MILITANT-AMNESTY-INVESTMENT

I JUST KEEP WONDERING THE PLAN THE FEDERAL GOVERNMENT OF NIGERIA HAVE IN THE AMNESTY PROGRAM....... YESTERDAY IN YENAGOA BAYELSA STATE, SOME EX-MILITANT TOOK TO THE STREETS AND BARRIGADED THE MAIN ROAD ASKING FOR THEIR PAYMENT. AND POEPLE ORDINARILY WERE SCARED, MOBILE POLICE AND SOLDIERS WERE DEPLOYED TO DIFFERENT STATIONS AND WERE ON PATROL. THEN I STARTED TO ASK WHO IS SUPPOSED TO PAY THESE MILITANTS(EX), AND HOW LONG WILL THEY BE PAID? WHO WILL BE CREATING THE INCOME THAT WILL BE USED TO PAY THEM? WELL THEY FEDERAL GOVERNMENT IS IN ABUJA BUT THESE MILITANTS KNOW THE STATE GOVERNMENT AND WILL DISTURB THE STATE GOVERNMENT UNTIL THEY ARE GIVEN WHAT THEY WERE PROMISED. IS THIS AMNESTY PROPERLY THOUGHT THROUGH OR IT WAS JUST JUMPED INTO?
IF THERE ARE NO PLANS TO MAKE THESE EX-MILITANTS GENERATE WHAT THEY EARN YOU CAN IMAGINE HOW THE RESOURCES OF THE NATION WILL BE REDUCED FOR THIS AMNESTY THING BECAUSE THESE FELLOWS WILL CONTINUE TO ASK FOR MONEY OR DISTRUPT PEACE AND ORDER IN THE CITIES AND IF THEY DO, INVESTORS WILL BE UNSETTLED AND WILL BE SCARED (EVEN IF THE MILITANTS DO NOT ATTACK PRIVATE INDIVIDUALS AND FIRMS) AND IT MIGHT LEAD TO A REDUCED INVESTMENT IN THE AREAS AFFECTED.
THIS IS SIMLAR TO WHAT IS HAPPENING IN THE BANKING INDUSTRY. HAS THE CBN GOVERNOR THOUGHT IT THROUGH BEFORE MAKING EVERYTHING SO PUBLIC? IS HE MAKING SOME INDIVIDUALS LOOK LIKE CRIMINALS AND SOME BUSINESS LOOK UNSTABLE? THE EFFECT IS ALREADY IN THE CAPITAL MARKET, BUT I TELL YOU IT STILL MAKES GOOD STOCKS JUICY.
THE CASHCRAFT REPORT FOR YESTERDAY -
All-Share index declined today by 271.97 basis points to drop by 1.243% as against 1.382% drop
of the previous trading day. Market capitalisation further dipped by N57.760 billion as against
N74.897 billion loss of last Friday trading. The number of stocks that gained declined from 29 of
the last trading day to 19 gainers today while 49 stocks lost and 57 securities repeated their previous trading prices. Ecobank and Spring bank dropped today by 4.97% and 4.94% respectively. It is opined that the drop is most likely to continue until their prices are at par with their contemporaries in the market when they would become attractive for investors.


Banking sector led the transaction volume at the close of trading today with the sector’s transaction volume accounting for 46.54% of the total market volume. The value of the sector’s trading today stood at N1.278 billion, accounting for 71.14% of the total market value. Insurance sector followed suite by trading 32.62% ofthe total market transactions. The heavy volume traded in the banking sector could be traced to the transactions in the shares of Zenith bank plc, Access bank plc, Diamond bank plc and FCMB Plc which traded 40.725 million, 27.271 million, 19.151 million and 14.820 million respectively.

Afribank plc could not resist the bears today, it dropped by 4.87%, Firstinland bank Plc dropped by 4.48%, Union bank plc lost 4.96% while Intercontinental bank plc and Oceanic bank plc successful resisted the bears today. There seems to be reduced Investors’ interest for Seven Up plc and Tripple Gee plc stocks as they could only manage to retain their previous trading prices. Nascon lost maximum today to close at N3.80 inspite of the 11k dividend declared (2.89% dividend yield). However, CCNN enjoyed more buyers’ patronage to gain 4.91% price appreciation; its dividend yield as at today stands at 7.96%

The results of Northern Nigeria Flourmill (NNFM) and Cement Company of Northern Nigeria (CCNN) were released on Friday.
NNFM declared 40k per share and the closure date is 21st September, 2009 and CCNN gave a dividend of 80k per share with the closure of register of 4th of September, 2009. The results of 7UP Plc, Crusader Plc, Nascon plc and Tripple Gee plc had been released with N1.50 dividend bonus of 1;10, 40k dividend and 11k dividend respectively. Their closure dates are 28th September, 2009 and 24th September, 2009, 14th September, 2009 and October 2nd, 2009 respectively.

The outcome of the town hall meeting between the Central bank of Nigeria and Chief Executive Officers of the five bailed out banks, the market operators and stakeholders in the capital market slated for the 16th of September, 2009 is anticipated to stimulate the much needed return of confidence to the market.

WE WANT TO HAVE CONFIDENCE IN THE AMNESTY PROGRAMME BUT IF IT IS HAVING LOGISTICS PROBLEMS THIS EARLY WHAT ARE WE TO EXPECT FROM INVESTORS, FEAR AND MORE FEAR.
MY DEAR READER, DO NOT BE AFRAID OF ALL THESE THINGS BECAUSE THERE ARE STILL FUNDAMENTALLY STRONG COMPANIES AND THIS IS A GOLDEN OPPORTUNITY TO HAVE THEM, EVEN WITH THE FEARS THE LAND STILL REMAINS ATTRACTIVE AND OKAY BECAUSE NO MILITANT CONSIDERS TAKING ANY LAND THINK OF IT. YOU CAN STUDY MORE THROUGH OUR BottomLINE MAGAZINE AVAILABLE FOR YOUR EDUCATION AND PLEASURE.
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