Good day all,
Long time no see! I bring you all good tidings from the capital market. We bless God for the rebound we are witnessing in the market right now. How long long it'll last? Positive on the short-term.
Why the market crashed? Very simple! Policies surrounding the financial market @ large from CBN to , SEC, NSE
ET AL.1. The flurry of Private placements in the primary segment of the Nigerian capital market
2. The allegded ban on margin trading.
3. The percievd Foreign hedge funds managers' exit e.g Actis divested from UACN recently.
4. CBN's seemingly stringent rules on foreign equity ownership or stake in the Nigerian banking system
5. The NSE new rule of 100,000 units required to move a share price.
6. Series of stocks on technical suspension
7. Bank's uniform year end by CBN
8. Increase in the MPR to 10.25% by CBN saw funds divert to the money market
9. SEC's initial dealine of September for recapitalisation of brokerage firms.
I can go on and on,
Despite the recent odds on PPs, there are still good PPs in the market, eg RELTEL and Naturelle Extracts Limited (NEL) PP.
Please find attached NEL PP investment thesis for your perusal.
My email is (
aylala2002@yahoo.co.uk) or my reltel +234-1-4041391 for further enquiries especially interested investors, application forms are with me and me alone. I may gurantee you full allotment, but the 2 issuinh house ahve already fully underwrritten the issue incase of any underscription which i strongly doubt,
I PLACE AN OVERWEIGHT BUY ON NEL!!!