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Business / Re: A Man's Shocking Experience With Nigerian Hawkers by deenee: 3:31am On Aug 17 |
VikingKing: Very wrong way of thinking. This is what got us to where we are in Nigeria! 1 Like |
Politics / Re: Nigeria Is Turning Into An Oil Market Juggernaut - Bloomberg by deenee: 3:26am On Aug 17 |
Zwooks: He is already buying from other sources. Also y'all shouldn't expect him to sell fuel cheaper to you......QED 2 Likes |
Politics / Re: Dangote Defends Product Quality, Says Diesel 80% Better Than Imported Product by deenee: 5:36pm On Jul 20 |
Kobojunkie: Rest oga. Your quick response depicts that you have idle time. Do you need a job? Send me your cv |
Politics / Re: Dangote Defends Product Quality, Says Diesel 80% Better Than Imported Product by deenee: 5:26pm On Jul 20 |
Kobojunkie: I see that you don't understand how the industry works Best of luck with your delusion |
Politics / Re: Dangote Defends Product Quality, Says Diesel 80% Better Than Imported Product by deenee: 6:38am On Jul 20 |
Kobojunkie: Govt didn't invest 19billlion dollars in the refinery. |
Politics / Re: Dangote Defends Product Quality, Says Diesel 80% Better Than Imported Product by deenee: 6:36am On Jul 20 |
Kobojunkie: |
Business / Re: Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense by deenee: 6:16am On Mar 19 |
You people are very funny. What do we produce in Nigeria ? What is our export data like? What was the exchange rate management system before now? All I see here are people comparing food prices and using that as a yardstick to determine if the president has failed or not. Food that is even imported. |
Politics / Re: 60% Of Metered Customers Bypass Meters, Says TCN by deenee: 8:14am On Mar 08 |
The stats could be correct. Let themenqct very strict laws for offenders a d implement. 1 Like |
Business / Re: How Binance P2P Contributes To The Plummeting Naira Value by deenee: 9:28am On Feb 22 |
JASONjnr: Sir World Bank does not sell dollars. The level of understanding and awareness is mind boggling 6 Likes 1 Share |
Business / Re: How Binance P2P Contributes To The Plummeting Naira Value by deenee: 9:23am On Feb 22 |
Nbote: Point of correction Sir. Banks no longwr sell USD to BDCs. They stopped since 2020 after a CBN pronouncement. It is you and I and all other players in the system that do. I give you a typical example. When you apply for PTA /BTA, the expectation is that the unutilized portion will be returned back to the bank like we had in the days of travellers cheques. But alas it will end up in the parallel market. Infact some people just collect and it ends up straight in the parallel market. Same applies to the subsidised USD that govt allocates for pilgrimage and it's only in Nigeria that we see govt subsidising USD for people to go for pilgrimage, an activity with no economic value or benefit to the country. We also have exporters that under report their export proceeds and route the difference to the parallel market. There are also the retail sellers and do you even know that at some point manufacturers that were being allocated dollars for importation of equipment and raw materials by the CBN through the banks sometimes just take the dollars and sell in the parallel market because its actually more profitable for them. The parallel market infrastructure is a complex Web of operations spanning Ghana-Dubai-Nigeria-china -uk-USA-India etc and way more organised than we think. It goes deeper the the operators you see littering the streets. At the backend there is a complex web and hierarchy of transactions At some point they were flying in dollars from Dubai and Ghana to sell in Nigeria. Everything isn't about banks alone and banks aren't even allowed to hold more than 20% of their assets in USD. Y'all want to fight the corrupt manipulative system? Then stop been greedy. God bless Nigeria 4 Likes |
Business / Re: See The Amount My Daddy Bought 10bags of Cement 32yrs Ago (see Here) by deenee: 3:00pm On Feb 18 |
The high cost isn't from the manufacturer but from thrme key distributors and middle men. Depot hasn't really changed and load time is still 2 weeks per KD. The KDs are buying and hoarding. The retailers are also not helping matters and hiking prices by passing g on the rising cost of business to the end user. I think it's fair to know where the real issues are coming g from. |
Politics / Re: FG Summons Dangote, BUA Over Rising Cost Of Cement by deenee: 3:40pm On Feb 17 |
HarunaWest: The manufacturers are not the ones increasing price.. Govt should go after the key distributors and middle men who are benchmarking the price of a local product against the dollar |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 9:37am On Jan 14 |
Kukutente23: I sincerely do apologise to you and everyone here for engaging with you. You lack of understanding of how dividend payout ratio can impact the value of returns on investments clearly demonstrates that I shouldnt have engaged you at all. I also made the mistake of not going through profile. I should have known better. I also apologise publicly to my folks for placing them on a pedestal for some nameless person to have unfettered access to talk anyhow to them. For your information. Please read about dividend payout ratio below The Dividend Payout Ratio (DPR) is the amount of dividends paid to shareholders in relation to the total amount of net income the company generates. In other words, the dividend payout ratio measures the percentage of net income that is distributed to shareholders in the form of dividends. This is my last post on this thread. |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 9:25am On Jan 14 |
Kukutente23: There you go. Transcorp Hotels and Transcorp Holdings. Focus on the performance history
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Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 6:37am On Jan 14 |
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Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 6:36am On Jan 14 |
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Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 12:23am On Jan 14 |
[quote author=enigmatic16 post=127929520] Hi, i couldn't help resist your knowledge on NSE market. I am currently studying finance to major in investment banking, and i know for a fact that everything you wrote is correct. I recently just learnt about different type of financial securities and how to compare different funds and how it is important to understand the economy and market where these securities trade. Do you trade by yourself or use an app or financial institution or investment dealer? I am asking because i want to learn to trade by myself, i am currently not in Nigeria, last semester in school, they asked us to open a simulation account on Questrade to trade as course work for a semester but it was a bit confusing as i was just getting exposed to most of these concept as at that time, i will like to learn more from you if you do not mind. [/quote Hi, I was going to send this to you privately but I will put it here 1) there are a few books I will recommend Richest man in Babylon Intelligent investor The Investor's Handbook: Stocks Made Easy By Iyeke Oghenefejiro Emmanuel. You can also follow his Instagram handle your_moneyguy There are a few others but ultimate is to read alot of the relevant books so yiu build the right knowledge, skills and competencies Also understand that there are two ways to make wealth on the stock market. Through capital appreciation and dividend payout. Capital appreciation is when you buy at a price, value goes up and the margin between the buy and sell price before is profit but please not that it's paper profit until you decide to sell. The trick with this is to always look for opportunities to buy stocks selling below their intrinsic value with sound fundamentals and use what I will call cost averaging to spread your purchase. Cost averaging basically is cost averaging is the practice of investing a fixed amount on a regular basis, regardless of the share price. It's a good way to develop a disciplined investing habit, be more efficient in how you invest and potentially lower your stress level—as well as your costs For example say you want to buy 100k units of zenith. Instead of buying the 100k at once you can decide to split the purchase into tranches so you have different price entry points For dividend payout, focus on stocks that have good and consistent dividend payin history. Again try to buy low here so if they pay good dividend you get a higher payout ratio. There are alot of capital market operators yiu can use but I would recommend you look at Yochaa, Bamboo, Trove or Chaka. They are good , have mobile apps where you can trade on the go yourself and minimum opening requirements is affordable and they also allow yiu to invest in US traded stocks on their apps too. Also I think you can also build like a dummy / model portfolio with these guys and learn a bit of trading if trading is what you want to do. I will stop here. You can reach out to me directly if you need any further clarification. Thanks 1 Like |
Business / Re: Marketers Await Dangote Petroleum Product Price List by deenee: 10:33pm On Jan 13 |
Alba3: Dangote does not owe the masses anything. We run a capitalist economy largely driven by profit plus how do you expect him to pay off the loans Now to your post. Crude is priced per opec pricing and even better to price in dollars than naira because naira pricing means devaluation will reduce any cost savings Plus he has alot of expat working on site paid dollars. He currently has about 3k Nigerian engineers in training to take over the Indians. He has to do special training for the Nigerian engineers to avoid stories that touch at the refinery and because apparently our Nigerian engineers are desk top engineers just like we have alot of desk top analysts here....😄😄😄 In summary prices will reduce but not immediately The man is not one of our Nigerian pastors that perform TV and social media miracles. God bless Dangote God bless Nigeria |
Business / Re: Marketers Await Dangote Petroleum Product Price List by deenee: 10:25pm On Jan 13 |
Throwback: You are correct but it won't be automatic. He has alot of expats working on site paid in dollars. The cost of this and currency devaluation of the NGN to USD will be passed on to the end user. Ultimately prices will find a common ground once operations is at full capacity |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 10:19pm On Jan 13 |
Kukutente23: One last time. @ppogba please forgive me. Please check the dividend payout ratio for the under listed stocks from 2002 till date Zenith Gtco Uba Access Dangote Sugar Dangote Cement Nestle Guiness Nigerian Breweries First Bank Fidelity To your question, my parents were living off the dividend earned from the aforementioned portfolio and as I mentioned earlier, they have been investing since 2000s. A few of the aforementioned also issued bonus shares within certain periods mentioned further increasing their holdings. The fact that the price of a stock plummets doesn't mean they can't pay or distribute good dividend especially if the fundamentals are good and the coy continue to be a going concern which is the case with the companies above My parents are not day time traders that buy and sell or panic when the market plummets. They buy and hold long term just as the likes of WBuffet. They even have zenith shares in their portfolio bought at ten naira in 2004 via the first ever IPO and they have consistently received dividend on this since then till date At some point they were reinvesting proceeds from dividend payouts back. And they didn't have any heavy expenses to worry about. Myself and my siblings are were all done with school so no school fees. They dont have to bother about rent because they are owner occupiers and we have comprehensive health insurance for them... So to answer to your question again incase you missed it. Dividend payments from the aforementioned stocks irrespective of market cyclicality because they companies have been and will continue to be going concerns Zenith, Gtco, Access and Uba posted double digit PBT all through out Buhari's reign and NGX was the best performing exchange GLOBALLY during Covid. Go and fact check this. Market cyclicality is temporary Infact some coys above were paying divindend twice a year (interim and final). So whether prices fall, they held on to and enjoyed dividend payments and also because they luckily purchased when prices were good and at a bargain all their holding have paid double digit dividend payout ratios for the last ten years. And they did their transactions in naira. No dollar input what so ever But you know what you are very correct and I am very wrong. Infact I am very sorry for all my rantings. I will delete them now...😄😄😄 You win I lose...I won't comment again. You are the master and I am just a nobody seeking validation from faceless people on NL I know what I made last year from the market (capital appreciation that has beat devaluation 5x last year plus dividend payouts too. Infact let me do the analysis YTD from 2023 currency devaluation is around 114% if we bench mark official rate See calculation below (967-450)/450=114% A. B. B Where A is current official rate today , B is rate at end of 2022 The 2022 YTD devaluation if Parallel market rate is factored is around 80% See calculation below (1350-750)/759=80% A. B. B Let's add inflation which unfortunately has grown Month on month to around 29% and about 176% absolute growth from 2022 YTD till date. So combined 290% growth official.and 256% combined with parallel rates So if I buy transcorp within the same period and its grown by over 1000% what it means in real terms is I have gained 1000%-290% or 256% returns in real terms. This is called economic profit and this is from capital appreciation alone. Average dividend payout ratio from the aforementioned stocks is around 12.5% which increases the rate of economic profit! Again how will currency devaluation affect the designated investments if the real returns beat devaluation, inflation and even the opportunity cost of investing in other assets combined? So sorry for the rants Talk is cheap and ignorance is bliss Guess what? I love to talk alot and my name is bliss! Cheers! God bless Nigeria! God bless NGX! The grass is not green on the other side, the grass is green where you water it 1 Like |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 6:18pm On Jan 13 |
Kukutente23: Market is cyclical everywhere even in the US,UK etc. The logic is simple invest in companies with sound fundamentals that pay dividend and have market liquidity. Getting information about these is simple as ABC. Zenith GTCO UBA Access UCap Seplat ETI DangCem DangSugar etc have consistently paid dividend in the past 15 years. The records are there. The markets plummeting doesn't mean the losses will crystallise. Your losses or gains crystallise when you sell. Infact stock markets plummeting is a good sign to increase my position in designated stocks because yiu buy at a good bargain Investing in the stock market is a long term trajectory. It is not sporty bet or bet naija. Warren Buffet made his money from the stock market I will stop here and follow the advice of ppogba. Infact my holidays end next week so I will be back to my hiatus on NL Cheers |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 5:44pm On Jan 13 |
Kukutente23: I have and I am still creating generational wealth from the NGX. That it hasn't worked for you doesn't mean you condemn it in its entirety. If you invest diligently I'm coys with sound fundamentals that also pay dividend l. You will have peace of mind. Stock market investment is a long term trajectory Nigerians on the other hand like the quick and easy way out. Look for coys with sound fundamentals, market liquidity, history of dividend payments and propensity for capital appreciation, invest consistently and watch your money grow. Majority of the wealth of the likes of JBezos, Walmart, BillGates, EMusk,MZukaberg etc were all built on traded stock exchanges. Same here in Nigeria JimOvia,ToE, Dangote,Bua ,FOte etc The dividend payments from my parents early investments in Zenith,Gtco, UBA, access is what they are living off today. Infact the accumulated dividend they have received over the years have more than paid for the investments multiple times over and they are just on cruise control now I have also benefited. I made a neat 9 figure ROI from NGX in 2023 alone and have doubled my investments in 2024 in some selected stocks. Imagine investing circa 25m in Transcorp, 10m in Ucap and 15m in dangsugar and nascon at the start of 2023 and offloading at the end of 2023. Do the maths God bless Nigeria Watch out for Dangote’s listing of the refinery in 2024 early 2025. Another opportunity to create wealth. Cheers! |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 3:58pm On Jan 13 |
Kukutente23: Is P and G listed on the Exchange. Where is the bubble?. Have you even looked at the fundamentals of the listed entities driving the activities on the Exchange. So if a company decides to keep a short USD position on their balance sheet and there is devaluation, The entire country should suffer for it? P and G is also exiting Kenya Continue to see bad everywhere in thr country while people are silently creating generational wealth I rest my case
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Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 2:31pm On Jan 13 |
Kukutente23: Stop mixing apples and oranges |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 12:40pm On Jan 13 |
Kukutente23: So if I make 10x that amount haven't I retained market value? Please answer me! |
Business / Re: Video Of production Flaring At Dangote Refinery by deenee: 12:37pm On Jan 13 |
Realtruth2023: Lies Oga. You people keep demonstrating ignorance. Nnpc has joint venture partnership with several IOCs to explore crude. Crude explored in Nigeria whether for local or international has to be sold at opec pricing otherwise we will be sanctioned. I think Seun needs to start banning people that display wanton levels of ignorance so we can bring some level of santity to this forum. 1 Like |
Business / Re: Video Of production Flaring At Dangote Refinery by deenee: 10:59am On Jan 13 |
Realtruth2023: Nigeria is a member of Opec and bound by their rules. Including international pricing Secondly the supply is payment for the equity stake of nnpc in Dang refinery Educate yourself 2 Likes |
Business / Re: Video Of production Flaring At Dangote Refinery by deenee: 10:24am On Jan 13 |
justtoodark: Leave them. They can pay 7x for fake bottles of Azul but can't pay 6k for a bag of cement. The makers of Azul only release about 100 bottles per year. Yet Nigerians consume about 2k-3k bottles monthly. Where they are getting their own Azul from beats my imagination 4 Likes 1 Share |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 10:15am On Jan 13 |
Kukutente23: Stop mixing apples and oranges Those companies are manufacturing entities carrying short dollar position on their balance which has been written off now. It's like a bank writing off a bad loan which has crystallised against their P and L. Which is a one off activity. How does that affect the price of stocks doing very well? There is no correlation whatsoever. The losses are from their operations which will only affect their own share price for a period. Its even a good time to buy those kind of shares especially if the company has a strong and robust retained earning reserves. Back to the question. How does dollar affect my buy and sell strategy of transcorp at 1naira in Jan 2023 and 10 naira in Jan 2024? Is there any dollar involved in the entire value chain of the transactions.? Did I speak with aboki to change currency for me for this trades to happen? Did I apply for fx from CBN? Please explain how and don't avoid the question The level of ignorance and wanton display of it on NL is mind boggling |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 10:09am On Jan 13 |
ednut1: Key board analysts Exchange loss would only be relevant here if you Brought in dollar to buy the shares. The way y'all reason sometimes amazes me. The colonial masters really did a good job brainwashing us as a collective |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 10:06am On Jan 13 |
LegendHero: God bless you. Gsk and Procter and Gamble didnt leave Nigeria alone, they left other African countries. You will be amazed at the number of Chinese and Indian business setting up in Nigeria . The steel industry has been taken over quietly and gradually by the Indians. Chinese are quietly entering into the manufacturing space. Yet some key board analysts ate here making noise. The stock market created alot of Billionaires last year and is set to do same this year. Most of the banking stocks even at their current prices ate undervalued. God bless Nigeria 1 Like |
Business / Re: Banks Lead Nigerian Stocks to World’s Second-Best Gains in 2024 by deenee: 10:01am On Jan 13 |
BloomingDale: Haha. You are missing out. Continue |
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