₦airaland Forum

Amumaigwe:
On the contrary, those women were the ones that cheated. Men don't talk about their cheating wives for their childrens' sake. Get that.

ryloy:
It is neither profitable nor liquid....it is just fanciful with a lot of risks

jeromestarks:
For every 5 girls you see on the street of Lekki, 10 are olosho.

emmanuelewumi:
From EPS of N17.49k about the same EPS with GTB

pansophist:
Yes, and so?

Apart from visafree access, what other benefit does a British passport have? Tell me.

With 100k USD, I know how to utilise it and in few years, I will get the nationality of an EU country, its far better than British pali

LordAdam16:
You are far more certain than the Israelis taking unprecedented precautions.

-Lord

pansophist:
EU passport, maybe yes, but a UK passport? Hell NO.

After Brexit, the UK lost its competitiveness. The only usefulness of the UK passport is the visa-free travel it affords its carrier, unlike an EU passport that gives the holder rights to live and establish anywhere in the EU, just like moving to a different state in Nigeria.

Before, British students who didn't want to be in debt just for going to the university could maybe travel to Sweden or Norway where studying was free, but since they left the EU, they will pay expensively just like Nigerians.

100M abeg, British passport can go to hell.

obiekunie01:
waitoo!

so na like this bobrisky take become super star!

ernie4life:
Cp offer

chipa:
To be Frank with you though it looks like a joke it looks like what is happening. Let ask ourselves why is Access bank the only bank that had it's audited financial account approved? Because the dividend payout to shareholders was so small from N17+ EPS you just gave paltry N2.10 to the owners of the bank and you are still coming to the same owners to ask for more money? Please judge this case. I know some others may be finding it difficult to get their account approved maybe because they want to reward their shareholders well and ask for more money so that their banks can expand make more money and pay them better dividend next time. That makes better sense. I pray that at the end of the day reasoning will prevail.
Let Access bank don't think it is over yet because the money they failed to pay their shareholders in dividends will be used in doing extensive marketing for their public offer or right issue. Secondary they will use their retained earnings to pump up their price before coming to the market.
On a more humorous note the saying that we are what we eat. I remembered one bank that had such characteristics before 2008. (Intercontinental bank) That was swallowed by access bank would I now say that Access bank is like what it eats......... Thanks.

Nazgul:
Lol...I agree

I'm sure he was shouting Jesus as he fell, forgetting that he's Jesus.

ositadima1:

Yield to maturity (YTM) is a metric used to calculate the total return an investor can expect to earn if they hold a bond until its maturity date. It takes into account the bond's current market price, par value, coupon interest rate, and time to maturity. Here's a simple explanation:

Imagine you buy a 100 bond that pays 5% interest per year (the coupon rate). You pay 95 for this bond, which is less than its 100 par value at maturity.

The yield to maturity tells you what your total investment return will be if you hold this bond until it matures and you get paid the full 100 par value.

In this case, the yield is higher than the 5% coupon rate because you bought the bond at a discount of 95. The YTM calculation figures out what that higher annualized return is based on the purchase price, par value, coupon rate and years to maturity.

So if the YTM is say 6%, it means that with the 5 annual coupon payments plus the extra 5 you make from buying at a discount, you're earning an equivalent 6% annual return on your 95 investment by holding to maturity.

In simple terms, YTM is the true annual return you will make on a bond investment from the purchase date until the bond matures, accounting for the purchase price versus the par value.

ositadima1:
Excel can do the magic for you ooo! Use the Yield function in excel.

"Excel's YIELD function calculates the yield to maturity (YTM) on a security that pays periodic interest, typically used for bonds. Here's a breakdown of the function's arguments:

* Settlement: (Required) The date you purchase the bond (settlement date).
* Maturity: (Required) The date the bond matures and you receive the principal repayment.
* Rate: (Required) The annual coupon rate of the bond.
* Pr: (Required) The price you pay per 100 face value of the bond.
* Redemption: (Required) The redemption value at maturity per 100 face value (usually 100).
* Frequency: (Required) The number of coupon payments per year (e.g., 1 for annual, 2 for semi-annual).
* Basis: (Optional) The type of day count basis used to calculate cash flows (defaults to 0 or 30/360).

Note: Dates in Excel are serial numbers, and the function truncates some inputs to integers. Ensure your dates are valid and entered correctly."

emmanuelewumi:
Because you are buying at a discount. Buying at N72. 20k and getting coupon of N12. 5, your yield will be about 18.5%

emmanuelewumi:
That should be an error

How can the market price be N20 and the coupon is 12.5%. That will give a yield of about 60%.

Based on what I have below the current price is about N72. 20k

emmanuelewumi:
I just read that the trending news is false

advanceDNA:
They will even pretend and blame you for their hoe-ing.

Met a girl ...werey told me she had a boyfriend
But will still date me because the guy is doing one kind....she will now always ring it in my hear what great sacrifice she's doing hurting her boyfriend because of me....btw..she has another guy she i saw in her whatsapp she send nudes too..

I'm like ....werey!!!!!!!! U are a fvcking hoe....just own up to ur vice and lets be hoes together.. all this ur manipulation wont take u far

WrriterNg:
⚡Argentine President Javier Milei plans to fire 70,000 government workers — Bloomberg

emmanuelewumi:
There is a very highly liquid secondary market for fixed income assets where transactions running to hundreds of billions of naira are done daily. It is far more liquid than NGX.

Freethinker87:
I don't even blame the Cardoso - His name sounds like a flavoured alcoholic beverage. Look at the man, he studied Business Admin at University due to his fear of mathematics. The day he finished his NYSC, he was appointed as the Vice President of the defunct Citi Bank through a family connection. That was how he got into banking.

I'm not making these things up, look at his resume.

InvertedHammer:
/
He used the prescription for asthma in Europe to try to cure cancer in Zimbabwe. In other words, he is using the textbook implementation (increase rate to mop excess liquidity) used by Western developed economies to fix Nigeria's voodoo economy. Comparatively Japan (the 4th largest economy in the world) just increased their monetary policy rate from negative to 0 - 0.1% and that's the first rate hike in 17 years. China's prime rate remains unchanged at 3.95%.

Perhaps someone can explain how a poor country trying to spur economic growth will increase her MPR to 24.75% Shylock rate. Nigerian economy is in coma and Cardoso is feeding it Sniper to quicken her death.

/

Freethinker87:
Mr Economist.

While I understand the steps taken by the CBN to control inflation, I respectfully disagree with your perspective.

Increasing MPR to 25% means that banks will offer loans at over 32%. This new interest regime will be detrimental to businesses that rely heavily on loans for their operations.

With such high-interest rate, the cost of borrowing will go up, significantly reducing the overall liquidity available to businesses.

This will certainly lead to a slow-down in business operations, entrepreneurship, and consequently the economy like Chief Tinubu promised during the campaign. Nigeria does not have an excess liquidity problem, we're suffering from a FX scarcity.

It is highly unlikely that any legitimate business can survive, let alone thrive, under this condition. FGS businesses are struggling currently, with many multinationals shutting down operations in Nigeria. How much more SMEs?

Instead of mopping up money from the system, providing financial support and grants to businesses and entrepreneurs can stimulate the economy and eventually strengthen the Naira, but No! let's use our scarce FX to sponsor Hajj tourism to Mecca and import foreign SUVs for legislators while the illegitimate President and his wayward son travel in a 70-vehicle convoy.

emmanuelewumi:
FGN savings bond is different from FGN bond.

FGN savings bond is for 2 to 3 years

FGN bonds are for 5 years to 20 years

emmanuelewumi:
It is a dollar investment, that is even on the high side in the country that owns dollar that is US

emmanuelewumi:
About 5%.


I won't advise you to buy dollar denominated fixed income fund now.


You will get dollar cheaper by June

emmanuelewumi:
I have both of them, my average cost price is less than N5. 00


Sold 25% of my United Capital and 20% of my Nahco shares last week to buy fixed income investment at 20% guarantee return

emmanuelewumi:
2031 is at 20.3% yield but currently selling at N93. 40k but the investor will be paid N100 at maturity

2034 is at 20.5% yield but currently selling at N93. 67k but the investor will be paid N100 at maturity.

Compared to 2042 at a yield of 18.5% currently selling at N71. 47k but the investor will be paid N100 at maturity

ositadima1:
I asked Claude 3:

To calculate the EBIT (Earnings Before Interest and Taxes) correctly, we need to use the information provided about the market capitalization (market cap) and the price-to-earnings (P/E) ratio.

Given information:
- Air Macklon's stock price is $45 per share.
- Market capitalization is $13.5 billion.
- Price-to-earnings (P/E) ratio is 10.

Step 1: Calculate the earnings (net income) using the market cap and P/E ratio.
Earnings (Net Income) = Market Cap / P/E ratio
Earnings (Net Income) = $13.5 billion / 10
Earnings (Net Income) = $1.35 billion

Step 2: Calculate the EBIT (Earnings Before Interest and Taxes) from the net income.
EBIT = Net Income + Interest Expense + Tax Expense

Since we don't have information about the interest expense and tax expense, we cannot directly calculate the EBIT from the given information.

However, we can use the enterprise value (EV) and the provided EBIT value to work backward and find the correct EBIT.

Given information:
- Enterprise value (EV) is $43.5 billion.
- EBIT is mentioned as $3.4 billion.

If the EBIT is $3.4 billion, and the EV is $43.5 billion, then the EV/EBIT multiple is:
EV/EBIT = $43.5 billion / $3.4 billion ≈ 12.8

This matches the information provided in the example, which states that "Macklon's EV was $43.5 billion, or nearly 13 times its $3.4 billion in EBIT."

Therefore, the correct EBIT for Air Macklon is $3.4 billion, and not $1.35 billion, which represents the net income calculated from the market cap and P/E ratio.

In summary, the EBIT of $3.4 billion is the correct value based on the given information about the enterprise value and the EV/EBIT multiple."

ositadima1:
Good or Bad?