Truth234:
Axxela Funding Listed N11.5 Billion Bonds on Stock Exchange

Axxela Funding 1 Plc listed N11,500,000,000 Series 1 bonds at a 14.30 percent fixed rate on the Nigerian Stock Exchange on Thursday.

The bonds expected to mature in 2027 were issued under the N50,000,000,000 Bond Issuance Program today.

https://investorsking.com/axxela-funding-lists-n11-5bn-bonds-on-the-nigerian-stock-exchange/

Offer cloesd on 11 May 2020.

Have to buy it on the Secondary Market.

emmanuelewumi:



I hope this bonds will perform sha?

N10 million will earn a total coupon of N10 million in 7 years.

If the Investor reinvest his coupons for 7 years at a conservative return of 10% should be able grow his coupons to N13.3 million at maturity.

Plus the invested sum, that will be N23.3 million. Not bad for investors who care concerned about the safety of their capital through fixed income Investment over a period of 7 years.

My Oga Tread carefully

Axxela is majorly the power / gas distribution arm of Oando (divested)

Even banks are now lending at lower rates (to corporates) than the coupon rate of 14%, so why is a supposed mid level corporate willing to borrow at 14% particularly in thsi ultra low rate environment we are in

robobo:


My Oga Tread carefully

Axxela is majorly the power / gas distribution arm of Oando (divested)

Even banks are now lending at lower rates (to corporates) than the coupon rate of 14%, so why is a supposed mid level corporate willing to borrow at 14% particularly in thsi ultra low rate environment we are in

I only do FG bonds.

United Capital bonds offered about 12%, currently using the fund to buy some underpriced assets. I don't know when United Capital will push part of the over N10 billion raised into the stock market.

Pls somebody help me with NSE all time low and year.

I doubt if we have visited 10,000 index since 1960

bigjay01:


Check well o. They collected their 10% WHT from mine

You are right
Atimes too much jijo dey make person confuse issue

I was actually left with 280k units on markdown date but thought it was 250k.

Since they paid 10koboi i got dividend of N25,200k which means 10% withholding tax was deducted

Old wine in New skin

Please dont ask me.DD advised

OBAGADAFFI:



Offer cloesd on 11 May 2020.

Have to buy it on the Secondary Market.

Northeastern:


It thrives on unemployment. Even at that, Covid has exposed them for who they are. Church budget pass many states own and them no dey render any service or provide infrastructure. Just scamming people.

I agree with you 100%.

Nigerians will have to review this. If they listed churches as stocks on the NSE... una go chop dividends tire.

carbonado:
yes...okay thank you..

Investment one and Merristem do offer it.

emmanuelewumi:



I only do FG bonds.

United Capital bonds offered about 12%, currently using the fund to buy some underpriced assets. I don't know when United Capital will push part of the over N10 billion raised into the stock market.

ok sir

Stocks with new 52 week lows
Guinness #13.90k
Nacho #1.98k

Stocks with new 52 week lows
Guinness #13.90k
Nacho #1.98k

http://www.nse.com.ng/Financial_NewsDocs/30931_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FO.pdf

We have lift off...

robobo:


My Oga Tread carefully

Axxela is majorly the power / gas distribution arm of Oando (divested)

Even banks are now lending at lower rates (to corporates) than the coupon rate of 14%, so why is a supposed mid level corporate willing to borrow at 14% particularly in thsi ultra low rate environment we are in

Thank you.

Shitty bond. I'm sure they want to offload it to unsuspecting investors.

DrAwo:
http://www.nse.com.ng/Financial_NewsDocs/30931_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FO.pdf

We have lift off...

These guys are killing it despite the lockdown

DrAwo:
http://www.nse.com.ng/Financial_NewsDocs/30931_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FO.pdf

We have lift off...

Clearly a time for the market to have a run...more positive q2 coming in the weeks ahead

DrAwo:
http://www.nse.com.ng/Financial_NewsDocs/30931_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FO.pdf

We have lift off...

Despite the high impairment, the result is very impressive. The coming Q2 results of tier 1 banks might just be the catalyst that will drive the market North.

Thanks Dr.Awo for sharing.

DrAwo:
http://www.nse.com.ng/Financial_NewsDocs/30931_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FO.pdf

We have lift off...

opening salvo!

DrAwo:
http://www.nse.com.ng/Financial_NewsDocs/30931_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FO.pdf

Annualised PE of 4.2
Gross ratio 51%
Net ratio 43%
Debt ratio 92%
Debt/equity ratio 1112% (yes! You read that correctly)
Annualised ROA 1.74%
Annualised ROE 21%
P/B ratio 0.89

Please where did you get this from? Or is it your analysis?

DrAwo:
Growing the Dangote Cement way...
#ConsistentGrowth...

DrAwo:

Annualised PE of 4.2
Gross ratio 51%
Net ratio 43%
Debt ratio 92%
Debt/equity ratio 1112% (yes! You read that correctly)
Annualised ROA 1.74%
Annualised ROE 21%
P/B ratio 0.89

Quite an aggressive push for growth and I hope the cost of debt financing does not hurt investors returns in the long run.

kastgeraldino:
Please where did you get this from? Or is it your analysis?

Gotten from my own analysis...

DrAwo:

Annualised PE of 4.2
Gross ratio 51%
Net ratio 43%
Debt ratio 92%
Debt/equity ratio 1112% (yes! You read that correctly)
Annualised ROA 1.74%
Annualised ROE 21%
P/B ratio 0.89

My Oga

Nothing wrong with that ratio.

That is how an investment bank is supposed to run (high leverage) with occasional sell down of the levered products particular when the products had developed a life of its own

Na dem dey dull demself sinceeeee

Them just dey start d real business they were established to do

GonFreecss1:


Investment one and Merristem do offer it.

thank you.

sellydion:
Old wine in New skin

Please dont ask me.DD advised

Thanks

A good one from Ucap.
Group Q2 2020 EPS 32 against 28 in Q2 2019.
Though coy under-performed but overall was very okay, especially when we consider the atmosphere within which this result was achieved.
A good way to open inflow of Q2 results.

[quote author=PETERiCHY post=91776521]The way we now view thread
GOD dey oooo

Peterichy, you have been silent for sometime now.
Is like you dey inside Guinness trap.
Just stating my observation.

Nahco dividend landed today. My bank is elephant

DrAwo:
http://www.nse.com.ng/Financial_NewsDocs/30931_UNITED_CAPITAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FO.pdf

We have lift off...

Good result

[quote author=Suncam post=91784806][/quote]


Loooooool

Chibuking81:

Good result

I told you Q2 may not be that poor as you expected

Loooooool

veecovee:
Pls somebody help me with NSE all time low and year.

I doubt if we have visited 10,000 index since 1960

Ahh! It just came upon me to investigate this ...

Na wa ohh! It was as low as 4,600 in 1999 and as high as 65,000 in 2007

... anything can happen