Originally Posted by bivins1
I thank you for this. I do not really know where to start in this country .I get offended when people say they cannot invest in companies solely owned by Nigeria but there is a lot of truth in it and there is nothing to be offended about just because they are a few good ones that you can count on your fingers. Japaul, NEM, Cileasing , Union Diagnostic to mention but a few are very good businesses run by solely by bad Nigerian Managers They make profit for themselves to the detriment of the ordinary shareholders
As it is these are issues we should all be taking seriously as long as you are in the market. It shouldnt be a case of "wetin concern me" because you do not have shares in the company. Tommorow it may be the turn of your company. If other companies see that companies get away with stuff like this, they will be tempted to do it but once they are serious repercussions , it will deter others from following .
I have done my best to report all the market infarctions to NSE
and I have reported this already .
They will be fall outs from previous incidents I have reported . sometimes some of these things take time
If nothing serious is done to curb the attitudes of these companies it will be very difficult to attract investors to invest in the NSE
If you invest in the NSE
then go to the NSE
and SEC on twitter and lay your complaints . Believe me some of the complaints have yielded some positive actions.
The search light is going to be on Centurion registrars soon. They are officially the worst as of now.
Good luck to every one
fellow smnites, pls let us all join hands and surport nse
proposal of 1k per value. Some idiotic firms will be forced to sit up or loose out. Pls do nt fold ur hands, contribute to a positive change which ever way u can. Dnt allow these companies to continue to take us for granted. Say no to: under reporting,over inflated opex, delays and foot dragging in reportin, questionable deeps and losses,imparement e.t.c. These are just conduit pipes to siphon money.