₦airaland Forum

UyiIredia:
Seun has treated that matter severally. Just search his earlier posts or use the Search. He wrote about it in earlier posts years back

Just so we're clear bro, I'm not asking to know why he became an atheist.

The question is to know why-unlike before- he endeavors now to persuade folks to tow that path.

If you got the answer, I'd like for you to quote me with it, rather than for anything else.

Many thanks.

UyiIredia:
It is natural to want to spread a belief which atheists, no matter how they deny have. All atheists, bar none, are materialists who onpy accet Nature exist and reinterpret supernatural wonders as eternal natural things needing no creator.

Thanks for your response bro.

But I think we can't always draw general conclusions on matters.

For Oga Seun, there must have been something that prompted the pivot.

Kudos to the folks bashing AFRIPRUD. O.60 down, 0.59 to go. pleas keep up the good work.

sellydion:
Everyday !!!

No o, only Mondays through Friday.
Public Hols are also exempted.
Fair enough now?

Agbalowomeri:
1 unit of Daar

or even UNIC.
But since I know people like Agba only have NESTLE, SEPLAT and DANGCEM, their own will compensate for the likes of godlyguy's JAAAPAUL.

Seun:
No, I was an atheist, but I didn’t really care about persuading people.

Why the change now? That old you must have been more awesome. Really, why has it become so important to reach out to people regarding their belief in God?

sellydion:
Nah wha o, you self appointed,and determine the pay.
The original bell ringer ( CP ) no dey collect money. If some of you were God mehn
We will pay for the air we breath. You wicked small sha ......... oh clever just like tortoise.

1 unit out of billions is infinitesimal.

sellydion:
We need an Assistant Bell Ringer.

With CP's consent, I second your nomination for the post.

On second thoughts though, I'll fill the role, if Pa Emma would motion to his folks at CSCS to come up with the equivalent of the NIBSS' NIP- Instant equity transfer.


With such a platform in place, each NSEMPA member would be mandated to push me a unit of any stock in their portfolio at COB each day.

Then we'd have our own mods who would ban any member who fails to comply.

If the house agrees, I'm all in.

currentprice:
March will bring pig

when was the last time you were around to ring our closing bell?

RabbiDoracle:
Let me explain. If I bought at N2.5, and the price is N4.7 now, I will need to sell (if I'm a short termer). Reason is because I'm comparing a gain of N2.20 with 40kob. So I will have to sell.

You will need to stop selling until the price of the stock gets to N2.5 + 40 kobo= N2.90. Because if you sell, you will gain only 40kobo which is still the same as waiting for the 40kobo dividend.

My point is that people will keep selling until equilibrium is reached and at that point, they have seen that selling for just 40 kobo gain is the same as waiting for 40kobo dividend.

Given that its 52-week low is 2.20, and there's been a 57% growth in eps yoy, I think the stock can find a pretty strong support northwards of 3.00.
People would make reference to this strong support rather than just their entry price.

So it may not likely trade below 3.40 pre closure.

Mpeace:
If pple are dumping UCAP and Afriprud like this, what will happen when gtb releases its own with 2.9 kobo dividend.

You meant 290kobo right.
I think the major issue with those twin is investor's expectations. Should GUARANTY do a FY of 290kobo, would it be lower than what the market expects.

More so, there are stocks you buy for DY, GUARANTY usually doesn't make that list.

fxuser:
if avg price is great >n5
such an investor is not hving a good day at the moment

planning to get from here what the market's sapped through FIDELITY. DY @ 10% would still make me a huge difference recouping.

49k off AFRIPRUD already in one day, and it's on full offer. A trap at 4.00 may just catch me some units before mark down.

IchimokuPilot:
Cash and carry CG INDEX!
How did FBNH get in?

I used to think that it's things around capitalisation, and management decision that determines placement on that board.

Like NSE has requirements for coys to list on each of its various boards. And the management of such coys would be the one who's decide which to list on having met the requirements.

From NSE:

​​ ​​​Companies seeking admission to the NSE Premium Board are required to satisfy one set of Listing Standards (i.e. Standard A or B or C) for the NSE Main Board, as well as comply with the following:

The company must meet the minimum market capitalization requirement of NGN200 billion on the date The Exchange receives its application (or at the ti​me of listing – for new listings)The company must be evaluated under the NSE's Corporate Governance Rating System (CGRS) and achieve a minimum rating score of 70%The company must satisfy either:a minimum free float requirement of 20% of its issued share capital, ORthe value of its free float shares is equal to or above NGN40 billion on the date the Exchange receives its application to list.

wanaj0:
I seriously doubt Naija will sell crude to anyone in Naira. Even NNPC does not get crude in Naira.

Dollar at N280 The state will not be able to pay salaries! Reduced Naira to meet Naira obligations.

Even IF he gets paid in Naira, CBN will convert straight to dollars. Same with the oil companies. When NNPC give them Naira, CBN convert it to dollars for them.

Thanks for the enlightenment.
How low do you think APR can get before markdown? is 4.70 realistic? I'm thinking of swapping some FIDELITY for it. Entered late, and the wait on that bank is becoming too long.

Just your opinion. I'm not asking for a accurate prediction of price movement.

mendes911:
Where's courtville running to?

When it reaches 10kobo, you'd be able to fetch yourself a seat on the board with about 36m, that'll buy a 10% stake.

wanaj0:
Dangote will just turn his refinery to an export refinery He is not doing charity.

Even if he has no concerns for the nation's economic health, he will at least have to model his operations in such a way that we have an incentive getting our refined products from him.

One core fact is that his primary target market is Nigeria.

But from what I know about him, crude will be sourced competitively from the international market. The portion that comes from Nigeria will be purchased in Naira, others will be billed in USD.

Same goes for sales. Sales to the local market will be in the local currency. exports proceeds will be greenbacks.

Imagine dollar at 280 vs 360, his group revenues would have been about $5.4bn vs 4.2, and Forbes would have added close to $4bn to his networth.

currentprice:
if you had extrapolate Q3 earnings,, you should know where my oga is coming from

Q3 was 65k

65k/3 then x 4 = 86k

Oh,
But the fact that he spoke first on the results is what's making us think there could have been more to his projection than extrapolations.

Agbalowomeri:
Afriprud PAT for my dream; 1,780,000,000
Let's see how good my dreams are

That's like what? 99% correlation?
Please share more of such dreams.

How was your night sir. Were Fidelity's papers presented? How about FBNH?

wanaj0:
Government earn in dollars and spend in Naira. So a weak naira is to their advantage. Strengthening of the Naira will mean that they are not able to meet their local obligations (Salary).

D

Sure.

But I guess they'll have to consider the overall health of the economy.
A good percentage of the goods consumed are imported, Even some of those manufactured locally have some imported inputs of raw materials and expatriate service.

Plus, CIT, PIT, WHT, VAT, stamp duties, all combined form a significant chunk of revenues.
So i think it will have to be a trade off, but overall, i think based on the current nature of our economy, a stronger naira would be healthier.

NO BE ARGUMENT O. WHO AM I TO DARE ARGUE WITH THE BOSS?

rationalmind:
Ive always assumed the interest is compounded by default. Isn't that the case?

Yes, so it is with Stanbic MMF.
But I was talking about all the investments he may plan having in the money market- T-bills and commercial papers inclusive.

cybertek:
I started stanbic ibtc bank MMF, want to know if i wont lose capital at anytime.. i want to be adding to d money online small, small and don't want to lose all my savings to that.

It's almost impossible to lose money when you invest in the money market. Returns are moderate, but your principal is always guaranteed.

You should also employ compound interest to accelerate your movement. Great decision you're taking sir.

RabbiDoracle:
(To the part in bold)

The oga is trapped. I think he bought in 2006- 2008 when the stocks was booming.

I see.

emmanuelewumi:
Your portfolio dey one kain, the only stock I can touch in that basket is Fidelity.

The greater the risk, the greater the reward. The greater the calculations put into the risk, the lesser its magnitude.

There are baskets of bluechips that have barely returned 15% YTD, whereas some penny-stock baskets have done c.100%

I think the difference between you guys is that unlike you sir, that Oga is merely trading those counters.

TONY56:
I hope you are having a beautiful Sunday

Sure I am sir.
We await NTB Q2'18 calendar.
Volume may reduce by up to 200 bn compared to Q2'17.

Seun:
"Neighbour" in the old testament usually means a fellow Jew who worships the same God. That's why the same God that said "love your neighbour as yourself" also asked Joshua to kill all the babies in Jericho, a city that never attacked the Israelites. An unprovoked genocide.

Well, if you take such a perspective of the scenario, it'd seem that YAHWEH was being wicked, and you would have done better if things were up to you.

But the fact is, that's an utterly wrong perspective you're having of Him. If He were as wicked as you're trying to portray Him to be? Why would our acts as Christians be anything short of wickedness? as that would be the only way we'd be able to serve a please a supposedly wicked god right?

The killings at Jericho was a punishment for the sins the people in it had committed at the time. So it was with the Sodomites, Amalekites, the entire world during the days of Noah, and so it will be with the entire world at the return of Christ.

RabbiDoracle:
2016 windfall for banks was FX gains. (Why: because there was an increase from was it N280 to N306 per USD)

2017 was T-bills. (Why: because there was higher rates for TBills. However exchange rate also increased from N306 to N360 per USD).

2018? perhaps write backs on earlier NPL provisions.

l
Definitely Rabbi, but I think for 2016, The surge was from 199 to 306, which is why I think it was more pronounced then.
Based on what my mind recalls, The MPC at the May'16 meeting decided to adopt a flexible exchange rate regime. That was the first lift of the peg that moved the naira to 280 ,till around Q4'16 when market forces pushed it to c.305.

Do banks currently value their FX assets using the NAFEX rate as against the official?

Seun:
How did the spies do their jobs without lying? Surely if someone asked them, “who are you?” they would not have replied, “we are spies; LOL!”

I never said the spies were saints. They most likely told lies at several instances, just as they likely indulged in other sins. Have you ever read the part where Apostle Paul mentioned that not even one man could fulfil the requirements of the law thereby attaining righteousness?

The point I tried making is that as much as the Bible spelt out errors on people's parts, it never approved such errors or commended people for them.

Bianco1:
https://trwstockbrokers./2018/02/25/these-are-they-guys-who-scooped-up-nigerias-2-5-billion-eurobonds/

Confidence in Naija economy growing or just portfolio investors? If yawa gas they pick up their portfolio and jaaaaaaaaaa! Hope the government use these funds well to avoid another type of Paris club exit in the future.

Well, I think regarding currency crisis, the worst is behind us.
I forecast a sub 300 dollar rate before the end of the coming year 2019 (Nafex/Parallel market), especially if the government of that time will also have a keen interest at strengthening the local currency. With a favourable price and output levels for oil, and all the prospective inflows from eurobonds, God will give us a 50-60bn reserves level before we end Q4'18.
When that happens, the CBN will be more comfortable with welcoming any such suggestion from the presidency as regards naira strengthening.

Alikote also mentioned that AD wants it at c.280 soon as his refinery commences operations next year, because he earns his bulk in naira and has huge dollar obligations. So his smart-thinking brain figures "the cheaper the dollar, the better"

We're hoping that before the end of next year, our petrol import bills will be replaced with petrol export receipt courtesy of Alhaji, God willing.

RabbiDoracle:
Let's have some thing to think about as we enter into results week.

Between July 2017 and August 2017, NAFEX rate for foreign investors increased from N306 to N360 per $1. CBN Official rate is still N305 to N306. I think interbank rates have also gone up.

Banks that have FX loans and assets recognised gains on FX assets and loss on FX liabilities as at 2016 Year end. With the black market rates converging with the NAFEX rates and this NAFEX rates seems to be a benchmark for FX conversion now, what is the outlook for the performance of banks in 2017 Year end? We know those banks that recognised FX gains in the assets they had. What will be their fate now that they have put the FX assets to use at maybe 305 or 306? With the trending rates now, will they increase their exchange rate from 306 to 359/360(NAFEX rate)?

If they do, this should have big negative impact on their profitability.

The way I see it.
2016 windfall for banks was FX gains.
2017 was T-bills.
2018? perhaps write backs on earlier NPL provisions.

freeman67:
StanbicIBTC Nigeria Equity Fund is about the most volatile Fund in StanbicIBTC Mutual Funds due to the volatile nature of NSE. At the beginning of the year, NSE was bullish that's why you saw that high gains but now it seem mix of both . I am not sure there is guaranteed on your capital with this fund; meaning if the if the equity market goes down more it may not only erode your gains but may also eat into your capital. The minimum holding period without penalty is 90days. Try and mail them directly or visit them if you have the for a concrete explanation.

There is no guarantee on the capital.
If he has held for up to 90 days, he'd be able to redeem without penalty. Otherwise, there'd be a 2% penal charge for early withdrawal. It may still be a great deal though, considering that you've already made about 10% in just a few days, so the 2% may be okay to pay. plus it's 2% of the amount to be redeemed. So if you're redeeming just a quarter of your holdings, the charge reduces to just 0.5% of your portfolio versus the 10% you have made.

People should know that even if the NSE closes with no loss/gain in its index, the very day you buy an equity fund, there'll already be a reduction in your capital, because there's a spread between the bid and offer prices that the fund quotes.

However, Just like it is, with every equity-based investment, if your timing is right, you could make a fortune in a really short while.

Regarding the topic.
The scriptures did not say that rahab was justified for her lies, it was for her efforts at saving the spies that she was justified. The means she used was not praised, but the act of saving those folks was what was praised.
If Rahab was to be a modern day Christian, she would have been rebuked for telling a lie, however she would have been commended for taking a bold step at saving the lives of the spies, and encouraged to seek ways that do not violate God's standards, should she have to handle similar situations in the future.

For a better perspective,
Let's say your only child is in a state of emergency, and needs an urgent surgery that'll cost 25m, which you do not have. Now, you meet a senator who offers to pay the 25m with funds that may have been looted.

Some one may thereafter commend the senator, but it wouldn't be his looting, they'd be commending, it would be his effort at saving your only child.