₦airaland Forum

dipoolowoo:
Amaechi, Akpabio, Saraki, Keyamo, 39 Others Make Buhari’s Ministerial List
https://businesspost.ng/2019/07/23/amaechi-akpabio-saraki-keyamo-39-others-make-buharis-ministerial-list/

This is a list that should have taken less than 5 minutes to put together.
Even Conoil is more efficient than this.
Why waste so much precious time with the finishing of a defective structure erected at an active volcano site.

stcool:
what do this ones have to offer!

Low equities prices for wealth transfer. Is that not good enough?

K

Godlylifeoneart:
https://www.pulse.ng/bi/finance/court-grants-oando-leave-to-file-judicial-review-against-sec/1bzwje6?utm_source=newsletter&utm_medium=email&utm_campaign=daily-2019-07-11

This is exactly what happens when you buy shares in a notorious law firm like Oando, instead of cash dividends, you get credited with unending litigations.

DOLLARTEX:
some people are just wicked!so out of the 4million units of chams presently as full offer,you burnt your data,enter motor come market just to buy 10 units?just 2:90.stcool where is that cane?

The weight of 10 units of CHAMS can break your neck!
Try selling 10 units of CHAMS on a 'good day' and you will appreciate this selfless guy...

CashDiMkpa:
This thing is taking up too much space abeg. Can you look for a more concise way to present to those who are interested?

The number of pages we exhaust now are in a bearish zone.
Yok's post is like Dangcem to our page index...
If not for his 'Bet9ja belt', there might be no scrolling in a complete day, except on days when OGG is replaced in his concubine's place, and is wandering in his garden, phone in hand..

I am waiting for Veecovee to accompany me to my concubine's place..

Chai, punishment that should have been reserved for confirmed external ROGUE HERDSMEN.
Try this on a herdsman from Chad in Nigeria and the entire airforce, navy and army will be sent to your village before the pictures fully upload....

veecovee:
What my dear, do you have to say about dangflour ... better for me to sell and buy other stock ? I'm still regretting selling diamondbank.

Just assume you have it ...

OGG is talking about concubine and you are asking for flour to prepare meat pie for her? It's OK, just don't let the wife catch you....

stcool:
You go average down you go tire!

Veecovee is really working hard....

"2• I have never met or been in the same space with Biodun Fatoyinbo nor do I ever want to be and have never want to be........"
[i][/i]
But you want to occupy every night, the 'SPACE' he labored hard to dig and leave for you

Your wife was never raped, every girl you meet that is not a virgin has a rape incidence!

If truly this pastor touched your wife, she enjoyed every bit of the romance.
Dig deeper, only if you want to experience her Virgin moanings, " oh dear, slowly , uhmmmm, aaargh, aaaaoough, Mmmmm, aaarrrsh" that she did not bring to your home.

I had a girlfriend who told me she was disvirgined on three different occasions by three different men!!!
Just be patient, the true story must one day come out.
I just pity this pastor, the devil has allocated more time on his case.
If it is ever true that that pastor oiled her, then I strongly believe he completed enough DIGGING DEEP after your wedding until lately, maybe when things looked likely to explode on her.
One of your close CALM friends likely saw things he will rather commit suicide, than let you patronise Sniper hawkers.

Some times I wish Pussies came out of their production lines with black boxes. So that when a sensible man is so deeply cornered foolishly, we can remove her black box and send to a forensic lab in North Korea and sit back for the result, with recommendations.


Rubbish!

NB: I hate "ILLEGAL RAPE".

Heishere:
This is the analysis I got from my broker:

The central bank of Nigeria released a circular yesterday, mandating banks to maintain a minimum of 60% loan to deposit ratio (LDR) by September 30, 2019, subject to quarterly review. Also, to directly focus the funds to specific sectors, the apex bank attached a weight of 150% to loans disbursed to SMEs, Retail, Mortgage and Consumer Lending in computing the LDR. Further expressing its resolve to ensure compliance to the minimum LDR by the specified date, the apex bank shall impose a levy of additional Cash Reserve Requirement (CRR) equal to 50% of the lending shortfall of the target LDR. The revised LDR is above the previous maximum regulatory ratio of 80%. Going by Q1 2019 unaudited numbers of our coverage banks, only Access (66.3%), FCMB (73.9%) and Fidelity (95%) are above the new minimum requirement. However, GTB, Zenith, Stanbic, UBA, FBNH and Union are currently below revised minimum requirement.

On impact, our assessment suggests that additional N1.1 trillion in loans will have to be created by the 6 banks to meet up with the revised guideline. Individually, GTB, Zenith, Stanbic, UBA, FBNH and Union will have to extend N105 billion, N350 billion, N30 billion, N120 billion, N436 billion and N25 billion respectively. However, if the current loan book of our coverage banks is adjusted for the new weight of 150% attached to loans disbursed to SMEs, Retail, Mortgage and Consumer, we note that the ratios across our coverage banks could improve on average by 3%.

While the new policy signals a move towards the banks focus on core operations, we believe this will support interest income on loans over the medium term. However, given the current state of the economy, we expect the drive to meet up with the deadline to result in a jump in Non-performing loans for the 6 banks below the minimum requirement in the short term. Conclusively, given the quantum of the additional credit to be created, we believe the apex bank will extend the timeline until December 31, 2019.

Source: Company Financials, ARM Research

It is always wise to first lie flat on the ground, when you hear a gunshot...
If you just start running, you may be running into the arms of the Gunman...
Brokers hate indecision on the part of investors, they always want some investors to be running while the other group is chasing, then they whisper to the running group to halt, then turn around and tell the chasing group that the runners are after them.....
The cycle continues like two lizards running round a palm tree, you cant tell which is chasing which..

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/26513_LEARN_AFRICA_PLC_FINANCIAL_STATEMENTS_JUNE_2019.pdf
Dividend 15kobo
http://www.nse.com.ng/Financial_NewsDocs/26521_A.G._LEVENTIS_NIGERIA_PLC._FINANCIAL_STATEMENTS_JUNE_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/26524_N_NIG._FLOUR_MILLS_PLC._FINANCIAL_STATEMENTS_JUNE_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/26514_DAAR_COMMUNICATIONS_PLC_FINANCIAL_STATEMENTS_JUNE_2019.pdf

Aminu Dantata
Indirect sell down....

Mcy56:
Taaaa! Prof thou shall not blaspheme.
God is all powerful and omniscience. He is over all and does whatever pleases Him. Nothing is ever too early or late for Him to do. Reason He's called Kabiyesi.

You're just looking for Pastor Vee's trouble. Did he stop you from pursuing that your banker lady in his church or he's dragging her with you?

I actually meant that God gives time for everything to be sorted out. Some call it patience. Never be in a hurry when God is involved.
I can't stand another polarisation, so I will not allow bankers near my underground bunker...

Ok

veecovee:
IT'S TOO LATE FOR GOD TO FAIL ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/22#79782978

At times it is also too early for God to succeed....

PETERiCHY:
HONEYWELL fair price is 20kobo
BARGAIN HUNTERS TAKE NOTE!

How you take arrive at 20k?
No value is fair any longer here.....

maishai:
[i]The new CEO paid #66 per share[/i][b] [/b]according to the press .....abi all na wash ni ?......how come they arrived @ a valuation at least 2× the market and if we go by your valuation the new CEO has been scammed.......

Anyway this is Nigeria where every analysis that works elsewhere in the world refuse to work here......I'm only hanging on to my fo based on gut feelings that if I hang on a little longer, my windfall is waiting for me.........

Mind you he is now the midwife.
He can change your baby, declare it dead, say your wife gave birth to a tuber of yam or it was even fibroid she was carrying.

Me, I be old man, I DOUBT EVERTHING, until proven otherwise!

Nigeriaunited60:
Airtel Africa joins the league of worst debuting stocks in Europe this year......

Total debt of $5bn nearly upto MTN Nigeria capitalization.

Waoh...hope it will turn out good for Nigerian investors.

TA 40 year old man that buys water guns to play with has to be encouraged to avoid Yaba Right and keep to the other side.

veecovee:
I no get church, i be missionary

Ok, something similar to this?
You operate like people doing loading at parks, You identify and convince the passengers, while the pastors are like the bus owners....

[quote author=Chibuking81 post=79698511][/quote]49.14 was the result of your calculation, three distinct digits 491.
You just needed to rearrange them to know what was cooking....

valentinenwoko:
yesterday i asked for investment advice on buy recommendation for caverton. no response.
pls i need advice

Its a long term good buy.
Personally, I like it around N2.15.
I hate family businesses though....

Also, don't buy as if it's your money they have to use to complete their ever under construction maintenance facility....

valentinenwoko:
yesterday i asked for investment advice on buy recommendation for caverton. no response.
pls i need advice

Its a long term good buy.
Personally, I like it around N2.15.
I hate family businesses though....

gamaliel9:
two brokers have been sending me messages to buy airtel ipo...complete with phone numbers of traders....i just keep on deleting the messages...is it by force to make money through airtel? bikonu rapunu m aka

The brokerage business is all about COMMISSIONS, and this is removed immediately a transaction is done, then your broker hands you over to the irrational Mr Market and goes looking for his next victim.

You buy a stock, it stays at the same price, you have lost, it moves down, you have lost.
You gain only when it moves up.
But your broker gains in whatever scenario ...

Chibuking81:
#1.46 in 2018 fy against #2.85 2017 fy.
This FO with their recent performance suppose to be at level below Access that has more than times two of their earning per a share and UBA Bank that has almost times two of their earning per a share. Maybe this year Fidelity and FCMB will make more earning per a share than them. They should be in the categories of #4/#5.

When dating a widow(FO), it is always wise to first confirm from an independent source what killed the husband(Otedola).....

Agbalowomeri:
The Egyptians you are seeing today
You will see double in August/Sept
Yeeeeeeehhhhhhhhhhhhh who slap me

Lol...

TLAX:
Sovereign Trust Commenced its rights issue yesterday. Shareholders are entitled to 1 ordinary share of 50k for every 2 ordinary shares of 50k held as at January 19, 2019. Rights issue price is 50k per share. It closed trading today at 23k per share.

If you understand NSE, this is the time to exit the shares that has stagnated in lower 20ks as I believe it may eventually get to 35k-40k before the rights issue closes on July 31, 2019.

A word is enough for the wise.

This is a very big opportunity to those who are owing tuition fees.....

OakPearl:
UNBIASED REPORTAGE
People of God, I am done with my findings on Airtel Africa regarding this IPO.
Current dividend yield hovers around 5%ish.
For those who need to make their investment decision before IPO closes on Thursday, please find below:

The estimated Earnings Per Share (EPS) for Airtel Africa based on the issued share capital of 3.7bn shares and US$450m profit is US$0.12.
Converted to Naira, EPS is between N37.20 and N43.90 based on the Official and NAFEX exchange rates respectively.
We estimate the P/E ratio at 9.8x and 10.3x respectively.
According to the IPO prospectus, the company intends to pay 80% of consolidated free cashflow as dividend.
However, the dividend pay-out is dependent on a leverage ratio between 2.5x and 3.5x.
This ratio is currently at 3.01x, so we estimate dividend per share (US$0.07) to be N20.10 and N23.72 based on Official and NAFEX exchange rates respectively
Based on the offer price of N363-N454, this translates to a dividend yield of 5.5% and 5.2% respectively.

You are the CEO of your life!

Thanks for this. I can't carry myself enter prison.
When investing, COMPARISON is key.
Do we presently have highly liquid companies listed on NSE that can beat the returns here and have a solid track record over the years? YES!
Then, only HOPE can make me listen to a new version of MOON TALES transmogrified into AIR TALE.

OakPearl:
All sentiments shared here so far about Airtel's IPO is mostly true.
It's a much more sincere approach IMO.
Going by the pricing which is based on the OS, you could decipher they aren't out to exploit the common man because it is already beyond his reach. If them exploit, kpa kpa na the money bags loose and they can hardly offend those caliber of investors, so they came clean with stating they will service debts with some of the offer proceeds.
The offer prospectus also states they are paying 80% of their eps as dividend.
One thing about investing at this level I have come to realise is that there is hidden value to reap before it is made affordable for all.
My own be say I have been scratching my head to find what ways retail investors like us go fit subscribe since pre-listing and today I have found a way.
Afrinvest has perfected an SPV that makes it possible for retail investors to invest in a minimum of 500 shares.
Am letting this info out here in the spirit of the brotherhood we share in this forum.
No intent to monkey hunt.
Do your DD and if the numbers pleases you, carry go.
I may take a punt on this...undecided though.

Anything I am going to buy that I will have to sit across the table sweating to convince Loco, Yayira, Peterichy to buy from me is a NO NO for me....

DeRuggedProf:
I have been in the stock market for a while, a very good while, I have experienced three intensively brutal reconstructions. That experience made me to vow NEVER TO TRADE STERLING BANK. And I have NEVER touched it since that time. Even when the stock is SHOUTING BUY BUY BUY, I laugh and walk away.....
I may not be fair to myself, but at least I am sticking to my rules.....

No reconstruction ended up as soothing as a curse. Heavy objects always penetrated the ceiling and decisively pinned me to my couch.

Most curses take a while to be decisively punitive.
The reconstructions evoked immediate and sustained capital erosion.

The stocks seemed to always prefer their initial prices before the reconstruction.

Where they failed to descend rapidly, illiquidity took over their dynamic chart patterns and the candles emaciated and lost their bodies and wicks...

I hope this turns out to be different.

Personally, I will never again be sleeping inside a bedroom that Julius Berger's cranes are crossing heavy equipments over its roof.....

Immediately I sight cranes, I hurriedly relocate. Even if it is under the bridge, I prefer to wait there, even for a year....

When CILEASING wanted to destroy value under the guise of Reconstruction.

valentinenwoko:
CI LEASING
CAPITALIZATION AND DIVIDEND
Having completed the share capital reconstruction, we intend to raise fresh capital through a combination
of public offer and rights issue.
The dividend history is as shown in the table below. In respect of the current year, the Directors propose that a
dividend of 1,391,752,500 per ordinary share of 7.5 kobo each, amounting to N104,381,437.50 be paid to
shareholders upon approval at the Annual General Meeting. The payment of dividend is however subject to
withholding tax at the rate of 10%.
SOURCE ; 2018 FINANCIAL REPORT

Reconstruction is always about destruction...
If in doubt, visit a Julius Berger reconstruction site....

Be greedy when the fundamentals are greedy, not when others are fearful...

I mean invest with an independent mind!