Locotrader:
Cardinalstone APP is the best among all the brokers app I have navigated.

The App alone puts them ahead of other brokers.Seamless and user friendly.

When they bring their brokers fees to 0.5%,they will control 20% of the entire market by volume/value

What's their current brokerage fee?

Divineability:
Let me lend a voice to this discourse. The 100% or so wage increase is actually a ruse and deception. The category of workers that will benefit that 100 % is infinitesimally small, if there is at all. By the government's consequential adjustment magic, most junior workers will get less than 50%, most middle workers will get less than 30% raise, while most senior workers will get less than 20%. When you juxtapose that with the astronomical increase in goods, food, transport, services, and other parameters of cost living, workers' purchasing power is actually nosediving, and far from increasing. He who wears the shoe knows where it pinches, I challenge anyone to do a finding on workers' living condition; it is worse than pathetic. In fact, I am doing this typing with a heavy heart. So, no one should think the wage thing will positively impact the economy, market, business, or company bottomline. Pls visit:
https://economicconfidential.com/2024/09/minimum-wage-adjustments/

I think you people are mixing different topics:

Purchasing power pre/post minimum wage increase, standard of living pre/post minimum wage increase, impact of minimum wage increase on the economy, impact of minimum wage increase on inflation, impact of minimum wage increase on share prices.

If you're only focused on the impact of minimum wage increase on share prices, since the minimum wage increase will lead to increase in Naira in circulation, it will likely lead to increased share prices in the short term, if all other factors remain constant. In the medium to long term, many other factors as highlighted above and even more will play their roles to determine the impact of the minimum wage increase on share prices, which may dampen the short term positives.

phadriz:
Companies will get out of forex losses how? Are Nigerian companies selling their products in dollars? Are you saying the accumulated losses will wipe away automatically? Trade surplus will increase when Nigeria is an import economy, a country that couldn't meet OPEC quota.
I think pipeline vandalism will be on the raise in 2025 with the cancellation of ministry of Niger Delta.

@bolded, Nigeria already has a trade surplus.

https://punchng.com/nigerias-trade-surplus-hits-n6-9tn-in-q2-nbs/#:~:text=A%20breakdown%20of%20the%20report,per%20cent%20increase%20from%20N19.

phadriz:
We now have a tax collector as president, Taiwo Oyedele new tax reform will be implemented which will be strange to the system.
Yes, I agree that Nigerians could act like coward, but you need to remember the COVID-19 palliative looting during Endsars. An hungry man is an angry man. Also remember the unrest in Asia and possible impact it could cause to the world economy if not well managed.
My prayer is for the market to be bullish but we need to consider negative factors also.

I don't think the tax reforms will affect the masses who could coalesce a viable protest. The cadre of people who will be most affected are those who largely are "afraid to die".

As for unrest due to deteriorating standard of living, I doubt anything serious in that regard would materialize. There's a fear among most elites to galvanize towards any concensus, maybe for fear of victimization/persecution. I believe a considerably national elite concensus is necessary for the success of any mass action.

Toluway:

Rabid'oracle is not the only Oracle na

Ok. Just wanted to confirm. Thanks

Toluway:

The real Oracle himself!
Thank you Ginalex for making him rumble 😁

Wait, is Agba the same as Oracle?

designking:
Which company did this Dividend come from?
I just go thenalwrt but don't know which stock brought the dividend.

Acct: ******198*
Amt: NGN***,475.00 CR
Desc: TRCLEARINGSERVICE ZIB/NEFTC//FRNL DIVIDEN
Avail Bal:
Date: 2024-10-25 10:53:42 PM

Fidelity bank

pluto09:


I know they raised capital but I think that is reflected in the issued share but this share premium of a thing is what I don't understand

The portion of the new shares that will be credited to share capital is the nominal value, the rest will be credited to share premium. Eg. If they issued 8b new shares of 50k each at #2.50k. They would have raised approximately #20b. #4b will be credited to share capital (8b × 0.50k) while #16b will be credited to share premium account.

ProphetUtuocha:
Calm ... calm ... calm!

Folks should not allow
Those who in their
Fear and analysis paralysis
Lost out on Oando
To scare them
On an action
That contrary to them
Is positive and commendable

For there's no cause for concern
In that which was done
It has only provided sane investors
A new opportunity to gather fund
And launch an accumulation drive
When the gate opens

@bolded, Prophet with a touch of vawulence.

mikeapollo:


It is a fact that there has never been a single oil and gas upstream company in Nigeria's history which commands the quantum of oil and gas reserves that Oando has acquired, that has been declared bankrupt or liquidated because it was no longer a going concern!
Oando is having cashflow problems, but they have assets that are worth more than their total liabilities! How quickly they are able to generate the necessary liquidity to settle their liabilities is the challenge here!

You're seeing the bigger picture. Just so you know, Venezuela, not Saudi-Arabia, has the largest crude oil reserves in the world. There's a difference between reserves and production and that difference equates to money, huge investments.

ositadima1:


You are right about the 20%; you should not invest that much in any investment even when you think it is very good. Now, is the Oando reservoir of crude oil fake and based on hope? What is the worth of such a reservoir? What is its worth compared to debts owed? Can you answer these questions? If not, then why is your own opinion not based on hope?

Very crucial additional questions:

1. What're the costs of getting those crude oil in reserves out?
2. How fast can they be gotten out?
3. Is the value of the crude oil guaranteed, on the long run, vis-a-vis
global crude oil demand?

No matter our(African) arguments, the crude oil demand by the major consumers (North America, Asia and Europe) is not looking bullish. And we can't force crude oil down their throats, eventually. Thank God for Dangote Refinery: at least, we should have some level of energy security.

Streetinvestor2:
I don't know .I thought some people say it is possible in thr adverts for that sector. The only real estate I do is just to buy land and keep as an igbo man..lol

Capital appreciation is usually better than rental income in real estate. But, just like you look out for promising stocks, you need to look out for promising/undervalued real estate.

debeey87:
Has anyone who receives dividend through gtbank gotten their Access bank interim dividend? Nothing on my end

I have received mine. There's been no SMS or email notifications since they migrated to a new core banking app. However, if you have GTWorld app or Internet Banking access, you should check. It may have been credited.

.

Please when is/was the NIDF qualification date? I can't seem to find it.

Modified: Seen on https://businessday.ng/companies/article/nidfs-interest-income-jumps-40-on-yields/

Today, 21st October, 2024 is the qualification date.

nosa2:


I see it happening in the banking sector

A rally is near certain, but 800%? It's NGX though, never say never.

.

mikeapollo:


This is not entirely correct.
In a JV arrangement, each partner's ''production'' refers to its share of the total crude oil produced by the JV. Oando and ENI used to have 20% each while NNPC still maintains 60%
Hence, as far as Oando is concerned, the additional 20% acquired via the ENI deal effectively translates to a 100% increase in its ''production'' in the JV.
For example, if Oando was previously entitled to 20,000 barrels from 100,000 barrels, it is now entitled to 40,000 barrels; so its ''production'' now ''increases'' from 20,000 to 40,000 barrels.
In the absence of any other factors to the contrary, this could ordinarily translate into a potential 100% increase in revenue.
Again, it should be noted that Oando acquired other assets from ENI that were not under the JV arrangement, which could also translate to more revenue or production, in addition to what comes from the 40% in the JV..

This is correct. While the acquisition alone, without boosting production, will not add to Nigeria's output, it will add to Oando's. It moved from one producer in Nigeria (IOC) to another producer(indigenous), also in Nigeria.

unite4real:


EPS of N3.55 was annualized and based on 6B units of outstanding shares.

If we factor in the 18B units after the dilution, EPS for 9 months will be 88k and after annualizing this, it will be N1.17

Final dividend should not exceed N1.

Maybe less than 80k.

That is if they extremely generous with the payout ratio

But it's the beginning of big things to happen for UCAP

Don't forget an interim dividend of 90k, I think, has been paid on 6b shares. That's effectively a 30k discount from the diluted EPS based on 18b shares. So, if we're looking at a final EPS of 117k, final dividend cannot be more than 87k, except they want to dip into retained earnings.

mikeapollo:

It is more like between Oando and SEPLAT. Currently, SEPLAT produces about 48,000 boepd while Oando produces about 40000 boepd excluding both Mobil/ENI acquisitions

You know Access has more gross earnings than Zenith and GTBank, right? All these una analysis just dey make am obvious wetin una dey do.

I think it's just better for me to stay away from responding to these Oando posts.

emmanuelewumi:



We dey the same Whatsapp group

Please can you share the link to the WhatsApp Group, Sir?

Agbalowomeri:


Before the bogus earnings, they were paying about 50% dividend. By now they should be paying N10 or more by year end. Maybe we will get a surprise this time

They should increase dividend payout joor. We don't trust the management, CBN and FGN again. They can wake up tomorrow now and say the government has shielded "systemically important banks" from risks and so they should pay 50% tax on their retained earnings. Let's be getting a reasonable share of our profits as dividends, biko.

essentialone:
TINUBU: The Making of an Authentic Political Philosopher.

#Copied

I don't think this should be here, even though it's a compelling piece.

#Not a buy or sell recommendation.

akpumpy:
After payment...

It's after Qualification. That's after the qualification date. The payment date will usually come afterwards.

Sunrisepebble:
What is driving Ellah? They invited a broker friend of mine over a few weeks ago and he told me nothing is really going on there besides piggery at the moment

Thanks for this very important disclosure. Could it be that the stockbrokers weren't taken to the plantations, even though they are not yet fruiting? Or could it be that the plantations are audio? @Sunrisepebble, we would appreciate if you could find out exactly what they were shown and told while on that visit. Inviting journalists should have been better though, even though those can be corrupted to report what you want them to report.

Bottomline is: the more the raw independent information is provided, the better, to allow investors make their own conclusions.

Disclosure: I'm not buying yet.

Akpaamunsi:


And you had to use an igbo name to write the satire Tribalism is ingrained in the blood of every yoruba man. Spits

He used two Igbo names in an illustration, one for good, one for bad. I didn't see anything tribalism in that. Relax bro

zendi:

Sitting on a $280b mountain of cash, said to be only half of his company's portfolio size, and refusing his loved one a humble request of $40,000 tied to a specific need, suggesting it's not a habitual pestering for money.........

Here is what a miser looks like, both in Africa and in America.
At 80+ what much time left does he have to share love?

You overlook the obvious: it's not as though he can't give her even $1 million but she wants to spend $40,000 on her kitchen and she can't afford it. You're the one calling it a need.

rmx:


Hate ke , loving his moves , it’s the move that gullible Nigerians believe , I don tell una reality

He should come out and state the Price he sold to them if it’s a lie . Very simple , don’t we know the price he sells diesel , aviation fuel etc .

I tell people i bought from you 1 naira and provide my evidence , you say No you dint , then tell us how much you sold it and your evidence . All So basic . I sign out on this

The actual thing to do is for NNPC to also reveal how much they are paying for PMS imports currently (since 16.8 million litres purchased from Dangote Refinery isn't enough for local consumption). NNPC is just trying to put DR on the spot vs Nigerians. You import at over #1,100/litre and subsidize it to sell at circa #840. Then you buy a better quality of the same product at less than your import price but because you don't want DR, you prefer not to pay a lower subsidy so that you can keep importing in order to pay a higher subsidy. The problem is that we don't seem to see through what they(NNPC) are doing.

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

This makes a lot of sense sha. Since the cabal that has allegedly scuttled efforts to revive the refineries so far, will have no more incentives to keep doing so. Dangote invested heavily in his refinery which has capacity to meet all Nigeria's current major refined products needs. He
can not be expected to give in to them without a fight. That should actually be a win-win for the economy.

nosa2:



DONT BE FOOLED

After totally discounting the other income (of which they keep a portion) they still made 373,504,548,000 in 6 months.

Using the pre offer ourstand shares of 29,431,179,224; we are still looking at a forward EPS of 25.38 and a P.E of 1.8.

Remember Other income is totally dscounted.

Even when I add the 9,000,000,000 shares from the offer, I am looking at 38,431,179,224 outstanding shares and a forward p.e of 2.37.

I cant believe GTB is this cheap. I hold and will keep buying with all I can raise

This is easily a N200 stock based on these worst case scenerios.

Abeg does anybody kow the closure date for the dividends?

It's a relief I didn't see in GTCO's account, the kind of spike in loan loss provisions that Zenith Bank reported. Hopefully, it's not early signs that the recent poor performance of businesses will find a way to eat into the banks' bottomline. All these cankerworms ...

yMcy56:

I don quickly edit am
Before dem go drag me into their vawulence again.

"Organized deception by association/interest" will eventually unravel. What's the difference between this and ponzi schemes? You lure people in, to be able to cash out, knowing some persons will eventually be left holding empty cans? And you will come back to use your "successful call" to repeat the cycle. That's detestable behavior.

Better a little with honesty than much riches with dishonesty.

PS: We saw what you edited. You now seem to agree it was a gamble all along. Because, if not, shouldn't you be happy that people are going to sell so that you can buy more of a company with a $1 valuation?

MARKETJJC:


But people putting in billions every week for some weeks now, are not ordinary traders or small persons. Or are you not seeing the amount exchanging hands every day and week?

My caution for "investors" remains. Putting in billions or trillions doesn't mean they can't go wrong. If you take out over 200b forex gains from that result, Oando still returned a loss of about 130 billion or more. And that forex gain is ONE-OFF.

If anyone wants to INVEST, they should be sure they have done their due diligence. SIMPLE.