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Investment › Re: Treasury Bills In Nigeria by cooldudeng(m): 7:41am On Jan 24, 2019

I believe I-invest is backed by Sterling bank. Did one T-bill investment with them when they started and it was swift

The only reservation I have is that the interest earned is not upfront and even the rate on offer are also low

So if you are re-investing my interest, I expect a higher interest rate than what is applicable in the market, hence it’s just some FD with a rate higher than the banks

3 Likes

Car Talk › Re: A Tribute To My Infiniti G35x 2007 by cooldudeng(m): 12:21am On Jan 22, 2019

@HeavenlyBang

I’m sure I must have missed something because if xylene cost 2k per litre (according to 9icetoo) and about 5litres is required for a 80lites mixture.

The implication is that 10k of xylene would be required which is way more than Aunty Radu octane booster

Again, I want to believe I’m not reading this right.

Kindly clarify

Car Talk › Re: A Tribute To My Infiniti G35x 2007 by cooldudeng(m): 8:20am On Jan 19, 2019

nwanneni:
different?
Well,let's hope your wallet is different as well.
And i tgink this car REQUIRES premium fuel,and not recommend.
Well,i wish you goodluck on this new path you've chose,
Nwanneni

Thanks Readonee35L & Nwannemi,

No be only me need premium fuel. There are lots of cars in Lagos that do. I also believe “premium” has a lot more to do with the octane rating. I think Nigeria is currently on 89 while the minimum premium starts from 91. If he too add, I go use octane booster! The gurus can jump in.

As for the wallet, Na something must kill a man. Maybe I go just reduce the beer time (on a lighter note)

However, it will be more of a weekend car. My crib to my office is pretty close, so the camry can continue that route.

Car Talk › Re: A Tribute To My Infiniti G35x 2007 by cooldudeng(m): 11:06pm On Jan 18, 2019

Thanks to this forum and @HeavenlyBang continuous post on the Infiniti G series

I just secured a 2010 Infiniti G37 Coupe. I can't wait for the car to arrive in Nigeria

I would have gone for the sedan but I kinda love the shape of the coupe better. Was actually shopping for a 2008 but landed a 2010 instead

I know there are reservations around the type of fuel to use but we will be alright las las

Can't believe I walked away from shopping for a Benz. Guess, I just wanted to be different!

Any 2010 G37 coupe owner in the house?

2 Likes

Investment › Re: Treasury Bills In Nigeria by cooldudeng(m): 1:45pm On Jan 10, 2019

I Know there's been a long debate on this

What happens when you bought T-bills at a low amount and then the prices go up. Does it make sense to sell and jump in again? Hope the gurus will help out

Using real examples

A 1million bought at 11.15% in August 16, 2018 for 364 primary market. Does it make sense to sell now?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cooldudeng(m): 12:53pm On Jan 09, 2019

Chibuking81:
For those that listened to earlier bonanza announcement when cash was the king, please enjoy, truly bonanza Sweet.

So where are the opportunities. Which stock should one target for quick wins. Already took a massive hit on Access bank (being a learner that i'm )

1 Like

Properties › Re: Construction Of 4bedroom Duplex @ Igondo Lagos by cooldudeng(m): 3:10pm On Jan 06, 2019

In addition to the conditions listed, the size of the build should also be considered.

Autos › Re: Tokunbo 2009 Mercedes Benz C300 @3.9m (kaduna)SOLD!! by cooldudeng(m): 9:24pm On Oct 22, 2018

Really clean car!

Happy selling

Investment › Re: Mutual Funds by cooldudeng(m): 7:34pm On Sep 25, 2018

ajeleomo:
Bros are you indicating MMF will not rise? What if you buy TB @13% for 182 days like u said and after 30 days MMF have risen to 13.5% and fluctuates around above 13% for the rest of the tenor, Will you call your TB trade a good deal?
This is the reason TB fixed rate MUST significantly be highly than MMF as their is tendency for MMF to rise

Hope you also factored in the fact that you get *all* your "interest" upfront. So technically, a 13% TB, actually has an effective yield of 15% (r/(1-r)), if all the upfront interests are reinvested. However, some mutual funds, interest are also compounded either monthly or quarterly.

Overall, it depends on the investor. A TB investor could want to preserve his/her principal while the bulk upfront interest is used to chase other opportunities. For Mutual, it might be the preferred route for a salary earner looking at cultivating a monthly saving habit

1 Like

Investment › Re: Treasury Bills In Nigeria by cooldudeng(m): 8:24pm On Aug 17, 2018

How did you arrive at 12%? I don't believe Stanbic did that on the 364 tenured bill. Mine was like 11.15% from Stanbic for the same tenor

mollie12:
I just got debited today (Thursday) for the August 15 primary market auction. Rate was 12% for 364 days, from STANBIC bank. Not bad at all.

@Others, any updates from the latest auction? Please share your stories.

Investment › Re: Treasury Bills In Nigeria by cooldudeng(m): 11:47am On Aug 01, 2018

naijaobi:
92 days 10%= 25,205 naira interest

182 days 10.2% = 50,860 naira interest.

Both interests are exclusive of bank charges

The rates are rather low

Stanbic is doing 11.35% on 204 days

2 Likes

Investment › Re: Treasury Bills In Nigeria by cooldudeng(m): 9:23am On Aug 01, 2018

ernie4life:
To those that may be interested,

Lafarge commercial paper

Tenure 120days
Discount rate 12%
Effective yield 12.49%
Minimum of 5m
Closing Date is this Friday 3rd August

Contact me if interested

Sir, using a 5 million example what will be the actual yield

Some of us are pretty new to commercial paper

Cheers

Investment › Re: Has Anyone Successful Register His Company Via CAC Online? by cooldudeng(m): 7:52pm On Jul 30, 2018

It's very doable.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cooldudeng(m): 6:41pm On Jun 05, 2018

Mpeace:
Why is it that Uba and Access hardly go on full bid?

Imagine being loaded on both.

Those two are brothers. They just keep exchanging "baton".

One will "rise" today and "fall" the next day while the other will "fall" today and "rise" the next day. Net, one is just close to the same spot.

As a newbie that started again in December last year, i'm still learning but it's been an interesting one.

However, Fidelity don show me. I'm just hoping i will covert the "private university" tuition to JAMB lesson with this bull ride if sustained.

2 Likes

Investment › Re: Mutual Funds by cooldudeng(m): 12:23am On Jun 02, 2018

Nusah09:
House between mutual balance fund of 3.98% and money Market fund of 13.09%. Which one is advisable to subscribe

What's your investment goal. It's very important to have that clarity

Investment › Re: Bonds Investors Hub by cooldudeng(m): 11:37am On Jun 01, 2018

Egie4real:
Exactly what I was thinking about. This thread has really been impactful!
But why would bond be sold at a discount? Could it be desperation to offload the bond?

The going rate is influenced by interest rate

Take for example, let’s assume I bought a bond 5 year bond at say 12% coupon rate. When interest rate goes up say from 200bps (+2%), this wold likely impact on other investment vehicle say T-bills and newly issued bonds making them have a higher yield or coupon rate. Hence, investors will shun existing bonds and a bond holder that’s willing to cash out will have to sell at a discount so the effective yield can be attractive.

That’s the inverse relationship I was taking about. Oga awesomeJ can add a piece to this. Me sef na still learner

1 Like

Investment › Re: Bonds Investors Hub by cooldudeng(m): 1:08am On Jun 01, 2018

Egie4real:
Hence from your explanations, it is always more profitable to purchase bonds at the secondary market?

Not exactly.

If you read up the trend, you would see that for the short and mid-term bonds, they are sold at a premium in the secondary market e.g Feb 2020 being sold at over N100 per unit (about N105.04). The implication is that, if you were to invest 10million now, you will only get 95,201 units (10,000,000/105.04) and on maturity that will be 9,520,100 (looking at just the principal) as against the N10million invested.

However, the coupon, being interest earned would have paid off for the loss on maturity. So net, you still would make a profit considering the subject bond has a coupon rate of 15.54% meaning that (95,201 * 15.54) N1,479,423.54 would be paid annually over a 2 year period. Also, based on the fact that the bond is even 3 months gone from issuance (issued March 2018), you won't have to wait 2 years but 21 months to get the aforementioned payment in full since the first interest as not even been paid and would only be due in August (6 months after issuance). Net you will get a total of cN12.5million from an investment of N10million

Now do the maths for someone that actually bought at par (N100) and his planning on waiting till maturity. He would have earned more

Please note that bonds are impacted my interest rate (inversely proportionate) and this risk is only eliminated when you wait till maturity.

The Gurus in the house can confirm the above computation as this is based on my research.

I never get the entry level money to do bond.

5 Likes

Investment › Re: Bonds Investors Hub by cooldudeng(m): 8:40pm On May 31, 2018

awesomeJ:
So I've used the figures you posted earlier, but the yields are got are not exact. I thought perhaps the figures were published on a date different from my assumption, so I decided to use figures from the DMO's site, still, there's a slight difference.

So I there's still something missing from my analysis. Maybe I'll find it, or maybe someone else here will. The latter is more convenient for me.

Thanks for taking a good stab at this!

Finally got through to them and i was advised to focus more on the implied price and the coupon rate. Would still continue with my research to see ho the final figure was arrived at.

Cheers

Investment › Re: Bonds Investors Hub by cooldudeng(m): 8:38pm On May 31, 2018

akinola98:
I called my sharebrokers ( GTI) to purchase FGN bond from the secondary market but I was amazed when I was informed the minimum amount to buy is 100M naira
Is that right across the board

I know the minimum for primary market is 50M but never knew it was higher for secondary market

Anybody with ideas please?

It varies with company. Afrinvest minimum is N20Million

Please not that this is not a sales pitch as i do not have any relationship with them. Do your due diligence, i'm sure there will be other company that are willing to sell with a lower entry amount. You can as well start an investment club with your friends of like minds where funds are warehouse and invested as a lump sum.

Investment › Re: Bonds Investors Hub by cooldudeng(m): 10:36am On May 30, 2018

awesomeJ:
All your assumptions are very correct sir.
The offer (%) should be the yield to maturity.

I will try to crunch the numbers tomorrow to show how the implied price was obtained.

Thanks! Would be looking forward to it. What is the offer % about?

Investment › Re: Bonds Investors Hub by cooldudeng(m): 11:25pm On May 29, 2018

The below rate schedule was culled from an investment bank mail as at last week. It will be great if someone can help share more light on the below

Bond Tenor (Years) Offer (%) Coupon Rate (%) Implied Price (N)
Feb-20 2 12.50 15.54 104.55
Jul-21 3 13.40 14.50 102.71
Jan-22 4 13.35 16.39 108.57
Mar-24 6 13.40 14.20 103.11
Jan-26 8 13.30 12.50 96.18
Mar-27 9 13.40 16.29 114.64
Jul-34 16 13.20 12.15 93.01
Mar-36 18 13.25 12.40 94.19
Apr-37 19 13.20 16.25 121.01

Using the Feb - 20 bond as an example, I would like to really understand how the bond work

Below is my basic understand and do correct me if I'm wring

" This is a bond that must have been issued at a unit price of N100 on March 2018 (since tenor is 2 years)
" Coupon rate is 15.54% meaning, N15.54 will be paid in a year per each unit held. This I believe will now be bi-annually at N7.77 with the first payment due in August ( 6 months after)
" For one to buy into it now, you will have to buy at the implied price of N104.55 per unit, hence at a premium

What then does the offer (%) mean? Are all my assumptions above correct?

1 Like

Business › Re: Investment Opportunity In Packaged Water Business by cooldudeng(m): 7:25am On May 10, 2018

@ Smartfeek

Kindly share the cost of setting up a bottle water production outfit.

Please include the detailed list of machines and their respective costs

Email is olakanmi80@gmail.com

Thanks in anticipation

Cheers

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cooldudeng(m): 8:03pm On Apr 27, 2018

Thought F was First Bank

ukay2:
I only like and do business with the UZ.banks.....F never show FY17 result.......maybe monday evening

Autos › Re: SOLD! Toks Toyota Camry SE V6 2008 Model by cooldudeng(m): 5:00pm On Apr 05, 2018

elshanAutos:
Sorry, but I can never do that no offense meant.

None taken. Great paint job!

Autos › Re: SOLD! Toks Toyota Camry SE V6 2008 Model by cooldudeng(m): 2:39pm On Apr 05, 2018

Was this resprayed in Nigeria?

If yes, please help with the contact of your painter

1 Like

Properties › Re: How To Do/collect Survey Plan And Cof O by cooldudeng(m): 2:05pm On Feb 23, 2018

Pls i told a surveyor to do a search on a land, if its free from acquisition? He came back two days later and told me its not... How do i confirm what hes saying is true? Pls respond[/quote]Get another independent opinion.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cooldudeng(m): 2:03pm On Jan 16, 2018

currentprice:
brought forward his left over of 36m friday and 42m of yesterday has gone.

buyer are ready for him

cc those asking for what to buy. opportunity might not be there 2morrow or there with extra premim

Thanks!

Loading more already.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by cooldudeng(m): 11:16am On Jan 16, 2018

currentprice:
bro everybody is busy making money, nobody see your post

with situation in the market right now my opinion on what to buy with your money is ACCESS bank. the bus might start moving toward N20 soon

Any other recommendations? Loaded on ACCESS since December last year. The thing just they drag leg! Closely followed by this twin UBA.

I beg help a brother out. Transcorp that I gambled with after seeing Loco don make money moves sef at 50%

Investment › Re: Re: Buy Ripple & Tron For The Future Today! by cooldudeng(m): 10:49am On Jan 04, 2018

greatnaija01:
well WHETHER DEEP OR NOT... Here is my review since Last year January, so ya'll better get clear and begin going for new coins.

I wish u all well.

Looking at it slightly differently. It’s looking more like Diversification. Staking $2000 at $100 per coin type would have delivered that total. Some over performed while some under-indexed. Net - Net you are way better off

Investment › Re: Re: Buy Ripple & Tron For The Future Today! by cooldudeng(m): 10:42am On Jan 04, 2018

wx9Z:
And the funny thing is that Tron is only listed in Binance yet!!!

Imagine when other bigger exchange list it.

Maybe wait for a dip and jump in the train, I'm riding Tron till it hits 1$.

I'm always giving out cheaper Crypto that's affordable for everybody. I got in Tron at 0.03$..

Let's make this money!

Waow @ 0.03

Decked and loaded. Patiently waiting for the pullback

Investment › Re: Re: Buy Ripple & Tron For The Future Today! by cooldudeng(m): 10:40am On Jan 04, 2018

lindashealthwat:
Buying lots of quantity as you did, you see your profit fast.

But if its buying lesser quantity of ripple for instance, will be better you go for QTUM, which is less than a billion coin in circulation and will probably hit over $1000 before it reaches coin cap of $250billion bitcoin is at now.

Quite an interesting analogy and it does make sense too. Would look “em up

But for those that buy less than 7 ripple hopping it will hit $1000.

I didn't say its not possible but I don't see the possible to pass bitcion $250billion market cap, though its at $110 recently even if its reaches $250 1 ripple will be equals 6-7$

Even if it succeeds to double the bitcoin coin cap, that is about $500billion; 1 ripple will still be less than $18

So to succeed in ripple and to get a good presentable profit; it is to buy much of its coins. Not $20, $10 and there about

Investment › Re: Re: Buy Ripple & Tron For The Future Today! by cooldudeng(m): 8:07am On Jan 04, 2018

Stumbled on the first trend on New Year day and decided to take the risk of investing just 1 ETH bought from luno @ N288k in XRP (Ripple) via Binance as advised.

I got about 367 XRP for about $1.96. In less than few days XRP is already above $3 ( $3.22 as at the time of this post). Close to 62% profit Margin if I decide to walk away as at now. The only regret I have was why I didn’t stake more.

Also, saw your post last night on TRX. Was too lazy to jump on it because I was sleepy. Woke up this morning and I almost “died”. TRX had moved from $0.09 to $0.16. In one night! That’s about c80% in just a night. Don’t know what I can call it but I definitely following your post bumper to bumper. If trend keeps getting deleted please start a Whatsapp or Telegram group.

Caveat for the Novice: This is not a buy or sell recommendation. Please note that crypto is a very volatile investment vehicle, hence the risk is high. Only play if you have “balls” of steel.

4 Likes

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