stockbull:

that's psychology of market. It works in both virtual and real market.how would you believe and cherish a rice seller who claims to have sold many bags of rice and can not add a milk cup of rice to ten rubber you bought; he rather fail to measure the rice correctly. You paid for ten rubber but you're given nine

akintun: This is where i srruggle with the fact that nestle and nigerian breweries are selling at p/e's of 28. As their growth rate is barely 20%. Whereas the banks have growth rates of more than 50%. Surely there has to be a price correction for the nestle, cadbury and the likes. Or am i too pessimistic??

I personally would prefer a low p/e ratio 4 banks, becos we don't know d actual truth about their bad loans. I believe d banks are inherently risky. One day d madness of investiing large sums of money in gov bonds and TB would reduce, and when dis stops everyone go answer him papa name.

But this is where i think sanusi did well.he has brought transparency to a large degree. I agree with you though, imagine access bank that just declared a PAT of 40bn projecting 9bn PAT for q2 2013! Something smells a bit fishy there. Shouldnt profit growth be continuing? Q2 2012 was roughly 15bn.

ugodre:

EPS: Earnings Per Share. Imagine that you have a business you co own with some friends. You own 500shares or 50% of the company and your friend owns another 50% 500 shares. That means you both own a combined 1000shares. If at the end of the year your business makes a profit of N100k, then your earnings per share for the business will be N100,000 divided by the 1000shares which is N100.

Price Earnings. Now if your friend decides he no longer wants the business and ask you buy his 50%(500shares) for N250,000. It means,you pay N500 for each share he owns.

P.E ratio helps you determine if his share price is expensive or not.it simply is the price per share divided by the earnings per share. In this example, N500/N100 = 5x. In other words you are paying a price equivalent to 5 times the profit the business makes.

Whilst this may seem,unreasonable at first investors look at the future earnings potential of the company. Now imagine that in five years that company makes a profit of N500k or earnings per share of N500. Your N500 share price divided by the earnings per share of N500 is just 1 meaning the premium you paid five years earlier has been justified. Meanwhile whilst you bought that share from him at N500, the value may also rise more than that as people now want to pay a premium for the new earnings of N500k.At the same 5x that shares you paid N500 may now be worth N2,500 assuming everything remains the same.

So,basically p.e ratio is used to determine the value of a share to see whether it is expensive. A higher p.e ratio may also been that investors place a higher growth potential in the earnings of the company. News businesses typically have high p.e's whilst large and older ones do not.

Hope you get the drift.

cheers

This is where i srruggle with the fact that nestle and nigerian breweries are selling at p/e's of 28. As their growth rate is barely 20%. Whereas the banks have growth rates of more than 50%. Surely there has to be a price correction for the nestle, cadbury and the likes. Or am i too pessimistic??

occam:

Warren Buffet is absolutely right, where there is transparency in the market. The corruption and opaqueness in the Nigerian market is still a huge problem. Have they cleaned up the whole mess of 2007? Were any companies/individuals prosecuted for the massive frauds? Remember fraudulent malpractices was the main reason the Nigerian market collapsed

Institutional investors with deep pockets can risk investing in the Nigerian market. Individuals have to pause before committing funds.

I'll say for now, in Nigeria people should invest in tangible businesses or assets. Things you can see. Real estate, food processing etc Even eCommerce businesses has a huge growth potential

Not too sure i agree with you. The real estate market in Nigeria is severely overpriced, particularly in Lagos. I agree the NSE has a lot to work on, but there is a signifcant improvement from 2008. The banks have cleaned up their acts to a certain degree, and now are quite discounted in my opinion. Dividend yields of 5-7% were unheard of during the stock market boom of 2008.

Apologies. I see NB paid N3.

manie:


I think Zenith made an earning per share of over N3.00, Access made EPS of almost N1.70k. I think these figures are not too bad considering the prices the stocks.

Spot on! I think they are very good. Bear in mind Nigerian Breweries paid the same dividend as Zenith, at six times the share price. Also bear in mid the banks have a much lower PEG.

HISchild:

"The heavens declare the glory of God; and the firmament sheweth his handywork. Day unto day uttereth speech, and night unto night sheweth knowledge. There is no speech nor language, where their voice is not heard. Their line is gone out through all the earth, and their words to the end of the world. In them hath he set a tabernacle for the sun, Which is as a bridegroom coming out of his chamber, and rejoiceth as a strong man to run a race. His going forth is from the end of the heaven, and his circuit unto the ends of it: and there is nothing hid from the heat thereof." - Psalm 19:1-6


"For the wrath of God is revealed from heaven against all ungodliness and unrighteousness of men, who hold the truth in unrighteousness; Because that which may be known of God is manifest in them; for God hath shewed it unto them. For the invisible things of him from the creation of the world are clearly seen, being understood by the things that are made, even his eternal power and Godhead; so that they are without excuse: Because that, when they knew God, they glorified him not as God, neither were thankful; but became vain in their imaginations, and their foolish heart was darkened." -Romans 1:18-21

"But the LORD is the true God, he is the living God, and an everlasting king: at his wrath the earth shall tremble, and the nations shall not be able to abide his indignation." -Jeremiah 10:10

but know this as well & without question,

“The Lord [is] gracious, and full of compassion; slow to anger, And of great mercy.” - pss 145:8

"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his Son into the world to condemn the world; but that the world through him might be saved." - John 3:16-17

What a merciful, wonderful, good GOD. AlleluYAH!

SORRY , THIS HELPS THIS DEBATE HOW

Its bin a really refreshing debate on this particular thread.

One thing nobody has ever been able to explain to me is the concept of 'Deja Vu'!! How do we manage to see the future in our sleep? Are things already predetermined?? The more you think, the more confused you get!!


I for one truly believe that there is a God, but I also feel at times the concept of religion can be misleading.

martinosi:

Do you guys have anything better to do
than Witch-hunt and tear down your own country!!!

The most corrupt this!!!

The Most corrupt that!!!

I guess those that point the finger are also guilty of the
Crime 4x as much!!!,

Please try and post something more positive as we all
know what the disease is, what about a cure!!!

Kindly set the ball rolling.

NNPC, BY A MILE!!!!!!!!!!!!!!

ElRazur:



The issue of corruption is endemic in Nigeria, we are forever corrupt, and no denying this. You see, if there have been mismanagement of fund like some have suggested, I would have expected that the normal protocols are followed? Like I said before, this will be.   .    .   .  say auditing their accounts, and then compiling a case against them. I mean, that will be the order to go, and not the way he has done it so far.

FIFA is an independent body, and in order to keep the game reputable, there are rules member states have to play by. As it stand, Nigeria is not playing by the rules am afraid.  Jonathan in my opinion, acted in a moment of madness or should I dare suggest he is getting power drunk.

A sporting organisation in this case is FIFA, and as it stand controls everything about the game. I'm sorry, but your point of sovereignty is a weak. FIFA is not asking Nigeria not to create a new state, nor it it telling Jonathan to do something that is affecting the nation's sovereignty as it stand. It is instead asking Nigeria to respect the rules of the organisation and not to interfere as stipulated in the rules Nigeria's FA signed up to.

You see, these things are two different things and as such please let us not thread that line of argument.


Can you please explain to me as to how this benefit Nigeria's footballing future? Bear in mind, we are losing funding, we wont be recognised in any fifa sports - and this is not just foot ball player, but it will probably affect referees who may be needed to blow for international tournament, training etc. I don't know about you, but this is a step backward. I mean, after all said and done, FIFA may not recognise the people Jonathan may appoint, then what? What an own goal.

SUPERB POINT

Jeboy:

@Princek12


U re not really seeing the big picture that is why u ve been arguing blindly. The Target is not really SUPER EAGLES or any other Nigerian team but RESTRUCTURING CORRUPT AND INEPTITUDE NFF. Now trying to remove dem by either way of EFCC,ICPC etc by whatever govt. agency will attract FIFA sanction no matter how u paint it. This is the confidence the corrupt board are holding on to dare govt. that has been funding football. So in other not to be seen to break FIFA rules, disengage from their competition so we will not be seen like someone who wants to eat his cake and have it.  Thats why we re backing out. I strongly believe this decision is not only because of Super Eagles performance at the world cup cos we re not the worst team but an accumulation of the decay that has been there for over a decade. So pls Prince get it right. I believe most u of u clamouring against this ban will eat up your words in shame when it comes out good. Am taking stocks of your name. In two years time we shall re-acess the situation. I believe guys like Austin Jay Jay Okocha, Segun Odegbami, Mitchell Obi, Dan Ndanusa etc

I agree with your argument but i ask one question. What happens if goodluck does not stay beyond 2011?? What if the policies to 'reform NFF' are not put in place? what happens then?? The truth is NFF is a reflection of the state of the nation. You cannot dissolve them when all other aspects of the nation are equally screwed up.

i agree the figures are ridiculous, but those properties alone should be worth about 2 billion dollars. The woman is really heartless

Eguavon is better than Amodu, but not by much. I'd say bring on Siasia

Pathetic display. Kanu is a fool, so is Yakubu. How can we continue to start yakubu at 48 years of age

that driver for gather well well oooo
Must ne hung like a horse

bloody lie!!!no girl in nigeria will ever tell you she slept with 83 men, never!!! so wgat , she has had a change of heart if u sleep with 83 men, you are a hoe and will always be one, any way you slice it

otokx,
my mistake, he was unconscious for a while, not in a coma!!!!! sorry

he seems to be in a coma!!!!! This is getting scary

i dunno men, things are weird, sahara are been too quiet. They normally dont shut up about this kind of thing but nothing from them since morning, something feels up ooo!!

i served in borno state, was wonderful, did only three weeks though so maybe thats why, a year might have bin torture, but still miss maiduguri

what is the beef with SONY?? did they lie in any way,shape or form, you talking about banning sony products is really STUPID. cos as far as i am concerned they said the truth

nex:

Not good enough! Unless they're still believing that this AD came about by mistake.

First, the Federal Government should cancel the contract for the Refurbishing of NTA OB Vans. Directly or indirectly, this takes millions of dollars off the pocket of Sony.

Secondly, an embargo should be placed on all Sony goods coming into the country.


You don't come at this kind of disrespect with long words.

was the first to post yesterday but seun deleted my post. I think those numeric servers will work. thanks to the first poster for that. another thing is to try using ur fone browser with normal cgi proxy.

this is getting pretty heated. I think it will be unfair for us to label Daddy G.O a fraud. the man has turned redeemed into the fastest growing church in the world.  The man is great, give that to him. and there must be some sincerity people see or the church wouldnt be such a success that it is today.
However, i think this labelling of a millionaires club is a bit extravagant. Labelling people like this will create this sort of exclusivity that is not needed in ANY religion. giving to church should be sacred and quiet and not a way of boosting our politicians already over-bloated egos. this club serves that purpose for many.
LET GOD GUIDE US ALL. but its unfair to criticize him and call him a theif.

this thing will never end. like it or not, what will they do with 3 bedroom flats and no work? where will you give them jobs? how much you go pay them? many youths in MEND are already driving navigators and the like. do you think they will stop for 1,500 a day, and a 3 bedder, bullshit!!!!! if yaradua drops dat money, prepare for more groups springing up.

this is pure exageration. he aint going broke and we all know it. things may not be smooth within the group but he SURE AS HELL aint going broke. huhuonline my ass.

@ shesi,
what the bloody hell are you chatting. Our GDP may be higher than singapore or malaysia but our GDP PER CAPITA is way lower. AND THAT IS WHAT MATTERS.

men who knows

see, YOU CAN NEVER just trust the news. they have no confirmed insider

lee007:

If this is true then it is commendable.how could fg be shifting oil economy to lagos from niger delta?this is the 1st real hit.i never supported mend becos they were killing and destroying their own area.at least they've struck one of the enemy targets.remaining otta,abuja,kaduna and kano.

The above is the most ridiculous comment i have read so far, if i had any sympathy for the struggle in the Niger-Delta it disspered this morning. Why will these gang of robbers throw the whole nation into anachy, they are not the only deprived people on the face of the earth we are all affected someway by governments insensitivity to the plight of the people.

Attacking lagos is setting the goverment back greatly, especially with the drive of the present administration in attracting investors to the state. For the records lagos stste is the most deprived by the federal government and the developent withnesses soo far, has been throw internlly generated funds, this factn is soo evident, and the excuse that the Federal government is using miney from the Niger-Delta to develop lagos is hillarious

Those calling for full scale war should go to Youtube and watch clips on war in Angola, liberia, congo, and so on, i know they will have a chnge of mind.

We all know that there are issues, but MEND should give the government the benefit of the doubt this time around, heard Henry Okah will be released soon.

Please lets preach peace not war!

preach it my man.
MEND are aggreived but this is not the right way to go. Nothing concerns Lagos.
and by the way, what about all the money gotten from Kidnapping the OYIBOS over the years. what have they been using that for. their leaders are also a major part of the problem. They get the higest FG allocation , yet  the most underdeveloped. Charity begins at home. This has to Stop. Let MEND tackle their leaders first.