Saturday, November 29, 2008

Good News As Honeywell Flour Enters The Market

The good news might not be for you if you are one of the kalokalo speculators who flee the stock market as the bears reign and who had vowed never to have anything to do with the stock market again.
Astute investors who are winners and highly experienced in the market knows what to do when a company with strong fundamental which has been on the scene for years decide to offer its business to the public.
Honeywell initial public offering (IPO) smells good. Investors has been wondering over the years why this company has failed to list its shares on the stock market. Their prayers has now been answered. Honeywell has decided to float an IPO starting from December 3 to Decemeber 31st 2008. The share price is N8.50K
With just N8,500, you can grab 1000 units of the stock.
It is not in my character to recommend stock to you without giving you some facts about the company. So let's see some facts about Honeywell flour:
The four mill is a subsidiary of Honeywell Group and it is widely known for operational excellence, customer satisfaction, great sales and profitability. The company process and package flour and semolina from wheat. You surely love to buy semolina for your family menu. Why can't you just join those who will own the business and start making money from it. Honeywell flour mill also produces instant noddle. Hmmmm. That is a best seller anytime anyday.
The chairman of the company is Oba Otudeko-the Nigerian stock market guru who currently heads the board of the NSE. Hope you remember my teaching on making your money to follow good management and personality?
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