sboga:
see mcy, the 500K in 2006 was 500K US DOLLARS
N 20 MILLION of today is 18K DOLLARS

so make sense...dis man suppose brap u till u will chop sense n stop dullin

Streetinvestor2:
I equally believe it is the stock
I feel information of what may play out at the court has filtered into custom Street. You know his is always insider infor

megawealth01:
Oando has just Monday before the long awaited judgement day

Locotrader:


I will gamble what I can loose on Monday.
I will pick just 100k units just to answer oando shareholder.I will not forgive myself if oando touch #36 which is the 200% customstreet has assured us.

Locotrader:


I will gamble what I can loose on Monday.
I will pick just 100k units just to answer oando shareholder.I will not forgive myself if oando touch #36 which is the 200% customstreet has assured us.

Zegra:


Assured you? Haba
Please moderate your expectations

Melcapital:

Reread this 5 times and could not make sense of it. That Nairaland allows easy opening of user accounts does not justify the amount of efforts spent by this person trying to type in a weird manner just to create the impression that they are different from any other thread-derailing moniker that has come here to waste pages in the past.

BabsO2:


I think the banks listed still have value in them based on Q3 book values per share and historical price to book ratios. Earnings per share have also improved for the banks going forward. However, there could be elevated impairment losses this year and next year due to the tough economic climate. How much this may erode value going forward, requires monitoring. Below are book values per share of the three banks based on Q3 numbers.
Zenith N61.11
GTCO N42.39
Fidelity N12.84
NB these book values can be eroded easily by impairments.

Fidelity is the weakest amongst the three based on historical price to book values.

I am not monitoring BUA Cement and Dangcement that much.

megawealth01:


Amen oooooo

I must become a billionaire before 2023 ends

Krisuba:



A public nuisance will never believe he is one until he finds himself in an asylum!!
Best to keep ignoring jibberish jargons!!

KayOn1:


@BabsO2
Any reason you mentioned just these 3?
FCMB has a higher BV than Fidelity though cheaper. Just asking as still trying to burnish my investment skills.

Krisuba:



A public nuisance will never believe he is one until he finds himself in an asylum!!
Best to keep ignoring jibberish jargons!!

Locotrader:


Expectations are always high in a gamble stock.Customstreet assured 200% for the stock he will release.When I flashed my torchlight,I saw oando

BabsO2:


I limited my answer to the question. FCMB was not part of the question. We are still waiting for its Q3. The Q2 book value was N17.35. Many banks didn't change much between Q2&3 numbers because of impairments booked in Q3

mikeapollo:


But Customstreet himself had cautioned on Oando in the past, saying that the buyout offer price N7.07 would likely be the eventual delisting price!
But it would be good if he now has positive intelligence about what would likely happen in Oando.

BabsO2:


Wale spoilt what he said and readings from his body language (which looked to me like, relax, we have restored the company and paying Naira dividends will be a piece of cake soon as we earn $$$$$$s) with "it may happen it may not happen" comment he made.

mikeapollo:


The court is likely to order Oando to fix a date for the extraordinary AGM (within a time frame) so that shareholders could vote and determine their acceptance or rejection of the buyout offer.
If the shareholders reject and there is another new/improved offer price from Oando, then it means they really want to delist and they may push for it. Otherwise, Oando would continue to be listed and then we continue to die there!

sky2891:

It's few days from now though the process may not end same day but it should get clearer.
Fingers crossed.

megawealth01:


What if it's shifted indefinitely?

sky2891:

Indefinitely is most unlikely.
We will know SEC's stand on the proposed buy out offer of N7.07 as that's the reason for the shift to Nov. 28.
The court might also order OANDO to fix a date and conduct the AGM/EGM.
I have this faith that it will, after all, be favourable.

Simply my thoughts.
I

PETERiCHY:
POS business: How operators stay afloat amidst rising competition
Cees Harmon by Cees Harmon 3 hours ago

A recent survey conducted by Nairametrics in Lagos, Abuja, and Port Harcourt sheds light on the thriving Point of Sale (PoS) business in Nigeria.

PoS agents, depending on location, earn between N5,000 and N12,000 daily.

This burgeoning industry, fueled by the simplicity of the technology, has created approximately 1.5 million jobs, surpassing the remuneration of many degree holders.

Operators attest to the profitability, with some earning as much as N360,000 monthly, outpacing salaries in traditional banking roles.

Several operators shared insights into their successful PoS businesses. Notably, strategic location selection plays a pivotal role.


Areas with high foot traffic, such as markets, universities, and commercial districts, prove lucrative. Offering additional services, like bill payments and money transfers, enhances customer attraction and retention.

Partnerships with other businesses and prioritizing exceptional customer service contribute to building a positive reputation in the competitive landscape.

To start a PoS business, obtaining a PoS machine is essential. The cost varies based on factors such as brand, quality, and features. Prices range from N50,000 to N200,000.


Some service providers offer free machines to agents, further reducing the entry barrier. This affordability contributes to the accessibility of the PoS business, making it an attractive venture for entrepreneurs.

An agent, Rose Ubong, told Nairametrics that effective marketing strategies, including location choice, customer service, and incentives, play a crucial role in attracting and retaining customers.

She added that overcoming challenges such as network issues, fraud, high commissions, competition, and regulatory compliance demands careful planning and continuous adaptation.

Starting a PoS business involves several key steps. Thorough research to understand industry dynamics, requirements, and challenges is crucial.

Raising start-up capital, choosing a prime location, and selecting a reliable PoS service provider are foundational steps. Registration with the chosen provider, advertising the business through various channels, and ensuring compliance with Central Bank of Nigeria (CBN) regulations complete the setup process.

The PoS business in Nigeria has experienced significant growth since the implementation of the agent banking system by the Central Bank of Nigeria in 2013.

As of July 2021, there were 986,252 registered PoS terminals in Nigeria, and the industry recorded N1.15 trillion in transactions by March 2023.

Globally, the PoS market is projected to grow from $80.8 billion in 2018 to $155.6 billion in 2028, showcasing its importance in the retail industry.

That is an indication that there is still a wide room for growth in Nigeria.

Moniepoint claims leadership in the market with over 600,000 agents, followed by OPay and Palmpay.

However, merchants have begun to overtake agents in the PoS market, with over 1.3 million merchants on the Moniepoint platform.

The market continues to thrive due to the convenience it offers in providing various financial services, from accepting payments to managing inventory.

There is no doubt that the PoS business in Nigeria presents a viable and lucrative opportunity for entrepreneurs. Its affordability, coupled with the potential for high daily earnings, positions it as a competitive alternative to traditional banking roles.

Success in this business hinges on strategic location selection, effective marketing, and adapting to industry dynamics.

As the PoS market continues to grow globally and in Nigeria, entrepreneurs entering this space should prioritize customer service.

https://nairametrics.com/2023/11/24/pos-business-how-operators-stay-afloat-amidst-rising-competition/

Melcapital:

Reread this 5 times and could not make sense of it. That Nairaland allows easy opening of user accounts does not justify the amount of efforts spent by this person trying to type in a weird manner just to create the impression that they are different from any other thread-derailing moniker that has come here to waste pages in the past.

sboga:
Cbn sef Dey allow dis lobbish.
Dem suppose to ban dis nonsense business.
E allow banks to not put atm like in developed kontries.
Dis is a simple rental business in it?
Na cash dem Dey sell u
No serious kontry shud have such a business.

U 2 are a duller to post dis here

Shebi na u B d 1 wey get E.D problem no fit knack well come carry pos machine fo u head

andico34:
bearish evening star on zenith bank...looking to find support at N18.50-N19.00

BabsO2:
The buyer mopping up FBNH at N20 for many days no come market today. He or she created a strong support for FBNH at N20. He must be Ote$ or one of the top contending FBNH shareholders. The mop up pulled FBNH from N16 in October to N20 and delivered over 500 million Shares valued at about N10b.

PETERiCHY:


Your LEVEL of FRUSTRATION is IRREDEEMABLE because a FOOL at FORTY is a FOOL FOREVER

BARGAIN HUNTERS TAKE NOTE!

BabsO2:


I think the banks listed still have value in them based on Q3 book values per share and historical price to book ratios. Earnings per share have also improved for the banks going forward. However, there could be elevated impairment losses this year and next year due to the tough economic climate. How much this may erode value going forward, requires monitoring. Below are book values per share of the three banks based on Q3 numbers.
Zenith N61.11
GTCO N42.39
Fidelity N12.84
NB these book values can be eroded easily by impairments.

Fidelity is the weakest amongst the three based on historical price to book values.

I am not monitoring BUA Cement and Dangcement that much.

sky2891:

Indefinitely is most unlikely.
We will know SEC's stand on the proposed buy out offer of N7.07 as that's the reason for the shift to Nov. 28.
The court might also order OANDO to fix a date and conduct the AGM/EGM.
I have this faith that it will, after all, be favourable.

Simply my thoughts.
I