@invisible
@naoimi101
hi guys,i was a party the globe re offer, the story wey dey there plenty but at the end of the day u will have cause to smile.the following are the main points u can reach me 4 details.
1. your funds are safe: the funds for the pp is still wt afribank cap mkt ltd the issuing house,it hasnt been written or transferred to globe re b4 the naicom wahala statrted.
2. globe re wanted to merge with nigerian re but broke that mou when it was discoverered nig re has falsified books.
3.globe re has gotten approval in principle and shuld soon get full certificates frm naicom.
4. the big boys are beginning to pick interest in globe re and they want to buy big time thereby muscling small investors out.
5. first bank also wants to take up 30% stake in the coy with abt N4B
6. globe re currently has N18B has its capital base, but investors need to pray that the big boys dont play the role of spoilers if things dont work out in their favor.

My broker told me to steer clear of Globe re till next year.

HELLO ALL

SEASON GREETINGS TO EVERYBODY.

Quick one, can anybody tell me insurance stocks i can quickly put some funds in. i'll appreciate a clear reason for your recommendation.

many thanks

https://www.nairaland.com/nigeria/topic-101460.0.html

OYA! Ololufemi. come and explain what tricks your beloved "Jim the Dream" is playing here. And what does it mean for PO buyers? Beware or what?

@ Pangolo,

Oya Tin man, did you read that thread well, there is some who disputed the statement and they are still going to implement the T24 system for their bank.

Some people who even collect the salary do not even know what to do with it except drink their joys out at bars and clubs.

Pangolo, do you want to reap benefits for your investment or you want to join a gossip forum. For gossip forum, city people is more appropriate.

Word of advice, do not invest in Zenith now and see if you will be able to buy it at N64 next year.

Oya, I dey expect your reply.

@ All,

FCMB lost 5% today,

Still standing strong and here is to wish Fatherof2 a merry christmas and a happy new year in advance.

Baba, we dey kampe oh. No shaking.

ololufemi:

@ All,
FCMB lost 5% today,

Stay strong. It's an okay stock. Consider averaging down.

@ Easimoni,

Thanks a lot brother and I m staying cool about it. I know I will surely laugh cause its a good stock.

@ololufemi

bros, no be only Father of 2 dey this forum oh. You no go wish the rest of us sef Merry Xmas.

@All

Christmas Wishes and Happy New Year to all on this forum. May the good Lord grant all our hearts desires in 2008. For those travelling anywhere in the world. I wish you all journey mercies.
I joined this forum about 3 months ago and i have been hooked ever since.
3 gbosa to all on the forum no matter how small the contribution. Afterall little drops make an ocean.

Happy trading in 2008.


@ Easimoni

Can you please use a typical example (e.g. bought Nascon @ 22 and then starts falling) to discuss this averaging down concept. I always come across it, but to me one is still in a loss position no matter what.  

@ All Gugurus

In 2008 we shall become Gurus,

kpineo:

@ololufemi

bros, no be only Father of 2 dey this forum oh. You no go wish the rest of us sef Merry Xmas.

@All

Christmas Wishes and Happy New Year to all on this forum. May the good Lord grant all our hearts desires in 2008. For those travelling anywhere in the world. I wish you all journey mercies.
I joined this forum about 3 months ago and i have been hooked ever since.
3 gbosa to all on the forum no matter how small the contribution. Afterall little drops make an ocean.

Happy trading in 2008.


@ Easimoni

Can you please use a typical example (e.g. bought Nascon @ 22 and then starts falling) to discuss this averaging down concept. I always come across it, but to me one is still in a loss position no matter what. 

@ All Gugurus

In 2008 we shall become Gurus,

kpineo happy christmas and Newyear.You're already a guru, you'll only be better by next year.My advice to you and many others is to always keep track and records of all that has happened and will happen in the NSE.That will be your map for 09'

The stock market is always rigged to make you loose.But no fears my brother,like easimoni says it will be ok.
In the newyear new strategies shall be revealed.

@ololufemi,

    I don't only wish you a merry christmas and Newyear, i also pray for more wisdom for you
and that your pocket shall grow fat this year.Very fat with cash.

I shall say special prayers for all by 12midnight of Dec 31st.
The stock market requires prayer so God will always make the right stock picks for us all.Only he can see the 4th quarter result.
And let us remember to give something this December out of all the profits for 07' so 08' will be bountifull.
God showers blessings on every single one of us each day.If you close and tighten your fist because you're holding on to that small money,you won't receieve more STOCK MONEY.
Its only when you open that fist to give that the shower of blessing will land on your palm literally.

FatherOF2:

I shall say special prayers for all by 12midnight of Dec 31st.
The stock market requires prayer so God will always make the right stock picks for us all.Only he can see the 4th quarter result.
And let us remember to give something this December out of all the profits for 07' so 08' will be bountifull.
God showers blessings on every single one of us each day.If you close and tighten your fist because you're holding on to that small money,you won't receieve more STOCK MONEY.
Its only when you open that fist to give that the shower of blessing will land on your palm literally.

Very well said Baba Two, the giver is always on top!

@

First I must say thank you to all of you in this forum. A forum which has so much uplifted my rather limited knowledge of stockmarket.
Been a hoooooked observer since I joined about three months back.
Have had my questions asked by fellow 'learners' who are faster on the button and answered by gurus that spare nothing in sharing their wealth of knowledge and time gratis.

Hi SEUN, please keep up the filters and continue to keep it neat and focused.

Team, may the joy of Xmas and fruitful investments in the coming year be your cup of tea.

@Father of 2

well said. Whoever needs money should give it first. 11TH commandment !!!


@Ololufemi ,

as per fcmb , no worries .If it was good @17.45 , its even BETTER NOW !

I don’t know if I will say am lucky or what, but having to buy FCMB at around N15 plus is a STEAL.

As we approach 2008 and continuing our journey to financial freedom, we need to set our goals if we don't have yet or reviewit. We need SMART goals. It should be Specific, Measurable, Attainable, Realistic and Timely. So, lets start 2008 Moneywisely.  Happy holidays!


The Ten Commandments of Wealth

1st WEALTH COMMANDMENT: Thou Shalt Build Wealth For a Noble Cause

Wealth is not a worthy objective by itself. Wealth's only value is in the good you can create with it for yourself, your family, others, and the world around you. It is a means to an end, but not an end in itself.

Your reasons for building wealth must be bigger than wealth alone because that is too shallow a goal to motivate you to overcome all the obstacles that stand between you and wealth.

Without a noble cause driving you at a deep level you will be distracted by alternatives competing for your valuable resources of time, money and energy that must be dedicated to wealth building for success to result. You need greater motivation. Noble causes include the following:

1: Freedom: From the shackles of daily labour so that you have the time to grow, create, and to pursue your greatest being.

2: Charity: Because the more you have the more you can give. Charitable foundations created by wealthy families can provide the financial muscle to empower great social and environmental causes.

3: Growth: Because your wealth in your external world is a mirror to your wealth in your internal world. The principles that lead to financial wealth can also lead to wealth in other areas of your life.

4: Leadership: By growing your own wealth ethically and joyfully you lead by example for friends and family to rise above the bonds of financial mediocrity and follow in your footsteps.


2nd WEALTH COMMANDMENT: Thou Shalt Giveth More Value Than Thou Taketh

He who adds value to the world by giving more than they receive makes everything and everyone that their life touches better off. This is true wealth. They improve the lot of others in the world while improving themselves.

Alternatively, wealth earned through exploitation of others or the environment can never lead to happiness or fulfilment. By giving, more value than one receives your wealth becomes a measure of how much you have given: the wealthier you are the more you gave to others.


3rd WEALTH COMMANDMENT: Thou Shalt Live 100% Integrity

Never do or say anything that would not make your Mother and Father proud. Do not envy other's well being, encroach on other's property, violate moral law, cause harm to others or create harm to the environment. Do not lie, insult or cheat in pursuit of financial wealth. Heck, do not even stretch the truth. It just is not worth it.

Integrity is non-negotiable and can never be compromised because no amount of financial wealth can replace a good night's sleep, a clear conscience, and a peaceful mind.


4th WEALTH COMMANDMENT: Thou Shalt Be Courageous

Wealth results from doing what others will not so you can have what others never will ,  which takes courage. It takes courage to be a self-starter and be self-responsible. It takes courage to walk new paths and develop new skills. It takes courage to stand out from the crowd. It takes courage to put out the extra effort when others don't.

It may be true that the nail that stands up is the nail that gets hammered down, but it is equally true that the nail that never got driven is the nail that didn't fulfil its purpose. Live with courage so you can live fully and experience true wealth.


5th WEALTH COMMANDMENT: Thou Shalt Be Disciplined

Wealth is the result of many little things added together and compounded over a lifetime. Sound daily habits like saving, investing, reinvesting, and growing your financial and business intelligence require persistent and consistent effort so that you can work smarter, more strategic, and more efficiently rather than harder.

The number one wealth killer is procrastination. You must begin today. It takes discipline to overcome procrastination by starting today and persisting tomorrow. There is no substitute for action. Anything less is just an excuse.

Do not succumb to magical thinking about wealth because it does not occur out of thin air or happen only to the select few. Wealth happens because you make it happen. Apparent "instant" wealth stands on the foundation of years of disciplined, daily habits.

You must pro-actively lead your wealth plan consistently with purpose. Everything is either growing or decaying and your wealth is no exception. Every day is another day to persist, persist, and persist in creating growth.

Life has a way of challenging discipline with distractions and obstacles. Wealth builders maintain their discipline with their clarity of purpose fuelled by their noble cause.


6th Wealth Commandment: Thou Shalt Avoid Conspicuous Consumption

The great illusion of wealth is the attraction of a "more, better, different" lifestyle. Desiring wealth for the lifestyle, it affords makes wealth elusive because limited resources that should be dedicated toward wealth for tomorrow instead are spent on lifestyle today.

The reality is wealth is a form of delayed gratification.

Wealth builders live modestly by spending less than they have (money, time and energy) so they can invest the difference for greater value in the future. They understand that happiness does not result from the material trappings of wealth because that would only keep them from fulfilling the noble cause that drives them deeply.

Every day you make a choice between consumption today or wealth for tomorrow. The only way to live delayed gratification as the most fulfilling alternative without any sense of sacrifice is when your noble cause is a deeper drive than your desire for lifestyle. If lifestyle is your cause then consumption becomes the priority making wealth eternally elusive.


7th WEALTH COMMANDMENT: Thou Shalt Build Supportive Environments

If building wealth was easy then more people would achieve it ,  but they don't. One of the primary obstacles to wealth is the distractions life produces that can sidetrack your plans for wealth. That is why you must create a support system that keeps you focused, on track, and literally draws you toward wealth. It is the path of least resistance to a wealthy outcome.

Your family environment, relationships, work environment, financial habits, daily rituals and more must be pro-actively designed to literally pull you toward wealth by
Supporting and reinforcing your plans. You can literally build the structure of your life to create a wealthy outcome. Financial Mentoring, coaching and education programs can help you with this. The alternative is to passively allow the rest of the world to fill your life with distracting and non-directed alternatives that pull you away from wealth.


8th Wealth Commandment: Thou Shalt Apply Leverage

Leverage is the essential principle that leads to wealth. You will not get wealthy by trading time for money and you cannot do it all yourself. Building wealth requires you to
Work smarter rather than harder by applying the following principles of leverage:

1: Financial leverage: Other people's money so that you are not limited by your own pocketbook.
2: Time leverage: Other people's time so that you are not limited to 24 hours in a day.
3: Systems and Technology Leverage: Other people's systems and technology so that you can get more done with less effort.
4: Communications Leverage: Other people's magazines, newsletters, radio shows, and databases so that you can communicate to millions with no more effort than is required to communicate one-on-one.
5: Relationship Leverage: Other people's resources, connections, knowledge, talents and experience so that you are not limited to your own.
6: Knowledge Leverage: Other people's proven models of success so that you can save time and money by not reinventing the wheel.

Leverage allows you to create more wealth than you could ever achieve alone by utilizing resources other than your own. It allows you to grow wealth beyond your personal limitations.

Leverage is what separates those who attain wealth from those who don't. It is just that simple. If you aren't using leverage then you are working harder than you should to earn less than you deserve and that isn't going to make you wealthy.


9th WEALTH COMMANDMENT: Thou Shalt Treat Thy Wealth Like A Business ,  Because It Is
You wouldn't build a business without a plan so why should building wealth be any different? Design your wealth plan based on proven principles that lead to success. Your financial coach can help you sort out what works and what doesn't in building wealth so that you can accelerate your journey by avoiding the obvious potholes saving you time and money.

Your plan should include all of The Ten Commandments to Wealth as well as accountability, successful investment principles, systems, and much more while taking into account your unique skills, interests and capabilities.

Anything less will slow your journey to wealth.


10th WEALTH COMMANDMENT: Thou Shalt Steward Thy Wealth

Wealth is your servant, and your are a servant to your wealth. Money is little more than a tool that comes with a responsibility to use it wisely. The rich man who dies without arranging his affairs to assure that his wealth does well during his lifetime and after his passing is a fool.

Through your legacy of wealth, you have the opportunity to bless not only you and your family's lives now and into the future, but you can expand that circle to include the lives of all who follow you. As a successful wealth builder, you will be in the unique position to organize benefactions that can do great social good. The fact that you cannot take it with you means wealth is a gift to be given.

Always understand that wealth is not something you possess, but it is a flow, which has found a temporary parking place under your stewardship. Eventually this stewardship will move to others, as all things must pass. The wealth builder’s solemn responsibility is to use this temporarily gifted power wisely so that it creates maximum benefit for all those who are touched by what you created in your lifetime.
Make your life count for something.

Enjoy your journey to wealth. Have fun.

Happy Holidays and have a Happy New Year,

Special Greetings to all Nigerians from:
Todd R. Tresidder
President - FinancialMentor.com

@ Easimoni and Others

what's your take on C&I leasing and Costain on the floor? They have the highest 08 price appreciation from my broker's recommendations. But looking at their financial, C&I leasing currently have a PE in the 30s while Costain has only have one profitable year in a while.

Thanks for your response,

Hasnt anyone seen the report at cashcraft, alleging that Nigerian banks are involved in all shades of maladministration, round tripping, embezzlement, arrogance etc. How do you rate the banks, there are probes and investigations being planned by legislators, NSE, SEC, EFCC, infact, everyone is queing upto take a pot shot at what is alleged to be the fraud of the century.

This reminds me, I was called by a friend (not an investor) and asked to go quickly and withdraw all my money from some named banks as the rumor mill has it that the banks will 'fold'.

Guys and Babes, just read up the cashcraft report as to gauge the authenticity or possible truth or half truths contained in the guardian publication.

Can someone pls teach me how to copy and paste links in this forum?

How do I copy an existing post as a reference to my post?

Help out a friend guys.

texas543:



1st WEALTH COMMANDMENT: Thou Shalt Build Wealth For a Noble Cause[/b




[b]8th Wealth Commandment: Thou Shalt Apply Leverage

Leverage is the essential principle that leads to wealth. You will not get wealthy by trading time for money and you cannot do it all yourself. Building wealth requires you to
Work smarter rather than harder by applying the following principles of leverage:

1: Financial leverage: Other people's money so that you are not limited by your own pocketbook.
2: Time leverage: Other people's time so that you are not limited to 24 hours in a day.
3: Systems and Technology Leverage: Other people's systems and technology so that you can get more done with less effort.
4: Communications Leverage: Other people's magazines, newsletters, radio shows, and databases so that you can communicate to millions with no more effort than is required to communicate one-on-one.
5: Relationship Leverage: Other people's resources, connections, knowledge, talents and experience so that you are not limited to your own.
6: Knowledge Leverage: Other people's proven models of success so that you can save time and money by not reinventing the wheel.

Leverage allows you to create more wealth than you could ever achieve alone by utilizing resources other than your own. It allows you to grow wealth beyond your personal limitations.

Leverage is what separates those who attain wealth from those who don't. It is just that simple. If you aren't using leverage then you are working harder than you should to earn less than you deserve and that isn't going to make you wealthy.

Thanx man. For me #8 is the best and vital part.

invisible!:



Can someone please teach me how to copy and paste links in this forum?

Help out a friend guys.

On the toolbar, u will see insert hyperlink, this is directly above the smileys, just click it and paste the link in between.

invisible!:



How do I copy an existing post as a reference to my post?

Click insert quote on top of the message you want to make reference to

omo_boy:

@ Easimoni and Others

what's your take on C&I leasing and Costain on the floor? They have the highest 08 price appreciation from my broker's recommendations. But looking at their financial, C&I leasing currently have a PE in the 30s while Costain has only have one profitable year in a while.

Thanks for your response,

C&I has one of the highest profit growth rates in the NSE. PE of 30+ could be 10+ in a year (assuming no price movements).

Costain: buying a company just coming out of debt/losses it the best way to make money on the NSE. If you wait for a long track record, you'll end up with average gains. But tread carefully, it's not easy to predict if/when a company is fully turned-around.

@All,

Has anyone here operated a Stock a/c with Cashcraft ? I just wanted to find out about their efficiency in transacting Stock orders. I am looking for an alternative Stock Firm to Afrinvest who have been a bit too lethargic for my liking.




Cheers !!

invisible!:

Hasnt anyone seen the report at cashcraft, alleging that Nigerian banks are involved in all shades of maladministration, round tripping, embezzlement, arrogance etc. How do you rate the banks, there are probes and investigations being planned by legislators, NSE, SEC, EFCC, infact, everyone is queing upto take a pot shot at what is alleged to be the fraud of the century.

This reminds me, I was called by a friend (not an investor) and asked to go quickly and withdraw all my money from some named banks as the rumor mill has it that the banks will 'fold'.

Guys and Babes, just read up the cashcraft report as to gauge the authenticity or possible truth or half truths contained in the guardian publication.

Can someone please teach me how to copy and paste links in this forum?

How do I copy an existing post as a reference to my post?

Help out a friend guys.

Click on the person's name scroll down at the bottom of the page you will the name's last postings click on it and search for the quote when found at the bottom of the quote you will see three different buttons click on the middle one (Reply with quote button) Enjoy.

LondonCool:

@All,

Has anyone here operated a Stock a/c with Cashcraft ? I just wanted to find out about their efficiency in transacting Stock orders. I am looking for an alternative Stock Firm to Afrinvest who have been a bit too lethargic for my liking.




Cheers !!

On SMN web Cashcraft received a negative rating you might want to consider other firms. I remember when I was looking for a reliable firm I was almost halfway registering with Afrinvest but You and Wanajo contributions that their online services is no longer functional for new clients with that info. I contacted them to assure me that I will have online services but they were reluctant to give any assurance. I immediately changed my mind and switched to Vetiva. Vetiva has online services you can view your stocks at least you know the volume of your stocks. While searching, though you have been on this game long enough to know that no firm is 100% perfect I believe that 75 to 80% might be considered.

LondonCool:

@All,

Has anyone here operated a Stock a/c with Cashcraft ? I just wanted to find out about their efficiency in transacting Stock orders. I am looking for an alternative Stock Firm to Afrinvest who have been a bit too lethargic for my liking.




Cheers !!

On SMN web Cashcraft received a negative rating you might want to consider other firms. I remember when I was looking for a reliable firm I was almost halfway registering with Afrinvest but You and Wanajo's contributions that their online services is no longer functional for new clients with that info. I contacted them to assure me that I will have online services but they were reluctant to give any assurance. I immediately changed my mind and switched to Vetiva. Vetiva has online services you can view your stocks at least you know the volume of your stocks. While searching, though you have been on this game long enough to know that no firm is 100% perfect  I believe that 75 to 80% might be considered.

I use Zenith and i'm very happy with them. I don't get advice from them. Just buy and sell only.

Thanks Easimoni, your response was prompt and insightful as always,

easimoni:

C&I has one of the highest profit growth rates in the NSE. PE of 30+ could be 10+ in a year (assuming no price movements).

Costain: buying a company just coming out of debt/losses it the best way to make money on the NSE. If you wait for a long track record, you'll end up with average gains. But tread carefully, it's not easy to predict if/when a company is fully turned-around.

@all


Anyone watching Neimeth Plc ? The share price has surged lately and here is the story i found .Two subsidiaries has been created

  1. NISL - Neimeth Intergrated Services Limited

  2.WHL-Worldwide Healthcare Limited

Objective- To boost turnover and increase return on investment


NISL vision - 
                      To generate unprecedented value for stakeholders BY TAKING ADVANTAGE OF EMERGING OPPORTUNITIES created by MARKET REFORMS. In order to achieve this the firm intends to engage in the following services -

  Fast consumer health products such as Health and Energy drinks
  Skin Care products

Digital Self -Diagnostic instruments and Devices

AND investment activities.

PROJECTIONS

                       TURNOVER         PBT
        2008       1.5BN                 0.36BN

        2009        3.0BN                0.81BN

        2010        4.5BN                1.2BN               

  The other subsidiary WHL will engage in

Helthcare provisioning with emphasis on deworming , rollback malaria ,safe motherhood and sickle cell support programmes.

Health Systems Management, public private sector partnership and Project Consultancy -reactivation and upgrading of health services.

Contract Manufacturing

Guaranteed revolving credit scheme


MULTI-LEVEL MARKETING with focus on natural products.

WHL PROJECTIONS

               TURNOVER     
2007       300MN   

2008       500MN

2009        700MN

2010         1BN


The best part of the story is the Neimeth CEO statement  THAT THE IMPACT OF THE INVESTMENT IN THE SUBSIDIARIES  WILL BEGIN TO MANIFEST IN 3 MONTHS.


I think this is worth a look in as the firm is growing and has good fundamentals though the industry is not a high margin sector comparatively.

Fidelity union securities is also very good, you can give buy\sell orders online and they`ll buy even if you dont have enough money in ur account. I`ll say i`m satisfied with their services.

LondonCool:

@All,

Has anyone here operated a Stock a/c with Cashcraft ? I just wanted to find out about their efficiency in transacting Stock orders. I am looking for an alternative Stock Firm to Afrinvest who have been a bit too lethargic for my liking.




Cheers !!

Oh boy and someone recommended Afrinvest to me as I am looking for one as well, have not heard good things about Cashcraft as well.

ngegy:

Fidelity union securities is also very good, you can give buy\sell orders online and they`ll buy even if you don't have enough money in your account. I`ll say i`m satisfied with their services.

what's the minimum to open an account?

LondonCool:

@All,

Has anyone here operated a Stock a/c with Cashcraft ? I just wanted to find out about their efficiency in transacting Stock orders. I am looking for an alternative Stock Firm to Afrinvest who have been a bit too lethargic for my liking.

Cheers !!

LondonCool: Stay well clear of Cashcraft, unless you have a high tolerance to constant headaches and don't mind losing some of your hard earned money. They surely overcharge (over and above their published rates), and buy and sell at the wrong price.

You can't go wrong with Cashcraft for one of the crappiest service available. A trial will surely convince you.