Latest Forum Posts
Last updated: 36 minutes agoRe: Law Union and Rock Insurance by twentypercent
March 16, 2010, 4:38 pm
[QUOTE=wanaj0;68670]Have faith!!!!! Its 2010 half year forecast so not impossible. Actually, [B]the Insurance sector will the the money spinner this year[/B][/QUOTE] Amen o, my yanch don dey pain me for there sef. I am beginning to think someone parked the stocks at the garage and took the keys away, other sectors have been yielding fruit but not this one. I will tarry here a little while maybe movement will start occuring soon. Reply...
Re: Law Union and Rock Insurance by hispy99
March 16, 2010, 4:33 pm
[QUOTE=wanaj0;68670]Have faith!!!!! Its 2010 half year forecast so not impossible. Actually, the Insurance sector will the the money spinner this year[/QUOTE] That is what I think too.... Reply...
Re: MarketWatch by twentypercent
March 16, 2010, 4:28 pm
[QUOTE=c kenneths;68667]Very soon the churches will cash in, fake pastors will be releasing stock picks to only serious believers (those that pay tithes) and before long the native doctors will start releasing stock selections between incantations......its all good, anything to make money.[/QUOTE] 'C Kens church of divine stock picks'...[I]transferring sinners wealth back to believers[/I] :D Reply...
Re: Fidelity Bank by migiets
March 16, 2010, 2:52 pm
[QUOTE=kingojames;68682]I have seen a 42% increase of my fidelity stock for a period of 6months. I've always had confidence in it.Their fundamentals aren't bad.[COLOR="Blue"]Their conservative biz approach appeals to me.I believe they r still ready for growth.[/COLOR][/QUOTE] Quite agree with you. I have been eyeing them for a long time. The conservativeness of their MD was my appeal. Very quiet and does not go about in flashy styles like others. Instead of waiting for it to fall to my level, I was able to enter after KOD gave a good expo that the level it was was good enough. It has not been bad at all. Might decide to acquire more if KOD can give another expo. Reply...Re: MarketWatch by knightofdelta
March 16, 2010, 1:59 pm
[QUOTE=ayemco;68680]My opinions are mine not yours so stick to yours mate. I do not see how my light hearted comments are cynical or pessimistic. i bg go blow your grammar elsewhere... Don't take everythin too personal..[/QUOTE] [QUOTE=kingojames;68681]Sorry oooooooo.... That sounds hot. Maybe u need a lecture on d Golden rule-don't do unto others what u wouldn't want done to u in d name of being ''light hearted''. What we need in SMN is contructive contributions not slying lightheartedness.I'm really sorry if I sound too...[/QUOTE] Guys relax! @Kingojames... Some of us make light hearted comments all the time and we all laugh over it. No one has said Oga UT does not know what he is doing. The question so far has been how he arrived at his recommendations. SMN is a place where we all learn from each other and events of the past two years have shown us that the NSE is not a casino where everybody wins. There is something that has been ingrained into our memories and that is the fact that when we invest our hard earned money, we need to know where our money is going and there must always be a rationale behind our decisions. [B]Stance[/B] asked when to sell but we have no idea what stocks he is holding; if he was a little bit more specific, I am more than sure that one or two people would have responded. If you have noticed, most members have different strategies. I personally met only one person on this forum but I know the strategies employed but no less than 10 members. For me, if you have noticed, I don't make short term recommendations though sometimes I come out with my short term plays. Nobody can be 100% correct. I bought RTBriscoe at N5.20 and the stock went down to like N4.80 and Oga UT said the stock was going to keep going down and he explained why but I had my strategy and averaged down and now I am sitting on 17% gain. It was a risky move and would never have recommended it. It's just a matter of prudence... it's not chopping alone. Reply...Re: University Press by samking
March 16, 2010, 1:16 pm
Hispy wat does this forcast tel us, ll dis bring down the price of dis equity? Or ll d price resist any fall going by the third qrt result. Looking back they made a loss of 36m in thier 1st qrt 08, but still came the yr end to give 40k & bonus. Pls i really need to know because i want to enter dis equity. Thanks in anticipation. Reply...Re: Fidelity Bank by kingojames
March 16, 2010, 1:03 pm
[QUOTE=migiets;68538]Any special reason for this or is it just for pure speculative purposes?.[/QUOTE] I have seen a 42% increase of my fidelity stock for a period of 6months. I've always had confidence in it.Their fundamentals aren't bad.Their conservative biz approach appeals to me.I believe they r still ready for growth. Reply...Re: MarketWatch by kingojames
March 16, 2010, 12:48 pm
[QUOTE=ayemco;68680]My opinions are mine not yours so stick to yours mate. I do not see how my light hearted comments are cynical or pessimistic. i bg go blow your grammar elsewhere... Don't take everythin too personal..[/QUOTE] Sorry oooooooo.... That sounds hot. Maybe u need a lecture on d Golden rule-don't do unto others what u wouldn't want done to u in d name of being ''light hearted''. What we need in SMN is contructive contributions not slying lightheartedness.I'm really sorry if I sound too... Reply...Re: MarketWatch by ayemco
March 16, 2010, 12:15 pm
[QUOTE=kingojames;68679]Naija man no go wan stop being cynical and pessimistic. If u cannot help others to stand don't ''help'' them to fall. Some of u guys shld leave UT alone.He has impressed me so far with his SILENCE on ur opinions about him.[/QUOTE] My opinions are mine not yours so stick to yours mate. I do not see how my light hearted comments are cynical or pessimistic. i bg go blow your grammar elsewhere... Don't take everythin too personal.. Reply...Re: MarketWatch by kingojames
March 16, 2010, 11:33 am
[QUOTE=ayemco;68675]I beg ask UT to S:Dpecial One![/QUOTE] Naija man no go wan stop being cynical and pessimistic. If u cannot help others to stand don't ''help'' them to fall. Some of u guys shld leave UT alone.He has impressed me so far with his SILENCE on ur opinions about him. Reply...Re: MarketWatch by kingojames
March 16, 2010, 11:26 am
[QUOTE=stance;68669]House gurus abeg when we go sell cos I no want make this small change I dey see now disapear.[/QUOTE] Some will never answer u.They prefer eating alone and eventually dying alone.My brother,just do ur homework and pray u pull d right trigger.They prefer critcizing others with their seemingly ''rational'' reasons. Reply...Re: Zenith Bank by knightofdelta
March 16, 2010, 10:40 am
[QUOTE=Waves;68673]Hmmmmm. This is wrong and precisely the problem Sanusi is trying to resolve by segmenting the licenses and operations of our banks. What you mentioned above is strictly speaking Investment banking.......a profitable but risky venture not suited for deposit taking institutions. Below is from Bigjay's attachments with regards to 'Sectoral Distribution of FCMB's loan book' OIL AND GAS DOWNSTREAM -19% REAL ESTATE & CONSTRUCTION -17% PUBLIC SECTOR -13% TRANSPORT & COMMUNICATION -12% FINANCIAL INSTITUTIONS -11% RETAIL CONSUMER -9% GENERAL COMMERCE -8% [B]OIL AND GAS UPSTREAM -6%[/B] [B]MANUFACTURING -4%[/B] [B]AGRICULTURE -1%[/B] Generally speaking, the last three are what you will call 'real sectors' in the Nigerian economy. The last two are the major job providing sectors of the Nigerian economy. The above examplifies what Lord Turner, the Head of British Financial Service Authority, calls '...socially useless banking...'[/QUOTE] Let's make it simple and go back to the beginning of the discussion. The financial terrain in Nigeria is still in its infancy and I wonder how many investment banks are really in Nigeria. This is where the discussion started, a post by 50Kobo: [QUOTE]The truth is that Nigeria still lacks sound investment bankers. The banks rely heavily on charges/commissions (eg COT) for their income. When you look at banks abroad, they charge zero COT on current accounts (they even pay credit interest) and still make good profit by effectively managing the customer's deposits. All we get here in Nigeria is outrageous COT and other hidden charges. Just my opinion![/QUOTE] Banks are supposed to be providers of liquidity, taking deposits and giving out loans using the deposits taken. Using FCMB loan book as a read across the banks have about 10% investment in the real sector. Why? How can they make profits with that? How can they remove COTs? I don't like most of SLS policies and this is another one you just pointed out that gives me the shivers. I will be forced to digress with you. While it is a great idea to separate commercial banking from investment banking, is Nigeria ripe for that? Let's take Stanbic IBTC out of the picture for a moment. How many investment banks (without the support of their parent company) can single handedly underwrite a GTB N13b bond issue? If MTN decides to hedge Rands-Naira, can all the investment banks in Nigeria combined handle that transaction without the help of their parent companies? By the time you separate the two industries that have gone back to infancy, commercial banks will make 70% of their income from COTs and investment banks will make 70% of their incomes from brokerage commissions. Reply...Re: I have restored confidence in the banks by migiets
March 16, 2010, 10:23 am
[QUOTE=twentypercent;68656]Abeg where is utocha? The guy don put smile for my face and money for my pocket, who needs TA or FA when the oracle is available...more grease to your elbow and whole body Baba :D I don turn disciple from now on, abeg let me know when the prophesy don dey fulfilled fully make I carry my blessings go put for the next vision :D[/QUOTE] You want him to appear when you have not gone to his abode to give thanks for the smile he has put in your face. If it was a Pentecostal Pastor that had put this smile on your face, will you not quickly go and give 30% as tithes and special offering?. Oya, send 10,000 cows to my house for onward delivery to him. In the alternative, you can send me a cheque for the Naira equivalent. Iam his PA. Reply...Re: MarketWatch by ayemco
March 16, 2010, 10:02 am
[QUOTE=stance;68669]House gurus abeg when we go sell cos I no want make this small change I dey see now disapear.[/QUOTE] I beg ask UT the S:Dpecial One! Reply...
Read more comments on the forum...
