₦airaland Forum

It must be them. They always want to gag the public.

KarlTom:
There's no rule tying them.
Companies can pick any par value not less than 50k.

The existing rule (about par value) says that if the par value is 50k, the SP can fall [and trade] below 50k.
However, If the par value is above 50k, the SP cannot be traded below the par value.
e.g. Mansard and NEM are currently ₦2 and ₦1 resp. ARADEL was ₦10 before they listed on the NGX...

Thank you for the clarification.

chimex38:
Also, companies comes to the market to seek capital, through IPO or Right issue. internally, what happens is they convert some of their assets(previously unconverted) to shares. This passes through regulations and SEC before approval to avoid issuing more than what you have or ambiguous/undefined/leased assets, etc

For example,lets say company A bought a new asset at ₦70,000 current valuation and wants to issue it at shares to the public(PO) at ₦30 per share, it will be converted at its nominal value. That is:
₦70,000/₦0.50k= 140000 so 140,000 shares will be issued.

That is also why the ₦0.50k is always stated to show at what price it's assets were converted to shares..


But nevertheless such shares will be purchase at its Real Value;(
selling price at the NGX or listed price if its public Offer(PO) or Right offer price(RO)).
In this example case, OS purchased @ ₦30(Real Value)

Also, if you go to the equity section of any financial statement,
Share capital is made up of OS X nominal Value
(OS X ₦0.50k).
It makes sense because this is the actual amount the assets were divided to issue the shares in the first place
(as shown above).

Share Premium
on the other hand is now
(Real price -Nominal price) X OS
For the given example above, share premium= (₦30-₦0.50) X 140,000= ₦29.5 X 140,000 OS =₦4,130000

Both addition of share Premium and share capital make up the equity Capital of a company.

Most people will tell you forget that nominal price(₦0.50k) as a common shareholder or investor but focus on the real price("₦30" ) as the case may be which is understandable as you may not need it in your money making venture. Usually rests with the company management and their accountants.
But you seem curious.
few others might benefit.


https://en.m.wikipedia.org/wiki/Real_and_nominal_value

Is there any rule tying publicly listed companies to the 50 kobo nominal value? When will the NGX moved to ₦1 or so considering the economy?

helinues:
The states with the largest share, can they show us what they have tangibly done with the funds?

Nigerians mostly channel their energies on the presidency while over looking the state governors who have been behaving anyhow

Unfortunately, its another chop money with a fancy name akin to security vote.

kolente:
For El-rufai to appear in a 45 minutes show on Live TV and all his comments are literally being dissected bit by bit whilst being on the front page of every SM platform say a lot about his influence and reach.

Nasir-El Rufai is a big fish in Northern Nigeria take it or leave it.

I doubt if there is anyone in the entire North with three seperate academic qualifications spanning Quantity Survey, Business Management & Law with Fourty (40) certifications from Harvard alone.

The dude knows exactly what he wants and even the Vice President Kashim Shettima "warned" that he cannot be underrated.

El-Rufai giving them wotowoto.

Harvard na cash and carry o. If you have the money , Havard will organise course for you and you'd get certificate.

Macgyver1:
Good evening everyone, please which app is best to buy shares in, for a beginner?

Please register directly with stockbrokers. Apps charge too high for the quality of service they provide.

EDUECO:
If you buy BTC and there is no increase in price.

How are you going to make money when there is no increase in price?

This is not peculiar to XBT or it's class. Many asset go through flat periods.

Demolaeby:
A stockbroker is charging me an annual fee of 500k as his professional fees and brokerage fees. Is it the proper way to engage a stockbroker for his professional advice. Do they charge so high like this. He told me the fee is subject to review at the end of every year

Interesting.
What professional.servuces are they offering you? Or you belong to those stock-pick WhatsApp groups?

Mpeace:
I heard the insurance companies that have met or can easily meet the new recapitalisation requirement are
Aiico, Mansard and Leadway for the composite Insurance . Then NEM, Cornerstone, Coronation(wapic) Custodian and Universal Insurance for the General insurance requirement.
But lead way is not listed on the exchange.

Pls DYOR.

All of them should come close to the pre-rally price. Their sector is not that reliable.

megawealth01:
I wrote them and they replied me that I qualified

Who am I to argue?

They trust their system.

Na so I take qualify for CHAMS RI.

ambale:
Are you staying in Abuja currently??

Abeg make we no dey pamper our leaders

Imagine a state capital without a good transport network

They are all failures, no matter how you try to coin it

Moreso, the president took out subsidy, floated the naira, which naturally according to himself gave him more funds to spend, if this is the result in the medium term is still very poor

Nigeria as a whole is going through the worst living crisis in her history

Even the minimum wage can't get you shelter in most cities in this same Abuja

Make we just leave sentiment and talk to our leaders, they are not trying enough plain

It's so pathetic that Abuja has no public transport system. You can count the number of covered bus stops. Most passengers wait under bridges or trees. It's terrible for a city built from scratch and purportedly planned.

We'd soon find out that half of it is between the the politicians, their kids and phantom companies.

ogoo4real:
September is fast approaching. You are right my brother.

Not sure if you both are saying the same thing.

ogoo4real:
Does anyone have an idea why banking stocks are falling drastically

Market cycle

SonofElElyonRet:
@Care4

Ok.

I've taken my capital out and some profit. Let's ride it to the next level.

BabsO2:
Ellah will join steady dividends paying stock like PRESCO & Okomu in a year or two.

Not so soon. Maybe 5 years time. They have done debt to settle.

chimex38:
Again I have been thinking:
If residential houses(owned and lived in by the owner/relations) and are not included as public buildings going by this definition of what constitute a public building.

If a landlord is to insure his building, just to bypass this compulsory insurance, the landlord could collude with his/her tenants to claim they are living there for free.(no payment or transaction).
More like a relative or Charity residence/philanthropy.

If my house is insured because I'm letting it out; no gainsaying, they'd feel it in their rent.

chigozie69:
Good morning house, pls is this the app of Morgan capital on playstore

MCSE doesn't have a mobile app.

isholapeter9:
Please guys I need a good investment plan with a good ROI over a year or more......

What is a good investment to you?
What is a good ROI to you?


This differs from people to people.

Gotocourt:
Can I upload drivers license instead of utility bill because of address?

They are not the same. Utility confirms where you live.
Drivers license, NIN or other forms of ID is to confirm your names and DOB.

Gotocourt:
My NIN address is a different state, abi lemme just upload 🤔. My driver's license carries my present address

It doesn't matter.
What they need is you DOB and name in the correct sequence.

EDUECO:
Since you are not interested in interest based companies,so UCAP and Nigerian banks are out of the options available to you.

If I were you I will sell every stocks in this your portfolio and invest the proceed in Dangote Cement.

You can never go wrong with Dangote Cement. Dangote Cement has a better earning than BUA cement. Its dividend yield is also better than that of BUA Cement.

Looks like he bought a lot at the top.

emmanuelewumi:
Government should not be running a business, they should create enabling environment that will make businesses to thrive

Government will make money from taxes, levies, dues and duties

Well said sir. Government is for policy and regulations.

AqualinaXYZ:
This 13% thing dey pain me die



Rivers state alone is supposed to be getting 15%
Other south south states 30%
South east 25%
Then the remaining will be thrown to the barren. Regions that doesn’t contribute anything meaningful other than skull

Have you asked them what the have achieved with the 13% derivation? Even NDDC funds - the solar street light agency?

Yem0350:
Which stock broking firm offers real time trading on NSE like Morgan?

ATLASS uses the same source as MCSE. Even the landing page are the same just their logos.

This girls are trafficked because his is an 18-21 already in another country trading their body?

faoogoke:
Hopefully suspension on the trading of ASO Savings and Loans will be lifted very soon/

At least, holders can pass the bag.

Hamachi:
Great investors,
I need your candid opinion on this issue.
Presently my net portfolio in stock is #20m from initial investment of #2.8m.
I sold my charisma car on Nov '24.presently l footwagen around.l intended to sell part of my holding in stock to buy Toyota matrix worth of #5m. The issue now is should I hold on till Sept,25 because of the bull season or l should go ahead to buy the car.

Buy the car now!
You're not in charge of the stock market or the auto market.

Mpeace:
Eps from N11 to N1.
Downstream oil sector dey suffer.

Someone told me the dangote revolution will also affect those with tankers and tank farms.

Of course. They are the ones who receive refined products before road tankers come to take it for distribution.

EDUECO:
I already know that FirstHoldCo will pay like 75 to 85 Kobo for 2025 full financial year

Na to find good exit after that kobo kobo payment

toyeoye:
@essentialone1 Thanks for pointing this out. The market cap column currently only updates after trading hours that’s how NGX designed it for now...
I’ve raised the issue with their team, and they’re in talks with their devs to see if real-time updates can be enabled during trading. Fingers crossed they sort it soon… NGX dey fall my hand sometimes.
Appreciate your usual feedback as always, thank you!

Kudos. You're not only providing up-to-date data, you're also helping NGX to improve their output.

eazyway212:
I just had my own experience yesterday. Almost 3million naira is hanging from unexecuted orders. Please did your own money later reflect? Was it finally resolved and how did you about it? I have sent messages to support but no reply.

My advise to anyone here is this: don't use any of this NYSE/USD focused apps for NGX.
For seamless NGX experience, we have enough brokers. Open an account with them you'd be better off.