BullBearMkt:

...what? Do you expect companies that import their raw materials at higher cost to make more profits? Sorry, I don't get it

BullBearMkt:

...what? Do you expect companies that import their raw materials at higher cost to make more profits? Sorry, I don't get it

Dum20:


MTN also imports its telecomunications equipment from foreign manufactures.

I think it is companies that source raw materials from farms are protected. The breweries use starch from cassava to make alcohol.....

Then it shows brewers have found alternatives.

If high cost gets so punitive, people will switch to things that are cheaper.

Please does anyone know the outcome/new details regarding the derivatives programme for the NSE before it became NGX?

Redoil:

minus MTN the rest of the stock mention are usually dependent on foreign currencies to import raw materials and machinery

80% of MTNs cost of operation is in foreign currency. Equipment is bought in foreign currencies, licenses are renewed in dollars, security patches are bought in dollars, some of their contractors are paid in foreign curencies and most importantly, they buy bandwidth from Orange International Carriers(I believe) in dollars.

Itsrm:


80% of MTNs cost of operation is in foreign currency. Equipment is bought in foreign currencies, licenses are renewed in dollars, security patches are bought in dollars, some of their contractors are paid in foreign curencies and most importantly, they buy bandwidth from Orange International Carriers(I believe) in dollars.

apart from banks which other stocks in the exchange does not depend on dollars

Itsrm:


80% of MTNs cost of operation is in foreign currency. Equipment is bought in foreign currencies, licenses are renewed in dollars, security patches are bought in dollars, some of their contractors are paid in foreign curencies and most importantly, they buy bandwidth from Orange International Carriers(I believe) in dollars.

Yet their figures quarter to quarter continue to impress.
Mtn are simply dominant in the nigerian telecoms market. They somehow find a way of pushing the cost to we the subscribers

RabbiDoracle:


These costs can be passed onto the consumers up till a point.

Look at banks, higher cost of energy, higher cost of consumables, higher cost of running the business and they still roll out good profits.

It is the consumers that usually suffer but up till a point where demand destruction (due to high prices) start to set in. At that point, the consumers stop buying or find alternatives.

Yes consumers bear the brunt, but to a certain point. Some items will then become exclusively for few privileged - meaning partial patronage & invariably affect company's booking good profits.

RabbiDoracle:


Then it shows brewers have found alternatives.

If high cost gets so punitive, people will switch to things that are cheaper.

this just mean the company producing original item will suffer while the other company producing cheaper alternative will benefit

Redoil:


apart from banks which other stocks in the exchange does not depend on dollars

@Redoil, you are correct jare. Even kidnappers are demanding dollars to free victims

BullBearMkt:

Yes consumers bear the brunt, but to a certain point. Some items will then become exclusively for few privileged - meaning partial patronage & invariably affect company's booking good profits.

Yes, some items will be for those who can afford.

Example, I remembered when Aero flight tickets were 5K per trip (PH or Abuja to Lag). Instead of travelling by ABC, you could just take Aero. Later it rose to 15K per trip.

Now I heard that during festive period flight tickets got to 100K last year. And it is currently 50K per trip. So gradually people find alternatives instead of flying.

Redoil:


apart from banks which other stocks in the exchange does not depend on dollars

Insurance companies?

BullBearMkt:

this just mean the company producing original item will suffer while the other company producing cheaper alternative will benefit

It is normal.

If you study inflationary pressure, you will see that it starts from those items that were commonly used or consumed (Say Nestle Milo, Joy Soap, Titus Sardines etc) and when these items get out of range for ordinary people, choices change instantly. People start to bid other items that are not considered at all in the past as an alternative (Say Cadbury Bournvita, Ose dudu, any type of sardine). These alternatives too will start competing in prices with those established brands and people migrate again to yet another lesser alternatives until every food item get out of hand.

That is why a smart investor, knowing that inflation is here, quickly starts storing those alternatives before price increases meet them. Or you start buying stocks of those companies that produce these alternatives.

Economics is just a social science.

Itsrm:


Insurance companies?

...insurance companies also pay their rents in dollars o

BullBearMkt:

...insurance companies also pay their rents in dollars o

Interesting

Itsrm:


Insurance companies?

they are some of the worst stock to invest in

Ekuu Market o

Agbalowomeri:


Quadruple on top forty Kobo

the company have the cleanest balance sheet on NSE, I admire their back-to-back negative enterprises valued, this could lead to outright buyout of the company in no distance time from where the retails investor will reap beautifully reward for their patience.

The company should do more to use their oxygen to improve on the ROE and eps. 7% and 0.40 affecting their share price at d moment.

$1 to Naira already N870 - N885

E ku market ooooo

Oando at it again

https://doclib.ngxgroup.com/Financial_NewsDocs/37186_OANDO_PLC%20OANDO_PLC__CORPORATE_ACTIONS_NOVEMBER_2022p.pdf

beejay1:
Oando at it again

https://doclib.ngxgroup.com/Financial_NewsDocs/37186_OANDO_PLC%20OANDO_PLC__CORPORATE_ACTIONS_NOVEMBER_2022p.pdf

Maybe Oando will soon metamorphose from oil firm to law firm

currentprice:


the company have the cleanest balance sheet on NSE, I admire their back-to-back negative enterprises valued, this could lead to outright buyout of the company in no distance time from where the retails investor will reap beautifully reward for their patience.

The company should do more to use their oxygen to improve on the ROE and eps. 7% and 0.40 affecting their share price at d moment.

The banks are the best place to stay now based on the results released so far.
This Gsk tried but can you mention other stocks you considered based on numbers?

sterlingD:
I had expected that by now Mansard would have delivered after reconstruction why is the stock price at bottom

As for Mansard, did you buy before reconstruction?
Are you still holding unto it till date?
Before reconstruction:
If you bought and didn't sell till date, then the fall in price wouldn't have affected you as such...
Reason:
** Before reconstruction , Mansard gave bonus issue of 17:7 (17 new bonus for every 7 held), that was 242% bonus issue declared and gave out.....
** Lets say you have 98,000units.....then your holdings woild have been:
(98,000 ÷ 7) x 17 = 238,000 + 98,000 = 336,000units

Post reconstruction:
** Nominal value changed from 50kobo to N2.00...
** Reconstruction: 1:4 (1 for every 4 held)
- New holdings would then become...
336,000 units ÷ 4 = 84,000units

Current Value: 84,000units X 1.60 = N134,400
Previous value: 98,000units X 0.83 = N81,340

*** Assuming you even bought pre-reconstruction @N1.50, your value for 98k units would have been N147,000!!
*** Final dividend of 0.25 Kobo paid for 2021 FYE
*** Interim Dividend of 0.06k now declared.....
*** This paid off more for long termers.....
** Patient investors would benefit more. Better performance, economic recovery, etc may spike price appreciation too
** These were extensively discussed here in 2021**

What is happening to Seplat

OBAGADAFFI:
What is happening to Seplat

Decline in Oil Production...

Willie2015:


Decline in Oil Production...

It's shocking.

Even Addax Petroleum finally shutdown.

Willie2015:


Decline in Oil Production...

What's the reason for the decline?

PETERiCHY:


By now many have learnt the moral of the above lesson

Meanwhile like we said earlier a repeat of 2008 global recession is staring at us.

By September it will be glaring and recede by march 2023.

APRIL 2023 will USHER a NEW DAWN

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

5months GONE more 5 to. GO.
BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

comatekeke:

What's the reason for the decline?

Outages in Key infrastructure and Oil theft
Positive is the Amukpe-Escravos Pipeline that lifted 700 kbbls in Octobe for the first time

OBAGADAFFI:


It's shocking.

Even Addax Petroleum finally shutdown.

Caused by outages in key infrastructure and Oil theft
Effect of the above should be reduced by the commencement of
Operation of Amukpe-Escravos Pipeline in October
While report looks bad with quarter to quarter basis
It gives a different scenario on a 9 months basis...

[quote author=Willie2015 post=118080788]

Agbalowomeri:


Maybe Oando will soon metamorphose from oil firm to law firm

This one got me rolling on the floor.

Dividends declared, awaiting payments...✍️

Airtel
Aluminium Extrusion
AXAMansard
Learn Africa
NB
Nestlé
OkomuOil
PRESCO
PZ
Seplat Energy
Total