₦airaland Forum

locodemy:
Health sector a place to be now.

All these purported grants from CBN to the health sector to produce vaccines and the sort... isn’t it audio

samzepaparazi:
please can anyone explain why jaiz bank and aiico are rising, while wema bank is moving backwards

My guess is that it’s not liquid

bigjay01:
With Access' turnover, imagine the potential if they can get more efficient!

Lots of turnover without a commensurate accretion to the bottom line.

They might be one the road to achieving that with the recent cost cutting measures hopefully that doesn’t also affect their topline in the form of lower deposits

mails4funshi:
I consider this a good summary:

Gt bank’s cost to income emphasizes how they’re the most efficient bank

ojeysky:
Thought you have existing dividends that you want to collect otherwise no need to include the account number as it has been mentioned

No it’s a current dividend, I have submitted it.

ojeysky:
Shareholder account number, you can find out what yours is here: https://sec.gov.ng/non-mandated/

Thanks, but isn’t that for unclaimed dividend

On edividend form, what does shareholder number refer to pls, is it Cscs number?

maishai:
Coming from the good old days of analogue stockbroking, paying 1.3+% on trades is a no brainer for me, what analogue stockbrokers have done to my life is better imagined......personally I won't mind paying 2% on trades if I'm guaranteed online real time trading.......That said I'm not endorsing high charges

But to me it’s not feasible paying a high commission somewhere especially when you’re an active trader when you can get a cheaper commission from another broker.. after all you should try to maximize your gains too, unless being too loyal to your broker.

ositadima1:
I sold some shares today for the very first time (UACN, just above break-even , my little jijo funds was trapped for nearly one week and prices were heading south).

My observations are 0.91% for buying and 1.26% for selling. I use Morgan Capital.

Okay not too far from Afrinvest too... I’ll see if they can reduce my charges when I try deposit some more money into my account

Hey guys how much do you have to have in your trading account to have a chat with your broker to reduce your charges... I use Afrinvest and I just realized how exorbitant their fees are... they charge 1.35% and I’m thinking of taking with them first and if they don’t budge I’ll move over to MorganCapital... I just want to see if they can reduce it for me say to 1% so I don’t have to deal with the stress of migrating and moving my shares then gradually I can think of moving to MorganCapital

dharpzee:
Go to united securities registrars site, and download it.

thank you, i'll send them a message

Where can I get edividend form for Mtn? Who knows pls I’ve been searching for it?

RabbiDoracle:
With 24K surpassed, the next hurdle is 25,700.

We have entered the period where any company that releases bad results will even be getting serious bids on the stock.

This bull is from Burundi. (Buru in yoruba means wicked).

Best of luck!

Buru in igbo means carry

GTB is carrying the NSE along

maishai:
Rumor has it that FBNH is finalising the acquisition of Polaris Bank....... How true ?

Hmm, do they want to go the way of Access bank

Coolcash1:
My take on Access Bank 2019 personnel cost;

I just did an analysis of the bank’s personnel cost and realized that the cost went up by 35% compared to 2018. While gross income rose by c.40%, net interest income went up by 59.3%. In effect, the effective upside recorded considering surge in staff cost is just 5% increase in gross income and 24% in net interest income.

Further breakdown of the personnel cost showed that 70 persons were recruited/promoted into management cadre and over 2000 staff recruited in last one year. Thus, number of employees alone last year rose from 3998 to 6553 whilst management increased from 275 to 345.

The cost implication of this distribution is that, Access bank is bottom heavy meaning that if it doesn’t shed weight, efficiency will be eroded and might die natural death with time.

This however does not mean the top management and board should not be touched. There is need for some salary cut and reduction in the number of managers and board directors to complement the gain from the staff reduction.

For instance, I don’t know what the bank is doing with 10 GM, 18 DGM and 33AGM. This is just excess load on the bank’s profitability.

In the end, i think the step that the bank is taking is tough, painful and hard but justified. However, as a modification, it should consider salary reduction, rather than send over 4900 staff into the labour market to further worsen unemployment in the country.

Also, beyond top management pay cut, the bloated perks enjoyed by them should be reduced drastically as part of the rescue plan.

Very insightful... thank you

Hello do you still have it?

CHARLESNIPER:
so all the one on one post and engagement I had with deruggedy thief on d 25th was selectively deleted, while he's was left. And i was later banned from posting until dis evening. of course, my crime was standing up for the truth over the unfair way Sir OGG was treated. it's now very clear to me that this place is the tent of brotherhood of demons!!!! but no be me una go shake. me nah waffa Ode-Itsekiri bros. we no dey shake at all!!!!
@deruggedy thief, u and ur brotherhood of demons, all of una join, una no reach! u dey hear me so. tah, una don baff!!!!
I will continue to attack u and ur fellow oluku dem like that northeastern mumu, until una begin dey helpful as OGG be dey do here. u fools cant be a dog in the manger. u can't help others, yet u attack those who genuinely and selflessly offer help here!!!!
na hell dey await all of una!!! Orpkorpise dem!!!!

Bro you’re really derailing this thread... that matter is a bygone... please let’s post what relates to the subject matter of this thread

Has anyone really read Mtn result? Voice revenue increased as expected also data revenue... I just haven’t heard it mentioned much here...

RabbiDoracle:
Under the Rapid Facility. Many countries got it from IMF and World Banks.

I don't think there are conditions attached to that loan.

yeah, so the CBN has enough ammunition now, they've started selling forex again

https://www.mynigeria.com/NigeriaHomePage/NewsArchive/CBN-resumes-provision-of-forex-for-legitimate-users-355534
cbn resumes provision of forex

there might not be further devaluation considering the $3 bn loan granted to Nigeria by IMF yesterday.... thoughts anyone?

longlife20:
http://www.nse.com.ng/Financial_NewsDocs/29808_MTN_NIGERIA_COMMUNICATIONS_PLC_FINANCIAL_STATEMENTS_APRIL_2020.pdf

Nawa oh tax of 25 billion

Godlylifeoneart:
BEST ARTICLE OF THE DAY.

PREPARE FOR A DECADE OF LOW STOCK MARKET RETURNS
https://finance.yahoo.com/news/stock-market-valuations-elevated-low-returns-morning-brief-100032494.html

Who knows what the near future holds for the stock market? Certainly, no one could’ve predicted this year’s market crash, which was triggered by a pandemic no one saw coming. And few could’ve seen the market surge from its March lows.

It’s because of this unpredictability of the short term that investors are better advised to think long term.
Unfortunately, some of Wall Street’s top forecasters warn that stocks at current prices amid the gloomy economic backdrop are likely to deliver lackluster average returns for years.

“For reasons that will take time for historians to assess, equities did not immediately plunge to a level proportional to the historic collapse in the economy,” Citi Private Bank’s Steve Wieting wrote on Friday.

Specifically, they blame where stock prices are now relative to earnings.

“Valuations indicate 10-yr annualized returns of 4-5%,” Bank of America’s Savita Subramanian wrote on April 16. The S&P 500 today is trading at similar levels as when she published her forecast.

“Whereas valuations are poor near-term market timing signals, valuation is almost all that matters for the long-term,” she added. “Based on regressions, today's valuations suggest S&P 500 annualized 10-yr price returns of 4%-5%. This is lower than average returns in prior decades and roughly half of the 8% annualized price return we've enjoyed since post-WWII (1947). But valuation metrics are mostly elevated relative to history, suggesting an inferior entry point vs prior years.”

Subramanian noted that this is in line with a recent San Francisco Fed study of 15 pandemics going back to the Black Death, which found economic effects tend to persist for years accompanied by below-average asset returns.

Wieting came to a similar conclusion after reviewing the cyclically-adjusted price-earnings (CAPE) ratio, a measure which was popularized by Nobel prize-winning economist Robert Shiller and is credited for predicting the dot-com bubble.

He notes that unlike the global financial crisis of 2008, the coronavirus pandemic isn’t offering a particularly attractive valuation proposition.

The long-term outlook for stock market returns doesn't look great. (Citi Private Bank)
The long-term outlook for stock market returns doesn't look great. (Citi Private Bank)
“Fast acting policymakers with the experience of 2008/2009 and the exogenous, largely temporary nature of the virus shock have helped,“ Wieting said. “Also, the severe weakness and double-digit returns that followed the Global Financial Crisis — with so many investors never comfortably taking equity risk — left money on the sidelines, looking for a dip to buy.”

“With neither fear nor greed vanquished for now, we believe U.S. large cap stock investors can look forward to more middling returns,” Wieting added.

At least Wieting and Subramanian see returns. The managers at GMO see annual real returns over the next seven years averaging -1.5% for large cap U.S. stocks.

Elsewhere in valuations, the ratio of the U.S. stock market capitalization to U.S. GDP — Warren Buffett once called it “probably the best single measure of where valuations stand at any given moment“ — is also elevated.

That said, history doesn’t always repeat. And for what it’s worth, Robert Shiller raised doubts about the CAPE ratio and Warren Buffett warned against considering market cap-to-GDP in a vacuum. And everyone will further tell you that low interest rates justify higher equity valuations. It’s a lot to think about.

By Sam Ro, managing editor. Follow him at @SamRo

The same analysts that would start making notes telling clients to buy buy when stocks start rising

olusiji1:
If I could teach you how to make money with your smartphone in this LOCKDOWN would be interested? TYPE YES or follow the link below
https:///Kr9uK05lRQSLhOhM5IGgPF

This is the wrong forum, people here already know how to make money

Mcy56:
Africa Prudential Registrar PLS TAKE NOTE!

.

Mcy56:
Waoh!!!
I logged in here, saw plenty pages and said "hope I'm not late to the party" thinking you're sharing hampers and relief materials, because free things like this is one of the things that generate traffic.....but I was wrong.
Okay, let me continue reading first....

Haha are you sure you can read everything

Northeastern:
The guy is a joker. He 'invests' people's money for a share of the profit (not loss) so he's always out pushing stocks that he's taken position in.

Whoever has money does not have time typing an epistle, it is those that are seeking pecuniary gains from unsuspecting followers that does that.

You could have approached this better, everyone has a part to play here, it’s now up to every man to do his own due diligence and take decisions that they’ll be responsible for.. newbie or not. thank you.

locodemy:
I am particularly concern buying/selling stock on that particular qualifying date.
One may miss or be lucky when he doesnt expect it that way.

we should learn to buy/sell 3 days before the said date to avoid who knows..........if

That’s true but also there are some times when buying on the said date provides a great bargain

Mcy56:
Yes. Fill and submit it. Once approved, you will get your dividend.
Dividend could be claim up to 10yrs back......not sure if someone can claim if it's above 10yrs.

Thanks as always mercy, it was just this year... I was worried I wouldn’t get it. Thanks

House please I had Mtn before the qualification date and I still have it now, I didn’t fill e dividend form can I fill it now and still get dividend paid to me?

onegentleguy:
I get ur point.
But the truth is; there is no way a strain in globalization will not affect them.
...China is the industrial and production hub of the world.

Again, there is reason why the Gov't/leaders will want to focus more from within to grow their economies.
The concerns around covid-19 means that there'll be serious disruptions in global supply chain, so job markets accross the globe will come under a lot of pressure.
As a result, most countries will want to protect their own by creating the needed environment and allowing for more produce back home(backward integration/import substitution). ...that way, they can cushion job loses.
Japan, Germany and the US have already started out with these measures.

This goes beyond wanting to just pick a quarrel or even a fight with China.

That country will likely not remain the same post covid-19. ...especially in the short to mid-term.

Regards

Or they might look at other countries beyond China. Other south-Asian countries if I were them I’ll equip myself to benefit from this because they have the expertise