₦airaland Forum

FTN Cocoa did not make any revenue this quarter.

https://doclib.ngxgroup.com/Financial_NewsDocs/39002_FTN_COCOA_PROCESSORS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

emmanuelewumi:
It does not work that way, the professional advisers will consider the fundamentals of both companies.


I foresee a share exchange ratio of 3 NASCON shares will be exchanged for 2 shares of Dangote Sugar

I am kinda confused with this. Please explain further...

ositadima1:
Buy NASCON as its price pursues DANGSUGAR's. It is expected to reach 40 or more.

Already bought Dangote Sugar yesterday. And I am heavy in it. Why do you think NASCON is better?

customstreet:
FMDQ LAUNCHES FIRST ETD OF ITS KIND

I was there yesterday representing my firm. It was colorful. The platform is for DM and TM only. We have the following as the DM:

1 . Access Bank
2. Zenith Bank
3. Wema bank
4. Sterling Bank
5. Stanbic IBTC

Aside this, we have 17 firms of TM of which my firm is one. The derivatives are:

1. Federal Government Bond futures

2. Dollar-Naira FX non deliverables contracts.

The underlying
Asset for the first derivatives product are basket of FGN Bonds ranging between maturity of 2 years and 30 years

The second product has $/Naira as the underlying assets

We will get there

The asset class is just derivatives. Just like you make gaaari from cassava. Gaaari is derivatives while cassava is the underlying asset. Like I said earlier FMDQ now have two separate markets for trading Federal Govt Bond and currency. One is spot market where you can actually buy and sell govt bonds ranging from 2 years to 30 years. The second is FX market where you can buy and sell FX.

To hedge those risk attached to those instruments In cash market, then derivatives market was introduced

Not that that is only two instruments that can be traded on FMDQ spot market, we have several of them. Only that two derivatives were picked to start with.

To deal in those two instruments, you must be extremely good in forecasting interest rate and FX. It is a big market that can run into trillions in a day transaction in the future if they get it right.

Just like NGX, FMDQ is the exchange where those cash market and derivatives market instrument are traded

Just like CSCS, FMDQ called their own CCP and it is called FMDQ Clear

Just like CSCS that combined both clearing and depository together, FMDQ separate their own and have another segment called FMDQ Depository

Just like a stockbroking firm whose is a dealing/Brokerage firm is called in NGX, the trading participants in FMDQ is called trading member

Just like each stockbroking firm has a bank that settled trade, FMDQ called it’s own is called Dealing member and they settle futures trade.

But remember, the minimum amount to trade with is N50,000,000 of which your initial margin is 10% deposited in your margin account

So How do we make money from all this?

locodemy:
Wetin una see in this illiquid cutix.
If you make 50% in cutix, you can't even exit because of low volume.
Unless your holding is like 100k units which is no no for Loco.
Compare cutix & caverton.
Why comparing cutix & Dangote sugar.
Dem be mate?
Make Alhaji catch you.you go pee for cloth

Dangote Sugar it is then.

Pls o between Dangote Sugar and Cutix which is the best to buy right now?

ositadima1:
Holding certain stocks that one likes can affect one's rational thinking, especially when one receives regular dividends from them.

For example, I bought 85,000 units of Zenith Bank at 22 naira and held onto them for a while, and the price went up to 30 naira. With a system to detect when a stock is overbought or ripe for a correction, the smart thing to do would be to sell and buy back later after the correction. Just selling at 30 naira and buying back at 27 naira, would have increased the holding from 85,000 units to 92,500 units without adding any new money.

Someone like me, who has developed cavities from the sweetness of dividends, would be happy to receive even more dividends in return.

The point is that holding a stock indefinitely may not be the best strategy, especially if one can spot a correction coming.

But the dividend yield is reduced. Unless the company increases their dividend, na broker gain for this scenario. Even the increase in dividend would have to be significant otherwise you will probably earn the same as before or less.

Harvestock01:
They can only make it very difficult, they can't stop it. It may be the stimulus for other states to benefit from.

Good idea. Real estate prices need to crash in Lagos.

sgtponzihater1:
I don't think that can sail through though

What it sails through or not I am fine with renting only

sonofElElyon:
Payment plan can be discussed.

But they are about to ban non-indigenes from owning properties in Lagos.

thesilentone:
https://doclib.ngxgroup.com/Financial_NewsDocs/NPF_Microfinance_Bank_Plc_-_Notice_of_AGM.pdf


Yes, that is what it means. I think it has been often said here to run and look back when one hears dilu..don't wait for the tion.

investopedia:
Is an increase in share capital good or bad?
An increase in the total capital stock showing on a company's balance sheet is usually bad news for stockholders because it represents the issuance of additional stock shares, which dilute the value of investors' existing shares.


modified:
No alarm bells going off on the charts though. Buyable breakout I'd say to 2.30 area

Thanks. So I should sell at 2.30?

NPF microfinance wants to transition to a DMB which will lead to increase in issued share capital. Does this mean dilution of share price?

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.