Stock Market Tips For Nigerians

[quote author=FatherOF2
Its interesting, Most of us here are engineers.How come?.

now we know why our roads and bridges are in bad shape.

Maybe he is an Engineer too

Any computer scientists (Akokite) in the house?

Finally thankGod finally.Hope its true.Send me the link.
But if EFCC starts to ask for the money and how he laundered it out of the country.The bank that shall be mentioned will be oceanic.
That's his bank.I understand it caused a massive run of withdrawals some two months ago at oceanic branches in delta/Edo state.But cbn gov. had to make a local broadcast that all was well with oceanic.Same thing happened to Allstates during Alamiesegha.

its good to know nobody is above the law in this country,

I bow o.

Anyone with the prospectus on either offer? There could be gold eggs waiting to lay in there 

 a cursory glance suggest this firm has issues with costs and expenses including an increasing tax liability. For proper analysis , one needs to look at a more detailed financials.

Very poor results. Despite the capital injection from the rights issue. Possibly the impact has not yet been felt on the bottom line.

If one compares the Q-2 result to the Q-3 result, one will notice that a loss is actually declared in Q-3. PAT grew from 0.19B to 0.12B.

Forward PE of 167. Not a short term candidate.

i tire oh , there were advert in the nespaper today for Aiico and costain. they listed their websites, costain's was like a shigidi website no clickable link, aiico last updated august, hopefully before week runs out we should have something
Vetiva promised to upload it to her website since yesterday .no hope

Regarding AIICO

http://allafrica.com/stories/200712101895.html

@Pumping ,
 
 like the mailman , you always deliver. nice one !

You are the man, not even a mention of it on Greenwich Trust's home page. Abeg do your magic 4 Costain

pumping,
thanks for all your contributions to this forum.

looks like after their company party today, we should get more info regarding COSTAIN

http://nigerianbulletin.com/nigeria-business-finance-news/costain-west-africa-to-re-launch-brand-on-dec-12/05122007/422/

@ FatherOF2 Re. Ibori's arrest

I no get the link for now, but it's all over the PM news now. He was arrested 11am this morning. Re. Oceanic & Ibori, you are right on target - probably, adverse effect on its share price  . Let's see how the whole situation unfolds itself.

Soludo at it again,
I hope this will improve corporate structuring and governanace and secure shareholders funds,

CBN harmonises job titles in banking industry
By Yemi Kolapo
Published: Wednesday, 12 Dec 2007
The Central Bank of Nigeria has approved the harmonisation of job titles in the banking industry to foster easy interaction between the institutions, the public and third parties.

A circular to all banks and discount houses, posted on the CBN website on Monday, and signed by the Director of Banking Supervision, Mr. Ignatius Imala, said some banks designated their personnel, particularly the top management staff, with job titles that were different from the conventional ones.

Imala, in the circular referenced BSD/DIR/GEN/CIR/V.1/018 and dated December 7, 2007, stated that while the practice might not be bad in itself, it might be difficult for the public and third parties to know the levels of authority and responsibility such designations depicted.

He explained that for simplicity and comparison across banks, it had become necessary to harmonise such designations with those already well known.

The CBN has, therefore, outlined acceptable equivalents for the major conventional titles.

In the CBN circular, conventional titles like ‘Managing Director/Chief Executive Officer’, ‘Deputy Managing Director’ and ‘Executive Director’ were retained.

However, for ‘General Manager,’ the acceptable equivalent is ‘Senior Vice- President’, while the acceptable equivalent for ‘Deputy Manager’ is ‘Vice President’.

The acceptable equivalents for others like ‘Assistant General Manager’, ‘Principal Manager’ and ‘Senior Manager’, according to the circular, are ‘Assistant Vice-President’, ‘Principal Manager’ and ‘Senior Executive Associate’ respectively.

The CBN also reminded banks that section 5.2.2 of the Code of Corporate Governance for banks disallowed the creation of the position of Executive Vice-Chairman and required that the position of the Chairman of the Board must be separate and distinct from that of the Chief Executive Officer.

“Titles like ‘Group Director’ or ‘Regional Director’ are also not permitted designations in the banking industry. All institutions are to note that this directive takes effect from the date of this circular,” Imala said.
http://www.punchng.com/Articl.aspx?theartic=Art20071212343521

Pray this attention will be turned to other sectors

@ blest
.

You didnt get the full gist. _{You conceited ass!!}  ;DBeing an engineer is good but it's not a prerequisite to success in stocks. I deliberately claimed the "soothsayer" profession to show that you could be anything and still make informed, analytical decisions. My actual profession is extremely rewarding and the remuneration matches the fun ( no other job in the world comes close),  Engineer like u no fit use megaupload sef,