Thread: First Aluminium
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Old 17th June 2008, 11:27 PM
knightofdelta knightofdelta is offline
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Default Time will tell

Some analysts have been saying that First Aluminum is going to be one of the best investment for this year and the next. They say that this company owns the largest share of the aluminum market in Nigeria and based on the expansionary budget, this company is going to benefit because we need this particular metal in the construction industry, which we have been told is about to experience a boom.

If what Kola Karim, the MD of Shoreline, that invested in Costain and turned it around, and also took over Nigerian Ropes, is anything to go by, I will not be surprised if he looks towards First Alum. This is just mere speculation... and chances are it is not likely to happen.

Another thing to consider is that this company is releasing results, meaning that they are doing something even if they are losing. We know it does not fall into the category of moribund.

If investing by the gut is anything of note, I will acquire the shares of this company but unfortunately, I dont have money to gamble.
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