a no loss trading

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PRICES OF EQUITIES STABLE AT THE EXCHANGE – NO LOSS WAS RECORDED

 

The Stock Market Monday recorded a  history of no loss in the  prices of equities quoted on the floor of The Nigerian Stock Exchange.  31 equities appreciated in price while the remaining equities prices did not move up or down.  This is the first time in the history of the Nigerian Stock Exchange that such development will be recorded.  The development was as a result of executive fiat.  The price of equities have been on a downward trend for the past two  months.  That is since the second quarter of this year.  Some market experts believe this is a welcome development as investors were saved the heartache of continuous loss in the market due to the downward trend recorded recently in the market.

 

Amaeze Olisameka, a Stock Market expert said the development was in the interest of investors.  He said that the basic function of a regulator is the protection of investors ‘The questions is, has the fiat benefited investors or penalized investors.  Can any investor complain of lack of loss of value.  That should be the yardstick for measuring the fiat’.  Going further Olisaemeka said that regulatory bodies should only take actions that will sustain or enhance investors wealth and not subtract from it.  ‘Today no investor lost a kobo from the worth of his investment’.  He also opined that market regulatory intervention in equity pricing is a testimony of the fact that the regulatory bodies are not indifferent by standers, that they could be proactive in formulating guidelines and policies aimed at safeguarding shareholders investment.

 

Continuous downward slide in the prices of equities since the past two months has resulted in capital loss to investors.  Thus necessitating the executive fiat of equity price control.

 

This is the first time in the history of the Nigerian Stocks Exchange that executive fiat is used to control the prices of equities. 

 

Our money tip for today is –Consistently monitor your spending ,keep accurate records .

wednesday last week ,

 

By the way Ihad an enlightening talk with a foremost entrepreneurs’ financier in Nigeria.He speaks on the entrepreneurial climate in Nigeria among other things –enjoy it !

 

FINDING FINANCE FOR BUSINESSES IS BECOMING INCREASING CHALLENGING AS ENTREPRENEURS NEED FINANCE AS WELL EXPERTISE.GROFIN PROVIDES BOTH .OLU GBOLAHAN MARK-GEORGE SPEAKS ON BOTH SIDES OF ENTERPRENEURSHIP “FINANCING”

 

 

 

Q – Could you tell us what growth finance is all about?

 

A – Growth finance is an asset class of finance that defines between micro finance at the bottom end and private equity venture capital at  the top end. It used to be called the missing middle. And what it  is really is, is the finance for the small medium entrepreneur. It is the finance to grow your business, to take it up. You  already have an initial start or you are fairly  well set up to start and you are bigger than the small micro finance. . We are in between N6 million and N20 million.that ,s where we are – That’s the growth finance sector.

 

Q – Would you say that is a comparatively new sector?

 

A – Statistics world wide would show that the sector has  always existed. It’s just that it  is now that we are properly defining it. Growth Finance is taking the lead internationally as the pioneer, as the innovator, as the leader and the principles by which the class would be understood and defined. So it has always existed but what has happened is that it has always been given solutions in a haphazard manner. People have  always asked the people to fit their business to what is existing. Now we are tailoring the finance and the services to them. So the client is coming first and second.

 

Q – Is there a lapse in the banking sector that necessitated your kind of financing?

 

A – Finance is a very intricate industry. It has many sectors – so it would be incorrect for me to say- are the banks  doing what they are supposed to do. The banks have chosen to settle in certain areas. Because of the way they are set – up and because of their business module – they are functioning  in that manner. Which allows for specialists, developers and financiers such as  ourselves to come about. So the banks are doing what they are supposed to do for the mass market. We are also doing what we can do for the entrepreneur.

 

Q – Would you assess the entrepreneur scene in Nigeria?

 

A – Nigerians are very entrepreneurial. It is part  of the Nigerian culture. There are a lot of entrepreneurs available with good ideas. It’s just a question of harnessing those ideas. We have good ideas but going from good ideas to good business is a long diligent process. Which we try and help the entrepreneur to bring to pass.

 

Q – How does growth finance do this for the entrepreneur?

 

A – We have two  integrated products – which is  a product and a services. The product is the finance that we are giving  but we also  give what is called business development assistance which is advisory services to  help the business to grow and develop. We have learnt from previous studies that if you give somebody just the finance and he doest have the managerial skills it will not work and if you are give him the managerial skills without the finance it does not work either. So the product and the service that we sell is both, you receive the business development and you receive the finance once you have gone through the process and approval.

 

Q – How do you see the Nigerian entrepreneurial  scene by 2020?

 

A – I see it as very vibrant. Nigerian would play a significant role in the world economy and that can only happen by an entrepreneurial culture that is entrenched.  The Nigerian entrepreneur has a lot of opportunities to develop and to tap opportunities and creations that has already been done in other countries and to define it for our local content.

Thursday i  ll bring  you a chat with one of Nigeria’s brightest stock brokers .he talks on the recent trend in the market

 

 

And the bell rings!!Fidson Healthcare plc is listed on the floor the Nigerian Stock Exchange !This promises to be a good stock .First day trading saw the equity appreciating  with 5% .Experts say the equity should appreciate with at least 400 %in the next 6 months. By the way if the equity maintains the 5 percentage appreciation ,it will appreciate by a minimum of 600 % within the projected 6 months .The responsibility lies now with Fidson Management to  maintain good financial reports – this is the only way the price of the Fidson stock will maintain it’s present momentum . The company has good potentials as it’s earning per share is presently 2.74 .Market players say Fidson ‘s next quarter result should be strong enough to sustain the EPS .as at monday fidson closed at 9.10 .Keep your ears open .More listings will be coming to the market shortly e.g.-Tantalizers and Omatek