₦airaland Forum

Dum20:
Do you know where i can find the interest rate on this?

Most outlets are reporting over subscription, i am wondering what the interest rate is compared to previous one.

Business Day reports 8.75 for the 10- year and 9.25 for the 20-year.

Business Day is reporting $9.1bn in subs vs $2.2 bn offering for this week's Eurobond.

Good new for reserves: $50bn becoming more realistic
Good news for naira: we should move below 1400 in a matter of days
Good news for the market: CBN should be comfortable with another 2-300 bps cut.

Agbalowomeri:
That's from historical observations
By the time FY financial results are released, exuberance could move banks stocks to like 7-8% dividend yield at best. If you buy at higher valuations then na OYO you dey. You observe that GT moved and hoovered around 70 after declaring a dividend of N7. Maybe the promise of 15% dividend yield pushed it to 100 but the price adjustment will be confirmed with the next dividend declaration

I think we're speaking to slightly different things sha.

Agbalowomeri:
That's the level that people price banks in NGX. Beyond that it is a bad buy

Do you guys set this 10x factor (basically a 10% DY) without considering prevailing yields in the fixed income market?

If 364-day bills start doing 9% yield, does your factor get updated to like 15x dividend implying 6.7% DY?

I think running valuations based on dividends needs to be tied to the prevailing fixed income yields for it to hold much water.

Maybe something like expected DY = 60% of 364-day T bills yields, that's more dynamic and will likely be more accurate for judging prices.


I remember that year Emefiele took yields to sub 1%, we literally had day(s) of circuit breaker going off in this market, cos the market gained too much!!!

Streetinvestor2:
The AI is not really perfect. I was using it over the weekend to find out about electrical system of my car.It kept giving wrong information and conflicting answers
My kid said it was giving him wrong information on his assignment. And he started use negative words on it and the thing stopped responding to his further inquires..lol
I never confirmed how true it could be oh

It's probably part of why Buffet is keeping over $380bn in cash cos he maybe wants the AI bubble to burst and valuations to reset.

Maybe we'll still buy NVIDIA at 800bn valuation .

Streetinvestor2:
Does it mean he does not monitor what is happening on his site.It looks he is more interested in trying to beutify the site instead with colours as the interface

It means na only go AI dey hear, him no dey hear come again 😁😁😁

GeeKudi:
I responded earlier today to a post which said Trump will do everything to make a certain presidential candiate lose election in 2027 that the same Trump just lost an election in New York City to a candidate he hates with all his soul and spirit. I was banned and my response deleted. The bot is really over doing it.

AI that still told me to push API keys to GitHub today

I'm talking about Gemini 2.5 pro which is one of the leading ones o.

So useless outcomes like these are expected when one rate them too highly.

However Everytime I've experienced a ban is when that talkative comes on my post, so perhaps he chooses days when Seun's bots are acting up to stage his drama.

Streetinvestor2:
It looks seun and his bot will be the one to be posting while we read.After I responded to ur post.I quoted agba concerning the senate I chop another ban.
The sensoring of our posts is now too much.It looks thr is no more freedom of expression here

It's probably a case of giving AI more responsibility than they're capable of accurately handling.

Maybe human mods weren't giving him the kind of values he wanted either.

Streetinvestor2:
I don't think anyone is reporting. The bot is on different level today. I don chop reach 10 ban and unban today

You could be right, but only times I've ever been banned is when I speak harshly to one specific person, so reporting is the likely cause here.

Cause I've used harsh words with others well well, they just simply yab me back which is better.

As recently as this genocide issue for instance.

Streetinvestor2:
Many are only interested how individual stock are trading MTD.Nbody is really trading market. U are using ASI numbers which is never a true picture of what is happening on ngx.Then again u are daily trader not just jijo guys too so ur view is different. Long timer and jijo will tell u how far thr portfolio are bleeding and not the yeye 2.3 %

I replied you, but since the reply contained some bitter truths, the post was reported in cowardice.

Market is down 2.3% MTD,
I'm up 1.75 despite a big dip in NESTLE and realized loss in TOTAL.


Everyone has their time, long termers enjoy 3 digit returns, traders like me prefer consistency whether bull or bear, makes no difference although bull markets are easier to trade.

emmanuelewumi:
Be calming down, you too dey vex

That guy has issues.
I can see its about his perceived irrelevance?

I think its self esteem issues.

Cos i wonder how my posts now should him feel irrelevant on th thread.

An easy fix would be for him to just block my post instaed of waiting inperpetuity to see where i make mistakes that he can hijack.

Even the mistakes sef, i make them, but he never correctly identifies them, na the ones wen nor get mistake him dey always try quote out of desperation.

Maybe it's a spiritual problem.

How can the "fight" get interesting when the weak one is always in a hurry to report posts?

I've had arguments with others here, but there's only one for whom i get blocked cos he reports posts he fears.

ositadima1:
Why do you want to sell it in July next year? Do you have a crystal ball that says it will double by July 2026? The argument is that people are being misled into selling now, thinking it’s the better strategy, and I’m telling you it’s not. If you want to sell now, no problem, but for most investors who rotate their cash, they can sell and buy something else directly without being taxed, as long as it’s within the same tax year.

You're very confused.

Good thing when i write, it's not for people with emotional garbages like yourself, so bask on in your confusion and silly emotions.

ositadima1:
Here is where it was clearly stated in the Nigeria Tax Act 2025, on page 32.

Do you just like baseless arguments?

If you have 10m units of HONYFLOUR you bought at N5 and want to sell by July next year and pull out the proceeds

How does the provision you highlighted help you avoid paying taxes on the c. N150m gains?

ositadima1:
All this talk about rebasing isn’t necessary. Once you sell within a tax year and buy another stock, your tax automatically resets. So, you don’t have to sell now and wait until January to buy again, just make sure that whenever you sell, you also buy something else to trigger the reset.

The reset is what i mean by rebasing.

And its directed at folks who have low purchase price and aren't ready to sell yet.

If you have 10m units of HONYFLOUR you bought at N5 each, and you don't want to sell until next year,

You can rebase the cost now and avoid tax burden when you sell even if you don't reinvest the proceeds

Your suggestion requires that the proceeds still get reinvested next year, it's not helpful for those who need to pull out by then.

To be clear.
if you pull out this year, you're all good,
If you don't want to pull out this year and you have a low historical cost, rebase your cost.

mikeapollo:
While it makes sense for us to have backup strategies to avoid or minimize the impact of the CGT, let us all add our voice to condemn it on every forum and support the move to get it suspended, reversed or scrapped if possible.
We have nothing to lose, but everything to gain if we are able to do that.

Wouldn't this have been better to do while the laws were being drafted? I think stakeholders like the NGX management, CIS, and all these numerous shareholder associations didn't do enough.

While it might be harder to amend or repeal the CGT provisions in the current laws, It's a much easier possibility to fight for a suspension of its implementation, so if you know any platform where I can join such fight, please sign me up. Even if na to protest on a saturday morning

Streetinvestor2:
My own opinion. No need rebasing to pay any tax.I will only rebalance to defensive stocks because of red they will create temporary. I am confident they will be kicked out in 2027 and everything will be OK again.

It'll have thesame impact, since you'll be paying recent prices for the defensive stocks, no one will claim your historical low purchase price again.

mikeapollo:
Yes, that is correct.
But in my case, I will be fine selling about 35% of my portfolio before Jan 2026. The remaining 65% is strategic investment. I can even afford to sell below the N10m gain annually to beat the CGT law.

But I will also discuss with my brokers if I can arrange some cross-deals with them to beat the CGT law if possible.

Exactly my point.
The implementation doesn't look certain, but one can have backup strategies to minimize its impact should they carry on with it.

mikeapollo:
I cannot sell EVERYTHING in my portfolio. E get why!
But I can sell SOME for my strategic needs and projections, while I keep the rest because I know this govt and CGT cannot last forever.

If you hold any stock with a low purchase price, you'd be better off rebasing the cost than just hoping on a suspension of CGT. rebasing will conly cost you 2-3% trading fees vs 15-23% in potential CGT.

pluto09:
You don't want to sell before January and you don't want to pay CGT.
wish you well

The guy doesn't want to learn that there are numerous ways to avoid or minimize the impact, his preffered approach is to complain so much about it and hope the govt reverses.
I doubt they read his posts.

If a reversal/delayed implementation happens, good for everyone, if not, those who don't take advantage of the available provisions only have themselves to blame.

If I was to file tax returns for my activities on the NGX for 2025, iTrade and CitiTrader make it easy.

So far this year, on one of my accounts,

Total share sales is N425m
Reinvested amount is N409m

Trading fees is 9m

Net unreinvested amount is N7m.

Now I have two options:
1. convert N7m cash to shares by December 31 and I'll be completely exempt.

Then by January 2nd I sell and cash out.

2. prove that the cost of the N7m sales is N6m and that pay tax on just N1m.

I appreciate those guys for having such a great platform for traders.

I once tried one platform where I was told that yo even get continuous live feeds of market trades, I have to keep refreshing.

You place orders, it takes forever to reach market etc.

These guys did alright, let them just now incorporate virtual accounts to automate deposits and withdrawals.

I'm

kintus:
Why are some people happy when the market bleeds?

Do you take delight in seeing your fellow brother lose money? Why celebrate another man’s downfall?

How does it even give you joy to come here and keep chanting “red, red, red”?

If this were a village setting, such an attitude would easily be likened to witchcraft.

We need to be more considerate of others — their emotions and mental health — before throwing our unsolicited jabs.

Better days are ahead. 🌱

Witchcraft kwa??
Why can't my brother take his profit and await another entry?

If my brother doesn't understand the cyclical nature of the market then he's only just paying for his inexperience.

If however my brother is a long termer like Buffet, then he needs to understand that any losses aren't yet realized and thus should be less bothered by price volatility.

Mpeace:
I think the projection last week was 1.5k to 2.5k and that, to me is attainable next year, provided the ND Western deal scales through this year.

Seplat has an even higher target price, but the owners are just not interested in helping the stock appreciate. If they do a split in the manner of Aradel, and raise their OS to that level, they will easily appreciate to 4k plus.

You're right. But given that the market does peer pricing, we might need to wait to see a higher market cap for SEPLAT first before any sustained move on ARADEL.

This isn't cast in stone though.

Streetinvestor2:
I remember telling someone here he will see it below #700 soon

Last week, it was easier to belive it would hit 1500 cos some people focused on the 5k price target as with SEPLAT, without considering 7x oustanding shares.

Same ARADEL some people refused to sell at 869, last week, some people bought at 650 today. Same ARADEL they sold off at 650 this morning, some people will still buy for 750 today.

If the market isn't that volatile, wetin we gain??

Utalinmou:
The Houthis called for truce and promised not to attack any vessel again after Trump but the b0mbd d he'll out of them
Even Trump was supprised at their request and ever since then they've behaved.

The effort/impact ratio was too high in my opinion.

But I'm not military expert, neither do I have full context of the whole situation.

Agbalowomeri:
Do you want to join me in this market?

I'll check by next quarter 😁

Enough time to confirm that your loots are real and non volatile.

Unlike that $80k you made in one week.

Agbalowomeri:
So na first time I disappointed you be this

Me sef dey busy with another market

As if this will solve the CGT issue. 😁😁

If they implement the new laws, they will collect 25% of the loots whether it's made from NYSE or JSX, loots from those places don't even seem to have any exemption thresholds.