Akpaamunsi:


And you had to use an igbo name to write the satire Tribalism is ingrained in the blood of every yoruba man. Spits

He used two Igbo names in an illustration, one for good, one for bad. I didn't see anything tribalism in that. Relax bro

zendi:

Sitting on a $280b mountain of cash, said to be only half of his company's portfolio size, and refusing his loved one a humble request of $40,000 tied to a specific need, suggesting it's not a habitual pestering for money.........

Here is what a miser looks like, both in Africa and in America.
At 80+ what much time left does he have to share love?

You overlook the obvious: it's not as though he can't give her even $1 million but she wants to spend $40,000 on her kitchen and she can't afford it. You're the one calling it a need.

rmx:


Hate ke , loving his moves , it’s the move that gullible Nigerians believe , I don tell una reality

He should come out and state the Price he sold to them if it’s a lie . Very simple , don’t we know the price he sells diesel , aviation fuel etc .

I tell people i bought from you 1 naira and provide my evidence , you say No you dint , then tell us how much you sold it and your evidence . All So basic . I sign out on this

The actual thing to do is for NNPC to also reveal how much they are paying for PMS imports currently (since 16.8 million litres purchased from Dangote Refinery isn't enough for local consumption). NNPC is just trying to put DR on the spot vs Nigerians. You import at over #1,100/litre and subsidize it to sell at circa #840. Then you buy a better quality of the same product at less than your import price but because you don't want DR, you prefer not to pay a lower subsidy so that you can keep importing in order to pay a higher subsidy. The problem is that we don't seem to see through what they(NNPC) are doing.

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

This makes a lot of sense sha. Since the cabal that has allegedly scuttled efforts to revive the refineries so far, will have no more incentives to keep doing so. Dangote invested heavily in his refinery which has capacity to meet all Nigeria's current major refined products needs. He
can not be expected to give in to them without a fight. That should actually be a win-win for the economy.

nosa2:



DONT BE FOOLED

After totally discounting the other income (of which they keep a portion) they still made 373,504,548,000 in 6 months.

Using the pre offer ourstand shares of 29,431,179,224; we are still looking at a forward EPS of 25.38 and a P.E of 1.8.

Remember Other income is totally dscounted.

Even when I add the 9,000,000,000 shares from the offer, I am looking at 38,431,179,224 outstanding shares and a forward p.e of 2.37.

I cant believe GTB is this cheap. I hold and will keep buying with all I can raise

This is easily a N200 stock based on these worst case scenerios.

Abeg does anybody kow the closure date for the dividends?

It's a relief I didn't see in GTCO's account, the kind of spike in loan loss provisions that Zenith Bank reported. Hopefully, it's not early signs that the recent poor performance of businesses will find a way to eat into the banks' bottomline. All these cankerworms ...

yMcy56:

I don quickly edit am
Before dem go drag me into their vawulence again.

"Organized deception by association/interest" will eventually unravel. What's the difference between this and ponzi schemes? You lure people in, to be able to cash out, knowing some persons will eventually be left holding empty cans? And you will come back to use your "successful call" to repeat the cycle. That's detestable behavior.

Better a little with honesty than much riches with dishonesty.

PS: We saw what you edited. You now seem to agree it was a gamble all along. Because, if not, shouldn't you be happy that people are going to sell so that you can buy more of a company with a $1 valuation?

MARKETJJC:


But people putting in billions every week for some weeks now, are not ordinary traders or small persons. Or are you not seeing the amount exchanging hands every day and week?

My caution for "investors" remains. Putting in billions or trillions doesn't mean they can't go wrong. If you take out over 200b forex gains from that result, Oando still returned a loss of about 130 billion or more. And that forex gain is ONE-OFF.

If anyone wants to INVEST, they should be sure they have done their due diligence. SIMPLE.

Mankind2024:
https://nairametrics.com/2024/08/25/oandos-return-to-profitability-to-strategic-acquisition-the-prospect-for-investors/

One-off forex gains in 2023 is responsible for that profitability.

I am assuming most of the Oando hype here is by traders. Investors should note that and not be left holding monkeys on the long run.

Trade, if you want but look well if you're talking investment.

ositadima1:


LOL, I forgive you, because they say ignorance is bliss. You show Ichimoku and RSI here; did you do it with pen and paper? Don't you know you're running a program when you use your fancy technical analysis? What if I prefer running my technical analysis on programs I wrote myself, huh?

For your mind you think you are funny, LOL.

You are actually steps ahead of the pack by writing programs that can analyze the NGX. Those that trade forex are used to hearing "bots" trading. Those are actually programs. Though NGX may not be ready for such tech yet, there's no harm in being a pathfinder in that field.

KarlTom:
Thank you @Bagwa for the heads up.

I don't know if I should be happy or sad about this hashtag
#OandOIsNigeria

Battle between selfishness and patriotism

emmanuelewumi:
Good read

Please does anyone have a link to download the soft copy of the book?

Dem never ring opening bell? @dapix @KarlTom

MARKETJJC:


My brother! Why are you trying to wake some1 buried befittingly back to life? If such magic cum miracle is your specialty, why not visit the morgues and you will have plenty cadavers for your experiment? Or are you looking forward to curling a favor from him in the immediate or remote future? That matter has been laid to rest albeit your understanding of that clause is misplaced.
Thank you and good morning from here

I don't want to descend with you to where you want me to.

All I am telling you is: There are persons on this forum that are very helpful with their inputs. We don't want to lose them, and by no means not by your false premises. If one of the things you learnt by reading every post on this forum from page one is that "every positive analysis on a stock will only be validated by an upward movement in price and vice versa", please unlearn it. And don't use that false premise to cast aspersions on people that have been resource persons to the investment community since 2006 or earlier.

MARKETJJC:


I understand but also know that a journey of thousand miles begins with one step as they say. NAHCO started from somewhere and current price sounded the alarm as records show here. I have read all the pages here from page one to present and it took me two months. I saw a lot of transitions, agreements and disagreements. Even when Pa Emma spoke strongly against bua cement in favors of wapco many months ago but today Bua is still ahead of Wapco even after many years. So I understand. Unity Bank is negative but just wait for the suspension to be lifted and you will see plenty full bids

An analysis doesn't necessarily guarantee an upward or downward movement. Please don't float that criterion here to discredit one of the soundest human assets we have on this platform. In analyzing any stock, you look at the pros and cons and then make your decision. Every pro or con is a potential added insight. The direction of the stock price in future doesn't necessarily negate any of the pros or cons.

Streetinvestor2:
what happened to the guy. I didn't see any of his post today. I can't even believe that someone could consider me to be that clown.

Without fear or favour i am 1000% percent obedient though obi is too gentle to a fault. I will have never wished Tinubu to nigeria for 4 yrs talkless of considering 8yr when I am not cursed .I only supported 2 of his policy which I have always said.Pls this is not a political post so don't view it in that regard or respond equally in that regard

I think he said as much that he's here because of the Oando talk. So, no oando, no worries.

It's better to leave the politics out of the thread.

BullBearMkt:

Oga Emma, what about using it to marry another wife?

Tinubu 4×4. Oando up up. Investor good good.

chunkuli:
These are your monkeys? quote author=Streetinvestor2 post=131468167]Latest jewel at a time.Pls make your choice now

Caverton
International Breweries
MBENEFIT
Omatex
Royalex
Champion

DD not adviced

Olaide1295:

Sanctity of contract shouldn’t supersede a law.
If you enter into a contract that violates law of a country, then that’s your own wahala.

My thoughts exactly.

KarlTom:
...

Lawyers in the house should weigh in on this: I think contracts/agreements are only valid to the extent that they conform with the laws of the land. Am I correct?

If so, "sanctity of contracts" shouldn't be placed above provisions of the PIA act.

talk2me2:
Since When did the banks profit become Nigeria's crude oil?

I sha hope this will not be applied retroactively. That is, if this flies at all, it shouldn't apply to 2023. What kind of government is this? I'm short of words.

Princkez:
this Ucap reminds of NAHCO...when they did 3 for 2 bonus..today see their price, I will buy more UCAP after mark down.

Also remember that there were government interventions in Aviation and Healthcare companies during/after COVID that benefitted NAHCO.

nosa2:


Forward EPS of N5.16 and forward P.E of around 7?

Thats expensive in this market

Though I think the reported EPS is even annualized already. Isn't UCAP's outstanding shares 6 billion?

So PE is like 14.

However, by year end, they may pay a total N2.20k out as dividend.

nosa2:


Forward EPS of N5.16 and forward P.E of around 7?

Thats expensive in this market

Yes, judging by those metrics alone. However I think the major drivers of UCAP's price appreciation are a combination of decent and consistent growth, low outstanding shares and most especially high dividend payout and as an interpolation of these factors, growing dividend payouts. UCAP is a darling of dividend hunters and their strategy may be best for our market where good corporate governance could be an issue.

Bottomline is: With their unique high dividend payout, they are operating on a league of their own and so it won't also be fair to compare them with other financial institutions with traditionally low dividend payouts. I still maintain that their strategy is risky for the business but may not be so for short to medium term investors.

Mankind2024:
I decided to reject Access Bank's rights offer. Currently, I hold 520,000 units of Access Bank in my investment portfolio, which translates to 260,000 units of the rights offer. The cost implications of this are: 260,000 x 19.75 = 5,135,000.
If I were to buy in the secondary market @19.20, including commissions of up to 1.45%.
5,135,000 - 1.45% would get me 263,569 units.
Waiting till September/October, same amount could get 270,000 units plus due to possible liquidity constraints in 2 to 3 months post rights offer.
Reason?
The government aim of indirectly mopping excess Naira from circulation would have been achieved, Investors might flood the secondary market with Bank's shares.
##invest wisely
##Invest smartly

Current Market Price of Access needs to be above 20.1 for it to be profitable for me to sell some existing shares to take up my rights. That figure should be lower for those using Morgan iTrade.

chillykelly86:


Please does anyone know if these rights in Fidelity and Access will qualify for 2024 Half Year interim dividends(if any)? Please, if you have copies of their prospectus, kindly share. If you're also aware of allotment dates, kindly share. Thanks

Screenshot from Fidelity's prospectus.

Streetinvestor2:
It is not what you can do yourself. You cannot trade the shares yourself because it is done on the OTC board. And the two stocks you mentioned are not good market so no need for the stress.That is why no stock broker will have time for you.
You have three different forms to fill from the issuing house and scanned back to your broker.
The forms is sent to the registrar via your broker
and they now get approval to now trade it on your behalf.This two stocks are bad market because you can get it on the floor cheaper or just little difference that is why no one is buying from OTC.That is why you don't see bid and offer on them on OTC
Na majority shareholders get your right at the end or people applying for additional shares in the offer.

Thanks for the in-depth explanation.

Raider76:


I understand you can trade it on the NGX floor under the Board OTC and Symbol RR24ACCESS. I tried it on Morgan iTrade. I found the reserve price was 1kobo per share but no bids or offers. I thought for 1kobo per share it is not worth the hassle so I didn't proceed

Please does anyone know if these rights in Fidelity and Access will qualify for 2024 Half Year interim dividends(if any)? Please, if you have copies of their prospectus, kindly share. If you're also aware of allotment dates, kindly share. Thanks

Raider76:


I understand you can trade it on the NGX floor under the Board OTC and Symbol RR24ACCESS. I tried it on Morgan iTrade. I found the reserve price was 1kobo per share but no bids or offers. I thought for 1kobo per share it is not worth the hassle so I didn't proceed

I've tried this for Fidelity bank and Access on Lead Capital's LeadTrader app and got an error of not sufficient shares. I mailed them and they said I need to contact the registrars for verification before I can trade them. Has anyone been able to trade theirs? If yes, did you go through this process?

Streetinvestor2:
Mod are u seeing that this guy is a criminal. This is how he will change your post to deceive people thinking is my original post

If you have spare time, visit the Investments forum and click on "Mail Mod" to report the SpaceX moniker.

Raider76:


Besides FA I think TA also need to be combined with sentiment considerations, especially in the NGX. The current case of ETERNA is an example. TA in this case got help from hightened sentiment around the reported Dangote refinery dealership for ETERNA.

The bolded qualifies as a fundamental of the company, even though it may not be easily quantified.

SpaceX:
with the recent development of addition of the ministry of livestock I intend to invest in agricultural stocks and add to my portfolio. I have a target of 39% before the year runs out, I will advice you do same.

I love to challenge myself in owning different stocks, and contributing my top notch analysis gives me so much Joy.

Disclaimer: This is not an investment advice.

Hmmm. This guy is trying to normalize himself here.

Everyone should watch out to ensure no one falls for his gimmicks, especially those who don't know his first impression on this thread.

Discounts on some MTN SME Data Plans!!


There's a slash in prices of some MTN SME Data.

MTN 500MB - 200 180
MTN 1GB - 340 320
MTN 1.5GB - 510 490
MTN 2GB - 640 620
MTN 2.5GB - 800 780
MTN 3GB - 900 890
MTN 3.5GB - 1,070 1,050
MTN 4GB - 1,180 1,170
MTN 5GB - 1,450 1,430
MTN 6GB - 1,700
MTN 7GB - 1,950
MTN 8GB - 2,250 2,230
MTN 10GB - 2,800 2,750
MTN 12GB - 3,350 3,300
MTN 15GB - 4,150 4,100
MTN 20GB - 5,500 5,450
MTN 40GB - 10,900 10,850
Balance code - *461*4#

Thanks and God bless you,

Chile
For: Web Trends Hub team.