dadem:


Boring...focus on forging your relationship ihedi, chibuking and your likes, i'm one of those people who don't take you seriously.

angelo82:
There is one Yoruba prayer which says ''Never enter the same bus with an unfortunate person"........Amen......

locodemy:


my dear,i hope you dont have the intention of putting that money in stock.if you want, just put it in transcorp at #1.20.you will not regret it.just dont panic,it will come to that range towards the end of the year.if you can exercise patience till then u will come back to thank me.cheers

dadem:


Boring...focus on forging your relationship ihedi, chibuking and your likes, i'm one of those people who don't take you seriously.

mercylicious:
I just dey vex.

Buhari has killed NSE.
7 wasted months!

mercylicious:
I just dey vex.

Buhari has killed NSE.
7 wasted months!

bigass:


Buhari did not alone kill NSE, Corruption in previous government also killed it.

This country is beyond remedy.

Canada Australia Here i come

mercylicious:
I just dey vex.

Buhari has killed NSE.
7 wasted months!

bigass:


Buhari did not alone kill NSE, Corruption in previous government also killed it.

This country is beyond remedy.

Canada Australia Here i come

bigass:


Buhari did not alone kill NSE, Corruption in previous government also killed it.

This country is beyond remedy.

Canada Australia Here i come

Raider76:


The ASI lost 44% in 2014 without Buhari.

Raider76:

The ASI lost 44% in 2014 without Buhari.

Intendy:

God bless you.
I guess some were not born in 2014 maybe that's why.

angelo82:



Market dynamic was better before Buhari............Most people here can testify to that...............But things may change under him for better by next year................

angelo82:



Market dynamic was better before Buhari............Most people here can testify to that...............But things may change under him for better by next year................

Raider76:

The ASI lost 44% in 2014 without Buhari.

Cyriacusifeco:
Ships will sail around the world but the flat earth society will flourish. I have often wondered about the risk in buying one naira bill for fifty kobo. The Nigerian stock exchange has existed for over 50 years in our country, yet people shy away from the all important opportunity in our country's businesses by way of the stock market. To a man with a hammer, everything looks like a nail. The perverse human characteristics that is often bent on making simple things look difficult has again turned a basic advantage into a difficult situation. Our treasure land is now mistaken for an Alice in wonder land. Investing is all about putting out N1.00 today to get N2.00 tomorrow at a decent rate of return. If investors could simply focus on value of businesses and forget about the daily movement of stock prices, we wouldn't be hearing the noise we are witnessing today. The fearful have since forgotten that money is meant to flow towards opportunity and there is an abundance of that in Nigeria. I have searched through the market and have seen vast number of opportunities prevalent in our investment terrain. All I could say is 'God bless Nigeria'. Come to think of it, the all share index has advanced from 100 in 1984 to over 27,000 today. Even a novice who knows nothing about stocks but simply bought a low cost index if any exists, could make a fortune for himself. The prophets of doom have neglected the all important factor that is certain, that no matter how serene today might be for our country, Nigeria's potential is far from being exhausted. They could go ahead and pin point countless number of risks associated with investing in Nigeria, but they must not forget that our country's businesses will continue to efficiently deliver goods and services needed by her citizens. Metaphorically speaking, these commercial cows will live for centuries and give ever greater quantities of milk to boot. Think Firstbank that is over a century old, which has grown shareholders value from 27billion in 2003 to over 500billion in 2015. Not counting the dividends received by its shareholders over this period. Think Dangote cement, Nestle Nigeria plc, 7up bottling company, Zenith bank plc, Gtbank, Nascon, and countless other wonderful businesses listed on the exchange. They will continue to deliver. You must not forget that no matter how low their stock prices may fluctuate, that the billions delivered annually by these wonderful businesses will always go to its owners. Hundred years from now, people will remain banked, they will continue to construct buildings and of course, they will eat and drink!. In the end, these businesses will continue to ever increase the fortunes of its shareholders. what counts in investing is what you pay for a business -through the purchase of a small piece of it in the stock market - and what that business earns in the succeeding decade or two. There is nothing risky in buying a N600 billion business for less than N200 billion as it is for Firstbank today. Commentators often talk of “great uncertainty.” But think back, for example, to December 26-27, 1851, 1967 to January 15, 1970, the economic crisis of 1981 and June 12, 1993. The fact remains that tomorrow is always uncertain. Don’t let that reality spook you. I have always heard about the terrifying problems facing Nigeria. But It is also worthy to note that our GDP has increased to an astonishing $500 billion from $34 million in 1992. Per capita income has also grown from $395 in 1992 to $1097.97 in 2013. The prophets of doom have overlooked the all-important factor that is certain: Businesses will always prosper and the Nigerian system for unleashing that prosperity –a system that has worked wonders for over half a century despite frequent interruptions for recessions and even a Civil War–remains alive and effective. We are not natively smarter than we were when our country was founded nor do we work harder. But look around you and see a world beyond the dreams of any colonial citizen. Now, as in 1851, 1967, 1981 and 1993, Nigeria's best days lie ahead. The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd. Successful Investing takes time,discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women Pregnant. Never the less, fluctuations are inevitable in the securities market and will continue to be so. What counts is your long term average performance. Get on board and do your due diligence. Remember you don't need a 150 IQ to invest successfully. There is one thing that has always proven to be correct....no one can successfully time the market over an extended period of time. Take for an example, the buyer of FBNH at N10 is on value likewise the buyer at N4 and this counts for countless number of other businesses in our country. The greatest variable now in FBNH at its current price is survival. How many can bet on its survival? But you must know...there are no too big to fail businesses. There is nothing impossible for Mr. Market. Time is very valuable for an investor and we are taking too long for a start. God bless Nigeria.


....references are made in Buffet's voice.



DISCLAIMER: This is not a buy recommendation. In fact, I have no interest in some of the businesses mentioned above. I have often been wrong in the past and will probably be. Some of the businesses mentioned in the post above are grossly overvalued when compared to value to a private owner. Do your due diligence.

Elai147:

ok thanks I will do that on monday


If I understood your post correctly, you have a portfolio worth N8 million Naira which is supposedly managed by your stockbrokers, partnership investment, and they have disappeared with your investment. If this is correct then you should contact SEC:

Securities and Exchange Commission Nigeria
Head Office Phone: +234 (0) 94621168
Email: sec@sec.gov.ng

mercylicious:


Before you start reporting, make sure the broker has fraudulent intention , so that u don't end up messing his career if he is innocent.

Tell us more about this broker. How did u meet him? Do u know his broking house? What information do u know about him?


On another note, a friend made a kill in NSE via a broker during pre-melt down. The guy was very good and gets info before it hits d MKT. He also exits b4 rush for exit ( because brokers trade in pre MKT). They share profit 50-50 and the guy never made loss.