₦airaland Forum

forbes30:
....uba on full offer no bid.....
....fcmb on full offer no bid....
....access now 5.92......
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....won't it have been wiser to have sold in the morning and bought now....
....@all yabbing PETERiCHY....he has been justified......
......fear when other are greedy.........
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rebekah2011:
I just checked the Q1 of Japaul Oil and Maritime Services Plc. Who are the banks that this company is owing?
Bank overdraft 2,167,932,000
Long term borrowings 412,996,000
Finance lease - current - 2,446,373,000
Non current borrowings - 17,501,015,000
Finance lease - 3,675,428,000

Total 26,203,744,000

Technically this company is dead. I am not mad that my investment in this company is lost but I am mad against managers of banks that see a dead or dying company but keeps throwing good money at them. Very soon the banks will have to write off all of these as bad loans but the Directors that approved these facilities will still maintain their exalted positions collecting fat pays and bonuses and the poor workers that mobilised the funds thrown out of jobs. Corporate Governance has to be strenghtened in listed companies, it is currently non existent in any company in Nigeria. I may be wrong though but I am sure that I am right.

These are the type of companies that FRC was established to monitor. But what do they do, they are busy chasing private companies all over the place.

kentoto:
IMO, I think there result will only affect there stock (Skye), and besides they are a marginal player. Serious banks have released there result since.

On the hand, Nigerian investors dont really punish public quoted companies for non performance. Bad result stock will start to go up...

Do your DD.

Primetech:
the way you have said it shows it's a rumor...

Chiscomax:
Please i want to learn this stock investing. Please who can just brief me? If i buy a stock, when will i sell it? Etc. Pleas just brief me on it.

Intendy:
First beneficiaries to be announced for the new fx policy are

ZENITH, UBA, GTB, FBNH

waiting list

ACCESS, DIAMOND, FCMB,FIDELITY

LAST TWO CONTENDERS FOR THE LAST TWO SPOTS

STANBIC IBTC,SKYE,STERLING

millo:
House can we please put on our speculative hat for this. What do we think the trajectory of OANDO price will be? Will N10 be a reasonable exit price for short to medium term or that's too ambitious?

Manonamission:
I beg to differ but stand to be corrected. It is neither a downgrade nor does it have anything to do with the companies' performances. The index is composed of stocks that give a close representation of other stocks within the same sector on the exchange. What is considered is attributes of the "stock" and its trading pattern on the exchange not performance of the "company".

Kashif:
Read, but not understood. Diamond bank, Sterling bank, GSK etc leaving NSE 30; meaning what?

Banks leaving banking category; meaning what? O&G companies leaving O&G category etc

Primetech:
I tire oo... frm 4.72 down to 4.40..

ufotty2001:
why is morgan capital... not picking someone calls... very difficult to get in touch with morgan via phone call... have sent mail! still no reply.. morgan capital seriously need to improve on their customer care! as the business keep on expanding..

Kashif:
And I offloaded a large chunk of my UCAP last minute yesterday. If you know you bought UCAP just before the closing bell yesterday, I want it back!

UD4040:
lol- from all indications- if u are well positioned- sit tight.

fxuser:
Happy Devaluation Day guys . . 2pm

willyede:
The bulls are coming

Intendy:
Oando holders should begin some vigil.

traders should still enjoy

investors are in for a looooooooooooong thing.
I will help them with prayers.
Cause of them I'll join this Azumi in this holy month of ramadan