Hogwarthtrades's Posts

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Investment › Re: Investment Journal (2024 & Beyond ; Tax obligation enquiry & CSR etc) by Hogwarthtrades(op): 3:02pm On Aug 14, 2024

Note to self: Let the Fawqery begin !!!

First position initiated today. Front running Jackson hole and possible FOMC september rate cut: Testing of the waters with this idea means starting uber small like a degenerate grin

, there's room to roll prior to expiration. Low risk, marginal returns or may be more grin

I. TLT sept 30 108 c
II. TLT Aug 28 101 c

Politics › Re: Zanga-Zanga And Tinubu’s Crumbling Northern Alliance By Farooq A. Kperogi by Hogwarthtrades: 11:51am On Aug 10, 2024*

sIfioksq:
Tinubu's political acumen is on full display. He knows how to navigate the ever-changing tides of alliances in Nigeria. Those who underestimate him might just be in for a rude awakening. The North may be divided, but Tinubu is a master strategist; he always seems to find a way to consolidate power.

if there are two Nigerians i can not bet against (even if the money is on the house) based on their antecedence to perform viz: Dangote and Bola Ahmed Tinubu. When all chips are down, they have the tenacity and cache of Human resource to get the goal accomplished and hand over the baton to the next in line for continuity. This is one character (continuity) Pa OBJ Lacked, and failed twice.

I am not politically savvy but from the look of things the next set of presidents and head of Government for the forseeable decade to come regardless of ethnicity will be from the BAT ideologue. Continuity and perpetuity is the strategy.

3 Likes

Agriculture › Re: My Maize, Pepper And Tomatoes Farm by Hogwarthtrades: 11:03am On Aug 10, 2024*

emmaodet:
Hello bro, my farm is farm from imeko afon and i don't know any agent or anyone selling farm lands in that area.
Moreover, that area is filled with fulani herdsmen issues, so why imeko?
My farm is at Obafemi Owode area.

Thanks for your response in case you get someone feel free to reach out anytime. For the size to be purchased, Imeko afon LGA seem reasonably valued for it's potential compared to obafemi owode area.

Imekon afon LGA is pretty much a diamond in the rough, it has everything required of a vacation spot similar to mambilla plain.

The hilly terrain view and rainforest habitat is really nice. Lastly, it's the gateway to benin republic from that region.

Herdsmen issue wouldn't be forever, it's a game of dancing chairs.this is not taken lightly knowing people have lost their valuables and lives on this issue. To curb that, one will not rely on the government for legal security measures, else na one chance person dey. One will have to employ year round 24/7 competent private security in form of Amotekun as well as other legal private outfit and measures for gathering intelligence and liasing with the state local security outfit. Hence, the best time to start acquisition as much as possible now when there's so much pessimistic thought in that axis for plantation (Mostly perennial and a bit of annual ) potential and holiday destination. Generation yet unborn will be grateful for the foresight.

Agriculture › Re: My Maize, Pepper And Tomatoes Farm by Hogwarthtrades: 10:29pm On Aug 09, 2024

Hi @Emmaodet I'm not sure what part of Ogun state you have your farm. Incase you have a real estate agent that has listings for sale (for security reasons can't disclose size an acquaintance is interested in getting. SHe is interested in installmental purchase starting Q2 next year) around Imeko afon LGA kindly send the information.Thanks

Politics › Re: FG Rejects Julius Berger’s N279bn Cost For Second Niger Bridge Bypass by Hogwarthtrades: 8:11pm On Aug 08, 2024

EmeeNaka:
279 billion naira.for 17.8km. We should support and train more engineers in Nigeria and support them appropriately. No country will ever become second world nation, let alone first world nation, without a significant contribution of experts from within.

The question we as a nation should ask ourself is this; Can't COREN and other association of engineers + army corp of engineers team up to form a construction firm o bid for some of this projects? deploy all engineering corp members to different sites for on the field learning.

All this organisation know is to collect dues and speak stupid english in lecture auditorium. huh

5 Likes

Travel › Re: Man Films Immigration Officer Desperately Demanding Money From Him (pics) by Hogwarthtrades: 4:08pm On Aug 08, 2024

I hope this becomes a trend . cc Aviation minister, FAAN MD, EFCC and NSA to showcase the eyesore, lack of self respect (beggars in uniform attitude), disregard for the institution and nation the immigration officers at our international airport showcase. record them openly and secretly. Ensure to show their name and necessary tag.

Until this fools are disgraced openly, they never learn.Keep exposing them. #ExposeMMA

To the person saying the exposure can make him commit suicide, t0 that i say, Good riddance to bad rubbish.!.

6 Likes

Investment › Re: My profitable TOMATO AND CUCUMBER INVESTMENT by Hogwarthtrades: 7:55pm On Aug 06, 2024

keep up the good work bossman

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 7:20pm On Aug 05, 2024

Picky1:
Truth is bitter and he sure knows exactly those/what he is talking about! The chickens are coming home to roost
However, bat/his local advisers/internet warriors should tread softly and stop chasing shadows!
Do the right things and stop the greed!
Naija must move forward/future with Democracy no looking back

Sadly, Sani's talk will fall on deaf ears. highly doubt that mind set will change anytime soon. Till Religious zealot and politicians meddling with other areas of their affairs become humans of reproach the cycle will continue.

If this is the catalyst to hasten putting to motion the long awaited regional fiscal autonomy this country seriously needs, so be it .!. it's high time the state government and subsequently local government (when the local govt allocation gets ratified in coming weeks) of every region be held accountable for development of his/ her state.

Viva Nigeria!

Literature › Searching to Purchase Odia Ofiemun's books (Paperback Or Hardcover) by Hogwarthtrades(op): 11:54pm On Aug 04, 2024*

I am in search of the aforementioned author's book to purchase. The only requirement is that the book(s) ought to be in good condition . Kindly notify me here for further communication / negotiation.

A. The great Poet Odia Ofeimun

The Poet Lied (1980)
A Handle for The Flutist (1986)
Under African Skies (Lagos: Hornbill House, 1990; ISBN 978-0951677407)
London Letter and Other Poems (Lagos: Hornbill House, 2000; ISBN 978-9783527041)
Dreams At Work and Other Poems (Lagos: Hornbill House, 2000; ISBN 978-9783527003)
A Feast of Return (Lagos: Hornbill House, 2000)
Go Tell the Generals (2010)
A Boiling Caracas and Other Poems (2008)
I Will Ask Questions With Stones If They Take My Voice (2008)
Nigeria The Beautiful: Poems for Dance Drama (2011)

Anthologies
Lagos of the Poets
Salute to the Master Builder

Socio Politics

A House of Many Mansions (Lagos: Hornbill House, 2012: ISBN 978-978-49005-8-4)
Impossible Dream of the African Author
Media Nigeriana
In Search of Ogun: Soyinka In Spite of Nietzsche (Lagos: Hornbill House, 2014; ISBN 978-978-49005-9-1)
Taking Nigeria Seriously
June Twelvers’ Dilemma
When Does a Civil War Come To an End?
This Conference Must Be Different

Investment › Re: Investment Journal (2024 & Beyond ; Tax obligation enquiry & CSR etc) by Hogwarthtrades(op): 3:14pm On Aug 01, 2024

Hogwarthtrades:
Q3/ 2nd Half 2024 Musings : Note to self! - Nothing New

I. Nothing of importance. cruise control for the better part of the year in NGX. Except deep discount is seen. enjoy the last round of divy then manually DRIP.

II. Main catalyst for action = Inflation rate Interest rate tango.

*** In Nigeria, steady rate (both inflation and interest) should be seen through q4. Albeit unlikely, earliest interest rate cut should be seen in Q4 (November the last meeting for the year). Over subscription of MM, Fixed income instruments should be the norm.

*** US, - no change in rate. Neutral at this point (opinion may change after July ending meeting and Jackson hole meeting in August, highly doubt it)

update: with yesterday's FOMC meeting, it's highly probable to see at least 25 basis point rate cut in FOMC meeting in september. Except we get weird inflation report and job data reading for August and September. Eyes on Jackson hole meeting by end of this month for more info.

This should usher in buy the dip euphoria if rate starts to come down consistently. will keep eyes peeled for 2yr, 10, 20+ bond, 30 yr option play for mispricing.. seem early bird may get worm first or choke on road kill cool

Politics › Re: DAPPMAN Petitions Tinubu Over Dangote Refinery’s ‘Monopolistic’ Tendencies by Hogwarthtrades: 10:07am On Aug 01, 2024

With time all this arsewipes will come out of the wodworks when the real loss of their greed starts. Dangote is not a saint, but robbing your country blind then screaming monopoly when a competitor come to take your launch is nasty work.

In Sanyeri's paralance, Dangote ti gbe won ni handicap grin

Investment › Re: Treasury Bills In Nigeria by Hogwarthtrades: 9:30am On Aug 01, 2024

awesomeJ:
I do not have a team for this actually.
However if you form one, I would be willing to take 10-20% if we're able to reach workable terms.

Say less, whenever i come across something you will be notified.

Investment › Re: Treasury Bills In Nigeria by Hogwarthtrades: 7:25am On Aug 01, 2024

awesomeJ:
Yeah, the regulatory aspect can be the toughest part. Writing the code and marketing may not be as tough if one engages the right folks.

I imagine the SEC would require the board to include experienced investors with proven track records in fields like stock broking or asset management. This is based on the fact that CBN for instance would require you to have a CIBN fellow on your board to register just an MFB.

like i said, whenever your team is ready (proof of concept mostly important, proof of scale becomes issue of results will give room for more addressable market share ) , i will be interested to join, hopefully i can create time and part with some coins grin

Investment › Re: Treasury Bills In Nigeria by Hogwarthtrades: 11:36am On Jul 31, 2024

awesomeJ:
Let's float a startup to address this. Most fintechs seem only focused on payments.

like @Jedisco mentioned, have you considered the regulatory part and marketing side of things, what demographics are you considering ?

I will be interested to drop a few coins if proof of concept and scale is evident in foreseaable future.

1 Like

Investment › Re: Treasury Bills In Nigeria by Hogwarthtrades: 3:14pm On Jul 30, 2024

jedisco:
Exactly @the bolded. Too much handling is a is another leeway for errors and emotions derailing ones portfolio. Also, how would one deal with reinvesting dividends or smaller sums on an ongoing basis? It's the reason why passive funds have become so popular and now largely surpass active funds. The fund managers should see profit but even factoring in the realities of a developing market, it's still quite exorbitant.

I agree with you about the fee, it would gradually come down as participant in the market demand quality but affordable fee by patronising fund managers that yield to the yearning of such clients.

Truth be told, it's not as much work or as complicated as fund managers want to make it seem, the biggest challenge is creating a system to approach buying and manually re-investing the dividend accrued (easier said than done though grin

) when divy payment date come knocking.

Months to expect dividends per stock holding has gotten relatively consistent in Nigeria. When the fund come in, the person can manually buy back whatever amount the dividend can purchase. Alternative will be for he or she to re-allocate the dividend somewhere else. wIth time, it becomes uber natural like carrying out wire transfer from home or balancing your checkbook monthly type deal.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 2:51pm On Jul 30, 2024

Olaide1295:
Comparing on 1 year timeframe.

1 year time to liquidate seem like treasury bill money territory. If i was trying to test my feet in the financial backwaters. what i will do in this scenario if i had 1mil i need to recoup in 1 year will be as follows:

Split fund into 45:55 % (treasury bill : Shares ) approach for cash management. I'd lock in 45% of my funds for TB 26%, while I stagger aka cost average my purchase of Access bank now and on down days the risk is that access can still move lower to 16 and 13.5 ( plausible but nothing is guaranteed) .

Kindly do your due diligence knowing things may change. As for fundamentals, Access holdings is fine based on what we can see as at the time of this writing cool

Enjoy the loot when it comes.

sterlingD:
E-TRANZACT Q2 2024 https://doclib.ngxgroup.com/Financial_NewsDocs/41884_E-TRANZACT_INTERNATIONAL_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

Thanks for alerting the house with this financials, Greatly appreciate the effort.

3 Likes

Investment › Re: Treasury Bills In Nigeria by Hogwarthtrades: 2:12pm On Jul 30, 2024

jedisco:
Thanks. Gave thought to it as individually choosing stocks is quite risky and hardly beats the underlying market longterm. NSE 30 seems to have outperformed the ASI of late. But the fees from fund managers are quite exorbitant especially for a passive fund.
With stanbic, the management fee is 0.5% and the expense ratio of 2.7%. Such fees would see one give over 20% of potential gains back to the fund manager if held for a good period.

if fee is "exhorbitant" and you are interested in tracking index fund / ETF portfolio, One hack will be to copy & paste the top 10 stocks in the portfolio you are interested per weighted average to your stock brokerage account.

Downside: it's not passive anymore, considering you will have to manually downsize or upgrade your position relative to the holdings you are tracking when they adjust every quarter or yearly as the fund manager deem fit.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 10:02am On Jul 30, 2024

Olaide1295:
Two options:

1. Buy Access bank shares
2. Buy Tbills (currently at 26+%).

Which do you think is a better idea? Thanks for your thoughts.

what timeframe are you looking at getting out of the position?

Investment › Re: Investment Journal (2024 & Beyond ; Tax obligation enquiry & CSR etc) by Hogwarthtrades(op): 9:42am On Jul 30, 2024*

Note to self:- Keeping eyes out for Nigeria's President visit to China in September. Surprised by close to no info about the visit by technocrats. This pretty much is similar to Kissinger cum Nixon visit to china in 71-72 but reverse is the case for us . I'm looking out for the following after the visit

I. I can only pray The president does not screw this up with his line up of entourage, Only serious minded technocrats and business men with skin in the game Not more than 20 of them is enough. Similar to india visit but more streamlined in this case.
The goal should be Tech transfer negotiation that is a win-win for both nation.

If i was a career diplomat, i will strive legally to be assigned to china for the next decade or more to study every facet as much as possible. It's a marathon not a sprint.

II. considering IP issues and other national security clearance issue, the challenge will be figuring out how to set up a bilateral chino-Nigeria committee/ commission (15 from both countries) for biennial meetings to oversee issues that may arise detrimental to both countries.

to be proactive, President Tinubu can create a 15 man committee or commission (whatever is legal with less bureaucracy) with 5 year 2 term limit of service per individual on the committee for china relations. This should involve captains of industry, savvy citizen (academia/ private sector) in aforementioned field of endeavour and accomplished heads of the ministry of foreign affairs , ministry of works, transport, ministry of science/tech, Ministry of communications. This committee reports directly to the president and meet monthly.

IF any member is acting like a Arrow, he or she should be removed from the team no matter how highly or lowly placed (s)he may be.

III. The commitee's task will solely be reviewing and executing policies of transfer of knowledge between china and Nigeria in the area of steel, energy generation & transmission, transportation (Rail, planes, sat navigation system, ship building, and civil engineering). the review is to see how it suits the Nigerian populace and economy for more growth.

IV. Asking for transfer of knowledge without paying a reasonable price will show the lack of seriousness on our part. There's no free lunch anywhere. Most likely our mining sector and oil fields (Russia seem to have this oil and gas china deal in chokehold but you never know if we have a mastermind negotiator to pull it off) may be a bargaining chip.

V. criteria for an individual to be a member of the commitee will be viz:
** such individual is the head or director of R & D of a company in the aforementioned industry.
** every individual has security clearance to avoid jeopardizing the mutual alliance. The penalty for moles will be considered treasonable offence with no appeal if evidence indicates he/she is the mole.
***as more idea come, this area will be populated.

VI. Project financing may not be as large as china's CCP used to indulge in back in 2008 through 14, if the team know what it's doing, there are deals to be made.

VII. Lastly, the goal is to use such knowledge to impart into Nigerian universities/ polytechnics as research grounds in alliance with local and chinese companies benefitting from such knowledge.
** Knowing how corrupt the heads and nominal professors of our tertiary institutions are, professorial chairs and micro institute or research labs should be set up to ensure no reasonable work to show for the grant/alliance, no more funding should be extended to such scholar.
*** NDA and appropriate legal consequence should be binding and enforced respectively in case an unfortunate scholar (Researcher and his/her team) decide to be a mole dishing out IP of national security like it's candy to the highest bidder

How do i use this as an investment thesis ? the serious minded go-getter will always show their hand by omission or commission, the opportunity will reveal itself in companies of fair enterprise and or liquidation value to buy here in Nigeria and or in china. grin

Business › Re: Dangote: End Of The Road For A Monopolist? By Soji Adekunmbi by Hogwarthtrades: 1:25pm On Jul 27, 2024

budaatum:
I do agree with this part. I also think NNPC should be sold to us Nigerians too. And no, I don't mean to the rich and wealthy alone. Say like 10% of the shares should be allocated to every living Nigerian with provision we can't sell for 10 years. Our vested interest might make us force NNPC to operate better.

Dangote refinery is expected to be listed on NSE (Nigeria) and possibly LSE (London) vs NYSE (source is unreliable) sometime next year. The earliest time being Q2 2025 . 10% allocation is very unlikely to work. Instead, the respective sub-regional government i.e state and local government should allocate a percentage (maybe 2-5%) of their monthly FAAC allocation to purchase shares when it gets listed. SO dividend and capital appreciation can be used as the respective sub-regional government sovereign wealth fund for infrastructural development Same should go for the general public.

NNPCL is expected to be listed as well. sub regional government should allocate some funds for acquisition of shares as well. like you rightly said, NNPCL may be a thorn in the flesh of the president if he doesn't cleanse it once and for all like he did with Emefiele's CBN.

** To avoid knee-jerk reaction, start investigation of the oil upstream and downstream regulators as well as NNPC. Work hand-in -glove with the report of the senate adhoc committee report in about 2-3 weeks , this will be a base to get EFCC to work. \

**replace the heads and subordinates of the regulatory agencies and NNPC found as accomplice in mismanagement or illegality. As for Civil servants accomplice, Nigerian Civil service commission will be needed to ratify any termination of those found guilty and hand them over for further prosecution.

** Anything short of the AGF prosecuting for Death penalty or life imprisonment of the offenders means we are not ready to move forward

If i was a civil servant in NNPC, Whistle blowing in this three institution (NNPC, upstream and downstream regulatory ) is enough as my side hustle to root out the illegality going on there. 1 or 2 Ethical hackers will do the online crawling while i do the manual labour. FG go tire to pay me Ransom grin

Downside: You may not be residing in Nigeria for the rest of your life though.

2 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 1:54pm On Jul 26, 2024

Babygal2020:
I have sent a mail to tell them but they are yet to reply. Hope my money never go cos their Playstore review is nothing yo write home about.

Bamboo is legit, i have been using them in the last 5 years for urgent 2k grin

, no issues. If you have not received any response, if you have twitter account, you can send a direct message to @investbamboo.

As for the app, you just need to keep it updated as much as you can, dem dey update their app like kilode! grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 11:09am On Jul 25, 2024

Babygal2020:
Thanks boss

THanks to you too!! we are 4geda in tubaba's parlance.

BullBearMkt:
Please, does anyone know how I can find out if a company I registered in 1995 is still in existence with the CAC?

1995 may not be active anymore if you have not been paying annual returns. Check out this link [url] https://post.cac.gov.ng/search/type/business-name[/url] . You may need to pay a fee for more info of active status or otherwise. Another route which is unnecessarily long and time wasting is to search for a business or entity name like you are setting up a new business. It should give you info about the active status.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 9:45am On Jul 25, 2024

Babygal2020:
Good morning bosses. Who has withdrawn from Bamboo and was later credited?
I placed withdrawal yesterday but yet to receive it.

most times you receive funds within an hour (for withdrawal into your naira bank account) this could be due to network issue. had same issue few months back but it was resolved within 24 hours, if not reach out to the support team for help.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 3:36pm On Jul 24, 2024

Streetinvestor2:
The bank does not own the money in question. It is shareholders fund.And the senerio you painted is different

Kindly enlighten my simple mind!

Investment › Re: Investment Journal (2024 & Beyond ; Tax obligation enquiry & CSR etc) by Hogwarthtrades(op): 3:34pm On Jul 24, 2024*

Random thought for the week : Transportation sector business (Rail and Bus)

I. I'm interested enough to start accumulation of this company stock. ABC Revenue generation is impressive, but more can be done. The board management have done well in the last 2 decades, but more needs to be done.

ABC transport- I love this business, for some reason unknown to me, i have never looked at it as a company that is listed on NSE (hard to believe but here we are grin

). Had Preference for Ekene dili chukwu over abc back in the day for long distance travels using long coach buses late 90' through early 2000's. It's crazy to see how ABC has edged over it's peers in about 20 years in all spheres haulage, cargo, all form of bus service, first and last mile delivery etc

This is what NIPOST should look like at the very least. For last delivery mile ABC competitors will be JUMIA and Nipost ( honorable mention Redstar Express and GIGL ) . For First and mid mile delivery NRC (Nigeria railway co-oporation) is it's major competitor.

edited Aug 02.2024

Hierachy (descending order) of NGX listed logistic company per revenue and PAT (profit after tax) for context: NAHCO -> Skyway aviation -> Redstar-> ABC transport . Jumia ( ~ 170 million euros or 300 billion naira in Revenue, projected profitability starts in 4th quarter of 2025) and Abc transport still red in PAT territory. No info on GIGL books (privately held for a while)

II. For Next phase of Mega growth; The board should review it's haulage and luxury tour investment strategy focusing on including Railway as part of it's transportation by doing the following viz:

a. Get concession with NRC to lease or purchase train coach suitable for passenger rail (regular and luxury) freight services on standard guage and narrow guage track respectively from south to the north or other parts of the country accessible via rail tracks.

aII. upfront cost is huge, this is not an absurd proposal for ABC transport. Transportation and haulage business is capital intensive. It will cut down cost and significantly increase volume moved for long distance haulage of materials on bad roads. The haulage trucks will only be used as last mile delivery from rail station to the destination.

b. Long term goal will be to offer luxury rail tour similar to what Rocky mountaineer offers from vancouver to jasper. ABC has the cache from several years of traversing Nigeria to pick destination with interesting sight seeing options and security conscious planning. there are numerous sights to choose from within 6 geopolitical zone.

c. The notes below may be the most challenging long term proposition ( 20 year plan) but is probably the most rewarding if the board get to acting now before another company outside of china take this opportunity and run with it:

*** Source funds through long term corporate Bonds vs partnership with state governments in the eastern region or south west in form of PPP vs PAB (Private active bonds similar to what brightline did in florida)

** Seek Partnership for expertise transfer between ABC transport and chinese rail company like CRCC that builds locomotive (since the 1800) and a leader in High speed rail business.

*** Of course barrier of entry is high, you must pay your teacher to learn work, else na Baroof him go teach you. teaming up with a chinese company like China Communications Construction Company vs CRCC that is at the helm of affairs of meeting the chinese government target of doubling high speed rail (HSR) connection in the next 10 years.This will definitely drag the cost of HSR production down, while profit margin and expertise level for companies willing to learn will be greatly rewarded for decade to come.

**** Total addressable market with such expertise broaden greatly, but Steel production capacity through importation may be a head wind for cost of production except steel is locally sourced.

*** In the Long run, set up an Assembling plant for rail coach to augment the luxury bus assembling section is the way to go.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 2:54pm On Jul 24, 2024

robobo:
it has flew. The Act is passed. Should we await Bankers Committee instituting an action in court?

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.

sterlingD:
ABBEY MORTGAGE BANK PLC Q2 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/41737_ABBEY_MORTGAGE_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf

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.

1 Like

Politics › Re: Minister Of State For Petroleum, Lokpobiri In A Meeting With Dangote And NNPC by Hogwarthtrades: 10:37pm On Jul 22, 2024*

anything short of dismissing that nmp**a man and his cohort in the regulatory space responsible for deliberately misleading the public, this crap will resurface in a new way. i hope the senate and house of rep adhoc committe investigation forward recommendation to necessary agencies if found wanting.

Till the civil service heads and political class are brought to book for the belly politics they play, they will never stop acting against the interest of the country.

It's high time both house of rep and Senate pass a death penalty bill as part of measures to fight this criminal elements in every sector, if you are callous enough to import or manufacture products edible or non-edible e.g construction material, pharmaceuticals, agro-allied, petrochemical products, etc deliberately that can be proven to have led to terminal illness or death of citizens of this country, you deserve death by firing squad or lethal injection. Death by electric chair fit no work considering epileptic power

Foreign Affairs › Re: Biden Was Never Fit To Serve, He Must Resign - US House Speaker, Johnson by Hogwarthtrades: 10:32am On Jul 22, 2024

I. I could be wrong but Nancy pelosi and the "obama boys" are moving like a crooked snake. wasted a whole year blocking nomination to arrive at this juncture. this should have been resolved last summer

II.Speaker of house talking like the obvious MAGA puppet he is. if an "unfit president" ensured revolutionary bills like IRA and CHIP acts come to life to boost US economy for decades to come in less than 4 years, that president will have my vote (if i had the right to vote) till he is not able to carry out his activities. Compare that with MAGA policy ,numbers wouldn't lie.

III. Disclaimer: I am not based in china or any other eastern country. That said, if i was an english speaking parent or a student out of high school in STEM field scouting for opportunity to learn and become self reliant , I will focus on getting educated and working in china for the next decade to gain knowledge in my field. Most of the pioneers in that field that have ensured the 50 year super charged progress are still alive. Learn from them gain your knowledge , build social capital for project financing , set up your industry or join peers to do that then branch out.

Shalom!!

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 6:43am On Jul 22, 2024*

SpaceX:
I appreciate. Do you have any parameters you use before buying/selling shares?

To answer your question properly, check my timeline here to get an idea of my thought process and what books, audiovisual financial materials and scanners i use for value investing. My approach may not be useful considering our goals may not be the same, but as you read through you will find someone whose idea and approach make sense to you.

Of utmost importance, read this thread from the beginning (it gives you an idea of the nigerian economic landscape) . Understanding the past make the work of future assessment easy to adapt to . 2019-2020 is a landmark as well considering it's a year of reset Also, it will do you a lot of good. As you read through, you will find other folk that have gems laid everywhere.

cheat code: open two pages of this thread, one is to start from the beginning while another is to keep up with current update on the thread.

All you need to succeed in NGX and to a reasonable extent other markets has been laid in this forum. If you have issues that doesn't make sense, don't be shy, be respectul, quote the section properly, peeps here are friendly and helpful enough to address the issue from their
experience.

Streetinvestor2:
He has given them opportunities now to go build steel companies and have thr own monopoly...nonsense reasoning. They are busy investing in dubai real estate. The day he enters into power .They will start shouting monopoly.Is it not monopoly that nnpc is sole importer of fuel.Is it not monopoly that few are stealing the wealth of the country.

Funny to see the petty side of Alh. aliko throwing shade at Turaki dubai IYKY grin

. but knowing Dangote industries antecedent, backing out of steel is penny wise pound foolish approach by the board. They will be back knowing how much they are leaving on the table if African industries (steel processing/manufacturing, iron ore mining in nigeria) and BUA are left as the two major players in this space.

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 6:19pm On Jul 21, 2024*

SpaceX:
Hello folks, I really want to educate myself on this subject. Do you guys actually buy shares of the company; I mean owning part of the company physically? Or buying through brokers?

For example, Nnpc have a stake of 7.5% in dangote refinery, how can someone buy the remaining 12.8% shares? Do you buy through brokers? Or is there a way that can be done?

I'm not trying to say I have the bread to get the shares. Just trying to understand how stock market works. Thanks you.

the number of shares (in most cases, ordinary common shares) you purchase is pretty much a percentage of the total available portion
for ownership. so out of 100 % of outstanding shares of a company available for purchase, the percentage you own is pretty much the amount you own relative to the outstanding share.

For ease of concept, using your example, to get 12.8%, you simply calculate what 12.8% of available outstanding shares of dangote refinery is (will need to wait for the issued shares information to be out when it gets listed on NSE for better info), multiply it by the price of the day or whatever price you target to purchase it for, pay the amount and brokerage fee Voila! you beat NNPC to the race.

Remember, available shares for transaction varies with time and other numerous factors considering other investors have equity pre-IPO.The higher the percentage you acquire, the more challenging it gets to purchase through direct market, you will need to use your broker for off-market/ crossdeal purchase for faster transaction. If patience is your middle name, you can acquire over period of weeks to years.

You can search investopedia webpage for more info on review of issued shares / outstanding shares. if yo stil have questions, drop here, peeps will help out.

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 2:48pm On Jul 19, 2024

bovali:
I’ll just drop this here cause sometimes we’re too emotional as Nigerians. This same Dangote: https://x.com/emekabk21/status/1814131174253772851?s=46&t=S-fB0C8yRxjxeCDpRFi4rw[/quote]it's hard to take people tweeting about IBETO seriously when it is clear it was a re-bagging factory. On the long run the government of the day will favour an industry builder to ensure it's backward integration policy is seen through and give necessary support to such vs an importer. That is how behemoth industries begin and bolster.

here's Reno omokri's witness account take with a mudu of salt https://x.com/renoomokri/status/1759311693815963938

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 2:36pm On Jul 19, 2024*

KarlTom:
I am an industrialist. I am active in the construction and oil/gas industry so I have an idea of what is going on.
I can also understand the various perspectives of some responses so far BUT we need to ask ourselves some pertinent questions:

5. Lastly, if NUPRC says DANGREFINERY is not licensed, how come they are selling diesel in the Nigerian market?

I once stated on this platform that Aliko has friends on both sides so I am keen to see the outcome of this whole drama...

I skipped 1-4 considering i can't speak for the whole country. I am also not a spokesperson for Dangote cement.

As for number 5. I will only speak on the misrepresentation of fact the NMDPR official ought to be fired for the misrepresentation of facts . If you state a refinery is at 45% capacity and no license in one breath, he knew what he was doing. By sheer reasoning / deduction, refinery full utilisation takes months ~ 6- 18 months (depend on country and regulatory bodies).

The reason for such high level of impurity may be due to some sections of the distillation process not working (by omission or commission). One thing we can attest to is that Dangote group can be shrewd af when it comes to his competitors, but will never short change on quality except for payments as alluded by BUA group in his early days grin

If the allegation of suspending importation of AGO and the like was requested to favour the refinery at the detriment of the country is true, that is a d*ck head move by the dangote group.

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