₦airaland Forum

ab1x:
Try to locate a feed mill in your location. I don't stay in Lagos so I can't say precisely where they are located. Ask people who sells floating feeds they should be able to guide you. Let me know when you have ascertained that so that I can give you the formula to make use of.

Thanks, I'll work on it

I need help. I am a newbie. For the past 3 months I have been feeding my fish with imported feed. Now I want to go for local feed (ab1x formula). I live in Okoko area of Lagos. Please where , in what market, do they sell feed constituents in Okoko area? Thanks.

wengerman:
drop your WhatsApp digit to join this eye opening and hidden secret in fish business whatsapp group

Thanks. 09017885047

feelamong:
Exactly why its important to hedge your Treasury Bills bet with Eurobonds investments!

as a policy, i always have about 40% of my Investments in Dollars (Eurobonds) The returns may be low but in times of devaluation, you will be surprised at how much you have gained in Naira.

awesomeJ:
While I certainly agree with you sir on the need to hedge ogainst currency risk, We also need to fully explore the alternatives:

1. Doing NTBs at 14% average yield will turn your $100k to about $141k in 5 years should the naira crash from 360 to 510 in that period.

2. stashing your $100k in your dorm account would leave you with about $99k or less in 5 years.

3. doing US bonds, bills or notes at about 4% would turn the $100k to about $121k.

4. doing eurobonds at about 7% average would leave you with 140k.

However like I often like to think, timing is really key with investments.

Some people bought dollars at 250 and sold at 510, while some others bought at 520 only to sell at 380.

Investment should be a smart man's business.

Happy new month to us all!

vacanci:
If I remembered vividly, after the roadshow, our last Eurobond was over subscribed.

Can you help us breakdown and analys these 3 scenarios.

1. Mr A has 10M. He investment in a Treasury bills or bond at prevailing rate. Let's say between 14 and 15 percent for the next 5 years. After 5 years, convert his total amount principal and interest compounded to Dollar at say N510 per dollar like some me one suggested on this thread.

2. Mr B has 10M. He bought dollars with all of them at prevailing exchange rate today let's say between 365 and 370 naira to a dollar. He invested the dollar at a given rate of 2% in fixed deposit so he can cash out anytime there is panic. Remember we have seen dollars dropped from 520 to 360.

3. Mr C has 10M. He bought dollars with all of them as above and investment in eurobond for 5years at prevailing interest rate say between 6 and 7 percent.

Recall that a 5 year eurobond can't give u 7%. Prevailing rate for 5year maturity is around 6%. So you don't need to use the wider margin to calculate since it's not 20 year bond.

At the end of 5 years let all the guys convert their money to common currency, dollar or naira. Let's see the picture of all these argument.

It's not for us to just be loyal to the dollar simply because of the name as if you buy garri with it or pay house rent with it.

ahiboilandgas:
investor A 39000 dollars B 31000 C 37000 dollars ...the naira treasury bill investor gains more

And from historic data we have the following:
Average TB rate over the past 10 years is 11% (2008 @ 6%, 2010 @4%, 2012 @ 16%, etc.), Bond average @ 5% (Nigeria 5yr eurobond can fetch up to 7% while Brazilian eurobond 10% because they are considered high risk), Dollar rate 2008 was N120 (2010 @ 155, ......2018 @ 360).

a) NTB: On N1000 investment made in 2008 at average of 11%, it will be worth N2800 today
b) BOND: On N1000 investment made in 2008 i.e. 1000/120 = $8.33 invested in bonds at 5% it will be worth $13.57 today i.e. N4900
c) DOLLAR "from under the pillow" will be worth 8.33 x 360 = 3000 today

So it appears there is little difference between NTB and dollar cash investment. The $ bond appears to be worth investing in but this assumes a future naira devaluation rate similar to the existing historical data. The reality may be better or worse. Only time can tell. In conclusion there could be a short term loss if one chooses the pure dollar path (path c) due to bank charges and black market rates. And one can only get good eurobond rates by investing in developing countries, which means only the devaluation risk is mitigated, the market/country risk remains essentially the same.

NOTE:
1. Eurobonds can be purchaed through the likes of FBN Capital. To get a rate of up to 7%, one has to invest in the minimum of 5-year bond. There is a one-time management fee of 1.5% - which means any investment that is less than 2 years is not worth it. There will also be costs for converting naira to dollar since the transaction will not be eligible for conversion at the official market, so parallel market rate will be used.
2. NTB investment may be worthwhile in the short term if the naira doesn't lose more than 7% of its value per year.

Godlylifeoneart:
@hotcake....the first thing is knowledge.... Sufficient knowledge b4 you transfer a cent to a broker
2nd is registering on a trading platform
I live in South Africa and I was able to register effortless on the platform of Easyequities.co.za
Yet to start trading
Yet to hit NYSE.... I am still researching
I am educating myself daily viz news, current affairs, online resources and publications on US market.
You need d knowledge more than you need to trade in order to protect your hard earn money.
Lastly, u will need to have a domicilary account with your local bank and possibly be able to to transfer via swift... I think gtb offers dz service via the mobile app.
Good luck

Thanks sir for the advice. Greatly appreciated.

Godlylifeoneart:
For those that are interested or warming up for foreign markets, I will keep updating you on the resources n tools we need(information)
My dream is to make $ in millions from the American market without living in US.
I work tireless every day gathering all the necessary informations needed to exhale in the land of opportunity.
Right now, US market is the most vibrant in the world
You dare not trade there without sufficient information, you will be burnt beyond description
Two heads are better than one, do not do it alone
I can tell you that we might be more knowledgeable than average Americans that are not committed to stocks trading
Many of them do not know about morningstar and mootlyfools
With our Nigeria made passion and aggression we are bound to succeed.
We are trying our best in Nigeria stocks exchange, judging by the opinions from members on this thread (one of the thread dt is approaching 4000 pages on Nairaland ) the problem is the foundation which was faulty. A situation where we do not have portfolio protection insurance and our brokers are charging 1.35%....this should not be. We are paying them too much. .........................

Thanks for this piece. I am highly interested in this foreign trade. However, l have a small question to start with. Please how do you get foreign exchange across to the broker? Do you go through an agent for this?

Infinitisi:
Sent

Thanks sir, we got them.

Infinitisi:
Send me a message

Please send us the two books: hftrustfund@gmail.com
Thanks

Ijaya123:
The question people are not asking is, what is the call rate per second on this offer?

About 47k/sec. I was billed N13.95 for 30secs

IchimokuPilot:
Balance your greed and fear and few businesses are better than stocks. - No multiple taxes. - No area boys. - No PHCN officials. - No known address to suffer harassment. - No credit to friends and family members. - No police visits. - No rushing to the bathroom by 4am - No queueing in traffic to get to office.
Etc etc etc.

Practical experience. Excellent

RabbiDoracle:
I have been accused of all sorts here today they will say I'm the cause of the bear in NSE. Tomorrow they will say that using foreign indices to compare Nigerian market. Next they will say it is because I have sold.

Markets are closely configured somehow. Before one finishes trading, another one has started. Asia markets start midnight while we are sleeping. It runs till we wake and while it is about closing European markets start. NSE starts after EU markets. These trades continue till afternoon. NSE closes butt EU markets still stay open till US market starts. Remember that with technology, news reach faster than before.

If Asia markets are green, EU markets willl likely be green. Before close of EU markets and US markets open with Dow losing 1,000 points for example, immediately all EU markets will become bearish at close. If US market continues its redness till closure , remember that Asia markets will open our midnight, investors will fret and want to go for safety. So the domino continue.

People have not studies these, instead they attack the messenger who predicts an outcome that will certainly happen. Why will it certainly happen? Because we are all humans....we fear losing our lives, we fear losing properties, we fear losing money. So human (inexperienced ones) will naturally fret and take off. If he does that, he tells others. The others come in as a herd and the rest is what we see now.

As for those events affecting NSE, who are these FPIs? They are foreigners. They will want to sell or stop buying stocks in your country. Why? They need to understand what is the cause of the events in their country. Indirectly, it affects NSE because they are no longer buying like they used to or they had started selling.

I have pieced all these together and extrapolated them and advised. Instead what I get is names. Continue

I'm L King at una on my mattress.

Typical Oracle. Analysis appreciated

mendes911:
Not too long ago, Rabbis Oracle was analysing Flormills and projected double share price. Nobody complained! We were all happy! And flourmills gained for 2 consecutive days, we were more than happy.

Now he made suggestions about world markets including NSE tumbling, and we are all demainding for his head.

Make we continue shaaa. Typical issues with Nigeria. We only want to hear what we want to hear, anything contrary na bastard.

This is why most churches of now play on our intelligence, they have found a way of teaching just how to get rich and convincing you that endeavour to pay tithe monthly guarantee's that. And all we want to hear is how to get rich, voila the rest is history.

Make we continue shaaa. God is watching us in 6-D.

Beautiful piece of writing!

Zhirinovsky:
So you get 200 million?

200 million ke? You must be worth at least 5x that! Remember, the 200m is "the chicken change money you can afford to lose"

currentprice:
boss i be guest mode on SMN o i am a newbie i don't know what to post for 4 years but keep learning and learning.

as you pple pack load, i gather what i have learn together to practice it here.

if you can remember, there was one post you made i started with. you used example to describe company A, B, and C on BV, PE ,EPS etc.


oga Agba now fine-tune me with one of his post on regression analysis he used with AFRIPUD and ucap example

Oga, I have great respect for your memory.

chunkuli:
pls bnsl, how can l get my shreholders no, am filling some e dividend forms and in front of the shares name there is a coloumn for the
shareholders account number

If you really do need it you'll also find it on the counterfoil of the stock's dividend waŕrant

To the TA lovers, I find the following videos (out of several) by Adam Khoo on youtube very rewarding and enlightening.

1. Five power candlestick patterns in stock trading strategies
2. Identifying support and resistance levels in stock trading charts
3. What it takes to be a profitable trader parts 1 and 2
4. Technical indicators for high probability trading
5. Trading with Fibonacci levels stock trading strategies
6. The power of confluence in stock trading
7. Trade like a casino for consistent profits parts 1 and 2

Happy investing.

sellydion:
It is more than that Bro. Pro Biafra is taking over the control of SE, molestation and intimidation has become order of the day even to common men. Thugs and hooligans are having a field day. Secret army is being formed. If the government refuse to act on time it could be larger than Boko Haram. National security is being threatened. This need to be taking care of as early as possible else you may be playing with full scale war, by giving Kanu enough time to group up. Although any security operation should be done professionally.

How I wish we can do without veering into politics on this forum! SMN case should serve as a lesson.

emmanuelewumi:
Consult your stockbrokers or Investment bankers. You should start with Treasury Bills because the rates are about the highest as per money market instruments. You will need N10 million and above for commercial papers.

Treasury Bills can be bought everyday through the secondary market.

Coolcash1:
This might help...https://nairametrics.com/nigeria-meaning-of-commercial-paper/

Thank you all for the info. Very grateful

ihedioramma:
Please oga emma stop this here, let's talk only about stocks here . @ Poluto09 what's the way ? what's the name of the road/hause you are now ? .

emmanuelewumi:
H

It depends on the fund at your disposal and the bank you use. Money market instruments include Treasury Bills, commercial papers, fixed deposits, bankers acceptance. Treasury Bills are currently the instrument with the highest return followed by commercial papers. MMF invest in most of the instruments but TB takes about 70% or more of their portfolio.

First Bank and Stanbic IBTC accept 100k for TB, while other banks, stockbrokers and Investment bankers accept N1 million and above.

But with money market mutual fund you can start with just 5k.

@Pa Ewumi, please where/how does one get commercial papers to buy? I want to diversify. Thanks

Nairaruky:
Hi bra,you need to listen less to Nigeria fund /hedge managers.They are the most deceptive in this present time.They will tell you what you like to hear.
Attending seminar organised by them will not improve your financial intelligent
Books by anti conspiracy theorist will help you better.
The fund managers in Nigeria are agents of conspiracy.
I will suggest you download free books that can improve your financial smartness on
www.pdfdrive.net
Robert kiyosaki, the author of
Rich dad,Poor dad
Conspiracy of the rich against the poor
Cash flow quadrants
All are available for free on the site
Search for author name or book title

Thanks for the quoted website. It is very useful

Jesus puts it all very well. When He comes back the second time, will there still be christianity on earth? For me my brother, I doubt

Tritri:
@veecovee @Miarose ,@Infinitisi ,@kolaish ,@fxuser

You're been RUDE , very RUDE to this forum. ANYOTHER who needs better preaching should go religion section .

You DISOBEYED the rules of this forum. YOU DESERVED TO BE BANNED.

THIS HAS NOTHING TO DO WITH GOD ...

Anyone who's interested in ur preaching should move to https://www.nairaland.com/religion

I visit the religion section every sunday morning ..But coming to STOCK EXCHANGE section to meet another preaching is irritating to me .

THESE RULES ON EVERY SECTION ON NAIRALAND HAS BEEN IN EXISTENCES EVEN BEFORE YOU JOINED. DON'T BE RUDE.

My brother, history is about to repeat itself. Na so small small they come destroy SMN totally with politics, and things have never been the same again. We sit down dey look.

BullBearMkt:
... [upl]https://www.investing.com/charts/stocks-charts[/url] ; https://markets.ft.com/data/equities give delayed Nigerian stocks data

Sir, thank you very much. I am much obliged

Siŕ fxuser, BullBearMkt. Please where can I get stock charts (line, bar, candlestick) for technical analysis study? - Nigerian stocks.

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/13364_AIRLINE_SERVICES_AUDITED_DEC_2015_FINANCIAL_STATEMENTS_APRIL_2016.pdf

Thanks. Appreciated

Airservice keeps on going south during the past few days. Any ideas, my people?

ufotty2001:
the best time to buy stock is towards afternoon from 2.00pm-2.30pm because that is the actual time the market shows its actual reaction and people who are in need of money are willingly to give up at any price... and the best time to sell your stock is immediately after the market open or between 10.30am-11.30am at that period the market is seriously fluctuating.. people are willing to buy @ high price .. please do your dd.. it is just a mere jijo techniques.. everybody get wetin dey work for am

Agreed

Born2berich:
Imagine, two days to be credited.

Myself, I am always weary of interbank transfers (other banks). Where your bank platform gives you options, use NIBSS. It is less problematic.

EDUECO:
Try Google Chrome,Opera Beta or CM Browser.

Many thanks

My good people, please what browser that works well with Android tablet can I use on Morgan itrade? I have difficulties with browsers.