₦airaland Forum

SIR,
With regards to your post on nairaland on hire purchase of DAF 85 and a flat bed of 40 feet container load which you said is directly from UK and had not been used in Nigeria. Sir could you send us the picture of the truck so that we can make arrangement for inspection and payment.

Thanks and expecting your soonest reply

JOHN AGBAI
JODELL TRADING INC
2348033761664 or 2347042283742

Sir pls send to us also your mobile number so that we can negotiate on phone.

Sir,
l saw you post on nairaland that you have import license. Do you have import license for bulk cement? l have a client which is a major dealer in the eastern part of the country who will like to import cement but do not have license. if you have let me know so that we can negotiate cause l already have supplier at hand.

THANKS AND EXPECTING TO HEAR FROM YOU SOONEST.

JOHN AGBAI
JODELL TRADING INC
08033761664 or 07042283742

We are an architect firm based in PORT HARCOURT with office in ABA we call be able to handle your projects. for us to give you a detail price quote and material that will be needed for the building projects you can call us on 08033761664 or 07042283742.

JODELL CONSULTING INC
8 NKPORGU STREET OFF
TRANS-AMADI LAYOUT
PORT-HARCOURT RIVER STATE

Sir,
     With regards to your post on nairaland on business you can do with 2 m - 3 m naira and be able to monitor it from Abroad. l have a new exiting business that is presently running in PORT-HARCOURT RIVER STATE NIGERIA. below is a little detail of the business and if you are interested l can send to you a comprehensive business plan for the business with projected profit and loss account for the first two years of operation.



JODELL MOBILE INC is a new company involves in promotional sales of mobile phones and Sims pack of different various CDMA mobile service providers GSM mobile services providers in Nigeria like VISAFONE,STARCOMMS,ZOOM , MTN ,GLO, ZAIN and ETISALAT.

The opportunity was identified when l was contracted by VISAFONE as a sales team supervisor for their ongoing N0.00 phone and Sims pack promotion. It was a sales contract promotion based on commission of total sales of your team trade Agents (Promotional Sales Agent) .  We have run the promotion for 3 weeks with total sales of 780 units of VISAFONES Phones and Sims pack with 12 promotional sale agents.



B) The company business involves in sales of mobile service providers phones, Sims packs and recharge cards and internet data card using a Coaster bus moving around Port-Harcourt city from one high traffic density area to another like major markets, junction and motor parks with high density of people.



C) The company business objectives for the next 3 years will be to expand it marketing and sales research team to every major cities and states in the country where there is CDMA and GSM network within it first year of operation and expands it services into provision of Mobile SMS and MMS marketing and advertising solutions for advertising agencies, private firms and governmental organisation and marketing research companies, mobile service providers and products brands.

The company will provides mobile marketing technology services that allow services providers to create and manage carrier grade mobile marketing campaigns through a web based graphical user interface. Provisions of MAMA a mobile advertising management solutions for advert agencies to manage advertisers and firms customer relationship management through SMS and MMS, provide mobile peer production suites, a mobile internet platform that allows to inputs mobile contents on a mobile website, mobile web portal and mobile website development and banner advertising services.  

John Agbai

Sonety2k,
lf you are interested my phone number and email is there on the post you can contact me for further negotiation.
thanks

A TWO STOREY 48 ROOMS SELF CONTAIN HOSTEL FOR SALE AT FUTO OWERRI WITH PIC.PRICE N42M

A 2 STOREY 48 ROOMS SELF CONTAIN HOSTEL APARTMENT AT FEDERAL UNIVERSITY OF TECHNOLOGY OWERRI WITH EACH ROOM HAVING IT OWN TOILET,BATHROOM AND KITCHEN.

THE HOSTEL WAS BUILT AND COMPLETED ON DECEMBER 2008 AND IT FULLY OCCUPPIED NOW BY STUDENTS SINCE DECEMBER 2008 AND THEIR RENT WILL EXPIRE DECEMBER 2009.

THE HOSTEL IS A BRAND NEW BUILDING AND BUYER DOES NOT NEED TO DO ANY RENOVATION WORK FOR THE NEXT 5 TO 8 YEARS AFTER BUYING.

A SELF CONTAIN ROOM PRESENTLY RENT FOR N80,000 PER ANNUM NOW

ANNUAL TOTAL RENTAGE INCOME PRESENTLY NOW AT N 3.900,000 MILLION NAIRA

RETURN ON INVESTMENT (ROI) IS PRESENTLY AT 8 YEARS WHICH IS ONE OF THE BEST FOR ANY PROPERTY IN NIGERIA .

GUARANTEED ANNUL RENT PAYMENT WITHOUT ANY LITIGATION FROM STUDENT

HIGH RATE OFCONSISTENCE CAPITAL APPRECAITION NOT BELOW 30% PER ANNUM FOR THE LAST 6 YEARS OF PROPERTY WITHIN THE SCHOOL AXIS.

ASKING PRICE IS 42 MILLION NAIRA BUT NEGOTIABLE

FOR FURTHER INFORMATION AND INSPECTION CONTACT

JODELL CONSULTING INC.
8 NKPORGU STRRET
OFF TRANS-AMADI INDUSTRIAL LAYOUT
RIVER STATE
TEL: 2347028405688
email: johnagbai@yahoo.com

A TWO STOREY 48 ROOMS SELF CONTAIN HOSTEL FOR SALE AT FUTO OWERRI WITH PIC. ASKING PRICE N42 MILLION NAIRA.


A 2 STOREY 48 ROOMS SELF CONTAIN HOSTEL APARTMENT AT FEDERAL UNIVERSITY OF TECHNOLOGY OWERRI WITH EACH ROOM HAVING IT OWN TOILET,BATHROOM AND KITCHEN.

THE HOSTEL WAS BUILT AND COMPLETED ON DECEMBER 2008 AND IT FULLY OCCUPPIED NOW BY STUDENTS SINCE DECEMBER 2008 AND THEIR RENT WILL EXPIRE DECEMBER 2009.

THE HOSTEL IS A BRAND NEW BUILDING AND BUYER DOES NOT NEED TO DO ANY RENOVATION WORK FOR THE NEXT 5 TO 8 YEARS AFTER BUYING.

A SELF CONTAIN ROOM PRESENTLY RENT FOR N80,000 PER ANNUM NOW

ANNUAL TOTAL RENTAGE INCOME PRESENTLY NOW AT N 3.900,000 MILLION NAIRA

RETURN ON INVESTMENT (ROI) IS PRESENTLY AT 8 YEARS WHICH IS ONE OF THE BEST FOR ANY PROPERTY IN NIGERIA .

GUARANTEED ANNUL RENT PAYMENT WITHOUT ANY LITIGATION FROM STUDENT

HIGH RATE OFCONSISTENCE CAPITAL APPRECAITION NOT BELOW 30% PER ANNUM FOR THE LAST 6 YEARS OF PROPERTY WITHIN THE SCHOOL AXIS.

ASKING PRICE IS 42 MILLION NAIRA BUT NEGOTIABLE

FOR FURTHER INFORMATION AND INSPECTION CONTACT

JODELL CONSULTING INC.
8 NKPORGU STRRET
OFF TRANS-AMADI INDUSTRIAL LAYOUT
RIVER STATE
TEL: 2347028405688
email: johnagbai@yahoo.com

A 2 STOREY 48 ROOMS SELF CONTAIN HOSTEL APARTMENT AT FEDERAL UNIVERSITY OF TECHNOLOGY OWERRI WITH EACH ROOM HAVING IT OWN TOILET,BATHROOM AND KITCHEN.

THE HOSTEL WAS BUILT AND COMPLETED ON DECEMBER 2008 AND IT FULLY OCCUPPIED NOW BY STUDENTS SINCE DECEMBER 2008 AND THEIR RENT WILL EXPIRE DECEMBER 2009.

THE HOSTEL IS A BRAND NEW BUILDING AND BUYER DOES NOT NEED TO DO ANY RENOVATION WORK FOR THE NEXT 5 TO 8 YEARS AFTER BUYING.

A SELF CONTAIN ROOM PRESENTLY RENT FOR N80,000 PER ANNUM NOW

ANNUAL TOTAL RENTAGE INCOME PRESENTLY NOW AT N 3.900,000 MILLION NAIRA

RETURN ON INVESTMENT (ROI) IS PRESENTLY AT 8 YEARS WHICH IS ONE OF THE BEST FOR ANY PROPERTY IN NIGERIA .

GUARANTEED ANNUL RENT PAYMENT WITHOUT ANY LITIGATION FROM STUDENT

HIGH RATE OFCONSISTENCE CAPITAL APPRECAITION NOT BELOW 30% PER ANNUM FOR THE LAST 6 YEARS OF PROPERTY WITHIN THE SCHOOL AXIS.

ASKING PRICE IS 42 MILLION NAIRA BUT NEGOTIABLE

FOR FURTHER INFORMATION AND INSPECTION CONTACT

JODELL CONSULTING INC.
8 NKPORGU STRRET
OFF TRANS-AMADI INDUSTRIAL LAYOUT
RIVER STATE
TEL: 2347028405688
email: johnagbai@yahoo.com

Hi,
l have what you are looking for a 2 b/r flat at NKPORGU STREET OFF TRANS-AMADI INDUSTRIAL LAYOUT after nwaja junction. l am not an agent but l presently live the estate and a co-tenant just packed out 3 weeks ago and as of today no one have packed in there and the LANDLORD does not live in the estate, so if you are interested you can call me on my mobile no 07028405688 so that l can talk to the caretaker on your behalf.

Thanks
JOHN

we can get you one if you need it. we have in FUTO at IHIEGWA and EZIOBODO now but if you need in NEKEDE AND URATTA we can get for you within 7 days if you need it urgently.

You can reach me on my mobile phone on 08033761664 0r 07028405688

Thanks and anticipating to hear from you soonest.

JOHN AGBAI
JODELL CONSULTING INC.

With regards to your request on getting short GSM code for your promotion. l can provide a GSM short code for you that is compatible with all networks like MTN,GLO,ZAIN,ETISALAT,STARCCOM,VISAFONE AND ZOOMMOBILE.

You can call me on 07028405688 for further discussion.

JOHN AGBAI
JODELLMOBILE INC.

Dear ajilore,
with regards to you post to learn or looking for somebody to teach you how to calculate the intrinsic value of a company stock? l can teach you how to calculate the intrinsic value of a company stock and also help you get a share loan from one of the Banks in Nigeria with monthly repayment plan spread between 12 months to 30 months and you can get loan upto maximum of 10 million naira.

The training on how to calculate the intrinsic value of a company share is an online based training and lectures holds three times week and will last for one month and will also teach you how to use technical analysis for short term stock trading.

if you are interested you can e-mail me on johnagbai@yahoo.com or call me on my mobile 07028405688.

John Agbai

fellow nairalander,
l will commend GOV FASHIOLA for such a bold statement but that bring us to the problem we really have in this country called NIGERIA.

1} What was GOV FASHIOLA reason for banning the use of siren in Lagos State?

2} What are the benefits that this law will bring to the people and also the State government in particular?

3} What are also the security threat to government personnel if the law is enforce?

If the GOV FASHIOLA can give a good answer to these questions and think he can go to any length to enforce the law by starting with presenting it to the state house of assembly and also making provision for penalty for default by any body.

The problem with Nigeria is not are laws or constitution of the country but has always being implementation by people in authority if the said law is not favorable to their own selfish goals and desire.

We all know the constitution of the country and it stand against corruption by political office holders, let me just give a single illustration like these below

The Nigeria constitution requirement for political office holders to declare their asset and liabilities before assuming political office and how many of our elected or sorry hand picked political office holders that have declare their asset even though the constitution requirement is that it will not be made public and these same politicians have been sitting and foot dragging on the passage of FREEDOM OF INFORMATION BILL which have been with the national assembly for the past 2 to 3 years which would have give journalist and civil right organizations access to every political office holders asset and liabilities oath taken when assuming office and also guide as a reference on corrupt against looting and self enrichment when in office by them and their proxies.

We Nigerians are approximately 70% sycophants and also have short memory psyche by just announcing ban on siren usage by GOV FASHIOLA we are all jumping and clapping to high heaven if it the first time of our politicians announcing good policy and laws by using it to just acquire cheap political acclaims from the masses and yet failing to implement it because it will jeopardized their own selfish and personnel desire and without even counting the effects on the masses.

So l think GOV FASHIOLA should step up by sending a bill on the ban of siren in the state to the state house of assembly for passage into law, before we the masses will now know that his is the CHANGE IN GOVERNANCE we the masses have be looking for in the country and we can stand stand solidly behind him if he aspire for any other higher political office in the country in future, We can take a note from the CHANGE OBARACK OBAMA bought to the USA presidential election as the first black AMERICAN to win the USA President. He offers the masses A CHANGE from the way governance is run selling his policy benefits to the average AMERICAN FAMILY but BLACKS, WHITES AND THE MINORITIES like tax cut for the middle class and and total withdrawal of American troops in Iraq war which the American people was against in the first place.

So we the masses is just taking GOV FASHIOLA announcement ban on usage of siren in Lagos state as one of those political statement by our politicians to score cheap acclaim from the masses until it send it as a bill to the state house of assembly for passage into to law.

John

Mr smlafolabi,
jodell can u give us refrence of your previous job .

Hear is a list of previous reference job.

STARTED MAY 2006
FINISHED 2007 JANUARY A ONE STOREY BUILDING OF 32 room self contain hostel in FEDERAL
UNIVERSITY OF TECHNOLOGY OWERRI (FUTO)

UNDER CONSTRUCTION NOW A 3 BLOCKS NOS TWO STOREY BUILDING OF 136 ROOM SELF CONTAIN
HOSTEL ROOMS AT FEDERAL UNIVERSITY OF TECHNOLOGY OWERRI ( FUTO)


FOUNDATION LAYING STAGE NOW A 1 NOS 1 STOREY BUILDING OF 28 ROOMS SELF CONTAIN HOSTEL ROOMS
AT ABIA STATE UNIVERSITY UTURU OKIGWE ABIA ATATE.

l will upload the scanned pictures of the sites on Tuesday because presently am on site now at the Abia state university Uturu and did not traveled with my laptop because the zoom mobile and starcomms internet connection l use is not in Uturu and will upload the scanned pictures of the sites when l return back to Owerri on Tuesday.

Thanks
jodell

We are only in the eastern part of the country.
Thanks Shinatu

Mr docchisong, .
With regards to you question on having a hostel project in the eastern part of the country. We can help you on building a hostel in the eastern part of the university. Our company JODELL CONSULTING INC based in PORTHARCOURT and will have on going hostel project that we are handling for clients in the following institutions FEDERAL UNIVERSITY OF TECHNOLOGY OWERRI (FUTO) and ABIA STATE UNIVERSITY and our team of ARCHITECT AND ENGINEERS can work on any part of the EASTERN REGION of the country, starting from land accusation documentation and preparing of Bankable project feasibility cost and arrangement of financial mortgage with our financial institution partners.

You cantact us for further enquiry and scanned photos of our ongoing projects.
JODELL CONSULTING INC.
8 NKPORGU STREET OFF TRANS-AMADI INDUSTRIAL LAYOUT
PORTHARCOURT RIVERS STATE
TEL-07028405688, 08033761664
E-MAIL: johnagbai@yahoomail.com

Mr .
With regards to you question on having a hostel project in the eastern part of the country. We can help you on building a hostel in the eastern part of the university. Our company JODELL CONSULTING INC based in PORTHARCOURT and will have on going hostel project that we are handling for clients in the following institutions FEDERAL UNIVERSITY OF TECHNOLOGY OWERRI (FUTO) and ABIA STATE UNIVERSITY and our team of ARCHITECT AND ENGINEERS can work on any part of the EASTERN REGION of the country, starting from land accusation documentation and preparing of Bankable project feasibility cost and arrangement of financial mortgage with our financial institution partners.

You cantact us for further enquiry and scanned photos of our ongoing projects.
JODELL CONSULTING INC.
8 NKPORGU STREET OFF TRANS-AMADI INDUSTRIAL LAYOUT
PORTHARCOURT RIVERS STATE
TEL-07028405688, 08033761664
E-MAIL: johnagbai@yahoomail.com

Hi,
Whats the configuration of the system you need and the quantity, we can supply any brand of computers and laptops.

You can contact me on
07028405688 OR 08033761664
ZUTEX COMPUTERS

SIR,
I HAVE GOTTEN SOMETHING CLOSE TO WHAT YOU ARE LOOKING FOR YOU CAN CALL ME ON 07028405688 OR 08033761664.
JOHN AGBAI.
PORT-HARCOURT

UNDERSTANDING MARKET RECOVERY PATTERN.

With the new Government, Central Bank and Nigeria Stock Exchange Market intervention Policy three (3) weeks ago, yet up to now of writing these. The capital market is still witnessing a depreciation on the daily basis the all share index and market Capitalization.
Those it means the new policy announcement on market intervention by the regulatory Agencies did not have what its takes to revive the market BERISH Run or is the NIGERIA STOCK MARKET about to! CRASH!! ?.

On today e-course we will be taking a look at all the new policy on Market Intervention by the Regulatory Authorities and their effects on the capital market both on the Short-term and long - term investment basics.

First, we will start with the APEX BANK (CENTRAL BANK) market intervention Policy. We will start with the Monetary Policy Rate (MPR) from 10.25 basic point to 9.75 basic point by the Central Bank, what effect will these rate cut have on the Market?, If we recall from April to September before the announcement of the new policy.
The money Market or Bond Market has been appreciating by a very big percentage of over subscription which means with a very high MPR investor moved their fund to the money market which offers high returns and guaranteed earning at a given period of time than the capital market which fluctuate, so more capital now moved from the Stock Market to the Money Market. Therefore the reduction in the MPR will make the money Market less attractive to the Investors and will result in polling back their funds from the Stock market but we will not anticipate a geometric impact on the capital market but on a gradual basic.

As a matter of fact, it would be extremely abnormal and in fact precarious to see the Capital Market recovery come so fast without control, because if it does, another crash with a bigger bang may just be looming around the corner.

But in my own opinion I anticipate is a gradual recovery starting from next month ending of October or November and December. In probably such a subtle manner that may not be glaring until suddenly stocks becomes scares in the Capital market and share price start to appreciate again.

Why do I say November or October ending as the Recovery Period? If we would recall that the bearish Run started as a result of financial Institutions (BANK’S) panic by rumors or counter claims as the CENTRAL BANK stoppage of margin facilities to STOCK BROKERS which resulted in the BANKS recalling most of their Margin Facilities to Clients and causing illiquidity in the Capital Market and resulted to Price depreciation even when quoted Company are declaring more better and improved corporate performance on their bottom line and top line and yet their share price was still declining and that is where Fathers of value investing like Ben Graham, Warrant Buffet would buy in.

And if so why not you buying at the same time with them. Just last week Warrant Buffet we all know is the best investor of our century, bought more than one billion dollar worth of shares of BANK OF AMERICA INC even when the US financial Service Sector is the submarine backed mortgage loans. So why did Warrant Buffet buy now even with the current financial institution crisis globally, because the company has been undervalued by the submarine crisis and it share price falling by almost 200% from it last year price and then making the stock very cheap for his firm and also know that he invested in the company as soon as the US Government announce it 700 Billion Dollar Financial Institution bailout lifeline plan which means the next two to three years the financial institution will recover and get back to its prime share price again bringing in more returns to value investors. (You can get more information on how to become value investors on our website).

Back to the Nigeria Capital Market, as of June, July, August and early September most of the BANKS traded off their Margin Account Holders position even at a terrible losses to the Account holders in order to boost the Banks year End and Quarterly Results, that is why even the Central Bank and the Nigeria Stock Market Regulatory Authority new market intervention policy has not have much impact on the market.

As we write now, most of the BANKS Year Ends have gone past, which suggests that the Bank’s will be back in the capital market and start buying of shares and also be granting new loan facilities and Margin Account and with the new Policy. Why has the market intervention policy has not been able to arrest the continue depreciation of the market capitalization on daily basis including the all share index of the exchange?

Because almost all the 24 incense Banks that operate on the Nigeria Economy, 70% of them release their year Ends between August to November and other are 20% - 30% are on their 3rd quarters Ends and last Quarters of their financial year End.

From Research Nigeria Banks around their Year End and Quarterly Ends do not easily dispose of granting new loan facilities, while they also make much effort to recover exiting loan facilities for them to Balance and prepare their annual Financial statement or quarterly statement which in turns lead to illiquidity in the stock market and that is why even the Regulatory Authority new Market Intervention Policy has not have much effect on their Market.

Now let me take you back to history of the ALL SHARES INDEX PERFORMANCE since the recent recapitalization of Nigeria Banks. The all share index figure of the Nigeria stock Exchange always depreciate towards August, September, and October which is the year Ends and Quarterly ends of almost the financial institution in the country.

With the CENTRAL BANK CAPITAL MARKETS intervention fund and introduction of MARKET MAKERS to the Capital Markets we anticipate a much rally in appreciation of the index towards OCTOMBER ENDS OR LIKELY NOVERMBER.

Dear John
it doesnt sound right that you are CEO of a consulting firm and yet you use a gmail address . you would have better credibility if you have a website and your own e mail addy . I wouldnt do any business with anybody who has an incorporated company and yet uses gmail , hotmail or yahoo address. that doesnt sound right

Thanks very much for your offer, but we already gotten a domain name and our website is under construction now and will update you when ready for your input and advice on how to make it more better.

JOHN AGBAI
JODELL CONSULTING.

DEAR GTSWK,
WITH REGARDS TO YOUR QUESTION ON HOW TO TRADE ON STOCKS AND YOUR BROKER MINIMUM N200,000 START UP CAPITAL TO BUY SHARES WITH AND THE RECOMMEDED SHARES OF JAPUAL,UBA AND DUNLOP. THE ARE GOD SHARES TO BUY BUT THE QUESTION MOST OF THESE BROKERS FAIL TO TELL NEW COMERS TO INVESTING IN THE STOCK MARKET ARE THE RISK AND GAIN ASSOCIATED WITH INVESTING LIKE ANY OTHER BUSINESS ENDERVOUR.
JUST LIKE ANY BUSINESS, STOCK OR ANY OTHER INVESTMENT IS A STRATEGY PLAN OR MAY I SAY WANT ARE YOUR INVESTMENT GOAL FOR INVESTING IN THE STOCK MARKET? WHEN YOU HAVE A CLEAR PALNNED INVESTMENT GOAL THAT YOU WANT, YOU CAN NOW PLAN NO HOW INVESTING IN STOCKS WILL BE ABLE TO ACHVIEVE THOSE SET OUT GOALS.
BUT IF YOU DONT HAVE ANY INVESTMENT GOAL PLAN I THINK MAKING MONEY THROUGH STOCK INVESTMENT WILL BE A VERY DIFFICULT BUSINESS FOR YOU BECAUSE YOUR BROKER MAKES MONEY BY CHARGING YOU BROKERED FEE ANYTIME YOU BUY AND SELL.

If you will be interested on how to trade and well set out investment plan and goal on the stock market both on SHORT-TERM, MEDIUM-TERM AND LONG-TERM basic you can e-mail for a one on one online comprehensive training on both FUNDAMENTAL AND TECHNICAL ANALYSIS of the market for maximum profits.
You can e-mail me for further information at : Johnagbai24@gmail.com


JOHN AGBAI
CEO
JODELL CONSULTING INC.
07028405688,08033761664

DEAR UGOANI AND MY FELLOW FORUMITES,
With regards to your post on Nairaland forum on how you can be trading stock on quarterly basics? I do trade on stock on short-term basics like 20 days to 60 days with profits percentage in the region of 15% - 100 % depending on the timing of the market.
But for you trade on stock on short-term basics you need to have a good understanding of how the stock market works and the facts the drive the prices of shares up at any given particular time.
If you will be interested on how to trade on the stock market both on SHORT-TERM, MEDIUM-TERM AND LONG-TERM basic you can e-mail for a one on one online comprehensive training on both FUNDAMENTAL AND TECHNICAL ANALYSIS of the market for maximum profits.
You can e-mail me for further information at : Johnagbai24@gmail.com

JOHN AGBAI
CEO
JODELL CONSULTING INC.

Economic Update

The Central Bank of Nigeria (CBN) has reiterated that the recent turmoil in United States ’ financial markets turmoil would not affect the Nigerian economy.



Price of London Brent crude dropped to $89.85/barrel at the Intercontinental Exchange (ICE). The price of oil has been falling recently on concerns that demand will slow following global economic slowdown.



Equity Market

Key performance indicators of the Nigerian equity market headed southwards with a 0.52% decline on previous close figures. While market capitalization shed N52.3bn to N10.09bn, the All Share Index was down by 249.45 points to 48,129.23 pts. The decline in market performance was in spite of an increase in market activity, where aggregate volumes and value of today’s trades rose to 821.6mn shares and N7.72bn respectively. These were executed in 8,176 deals. Meanwhile, YTD change worsened to -17.00%.



Of the 131 listed equities that were traded today, 5 appreciated, 68 declined, while 58 others closed unchanged. As a result, gainers to losers’ ratio dropped further to 0.07:1 as market breadth declined to -0.48.



Nigerian Breweries Plc announced an interim corporate action of N1.00 cash dividend for its shareholders. The dividends will be paid on October 17 to investors, who hold the company’s shares till October 9, 2008. The company’s stock declined marginally, shedding 38 bpts to N47.11.



For the second consecutive day, CONOIL topped the list of gainers with a 4.99% gain to N103.43. Other stocks on the gainers’ list were INTBREW, N8.92; UNIONDICON, N3.63; ECOBANK, N9.50 and BIGTREAT, N4.25.



On the flip side were two petroleum marketing stocks, CHEVRON, N397.97 and OANDO, N165.16. FIRSTBANK and GUARANTY, N22.88 were among the stocks with maximum possible decline.



SPRINGBANK, 456.8mn (N5.59) and ECOBANK, 148.8mn (N9.50) accounted for over 73.7% of total volume of transactions, as AFRIBANK, 69.1mn (N30.98) followed them closely on the activity chart.



UNIONDAC, N3.63 continues to firm up having gained 21% since its listing last week. The stock’s close price is the highest since its listing. FIDELITYBNK, N7.29 dropped further to a new 52-week low today.



Fixed Income Market

Four FGN Bond issues with the shortest maturity profiles were the active today with noticeable change in yields and thus prices. The most active of these was the 12.00% FGN Bond 2009 Series 12 with a 0.43% increase in yield.



Money Market

Nigerian Interbank Offered Rates (NIBOR) was down today following what could be referred to as a restoration of liquidity in the market. The Interbank call rate recorded the highest decline with 1.63% below previous day’s figure of 17.88%. However, 7-day rate rose marginally to 17.17%. Average Interbank rate has risen from 15.4% to 17.8% over the last two weeks.



Key rates might be relatively stable following anticipated withdrawal of N40bn through the issue of fresh treasury bills tomorrow.



The official exchange rate of the Naira as released by the CBN lowered to N116.06/US$ as at yesterday. Interbank exchange rate averaged 117.77/US$ today.

The Nigerian Capital market continued the decline which began on September 4, 2008.  For the current week ended September 12, 2008, daily average of declining stocks outnumbered advancing stocks by 60 to 10, The situation is beginning to look dismal as the numbers of advancing stocks dropped below 10 during the last 2 trading days. Additionally, the numbers of unchanged stocks have continued to increase as shown in the graph below. The daily number of stocks with no changes in their prices is again back above 150, a level experienced in July 2008

For the week ended September 12, 2008, the NSE index declined 878 or 1.8% to 48,738, representing a 17,633 or 26.6% decline relative to its 52 week high of 66,371; maintaining the market in a bear state. However, it should be noted that the decline in the NSE index would have been more severe if the new NSE regulation which mandates that only a one percent maximum downward limit on daily price movement would be allowed, while the current five per cent limit on upward movement is retained.
Since the market began its downtrend in the middle of March 2008, there has been three attempts at recovery. These brief recoveries were spurred by some new polices or policy changes by the government and market regulators.  Some of the policy changes that have been implemented to turn the market around are:

1.       Posting the uniform fiscal year-end deadline for commercial banks from December 31, 2008 to December 31, 2009.

2.       Suspension of the N 1 billion capitalization for Stock brokerage firms

3.       Issuance of an exemption to the provisions of the relevant sections of CAMA, to permit quoted companies to buy back up to 20 per cent of their shares to curb the spate of bearish trading in the market by the office of the Attorney General of the Federation

4.       Policy reversal to allow commercial banks to continue extending margin loans to inventors

5.       Reduction of the NSE fees by 50 percent effective September 8, 2008.

6.       Allowance of one percent maximum downward limit on daily price movement , while retaining the current five per cent limit on upward movement

The regulators and the government should get some kudos for all the efforts they have put forward so far to turn the market around. I believe it is time to give this market the shock treatment that it truly needs.

For example, the NSE’s new policy of one percent maximum downward limit on daily price movement, while the five per cent limit on upward movement is retained is very wrong. This policy has an upward bias and in the long run negates what the NSE is trying to achieve, which is to prevent the continued decline of the capital market.

With this new policy of one percent downward  price movement limit, it will take longer for the market to complete its current downtrend, because the policy will never completely allow stock prices to truly bottom out. For the markets to truly correct, sellers in the market must be completely washed out.

Although this may sound callous, studies have shown that until most traders (or gamblers) not investors throw in their towels saying that they can’t take the beating any more, the market downtrend will continue.

The truth of the matter is that some investors in the Nigerian stock market for the 4 years prior to March 2008 saw the NSE as a casino that paid out large sums of money.  As a result, some of these investors invested heavily in the market by buying every secondary or initial public offering and throwing caution to the wind with some of their speculative trades.  Some of these investors were caught in the downtrend and are still waiting in the winds to sell their shares.  Since the Nigeria bull market had a prolonged run ( approximately 4 years), it is safe to believe that there are  many speculators in this category and significant up trend will be sold into.

Some of the recent government/NSE policies that I believe will help the market turnaround are:  

1) The postponement of the  uniform fiscal year-end deadline for commercial banks from December 31, 2008 to December 31, 2009;

2) The possible issuance of an exemption to the provisions of the relevant sections of CAMA, to permit quoted companies to buy back up to 20 per cent of their shares to curb the spate of bearish trading in the market;

3) The policy reversal to allow commercial banks to continue to extend margin loans to inventors; and

4) The 50% reduction in NSE fees.

I believe allowing stock prices to decline only by one percent, while allowing the prices to increase by 5% daily is the worst policy. As noted in the schedule below, a N10.00k stock which gained 5% daily in five consecutive days will take 18 days to lose the same points it gained in five days.

One of the reason that I believe that this is a wrong policy is that the banks and institutional traders might be favored in this policy. While the large and institutional traders might be able to sell easily in an uptrend, retail investors might not be able to do so.  Additionally, the commercial banks might use the uptrend in a bear rally to sell the shares of customers who are unable to satisfy their margin requirements.

My recommendations:

·         Scrap the current policy of one percent daily allowable decline, while the 5% allowable increase is still in effect.  This policy has an upward bias and will result in traders selling into the upward trend.

·         Reinstate the former policy of the 5% upward limit and a 5% downward limit. This will allow the market to get to the bottom faster.

·         Remove all artificial stop gap measures and let prices float freely with one caviar, introduce simple option strategy and shorting selling to enable investors hedge their positions. The current policies will discourage foreign investors from investing in the NSE, because it breaks all the rules of an “efficient market”.  My stance might seem controversial to many investors, but I believe that in the long run it will be good for the market. The current policy strikes me as stock price manipulation.

YOU TRADE FOR A LIVING AND INVEST FOR LIFE

HELLO BLACKNITE,

I HAVE A BUSINESS VENTURE I JUST DEVELOP WHICH IS MOBILE SMS MARKETING AND ADVERTISING BY ROUTING TARGETED ADVERT THROUGH MOBILE PHONES FOR COMPANIES ETC. , AND ONLINE FOOTBALL BETTING THROUGH YOUR MOBILE PHONE FOR EXAMPLE BETTING ON PREMIERSHIP, CHAMPIONS LEAGUE, SPANISH LEAGUE,ITALIA SERIE A, DUTCH LEAGUE, FRENCH MARCHES FROM YOUR MOBILE PHONE AND EARNING 300% ABOVE YOUR BET.
IF YOU ARE A FOOTBALL FAN WE ALL KNOW THE HUGE NUMBER OF FOLLOWERS OF THIS FOREIGN LEAGUE BY NIGERIAN AND IN ADVANCE COUNTRIES THE ARE ONLINE BETTING COMPANIES THAT YOU BET ON MARCHES BY PREDICTING THE WINNING TEAM IN ANY OF THE MARCHES YOU MAKE UPTO 300% TO 800% OF THE AMOUNT YOU BET IF YOUR BET WAS RIGHT.
NOW THIS IS THE BUSINESS WE ARE NOT GOING TO COMPETE WITH THE BETTING COMPANIES BUT BY BEING THEIR AFFILIATES PARTNER HEAR IN NIGERIA WE WILL EARN 10% COMMISSION ON ALL BET PLACE THROUGH US. THE COMPANY IS BASED IN UK WITH ALMOST 50 YEARS EXPERIENCE ON SPORT BETTING BUSINESS.

OUR PARTNERSHIP COMPANY WILL NOW BE PROVIDING THESE COMPANY ONLINE BETTING SERVICES TO NIGERIANS THROUGH THEIR MOBILE PHONE ON SMS WHICH THE SOFTWARE I HAVE ALREADY DEVELOPED.

WE HAVE CLOSED TO 2 - 5 MILLION VIEWERS OF PREMIERSHIP MARCHES EVERY WEEK WITH A GOOD MARKETING STRATEGY THAT I HAVE WE TARGET OF GETTING NOTHING LESS THAN 100,000 BETTING CLIENT'S IN OUR FIRST YEAR OF OPERATION.

FOR FURTHER DETAILS AND A DETAIL BUSINESS PLAN WHICH I ALREADY HAVE YOU CAN REACH ME THROUGH MY MOBILE PHONE 08033761664 OR 07028405688 E-MAIL johnagbai24@gmail.com for schedule detail and comprehensive business plan.

JOHN AGBAI
JODELL CONSULTING INC.

ear follow nairalanders and the admnistrator of nairaland having some problem in nairaland that when ever l write a post in nairaland and put a link to my and after posting in online my address will show a different thing from what l wrote early, please l need help on how to correct this error and the my fellow nairalanders the opportunity to view and read my free profitable stock fundamentals for investment on the stock market.

JOHN AGBAI
www.afroinvestorforum..com

08033761664,07028405688

dear follow nairalanders and the admnistrator of nairaland having some problem in nairaland that when ever l write a post in nairaland and put a link to my and after posting in online my address will show a different thing from what l wrote early, please l need help on how to correct this error and the my fellow nairalanders the opportunity to view and read my free profitable stock fundamentals for investment on the stock market.

JOHN AGBAI
www.afroinvestorforum..com

FOR ONE TO TRADE ON STOCK OR SHARES THE INVESTOR NEED TO UNDERSTANDS THE FUNDAMENTALS THAT DRIVE THE STOCK MARKET, SO THAT YOU CAN BE ABLE TO BUY AND SELL PROFITABLY ON THE STOCK EXCHANGE WORLDWIDE.

YOU CAN GET FREE INFORMATIONS ON FUNDAMENTALS THAT DRIVE THE STOCK EXCHANGE ON MY @

www.afroinvestorforum..com  and are full website and discussion fourm on stocks, share and bond will becoming up in a week time from now it under reconstruction now.
Thanks
JOHN AGBAi

www.afroinvestorforum..com

l[b] think the best advise am to give to you as my fellow nairalander is how long did you intended for your investment on the share you want to purchase, before l can make an valuable segestion to you. But l wil also recommend you to first study the fundamentals the drive stock appreciation both in the long term and short term basic. you can get free information on my daily on investment tips and advice and also register for a free e-cousre on profitable in investment on the nigeria stock exchange.


An e-course on investment by afroinvestmentforum

TOPIC: SHORT TERM INVESTMENT ON THE STOCK MARKET

The need to make maximum returns on short term investments is the goal of most investors, with the low interest rate in the MONEY MARKET AND BOND the STOCK MARKET is the most suitable instrument to make good returns on investment. But for an investor to make maximize profits from use of the short term facility requires a thorough understanding of the fundamentals that drive the STOCK MARKET.

What are the fundamentals that drive the STOCK MRKET for an investor to derive the maximum returns on short term investment?

On today e-course we look some of the fundamentals the drive the STOCK MARKET and their relationship between maximizing profit taking from short-term investment on the STOCK MARKET like the relationship between the following on short-term investment.

1} DEALS: This simply refers to the number of times a stock is bought and sold during a trading period of time, which means the real measure of interest in a stock by understanding of this terms let an investor to be able to detect death stock and insolvent stock stocks that will plow down investor money and result to loss of in capital in the STOCK MARKET.

2} VOLUME: This is the quantity of shares traded within a trading period of time. For emphasis the is a big different between the number of volume and number of deals traded on a share of a company between a given period of time. By understanding it usages help an investor in determination of short-term investment entry and exit point of a company share in the STOCK MARKET. For instance, the media reference of most active share per day or period of time is by volume traded in my view is inaccurate, l think the best measure should primarily be the number of deals to the ratio of number of volume traded within a given period of time or per day. By using volume alone is an inappropriate measure of the most active share or stock within a given period of time in the sense that the volume could be transacted in only one or few deals and sometimes, an sometimes as a cross deal which means only one stock broking firm is between the transaction or an institution investor or a takeover is imminent, this evident show interest in the share is not wide spread but if it is an institution investor which is trying to takeover and get management control a short-term investor have to do a due diligence about the institutional investor past performance and people behind the firm board of director or promoter matters.

3} PRICE APPRECIATION: This simply refers to the change in price of a firm share in a given period of time. By understanding the relationship between the daily price performance of a stock to the number of deals and number of volume is the secret behind for an investor to maximize profit taking in short-term investing in the STOCK MARKET. For instance an investor could get these right by simple data collation and observation method without even being a professor of Economics or a STOCK BROKER OR GURU, no need of trying to interpret even the simplest graphs or stochastic or any confusing technical analysis tools in other to make the best profit returns from the STOCK MARKET in the short-term. Below is a sample data collation from price appreciation on the NIGERIA STOCK EXCHNAGE


BID AND OFFER PRICE: The information on the Bid and Offer price sizes as may be available during trading activities on the floor of any STOCK EXCHANGE globally {example the NIGERIA STOCK EXCHANGE} is very useful for an investor though this is often limited to few individual on the floor of the exchange but by following the plus sign {+} which indicates strong BID demand for a stock while the negative sign {-} which indicates strong OFFER supply of a stock. Meanwhile official list of the NIGERIA STOCK EXCHANGE contains the BID and OFFER signal though not in specific quantity.

These the end of today e-course on investment strategy and fundamental free training on becoming a SMART AND SOPHISCATED INVESTOR that can be able to play on the BULLS and BERISH period of the STOCK MARKET GLOBALLY.

Thanks for being a valued subscriber till will come your way again tomorrow for more insight or you can vist

www.afroinvestment..com

JOHN AGBAI
JODELL CONSULTANT INC.
P.0 BOX 5568
PORT-HARCOURT NIGERIA
TEL: 2348033761664, 2347028405688.-[/b]