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  • Re: Access Bank Post #223445
    Posted at: 7:11 am, 16th Sep 2014
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 12 times.

    Valuefront;223442 wrote:
    My Oga from this article, it is obvious the cowboys are back

    it's actual the cowboys that makes the market tick, Just a matter of being in the right place at the right time.

    #NoCowboysNoMarket.


  • Re: Religious Matter Post #223444
    Posted at: 7:02 am, 16th Sep 2014
    by naio. SMN . Joined: 2nd June 2014. Thanked 0 times.

    ^^^meaning??


  • Re: Access Bank Post #223443
    Posted at: 7:01 am, 16th Sep 2014
    by Valuefront. SMN . Joined: 2nd July 2013. Thanked 49 times.

    Valuefront;223442 wrote:
    My Oga from this article, it is obvious the cowboys are back

    Una sure say these people no dey read this forum so?


  • Re: Access Bank Post #223442
    Posted at: 6:50 am, 16th Sep 2014
    by Valuefront. SMN . Joined: 2nd July 2013. Thanked 49 times.

    Oracle;223437 wrote:
    My Oga, NSE don answer you question making reference to Access bank.

    See attached.

    My Oga from this article, it is obvious the cowboys are back


  • Re: Economicwatch Post #223441
    Posted at: 6:46 am, 16th Sep 2014
    by wanaj0. SMN . Joined: 9th April 2007. Thanked 258 times.

    Vincenta11;223432 wrote:
    Quote:
    The U.S. company is seeking to add mainly five-star properties to its existing set of 37 hotels, Neil George, senior vice president for acquisitions and development in Africa and the Middle East, said in an interview in Johannesburg yesterday. Five of the new sites are earmarked for Nigeria, Africa’s biggest economy and most populous nation with about 170 million people.


    Jim Ovia is planning his, also Transcorp and now this.

    Wont there be a 'hotel glut' in this country??

    Glut ke? How many hotel rooms for 170m people?

    The price need to come down so that ordinary people can afford to go and spend the weekend in hotels. A $100/day hotel in Asia is a 5 star hotel!


  • Re: C&I Leasing Post #223440
    Posted at: 6:43 am, 16th Sep 2014
    by wanaj0. SMN . Joined: 9th April 2007. Thanked 258 times.

    Was this reconstruction approved?


  • Re: Access Bank Post #223439
    Posted at: 6:42 am, 16th Sep 2014
    by wanaj0. SMN . Joined: 9th April 2007. Thanked 258 times.

    No issue. Stay away from the RIGHTS if you are not convinced. Then Oscar and Aig will have to bring out money to buy the rights.

    At the end of the day, investors need to decide not to be gullible. My fear is only for PFA's that may use retirement money to play kalo kalo.

    Actually, with all the capital raising going on, it seems Ololo is knocking at the door. Time to be cash RICH.


  • Re: Religious Matter Post #223438
    Posted at: 6:09 am, 16th Sep 2014
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 12 times.

    Luke:23 vs 34.
    Then JESUS said "FATHER FORGIVE THEM, FOR THEY DO NOT KNOW WHAT THEY DO" And they divided his garment and cast lots.

    "This is the WORD of the LORD"


  • Re: Access Bank Post #223437
    Posted at: 6:04 am, 16th Sep 2014
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 365 times.

    bivins1;223381 wrote:
    Dear Investors at times like this we need to make our displeasure known. There are a lot of things going on in the NSE and the market in general that needs explanation but we are never given one. I really do not know what is going on with Oscar but this is a new low for me if he is doing a policy somersault on placing equities on technical suspension while raising funds.
    My question is why is this waiver been granted to Access while other companies did not get it? Is it beacuse Aig-Imoukhede is back as NSE president? How does a move like this benefit the shareholders? Why is the NSE colluding with these shameless people in the name of "cowboys" in manipulating the market and making lives miserable for the ordinary investors? how do you instil confidence in the market with actions like this and why does the NSE not feel it owes investors a duty to explain the infractions.
    I know we live in a country where questions are not asked but we all realize that the landscape is changing. Before if you steal public funds in Nigeria , nobody could say anything but these days if you steal , people will point fingers at you and accuse that you stole. We are going to get to the point where there will be consequences as who will have at the moment does not give a damn and there is a difference between stealing and corruption
    Be that as it may, I enjoin all investors to write to the NSE to demand explanations. If you keep quiet , they will think they have got away with it. Apparently if they see a deluge of letters hammering on the same point, maybe the DG will be forced to offer an explanation. If they fail to offer an explanation then we can interpret the way we want as we gave them the opportunity to do so but they declined
    you can write Oscar ONYEMA at oonyema@nigerianstockexchange.com
    you can crash their twitter handle at https://twitter.com/nsecontact
    I just do not know what to make of SEC who cannot produce results and expect companies they regulate to .
    Lets join hands in this. This rubbish must stop. We work hard for the money we invest . We cannot fold our hands and watch people manipulate our hard earned money for their selfish interest

    My Oga, NSE don answer you question making reference to Access bank.

    See attached.


  • Re: Economicwatch Post #223436
    Posted at: 5:57 am, 16th Sep 2014
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 365 times.

    Vincenta11;223432 wrote:
    Quote:
    The U.S. company is seeking to add mainly five-star properties to its existing set of 37 hotels, Neil George, senior vice president for acquisitions and development in Africa and the Middle East, said in an interview in Johannesburg yesterday. Five of the new sites are earmarked for Nigeria, Africa’s biggest economy and most populous nation with about 170 million people.


    Jim Ovia is planning his, also Transcorp and now this.

    Wont there be a 'hotel glut' in this country??

    And would it be cheaper as well?


  • Re: Skye Bank Post #223435
    Posted at: 5:55 am, 16th Sep 2014
    by Oracle. SMN Forum Moderator. Joined: 19th May 2010. Thanked 365 times.

    bivins1;223426 wrote:
    There seem a lot of bad news trailing this stock. This may have led into them throwing in the towel for Enterprise bank as I hear they were in serious contention. Can anybody verify ?

    SHOCKER: 7 Billion Naira fraud rocks Skye Bank from top to bottom, customers apprehensive – TODAY

    Hackers rob Nigerian bank of N6.3billion | P.M. NEWS Nigeria

    These sums could potentially wipe away all their profits and expect a lot of write offs.

    The first link had some grammatical blunders! Were they in a hurry to publish this?


  • Re: Skye Bank Post #223434
    Posted at: 5:47 am, 16th Sep 2014
    by mecatchcha. SMN . Joined: 19th November 2007. Thanked 11 times.

    bivins1;223426 wrote:
    There seem a lot of bad news trailing this stock. This may have led into them throwing in the towel for Enterprise bank as I hear they were in serious contention. Can anybody verify ?

    SHOCKER: 7 Billion Naira fraud rocks Skye Bank from top to bottom, customers apprehensive – TODAY

    Hackers rob Nigerian bank of N6.3billion | P.M. NEWS Nigeria

    These sums could potentially wipe away all their profits and expect a lot of write offs.

    Spam news I would say. Read through, not even coherent. Similar to "newspaper Oando FY2013 result".


  • Re: Economicwatch Post #223433
    Posted at: 5:07 am, 16th Sep 2014
    by goldsun2. SMN . Joined: 30th December 2012. Thanked 46 times.

    netotse;222967 wrote:
    @oga dexter
    abeg correct me if I'm wrong, but I was under the impression that shale oil is more expensive to refine than "normal" crude? doesn't this mean that it becomes economically less viable as oil prices drop making it imperative for oil prices to remain somewhat higher?

    As global oil price drops exploring shale oil become less profitable.


  • Re: Economicwatch Post #223432
    Posted at: 4:29 am, 16th Sep 2014
    by Vincenta11. SMN . Joined: 5th December 2008. Thanked 9 times.


    Quote:
    The U.S. company is seeking to add mainly five-star properties to its existing set of 37 hotels, Neil George, senior vice president for acquisitions and development in Africa and the Middle East, said in an interview in Johannesburg yesterday. Five of the new sites are earmarked for Nigeria, Africa’s biggest economy and most populous nation with about 170 million people.


    Jim Ovia is planning his, also Transcorp and now this.

    Wont there be a 'hotel glut' in this country??


  • Re: Economicwatch Post #223431
    Posted at: 3:33 am, 16th Sep 2014
    by Dexter77. SMN . Joined: 19th May 2014. Thanked 15 times.

    netotse;222967 wrote:
    @oga dexter
    abeg correct me if I'm wrong, but I was under the impression that shale oil is more expensive to refine than "normal" crude? doesn't this mean that it becomes economically less viable as oil prices drop making it imperative for oil prices to remain somewhat higher?

    Sorry @netotse. Just seeing this...

    Considering that Nigeria's light sweet crude is even similar in quality (sulphur content hovering around less than 0.42%, [source: wiki]) to the Bakken Formation in the Great Plains especially North Dakota, it is logical to expect that refining both qualities of crude would require similar cost structures.
    But if we look at the upstream shale space, this is where high costs actually come to bear as per developing unconventional fields. I'm not sure what technological progress has been made in this space but I assume that future shale production cost calculations probably discount any improvements in drilling technology which will drive down production costs to attractive levels.

    Asides the usual geopolitical gyrations that tug at oil prices, the demand/supply interplay will go a long way in determining how things unfold going forward. Even if big producers (e.g. Saudi Arabia) decide to cut back supplies due to the current global glut and slack in demand, the annoying market mechanism will assert itself, since as it seems, reducing food supplies to a man without appetite won't generate the required appetite.


  • Re: Skye Bank Post #223430
    Posted at: 12:07 am, 16th Sep 2014
    by duduspace. SMN . Joined: 13th February 2007. Thanked 119 times.

    bivins1;223426 wrote:
    There seem a lot of bad news trailing this stock. This may have led into them throwing in the towel for Enterprise bank as I hear they were in serious contention. Can anybody verify ?

    SHOCKER: 7 Billion Naira fraud rocks Skye Bank from top to bottom, customers apprehensive – TODAY

    Hackers rob Nigerian bank of N6.3billion | P.M. NEWS Nigeria

    These sums could potentially wipe away all their profits and expect a lot of write offs.

    Graverobbers, sharpen your cutlasses. :D


  • Re: Access Bank Post #223429
    Posted at: 10:41 pm, 15th Sep 2014
    by yomikuri. SMN . Joined: 2nd January 2014. Thanked 7 times.

    Django;223419 wrote:
    I feel u, bro re. capital preservation! That's the koko investment strategy! Anyway, like Oga Valuefront is insinuating, one should be thinking of how to position oneself to profit from this emerging Kalokalo-esque mkt situation, but then again, one's risk appetite might be the achilles heel. In that case, just go long on defensive non-banking fundamental stocks or better still be cash heavy till after election cos between now and election next yr, market would be extremely volatile and all I can say in this choppy mkt situation is - forget your opinion and follow the money! Hoping you get the drift, bro!

    u people and election theories sef, is dis d first election we are having or u ll b experiencing as a market player?


  • Re: Economicwatch Post #223428
    Posted at: 10:25 pm, 15th Sep 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 254 times.

    Starwood Plans 50% Increase to Africa Hotels Portfolio by 2018 - Bloomberg
    Quote:
    The U.S. company is seeking to add mainly five-star properties to its existing set of 37 hotels, Neil George, senior vice president for acquisitions and development in Africa and the Middle East, said in an interview in Johannesburg yesterday. Five of the new sites are earmarked for Nigeria, Africa’s biggest economy and most populous nation with about 170 million people.


  • Re: Skye Bank Post #223427
    Posted at: 9:22 pm, 15th Sep 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 254 times.

    bivins1;223426 wrote:
    There seem a lot of bad news trailing this stock. This may have led into them throwing in the towel for Enterprise bank as I hear they were in serious contention. Can anybody verify ?

    SHOCKER: 7 Billion Naira fraud rocks Skye Bank from top to bottom, customers apprehensive – TODAY

    Hackers rob Nigerian bank of N6.3billion | P.M. NEWS Nigeria

    These sums could potentially wipe away all their profits and expect a lot of write offs.

    Yes, I just spoke to CEO :D:D:D


  • Re: Skye Bank Post #223426
    Posted at: 8:26 pm, 15th Sep 2014
    by bivins1. SMN . Joined: 26th October 2007. Thanked 163 times.

    There seem a lot of bad news trailing this stock. This may have led into them throwing in the towel for Enterprise bank as I hear they were in serious contention. Can anybody verify ?

    SHOCKER: 7 Billion Naira fraud rocks Skye Bank from top to bottom, customers apprehensive – TODAY

    Hackers rob Nigerian bank of N6.3billion | P.M. NEWS Nigeria

    These sums could potentially wipe away all their profits and expect a lot of write offs.


  • Re: State of the Nation Post #223425
    Posted at: 8:11 pm, 15th Sep 2014
    by bamidele97. SMN . Joined: 5th November 2010. Thanked 65 times.

    INVESTIGATION: Auditor General’s Report Indicts Ex-Head of Service, Oronsaye, for N123billion fraud

    https://m.premiumtimesng.com/headlines/168159-investigation-auditor-generals-report-indicts-ex-head-of-service-oronsaye-for-n123billion-fraud.html


  • Re: Light UP Nigeria !!! Post #223424
    Posted at: 8:02 pm, 15th Sep 2014
    by Vincenta11. SMN . Joined: 5th December 2008. Thanked 9 times.


  • Re: Economicwatch Post #223423
    Posted at: 8:00 pm, 15th Sep 2014
    by Vincenta11. SMN . Joined: 5th December 2008. Thanked 9 times.


  • Re: Oil & Gas News Highlights! Post #223422
    Posted at: 7:26 pm, 15th Sep 2014
    by goldsun2. SMN . Joined: 30th December 2012. Thanked 46 times.

    Vincenta11;223415 wrote:
    After reading through this article, I could only ask myself; "When will the rot stop"

    When the world ends


  • Re: Economicwatch Post #223421
    Posted at: 7:23 pm, 15th Sep 2014
    by goldsun2. SMN . Joined: 30th December 2012. Thanked 46 times.

    hispy99;223416 wrote:
    what about "illicit" activities by NSE hehehehe

    She wouldn't see that


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