MarketWatch

[hispy99]

Big stockbroking firms thrive on foreign investors patronage

[hispy99]

Financial, consumer stocks lift NSE's market capitalisation by N17 billion

[Dicobody]

NSE lists names of beneficiaries of bail-out packages

[overload]

Originally Posted by Dicobody

NSE lists names of beneficiaries of bail-out packages

I did not count up to 84 names here! Are there some 'ghost' stock brokers in the list?

[emmanuel ewumi]

Originally Posted by Dicobody

NSE lists names of beneficiaries of bail-out packages

I don't really support the bail out. We should all take responsibility for our stupidity and smartness.

[overload]

Originally Posted by emmanuel ewumi

I don't really support the bail out. We should all take responsibility for our stupidity and smartness.

imagine what would have happened if the US govt did not bail out Bank of America and AIG!

At times we need to take the lesser evil!

[emmanuel ewumi]

Originally Posted by overload

imagine what would have happened if the US govt did not bail out Bank of America and AIG!

At times we need to take the lesser evil!

Thank God Sanusi, did not allow our banks to get to this level.

Stockbrokers took speculative positions and they should carry there crosses. I made small money speculating in stocks, i also lost money speculating. But I am out of debt, because i took a risk that will not have adverse effect on my networth.

Imagine Ololo owing almost 90 billion naira, what assets or businesses apart from his stocks that will pay back this debt. I am not sure if his stocks are currently up to 40 billion Naira.

[hispy99]

Originally Posted by overload

imagine what would have happened if the US govt did not bail out Bank of America and AIG!

At times we need to take the lesser evil!

So these brokers are that important? If they happen to fail, what will be the effect on Nigeri's capital or financial system?

[overload]

Originally Posted by hispy99

So these brokers are that important? If they happen to fail, what will be the effect on Nigeri's capital or financial system?

Are you not aware of how many banks Ololo single handedly crashed?

If not for CBN and that AMCON bail out , you think our financial system will be where it is today?

[hispy99]

Originally Posted by overload

Are you not aware of how many banks Ololo single handedly crashed?

If not for CBN and that AMCON bail out , you think our financial system will be where it is today?

You just made a case for the bank bail out; banks were important to the financial system. What is the justification for brokers?

[overload]

Originally Posted by hispy99

You just made a case for the bank bail out; banks were important to the financial system. What is the justification for brokers?

what am saying is that just as bailing the bank is not a bad idea, bailing out brokers who took the loans is also not a badder idea....without brokers then we all we all go to the floor to trade our shares ourselves abi?

[hispy99]

Originally Posted by overload

what am saying is that just as bailing the bank is not a bad idea, bailing out brokers who took the loans is also not a badder idea....without brokers then we all we all go to the floor to trade our shares ourselves abi?

Why stop with the brokers? investors like me nko? Did some of us not take loans to feed the bubble? Do we not deserve to be bailed out too? After all, without investors, there would be no capital markets.

[overload]

Originally Posted by hispy99

Why stop with the brokers? investors like me nko? Did some of us not take loans to feed the bubble? Do we not deserve to be bailed out too? After all, without investors, there would be no capital markets.

Well done Otunba!! Now You are talking! dem for bail all of us out!

[nosa2]

Originally Posted by hispy99

Why stop with the brokers? investors like me nko? Did some of us not take loans to feed the bubble? Do we not deserve to be bailed out too? After all, without investors, there would be no capital markets.

Bailing out the brokers makes absolutely no economic sense when you now factor in the fact that we even have too many brokers it then becomes out right stupid.

The economic team no just try for this one and dem fall my hand

[hispy99]

Originally Posted by overload

Well done Otunba!! Now You are talking! dem for bail all of us out!

So how will you compensate investors? The investor that took the biggest risk by borrowing the most should get more govt help than the investor who took the smallest loan? What about those people that do not invest? How many Nigerians are investors? Those that did not invest, what form of bailout should they be entitled to? Abi, the money you want to use to bail out stock brokers and investors does not belong to them to?

[pegheneji]

Originally Posted by overload

what am saying is that just as bailing the bank is not a bad idea, bailing out brokers who took the loans is also not a badder idea....without brokers then we all we all go to the floor to trade our shares ourselves abi?

when will they bail out investors? my money is trapped in IAA. one former banker of hallmark bank was on hunger strike the other day because the bank he help to kill could not recapitalise, what will investors like me who lost his investments in Gulfbank do?

when in 2003 they were making 7 times their investment in one year no one share the profit with tax payers, i personally made about 500% in japaul between february and june 2007. people should know that in what ever business you are running, you should bear the cross and the crown and cannot accept the crown and want the public to carry the cross. i rearly do not belong to the school of thought that believe that stock prices should be supported rather goverment should work toward listed companies performing better and givng good dividend. Nestle got to where it is today not because of stockbrokers but because of return. no matter what the govt do, if the likes of Oando still cannot be punished, it will just be like pouring water in basket worst still, if such money can be channelled for roads and railways together with power, it will help the stock market rather this father christmas

[knightofdelta]

I had an encounter with a Nigerian Stockbroker yesterday and all I can say is I pity anybody that gives his funds to stockbrokers to manage. They are traders, not investors. They are good at their game but they are bad in the game of fund management.

Navigating the Nigerian Investment Terrain: My Experience with a Nigerian Stockbroker

[hispy99]

NSE turnover dips by 17%

[pegheneji]

Originally Posted by knightofdelta

I had an encounter with a Nigerian Stockbroker yesterday and all I can say is I pity anybody that gives his funds to stockbrokers to manage. They are traders, not investors. They are good at their game but they are bad in the game of fund management.

Navigating the Nigerian Investment Terrain: My Experience with a Nigerian Stockbroker

That is exactly the annoying advise I get from my contact person of the new 'reputable' stockbrocking firm I moved to. It got to the extent that he said I just have a lot of money idle without using it and advise I should then put the money in one of their fixed package, I told him that I am never in a rush to buy and that I watch the market daily to take any oppotunity which will elude me also if I fixed the income. I have since bought and is currently advising that I have not traded of recent thinking I should sell some stocks where I think I have made some profit to buy new ones and that GTB for example is giving massive bonus and I should take possition, I told him that I go through d portfolio again and sell if neccessary.

[hispy99]

Reps insist on removal of SEC DG, Oteh - The Punch - Nigeria's Most Widely Read Newspaper