D-reloaded:

where are the personal attacks?

combrazor:

you should have rested your case earlier than that, before you started running your mouth and saying things that only made you look foolish.

[/quote]:[quote author=combrazor link=topic=116742.msg2093564#msg2093564 date=1206540856]
i'm quite done responding to this troll, D-reloaded.

combrazor:

and then throw in if you will the difference in the mark-up between yam and garri and a N300 video that is beamed to hundreds or thousands of subscribers paying 5 pounds each. and then factor in the fact that generally, a client broadcasting such an intellectual property for commercial purposes does not purchase it at the retail price.

combrazor:

i happen to know how much it costs

combrazor:

that's the reason why a single movie is routinely split into two--and these days, even FOUR and FIVE--parts in order to recoup the production costs, which are much higher than you probably think.

combrazor:

and then throw in if you will the difference in the mark-up between yam and garri and a N300 video that is beamed to hundreds or thousands of subscribers paying 5 pounds each. and then factor in the fact that generally, a client broadcasting such an intellectual property for commercial purposes does not purchase it at the retail price.

combrazor:

you should have rested your case earlier than that, before you started running your mouth and saying things that only made you look foolish.

no amount of trying to shrug it off by claiming that i am "yabbing" you will change that, either . . . they're your words, and you have to take accountability for them!

combrazor:

d1tha1 -

combrazor:

do the math.

they buy a DVD off the street for, what? N500, 600? that's what? a little bit over 2 pounds maybe?

and then they go back to London and air this DVD on cable, on a channel they are charging subscribers 5 pounds a month to watch?

and thousands of people are subscribing to this channel, right? let's assume it's 2000 people paying 5 pounds a month. that means that in ONE month, they have grossed 10,000 pounds based off of the 2 pounds they spent on the DVD.*

and you think that amounts to "putting revenue back into Nollywood"?

if you DO believe that, well . . . i also own a big white house in Washington DC that i want to sell to you!

isuomo:

You guys should stop lying, i have held an Intercontinental Bank Mastercard since 2005, i have used it in UK several times even to buy fuel at the filling station or my groceries at Tesco, i have used it on several occasions in Macy's and Jos A Bank in Atlanta, i used it to hire a car in Baltimore and Toronto just last month. I am tired of all this i use Zenith card, GTB rocks claptrap or that because of 419 the card is rejected. It is just a lie and now that i have been residing in Nigeria for the last 12 months and my wife in London, i got a counterpart card and i put dollars in the account here in Lagos and she has never had any problem accessing the cash at ATM or indeed at POS transactions. Please if u don't have the facts, don't come here and tell porkies. geddit?

Pennywise:

In as much as I hate to, but I have to say that your comments are not only cheap but cheapening. You have in one shameless swoop typical of one with poor parental upbringing and background maligned everyone who has contributed on this thread. You will withdraw this statement and tender an unreserved apology to every single person on this thread at once.

How does your going to the stock market with a few peanuts and approaching stock market tips on how to double it make you better than anyone else? The thread in question lost its appeal to some a long time ago when you have to sift through 70 pages to find one single thing that remotely make sense. Yet everyone comes away with a false laughable sense of self worth because they posted something on stock market tips.

If you look at it with a bit of common sense you will find that your statement is not only derisive of contributors here but very presumptous of yourself. You are a lady I believe perhaps a little more modesty in your communication will do for you.

Dejipumpin:

@9jahboi

The problem with a lot of investors like us concerning opening a CSCS account is that, most of us are ignorant of the fact that it is not the stockbroking firms that actually open CSCS account for investors but rather CSCS Ltd (a subsidiary of NSE). So 9jahboi, you accusing Cashcraft for not opening a CSCS account for you is baseless and does not hold water. Perhaps you don't know Cashcraft as i do because i've been dealing with them for the past years and i've never heard anything about them trading illegally on any client's account and besides the likes of NSE & SEC won't allow that to happen. I think this investment company is quite huge than what you have in mind, so be informed that Cashcraft is still one of the best stockbroking, portfolio mgt & asset mgt, investment banking & finance company in Nigeria. Take it or leave it. no beeffing.

9jahboi(i'm sure u ain't the real one , big ups to sauce kid- the don ), but whatever it is, we'll surely meet at the top, man.

Dejipumpin:

@9jahboi

The problem with a lot of investors like us concerning opening a CSCS account is that, most of us are ignorant of the fact that it is not the stockbroking firms that actually open CSCS account for investors but rather CSCS Ltd (a subsidiary of NSE). So 9jahboi, you accusing Cashcraft for not opening a CSCS account for you is baseless and does not hold water. Perhaps you don't know Cashcraft as i do because i've been dealing with them for the past years and i've never heard anything about them trading illegally on any client's account and besides the likes of NSE & SEC won't allow that to happen. I think this investment company is quite huge than what you have in mind, so be informed that Cashcraft is still one of the best stockbroking, portfolio mgt & asset mgt, investment banking & finance company in Nigeria. Take it or leave it. no beeffing.

9jahboi(i'm sure u ain't the real one , big ups to sauce kid- the don ), but whatever it is, we'll surely meet at the top, man.

folarina:

Hey
BGL's website looks impressive and professional. (tumbs up )

Do they have a minimum amount to open an account?

If you rate BGL this high how about Greenwich trust then

Any clue about them ?


I think BGL's minimum account opening is 2.5m now, in cash or shares.

folarina link=topic=115551.msg2031838#msg2031838 date=1204879917:

Hey
BGL's website looks impressive and professional. (tumbs up )

Do they have a minimum amount to open an account?

If you rate BGL this high how about Greenwich trust then

Any clue about them ?

I think BGL's minimum account opening is 2.5m now, in cash or shares or both, though thats a recent development. Like I said earlier, their service is good and the company makes a lot of money for clients cos they have large positions in some very hot stocks and so are able to influence prices.

Dont know much abt Greenwich tho I think they are a good company too. But dont think dey r as "big" as BGL tho and not sure how IT efficient dey are.

So if u got the dough, go to BGL

folarina:

Tell us more about this BGL ,what is the minimum to open an account ?

Do they have`a website ?

Fire on

aftadocean:


aftadocean, food for though for u:

You were right on your first point that Transcorp is not a giant but it can be pointed out that the optimism expressed in your last two points can is doubtful based on your first point. In line with your analogy, consider that most of the "giant" companies that transcopr aspired to be like did not start out as multi-product companies but as companies focusing on one specific product in one specific industry. If I am correct, Samsung or Sony started out producing basic transistor radios and over the years expanded its product base while remaining in the same ICT industry. So they have one competence and create innovative products based on that competence- also their expansion into other industries are thus related to their original core competence.

Now look at transcorp: what specific induustry competence did it premise its creation on? Even now what is the company's specific industry competence? Rather it set out to be a "Jack of all trades" and no matter how creative the marketing the rule is that such a move makes one a "master of none". Now it is that lack of competence that is coming back to haunt it as it does not have the competence to manage an telecoms business that it received on a platter of gold. This lack of competence also makes it impossible to attract the kind of huge capital outlay required in industries like telecoms, power and oil and gas. No matter who your backers are, financiers will not just give you money because Jim Ovia or Dangote is on your board but the look at the numbers and competence and sadly transcorp has none of those - that is why their IPO was massivley undersubcsribed and insitutional investors did not invest heavily. So it was a great idea but a flawed business model. It has taken some real corporate giants 100s of years to get to where they are today and transcorp wanted to create that on day 1. impossible as u can see from the NITEL case.

Now because of this flawed model, i do not think it is right to draw comparison between the price swings (e.g. stagnation and bounty as u say) of transcorp and that of NASCON, eterna, etc. These are businesses which have clear competences but had expereince stagnation due to management problems or insufficient capital. Their specific product-focus makes them good targets for coroporate turn arounds and that is why they are all ding well now on the market. Transcorp's problem is one of a poor vision/strategy/model and I assure you that as long as those problems remain, its share price will remain flat. After all, information is what drives the price.

Food for thought for all:

1. Transcorp is not a Giant. Reason; A Giant describes something that went through the normal process of growth but grew beyond normal, bearing in mind it had at its disposal the same measure of resources as its counterpart or peer.

2. If you are an ardent follower of the trends in the stockmarket, say you have been following the Nigerian stock market for the past four to five years, you would have noticed something:those stocks that appeared to have no future back then are playing big now eg Afroil,Eterna oil and Afrprint to mention a few. The lesson ; Every stock has a season of stagnation, retrogression and a season of bounty.

Having said this, Transcorp will still experience a season of bounty. I know this might sound funny, but that is the beauty of the business environment. When I look at a stock like AP today, I really marvel at what a single move by one person can do. I invested in transcorp and The truth is if I had more money, I would buy more.

PATIENCE my friends is what y'all need to play in any stock market. The price at which transcorp is trading on the floor today is the real price of transcorp, and might even get lower, on the otherhand, virtually all stocks on the floor of the NSE are overpriced. An average Nigerian investor follows the crowd, Stocks don't work that way. Remember NASCON? One day trading and bla bla bla, where is it today? It will still pick up o! but I can tell you that all those that went to the floor to buy that day are short term investors, and so are not too happy with the way the stock has turned out.

Last year, Quite a lot of people went to borrow money to buy FIRST bank. What happened? Money was returned massively at an extremely lower interest rate than the interst rate to borrow. Talk about bandwagon effect. Right now, everyone is doing insurance(Laugh!). Well for those who are just buying into the insurance sector, Pray and Be patient, 'because all those insurance stocks are overpriced.

For all transcorp investors, my advice is to be patient.