₦airaland Forum

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

Interesting..
Thank you for the insight and clarity.

It's probably going to create more volatility in some stocks and hence liquidity.

Also it's possible that after disclosure to Ngx, the same insiders change their mind on the trade. This can gives room for Price manipulation I think

ositadima1:
Yes, I have them here. Do you have any other questions?

1. Paul Tudor Jones
Specialty: Macro trading
Notable Achievement: Successfully predicted and profited from the 1987 stock market crash (Black Monday) by using futures to hedge against market downturns.
Net Worth: Estimated at $7 billion (2024).

2. George Soros
Specialty: Global macro trading
Notable Achievement: Made $1 billion in a single day by shorting the British pound in 1992 (known as "Black Wednesday".
Net Worth: Estimated at $8.6 billion after substantial philanthropy.

3. Steven A. Cohen
Specialty: Stock trading, hedge fund management
Notable Achievement: Known for his high-frequency trading and ability to capitalize on short-term market inefficiencies through SAC Capital Advisors.
Net Worth: Estimated at $17 billion (2024).

4. Jim Simons
Specialty: Quantitative trading
Notable Achievement: Founder of Renaissance Technologies, which uses mathematical models to generate extraordinary returns through algorithmic trading. His Medallion Fund is legendary for its consistent high returns.
Net Worth: Estimated at $29 billion (2024).

5. Bruce Kovner
Specialty: Commodities and currency trading
Notable Achievement: Turned $3,000 into $45,000 trading soybean futures and later became one of the most successful traders through his hedge fund, Caxton Associates.
Net Worth: Estimated at $6.6 billion.

6. Richard Dennis
Specialty: Futures trading
Notable Achievement: Co-developed the "Turtle Trading" system and reportedly turned $1,600 into $200 million in about a decade through commodities trading.

7. Carl Icahn (as a hybrid example)
Specialty: Activist trading
Notable Achievement: While he is often considered an investor, Icahn's activist trading style, which involves taking significant positions to influence company policies for quick gains, differentiates him from pure investors like Buffett.
Net Worth: Estimated at $23 billion (2024).

8. David Tepper
Specialty: Distressed debt trading
Notable Achievement: Founder of Appaloosa Management, known for profiting massively during the financial crisis by buying distressed financial stocks.
Net Worth: Estimated at $20 billion (2024).

Jim Simons-Renaissance Technologies
I have read about that man.
That guy is a wizard.
Even when the world was under performing. His Hedge fund was pulling stunts..
Na wizards full him company
He has a rich story on Wikipedia alone.

crownprince2017:
Can we say it was a bad investment that time is my question?

This is a case of the End justifies the means.

Flourmill is a good business anyday any time
-consistent dividend.
-You are equally also almost guaranteed return of your capital due to usually non-volatile nature within a time frame.

But return on your investment, mmmm... I doubt(unless less than 10% dividend yield suits you or invest by yr end 2025)

Without the buyout clause that caused the rally..
Did you forsee Flourmill giving you up-to 9% dividend yield or Bonus issue, or approaching this selling price of ₦60 by year end not to mention it's current price of ₦80, no matter its impressive revenue?


Aside the current bull run which is inorganic/setimental)
Flourmill Average price since February 2022 is between 32-33.

It's dividend yield (2023 & 2024 Average price) are both less than 10%.

The buyout price as KarlTom stated is the reason for it's bull run on Selling price so far.
I doubt it would have crossed 50 this year organically.


Point is, I don't think it was the right example to drive your initial point.

Seems NGX mulls change in Reporting of transactions by Major shareholders and Directors amongst others.

https://www.vanguardngr.com/2024/11/ngx-proposes-amendment-to-trading-license-holders-rules/

Raider76:
Where's everyone? Is the bear that bad?

Panadee:
We’re at the bear parlour

Lol

How about this?

Investors-(1year and above)
Tradevestor(3months-1yr)
Traders(1month-3months)
Jijoist(1day-1month)
No mind me Oo.

Locotrader:
@ Payunsin
Pa Emma is referring to investors like him not you trader.

When you see such posts,just pass .

Na greedy investors get the talk

Spot on..
That's an issue in this thread.
Investors quoting traders and traders quoting investors.

Raider76:
Thought there was recently some capital injection from a middle eastern source to meet that capital requirement.

Yes. ur correct.
But still yet to meet requirement I suppose.

KarlTom:
I saw this article:
https://nairametrics.com/2024/04/22/okitipupa-oil-palm-plcs-rights-issue-shrouded-in-deception-and-legal-controversy/

Doesn't look different from FBNH ownership tussle.

KarlTom:
I'm trying to read between the lines...

What if DANGREFINE wants to make JAIZ their main bankers 🤔.
That would mean an International license and SP BOOM!

Let's be on the lookout for a capital raise by JAIZ. I believe DIL will increase their stake significantly...

At the bolded: 7.24% by H1

On the International banking licence, its unlikely at present.
Not when they haven't raised the Capital requirement for their Present National Banking(non-interest)licence category.

emmanuelewumi:
6% dividend is small na, at least 30% of earnings should be paid as dividends

I think he meant dividend yield

KarlTom:
Dangote CFO appointed as NED in Jaiz Bank 🤔

Not surprised.
I think Dangote is one of the larger shareholders of Jaiz bank.

You can check the shareholding structure.

Ades1:
This reminds me of when I told Pa Emma then that any company that does not pay a minimum 6% dividend this year is gone, he said most companies will not pay that 6%. I said if they don't, they'll get sold!


Boy! I am happy I stood my ground, the main companies that did not meet this small test were Sugar, Sterling, Maybaker, Lasaco and MTN, they all got sold. It's all numbers, no emotion.

Welldone..
it takes courage n discipline to be firm with a decision in the face of sentiments lurking around.

eee no easy at all.

Sunrisepebble:
https://punchng.com/hitech-to-complete-abuja-kano-road-after-julius-bergers-removal/?amp

Bit worrying for JB owners like myself. Seems they have issues with the present administration, or rather the present administration would rather give their friends, Hi-tech, contracts

You may be right.
Issues with present Admin but good rapour with FCT Admin.

Agbalowomeri:
Technically, Dangote Refinery is not a local industry. It operates within the free trade zone and products from there could be considered as importation too.

What are the implications of total deregulation? Isn't it to allow all-comers in the market, whether importer or local? And the government is meant to hands-off totally? Why is Dangote chasing after government protection when the refinery is operating in a free-trade zone and not liable to pay some or any taxes to the government?

You have a point. Not totally local.
Much like opposite of how countries embassy operate. Embassies dont belong to the geographic location but their faraway home country and I think they are given a little leeway in terms of rules of the geographic country.

So DR in the Free trade zone seems more an international company with more leeway international trade laws compared to purely local and indigenous refinery subject to local laws.

Richtaiwo:
Yes, read the caption again. Did you see FAAC there? How did FAAC get into this thread? Of course you ignorant jumped into FAAC without even knowing what it is about.

FAAC is there on the image.
You aren't engaging him factually, just insulting him.
An evasion strategy.

KarlTom:
Actually, the deal with NNPCL involves a crude swap in Naira. This, I think, is what is attractive to Dangote.

@SpaceX might have a point except NNPCL would not relinquish their stake nor let go of the deal...

Probably why NNPCL refused to buy more DR stake. Cuz they have decided to import themselves.


He shld focus on external market particularly within Africa as @Peace stated.
But I think Nigeria has got the Population and probably quantity required within Africa ..
(Too big for DR to Ignore)

GeeKudi:
.....and, how do you delete a post, please?

Below your own post, along the line where you see (Quote) and (Share), you will see (Modify)

Click on (Modify) and it will take you to an editable page of your post where you can modify your post including delete as you please.

Agbalowomeri:
Person wey buy and forget am there will always outperform una wey dey monitor market

Fixed!!
Though not necessarily in terms of volume over time

aj8:
Help! Please how does one quote more than one previous post in a fresh post?

-->When you quote the 1st previous post, you copy the entire post. Then exit the page.

-->Then go ahead and quote the 2nd previous post.

--> paste the 1st previous post(that you copied) before or after the 2nd previous post you just quoted(depending on the order you want to place them)

--->then comment a fresh-post below the two quoted previous posts.


-------------------------------------
For 3 or more posts,
You could paste the 1st previous post somewhere.

OR
Most phones and computers thesedays have clipboards for storing multiple copied items temporarily.
you can copy as much previous post as you like and search them on your clipboard to paste accordingly in your fresh post.

OR
You could open two Nairaland tabs(previous post page and fresh post page ) on the computer or your phone and copy and paste desired content from one tab to the other tab.

Capitas7:
Follow-follow without growing in knowledge in this market na highway to winning big and losing all. After many years of amassing money in the market, it will be time for children to inherit everything.

1. If your approach has been to follow the money and follow the picks on NSEMPA without knowledge, where would those children go to for picks?

2. With what knowledge, how will they manage the inheritance? Gamble all in the market?

Hmmm.. Fixed!!

zendi:
Emma is an eminent analyst nonetheless. He knows the history of Oando from Unipetrol. He is not against Oando or Oandites, but is highly critical of the governance.

Fixed!

ositadima1:
I bet you've never used ROIC—Return on Invested Capital—or am I the only one familiar with it?

I have heard about it
(Debt + Equity).
I haven't used it (yet).

Though I would assume a lender(bank) would use:
Return on Debt(ROD)

Just as Investors-Shareholders usually will use ROE or ROIC as you highlighted.

ositadima1:
Terminology can be tricky, but defaults are real, even with collateral. A bank won’t lend money if it senses issues with collecting interest payments—are you aware of this?

I agree.
servicing of debt is key.
They must have seen positive pointers in the company.

I just don't usually classify banks as Investors.

ositadima1:
We have equity holders (or shareholders) and debt holders—both are investors, and both carry risks.

Just like shareholders, debt holders or lenders perform due diligence before committing their money. If a company truly had no prospects, as my Oga Emma suggests, no bank would lend to it. It’s that simple.

Just seeing this.
Debt holders as - Investors
OK. we learn everyday

ositadima1:
It seems like you bend things to suit your view when it’s convenient. Banks are investors. A company obtains funding in two ways: debt and equity, and both are forms of invested capital.

@the bolded. Correct, I agree.
Both are Forms of Invested capital to both the Company and Shareholders.
But to the bank I don't think so. it's not invested capital. It's a debt that must be paid back according to the agreed structure.
otherwise court-case.

ositadima1:
My argument is that banks are investors. Anyone who lends money to a business is an investor because their return isn’t guaranteed.

If Oando was able to raise 1.3 billion dollars, it’s clear that lenders have confidence in recovering their principal. This is basic finance.

I don't think I agree with this.

1)Deducting from u guys argument, Banks are generally assumed to be lenders unless categorically stated as investors and even if so, such banks should also be found in the shareholding structure of companies I think(at least as Influential shareholders if not Major shareholders)

2) Banks return as company lenders are guaranteed through collateral.
(worst case)

Investors return isn't guaranteed.(worse case)

I believe you know all these. You are just pulling legs

mails4funshi:
Clearly, the stone that the FBN Securities and the likes rejected have become the "cornerstone" elsewhere.

Lol. Nice wordplay.
"Cornerstone" aka "Cardinalstone"

Sunrisepebble:
There’s nothing wrong with the company, it is very solid and it pays good dividends. There was a release in Bloomberg today, the SPDC deal is even back on. If you’re an investor, you won’t be worried about dips in a strong stock, unless you’re gambling, but some people jumped in thinking they’d make quick money. I’m just clearing the air in case people think I was MH. I advised on everything down to the risks

I believe you did the best you could, even if it it had gone upward.
You even indicated you sold before it listed.

There were pros and cons in the thread.
People made their choices. No one shld blame anybody.
But learn from it.

Weldone.

emmanuelewumi:
In 2008 FBN securities asked clients whose portfolio was less than N5 million to transfer their accounts to other houses.

Cardinal Stone was newly established then, they just captured the clients given Red card by FBN securities, fast forward to 2020 and beyond Cardinal Stone started getting more businesses than FBN Securities

Imagine.

Typical First bank businesses
First to start, bottom place years later.🤦

Nigeria Currency
#From a Data Analyst.

https://leadership.ng/need-for-nigeria-to-introduce-new-currency/