₦airaland Forum

Streetinvestor2:
It means 1 unit is 1700 ×98000.If yes what kind joke is that..lol

Exactly
The devaluation now adds to the huge bounty the young boys you see cash out with when converted.

BabsO2:
I don’t think bit coins was ever that cheap to make getting 1 million of it that easy. That kind money go fit buy jet sef.

you may be right.
Last I remember,
around 2012-2013, it was about ₦500 or less per 1BTC.
still not easy to get 1million.

But now you can't easily afford 0.5BTC not to talk of 1BTC.

Odingo1:
https://g.co/kgs/TAWnJGW

In Awujele statement: Oba Adetona revealed that as a matter of fact, when the idea of Yoruba term was first tossed around, Ijebus declined membership of Yoruba umbrella on the ground that they are not descendants of Oduduwa but from Wadai in Sudan.

thanks @ Odingo1 for the history exposition in your own little research 🙏
and especially the manner you used in responding to tensed comments that would have spiraled out of control on the thread. Kudus👍

MichaelSokoto:

Laff wan wound me too.

Prosperous111:
I don't know either to laugh out loud or swear for you and your generation or to just ignore your stupidity but I already respond, and I don't find this funny so I will lay a curse on you and your generation.

May you and your generation be in chronic debts till this world cease to exist. Amen and Amen 🙏🏿🙏🏿🙏🏿

Small play u turn am to fight..
Shey na laff emoji u even use for that ur comment sef.
I tire Oo.

Padipadi:
Shingbain you won't get. You look like a chronic debtor running from opay to palmpay from kuda to moniepoint from smartcash to okash. From sportybet to naijabet from betja to pari-pasa from surebet to merrybet.
You're wanted by nairaland police for having multiple account and derailing of threads.
You're to remain silent cos whatever you say will be used against you at this seminar that has court of law.

With this template of experience.
You fit be debtor urself..
#Na Joke Ooo

bobofellaini:
I don't understand. Why are some regions reduced in percentage? Does it mean people that were literate in 2019 are no longer literate ?

It Probably means much more people were born in those regions by 2019 who didnt go to school or were illiterate, reducing the overall % of those regions.

Summary
As more people are giving birth each year and most of them have low literacy rate than the literate ones.
The overall % will continue to decline.

pluto09:
https://www.thisdaylive.com/index.php/2024/11/23/gunvors-rotterdam-oil-refinery-halts-operation-as-dangote-disrupts-european-market/

Insult to the Power Sector..

essentialone:
These 3 people dey always get different views on every stock. Locotrader, Street investor, and Megawealth.

One will say Buy, the other will say Hold, and the 3rd will say Sell Off.

Are they Trinity?

rather a welcomed diversity.

RichBoy247:
Okay.

So all these Igbos that dropped out of Primary school in their villages and jumped into Mallam’s trailer carrying tomatoes to Yoruba jabs to come and slave, are they also counted as part of Sourh West out of school children?

You will be amazed at how much they learn how to read and write while on the so called Job within few years.

Streetinvestor2:
The second option na wayo because you can easily achieve it when you manipulate the price of the stock very high.The should have sticked to the first option

I totally agree with you.

KarlTom:
Is this possible?

There is a free float requirement for listed companies which is think is well above 3%

Sunrisepebble:
I thought it was 20%

Raider76:
Ask SEC/NGX

NGX says on free float:
20% Minimum OS OR
₦20bn of Minimum OS Value.

BUA Cement & BUA food fulfilled the second option.

Omooloriredade:
I went back to correct my post again. I knew the per share data in the Q3 result was misleading but didn't remember how I arrived at the result.

PAT - N1.524B
OS - 2.949B

EPS - N0.52 (Q3 didn't factor in the additional shares but the market is well aware I suppose).

Very correct.
On note 48(page 62). They didn't effect the diluted number of shares.
Previous 1.76bn OS was used.
The additional 1.179bn bonus wasn't added.

EPS is about ₦0.52 as you initially claimed.
Market is aware.

Though they seem to have series of borrowings.
Though servicing them when due sha.
But very large and diverse
Damn!!

Omooloriredade:
Correction taken. Thank you.

I think I'm getting things mixed up with another stock. OS has truly increased from 780M to 1.77B.

So the additional shares have been alloted and may well be the cause of the over supply from a large holder.

Current per share data is correct with EPS at 90k. Yeah, market may truly be sleeping on this one

@Chimex et al, please take note of the correction.

Correction noted.
@the bolded.
Seems the bonus shares were alloted from the share premium account
(AGM resolution).

probably not by any major shareholder.

Thanks all the same.👍

Heishere:
Bonus has since been distributed.

True. Just verified.
It's been issued from the AGM resolution of September 26, 2024.

Favourdays1:
I don't like any

ok then.
why the tears-filled-eyes emoji?

Kharol1234:
chimex snake

Lol.. of all pets
I look like Indians? .

Omooloriredade:
Been digging to see if I overlooked anything in my assessment. Now I'm inclined to think the market actually knows what's up

Factors to consider:

1. There is a willing/motivated off-screen seller at anything below N4 maybe down to N3.60? Them get am plenty and are letting some go probably because of point #2.

2. The effect of a generous bonus. 2 for 3 for declared in November 2023 and with a January 2024 qualification date. One year after bonus declaration, additional shares are yet to be issued. Who does that? While the market appreciates bonuses, this one excludes 2024 buyers. What stops a beneficiary of the bonuses from doing a yard sale if they know they will still get 2 for every 3 they sell anyway? Points back to #1.

3. Current per share data and valuation doesn't include bonus shares which introduces some uncertainty. Will the additional shares be awarded and included in FY 24? If yes, then real eps is about 52k.

Off-screen sellers are to be feared and respected in the market. There's no telling how much stock they intend to dispose off.

Disclaimer - All in my opinion which is not gospel so please dyor. Also, my assessment of trading activities in Chams could be wrong.

Thanks for this possible insight on CI leasing.
much appreciated.

Favourdays1:
🥺

Are you a snake lover and animal conservationist?
It had to be killed or I risk my peace of mind..kpele

RodgersAkpafu:
These crazy returns in the market, especially the crypto market is taking the semblance of currency debasement (esp of the USD)

These returns are not making any sense anymore
Will it pop like the dot com bubble?
or will this be the new normal?
Its left to see

I think it's just Trump/Musk effect.
Much like how NGX rallied from May 2023 cuz of Tinubu effect.
Trump is strongly Pro-USA and anti-immigrants, hence probably weaker USD perception from rest of the world (maybe)
Musk once had a Cryto product..bullish run

There will be correction as life and policy challenges unfold.

but I don't think it will go back to status quo. I dont think it's a dot com bubble scenario.

tobby20:
No body talk animal here
Oga focus
Na snake language b d koko

Lol. Ok
If its non-venomous, ee dey easier for the stomach to speak its language abi?

illicit:
What you mean to know is the specie

No one can know d name of a snake, do u speak snake language?

Lol. thanks for the education, but you get my point..

I wish I speak animal language.
That's will be a very great asset

mariovito:
Rat snake

Carndidlaydid:


I think it is called racer snake in hausa it is called maitsere

Rat or Racer snake?
I just briefly researched both species--Racer and Rat snake(Indian) and realised both have a long slender tail as the one in the picture.

Can't seem to narrow it further.

RightChanneI:
It is not venomous but say your last prayer before you go eat am

Lol...
Last Prayer bawo?
for a dead creature?
What am I missing.

@bolded thanks anyway

Carndidlaydid:


Ithink it is called racer snake in hausa it is called maitsere although non venomous.. Thanks to the hot weather nowadays enough snakes

Please don't eat it




@bolded
Nah.. hope you don't intend eating it

Hmmm.. Racer snake.
It was quite fast before eventually being killed.

Why can't it be eaten like others?
as u generously answered, it's non venomous

mariovito:
Rat snake

Thank you..
Meaning it was searching for rats kind of.

Is it venomous?

Snake killed recently within a nearby farm. What's the name please?
Dominique
Mynd44
Mukina
mkmyers45
UjSizzle
Nlfpmod

Agbalowomeri:
Just when people are happy that they have repaid their loans Lol. Cowboys

much like reverse of ur comment on shareholders loans using Flourmill ..

This time company collect loans, payback and delist.....
do you blame them?
Be like economy dey also do them gbas gbos.

Raider76:
https://www.thisdaylive.com/index.php/2024/11/18/ft-dangote-seeking-bank-funding-to-boost-crude-supplies-to-refinery/

This man don dey enter one-chance with his refinery investors.
That NNPC crude-Forex deal don put am for hot seat.
(low crude supply to refinery)

Desperate times calls for Desperate measures.

He shall conquer lass lass
💪

KarlTom:
80m units (or ₦800m in value) within a 12month period MUST be reported before execution...

From Investopedia