feelamong:

My broker just informed me that NEM will be paying a dividend of 6kobo... not a bad deal i think!

They are forcing themselves to pay dividend to compensate shareholders instead of thinking of how to increase their retained earnings (currently they have -ve retained earnings)...I now understand why KOD said he supports what diamond bank did for not paying dividend..

Currently about 31M units are being traded on NEM at the moment...

immanuello: you are obviously right born 2 be rich on NEM case.My people suffer because they cant engage their mendulla oblaganta at a rightful state of mind that will make them generate correct and rational decision based on facts not opinions,media news stunt.d nem case study has shown that all is not too well with their result if you look at the time that result was placed under query and response pending,till even insurance firms like NIGER INSURANCE came out with their result and did stated 3kobo dividend.With so much on d positive side for NEM interms of valuation metrics yet their corporate governance was next to nix.well i was able to take advantage created by people's over-excitement over the news that NEM result has been approved and released by year end which made me to buy it at 56kobo when people were angry being waiting for the result for a very long time then i sold those useless empty gabbage at a whooping 69kobo this tuesday because i couldnt beat my chest on d result that it would be an amazing result with d fact i had on me and my rightful reasoning not even thinking becos REASONING SUPERCEDES THINKING.

I understand sir...but lets take it easy with some of the words we use here so that some Ogas wont be infuriated and feel insulted...BTW, the bull will definately touch most of these stocks anyway...One thing, dont let this spoil your celebration this festive season.

Enjoy.

lancee:



Hopefully sir , Nem don disappoint some of my Ogas on smn oo... stock market yawa

Some Ogas no go eat today...but seriously i expected this as it was too obvious..infact many people will be surprised when Q1, Q2 and Q3 will be released..Its good that Nem didnt choke themsef to pay dividend to shareholders..and i can see that there will be a bounce back from this stock in the nearest future...

immanuello: Born 2 be rich thank you from smn as u just told me it 2:30pm.

My Oga you are welcome...BTW so na you be ***** you come dey code yoursef all this while for here...i hail o..

lancee:




Thanks , don't think there is dividend , after some people don wait taya for months on smn

The handwritting was written on the wall long ago about NEM..Aiico, though a good coy still found it difficult this year...Nems case was audible to the deaf and visible to the blind...am glad i alighted from this bus long ago...holding a stock that hasnt released FY12 result for a year becos of dividend from hopeville isnt worth it...Me i dey front seat of another bullet train..

Anyways i see nem gaining in the near future come 2014..

Nigerian Stock Exchange:

1. Consumer Goods Sector Remains A Goldmine in 2014- Proshare

2. Improved Fundamentals drives performance in Financial Sector

3. Oando sells gas firm for $250m

4. PHCN assets now owned by NELMCO –Amadi

5. Oando Energy Signs Second Facility Agreement with Parent Company

6. NSE Oil & Gas Index Tops Sectoral Indices Review; Records +103.45 YTD Gain

7. CBN Releases Strategy Document on National Financial Inclusion

8. SEC Introduces Quarterly Returns E-Filing System for Capital Market Operators

9. FO takes the lead with +1301.03% YTD gain while CONOIL records +231.37% to come second..


Source: @proshare and @thisday

Enjoy.

By Chido Onumah:


I have refrained from commenting on the pact between the All Progressives Alliance and the “new PDP” because, to some extent, I am involved.

While the merger process of Nigeria’s main opposition parties – which led to the formation of the APC – lasted, I had reason to engage some of my comrades, colleagues and friends on whether the party was necessarily a progressive move in the quest to reclaim Nigeria.

Even with all the misgivings and the seemingly lack of direction of the proposed party, some of us held out hope, partly because of the pedigree of certain individuals in the party and the fact that it afforded a broad-based platform and an opportunity for many Nigerians who were looking for a formidable pan-Nigerian opposition party.

At the risk of being dismissed as opportunists, some of us took the stance that the APC should be given the benefit of the doubt; that within the context of bourgeois democracy, the APC looked like a minimum agenda for change and therefore should be supported by all, including left and radical elements; that as a minimal strategy, genuine democrats and progressives could actually work in the APC to break the stranglehold of the Peoples Democratic Party on power and begin the urgent task of national reconstruction.

I am not sure I hold the same view today. This piece is not a repudiation of my former position but a review that has become necessary in the light of the current reality. The general direction of the APC has not been that of a party that understands the mood of the people and the anger in the country against a profligate ruling class that has used party politics as a channel to loot the national treasury and impoverish Nigerians. That anger manifests each time the APC leaders cozy up to the same people Nigerians hold responsible for the current crisis.

It started with visits to former military president, Ibrahim Babangida, and a former head of state, Abdulsalami Abubakar, but it didn’t stop there. Of course, we know Babangida and what he stands for. I have been asking myself, since the “pilgrimage” began, the purpose and the end result. Regrettably, the leadership of the APC has failed to explain the rationale for this unholy alliance and the benefit, if any, to its bewildered rank and file.

For me, the last straw was the image that made headlines during the week; the image of former president, Olusegun Obasanjo, a man so violently consumed by self-interest, standing shoulder to shoulder with the leaders of the APC. Obasanjo needed that photo opportunity to save face after a scathing public rebuke by his daughter, Senator Iyabo Obasanjo. But for the APC, it was a new low for a party still struggling to make an impression on Nigerians. I believe every party worth its salt must have basic beliefs and values that it must uphold at all times.

It was bad enough that Nigerians expecting a change in the political landscape witnessed the APC leaders pandering to Obasanjo; the reasons adduced for the visit left a bad taste in people’s mouth. “You have come out of tribulation and held the highest position in this country. We are here because of your courage. Nobody can claim that he has information more than you,” Bola Tinubu, the national leader of the APC said of Obasanjo. “You have surmounted a number of crises. Nigeria is divided (now), more than before. To realise a stable Nigeria we want to encourage you to continue to speak the truth. We’re resolved and determined to rescue Nigeria. We want you as navigator.”

Tinubu noted that the visit was not necessarily to get Obasanjo to join the APC but “just to draw from the experience of an elder statesman.” What is Obasanjo’s experience? What readily come to mind are coups, a legacy of corruption, abuse of human rights, criminal impunity, undermining the rule of law and, of course, a dysfunctional family.

The inimitable Nobel Laureate, Prof. Wole Soyinka, captured the popular sentiment in his terse statement on the APC visit to Obasanjo when he noted, in reference to Obasanjo’s new role as the “navigator” of the APC rescue ship. “If Gen. Sani Abacha were alive today, would he also have been on the ship’s complement? As Captain, perhaps?” Soyinka asked, while warning that the country might be headed for a shipwreck. He advised “families to begin the stockpiling of life-belts for the guaranteed crash.”

I think this is a warning we have to take seriously. Exactly two years ago, the same Tinubu had this to say about Obasanjo and his experience: “What integrity has Obasanjo in terms of his legacies for Nigeria to speak on elections? Apart from his aborted third term ambition, he brought about and left a legacy of electoral corruption in the country. What is Obasanjo talking about? He should go away and retire in shame politically. He should leave the political landscape of this country alone. He brought a whole salad of corruption, manipulation and failures.”

What a difference two years make! Nothing captures Obasanjo’s legacy better than the preceding paragraph. What will the former president bring to the APC? A mass following needed to defeat the PDP in 2015? While Obasanjo was lambasting President Jonathan in an 18-page open letter and explaining how he (Jonathan) was destroying the PDP, he was busy scheming – at least we learned that much from Iyabo Obasanjo’s letter – how his daughter will run for office on the platform of the APC.

I know in war, as in politics, there are no eternal allies or perpetual enemies, but eternal and perpetual interests, to paraphrase Henry John Temple, (Lord Palmerston), mid-19th century British prime minister. However, I couldn’t help but squirm when I saw the picture of Maj.-Gen. Muhammadu Buhari (retd.), a three-time presidential candidate, beside Obasanjo in the APC train; the same Obasanjo he had alleged violated the sanctity of the electoral process twice and denied him the Presidency.

The APC is better served spending time strengthening the party in terms of an ideology and building a mass base rather than consorting with the likes of Obasanjo and Babangida. Without this mass base, the party will implode in no time. But it appears that is asking too much of a party focused on short-term political gains.

It is a lot easier to open the floodgate of defection for those who are disaffected within the PDP; and the defectors are coming like flies attracted to faeces. At the current rate, the “original” APC will soon be a minority in the new formation. Ordinarily, there is nothing wrong with people defecting from one party to another. But that is if you are talking of parties with “character” so that, in the case of the APC, the “newcomers” will have to play second fiddle and fall in line with party principles and positions.

I don’t want to sound sanctimonious or puritanical. A political party, we know, contains “the good, the bad and the ugly”. But when you have a party that claims to be progressive recruiting people who are not in the least interested in a genuine discussion about the interest of Nigerians and at the same time acting as if its survival depends on that recruitment then there is reason to be wary.

I know a few leaders of the APC who are not particularly thrilled by the visits to “yesterday’s men” and what appears to be an alliance of desperation between the APC and the “new PDP”. But clearly, they simply can’t resist the only thing that seems to bind them together – the removal from power of President Jonathan.

Is the APC a “progressive” party as the name implies, even in the limited sense of the word or just an association of those opposed to, not necessarily the PDP, but Jonathan? The APC and the “new PDP” may well win in 2015. And after that what next? What will be the dominant tendency in the party? I am offended to think that I’ll sit down, if that opportunity will ever come, with Obasanjo, Babangida, Kawu Baraje, Bukola Saraki, Ali Modu Sheriff, Ahmed Sani Yerima, etc., to discuss the welfare of Nigerians. If the prospect of that doesn’t scare the APC faithful, then nothing else can!

Is the APC agenda about removing Jonathan or rescuing Nigeria? If it is the former, then a revolutionary third force or in the minimum a coalition of small but progressive and mass-oriented parties is the only alternative!

The body language of the APC leadership is that this is our party, our business, and we can damn well do anything we want with it. If that is the case, then voters have little or no choice as we head into the election of 2015.

- conumah@hotmail.com; Twitter: @conumah


Source: http://www.punchng.com/opinion/is-apc-the-new-pdp/

ihedioramma: NAME THEM AND HOW STRONG ARETJHEY?

You be oga for stock investment na...follow stockbull thread

Merry Christmas to everyone on this forum...May this season bring more blessings to our investments... Enjoy

ucheson2: I see u r yet 2 join d bus, sorry it is too late cos no amount of bad news/rumour constructed against oando can weaken d coy.

Thank you jare...

yang: I predict a reverse on this COP deal. Bad politics is bad for business. With tinubu and obj leading the Oando shareholding. The PIB and Petroleum Regulators go block this deal.

Una don come again...abeg no be by force to invest in oando na...make all anti-COP investors carry their load to nem or ubcap na..

ihedioramma: Were is the money coming from?

From investing in shares

my brothers and sisters dis is d time to make money...do not say B2br didnt preach to u about it.

Aishabee: Greetings and Kudos to evry1 here.

Please i need your urgent advice......placed my buy mandate for unity bank @ 0.50k for some days now and its bin so difficult to get.

I'm tinking of buying at the market price tomorrow.

I'm so so confused....will appreciate candid advice.

U better thank God u werent able to buy unity...for now d stock get small issh...i advise u invest in a more profitable stock

Unity is very risky becos of the share reconstruction issh that is circulating...likewise cadbury

mercylicious:

I told u am repositioning me portfolio. I sold my eterna and sum vitafoam wit fsl. Am supposed to move d money to morgan yesterday and make my orders bt they didn't credit my acnt till end of day.
Surprisingly, eterna don become liquid, d last units I placed for sale yesterday was sold sharp sharp.
My advise, thread with caution in insurance stocks. I don lose money for aiico b4, most times, even good result from insurance stocks don't impress investors. Most investors are insurance averse.

Nothing special happened in eterna...remember i told u dat u can only sell dis stock when d bull comes and d bull came yesterday...insurance stocks are very risky but frm what i am seeing very soon dry bones will rise again

9free:
No wonder!!! The way you been dey publicly harass Ogas @the top for SMN as new member then give us sign say you come from AREA.
Your name alone waffy sef no be small..

Lol..warri no dey carry last na..but i dey lagos..#hustling thingz

9free:
Nosa2 na confirmed Militant nah.....Na south-South him be not an Anambrarian.

Correct guy..Me na confirmed south south militant too na..also finished frm the greatest university in nigeria(UNIBEN).

Aks: Oando gained 84K today, kudos to the shareholders. High Dividend Paying Stocks: Investors Beware http:///QmxDPPZupm

Oga Aks...Oando actually gained N1.22k today...e be like say you don chop ur xmas rice and chicken finish as u no check the pricelist well...

BTW, i don dey suspect say oga Aks na Oga valuepark abi na valuefront...I might be wrong though..

phemmie06: http://http//www.nse.com.ng/Financial_NewsDocs/Mutual%20benefits%20NSE%202012%20ANNUAL%20RETURNS.pdf
Still waiting for NEM

Expect Nems 2012 FY result very soon cos it has been approved on the naicom site. see here:http://naicom.gov.ng/payload?id=16455449-d550-4cdb-9677-8daead3b369a


However, everybody dey talk about 2012 FY result, nobody is asking for nems 2013 Q1, Q2 and Q3 result..

9free:
Una plenty for here and SMN; feelamong, B2bR, Mercy, Oracle, Prophet UT, Overload, Valuefront abi na Valuepark, Dr. Abraham e.t.c

You forgot to add Nosa2

feelamong:

Una never go do Xmas for Village Hian!!

I doubt if you will ever see UBA Cap at that range... By the time the rights issue are listed, the results would be in the public domaina and at that time we should be looking at N2 for UBA Cap..

We are celebrating our christmas in nairaland village..

Bros, how far? were u dey since??

9free:
I have NEM, OANDO, ZENITH, GTB.
Waiting for UBACAP @N1 - N1.2
Happy Investing

E be like say u wan make madam mercy crack your head today abi? you don forget say she is heavily loaded in UBcap..

Aks: As a means of managing risk, I know it's 100% right to have diversified portfolio with variety of stocks across diff sectors but I've always found myself with 1 or 2 diff stocks @ a time and not many as majority stated above. I do hit it big with lil or no loss but the former should b d ultimate.

I wish u guys a great week @ SMN

Oga Aks, na nairaland we dey o not smn

Aks: For guys that still need expert opinion sometimes, u can read this analysis @proshare: Oando amends US$401mn loan repayment
http:///DeKBzChm9f

Bros, the link address is not valid na

Nigerian Stock Exchange:

1. Made-in-Nigeria vehicles to sell for N1.2m – FG

2. Revealed: Federation Accounts Worth N183.6bn in November

3. CBN moves to support naira against dollar

4. NSE ASI Ranks 2nd Among Top African Exchanges; Records +37.29% YTD gains

5. Equity Market Halts Two-day Gaining Streak; Records +1.88% WTD Gain

6. 63 Coys delist from Stock Exchange in 126 months

7. Oando amends US$401mn loan repayment

8. LASACO Assurance gets NAICOM approval on account.......We still dey wait for NEM result o...

9. President Jonathan's Reply to OBJ's Letter

10. APC’s visit to Obasanjo: Nigeria heading for shipwreck – Soyinka

11. Why Lamido Sanusi Should Resign As the Nigerian Central Bank Governor


Source: @proshare


Merry Christmas and happy new year in advance..

SWG 1: Imagine my former brocker asking me to bring N500 for certificate verification of 21 units of ETI that emanated from my oceanic bank of yesteryears. They equally told me to bring a passport,utility bill and idcard before i could sell off my almost worthless shares of 2008 saga. They said that the new law from SEC.

Confirm from SEC...if it is confirmed to be true then you have no other option than to comply

Aks: @mercylicious- aint u looking @ Oando shares I sold off all my holdings in Nov but still skeptical @ re-entering. After I sold it off, the shares has been dangling @ N16 or so

Oando is for the brave hearted...if u are skeptical and afraid, then my brother oando is not for u for u are responsible for ur own actions...i would advise u study mercylicious portfolio because what i see there are very gud and safe.

mercylicious: I sold more than half of my units in vitafoam today @4.60.
1 sold cos of fear of liquidity, bt was surprised dt d 150k units units I placed for sale today was all sold. Selling eterna has not been funny despite the price movement.

madam mercy, you suppose know say eterna is not liquid...check its trading history to confirm..i advise you wait for the bull to touch this one before u sell..

This is one thing that makes me vex with dis country...so not a single person there can get a picture of the mad man before and after being healed and am expected to believe this..even the OP went there to delude himself..smh