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FBN Share Offer and the Stock Market

First Bank of Nigeria (FBN) is offering about three billion shares to raise around a billion Naira. The buzz in the market is that it is a very good thing, and investors are likely to have very good returns on their investment.

The market hype is so much that is clouds out everything else on the market. I think it is a good deal, but a lot of people thought UBA was a great deal too and it has not lived up to that hype in my opinion (unlike Oceanic bank).

If you want to play the market, you have to do a lot of study and research. Know the things to watch out for, and all the terms and what they stand for. EPS, P/E ratio, moving averages and things like that.

You also have to decide what kind of investor you want to be. Some trade only in new shares, while others actively seek out opportunities in older stock. Or you can be very passive and entrust your investment to an investment house to trade your money in the stock market. The choice is yours. However you want to play it, the stock market is a place to make money or lose money quickly. Play carefully.

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Tuesday, June 19, 2007 Posted by | OpenZone | Leave a comment