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  • Plaza at Oceanside Post #289265
    Posted at: 2:47 am, 21st Jun 2017
    by edcookrealestate. SMN . Joined: 21st June 2017. Thanked 0 times.

    Ed Cook is a real estate professional specializing in oceanfront and Intracoastal luxury condominium sales and rentals in Pompano Beach, as well as throughout Broward and Palm Beach County. Ed owns, invests, lives, works and plays at the fabulous Plaza at Oceanside in Pompano Beach. Give him a call, text or e-mail today to answer your questions, show you The Plaza or any other top-of-the-line condo property or help sell your condo at 732-997-8620.


    edcookrealestate.com


  • Re: MarketWatch Post #289264
    Posted at: 2:56 pm, 17th Jun 2017
    by Ninos. SMN . Joined: 17th June 2017. Thanked 0 times.

    Few details. And the opinion of experienced brokers I would like to read.


  • Re: MarketWatch Post #289263
    Posted at: 2:54 pm, 17th Jun 2017
    by Devlin. SMN . Joined: 2nd June 2016. Thanked 0 times.

    I also read summaries from popular brokers. Itself while on a demo account I am engaged in trading. But I'm looking for a good broker here https://topbrokers.com/ to entrust my finances to him. It's much more profitable than a deposit in a bank.


  • Re: Universal Insurance Post #289262
    Posted at: 8:12 pm, 16th Jun 2017
    by bangeasdarkay9825. SMN . Joined: 16th June 2017. Thanked 0 times.

    ; wrote:
    fx-brokers-review.com/index_jp.html 信頼できる最高の外国為替ブローカーの概要と比較


  • Re: Forte Oil Post #289259
    Posted at: 10:12 am, 13th Jun 2017
    by Sean12010. SMN . Joined: 15th February 2014. Thanked 3 times.

    baotoghile;289258 wrote:
    Forte Oil Woos Foreign Investors on Proposed N20 Billion Fresh Capital







    By Peter OBIORA InvestAdvocate

    Lagos (INVESTADVOCATE)-Oil marketing major, Forte Oil Plc on Friday said its wooing foreign investors in its proposed N20 billion fresh capital drive for the expansion of its operations.

    Julius Omodayo-Owotuga, group executive director, Finance and Risk Management of the company made this disclosure at a media parley with capital market journalists’ in Lagos.

    According to him, there are lots of foreign interest in the shares of Forte Oil Plc which he attributed to the company’s diversification strategy; operating in the downstream, upstream and power sectors of the Nigerian economy.

    He disclosed the oil marketing firm has approached the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to seek approval for the proposed N20 billion fresh fund raising.

    “We said to ourselves, because of the margin in downstream business, we cannot continue to use only debt; we have to bring in additional equity and we have started the process, we have approached SEC and the NSE, the GCEO is not here, he is meeting with some investors outside the country in respect to our N20 billion capital raising,” Omodayo-Owotuga said.

    In November 2016, Forte Oil announced it successfully raised N9 billion from a bond offering, which will be used to refinance existing short term bank loans and fund retail outlet expansion.

    “With the raising of this initial capital which has been fully underwritten shows the confidence the investing public has in Forte Oil Plc as an investment of choice,” Akin Akinfemiwa, group CEO of the company said.

    Akinfemiwa said the N9 billion five-year bond is the first tranche of a proposed N50 billion bond issuance programme.

    Late February this year, the NSE said it has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company.

    According to the company, the proceeds of the N9 Billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to expand downstream retail outlet footprints amongst others.


    Omodayo-Owotuga said that the proceeds from the N20 billion fresh capital will be used to enhance Forte Oil’s working capital, business expansion and downstream businesses.

    Forte Oil’s group executive director, Finance and Risk Management disclosed that shareholders of the company had earlier issued a mandate to raise fresh funds of up to N100 billion; out of which N9 billion has only been raised.

    Omodayo-Owotuga further disclosed that Forte Oil’s future plans are geared towards five (5) pillars to grow revenue and add value to its shareholders.

    He affirmed that the oil marketing firm will deepen its focus on high margin products such as lubricants, Liquefied Petroleum Gas (LPG) and power to drive revenue generation.

    “We grew the lubricants business by 62 percent in 2016, to 21 million litres from 13 million litres recorded in 2015,” he added.

    According to him, the second pillar is to strengthen the company’s balance sheet through enhancement of working capital and efficient management of inventory and trade account receivables.

    “Another major pillar the company is moving its plans towards is the acquisition of the right upstream assets at the right price to increase market share,” he added.

    Omodayo-Owotuga further affirmed that Forte Oil would focus on mergers and acquisitions within the industry to increase its downstream business by looking at refineries.

    He said that the company would optimise distribution channels as well as partner with telecommunication firms and financial institutions for effective distribution of its services.

    He disclosed in terms of revenue contribution to the operations of the company in 2016, the upstream business has contributed 1.5 percent, power nine percent (9%) and the downstream 89.9 percent.

    “In terms of gross profit, power has contributed 20 percent, upstream five percent (5%) and the downstream contributed 75 percent,” he noted

    What a time to release their dumb ass story!


  • Re: Forte Oil Post #289258
    Posted at: 6:57 pm, 11th Jun 2017
    by baotoghile. SMN . Joined: 20th October 2007. Thanked 107 times.

    Forte Oil Woos Foreign Investors on Proposed N20 Billion Fresh Capital







    By Peter OBIORA InvestAdvocate

    Lagos (INVESTADVOCATE)-Oil marketing major, Forte Oil Plc on Friday said its wooing foreign investors in its proposed N20 billion fresh capital drive for the expansion of its operations.

    Julius Omodayo-Owotuga, group executive director, Finance and Risk Management of the company made this disclosure at a media parley with capital market journalists’ in Lagos.

    According to him, there are lots of foreign interest in the shares of Forte Oil Plc which he attributed to the company’s diversification strategy; operating in the downstream, upstream and power sectors of the Nigerian economy.

    He disclosed the oil marketing firm has approached the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to seek approval for the proposed N20 billion fresh fund raising.

    “We said to ourselves, because of the margin in downstream business, we cannot continue to use only debt; we have to bring in additional equity and we have started the process, we have approached SEC and the NSE, the GCEO is not here, he is meeting with some investors outside the country in respect to our N20 billion capital raising,” Omodayo-Owotuga said.

    In November 2016, Forte Oil announced it successfully raised N9 billion from a bond offering, which will be used to refinance existing short term bank loans and fund retail outlet expansion.

    “With the raising of this initial capital which has been fully underwritten shows the confidence the investing public has in Forte Oil Plc as an investment of choice,” Akin Akinfemiwa, group CEO of the company said.

    Akinfemiwa said the N9 billion five-year bond is the first tranche of a proposed N50 billion bond issuance programme.

    Late February this year, the NSE said it has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company.

    According to the company, the proceeds of the N9 Billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to expand downstream retail outlet footprints amongst others.


    Omodayo-Owotuga said that the proceeds from the N20 billion fresh capital will be used to enhance Forte Oil’s working capital, business expansion and downstream businesses.

    Forte Oil’s group executive director, Finance and Risk Management disclosed that shareholders of the company had earlier issued a mandate to raise fresh funds of up to N100 billion; out of which N9 billion has only been raised.

    Omodayo-Owotuga further disclosed that Forte Oil’s future plans are geared towards five (5) pillars to grow revenue and add value to its shareholders.

    He affirmed that the oil marketing firm will deepen its focus on high margin products such as lubricants, Liquefied Petroleum Gas (LPG) and power to drive revenue generation.

    “We grew the lubricants business by 62 percent in 2016, to 21 million litres from 13 million litres recorded in 2015,” he added.

    According to him, the second pillar is to strengthen the company’s balance sheet through enhancement of working capital and efficient management of inventory and trade account receivables.

    “Another major pillar the company is moving its plans towards is the acquisition of the right upstream assets at the right price to increase market share,” he added.

    Omodayo-Owotuga further affirmed that Forte Oil would focus on mergers and acquisitions within the industry to increase its downstream business by looking at refineries.

    He said that the company would optimise distribution channels as well as partner with telecommunication firms and financial institutions for effective distribution of its services.

    He disclosed in terms of revenue contribution to the operations of the company in 2016, the upstream business has contributed 1.5 percent, power nine percent (9%) and the downstream 89.9 percent.

    “In terms of gross profit, power has contributed 20 percent, upstream five percent (5%) and the downstream contributed 75 percent,” he noted


  • Re: Forum Member Missing Post #289257
    Posted at: 8:15 pm, 9th Jun 2017
    by shigidi. SMN . Joined: 6th July 2007. Thanked 28 times.

    donchisel;289256 wrote:
    May we plead with all forumites not to allow whatsapp take our SMN away

    Come to think of it. Forming a whatsapp group will actually be a good idea. With all old members of SMN. :)


  • Re: Forum Member Missing Post #289256
    Posted at: 1:18 pm, 9th Jun 2017
    by donchisel. SMN . Joined: 28th June 2007. Thanked 3 times.

    mercylicious;289240 wrote:
    Don't mind me. We chat daily on wassap.
    Rotfl

    May we plead with all forumites not to allow whatsapp take our SMN away


  • Re: Economicwatch Post #289252
    Posted at: 5:18 pm, 8th Jun 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.


    The guy really nailed it.

    Btw, i know the guy personally. You know say i be Security Guard on minimum wage. :D:D:D


  • Re: Economicwatch Post #289251
    Posted at: 2:24 pm, 8th Jun 2017
    by Waves. SMN . Joined: 12th March 2009. Thanked 275 times.

    migiets;289250 wrote:
    I quite agree they have some challenges and also are a problem. It seems they had some 'laptop' carrying foreign breed as experts and consultants that did not know nor take into account peculiar local conditions. For instance, i had expected them to have a road map on how to collect revenue from such places like Ajegunle, Amukoko, Igando, Okokomaiko, Police Baracks, Army barracks, Federal secretariats etc but they still want to stick to the old method of estimating bills that is fraught with so much corruption and leakages.

    This guy nailed it

    Privatisation of the Power Sector: What Went Wrong?, By Odion Omonfoman – Premium Times Opinion


  • Re: Economicwatch Post #289250
    Posted at: 1:15 pm, 8th Jun 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    duduspace;289248 wrote:
    The DISCOs truly have some understandable challenges but right now, they are the cogs in the wheel of progress. Did you hear some of the allegations Fashola made against them ? e.g not opening their financial books for scrutiny and rejecting power allocations with flimsy excuses.
    Also their revenue collection ratio is plain pathetic. 25% of revenue collectables ???
    I am sure some of those old NEPA/PHCN rogues are still there and their influence must be broken.

    They should tell Government how they can be helped in terms of stiffer punishment for criminal bypass of meters e.t.c.
    The GENCOs are the best functioning part, those ones just want good returns on their investement, the Transmissions is improving too but these DISCOs are really what Yorubas call Oniwahala.

    I quite agree they have some challenges and also are a problem. It seems they had some 'laptop' carrying foreign breed as experts and consultants that did not know nor take into account peculiar local conditions. For instance, i had expected them to have a road map on how to collect revenue from such places like Ajegunle, Amukoko, Igando, Okokomaiko, Police Baracks, Army barracks, Federal secretariats etc but they still want to stick to the old method of estimating bills that is fraught with so much corruption and leakages.


  • Re: Economicwatch Post #289249
    Posted at: 12:35 pm, 8th Jun 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    Waves;289247 wrote:
    I hope you know some of these debt they are talking about relates to power supplied not by these DISCOs but largely by NEPA and PHCN. Meanwhile, these businesses were sold with only the assets but no liabilities.

    What debts sef ? When government has given them financial support over 700b to stabilize them via NBET ???
    Those DISCOs need to be dealt with, Oga Migi should ask why they are resisting the Government's Willing buyer/Willing seller initiative and claiming a useless exclusivity clause that exists neither in spirit or letter of the privatization process.
    There are certainly other problems but these DISCOs right now are the main problem.


  • Re: Economicwatch Post #289248
    Posted at: 12:28 pm, 8th Jun 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    migiets;289246 wrote:
    Has all the levels of government paid their debts to the DISCOs?. Let the government pay their debts and then they can have the moral rights to castigate the DISCOs for non performance. Imagine if NITEL was privatized and the government still owing huge telephone bills.

    The DISCOs truly have some understandable challenges but right now, they are the cogs in the wheel of progress. Did you hear some of the allegations Fashola made against them ? e.g not opening their financial books for scrutiny and rejecting power allocations with flimsy excuses.
    Also their revenue collection ratio is plain pathetic. 25% of revenue collectables ???
    I am sure some of those old NEPA/PHCN rogues are still there and their influence must be broken.

    They should tell Government how they can be helped in terms of stiffer punishment for criminal bypass of meters e.t.c.
    The GENCOs are the best functioning part, those ones just want good returns on their investement, the Transmissions is improving too but these DISCOs are really what Yorubas call Oniwahala.


  • Re: Economicwatch Post #289247
    Posted at: 9:59 am, 8th Jun 2017
    by Waves. SMN . Joined: 12th March 2009. Thanked 275 times.

    migiets;289246 wrote:
    Has all the levels of government paid their debts to the DISCOs?. Let the government pay their debts and then they can have the moral rights to castigate the DISCOs for non performance. Imagine if NITEL was privatized and the government still owing huge telephone bills.

    I hope you know some of these debt they are talking about relates to power supplied not by these DISCOs but largely by NEPA and PHCN. Meanwhile, these businesses were sold with only the assets but no liabilities.


  • Re: Economicwatch Post #289246
    Posted at: 4:57 pm, 7th Jun 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    Waves;289245 wrote:
    Transmission is not our major problem for now. When DISCOs are rejecting power and govt is declaring "Eligible Customers", you know transmission is not an immediate problem

    Has all the levels of government paid their debts to the DISCOs?. Let the government pay their debts and then they can have the moral rights to castigate the DISCOs for non performance. Imagine if NITEL was privatized and the government still owing huge telephone bills.


  • Re: Economicwatch Post #289245
    Posted at: 4:30 pm, 7th Jun 2017
    by Waves. SMN . Joined: 12th March 2009. Thanked 275 times.

    migiets;289244 wrote:
    What of transmission?. Who is with it?.

    Transmission is not our major problem for now. When DISCOs are rejecting power and govt is declaring "Eligible Customers", you know transmission is not an immediate problem


  • Re: Economicwatch Post #289244
    Posted at: 4:21 pm, 7th Jun 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    Waves;289242 wrote:
    Power is now in private hands. We were told privatization is the silver bullet. Now there seems to be consensus that the govt has to dilute these private pretenders

    Solutions to Addressing the Challenges of the Power Sector Privatisation, By Odion Omonfoman – Premium Times Opinion

    What of transmission?. Who is with it?.


  • Re: UBA Plc Post #289243
    Posted at: 4:06 pm, 7th Jun 2017
    by Waves. SMN . Joined: 12th March 2009. Thanked 275 times.

    I have exited this one. Technical Analysis suggest we are due for a correction / reversal


  • Re: Economicwatch Post #289242
    Posted at: 4:02 pm, 7th Jun 2017
    by Waves. SMN . Joined: 12th March 2009. Thanked 275 times.

    migiets;289239 wrote:
    Power is not next. It is the only thing. Our leaders should just fix power and leave Nigerians alone. I see so many small business that all their profits go into energy which normally lead to them closing shop. Fix power and then fill the pot holes in our roads. I had cause to travel home last two weeks and for the first time in a long while, i did not take my car but decided to try out one transport company. I was really impressed with the service. Bad roads was the only problem i really see for them.

    Power is now in private hands. We were told privatization is the silver bullet. Now there seems to be consensus that the govt has to dilute these private pretenders

    Solutions to Addressing the Challenges of the Power Sector Privatisation, By Odion Omonfoman – Premium Times Opinion


  • Re: Forum Member Missing Post #289240
    Posted at: 2:10 pm, 7th Jun 2017
    by mercylicious. SMN . Joined: 30th January 2013. Thanked 23 times.

    arostuff;289234 wrote:
    Sister mercy, how can you mention all the missing names without including the only Oracle in the forum.

    Don't mind me. We chat daily on wassap.
    Rotfl


  • Re: Economicwatch Post #289239
    Posted at: 11:38 am, 7th Jun 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    duduspace;289238 wrote:
    I know, I just couldnt help pulling Oga Peterichy's legs. It takes serious stronghead to make things work in this country. When the currency speculators realized Government wouldnt budge, they fell in line as their influence was steadily whittled down. :D
    Both currency and fuel scarcity problems now lòok to be resolved in the long run although people suffered quite a bit.
    I wonder where to next and how the country can consolidate on these things to make Naija work for everybody and particularly for those willing to take risks that will involve increased production of goods and services.
    I think power should be next and all eyes should be fixed on Fashola.

    Power is not next. It is the only thing. Our leaders should just fix power and leave Nigerians alone. I see so many small business that all their profits go into energy which normally lead to them closing shop. Fix power and then fill the pot holes in our roads. I had cause to travel home last two weeks and for the first time in a long while, i did not take my car but decided to try out one transport company. I was really impressed with the service. Bad roads was the only problem i really see for them.


  • Re: Economicwatch Post #289238
    Posted at: 10:35 am, 7th Jun 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    migiets;289228 wrote:
    Which N1000/dollar?. The main proponent is now very active on the sister forum liquidating dollar holdings and taking positions on stocks that are on the rise in this bull run.

    I know, I just couldnt help pulling Oga Peterichy's legs. It takes serious stronghead to make things work in this country. When the currency speculators realized Government wouldnt budge, they fell in line as their influence was steadily whittled down. :D
    Both currency and fuel scarcity problems now lòok to be resolved in the long run although people suffered quite a bit.
    I wonder where to next and how the country can consolidate on these things to make Naija work for everybody and particularly for those willing to take risks that will involve increased production of goods and services.
    I think power should be next and all eyes should be fixed on Fashola.


  • Re: GoldLink Insurance Post #289237
    Posted at: 7:55 am, 7th Jun 2017
    by banetaeyandexta4376. SMN . Joined: 7th June 2017. Thanked 0 times.

    ; wrote:
    Анализа и споредба на безбедна и најдобра девизен курс компании fx-brokers-review.com/index_mk.html


  • Re: Forum Member Missing Post #289236
    Posted at: 5:39 pm, 6th Jun 2017
    by ayemco. SMN . Joined: 28th September 2007. Thanked 13 times.

    mercylicious;289233 wrote:
    Why is everybody missing?
    My hispy, KOd, oga waan,rado,yemo, dico , everybody.
    Please come back.

    I need you now, more than ever.
    +The forum sef dey miss


  • Re: Forum Member Missing Post #289235
    Posted at: 4:02 pm, 6th Jun 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    mercylicious;289233 wrote:
    Why is everybody missing?
    My hispy, KOd, oga waan,rado,yemo, dico , everybody.
    Please come back.

    I need you now, more than ever.

    When you yourself miss, why others no go miss?. Btw, i dey see you and Octopus for the other side wella.


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