Every since I released this report, I have received a lot of phone calls and feed back on whats app
Top Bankers , pple from the regulatory environment, investors and Nigerians
The calls didnt seize until about 1am this morning delineating the importance of the issues raised in the report
I remain quite humbled that I am being taken seriously by leaders in our finance industry and up to the apex bank
The fact that a report that I only released on whats app could generate such furore and interest can only be humbling
That said, let me state very clearly my position on some insinuations that came with that volley of phone calls.
Wetin Segun do you – was the kernel of most of the calls especially from ‘normal’ people
While top bankers took me up on the issues and my data trying to correct same, others just basically irritated me with their pedestrian thoughts
A Bank Chairman took the time to explain to me why an Over subscription was not what to be happy about as it portends a pricing issue
In all my years as a stock broker, I have never looked at an oversubscription in that light
I have always looked at it as a show of tremendous market confidence and for that, I thank him.
Another Bank Chairman educated me on the difference between leadership change and ownership change as it relates to his Bank and I thank him for the enlighten ment.
Another former Bank MD also took the time to correct the GTCO PBT figure which I had erroneously stated as N1. 4t saying it was actually N1t. (further research shows it is N1. 2t)
The wetin dem do you crowd is what is promting this write up and also their cousins – the ones who look at it from the branding and image side of it.
Ok so i have two lives – an investment analyst and a media strategist viz my writings and media interventions and the rest
Yesterday, I wrote as an Investment analyst who carried the responsibility of an unbiased reporting on my shoulders as I wrote.
I did my research and got data from three very credible sources – the biggest rating firm in the country, top five stockbroking firm in the Country and online research from credible regulatory approved platforms.
I also had extensive discussions with the MD of the rating Company and the MD of an Investment bank that played a critical role as Issuing House and Placement agents on the offers
So what you saw there was a painstaking report that tried very seriously to throw up an unbiased, stress test passing and critical assessment of the excercise.
So its not about liking or not liking anybody or if dem annoy you or not.
It wasn’t a PR thing, so the- wetin make we do make you re- write am does not count. It shoudnt.
It is for this reason that I have set up the investment banking Consulting Firm – Barnaby and Edgar with a vision of looking very unbiasedly at the markets with the sole aim of advisng investors as they navigate the place.
I am not unaware that my other life as a theatre producer in constant search for sponsorship will continue to throw up the possibility of conflicts in my opinions and relationships which are gradually becoming quite influential and as such stress my integrity, friendships and associations.
It is in this regard, that I have gone retail in my sponsorship drive-going for little sponsorship amounts from as many sources as possible so that, I am not held down by interest in my other life.
No doubt, I have my friends who as a human being would always get some form of bias from me, i can say very categorically that the fact that they are my friends shows that we share mostly the same ideas on the markets, politics and issues which noe makes life easier for both sides in my self appointed career in commentary.
Im sorry, I had to drop this piece cos the calls would not seize, I dont have anything personal against anybody o
Make una no go trigger people to come beat me o, you know say some people dey touchy
Thank you
Duke of Shomolu