₦airaland Forum

pocohantas:
You guys shouldn't give me headache na. Please read a post and understand. Yes, bankers love deposits, but deposits without transactions is nothing!

If you had read further, you will see where I said, deposit is good to trade and avoid pool borrowing. So, yes, money for risk assets comes from deposits. But deposit isn't the all and all of any branch.

You deposit money, they pay you interest. The customer is even the one gaining. So how exactly do you get back from this customer? Because banks are there to make money.

What is the core function or definition of banking? How do banks make money? Deposits? NO!

How much does deposit itself reflect on the PBT/revenue of a branch?

You are the one not reading what others are saying. Go and read a banks financial statement.

aremso:
i disagreed with the bolded, check the financials of the banks especially the FUGAZ, about 30-40% of their revenue were from TB and where do they get money for investment in TB if not deposits?

Thank you for this.

People won't read financial statements or get facts, they just assume a lot of things.

pocohantas:
But tbh, deposit is nothing in the long run. It helps, but it doesn't really impact on the bank's revenue.

What banks love is risk assets or transactions that bring quick money. Like dorm transfers and all. What is deposit? Deposit is just to avoid pool borrowing and probably trade. It doesn't pay salary...

You can quote me on this, currently majority of Nigerian banks make money from Tbills, so FD will surely help to create more funds to do Tbills.

cy4cent:
I agree with you perfectly about the staffs at First bank's intentions of hindering him from investing.
My account's officer told me TBills is not a good investment, that fixed deposit is better. I couldn't believe the mail she sent me when I asked her opinion, I had to chat her up on what's app, she repeated the same thing.

I'm on this thread reading these messages to confirm if I'm being paranoid about her intentions, unfortunately I can't go to the bank myself to confirm.

Kindly sack your account officer. Lol!

Bankers will always do what is in their best interest, not what is in your best interest. Same as brokers. Be guided sir! There is no way in hell Fixed deposit will be better than Tbills, from safety to returns, you name it.

Heishere:
Meant placing a bid with my broker before the trading started on NSE. He ended up not getting me any...

Lol! What did you expect?

Brokers got for themselves, family, friends and rich people they will continue to do business with, hoping others will buy it at a higher price. They have been heaping praises upon praises on MTN, I find that odd. Lol! It means only one thing... direct monkey hunting.

brane:
Does any of us invest with CHAPEL HILL DENHAM.

my findings revealed that they are leading in terms of rates for MMF.

Like they say 'all that glitters is not gold'.

kindly share your experience. if you have done business with them.

Their rates just started leading. FBN MMF has been the most consistent so far.

owoblow77:
Maybe boss. But right now, the frenzy and hype no be here. Remember Facebook's listing frenzy.

Ai.

We will see if people have not learnt from the past weeks/months.

Will be a really interesting thing to watch. Can't wait.

owoblow77:
Yes na. Life is a gamble. Even all the ogas Dem no dey against MTN. Na entry price Dem warn us against. So I die there. I ride or die. BUT my death ain't soon.�

Entry price of 90 naira is still overvalued.

Mcy56:
You wey don follow deepsk go since all these days, na now you remember home. See as I dey look you.....

Me and deep gini?

No o. This heart is only for you my dear.

Agbalowomeri:
Cat no dey house, rats don take over
Issokay

Ah! Agba baba shey I dey cross my boundary?

Mcy56:
See this runnaway luff, Mtn don bring you back from sabbatical bah.

Hehehehehehehe

Baby, you know you are the only one that can bring me here, even before something like MTN.

They say home is where the heart is.

RabbiDoracle:
Your call on leaving it alone is the same I have.

In the Serengeti the best catch is gotten when you stalk and Chase with all animals unaware.

Now everyone is looking and wanting to jump in. I usually stay out.

People can make money from the stock but there are other tested companies out there trading at a discount. I cannot come and kill myself.

Nuff said! 100%

currentprice:
I agree with u bro. i ask for the "Net asset" nobody can post it.

Bro. Hehehehehehe. Longest time.

If OGG is right about their PAT last year being 140+ billion naira, they don't have any reason to be trading at 90 naira. Fair value is probably below 50 naira considering the current bear market and comparing with a slightly overvalued company like GT bank, and a deliciously priced Zenith bank.

The fact that the no one knows the Net asset, as you said makes me think this was very deliberate on their part, probably advice from their analysts.

This is not an MTN opportunity for Nigerians, this is an opportunity for MTN shareholders to cash out large!

RabbiDoracle:
That was what starcomms used. They were reeling out losses(LAT and not PAT) and they kept using EBITDA because this was positive. All men went to their tents when EBITDA started showing negative.

Sometimes @deepsuck says the truth about scammers trying to turn people to shellholders.

IPO ~ It's Probably Overpriced.

What a wise man.

Caution. Caution. Caution.

RabbiDoracle:
Don't mind him.

Q1 2019 PAT was N48.4b.

Try and extrapolate this to 4 quarters. And it could come lower possibly.

I don't do IPO. I wish people can learn from times before 2008 crash.

But wetin concern me. No be my money!

I am just worried that Book value, EPS, PE, debt to assets and all other important stuffs were not mentioned, just basic stuff that don't mean anything or could mean something. Lol!

Make una trade with caution! I rather wait for their detailed Financial statement, than buy now on speculation.

madprophet:
Boss,

Do this MFB pay as at when due?

Or I should just stick with my FBN MMF?

Stick with what you know. If you can take the risk go on though.

amjustme2:
They should upgrade to Fund Managers,

Join FMAN

And I will start taking them serious.

They can't join FMAN because of the nature of that asset/investment. It's not regulated, it's just pure debt backed by the good will of ordinary good credit ratings. Nothing more.

I have seen guys here talking about the Juicy Renmoney rates...

it's simply high risk, even higher risk than Equity IMO!

Guys this is definitely a new bubble! I can bet one day this market will crash. GTB is already trying to play the game, but everyone has forgotten how NPL's nearly destroyed the banking industry and the Nigerian Economy. Move with caution with all this higher rates, remember the higher the reward? Then most definitely the higher the risk!

And for those that will say something about life without risks and blah blah blah, I agree, but it seems many of us have forgotten why we like Tbills and FG bonds, it's not because it will make us rich quickly, it's because it is safe and consistent. By all means take risks, but know the type of risk you are taking.

Desanta:
Euro Bond is sold in USD and not Euro.

If you read his statement well, you will see he already knows this.

TotoNaRubber:
I'm about to convert £90,000 to invest in TB, as much as the interest in TB is tempting, i prefer my hard currency anyday, anytime.

The value of my raw cash could slighly go up or crash by 50% value if these idiots that occupy CBN make a wrong move again.

EuroBonds isn't in the plate as i hold currency in GBP not USD.

If you prefer your hard currency any day any time, why don't you invest it in Tbills of the country you reside in? (I am assuming you stay abroad?)

If that is not an option, then converting to USD and doing Eurobonds is your best bet. All it takes for the naira to crash is fall in oil prices. It will take a lot more for the USD to crash, even against the GBP you have.

So the question you should be asking yourself, how soon will you need the money? Or what part will you be needing soon? If you will be needing like 10% soon and want to invest the 90% for a mid to long term, then leave that 10% in Tbills and 90% in Eurobond, overtime you can review the % you want to share it in.

Forget the current yields of Tbills and Eurobond, when naira is hit hard, all this yields become insignificant. Apart from those who have been compounding for a while, recent investors will suffer hits the most.

It's your money, do your research and make your choice.

mendes911:
This is one of the "apostles" of Sir ChiBuKing:

http://www.nse.com.ng/Financial_NewsDocs/25940_JULIUS_BERGER_NIG._PLC._FINANCIAL_STATEMENTS_APRIL_2019.pdf

EPS Q1 drop from N2.23 (2018) to N0.20 (2019).

Obene Kwa Kwa.... x4

Hahahahahahahahahaha. Chai.

Una no go kee person.

Mcy56:
Lol. My luv no vex, we go attend to that ministry later, I still dey negotiate price for market.

Lol.

It's ai.

Mcy56:
Maybe, maybe not.

......waiting in za oda room....

Mcy56:
Not what you think my luv.
Its only you na.

Alright baby.

Mcy56:
I dey oza room dey wait for you na.

I see...

I hope you mean waiting for me?

Michael11stock:
not at all just want to know how many people she want expose. Bring your mind back

Hahahahahahahaha

Yes boss.

Michael11stock:
deepsuk how deep can you go?

This question is all shades of erotica...

Mcy56:
My luv, na you and my true ogas I come greet. Believed you're good. Oya chop kiss.

Received slowly and returned with more love.

Damolux01:
That 1.8m should give you nothing less than 4m in 12 months...Far better than this our TB. Anyone interested in a genuine landed property can contact me please.

The idea that someone will come along and buy land from you at a higher price, in a country with increasing population, but reduction in growth rate, reducing GDP, reduction in GDP per capita, increase in unemployment etc is ridiculous.

Stay safe out there people.

stcool:
My brother forget this analysis for now... If you see DF buy... Shekena
All this calculation Aliko Don do am, they are going to pay N26.

How far with all our Diamond bank analysis

Guys did any report or Aliko or Olam say anything about paying 26 naira per share specifically?

This looks different from the Diamond/Access deal.

Especially considering total asset of DF including debt is 127 billion naira, and Olam is paying 130 billion naira to get the whole business. Coincidence?

Trade with caution guys.

Mcy56:
Thanks dear. Let me see anyone forming enemy again, you go hear am.
Lol. Na joke o. ...... My luv, dont mind them, I'll always respect and make you proud by being my good self at all times. They cannot come and go and be spoiling my fun. I no get their time anymore. I'm calm and queitly enjoying my Easter holiday. I biliv you're having nice time too. Thanks.

Proud of you.
Yes I am.

Mcy56:
Mcy on your Raleigh bicycle! ......Make somebody no come spoil my already good mood for my luv.

Now that I am here. They can't!