₦airaland Forum

Hi Debz

The CL tie away to Fenerbahce on Tuesday could be tricky if we get distracted by the home supporters,but I'm glad AW is aware of that antic hence he declared that a player that has the ball at his feet can neither be prevented from making a good pass by the supporters nor indeed by WAGs ;

Welcome to a new week my peeps,slowly but surely,2008 is coming to an end,hope y'all av been meeting/surpassing your targets?

Remember to allow the Holy spirit to lead you

@ A-40

please let's forgive Ade,for the dives,he made up by laying back that pass that eventually resulted in the second goal

A-40:
Fenerbache are not as hot as they where at home last season

Hmmmmmm,I wonder if they see us in the same mutual light 

@ Chac

Theo is faster than Freddie(Gavin Hoyte,the reserves captain will outpace him too),Clichy is not in anybody's league,I wonder where he gets the stamina to run up and down the left flank and occsionaly make runs into the right flank too.Even with his several dashing runs into the opponents half,he still remains Arsenals most disciplined defender  IMO.That goal-mouth clearance is a pointer to his effectiveness

3 - 1 what a relief.All of a sudden I'm looking so coool in my home strip.Congratulations all

Unhealthy Rivalry Hits Banking Industry

THE unbridled rivalry and unhealthy competition witnessed in the pre-consolidation era in the banking sector appears to have reared its head again.

It has been reported that some desperate and unscrupulous banks now resort to rumour mongering and blackmail to discredit and de-market others, especially their more successful counterparts.

Recently, the financial industry, especially the already battered stock market was jolted to near panic, following the circulation of a text (SMS), suggesting that five of Nigeria's prominent banks were enmeshed in liquidity crisis as a result of their alleged over-exposure to the stock market and advised depositors to withdraw their funds from such banks.

Before then, two of the banks were singled out for de-marketing over alleged liquidity problem. According to some market insiders, the smear campaign may not be unconnected with the battle for plum accounts.

Recently, three of the leading banks were locked in a bitter battle over the control of two prominent corporate accounts and a federal parastatal. Two of the banks that eventually won the accounts later became victims of the rumour mongering on distress.

However, some stockbrokers attributed the de-marketing campaign to the recent appointment of First Bank, Union Bank, UBA, Intercontinental Bank and Zenith as market makers by the Nigerian Stock Exchange (NSE) in the wake of market meltdown in the stock market to help arrest the dwindling fortunes of the market.

A market maker is an intermediary, who creates a market for financial obligation and undertakes to buy and sell securities as a principal. Simply put, a market maker is supposed to create demand and supply in the market, as the case may be. The business of market making is not for everybody, as it is usually for a select few who have the means.

One of the major reasons the Nigerian stock market is on a free fall, analysts say, is because prices are driven by market sentiments and not the fundamentals. The presence of market makers will ensure stock prices are rationally determined.

But some observers said the NSE bungled the exercise by its failure to set criteria for the appointment of market makers, adding that if the NSE had done so, the unnecessary jostling by banks would not have arisen.

Some stockbrokers are also worried that while the controversy is rages, the Securities and Exchange Commission (SEC) has not made its position known and appears unconcerned about the stock market meltdown.

The team list does not look bad,I just hope I we don't get any unpleasant surprises today cz we've had enough of them already.
All the same,I'm already decked out in the home strip

SO GO ARSENAL
GO GET 'EM

The team list does not look bad,I just hope I we don't get any unpleasant surprises today cz we've had enuff of them already

How tremor, landslide swallowed our farmlands– Victims of Enugu earth tremor

Residents of Ugwueme, Umuhu, Ugulesi Awgu and Ezinese Mgbidi communities in Awgu Local Government Area, Enugu State could not believe their eyes when they visited their farmland in the morning of October 7, 2008.

Skip to next paragraph

File
Scene of the landslide

Expansive farmlands measuring more than 20 square kilometres had been destroyed by a tremor.

On account of the incident which was later explained as a landslide, there were huge cracks and depressions on the land as if a straying ballistic missile had exploded there. Some trees sank in the depression while others were completely uprooted.

Materials suspected to have been thrown up from the earth crust during the tremor littered the entire area.

Expectedly, the affected communities were in an uproar over the incident which had literally taken away the means of livelihood of the majority of the people who are predominantly farmers.

Although the farming season has passed, the devastation wrought by mother nature left the residents bewildered. While some described it as an earthquake, others argued it was a tremour and a forewarning about a serious natural disaster that may yet happen.

The traditional Prime Minister of Awgu, Chief Stephen Onuorah, who visited the scene on the second day of the incident, said he felt a massive shaking and reverberations under his feet. He said he heard a noise that sounded like the roaring of a bulldozer. Surmising that it was an earthquake, he contacted the Chairman of Awgu Local Government Area, Chief Uche Anioke, who later led some officials to the site.

Amazed at the level of devastation, the council boss contacted experts from the Federal Ministry of Mines and Steel Development, but the confusion over the incident was dispelled by the team of experts from the National Geo-hazards Monitoring Centre led by the director of the agency, Mr. Alex Nwegbu, and Prof Cornelius Nwajide, a lecturer at the University of Nigeria, Nsukka and consultant to Shell Petroleum Development Corporation.

The team which also included geologists, geophysicists and seismists, visited the farmland on Tuesday. They described the incident as a landslide which occurred on account of massive rainfall which “peculated into the land to an impermeable layer and caused land cracks”.

Nwegbu in his preliminary report traced the remote cause of the incident to the geographical positioning of Awgu which was sitting on a ridge belt called clay star. The belt runs from Idah in Kogi State through Awgu to Arochukwu community in Cross River State, all of which are prone to geo-hazards.

The landslide, Nwegbu added, happened because the earth was dry and cracked during the dry season. When it rains, the cracks absorb water which percolates and moves in a rotational and translational manner and causes massive fracture on the earth surface.

“This incident is a major one never witnessed in this part of the world. The cracks happened to be part of a certain ridge of over 500 km that stretches from Idah northwards towards Benue River, surging southwards all the way towards Enugu through Awgu and Leru (Imo State) and peters out at Arochukwu. The scar on this ridge must be avoided either for building or for farming,” Nwegbu warned.

The experts found that the integrity of the land is poor because the sedimentary rock underneath can cave in easily and dissolve and the texture can no longer hold water. They took a sample of the soil for further investigation.

Nwajide said that the tremor could not be controlled and could indeed happen again. He stated that the affected land had been rendered useless for any productive activities, warning residents not to do anything on the area.

A farmer, who was affected by the devastation, Ugwuanyi, said he could no longer recognise his farm when he got there, adding that the whole area looked like the scene of a major battle between two great elemental forces.

Anioke, in an interview with Saturday Punch, thanked the experts for responding quickly to his calls, but noted that his office was facing a serious challenge managing the social crisis that nature had placed on his doorstep without warning.

Many families who lost their farmland and crops now rely on him for their survival, a challenge the council was ill-equipped to handle, he stated.

Calling on the Federal Government to come to the aid of the communities, the council chairman explained that the affected families would need to purchase new farmlands and seedlings as their land had been lost forever. “The challenge before the council is to provide relief materials like food and water to the communities. We are trying to identify genuine land owners and we are also making wide consultations to see how to address the social dislocations the disaster has thrown up,” he said.

Anioke said he was yet to get any offer of help from the state and federal emergency management agencies, stressing that a quick response to the incident was key to ameliorating the suffering of the communities which lost their sources of water during the disaster.

During the week, the Enugu State House of Assembly also called on the Federal Government to take urgent steps to investigate the cause and implication of the earth tremor and proffer solutions to it without delay.

The Chairman of the House Committee on Petroleum Resources and Environmental Management, Chris Ugwu, in a report sent to the state assembly, described the incident as an unusual disaster, noting that with the magnitude of the ecological disaster, there was need for the Federal Government and the state Ministry of Agriculture and Natural Resources to pay special attention to the community by providing fertilizer and improved variety of seedlings for the next farming season.

Ugwu said that his committee, which visited the area, observed that large portions of land were compressed into crooked ridges and valleys.

He said, “In view of the bizarre nature of the incident, the attendant fear and devastation it has caused, the National and State Emergency Management Agencies should come to the assistance of the people of the community.”

He urged the National Orientation Agency to mount an enlightenment campaign in the affected community so the people can keep off the devastated area.

A-40:
Come to think of it that guy in the pic looks like Utd's waka pass goalie Kuszcak

Ehen
Thought so meself

Raimond:
Guys you know this game is a must-win for us.

My brova,is there anyone that's a must lose or may win

Raimond:
Criz how u dey?--I know ur`e rooting for us this weekend!

Of course she'll be

A-40:
with own-goal specialists like Yobo (did you see his strike against Sierra leone?)

Hope he re-enacts that feat cz our paper-thin squad just got thinner

Too bad SAMUEL PETER FALL WE HAND

@ Ajiteru oops my bad,thought it's Friday already

@ Ajiteru oops my bad,thought it's Friday already

Who's seen d team list for d everton game

@Myself 2 ,T'was nuttin really,just deliver on ALL of d milestones n they'd surely giv u more

Hi y'all

toluaddy:
Mike Tyson , all-time best boxer the world has ever known.

Man,you're wrong,Ali's the greatest(All-time best)

CBN MAY LOSE CONTROL OF BANKS


http://www.guardiannewsngr.com/news/article04//indexn2_html?pdate=111008&ptitle=CBN%20May%20Lose%20Control%20Of%20Banks

@ Debz, 
Personally I don't want any critical injuries for RVP as he is presently our hungriest striker.
As for Gallas' replacement,I think AW'll draft in Johan,if on the contrary he decides on Silvestre,then "no long thing" as we'D @ least have a tall "thing" in d backline

I thought we had a game in a week's time,what's all this distraction for,or is it too early to air our expectations,kai it's really a crime to drop points against less fancied teams

SEC queries NSE over N600bn bail-out plan

http://www.punchontheweb.com/Articl.aspx?theartic=Art200810092354453

Latest information indicates that the bail out package is being upped to N1 trillion with the indication of interest by four more banks to join in as market makers

http://www.thisdayonline.com/nview.php?id=124807

Someone please tell me,IS THIS REALLY going to WORK?IF YES HOW?

Today is tenth day in the month of October and the birthday of a man I admire so much that I have to wish him many happy returns on this thread and by that remind us all not to forget the dedication of people like that.

I'm talking about a man who spent 4yrs in Arsenal youth team and 18yrs in the senior team(i.e he spent his entire 22 years playing career at Arsenal),the real captain fantastic

              [b]HAPPY BIRTHDAY,Baba TONY ADAMS (MBE)[/b]
                  You're a true gunner and a rare gem indeed

[flash=200,200][/flash]

nossycheek:
Can I really invest now? Will the share prices ever go up again? I just want to be sure before I invest additional money in stocks as I am yet to recover from the crash in prices

Of course.Why not if not.There has never been any market that crashed @ worst or experienced a prolonged bear run that did not recover.

It's just that any investment now will have to be extra evaluated and must be for LONG TERM
In the US,stock prices are spiralling down,but the guru of all investors and arguably the richest man in the world;Warren Buffet just recently bought $3 billion worth of GE cuz he knows that the prices will rise again sometime in the future.Now do you think he's foolish(if he were,he wouldn't be the richest man on the planet)

In addition,you may want to spread your risks by also embracing other investment forms such as real estate(if your war chest is considerable)

Caveat Emptor

kulus:
September rocks!!! 15th is my special day right in the middle of the month isn't that special . Lots of LOVE 2 all my birthday mates .

You're damn right baby
Hope you had yourself a wonderful celebration
Your birthday mates are;Stephen P,Gagnant,Ernalibot,GB777,Blackspade are lawrea
Welcome to the thread

Now the market meltdown is world-wide

Nikkei 225 9251  -904.90  (-8.91%)
Hang Seng 15669  -1,134.93  (-6.75%)
All Ordinaries 4370  -228.10  (-4.96%)

emydedon:
hi,can somebody link me to a good penny stock broker

Now there's such a word as a penny stock
And there's such a word as a stock broker
But you may want to start by telling us who/what a penny stock broker is

C'mon man,d'you know the season we're in

NSE, Banks Work out N600bn Bail-out Package

Strong indications emerged yesterday that the Council of the Nigerian Stock Exchange (NSE) may have made a head way in its efforts to bail out the nation’s stock from its lingering slide.
This followed an agreement reached between the Council of the NSE and some banks to inject N600 billion into the market.
The Director-General of the NSE, Prof. Ndi Okereke-Onyiuke, had last Monday said a meeting would be held between the Exchange and the Securities and Exchange Commission (SEC) as part of fresh efforts to find a solution to the falling share prices.
However, SEC officials were not at yesterday’s meeting that was held in Lagos.
A source close to SEC said that while the Commission was in support of efforts to bail out the stock market, it was not aware of the latest arrangement.
But THISDAY gathered that the part of the bail-out package discussed yesterday include an arrangement that would lead to the appointment of six banks to act as major “Market Makers”. The banks would then provide N100 billion each to buy up to 15 per cent of their shares from the market.
Although any company can be licensed under the guidelines issued by SEC for operators to become Market Makers, it was gathered that the NSE may have encouraged banks to take the lead.
A source said that the thinking is that given the financial muscle of the banks, they would easily meet the minimum capital requirement of N2 billion stipulated by SEC.
“The banks, working according to the guidelines issued by SEC, will provide funds to mop up shares from the market and sell the same shares whenever the need arises,” a source said.
Capital market operators said that given the current capitalisation of banks and the urgency to bail out the nation’s stock market, banks are in a good position to play as Market Makers by floating subsidiaries that would do so.
The SEC’s rules define Market Maker as “Any specialist permitted to act as a dealer, any dealer acting in the position of a block positioner, any dealer, who with respect to a security, holds himself out as being ready to buy and sell such securities for his own account on a regular and continuous basis”.
The Market Maker shall be a company duly registered with Corporate Affairs Commission (CAC) and shall have a minimum paid-up capital of N2 billion. A Market Maker is required to at all times maintain sufficient liquid assets to cover its current indebtedness.
Obligations of the Market Maker include: stabilisation of the market by ensuring continuous liquidity by synchronising buy and sell transactions of a security; operate within the established transaction spread (that is bid/offer spread) which shall be a maximum limit of three per cent and subject to review from time to time.
Also, the Market Maker will have the capacity for continuous two-way quotes in the relevant stocks through the trading session in a minimum quote size of 100,000 units of shares and must have the capacity to deliver and settle transactions within the prescribed settlement cycle of T+3. The Market Maker must equally have the capacity to lend and borrow the designated securities at any time, with a view to ensuring stability in the market among others.
Meanwhile, worried by the worsening global financial meltdown, the Senate will today consider a motion on the issue and its impact on Nigeria.
The motion, entitled: “Global Credit Crisis and its impact on Nigeria”, is being sponsored by Senator Anthony Manzo with 18 co-sponsors.
In the motion, listed on yesterday’s notice paper, the sponsor noted that the wave of the global financial crisis sweeping through United States of America and Europe was the first financial crisis of the 21st century.
If the Senate throws its weight behind motion, commendation may come the way of the Central Bank of Nigeria (CBN) for the quick intervention by injecting N1 trillion into the economy.

MARKET WILL BEGIN RECOVERY THISWEEK- NDY OKEREKE-ONYUIKE

The decline, which the Nigerian capital market had been witnessing in the past seven months may come to an end this week, according to the Director-General, Nigerian Stock Exchange, Prof. Ndi Okereke-Onyiuke.

The DG, who said this during the 14th Annual General Meeting of the Central Securities Clearing System Limited in Lagos, on Monday, said that investors would start to experience a significant improvement in the market.

She stated that wide ranging measures that were expected to shore up the major market indicators had been put in place by the NSE.

This, she noted, would be announced after the NSE’s council meeting on Tuesday.

She pointed out that fresh funds would be injected into the market to ensure stability.

On whether the Federal Government had failed in its effort to revive the market and ensure stability, she said, “We knew from the outset that the government would not be able to solve the problem in the market, we only went to them because one of the agencies (Central Bank of Nigeria) that could help us is a government agency. What we wanted them to do was to assist us through moral suasion.”

She added, “The problem in the market was not caused by us but we are the ones that will solve the problem. As I speak to you now, the problem is almost over. I assure you that after tomorrow’s meeting, we will make some announcements after which you will start to see improvements in the market, starting from this week”

Meanwhile, CSCS Limited has recorded an increase of 381 per cent in profit after tax for its 2007 financial year.

According to the company’s audited result for the year ended December 31, 2007, profit after tax stood at N3.58bn as against N745m in 2006.

Turnover also grew by 269 per cent, up from N2.24bn in 2006 to N8.27bn in the year under review.

The company’s shareholders, at the AGM, approved N400m dividend, translating into 40 kobo per share and a bonus of four shares for every one held as at December 31, 2007.

However, the market capitalisation of the 310 listed equities closed lower, depreciating by N45bn or 0.5 per cent to close at N9.684tn.

Similarly, the All-Share-Index of the NSE dropped by 0.5 per cent to close at 45,504.69.


www.punchng.com/Articl.aspx?theartic=Art2008100713463721

This timely write-up is from my Cabot wealth advisory mailbox,let's share it

The subject of today's column--Patience Precedes Profits--comes from a
lapel button on my cubicle wall.  It's one of 82 buttons on the wall that
I've collected over the past few decades on my pilgrimages to the Contrary
Opinion Forum in Vergennes, Vermont.  Next Wednesday marks the start of
the 46th annual forum and I expect to meet up with many old friends
there--meet new ones too--and hear some stimulating presentations on the
subject of investing.

I'll write more about the Forum next week, but today I want to talk about
patience, a quantity that appears to be in increasingly short supply in
our world.  Patience Precedes Profits.

Warren Buffet knows it.  He just plunked down $3 billion for part of
General Electric, which is down 47% in the past year, and you can bet that
years down the road, that investment will look smart ,  because Warren
will be patient. 

Too many investors have no patience at all.  They're glued to their
computer screens, clicking on the latest news stories.  And they're
listening to the talking heads on television, thinking the answers might
come right after the next round of commercials.

But they're not thinking for themselves.  And they're not being patient.

Successful long-term investors like Warren Buffett, however, know that
patience is an asset, as long as you buy at a bargain price.  And how do
you determine that price?  The best way is to subscribe to Cabot Benjamin
Graham Value Letter.

Cabot Benjamin Graham Value Letter is based on the value investing system
developed by Benjamin Graham in the 1930s and refined in the decades
since, mainly by editor J. Royden Ward, who computerized the system in
1969 and has been its steward ever since.

And its results have been excellent.  In fact, Roy has two Models.  The
first, the low-risk Classic Benjamin Graham Value Model, has achieved a
compound annual return of 17.4% since 2002, while the Dow has gained just
4.6%.  The second, the Wise Owl Model (which is even calmer), has gained a
compound annual return of 15.3% since its inception in 1995, while the S&P
500 has gained 6.0%

Sound good?  Here's more.

Through the month of September, while the Dow lost 10% of its value and
the S&P 500 lost 9%, the fully invested Benjamin Graham models did
significantly better; the Classic Benjamin Graham Value Model (with nine
stocks) lost just 6%, while the Wise Owl Model (with eight stocks) lost
just 5%.

And that's typical.  With the Benjamin Graham Models, you lose less on the
way down, and the result is you make more in the long run.

Now, technically, anyone could do the same by following this system.
After all, Benjamin Graham's teachings are no secret; he wrote two great
books detailing his methods.

But practically, I've got to say it's a bear of a job.  For each stock in
his universe, Roy tracks 44 (!) separate items that size up the company
using four separate sets of factors, QUALITY, VALUE, GROWTH and
TECHNICAL.

QUALITY encompasses measures like Current Ratio, Earnings Stability and
Price Growth Stability.

VALUE tracks items like P/E ratio, Historical Price/Book Value relative to
Current Price/Book Value, and Historical Price/Dividend ratio versus
Current Price/Dividend Ratio.

GROWTH looks at things like five- and 10-year historical revenue growth
trends, Quarterly Earnings Acceleration and five-year projected cash
flow.

TECHNICAL measures things like Relative Strength, Price Stability and
Industry Strength.

And there are 32 more items!

But you don't need to worry about those details, because Roy does all the
work and presents the results, each month, in a 12-page letter that tells
you in plain English what to buy and why. And, importantly, he gives you
specific maximum buy prices, as well as minimum sell prices (i.e., target
prices), and updates them in every issue.



Thanks for taking time to read the rather long piece