Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Conglomerate stocks

Conglomerate stocks Transcorp, Pz, UAC, Unilever, UTC, SCOA, Leventis, John Holt,

Welcome to the StockMarketNigeria.com Forums.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #41 (permalink)  
Old 2nd October 2008, 02:38 PM
spotball's Avatar
Rank: Junior Member
Points: 1,188, Level: 18
Points: 1,188, Level: 18 Points: 1,188, Level: 18 Points: 1,188, Level: 18
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jan 2008
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
spotball is on a distinguished road
Default Re: Unilever

Pls house, i need to know how many times unilever have issued bouns and how many.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #42 (permalink)  
Old 2nd October 2008, 02:42 PM
spotball's Avatar
Rank: Junior Member
Points: 1,188, Level: 18
Points: 1,188, Level: 18 Points: 1,188, Level: 18 Points: 1,188, Level: 18
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jan 2008
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
spotball is on a distinguished road
Default Re: Unilever

How many times Unilever have issued bouns since 2002.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #43 (permalink)  
Old 2nd October 2008, 06:34 PM
Babs_O's Avatar
Rank: Senior Member
Points: 9,284, Level: 64
Points: 9,284, Level: 64 Points: 9,284, Level: 64 Points: 9,284, Level: 64
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Dec 2007
Location: Nigeria
Posts: 1,329
Thanks: 18
Thanked 18 Times in 14 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 9
Babs_O will become famous soon enough
Default Re: Unilever

Quote:
Originally Posted by spotball View Post
How many times Unilever have issued bouns since 2002.
Year Closure Date Bonus Dividend
· 2006 2006/05/15 1 for 4 -
· 2005 2005/04/04 70K
· 2004 2004/03/22 61K
· 2003 2003/03/24 50K
· 2002 2002/06/03 3 FOR 2
· 2002 2002/04/02 104K
· 2001 2001/05/14 70K
· 2000 2000/05/22 35K
· 1999 1999/05/10 11K
· 1998 1998/05/04 1 FOR 5

Courtesy of CSCS site. (Think site is ~ 95% updated) Click the green font link below to reach the site.
www.cscsnigerialtd.com - Search

Click thanks for me if you find this useful.
__________________
The standard of living of any society is based on the goods and services available therein. The result of business ventures. My prayer is for God's mercy to save us from the hands of Nigerians who come to leadership positions to set the country backwards.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #44 (permalink)  
Old 3rd October 2008, 01:49 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 88,000, Level: 100
Points: 88,000, Level: 100 Points: 88,000, Level: 100 Points: 88,000, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,266
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: Unilever

Quote:
Originally Posted by Babs_O View Post
Year Closure Date Bonus Dividend
· 2006 2006/05/15 1 for 4 -
· 2005 2005/04/04 70K
· 2004 2004/03/22 61K
· 2003 2003/03/24 50K
· 2002 2002/06/03 3 FOR 2
· 2002 2002/04/02 104K
· 2001 2001/05/14 70K
· 2000 2000/05/22 35K
· 1999 1999/05/10 11K
· 1998 1998/05/04 1 FOR 5

Courtesy of CSCS site. (Think site is ~ 95% updated) Click the green font link below to reach the site.
www.cscsnigerialtd.com - Search

Click thanks for me if you find this useful.
ok..i will click it for you
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #45 (permalink)  
Old 17th October 2008, 05:55 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 88,000, Level: 100
Points: 88,000, Level: 100 Points: 88,000, Level: 100 Points: 88,000, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,266
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: Unilever

Latest Market Info
UNILEVER: 9 MONTHS REPORT 2008
UNILEVER NIGERIA PLC, PERIOD 9 MONTHS 30-09-2008 TURNOVER 08 N27.951b, 07 N26.505b

PBTAXATION 08 N2.283b, 07 N1.646b

TAXATION 08 (N731m) 07 (N527m)

PAT 08 N1.552b, 07 N1.119b
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #46 (permalink)  
Old 18th October 2008, 01:35 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 88,000, Level: 100
Points: 88,000, Level: 100 Points: 88,000, Level: 100 Points: 88,000, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,266
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: Unilever

Quote:
Originally Posted by hispy99 View Post
Latest Market Info
UNILEVER: 9 MONTHS REPORT 2008
UNILEVER NIGERIA PLC, PERIOD 9 MONTHS 30-09-2008 TURNOVER 08 N27.951b, 07 N26.505b

PBTAXATION 08 N2.283b, 07 N1.646b

TAXATION 08 (N731m) 07 (N527m)

PAT 08 N1.552b, 07 N1.119b
Interesting result PBT and PAT for 6M were N2.28B and N1.55B respectively...so what happened between Q2 and Q3?
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #47 (permalink)  
Old 10th November 2008, 06:19 PM
edunko's Avatar
Rank: Senior Member
Points: 1,542, Level: 22
Points: 1,542, Level: 22 Points: 1,542, Level: 22 Points: 1,542, Level: 22
Activity: 4%
Activity: 4% Activity: 4% Activity: 4%
 
Join Date: Sep 2008
Posts: 167
Thanks: 0
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
edunko is on a distinguished road
Default Re: Unilever

For a stock that paid 0.75 in 2006, if you ask me. its a good buy at the current price of 12 naira.

pls does anyone know why the price of this stock is still fallen.

while i wait for the answer, i will order small.

anyone who has info on this stock should open up.

what is the fwd EP ?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #48 (permalink)  
Old 10th November 2008, 10:10 PM
zainabusman's Avatar
Rank: Senior Member
Points: 9,730, Level: 66
Points: 9,730, Level: 66 Points: 9,730, Level: 66 Points: 9,730, Level: 66
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Jan 2008
Posts: 3,110
Thanks: 22
Thanked 36 Times in 26 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 14
zainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of light
Default Re: Unilever

Quote:
Originally Posted by edunko View Post
For a stock that paid 0.75 in 2006, if you ask me. its a good buy at the current price of 12 naira.

pls does anyone know why the price of this stock is still fallen.

while i wait for the answer, i will order small.

anyone who has info on this stock should open up.

what is the fwd EP ?
Not so fast. They paid 25k for year endindg Dec 2007. I have a copy of my dividend warrant in front of me.

I dont have the fwd EPS. They are just recovering from poor years. I have very few units from a lost certificate which i cant bother getting replaced.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #49 (permalink)  
Old 11th November 2008, 01:37 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 88,000, Level: 100
Points: 88,000, Level: 100 Points: 88,000, Level: 100 Points: 88,000, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,266
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: Unilever

Quote:
Originally Posted by edunko View Post
For a stock that paid 0.75 in 2006, if you ask me. its a good buy at the current price of 12 naira.

pls does anyone know why the price of this stock is still fallen.

while i wait for the answer, i will order small.

anyone who has info on this stock should open up.

what is the fwd EP ?
I have a trailing PE ~ 25
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #50 (permalink)  
Old 5th February 2009, 12:11 PM
chrischigoz's Avatar
Rank: Senior Member
Points: 2,514, Level: 30
Points: 2,514, Level: 30 Points: 2,514, Level: 30 Points: 2,514, Level: 30
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Dec 2008
Location: Copenhangen/Denmark
Posts: 136
Thanks: 2
Thanked 2 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
chrischigoz is on a distinguished road
Default Re: Unilever

Panic as Unilever, PZ threaten to leave Nigeria [Archive] - The Village Square

Last edited by Ikechukwu Emelike; 13th June 2009 at 03:13 PM. Reason: "Copyright infringement - content removed and replaced with link"
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #51 (permalink)  
Old 5th February 2009, 02:15 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 88,000, Level: 100
Points: 88,000, Level: 100 Points: 88,000, Level: 100 Points: 88,000, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,266
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: Unilever

Quote:
Originally Posted by chrischigoz View Post
Panic as Unilever, PZ threaten to leave Nigeria
05 Feb. 2009 00:00
Dipo Kehinde, Segun Adeleye & Segun Edwards

Unilever Plc and... Paterson Zochonis (PZ) Plc are considering pulling out of Nigeria, with possible relocation to neighbouring, Ghana because they could no longer bear the loss to business from the continued deplorable state of basic infrastructure in the country.

This is getting worrisome. There'll be no manufacturing company in Nigeria very soon.
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #52 (permalink)  
Old 5th February 2009, 05:26 PM
invisible!'s Avatar
Rank: Junior Member
Points: 970, Level: 16
Points: 970, Level: 16 Points: 970, Level: 16 Points: 970, Level: 16
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Apr 2008
Posts: 23
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
invisible! is on a distinguished road
Default Re: Unilever

If the manufacturers leave, the service companies feeding off the companies will perish, then the banks will have nobody to borrow from them and do pojects, chain reactions.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #53 (permalink)  
Old 5th February 2009, 05:42 PM
knightofdelta's Avatar
Forum Moderator
Rank: Senior Member
Points: 43,143, Level: 100
Points: 43,143, Level: 100 Points: 43,143, Level: 100 Points: 43,143, Level: 100
Activity: 44%
Activity: 44% Activity: 44% Activity: 44%
 
Join Date: Nov 2007
Posts: 10,335
Thanks: 542
Thanked 668 Times in 534 Posts
Groans: 18
Groaned at 7 Times in 6 Posts
Blog Entries: 11
Rep Power: 22
knightofdelta is a glorious beacon of lightknightofdelta is a glorious beacon of lightknightofdelta is a glorious beacon of lightknightofdelta is a glorious beacon of lightknightofdelta is a glorious beacon of light
Default Re: Unilever

I can't believe this. This is scary news...
__________________
The Knight of Delta

"Pursue excellence and success will follow, pants down" - Ranchoddas Shamaldas Chanchad
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #54 (permalink)  
Old 5th February 2009, 08:50 PM
solainvest's Avatar
Rank: Senior Member
Points: 8,979, Level: 63
Points: 8,979, Level: 63 Points: 8,979, Level: 63 Points: 8,979, Level: 63
Activity: 3%
Activity: 3% Activity: 3% Activity: 3%
 
Join Date: Feb 2008
Posts: 449
Thanks: 7
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
solainvest will become famous soon enoughsolainvest will become famous soon enough
Send a message via Yahoo to solainvest
Default Re: Unilever

Quote:
Originally Posted by knightofdelta View Post
I can't believe this. This is scary news...
You are right that it is scary but what should investors in either PZ or Unilever do?

The scenarios are:
1. If these companies decide to quit, they will ask to delist. What will happen to shareholders considering that everybody might be dumping their shares. The company might just say we will pay each shareholder xNaira?????

2. The company might just decide to go the way of Dunlop (a recent case). They will remain in Nigeria but halt production. We are all a witness to what happened to Dunlop shares.

In my humble opinion, we should all hold a diversified portfolio and if your portfolio is skewed to multinational manufacturing companies, be very careful. The reason why I stressed multinational manufacturing companies is due to decisions been made abroad. Someone in UK puts together some figures and makes a decision.

Their decisions are based on various factors which a Nigerian manufacturing company might not do (as quickly as they would).

I will watch events before buying into these companies.

Comments are welcome.

Caveat: I currently do not own PZ or Unilever.
__________________
Matt 6:33
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #55 (permalink)  
Old 6th February 2009, 12:44 AM
zainabusman's Avatar
Rank: Senior Member
Points: 9,730, Level: 66
Points: 9,730, Level: 66 Points: 9,730, Level: 66 Points: 9,730, Level: 66
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Jan 2008
Posts: 3,110
Thanks: 22
Thanked 36 Times in 26 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 14
zainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of lightzainabusman is a glorious beacon of light
Default Re: Unilever

Quote:
Originally Posted by solainvest View Post
You are right that it is scary but what should investors in either PZ or Unilever do?

The scenarios are:
1. If these companies decide to quit, they will ask to delist. What will happen to shareholders considering that everybody might be dumping their shares. The company might just say we will pay each shareholder xNaira?????

2. The company might just decide to go the way of Dunlop (a recent case). They will remain in Nigeria but halt production. We are all a witness to what happened to Dunlop shares.

In my humble opinion, we should all hold a diversified portfolio and if your portfolio is skewed to multinational manufacturing companies, be very careful. The reason why I stressed multinational manufacturing companies is due to decisions been made abroad. Someone in UK puts together some figures and makes a decision.

Their decisions are based on various factors which a Nigerian manufacturing company might not do (as quickly as they would).

I will watch events before buying into these companies.

Comments are welcome.

Caveat: I currently do not own PZ or Unilever.
I doubt if PZ will go the way of Dunlop. They are too embedded in Nigeria. They have been here through thick and thin for over 6 decades. It might also interest u to know that PZ Nigeria is a very important subsidiary of the UK parent.

While in school some years ago i examined PZ UK and Unilever. PZ UK is a small company compared to the global Unilever. PZ Cussons UK is a medium cap company and is part of the FTSE 250. While Unilever is in FTSE 100 Index and is among the large cap UK companies. It will be easier for Unilever to leave Nigeria but frankly i cant see PZ leaving. There is no reason for PZ to leave. They are profitable. Unilever on the other hand has been struggling for some time.

Anyway that is my opinion. Lets wait to hear what the companies themselves have to say.

Last edited by zainabusman; 6th February 2009 at 09:54 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #56 (permalink)  
Old 6th February 2009, 09:17 AM
waaan5's Avatar
Forum Moderator
Rank: Senior Member
Points: 17,288, Level: 83
Points: 17,288, Level: 83 Points: 17,288, Level: 83 Points: 17,288, Level: 83
Activity: 29%
Activity: 29% Activity: 29% Activity: 29%
 
Join Date: Jun 2007
Posts: 3,977
Thanks: 306
Thanked 302 Times in 231 Posts
Groans: 2
Groaned at 6 Times in 5 Posts
Rep Power: 11
waaan5 will become famous soon enough
Default Re: Unilever

Quote:
Originally Posted by zainabusman View Post
I doubt if PZ will go the way of Dunlop. They are too embedded in Nigeria. They have been here through tick and thin for over 6 decades. It might also interest u to know that PZ Nigeria is a very important subsidiary of the UK parent.

While in school some years ago i examined PZ UK and Unilever. PZ UK is a small company compared to the global Unilever. PZ Cussons UK is a medium cap company and is part of the FTSE 250. While Unilever is in FTSE 100 Index and is among the large cap UK companies. It will be easier for Unilever to leave Nigeria but frankly i cant see PZ leaving. There is no reason for PZ to leave. They are profitable. Unilever on the other hand has been struggling for some time.
Anyway that is my opinion. Lets wait to hear what the companies themselves have to say.
Agreed. It is all about the bottom-line. There ought not to be any emotions about it. No multi-national or national business for that matter exist here as charity. If a business is not making money, it would consider its options. Period. If the business opportunity remains while a business leaves, others would take its place. These companies know this and are not prepared to totally leave. They are just transforming from manufacturers to importers because the environment allows that. Case in point are michelin and dunlop. I think what the govt can do to help the situation is to consider restrictions on importation of non essentials and locally manufactured products. SO doing, they would be helping local capacity and dissuading intending transformers (from product manufacturers to product marketers).

Last edited by waaan5; 6th February 2009 at 09:19 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #57 (permalink)  
Old 6th February 2009, 10:11 AM
chrischigoz's Avatar
Rank: Senior Member
Points: 2,514, Level: 30
Points: 2,514, Level: 30 Points: 2,514, Level: 30 Points: 2,514, Level: 30
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Dec 2008
Location: Copenhangen/Denmark
Posts: 136
Thanks: 2
Thanked 2 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
chrischigoz is on a distinguished road
Default Re: Unilever

Quote:
Originally Posted by waaan5 View Post
Agreed. It is all about the bottom-line. There ought not to be any emotions about it. No multi-national or national business for that matter exist here as charity. If a business is not making money, it would consider its options. Period. If the business opportunity remains while a business leaves, others would take its place. These companies know this and are not prepared to totally leave. They are just transforming from manufacturers to importers because the environment allows that. Case in point are michelin and dunlop. I think what the govt can do to help the situation is to consider restrictions on importation of non essentials and locally manufactured products. SO doing, they would be helping local capacity and dissuading intending transformers (from product manufacturers to product marketers).
Government restriction on importation of non essential would have help but unfortunately, there is this Ecowas trade free agreement which invariably incapacitated this option and that is the main reason why both companies are considering Ghana option
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #58 (permalink)  
Old 6th February 2009, 10:19 AM
chrischigoz's Avatar
Rank: Senior Member
Points: 2,514, Level: 30
Points: 2,514, Level: 30 Points: 2,514, Level: 30 Points: 2,514, Level: 30
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Dec 2008
Location: Copenhangen/Denmark
Posts: 136
Thanks: 2
Thanked 2 Times in 2 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
chrischigoz is on a distinguished road
Default Re: Unilever

I think the solution for all these mess should be for Government to bring out a sincere developmental plan which will help to improve state infrastructure most especially power problem. No restriction is viable option if infrastructures are in place, in this case Companies will be wooing and lobbying the state to remain not the other way round.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #59 (permalink)  
Old 6th February 2009, 02:16 PM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 88,000, Level: 100
Points: 88,000, Level: 100 Points: 88,000, Level: 100 Points: 88,000, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,266
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: Unilever

Quote:
Originally Posted by waaan5 View Post
Agreed. It is all about the bottom-line. There ought not to be any emotions about it. No multi-national or national business for that matter exist here as charity. If a business is not making money, it would consider its options. Period. If the business opportunity remains while a business leaves, others would take its place. These companies know this and are not prepared to totally leave. They are just transforming from manufacturers to importers because the environment allows that. Case in point are michelin and dunlop. I think what the govt can do to help the situation is to consider restrictions on importation of non essentials and locally manufactured products. SO doing, they would be helping local capacity and dissuading intending transformers (from product manufacturers to product marketers).
The best way to encourage local manufacturing is to provide incentives and infrastructure for companies. Providing power, god roads, abolishing multiple taxes will go a long way in dissuading intending transformers. If it makes sense cost wise to produce in Nigeria, nobody will want to transform to an importer.
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #60 (permalink)  
Old 6th February 2009, 08:40 PM
prince dagbolu's Avatar
Rank: Senior Member
Points: 4,394, Level: 42
Points: 4,394, Level: 42 Points: 4,394, Level: 42 Points: 4,394, Level: 42
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jan 2008
Posts: 361
Thanks: 0
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 7
prince dagbolu will become famous soon enough
Default Re: Unilever

Quote:
Originally Posted by waaan5 View Post
Agreed. It is all about the bottom-line. There ought not to be any emotions about it. No multi-national or national business for that matter exist here as charity. If a business is not making money, it would consider its options. Period. If the business opportunity remains while a business leaves, others would take its place. These companies know this and are not prepared to totally leave. They are just transforming from manufacturers to importers because the environment allows that. Case in point are michelin and dunlop. I think what the govt can do to help the situation is to consider restrictions on importation of non essentials and locally manufactured products. SO doing, they would be helping local capacity and dissuading intending transformers (from product manufacturers to product marketers).
Waaan5, you are right to an extent. But, no sensible business man/woman would take their place. They too will have to manufacture at a loss. Because, Nigeria is one of the most expensive countries in the world to manufacture any product.

This is why companies want to import into Nigeria. It is cheaper to import. Unfortunately, we have been ruled by a bunch of unproductive beings for 49 years. Therefore, our manufacturing sector is in this state today.

Look at how rich our rulers have become in the last 49 years without any of them manufacturing anything. Which off them is involved in manufacturing in Nigeria? They don't care, and they probably think those of us who try to manufacture things in Nigeria are fools.

Sadly, things are actually getting worse with no plans to arrest this deterioration. I don't know what planet our rulers come from.

We political parties with no polotical nor economic plans. What a country.

These governments ban things from being imported, only for their wives and cronies to bring the same product into the Nigeria and sell to you and me.
__________________
When others are fearful be greedy. When others are greedy be fearful. Warren Burfett.

Last edited by prince dagbolu; 6th February 2009 at 08:49 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

« Scoa | PZ »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT +1. The time now is 05:13 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
StockMarketNigeria.comAd Management plugin by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37