₦airaland Forum

any day anytime, its 212

i did petroleum engineering and also applied but was not called.but nothing dey happen.cos me i go gate crash.

@Joshcoli ,

well, i must commend ur post.

fisrt of all,u must not forget that the bases of investing in the aggressive or disocvery fund is the capital mrkt,becos the 2 funds have an equity percentage holdings in the nigeria capital mkt.furthermore,u and i know well that the capital mkt has been bearish since january this year and stock prices are still falling,but all the same it is a good time to buy,so that when the stock mkt experiences a bullish look u can make the kill you require.

cheers.

we didnt go to sleep.we are all re-strategizing for the next quarter of the year.
cheerio

@ trae_z

kindly go to www.arm.com.ng/agf. this will guild u accordingly as regards ur question onNSE ALL SHARE INDEX

u can check ARM DISCOVERY FUND.

STILL REMAINS THE BEST.FOR FURTHER DETAILS CONTACT ME ON 080386730333.OR VISIT OUR WEBSITE ON www.armdiscoveryfund.com

@bollingjoe


the dividend will be used to buy more units for you as an investor,there by making u have more units in ur investment portfolio.

@peaceland

the beauty of the fund is that you can invest at your own convienent time and also if an investor invest at the 11th hour,in as much that the financial year for ARM HAS NOT CLOSED ,he will be entitled to dividend pay out for that year.

jjj

Ecobank shops for $3 billion to finance expansion



The Ecobank Group has concluded plans to open public offer in the various regional stock exchanges where it operates for a total sum of $3 billion, planned for the expansion of its operations in the continent and beyond.



Group managing director, Arnold Ekpe, made this known recently in Accra at the group annual general meeting of the company.



According to Ekpe, the bank would be seeking the relevant regulatory approvals for the offer to be made both locally and internationally in June or July.



The bank, which prides itself as the Pan-African bank, leads in terms of regional branch network in West and Central Africa with operations in 22 countries in the continent, and plans to extend its operations to Asia, Europe and the Americas.



"What we are hoping to raise is an amount of up to $3 billion in debt and equity and this will be used to continue our expansion," Ekpe noted while interacting with journalists in Accra.



As he explained, "the objective of the capital is to finance the continued development of the group and to position ourselves as the leading bank in middle Africa."



"I’m confident, because the value of the group has increased from $300 million to $3 billion, so we are hoping shareholders will display the support they have given us over the years."



The bank plans to list on the London Stock Exchange before the end of the year. The bank, Ekpe explained, also plans to begin operations in New York, Paris, Beijing and Dubai very soon.



According to the group managing director, "our objective is to make Ecobank products and services available to our people in the diaspora and to link our people and businessmen to opportunities in the international arena."



President John Kufuor of Ghana, who commissioned the bank’s state-of-the-art technology centre in Accra, commended the management for their foresight and for contributing significantly to ‘the furthering of the ECOWAS regional integration drive’.



The group’s outstanding commitment in the African continent earlier in the year earned is award as the Best Emerging Market Bank in Cote d’Ivoire. According to a survey conducted by Global Finance Magazine with input from industry analysts, corporate executives and banking consultants, Ecobank’s selection was based on several criteria including growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.



The bank was also voted the Best Overall Bank of the year in 2006 and 2007 in the Ghana banking awards. Commenting on the various recognition the bank has received over time, group chief executive officer, Arnold Ekpe, said the choices confirms its position as a leader in the emerging African banking industry and its long-term commitment to the African continent. - BusinessDay

Thank you for your request,but unfortunately,the fund has a well structured asset classes where this fund goes to.\

65% goes to equities of company on the stock market,15% goes to real estate,15% goes to fixed income ,5% goes to cash.


Things are changing rapidly.\


cheers

all say BLUESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

CHELSEA 4 LIFE OOH

@shylle,


well, i thank you for your post.

I will recommend,SPRINGBOARD TRUST AND INVESTMENT COMPNAY.

promise i wouldnt forget ,cos i have dedicated most of time on this blog,meeting good people that helped me.so i must replicate same ,immediately i find that opportunity.

@poster,

i am thanking God 4 u.

@all futoites


my fellow futoites,make una help me thank God,i don finally collect ECOBANK employment letter.i no fit shout ooooooooooooooooooh

the next place wey i target na chevron or mobil by God grace.

Thanks for all ur prayers.

@DELEX

WELL I JUST COLLECTED MY LETTER OF EMPLOYMENT NOT QUITE LONG

08038673022(AFAM)

@ALL,

I MUST REALLY THANK ALL NAIRALANDERS AND THEIR POSTS,COS SOMETIMES LAST YEAR,I READ ABOUT ECOBANK TEST AND I WENT FOR THE TEST WITHOUT BEEN INVITED(GATE CRASHED), BUT HERE AM I TODAY,TO TESTIFY TO THE GOODNESS OF THE LORD.

I JUST RECEIVED MY LETTER OF EMPLOYMENT TODAY.

MY PRAYER FOR THOSE STILL IN SEARCH,IS THAT GOD WILL DEFINATELY LOCATE THEM,AND FOR THOSE EMPLOYED,DOUBLE PROMOTION IS MY PRAYER FOR U.

GONGO ASO

HELP ME THANK BABA GOD

@9cent;


my bro ,sincerely speaking ,i dont have an idea,but i will suggest u use the registrars phone number on my post

@all,

I STUMBLED ON THIS AND I THINK IT COLUD CHANGE SOMEONES LIFE OUT THERE.

KINDLY INTERACT WITH THE "ANNUALLY"COLUMN ON THE EXCEL SHEET.

DO THIS CONSTITENTLY WITH ARM INVESTMENT MANAGER AND REALISE YOUR FUTURE INVESTMENT GOALS AND OBJECTIVES.

AFAM NWACHUKWU
Mobile: 08038673022
Retail Business Unit
ARM Investment Center
36A,Awolowo Road,Ikoyi
Lagos
www.armdiscoveryfund.com

Hmmm,
really a bad one,but not really bad in the sense that,you will definately reap good returns from transcorp but it will be in the long run

If i were in your shoes,as a professional fund manager,i would have looked the direction of fixed income since it was for the short term,but since you really don't understand the bases of how the capital market works(fluctuations in price),i wouldn't blam you that much.

My advise for you is to holdon to your stock and try as much as possible to look for money to pay your school fees but if not ,u have to sell it off to foot your bills.

Once bitten,twice shy,i hope you don't make same mistake.

AFAM NWACHUKWU
Mobile: 08038673022
Retail Business Unit
ARM Investment Center
36A, Awolowo Road,Ikoyi
Lagos
www.armdiscoveryfund.com

just like you said,lets be optimisitc that something concrete happens.

But i know for sure that your patience will be tested and its a sure bet,the next call u will get from ecobank will be for you to come and pick ur letter of appointment.say a big AMEN TO THAT.

for this recruitment,it is for arm discovery fund

@lasgidy

I quite agree with chydoo, your patience will really be tested but i believe they will definately call.

I had to wait for 14 months before they called me for interview and now for the past 2 weeks we have been expecting a call from them to receive our letter of appointment,but i believe it is well

@roland;

nice one and i am officially saying welcome  to the favour market.(a meeting place for all GRADUATES that passed through FUTO).When you say we make noise,wot kind of noise are u talking about?is it holy noise or entertainment noise?

@all

if to say i know,i for hook up with one serious chik for futo,by now i for don born like 2 pikin/issue

@lindiwe

e bi like say u dey do yahoo yahoo(dissappearing act)

i think it is for ibtc stanbic

@soty


guy u Bleep up,so u know no say ,u suppose tell me say VERA n ND. dey do wedding.
AFTER U DON CHOP ,DRINK FINISH U CUM DEY YARN .

ME I NO HAPPY FOR U

@all


ACCESS BANK wish to inform her esteemed shareholders, Regulatory Authorities, licensed stockbrokers, other capital market operators and the general public that United Securities Limited has been appointed the new Registrars of Access Bank Plc with effect from 21st April, 2008.

Consequently, all enquiries regarding shareholding in Access Bank Plc including share transfer, unclaimed dividends and return money warrants on applications of 50,000 units and above during the 2007 public offer should be directed to:

United Securities limited
5th Floor, UAC House
1/5, Odunlami Street
Lagos
Tel: +234 1 730 0898, 730 0891
Fax: +234 1 264 0709
Email: info@unitedsecuritieslimited.com

@Hi all,

It is a pleasure to inform you that a reputable company will soon roll out its real estate mutual fund I.P.O sometimes next month(JUNE 2008).

Just stay connected because its going to be a mouth watering offer.(it will be nice if investors too, have a real estate investment,which is totally different from the normally stocks they have been buying).

If interested don't hestitate to send me a mail via   (izi737@yahoo.com)   or call 08038673022.

@ all

Afribank Nigeria Plc, (AFRIBANK) may offer its investors a N1.60 Kobo dividend in the 2008 Financial Year End (FYE). Sebastian Adigwe, Group Managing Director/Chief Executive Officer (GMD/CEO) of the bank made this affirmation at the end of the bank’s “Facts behind the Figures” held today in Lagos Nigeria at the Floors of the Nigerian Stock Exchange (NSE).



“If it is the projection in terms of dividends, I cannot give you that until the shareholders Annual General Meeting (AGM) has been done, but what I can assure is that with the figures we have presented today; talking of N1.60 Kobo per share, clearly we should expect a very aggressive dividend and bonus issue for the year” Adigwe said.



The unaudited figures presented by the bank’s group shows that Total Assets grew from N86.669 million in 2004 to N480.779 million in 2007/2008 indicating a growth of 157 percent, with a five year Cumulative Average Growth Rate (CAGR) of 53 percent.



While Gross Earnings of the Group also increased from N14.889 million in 2004 to N51.270 million in year 2008 indicating a growth of 86 percent, also with a five year CAGR of 53 percent.



In the same vein, Profit before Tax (PBT) also rose from N2.022 million in 2004 to N17.306 million in 2008 showing a growth rate of 89 percent; with compound annual growth rate (CAGR) of 71 percent.



Profit after Tax (PAT) increased from N1.328 million in 2004 to N12.238 million in year 2008 representing an increase of 135 percent; with a CAGR of 131 percent.



Also shareholders funds grew from N8.621 million in 2004 to N43.965 in year 2008 indicating a 410 percent growth.



Adigwe confirmed that as at March 2008, number of outstanding shares of the company; stood at 6.130 billion.



“In the next five years, our story will be one of transformation, tremendous growth and unrivalled returns to investors” he affirmed.



Adigwe also confirmed that AFRIBANK raised about N105 billion in its last offer which the Securities and Exchange Commission (SEC); approved three weeks back.



This confirms the Nigerian Banking Sector Report, January 2008 by Afrinvest West Africa that the bank has successfully proven its readiness to reclaim its position as one of the leading financial institutions in Nigeria.

The Nigerian stock market cannot efficiently reflect fundamental values because no market possibly can and yet satisfy the entrepreneurial quest for profit. The market discovery process, entrepreneurship and competition make it inevitable that only those participants in the market who can successfully latch on the inefficiencies of market coordination presented as information can consistently make good returns. Given that scenario, the pursuit of efficient market in that sense is a ruse and an attempt to benchmark the Nigerian market against such non-existent standard is just a ruse. Efficiencies are attained individually by investors who use what means available to them in terms of funds, research skills and other complements to consistently outsmart the market. Such efficiency is impossible at the level of the market because it cannot be measured interpersonally. The options open therefore is for majority of the investor/traders/practitioners to understand the competitive strategy of the market leaders and find ways of beating them to it. Some of the strategies which have worked for the leaders in this market are the possession of sharp eyes and ears for information through variety of ways which includes the set up of formal research and intelligence platforms. The other includes the financial power to enable the immediate conversion of opportunities without much pressure. A necessary condition is to have good intelligence on the market but the satisfying condition is to have what it takes to take full advantage of such perceived opportunities.



Now when many participants have these advantages in almost a relatively equal or at beyond-minimum-benchmark levels, it will become relatively more difficult for a few participants to beat others and orchestrate un-noticed movements in the market place. However when many have these strategic advantages at relatively equal levels, changes can occur much more widely and almost in unison within the market. This unison does not represent an efficient market uniformity which will net out and result in no profits for each but rather, represents a broadened or robust rivalry resulting in reduced information transmission lags. Heavy information transmission lag which characterizes the Nigerian market makes it much more possible for a few smart market entrepreneurs to continue to feed fat using market information for a fairly long time before the rest of the market wakes up to that realization. This in itself is good and desirable as it demonstrates entrepreneurial acumen of those few. However, competition can be heightened to generate more benefits to everybody. When this is done, the immediate effect will be reduced lag in market information transmission period. But this lag can best be reduced when majority of the operators have mechanically efficient information and intelligence processing infrastructure. This is exactly what makes the difference between markets in developed and developing countries.


Name % Change
Okomu Oil Plc 52.32%
Cadbury Nigeria Plc 46.30%
NAHCo Plc 40.00%
Nestle Nigeria Plc 62.30%
Int. Breweries Plc 42.68%
Chevron Oil Nig. Plc 60.00%
Ashaka Cement Plc 50.16%
Guinness Nigeria Plc 53.80%
7UP Nigeria Plc 72.24%
Nigeria Breweries Plc 54.10%
John Holt Plc 51.50%
CCNN Plc 51.41%
SCOA Plc 68.00%
NCR Plc 60.00%
Mobil Oil Nig Plc 60.00%
A.G. Leventis Plc 88.45%
NBC Plc 56.21%
WAPCo Plc 60.00%
Chellarams Plc 40.00%
BOC Gases Plc 60.00%
Continental Re Plc 70.00%

For you to understand how the capital market works,you need a dedicated stock broker or a professional fund manager that understands the fundamentals and technics of the capital market and that is where you appreciate mutual fund.THINK ARM DISCOVERY FUND OR ARM AGGRESSIVE GROWTH FUND.

well lets wait till date and see how it goes.