₦airaland Forum

Omonigeriarere:
But the applying through the app took me less than a minute to apply from anywhere and it has bn working perfectly for me

Those who feel disgruntled about their experience with I-Invest are entitled to feel that way.
it's likewise with those who judge it great.

We don't need an argument on it.

.

Chekitaut:
Provision need to be put in place. Am not a road master but in our line of Haulage you hardly see or experience truck with Granite in an accident. Our comprehensive insurance policy has always works for us.

just sometimes, when insurance firms demand 4m per annum on your tanker, if you're insuring the tanker and its content. And you pay 2-3 years without having any accident, it may start feeling too expensive, especially so if you're buying the policy for several trucks.

luvly4luv:
Good day my people.

I wish to ask if it is possible to give a standing order to my GTB account officer to reinvest my Tbill capital and profit on another Tbill auction after maturity and let it go on for 10 years? Your answers is highly appreciated.
Thanks

.The bank is in the best position to answer this for you.

But I think they should be able to make it work.

ClitRaider:
First 30 days 8.1%, second 30 days 8.1%, that's 16.2% in 60 days.
if I keep rolling over, I will get more than 100% in 365 days.
Baba, na FD I go do.

Yessss now, it's free money.


Take the advice. Read the first 5 pages, and some other pages at random.

needful:
Pls is it advisable to put huge amount of money on mmf like Axamansard, stanbic mutual funds?, what organisation regulates this investment houses. I browsed it but couldn't get anything on it. Urgent answer needed pls.

SEC primarily.

Chekitaut:
With a good insurance policy this will taking care off.

.But the premium may be too expensive.

ClitRaider:
Thanks brothers.
I just left Diamond Bank, the available tenor for TBills starts from 61 days @8.2%.
Meanwhile the bank officer advised me to go for FD for 30 days @ 9%.

I think the latter is better tho.

In terms of rates the 9% FD is actually 8.1% when you remove withholding tax.


meanwhile, I'd like to say that it's exciting to see that we can now chip in some talks, without people raising the 'derailing' alarm.

The whole of page 735 was about I-Invest T-bills, yet I've learnt more from the oil haulage business talks than I did from that page.

I'm not saying we should derail the thread o, but I'm saying once a while, we can have people share experience for us to learn from.

NIGHTLIFE100:
The whole of page 735 was all about I-invest whether it’s legit or not, whether to deal with bank or the app. Personally I won’t invest my hard earned money through I-invest but then everyone is entitled to their opinion, with that being said I’ll please advice everyone to ignore further response on it as there’s already enough message here to decide on.

I need public opinion, I have 8m fixed deposit at the rate of 8.5% that’ll mature may 23 but I’ve been contemplating on terminating and add more to invest in treasury bill at the secondary rate of 11.75% my bank already sent the form but my account officer said I’ll loose 25% of my accured interest if I terminate before maturity do y’all think it’s wise to terminate and invest on Tbills or hold to maturity.

perhaps we can run the numbers to see exactly which option is better.

So state either the date you commenced the FD, or the tenor you're doing. That's one parameter that's yet needed.

maishai:
Good insight.....Im still learning on how to add accounting numbers, but I have to admit Im just swayed about Alhajis midas touch on generating profit..........I know the bulk of the cash is being sunk in his refinery.


Anyway we learn day by day

Getting the details of those numbers is not even hard at all now. They all have notes added to them.

Tax credit 85bn (32)

that number in the bracket is the note that explains how that amount came about.

so by just scrolling through the long notes to note 32 the details are seen.

beatmonster:
Why do you believe in God without proof?

First, the definition you've shown up there doesn't mean belief has to be without proof. The adverb "especially" just means, it's more common to believe without proof.

I am a Christian, and I believe in God because of the proofs I have. Proofs too numerous to count.

Say I have an ache in my head, I lay my hands on it, pray, and within minutes, it goes.

or I need to be out, and it's terribly cloudy, I stretch my hands to the skies and pray for no rain and a clear weather, within minutes or sometimes an hour or two, it's a clear weather.

or I have a job, and after a while, I get tired of it, I quit without yet having another offer, I count on God, and within weeks, I have ten-fold earnings.

or A lecturer gives me -10 in an exam that was already too tough to make passmark in. And everyone pities me thinking it'd probably be a terrible score. I pray, and few months later, one of those who pitied comes to say to me 'you get 79A for 525, but they gave you -10 now?'

There are many many many more. And not a day passes without several proofs showing.

So, I believe in God, but it's with plenty proofs.

In case you want to ask ' how are you sure it's God who did all those things'

I'm a Nigerian, and we answer questions with question, but only if those questions wanting answers are funny (foolish) in the first place.

So my answer to you would be 'is it then your grand father that did it?'

ukay2:
Please i do not understand this your statement:Meanwhile Q2 is coming in just a few days.

How many of us have reached 25% of our investment target for the his year?

By month end, I'll be at about 10%.
If I go with the second target it'll be about 13%.

Please explain more

Thanks

I mean as investors, I expect that there'd be certain amounts we've set as target to be added to our investment portfolios this year.

So, since we're almost through with the first quarter, I'm thinking we should have achieved 25%.

someone who set 1m should have made 250k, while for someone targeting 100m, he should have made 25m.

I'm currently at 10-13%. But I expect earnings in the coming quarters to improve significantly, so I won't review downwards just yet.

I hope my English is better now sir.

I think enough has been said about I-Invest.

Walcom, Barrytone feels uncomfortable with how he was treated in his last dealing with them, he has the exclusive right to his appraisal of any service he receives. There's no point telling him whom to blame and whom not to.

Barrytone, Walcom thinks you shouldn't place a bad label on I-Invest as some folks like himself still enjoy their service. So please agree that he can choose to take pleasure in being served by any firm he chooses.

So, bottom line is there's enough info now on the forum about what's obtainable from banks and what's obtainable from Apps like I-Invest.

let each man choose for himself

Meanwhile Q2 is coming in just a few days.

How many of us have reached 25% of our investment target for the year?

By month end, I'll be at about 10%.
If I go with the second target it'll be about 13%.

maishai:
Alhaji has secured more tax credit with Executive order 7 to build roads which will be handled by his construction arm and the Chinese(CCECC), He has also applied for pioneer Status extension at the relevant agencies and is close to approval as ate the time of filing the annual report........The issue of smuggling cement is a NO NO as the price per 50kg bag of cement is #2500, a big disincentives for Firewall guys when a bag of rice goes for #12,000......The international price of cement is approximately #1000 from countries with excellent infrastructure, Cement is one of the most useless goods to transport by road as it is extremely expensive,Rail would have been better but this is Nigeria.......Good Economist just laugh at the country and its policy formulators, The chest beat that they have built roads , but most Roads in the country are designed for cars weighing 1ton and a maximum of 10 ton trucks, but we allow Cement Trucks and Tanker weighing over 60tons to ply the roads and people wonder why roads dont last more than 4years.........

Alhaji is the King of Cement in Nigeria, The Government of the day will just play into his hands

Great insight sir.

Now I think the tax credit that comes from building roads is quite different from the ones he's been enjoying from the pioneer status.

In the case of the road construction, you build a road for say 12bn, the government says, "hey we knock off 12bn from your tax obligations" Now you still have to bear some costs building that road. The net profit may eventually be 2bn, and your own share of it may just be 1bn-seeing that you involved a separate construction company.

so that's 1bn.

In the case of pioneer status, you have about 30mtpa capacity across four production lines, and you only need to produce 18mtpa to meet available demands.

Now 2 of your lines are old, and have lost their pioneer status, but the two remaining ones are relatively new and still qualify. So you just produce about 15mtpa from the two lines, while you produce the remaining 3mtpa from the old lines.

The result is you have about 30% of say 240bn that is due as tax. But you never pay a dime. 80bn in free tax money


Now compare 1bn to 80bn, and the difference is quite clear.

I wasn't here when the DANGCEM's results were analysed, but I hope it was noticed that the major cause of the profit spike was tax credit. I also hope that it was noticed that this tax credit isn't from the road construction, rather the report says, THEY APPLIED FOR PIONEER STATUS ON SOME OF THEIR PRODUCTION LINES, BUT WHILE THEY WERE YET TO GET THE APPROVAL, THEY HAD BEEN MAKING PROVISIONS FOR THE TAX OBLIGATIONS FROM PREVIOUS YEARS' EARNINGS so late last year, they got the approval and decided to write back those provisions, so in effect part of the earnings declared in FY 2018 were made in 2017, 2016 and I guess 2015."

HardMirror:
na so is it your hell?

It won't be long.

Martinez39:
The narcissist has been so obsessed with you. He sees you as a top atheist. Converting such atheist is something these christards will brag about and masturbate to. It gives them the sense of their religion's superiority to atheism (which they perceive as their greatest opposition because it uses logic).

Should they convert an atheist or floor an atheist in a debate, it becomes the reassurance that christianity is logical superior, true and no match for atheism . A bragging and masturbation avenue for these christards.

Contrary to your thinking, logic is foreign to most atheists I've seen on this forum.

spongeisback:
Jesusjnr you’re an idiot of immense proportions. You’re sick and you don’t know it yet, you’re trying to convert an African to a religion that was brought to our father with guns and government. You think answering Jesus a Spanish name makes you cool. Stop harrasing people! If you want to demonstrate the power of that Israeli god with a Spanish name go to hospitals.

Seems like you're the one who needs urgent mental check.

spongeisback:
Stop littering nairaland with senseless topics.

He didn't invite you. You could have just moved past the topic.

HardMirror:
as i said he does not know me. If he knew me he would choose the devil before me. Na me he wan dey famz. Fvck him. I dont give a shiit about any dolt here

Just the first one week in hell will relax this your silly ego.

As if anyone cares. Have a smooth ride. Only thing is, you'd want an opportunity to repent more than anything else, but it'd be too late.

HardMirror:
can. You stop mentioning me? I dont care who you are and i dont want to care. Alright?

He is only saying the truth. If you're already fully packaged for hell, don't you think it's terrible for you to try drag innocent folks alongside?

And just in case you're counting on a reward in hell, you're believing in white elephants, cos the heat that awaits you is so intense that no human can survive staying within a thousand km of it's radiation. So except you can do popcorn and movies in a glowing blast furnace, you had better cut loose such hopes.

Brown47:
Here is my conclusion. If every assembled thing need an assembler, then who assembled the assembler?

You're asking a question that doesn't follow. "Every assembled thing needs an assmbler."

That doesn't mean the assembler is an assembled thing. So it'd be illogical for you to ask "who assembled the assembler?"

HE WASN'T ASSEMBLED!!!

rebekah2011:
The coy is in the market for funds. Right issues at N4 per share.

Making the 4.95 so unattractive.

Krisuba:
Is fidson an illiquid stock!! I have place sell order twice for d little quantity I have with a broker and he was not able to sale!!

It traded less than 23,000 units in the whole of last week. And this week, it traded less than 43,000

So you may want to classify it as illiquid-at least for now.

One thing you may try-if you have access to online trading is put it up for sale as early as 9:30:01 am everyday and if by 2:20pm, it's not filled, remove the price limit(offer it at market price). Try this for a week and you should have exited more than half your holdings.

locodemy:
When you know when to buy/sell a volatile stock,you will smile but if you don't know,one won't smile.

My advice on Transcorp, set a Target buying/exiting prices and don't listen to anything once you reach your target.Dont say let's wait till tomorrow or next.30-40% is good for such stocks.

For,2019,I am keeping zenith and be adding Transcorp in tranches whether it goes up or down.The results are improving significantly.I wonder why they paid a smaller amt as dividend.

Now I understand there is a plan to acquire an asset and they have to make use of the available cash with them.The stock will witness patronage this year.If the 2019 Q1 result improve better than the 2018,the volatility of this stock will come to an end as people will be hustling to have/increase their stakes in the company.

Transcorp faces a brighter future now.Currentprice has already announced that Loco stock will surprise the market this year.

Bro,you traded Transcorp in the days when no one see it as a good stock.Haters of Transcorp have come to like it now.You can begin to buy it again in tranches anticipating a good result next month.After the result the price of the stock will soar and continue soaring until it becomes the stock of the year.

I didn't trade Transcorp o.

I was only referring to Swilo's strategy of flooding the market with a stock so you can buy it lower.

The post was not about Transcorp, it's about that buying strategy he mentioned.

swilo:
When it is time for the real transcorpians to buy, they simply overload the market with offers. Interestingly, one man can do this alone.

swilo:
Loco's stock will still reach sub #1.20. When it is time for the real transcorpians to buy, they simply overload the market with offers. Interestingly, one man can do this alone.

Although, I prefer your style of buying portions.

Except you're medium to long-term, it can be quite risky.


After offloading your 50m units at an average of 1.15, someone else out of fear joins you to take it further down to 1.12,
then you find that people become excessively fearful, and the highest bid for the next few weeks is 20,000 units at 1.04.

By the time you realize it, you're down 30%.
15million gone to NSE experiment. What's WORSE is you'd be beefing the market, and thus miss opportunities that it presents during those your trying times. The WORST is, by the time it eventually pays off, there may be others that'll be faster than you at selling, so you would have only worked for them to benefit.

By the time you eventually decide to cut your losses and sell on Monday, the company releases its results for the quarter on Friday, and earnings are down.

You enter market on Monday morning to see 200m units of offers at 0.92, your laptop is gone that day, so is any assistant who tries to greet you 'Good morning'. And any relative that calls that day from your village......
Even your kids may start wondering 'what's wrong with Daddy' when you start screaming excessively. Your son says "Dad your food is ready" and your very first response is a scream of "Didn't you hear I said I'm coming?"

Experiments like this are best performed by fund managers, cos first, they'd probably be using 100m out of their 100bn pension asset allocated to equities. Second, the losses don't get to them personally. Third, they can afford to be very patient.

I wonder how much you would have gained if things had panned out fine, so it'd be fine to make sure, the potential gains are really worth all the troubles.

DOLLARTEX:
nice one chief loco,this dangcem fall is not normal.

The tax credit is a one-off now. We have to discount that. And I think the large pay-out ratio is perhaps cos Alhaji needs some cash to fund projects.

People are aware these 100% PAT growth and over 80% dividend pay-out are not things sustainable.

Without the tax credit in FY 19, and with the pioneer status expiring on some of the Obajana Lines, 2019 PE is gonna drop by close to 40% from 2018.
Price hikes aren't likely because should there be any significant hikes, folks may again start smuggling in cement.

Volume growth across the group (I mean the pan African operations) may only contribute minimally to EPS growth.

So, in all some of us still think it's over priced.

ahiboilandgas:
Company A from country A come to Nigeria to set up a manufacturing company in agabara but require dollar to import raw materials and the cbn gives company A at 305 ....then company A parent company located in country A set up a money market investment firm AA the wired 10 million dollars to buy treasury bills at 14.5 then it converted at 355 at maturity AA has 4 bn naira in it NIgeria account ....the Company AA wires the nair a to company A it sister that manufacture in Nigeria the Company A write to cbn ot requires 4 bn at 305 to import machinery from country A cbn collect the naira 4 bn and give company A 13 million dollars wired to country AA parent company ....profit 3 million dollars in 1 year ......hmm cbn examiner.....dash him 100 k dollar he perfect the papers.....this what sunusi lamido was complaining about u can become a billionaire over night in Nigeria with just phone call...

Great insight, quite enlightening!

tritritri:
thanks ..i'll wait and when it break 30k ...will reduce my position..

It won't break 30k. The markdowns have also had their effect dragging the index. For instance markdowns on seplat and STANBIC alone today dragged the index by about 30 basis points.

GUARANTY will drag it by about 0.6% when It's marked in April. NESTLE will be about 0.24% in May.

I assure you that the 30k support will hold for the index.

We should be careful trading this market, but we should be more careful of letting too much fear get in our way.

Phyde:
Ok, thanks

It's no thanks. Next primary market auction holds 3rd April.

Bluecollarguy:
S(he) is wrong, don't be alarmed! Next primary market auction holds next Wednesday March 27.

So you know better than the CBN?

Don't always be in a hurry to discredit info you're not sure about.

jamih:
Thought last auction was 13,:so next should be 27

Phyde:
Not 2 weeks interval again? I have marked Mar 26 to submit my form. Why this sudden change of calendar?

We just started a new T-bills quarter Q3'19.

First two auctions every quarter are held on successive Wednesdays (one week interval).

Bluecollarguy:
I willingly traded in the last two auctions, but they were unsuccessful. As the next auction surfaces, it's hard for one to truly ascertain its outcome relative to the last two outcomes. I am willing to try again next week, but 3 failed Tbill transactions would be quite discouraging. Fingers crossed...

It appears you're expecting an auction for next week.

There's been an auction today 20th and the next one will hold on 3rd April.