₦airaland Forum

Mankind2024:
Oh, ye defenders of MTNN, you forgot to mention the truth - that MTNN is now being run on depositor loans taken from Nigerian banks despite the huge revenue figures. Where were you when MTNN siphoned $15 billion from the Nigerian economy? Nigeria did not collapse. Nothing will happen; no one is indispensable. MTNN remains a forex guzzler. I have never seen a company that loves our forex reserves like your beloved MTNN.
Long stories change nothing. I accept the truth that MTNN is undesirable yet unavoidable.

KarlTom:
0%

Mankind2024:
MTNN has no justification for declaring any form of loss. They generated more revenue than some banks in Nigeria. This was a deliberate move by this Nigeria-based company, notorious for draining the country's Forex reserves.

KarlTom:
I am not good with TA/FA/SA.



You can refer to this post by BB or contact him for entry points...

ositadima1:
You want to commit more money to a company that has clear issues? This looks more like an emotional move to me. If I were you, even if I wanted to average down, I would wait to see positive financials or corporate disclosure. Even if a merger is planned, how do you merge a company that is carrying negative equity? It will surely significantly reduce the controlling ratios of DS (I maybe very wrong).

Anyway, Mcy56 said the loss has already been priced in. The experts have spoken, sha.

KarlTom:
It is well...

Soon...

SonofElElyonRet:
Jeremiah 30:7 'Alas! for that day is great, There is none like it; And it is the time of Jacob's, sorry Dangote's distress, But he will be saved from it." i hope the bolded happens soon for your sake and gina's

Willie2015:
Dey calm down...
Nestle & MTN had the same issues...
some quarters back...
But they are still holding up..

PETERiCHY:
DANGOTE SUGAR made a HUGE LOSS of 144B in their Q2 2924 results compared vs 28B loss they made in Q2 2023.

SHARPEN your CUTLASSES and WAIT for it @ circa #10

BARGAIN HUNTERS TAKE NOTE!

Streetinvestor2:
The results from OKOMUOIL is still good based on H1.i was thinking the insecurity they are facing was going to hit them hard though the first quarter in isolation is better than the second quarter. I guess they are handling the insecurity well.
And for APR i was expecting the bonus in near future but not this yr since the OS is just 2B.i wast expecting it when eps begin to hit like #1.50 for the yr.
Tony it looks you are considering your shareholders as per the hunger in the land.And to make cash available for them to pick uba RI too

SonofElElyonRet:
It does not belong to oando. No evidence to that effect. Don't even think its an oil refinery or blending plant.. whoever alleges or asserts bears the burden of proof... those saying it belongs to Oando should adduce evidence!

Hogwarthtrades:
Chances of repealing this bill or fighting this in court is very slim. The banks have no choice but take this sucker punch for the team. if the populace could bare sharp increase in cost of living from subsidy removal and readjustment of currency rate, onetime shakedown of banks Forex sharp practice by IRS is not ideal but understandable. 30% leftover is enough to work with for re-investment.

A cynical view of the 70% levy been misappropriated is valid, hopefulyl it's allocated to capital infrastructural development for the good of the populace.



Slowly but surely this new Abbey mgt group is working, more gas in the cylinders available to fire for rapid growth in it's space. It's a marathon not a sprint.

dpacificheraclx:
I have been following this group since 2020, when I started my NYSC. What I appreciate most about this platform is how everyone contributes and explains their investment views, sharing stock picks using both privileged and publicly available information without promoting any particular service. For the growth of this platform, I believe and humbly suggest we continue in this manner.

This platform is a free resource for all. I have great respect for Boss OGG, given his impressive and cautious stock picks and analysis of fundamentally strong companies. His insights, along with recommendations from notable members like Madam MCY, Chief Megawealth, Sir Agbalowomeri, and others, have guided me in my journey on the NGX, where all my trades have been profitable. This platform must remain as it has always been—providing everyone free access to the best information about companies and shares on the NGX.

Boss OGG can discuss his impressive stock pitches without mentioning the gains of his premium subscribers or friends at every opportunity. Such posts can come across as tactics to sell his products, which is not what this platform is about. If someone had posted similar content a few years ago, this platform might not have evolved to its current state; it could have fractured into chaos.

To rid this platform of future promotional posts — from him and others who are attempting to do so — I humbly request that Boss OGG continue to share his non-promotional investment views here as he has always done.

Posts promoting the success and quality of his stock picks available only to premium subscribers should be kept off this platform and shared on his personal social media profiles or through other means, such as paid ads on Nairametrics, Punch, and BusinessDay, he could also engage Twitter and TikTok influencers.

These are my views alone. Big respect to Boss OGG. This platform is a free resource for all.

nosa2:
You dont have GTB? you need to look into it oh. Probably the cheapest stock on the NSE right now

Mankind2024:
@Bovali, you're doing remarkably well! To avoid situations where your kids may ask you questions that you can't answer, I suggest you consider adding the Mag7 or S&P 500 NYSE to your portfolio. This would mitigate the constant forex losses in NGX and possibly beat future devaluation of Naira and ravaging global inflation.

currentprice:
PRESCCO is a very good stock, bedsheet showing fv of 652, could be better with good performance from the rest Quarters of the year. but the stock may not be stock for investors who determine their stock analysis base on enterprises value. presco EV not coming out very attractive, ev/ebita above 12.5 may turn some investor off, though EV may get more better by the time Q2. q3 qnd q4 comes out.

the good thing is some of the metrics that attracted investors most are all good which if they keep improving going forward price may hit N1k

I have no presco in my portfolio. if i even have portfolio atall but i will rush it if i see at 260 plus

na my own opinion o.

Thank you boss. Your opinion is valuable.

currentprice:
fundamentally it not looking like it will but for TA, It very possible and thatz what we are waiting for

let see how Q2 will look like

patient is the key

currentprice:
in d making....

it not useful for anyone now until the price collapse finish.

no rushing, we are making money the year/next

patient is the key

currentprice:
Ekuu Market o

Locotrader:
The dead in Christ shall rise first together with those alive to meet Jesus in the air.Therefore comfort each other with these words.........

E Don tey whey them teach us to get hope

Emeka1441:
the problem is not buying.. but the problem is.. will they recover?

Mankind2024:
The truth of the matter, no government or tax authority can force an individual nor a quoted company to declare profit or pay a direct taxes on earnings.
The decision is yours, all they need from you is a financial statements.
The Auditor/s usually request for receipt of expenditures , contract, loans and overdraft advances.
As a sole proprietor, I ensure all my on and off business expenditures are directly and indirectly transferred to my Entrrprise. The implication of this is that the government cannot and would never get a direct income tax from me, coz I I was not employed by them nor listed on their payroll.
MTNN just decided to show Nigeria government and shareholders a maximum shege BARAWO BANZA.
You will need a all the forensic auditors in Africa to investigate MTNN.
We are just @ ther mercy

Streetinvestor2:
Really, why will bank hear it because of cost of borrowing is more expensive. Or you say it because you saw it somewhere..The only people that will hear it is those seeking to borrow from the bank and banks will make more profits from borrowing from government.
What fundamentals was thr when pmb was and now you have jagaban.what has changed in the forex fundamental apart from the floating by this government. The speculators and hoarders are the ones manipulating the dollars.....we dey here.....how much is it today already .I expect panic sell off of dollars soon from those with small holdings .Then later the government thieves with large holdings will join.I expect the government to ban the use of physical dollars for anything in nigeria. Anything to do with dollars should only be via transfer after the bvn/nin update by banks..

PETERiCHY:
https://westernpost.ng/breaking-president-tinubu-moves-revenue-from-crude-oil-sales-to-cbn/


PBAT is a GAME CHANGER.

Firstly he moved CBN down to LAGOS now he hands over the AFFAIRS of NNPC to CBN 🤣🤣🤣

If you don't get it forget it.....

Agbalowomeri:
The only thing sustaining Bitcoin and any other crypto today is the criminal movement of money. It will never be acceptable in the mainstream

megawealth01:
Read up the MANAGEMENT TEAM of ELIJAHLAKES

https://ellahlakes.com/?page_id=356#:~:text=Chuka%20Mordi%20%2D%20Chief%20Executive%20Officer,Nigeria%20and%20the%20United%20Kingdom.

Make your own decision... I'm heavily loaded on it just as I announced other stocks that I'm heavily loaded in

DD always

yMcy56:
To get DANGFOODS, simply buy DANGSUGAR or NASCON or both.

WEMA is doing Rights Issue, they can't give bonus shares.....
ETI coming out from turbulence, bonus is not expected here..... except they're not sincere to themselves again.
WAPCO: Don't know and not sure of this either.