Born2berich:


Buy oando and go to sleep. Make sure you do your due diligence.

myjoy08:


I will choose Transcorp, Oando (But wait a bit), Access, and UBA. And to choose 3...

I will choose...

Access
Transcorp
Oando

inviix:


why do you say wait?

myjoy08:


Sir, that is my own opinion. Am trying to help but at the same time ur final decision rest on YOU. You can buy in tranches on the other hand...

inviix:


Yes I totally understand. Just thought there was a situation you're privy to which I needed go factor in before I make a decision.

Thanks prophet

bigass:

nobe when e ready dem go release am? why am i reply for CILeasing. I no dey d train

myjoy08:


I will choose Transcorp, Oando (But wait a bit), Access, and UBA. And to choose 3...

I will choose...

Access
Transcorp
Oando

myjoy08:

Sir, i don't think so but i will seek for a precise response to your question from some Oga at the top lol . I assume it applies to market marker only

passwelle:

cc: EZEIGBO1OFIMO
Like my Oga has stated above, you are not allowed to "go short" strictly speaking. However if you have position in a stock, which you really want in your portfolio and you sense it will head south, you can definitely sell to re enter at a lower price.

EZEIGBO1OFIMO:
ok, thanks. Do you have anything on "Market makers"

myjoy08:


I will choose Transcorp, Oando (But wait a bit), Access, and UBA. And to choose 3...

I will choose...

Access
Transcorp
Oando

Joysmart:

myjoy08:



...Keep your eyez on daily trade of penny stock and differentiate them by the volumes. Remember Ikeja Hotel from 0.61Kobo to 4 Plus(naira). We are making money this year (Facts). Do your due diligence and your personal decision is final

Joysmart:
SWG1 is currently banned so he asked me to help him shine five teeth

Joysmart:
I had a nice time with a bitl today mehn it's such a great feeling when a virtual brother suddenly turns real. I'm still feeling good

mercylicious:
So swg1 and joysmart has taken it to another level behind closed curtains?
Don't say I told you oooo

ihedioramma:
just name the penny stocks i all do my d d.

FBN Holdings says the company has proposed low dividend for the 2014 financial year to enable it to beef up its capital and meet the Central Bank of Nigeria’s Basel II capital requirements.

The Group Managing Director, FBN Holdings, Mr. Bello Maccido, who stated this at the group’s ‘Facts Behind The Figures’ presentation on the floor of the Nigerian Stock Exchange on Wednesday, said the option was necessary to avoid filing for recapitalisation in a bid to meet up with the Basel 2 requirement.

According to him, the company has no plan to raise tier 1 capital within the next 12 months owing to low market liquidity, depressed valuation level and significant dilution risk to existing shareholders.

He said the capital position of the Group was being enhanced through increased profit retention and interim recapitalisation of profit.

Maccido also said that one of the factors that impacted the Group’s business was the oil price decline, while noting that the bank was doing everything to tackle the development.

“Oil price decline was a major impediment and it really impacted on our business and in addressing this, we have put in place a rigorous stress test on credit facility structures for upstream customers to protect against oil price shock

He added that hedge contracts were also in place to provide secondary protection, while there was likely extension of loan tenors to align with reduced crude oil receipts.

The bank has also put in place a continuous performance monitoring of upstream transactions and proactive remediation strategies in place.

The Group Managing Director, First Bank Nigeria, Mr. Bisi Onasanya, said the lender was performing well despite the challenging business environment.

“A lot of our peers have gone down to close some of their non-profitable branches. We can provide banking services without gigantic structure. Technology will be used and we intend to migrate them to internet banking. What we are doing is to bring down our cost”, Onasanya said.

mercylicious:
Fhemmy, I need a Lexus RX350 or 2010 Rav4.
Please what is the range- landing, clearing and full papers inclusive.

mercylicious:
Fhemmy, I need a Lexus RX350 or 2010 Rav4.
Please what is the range- landing, clearing and full papers inclusive.

Joysmart:
mehn my people can dig ooo I don laugh sotee

carpenter:
For those who are interested in a dividend paying stock with little upward or downward movement, you might want to invest in Real Estate Investment Trust (REIT). There are a number of them and I have some shares in UPDC REITs for about a year now, they paid 87kobo per share in FY 2014 (56k interim and 31k final). Dividends are also exempt from tax, so you don't lose 10% of the dividends to the government.

This might also help...http://www2.deloitte.com/ng/en/pages/tax/articles/inside-tax-articles/are-tax-exemptions-available-to-REITs-in-Nigeria-untapped.html

post=33501566:
Ashaka Cement Posts N4.5bn Profit Despite Insurgency
Segun Adeleye
— May 7, 2015 5:30 am | 1 Comment
Despite the disruption of the company’s activities by insurgents in 2014, Ashakacem Plc has posted a profit of N4.566 billion as profit in the last financial year, just as it paid N4.5 kobo dividend on every ordinary share held, representing 7.1 per cent increment on that of the previous year.

The company, located in Gombe State, North East of the country, had its production activities disrupted by insurgents suspected to be the Boko Haram.

The chairman of the board, Mallam Suleiman Yahaya, who stated this during the firm’s 40th Annual General Meeting (AGM) in Abuja, yesterday, said the performance was made possible despite the loss of a whopping N2.5 billion to insurgents on its facilities towards the end of last year.

He said the incident nearly led to the shut down of the plant as more than 500 workers fled the facilities, thereby forcing the management to scale down their operations. He, however, assured that the company was ready to partner with the federal government to redevelop the North East region, notwithstanding the loss it suffered.

He said, “Two insurgency attacks suffered by the company in November and December 2014 greatly affected the operation of the company and up until now, nobody knows the intention of the attackers. The management is, however, gradually restoring normal operations in the plant. The federal government has designated the plant a National Strategic Asset with about 400 security personnel providing security to prevent another attack.”

He pledged that the firm will collaborate with the incoming administration of the president-elect, General Mohammadu Buhari, to restore peace and meaningful development in the area as well as bring down the cost of cement in the interest of the masses.

Yahyah said, “Ashakacem will rally the support of the Buhari administration for the reconstruction of the North East economy and that of Nigeria in general. We will continue to provide leadership and innovative ideas, especially in the area of infrastructure and agriculture.”

The chairman explained that the company recorded a total comprehensive income of N5 billion in 2014, compared to the N2.6 billion it recorded in 2013. He said the company planned to invest in a significant expansion of its cement production capacity to four million metric tonnes from its current approximately one million metric tonnes, partly with internally generated funds.

The managing director/chief executive officer of the company, Leonard Palka, attributed the 84.5 per cent increase in profit before taxation over last year to cost efficiency, good performance, employee motivation and staff engagement.

He said the firm had been participating in the economic growth and development of Nigeria, particularly in the North East where it is located.

Meanwhile, the shareholders on the occasion, ratified the appointment of Yahyah as the new Chairman of the Board, as well as Messrs Anders Kristiansson; Rabiu Umar; and Edith Oneucheka as non executive directors.

post: Ashaka Cement Posts N4.5bn Profit Despite Insurgency
Despite the disruption of the company’s activities by insurgents in 2014, Ashakacem Plc has posted a profit of N4.566 billion as profit in the last financial year, just as it paid N4.5 kobo dividend on every ordinary share held, representing 7.1 per cent increment on that of the previous year.

The company, located in Gombe State, North East of the country, had its production activities disrupted by insurgents suspected to be the Boko Haram.

The chairman of the board, Mallam Suleiman Yahaya, who stated this during the firm’s 40th Annual General Meeting (AGM) in Abuja, yesterday, said the performance was made possible despite the loss of a whopping N2.5 billion to insurgents on its facilities towards the end of last year.

He said the incident nearly led to the shut down of the plant as more than 500 workers fled the facilities, thereby forcing the management to scale down their operations. He, however, assured that the company was ready to partner with the federal government to redevelop the North East region, notwithstanding the loss it suffered.

He said, “Two insurgency attacks suffered by the company in November and December 2014 greatly affected the operation of the company and up until now, nobody knows the intention of the attackers. The management is, however, gradually restoring normal operations in the plant. The federal government has designated the plant a National Strategic Asset with about 400 security personnel providing security to prevent another attack.”

He pledged that the firm will collaborate with the incoming administration of the president-elect, General Mohammadu Buhari, to restore peace and meaningful development in the area as well as bring down the cost of cement in the interest of the masses.

Yahyah said, “Ashakacem will rally the support of the Buhari administration for the reconstruction of the North East economy and that of Nigeria in general. We will continue to provide leadership and innovative ideas, especially in the area of infrastructure and agriculture.”

The chairman explained that the company recorded a total comprehensive income of N5 billion in 2014, compared to the N2.6 billion it recorded in 2013. He said the company planned to invest in a significant expansion of its cement production capacity to four million metric tonnes from its current approximately one million metric tonnes, partly with internally generated funds.

The managing director/chief executive officer of the company, Leonard Palka, attributed the 84.5 per cent increase in profit before taxation over last year to cost efficiency, good performance, employee motivation and staff engagement.

He said the firm had been participating in the economic growth and development of Nigeria, particularly in the North East where it is located.

Meanwhile, the shareholders on the occasion, ratified the appointment of Yahyah as the new Chairman of the Board, as well as Messrs Anders Kristiansson; Rabiu Umar; and Edith Oneucheka as non executive directors.