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Chimex38's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 9:22pm On Nov 01, 2025
Zagee:
Foreign investors getting weary of fixed income?? hmm. Where's the money going to? huh
You get it..
Even at 21% it was greatly undersubscribed.

They requested 24%+
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:41pm On Nov 01, 2025
funkymedina2:
Can you read the nonsense? Ngx should start giving fines to companies who post results you cant read . 1 million naira per day the rubbish stays up LOL. Absolute disgrace, and we want oyibos to come
The clearer one has been sent to those who can pay ₦250bn.
Can you pay ₦250bn?
grin
#joke
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:14am On Nov 01, 2025
Makanjuola89:
Many of you don't understand this CGT thing. For individuals like you, your CGT will only be 10% on your gain over a period of 12 month. In addition, you will only pay CGT if you make more than 10 million Naira profit in that 12 month period. Let's say you make 10 million profit, you won't pay any CGT. If you make a profit of say 11 million, your CGT will now be 10% of 1 million (i.e. 11 million minus 10 million).
Oga, you are correct, except you using the FIRS act of 2020 Abi 2022 which expires officially in December 2025.

from the TAX act 2026
For an individual PIT rate up to 25% thereabout will be applied on your withdrawals from 2026 unless 10m profit AND a sales value greater than 150m and above is triggered as someone interpreted above.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38:
Agbalowomeri:
But GTCO has to pay at least N7 final dividend for the SP not to fall below N70
The "#joke" I wrote was for playfully calling him out as your second handle in context of your usual predictions in stock prices drop ; grin
Not necessarily dismissing the possibility of GTCo price.

However, arbtriage effect with LSE may stagger it + other good news in comparison to other banks into the new year just like forbearance effect did push it up.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:12am On Nov 01, 2025
emmaodet:
I am looking at around 50-70
Ahh..
Agba 2nd Handle
#joke grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:59am On Nov 01, 2025
Christianity EtcRe: Ex-Hamas Wife, Daughter Of A Hamas Founder, Leaves Islam After Meeting Jesus by chimex38: 4:35pm On Oct 31, 2025
Meedon:
Religion shouldn't be forced on anyone because when people were not in existence (when they have not been given birth to) they don't know anything about religion. It should be a matter of choice. But Christians force their narratives on people, telling them they will go to hell if they don't give their life to Christ, who is the king of the Jews.

I'm a Nigerian so how is Jesus who is the king and savour of the Jews my saviour?
My point is you didn't declare death on her for leaving.
I was positively surprised you wished her guidance back.

Even if I wanted to join Islam, the thought of I can't leave without fear of my life from family, friends or fellow Moslems declaring death can be the only reason I won't join in the first place. To me It negates freewill and altruistic nature of worship from the heart.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:29pm On Oct 31, 2025
ogawisdom:
You people should stop worrying about CGT, a law is not retrospective. If only our government will not loot the tax income it could have helped to improve our systems.

.................
.........
.....
#Nairametrics

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:18pm On Oct 31, 2025
grin
mikeapollo:
Undead
Walahi ya tefi kasoa! grin grin
Alhaji marry 4 wife amaria Saudi Arabia, duka enjoy up baya Dubai
Oando up, up second term up up Tinubu up up grin grin
Gaskia
Christianity EtcRe: Ex-Hamas Wife, Daughter Of A Hamas Founder, Leaves Islam After Meeting Jesus by chimex38: 7:47am On Oct 31, 2025
Meedon:
From light to darkness. She made a wrong decision. May Almighty Allah guide her back to the light.
I like this.. I rarely see it.. smiley

The other extreme is a major limitation.
If one leaves(apostacy),its death as punishment.. It's scary.


It's even possible for one to leave and come back especially youths and adolescent with their youthful exuberances seeking their path..

Don't you think this defeats the whole essence that religion should guide one unto self spiritually and morality in general? not a sense of coercion but freewill. undecided
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:50am On Oct 31, 2025
grin azzin
yMcy56:
Your own vigil pass people wey dey inside market self 😁
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:23pm On Oct 30, 2025
aj8:
What’s the organic earning? Common sense strategy has to be applied to organic earnings. Search aj8 organic for further insight. In that way, the next earning is more mathematically predictable. However, what’s organic in one sector may not be organic in another sector. We need to apply small common sense in such too. It’s all about averaging out our expectations. No stock can resist appreciation above a price 4x its FY EPS as long as the earnings were derived from sheer sweat and administrative sensibilities, not even one. That’s the heart beat of the Common Sense Strategy.
Except banks sha....
Stubborn sector grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:50pm On Oct 30, 2025
Mpeace:
UBA eps is N13.56 the difference is clear.
Was going to excuse access EPS with their OS In comparison to UBA, but UBA still had higher PAT.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:49pm On Oct 30, 2025
BabsO2:
This partial recovery is lovely. grin
Abeg more recoveries.
At this rate of recovery, there is hope for Oando getting into positive shareholders fund by Q4 or early next year.
There is also hope for cash dividend resumption next year.
Also that legal restructuring proves more write-back is expected in the near future despite being fully provisioned like banks forbearance issue.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:30pm On Oct 30, 2025
BabsO2:
That's fast. Where did the money come from. Looks like it came back the way it went out. Nah wah.
Lol.. grin
Everybody dey suspect MTN..
MTN make una change Oo.
Turn a new leaf grin cheesy
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:04pm On Oct 30, 2025
jonnysessy:
We will manage the MTN interim dividend. I am yet to understand why they claimed losses in the first instance with all the money people are spending on data grin
grin grin...most people don't trust their result all these while..
But vandalism and infrastructure maintainance is real..
Fibre cables in remote locations are being axed from ground like illegal Mineral mining..
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:02pm On Oct 30, 2025
BabsO2:
Are they out of negative shareholders funds. When did they come out.
Yes.. Positive Retained earnings @142million
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:38pm On Oct 30, 2025
MTN interim of 5!!
Someone predicted MTN to pay dividend this year..
I say na lie!!!
This is fantastic.

https://doclib.ngxgroup.com/Financial_NewsDocs/45363_MTN_NIGERIA_COMMUNICATIONS_PLC-MTN_NIGERIA_INTERIM_DIVIDEND_CORPORATE_ACTIONS_OCTOBER_2025.pdf
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38:
vacanci:
huhhuhhuhhuhhuhhuh?
Edit
No mind the naira sign..error
current OS is 36.5bn.
Go to page 11 of Wema Q3 report.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38:
vacanci:
what is WEMA current outstanding shares
(Page 11.)

Should be ₦35.6bn currently.
But seems they used 23bn(weighted average)
even at that, EPS should be
About ₦5.5
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38:
essentialone:
9 Months EPS of Wema Bank just jumped from N3.28 to N7.39


Or did I see it wrongly?
I believe you saw rightly but calculations don't seem right.

Revenue increased by over 50%.

Net-Interest income doubled with over 120%.

Edited.
Page 11.
They used weighted average OS of 23bn instead of the current 35.6bn.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:22pm On Oct 30, 2025
pluto09:
Guarantee ke tongue
In my own opinion, the first thing is to generate enough funds to cover our recurrent expenditures; debt servicing (including seed money to retire matured debt obligations), salary and overhead.
U see..

Govt from inception of Democracy generally has a poor credit rating on fiscal usage of resources but a small fraction of the populace are willing to give this taxation a try with reluctancy and grumbling as a way of trying sth different but then borrowing into their future? decreases this optimism further.

The recurrent expenditures shouldn't just be salaries and overhead, it should also substantially include utilities that serve the masses directly as well as spontaneously!!
Water treatment, swift replacement of electricity poles and wire collapse by weather or miscreants. Assist community blown out transformers swiftly (Govt has 40% stake in all Discos and Gencos)

Japan and Co takes few days to months to repair roads damaged by earthquakes!
Why I no go pay tax if I dey there?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:48pm On Oct 30, 2025
pluto09:
Where will the money to provide all the good things you have mentioned come from?
Can you also guarantee they will prioritise these good things without first using proceeds to offset borrowing?
Thats if the entire tax is even enough grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:45pm On Oct 30, 2025
Gotocourt:
Abeg list top insurance stocks 🙏
In no particular order
Custodian
NEM
Aiico
Axa Mansard
They have the reach, brand name, consistent dividend payout. Good management overall, yearly payment of 90-95% consistentcy with little to no default over time..

You can research more on them and compare with others..
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:36pm On Oct 30, 2025
pluto09:
Yes, many more need to pay tax. cool
I don't mind paying 30%-40% tax if the amenities of water, light good road health insurance, Mass Bus transportation, etc can be guaranteed throughout the 774 LGA of Nigeria and beyond at least.

Ideally and academically grin The tax should be cheaper in the long run than paying and maintaining these yourself. If not in my time, in the future generations.

But if debts are being accumulated in my time and taxation is being imposed.
What happens to the future fiscal use?

It's not just about capturing the untaxed.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:26pm On Oct 30, 2025
Streetinvestor2:
So na next yr be insurance sector deadline. It is not achievable. It will be extended
There capital requirement is small..
Maybe less than 15bn for the worst hit.(composite insurance)
I believe most with either life or General will meet the deadline, if they haven't already.
Fingers crossed sha...
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:20pm On Oct 30, 2025
oxx4:
Thank you for your response. There was a drawdown of around $150m during covid from the Stablization Fund. Government knows what to do if they need fund from there.
In addition, the fund was setup majorly to invest on behalf of the government and grown the fund so that the country will not go broke when Hydrocarbon (crude oil) is no longer in "vogue". If they start spending the funds to block borrowings, won't it defeat the reason for setting the SWF up in the first place?
The fund isn't enough to fund deficits;i get that part now.
Though I didn't advocate using the seed capital but the proceeds from the fund.

But it's understandable if returns are being compounded.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 12:29pm On Oct 30, 2025
pluto09:
I think our people need to pay more attention to our budget.
We have a national budget the government is working on.
The budget has a deficit of about N13 trillion which is to be financed by domestic and external borrowing.
That is to say that even if we meet our revenue target,we will still have a shortfall of about N13 trillion.
I sincerely don't know how you think a stabilisation fund of about $3 billion is what should be used to finance a year budget deficit of about N13 trillion.
We still need a long way to go, the money we are generating as a country is still very low in relation to our population.
Fair enough, if it's $3bn, then probably not enough as you stated.
If you read my previous reply I was not against borrowing for infrastructure.
I am against the bulk of the borrowing catering for previous borrowing that's due next month(Akpabio said it on the floor of the senate).
How sustainable?

You and I will bear the consequence of this new borrowings through aggressive taxation amongst others. Not for social amenities, but to cater for borrowings and the cycle continues. undecided
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 12:21pm On Oct 30, 2025
Yoursfaithful:
Shey you follow say dark is coming now you see dark result you dey look for wetin dey sup grin
King of dark can't bear it any longer grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 12:13pm On Oct 30, 2025
NSEstudent:
Thanks for this.

So, in summary, the common sense SP = average quarterly eps x 4 x 4
Yes....correct. that's the conservative average generally.

However
But based on specific results of some stocks and the nature of business(low OS, economic necessity, Brand name popularly, MOAT factor, expansions, good and regular dividend payments, good dividend yield, etc) he could use
EPS x 4x5 OR EPS x 4x6 or (inbetweens)

For negative perception within the stock and stained result
(e.g bloated OS, Accumulated debt on balance sheet, -ve equity, poor dividend or no dividends, sector standards etc
he could apply a penalty of 50%,75%, etc.
That is: EPS x 4x 4 x 50%(0.5)
or EPS x 4 x 4 x 75%(0.75) as the case may be..

You could customise it according to your own valuation and due diligence as well.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:33am On Oct 30, 2025
mikeapollo:
They have probably looted the stabilization fund, so there is nothing in the fund
Lol.. I dont think so sha..
ee never reach like that.

oxx4:
Una go just open mouth wa and rubbish go dey comot for there. A simple search will show you the the company has grown the seed funding of $1bn from 2013 to over $3bn. Make una stop the country hate
Thats commendable at least.
But the crux of the matter is to reduce borrowing and use part of the "grown seed" of $3bn(as you say) to fund the budget deficit. That's primarily the mandate of the stabilization fund.. To assist fiscal deficits.
Not growing funds ab initio till infinity.

Apart from borrowing for infrastructure or so which could be fair..

The crux of that over ₦1Trillion borrowing is to fund previous borrowing(Eurobond maturity, budget deficit, amongst others).
Where is the stabilization Fund in these equation?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38:
@naturalflow the Q3 performance was not as good as Q2 performance that took it SP to 4+
It made ₦0.56 EPS in H1(Q1+Q2) which made estimated FY EPS to be about ₦1.10k! Consequently, this took SP to ₦4+
Q3 alone it made ₦0.13
(drop per Q). This shows it may not attain the FY EPS of ₦1.10k that was estimated by H1 that took the Share price to ₦4 if it continues with this ₦0.13 EPS in Q4.

naturalflow:
Aj8 this your valuation on mbenefit no clear oooh,the stock is already on 4 naira before this nice result,you are taking it backwards even after the result(3.68)?
essentialone:
Please what Formula do you use to get those figures you usually put up?
I know Qtn is meant for Aj8.
But let me add.

EPS of MB is 0.69 Year-Till-Date(9Months).

We are only left with 1 quarter EPS to add to the EPS of 0.69 to get the Estimated FY EPS.

12=12 calender months
9= calender months.

0.69* 12/9 will give you the estimated full year EPS of ₦0.92k
He multiplies by 4 as his personal standard of average PE ratio of 4 for "most" companies which he calls common sense grin.
0.92* 4=₦3.68 as target price.

Alternative1,
4=4 quarters(12months; FY)
3= 3 quarters(9months)
he could as well have done 0.69*(4/3)=₦0.92
Then 0.92*4= ₦3.68 as target price.

For a more logical breakdown:
Alternatively 2, you can divide 0.69(Eps for 3 quarters) by 3 to get the EPS for 1 Quarter=
0.69/3= 0.23.

Then multiply 0.23 *4 to get the estimated full yr EPS= ₦0.92k.
Then multiply 0.92*4 to get the common sense target price of ₦3.68 as target price

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