27 June 2008
26 June 2008
nigerian stock market commentary
What has remained a challenge is how to measure the sentiment of investors for participation in family owned businesses seeking an exit strategy through an IPO or sale to an investment boutique. Where is the forum for those seeking exit strategies to meet those who have the investment appetite for nurturing a private business from a family run business to a publicly listed company complete with the right degree of corporate governance and earnings? As a technology consultant I?m constantly seeking new ways of applying technology to enabling productivity and innovation. I?m interested in hearing from companies or individuals interested in exploring technology as an enabler.
As added to financialnigeria.com
As added to financialnigeria.com
nigerian stock market commentary
I'm somewhat amazed with the popular misconception amongst Nigerian investors that their investments in shares are expected to remain above the bought valuation.
This easily demonstrates either lack of investment sophistication or/and mis-selling on the part of promoters.
I believe today's shares promoter has a greater duty to educate investors of their expectations and obtain third party verification of a investors understanding.
I recall parallels with the dotcom boom and bust cycle ending circa 2000, where valuations of technology shares went sky-high. The same pathetic noises are being made by retail and professional investors alike for guidance on market sentiment just read a cross section of this month’s Nigerian newspapers.
There is an inherent risk that capital inflows will reduce and the dearth of new market participants into the market, not a scenario we are likely to see considering the impact of the oil economy.
Serious erosion of market capitalisation remains a possibility and has been muted by several analysts both Nigerian and foreign.
I believe, opportunities will exit for shares where fundamentals and cash flow are proven, until the market leaders shares can demonstrate steady and progressive dividends market volatility is here to stay.
As added to financialnigeria.com
This easily demonstrates either lack of investment sophistication or/and mis-selling on the part of promoters.
I believe today's shares promoter has a greater duty to educate investors of their expectations and obtain third party verification of a investors understanding.
I recall parallels with the dotcom boom and bust cycle ending circa 2000, where valuations of technology shares went sky-high. The same pathetic noises are being made by retail and professional investors alike for guidance on market sentiment just read a cross section of this month’s Nigerian newspapers.
There is an inherent risk that capital inflows will reduce and the dearth of new market participants into the market, not a scenario we are likely to see considering the impact of the oil economy.
Serious erosion of market capitalisation remains a possibility and has been muted by several analysts both Nigerian and foreign.
I believe, opportunities will exit for shares where fundamentals and cash flow are proven, until the market leaders shares can demonstrate steady and progressive dividends market volatility is here to stay.
As added to financialnigeria.com
18 June 2008
VirginAtlantic
When travelling to Nigeria I prefer flying direct from Heathrow, this narrows my choice of airline to just Virgin Atlantic and BA.
For the extra leg room I’m usually advised to travel is as large a sit as possible which for Virgin Atlantic and BA I usually book their Premium Economy seats.
Recently, I got an email from Virgin Atlantic promising their “WorldBeaters” seat sale, as to my dismay I note that of the several offers none were for flights to Nigeria.
Thinking back, I’ve never seen or heard of any kind of promotion from either of the carriers for flights to Nigeria.
I wonder why, is it that we deserve so offers or Nigeria is considered materially different to the rest of the world?
Obviously, I hear you saying well, if I don’t like it should fly with another airline, and that’s exactly what I’m going to do. From today, I’ll fly with Bellview and give a Nigerian Airline a share of custom. Maybe we all have to do the same, to get Virgin Atlantic and BA to accord us the same promotional offers as they do other destinations.
For the extra leg room I’m usually advised to travel is as large a sit as possible which for Virgin Atlantic and BA I usually book their Premium Economy seats.
Recently, I got an email from Virgin Atlantic promising their “WorldBeaters” seat sale, as to my dismay I note that of the several offers none were for flights to Nigeria.
Thinking back, I’ve never seen or heard of any kind of promotion from either of the carriers for flights to Nigeria.
I wonder why, is it that we deserve so offers or Nigeria is considered materially different to the rest of the world?
Obviously, I hear you saying well, if I don’t like it should fly with another airline, and that’s exactly what I’m going to do. From today, I’ll fly with Bellview and give a Nigerian Airline a share of custom. Maybe we all have to do the same, to get Virgin Atlantic and BA to accord us the same promotional offers as they do other destinations.
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