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Nairaland Forum / Akseph1's Profile / Akseph1's Posts
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Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 10:20pm On Apr 29 |
CavendishPlex:Has anyone tried Naira card on aliexpress? |
Satellite TV Technology / Re: Free To Air Satellite Tv General Thread by akseph1: 4:30pm On Apr 21 |
umbo:So how do we go about it? I am a novice in FTA journey |
Satellite TV Technology / Re: Free To Air Satellite Tv General Thread by akseph1: 11:36pm On Apr 20 |
Anyone with tiger t60 for sale or where can I get it from? Thanks |
Technology Market / Re: Huawei Mate 20 X 5G new and Mate 20X UK used by akseph1: 10:12pm On Apr 14 |
Please do you have the follow come screen? |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 6:32am On Mar 29 |
Babalegba:Hope you know that this is not an argumentative or a political page. 5 Likes |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 12:46pm On Mar 27 |
morikee:Thanks |
Satellite TV Technology / Re: Free To Air Satellite Tv General Thread by akseph1: 1:09am On Mar 23 |
odilibe:please what decoder is this? |
Phones / Re: Phone Engineers On Nairaland Willing To Assist You - Part II by akseph1: 4:07pm On Mar 14 |
olundty:How much can it cost? |
Phones / Re: Phone Engineers On Nairaland Willing To Assist You - Part II by akseph1: 9:02am On Mar 14 |
olundty:I have my blackview tab 10. It is not displaying. |
Phones / Re: Phone Engineers On Nairaland Willing To Assist You - Part II by akseph1: 10:53am On Mar 07 |
Please how much can I get the screen of HUAWEI MATE 20X? Mine got broken, though still working. I also need blackview connecting flex for screen. |
Politics / Re: I’m Not Desperate To Be President — Peter Obi Insists by akseph1: 9:02am On Mar 06 |
Okete001:So do you have the turkey in your hands now? I wonder if you even have the ponmo at all? |
Politics / Re: Tinubu Not Well Prepared For Challenges Confronting Nigeria, Says Osuntokun by akseph1: 8:10pm On Mar 02 |
theophorus:So what are you literally saying? |
Business / Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by akseph1: 3:12pm On Mar 01 |
Saw this somewhere and decide to share it. MTN Nigeria recently released its 2023 FY results, reporting its first-ever loss of N177.8 billion, which resulted in a wipe-out of shareholders’ funds. The company attributed the losses to forex losses, stating that it had cost the company a whopping N740 billion in 2023. MTN also said that its financial statements were prepared for December 2023 using N907/$1 as the exchange rate. The current exchange rate is around N1600/$1. Should this be a major concern for MTN Nigeria? A negative shareholders’ fund is a major event in the financial lifecycle of a company and should be taken seriously. It means that the company’s shareholders no longer have any equity on paper and could need a substantial injection of equity to remain in effective control. For shareholders of MTN, a wipeout of its shareholder’s funds does not mean investors in the company no longer have shares in it. It also does not mean that the company has gone insolvent, especially in the case of MTN. At worst, the impact will be that MTN might not be able to pay dividends due to the losses. However, MTN’s ability to post robust operating profits should mean the company can return to positive shareholder funds as quickly as this year. It could also result in a drop in its share price (as has been the case this year) but this are all expected and could even be a buying opportunity. So what then? Typically, negative shareholders’ funds require that the company recapitalize, or inject profits into the business organically by posting profits in its next financial year. This situation can be made worse if the company is tight on cash and then needs to resort to its creditors for a lifeline. This is where MTN is quite different. Despite the massive losses reported, the company still has a robust free cash flow of N631 billion. The company also reported that it has a cash balance of N345 billion per its balance sheet. MTN’s capital structure has mostly relied on high gearing to finance its business, which is no surprise that its combined interest-bearing loans are around N1.1 trillion. MTN also generated a very high return on assets (14%) and a return on average equity of 119.5% in 2022, respectively. It is therefore not surprising that it relies heavily on debt to finance its operations. MTN is also solid in terms of its ability to rely on profits to return shareholder funds to positive. For example, last year MTN generated a profit after tax of N358 billion, which is more than 8x its negative shareholder funds of N40.4 billion. If you adjust for the one-time forex losses incurred in 2023, MTN could have reported a profit before tax of over N400 billion. In fact, despite the losses incurred, it generated an EBITDA of N1.2 trillion, thus showing it has enough cash flow to keep creditors happy. Based on this, it is unlikely that MTN will be significantly affected by the wipe-out of its shareholders’ funds. However, it could consider raising capital to ensure its balance sheet is stronger and able to withstand any further headwinds. The exchange rate is currently N1600/$1 compared to the N907 used by MTN in 2023, which suggests its Q1 results could be further affected. MTN relies heavily on foreign currency to purchase assets needed for its business. Thus, to keep posting strong margins, it will need to either increase its tariffs, reduce costs, or do both. However, these are the normal ordinary courses of business and can be addressed expeditiously.[font=Lucida Sans Unicode][/font] 2 Likes |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 7:11am On Feb 25 |
Sheld:Kindly post an update. Please |
Politics / Re: Again, Customs Intercepts Niger Republic Bound Grains In Kebbi by akseph1: 10:10am On Feb 23 |
Chukwuka319:Do you say wicked? I Don't think you know what is happening. I was told the price of fertilizer here in Middle belt is 40k. Imagine investing heavily on a farm and then you cannot get something tangible as profit. 2 Likes |
Politics / Re: Obi And His Futile Attempt To Remain Relevant Among His Autistic Followers by akseph1: 7:42am On Feb 13 |
GenSpecifics:The movement has never been for Obi and will never be for Obi. My challenge here is that, people are still playing politics with the country when it is being run aground by politicians. How much were you paid to be blind folded to the cry of the masses. If you are good and well to do, please think about other who could not go to school, eat good food because of the harshness in the economy. I know of a quantity of parents who withdrew their student from private school to a public school where nothing is happening. A lot of parent who are struggling to make a living. If you are okay, please think of others. Leave Obi out and let work on this country. Meanwhile I am yoruba and I don't support tribalism. Whoever can make this country better is what I am for |
Crime / Re: Lagos Task Force Arrests Gang That Extorts Money From Truck Drivers. by akseph1: 3:54pm On Feb 06 |
Watianoengineer:So are you enjoying the one you have now? |
Sports / Re: Ivory Coast. Vs Nigeria: AFCON 2023: 0 - 1 On 18th January 2024 by akseph1: 6:02pm On Jan 18 |
My advice to everyone. Please just forget about the game, if Nigeria lose, so be it. If they win, so be it. Just ensure you keep your peace 36 Likes 1 Share |
Foreign Affairs / Re: Pakistan Condemns Attack By Iran, And Says It Killed 2 Children And Wounded 3. by akseph1: 9:03am On Jan 17 |
Alaigbo:So two children are not life, right? 18 Likes |
Sports / Re: Burkina Faso Vs Mauritania: AFCON 2023 (1 - 0) On 16th January 2024 by akseph1: 5:42pm On Jan 16 |
Ubdavis:https://go.linkask.com/?m=1 |
Sports / Re: Egypt Vs Mozambique : AFCON 2023 (2 - 2) On 14th January 2024 by akseph1: 2:32pm On Jan 14 |
It should be 7 zero win to egypt |
Sports / Re: Ivory Coast Vs Guinea-bissau: AFCON 2023 - (2 - 0) On 13th January 2024 by akseph1: 10:47pm On Jan 13 |
Jobs/Vacancies / Re: N-Power Batch C1 & C2 - 2023 by akseph1: 3:36pm On Dec 29, 2023 |
Any update? |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 8:24am On Dec 23, 2023 |
Babalegba:Thanks |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 9:07pm On Dec 22, 2023 |
Babalegba:My brother, I had 2 referees before not knowing that they will be rejected. I opened a current account along side domiciliary account. Whenever people send money into my saving account, I don't know how it enter current account. I wanted to withdraw and I was told it is not possible until I get two referees. Na there I dey now. I have people from other bank who can serve as referees but not GTB has been the problem. That is why it is like I am looking for referees. I want to order for my tablet screen with the dollar account too. |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 4:08pm On Dec 22, 2023 |
Kingdemu:My Oga, I am a aliexpress shopper like you. Na the government policy na im dey make ma dey run do domiciliary account. You can check my post or comment here on nairaland. I can tell you that I can be trusted but if you feel unsafe afterall no problem and if you can help, I will be waiting. Though one person is also helping me now from here but not successful yet. Thank you for your response. I am grateful for not keeping mute on it. 🙏🙏🙏 |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 1:12pm On Dec 22, 2023 |
Yunusss:Two referees, I have gotten the two but was rejected. 1 Like |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 12:51pm On Dec 22, 2023 |
Kingdemu:Can you serve as a refreee for me for my domiciliary account? Let me know if you charge for doing so. Here is my WhatsApp zero 8 zero three 5 457487. Thanks0 |
Jobs/Vacancies / Re: N-Power Batch C1 & C2 - 2023 by akseph1: 12:22pm On Dec 22, 2023 |
ezenwaez:Thanks for the hope you gave |
Jobs/Vacancies / Re: N-Power Batch C1 & C2 - 2023 by akseph1: 12:03pm On Dec 22, 2023 |
PastorFire:At least he gives people hope |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 4:00pm On Dec 14, 2023 |
akseph1:Please I need two refreees to make my dollar account functional. 🙏🙏🙏🙏 |
Technology Market / Re: This Thread Is Only For Aliexpress Shopper by akseph1: 7:35pm On Dec 11, 2023 |
I need 2 refreees. I can ddo video call with you. So that you can see my face and know each other. Thank in anticipation. This is the Gtb of how to go about it
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