LordAdam16:

Maybe you don't have plans to ever wear a Brioni. Or stay at an Aman. Or buy La Mer for your wife. Or fund your kids/grandkids down payment or tuition in part or in full. Or comfortably pay for world-class medical care when you're frail.

-Lord

Ades1:



Tesla does not pay dividends, but this conversation was started for dividends, I only named Tesla because it is popular. But since we're still on Tesla what do you say to the $$$ people who bought at $350-$400?

Btw, before doing wire transfer, at what rate did you convert your naira to $$$?

For clarification, these are your stated fees,

1-1.5% Transaction fee
3% Wire fee
30% Taxes

Total as stated by you is 34-35%... You see that $2,000,000 I earlier stated as needed for $140k/year? May want to bump it up to $3,000,000 to account for those outrageous fees and taxes

ositadima1:


Lol, if you couldn't afford this lifestyle when you exchanged your naira for dollars at 180, how do you think you can afford it now?

Will this lifestyle become less expensive because the naira is devaluing? Some people sef. Unless you earn in dollars or live abroad, exchanging naira for dollars to buy foreign stocks will not suddenly make you dollar rich, naira rich maybe.

LordAdam16:


Respectfully, you're missing the forest for the trees.

I'm not sure why you're intentionally sidestepping the devaluation impairment. That is the elephant in the room.

3x surge in exchange rate in Nigeria that wipes off your capital's nominal value vs 30% extricated from dividends (you keep 70%) while your capital maintains its value and appreciates against the naira. It's a no-brainer. Buy a Eurobond, Municipal Bond, or a non-US domiciled ETF and you're exempt from the WHT.

The dollar camp will thin out if the naira held its value or experienced a marginal loss. Proponents will change their jerseys before you blink.

In fact, FPIs will return in droves. We'll all collectively be falling all over ourselves to buy the banks, palm oil, and other high yield dividend stocks and sleep with both eyes closed. There'd be sustained perennial capital appreciation of A-list coys as well.

Unfortunately, that is not the reality and a lot of people are not optimistic about how the next 10, 20, 30 years will shake out.

I repeat, devaluation is the primary reason for the interest in dollar-denominated securities. When the rate stabilizes for an extended period, very few people will chase single-digit yields in the US when CPs and stocks in Nigeria offer double digit yields. The math will be very different then.

You cannot be jumping out of NSE stocks when their quarterly results stink but point fingers at those looking to preserve their capital in $ securities when the naira rate is dropping like a rock. That's a shocking lack of self-awareness.

I don't care about the color of my money. I only care about what it can get me.

-Lord

RabbiDoracle:
Keep some cash for the generational low that is coming. It will be very painful when people see stocks at an unimaginable low level and can't buy. The market isn't bullish. In a real bullish market, everything rises.

Can NSE index touch 18,900? We will see.

Food cost will get worse. Oil price decline could exacerbate things for oil producing countries and banks that fund it. Emerging markets are about to see shege.

After these events comes calm.

See you in January 2024.

In Biden's voice: Let's lick the world!

Ades1:




Ummm lemme get this straight, I raised the issue of crazy fees and taxes, you accused me of spreading fake news. In your quest to insult and prove me wrong, you proved me right! All I did was point it out to you lol. But now, it was never about the Fees and Taxes??

Good luck to you brotherly

ositadima1:
The dollar has increased in value by 3 times or more in the last 8 years. Some "good" stocks have done even better, while others have decimated investors' money.

I believe that selecting good stocks can beat inflation.

Ades1:

Ummm lemme get this straight, I raised the issue of crazy fees and taxes, you accused me of spreading fake news. In your quest to insult and prove me wrong, you proved me right! All I did was point it out to you lol. But now, it was never about the Fees and Taxes??

Good luck to you brotherly

ojeysky:
Meristem has certainly done something with their new app.... Fast and swift!

BabsO2:


ACCESS had EPS over the last three years of (2020, 2021 and 2022) of N2.95, N3.56 and N3.57. These numbers makes it not qualify for lowest PE based on todays closing price of N10.20

Since Access has Tier 1 capital issued. Owners of these Tier 1 capital are entitled to profits. And it will be erroneous not to somehow discount for their entitlement when calculating the EPS for access for holders of its stock traded on the NSE.

DrAwo:


As Mpeace pointed out, kindly double check your numbers...

Also we need to ask why the numbers for 2022 came in that way (Ghana bond wahala). Will that continue this year? Maybe or maybe not. Excluding the Ghana write down, what would 2022 EPs have been? If gahna bonds do not raise their head again this year (hopefully not), how will 2023 EPs look like as compared with 2022 and with current price?

Answers to these questions will help one decide the direction access might be heading to.

What do you mean by tier 1 capital issued? All banks have tier 1 and 2 capital. Do you mind elaborating on what you meant.

comatekeke:

Where can I get ACCESS HOLDINGS 2022 Annual Report pdf?

sterlingD:


https://doclib.ngxgroup.com/Financial_NewsDocs/38273_ACCESS_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2022_FINANCIAL_STATEMENTS_APRIL_2023.pdf

comatekeke:

Where can I get ACCESS HOLDINGS 2022 Annual Report pdf?

RabbiDoracle:
Keep some cash for the generational low that is coming. It will be very painful when people see stocks at an unimaginable low level and can't buy. The market isn't bullish. In a real bullish market, everything rises.

Can NSE index touch 18,900? We will see.

Food cost will get worse. Oil price decline could exacerbate things for oil producing countries and banks that fund it. Emerging markets are about to see shege.

After these events comes calm.

See you in January 2024.

In Biden's voice: Let's lick the world!

presiade:
I'm not advertising, but reach out to me if you need dollar payments (school fees, SEVIS, purchases, etc.) in the USA in exchange for naira lodgement in a Nigerian bank.

ojeysky:


Do reach me on WhatsApp or put your contact.

comatekeke:

Where can I get ACCESS HOLDINGS 2022 Annual Report pdf?

Neverlosemoney:

Five Years Ago A Loaf Of Bread Was Selling For #50. You Were Given #200 To Purchase 4 Loaf Of Breads To Eat, You Decided To Put The Money Into An Investment Account Yielding 20% Per Annual. After 5 Years Of Compounding, Your #200 Is Now Worth #498 Before You Congratulate Yourself On A Job Well-done. A Loaf Of Bread Is Now Selling For #200, Your #498 Will Buy You Just 2 Loaf of Breads. Yes! You made great return on your investment, you might feel richer but you won't eat richer.

Food for thought

Investing should not be focused on making money but beating or keeping up with inflation or devaluation through any means necessary. I can't help but notice Most people focus on the former. As long they are making money they doing a great job. That is a wrong way of seeing investing.

presiade:
I'm not advertising, but reach out to me if you need dollar payments (school fees, SEVIS, purchases, etc.) in the USA in exchange for naira lodgement in a Nigerian bank.

moneymanager:
At the rate that these guyz are buying their bank stocks, does it mean they know something big is coming?