Adinije:
Where are the "dollar will reach 3000/$" gang

https://nairametrics.com/2024/04/08/cbn-sells-dollars-to-bdcs-below-market-rate-at-n1101-1/

uckennety:



Ask tinubu and ajuri

locodemy:


You are my opposite.
I don't do long term

locodemy:


If I tell you my story you will know why I became a day trader.Now I am a swing trader because of the activeness of the market.Soon I will get back to look for my usual 10% profit.I no longer get trapped or stay long in the market my brother.Either I selloff with profit or small hair cut and move on.I don't even look for dividend self because that one can make you average down tire.Experience is the best teacher.

Watch out for Nestle.Its like the driver don comot with key and leave empty bus for passengers.it is one of the best fundamental stocks in the market.

emmanuelewumi:





Based on the latest market update sent to me by United Capital the average

Price Book ratio on NGX is 2.2

Average Price Earning ratio is 11.1


Based on Graham's model, at a price book ratio of 2.2 the average return on equity should be 16%.

Based on an average return on equity of 16% the justified average Price Earning ratio on NGX should be 13.75.


With the current average PE of 11.1 the ASI will need to increase by 24% to have an average Price Earning ratio of 13.75 or ASI of 78,000.

Considering the current yield in the bond market, the expected increase of 24% will be discounted to 20.5% by using the average yield on a 10 year bond and the current yield on a 10 year bond.

So we should be looking at ASI of 75,000 for the NGX to actualize its intrinsic value.






I will advise people to look into stocks whose unleveraged return on equity is more than 16% although 20% and above is preferable and currently have a Price Earning ratio of 12 and below.




My opinion though.



Please do your due diligence

yMcy56:


They are responding to emails.
Only that I can't drop a staff's mobile here.
Try and put yemisio@morgancapitalgroup.com in copy.

yMcy56:

Call their landline nah

014540114

emmanuelewumi:



Do your due diligence and consult a financial adviser.


Return of my money is more important than return on my money.

Good luck

handsomebolanle:
Please how is a company like Risevest able to give 8%
Interest PA om dollar investment?

Is it safe to invest with them?

seunlaww:
Is anyone here or knows some that recently travelled to Nigeria from UAE? Are they still asking for permit to travel at the airport cos the nsdc page to get the permit hasn't been opening for days now.

pluto09:


The entity selling GTB appears not to be done yet..the sell pressure is still there.
I only hope their q3 result will be better.....

daddymgg:
Good morning guys
Buying zenith bank or gt bank 100,000 unit

Or

Use the money 2million to buy USD, which one is better.

For short term like May 2023 before I can liquidate

emmanuelewumi:



I am sorry I don't invest in what I don't understand, unregulated Investments and High Yield Investment Schemes


I remember you wanted me to invest in your logistics business about 3 years ago which I politely turned down and advised you on what you needed to do in other to get fund from banks and finance houses..


Never knew you still have a grudge with me because of this.


Ponzi schemes will give about 3% of the participants money but 97% will lose money big time.

There is a relationship between people who invest in Ponzi schemes and dead stocks which can give the lucky few a 200% return in few months

sonofElElyon:


I noticed myself something I considered a warming signal ! Obviously i didn't want to invest without explanations regarding this.. insulting me isn't the way to go please.. Someone telling me to burn my money instead of investing isn't an insult.. it's simply emphasizing how worthless and money wasting the investment would be. Saying i invest in ponzi on the other hand is downright insulting.. I don't talk to people that way and won't be spoken to like that either.. same way someone here said i must be high for listening to Peter's advice. The same mercy and co jumped to the person's defence.. I maintain my position that blind loyalty operates here.. if not let me see you correct Emmanuel ewumi for saying without proof that i invest in ponzi scheme and digital agric !!!

RabbiDoracle:




This was the post that started the admonition.

This first post showed that you were about making decision to buy something 'toxic' perse.

And your attention were drawn to the fundamentals of what you want to buy. Maybe you got upset when you were referred to as ponzi investor. This shouldn't make you have such hard feelings.

Now you talk of Mcy supporting people. Do you know she lost money trading Skyebank (when it was nationalised on Sunday morning) after people warned her about the same fundamentals that Unity Bank is exhibiting today?

I do not think it is a cabal thing being created. They are only helping you to make an informed decision. One poster even said you should set your money ablaze instead of buying the stock.

Can the stock rise due to uninformed investing? Yes. Can you make money using technical analysis? Yes. But they are just drawing your attention on the fundamentals of this bank which if all that applied to Afribank, Union Bank, Bank PHB, Skyewere to apply to this same bank, you will not be happy.

We knew this bank since SLS time o. So no be today the bank don dey like that. It has political clout.

It is not a cabal thing. They are only telling you to be careful.

Lovelygbems:



We run investment packages....one of the many financial instruments...that's what we seek approval for and not on any of our other businesses

If you read the statement well, you'd see where we stated that we used to do it among a few people and share profits....it was when we started to go large scale we sought them out for approval

Now, I feel I need to explain better what we do here to clear misconceptions...

If you watch LIONS DEN on TVC, you would have a fair understanding of what we do....

As a holding company,we have controlling interests in these businesses

A private equity it is because they have not gone public yet

Now, what you call "jack of all trades" is what we call not putting our eggs in one basket....

These companies we target (both start ups and buy outs) are researched to be in key sectors such as oil and gas, dredging, real estate, Agriculture etc


Now, you say high interest rates....but is it high interest rate without the right time value?

For example,

I ask you to Invest 10m in our petrochemical to pay you interest and capital back in two years.....

In just one of our sales outlets, we can get this money in a week....not to talk of two years

Again, i ask you to invest same amount in our pepper farm in one year....pepper matures in 3 months.....we would have gotten profits four times over before we share with investors

Are these not viable businesses? Can you call them Ponzi?

These are not audio businesses....they exist and are functioning well

The idea of having many again is not to have our eggs in one basket. Believe it or not, we have thousands of investors we are accountable to

It isn't possible that all these businesses won't bring in profit at thesame time....

So we understand the business space quite well

Those that have gone under probably didn't diversity well or have a strong and experienced management team

We are not a one to two man business....we have a team of experts in our top management team.....those who have attended world class business schools


We are striving to be the exception....and we would continue to do so

Biafran4life:
Since this government said crude price going up is not beneficial.Why are we not sending gas to Europe since they said we have large gas reserve . This country need to make money from this Russia/Ukraine matter because this kind opportunity they take time to happen again.If another person own no spoil another person own no go better for street life.If our reserve pass #50 billion dollars no be bad thing. That one go stabilize our currency small

maishai:


Mind giving me pointers, the coin noise is high here.......to cap it all up im lazy, im really happy people are testing d waters down here

maishai:


Na so one of my guys showed me 5 million pi coin that he has bought and is patiently waiting for it to increase in value so he can quickly sell and start the car business he hopes to begin........Something prompted me to ask him the number of in circulation and found out that it more than one quintillion ie one trillion cubed, my dear if u like carry google server dey mine this coin d odds are against u already, If crypto pass the original bit coin, u r in for a long thing...........

Never visit this thread with a biased mind, rather open up and absorb the principles of finance from active players

Im not discrediting crypto or having a dorm account, many here have that they just don’t want to derail the thread

Lazyyouth4u:


For every start up that will give a VC solid returns, the VC would have failed in at least 10. VC is not as easy as just being ‘skilled in identifying bankable startups’. Start ups are very risky and luck plays a big role…Do your research and you will never find any VC that can consistently pick successful startups. It is impossible!

Topleague:
it is world over my brother, the supply chain is disrupted. Ask people that do import how much is to send container from China pre covid era and now, the inflation even in US is unprecedented and not only there but all over the world. This is not an excuse for Buhari regime but this thing will be with us for a very long time. Tight your belt because we are going on a roller coaster