Quote:
Originally Posted by sofesky
It's not about the time to invest, it's about the value of the Company! Everyone ought to look at the prospectus themselves and be their own judge.
In my opinion, Honeywell Flour Mills is a solid Company and a lot better than many others that are currently on the exchange
(By the way, just because someone is positive about the Company does not necessarily mean they are an employee  ) |
Mmm...its not the time but the value? But how can one separate the time from the investment? I thought the value of something has a lot to do with time? I mean...all those ratios that was bandied about in the offer prospectus have to do with time, don't they? The sociopolitical developments in the country now is also a factor of time I think.
Anyway, look at it this way: why would I buy what is over-priced now (see the ratios mentioned by Hispy99) and with all the odds stacked against it (meaning Dangote and Flour Mills Nigeria, falling naira, the drought in Australia that made wheat prices higher) and hope a bigger fool will buy it off me later when I can buy what is under-priced on the floor of the
NSE now and hope that a reasonable person will later pay me the right price for it?
Thank you but I am not buying Honeywell despite my sentimental interest (someone connected with Otudeko was my younger brother's teacher in Ibadan in those days).