at N2.00 without plummeting back to pre-construction price?

o   INTENTION TO RAISE MORE CAPITAL

No doubt about Unity Bank dire need to shore up its capital in order to compete effectively in the industry but raising authorized share capital, reconstructing of shares and at the same time trying to raise more capital makes the entire process a questionable flip-flop which I think shareholders will be the end loser of the game plan. it is thus disturbing that it is the same shareholders gave their approval to all of the above in UNITY BANK recent EGM recently held in Lagos. The entire scenario gives me no choice than to wish Unity Bank and its shareholder best of luck in the prospective effort to make Unity Bank a bank to reckon with in the banking industry.

Questions, advice and Comments will be positively received.

owolabiafeez@hotmail.com

Follow me on twitter - @1himself

     

OANDO AGAIN?!!!

OANDO AGAIN?!!!

Oando should enter the Guinness book of world record as the most “CAPITAL SEEKING FIRM” in the world! The company’s penchant to always raise capital either from the capital or money market is quite alarming. It vividly shows how management of Oando lacks foresight. A company that pays dividends to its investors today will tomorrow be seeking for fresh cash from the same investors!

A brief history of Oando capital raising exercise from the capital market alone is given below-

In 2004, Oando raised N15bill from the Nigeria capital market through a right issue which was offered at N95 Naira per share and a public offer which was sold at N97.50 per share.

In 2010, Oando sought for fresh funds again and investors turned up by over-subscribing the right offer. In 2010 the company raised N21.1bill by issuing 301,694,876 units of share at N70 through rights issue.

Again in January 2013 Oando wooed its shareholders again and was able to raise almost N55bill by issuing 4.548bill units of shares at N12 per unit.

And now, still in the same 2013 the company is trying to raise additional N30.7bill through special placement!

The above excludes the money the company has raised from the money market, all this endless capital raising give rise to a question “Is Oando a fund management firm?

All questions, advice and comments will be positively received.

owolabiafeez@hotmail.com

Twitter- @1himself

The NESTLE of my GENERATION

I must confess my mixed feelings some weeks ago when Nestle jolted the market with its juicy dividend, those were moment you feel elated for having even 100 units of NESTLE, also moment you have excruciating feelings for not having Nestle in your portfolio. Am still young in the market though, I must however confess that I experienced Nestle at N300, I wish I had bought then but there was no way I could,with little knowledge and meagre cash in my possession.

However, After a while of moody feelings I pulled myself up consoling myself with the conclusion that Nestle is a stock of the older generations, a crop of investors that were young in the 70s 80s 90s and early 2000.

What then could be the NESTLE of my own generation? Instead of feeling worse about what I could not change I put the energy into the quest for the next NESTLE. It was hectic I must confess, making it more tedious is the fact that i neither have light nor good network where I am doing my NYSC but I was determined to look for the next NESTLE.. The NESTLE of my own generation.

After cursory research I arrived at OKOMU..okomu? YES OKOMU oil palm PLC!!!

From q3,12 of OKOMU the following can be deduced:

PATmargin 37%

EPS 6.34 ForwardEPS 8.5

PE 8.3. ForwardPE 6.16

ROE 30.2%. RONA 78%

RVS 16.71

HIGHLIGHTS

* The firm has a huge working capital which suggest strong liquidity.

* The buisness of the firm is a money spinning one,the firm generate much money from its operation than its entire profit after tax.

*The firm generate a revenue that its almost as equal as its Fixed asset.

The contradiction in the Revenue per share and Return on asset implies that the company is even yet to reach its climax of revenue generation,this can be supported with the reduction in the inventory of the company which shows quick conversion and sales of product.

My wonderful generation, I believe this is our own Nestle.

Take a look at all the stocks on NSE that sell at above N50 compare their EPS and PEs with OKOMU and you will me marvelled.

Recently Nestle gave out N18, NB gave out N3 yet all amounts to nothing in terms of dividend yield. Okomu dividend yeild will surely surpass all the aforementioned.

If Dangcem with almost the same EPS as OKOMU, with higher PE than okomu and with lower ROE to okomu can sell at above 100 then that implies that Okomu is seriously undervalued.

If NB or Guiness which has none of its fundamentals been able to match up with okomu can sell at above 100 then there is huge potential in this OKOMU.

My wonderful generation. I believe this is our own Nestle and am BUYING.

All question and suggestion will be welcome through:

Twitter: @1himself

1himself is currently doing his NYSC, he his also currently the Pioneer champion and brand ambassador of www.investment-one.com\feds

He was also the 2nd runner up of 2012 www.easykobo.com stock trial.

THANKS TO easykobo.com FOR THE LEARNING PLATFORM

After Months of learning from easykobo.com, a financial website that initiated what we all felt a Nigeria firm wont be able to initiate or handle, winners has emerged and i say congratulatons not only to the winner but the entire participant... Sadly but encouraging i emerged as the first runner up so i have decided to blog this.....

Below EXCERPT is ENTIRELY from easykobo.com

'1himself' is 1st runner up with 'Buy & sell" strategy for Nigerian stocks       

Dec 30 (Lagos) - Its 2 weeks since the conclusion first season of the 1st free Stock Trials of Nigerian Stock Exchange listed stocks. Its also time to reveal the portfolios of the top 3 investors. These individuals used their investment quotient to earn the highest Return on Investment (ROI) over the past 6 month period.

Everyone started with 50 million practice account. Player with Easykobo user name of "1himself" wins the 2nd place cash prize with a Return on Investment of 90.3% over the past 6 months from investing in Nigerian stocks.

Such a return is an eye opener for any investors out there. The strategy deployed by 1himself is more frequest "buy" & "sell" order strategy to lock in gains when they occur and then invest in a different stock with better valuations. Lets take a look at the portfolio and transactions of '1himself'.

Such a strategy is also widely used in Nigerian stocks and also worldwide when we see profit taking at various intervals. Its key to know when to sell your stock once you are satisfied with the gains.

Such practical learning is brought to you courtsey easykobo.com financial website. This player made big gains on CUTIX, DNMEYER, DIAMONDBNK, AIICO, UBA, HONYFLOUR. This player is most likely a seasoned investor who knows how to pick stocks based on valuations and also knows when to get out a stock at the right moment. Lets take a look at his activity of buys and sells during the first season of the stock trials.

Stock	Type	OrderDate	Executed Date	Qty Ordered	Qty Executed	Ordered Price	Executed Price	Total
GLAXOSMITH	BUY	29-11-12 12:52	29-11-12 15:35	110,000	110,000	43.4	45	4,950,000.00
UNITYBNK	BUY	26-11-12 14:19	26-11-12 15:47	180,000,000	180,000,000	0.52	0.5	90,000,000.00
ETERNA	BUY	19-11-12 13:30	19-11-12 15:42	12,000,000	12,000,000	1.74	1.75	21,000,000.00
ETERNA	BUY	12-11-12 14:16	12-11-12 15:34	12,000,000	12,000,000	1.86	1.93	23,160,000.00
UNITYBNK	BUY	09-11-12 13:31	09-11-12 15:42	25,000,000	25,000,000	0.51	0.53	13,250,000.00
UNITYBNK	BUY	07-11-12 14:21	07-11-12 17:35	25,000,000	25,000,000	0.55	0.53	13,250,000.00
WAPIC	BUY	06-11-12 13:57	06-11-12 15:46	100,000,000	100,000,000	0.52	0.54	54,000,000.00
CUTIX	BUY	01-11-12 14:27	01-11-12 19:02	15,000,000	15,000,000	1.78	1.78	26,700,000.00
STERLNBANK	BUY	30-10-12 13:23	30-10-12 17:10	3,000,000	3,000,000	1.67	1.7	5,100,000.00
STERLNBANK	BUY	30-10-12 13:23	30-10-12 17:10	3,000,000	3,000,000	1.67	1.7	5,100,000.00
STERLNBANK	BUY	30-10-12 13:23	30-10-12 17:10	3,000,000	3,000,000	1.67	1.7	5,100,000.00
UNITYBNK	BUY	29-10-12 14:26	29-10-12 18:08	10,000,000	10,000,000	0.65	0.68	6,800,000.00
CUTIX	BUY	29-10-12 14:20	29-10-12 18:08	18,000,000	18,000,000	1.55	1.62	29,160,000.00
AIICO	BUY	23-10-12 14:23	23-10-12 16:44	2,000,000	2,000,000	0.66	0.6	1,200,000.00
AIICO	BUY	23-10-12 14:23	23-10-12 16:44	1,800,000	1,800,000	0.66	0.6	1,080,000.00
NEM	BUY	22-10-12 14:16	22-10-12 19:32	20,000,000	20,000,000	0.52	0.51	10,200,000.00
ROYALEX	BUY	22-10-12 13:53	22-10-12 19:32	32,000,000	32,000,000	0.51	0.5	16,000,000.00
JAPAULOIL	BUY	19-10-12 13:48	19-10-12 15:55	15,000,000	15,000,000	0.6	0.6	9,000,000.00
WEMABANK	BUY	19-10-12 13:45	19-10-12 15:55	32,000,000	32,000,000	0.6	0.57	18,240,000.00
JAPAULOIL	BUY	17-10-12 14:11	17-10-12 16:55	8,000,000	8,000,000	0.58	0.6	4,800,000.00
UNITYBNK	BUY	10/17/2012 2:09:35 PM	10/17/2012 4:55:18 PM	16,500,000	16,500,000	0.58	0.59	9,735,000.00
FCMB	BUY	10/17/2012 1:44:20 PM	10/17/2012 4:55:18 PM	1,500,000	1,500,000	3.26	3.5	5,250,000.00
AIICO	BUY	10/17/2012 1:42:19 PM	10/17/2012 4:55:18 PM	14,500,000	14,500,000	0.65	0.71	10,295,000.00
DNMEYER	BUY	10/17/2012 1:31:35 PM	10/17/2012 4:55:18 PM	2,000,000	2,000,000	2.43	2.67	5,340,000.00
UNITYBNK	BUY	10/15/2012 1:53:49 PM	10/15/2012 4:16:27 PM	40,000,000	40,000,000	0.54	0.56	22,400,000.00
WEMABANK	BUY	10/15/2012 1:52:54 PM	10/15/2012 4:16:27 PM	45,000,000	45,000,000	0.52	0.54	24,300,000.00
DNMEYER	BUY	10-12-12 14:18	10-12-12 15:23	5,000,000	5,000,000	1.83	2.01	10,050,000.00
NEM	BUY	10-11-12 12:15	10-11-12 16:11	2,000,000	2,000,000	0.54	0.56	1,120,000.00
SKYEBANK	BUY	10-11-12 12:12	10-11-12 16:11	2,500,000	2,500,000	3.68	3.86	9,650,000.00
DIAMONDBNK	BUY	10-11-12 12:10	10-11-12 16:11	6,000,000	6,000,000	4.47	4.91	29,460,000.00
AIICO	BUY	10-03-12 13:38	10-03-12 15:44	10,000,000	10,000,000	0.55	0.57	5,700,000.00
OANDO	BUY	10-03-12 13:35	10-03-12 15:44	800,000	800,000	12.18	12.78	10,224,000.00
AIICO	BUY	10-03-12 13:34	10-03-12 15:44	10,000,000	10,000,000	0.55	0.57	5,700,000.00
IKEJAHOTEL	BUY	10-02-12 13:55	10-02-12 15:55	13,500,000	13,500,000	1.04	1.07	14,445,000.00
PRESTIGE	BUY	9/28/2012 10:24:09 AM	9/28/2012 6:09:46 PM	580,000	580,000	0.54	0.54	313,200.00
GOLDINSURE	BUY	9/28/2012 10:18:35 AM	9/28/2012 6:09:46 PM	600,000	600,000	0.52	0.5	300,000.00
TRANSCORP	BUY	9/27/2012 10:56:27 AM	9/27/2012 3:53:19 PM	500,000	500,000	1.05	1.1	550,000.00
TRANSCORP	BUY	9/27/2012 10:45:53 AM	9/27/2012 3:53:19 PM	44,000,000	44,000,000	1.05	1.1	48,400,000.00
TRANSCORP	BUY	9/26/2012 1:17:20 PM	9/26/2012 4:02:57 PM	800,000	800,000	1	1.05	840,000.00
DANGFLOUR	BUY	9/26/2012 9:26:40 AM	9/26/2012 4:02:56 PM	1,700,000	1,700,000	8.48	8.65	14,705,000.00
NEM
BUY	9/25/2012 8:56:00 AM	9/25/2012 3:12:08 PM	920,000	920,000	0.54	0.52	478,400.00
UTC	BUY	9/24/2012 8:50:32 AM	9/24/2012 3:41:27 PM	1,000,000	1,000,000	0.67	0.67	670,000.00
UTC	BUY	9/24/2012 8:48:26 AM	9/24/2012 3:41:27 PM	17,300,000	17,300,000	0.67	0.67	11,591,000.00
AIICO	BUY	9/21/2012 6:40:15 AM	9/21/2012 4:42:07 PM	1,000,000	1,000,000	0.58	0.6	600,000.00
AIICO	BUY	9/21/2012 6:39:47 AM	9/21/2012 4:42:07 PM	1,000,000	1,000,000	0.58	0.6	600,000.00
AIICO	BUY	9/21/2012 6:37:07 AM	9/21/2012 4:42:07 PM	40,000,000	40,000,000	0.58	0.6	24,000,000.00
INTBREW	BUY	9/20/2012 7:35:24 AM	9/20/2012 4:09:24 PM	440,000	440,000	16.69	15.03	6,613,200.00
AIICO	BUY	9/20/2012 7:32:24 AM	9/20/2012 4:09:24 PM	14,500,000	14,500,000	0.56	0.58	8,410,000.00
UTC	BUY	9/19/2012 6:44:10 AM	9/19/2012 4:29:31 PM	16,600,000	16,600,000	0.61	0.61	10,126,000.00
UTC	BUY	9/18/2012 6:01:31 AM	9/18/2012 4:53:39 PM	150,000	150,000	0.59	0.61	91,500.00
UTC	BUY	9/18/2012 5:59:18 AM	9/18/2012 4:53:39 PM	4,000,000	4,000,000	0.59	0.61	2,440,000.00
INTBREW	BUY	9/18/2012 5:56:48 AM	9/18/2012 4:53:39 PM	165,000	165,000	14.28	15.7	2,590,500.00
FCMB	BUY	9/17/2012 6:22:29 AM	9/17/2012 7:54:28 PM	1,200,000	1,200,000	2.9	2.9	3,480,000.00
UTC	BUY	9/14/2012 8:03:58 AM	9/14/2012 4:32:38 PM	2,700,000	2,700,000	0.55	0.57	1,539,000.00
JAPAULOIL	BUY	9/14/2012 7:18:37 AM	9/14/2012 4:32:38 PM	2,000,000	2,000,000	0.58	0.6	1,200,000.00
OANDO	BUY	9/14/2012 7:17:36 AM	9/14/2012 4:32:38 PM	75,000	75,000	13.46	13.41	1,005,750.00
UTC	BUY	9/14/2012 7:16:46 AM	9/14/2012 4:32:38 PM	10,500,000	10,500,000	0.55	0.57	5,985,000.00
ETERNA	BUY	9/13/2012 7:30:21 AM	9/13/2012 4:46:41 PM	1,500,000	1,500,000	2.15	2.24	3,360,000.00
UBA	BUY	09-12-12 6:33	09-12-12 16:06	1,500,000	1,500,000	4.2	4.41	6,615,000.00
OANDO	BUY	09-12-12 6:30	09-12-12 16:06	350,000	350,000	13.37	13.49	4,721,500.00
IKEJAHOTEL	BUY	09-12-12 6:29	09-12-12 16:06	2,000,000	2,000,000	1.12	1.17	2,340,000.00
IKEJAHOTEL	BUY	09-07-12 9:33	09-07-12 15:50	2,000,000	2,000,000	1.1	1.15	2,300,000.00
NESTLE	BUY	09-06-12 9:49	09-06-12 18:00	18,000	18,000	550	550	9,900,000.00
OANDO	BUY	09-06-12 9:44	09-06-12 18:00	730,000	730,000	13.7	13.74	10,030,200.00
CADBURY	BUY	09-06-12 9:42	09-06-12 18:00	120,000	120,000	20.65	21.68	2,601,600.00
INTBREW	BUY	09-06-12 9:27	09-06-12 18:00	500,000	500,000	9.7	10.18	5,090,000.00
HONYFLOUR	BUY	09-06-12 9:25	09-06-12 18:00	6,000,000	6,000,000	1.85	1.94	11,640,000.00
BAGCO	BUY	09-06-12 9:22	09-06-12 18:00	1,200,000	1,200,000	1.64	1.72	2,064,000.00
NPFMCRFBK	BUY	09-05-12 8:18	09-05-12 15:44	130,000	130,000	1.1	1.1	143,000.00
DNMEYER	BUY	09-04-12 8:23	09-04-12 16:13	1,000,000	1,000,000	0.85	0.85	850,000.00
DNMEYER	BUY	09-04-12 8:22	09-04-12 16:13	2,220,000	2,220,000	0.85	0.85	1,887,000.00
DNMEYER	BUY	09-04-12 8:20	09-04-12 16:13	37,000,000	37,000,000	0.85	0.85	31,450,000.00
GOLDINSURE	BUY	09-03-12 9:24	09-03-12 15:47	20,000,000	20,000,000	0.5	0.51	10,200,000.00
SKYEBANK	BUY	8/27/2012 8:33:35 AM	8/27/2012 4:10:08 PM	4,500	4,500	2.65	2.7	12,150.00
SKYEBANK	BUY	8/24/2012 9:55:27 AM	8/24/2012 3:42:39 PM	201,000	201,000	2.65	2.65	532,650.00
DNMEYER	BUY	8/23/2012 9:29:30 AM	8/23/2012 7:13:55 PM	500,000	500,000	0.6	0.63	315,000.00
DNMEYER	BUY	8/23/2012 9:27:16 AM	8/23/2012 7:13:54 PM	78,000,000	78,000,000	0.6	0.63	49,140,000.00

The follwing are his sell orders over the past 6 months. As you can see, '1himself' is probably an experienced investor who is not shy of offloading his stocks to lock in the gains and also suffer the occasional losses as long as he can transfer the monty into another stock investment.

This portfolio is a perfect advertisement for Nigerian stock investing environment.

Stock	Type	OrderDate	ExecutedDate	QtyOrdered	QtyExecuted	OrderedPrice	ExecutedPrice	Total
UNITYBNK	SELL	12/14/2012 1:19:25 PM	12/14/2012 3:56:59 PM	80,000,000	80,000,000	0.5	0.5	40,000,000.00
GLAXOSMITH	SELL	12/14/2012 1:18:48 PM	12/14/2012 3:56:59 PM	110,000	110,000	44.99	45	4,950,000.00
UNITYBNK	SELL	11/30/2012 2:11:38 PM	11/30/2012 3:39:42 PM	100,000,000	100,000,000	0.5	0.5	50,000,000.00
ETERNA	SELL	11/21/2012 1:52:01 PM	11/21/2012 3:38:18 PM	12,000,000	12,000,000	1.67	1.6	19,200,000.00
ETERNA	SELL	11/14/2012 1:54:30 PM	11/14/2012 5:46:28 PM	12,000,000	12,000,000	1.93	1.84	22,080,000.00
UNITYBNK	SELL	11/14/2012 1:48:22 PM	11/14/2012 5:46:28 PM	50,000,000	50,000,000	0.53	0.51	25,500,000.00
NEM	SELL	11/14/2012 1:46:59 PM	11/14/2012 5:46:28 PM	20,000,000	20,000,000	0.51	0.5	10,000,000.00
CUTIX	SELL	11/14/2012 1:45:12 PM	11/14/2012 5:46:28 PM	1,500,000	1,500,000	1.54	1.59	2,385,000.00
AIICO	SELL	11/14/2012 1:40:00 PM	11/14/2012 5:46:28 PM	18,300,000	18,300,000	0.61	0.58	10,614,000.00
WAPIC	SELL	11/13/2012 1:21:42 PM	11/13/2012 6:46:22 PM	100,000,000	100,000,000	0.54	0.52	52,000,000.00
CUTIX	SELL	11-05-12 13:59	11-05-12 15:56	1,500,000	1,500,000	1.78	2.23	3,345,000.00
CUTIX	SELL	11-05-12 13:58	11-05-12 15:56	30,000,000	30,000,000	1.78	2.23	66,900,000.00
STERLNBANK	SELL	10/31/2012 1:25:04 PM	10/31/2012 4:16:52 PM	9,000,000	9,000,000	1.7	1.65	14,850,000.00
UNITYBNK	SELL	10/31/2012 1:22:34 PM	10/31/2012 4:16:52 PM	10,000,000	10,000,000	0.67	0.64	6,400,000.00
WEMABANK	SELL	10/30/2012 1:24:48 PM	10/30/2012 5:10:16 PM	77,000,000	77,000,000	0.62	0.6	46,200,000.00
ROYALEX	SELL	10/29/2012 2:24:22 PM	10/29/2012 6:08:54 PM	12,000,000	12,000,000	0.5	0.5	6,000,000.00
JAPAULOIL	SELL	10/24/2012 1:58:18 PM	10/24/2012 6:12:35 PM	23,000,000	23,000,000	0.6	0.58	13,340,000.00
ROYALEX	SELL	10/24/2012 1:57:28 PM	10/24/2012 6:12:35 PM	20,000,000	20,000,000	0.5	0.5	10,000,000.00
FCMB	SELL	10/24/2012 1:56:13 PM	10/24/2012 6:12:35 PM	1,500,000	1,500,000	3.43	3.42	5,130,000.00
UNITYBNK	SELL	10/22/2012 2:10:00 PM	10/22/2012 7:32:43 PM	16,500,000	16,500,000	0.62	0.61	10,065,000.00

DNMEYER	SELL	10/19/2012 1:49:37 PM	10/19/2012 3:55:40 PM	2,000,000	2,000,000	2.67	2.93	5,860,000.00
UNITYBNK	SELL	10/17/2012 1:35:50 PM	10/17/2012 4:55:18 PM	40,000,000	40,000,000	0.58	0.59	23,600,000.00
GOLDINSURE	SELL	10/16/2012 1:53:44 PM	10/16/2012 4:58:01 PM	600,000	600,000	0.5	0.5	300,000.00
DNMEYER	SELL	10/16/2012 1:49:57 PM	10/16/2012 4:58:01 PM	5,000,000	5,000,000	2.21	2.43	12,150,000.00
NEM	SELL	10/16/2012 1:44:36 PM	10/16/2012 4:58:01 PM	2,920,000	2,920,000	0.55	0.53	1,547,600.00
IKEJAHOTEL	SELL	10/16/2012 1:43:34 PM	10/16/2012 4:58:01 PM	9,500,000	9,500,000	1.14	1.14	10,830,000.00
SKYEBANK	SELL	10/16/2012 1:39:46 PM	10/16/2012 4:58:01 PM	2,500,000	2,500,000	4.25	4.1	10,250,000.00
DIAMONDBNK	SELL	10-12-12 13:59	10-12-12 15:23	6,000,000	6,000,000	4.91	4.79	28,740,000.00
IKEJAHOTEL	SELL	10-11-12 14:20	10-11-12 16:11	8,000,000	8,000,000	1.08	1.13	9,040,000.00
AIICO	SELL	10-11-12 14:16	10-11-12 16:11	20,000,000	20,000,000	0.83	0.8	16,000,000.00
OANDO	SELL	10-05-12 14:13	10-05-12 16:04	800,000	800,000	13.41	12.74	10,192,000.00
TRANSCORP	SELL	10-04-12 14:20	10-04-12 16:33	22,300,000	22,300,000	1.26	1.21	26,983,000.00
PRESTIGE	SELL	10-02-12 13:53	10-02-12 15:55	580,000	580,000	0.54	0.54	313,200.00
TRANSCORP	SELL	10-02-12 13:51	10-02-12 15:55	23,000,000	23,000,000	1.15	1.2	27,600,000.00
DANGFLOUR	SELL	9/28/2012 1:56:12 PM	9/28/2012 6:09:46 PM	1,700,000	1,700,000	8.45	8.55	14,535,000.00
AIICO	SELL	9/26/2012 1:30:40 PM	9/26/2012 4:02:56 PM	56,500,000	56,500,000	0.66	0.63	35,595,000.00
UTC	SELL	9/26/2012 1:21:15 PM	9/26/2012 4:02:56 PM	18,300,000	18,300,000	0.73	0.76	13,908,000.00
OANDO	SELL	9/25/2012 9:21:55 AM	9/25/2012 3:12:07 PM	1,155,000	1,155,000	13.6	13.52	15,615,600.00
JAPAULOIL	SELL	9/21/2012 6:44:45 AM	9/21/2012 4:42:07 PM	2,000,000	2,000,000	0.64	0.63	1,260,000.00
INTBREW	SELL	9/21/2012 6:43:18 AM	9/21/2012 4:42:07 PM	730,000	730,000	15.03	13.91	10,154,300.00
UTC	SELL	9/20/2012 8:46:42 AM	9/20/2012 4:09:24 PM	33,950,000	33,950,000	0.61	0.64	21,728,000.00
FCMB	SELL	9/20/2012 7:36:47 AM	9/20/2012 4:09:24 PM	1,200,000	1,200,000	3.17	3.07	3,684,000.00
NESTLE	SELL	9/19/2012 6:47:01 AM	9/19/2012 4:29:31 PM	9,000	9,000	604	604	5,436,000.00
UBA	SELL	9/19/2012 6:45:59 AM	9/19/2012 4:29:31 PM	1,500,000	1,500,000	4.6	4.53	6,795,000.00
ETERNA	SELL	9/19/2012 6:45:29 AM	9/19/2012 4:29:31 PM	1,500,000	1,500,000	2.4	2.4	3,600,000.00
NESTLE	SELL	9/18/2012 6:08:36 AM	9/18/2012 4:53:39 PM	9,000	9,000	577.5	604	5,436,000.00
GOLDINSURE	SELL	9/18/2012 6:06:31 AM	9/18/2012 4:53:39 PM	10,000,000	10,000,000	0.5	0.5	5,000,000.00
GOLDINSURE	SELL	9/17/2012 6:23:25 AM	9/17/2012 7:54:28 PM	10,000,000	10,000,000	0.5	0.5	5,000,000.00
INTBREW	SELL	9/14/2012 9:49:45 AM	9/14/2012 4:32:38 PM	125,000	125,000	12.96	13.6	1,700,000.00
BAGCO	SELL	9/14/2012 8:04:52 AM	9/14/2012 4:32:38 PM	600,000	600,000	1.98	1.89	1,134,000.00
BAGCO	SELL	09-11-12 8:12	09-11-12 15:59	600,000	600,000	1.89	1.98	1,188,000.00
HONYFLOUR	SELL	09-11-12 8:11	09-11-12 15:59	6,000,000	6,000,000	2	1.95	11,700,000.00
INTBREW	SELL	09-11-12 7:50	09-11-12 15:59	250,000	250,000	11.21	11.77	2,942,500.00
CADBURY	SELL	09-11-12 7:47	09-11-12 15:59	120,000	120,000	20.9	19.86	2,383,200.00
NPFMCRFBK	SELL	09-07-12 9:35	09-07-12 15:50	130,000	130,000	1.1	1.1	143,000.00
SKYEBANK	SELL	09-07-12 9:34	09-07-12 15:50	205,500	205,500	2.95	2.94	604,170.00
DNMEYER	SELL	09-05-12 8:16	09-05-12 15:44	64,470,000	64,470,000	0.85	0.81	52,220,700.00
DNMEYER	SELL	09-03-12 8:36	09-03-12 15:47	15,000,000	15,000,000	0.81	0.85	12,750,000.00
DNMEYER	SELL	8/31/2012 9:20:00 AM	8/31/2012 4:36:29 PM	39,250,000	39,250,000	0.78	0.81	31,792,500.00

Congratulations for '1himself' for winning the 2nd prize. Any investment bank in Nigeria will find this portfolio very interesting because of amout of trades and efficiency of the player.