₦airaland Forum

Streetinvestor2:
Says who.Dont alhaji have right to change his mind.
Have you seen alhaji rice in the market or rice farm before

iHaveMadeiT2:
It seems nothing spectacular to expect from this market till second half of the year.

The biggest disappointment so far is Dangote, with the deceitful so called merger. I recall someone gave us the expo here at the beginning of the year that Dangote will fall our hand big time.

iHaveMadeiT2:
Dangote sugar and salt don show person pepper

222Martins:
The only way to stop this is to make trading in such a way that, once you place a bid or offer, you cannot adjust or cancel it until that trading day is over. Unless this is done, it will continue.......

ositadima1:
Is this the net flow of investment capital in and out of the UK? What does this have to do with earnings and repatriated funds?

ositadima1:
Same way, Dangote Cement in Cameroon, Congo, Ghana, Senegal, Sierra Leone, and other countries likely repatriated money back to Nigeria from its foreign operations.

ositadima1:
Major UK multinationals likely repatriated well over $50 billion combined back to the UK in 2023 from their worldwide operations and subsidiaries.

"BP - The oil & gas giant reported $8.2 billion in profit attributable to UK shareholders in 2022. This suggests over $8 billion was likely repatriated back to the UK in 2023.

Shell - Shell's worldwide net income attributable to shareholders reached $39.9 billion in 2022. Even if 25% was repatriated to the UK, it would amount to around $10 billion.

HSBC - In the first 9 months of 2022, HSBC's reported profit after tax was $11.6 billion. Its final 2022 results could see over $15 billion eventually repatriated to the UK.

GSK - GSK reported £10.3 billion in profits in 2022. Up to £8-9 billion may have been repatriated back to the UK this year.
AstraZeneca - The pharmaceutical giant generated $10.9 billion in worldwide profits last year. Likely repatriation to the UK in 2023 could exceed $8 billion.

Rio Tinto - With $26 billion in earnings in 2022, even a 30% repatriation rate would bring around $8 billion back to the UK this year." -- Copied

ositadima1:
UK earns significant investment income from profits and dividends repatriated back from British companies' overseas operations and subsidiaries. The trade deficit does not tell the full story.

ositadima1:
Top companies in the UK

Energy:
Shell (SHEL): Oil and gas
BP (BP.): Oil and gas
National Grid (NG): Electricity and gas transmission and distribution


Pharmaceuticals and Biotechnology:
AstraZeneca (AZN): Pharmaceuticals and biotechnology
GlaxoSmithKline (GSK): Pharmaceuticals and healthcare


Financial Services:
HSBC (HSBA): Banking and financial services
Lloyds Banking Group (LLOY): Banking and financial services
Barclays (BARC): Banking and financial services


Consumer Goods:
Unilever (ULVR): Food, home care, and beauty products
Diageo (DGE): Alcoholic beverages
Reckitt Benckiser (RB): Hygiene and household products


Retail:
Tesco (TSCO): Groceries and general merchandise
Sainsbury's (SBRY): Groceries and general merchandise
Marks & Spencer (MKS): Clothing, food, and homeware


Telecommunications:
Vodafone Group (VOD): Mobile telecommunications
BT Group (BT): Telecommunications and internet services


Others:
Rio Tinto (RIO): Mining and metals
BAE Systems (BA.): Aerospace, defense, and security
Rolls-Royce (RR.): Aerospace and engineering
BHP (Mining and Petroleum)
Aveva - Engineering and industrial software.
ARM Holdings - Designs semiconductor and software technology, acquired by SoftBank Group


Just a few top ones with global presence.

ositadima1:
Top companies in the UK

Energy:
Shell (SHEL): Oil and gas
BP (BP.): Oil and gas
National Grid (NG): Electricity and gas transmission and distribution


Pharmaceuticals and Biotechnology:

What has this got to do with UKs trade balance.

AstraZeneca (AZN): Pharmaceuticals and biotechnology
GlaxoSmithKline (GSK): Pharmaceuticals and healthcare


Financial Services:
HSBC (HSBA): Banking and financial services
Lloyds Banking Group (LLOY): Banking and financial services
Barclays (BARC): Banking and financial services


Consumer Goods:
Unilever (ULVR): Food, home care, and beauty products
Diageo (DGE): Alcoholic beverages
Reckitt Benckiser (RB): Hygiene and household products


Retail:
Tesco (TSCO): Groceries and general merchandise
Sainsbury's (SBRY): Groceries and general merchandise
Marks & Spencer (MKS): Clothing, food, and homeware


Telecommunications:
Vodafone Group (VOD): Mobile telecommunications
BT Group (BT): Telecommunications and internet services


Others:
Rio Tinto (RIO): Mining and metals
BAE Systems (BA.): Aerospace, defense, and security
Rolls-Royce (RR.): Aerospace and engineering
BHP (Mining and Petroleum)
Aveva - Engineering and industrial software.
ARM Holdings - Designs semiconductor and software technology, acquired by SoftBank Group


Just a few top ones with global presence.

Mpeace:
They know how to play the game. Go to UK you will hardly see any foreign currency aprt from the pounds, and you hardly send their pounds out.
They also highly restrict trades in foreign goods especially food items. They bring all sorts of barriers in the name of standards and test that ensure that you hardly import. They consume mostly UK items and still export to african countries while rating our goods as substandard.
They also have many multinational companies that like shell etc that bring in lots of revenue.
They also somehow benefit from our poverty and corruption such that we provide them with cheap labour, fund some of their institutions through billions we (and other african and asians) pay as school fees etc most of their banks and real estate are financed with stolen money from africa.
Finally they have a very very effective tax system.

Willie2015:
Bought at N1450 yesterday from Aboki....
CBN can continue to use its monetary policies...
It wont have much effect cos we aint producing....

yMcy56:
OANDO on full bid @13.80!
Insiders knows what we don't know yet.....probably..
Where's Megawealth that says it's going back to 7 and all the naysayers?

JAPAUL: Successfully crossed the N3 line.......sighted on full bid earlier.......some offers show face........pickup still ongoing......

The person that says it won't see full bid midday on Friday must have been disappointed by now....
Impostor driver ....Market always have a mind of its own,,nobody can accurately predict the market.

iHaveMadeiT2:
USD

iHaveMadeiT2:
1USD exchanging for N1724 currently

Haba, kilode

Mpeace:
My fear for both fcmb and fdelity is that dey may not survive the next CBN minimum capital requirement without serious modifications

Where fcmb want take get 900billion naira.
That least OS you se today will soon be over bloated

Mpeace:
My fear for both fcmb and fdelity is that dey may not survive the next CBN minimum capital requirement without serious modifications

Where fcmb want take get 900billion naira.
That least OS you se today will soon be over bloated

emmanuelewumi:
The way e be, I won't be surprised if it gets to 120,000 by the end of the year. Because the bull never circulate, dey never start writing story books about the stock market, Nollywood never do movie about NGX, content creators never begin use NGX do skit, we never start giving testimonies in churches concerning the goodness of the stock market, Men of God never start preaching about the NGX, dem never begin share stock picks in the barbing and hair dressing salon, dem never begin analyze stock for bars and beer parlours

megawealth01:
The battle of the ALHAJIS will be interesting on this FOODS

megawealth01:
SUNU #2+ even in this red

megawealth01:
E don do 💯 oooooo

megawealth01:
Well na greed dey send people go village for crypto

agbekoya:
Trove has its challenges but I continue to patronize Trove alongside my two other stockbrokers because of a benefit it offers that the other two does not. On the Trove trading platform you can set limit for sales or buy mandates at very distant figures from current price level. For example while the market price was about N8 I set a sell mandate for UBA at N23 (about 300% up) and forgot about it just recently it hit target and boom which I did not anticipate will be so soon at the time I set the mandate With most other stockbrokers the maximum distance to current price is restricted to 10% differential. Not promoting Trove but presenting my experience, However the global market which is their flagship is something I don't use as I have far superior option that is not readily available to most Nigeirans

emmanuelewumi:
Not bad when you consider currency devaluation.


Assuming Naira to dollar about 10 years ago was N300.

N1 million would buy $3330, growing by 5% would have grown to $5400 which is now equivalent to N7 million.

You also have an investment that is acceptable as collateral security.


I gave someone on this thread a contact at United Capital in the first week of December 2023 and was able to get a loan and account credited in less than 12 hours.interest rate at 20% per annum

He used the loan to buy Dangote Sugar shares at N57 it closed at N81 yesterday.


Assuming the loan was N1 million. He would have bought 17100 units, accumulated interest in the last 5 weeks is about 20k.


If he decides to sell today in order to liquidate the loan and interest, he would have sold for N1.35 million. After paying the principal of N1 million and interest of 20k, he would make a profit of 330k using other people's money.


Whereas the loan the investor got was far more than N1 million.

ositadima1:
It is very surprising how data can reveal patterns that validate logical assumptions.

Below is a screenshot showing the percent deviation from the proposed 12 Nascon to 11 DangSugar ratio. You can see how the market has maintained this deviation between +5% and -5% starting in late August, coinciding with the announcement date of August 30th.

Even though the market does not fully agree on the price given its oscillation, it has maintained proportionality close to the announced ratio.

As of yesterday, we have a +4% deviation in favor of Nascon. I can assure you that one of two things will happen next week.

Either Nascon will fall below 60 or DangSugar will break its highest level of 70.

Edited: From the chart, I also noticed that the two stocks were already moving to align before the announcement date. Is this some form of inside trading? Have some people gotten the news before others?

Duyt1798:
Hi guys!

I hope this my post gets to the FP, so I can get insights from a wider audience; even I know some might not make sense, but one thing I've learnt from the short time I joined this platform, is that - sense dey inside nonsense.

Pardon me, my write fit dey a bit lengthy.

I currently work with a multi-national startup coy. My net pay is a bit above 400k naira (this's at the moment), I've worked for about 2 years. I'm married with two kids and expecting the third.

Now my dilemma is that, I've not been able to save up funds, I feel like my living condition doesn't reflect what I earn. Shingbai like this, I no get for account. The last I could remember, I go deep hand for forex, e nearly give me hypertension (I lost about 2m). I still dey pay debt wey I incur as a result.

Now where I need assistance is, looking at the amount I'm earning, how do I spend? Please for those that will be kind enough to give suggestions, let it practically explained, as in help me break am down to the amount wey I suppose spend, how I suppose spend am, and wetin I suppose save.

I believe say many family people dey here wey get better experiences.

Thanks 🙏.