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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:09pm On May 29, 2024

2zona:
Who really spends and utilizes these funds invested on the stock market. Like when I purchase shares of say zenith bank worth 1million naira and my account is debited. Whose account is actually credited and what will that 1 million be used for?? I really want to know please.

It's a buyer and seller market. Someone exchanged their zenith shares for cash, so they get your 1m while you get shares worth equivalent units of shares

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 8:55pm On May 14, 2024

Mpeace:
Seplat has not paid dividends yet.
Full year 2023 dividend and special dividend will be paid May 29,
Q1 2024 dividend will be paid on june 14.

Maybe you had outstanding dividends that just came in.

Or them dey compensate you for today's 10% loss. I go just dey monitor my phone whether them go also pay me. Lol

The payment narration was termed seplat dividend 5-8, came in 4 tranches. Maybe it was for another company named wrongly

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:37pm On May 13, 2024

I got 4 different dividend alert for seplat today. Asides the special and final dividend, was any other dividend declared?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 8:11pm On May 10, 2024

Shalom428:
I have quite a few of long dated FGN Bonds between 15 - 20 years . They serve as cash flow and some other purposes.

The money I put in Tbills at the moment were originally meant for stocks but it does look like we are yet to see the bottoms of some stocks I have eyes on .

So instead of leaving them idle in savings account and getting measly 5% , I decided to put them in Tbills , compound them , as I continue to keep my eyes on the stocks I've penned down for purchase

Shalom

Thanks for responding.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 10:16pm On May 09, 2024

Shalom428:
Yesterday's stop rate was 20.7% which is equivalent to 26.1% true yield. Your bank can run it for you , it's quite easy.

There is a dedicated forum for Tbills , you will get more information there. I don't want to derail this trend.

Shalom

Mind sharing your thoughts on buying Treasury bill when you can probably earn same rate in bonds for at least another 3-5yrs since you don't trust the fundamentals of the economy at this time. Thank you

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 2:50pm On May 09, 2024

Payunsin:
Uacn on offer despite their impressive Q1 result

The result is not sustainable in Q2. Sales from PPE boosted the PAT .

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:40am On May 08, 2024

Willie2015:
Foreign Xchange gains...
With disposal of PPE ...
account for the increase...

Same with UACN

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:40am On May 08, 2024

KarlTom:
Div is 2.30 (actually 2.07 after WHT)
If UBA value drops 10% it'll lose 2.60.
Do the maths...

Traders are not looking for dividend

What played out in access pre-dividend mark down might be happening here as well. Access lost pre and post dividend mark down

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 10:30am On May 06, 2024

Gtco doing the lord's work while access still dey fear to cross 18naira cheesy

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 7:37pm On May 03, 2024

UBA's expenses for employees wages and salaries doubled in the qauter . That's a good thing to see. No be only directors emoluments go de increase upandan. CBN needs to allow the banks pay shareholders more dividends as well.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 2:05pm On May 02, 2024

megawealth01:
What will you now say of OANDO abi E no follow for their pair?

Oando no de do downstream again nau. Eterna's pairs are MRS, CONOIL, TOTAL

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:21am On May 02, 2024

megawealth01:
Q1 2024: Eternal Oil reports a pre-tax loss of N3.3 billion driven by FX losses

https://nairametrics.com/2024/05/02/q1-2024-eternal-oil-reports-a-pre-tax-loss-of-n3-3-billion-driven-by-fx-losses/

One will wonder how their pairs in the market makes profit while they continue to wallow in losses.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 10:02am On May 02, 2024

yMcy56:
Attached........from the 2023 FYE......

Tony doesn't own uba nominees

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 12:28pm On Apr 30, 2024

On NAHCO,

Excellent result by my own metrics. @currentprice @emmanuelewumi, what are your thoughts on the result.

I've got a few concerns to look at from the report.
Revenues increased from all areas under contracts with customers that contributed to the bottom line i.e passenger/aircraft handling, disinfection, cargo handling, etc. Are these from increase in fees charged to their customers or they had more businesses within the quarter. If these have to do with higher charges for services like we have seen with other companies jerking up prices due to higher cost of inputs or materials, I wonder how much longer it can be sustained to keep churning out great numbers every quarter. For people who fly frequently, with the rising cost of tickets, has there been increase in surcharges from your airlines. Thank you

NB: I am sitting on over 350% profit here with a dividend yield of 28%.

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:58am On Apr 30, 2024

I thought nascon wasn't exposed to any foreign denominated loans from all their previous reports. Over 3bn booked as FX losses accounted for the poor Q1 result.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 3:48pm On Apr 14, 2024

wanaj0:
Eku market ooo

Oga, drop one or nuggets from our elders corner as we see you like this cheesy

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 5:03am On Apr 03, 2024

Camoready:
Please any info regarding UBA or FBNH?

Expect update towards month end.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 8:38pm On Mar 31, 2024

3.12 naira is the dividend payout. Better to sit inside Zenith or gtbank if one is a dividend hunter or even nahco sef.

Share price might be propped higher like geregu in the future anyway.

dangle:
Transcorp Power PLC was listed in March 2024 on NGX by way of introduction. Hence it was not captured in the 2023 audited report. It is an event that happened in 2024, which will be captured in their Q1 2024.

However, I feel strongly that those who have bought into it will receive the meagre dividend as long as they have bought it on or before the chosen future qualification day.

My 2 kobo understanding of the issue.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 10:19pm On Mar 28, 2024

Prolificlife:
NIGERIAN AVIATION HANDLING COMPANY PLC proposed dividend of ₦2.54

I saw this in a group

The result is available on ngx

https://doclib.ngxgroup.com/Financial_NewsDocs/40726_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

Investment › Re: Crypto Currency Investors Thread by debeey87(m): 10:58pm On Mar 27, 2024

Chikacha:
Oga, I still don't understand this merge? Why would the price value of my Agix be 0.4 while the other one is 2. something. So if my AGIX was 12k USD now they will give me something worth 4k USD?

If you multiply the quantity you have currently by 0.433 or so which the exchange ratio with 2.82( the planned listing price), you might or might not loose some money depending on what closing price is used to calculate on the day of the swap.

For example, you have 1000 agix tokens.

Your new $ASI token will be 1000agix *0.433350$asi = 433.350 $ASI.

Current $AGIX value: 1000agix token * $1.321/agix = $1321
$ASI Value: 433.35$ASI * 2.82/$ASI = $1222.047.

Hope this helps

1 Like

Investment › Re: Crypto Currency Investors Thread by debeey87(m): 10:32pm On Mar 27, 2024*

GRACEGLORY:
If you are holding, AGIX, FET, or OCEAN on wallet, you’d need to transfer to exchanges for automatic conversion to ASI, before the conversion automatically takes place on exchanges. If you’re holding on exchanges, nothing to worry about, you’d have your coins in ASI automatically. Watch out as they proceed

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 2:33pm On Mar 26, 2024

I want to believe this has more to do with one's age wrt to risk exposure like @ginalex said. Thank you and to all the other contributors as well.

emmanuelewumi:
Personal finance experts believe we should subtract our age from 110 whatever you get is the percentage of your portfolio that should be in equities. Although I use 120.

Meaning if you are 30 years old. That is 110 minus 30 will give you 80. That is 80% to equities and 20% to fixed income

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 12:21pm On Mar 26, 2024

If you have a stock portfolio of over 50m,

Will you sell to generate fixed income of at least 10m given current rates of over 20%. If not how will you balance your portfolio to also take advantage of bothe the ngx and fixed income rates. Total annual dividend from same portfolio is less than 4m

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 9:40pm On Mar 23, 2024

ExcessKJ:
Good evening, everyone

Please, have a look at this ABC forecast for the 2024 Q2

Why is Marketing and administrative expenses in bracket - which implies negatives same with interest payable, operating activities cash flows. Is this to imply the company has no money of income finance this aspect of the forecast in brackets

Please 🙏 your clarification will be very appreciated. Thank you

Expenditure or money spent by companies are put in bracket on their financial statements. Marketing and admin expenses are monies spent in the course of business for the quarter. Numbers in bracket could also means a losses incured during the period under review while Income don't have bracket.

You can check investopedia on what elements make up an income statement. Many other items can be put in bracket in a financial statement.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 11:34am On Mar 19, 2024

Why do you think Tony and family bought back into transcorp last year. Whatever they sold at the time that post was made must have been bought between the time Otedola almost did a hostile takeover and when customs street told us here that some large purchases will be made at about 6-7 naira all within last year.

BabsO2:
Was searching for something and this 2020 post came up
Some may still hold this perception.
Time will tell - It's a great gem through the leadership of Tony Elumelu or ?.

5 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 8:24pm On Mar 09, 2024

[quote author=Cosmicwill post=128855084][/quote]TB rates and bond yields are currently above 20%. They are coming for the juice

Investment › Re: Crypto Currency Investors Thread by debeey87(m): 1:34pm On Mar 08, 2024

Luckyss:
Please o, hope I didn't make a mistake buying #sand. The coin is moving like snail

Their time will come. Same goes for Mana and other metaverse projects.

1 Like

Investment › Re: Crypto Currency Investors Thread by debeey87(m): 8:52pm On Mar 06, 2024

Bluearrow:
Because of the binance issue, a lot of persons might be sending usdt this period. If u are sending usdt, make sure u are sending to corresponding network address. Do not send erc20 to trc20 address, your money will be lost forever. Ensure receiving address corresponds with network.

Better to test the address with small withdrawal first before transferring the rest of the fund if they are not sure of their address. Better safe than sorry

3 Likes

Properties › Re: General Topic Thread-To Discuss Anything And Everything in Building Construction by debeey87(m): 5:49pm On Mar 06, 2024

Nero2424:
Noted. That 10% doesn't cover nothing this days. I probably will also request for new tenants NIN to track them when they leave.

That's a great initiative

Investment › Re: Crypto Currency Investors Thread by debeey87(m): 7:34pm On Mar 04, 2024

AfahaAbia:
Just made over 3.7m(Naira) now in profit from my crypto portfolio. I am so so damn excited....

Invest in tangible assets

1 Like 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 12:34pm On Mar 04, 2024

Emeka1441:
how person wan take get am..

Talk to your broker or finance house

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 12:16pm On Mar 04, 2024

Random thoughts

What is happening today with transcorp power was rumored here last year with some many thoughts.

Also bonus issue was rumored here for Ucap. I won't be surprised if that happens when they release their audited results and send the price to the roof.

2 Likes 1 Share

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