₦airaland Forum

STOjo:
For clarifications on items 1 and 3:
Is this in a Nigeria bank or offshore. Not aware if our commercial banks can give any loan less than 20% at present.

Yep, Nigerian banks. Almost all Nigerian banks offer credit cards. You can check out Stanbic, GT or Standard Chartered. And yes you can get interest rate below 20% depending on your relationship with the bank. Currently, I can get at 17% if I want to.

Happy new year guys. In order to contribute to this valuable ecosystem, I will share the below tidbits on using loan to purchase stock.

There have been some back and forth on whether it is advisable to use loan to purchase shares. some are against it, while few are not. I used to be against it but now I purchase my shares with loan. But I only use cheap loan. I cannot advise you on what kind of stock to purchase using loan. I can only provide some nuggets on how I obtain cheap loans in case you are looking for how to do so. The limit however is directly proportional to your leverage aka credit worthiness.

Please note that financial institutions are obligated to share your credit information with the global credit bureau. This means that if you default, you won't be able to access credit anywhere in the world. So if you do anyhow you will see anyhow.

1. Credit card: You can obtain credit card from your bank. The limit can be as high as 5Million and above depending on your income. The interest is zero so long as you repay within 50 days. Note that they will charge you 50% interest if you don't pay back within 50 days. I make use of this one alot but be careful if you are going to obtain one.

2. Close ended groups: If you are a member of some close ended groups you can take advantage of their loan system. It is usually cheap (single digit interest rate). But you have to be making some periodic contributions to qualify. I also make use of this as well.

3. Strategic partnership with your bank: Depending on your leverage and relationship with your bank, you can obtain cheap loan from them to purchase shares. I used this method last year to purchase 2 quality stocks with a single digit interest rate. I just finished the payments 4 months ago.

4. Family & Friends: You know how this one goes but you have to be a trusted fellow for it work.

So good luck to you as multiply our portfolios this new year. God bless.

emmanuelewumi:
Get in touch with your financial advisor.

Because Emeka bought more does not mean Emmanuel should by more

Because Alimat sold does not mean Mary should sell

My oga don't worry, me and Emeka we think alike. Besides I need no financial advisor when I have you. I have Dangote shares and in the process of obtaining a loan to purchase more. Just needed some analytical information on DS versus current price. Thanks.

emmanuelewumi:
Between 10 to 12 weeks

Thanks oga emma. Is it advisable to buy more at current price?

aj8:
0.12 is for a quarter….use best quarter as earlier discussed on the premise that growth stocks are meant to grow
4 quarters = 1 year =0.48
X4 of the estimate FY i.e 0.48 =1.92

Understood. Thanks.

ositadima1:
To estimate annual EPS for his growth formula, he simply takes the EPS of the best quarter and multiplies it by four. Then, he multiplies that number by another four to account for his projected growth. I'm just explaining this approach, not endorsing it as right or wrong.

I see. I get the first 4 (full year estimate). Why the second 4?

aj8:
My common sense target for TIP is N1.92. Range N1.92-N2.40. Bought some on Friday @ N1.01 . Will buy more only below this price.

Still a bit confused boss. Why are you multiplying the EPS by 16?

megawealth01:
I don kukuma use my own gamble another stock

Which stock be that?

@customstreet drop the stock na before bot ban you. The wait is dangerous...

onegentleguy:
To all who sent me several messages of support, I thank you. ...I appreciate your kind gesture of gratitude for everything we do and continue to do.

To the few (replicating as a many) who criticized me (even though I felt I never deserved it), I also thank you.
Am sure there'll be a thing or two to learn from your various input.

It's time to move on. What will be, will be!
It is well.

I want to message you but I have long since discarded the email attached to this account in my quest for anonymity. Seun needs to add private chatting on this platform.

onegentleguy:
Following request from several folks, I have since added 3 new names to the outline so it's now been modified to "8 treasured/explosive select equity names with great value accretive potential."

The bonus names have also been increased to 4 bringing the total No of stocks in the outline to 12.
Again, outline will where applicable, include other stock/market driven information with high ROI/value add plausibility.

Brief description...

It is an investment guide with a careful selection of where you need to put your money for a possible high ROI in the near to mid term. (a period of 6--15 months as benchmark TF) following series'of in-depth analysis, extrapolations and forecast using proven financial models and my derivative tools.

The outline also includes all but not limited to the equity Trade Setup, Reward Margin from Target Entry Prices & Possible Exit Prices, Recommended Portfolio weighting, Expected Time Horizon, Risk Level (ref: RRM)... etc

The additional has already been sent to those who had previously requested for an order.
For newly interested persons, you can Indicate by using the mail in my profile or sending a message across.

N.B: Not a free service.

Regards

How much first oga OGG? Is it pre or post profit?

Yoast:
I dey DS, NS, Chams, TIP and Deapcap in decreasing order. No more money. Make I no go spend money to chop food for stock trading

What did you guys see in Deapcap?

phadriz:
The integrity of AFRIXM management should be question, how could you approve $800m loan for a company without due diligence? No latest audited FS. Africa financial services market I shitty

Banks don't necessary use financial statements as a determining factor for granting such loans. It is the analysis of the business deal that it important to them which I believe they must have done before granting them the loan.

emmanuelewumi:
It is an Indian owned medical diagnostic company with centres all over the country.



Made a profit after tax of over N6 billion in 2022

Thank you. Did they pay dividend? How much dividend?

yMcy56:
MECURE
MECURE Industries listed on the "Growth" section of the NGX.
Listing price: N2.96k

Mercy which company is this? What do they do? Do you have their financials?

Thomas Waytt plans to issue a bonus of 4:5. Qualification date 23 Nov, 2023

https://doclib.ngxgroup.com/Financial_NewsDocs/39850_THOMAS_WYATT_NIG._PLC.-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_NOVEMBER_2023.pdf

essentialone:
https://www.youtube.com/live/98wb79Zyrzc?si=ZtGMzJEEblOKkMwk

Click to attend OANDO Annual General Meeting today.

Highlight so far

1. 98% of current revenue are earned in dollars. No more Naira revenue
2. Proceeds from sale of retail stations were used to pay bank loans
3. buyout of minority shareholders will only happen if 75% of the minority shareholders approve the buyout during the court sanctioned meeting.
4. The company had issues because they had to pay over 600Million to some shareholders as mandated by SEC.

Agbalowomeri:
Na inside Dollar I dey till generational low 😂

I dey dollar too o. Tell us when it is time to become patriotic again...

Agbalowomeri:
Lol when everything has been opposite this year

Oga Agba you don enter back?

customstreet:
The case would be adjourned with no fixed date of rehearing

Meaning no more buyout?

essentialone:
The Federal High Court, Lagos, has adjourned again hearing on the date to file the Scheme of Arrangement document of energy company, Oando Plc.

In a corporate notice to the Nigerian Exchange Limited on Monday, Oando said that Justice Chukwujekwu Aneke sitting at the Federal High Court, Ikoyi, Lagos Division had further adjourned the matter to October 10, 2023.

Oando said the adjournment was to enable it to report on its compliance with the court’s order dated June 7, 2022, and update the court on the status of the Scheme of Arrangement.

Why you dey like post old news or info?

Other banks are printing profit. Unity bank is printing losses...

https://doclib.ngxgroup.com/Financial_NewsDocs/39398_UNITY_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf

Agbalowomeri:
The gambling never comot body

E dey bone marrow

Labdi69:
Bought my first stocks yesterday.

I bought dangote sugar, fidelity bank, Oando and transcorp. I feel like selling my transcorp to top oando.

Although my portfolio value dropped slightly after i bought yesterday o. Silly me i thought it was typographical error on the app oo. I now called customer care to complain 😁. They must have had a good laugh.

I’m not moved by daily price movements anyway especially as I’m in it for the long haul. I have also managed to develop some shock absorber from my days in gambling.

Once i hit it big, i quit the 9-5 rate race immediately and ride off into the sunset.

Too much imagination. You will learn.

hisexcellency34:
Oando that can't even do 10 percent today on NSE despite the Agip Naoc announcement. Wale na scammer

Where you dey see your own trades? Oando has done 10% increase with 60Million trades and on full bid

OBAGADAFFI:
It might be NL BOT.

These happen when you post certain links.

But who is the Modrator NSEMPA

Nsempa moderator should reveal himself/herself now o. Don't play with people's money otherwise we will hunt you o. Release Customstreet and OGG now o

emmanuelewumi:
Instead of focusing on PAT, try to look at the Net Operating Profit After Tax


Mind you Dangote Rice was not in the equation in 2022, I want to believe Dangote Rice is more profitable than NASCON.


With the recent ban on exportation of rice by Indian government in order to reduce the high cost of the product in India. I see Dangote Rice doing very well going forward

So is it advisable purchase more at current price? Previous entry price is 27

dapix:
Yes, last week

I have not received o

Has anybody recieved MTN dividend?

emmasoft:
check well it's not stanbic as in the bank o. It's ETF 30

Yeah. Just corrected it...

N6.49 final dividend from Stanbic

modified
It is Stabic ETF o

GSK to quit Nigeria as predicted by OGG. No wonder it went on full bid today.

https://doclib.ngxgroup.com/Financial_NewsDocs/39225_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-COMPANY_ANNOUNCEMENT_CORPORATE_ACTIONS_AUGUST_2023.pdf