₦airaland Forum

Abbasmh:
FTNCOCOA has been moving.
Now Full bid with 21M, any news?

The obtained about $6Million loan from a foreign company. How that translates to immediate value is what I don't know.

sterlingD:
What can you say about Nigeria Brewery especially and UACN?

No near UACN for now. They are spiraling into abyss for now.

Frangel:
Africa Prudential Plc
Please anyone with insight on what the N496million cost of IT Infrastructure, under Cost of Sales in Q1 2023, means. It's a new cost item in the financial statements and significant.

They are branching into providing IT solutions. The cost is probably for purchase of servers, storages, software, licenses, cloud subscriptions etc

OBAGADAFFI:
Oga 500k plenty o.
That's more than than 40k per month.
PAYE is from 7% to 24%.

Most big CEOs don't pay more than 21%

That is small. I don't want to say how much I pay per month on PAYE. Whenever I receive LIRS notification I get high blood pressure. How can I legally reduce the amount I pay for PAYE without voluntary pension contribution?

kelmicheal:
Festac just concluded November last week they will start Dec this weekend

Hi. Sent someone to Festac today to confirm if my passport is out but he was told my passport will only be ready end of May. I captured in Dec and DIY. Is the info correct. Do I have to do s/th to fast track issuance?

emmanuelewumi:
I have issues with the financial health of this company, with a negative working capital of about N60 billion, it will take the current FCF of the company about 10 years to liquidate the existing debts of the company.


No wonder dividends will be paid in August 2023. The dividend declared is even higher than the Free cash flow of the business, this is another red flag.


This is the type of stock you should not do long term investment with because of its potential business and financial risks

Ah. When will I get to this level of analysis...

RabbiDoracle:
Question :

Fidelity bank announced last year that they will be doing Private placement.

Price of this PP was not announced. When are they going to announce?

Why are they doing PP? To raise funds? What is the funds for? To support Tier 1 Capital or for working capital or both?

We wait to see.

I think they did the PP in order to comply to the CAMA regulation. I get the questions though. Let's wait for who has the answers.

The way they are buying Fidelity this days. Something must be cooking. Abeg who get info for the stock?

beejay1:
OandO at it again o.
Full bid on the stock at the moment.
Stock to go private after buying off minority shareholders at N7.07, subject to court approval.
So what will happen to those who bought at N30?

https://doclib.ngxgroup.com/Financial_NewsDocs/37954_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MARCH_2023.pdf

So my gamble worked. Cool 70% profit. Was expecting higher based on NGX rule on calculating price for delisting.

ositadima1:
I shared the article because I believe in people doing their thinking for themselves. I guess you prefer to be spoonfed with unsubstantiated beliefs.

If you read the article you would have understood why the bank collapsed and not because the western world is imploding, but then you find conspiracy theories more appealing, ok.

Here again some recap in my own words:

1. Bank was over-exposed on cheap bonds when they should have been more deversified.

2. Because of d post COVID wahala USA increased interest rates to stabilize their economy.

3. Suddenly the bank's investments became less valuable or bad because newer bonds offer better yields.

4. The client and investors got to know about it and started withdrawing en mass.

5. Bank can't cope with multiple withdrawal and had to sell their now bad investments that resulted into big losses.

Basically, it can be inferred from your post that the root cause is the rate hikes by the FED. Oracle predicted this could happen as a result of the hikes so he is correct. If the bank had a good risk management control, they would have implemented controls before now to minimize the impact. I learnt they didn't have a CRO for months.

Ginalex:
Oando people how market

Don't worry, you will soon see what we think we saw.

Note: bought a long time ago

BabsO2:
The article refers to Naija $ bonds that they've been bearish on for a while. Not Naira bonds. Will be good to know the proportionality of FX bonds to local equities. Most likely more of a direct proportionality than inverse.

In a sane environment it should.

Agbalowomeri:
Negatively correlated you mean

Different language same meaning boss

BabsO2:
https://www.reuters.com/world/africa/morgan-stanley-turns-bullish-nigeria-bonds-after-election-2023-03-02/

The bullishness will extend to stockmarket sooner or later.

Not investment advice. Do your DD.

bond market seems to be inversely proportional to stock market

customstreet:
Grapevine

150k Dividend loading for UCAP latest tomorrow

Verified grapevine

Ades1:
It’s not just about the yield, you have to factor in the risks too, because of this I wouldn’t say FAR better.

Also don’t forget the big banks are less risky and provide higher yield.

They paid way too much in income tax this year. I wonder why such an increase. How is the income tax calculated?

yMcy56:
Guess I'll be in the guest mode for the time being.......
Once you're done with political talks and return to NSEMPA, we'll be back.....

Seems kindergarten kids are easier to call to order than some of these so-called adults here....

Lol. My dear we are sifia pain on how the election is being handled. Make we release am this morning before we come back to the market. Better decisions are made when one's head is clear. Don't go guest mode o. we use GOD beg you.

kolaish:
With all due respect to all.

One thing I discover not only in this thread but in the country as a whole is lack of love and inability to tolerate each other. We need to change this attitude as a people so that God can grant us His mercy as a nation. We all claim to be Christians and moslems but does not love each other through our words and action.

Saying Nigeria is/will be a ‘fail state’ is not a show of love to your nation. You should simply pray for mercy of God on Nigeria.

Telling somebody to Japa if he likes, is not a show of love. You are simply mocking that person because he is also desirous of a better nation just like you, the difference is that his choice is different from your choice. You should show love to him with encouraging and peaceful words.

Mocking somebody as ‘obedient’ is not a show of love.

Saying somebody is talking rubbish is derogatory and not a show of love. It doesn’t portray you as a good personality.

In short, we should all try to tolerate each other ESPECIALLY on this thread because our sole aim is to make a reasonable living from the economy irrespective of our political beliefs. Therefore, let us always show love through our words and action and not otherwise. I am wishing you all God’s Love and may the peace of God that surpasses all understanding continually abide with us in Jesus name.

He said we should pray. Years of prayer did not save us and you want to continue praying. In a digital era, after years of preparation and billions of naira you are ignoring your own policy and collating election results manually. What could be more failed than that? Any foreign investor that invests in Nigeria is crooked one that likes investing in crooked countries.

abuhusna1:
Does anyone knows why purple refunded investors in their ipo. I just got my money back and it's painful I should used that money to buy Geregu at 100 naira my 5 million would have been worth 12 million in geregu.

Thank your stars. Some disappointment is a blessing. That IPO was way overvalued in my opinion. You would have been wrecked in the long run.

kelmicheal:
Festac just concluded November last week they will start Dec this weekend

Okay. Thanks.

99Good:
with this graphical info, no one would know if your passport is out or not.

Provide use with these infos below -

When did you capture and which center did you apply from?

Do you have info for those that captured in Dec 2022 at Festac?

Agbalowomeri:
Lol wahala be like..

Just hailing my oga o

Streetinvestor2:
I hope it is just a joke here.

It is.

RabbiDoracle:
We are cool. The series of events was very far to where I reside.

Praise God. I am sure you even predicted that one before it happened and stayed away.

yMcy56:
Lol.
I doubt if people do this here.
Telling you lkely entry seems easier than coming to tell you exit.......few does but many won't for reasons best known to them. It has even been discussed here before self.
*Be reading the signs on the wall, follow news and trend of events. Most importantly, have your own strategy in place.
My opinion......

My dear some of us have tasking day jobs. Very little time to follow news and trends. That's why I value the opinion of the Ogas and yours here very much

Agbalowomeri:
Of course after rise na fall
We still get 20-30% rise in the ASI before we bail out. The climax sign is always obvious. Till then, we ride to orgasm

When the time comes let us know oga Abga

RabbiDoracle:
I don't look at only TA of Nigerian stocks. I look at the TA of many global stock indexes and bonds. Once I see divergences on those global ones, I try to update and warn to see if others see same.

Like months ago, there wasn't any negative divergences in those indexes and so I assumed NSE will go on well. However, since December 2022, I have started seeing some signs of their indexes going very fast to All time high and that could create some issues for their markets. The speed of rise is concerning to me especially when you know that there are negative macro factors affecting those markets.

Since global markets are interconnected, where there are issues in the big global players, these could create tremors in smaller markets. These tremors are called contagion. And that is why I show my findings to other TA guys here for all to rub minds together and see what could go wrong/right.

I don't just buy stocks, I also investigate what could go wrong with my position that will wipe out my capital. That is how I do my risk analysis. And remember, market will not go on a straight line.

I am 80% in NSE currently but watching what could go wrong around the world.

Okuko na pa nri, anyaufio akona e--ibo adage.

Oga Oracle inform us o when is time to bail. Thanks.

gbengafaro1986:
BUT this is our market record under this Government....Why so critical?

All this calculation na trenches mathematics. The guy should have gone to a proper school.

You are actually in loss when compared with Naira devaluation as against US stock. The party did nothing.

locodemy:
For me.Money is money no matter where I make it.If I see light in Daarcom today,I will go there.My goal is to make that money and leave.

One thing I know is neither me nor Agba can detect which stock the market will favour or punish despite our huge or shallow experience.

Your own dey always punish. So much so I am beginning to think you are monkey hunting. NCR, Chams, Thomaswytt etc

Coolcash1:
DD Advised.

Below clauses are excerpts from NGX's guideline for delisting a stock. Is it applicable to Oando shares? If it is, what is the likely offer to be paid to minority shareholders based on the clauses?

1.10 The Issuer shall set aside funds sufficient to purchase the interest of all shareholders who expressed their dissent to the resolution to de-list the Issuer; and the Funds shall be domiciled with a Registrar or a Custodian duly registered by and in good standing with the Securities and Exchange Commission.
1.11 The share price at which the dissenting shareholders’ interests shall be bought shall not be less than the highest price at which the Issuer traded over the six (6) months immediately preceding the date on which the notice of the AGM/ EGM at which the resolution to de-list the Issuer was issued.

Agbalowomeri:
Doubting Thomas

Allow people pay school fees in peace na

Lol. Just making sure they are not jazzed

Those buying Thomaswytt better be careful o. Hope you guys reviewed their Q3 result before buying?