₦airaland Forum

Itzlinda:
Which Bua? bua cement or bua food?

BUAFOODS

BUA FY dividend landed!

I never had to fill any form to get dividends, even on my new portfolio with Atlass.

I think CSCS/SEC/Registrars have done what makes sense- if you already have my bank details, why am I having to fill another form in the name of madate??

Please indulge guys,
In 2-3 bullet points, would you recommend I use TMT rebars?

I see regular rebars at 840k vs TMT at 1050k.
For Y12.

Building is a duplex, I used regular Y16 for ground floor columns as well as slab beams.

Now I want to use Y12 for first floor columns.

Are there any strong reasons for using TMT or would the regular ones work just fine too?

Agbalowomeri:
So bring on the calculus dy/dX as t tends to infinity

As t -> ∞,
Supply approaches 0,
Price approaches the moon 😁.

IYGEAL:
If Presido and Customs don't tax it away, that is.

😁😀
It should mean custom duties also come down.

MrSamsung:
For example in your case when you mentioned "except co-founders", your statement was simple and straightforward but not clear without inserting a timeline(only possible timeline). So if I were a co-founder, with your "except co-founders" statement, I wanted to jump on the opportunity.

You're exactly right.
Sorry for not constructing the statement properly.
Also I apologize if it seemed like I insinuated you didn't already have the knowledge I shared.

But I appreciate the kind of response you gave, I like it. It was easy to see where I was wrong.

Some other people would just argue unnecessarily.

MrSamsung:
Can you expantiate more on your "except you co-founded the company o."
Does it mean as a UBA co-founder, I can or I will get it at the nominal value?

No, like someone said, you can never get the shares at nominal value again.

You could only have gotten for that price at the point of incorporation. If you were a founding member.

Like 30, 50, 100 years ago.

Or you can just ask an AI to explain more, it's patient enough.

But use one that has "Thinking" o.
Otherwise you're likely to hear more rubbish than facts.

It just may end this quarter below #1400.

That'll be a good relief.

That's like N1m going off the price of average cars for Nigerians.

Let people take a breather.

MrSamsung:
Thank you very much for the explanation.

So as investors since we are getting the Rights issue at the actual price/market price(N50), why do they bother mentioning the nominal value(50 kobo)? Or is there a way to get those Rights issue at the nominal value price or share premium price, which in either case will be a huge discount(10x or close to 10x)

haa...
Except you co-found the company o.

Nominal kwa Please na

KarlTom:
Just read an article on Reuters that Indonesia, the world's largest producer and exporter of Palm oil, has deployed a biofuel (called B40) that uses 40% Palm oil content.

In 2024, 13.2million kilolitres was consumed with 15.6million kilolitres allocated for 2025.
They're already working on B50 (60% palm oil content) which may require up to 19 million kilolitres of palm oil a year with likely deployment in 2026.

Likewise, there's an outbreak of Ganoderma (a parasitic fungus that causes palm trees to rot).

Palm Oil price might move ⬆

So, let me keep my small PRESCO na.

Something I will sell if is see 1450? 😁

But certainly for long termers these are strong HODLS.

Imagine if FTN cocoa ran cocoa business the way these guys do oyel, the rally caused by that outbreak last year would have been massive for their stock price too.

I just might start holding a little longer 😁😁.

At least weeks instead of days.

Holding for years isn't yet my portion.

1488 on Quidax,
I just lost more on the BTC I bought at 117k.

All good since I'm over 90% in NGN

GeneralDae:
Omo naira (parallel market) dey vex this morning oo

Good time to hold naira assets o.
And their $21bn liquidity injection hasn't even come.

I considered reactivating my dollar fund account last month, but I was like what's the point really?

MMF will give me 18%
Dollar fund will give 6% and if naira strengthens to 1350, I would have lost 10%


Every strategy needs a good timing.

I don't think now's a good time to be converting naira.

ojeysky:
Sorry typo

Please does anyone know when vfd will be having their rights issue?

I know. I was just looking for your trouble 😁😁

Ddll:
Bye!

Sleep well

Ddll:
From
✅ In simple terms: Unity’s negative shareholders’ funds are being cleaned up by CBN and won’t follow you into Providus. The ₦3.18/share offer is a “rescue exit” price, not a reflection of true positive equity.

I was only saying there's a reason it was the cheapest banking stock.

I have no interest in how the acquisition is effected whatsoever.

By the way, you guys should reduce the rate at which you quote AI, you guys seem to quote it without realizing it makes up junk atimes and present as fact, cos it's basically got no clue what it's talking about, it's all just statistics of the most probable words that'll form coherent sentences.

megawealth01:
We are watching closely. That's the only bank cheap at the moment

Is it also the only bank with negative shareholders funds?

ojeysky:
Please does anyone know why vfd will be having their rights issue?

Cos they need money duhh!!

😁😁

Reserves looking to break above $42bn ($41.5bn currently)
Naira looking to break below 1500 (1514 currently).

Index 0.6%
Market breadth 3.15x

Awesome!

kintus:
We have many newbies here and we can't keep encouraging unguarded entry into the market even when all indices suggest a need for patience and caution at a time like this.

3-4X PE isn't "guarded" enough?

If you guide too much, the newbies you're trying to help would only end up wishing they had bought when they had the chance.

There has to be a fair balance between greed and fear, otherwise those newbies should perhaps stick to the money market, or buy equity funds.

You get too greedy, you get burnt,
You get too fearful, you miss out.
These are certain!

yMcy56:
He don drink garri so teyyyy, he's almost relocating to Ichimoku cloud now 😁

Bought GT @18, sold @36 or 38, and he's been waiting endlessly for the round trip. Lol

Agba has gone to fixed deposits 😁😁😁

GTCO dividends alone since 2018 has surpassed N18 two times over.

yMcy56:
No one knows it all in this market....
You're just reading trend I guess....
Market can be unpredictable......
If you can categorically tell us when the market is hitting the bottom and it happens so, then I'll give it up for you.

* Hope you have the patience of Agba to keep waiting and keeping vigil to wait for the bottom?
Hope you're also ready to wait for as long as many years?
If you see the bottom, hope you no go pick race again? 😁

Agba has been waiting since 2018 to buy GTCO at N18 😁😁😁

Last session for the week.
It should break the bearish streak.

ASI at +0.2% or more
Market breadth at 0.5 or higher.
It's been doing 0.2, 0.3 for too long!

leo1234:
That London exchange was the beginning of my problem.

I bought when it traded over 130 on London exchange with the hope that it will easily do 120 on NGX.

Lesson learnt 🙂

😁😁😁😁
Give it time.

Some people bought public offer at N45 just about this time last year.

Let them finish taking profit.

Agbalowomeri:
If I am interested in ACCESS (or any stock for that matter) and it doesn't get to my level, I no buy noni.

Bank stocks that are doubtful for a 10% dividend no fit see my money At this level, I'd rather do fixed deposit

Well, the fact is when you're mature, you get less aggressive.

Some of us are still young, our portfolios are young too, so we can't exactly copy you.

A lot of banks will gladly fix your N15bn at 27%, so I can see why you won't buy 8% dividend yield in a hurry.

leo1234:
103

Some people bought at N109 today in London, some even at N120, so there's hope.

ositadima1:
It depends on how the support was built. If it was formed from below by being an old resistance that was broken and turned into support, then the price may still return there, even if only briefly. All it would take is some discouraging news or a whale offloading. That 20 is possible.

The wind that easily blows off shanties built on beaches, would be felt as breeze by other well built structures.

Access is more of a well built structure than a shanty.

Discouraging news?? Not so much. Whales offloading? Let's see how Aig and Wigwe's family settle on who manages his holdings.

If it goes to the family(extended) obviously they'll be highly likely to sell off (since they didn't work for it) 😁😁😁

I add laugh emojis to my posts since the forum is faceless, I don't like to come across as making arguments.

I just share perspectives- in good spirits.

Agbalowomeri:
Strong resistance at N20 so anything between 20 to 20.5 is a goal

How do you score these goals without shifting goal post??

Cos you wait at 20.5, it builds support at 24, then 6 months later, it's doing full bid at 36, isn't that a tiring wait if you never shift?

SonofElElyonRet:
maybe he means N20+kobo

I said let me look for his trouble small.

Agbalowomeri:
Wait for 20+

Isn't 26 20+??
You're confusing me now.

Maybe stick with sub so I can understand 😁

chimex38:
@bolded OK. understood. I was just making reference to Germany you mentioned.


Yes.. You are right, I know of Japans -ve interest rate then.

I was only curious on investing avenues with such rates..
How can I PAY interest for LENDING money and the BORROWER EARNS interest on it?
and PEOPLE actually key-in?

What benefit outways the finance on the lenders end?

This one dey cause HEADACHE

People have their motivations 😁😁

If you're not comfortable keeping your money as cash under your mattress, it may no longer be a matter of choice then, rates are negative, but there's no alternative.