When 80 per cent of stocks on Dalal Street were facing severe selling pressure in Calendar 2019, promoters of at least 46 midcap and smallcap firms were busy in gradually raising their ownership. Promoters’ activity analysis can be one of the methods to judge where a business headed. A rise in promoter holding indicates that company owners are confident of their company’s growth prospects, as at any point they are the best judge of the strengths and weaknesses of the business. Data available with Ace Equity suggests promoters from across sectors including auto ancillary, batteries, casting, chemicals, consumer food, real estate, engineering, electrode, finance, information technology, hotels, pharmaceuticals, pesticides, sugar and textiles increased holdings every quarter in 2019. Some of the second-rung stocks in which promoters increased their holdings last year included Balaji Amines, Radhe Developers, Steel Strips Wheels, Bright Brothers, Libord Finance, HBL Power … [Read more...] about If promoter buying is cue for you, these 46 midcaps, smallcaps saw a lot of it in 2019
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We are now in engagement with those at the Ports Authority, we are even looking to do a follow up, like a review on what it is that has improved, what else we should be doing, etc. The port issue is of great concern to even people that are not in the business, so we at the chamber will continue to advocate. In terms of traffic control in Lagos, we have actually engaged FRSC, LASTMA and all those who are in charge of traffic control. We will engage them at least once in a year: they come here, we have a meeting, we let them know what is the new issue that has risen and let them know that there is more work to be done. … [Read more...] about 2020 outlook for SMEs – Mabogunje, LCCI President
False-positiveThat feeling of belonging and intimacy to which Zuckerberg referred -- of not missing out, of not just being part of something but being admired for it -- can be substantiated artificially in two ways. One is through the systematic, measured dispensation of status. This is the variable that was the focus of Nobel laureate economist John C. Harsanyi's career. In Harsanyi's time, there was no means -- scientific or automatic -- to quantify one's social status among a group, or in society at large. But this is exactly the currency of Internet-based social networking; the quantification of social status is precisely why Facebook was created. Social networks use status as a reward for participation; what's more, as the Sangji University study stated, they punish lack of participation with the removal of status, which triggers feelings of exclusion and anxiety. … [Read more...] about The decline of social media: Facebook and Twitter leave us wanting
“These promises can only be achieved if the President is in the driver’s seat not passenger’s seat and if he is surrounded by patriotic men and women of goodwill who assisted him during the campaign in the eyes of the world, traveled the nooks and crannies of this country to sell the ideology of the change mantra to the generality of Nigerians and not those who hide away when the going gets tough only to re-emerge when the tough work is done and the battle is won. … [Read more...] about Next Level Appointments: Are the President’s men at war?