crazyT:

@Father of 2


I have 1.5m now and by Tuesday it will be with my broker in Nigeria, so on what 2 stocks can I shear the money? My expectation is about 50% in 6 months  

Prince11:

Wetin !!, all of una must to pay consultancy fee,

You fit pay by wire transfer, paypal, westen union,, even you fit send am via moneygram, and for quicker response you may add un-social hour premium, I am sure FatherOf2 no go vex,

No be true I talk, , _{na joke o,}

iconbull:

@fatherof 2
Baba , i wont mind your help on this. i have funds to play with before march 30th and i hav vitafoam,c/i leasing , ikeja hotel on my radar and am targetting minimum 30%.do u think these will fly? if not what will u recommend

osazeet:

please father of 2,
Can you tell me if firstinland bank is a good buy or not, please it should be backed with reasons. thanks for your concern.

Anybody have idea on sterling bank merging with Ecobank? is it still successful or not? when are they coming back into the market?

Is Wema coming back soon?

FatherOF2:

I've never done First Inland Bank.
It doesn't enjoy goodwill as i see am oh.
I think its a PO. I no dey buy PO.

osazeet:



i wanted to buy from the secondary, cico with that your formula but i,m very skeptical now due to Afribank,s attitude. throw more light on this. thanks for your concern.

FatherOF2:

Afribank was already expensive.Same with this First Inland.They all overbeat up their prices just for the offer.
PHB was a different case.The bank was at the year end.They gave a bonus and marked down. When a stock is marked down,its close to its low of lows for that financial year.You may never see it at that price ever again,that's one thing driving PHB now.It'll be cheap later but that'll be after we finish unboarding.
First Inland price is high for me.I just believe when TS is lifted it'll make itself available (beta than where it currently stands).
When we talk of Goodwill.Look around you as you move around the country.If someone asked you a spot question:
Name 10banks in Nigeria?. Your instincts will drive you to name the first 10 which give you a sense of PERCEIVED STRENGTH.
How do you perceive this strength.
1.Branch network,
2.Building design,
3.Staff dress code
4.Building maintenance
5.Banking Hall ambience
6.Na Rent them dey like former ALL STATES?.
etc.
Does First Inland fall favourably into these categories?
ANSWER== NO.(except No.6, i don see two office when them dey on rent and person dey sell home video for the upper floor).

FatherOF2:

Afribank was already expensive.Same with this First Inland.They all overbeat up their prices just for the offer.
PHB was a different case.The bank was at the year end.They gave a bonus and marked down. When a stock is marked down,its close to its low of lows for that financial year.You may never see it at that price ever again,that's one thing driving PHB now.It'll be cheap later but that'll be after we finish unboarding.
First Inland price is high for me.I just believe when TS is lifted it'll make itself available (beta than where it currently stands).
When we talk of Goodwill.Look around you as you move around the country.If someone asked you a spot question:
Name 10banks in Nigeria?. Your instincts will drive you to name the first 10 which give you a sense of PERCEIVED STRENGTH.
How do you perceive this strength.
1.Branch network,
2.Building design,
3.Staff dress code
4.Building maintenance
5.Banking Hall ambience
6.Na Rent them dey like former ALL STATES?.
etc.
Does First Inland fall favourably into these categories?
ANSWER== NO.(except No.6, i don see two office when them dey on rent and person dey sell home video for the upper floor).

loma (m) January 18, 2008, 05:51 PM »
--------------------------------------------------------------------------------
Lucky at last! Got 250,000 units of Chams from Skye today!

Femtex:

@ Father of 2

What do you think is the best entry price for unilever

osazeet:

Thank you sir for the lecture, i appreciate your effort in taking your time for me this night, i believe this is my turn to enjoy your class, before classrep ololufemi returns from where he is at present. sir, i wanted a good penny stock that will do well in no time, because i,m a growing investor.

blueband:

Does anyone know when the Ecobank/Sterling merger will be concluded?

samstone4:

@AKT, All Nairalanders

Looks like my information was wrong. Big Treat will be coming to market soon according to this recent newspaper report:

"Big Treat plans IPO
By Taofik Salako
Big Treat Plc may soon float an initial public offering (IPO) to further expand ownership base of the confectionery company and provide new equity funds for its expansion programme.
Big Treat recently listed its shares by way of introduction on the Nigerian Stock Exchange (NSE). The entire paid up share capital of the company was admitted to the Daily Official List of the NSE at N2.85 per share. The listing followed the successful completion of the company's private placement, which was undertaken few months ago.
Demand for ordinary shares of Big Treat has been on the increase since listing, pushing the share price to N3.81 per share last Thursday.
Market sources said Big Treat might soon conclude arrangements for the IPO given the huge investors' interests in the company, its expansion programme and professional advice that favours equity funding.
Sterling Capital, which assisted Big Treat to streamline its operations, standardize its financial reporting system, restructure its capital base and secure all the necessary regulatory approvals that culminated in the listing of the company, was said to be guiding the company through the IPO process.
Mr Lance Musa Elakama, assistant director general, Nigerian Stock Exchange (NSE), confirmed the impending public offering by Big Treat assuring anxious market operators and investors that "the company is coming with public offer soon".       
Pamela Wu, managing director and founder, Big Treat Plc, said that the company plans to expand its outlets to all the 36 states of the federation and in major cities in order to move quality food and drinks closer to the people.
She added that upon completion of the country-wide expansion programme, the company plans to expand to other West African countries especially Ghana where it had received strong expression of interest.
Big Treat recently commissioned its ultramodern baking factory at Ikosi, Ikeja, Lagos. The factory is equipped with state-of-the-art food processing equipment to ensure that its products meet the highest level of nutritional and health standards.
Wu said the bakery would soon be fully automated such that from mixing to packaging, no human hand will touch the bread to maintain highest level of health standards.
She said the company plans to replicate the factory in other major cities in Nigeria to enable it meet the fast growing demand for its products.
She assured investors that the directors and management of the company would work assiduously to continuously improve growth.
She said the listing reflected the company's confidence in the Nigerian economy noting that the company has reinvested earlier profits into the business to expand from a one-branch business to its current 21 branches.
She said that the company has achieved significant level of success since it was established 15 years ago and the listing was primarily to give opportunity to Nigerians to be co-owners of the business they have helped in building.
She said the company has contributed enormously to the Nigerian economy by maintaining almost 99 per cent local content in its recruitment policy as well as empowerment of indigenous entrepreneurs through franchising.
Mr, Biodun Dabiri, managing director, Sterling Capital, the issuing house and financial adviser to Big Treat, said Nigerian investors have already showed strong confidence in the board and management of Big Treat through its highly successful private placement.
He said that prospects of Big Treat and the clear vision of the founders gave Sterling Capital the impetus to guide the company through series of activities that eventually culminated in the listing of its shares.
Dabiri said the listing would address the problems of succession inherent in family businesses and provide opportunity for shareholders to enhance the value of their investment."

So prepare your cash folks!

Samstone4

Guk:

Omoyeni is still WEMA boss –CBN
By Ayo Olesin and Yemi Kolapo
Published: Saturday, 19 Jan 2008
The Central Bank of Nigeria has denied speculations that the Managing Director/Chief Executive Officer of Wema Bank Plc, Mr. Adebisi Omoyeni, has been fired.

The Deputy Governor, Financial Sector Surveillance, Mr. Tunde Lemo, said that Omoyeni was neither sacked nor suspended as widely circulated.

The CBN chief, who spoke with our correspondent in Abuja, said that Omoyeni was only on routine leave.

”He is on routine leave and you can quote me. He remains a member of the bank‘s board. No one has asked him to go and I can confirm to you that the bank is healthy,” he said

He also denied that Omoyeni‘s leave was linked to the re-examination of the bank, which was scheduled to commence on Monday by CBN‘s inspectors.

Lemo explained that the bank‘s inspection was a routine matter and that the CBN regularly embarked on house inspections to complement its electronic financial surveillance system (e-fass).

According to him, the CBN insists on comprehensive supervision of banks to ensure the integrity of the banking system.

”In fact, we are getting to a stage where we will have resident inspectors in the big banks,” he added.

The CBN was being expected to make a formal statement on the speculation as at press time.

When contacted, the Head, Corporate Affairs, Wema Bank Plc, Mr. Tunde Olofintila, also denied allegations that his boss had been removed by the CBN.

In a text message to our correspondent, he said Omoyeni was only on an annual vacation.

”Don‘t forget that he has not been on vacation since he became the Group Managing Director in 2005,” he stated.

He, however, declined to pick his calls for further interrogation.

Omoyeni joined Wema Bank in March, 1987 as an assistant manager and has worked in various capacities since then.

He has been Assistant General Manager, Insurance, Pension and Registrar Services; General Manager (Administration); Executive Director, Resource management and Services; and Executive Director, Investment Banking and Public Sector.

He was also Executive Director, Retail Banking until October 4, 2005, when he proceeded on a leave of absence from the bank following his appointment as the Deputy Governor of Ekiti State.

He was appointed MD/CEO of the bank on December 7, 2007.

Wema Bank‘s profit after tax increased substantially from a loss of N6.6bn in 2006 to a profit of N2.5bn in 2007, representing an increase of 138 per cent.

According to the full year result of the bank for the period ended March 31, 2007, turnover increased from N14.83bn in 200 to N24.43bn in 2007.

While speaking at the bank‘s annual general meeting, held in Kano in December 2007, Omoyeni explained that the loss of N6.6bn in 2006, was exceptionally due to a high loan loss provision of N10.26bn.

Deposit liabilities of the bank also increased from N85.6bn to N125.48bn, translating to a seven-year record high growth rate of 47 per cent.

Gross earnings grew by 78.4 per cent, up from N14.8bn in 2006 to N24.63bn in 2007. This had hitherto grown at an average rate of 31.4 per cent yearly between 2001 and 2006.

The bank also disclosed at its last AGM that it would open its hybrid share offer to the public before February 2008, to raise N130bn

The MD said that the bank was going to the market to raise more funds in order to increase its capacity to deliver on its promises to all its stakeholders and customers.

The offer is expected to have a Global Depository Receipt of 40 per cent and a rights issue prospect while the bulk would be reserved for local subscription.

The GDR perspective, according to the MD, is to accommodate both local and foreign stake holding in the bank.

[/quote

ABEG! i still repeat that medium/long term investors in WEMA should be careful. whatever the CBN may say we are not kids here,how can a bank's CEO go on compulsory leave when it is about to launch its Public offer. and i dont expect the CBN to start pulling down any bank verbally even if things are not well with it, meanwhile these mild response from CBN was given by a former MD(Tunde lemo) of this same bank. i am more than convinced that somethin is amiss here, only time will tell!

shigidi:

--------------------------------------------------------------------------------
@ father of 2,
thanks for the advice, however, I WOULD LIKE TO POINT OUT THAT DIAMOND HAS INDEED RELEASED SIX MONTHS RESULT THREE MONTHS AGO, MAYBE YOU MISSED IT, CHECK ONLINE AND YOU WILL SEE, HOWEVER I WILL WAIT AND SEE WHAT HIS WEEK HAS IN STORE.