ihedioramma:
Every time you regret (example's zenith bank and ucap) i never regret buying any stock but more wisdom . For now i can't buy oando more than the price it is now and can't sell because of bad news, bad management e.t.c after work .............

So since u started trading,U never regret buyin any stock ? Continue using WISDOM because u be LOCODEMY Uncle .

Tritri:



So since u started trading,U never regret buyin any stock ? Continue using WISDOM because u be LOCODEMY Uncle .

brov u self have time sha ,, pastor ihedioramma is here to entertain the house as well to catch fun oando he owns was bought before oando complete conocophillips acquisition at a price btw N18 - 25 so he has decided to keep for as long as oando exist

currentprice:


brov u self have time sha ,, pastor ihedioramma is here to entertain the house as well to catch fun oando he owns was bought before oando complete conocophillips acquisition at a price btw N18 - 25 so he has decided to keep for as long as oando exist

No wonder the wisdom pastor dey monkey hunting

emmanuelewumi:



We shall get the true picture before next week . The petition that led to SEC investigation was written by 2 big time foreign investors.

The Mafia can do anything to cover their tracks. I wrote an article about Oando in 2012 to SEC, NSE ,
You can google" corporate mis-governance and management recklessness" by Emmanuel EWUMI.

I will advise you update the article and recirculate again...There are lot of bloggers ready to take up the story for publicity and other social media platforms exist that you can post the article for wider reach... People need to be informed about the financial recklessness and shenanigians by Wale and his gang... I hope SEC won't compromise on the investigation because of the power and influence wale wields... i rest my case.

currentprice:


brov u self have time sha ,, pastor ihedioramma is here to entertain the house as well to catch fun oando he owns was bought before oando complete conocophillips acquisition at a price btw N18 - 25 so he has decided to keep for as long as oando exist

Oando is a scam! Everybody knows this but nobody is doing anything about it....I pity those in it for long term.

emmanuelewumi:



We shall get the true picture before next week . The petition that led to SEC investigation was written by 2 big time foreign investors.

The Mafia can do anything to cover their tracks. I wrote an article about Oando in 2012 to SEC, NSE , all the media houses in Nigeria including Sahara reporters and Proshare but non of them published it except stockmarketnigeria and nairaland. Because the media houses don't want to lose juicy adverts from Oando.
You can google" corporate mis-governance and management recklessness" by Emmanuel EWUMI.
By November 2012 I sold all my Oando's share of almost 250k units for between N21 and N24.

Wednesday, October 3, 2012
CORPORATE MISGOVERNANCE AND MANAGEMENT RECKLESSNESS IN CORPORATE NIGERIA
Good corporate governance is an important factor for investors’ confidence to return to the stock market. Lack of good corporate and its enforcement on the part of our Companies managers and the regulators e.g. Nigerian Stock Exchange and the Securities and Exchange Commission is one of the factors that led to the collapse of our Capital Market in 2008.
According to Wikipedia, Corporate governance is the system by which companies are directed and controlled. It involves regulatory and market mechanism, and the roles and relationship between a company’s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed.
Much of the contemporary interest in corporate governance is concerned with mitigation of interest between stakeholders. Ways of preventing these conflicts of interest include the processes, customs, policies, laws and Institutions which have impact on the way a company is controlled. An important theme of corporate governance is the nature and extent of accountability of people in business.
Happenings in some of our quoted companies will be a good case study for graduate students of Business policy and strategy researching on “ Emergent issues in Corporate misgovernance and management recklessness in Corporate Nigeria”. Please permit me to you the word ‘misgovernance”
Many organisations in the country have issues with corporate governance, be it Banks, Insurance companies, Oil and Gas firms, Manufacturers, Regulators and recently Religious organisations.
If I really want to do justice to this topic, it will involve writing a book. Since this is an expository essay, I will only focus on corporate misgovernance and management recklessness, a case study of a Petroleum Marketing company quoted on the Nigerian Stock Exchange.
This company was fully privatised in 2001, but the problem with the privatisation of this company is that the core investor did not have an enviable track record in Petroleum marketing, which should be a pre-requisite for any organisation that wants to manage a company of such magnitude. The capital base of the core investor which is a group of lawyers and politicians was less than 20% of the company they acquired. How they became the core investor? Is a question for another day. Late Chief Asalu the foremost stock market investor and activist advised investors to sell their shares in the company because he doubted the competence and sincerity of the new management and core investor of this company.
The core investor in our company did not stop here, when the foreign investor in an Italian Oil Marketing company wanted to divest their investment in their own company, the new core investors in our company became the new majority shareholder in the Italian company. Although people like the late Chief Asalu, and other shareholders challenged this acquisition in the court but they lost.
A merger between the two Petroleum Marketing companies was completed in 2003. Projections regarding the performance of the enlarged entity were made, but the management and the core investor have never been able to achieve their profit forecasts.
The company had a successful public offer in 2005, and an over-subscribed right offer in 2010, they are equally planning another right issue in the last quarter of 2012.. The problem is that shareholders have not seen any meaningful return on their investment due to management recklessness, unorthodox practices and greed.
How can the management or core investor of a company, use the funds from the company they are managing to set up a subsidiary which is owned by both the company and the core investor or management. Is this not a glaring case of conflict of interest. This anomaly went on for about five years, before it was corrected in 2007. This abnormality in corporate governance was not observed by the authorities of the Nigerian Stock Exchange or the Securities and Exchange Commission, but by authorities of Johannesburg Stock Exchange because the company is quoted in Johannesburg and a subsidiary was just quoted in Toronto Stock Exchange. While this anomaly lasted the company won Nigerian Stock Exchange Awards for performance and corporate governance, what an irony? Correction of this anomaly led to dilution of our share holding, because over60 million new shares were allocated to the core investors in our company.
During the right offer in 2010, the management of the company made the following turnover forecasts for 2010, 2011 and 2012 respectively, 600 billion Naira, 780 billion Naira and 980 billion Naira. Profit after Tax forecasts for 2010, 2011 and 2012 were 18 billion Naira, 41 billion Naira and 58 billion Naira respectively. Shareholders invested based on the deceptive projections made by management, whereas the performances of the company is far below the forecasts. They planned to make a profit after tax of 41 billion Naira in 2011, but that was the year investors never received any dividend.
The core investors signed on behalf of our company and their own company a Technical and Management service agreement. The terms of the agreement include payment of Technical and Management Service fees of 4% and 3% respectively of our company’s net profit before tax, where net profit before tax is under 2 billion Naira, and Technical and Management service fees of 5% and 4% respectively of our company’s net profit before tax, where net profit is over 2billion Naira. The company received these fees for many years before they decided to waive it in 2010 and terminate it 2011. If this was done they would have received 1.7 billion Naira in 2010 and 1.3 billion Naira in 2011.
The question I want to ask is this, in whose interest was the agreement signed. This is a management that earned 880 million Naira in 2010 and 930 million Naira in 2011, even though shareholders went home empty handed at the of 2011 financial year. This is a management whose affiliate companies received over 1 billion naira in 2010 and 1.3 billion Naira in 2011 for professional services, consulting and provision of personnel, this is a management and core investor that received a total dividend of 923 million Naira in 2008, 580 million Naira in 2009 and 737 million naira in 2010.
When a fellow shareholder saw the happenings in this company, he asked me the following probing questions. What is the role of SEC? How can SEC truly protect minority shareholders? Is SEC capable of enforcing corporate governance? How can SEC prevent conflict of interest between managers’ personal companies and the companies they are managing? Did SEC verify, investigate and approve agreements and transactions that mortgage the interest of minority shareholders? I am yet to provide answers to my friend’s questions.
Although the core investor cum management have decided to terminate this obnoxious technical and management service agreement, but the termination of the agreement will be at a great cost to the shareholders. Because of the not too fair manner, the core investors want to be paid. Rather than paying off the negotiated termination fees in cash, management decided to settle the liability through convertible notes instruments and cash. Paying off in cash is in the best interest of shareholders, it is even better to borrow the cash and pay an interest of 30% or use the proceeds of the forthcoming right issue to pay the termination fee.
When will the notes be converted to shares, at what rate will they be converted to shares. We all know that the net asset per share of the company’s stock is over 40 naira, converting the notes to share at anything below 40 naira is detrimental to shareholders interest. By doing so we would have succeeded in mortgaging our future and stakes in the company. What the core investor is trying to do is for them to own majority shares in the company through the back door. If management believes strongly in our company, and they are concerned about shareholders interest, they should get the termination fees in cash and use the cash to buy more shares of the company on the floors of the stock exchange.
This company is planning an EGM which is slated for October 12th 2012, shareholders should express their minds about the negative happenings in the company because what we are experiencing in this company is not in the best interest of shareholders.
The company is now a conglomerate, as a result of this, investors and analysts do not know how to value the company and coupled with the corporate management problem which is making our company to sell at a ridiculously low price.
For us to derive better value from our investments in the company, it will be better if management can unbundle, spin-off and list the various subsidiaries of the company. Each subsidiary should be made to operate as an individual corporate entity, this will aid accountability, stop the milking of our company and improve corporate governance in each subsidiary. With this investors will be able to value each company on an individual basis, instead of the very complex structure that is in operation in our company.
Making a reckless and greedy management to sit up is not an easy task, but with focus and sincerity of purpose on the part of shareholders it is very possible. With the caliber of shareholders which we have in our company, we should be able to make management to amend their ways. As at December 2011, Pension funds owned 440 million shares, Public companies owned 61 million shares, Mutual funds owned 101 million shares, Nominees and Trust companies owned 375 million shares. Our Institutional investors should be able to organize themselves, so that they can demand and expect good corporate governance from the management and board of our company. They have the expertise and financial resources to fight this cause.
The Securities and Exchange Commission, Nigeria Stock Exchange and Pension Commission, should be please come to the aid of shareholders by making sure that Corporate governance becomes the other of the day in Corporate Nigeria. Pension Fund Administrators have invested in some of the companies that have issues with Corporate governance. PENCOM should make sure that Pension Fund Administrators have a representative on the boards of companies where they have invested workers fund in. We do not want a situation whereby workers and pensioners retirement funds will be in jeopardy.
We need a culture of good corporate governance in all the business organisations in Nigeria. Therefore individual and institutional investors should make sure that the activities of our managers and directors are guided by the principles of corporate governance, which are listed below.
• Rights of shareholders and equitable treatment of shareholders.
• Having the interests of the stakeholders e.g. employees, investors, suppliers, creditors, local communities, customers and policy makers.
• Roles and responsibilities of the board.
• Integrity and ethical behaviour by management.
• Disclosure and transparency.
When our managers and leaders are guided by these principles, things will truly change for the better in Corporate Nigeria, Stock Exchange and the nation as a whole.

Emmanuel Ewumi wrote in from Lagos Nigeria

DUNKA:
Wednesday, October 3, 2012
CORPORATE MISGOVERNANCE AND MANAGEMENT RECKLESSNESS IN CORPORATE NIGERIA
Good corporate governance is an important factor for investors’ confidence to return to the stock market. Lack of good corporate and its enforcement on the part of our Companies managers and the regulators e.g. Nigerian Stock Exchange and the Securities and Exchange Commission is one of the factors that led to the collapse of our Capital Market in 2008.
According to Wikipedia, Corporate governance is the system by which companies are directed and controlled. It involves regulatory and market mechanism, and the roles and relationship between a company’s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed.
Much of the contemporary interest in corporate governance is concerned with mitigation of interest between stakeholders. Ways of preventing these conflicts of interest include the processes, customs, policies, laws and Institutions which have impact on the way a company is controlled. An important theme of corporate governance is the nature and extent of accountability of people in business.
Happenings in some of our quoted companies will be a good case study for graduate students of Business policy and strategy researching on “ Emergent issues in Corporate misgovernance and management recklessness in Corporate Nigeria”. Please permit me to you the word ‘misgovernance”
Many organisations in the country have issues with corporate governance, be it Banks, Insurance companies, Oil and Gas firms, Manufacturers, Regulators and recently Religious organisations.
If I really want to do justice to this topic, it will involve writing a book. Since this is an expository essay, I will only focus on corporate misgovernance and management recklessness, a case study of a Petroleum Marketing company quoted on the Nigerian Stock Exchange.
This company was fully privatised in 2001, but the problem with the privatisation of this company is that the core investor did not have an enviable track record in Petroleum marketing, which should be a pre-requisite for any organisation that wants to manage a company of such magnitude. The capital base of the core investor which is a group of lawyers and politicians was less than 20% of the company they acquired. How they became the core investor? Is a question for another day. Late Chief Asalu the foremost stock market investor and activist advised investors to sell their shares in the company because he doubted the competence and sincerity of the new management and core investor of this company.
The core investor in our company did not stop here, when the foreign investor in an Italian Oil Marketing company wanted to divest their investment in their own company, the new core investors in our company became the new majority shareholder in the Italian company. Although people like the late Chief Asalu, and other shareholders challenged this acquisition in the court but they lost.
A merger between the two Petroleum Marketing companies was completed in 2003. Projections regarding the performance of the enlarged entity were made, but the management and the core investor have never been able to achieve their profit forecasts.
The company had a successful public offer in 2005, and an over-subscribed right offer in 2010, they are equally planning another right issue in the last quarter of 2012.. The problem is that shareholders have not seen any meaningful return on their investment due to management recklessness, unorthodox practices and greed.
How can the management or core investor of a company, use the funds from the company they are managing to set up a subsidiary which is owned by both the company and the core investor or management. Is this not a glaring case of conflict of interest. This anomaly went on for about five years, before it was corrected in 2007. This abnormality in corporate governance was not observed by the authorities of the Nigerian Stock Exchange or the Securities and Exchange Commission, but by authorities of Johannesburg Stock Exchange because the company is quoted in Johannesburg and a subsidiary was just quoted in Toronto Stock Exchange. While this anomaly lasted the company won Nigerian Stock Exchange Awards for performance and corporate governance, what an irony? Correction of this anomaly led to dilution of our share holding, because over60 million new shares were allocated to the core investors in our company.
During the right offer in 2010, the management of the company made the following turnover forecasts for 2010, 2011 and 2012 respectively, 600 billion Naira, 780 billion Naira and 980 billion Naira. Profit after Tax forecasts for 2010, 2011 and 2012 were 18 billion Naira, 41 billion Naira and 58 billion Naira respectively. Shareholders invested based on the deceptive projections made by management, whereas the performances of the company is far below the forecasts. They planned to make a profit after tax of 41 billion Naira in 2011, but that was the year investors never received any dividend.
The core investors signed on behalf of our company and their own company a Technical and Management service agreement. The terms of the agreement include payment of Technical and Management Service fees of 4% and 3% respectively of our company’s net profit before tax, where net profit before tax is under 2 billion Naira, and Technical and Management service fees of 5% and 4% respectively of our company’s net profit before tax, where net profit is over 2billion Naira. The company received these fees for many years before they decided to waive it in 2010 and terminate it 2011. If this was done they would have received 1.7 billion Naira in 2010 and 1.3 billion Naira in 2011.
The question I want to ask is this, in whose interest was the agreement signed. This is a management that earned 880 million Naira in 2010 and 930 million Naira in 2011, even though shareholders went home empty handed at the of 2011 financial year. This is a management whose affiliate companies received over 1 billion naira in 2010 and 1.3 billion Naira in 2011 for professional services, consulting and provision of personnel, this is a management and core investor that received a total dividend of 923 million Naira in 2008, 580 million Naira in 2009 and 737 million naira in 2010.
When a fellow shareholder saw the happenings in this company, he asked me the following probing questions. What is the role of SEC? How can SEC truly protect minority shareholders? Is SEC capable of enforcing corporate governance? How can SEC prevent conflict of interest between managers’ personal companies and the companies they are managing? Did SEC verify, investigate and approve agreements and transactions that mortgage the interest of minority shareholders? I am yet to provide answers to my friend’s questions.
Although the core investor cum management have decided to terminate this obnoxious technical and management service agreement, but the termination of the agreement will be at a great cost to the shareholders. Because of the not too fair manner, the core investors want to be paid. Rather than paying off the negotiated termination fees in cash, management decided to settle the liability through convertible notes instruments and cash. Paying off in cash is in the best interest of shareholders, it is even better to borrow the cash and pay an interest of 30% or use the proceeds of the forthcoming right issue to pay the termination fee.
When will the notes be converted to shares, at what rate will they be converted to shares. We all know that the net asset per share of the company’s stock is over 40 naira, converting the notes to share at anything below 40 naira is detrimental to shareholders interest. By doing so we would have succeeded in mortgaging our future and stakes in the company. What the core investor is trying to do is for them to own majority shares in the company through the back door. If management believes strongly in our company, and they are concerned about shareholders interest, they should get the termination fees in cash and use the cash to buy more shares of the company on the floors of the stock exchange.
This company is planning an EGM which is slated for October 12th 2012, shareholders should express their minds about the negative happenings in the company because what we are experiencing in this company is not in the best interest of shareholders.
The company is now a conglomerate, as a result of this, investors and analysts do not know how to value the company and coupled with the corporate management problem which is making our company to sell at a ridiculously low price.
For us to derive better value from our investments in the company, it will be better if management can unbundle, spin-off and list the various subsidiaries of the company. Each subsidiary should be made to operate as an individual corporate entity, this will aid accountability, stop the milking of our company and improve corporate governance in each subsidiary. With this investors will be able to value each company on an individual basis, instead of the very complex structure that is in operation in our company.
Making a reckless and greedy management to sit up is not an easy task, but with focus and sincerity of purpose on the part of shareholders it is very possible. With the caliber of shareholders which we have in our company, we should be able to make management to amend their ways. As at December 2011, Pension funds owned 440 million shares, Public companies owned 61 million shares, Mutual funds owned 101 million shares, Nominees and Trust companies owned 375 million shares. Our Institutional investors should be able to organize themselves, so that they can demand and expect good corporate governance from the management and board of our company. They have the expertise and financial resources to fight this cause.
The Securities and Exchange Commission, Nigeria Stock Exchange and Pension Commission, should be please come to the aid of shareholders by making sure that Corporate governance becomes the other of the day in Corporate Nigeria. Pension Fund Administrators have invested in some of the companies that have issues with Corporate governance. PENCOM should make sure that Pension Fund Administrators have a representative on the boards of companies where they have invested workers fund in. We do not want a situation whereby workers and pensioners retirement funds will be in jeopardy.
We need a culture of good corporate governance in all the business organisations in Nigeria. Therefore individual and institutional investors should make sure that the activities of our managers and directors are guided by the principles of corporate governance, which are listed below.
• Rights of shareholders and equitable treatment of shareholders.
• Having the interests of the stakeholders e.g. employees, investors, suppliers, creditors, local communities, customers and policy makers.
• Roles and responsibilities of the board.
• Integrity and ethical behaviour by management.
• Disclosure and transparency.
When our managers and leaders are guided by these principles, things will truly change for the better in Corporate Nigeria, Stock Exchange and the nation as a whole.

Emmanuel Ewumi wrote in from Lagos Nigeria

Prophetic

WafOil:
Earn 5% on Investment when you refer investment Partner to our Palm Oil Processing and Export business

Please look elsewhere, nobody can fall for this scam.

Please open a thread for this.

emmanuelewumi:



Please look elsewhere, nobody can fall for this scam.

Please open a thread for this.

OK, thank you for the advice

I don't understand the logic behind this Oando issue now on this thread!
Why are you guys predicting doom for Oando now things may be turning for the better

Wale n Co management thuggery has been like a cancer in Oando which has resulted in a collapse of oando's share price for some years now.
But things may turn due to the petition to SEC by some foreign investors that may likely pull out Wale and co (the cancer) out of Oando.
If this happens a new mgt will take over and that alone will attract investors.
I dont see any harm on the SP now because those foreign investors will never pull out their money now when isec has taken the matter seriously. They will look forward to working with a new mgt in positioning the company towards reaping the potentials that made them buy into the company. The war is between investors vs mgt. And seems investors are on the attack with the help of isec.

I see Oando as a good buy if an interim board is announced.
This is my opinion sha.

Coolcash1:


Oando is a scam! Everybody knows this but nobody is doing anything about it....I pity those in it for long term.

emmanuelewumi:
I was with a 72 years investor yesterday. The man has over 40yrs experience in the stock market. He said he would rather invest in a bad company that has good managers than in a good company that has bad managers.

Oando was a good company prior to 2001 or in the days of Unipetrol.

Sooner than later bad managers will turn a good company to a bad one.

You have 2 pending questions to respond to.

Good evening friends. Pa Emma has really done very very well to help some of us to stick to what works for us. His voice is one that you can not ignore if you wish to succeed in this market. Sir, please help us to analyse some of the stocks we further need to avoid in the market.

Gud evenin Investors. Pls o, as a fresher in d capital market, I wantd 2 ask u guys d Pros. & Prof. wat tools you use for your analysis abeg. I hav read frm d beginin of thread & skipped 2 som part sef & i still can find it considering foreign markets can b diff frm ours. thankyou very much. I hope 2 join u guys @ d top wen i don sabi wella. @emmanuelewumi, dere re som que i will forward 2 u later.

emmanuelewumi:


We all know what bad managers did to Cadbury, Unilever, Union Bank, Unipetrol now known as Oando. In the case of Cadbury and Unilever more than 8 years after the bad managers the companies are yet to fully recover.

That's very interesting. Do you think Guinness plc is being currently mismanaged?

stockbuego:


That's very interesting. Do you think Guinness plc is being currently mismanaged?

Guinness had a little problem as per devaluation of the Naira, which affected cost of raw materials. I think they have to look inward because most of the raw materials have local substitutes Big investors and institutional investors should be more active in the running of the company and watch closely the transactions between these foreign owned companies and their parent companies. Most of the raw materials are supplied by the parent companies.
Not withstanding I still prefer foreign managers to Nigerian manager..

rebekah2011:
Good evening friends. Pa Emma has really done very very well to help some of us to stick to what works for us. His voice is one that you can not ignore if you wish to succeed in this market. Sir, please help us to analyse some of the stocks we further need to avoid in the market.

I will whenever I see any but it will be in parables. In my article i never mentioned Oando but people in the know, knew who I was referring to.

holm:


You have 2 pending questions to respond to.

What are the questions?

GCR Affirms FCMB A-(NG) Rating with Negative Outlook
https://www.businesspost.ng/2017/08/27/gcr-affirms-fcmb-ng-rating-negative-outlook/

emmanuelewumi:



We shall get the true picture before next week . The petition that led to SEC investigation was written by 2 big time foreign investors.

The Mafia can do anything to cover their tracks. I wrote an article about Oando in 2012 to SEC, NSE , all the media houses in Nigeria including Sahara reporters and Proshare but non of them published it except stockmarketnigeria and nairaland. Because the media houses don't want to lose juicy adverts from Oando.
You can google" corporate mis-governance and management recklessness" by Emmanuel EWUMI.
By November 2012 I sold all my Oando's share of almost 250k units for between N21 and N24.

Looks like they (SEC) are beginning to do something about it. I hope they are serious as it will be a win-win situation for all.

http://thenationonlineng.net/sec-strengthen-corporate-governance-enforcement/

Hi members, please i need opinion on this. I want to fill an e-dividend forms with First Registrars & Veritas Registrars. On the form, they request for BVN No. Is it safe for me to give out this number?

Gbengazzee:
Hi members, please i need opinion on this. I want to fill an e-dividend forms with First Registrars & Veritas Registrars. On the form, they request for BVN No. Is it safe for me to give out this number?

Yes, very safe.

emmanuelewumi:


Guinness had a little problem as per devaluation of the Naira, which affected cost of raw materials.

Not withstanding I still prefer foreign managers to Nigerian manager..

The bolded is a sad truth that we just have to acknowledge. Most Nigerian managers and entrepreneurs run businesses aground out of greed and penchant for profligacy. They don't believe in the philosophy of business outliving them.

Aug to Date
top 5 gainers

CILeasing +38.75%
DangFlour +26.82%
Guinness +22.46%
Nestle +19.02%
Livestock +16.05%


(dangFlour breaking on on d weekly)

fxuser:
Aug to Date
top 5 gainers

CILeasing +38.75%
DangFlour +26.82%
Guinness +22.46%
Nestle +19.02%
Livestock +16.05%
(dangFlour breaking on on d weekly)

Top Losers thus far
Aug To Date

Mobil -23.89%
Morison -23.73%
NEM -21.09%
ConOil -20.14%
Total -19.70%
Mansard -13.64%
RedStar -12.4-%
FO -12.28%
Oando -12.18%
Champion Brew -11.87%


Oil sector taking major hits.

fxuser:
Aug to Date
top 5 gainers

CILeasing +38.75%
DangFlour +26.82%
Guinness +22.46%
Nestle +19.02%
Livestock +16.05%


(dangFlour breaking on on d weekly)

Thanks for this.
Can you kindly give us the update on the various indexis as to % gain in the month of August

fxuser:
Aug to Date

DangFlour +26.82%


(dangFlour breaking on on d weekly)

people eyes go open soon. will be surprise if value trader missing dis one with all our shout

in fact this stock still a good bargain at currentprice

cc Tritri

currentprice:


people eyes go open soon. will be surprise if value trader missing dis one with all our shout

in fact this stock still a good bargain at currentprice

cc Tritri

Somebody was busy comparing the stock to FBNH.

two stock that is yet to catch up with fair price based on their Q2 report are

1. Dangote flour

2. Nestle

unless we hear new bad report on this two. don't joke with it

cileasing also but i will like to continue monitoring. Q3 will tell i might miss it by then but no prob.

Gbengazzee:
Hi members, please i need opinion on this. I want to fill an e-dividend forms with First Registrars & Veritas Registrars. On the form, they request for BVN No. Is it safe for me to give out this number?

Don't be afraid, nothing will happen with only your BVN.

IMPORTANT THING TO KNOW ABOUT OUR BANK ACCOUNT

No body can withdraw money from your account with only your BVN.
BVN is just like your account number.
The most important aspect of your account were as follow; The combination of the following;
1. ATM card number and pin number
2. Your bank registered phone number (i.e the SIM CARD and its number) together with that your particular bank name, and your bank account number/ BVN (one can use it to download and register a new device and withdraw all your money in that particular bank)
3. Your mobile app password and pin number, (when one have access to your phone with this information, he/ she can use it to recharge his phone, pay bill or transfer money out from your account)
4. Internet online banking username, password and pin ( with this your information, one can have access to your account from any part of the world, he/she can recharge his or her phone, pay bills, and transfer money out from your account.) Most bank provide token, hard/soft token for transaction to take place.
5. Your check book and your account signature

Out side the above possible way, nobody apart from you and your bank will withdraw your money from your account.

So only BVN/Account number can not give someone access to withdraw your money.

Make sure you update and remove the phone number you register your account with, that is no longer in use, because one can easily use it to download mobile app and pay bill, recharge his phone, and transfer out money from your bank account.

For instance, I bought a glo line and registered it, since I bought the line, every transaction done by the former owner enters my phone, which has details of her account number.

I have search the name of the owner using Facebook, telling her to update and change the number to her current phone number.

Has it been that her glo line that has now turn to be mine enters wrong hand, the person will do away with her money.