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Investment / Re: Sudden Change In Okomuoil Stock by lazinc(m): 11:35am On May 15, 2013 |
saintneo: http://www.nse.com.ng/Financial_NewsDocs/OKOMU%20OIL%20CORPORATE%20ACTION.pdf 2 Likes
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Investment / Re: Sudden Change In Okomuoil Stock by lazinc(m): 8:51am On May 15, 2013 |
^^^ The reason for this price adjustment is because Okomu Oil declared a bonus of 1 for 1 meaning that a shareholder will get one share for each share held by him or her. For example, if someone is holding 10 shares, he will get 10 more (20 in total). The shareholders do not pay anything for these shares. Usually, after the bonus issue, the share price of the company gets adjusted according to the bonus ratio. Since the price before the bonus issue was about N100 and Okomu Oil issued bonus shares in the ratio of 1:1, the post-bonus share price will be N50, which means that the total market value (2 x N50 = N100) remains the same. 7 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by lazinc(m): 10:47pm On May 14, 2013 |
Born 2be Rich: Thanks |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by lazinc(m): 5:56pm On May 14, 2013 |
Born 2be Rich: What about the fundamentals? Are they sound? |
Investment / Re: Minimum Amount Your Stockbroker Accepts To Invest For You? by lazinc(m): 7:29pm On May 07, 2013 |
^^^It will still be yours except the 2% or so that will go for their commission and transaction fee with CSCS. |
Investment / Re: Minimum Amount Your Stockbroker Accepts To Invest For You? by lazinc(m): 3:13pm On May 07, 2013 |
OP, you can try ARM, formally owned by GTB. Their services are superb and they also have great team of securities analysts that carry out analyses of most Public coys and recommendations which you can compare with yours before making any investment decision. The minimum amount required to open a stockbroking account with them is 50K as earlier mentioned, subsequently you can invest with any amount. They have other investment services as well, like the ARM Mutual fund, Aggressive Growth Fund just to mention a few. Great online portal where you can monitor your portfolio as well as carryout transactions on your portfolio. Ever since I opened an account with ARM I have never been disappointed. You get them here www.armsecurities.com.ng/ Gosh! Have I been doing some PR for ARM? Anyways that's the result you derive when you offer a quality service to your customers. Goodluck! |
Investment / What Is The Difference Between Investing And Speculation? by lazinc(m): 2:53am On Apr 24, 2013 |
At first thought the answer looks very simple not until you actually sit down and put pen to paper to answer the question then you realize its not as easy as you may think. According to the legendary Benjamin Graham, along with David Dodd, attempted a precise definition of investing and speculation in their seminal work Security Analysis (1934). “An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative.” There are always two games going on in the market at any time: a game of skill and a game of strategy. Games of skill are speculating; and games of strategy are investing. The best way to understand this is to look at the definitions. Investors, like Warren Buffett, want to find the underlying value of a company. The time horizon is the same time horizon it takes to work out the company’s strategic plan, usually years and decades. The speculator doesn’t care about the underlying value of the company. He cares about the underlying demand of buyers and sellers in the stock. He is looking at the beauty-contest aspect: will people like the stock and bid it up or not. So, let’s begin. What is the definition of investing? What is the definition of speculation? |
Investment / Re: Advise On Where I Can Invest My Idle Funds? by lazinc(m): 12:36am On Apr 23, 2013 |
olly pass: @ yogun:ok will check it and get back @ ya...dont u tink u need to give laz inc accusation a more serious response than that? A more serious response? I'm laughing in Russian!! I saw the link that was posted earlier on this thread before it was hidden, thanks to the MOD. First how would a normal human wants to put his/her hard earned money into something he or she doesn't understands? Can't even read? That scam site was in russian language for goodness sake. Its all about the MLM scams that we see and hear every now and then. What are you guys marking for God sake? You had better go and get something better for yourselves and stop decieving yourselves and the innocent public please. There are no quick and fast ways in making money, just work hard and be street smart, you will sure get there slow and steady. Please be guided!! My 2cents! I'm out 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by lazinc(m): 2:37pm On Apr 22, 2013 |
valacious: Source please? |
Investment / Re: Advise On Where I Can Invest My Idle Funds? by lazinc(m): 2:14am On Apr 22, 2013 |
yogun: [size=20pt]SCAM! WHAT IS THE COMPANY WEBSITE IF ITS REAL?[/size] 1 Like |
Adverts / Re: Project LBM: Work From Home And Get Paid Monthly (internet Access Compulsory) by lazinc(m): 2:10am On Apr 22, 2013 |
[size=20pt]SCAM![/size] |
Investment / Re: Dividend Stocks Vs Non-Dividend Stocks by lazinc(m): 11:14pm On Apr 21, 2013 |
Seun:[/b] That's exactly what I'm doing in the stock market "Extreme Diversification" Looking out for companies that have durable competitive advantage like those you mentioned above with some other ratios (Profitability, liquidity, market and some special ratios) then carry out screening using the Ben Graham stock screening and Piotroski F - Score screening before making investment decisions. I invest in the stock market for the long term, with the slight ROI I'm getting so far, I still feel there's alot to be done. I really want a situation where I can actually value a company, get the real worth of that company (Intrinsic value), then see if the shares of such company is actually trading at a discount with my margin of safety in place before I invest my money into it. The reason for this is because I'm looking into creating an investment arm of my company that will be dealing on stock investment. At the moment, I'm trying to learn more on value investing. With the help of Bloomberg and Reuters where I get financial data of Nigerian public companies for the past five years to present, I'm learning how to use the DCF and DDM valuation methods and other qualities you listed above to know exactly the true worth of a company. I want to believe I'm in the right track! Thanks |
Business / Re: Distributorship Of Bagco Products! by lazinc(m): 9:53pm On Apr 21, 2013 |
oduz: Attend Trade Groups & market to their members Wow! Nice ideas, thank you so much. Looking forward to start implementing some of these great ideas. |
Business / Re: Distributorship Of Bagco Products! by lazinc(m): 7:11am On Apr 20, 2013 |
perezi: I reside in ph. Am intrested in ur business can u drop ur contact? I have not started it yet, looking for ideas and advice, Thanks |
Business / Re: Looking To Buy A Horse by lazinc(m): 9:59pm On Apr 19, 2013 |
You can get it at affordable rate in Ebonyi state. I did my NYSC there and I can tell you that they prefer the horse meat to cow meat. lol You can get variety of different colours. I witnessed where they brought a white horse to the slaughter I was like wtf will they want to kill a beautiful white horse. |
Business / Distributorship Of Bagco Products! by lazinc(m): 9:46pm On Apr 19, 2013 |
Hello nairalanders, I have an opportunity that was given to me by a licensed distributor of Bagco products that is based in Lagos to be a sub-distributor of the products here in Rivers states and its environs since I'm based in Port Harcourt. I really want to engage in this business because I have a strong passion for sales and marketing but the challenge I have now is getting dealers and retailers of this products here. Please I need advice on how to go about it. How do I locate dealers and retailers of these products in Port Harcourt since I want to run the business as an wholesale type because of my job for now till I eventually grow it to the level where I can take it full time? Please I need your kind suggestions and advice.
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Investment / Re: Dividend Stocks Vs Non-Dividend Stocks by lazinc(m): 8:22pm On Apr 19, 2013 |
Seun: Bros Seun, it is easier said than done. If this was the case, there should be loads of billionaires all over. What are the bases you take into consideration when doing the "bolded" above? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by lazinc(m): 4:58pm On Apr 17, 2013 |
stockbull: Oga Stockbull, I respect your sound analysis but I beg to disagree with you on this. FBN still has very strong fundamentals and excellent economic moat when compare to it pairs. You may just be surprise when their result is release. |
Politics / Re: Uyo - City Of Peace And Beauty (Pictures) by lazinc(m): 12:11pm On Apr 14, 2013 |
Symphony007: look at this kid! Which state in this country that is'nt having problems with exam malpractise? But which state has fought exam malpractise more than rivers state? The state government personally sends para-military forces to supervise exams and anyone caught is jailed. The governour and commisioner of education visit exam centers, where is that done? The government has fought so had and wace keeps telling them not to interfere with their organisation. So what do you expect them to do? You dare open your mouth to attack educationally the only state in the federation that jails parents who don't send their kids to school, and has the most sorphisticated schools where fees,uniform,sandals,books and even lunch is free. Better think twice before talking!! Look at this fat cow o,its no longer news that rivers has d highest rate of exams malpractices, why do you think that most students from the east that couldn't passed waec in their various states found rivers as their safe haven to passed this same exams they couldn't passed back in their own states, its simply because of the rate of malpractices that goes on in rivers state. Take UST for example, that's the HQ of exam malpractice and cultism in the state. Stop being sentimental and get your facts right before coming here to fool yourself. Arrant nonsense mtscheew |
Politics / Re: Uyo - City Of Peace And Beauty (Pictures) by lazinc(m): 7:44am On Apr 14, 2013 |
Symphony007: no good roads? You must be high, which south-south or south eastern city can compare with port harcourt for road networks? Stadium road,aba road, new airport road, peter odili road, mile 3 roads and mega fly over and many more! For your information rivers state is the only state in nigeria that has enough power to feed the whole state, it's has just been given the power by the feds to distribute and it is on a fast track! No solid infastructure? Apparently you're ignorant to the fact that the three tallest buildings in the entire south south and south east is located in port harcourt. You don't know about the monorail project whoes first phase in nearing completion. All the schools and health care centers jam packed in the state that you see one of them anywhere you turn! Please don't say ignorant things. Road networks in portharcourt? I think you just displayed your stupidity at the highest level here. By good road I mean quality roads not all those I see in portharcourt being carried out by rubbish contractors like the mile 3 flyover (I laugh in swaili) you just foolishly mentioned. Other rubbish contractors like hommer n the rest keep doing shaddy roads all over the city that couldn't stand the taste of time. Portharcourt only has aba road that is always full of traffic and you said there are road networks. Stop deceiving yourself and take a visit to Akwa Ibom state you will know that portharcourt is no where cclose to it in terms of road infrastructures. Where I work in Akwa Ibom, Ikot Abasi there is 24/7 steady electricity because there's a state power plant there. The only place you can get that in rivers is in bonny island that's provided by nlng. 1 Like |
Politics / Re: Uyo - City Of Peace And Beauty (Pictures) by lazinc(m): 1:46am On Apr 14, 2013 |
scribble: Ode, olodo! I presume you don't know what you're talking about. Have you gone through the section of the eastwest road that links Rivers and Akwa Ibom state lately? That road is been constructed by Akwa Ibom state govt.the E-library and the Ibom Tropicana you mentioned are real, I have been there and I must tell you they are world class. |
Politics / Re: Uyo - City Of Peace And Beauty (Pictures) by lazinc(m): 1:17am On Apr 14, 2013 |
musiwa23: uyo city is base on scam run by ngozi iweala ministry on oil allocation in nigeria.. there are not 70 oil platform in akwa ibom state as claim by the Supreme court of Nigeria.. I'm tempted to say that you're a complete illiterate. Go and get your facts right. Besides those wells you mentioned, most of the major deep offshores fields like USAN project operated by Total and the rest are located off the coast of Akwa Ibom state. Rubbish 2 Likes |
Politics / Re: Uyo - City Of Peace And Beauty (Pictures) by lazinc(m): 12:58am On Apr 14, 2013 |
mmmustapha: Dis city is a village compare with port hercourt or kaduna Compare with Port Harcourt? Port Harcourt is one of the worst cities in terms of development, no good roads, no electricity and no solid infrastructures. |
Phones / Re: Airtel Might Block Bis On Other Phones Today by lazinc(m): 10:27am On Apr 06, 2013 |
Deeone_bangin!: Plz can you assist me on the details of subscribing for 19gB? You can pm me thnx. I tried sending u pm but couldn't. Thnx |
Investment / Re: How To Invest Effectively! by lazinc(m): 10:59am On Apr 02, 2013 |
^^ No question so far, following your lectures headon waiting for ur analysis and how you make your investment decisions based on your analysis. Thanks |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by lazinc(m): 3:02pm On Mar 28, 2013 |
Born 2be Rich: Please what is your take on Lafarge Wapco and First Bank Holdings (FBH) for someone who is going long? Their fundamentals looks great and the future prospect as well. Thanks |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by lazinc(m): 2:57pm On Mar 28, 2013 |
stockbull: Please what is your take on someone entering the market now that everyone is waiting for companies to start pouring their 2012 annual reports? Should one wait for these results to come out first before one invest or invest now before these results come out after doing your analysis on the companies you choose to invest in? Also, if one buys a company shares immediately after the result is released and the company posted a good result and also declares dividend, will that person after buying the shares also take part in the dividend before the dividend payout date? Thanks |
Investment / Re: Buying Shares in Nigeria: Companies, Stock Market Trends, & Opportunities by lazinc(m): 3:54pm On Mar 27, 2013 |
Seun: On the bolded, that was actually what attracted me to this thread but I can see that the main aim is defeated because you guys have derailed this thread. I have been investing in the market for quite some time but I cant call myself an investor, maybe I'm still speculating because "An investment operation is one which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative" - Graham. I have been doing my analysis on companies, despite the fact that getting financial data on Nigeria companies are somehow challenging compared to other developed markets around the world. I want to see a situation, where some of us can take up companies, analyze these companies, determine the real worth of these companies - The intrinsic value, because having an intrinsic value estimate keeps one focused on the value of the business, rather than a piece of the stock - and that's what we want because, as an investor, you are buying a small piece of a business. This gives us strong basis in making investment decisions. I will like the boss Seun and other investment gurus to keep this thread alive. |
Investment / Re: Nigeria Stock Investors Gurus by lazinc(m): 10:36pm On Mar 24, 2013 |
feelamong: Am a trader in the market (ASPANDA)however I have early banking experience and had self tutoring the workings of the stock market! On the bolded*, how do you go about that? |
Education / Re: PTDF Overseas Scholarship 2013/2014 by lazinc(m): 10:22pm On Mar 06, 2013 |
PTDF OVERSEA SCHOLARSHIP SCHEME The Petroleum Technology Development Fund (PTDF) is a parastatal of the Ministry of Petroleum Resources established by Decree 25 of 1973 for the purpose of developing and promoting petroleum technology and for creating the manpower needs of the oil and gas industry through research and training of Nigerians. Our mission therefore is to train Nigerians to qualify as graduates, professionals, technicians and craftsmen in the field of engineering, geology, science and management in the oil and gas industry in Nigeria or abroad. We have a vision to serve not only as a vessel for the development of indigenous manpower and technology transfer/acquisition in the petroleum industry but also to make Nigeria a human resource centre for the West African sub-region. To ensure a steadfast implementation of this mandate, PTDF is inviting applications from suitably qualified candidates for Overseas MSc and PhD Scholarships. Scholarships will be awarded for studies in the 2013/2014 academic session in the United Kingdom and France (Grenoble INP) and upgraded Universities in Nigeria for the 2013/2014 session. However, the Undergraduate level will be awarded for studies in Nigeria only on subject areas listed below. Application Forms can be accessed online using an ATM card or through purchase of a scratch card from designated main branches of First Bank of Nigeria Plc in all the States and FCT, upon payment of a NON-REFUNDABLE sum of N1,000 (One Thousand Naira Only). Instructions on how to access the form online is clearly stated on the backside of the cards. Applicants may please note that only those who meet the requirements below shall be shortlisted and invited for Electronic Aptitude Test, in the case of Master’s, while oral interview will be conducted for PhD (full time) on dates to be announced later. Following the aptitude tests and interview, the best qualified candidates will be selected and awarded the PTDF Scholarship. PTDF however wishes to inform applicants that the Overseas Scholarship Scheme was instituted as a short term measure to address identified skills gaps, pending the outcome of the various capacity building efforts being made to enable our domestic universities effectively handle the onerous task of grooming qualitative professionals in the oil and gas related disciplines. With the numerous upgrade programmes executed by the Fund in some Federal Universities in Nigeria, emphasis has shifted to training Nigerians in-country. Consequently, only a limited number of candidates will be sponsored overseas and the rest in Nigerian Universities listed below. LIST OF NIGERIAN UNIVERSITIES: - African University of Science and Technology – Petroleum Engineering - Institute of Petroleum Studies, Port Harcourt - University of Port Harcourt- Gas Eng - University of Ibadan- Petroleum Eng - University of Nigeria Nsukka- Geology - University of Benin- Chemical Engineering - University of Jos- Mining & Geology - University of Maiduguri - Geology - Ahmadu Bello University – Chemical Eng - Usman Dan Fodio University – Industrial Chemistry - University of Uyo – Chemical & Petroleum Eng - Bayero University Kano – Electrical Eng PLEASE NOTE THAT UNDERGRADUATE APPLICANTS MUST BE IN THEIR 2ND YEAR IN ANY OF THE LISTED NIGERIAN UNIVERSITIES, WHILE THE POSSESSION OF A VALID UNIVERSITY ADMISSION LETTER IS COMPULSORY FOR ALL PHD APPLICANTS. BASIC REQUIREMENTS A. UNDER GRADUATE (Nigeria Only) 1. Possession of 5 credits in WAEC/SSCE/NECO including English Language and Mathematics 2. Must have concluded the 1st year of their study in any of the PTDF upgraded Federal Universities listed above. 3. Must have scored a minimum CGPA of 3.0 on scale of 5 or 4.5 on a scale of 7 in their 1st Year. 4. Must scan and attach a copy of their admission letter 5. Students admitted into the University through Direct Entry i.e. 200 level must have either of the following: i. Minimum of Upper Credit at the Diploma level ii. Minimum of 10 points in interim Joint Matriculation Board (I.J.M.B) examination. iii. Minimum of 8 points at the Advanced Level General Certificate of Education (G.C.E). B. MSc (Overseas) 1. A minimum of Second Class Upper (2.1) in an Oil and Gas related field OR a 2.2 with oil and gas industry experience 2. National Youth Service (NYSC) certificate 3. Applicants must be computer literate 4. Possession of O/level with Credit in English Language in WAEC/SSCE (C6) or NECO (C4); 5. Applicants must not be above 30 years of age Applicants without credit in English language as in (4) above but possess any of the following may apply i. Test of English as a Foreign Language (TOEFL) ii. G.R.E ( Graduate Record Examination) iii. GMAT –for Management related courses iv. International English Language Testing System (IELTS) C. PhD 1. Applicants must be in the academics in Nigerian Institutions, teaching an oil and gas related discipline; 2. Applicants must possess minimum of 2.2 in their first degree and a good second degree certificate; 3. Applicants must submit a research proposal relevant to the oil and gas industry (of not more than 5 pages) to include: Topic, introduction, objective, methodology and mode of data collection; 4. Applicants must include a valid admission letter; 5. Applicants must not be over 40 years of age; and; 6. Applicants must include their masters degree project DOCUMENTS TO SCAN AND ATTACH TO THE APPLICATION FORM Applicants are advised to scan copies of the following documents and attach to their online application forms: 1. First Degree Certificate or Statement of Result 2. NYSC discharge certificate 3. WAEC/GCE/SSCE/NECO Results or provide PIN numbers on the application forms to enable PTDF view the results on the relevant website. 4. Recent Passport Photograph 5. Local Government Identification Letter 6. Master’s Degree Certificate (PhD Applicants only) 7. Admission Letter (PhD Applicants) LIST OF APPROVED COURSES FOR SPONSORSHIP A. MSC Scholarships will be offered for admission into the under listed courses (for overseas MSc). Candidates are advised, to apply for admission into Universities in the UK and France that offer these courses, while applying for the Petroleum Technology Development Fund Scholarship. 1. Asset Management (Engineering Asset Management) 2. Basin Evolution and Dynamics 3. Diving and Underwater Technology 4. Energy Systems Engineering 5. Environmental Engineering 6. Environmental Remote Sensing 7. Fire & Explosion Engineering 8. Health Safety and Environment 9. Marine Computational Fluid Dynamics 10. Maritime Operations 11. Occupational Health and Safety 12. Offshore and Ocean Technology 13. Offshore Engineering 14. Pipeline Engineering 15. Purchasing and Supply Chain Management 16. Refinery Design and Operations 17. Subsea Engineering 18. Thermal Power (Gas Turbine Option) 19. Welding Engineering 20. Design of Rotating Machines 21. Control Systems 22. Hydraulic Engineering (France) 23. Fluid Mechanics and Energetics (France) B. PhD PRIORITY RESEARCH AREAS The PhD research areas in addition to the afore-listed MSc program areas may also include any of the following related areas: 1. Environmental Studies and HSE (Health, Safety and Environment). 2. Marginal Fields Development. 3. Flow Assurance and Pipeline Engineering. 4. Geology and Petroleum Geology. 5. Civil and Marine Engineering. 6. Renewable Energy. 7. Reservoir Engineering/Production Technology. 8. Refining Technology. 9. Ship Building & Marine Technology. PLEASE NOTE THAT: i. RECIPIENTS OF A SIMILAR SCHOLARSHIP NEED NOT APPLY ii. APPLICANTS WHO ALREADY POSSESS A MASTER’S DEGREE SHOULD NOT APPLY FOR MSC PROGRAMME, BUT ARE QUALIFIED TO APPLY FOR THE PHD. iii. CLOSING DATE FOR APPLICATIONS IS 26 MARCH 2013. Signed Management Signed Management http://www.ptdf.gov.ng/index.php?option=com_content&view=article&id=105&Itemid=196 MOD please front page |
Celebrities / Re: Goldie Is Dead! by lazinc(m): 3:58am On Feb 15, 2013 |
RIP! |
Phones / Re: GLO Increases Their Internet Data Bundle Allowance by lazinc(m): 2:04pm On Nov 22, 2012 |
luluosas: Thank God you mentioned my 3Gb data volume for N2800, forget blackberry plan, even if na Nokia plan, the fact that it does what I want (Fast Internet Access), that is just fine by me. Very economical too, wise up dude. |
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