₦airaland Forum

beat my babe

someborry gotta die joh

na wa o
will people allow Jackal rest on NL?

The boi don suffer.  

Sauron
nothn do you joh

Ibime
abeg leave story joh. he said it was his lyrics, why doubt?
werrin concern u in this mata?

Thanks T-Cann

Oga Debosky how far?

My people
how is work?

After rounding up on some deals, the dirty part is what is left.
Report writing!!

I hate writing long epistles. Everybody cant be Jarus and Debosky. Mine is to punch the numbers and perform miracles with excel
As it is, i have to do it and i tell you it will be like a 100 pager
na die i dey

as im speaking, i have 2 massive reports to show my ogas next week or else the peace in this office will be shattered again.
On a lighter note, im havin lunch with some of my investment club members today to reppraise our strategies in the wake of the present realities in the country. Do we share our 'loot' or continue to weather the storm?

Rain don start again
This Lagos sha
Laterz people

Seullallday
My Guy. I understand your points perfectly.
We all decided to turn a blind eye to the happenings

I cant remember how many times i CICO Afroil and some other stocks that had nothin to show
Rode BigTreat to the maximum Ethera and even Costain. Normally, these are stocks i wouldnt touch but the volumes just like you said will make anybody go bonkers.

Im still in the market but you can only find me in stocks like UBA, Zenith GT and co
i no dey do CICO and RIRO again till. . .

@NobiGod
u no serious
why u sef come dey do slice and dice posting na

@ enolase

No financial institution lends money without assurance or something to fall back to in the event of a default, you cannot obtain an unsecured loan from anywhere, the difference between microfinance bank and larger commercial banks is that the procedures required to obtain a loan form the (MFBs) is slimmer, also the interest rates on lending is also lower, this depends on the institution in question, at least i know of a microfinance bank in Abuja where the interest rate is as low as 25% per annum, that is about 2.08% per month. this is quite comfortable for small scale business enterpreneurs.

are u sure?
what about Standard Chartered Bank unsecured loan.
I guess its tied to ur salary and i know if you get sacked from your company today, the bank becomes powerless.
They cant do JACK except u decide to play ball.

4-0

@Abuzola
u said they shld tell you where the word Xtianity appeared in the bible and they have shown you.
Now you cant talk again shey?

na wa

England all the way!!

hmm
so hw much is this?

Benzema ? off and on striker ?

how?

So where else do you want him to quote from; the Nigerian Constitution? Something is wrong with these atheists.

No body goes out with the intent to crash a market!!! but when the regulatory body seem not to read the lines when a bubble is brewing then sure they have the share of the blame!
we all knw that stock prices continually skyrocketed and as many nigerians believe, stocks prices can only go up and not down, the crash became impeding

But I wouldnt realy blame the naive investors cos even the banks believed that stocks can only go up if not why would a bank give a loan to someone while the same share certificate serves as a collateral!!!!. the bank's risk management system didnt ever factor in that the collateral might be worthless if the share prices went down as it now.
NOW they have lots of non perfroming/.Bad loans and they are still doctoring all these losess, again where are teh regulators??I have not seem any bank come out and say we lost this amount on the NSE crash no body is disclosing ianything,the only thing we knw is that the CBN is saying the total expsosure of the Banks all together is about 900B naira thats about 4 times the money the three tiers of Governmnet shared in May 2009!
I smell troble somewhere I pray I am wrong!!!!

Babalawo nice one
A lot of things affected the NSE in the years under review. . .
We had a market just like you pointed out where the regulators were asleep. They were never up to speed as regards their responsibilities.

The nonexistent bullish runs we experienced were as a result of so much manipulations from the operators, regulators and traders alike.
We had a market that a single individual could affect the fortunes of a particular stock.

The awareness of the gains of investing in the NSE coincided with the capitaization of the banks which all the banks had to partake in to raise the needed 25billion to fund expansion. The buzz word then was private placements and IPO.
The excitement was so much that every dick and harry knew about the prospective gains of investing in stocks.

Initially, the upward movements were as a result of the fundmentals of the market and stocks. banks were being sold for between 5-10 and at that time, it was a good bargain judging from the outstanding shares and the results they were churning out and also thier forcasts.

The excitement grew out of hand and the awarenes moved to other sectors.
Then we had the mergers and acquisitions in the Oil and gas (downstream). The Oil moguls too started hitting the markets and the excitement at that time had reached a crescendo where if ure not an investor (either passive or active), then it looked like youre gonna have a bleak future

Guys like me made a kill of these opportunities. We had instances where PHB was bought for N9, and some other banks for less. Since then , these banks have given a lot of bonuses, dividends and of course, the inherent capital appreciation in most of the buys.
The smart investors with smart money had already cleaned out of the market and are only in the fundamentally good stocks like FBN, GTbank, AP, et al.

The excitement continued with the capitalization of the Insurance sector and at this point, the market was already getting saturated. I still remember guys cleaning out cos of the inefficiencies in the market. Bought Equity Assurance for 0.56k and sold for 3.8 in a record time. Can u imagine a stock gaining a maximum 5% for 2 weeks!!!!!!!!

When a company wants to hit the market to raise fresh funds, they do all sorts to push the price up arbitrarilly in order to be able to justify whatever price they will be coming out with. Guys like me with insider information will cash in on this and make 'gains'
Guys on the streets will jump on the train when the train is about coming to an abrupt end!
Guys lose out!! As a result of this and more, the confidence in the market started to wane gradually

Another factor is the ability of unprofitable and illegal coys to trade effectively on the NSE. We had cases of coys like Capital oil, Afro Oil trading on the stock market with no visibile accounts, offices and no signs of any commercial activities going on in the aforementioned companies. Interestingly, these coys were much more valuable on the market than some fundamentally tested companies. or how do you explain a coy like Afroil selling for about N15 without any audited accounts for 3 years!!
No visible trade lines, no visible business and they were selling far more than say Access Bank at that time

The sluggish regulator sudddenly wakes up to her responsibilities after millions of Nigerians have jumped on the moving train once again!! They jumped on the Afroil train because a week will not pass without these coys posting impressive bullish runs.
However, the irregularities in these coys were discovered and the regulators without prior warnings decided to freeze all activities in these quoted companies with plenty millions of Naira from the unsuspecting public in frozen
yet again, the investor confidence in an emerging stock market continues to wane!!!!!!

Apparently, we had a lot of foreign investors that had come to dump thier billions in our market as a way of improving on the lean margins they were used to in the developed countries. The NSE then was posting impressive returns and it will be foolhardy for any smart investor not to come and invest in Nigeria. These stupidly smart investors came into the country through our banks and horay, we had too much funds within the banking system.

Our banks yet happy again to have access to huge funds started Retail banking at the speed of light. Awash with cash, the bullish runs on the NSE; the banks devised so many credit systems that found their way to the stockmarket floor of the NSE.
Margin lines were created by these banks to lend to customers to trade/invest short and long term.
Nobody envisaged any problems and alas, their came the subprime problems in the US, the financial crisis that culminated in the meltdown in the west!

At a point, we thought the Nigerian market was insulated to the happenings in the developed economies but it wasnt long enough that the bubble started bursting even in Nigeria.
The foreign banks that came with so much money had to run to Nigeria to take out their funds and hence the fatal stockmarket crash in nigeria.
It was so fatal that some companies that were valued at more than N20 now go for less than N2.

Its unfortunate that with the colossal loss of capital that had taken place, some of our banks are still posting very impressive results
one begin to wonder where all the money they lost to the margin accounts, the credit cards and the direct investment they did on the NSE are not affecting thier results?

For those that have chosen to learn from the NSE imbroglio, it is high time we started making informed decisions as to what and where to invest and where to keep your money.
Do not be deceived that some of our banks cant go under. Wachovia and L.Brothers have gone under and they were bigger than our banks all together.

This is not trying to be a naysayer but just wondering aloud why we have so much prosperity in the banks even in the face of what had happened to their hard earned funds in the NSE

I hope the CBN is not following the footsteps of the SEC and NSE
The CBN should be up and doing to save the Nation from any impending banking crisis.

@Topic
A resounding YES
If not some clubs will never be able to catch up with the big guns.

And something keeps telling me the bubble will soon burst my prayer is that it doesnt affect my club

@Diggler
1m-1.7 million for entry level?
that cant buy anything!!

Pesin no fit comment again?  

Ronaldo is worth 80m - every penny of it.

80 million for a player when Newcastle was going for 100
how much do u earn to win the UCL? can u remember?

I need to know the IB tht did the valuation.

@JK
wassup
Valencia is not a blunder. hes coming in to replace Ronaldo on the wings. Hes just gonna be a ready made winger and i beginning to think we are back to our good old days where all we do is play with width. When CR7 was around, we never really exploited this cos he was deployed more as a striker.

valencia is coming to add width and its good.

£16m for Valencia??

Silly money IMO - he's not worth more than £10m

wetin conceern u?
is Ronaldo really worth 60 million?
NO.

The koko is we have a new player

Bros
I can see you are new here!!
Pls whatever info you post, we need the URL address of the website where you got it from!!

Emperoh
how far? how was ur weekend? i wanna ask u something abeg
can u add me on

lemme knw when u have it so i can strike ma ID off

and where did i mislead by calling Elebute the NSP?

you cant find the link again?
In the posse of the retards, you shld be made a crown prince

i bow for ur fcking cantankerous, imbecilic traits
is this hereditary?

get help dude

Happy Bday tkb 417. More dollars to your account and more beers to your belly

hehehehehe
where have u been?
bad guy. Thanks man

There is nothing like "Managing Partner" at KPMG.  It was changed to "National Senior Partner" in 2004.  Seyi is the NSP and he manages KPMG franchise in Nigeria.  Kunle Elebute is only the head of FAS and nothing more.  Though he's the third on the chain of command after Bisi Lamikanra who is the head of BAS.  How can you have MP and NSP?  Can you tell me the difference?

hmmm, we have one NSP and we have 20 partners in KPMG. Kunle Elebute is refered to as a Managing Partner in KPMG

I have not compared the pay of FAS and Audit as they earn the same and staff in the two divisions are required to be ICAN qualified.  However, staff in BAS or BRS earn more than staff FAS, Audit, Tax (where they are both not qualified).  The difference in pay is used to cover the cost of ICAN which the firm pays.

i cant remember discussing general pay for the staff but the entry level pay. so whats the point in all these?

Entry level staff at FBN and UBN still earn net income of N100k per month (about N1.5M per annum) and that is a FACT.  Comparing salaries at KPMG with this is absurd and without basis.

check ur facts again.

FYI, I cant deny that KPMG gave me the first break of my professional career.  I do not hold any grudge against you or anybody on this forum.  I only advise that you should stop misleading people with wrong information

.
I have not misled anybody on this blog. If you have doubts or the use of English is your problem, check for the word mislead and stop throwing tantrums

The fact that you were a secretary at a forum which partners at KPMG attended does not make you know things about the firm.

ill indulge you.  A yoruba adage goes like this, Agba ofifo lo ma n pariwo ju
Im not in any contest with you. I'm learning how not to join issues with street urchins so ill let it pass

Help ask tkb417

olodo

thank u.
i take am resemble you

He is a politician in disguise. Yeye boy.

no mind am

It is better to let you be than to engage in a senseless and baseless exchange with you.

Thanks for referring to me as Kunle Elebute. I will prefer to be likened to someone like Seyi Bickerseth (who is their managing partner) or Yomi Sanni. Oh! I just noticed you told misled people on another thread by referring to Elebute as SNP of KPMG.

LOL!
hehehehe, I had a one on one meeting with Elebute and Seyi on the setting up of a CFA society in Nigeria
I was a scribe in one of the syndicate sessions in the Infrastructural summit in Abuja where Igbokwe facilitated.
Like i said earlier, you attach so much importance to the name KPMG that im beginning to think the salvation of your soul is attched to how many times the name is typed here.

Elebute is a managing partner in KPMG just like Seyi who is the National Senior Partner. NSP not Senior National partner (coming from someone who worked in KPMG. LOL) so what is the misinformation?
If you check my antecedents on NL, i use so much vulgar and foul words at ease but im  restraining myself cos this thread doesnt call for it.

Next time you attempt at throwing cheap shots, i'll so much be magnanimous in my dossier that you will think its much more than that.
Feel free to be stupid by alluding to so much bunkum.
at ur age? KPMG is ur seal of arrival
u need a lobotomy.

Be wise and free me

and pls, i put it to you that you never worked in KPMG cos u lie with ease

Back to the topic
The entry level pay in KPMG is equal to FBN and Union. FACT.

The difference in pay between an entry level in Audit and say Financial Advisory is about 30,000 - FACT

KPMG is much more respected in Nigeria - Subjective but you can ask anybody who works or has workd there
DAYOKANU on NL can say a word here

Elebute is a Managing Partner in KPMG and i cant remember saying he was the National Senior Partner.
stop crying like a wolf. Im not after your fcking life. stop bitching and address the issues.

which of my posts is wrong and if none, hold ur peace for life or be ready for personal attacks from me
ive condoned ur ill manners and stupendous buffoonery but i wont take it again, i swear

PS: post where i called Elebute the NSP here for all to see

Dropping my own 'Happy birthday' too for the don of NL career section!

Thanks a bunch!

don ke? u dey flatter me
na you be DON. Its not who started first o, na who sabi pass

What do olodos like tkb and MrCrackles know about the main premise behind the Niger Delta bruhaha

nothn. The only thing i know is Asari is more of a thief than Yaradua.

i insist, he shld be amputated

Wow, so all his money came from the "lucrative biz"
When settlements are made, does it go directly to him?
Anyway i am sure there will be some back-hand tactics as usual, NO BE NAIJA!!

Ibime should be able to furnish us with more glossy details

he used to be in that group.
Or how do you think Ibime made his money?

Ok Ajanlekoko.
thanks

You can email me on my gmail then

Happy birthday bro!

Don't worry about tubabie WE will celebrate on your behalf.

Thanks o my chief

who are the WE? hmm

@Muki
can u help send my YIM to kay
thanks

I am not even in Lag presently but happy bday all the same man.
Ur YIM?

ooh. Muki will PM my YIM to you right away.

thanks bro

The dude mustav bags of cheddars to hop on the plane to Germany!
Or maybe he went to inspect the facilities at the hospital YAR'A'DUNCE uses to keep himself alive!

the man is stinkingly rich o
the most lucrative biz in Nigeria now is Militancy and Kidnapping
he started it so hes a don in that trade.

Now he wants some more money to renew his fleet of cars
he shld be castrated

LOlz
What does the Dokubo guy even do for a living?

which one are you talking about?
Mechanical engineering or kindnapping? or oil bunkering
all the vices you can think of, he does them for money

so choose one