₦airaland Forum

[quote:auwale87]We Should get Ready to host lots of Immigrants, because many people especially from under-developed countries
will be flourshing to Nigeria, because if they get 1000 Naira it will be millions in their currency[quote][/quote]so what is nigeria - a develop nation abi,

[quote:walel]So banks that are capitalised at 100billion will now be at 100million? this is so confusing already.[quote][/quote]banks capitalised at 100 billion will be 1 billion. You knock off the two zeros- that is what re-denomination is all about.

i can remember when N20.00 naira notes where introduced just after the death of Muritala, my father's driver salary at the time was N40.00 naira a month. When he was given 2 notes as his salary, he declined d offer, telling my father, oga i beg give me N1.00 notes, he could not understand the concept, so i fear for the illetrates in nija.

[quote:Shigidi]secondly, as i asked temmie10 earlier, im kind of stuck when it comes to the insurance sector. can u give me advice on which ones are good for 1year time frame. its confusing trying to calculate anything in that sector for me.
thanks men.

to be sincere, i will like to invest in d insurance sector too, but that sector na real "kalokalo"

[quote:]backnbetaThe best thing for those of abroad is for us to invest our hard earned money here o!
 Yet another failure!!! [quote][/quote]if u want to invest your money abroad best of luck to you, i have been abroad for 15 years, i never see 1 million pounds in my account b4. the good thing when d money is at par with the dollar, is for u to invest in a developing economy, a growing economy rather than already saturated economies abroad. I went to an indian man house in west london, St John's Wood, one of the posh part of london, marble staircase. u name it, I asked this man how did u make your money, he told me, i made my money in nigeria in 1979, when N1.00 was $1.00.  He told me nigeria use to be sweet, if u invested $10,000.00 u could turn your money round over night, so i wish u best of luck with your investment abroad.

[quote:denex]So what happens when N25 billion of the Banks? Will they settle with N250 million or will they start pursuing the new N25 billion all over again?[quote][/quote]@deor03

believe me, this is from IMF.

they will start pursuing another N250million, nobody wants to sit on their laurel that is what is called ambition.

@ azpunpin

Great Naija, All those Nigeria wey dey 4 oversea no go dey happy ooooo

But wetin den go do,
Sorry brother n sistas oooo

Thanks Soludo.

na person wey don lost 4 abroad wey no go come home, this new thing is good in that if u have that entreprnur streak in you, you can make serious money in a developing country like nigeria, 4 abroad den don develop finish. Imagine setting up a muti-million naira company in nigeria, that will easily translate to multi million dollar company. more grease to soludo's elbow.

[quote:Temmie10]"if it now grows fro 0.63k to 2 naira", u really know all.


it is a matter of fact, e don grow b4 from N11.00 in 2004 to N63.00 in 2007, that is 6X, i dont see any reason why it will not grow from 0.63k to N2.00, 4X, in the new dispenstion.[quote][/quote]

[quote:Temmie10]Easimoni has given you a very good short answer. Anybody who is knowledgable about stocks will tell you that the share price is of very little use as an indicator to whether a company is cheap or not. Think about fundamentals, potential for growth, eps, pe,

If not, keep waiting for 200 o, Jesus will probably come earlier[quote][/quote]Looks like i dont have to wait till when Jesus come before we see our Blue chip stocks hitting N200.00 per stock, with this new re-dennomination of the Naira. For example Zeniths stock value is currently N63.00, by august 2008, when re-denomination has taken place lets assume zenith's stock is still N63, that figure will be divided by 100 to get a new stock valuation. By doing this the new value of Zenith's stock will 0.63kobo, if it now grows from 0.63kobo to N2.00, then it would archeived the old N200.00 bench mark. Because the new N200 will be about $252.00.

it will be good for people abroad to bring there money to nigeria and invest, although there might be inflation in nigeria, but it will be healthy for the economy. If you are a salaried person in nigeria, it might not be good for you, but if you are a business man or entreprenuer it will be good for you. for example i started investing in nija stocks 4 months ago, my investing in pounds is about £4700.00 today the value of my investment is £8200.00. What the re-denomination will do is that a foreign investor knows how much he will make on his investment without bringing out a calculator. This is good news for nigeria, and all nigerians should be proud of it.

ibadan, is the largest indigenous african city in the world, ibadan is not an oyinbo city, it is not planned like most mordern city, that is the uniqueness of the place. it is better for a city to be a proper african city than it to be a shit whole that is pretending to be a mordern city like lagos. ibadan has character, it is like a big village, and i love it.

i go every other week, nija and london are my home, i pray u people can do the same thing.

father i have been struggling with something let it come to past, so that i can give you the glory. Despite everything I have gone through, Lord Jesus I thank you for the gift of life, thank you lord.

Myself, drink myself to stuppor and woke up in a hospital, my old self had died doing what i love, i have now been reborn again as a God fearing man.

what is the gist behind japaul, never really consider buying it, if you know something that we dont know, come on spill the beans brother.

[quote: KnowAll -Zenith  will ever be £11.00][quote][/quote]point of correction N11.00

[quote:easimoni]My guy, the price of a stock has very little to do with how cheap or expensive it is. There are N80 stocks that are cheap (Oando) and N4 stocks that are quite expensive (e.g Crusader Ins). Theprice of 1 share must be compared to the eearnings dividends of that share to make a judgement Go to iinvestopedia.com and read up on PE, EPS, DPS and look for the stock market tutorial. Good luck.[quote][/quote]the bottom line is, the blue chip stocks will grow, and nothing is goning to stop them from growing as the economy expands. Do you think blue chip stocks like Zenith  will ever be £11.00,  i wait for that day.

congrats oh, but wen na born pickin, the 1st one make una call am naira, and the second one kobo, make una no forget oh, i dey una side best of luck.

in a growing economy, things grow, i am not saying the top bank stocks will be N200.00 in a year's time , it might take time, but its bound to grow with the stock exchange. With our president saying he wants Nigeria to be among the big 20 economies of the world, the only way for the stocks is to go up, it might take time between 5 - 8 years for this kind of growth, but is bound to happen. Trust me when it comes to blue chips there is only one way and thats up.

2nd nothing lasts forever, this trend will weaken with time,

Nija bank stocks are still very cheap relatively, i see Zenith, First Bank, Oceanic, Union Bank, UBA, and some other top banks getting to N200.00 per share (Still less than £1.00, and a about $1.80 ). The most expensive Bank stock is Zenith and that is worth 0.25p or 0.50c, damn cheap when compared to other emerging economies. I dont think it will slow down for now, the economy is growing, so will the stock exchange, and all the shares.

Yodiyokun :

from the look of things, secondary market is better if you want to trade. The public offers are managed by these companies such that the certificates are issued in trickles and even verification is released in trickles to manage the price of the stock effectively.
I for one am going straight into secondary market now.

Secondary Market is good if u are on the ground in nigeria, or if u have a reliable stock broker, otherwise ipo is good on the long run. Secondary Market is for people with big money, if my total investment gets to say 10 million naira, then I will sell everything in my portfolio, and start buying in the secondary market, thats the big secret of the nigeria stock market. There are people waiting to put N50 million on Access bank the day its IPO Closes, this is a public forum, I am sure a lot of big people out their would not like me revealing the secret behind nija stocks, i noticed with 4 stocks, Oceanic Bank from N20.00 to N31 within 5 days of trading, First Bank from N40.40 to N58.90 within 5 days of trading, UBA from N35 to N58.20 within the 1st 5 days of trading. Somebody is making a killing somewhere.

Dangote sugar was my 1st nija stock, i was testing the market, i only bought 1500 shares worth about N27000.00. It trebled within the 1st 4 weeks of trading, that is N57.00, it has since dropped to double price of N37.00. I am begininng to wonder if its better to buy in the secondary market and resell when the price its at
is highest.

goldenson:


please can u send me the spreed-sheet so i can better monitor my stocks performance. thanks

there is no forwarding e-mail address on your profile, send me your e-mail address.

Cheers

I can you supply anyone intrested with a spreed-sheet that will monitor the performance of your stocks. My stocks are doing great, I use to have a savings account in london, 3 months ago I closed it down, and started investing in stocks, I must say, I am very impressed so far.