₦airaland Forum

Great NPF! They are not truly aware because they are dogs that respect his/her owner. DSS are not aware as well, despite all the publication and no institution has complaint about blackmailing by any of the media house. DSS only heard rumors about data capturing center of APC, and the center was invaded. Shameless people

this man should have look elsewhere to train himself on howv to contribute to political issue. Even his Oga de always overlook Lagos.

the spirit of this man that ought to be resting will be launched into trouble. I am sure he can't support party system that Can't count 1-100 successfully

Anyone that love this men should tell them that their waiting period has no end. If Lagosians are tired of APC, PDP is not the alternative.

pacifique:
OBJ is gradually returning to PDP. Lets watch out

under ground apology might have taken place

Obiagelli:
Just when i was thinking 2015 will be the most peaceful election.

for your mind?

Mpeace:
Who'll buy my daar coms. The sttock has potentials and will certainly go places. They hv plans to give out bonus shares(can you beat that?) THIS IS ACTUALLY A BUY RECOMMENDATION. I NEED CASH TO ENTER MARKET.

I think placeses should be the right word, why not try IAI or union diagnostic.
moreover why do you have to sell, you no wan go places?

@ evil spirit who open the gate for you to come in

Time for the big boys to chop, e go sweet my belle if Transcorp can bid and win Muritala Mohammed airport.

AdimGreat:
I heard Transcorp Hilton announce the sale of their Shares. I don't know how but as soon as the advert for the sale was made I just realized that I don't have any form of investment.
I don't earn much (for now), but I really want to invest on something no matter how small. I can't continue chopping my salary like that

So, I'm considering investing in Shares and I need the advice of the investment gurus/financial experts here.

Do you still buy shares?
How reliable are investments in shares in this present day economy?
Are there some companies you'd advice one to buy or not buy shares from?

THP is not the only stock on the exchange, if you can do your due diligence you can still swim along with the big boys. Check this out on investment education on shares www.nairaland.com/1131485/nigerian-stock-exchange-market-pick

ogedanny:
I am looking the investment potential of transcorp Hotel plc following the growth potential of their parent company transcorp plc. is it worth buying?

i am very sure no one will advise you either to buy or not to buy. But you have to put a lot into considerations. How much is the parent company? How much is the THP? Mind you it is an arm of the parent company, though one of the backbone of the parent company. But cant stop you from buying cos you might be seeing what I am not sawing. But for more knowledge on investment in shares visit www.nairaland.com/1131485/nigerian-stock-exchange-market-pick

stokfrick: bnsitl. hw com u guys did not notice stockbul is missing!- little wonder d bears.

chinicole: welcome back stockbull,
please dont leave us again for this long.

In the multitude of prophets,some of us still wait to hear your voice.

stokfrick: bnsitl. hw com u guys did not notice stockbull is missing!- little wonder d bears.

thanks for your post that has brought back our grand pa in the lord

He will also have to wait come 2015 till 2019 and later move to another party. Or he can launch his own party and contest as president to see how easy it is

Impossible is possible but with ammunition

Impossible is possible, but with what ammunition

no wonder uncle Tony Elumelu and transcorps de eye Lagos

itsIYKE: I wan sell this space shaa,.for Jst a kiss u can be the second to comment u ve always dreamed of,,., Where ar the gals let's get dis deal done

The fear of Ebola is the beginning of ....
If the kissing is a must, a plug electronic pressing iron is available

Did he ever think he could win the election, and did pdp think of winning it. Truly what happened in Ekiti was what happened in Osun, but pdp never know till date.
In Ekiti people voted for their choice not the party and same happened in Osun. I will advice both pdp and their aspirants to prepare and look for a better candidate in four years to come

mercylicious: @feelamong, it means dt d bottom is now out and has turned to big -arse.

bottom out.

Madam! I thought you were on a break, if no one knows that you have begin ur beans storage business I know that you have started it.

@all I am an nce holder, with d7 in my o level result but credit in gse, can still get admission into the school de program, if yes what are the criteria and procedures?
Also how relevant or acceptable is the school result?

www.knightofdelta.com/2014/09/navigating-nigerian-stock-exchange.html?m=1

The Nigerian Stock Exchange:
Elections Loom
The Nigerian Stock Exchange All Share Index
(NSE Index) has been quite volatile in the first
eight months of 2014. The first quarter was
full of intrigues especially with the suspension
of the erstwhile CBN Governor, Lamido
Sanusi.
The chart below shows the performance of
the NSE Index over the past one year.
The Index experienced a bullish run in the
last quarter of 2013, then took a breather
and resumed in the second quarter of 2014.
However, it looks as if the market has started
taking another breather. Now, the question
on every stock investor's mind is this: what is
the way forward?
As we all know, nobody can accurately predict
what the market will do tomorrow, but there
are pointers, and other variables, that can tell
us what to expect in the near future. The
market doesn't always respond to these
variables, but as investors, we need to device
strategies to help us determine the way
forward in optimizing our portfolios.
So this is the time to insert a caveat: what I
am going to write about is just my opinion,
and the strategy I intend to deploy in
managing my personal portfolio.
Over the past one year, the NSE Index has
gained 13.4%, largely because of the bull
runs evidenced in the chart above; however,
the market has actually lost 0.29% year to
date. That is a brief review of the
performance. So, how does this all stack up?
Let's dig in a little deeper into the numbers.
The Nigerian stock market has the largest
share in the MSCI Frontier Markets Equity
Index, at least until Saudi Arabia is added.
Strangely, the NSE Index is cheaper than the
MSCI FM Index. The NSE Index has a price to
earnings ratio (PE) of 11.9x, but the MSCI FM
Index has a PE of 13.9x. While the NSE Index
has a price to book value (PBV) of 2.4x, the
MSCI FM Index has a PBV of 2.8x. And lastly,
the NSE Index has a return of equity (ROE) of
19.4%, while the MSCI FM Index has an ROE
of 16.5%. On a relative basis, the Nigerian
market is looking cheaper than the stock
exchanges in other frontier markets. If the
NSE Index is stripped off from the MSCI FM
Index, the difference in valuation will actually
become much wider because of the weight
that Nigeria occupies in the Index.
Now, I decided to take a closer look at other
stock markets across Africa, and my findings
were startling. Nigeria looks undervalued
compared to the other markets across Africa.
South Africa
PE - 15.4x
PBV - 2.2x
ROE - 15.1%
Kenya
PE - 12.5x
PBV - 2.5x
ROE - 28.4x
Ghana
PE - 13.1x
PBV - 1.3x
ROE - 13.2x
Dow Jones
PE - 15.1x
PBV - 2.5x
ROE - 18.3%
Apparently, the NSE Index is quite cheap at
this time. But is this the right time to plunge
into the market? I don't think so, because I
believe the market is still going to become
much cheaper than it currently is.
Inflation currently stands at 8.2%, but the
minimum yield on Nigerian Treasury
investment is 10.2%. That is a minimum of
200 basis points real returns on fixed income
investment. Why should investors plunge into
the stock market when they can get to
preserve the purchasing power of your funds
at zero risk? Another reason why I believe the
market will still become cheaper is the
current volatility the NSE Index has displayed
so far. The weekly standard deviation of the
NSE Index over the past one year stands at
1.95%, while that of the FGN 2022 Bonds
stand at 1.08%, which means that the stock
market is still quite volatile and this volatility
is likely going to drive it down a little further
than current levels.
Another major concern for the stock market
is election fears. The presidential elections is
less than six months away from now. A lot of
politicians would be keeping liquid cash at
the moment to fund elections, and this may
make them to sell down assets to meet up
with electioneering needs. With rising
liquidity will come rising inflation, and in
order to curb this inflation, the Central Bank
may be forced to tighten liquidity by
conducting more frequent open market
operations (OMO auctions). Frequent OMO
auctions may force interest rates to rise
further from current levels, and thus increase
the real returns on investment for fixed
income.
A lot of investors are also likely to stay by the
sidelines until the elections are over, and this
will lead to reduced appetite in the stock
market over the next six months. The stock
market is not likely to decline in a straight
line; I expect a little bump towards the end of
2014 and early 2015, before it continues its
downward trend until the elections are over.
The outcome of the elections will also
determine how soon the stock market would
recover. If the incumbent government is
returned, I expect the market to trade
sideways for a few weeks that may last up to
six months before a massive rebound. This
sideways will be informed by the traditional
noisemaking that will be made by the losing
side(s). If, however, there is a change in
government, the market is likely to
experience an immediate decline as market
participants take off to examine the policies
of the new government, and the recovery may
not happen for at least one year. The return
of the incumbent will guarantee a continuity
in policies and the market will react positively
to this.
The last question is the likely impact of
terrorism in the North Eastern part of the
country. I believe that this threat will be
contained just before or immediately after
the elections in February 2015, and the
chances of a degeneration into an upheaval of
the general economy is less than 0.05%.
In summary, despite the cheapness of the
Nigerian stock market, I am going to tactically
remain underweight for the next six months.
But this does not preclude me from cherry
picking some very juicy opportunities as they
emerge.

kotlass: In the present arrangement, shareholders of Transcorp plc have no business with monitoring the price of Transcorp Hotels plc after it has been successfully listed. Their concern should be the sound management of this subsidiary such that it translates to incease in profit margins of the parent company. Those planning to buy the IPO will be saddled with the task of keeping vigil for the price on the NSE.

In other news,Transcorp is following on the heels of Oando- a very complex company structure.

we already know that transcorp hotel is coming to float an ipo of 800 000 000 unit of it shares, is there anyone with the idea of what the os will be? And what fraction of it belongs to heirs holdings and what amount is heirs contributing separately?

paulcube: someone once said 15 few weeks back... no one asked for source..
Later, someone said 22, no one asked for source...

That was why I asked, cos until it gets the right approval majority will not believe.

Dexterax: If your 'legal team' is competent, they should start by asking you whether Twitter communications are contractual in nature and whether you can provide evidence that Wale typed what it is alleged he typed.

Sir Dexterax!

chykeking: Bsntl. Oando right issue @#15. What's d implication?

source please

Dexterax: Hehehe. Well I'm not sure why they always respond promptly when they see my caller ID.

why wont they pick your calls? even other customer care agent won't open their eyes before doing so. Who will want you to destroy their firm with your grammar. Prof. Of Stat

Dexterax: Hehehe. Well I'm not sure why they always respond promptly when they see my caller ID.

why wont they pick your calls? even other customer care agent won't open their eyes before doing so. Who will want you to destroy their firm with your grammar. Prof. Of Stat

Nigeria we hail thee, which one seems better, local or foreign publisher? Which method was adopted in the past, what was the level of success recorded and what was the cost implication?
Since INEC already knew the time frame at hand, what have they been doing all this while

Elai147: that guy no get shame and doesn't give a fck

Born2berich: What do you expect from a scammer before? He doesnt give a fck and he isnt ashamed of his old age.
It is a big shame that he even lied to the only chairman in this forum.

Elai147: that guy no get shame and doesn't give a fck

BNSITL be your brother's keeper, let's try to buy him one for balogun market

taiwolola: Cane Corso Puppies for sale.
Parents were imported
DHLPV vaccine; one shot taken already
9weeks old
Female and Male are still available
N200,000 each. Call 08034331920 if you are interested

I am interested, can they guide against death, accident and diseases?

4dchairman: "...It will be released IN sept. 1" Please is there any other interpretation of this statement.

yes boss, if the result is not released btw now and 11:59, then this must be put into consideration '' For a thousand years in ur sight are like a day that has just gone by, or like a watch in the night'' Psm 90:4. Which means O boys are using heavenly calendar