Archive for April, 2011

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Litchfield Park Homes For Sale – Winning The Earliest Procedures to Residential Property Acquisition

Sunday, April 24th, 2011

It looks that getting begun with the hurdle of choosing a residential house at Licthfield Park homes for sale can confirm to be fairly a challenge for a selected number of folks. Getting through on house attainment acquisition can be quite uncomplicated if you fissure down the sense into pieces.

 

Keep in mind something like whether it’s the fitting point to select a property

 

You possibly will be becoming tired of something of employing a residence agent. A good deal of folks dig up to that moment in their lifestyles when these people feel that it is the period of time to stop employing and get going proudly owning a residential house. Let’s envision that you covet to have Litchfield Park real estate. Though it’s moderately perceivable that you will arrive to a stage in your days of living when you’re hunch such as renting a property is close to throwing financial funds away is also like contrary to investing a house, there’s heaps several to it than the individual desire for residential property acquisition. Before to yearning for Litchfield Park homes for sale, it’s substantial that you first get the picture how this will influence your life.

 

This is a colossal monetary vow that you’re making, and not each individual is equipped for this till they go at a precise moment in their years of existence. Investing your precious time to this untimely will expectedly head you to lose the shelter you invested in at Litchfield Park homes for sale at a number of precise point. If you are financially not ready for it will hamper your capacity to make methodical defrayments or will nearly all likely connote that you won’t qualify for a mortgage. If you are somewhat emotionally troubled for the demands of spending the mortgage for a great period of time will plunk an anxiety on your personal life also.

 

Transmuting your funds on the verge to have a residential house

 

Like for example if your wish is to shop Litchfield Park homes for sale, then you ought to be having the idea with approximately how greatly financial funds you be obliged to reach up with for the down payment. Also, clearing your credit card amount overdue and keeping your balances less will be a wise means to get standing by for at what time the customary payments start coming.

 

Pick up a credit score

 

When you perhaps plan it is the appropriate time to own a property, get a credit score prematurely of time so that you can look in the course of it and see irrespective of whether it’s missing something or involves corrections. A lot of persons aren’t conscious of that these people may finish up recompensing more than necessary simply as these people do not test whether or not their reports needed to be aligned.

 

See to it you get granted in support of a loan

 

It’s evolving to be appallingly convoluted for you to perform with vendors like for example if you do not possess a preapproval memo attached to your purchase suggestion. Getting the opportunity allowed for a mortgage isn’t an ironclad formal contract involving you and a bank, it just thinks of that you are ideal for a lend. Your credit score has by now been examined after that your employment ranking has by now been deep-rooted.

 

Use an agent

 

Your realtor will take on you throughout the residential home buying step as efficiently as possible. This is a big tread that you should not overlook to accept. Now that you possess a residential property firm functioning with you, you will be more enough on the plan to analyze thru residential house that you hanker after to look at so as to discover one with the aim of you can have the funds for to purchase. An agent’s important role at Litchfield Park homes for sale is to lend a hand maneuver you to the precise residential abode, as well as take care of the obligatory paperwork. Let your agent perform his or her responsibility then after that you will become aware of that the house buying step will be easier and more handy.

 

Article Source: http://www.articlesbase.com/real-estate-articles/litchfield-park-homes-for-sale-winning-the-earliest-procedures-to-residential-property-acquisition-4662739.html

About the Author

Arturo Mendez is a trusted writer who creates about articles associated to real estate. To gain more details about Litchfield Park homes for sale and Litchfield Park real estate inquire our website.

 

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OCEANIC BANK & FIRST BANK stock analysis post merger talk collapse

Sunday, April 24th, 2011

April 24 (Lagos) – Since we all heard the news of collapse of merger talks between First Bank of Nigeria Plc and Oceanic Bank Plc, the stock price of both banks has taken a beating. While one could attribute this to the overall price movement stagnation at the NSE over the past month, but these two stocks have fallen much more than the general market since the start of the year and much before from their pre merger talks. So we take a look at the stock performance of these two banks since January.

 

 

Background

Before we start analysing the stock performance of First Bank Plc and Oceanic Bank Plc, we must review the happenings in the period we are considering in the Nigerian banking sector. AMCON started soaking up the non performing loans from rescued banks in January. That led to NSE roaring ahead with most stocks rising sharply. Since then the mood has settled and stocks have retreated back to the same levels as in 2010. Interest rates have been increased, inflation is rising and oil prices are spiking up. Naira has been steadily falling since 2011 because of huge spending by the government on elections. Over the past week, post election riots destroyed any increase in NSE values caused by the election of Dr. Goodluck Johnathan. Now we take a look at stock performance of First Bank Plc and Oceanic Bank Plc in detail.

 

 

First Bank of Nigeria Plc

 

 

First Bank stock had been falling much before they decided against investing in Oceanic Bank. On January 20, First Bank stock spiked at N 16.12 led by unusually high trade volume of 176 million shares. The high trade volume continues for the next couple of days and from there onwards the decline began

 

Firstly the volume returned to normal levels and the stock price declined steadily. On April 21, the stock closed at N 13.16, thats a decline of 22% over a little more than 3 months. Over the past week when the merger news came out, the stock lost value along with rising volume. Between April 13-21, more than 268 million shares of first bank plc were traded and the stock retreated by 9%.

 

 

So what do we think?

First Bank is a top bank in Nigeria. Recently it reported a rise in earnings and profit for 2011 and proposed a dividend of 60 kobo per share. If the management of First Bank decided against investing in Oceanic Bank, they probably had very good reasons to do so. This Bank wants to concentrate on organic growth and it has immense capabilities in that regard.

 

 

Yes its stock is down 22% over past 3 months and the stock has been an under performer over the past year. The reason for this has less to do with collapse of talks with Oceanic Bank as the general banking environment is going through a tough phase.

 

 

With rising cost of borrowing and higher reserve ratio’s, Banks will find it harder to maintain their margins. However First Bank stock could recover from this position. Our target price for this stock is N 15.50.

 

Oceanic Bank Plc

 

 

Oceanic Bank is one of the banks that was rescued in the 2009 bailout by the CBN. In January when the Asset Management Company of Nigeria (AMCON) started buying the non performing loans of rescued banks, Oceanic Bank’s stock jumped up by 54% and it received more than N200 billion from AMCON.

 

On Dec 31 2010, Oceanic Bank closed at N2.5, On Jan 15 it was trading at N3.85, up by 54% backed by high volume. It is only natural for stock price to re-treat after such a huge spike in about 2 weeks. On April 21, the stock closed at N 1.72. That is a decline of 55%, almost exactly the same amount it increased in January.

 

 

 

The news of collapse of merger talks definitely had an impact on Oceanic Bank as its stock has fallen 15% since April 12.

 

What do we think?

 

 

Oceanic Bank’s stock price currently depends upon the news of possible mergers. Just because the merger with First Bank failed does not mean that Oceanic Bank will not find another deal very soon. Oceanic Bank owns top properties in Victoria Island and Ikoyi and will gain from their valuations as the real estate sector recovers.
Apart from this the Bank has taken a lot of measures to ensure that practices that led it its near collapse do not happen again. Our target price for this stock stock is N 2.20 for 2011.

Summary and disclosure

 

 

Easykobo analysts are positive on Banking sector and have a buy rating on both these stocks. We do not own any of these two stocks. We will advise you to consult your financial advisors before making any investment decisions.

 

 

 

Article Source: http://www.articlesbase.com/investing-articles/oceanic-bank-first-bank-stock-analysis-post-merger-talk-collapse-4663955.html

About the Author

EASYKOBO.COM is an interactive financial information hub for the Nigerian investor.

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Eliminate Credit Card Debt Legally – Find the answer right here and erase your debts

Sunday, April 24th, 2011

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There are a great many options available to people with debt problems. Two of the most commonly used options are bankruptcy and debt settlement. There are many different opinions out there about which of these two are the best.

Those who feel that bankruptcy is the better option think so because the result is a complete elimination of the debt. Others think that settlement is a better option, because it does not damage a person’s credit history anywhere near as much as bankruptcy. For many, settlement is the best solution. The following is a comparison of both bankruptcy and debt settlement for a solution to how to eliminate credit card debt legally.

First, let’s take a look at bankruptcy. The most important benefit of it is that all of your debt is completely eliminated. So if there is no realistic possibility of paying back what is owed, bankruptcy might be your only alternative. There are drawbacks to bankruptcy that are very important to consider.

The biggest drawback to bankruptcy is that it has a very negative impact on your credit history. This negative impact lasts for a long time. This can make future purchases difficult or impossible. People who have gone through bankruptcy have a difficult time getting mortgages or car loans in the future. Bankruptcy will impact your credit negatively for at least seven years. This is a very serious consequence and most people should try to avoid it if at all possible if you want an answer to how to eliminate credit card debt legally.

If you have the ability to continue to pay for at least a portion of your debt, then debt settlement might be a much better choice for you. Settlement does not erase your entire debt, but it does reduce it. Often, you can get your debt reduced by up to half of your original debt, plus you will not pay any more interest or fees on your debt. Debt settlement will lower your credit score temporarily, but once you have paid back your debt settlement, your credit will be restored. In most situations, debt settlement, if handled by a professional debt negotiator will be the best solution to your debt problems.

If you are having credit problems and are looking for solutions, bankruptcy or debt settlement are both options that you could explore. Based on the information here, debt settlement is most often the best solution for people who are looking for a solution for how to eliminate credit card debt legally.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/eliminate-credit-card-debt-legally-find-the-answer-right-here-and-erase-your-debts-4655881.html

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Here is the #1 resource to eliminate credit card debt legally just click here now

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