₦airaland Forum

Broke, a bank closed its doors to shut out a rush of its depositors. One man stood in front of the large glass doors and yelled for all to hear, "They ought to throw the bank president in jail. They ought to take the whole board of trustees and hang them from the nearest tree. Every person who works in the bank should be tarred and feathered and run out of town!" A policeman asks, "Is your money in that bank?" The man says, "If I had money in that bank, would I be taking it this lightly?"

Before you invest, investigate." William Arthur Ward (1921-1994) author, educator.

"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years." Warren Buffett (1930- ) businessman and investor

"If stock market experts were so expert, they would be buying stock, not selling advice." Norman R. Augustine

"Now is always the most difficult time to invest." Anonymous

"My job is to make people money. If I don't include every factor that moves a stock, market psychology included, then I'm not doing my job." Thomas Kurlak

"A stockbroker urged me to buy a stock that would triple its value every year. I told him, 'At my age, I don't even buy green bananas.'" Claude Pepper

"If you hear that everybody is buying a certain stock, ask who is selling." James Dines, Investment newsletter writer (1935- )

What was the original name of the American Stock Exchange and why?

The Curb, because it was originally started by traders on the streets of New York City standing on and by the curb

Some Economics

A truck driver moved to Texas and bought a donkey from an old farmer for $100.
The farmer agreed to deliver the donkey the next day. The next day the farmer drove up and said: "Sorry, but I have some bad news. The donkey died."
"Well, then, just give me my money back."
"Can't do that. I went and spent it already."
"OK, then. Just unload the donkey."
"What ya gonna do with him?"
"I'm going to raffle him off."
"You can't raffle off a dead donkey!"
"Sure I can. Watch me. I just won't tell anybody he's dead."
A month later the farmer met up with the truck driver and asked:
"What happened with that dead donkey?"
"I raffled him off. I sold 200 tickets at two dollars apiece and I made a profit of $898."
"Didn't anyone complain?"
"Sure, but just the guy who won. So I gave him back his two dollars."

Without appearing to take sides on the stock prediction issue, like WW said, no one is right 100% of the time, you win some, you lose some. AirLafarge is a good example.

On the lighter side, there are three groups of people who can be wrong 90% of the time, and yet not get sacked!

Stock analysts who can predict a buy,and the stock then goes down several points

The weather analyst who tells you its going to be a sunny day,and then you come home drenched in the rain

And the political analyst who says Obama has New Hampshire only for Hillary to win that primary!

Is another rally imminent for Airservices?

Meristem Weekly Review

http://www.meristem.com.ng/uploads/files/Microsoft%20Word%20-%20MARKET%20SENTIMENTS%20FOR%20THE%20WEEK%20ENDED%20FEBRUARY%2015,%202008.pdf

@AkTopCandle.

May your candles shine and never blow out!

Make me happy on NASCON.

What do the 'holy' candles say? Perform your Candlysis and bring forth the good news!

windywendy:
hahaha! Great ke? That na AKtopgun, easimoni and londoncool o. Dem sabi no be small

I don't have any stock recommendations today. The money you don make from the ones when I recommend never do you

By the way, this news with your broker and niwicable about to do a PO, how true is it? I'm seriously not aware of any impending PO, and to the best of my knowledge they're not planning any. Who be your broker?

Money dey do person? I use Capital Assets. The guy is not sure too , but told me he heard something and would investigate. Let us know if the wind blows any news your way.

Great WIndyWendy,

Can you Wind us some stocks (in the mould of Niwi,Berger& Livestock) that we can Wend for the next 2 weeks?

Wey Wendy with the Wind behind the news?

Old News on Niwicable

New investors inject N1.3b into NIWICABLE

THE Nigerian Wire and Cable (NIWI Cable) recently got an injection of new fund of N1.3 billion from a new investor to reactivate the company after closure of two years.

Chief Oyepeju, a leader of one of the prominent shareholder association in Ibadan said that the company was able to get the said amount from True Bond Investment and Capital Limited who are presently the new investors in the company.

He said with the N1.3 billion, the debt of the company has been taken care of. "Nigerian Wire and Cable has come back to the main stream of the capital market, with N1.3 billion the debt of NIWI Cable company has been taken care of", he said.

Explaining, he said that part of the money is also used for buying raw materials. "The company has goods that can take them through for the next 12 months. The problem of raw materials is not the issue; the issue is on the sincererity of the new investor," he said.

At the Extraordinary General Meeting (EGM) of the company held on September 24 this year, the new investors promised shareholders that within the next three months of operation, they will declare profit, take the bull by the horn and maintain the quality in production.

The company which resumed operation under the new management in October is said to be the best wire and cable company in Nigeria and West Africa.

With a new Managing Director Mr Lateef Bakare, a chartered accountant, the company presently produces 120 tonnes per day, a 50 per cent capacity. Come March next year, it was revealed that the company will be producing 250 tonnes per day.

The low out put for now was based on the fact that the machines having stayed for so long without functioning, needs overhauling for a 100 per cent production. Also for better performances and profitable results, the company has imported two sets of 1000 megawatt generators to ease their production.

It would be recalled that in September an alert was raised that the price of the company was appreciating without being operational.

The company which is situated in Ibadan, is now experiencing a justifiable positive price movement which has been attributed to investors' reaction to the news as regards the company's electrification of its operation.

Some analyst also commented on the acceptability of the company by the investing public that money will always find its level by going to where it is needed. "The market will always give the company the right evaluation".

He assured the public that so far the company maintain a good quality of its products, the price of the company will in no time grow to the extent of giving investors good returns.

This year, the stock has enjoyed a price rally from a low 70 kobo to as high as N6.79, a growth of 870 per cent.

Wapco went on strong offer straight! Hope this does not affect CCNN negatively o!

Just heard from my broker;Niwicable is actually positioning for  a public offer.

Is it wise to stay there or run out?

Who wan buy SCOA make I sell 5k units to lock in some profit, and maybe 20k units of NIWI too.

i don dey fear for the kind rise wey scoa,niwi and berger dey rise o? No be blood money be this?

See how people pull NASCON down because them wan buy?      Well, make me too buy small add then!

sdeck:
@Yodiyokun, Loma, Pumping777
These your obsession with this Obama dey tire person. The man get mouth but no be mouth go run economy! I remember how some people fell for Obasanjo in 1999. He had just come from jail after being a head of state and all that. He turned out to be a man with short memory of the suffering of people. Last year, they told us that Yaradua and Dr Goodluck Jonathan are intellectuals. They promised to declare an emergency in the power sector. Everybody cheered.

sdeck link=topic=31554.msg1983505#msg1983505 date=1203655561:
.

@ sdeck

Can you believe your comment above woke me up from my deep sleep? I take offence to you comparing Obama to Obasanjo/Yaradua. Even if na candle you dey take look the debate, how you go compare Ripe Pumpkin and rotten orange? Beg me make I no vex o!

For all Hillary supporters, good stuff towards the end on her part, but we can see through it. Nice valedictory speech though (xeroxed from Edwards) . We will be magnanimous to you SIRO guys who sneaked into Hillary's team to RUSH OUT now,and stay for the long term with Obama

The debate is on!

Go to CNN.com

Obama rocks!

Who follow me dey Unilever molue? The bus just dey reverse to pick passengers.

F02 et al, make I descend go enter Danfo?  For the 1-month I dey there, na only 10% e don make,and broker must to chop 5%.

@Easimoni; don't tell me you are in the oil & gas business too!

A new PP coming out mid-March by Negris (http://www.negrisgroup.com/).

Handled by Meristem, and will be under the name of ENCON, one of Negris subsidiaries. Keep tuned

Seems everyone is too busy checking their Portfolio to post.

NASCON; time to buy more?

Unilever; stay or get out? what are the long term prospects?

ABC/SCOA/NIWICABLE-  

Today's prices

http://www.trw-stockbrokers.com/services.aspx

deleted

BIGBOYLARY:
NOTHING CAN STOP OBAMA You BETTER OPEN UR EYEZ WELL WELL VENTILATEE UR EAR WELL WELL B/4 You AGIGATE OBAMANIA TONIC.

@BigBoyLarry

Even though I am an Obamanian, I will advise you to focus your crystal ball on NSE and not US politics, we need more money to support Obama.

For the Growth stock(Obama) doubters, go to cnn.com, and at the top click on Obama Campaign live in Dallas now. You will come back baptized!

Like I mentioned , I was in the audience yesterday night in Houston, and was applauding all the way, you call that "Just words?"

Ask yourself, if the tables were turned around, and Clinton had won 10 straight races, what would you be saying? That Obama is a nonentity,etc.

Wake up and believe!  Yes, we can! Yes we will!

RichyBlacK:
@Ioma

What's the capacity of the Toyota Center?

Was it full to capacity?

Thanks.

About 20,000 capacity and it was packed full!

Whats the news on CCNN and Unilever, they seem to be dancing on the spot.

Aktopgun, please can you shine your candle on UnionDicon to see if we need more salt in the food?

Prince11:
I bought a small unit of Japaul via IPO (just 25Kg)

What should I expect and when ? (a) returned money (b) certificate in the post (c) a bit of both

Sorry if I've missed this from the past,

Prince,

For less than 50kg, you get your full allotment, so expect your certificate.

SGN:
Me I like CICO

But the one I am using at the moment is SIRO

Sneak In
Rush Out

Dr AktopCandle,

To remain legally sane, how much laughter can one laugh per day. I believe I am getting an overdose from this thread o!

Folks, I just came back from the Obama rally at the Toyota Center in Houston. It was historic!

Ladies and gentlemen, please rise to welcome the winner of the Winsconsin primaries, and the next President of the United States of America,

I felt a part of history. His speech was even more inspiring standing few feet away from me. Obama in flesh and blood.Texas, Yes we can!

Folks, I just came back from the Obama rally at the Toyota Center in Houston. It was historic!

Ladies and gentlemen, please rise to welcome the winner of the Winsconsin primaries, and the next President of the United States of America,

I felt a part of history. His speech was even more inspiring standing few feet away from me. Obama in flesh and blood.Texas, Yes we can!