₦airaland Forum

Chibuking81:
It will join soon. It's always good to share idea, I was about concluding to place mtn buy other tomorrow, but I will not, rather let observe market first. With mtn EPs and PE they suppose to be competing in price with Okomo oil of 8.91 eps, GTB of 6.54, Stanbic of 7.04, and Zenith of 6.15, not with Dancem that has 2018 FY EPS of 22.83 and pay #16 as dividend. Only Dancem dividend of #16 is times two of mtn 8 EPs.

And after their IPO more share will be added thereby neutralizing down the more their EPS, maybe then due to number of additional share through IPO, their EPS will come down to 4 or 5.

Mtn price might still get to #160 this week, but it's a bad decision to enter at this material point in time. Its overprice and overvalued from data available.

One buying mtn at tomorrow current price he or she is on his own.

Mpeace:
Region of what? Mtn is overpriced but not to that extent.

mendes911:
Once MTN join, the bear run will get stronger across all stocks.

GonFreecss1:
The beginning of all mother of all catalysts?

currentprice:
leave them o, investors will be shock by year end, rushing to buy mtn cos of the 80% dividend payment,, me think Mtn post listing will be different from that of pre listing. is it not from the same earnings interest on recent 200b loan will be pay?

Mtn was around N4000 fairprice pre listing. at currentprice it is overvalued

dont buy shock, buy tested and trusted stock for u to have rest of mind.

ukay2:
Please who is MTNN registrar?

ukay2:
Dumping will start very soon...next week

stcool:
The way you are talking it's like you don enter MTN today. Allow us, we go buy when we start seeing the offers growing. Then we go re-evaluate.

Yayira:
Those “many” will later regret..

BTW who see the film wey DC act ?

rebekah2011:
My Oga, your name dey show ooooo

DeRuggedProf:
Your portal is down?
Pls refresh it....
Over 25m bids still active and increasing.
Anytime, the mentioned stocks are sold, MTN bids rise...
Observe carefully.

pee30:
FAAC shares N616.198bn to federal, states, LGs
ON May 22, 2019 1:47 AM

The Federation Accounts Allocation Committee, FAAC, has shared a total of N616.198 billion to the three tiers of government from the federation revenue earned in April.
A communique issued by FAAC at the end of its meeting in Abuja, yesterday, indicated that the N616.198 billion comprised revenue from Value Added Tax, VAT; exchange gain and gross statutory revenue.
The gross statutory revenue for the month was N518.916 billion, which was higher than the N446.647 billion received in the previous month by N72.269 billion.
Revenue from VAT was N96.485 billion as against N92.181 billion distributed in the previous month, resulting in an increase of N4.304 billion. Exchange Gain yielded a total revenue of N0.797 billion.
The committee announced that as at May 20, 2019, the balance in the Excess Crude Account was $144 million.
Of the N616.198 billion shared, the Federal Government received N253.918 billion, the states received N168.056 billion, and the local governments received N126.278 billion.
The oil producing states received N46.353 billion as 13 per cent derivation revenue and Revenue Generating Agencies received N21.593 billion as cost of revenue collection.
A breakdown of the distribution showed that from the gross statutory revenue of N518.916 billion, the Federal Government received N239.655 billion, the States received N121.556 billion, the Local Government Councils received N93.715 billion, the Oil Producing States received N46.256 billion as 13% derivation revenue and the Revenue Collecting Agencies received N17.734billion as cost of collection.
From the Value Added Tax (VAT), the Federal Government received N13.894 billion, the States received N46.313 billion, the Local Government Councils received N32.419 billion and the Revenue Generating Agencies received N3.859 billion.
According to the committee, revenues from Petroleum Profit Tax (PPT), Import Duty and Companies Income Tax (CIT) recorded significant increases; Revenue from Value Income Tax (VAT) recorded a marginal increase; while Oil Royalty and export duty decreased substantially.

DeRuggedProf:
I love this part: ''In the case of MTN Nigeria, the NSE had requested the Company as part of the listing process to make shares available and The Exchange expects the company to do that''.​

Let them keep expecting ......

maryjames9:
Love this post. Why are pips on this forum always hiding their needless fears, worries, insecurities under academic toothless analysis, unfounded conspiracies,.... Your business as an investor is to make money. How some guys are manipulating the market is none of your business. How the NSE equity is crashing is none of your business. How the economy is unfavourable, how recession is coming, how terrible the NSE regulators are is not your business.

Your business is to enter the market when the signs and all indicators are favouring the market and pull out immediately there is sign of reversal or consolidation in order to re-enter the market again when sentiments is favourable. I won't be surprised If you folks keep waiting till MTN reach 200 or 500 naira. Too much talk and analysis and fear mongering on this forum.

However, I can't help but admit that this forum has been of tremendous help for me. It has made me known the basic nitty gritty of stocks market generally.

Mpeace:
We at Transcorp need to learn form MTN. Even with their huge OS, MTN shareholders still refuse to sell thus leading to share price appreciation. We at Transcorp must emulate MTN if we want make money.

News as from monday, make no body sell anything until Transcorp hit me 20

tonero263:
Official list showing the names, MDA's for the first batch of the loan scheme 350 persons posted on the RIVPUSMIS site, Pathetic enough only 4 or 5 persons from ministry of education. What � a snail movement. This month 2 batch....

Kagame:
On Stanbic IBTC shareholding in MTN. One thing you might note is that a lot of the shares belong to beneficial owners ~ politically exposed persons and some other HNI who would not want their name appear in print for specific reasons. Osinbajo and some other OGs are shareholders but you don’t see their names appear on that list.

You might have also noticed that big men form new companies/investment vehicles just for specific investments. I will detail on this later.

Beneficial ownership,nominees and trusts is the way rich OGs roll!

OBAGADAFFI:
It is not manipulations.

The current shareholders are simply not selling.

Note:- MTN did not issue additional shares .

locodemy:
They no send u ooooo.............After all na you Nigerians forced them to list at Nse.Them gree before?

Chibuking81:
My question is this, those who are discouraging others not to buy mtn, will they buy tomorrow? If the answer is yes then they are being selfish. Yes the price might move up or down after listing, even our Zenith bank, UBA and others do move up and down.

Tomorrow they will be the first to jump in and after the price might have move up, the same people will start encouraging others to come in, I still maintain that stock will nosedive today in preparation of mtn listing and welcome tomorrow , many will still bail out to get more cash ready to jump into mtn.

Mcy56:
Oga CHibuking, maybe you should keep your info to yourself since you wouldnt like people to jump in and then, they'll still be accused of not allowing you to buy again. I believe the reason you were mentioning it is to create awareness in the first place and consider views from every angle.
Dont know why you think that some people dont have the info already and even much more than you have self.
I've not read any single comment discouraging anyone from buying but rather cautioning. What if it's not what we expect it to be, just what if?
I no wan read plenty grammar say anyone discourage you here o.