₦airaland Forum

Naija people, we sabi price market ooo, from 57K to 30K
The man just cut the price in half

Source:

http://www.punchng.com/Articl.aspx?theartic=Art200802060373014

Revocation of Savanna Bank licence stays – Soludo

The Governor of the Central Bank of Nigeria , Prof. Chukwuma Soludo, on Tuesday, foreclosed the possibility of re-validating the operating licence of the defunct Savanna Bank. Soludo made this position public, while fielding questions from members of the Senate Committee on Banking, Insurance and other Financial Institutions in Abuja.

He said, “The bank’s licence was revoked on February 15, 2002, as at which time I have not come into office. The bank went to the court; that is the good and the bad thing about our democracy.

“The good news is that individual’s exercising their rights can go to court. The bad news is that it takes a long time for the court to adjudicate the matter.

“In the case of Savanna, the bank went to court since 2002. The Federal High Court, in October last year, finally delivered a judgment and upheld the decision of the CBN for the revocation and confirmed that CBN acted within the powers conferred on it by section 12 of the Banking and Other Financial Institutions Act.”

Soludo explained that initially, Nigerian banks went to raise funds to meet the N25bn re-capitalisation directive but, that they were now faced with a greater task of expanding their business to meet emerging challenges.

According to him, most banks now realise that their potentials are quite huge, hence, the need to go into the market to raise more funds.


He said as at 2004, Nigeria had a total of 14.8 depositors but that the number has reached 22million as at today.

As to why bank profits were yet to affect the real sector of the economy. He said the return on investments for most of the banks was still very low.

According to him; “They are making money but they are not yet there. If you invest N200bn and you make 25billion a year you don’t look at the number as absolutes.” He however expressed confidence that the effects would soon be felt. He hinged his confidence on the fact that a single bank today had the capacity to finance projects that the entire 89 banks could not jointly finance before the consolidation exercise.

This thing na wa o, I sold my Lasaco @ 4.55
The thing has been on upward swing since then,
I made about 48%, not bad, but if I had know

Ohhh well live goes on, more money to be made on NSE

I'm waiting for more offers nairalanders

Thanks Dr. Easimoni

How things for your side. Hope say you no dey see this cold weather.

Mr Easi,

Where do u get your information from relating to up - to date number of shares outstanding and past PAT/PBT?

pumping777:
Share buy back is not legal in Nigeria under the laws and regulations of the SEC.

Really.

@ everybody

Where can i get updated information including (past AUDITED RESULT) for quoted companies on NSE.
I have checked CASHCRAFT, doesn't seems to give me what i'm looking for.

eniyanman:
@femtex,
share buyback costs money share reconstruction doesn't (not exactly true in the real sense). share buyback is used by companies who want to return money to shareholders but want to avoid paying too much dividend, as dividends are taxed differently to capital gains (dividends are regarded as income, in the UK for example). Share reconstruction can be used to reduce or increase liquity of a stock. There are also adminstrative reasons for doing a share reconstruction.

Thanks  eniyanman

I have 12 DELL LATITUDE that just made it to Naija. I'm selling all together @ one specific retail value.
Interested, email me at pirates89@yahoo.com with your best offer know full value of these so called machine.

SPECS:

Dell Latitude C600
750 MHZ Intel Mobile Pentium III Processor
20 GB Smart Drive
Video Memory 8MB
Audio Controller ESS Maestro 3
System Memmory 256 MB
CD -ROM
DVD ROM (depend on the laptop)

@ all my gurus,

How come most of these banks with high share units are not thinking about share buybacks rather than reconstructions. They have the cash pile up to buy their stock in the open market. How come they are not entertaining this idea. This will therefore reduce number of available shares and increase EPS. What are the benefit of reconstruction compare to Share buybacks?

@ Father of 2

What do you think is the best entry price for unilever

@ all,

       If I get fired from my Full Time JOB for not being productive enough; I'm thinking Should I blame Seun for being the father of Nairaland or should I blame all my Gurus/everybody for keeping me glued to the chair, refreshing Nairaland site every minute to see which Private Placement is best to buy based on analysis, which IPO is better to buy and not get your money return and which Opportunities on secondary market is going to turn up next based on CICO theory, RSI technical analysis, Once again, Million thanks to every member that makes this thread so lively everyday. You guys are unbelievable, God will repay you guys abundantly. [size=4pt]May we live forever and never see the downturn of NSE. [/size] If thats is possible.

upward:
I just discovered that Nigerian securities site and trw brokers posted the wrong results for today. nigeriansecurities has corrected theirs, don't know for trw. so in case you have saved those and making calculations with them, please refress the page and you'll see different figures

@ Upward,

Does that means the result posted by Cashcraft is correct and up to date.

My guy

Don't beat yourself at all on these offers, you have more opportunities coming your way. I don't know much about big treat. For Japaul Oil, those who bought into the offer should be praying for the management not declare Dividend and Bonuses. If they do, this will wipe out most of the gains that is been shown on NSE right now before they get their cert. Check First bank situation, remember when the TS was lifted, the stock rallied up to 54-58. Once 1st bank declared bonuses and Dividends for the year, the share price was marked down as well.

I have a new Tx1000z that arrived in Nigeria the beginning
of the year with the same spec.

HP Pavilion tx1000z Specification

• Genuine Windows Vista Home Premium (32-bit)
• AMD Turion (TM) 64 X2 Dual-Core Mobile Technology TL-58 (1.9 GHz, 512KB+512KB L2 Cache )
• 12.1" WXGA High-Definition HP Bright View Widescreen Display(1280 x 800) with Integrated Touch-screen
• 2GB DDR2 System Memory (2 Dimm)
• NVIDIA(R) GeForce(R) Go 6150
• HP Imprint Finish + Fingerprint Reader + Webcam + Microphone
• 160GB 5400RPM Hard Drive
• Remote control
• 6 Cell Lithium Ion Battery

New Price = 175K

Interested email me @ yahoo.com

Just a reminder. I only have 1 of these model left.

The price of the dv9700z has been slashed
from 180K -160K

Interested, email me @ pirates89@yahoo.com

There is a price slash for these items.
The price has been cut down from 160K to 148K

If interested, let me know
email me @ pirates89@yahoo.com

@ duua

Each laptop is 180K

Thats the dv9500t. Sorry, no I don't have that.

In Nigeria. E-mail me @ pirates89@yahoo.com if interested.

HP Pavilion dv6500t

¨ Genuine Windows Vista Home Premium (32-bit)
¨ Intel(R) Core(TM) 2 Duo processor T5250 (1.5 GHz, 2MB L2 Cache, 667MHz FSB)
¨ 15.4" WXGA High-Definition HP Bright View Widescreen Display (1280 x 800)
¨ 2GB DDR2 System Memory (2 Dimm)
¨ 128MB NVIDIA GeForce 8400M GS
¨ HP Imprint Finish (Radiance) + Fingerprint Reader + Webcam + Microphone
¨ Intel(R) PRO/Wireless 3945ABG Network Connection / Blue Tooth
¨ 160GB 5400RPM SATA Hard Drive
¨ Super Multi 8X DVD+/-R/RW with Double Layer Support
¨ Remote control
¨ High Capacity 6 Cell Lithium Ion Battery
¨ Microsoft(R) Works 8.0

Price = N 160,000

Just Arrived. E-mail me @ pirates89@yahoo.com if interested.

2 HP Pavilion dv9500z

 Genuine Windows Vista Home Premium (32-bit)
 AMD Turion(TM) 64 X2 Dual-Core Mobile Technology TL-58 (1.9 GHz, 512KB+512KB L2 Cache )
 17.0" WXGA+ High-Definition HP BrightView Widescreen Display (1440 x 900)
 2GB DDR2 System Memory (2 Dimm)
 NVIDIA GeForce Go 7150M
 HP Imprint Finish (Radiance) + Fingerprint Reader + Webcam + Microphone
 802.11a/b/g/n (draft 802.11n) WLAN and Bluetooth from Wireless LAN 802.11a/b/g/n
 160GB 5400RPM SATA Hard Drive
 LightScribe SuperMulti 8X DVD+/-RW with Double Layer Support
 No TV Tuner w/remote control
 8 Cell Lithium Ion Battery
 Microsoft(R) Works 8.0

Price : 180K

Merry christmas and happy new year to all nairalanders including me.

@ IykeD

I just reply your e-mail. Let me know

@ IykeD

send me an e-mail and we can talk.

@ Everybody,

Technology is getting better day in day out; You want petite, 360°C Rotation laptop
with integrated Touch screen capabilities. This will be in Nigeria by this Friday.

HP Pavilion tx1000z Specification

• Genuine Windows Vista Home Premium (32-bit)
• AMD Turion (TM) 64 X2 Dual-Core Mobile Technology TL-58 (1.9 GHz, 512KB+512KB L2 Cache )
• 12.1" WXGA High-Definition HP Bright View Widescreen Display(1280 x 800) with Integrated Touch-screen
• 2GB DDR2 System Memory (2 Dimm)
• NVIDIA(R) GeForce(R) Go 6150
• HP Imprint Finish + Fingerprint Reader + Webcam + Microphone
• 160GB 5400RPM Hard Drive
• Remote control
• 6 Cell Lithium Ion Battery

This is just for N200,000 . You want it, contact me at pirates89@yahoo.com on how to get it in NIgeria

@ uche4nna & We_de_oh,


I thought you guys were going to contact my guy in Nigeria. What happened?
Anyway, the offer still stand. You guys should let me know if you need additional information.

United States - Based in Houston Texas

I'm not based in Nigeria. According to my profile, but you can contact
Taiwo, Kingston Tech in Lagos,

I sent those Laptops to him
Contact him @
01-875-6278 ,
ask for direction on how to get to their shop

I'm not based in Nigeria. According to my profile, but you can contact
Taiwo, Kingston Tech in Lagos,

I sent those Laptops to him
Contact him @
01-875-6278 ,
ask for direction on how to get to their shop

Yes, they come with charger.

@ Poster

Do you need PIII or PM/P4
Whats specs are you looking for?

I have some Dell right now for 35, 000
Dell Latitude C600
750 MHZ Intel Mobile Pentium III Processor
20 GB Smart Drive
Video Memory 8MB
Audio Controller ESS Maestro 3
System Memmory 256 MB

@aktopgun

Congratulation on your new Baby.