2 New Banks & A Registrar Joins Our Stock Picks For The Week (3/3/2014)

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February was a month to forget for some investors whilst others would reflect on February and say that was the month they made their best move. Value investing is as much of bargaining as it is timing. In as much as you have the patience to wait out stocks till they fall to a value of your liking you must have the courage to make a move when the opportunity presents itself.

We did, grab some opportunities whilst we are willing to wait out a bit more. This week we publish our stock picks containing a list of stocks we have penciled down for purchase. Some are already included in our portfolio whilst some re yet to be included. However, they are in our wish list and would make a move once all our boxes are ticked. Here is a look at our stock picks;[upme_private]

		N	N
Date added to list	Company	Maximum   price to pay (N)	Current   Price (N)	Possible   Action
17/1/2013	AIICO	0.8	0.85	WAIT
17/1/2013	UBA	10	7.81	BUY
17/1/2013	BERGER PAINTS	9	9.87	WAIT
17/1/2013	ZENITH BANK	25	20.93	BUY
17/1/2013	GT BANK	26	25.15	BUY
17/1/2013	NASCON	14	13.20	BUY
17/1/2013	CONTINENTAL   REINSURANCE	1.2	1.10	BUY
17/1/2013	7UP	79	82.60	WAIT
11/2/2014	RED STAR EXPRESS	5	4.58	BUY
3/3/2014	DIAMOND BANK	7	6.62	BUY
3/3/2014	SKYE BANK	4.5	3.87	BUY
3/3/2014	AFRICA PRUDENTIALS	4.5	4.00	BUY
3/3/2014	GUINNESS NIGERIA PLC	165	188.00	WAIT
	0

Note:

• Current prices as at 3/3/2014
• Our maximum price is a factor of our perceived intrinsic value of the stock. It may sometimes be higher or lower depending on our investment appetite.

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