Please me I don't know o, I dey ask.

Is it only in Nigeria that such badly capitalized and managed companies are allowed to continue running? While they use credit as a lifeblood and suck in gullible and uneducated investors for more and more prestige and capital.

The show continues...........till the music stops.

We know how the story goes from here on.

Oceanic, Intercontinental, Japaul, Oando, Skye Bank, Jimoh Ibrahim(ALL his companies) and Union DICON Salt come to mind.

P.S @Yayira and other Ghanaian NSEMPAs
I don't know how active you are on GSE, but Energy Bank is an avoid o!!

Tell ya people make dem know.

If you doubt, Nigerian NSEMPAs can combine with Google and confirm this for una.

The bolded is the reason why

DaV8King:
Please me I don't know o, I dey ask.

Is it only in Nigeria that such badly capitalized and managed companies are allowed to continue running? While they use credit as a lifeblood and suck in gullible and uneducated investors for more and more prestige and capital.

The show continues...........till the music stops.

We know how the story goes from here on.

Oceanic, Intercontinental, Japaul, Oando, Skye Bank, Jimoh Ibrahim(ALL his companies) and Union DICON Salt come to mind.

P.S @Yayira and other Ghanaian NSEMPAs
I don't know how active you are on GSE, but Energy Bank is an avoid o!!

Tell ya people make dem know.

If you doubt, Nigerian NSEMPAs can combine with Google and confirm this for una.

Heard something? Please tell me before someone I know will go and buy carcass.. heard they want list don’t know if they’re through.
Tho I’m no longer there

All these yeye companies, we are waiting to deal with them. Dem no go see my money chop again

Yayira:


Heard something? Please tell me before someone I know will go and buy carcass.. heard they want list don’t know if they’re through.
Tho I’m no longer there

Like I said, Google about the chairman's (Jimoh Ibrahim) history.

Ask NSEMPA members whose opinions you trust

A few results here:
https://www.premiumtimesng.com/news/more-news/248204-jimoh-ibrahim-not-owner-newswatch-founders.html
http://saharareporters.com/2017/09/21/former-nicon-airways-workers-slam-bankruptcy-suit-jimoh-ibrahim-demand-n15bn-arrears

Agbalowomeri:


September price - 80kobo

December price - 50kobo

You may have to wait and see what their result will be by Q3. If Uzoma is able to "double" his effort, he might replicate FY '17 losses by Q3 18 and considering disclosures that will be made after audit (FY), they might join the league of those nationalised banks!

Just thinking out loud though. I don't have any portfolio.

Yayira:


You’ll not go and sell your Dunlop you bought at 5 naira for 0.20k to buy sugar and add to your life..
bitter somebody..
ManWoman

Gbam! He needs plenty sugar seriously, the bitterness is strong. ☺

DaV8King:
Please me I don't know o, I dey ask.

Is it only in Nigeria that such badly capitalized and managed companies are allowed to continue running? While they use credit as a lifeblood .....

The Hugh credit they take from banks to run those businesses as a lifeblood like you said, in most cases are usually in cohort with those bank management, who will then write off those huge loans as bad debts.
Have you ever wondered why some banks will still grant heavy loans to businesses in shambles with obvious bad management issues? And our institutions that are suppose to checkmate or rather prevent such happenings just watch, or better still look away?
Yeah, your guess is as good as mine!

Yayira:


Heard something? Please tell me before someone I know will go and buy carcass.. heard they want list don’t know if they’re through.
Tho I’m no longer there

The Oga, that @DaV8King referenced and bolded in his post up there, operates a Jegede management style.

Staco Insurance Fires Sakiru Oyefeso as CEO over Fraud
https://www.businesspost.ng/2018/08/03/staco-insurance-fires-sakiru-oyefeso-as-ceo-over-fraud/

Information Determines Value of Stock—ASHON
https://www.businesspost.ng/2018/08/03/information-determines-value-of-stock-ashon/

DaV8King:


Like I said, Google about the chairman's (Jimoh Ibrahim) history.

Ask NSEMPA members whose opinions you trust

A few results here:
https://www.premiumtimesng.com/news/more-news/248204-jimoh-ibrahim-not-owner-newswatch-founders.html
http://saharareporters.com/2017/09/21/former-nicon-airways-workers-slam-bankruptcy-suit-jimoh-ibrahim-demand-n15bn-arrears

Smh.. my people don enter am.. let me pass the message/warning

T.Y Danjuma-

Union Dicon Salt
May and Baker
And now Notore

I have not said anything

Boeh:


Although the Reserve Bank is privately owned, its shares are publicly traded. No shareholder is allowed to own its shares in excess of 10,000units. Please click the link below to see where its shares are quoted and traded.

https://www.resbank.co.za/AboutUs/Shareholding/Pages/Shareholding-Home.aspx

https://www.investopedia.com/articles/markets-economy/062216/5-central-banks-are-publicly-traded.asp

After allowing for certain provisions, payment of company tax on profits, transfers to reserves and dividend payments of not more than 10 cents per share to shareholders, the surplus of the Bank's earnings is paid to the Government. The Bank's operations are therefore not driven by a profit motive, but by serving the best interests of all the people in South Africa.

The Bank was delisted from the JSE Securities Exchange South Africa on 2 May 2002

Bank operations not driven by profit and was DELISTED from the exchange.

seyisanya:
Thanks for your valuable advise. I doubt if they have a live trading app, I will go to their office on Monday to get them to sell all the shares I bought through them so I can join a modern broker as you suggested. I appreciate your time!

glad i could help.

do ask more questions if any arises.

gamaliel9:
T.Y Danjuma-

Union Dicon Salt
May and Baker
And now Notore

I have not said anything

thank you!

ipo is for rookies ..
the demat process na "War"
the price na "hype"

fertilizer businesses have tanked in this country before;
what's to stop that from happening again?

remember IPO noise 2008:
disc 2 loading...

seyisanya:
Thanks a great deal. I hope it is going to be a smooth process since I already have a CSCS account or will it be an entirely new registration/account opening process if I decided to choose any of these firms and "dump" the current one.

Also, please sell everything.

do not use that same CSCS number for your new broker..(it takes extra long time and process)

just start a fresh and fund your new account.

it took me 3 months just to change address on my old CSCS account then another 2 months to merge it to my new CSCS acct!

THE ONLY SEEMLESS PROCESS IS A FRESH ACCOUNT with a new mordern broker.

gamaliel9:
T.Y Danjuma-
Union Dicon Salt May and Baker And now Notore
I have not said anything

what happened to may and baker?

RealityShot:
hmmm...
if they are still functional, get to know if they have a live trading app.

if not: get them to sell all your shares aand move to a new mordern broker withlive trading app like Morgan, Meristem, etc.

DO NOT TRY TO MOVE SHARES FROM ONE BROKER TO ANOTHER..(except they cant sell for you).... it takes months!

I am currently trying to move shares. I discovered the major part of the problem is the communication gap between the two brokers. So i serve as the middle man asking for updates and new information. That has helped because in Nigeria, you can't just submit a request and go to sleep.

I prefer to sell those shares myself. I cant give any broker any cut when i can do it myself.

Hello House,

Is Notore chemicals getting your BUY approval?

AdoptedSon:
Hello House,

Is Notore chemicals getting your BUY approval?

No sir

AdoptedSon:
Hello House,

Is Notore chemicals getting your BUY approval?

bro dont buy notore yet abeg, look for the one already tested and trusted

swilo:


Thanks Sirs Pluto09, FX, MH, BK, Agba for your responses...

Please, FX is ATR the Average True Range

yes boss . .

Been looking for this , thot to share

Link
https://www.youtube.com/watch?time_continue=5&v=3eh0Mzv9DiM



#trading #psychology

Diamond bank
2 perspective
- just 20.62% above 52 wk low of 0.97
- just -68% down from 52 wk high

the further u move away from 52 wk high , the more the over head supply
#random

Moody's Assigns first-time B2 Issuer Rating to Ecobank
https://www.businesspost.ng/2018/08/04/moodys-assigns-first-time-b2-issuer-rating-to-ecobank/

GCR Assigns BBB(NG), A2(NG) Ratings to Eterna
https://www.businesspost.ng/2018/08/04/gcr-assigns-bbbng-a2ng-ratings-to-eterna/

...show me thy faith without thy works, and I will show thee my faith by my works.
Thou believest that there is one God; thou doest well: the devils also believe, and tremble.
... by works was faith made perfect.
James 2:18-19,22 King James Version (KJV)

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/15#69984647

lolaluv1:


I am currently trying to move shares. I discovered the major part of the problem is the communication gap between the two brokers. So i serve as the middle man asking for updates and new information. That has helped because in Nigeria, you can't just submit a request and go to sleep.

I prefer to sell those shares myself. I cant give any broker any cut when i can do it myself.

great!

thats is when you are in Lagos.

when you are in the south south and can only email or call or send raw files via fedex... You must WAIT.

Imagine my demat form i sent to Lag with Fedex (#3k+) ..the Registrar says my broker should send the form back and have me counter sign it again.

after 4 months of waiting...
i just left the matter hanging..whenever i happen to be in lagos..they will not like my face AT ALL.

GOOD LUCK

Mood since Friday
I just tried run test o.chai

4601CE:
Mood since Friday I just tried run test o.chai

My dear, which stock woundjure you like this?
No worry, na victory go end am last last as seen on the trap. E mean say e no go tey before you go laugh on it again

Mcy56:

My dear, which stock woundjure you like this?
No worry, na victory go end am last last as seen on the trap. E mean say e no go tey before you go laugh on it again

This part got me

Sometime in 2008' this same japaul of 0.30 sold for 15naira. Lol. Time, time. You bad.

Mpeace:
Sometime in 2008' this same japaul of 0.30 sold for 15naira. Lol. Time, time. You bad.

loll