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Investors’ Speak: Market meltdown hampers investors, registrars’ rapport

BY WILLIAM JIMOH

Anonymous Registrar:  The relationship between shareholders and registrars is a smooth one because they are partners in business and the contribution of the duo means so much to both the company and its shareholders.

The meltdown of the Nigerian capital market some years back has to a great extent affected this relationship because now, the number of shareholders patronizing registrars has reduced due to low interest and lack of confidence in both the system and its operations.

Currently, many companies are not declaring dividend, because of this, a lot of investors have even forgotten about their investments. Since they are getting no reward for it, they felt there is no need giving their time and resources to something which can not give them value for all their efforts and resources.

Jessica Edobor, a shareholder: I use to be a shareholder but I have sold the shares because I was not getting anything from them. The relationship was satisfying then, but I cannot say precisely what it looks like now.

Mutairu Ayinde, a civil servant: The only time I can remember going to a registrar was when I wanted to buy my shares, I have Zenith Bank shares, and since I always get my dividend warrant, I did not border myself about going to see my registrar until recently when I read in the newspaper that it is easier to get my dividend through electronic means. Another reason for not going is that I did not expect anything better than what I am getting now; the shares have dropped much in value than when I bought them.

Collins Ahon, a security man: The shock I experienced in respect to losing money from my shares due to the drop of share value since 2008 I have not been able to get over it. And I must confess to you that that my interest and confidence in the market is affected negatively. But currently I think there is a little improvement from what we use to have so I believe that will also held to grow the relationship between all the participants in the market and not that of investors and registrars alone.


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Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.