₦airaland Forum

emmanuelewumi:
Investing and equipping your business and yourself in order to harness emerging opportunities that requires a high entry barriers is a strategy.



Spending all your income or business profits, thinking or assuming the good times will never end is also a strategy.


Read " Making and makers of Nigerian private enterprise." by Tom Forrest

Such entrepreneurs in the second group abound in the book.

Well said sir.

No smart thinking investor should try being a jack of all markets. If you make an attempt at a market and things turn out different from your projections, smartness implies that you exit, and plough your resources to other areas of strength.

But I think the market is largely responsible for why the success of the cement business is more pronounced.

We assign a 23x P.E to it, while the Sugar does just 6.6x
If the cement were to do just 6.6x also, DANGCEM would only be about 7% of the index, and Alhaji's networth would be lower by more than $7bn, as a matter of fact he would lose his spot as Africa's richest.

So one factor which may have even been more pronounced than government coverage is investor's sentiments

Even in the debt market, he enjoys such likeness from lenders and investors that his finance cost are at c.MPR.

CCNN trades at 7.3PE and they likely don't get as much cheap credits too.

So there's a favourable bias from investors too.

Again,

Cost of sales are basically manpower costs and fuel costs for DANGCEM (limestone cost is just a small royalty), while for sugar the cost of imported raw sugar tightens the margin.

wanaj0:
I don't work for Elder Dempster so cannot comment on their strategy.

I am only saying that Dangote plays successfully in sectors where we have HIGH barrier of entry or there is a monopoly. Feel free to disagree with that.

Dansa Beverages another example.

wanaj0:
Some of the shareholders may not even know that they own the stock. These are 'old' companies with 'old' shareholders. The company use to be called Longman. The only major book publishing company outside of Ibadan.

Great thoughts.
Many thanks sir.

wanaj0:
This was evident since! Far better than UPL in my opinion. But not a liquid stock. To get one million units will take you till eternity. Worse if you want to sell. Good for dividend yield though..

Funny for a stock with almost 800m OS.

kolaish:
Learn Africa proposed 14k dividend. I will see if I can get some units on Tuesday.

Everything looks good with this one though.

DY at 14.43%,

EPS at 34.5k implying a 2.8x PE,

120% growth in PBT YoY.

CP, please what do you have for fair price?

House, anyone with any concern on the stock?

Kolaish, many thanks for the hint.

C505:
Who's well knowledged about equity income fund here?

I was introduced to it but not fully convinced hence, I stalled.

Kindly share what you know please

Thanks

There's equity mutual fund, and there's fixed income fund. I really don't think the term "equity income fund" has much usage in our markets.

To avoid derailing the thread,
Kindly ask here:

https://www.nairaland.com/1912965/mutual-funds/73

eezeribe:
OK thanks very much...

I think the account details are:

No:9202476223
Name: FIRST TRUSTEES/SIBTC MONE MKT
Bank: STANBIC IBTC.

I haven't used that channel since Feb 2017 though.

I use the app for my top up. That requires no account details.

eezeribe:
Please Bro,does SIBTC still issue certificate when you invest in their MMF?

Yes sir.

But it's an e-certificate in PDF.

You may however print it to obtain a hard copy.

Seun:
One religion kidnapped her, another religion prevented her from being released, and now this promoter of religion is wasting everyone's time.

Wrong.
One religious sect abducted her, the same religious sect kept her from being released. That's the right view of it.

And how exactly is Daddy wasting your time, when he doesn't even have a clue whom you are?

If you know a better approach, do the prayers in anyway stop you from implementing it?

Alikote:
is should be 15 percent i plan retiring on 1 m monthly pension from tb and bond in next decade buhari don scatter it [color=#990000][/color]

At 13.5% discount, T-bills yields are still about 15.60% p.a

Even at 13% discount, yield is 14.94%

Meaning that with about 80m in your T-bills portfolio, you can retire sir.

But I think you should rather make it a hundred-round figure.

Quite great to read from you.

afope:
Hello
I just invested 500k in Stanbic MMF. I am looking at their online trading platform, is it any good? how does it compare to Morgan?

Theirs isn't a trading platform really.

Actually Stanbic's MMF and Morgan's iTRADE, are not comparable vehicles.

But, from my own experience, both platforms are great.

gagzee:
Hello,
please this mutual funds thing, is the interest daily or montly?
thanks.

The interest rate is per annum.
But the interest accrues daily.

For instance, if you put 1m,
At 14.4%, your interest for a year would be 144,000, ignoring the compounding effect.

On a daily basis, you'd earn about #400.00 as interest.

The US Fed's FOMC raised rates to the 1.50-1.75% band last Wednesday. There's yet hope for another increase before the year runs out.

How does this affect us?

Positively.

For one, the returns on fixed income assets there should rise further. Treasury bonds yields could stay above 4%, and bank CDs may start seeing close to 3% APR.

Then those who rushed our Eurobonds at 7%, may not fancy it as much anymore, forcing the government to raise coupons to perhaps 8/9%.

Then Domestic borrowings can at least be sustained at this current levels.

Only over optimism would make anyone expect a return to the 18% levels anytime soon.

Sustaining this current levels should be seen by us as good enough. Means a healthy debt portfolio, and a healthy financial market too.

katamo:
Can one terminate a portion of their TBill investment before maturity or does it have to be the whole thing?

Should be the whole.

But if the funds are substantial, say above 100m, your bankers may be able to work something out.

Still reach out to them for confirmation though.

Happy Sunday to everyone.

onegentleguy:
The mere fact that u are waiting for these prices at a time when the economic indices, underlying fundermentals and core determinants are all very healthy and pointing towards an improved market direction, shows u probably don't have a prepared mindset.
For even if u saw those prices tomorrow, I am sure u would assume an 'NSE Armageddon' and readjust ur target prices downwards.
...because then, FEAR would probably take over ur emotion, leave u with an indifferent mindset and blind u out on the real values behind any opportunity therein.
For it's only those that have always 'utilized their sixth sense' and whose mindset are clearly prepared that will be able to unlock such values when they show up.
...and that's because they are already equipped to see an opportunity in both the bear and the bull market.
The key lies in having a clear stretegy with the ability to compete and win more.

My sincere advise would be for u to stop waiting for those crash like prices. ...for they won't be coming anytime soon. ...at least not when 'every going on' seem to be doing good.
Stop waiting for good prices to find u. ...go find those good prices urself !!
For they are there even right now in the market.
Just look a bit deeper. ...and u would see that there are some opportunities waiting for u to spot them.
...and once u do, key in when there's a clear need to do so and u'll make some good returns.

Just a sincere advise my dear.

Regards.

Since all macro indicators will remain favourable for the economy, we may soon get to find that 20x is the new 5x for bargain P.E ratios.

Maybe then, Nestle will be alright at 80x P.E

Dominic Purcell "Assault on Wall Street"

Great watch if you can find the time.

Leaving your portfolio in the hands of another (professional nonetheless) can be terrible.

This will be another bullish week for all us in Jesus name.

Good news coming too regarding our baby girl. It'll end in smiles.

Seun:
If this loophole is acceptable to Jesus, why did Jesus say that "he who denies me before men, I will deny before my father in heaven?"

Leah Sharibu is a victim of religious indoctrination. If the bible was truly the word of God, her decision would've been the right one. But it isn't.

Don't be emphatic on what you don't know.
The Bibles is certainly God's WORD.
What's the proof of that?
The principles contained therein work when rightly applied.
Tithe blessings, healing by faith, etc are what I experience based on Biblical principles.

it almost seems like you have a 90% chance of misinterpreting scriptures.

If the person here says in a desperate situation that she isn't a Christian, as long as her motive was the dire need of a way out, her action is not a denial of Christ in the context that Jesus spoke about denial.

What she'd be guilty of is lying.

Remember Peter, his own "denial" was thrice, but He was not only accepted back, he became the solid rock of the Church's foundation.

If your interpretation were true, Peter couldn't have gotten his place back with Christ

Why not ask yourself, maybe the reason I don't see sense is Christianity isn't that it's false, but rather that I don't understand its details.

If you think there's anything that doesn't add up in the Bible, mention it, and I promise you a meaningful explanation, provided you'd do away with prejudice.

Now I think the major issues you guys have are with these statements from Lev 26:
1. You can pass your slaves down to your children and they can be yours forever.

2. Don't do the same to your fellow Israelites.

Now, what's wrong with the first statement is the statement itself. It's a misconception.
The bulk of that chapter 26 was basically regulating on how purchase contracts are to made, and how purchases can be redeemed.

The actual form of statement 1 is " You may buy non Hebrews as bondservants "

Then the corresponding statement 2 is " Don't buy your fellow Hebrews as bondservants "

The reason for that was not preferential treatment as you suppose, it was stated as being because the Hebrews were already God's own slaves.

And just in case you haven't seen it, it is written in that same Lev 26, that if the Israelites saw a stranger or foreigner, they should provide and cater for them, not to make slaves of them as you guys suppose.

Now there were two categories of slaves based on the type of contract they entered.

There were those eligible for redemption, based on the contract terms,

Then there were those who weren't, also based on the contract they consented to.

Those whose contract made inelligible for redemption were the ones known as bondservants.

So if there was any reason a slave couldn't be redeemed, it was cos of the contract type he chose.

First,

Your point on if a slave becomes prosperous as to be able to redeem himself contradicts your view of slaves being people who were under constant oppression as to never be able to own properties.

Secondly,
The bible actually mentions that slaves who prosper could redeem themselves. This confirms the point I have been enlightening you folks about that slaves were actually employees who could prosper and own properties.

Gggg102:
they should be praised for taking advantage of the slave's penury by putting them under an automatic life time service/ property bond?
by obtaining full control of the slave's freedom?

if some slave owners treated their slaves cordially, it doesn't change the fact that the laws allows for a person to be transferred as lifetime property against his will simply because they were unlucky. because they had no choice than to accept an automatic lifetime bondage clause.

if a slave comes out of poverty, and wants to regain his freedom but his master wills him to his child, the slave is forced to comply. the slave is forced to give up their freedom.

why would an automatic lifetime service clause be part of the slavery deal in the first place?

First, you should agree that if someone offers a destitute fellow a job, he's rather doing such a fellow a huge favour. That's at least the view of anyone who chooses to sell himself into a slave master's service.


All the instances that show the relationship between a slave and a master affirm such relationships as being cordial, why then would you wanna argue on what's not?


Your last two points are about why a slave couldn't be allowed to regain his freedom. I'll answer that in my next post

2zona:
Lols, boss, the only thing i know for now is that their FY 2017 report is not released yet and am skeptical they will escape the kind of beating zenith bank received even with their impressive result, except they are planning to give investors >10% DY.

just one trade 3.4m units at 2.61

Back view's clearer now.

darkchild64:
pls don't quote me I can not even argue with you,your comments are disgusting

suit yourself.
Was only trying to enlighten your dark mind.

By the way, who invited you here?

Didn't you read the topic?

2zona:
Yeah true, but beware and watch your back, someone may be planning to commence dumping and take it back to where its coming from.

Really doing that.

But what I'm seeing is 5% gain plus almost full bid on a Friday.

Everything seems green today though. Thank God it's a bull's Friday.

2.18 to 2.72
Great reversal for my Fidelity
reclaiming the 3.00 resistance.

fxuser:
as per price action , oil looking bullish !

Sure. It's our collective wish.

darkchild64:
I have taken my time to read the comments in this thread and if I didn't realize anything am sure I learnt one thing and that is that someone is able to type good English doesn't mean the person is reasoning like a human being.
With all due respect awesome j if me being a Christian would make my reasoning anything similar to yours please keep your Christianity I don't need it and don't ever preach to me to become a Christian all tell me about the bible
It is such a pity how religion makes people think,if a 21st century man is talking like this you wonder what he would have been had he been born 200 years ago

You wrongly think an employment scheme described in the Bible is an oppression scheme. I have taken time to show you that you're wrong in that thinking. But just cos you still want to maintain your prejudice, you're making it about me. No problem.

From Joseph, to Abraham's slave at Laban's house, to Abraham's slave that would have become his heir, to Abraham's slaves that were few in number but strong and motivated enough to conquer 5 kings. I have given you instances in the Bible that confirm that slaves weren't maltreated but rather treated with much regard as employees.

Why not try coming up with just one story in the Bible that supports your argument of them being maltreated.

If you can't, then know surely, that your opinion on Biblical slavery is utterly wrong, and you're only assuming it to be the same as the terrible one perhaps practiced by the Britons. That's a pretty WRONG assumption bro.

Gggg102:
why wouldn't you buy her?

and force the people to become their slaves to avoid death.


becoming a slaves means automatically signing the lifetime bond.

signing bonds of lifetime service is taking advantage of the slave. once a person becomes a slave, he loses all his liberty to his master.
under normal circumstances, nobody would want to become a slave. either they:

-were captured/war slaves or they gave up their freedom to avoid death. so the employee is forced.

or

-were suffering from poverty and had to sell themselves to slavery just to survive, in this case, the slave owner takes advantage of the state of the slave. he gives the slave a contract that includes signing a bond of life. because he knows that the slave would most likely sign it to avoid dying.
the slave has to accept the lifetime service bond and lose his liberty.

if the master is nice and chooses to disregard the bond, the slave is lucky.
if the master chooses to bring the bond into play, there is nothing the slave can do.

the only ways where this lifetime bonds are signed are through force in war time, and taking advantage of poor people because they don't have a choice if they want to survive.

In any case, the slavery deal helped the slaves survived.

The slaves masters couldn't be blamed for those people's penury, they actually should be praised for coming through to alleviate the situation. You would only think otherwise if you assume that those slave masters oppressed the slaves, but that'd be an assumption that you have no proof of.

I have mentioned that the kind of healthy nourishment, morale and motivation that 300 Abraham's slaves must have had to be able to go with their master to defeat 5 kings, is proof that their relationship was warm, and that the slaves were well treated.

Shale is one significant factor to be considered in projecting future oil prices o.

In 2016, after prices went below $30, rig counts were on a constant decrease, now we're eyeing the 70s, the rigs are coming back on, increasing supply.

Rates have now gone from 0%, 5 quarters ago, to 1.75% with hope that it may yet reach 2%.


The implication is that bond yields rise, and stock prices fall, although, the magnitude of this impact, we may not be able to tell.

30 year treasury bonds could start seeing yields in the 5% region versus the 3% typical a few quarters ago.

That would also mean that our nations eurobonds may start needing close to 10% coupons to get enough attractiveness.
Should eurobonds start needing 10% coupons, CBN may once again start getting comfortable with T-bills at 16% discounts, and those of us who came here to seek better returns would go back to our abode.

Dow must have reacted to the Fed's decision today.

Gggg102:
then the law came and slave owners became free to pass their slaves to their children as inheritance if they wanted to.

you wouldn't deal with me? even if I approached you to sell her to you?



or real peace could be a better option.

Sell your daughter to me? Why would you think I'd want that?

Real peace? there were instances where it was the choice, check out the entire reign of Solomon. Whereas there were other instances where they had to go to war.

Passing a slave down to your kids is like having a company, if you leave the company to your children, you'd be passing your employees on to them too. And if any employee signs a bond to work for your company for life, such an employee would automatically be passed to your child when you will him the company. Provided you didn't force the job on that employee, you're absolved from blames.

Gggg102:
1. even some African slaves where sold by family members.

Israelites tried to force others into slavery by offering them 'peace' -Deuteronomy 20:10-14.
it was become a slave or die.

but this relationship was legal.

Abraham wasn't acting based on the Law. Ishmael was his heir, so he was close to him. the law wasn't even in existence.

African slaves were sold by their relatives? Isn't that what I've said severally. The point there is that you should blame those relatives rather than the slave buyers.

If you were my friend, and you choose of all things, to sell your daughter into slavery, you think it's the buyer I'll blame? of course not, it's you that I will do everything possible to avoid dealing with, cos you're too me the cruelest.

The point isn't the basis on which Abraham acted. it was the fact that he had a slave, and his regard for his slave was so high that he would make the slave his heir.

About making slaves of enemies.
You should know that till date, nations would go to war against other nations if the circumstances warrant.
So if you're trying to condemn war, suit yourself.

If on the other hand, you're not condemning war, then don't you see that it's better to make slaves of a people than to kill them in war?

If you don't think so, you're on your own. The people involved clearly thought the slavery to be a much better option, hence their choice of it.

Gggg102:
this is just a strawman. no one said they had to be permanent slaves. the problem is that they COULD be permanent slaves. it was up to the master. no one can stop him from willing his slave to his son if he wanted to.

imagine you are a slave to a Jewish slave owner.

Issachar: I'm old now, I'm about to die, I need to will my properties to my son. Dan gets the house, the herd of sheep and half the cattle. Hur gets the fields the other half of the cattle and you awesomeJ.

awesomeJ: but master, I was hoping you would set me free. I've serve you long enough and I've never caused trouble. I need to explore the world.

Issachar: Lol. why would I set you free, I want you to serve my son like you served me.

awesomeJ: but master, your friend Nadab, he released his slave as part of his will. I was thinking you would do the same.

Issachar: that was Nadab, this is Issachar. why would the manner in which he treats his property affect how I treat mine.

awesomeJ: but master, this is the only favour I've asked of you, if you would please reconsi...

Issachar: RECONSIDER BACON SODA! I'VE MADE MY DECISION AND IT IS FINAL. I DON'T CARE IF EVERYONE ELSE FREED THEIR SLAVES. I'VE DECIDED TO PASS YOU ON TO MY SON AND YOU CAN DO NOTHING ABOUT IT. as it is, I am backed by the law of our land to pass you on to my son. what I'm doing is legal. so if you don't mind, you can leave my presence and start reflecting on how you would serve my son.

awesomeJ: yes master.

...

it doesn't matter that it isn't compulsory for the slaves to be passed like inheritance, what matters is that they have the legal backing to do so if they wished.

And the fact remains that those slaves weren't kidnapped. They or their own relatives decided to exchange their time for money.
They were aware of the terms beforehand.

Mind you, the illustration you gave could be totally far from what the actual relationship between a slave and a master was.

The instances recorded in the Bible confirm that the relationship was mostly warm, and the slaves were given pretty much regard, even more than today's employees.

Contrary to the analogy you gave, Abraham almost willed his entire wealth to his slave, despite the fact that he had Lot and other relatives.