₦airaland Forum

locodemy:
150m will be better bro.

You're scaring the seller more. Better you tell him. Price will reverse, and he'll get to sell for 300m. That'll calm the market.

Agbalowomeri:
Bull or pool?

BULL. pool peeing Bull.

Investnow2017:
Why is it that whenever I sell off my holdings that is when the price starts rising

Perhaps your portfolio like to be like Pa Emma's- Long term

PharmAlfred:
It looks like the Dangote's are going to deliver this year. Up next is DF and DS. Let's see how far we go with them.

Note the fact that the major growth has been from the offshore subsidiaries o. Much of which those brothers don't have. I'm not implying anything o. Just pointing out.

freeman67:
That's true... Only Tom Tom seem to be common these days yet it's not in every home. Their most recognised product(Bournvita) seem to be disappearing from homes with no enough improvement and advert to push it back.

Price is right. Promos are endless. I think the major issue with the product is the taste. Most people prefer Milo's. I once sent an email to Mondelez SA, making a suggestion in this regard. I got a reply saying formulation was a proprietary stuff, that's handled by their core R& D team. Imagine Nestle growing revenues from about 98bn in 2011, to about 200bn amidst tough economic environment. They are there with their ever flat 30bn claiming proprietary.

RabbiDoracle:
No one is yet to understand the cause of the sell pressure. Bad result, good result ooo, sell intensifies. Hence the anger.

I can understand.

Profit taking. You bought 100m units of FIDELITY for 86m. You didn't sell when you could have gotten 430m, not even when it would have been 300m, now that portion of your assets is only worth 230m, what pressure could be more?

Kashif:
What you quoted sir, is my freedom of speech.

I am not intolerant, but when most people are complaining of a particular thing, don't you think the 'offender(s)' should soft pedal?

Why keep taunting people who may have bought higher all in the name of freedom of speech? It has become obvious most peeps here are not enjoying those 'pessimistic' tones anymore, why indulge?

If you are driving caution into the minds of traders, enough has been said already!

#MyOpinion

Making money gladdens you so much as to want to talk about. So does seeing your money safe when those of others are kinda evaporating.

Jejebaba:
I remembered there was a gent/lady here who bought Japaul at its peak despite several warnings by the guru here that its fraud and has no fundamentals and the guy was justifying his purchase by, saying, such pull back is necessary after several days of bull runs. We all know that, the rest is history.

Maybe she bought with just 10% of her NSE portfolio, which is only 10% or her stocks portfolio, which is only 10% of her investment portfolio.
So, if Japaul is down 50%, her networth is only down 0.05%.

Manonamission:


Pessimism, Optimism and Realism. Isn't it better to just accept what the market throws up, whether bull or bear? Why chose Optimism or Pessimism over the other?

If the post is continuously 'encouraging' no one will get angry so why get angry if it goes the other way? Just try to follow the market and not pitch yourself against the market (eg being optimistic when the bears surface or pessimistic when the bulls rage)

True talk sir.
Only issue is seeing 12% YTD return in just 12 days of the year, there could have been some of us who figured 365% could happen by Dec 31. Or at all, at all 100%. Now, returns are shrinking and shrinking more. Nobody likes to lose money. If they'll blame the shirt they had on, why won't they blame anyone who talks about it.

There's still hope though. The cycle of yet another crazy bull MUST come. It's a core component of our financial system. Bulls are bound to come.

PharmAlfred:
MPC meeting has been fixed for 3rd of April. Let's what the next chapter will look like.

Inflation is still above MPR. I Expect them to maintain the status quo, with rate and ratios.

RabbiDoracle:
It will get cheaper.

@ 5 for 3 naira?
it won't be bank loan again o. someone will kidnap your pillow by then.

rationalmind:
Can the rates in tbills and mmf be responsible?

I mean, an investor may see it this way "Why will I buy a stock with DY of 9% and still risk capital depreciation when I can get 15% from mmf while my capital remains intact"

it's why they say bonds(fixed income) and stocks are inversely related.

freeman67:
It operates through three segments: Refreshment Beverages, Confectionery and Intermediate Cocoa Products. The Refreshment Beverages segment includes the manufacture and sale of Bournvita and Hot Chocolate. The Confectionery segment includes the manufacture and sale of Tom Tom and Buttermint. The Intermediate Cocoa Products segment includes the manufacture and sale of cocoa powder, cocoa butter, cocoa liquor and cocoa cake. The Refreshment Beverages' brands include CADBURY BOURNVITA and CADBURY 3-in-1 HOT CHOCOLATE. The Confectionery's brands include TOMTOM CLASSIC, TOMTOM STRAWBERRY and BUTTERMINT. The Intermediate Cocoa Products' brands include COCOA POWDER and COCOA BUTTER.

How about Eclairs?

Investnow2017:
@Oga Tony
@AwesomeJ

Please permit me to bother you a little. Can you help me clarify please, I am getting confused here.

I got 337days tenure treasury bills at 18% last year with N1,800,000. I got the interest upfront.

The transaction date was 12th July, 2017 and like I earlier said, it was a 337-day tenure and was terminated on the 19th of March, 2018.

I liquidated today and was paid N1,730,000.

How correct are they?

Dear Ma, the bills you bought were 364-day biils originally issued on 15th June, 2017, due for maturity on 14th June, 2018.
Having bought the remaining 337-day tenor on July 12, 2017, and terminated on March 19, 2018, It means you held the bills for just 250 days. And the new buyer will hold for the remaining 87 days.
At 18%, the value of the upfront interest that should go to him would have been about 77,439.
But since you said you got back 1,730,000, then it implies that he didn't get up to 77,000, but only got 70,000.
That to you is an additional profit of about 7,439.

Using r=(100I/PT),
The rediscount rate is r= (100*70000*364)/(1,800,000*87)
r=16.27%
i.e your bills were sold at a discount rate of 16.27%

If you factor in charges, the discount rate is likely to actually be 16%, and your real gains should be up to 10,000.
Obviously, the figures here are in line with the guesses I made earlier.

To put things in another perspective, since you only held the bills for 250 days, your total returns should have been (1800000*18*250)/(364*100) = 222,527

But now, your upfront was 299,967 and termination proceeds 1,730,000 totalling 2, 029,967. If you net off your 1.8m principal,
Your returns become 229,967.
Which is #7,440 more than you should have made.

For a shorter response, read my first quote of this question.
It seems accurate enough.

lancee:
Offered 12.3% for 360 days secondary market today

I go manage am for now

For large guys like yourself sir, that 1 to 1.2% difference becomes pronounced, so why not always shop for rates at FBN?

Investnow2017:
@Oga Tony
@AwesomeJ

Please permit me to bother you a little. Can you help me clarify please, I am getting confused here.

I got 337days tenure treasury bills at 18% last year with N1,800,000. I got the interest upfront.

I liquidated today and was paid N1,730,000.

How correct are they?

Sorry for the late response ma.
With the amount of info you've given on the transaction, if the bank is Stanbic, my guess is that you made the purchase in July 2017, and there's now about 3 months to maturity.

If that's true, then they rediscounted for you at about 15-16%, and that implies that you must have made an extra gain of about NGN 10,000 off the termination.

If my assumption as per the initiation date is wrong, then you may state the exact date so we can do exact calculations.
Hope your weekend was great.

GODAKPAN:
Can we have the calendar so we plan ahead as most of us are not always in town. Thanks a million times

here sir.

Seun:
Talking about God without specifying the God you’re talking about is not really meaningful.

“Let’s talk about the Country. Remember we are not talking about Nigeria, Israel or Saudi Arabia. Just the Country.”

Not really meaningful.

The word God is exclusive to the creator of all things. Anything else is regarded with the word god. shouldn't you know that already?

Seun:
Dude, you’ve disobeyed Jesus! “And when you pray, you must not be like the hypocrites. For they love to stand and pray in the synagogues and at the street corners, that they may be seen by others. Truly, I say to you, they have received their reward. But when you pray, go into your room and shut the door and pray to your Father who is in secret. And your Father who sees in secret will reward you.” Matt 6:5-6

That's not what the teaching sought to address. When you see people who pray for the major aim of wanting recognition from others as being spiritual. Those are the ones Jesus warned us against imitating. Such folks who would scream and cabash nonsense just so you see them as "holier than thou"

Jesus himself prayed in public in many instances, "Father, thank you for always hearing me...Lazarus, come out! " He said those in public. Great men of God today do too during conventions and meetings, so it couldn't have been public praying that He condemned. It rather was public praying for show off that was taught against.

Seun:
AwesomeJ, those songs aren’t even as good as the Don Moen, Ron Kenoly, Kirk Franklin songs of yore. Check out Chain Breaker.

This morning, I caught myself singing Arugbo Ojo, which one Professor Kehinde of OAU sang during a very old Living Spring concert

My bad.

I assumed you'd love a similar genre as myself.

Great you checked them out though.

Singing Arugbo Ojo shouldn't make you feel bad though. ( not saying it did) . Even if you don't believe in the "Arugbo Ojo", sing still if you enjoy it.

Chain Breaker, I'll revert.
Modified:
Just finished viewing. Same genre if you ask me.

check out " Shinning " by Phil Wickham, as well as " All I need is You" and "Oceans " both by Hillsong United.

You should at least enjoy one of those 3, if you really enjoyed that Zach Williams' song you mentioned.

Anyone interested in the primary market Auctions should note that there will be one on Wednesday. Bids should be submitted before COB today.

The auction is for about 54bn across all tenors, so oversubscriptions may not allow for much improvements from last week's rates.

Next auction after this week is 4th April.

Seun:
I enjoy Les Miserables, which is a Christian Musical. It’s a story about an ex-con, Jean Valjean, whose life was transformed after a priest inspired him to dedicate his life to serving God by helping people. His last words were, “forgive me all my trespasses and take me to your glory.” Many of the key songs make references to God but the fictional characters’ belief in a fictional diety doesn’t affect my enjoyment of the music at all.

However, I rarely sing gospel songs or worship songs. I like some gospel hymns but the lyrics make me cringe, so I rarely sing them. I catch myself humming church songs unconsciously once in a while though.

Hello Seun, hope your Sunday's been great.
Try viewing this in a 360p+ quality: "Forever" by Kari Jobe.


https://www.youtube.com/watch?v=huFra1mnIVE

teee2:
Most of ur posts are directed towards pastor Adeboye.. Looking through ur posts, I could sense pure hate. Why this hate for a fellow human?

U know people don't give a fvck about ur videos. So I'll advice u to stop spamming all threads that have to with him with ur demeaning videos.

If u have a problem with tithe collection, simply go to a church that wouldn't demand tithe from u.. And stop trying to shove ur opinion down our throat..

Please ask him "is it his money?"

My church has 20 or more units of those massive ACs (12hp or so each), now guess how large the gen would be that powers them. Then try estimating the cost of running such a gen for even 1 minute, yet it's run for hours non stop.

Even if you were not told, if you're not an insensitive stingy ....,
Would you not know that there are bills to be paid?


If any government in Nigeria could utilize the revenues they get on the same scale as RCCG does, 80% of the nation's problems would cease to exist.

The blessings I receive from tithing create in me a burning desire to continue, and when I see the kind of huge things the resources get applied to, much more fuel is added.

Owamudia:
Omo Elder Osewa. Bawo?

Awon Daddy nko?

Otojometa

Seun, is Dad really a church Elder?

I think you'd need to spend some quality time with him, learning what motivates his Christian faith.

Given that he is elderly, and has more life experience than you do, you should at least be "meek" enough to learn of his reasons.

Trust me, you'll gain wisdom from him.

Meanwhile, did you check out that Elevation Worship song.

Here's another from another awesome band: "Tears of the saints" by Leeland.
Try to watch in a 360p+ quality.


https://www.youtube.com/watch?v=qJjg1Joag_0

Seun:
I enjoy Les Miserables, which is a Christian Musical. It’s a story about an ex-con, Jean Valjean, whose life was transformed after a priest inspired him to dedicate his life to serving God by helping people. His last words were, “forgive me all my trespasses and take me to your glory.” Many of the key songs make references to God but the fictional characters’ belief in a fictional diety doesn’t affect my enjoyment of the music at all.

However, I rarely sing gospel songs or worship songs. I like some gospel hymns but the lyrics make me cringe, so I rarely sing them. I catch myself humming church songs unconsciously once in a while though.

Hello sir, how have you been.
You must be having a busy schedule lately.

Perhaps you could find some 8minutes to relax with this:

Yours(Glory and Praise)-Live by Elevation worship.


https://www.youtube.com/watch?v=5aF7nc3-I-U

Love you. God does much more.

.

yinka2011:
Here is the result from today's Nigerian Treasury Bills Primary Market Auction direct from easykobo


link is here https://www.easykobo.com/News.aspx?id=19944

182 days:
47bn offer, 12 bn subscriptions, 4 bn allotment.

91 days: maximum bid rate 11.75%, stop rate 11.75%

What an auction.

I hope for slight improvements next week.

anori:
One thing is these other instruments are long term investments. Looking at month till date returns will not help the projections. Ideally investments should be kept there for 5 years upwards.

Oh, I see.
I still need some time before I can really start going long term. it was for impatience that I exited the equity fund in January.

Thanks for the response.

As a long termer, You should have huge stock holdings right?

Partnerbiz:
Could you please reconcile both emboldened parts above @ tony56?




In other words, If I buy TB at 18% and terminate when rates are 10%

Am I selling at a loss or profit?


What necessitated this is Alakwa's issue.
I am really interested in knowing how he invested 13.7 m when rates are probably at 17% and now terminated when rates have fallen and he still lost his CAPITAL not just a fraction of his interest.


Is there really any permutation that can make that possible?


cc

Awesomej
investnow2017
feelamong


Note that I am not arguing. I am just curious please.
Thanks.

With the amount of info we have on the Alakwa transaction, it appears GTB attempted to rediscount his papers at about 30%, which is why there's being a loss.

ONE THING I CAN CONFIRM TO THE HOUSE FROM OBSERVATIONS NOW IS THAT, STANBIC IS NOT ONLY BAE WITH RATES, THEY ARE ALSO SUPER GREAT WITH PREMATURE LIQUIDATION, AS THEY WILL MOST TIMES REDISCOUNT YOUR BILLS AT CLOSE TO THE PREVAILING RATES.

If you bought through Stanbic at 18% and you want to short sell now, you could make as much as an extra 4% profit off the transaction.

If you give the details of the original transaction, we here can give you a close guess of what the termination proceeds would be.

Early termination shouldn't always be regretted, it's part of the money making gimmicks of this trade.

Partnerbiz:
The truth is that the guy is mistaken.

He said he invested 13.7m
Got credited now with 13.58 million.
He now subtracted it and said he is losing...
Imagine that..?

He forgot that the face value was in the regions of 16 million assuming it was at 18% (prevailing rate then)

and that he had been paid upfront. So whatever is being deducted now is from his interest.

But he made it look as if he lost his CAPITAL..


The guy lost nothing...

cc

awesomej

Guy isn't mistaken.
He got 13.058m from a 13.7m investment, hence his concern.
13.058 not 13.58

Like Tony56 said, his delight is to ensure that whoever comes here picks the most accurate information.
That is what I have as intention too. It's not about me being right and someone else being wrong.

Tony56 listed about 4 charges which tends to make premature termination scary.

But the fact remains that only two of those charges are relevant.

And the most important factor that determines whether or not you lose money is the rediscount rate. Higher, you lose, lower, you gain.

In the case of Alakwa, his rediscount rate must have been at about 30%, hence the ridiculous debit.

Arguments are sometimes healthy, provided no one claims to always be right.

Uncle Tony, look at this simple scenario.
Let's say you get hired to do a job for 360 days. You got payment of 180k upfront.
If you decide to give out the job to another after just 30 days.
There'll then be 165k that you haven't earned, and that's the same 165k that's due to the new worker.

You won't remove the 165k twice would you?

Or you could calculate the charges 1 and 2, you listed above using the same rate, see if there's any difference.