Ten days on, NSE goes futher southwards


STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 26TH SEPTEMBER 2008
A turnover of 2 billion shares worth N13.63 billion in 37,416 deals was recorded this week, in contrast to a total of 3.1 billion shares valued at N39.3 billion exchanged last week in 49,497 deals.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking subsector was the most active during the week (measured by turnover volume), with 849.55 million shares worth N9.4 billion exchanged by investors in 19,456 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the bank accounted for 402.84 million shares, representing 47.42% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 856.34 million shares valued at N1.2 billion in 4,895 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.
Price Movement:
The All-Share Index dropped by 2.33% to close on Friday at 46,216.13. The market capitalization of the 203 First -Tier equities closed lower at N9.84 trillion.
Twenty - One (21) stocks appreciated in price during the week, higher than the twenty (20) in the preceding week. Ashaka Cement Plc led on the gainers’ table with a gain of N2.29 to close at N30.00 per share while Big Treat Plc followed with N1.04 to close at N5.64 per share. Other price gainers in the Top 10 category include:
• Conoil Plc - N0.76
• Adswitch Plc - N0.68
• Chams Plc - N0.52
• Zenith Bank Plc - N0.30
• Unity Bank Plc - N0.28
• Daar Communications Plc - N0.25
• Thomas Wyatt Nigeria Plc - N0.23
• UNIC Insurance Plc - N0.23
Seventy – Two (72) stocks depreciated in price during the week, higher than the seventy (70) in the preceding week. Guinness Nigeria Plc led on the price losers’ table, dropping by N2.35 to close at N116.54 per share while Nigerian Breweries Plc followed with a loss of N2.31 to close at N45.21 per share. Other price losers in the Top 10 category include:
• Lafarge WAPCO Plc - N1.50
• First Bank of Nigeria Plc - N1.41
• BOC Gases Plc - N1.38
• Flour Mills of Nigeria Plc - N1.31
• United Bank for Africa Plc - N1.28
• Intercontinental Bank Plc - N1.24
• Guaranty Trust Bank Plc - N1.08
• Oceanic Bank International Plc - N1.01
Two equity prices were adjusted for dividend as recommended by the Board of Directors. First City Monument Bank Plc was adjusted for dividend of N0.50 per share. Law Union & Rock Insurance Plc was adjusted for dividend of N0.06 per share.
New Listings
The 4,620,600,000 shares in favour of Chams Plc were admitted to the Daily Official List at a price of N2.50 per share on Tuesday, September 23, 2008 by way of Introduction. The Company was listed in the newly created Information Communications and Telecommunications subsector. Also, the 8,000,000,000 shares in favour of DAAR Communications Plc were admitted to the Daily Official List at a price of N5.00 per share on Friday, September 26, 2008 after executing an Initial Public Offering and Offer for Sale. The Company was listed in the newly created Media subsector. By this action, the number of listed companies and securities increased to 219 and 310, respectively.
Full Suspension
This was imposed on Ecobank Nigeria Plc on Monday, September 22, 2008 having received the Bank’s application to undertake share reconstruction and supplementary share offering.
COMPANY NEWS
CORNERSTONE INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.8 billion as against N2.74 billion in 2006. Profit after tax stood at N310.8 million compared with N129.5 million in 2006. The Directors are recommending a dividend of N0.03 per share. The date of closure of register of members is October 15, 2008 while payment date is October 27, 2008.
STUDIO PRESS (NIG) PLC: Audited result for the year ended 31st December 2007 shows Turnover of N1.83 billion as against N1.1 billion in 2006. Profit after tax stood at N55.1 million compared with N10.42 million in 2006.
GUINEA INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N339.8 million, as against N340.6 million in the comparable period of 2007. Profit after tax stood at N184.1 million compared with N172.3 million in 2007.
VONO PRODUCTS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N357.4 million, as against N801.9 million in the comparable period of 2007. Loss after tax stood at N78.83 million compared with N388.53 million in 2007.
COMPANY FORECASTS
PRESTIGE ASSURANCE PLC: The Company forecast a Gross Premium of N3.1 billion and profit after tax of N816.0 million by year end December 31, 2008.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 342.45 million units worth N340.22 billion in 3,150 deals was recorded this week, in contrast to a total of 208.7 million units valued at N209.73 billion exchanged in 1,714 deals during the week ended Thursday, September 18, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2011 Series 3 with a traded volume of 34.4 million units valued at N34.4 billion in 344

kokorunna:

Is it still good to invest in the Nigerian Stocks at the moment with the crisis in the world.

www.moneysaversforum.com

Affirmative YES , our market is slightly insulated from the global market since the global market responds more directly to oil prices than the NSE.

Also, YTD yield went down by only 18% as opposed to 30-40% in soem other markets.

We are also not exepriencing forced mergers and buy outs nor credit crunch.

Infact, this is the best time to invest in the nigerian market.

Regards

Sowon please kindly refer to https://www.nairaland.com/nigeria/topic-63098.0.html on how to get a CSCS account opened reliably.

Regards

For week ended 22nd Sept. do take a read:

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 22ND AUGUST 2008
A turnover of 3.82 billion shares worth N32.94 billion in 56,511 deals was recorded this week, in contrast to a total of 6.4 billion shares valued at N47.94 billion exchanged last week in 60,803 deals.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking subsector was the most active during the week (measured by turnover volume), with 1.9 billion shares worth N23.44 billion exchanged by investors in 29,516 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the Bank accounted for 888.01 million shares, representing 46.6% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.55 billion shares valued at N1.6 billion in 6,406 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.
Price Movement:
The All-Share Index dropped by 6.65% to close on Friday at 44,357.08. The market capitalization of the 210 First -Tier equities closed lower at N9.04 trillion.
Eleven (11) stocks appreciated in price during the week, lower than the twenty - six (26) in the preceding week. Mobil Oil Nigeria Plc led on the gainers’ table with a gain of N87.00 to close at N402.00 per share while Chevron Oil Nigeria Plc followed with N79.10 to close at N365.54 per share. Other price gainers in the Top 10 category include:
• Julius Berger Nigeria Plc - N8.24
• International Breweries Plc - N1.49
• First Bank of Nigeria Plc - N0.71
• UACN Plc - N0.29
• Ferdinand Oil Mills Plc - N0.18
• Hallmark Paper Products Plc - N0.12
• Aso Savings & Loans Plc - N0.10
• The Okomu Oil Palm Plc - N0.02
Eighty - Seven (87) stocks depreciated in price during the week, higher than the eighty (80) in the preceding week. Nestle Nigeria Plc led on the price losers’ table, dropping by N17.00 to close at N180.00 per share while Oando Plc followed with a loss of N14.53 to close at N134.62 per share. Other price losers in the Top 10 category include:
• Benue Cement Company Plc - N7.81
• Guinness Nigeria Plc - N6.50
• Dangote Sugar Refinery Plc - N4.46
• Flour Mills of Nigeria Plc - N4.11
• United Bank for Africa Plc - N4.08
• Nigerian Breweries Plc - N3.99
• Ashaka Cement Plc - N3.97
• UACN Property Dev. Co. Plc - N3.93
Technical Suspension
This was imposed on Nigerian-German Chemicals Plc on Tuesday, August 19, 2008 having received the Company’s application to undertake supplementary share offering.
COMPANY NEWS
AVON CROWNCAPS & CONTAINERS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N6.9 billion as against N6.2 billion in 2007. Profit after tax stood at N251.11 million compared with N172.64 million in 2007. The Directors are recommending a dividend of N0.12 per share. The date of closure of register of members is September 30, 2008 while payment date is October 13, 2008. . The Annual General Meeting (AGM) of shareholders is scheduled to hold on October 8, 2008 at a venue and time to be announced later.
UNIC INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N1.92 billion as against N1.9 billion in 2006. Profit after tax and extra-ordinary items stood at N329.01 million compared with profit after tax of N259.95 million in 2006. The Directors are recommending a dividend of N0.05 per share. The date of closure of register of members is August 25, 2008 while payment date is October 13, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Diamond Hall, Golden Gate Restaurant, Alfred Rewane Road, Ikoyi, Lagos on Wednesday, September 10, 2008 by 11.00a.m.
UNIC INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N550.43 million, as against N477.43 million in the comparable period of 2007. Profit after tax stood at N235.4 million compared with N82.95 million in 2007.
ASO SAVINGS & LOANS PLC: Audited result for the year ended 31st December 2007. The Directors had earlier recommended a dividend of N0.05 per share. The date of closure of register of members is August 25, 2008 while payment date is October 24, 2008.
MOBIL OIL NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N33 billion, as against N26.62 billion in the comparable period of 2007. Profit after tax stood at N1.23 billion compared with N1.05 billion in 2007.
BIG TREAT PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.51 billion, as against N1.32 billion in the comparable period of 2007. Profit after tax stood at N136.85 million compared with N85.23 million in 2007.
ASSOCIATED BUS COMPANY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.8 billion, as against N1.55 billion in the comparable period of 2007. Profit after tax stood at N117.02 million compared with N74.03 million in 2007.
INTERNATIONAL ENERGY INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.8 billion, as against N1.02 billion in the comparable period of 2007. Profit after tax stood at N1.3 billion compared with N414.95 million in 2007.
FTN COCOA PROCESSORS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N491.64 million, as against N134.5 million in the comparable period of 2007. Profit after tax stood at N174.6 million compared with loss before tax of N22.84 million in 2007.
INTERCONTINENTAL WAPIC INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N3.92 billion, as against N2.8 billion in the comparable period of 2007. Profit after tax stood at N569 million compared with N572.05 million in 2007.
GOLDLINK INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.43 billion, as against N1.5 billion in the comparable period of 2007. Profit after tax stood at N559.4 million compared with N263.85 million in 2007.
SOVEREIGN TRUST INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.14 billion, as against N1.4 billion in the comparable period of 2007. Profit after tax stood at N449.02 million compared with N222.04 million in 2007.
MORISON INDUSTRIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N223.9 million, as against N83.2 million in the comparable period of 2007. Profit after tax stood at N17.73 million compared with N3.33 million in 2007.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 127.4 million units worth N126.85 billion in 1,156 deals was recorded this week, in contrast to a total of 147.44 million units valued at N144.7 billion exchanged in 1,339 deals during the week ended August 14, 2008. The most active bond (measured by turnover volume) was the 4th FGN Bond 2010 Series 12 with a traded volume of 19.25 million units valued at N19.1 billion in 192 deals.

Good work Seun. Keep it up.

Dear readers, don't miss out on week ended 19th Sept as shown below:

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 19TH SEPTEMBER 2008
A turnover of 3.1 billion shares worth N39.3 billion in 49,497 deals was recorded this week, in contrast to a total of 2.65 billion shares valued at N50.3 billion exchanged last week in 44,357 deals.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking subsector was the most active during the week (measured by turnover volume), with 2.32 billion shares worth N34.53 billion exchanged by investors in 26,906 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc, Afribank Nigeria Plc, Ecobank Nigeria Plc and Oceanic Bank International Plc. Trading in the shares of the four banks accounted for 1.85 billion shares, representing 79.8% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 369.9 million shares valued at N755.55 million in 5,345 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.
Price Movement:
The All-Share Index dropped by 2.91% to close on Friday at 47,317.94. The market capitalization of the 201 First -Tier equities closed lower at N10.02 trillion.
Twenty (20) stocks appreciated in price during the week, lower than the twenty-two (22) in the preceding week. Conoil Plc led on the gainers’ table with a gain of N11.32 to close at N105.14 per share while UACN Plc followed with N2.75 to close at N47.75 per share. Other price gainers in the Top 10 category include:
• Chemical & Allied Products Plc - N2.40
• Nig. Bottling Co. Plc - N1.48
• Cadbury Nigeria Plc - N1.08
• PZ Cussons Nigeria Plc - N1.04
• International Breweries Plc - N1.04
• Ecobank Nigeria Plc - N0.92
• Nigerian Breweries Plc - N0.84
• Big Treat Plc - N0.63
Seventy (70) stocks depreciated in price during the week, same as in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N12.17 to close at N397.97 per share while Afribank Nigeria Plc followed with a loss of N8.16 to close at N22.64 per share. Other price losers in the Top 10 category include:
• Oando Plc - N6.69
• Guinness Nigeria Plc - N4.86
• Zenith Bank Plc - N1.85
• Lafarge WAPCO Plc - N1.56
• First Bank of Nigeria Plc - N1.48
• BOC Gases Plc - N1.46
• United Bank for Africa Plc - N1.36
• Intercontinental Bank Plc - N1.32
Three equity prices were adjusted for dividend and/or bonus as recommended by the Board of Directors. Afribank Nigeria Plc was adjusted for dividend of N0.50 per share and bonus of 1 for 3. University Press Plc was adjusted for dividend of N0.35 per share. FTN Cocoa Processors Plc was adjusted for dividend of 2.5k and bonus of 1 for 10.
…Supplementary Listings
A total of 3,376,706,666 shares were added to the shares outstanding in the name of Afribank Nigeria Plc on Thursday, September 18, 2008 following the bonus of 1 for 3. Also, a total of 200,000,000 shares were added to the shares outstanding in the name of FTN Cocoa Processors Plc on Thursday, September 18, 2008 following the bonus of 1 for 10.
Delisting
The N150 billion 3rd FGN Bond 2011 (Local Contractors Debt 2) was delisted from the Daily Official List on Wednesday, September 17, 2008. By this action, the number of FGN Bonds dropped to 39.
…Delisting of Dormant Companies
The Council of The Nigerian Stock Exchange approved the delisting of ten (10) dormant Companies, a decision that was effected on Thursday, September 18, 2008. The Companies delisted were: ACEN Insurance Plc, Amicable Assurance Plc, BAICO Insurance Plc, Atlas Nigeria Plc, Ceramics Manufacturing Plc, Beverages (WA) Nigeria Plc, Enpee Plc, Tate Industries Plc, Maureen Laboratories Plc and Rietzcot Nigeria Plc. These are the first Batch of companies as the process is on-going. By this action, the number of quoted Companies dropped and securities dropped to 217 and 308 respectively.
COMPANY NEWS
NIGERIAN BREWERIES PLC: Audited result for the half year ended 30th June 2008.The Directors are recommending an interim dividend of N1.00 per share. The date of closure of register of members is October 9, 2008 while payment date is October 17, 2008.
LAW UNION & ROCK INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.51 billion as against N1.33 billion in 2006. Profit after tax stood at N311.3 million compared with N164.3 million in 2006. The Directors are recommending a dividend of N0.06 per share. The date of closure of register of members is September 26, 2008 while payment date is October 17, 2008.
GUARANTY TRUST BANK PLC: Unaudited result for the half year ended 31st August 2008 shows Gross Earnings of N57.24 billion, as against N33.01 billion in the comparable period of 2007. Profit after tax stood at N15.7 billion compared with N7.5 billion in 2007.
NIGERIAN BOTTLING CO. PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N39.41 billion, as against N34.13 billion in the comparable period of 2007. Profit after tax stood at N2.22 billion compared with N1.7 billion in 2007.
BENUE CEMENT COMPANY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N4.1 billion, as against N3.1 billion in the comparable period of 2007. Profit before tax stood at N1.5 billion compared with profit before tax and extra-ordinary items of N1.6 billion in 2007.
JULIUS BERGER NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N43.2 billion, as against N34.15 billion in the comparable period of 2007. Profit after tax stood at N930.0 million compared with N690.0 million in 2007.
BERGER PAINTS NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.3 billion, as against N1.1 billion in the comparable period of 2007. Profit after tax stood at N82.6 million compared with N63.5 million in 2007.
UNIC INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N13 billion, as against N1.1billion in the comparable period of 2007. Profit after tax stood at N369.92 million compared with N250.61 million in 2007.
NIGERIAN BAG MANUFACTURING CO. PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N2.9 billion, as against N2.51 billion in the comparable period of 2007. Profit after tax stood at N189.1 million compared with N87.7 million in 2007.
COMPANY FORECASTS
UACN PROPERTY DEVELOPMENT CO. PLC: The Company forecast a Turnover of N11.1 billion and profit after tax of N2.9 billion by year end December 31, 2008.
NESTLE NIGERIA PLC: The Company forecast a Turnover of N15.5 billion and profit after tax of N1.006 billion during the fourth quarter December 31, 2008.
JULIUS BERGER NIGERIA PLC: The Company forecast a Turnover of N66.5 billion and profit after tax of N1.4 billion by the third quarter ending September 30, 2008.
BETA GLASS CO. PLC: The Company forecast a Turnover of N1.8 billion and profit after tax of N200.0 million by year ending October 31, 2008.
NEIMETH INTERNATIONAL PHARMACEUTICAL PLC: The Company forecast a Turnover of N1.2 billion and profit after tax of N103.5 million by half year ending September 30, 2008.

Chukwuma Soludo, governor, Central Bank of Nigeria (CBN), affirmed (as quoted on the pages of businessday newspapers of July 10) that Nigerian stock market is one for the leading five globally. Also, recent analysts report from two globally acclaimed offshore investment banking firms, Renaissance capital and JPMorgan also supports the view that the market is healthy and there is no cause for panic in view of present bearish trend and price volatility.

It is worthy to note that volatility in stock market is a usual phenomenon in all other jurisdictions all over the world hence there is a need for the Nigerian investors to understand and learn to adjust to global patterns. It is expected that after the on-going market driven regulatory corrections, the Nigerian stock market would have easily recognizable global benchmarks and ROIs that are easily correlated with financial statements or forecasted based on published financial statement of public companies (and its thorough analysis).

Definitions of investment gestations would also need to be adjusted as investors must accept the fact that short–term or current investments are for a minimum period of one year and medium-term investments are required to mature within two to three years while long-term investments may take three to five years. This is a sharp contrast to the liquidity propelled situation of Q1, 2008 that herald the market correction in Q3, 2008 2008. Then, short term investments could be as short as one month with ROI of 100% from a stock whose financials have not be updated in the last four years!

In view of the above, and in recognition of the fact that timing is very essential in equity trading; it is expected that the months in which we expect the greatest number of financial statements to be published would retain their status as profit taking months in the years ahead. The major reason why stock prices rally in those months are expectation of corporate actions (that may include declaration of bonuses and/or dividend) and increased sectoral band wagon effect. Although the market is not responding positively to good corporate actions in Q3 and the situation may persist till Q4, 2008, however, it is expected that both ROI and market momentum would be driven by corporate actions and their expectations in Q1 to Q2, 2009 in line with previously established patterns.

Also, it is expected that the uniform year ends for banks would strengthen March as a corporate declaration month as 21 other banks would adjust their year end to December 2008 bringing the number of companies with December as their year end to atleast 145. It is expected that most newly listed companies, (especially Microfiance Banks/non-banking financial institutions) on the exchange are expected to also adopt December for the year end.

A survey of 200 actively traded stocks on the exchange reflects that 63% of listed stocks have their year end in December, 19% March while the others months have 18%.


For moe information contact ogunyemi@gmail.com/08056259633 (SMS only)

Goodday , for teh question on wema, investors should not panioc sell, the suspension may soon be lifted , the stock would dip because fo panic selling and rebound almost with the same rate at which it dips.

for no in the next 6 month i would stand by FBN, FCMB, GTB, Sterling and skye in that order.

for more info, as usual ogunyemi@gmail.com

Studentetc thanks for that Bonga Map -- the Navy should pls add that to the stock in theit map room. Surely, it is such a wide range and the attack as a great surprise.

Vikiviko and others thaks for teh contributions.

I am optimstic that the FG would start putting inftrastuctures inplace in Niger Delta region soonest and teh comming summit would give a measure of respite and peace some chance.

I feel the Abacha style Nigeria experienced is about to recur in Zimbabwe: history has a way of repeating itself!

thanks rukves for the update on Daar certificates.

Regards

http://members.msn.com/dklickstudio@hotmail.com

More warships for Niger delta, more probes in Niger delta state govt treasury's, massive development of infrastructures by FG from excess crude account in line with Niger delta master plan (Niger delta master plan must have been implemented to 40% scale before any military action or JTF presence can be justified byFG. Only recently JTF APC fell into a ditch - I am sure the driver was only reckless even though that road is likely to be as deplorable as Lagos to Benin road) with equity contribution from state and local governments oil companies should be more transparent in recruiting in Niger delta (Shell just did mess with SITP - I bet tat process could have enlisted 100 more militants from aggrived applicants that were enied level playing field in the recruitment process) with specified quota for indigienes, militants to sheath their swords and surrender with guaranteed amnesty or get caught and tried or at worst bombed in the creeks.

The NAVY should block arms inflow through the high sea else Heads should roll. Massive Naval operations to cut off supplies is necessary, with teams of warship and patrol boats in inestimable numbers - even if it is for a short week and on loan or lease supply, with strategic amphibious attacks on previously identified black spots (what is the function of SAT 1 and NARSDA if they cannot spot human/arms movement's creeks and they are bidding for Telecoms license - someone needs to ask the Security Attache in NARSDA what his job specifications are and why he/she should be retained at tax payer's expense).

If Militants can hijack FPSO that is a bad signal for National Development. While, military options is not a sustainable way forward it is needed at this material moment so as to allow the Militants re-assess their negotiating power before all and sundry agree to get back to the discussion round table. Blasting Bonga is quite unacceptable by any standard and the FG must stamp their feet with authority in a way that would stop militants from making further damages to the economy and the country's economic goodwill.


I learn some militants forcefully took skye bank recruitment test - I feel their pains and frustrations, I empathize with them but the only weapon that I know that fights better than Gun is the pen.

Should they be ready to fight by the pen - i would willingly volunteer within their service. When Guns clash, even the victors can't claim victory! Someone needs to tell them no war ever ended with a clear winner, not even desert storm.

Even, while they are unaware or pretend to be ignorant, several erudite scholars and intelligent professionals, including fire brand legal luminaries have genuine affiliations for the cause for which the militants are fighting without necessarily identifying with their attacks/strategies, hence the wide spread media awareness on anomalies in Niger delta and pressure on FG to make amends. Peace and reconciluation strategies by the FG, though slow paced is quite impressive; blasting more installations, would never sway arguments in their favour and I doubt if the have the fie power to confront the State if and when the state is ready to employ the fire for fire option!

More warships for Niger delta, more probes in Niger delta state govt treasury's, massive development of infrastructures by FG from excess crude account in line with Niger delta master plan (Niger delta master plan must have been implemented to 40% scale before any military action or JTF presence can be justified byFG. Only recently JTF APC fell into a ditch - I am sure the driver was only reckless even though that road is likely to be as deplorable as Lagos to Benin road) with equity contribution from state and local governments oil companies should be more transparent in recruiting in Niger delta (Shell just did mess with SITP - I bet tat process could have enlisted 100 more militants from aggrived applicants that were enied level playing field in the recruitment process) with specified quota for indigienes, militants to sheath their swords and surrender with guaranteed amnesty or get caught and tried or at worst bombed in the creeks.

The NAVY should block arms inflow through the high sea else Heads should roll. Massive Naval operations to cut off supplies is necessary, with teams of warship and patrol boats in inestimable numbers - even if it is for a short week and on loan or lease supply, with strategic amphibious attacks on previously identified black spots (what is the function of SAT 1 and NARSDA if they cannot spot human/arms movement's creeks and they are bidding for Telecoms license - someone needs to ask the Security Attache in NARSDA what his job specifications are and why he/she should be retained at tax payer's expense).

If Militants can hijack FPSO that is a bad signal for National Development. While, military options is not a sustainable way forward it is needed at this material moment so as to allow the Militants re-assess their negotiating power before all and sundry agree to get back to the discussion round table. Blasting Bonga is quite unacceptable by any standard and the FG must stamp their feet with authority in a way that would stop militants from making further damages to the economy and the country's economic goodwill.


I learn some militants forcefully took skye bank recruitment test - I feel their pains and frustrations, I empathize with them but the only weapon that I know that fights better than Gun is the pen.

Should they be ready to fight by the pen - i would willingly volunteer within their service. When Guns clash, even the victors can't claim victory! Someone needs to tell them no war ever ended with a clear winner, not even desert storm.

Even, while they are unaware or pretend to be ignorant, several erudite scholars and intelligent professionals, including fire brand legal luminaries have genuine affiliations for the cause for which the militants are fighting without necessarily identifying with their attacks/strategies, hence the wide spread media awareness on anomalies in Niger delta and pressure on FG to make amends. Peace and reconciluation strategies by the FG, though slow paced is quite impressive; blasting more installations, would never sway arguments in their favour and I doubt if the have the fie power to confront the State if and when the state is ready to employ the fire for fire option!

More warships for Niger delta, more probes in Niger delta state govt treasury's, massive development of infrastructures by FG from excess crude account in line with Niger delta master plan (Niger delta master plan must have been implemented to 40% scale before any military action or JTF presence can be justified byFG. Only recently JTF APC fell into a ditch - I am sure the driver was only reckless even though that road is likely to be as deplorable as Lagos to Benin road) with equity contribution from state and local governments oil companies should be more transparent in recruiting in Niger delta (Shell just did mess with SITP - I bet tat process could have enlisted 100 more militants from aggrived applicants that were enied level playing field in the recruitment process) with specified quota for indigienes, militants to sheath their swords and surrender with guaranteed amnesty or get caught and tried or at worst bombed in the creeks.

The NAVY should block arms inflow through the high sea else Heads should roll. Massive Naval operations to cut off supplies is necessary, with teams of warship and patrol boats in inestimable numbers - even if it is for a short week and on loan or lease supply, with strategic amphibious attacks on previously identified black spots (what is the function of SAT 1 and NARSDA if they cannot spot human/arms movement's creeks and they are bidding for Telecoms license - someone needs to ask the Security Attache in NARSDA what his job specifications are and why he/she should be retained at tax payer's expense).

If Militants can hijack FPSO that is a bad signal for National Development. While, military options is not a sustainable way forward it is needed at this material moment so as to allow the Militants re-assess their negotiating power before all and sundry agree to get back to the discussion round table. Blasting Bonga is quite unacceptable by any standard and the FG must stamp their feet with authority in a way that would stop militants from making further damages to the economy and the country's economic goodwill.


I learn some militants forcefully took skye bank recruitment test - I feel their pains and frustrations, I empathize with them but the only weapon that I know that fights better than Gun is the pen.

Should they be ready to fight by the pen - i would willingly volunteer within their service. When Guns clash, even the victors can't claim victory! Someone needs to tell them no war ever ended with a clear winner, not even desert storm.

Even, while they are unaware or pretend to be ignorant, several erudite scholars and intelligent professionals, including fire brand legal luminaries have genuine affiliations for the cause for which the militants are fighting without necessarily identifying with their attacks/strategies, hence the wide spread media awareness on anomalies in Niger delta and pressure on FG to make amends. Peace and reconciluation strategies by the FG, though slow paced is quite impressive; blasting more installations, would never sway arguments in their favour and I doubt if the have the fie power to confront the State if and when the state is ready to employ the fire for fire option!

Nairalanders,

Please kindly suggest way out of the political comedy tat may soon turn epic as it unfoldsin Zimbabwe. What roles are expected of AU, what changes are likely from the Mbeki's lack lustre diplomacy in time past particularly bearing in mind the fact that Mandela outrightly condemned the melodrama.

Sixth term for an aged old fellow, medically experts comments are required on his ability to lead a nation that used to be global food basket in sub saharan Africa. What are the economic implications of this personal or national misconception.

What efforts can we make as Nigeria (FG), Nigerians and Nairalanders in ameliorating the plight of a struggling Zimbabwean and strengthen the opposition.

If there is a memo to that effect , then this is no longer at the level of hoping.

I wish another Gani would arise and move to the courts seeking to compel the minister to retire how the money was spent and establishing the legality or otherwise of such a contribution.

How many ears do you have POSTER , go with Zenith. A word is enough for the wise, unless you want to be a warrior! I guess you need not be one to earn fat checks in Nigeria, just a few tactics and technical know-how! The good side is that a brief mention of ACCESS on your CV (even at training school level) may get you a job in several Nigerian companies, including multinationals - if you can work in Access successfully, you can work in the Space Lab!.

The bad side is that Access is not family friendly and encourages multi-tasking to extreme levels!

My sister once worked in Access, I practically have to do the cooking for her each day she comes back from work worn-out! I just cannot bear the slavery, sometimes they don't even make it optional!

I asked a friend why everyone in Access is overworked and he replied , I am just earning my pay checks and jetting out each day - this is not a JOB!

try to speak to friends in oceanic also, u can hand them your oceanic number!

info@heworldrecruitment.com

pls what is addecos website

this is worth a try!

for a good stockbroker contact madeonline@ymail.com

Reasons why stock portfolios are RED

By

Ogunyemi@gmail.com

Dear Investors,

Below are five reasons, (in my opinion) why the Nigerian stock market is going southwards and may continue in that trend or around such till August or thereby. These are obvious time to BUY, however one must endeavour to make informed buys as would soon realize.

1. GOVT. FISCAL POLICIES
MPR was raised from 9.5%to 10% in April - interest rate caps was removed/deregulated previous month and Feb was the month with the least cash in circulation in this year. In summary, the government put in place machineries (fiscal policies) to mop excess liquidity that caused the liquidity driven run in Q1.

2. DELAYED NATIONAL BUDGET APPROVAL
This has also further reduced liquidity in the economy - and while the budget was being delayed several reforms took place nationide that have great impact on utilization of FGN disbursements. The proposal that disbursements should be tied to specific projects, implementation of NEEDs and SEEDs programmes in many states, the sweeping era of probes, efficacy of EFCC/ICPC, persuasive pressure on banks to translate huge paper profits to poverty eradiation steps in real sector or via PPP programmes/projects, renewed focus on microfianance/SMEs, implementation of DMOs policy on compulsory bonds backed loans by FG/State/LGS among other issues might have made monetary discipline popular across the nation. The effect of such is that the capital market does not respond to FG allocations as sensitive as in the days of "Ghana Must Go!".

3. GLOBAL FOOD CRISIS
The global food crisis undoubted shifted financial attention from capital/money market to infrastructural development, policy development, agriculture and developing of sustainable strategies for curtailing the crisis. The crisis has since been linked to rising oil prices while government has learnt/is learning to maximize excess oil funds having realized the opportunity cost. Only recently about 80 billion naira was allocated for purchase or rice to avert future shortages. The trend is likely to continue until the price of oil is arrested and/or global harvest periods/Asian cyclone shock and food shortages are over.

4. SEC/NSE REGULATOR INDUCED MARKET CORRECTIONS/SANCTIONS
Aftermath of baseless price movements on the floor of NSE and allegations of price manipulations, SEC sanctioned some companies and began intensive review of regulations. Eventually, a new regulation was introduced that put an end to baseless price movement and the market is yet to adjust to nor fully understand the implications of that rule: only stocks that have over 100000 units sold would move either up or down on a trading day as compared o 15000 units hitherto applicable. This suggests that only relatively highly capitalized stocks with strong fundamentals would consistently move up in price while "lukewarm' stocks would require more than miracle to move either up or ROIs of over 100% in Q1 - what a way to cage the bears posing as "bulls".

Market response to the above rule is the most obvious reason why the market is southwards - the most capitalized stocks are at advantage and once the are declining the market index also decline - note correlation in price of FBN and market index since early April. This trend also led the market to correct itself and several stocks without strong fundamentals may not rising or give inexplicable ROIs after the market correction. Most penny stocks with limited outstanding shares are also likely to dilute or split their equity structure to make the stock more fluid so as to attain the daily minimum 100000 unit trade for

5. IMPLICATIONS OF BORROWED FUNDS (MARGIN ACCOUNTS), FDIs & PROFIT TAKING From NSM
Analyst have opined that 80% of funds in NSM are borrowed funds and the origin of massive infusion of borrowed funds into capital market as the FBN PO of 2007 which as oversubscribed by 800billion naira. The tenor for most of the borrowed funds that were locally sourced is one year - May/June this year and investors are netting off their stock accounts to find their facilities/margin accounts.

Regulators have not out rightly banned margin accounts however market operators are reassessing the suitability of margin facilities for retail investors in the light or recent developments since most beneficiaries were not able to break even with retail portfolio. Investors have also realized the little or no risk position of margin facility providers with their rigid growth/matured-stock-only margin finance options and this has also created a measure of discouragement/investor confidence in infusing borrowed fund into the system. Most leading banks and margin facility providers also had cause to call back heir funds a they closed their books for the Dec 31 2007 and March 2008 year ends.

Also Foreign Direct Investors with strong market analytics too profit after the market dipped downwards on March 5 to make up for losses incurred in their local markets. The rising price of oil and gold ha dollar slips downwards globally has also opened new haven for speculative global investors and might have reduced influx of FDIs while global decline in stock markets pains a less attractive outlook for equity/securities trading.

The effect of delays in allotment and over subscriptions to public offer, cancellation of preferential allotments and challenges/cost of return monies have equally eroded investor confidence locally and international and has compelled both regulators and operators to urgently see methodologies and technologies to support the fast growing challenges.

WAY FORWARD
The is a need for investors, particularly those with portfolios structured by technical analysis, to do portfolio valuation and realignment/re-mix with priority given to fundamental analysis as the market may respond largely to market fundamentals only for a couple of months after sustained rebound.

Jimoh Uche had this online chat with Taliban in America and it may concern you as a Nigerian. Endeavour to laugh if off while waiting for a follow up action. Jimoh had requested an unreserved apology from Taliban and your views on the discussion is welcome.

Regards.

Jimoh!


Taliban in America: who r u
Patriotic Nigerian: Jimoh Uche
Taliban in America: from where??
Patriotic Nigerian: Nigeria
Taliban in America: oh scam people
Taliban in America: i need only fucking
Taliban in America: if u interested then go ahead
Patriotic Nigerian: ok
Patriotic Nigerian: i am interested in business all forms of business so long as i make profit
Taliban in America: but i need only fucking
Patriotic Nigerian: well that is a business too
Patriotic Nigerian: i can offer to mess you if you would pay handsomely
Taliban in America: show me live
Patriotic Nigerian: in business strategies i try hard not to loose
Patriotic Nigerian: where are you?
Patriotic Nigerian: i am not into “web shit”
Patriotic Nigerian: i am for real businesses
Taliban in America: show me your pussy then
Patriotic Nigerian: i just told you i don’t do web shows
Patriotic Nigerian: real life shows
Patriotic Nigerian: bring your privates to Nigeria and you get what you want at a cost
Taliban in America: but before that i want to see u live
Patriotic Nigerian: by the way I am male i better delete u off my list since you are not on the same page with me
Taliban in America: no way to come to Nigeria and get trapped
Patriotic Nigerian: well if you want to get trapped u could be trapped just anywhere in the world not only in Nigeria
Taliban in America: good
Patriotic Nigerian: the floods in California trapped a few people
Patriotic Nigerian: the earthquake in China trapped many others a
Taliban in America: nothing in Saudi Arabia
Taliban in America: o its the land of Almighty Allah
Patriotic Nigerian: as we speak some are trapped by political cramps in Zimbabwe and the euphoria of worldcup 2010 and xenophobic riots traps some other in SA
Patriotic Nigerian: all thanks to Allah!
Patriotic Nigerian: however am sure if you go messing around with your privates in saudi you are likely going to be strapped and trapped under the hang man's nose!
Patriotic Nigerian: believe
Patriotic Nigerian: Never you call Nigerians scam people

The person posting is not anonymous and is using an official email for the sake of "internet thomases" as above.

I advise any OND job applicant to apply - afterall a trial is not crime and it is just a click of a botton away. Again Kimberly is a reputable consulting firm. I am certain no one would ask you for a kobo to write kimberly test.

Thanks Afam for the information.

I would review and revert.

REgards.

Dear Mutual Fund promoters (ARM, CORAL, IBTC, etc),

Thanks for the wonderful and educative write ups in here. I am glad to read them all. I would appreciate if you could avail me with the price movement data (Quotation) of these funds for me to make my indepenent analysis via madeonline@gmail.com.

I am encouraged by your figures, and would love to examine the facts behind the figure if given a chance. You can all count on my patronage. I would be mailing you soon.

REgards.

I doubt, but guess it cld be done by posting the letter but that wld not get it done fast

Because the registrars are almost burried in papers as we speak now. They work shifts, with foams in last floors in their offices, yet they cannot "overpower" the doucments!

I guess we have to bear with them and ensure that we have regular signatures and proper documents in place before sending our documents through our brokers.

We could also ask our brokers for scaned copies of our "CDF" and get across to registerars electronically. It is faster.

write a correction/change of name ltter and take it person to FBN registrars In Ignamu LAgos wih evidences or ID cards and CSCS statement relfecting the corect name. Regards

Nice decisions, one can only hope it is strong enough to avert future occurence.

Man Jiro my copy of aptistock software wont just work again i wanted to transfer to flahs and give to some concern partners. pls link me to a share link where i can pick a good copy. I kept going back to the site to downlaod all to no avail.

i wld read up your last post and act accordingly. thanks