₦airaland Forum

Adinije:
Both your formula and his formula got me the same answer but 17k shares cannot breakeven.

ojeysky:
I considered all o but ultimately Na my decision.

Laso09:
Good job.
But how will that affect the shareholding structure?

Omooloriredade:
SEC is yet to approve the results of the RI was what I meant. So No, the debt was not "officially" offset by the proceeds of the RI.

SEC granting approval to proceed with a capital raise is different from approval for issuance and listing of new shares. Note 17 clearly states the later is yet to be approved.

Laso09:
Thanks, could it be that the owner have already deposited money for the RI

Omooloriredade:
I'm inclined to think so at this stage too.

unite4real:
This is 3 months earning and when you calculate the forward earning, you have to multiply by 4 to get the annual figure

So yes, they are correct.

jedisco:
Does any Nigerian broker offer a passive ETF of NSE 30 or different sectors of the share market?

unite4real:
It depends on your knowledge and how you play with figures.

look at the following scenarios with 1M Naira investments

1. Invested in NGX to buy for example, UCAP 4 months ago at N17 per share and sold above N34.
Asset value is now above N2 Million

2. Bought Tesla or Apple (USA stocks) which did average of 30% within same period
Asset value will be around N1.6 Million after all conversions

3. Bought USD with the amount and sell now. USD has gained around 20% over the Naira during this period
Asset value will be N1.2 Million

4. Invest in Bitcoin and convert back to naira. BTC has gained like 5% and when you convert this to naira
Asset value is N1.4 Million

During this period,
NVIDIA (USA Stock) which was high flying did about 37%
UCAP (NGX) high flying did 134%
Most money market fund are at average 20%
USD gained 20%
BTC because of fluctiations did 5%.


is it to put your cash in rental real estate and be getting 5% per annum as rents

The ultimate goal is to diversify. There are lots of investments and i can tell you that some USA stock did far better than select Nigeri stocks while some Nigerian stocks trump most USA stocks.

It's all about doing your due diligence and follow the money.

Some of my calculations may not be accurate but i just pass the message

Streetinvestor2:
Abeg oh.I no send watin anyone says about oando.I did not buy because of any recommendation. I bought based on personal conviction as a bet and added more because of my street sense.I see wale as street man too.And as a street sense .Why make what I would have achieved easily (delisting) more difficult or expensive for me now.The only reason I will do that is I have changed my mind or put it on hold to achieved something else first.
Do you know how easy it would have made delisting easy if oando remained on suspension in jse,bring out bad results like IB.This would have made the company look like a situation heading for the burial ground. The second shareholders who want to be joined in the case and remaining minority shareholders will be the ones begging him to come pay them #7.07.Wale na street like me.He was behind the first shareholders that went to court. He wanted to explore the legal system as I said long ago.
His dance step has changed and my too has changed .I am only trying to follow the money. I used this street sense for transcorp plc when it was 3 plus,chams less than .50kobo and equally saw it in dangota rice.Therefore I don't need anyone approval because it has not failed me.It is my money and not borrowed fund.And over 20yr of my life in this business is not a joke. My target for first buy is #20 and second is #30..This is sure bet for me

emmaodet:
I know bro but i do sell my shares on Ucap and my ucap account is credited almost instantly to allow me but another shares instantly.

emmaodet:
Okay bro, Thanks but then, does it meant Investment-One don't operate direct settlement to my stock broking account instantly? instead of waiting for 3 days after every transaction.
I opted out from the direct settlement so that i can be selling and buying stocks almost instantly rather than missing out from a trade due to 3 days delay

GracefulLau:
Ding!

Ginalex:
Ding

BullBearMkt:
@dapix and @KarlTom; example of local healthy competition

Toluway:
That is a fundamental part of African problem. So, we'll remain in our natural state of circular mode of progress.

SonofElElyonRet:
Corruption endemic...

The embattled Minister of Women Affairs, Uju Kennedy-Ohanenye has said that she was allegedly being victimised by some cabals in government because she refused to sign a $500 million World Bank loan request.

On July 10, 2024, a near physical confrontation between Kennedy-Ohanenye, and the House of Representatives Committee on Women Affairs and Social Development was averted at the National Assembly Complex, Abuja, where the minister had appeared to clarify the controversy surrounding her alleged diversion of N1.5 billion meant for the payment of contractors by officials of the ministry.

But speaking with THISDAY through a phone interview, the minister said that “There is a $500 million loan that was meant to be signed by me, but I refused to sign. There was also a case of $100 million earlier as well. Find out what it was meant for.

“All the loans they collect, including World Bank loans, etc, are you aware that the same World Bank staff in Nigeria takes back 40 per cent and calls it consultation fees?

“These are things you people should look into. You people should focus on where the problem is and let them leave me alone.”

She added: “Now, my life is at stake because I refused to sign the $500 million loan. Let me tell you, if I sign that loan today, I am entitled to five per cent of the money, but I refused to sign it. It is part of why the National Assembly and all of them are after me.

“And that 40 per cent they take is a secret, I found it out. Why should anybody give us a loan and you still direct us how to use the loan, and you take 40 per cent and provide us with a consultant that will take it, and they will take it?

“I told them $100 million is too much to use to teach our women how to save money, we can teach them, let them bring the $100 million and give it to those women and use it to know what to do with their lives."

https://dailytrust.com/tinubus-minister-national-assembly-victimising-me-for-refusing-to-sign-dubious-500m-loan/

dapix:
Ding

SonofElElyonRet:
Ding!

KarlTom:

SonofElElyonRet:
Ah ah... you be bot

nosa2:
If one is really interested they can buy after mark down. Though I don't get why anyone would be chasing bonus shares

ositadima1:
It is the beauty of diversity: you use your unique approach to arrive at your own estimate, and I used mine. You mentioned your years of experience as your basis; I described my method for those interested in my approach (though it's not for everyone). I'm happy that my result and yours are consistent.

By the way, it's not advanced calculus(it is not even my invention). It's just the standard discount method where you discount future cash flows (in this case, dividends) to present value. I assumed that dividends would grow annually by an average of 1% for the next 100 years. Each year, I discounted the dividend for that year back to today's value.

For example, considering treasury bills, 100 naira invested today will be worth 120 naira one year from now. So if somebody promises me 120 naira one year from now, discounting it to present value will give me 100 naira. Therefore, there's no difference between receiving 120 naira one year from now or 100 naira today (LOL, in finance ooo, but for me, you better give me that 100 today).

For the discount rate (equivalent to the interest you would get on bonds), we have variations over the years. I've seen 6%, 10%, 15%, and presently 20%. The challenge is deciding which one to use. So, I looked at past interest rates and determined the frequency of each.

The Monte Carlo simulation's job was to randomly use any of these interest rates, taking historical frequency into account, to calculate the dividend discount over a 100-year period. I ran the simulation 100,000 times and extracted worst- and best-case scenarios, which you saw above.

It's not a big deal.

ositadima1:
FA for totalenergies, hit or miss?

Let's analyze the financial data for TotalEnergies Downstream Nigeria from 2021 to 2023.

Key Financial Ratios Analysis

immortalcrown:
You are wrong here.

The school can be punished in many ways. Denying the schools accreditations for certain programmes for a certain period of time can be a punishment. Sanctioning the VCs or the admission officers is another example. These two examples do not affect students.

immortalcrown:
The schools can be punished without the students being affected unless the students are deliberate accomplices in the offense.

immortalcrown:
I don't understand why you ask this.

immortalcrown:
Punish those schools.

:
Leadership News
See List: JAMB Busts 86 Varsities, Others Making Illegal Admissions
Written by Henry Tyohemba 4 seconds ago
Horse Racing World Cup Underway In Nigeria
Analysis of data on the admissions conducted for the 2022/2023 academic session in Nigerian universities, polytechnics and other tertiary institutions of learning revealed that 88 institutions conducted admissions outside of the Central Admissions Processing System (CAPS.)

According to JAMB, admissions conducted outside CAPS are illegal, null and void.

In a statement titled, ‘Cessation of illegal/irregular admission’, JAMB reiterated that all applications of admissions to First Degree, National Diploma, National Innovation Diploma and the Nigeria Certificate in Education (NCE) into full-time, distance learning, part-time, outreach, sandwich, etc., must be processed only through JAMB.

The report tagged, ‘Compiled assessment of institutions on compliance with the 2022/2023 admission guidelines’, scored institutions who complied fully with admission guidelines 10 points; those with partial compliance were scored five points, while those institutions who failed to comply were awarded zero point.


Under the section for the conduct of full admissions on CAPS, our correspondent observed that 88 institutions failed to comply.

Some of the erring institutions are the University of Uyo, University of Abuja, Olabisi Onabanjo University, Yaba College of Technology, Plateau State University, Ladoke Akintola University of Technology, Federal University of Technology Owerri, Coal City University, Crawford University, Crescent University, Ebonyi State University, Rhema University, Borno State University, Chrisland University, Federal Polytechnic, Nekede, Alvan Ikoku College of Education, and Chukwuemeka Odumegwu University.

sky2891:
So, what happens now with common sense that the EPS of Q1 is 0.82 or is it 0.41?