₦airaland Forum

currentprice:
some will retire their 9-5 thing by 2025 because we are making too much money next year

Happy xmas and new year in advance to everyone

back to my hole

Thank you jare, 2024 blessings upon blessings. we dey with you. Seasons Greetings!

ggoldmine:
Yes. I haven't received mine.

might be a GTbank thing.

My PRESCO div delayed aswell, finally came in yesterday.

lexy2lexy:
Anyone yet to receive Okomu Oil interim dividends?

I am yet to receive aswell.

yMcy56:
1. I think it's the trading portal from NGX because Morgan and other houses are connected live to it.

2. The fact that your bid/offer is removed from up to down sometimes doesn't mean your first place has been removed or you've been removed from the first place.......I've also had same thoughts before, observed this overtime and realized it doesn't remove the bid from it's original number.

3. Cross deals are responsible mostly for the bid transactions, only the ones sold directly on the floor can get your bids/offers filled....

*This is based on my observation overtime anyway*

Very true, once there is an offer at your price on the floor, your bid will continue to get filled, even though you seem to be at the bottom.

The phenomenon he is speaking of happens when your bid is partially filled, but then a transaction occurs above your bid price.

It doesn't change your real position @ that price, on the floor as Mercy stated.

https://doclib.ngxgroup.com/Financial_NewsDocs/39732_OKOMU_OIL_PALM_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/39730_OKOMU_OIL_PALM_PLC.-OUTCOME_OF_BOARD_MEETING_CORPORATE_ACTIONS_OCTOBER_2023.pdf

OKOMUOIL Interim Dividend N4.50

Emndy:
Something were ppl don dey mop b/w N50 to N60 in the past weeks. The Q3 he is expecting is of little effect considering that DangoteFood will be listed in 3 months @ a price most likely around N100 +/-N10 and will continue its northward journey chasing BuaFood.

If him want buy, simply load up enough quantity you are comfortable with. Stop to dey wait for Q3 result. By first week of November e fit dey late.

I think the November run is about to begin this week for Dangote Foods (DanSugar/Nascon)

Willie2015:
Quit being an investor...
a long time ago...
Am a trader. ..now
Once I made a decent gain..
next action is to exit...
Push the gains to Real Estate and Fixed Income....
Opportunities will always present itself..
After Q3 result by EOM...
Na sit down look ..
all of us go dey...
for the whole of Nov.....
till first 2 weeks in Dec...
Make MSCI carry their kaya comot for sale first..

Ok. Great, always good to have a strategy that works for you.

Willie2015:
Nov is almost here!

E be like say you been neva load-up all these while oo

It's alright. No need for me to shalaye, let's see how it goes for DangoteFood (DS/NASCON) this November.

Willie2015:
Q2 interim dividend is out ...
Q3 results are almost out...
Nothing to excite the market after point 1& 2...
Till Santa Claus rally..
November is historically bearish...
We need pull backs...
To reload for Santa Claus and the New year,,,

Your portfolio can't be bearish if you are well positioned in the "DangoteFood" bus oo. This November na bullish bull o

unite4real:
You wouldn't expect this information to affect their Q3 report I suppose. The proposed plan to upscale production is still work in progress and not in the past. So their Q3 report will not show any thing related

Something were ppl don dey mop b/w N50 to N60 in the past weeks. The Q3 he is expecting is of little effect considering that DangoteFood will be listed in 3 months @ a price most likely around N100 +/-N10 and will continue its northward journey chasing BuaFood.

If him want buy, simply load up enough quantity you are comfortable with. Stop to dey wait for Q3 result. By first week of November e fit dey late.

jideflash:
People will sleep on UCAP. Bonus suspected

Let them sleep

jideflash:
Ucap had a fantastic result. But refuse to add the comprenhensive income when calculating their EPS. This is to disguise the gains, while their insiders mop up the shares. I suspect a bonus issue soon. Ucap at 15naira is a steal. 20-25 naira is the target in 6months

I suspect a bonus issue soon aswell.

jideflash:
Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), have announced a record-high 226 per cent jump in Gross Written Premium (GWP), from N6.1 billion in 2021 to N19.9 billion for the financial year ended December 31, 2022.

With the strong performance sustained in its second year of operations, Heirs Insurance Group has become the fastest-growing insurance group in Nigeria. https://www.thisdaylive.com/index.php/2023/09/06/heirs-insurance-group-posts-n20bn-revenue-in-2022

Good one for UCAP since it owns a part of this bussines

Thinking also of how the Head of the UCAP's microfinance bank/consumer finance (Richard Akindele) is purchasing UCAP shares, One can only infer that there might also be a very good growth/performace from his arm of the business (i.e. consumer lending & co.)

I see an increase in the dividend for FY23

emmanuelewumi:
Smart people know that it is good on the long run to convert their active incomes made through salaries, trading profits, commissions etc to Investments or ventures that will give passive income like rents, dividends, royalties, coupons, interests etc

This statement above is the summary of my investment jouney and mehn, it is the best financial advice anyone can get.

Plant trees whose fruits will ripen & drop off in seasons, without your active participation

Consistently use your active income to buy assets that produce passive incomes

This is how you achieve true freedom.

phoinix:
The ratio of DSR:NASCON:DRL is 70%:14%:16%.

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agbekoya:
Instant buy/sell available on a number of Nigerian stockbroker platforms. I recommend Morgancapital group with their itrade platform you are live on the exchange.

Seconded!

Ahahahahahahahaha.

This one got me.

yMcy56:
Lol.
Even Deap Capital resurrected! Chai!!

Newbie's abeg beware of traps o, Daarcoms, Dunlop and Deap Capital are no go area for now....
* If you buy you're OYO..

YoungBuffet:
Oga, leave those people abeg, a friend was telling me how he intends growing 20m in zenith bank to 300m In next 12yrs not waiting for dividend just buy at 19 sell at 26 take the money to MMF then reinvest again when The Price is lower then finally settle down for dividend of 20m yearly na that time my closed eyes open that I needed to buckle up oo. Since he opened my eyes I have been thinking on how massive wealth can be made by being smart

“Most people who have been really successful in the stock market say the same thing – that they’re not smart enough to get into the market and out of it. So they tend to remain more or less in the market at all times.” – Walter Schloss

yMcy56:
I understood the need to diversify, that's not really my point, but just curious because of the way some were dumping choice stocks, that hope it's not out of ignorance.
They may come back to buy higher later.

Investment objective matters (short term/speculative? vs long term? cashflow?).

It is understandable that with the news of interest rate going up will encourage profit taking. I'd encourage that for any short term plays.
Where as "longterm/Dividendgrowth" investors will be busy piling up cash, hoping and watching patiently to mop up great businesses at bargain prices. "Patience" will be key.

yMcy56:
Talking about the raised interest rate to 13%, don't we think there'll be less borrowing and NGX be more attractive??

If TB rate increases, can it still match the ROI on some selected stocks coupled with possible price appreciation Y-O-Y view?

While looking at the returns, always consider the risks. A well diversified portfolio is always helpful.

chigo4u:
Do you have idea of performance of FBN Eurobond fund or stanbic Eurobond fund? Rates

FBN Eurobond fund: 3.46% YTD
Stanbic IBTC Dollar fund: 2.63% YTD

exclusiveoloori:
Fbn quest says they have changed account details so I was sent a new one by one of their reps via mail. She said the whole process is online. Can anyone here send me their new account details for confirmation before I do the transfer? Thanks

Yes, fund managers now receive funds/subscriptions via their custodian banks (as it should be).
FBNQ made the change too.

hope this picture helps.

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Emmanuelewumi

Thank you sir.

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Biafran4life:
Bros you they do magic...what

Bros, "compounding" they say is the 8th wonder of the world. Those who understand it, use it.

9m investment every year @ 15%

Year 1: 10.35m
year 5: 69.78m
year10: 210.14m
year15: 492.46m
year20: 1.06B
year25: 2.20B
year30: 4.5B

emmanuelewumi:
From my calculation, N9 million every year for the next 20 years @15% grew to N1 billion.

I stopped calculating, the initial plan was to get the value in 30 years, but had to stop at 20 years.

I want the results from others if they will tally with mine

9m every year for 30years @15% will result in N4,499,612,265. (i.e. 4.5B).

The joy of compounding becomes very very pronounced from year 20 to 30.