₦airaland Forum

emmanuelewumi:
Bankers are trained to judge a business or person based on cash flow which is not bad.

On the last investor call, Segun Agbanje said they had to pull their retail loan products that were based on cash flow due to credit losses. They were experimenting and trying to do something different from salary loans.

ImperialCovfefe:
1. Charges are usually incorporated into the final price, and would be reflected in the yield.

2. Bid is the (best) highest price someone is willing to pay for the bond, while offer is the lowest price at which the bond is being quoted.

3. There’s so many yields bandied around in the world of bonds. Coupon yield, yield-to-maturity, yield-to-call, etc. The two most common are the coupon yield and the yield to maturity (YTM). The YTM is the yield you commonly see quoted on the FMDQ webpages or the banks’ secondary offers. The YTM is a comprehensive yield that tries to determine the total interest you will receive over the duration of the tenor while considering the final redemption price and assuming you reinvest all coupons earned at the same rate. It is usually annualised in the wuotes

The coupon yield is the simplest one to grasp: it basically states the yield in terms of the coupon and the current market price ([yearly coupon/market price] * 100). When in doubt, simply confirm from the adviser the type of yield being quoted

mickky22:
Good day Bond Guru

Is there any hiding charges... If I buy bond from secondary market {Standbic IBTC}.
2. Please can someone explain bid and offer from price and yield.

Thanks in anticipation.

1. Charges are usually incorporated into the final price, and would be reflected in the yield.

2. Bid is the (best) highest price someone is willing to pay for the bond, while offer is the lowest price at which the bond is being quoted.

3. There’s so many yields bandied around in the world of bonds. Coupon yield, yield-to-maturity, yield-to-call, etc. The two most common are the coupon yield and the yield to maturity (YTM). The YTM is the yield you commonly see quoted on the FMDQ webpages or the banks’ secondary offers. The YTM is a comprehensive yield that tries to determine the total interest you will receive over the duration of the tenor while considering the final redemption price and assuming you reinvest all coupons earned at the same rate. It is usually annualised in the wuotes

EgunMogaji2:
It's the cut hole that I gave to my tiler to install. He had to remove the previous broken one that he had there.

Nice. Can’t wait to see the completed house. Are those tiles for the bathroom? If not, what area is shown in that picture?

EgunMogaji2:
Thursday afternoon activities.

Is the top picture the current state or reference design? Looks v nice

Godisfaithful:
In another news update:

$1 is equal to N575 at present September 16, 2021 10:58pm

God bless Nigeria!

Going to open at N555 tomorrow.

spyder880:
No, I don't have the building plans, the architect that owns it will have to prepare the drawings.

Noted. Thanks

spyder880:
About 34m till fully completed.

Oga spyder, do you have access to this building plan? Or do we have to get our architect to reproduce it before contacting you? Please advice. Thanks

How much do your plans cost?

Greetings to all,

Biko, I have an enquiry to make. We have good, reputable builders in the house, but can anyone recommend someone that can do interior finishes as good or even better than Skimanski? It’s not just about quality finishes but the focus on the details and beautiful end product.

I would have utilized Skimanski’s services, but I keep reading about some his communication and untimely delivery lapses. Any others?

skimanski:
FINISH !!!!!

Incredible. Was it stamped concrete used in the compound?

spyder880:
Its for construction and moderate finishing, when I say moderate, I mean that we wont be expected to use top of the range fittings in the finish stages, no luxury stuff. Thanks.

Thanks Oga. What about with this kind of finishing?

https://www.youtube.com/watch?v=ZrKo--7Tdus

Pardon my question, but do you do turnkey jobs like this where you replicate the interior finishing of a sample paired with a building plan?

n3xt:
My kind of window spotted

The concrete floor is stained by a pro hardscape contractor .

Thanks Sir.

EgunMogaji2:
Looks like a well done stained concrete.

Thanks bro

Good day my people,
Can anyone throw more light on what was used in the compound in the attached photo?

Thanks. Also, is there an active thread on compound works?

spyder880:
About 34m till fully completed.

Is that for finishing or just carcass?

Marpol:
I want to duplicate this

Oga Spyder, what is the cost of this in today's naira?

No worries. Thanks. Can you give a rough estimate or a range (could be wide)?

EgunMogaji2:
I really don't know on this specific build. I stopped counting a long time ago though my Project Coordinator is keeping records for this recent wind in the sail.

Sorry.

Kudos, bro. If you don't mind, what's the cost of this project so far? How much do you estimate for the entire project (up to completion)?

Updates? Has the work been completed?

emmanuelewumi:
They are currently overpriced.Friesland wamco at N135 paid total dividend of N10 dividend payout of 90%. Friesland makers of Peak milk is facing competition from cheaper brands.

CSCS at N16 paid dividend of N1.10 dividend payout ratio of 80%. CSCS is sitting on a huge cash, I think the company made about N6 billion as coupons and interest on their bonds and other Investments. Work force is low at N100.

Niger Delta Exploration and Production at about N320 paid dividend of N11, with a dividend payout ratio of 30%.


I was able to get few units of NGX shares at N16 about 2 months ago, currently at over N20. I see the company generating more money as more Nigerians start investing in the stock market, more Jijoist continue to buy and sell shares, more companies are fined for late submission of corporate results.
NGX owns about 20% shares of CSCS. NGX is also a shareholder of NASD and FMDQ the biggest and most active exchange in Nigeria. Daily transaction on FMDQ is over N500 billion

Thanks for the color, Sir. Much appreciated.

I was under the impression that NGX would list soon, correct?

emmanuelewumi:
Thank you.

Let us know when there are bonds with a yield of 16% in the secondary market.

I want to move 30% of my portfolio to bonds at the right price and yield. I currently have 5% in money market funds and 5% in fixed income funds.

You’re welcome. Follow @FMDQgroup for updates on daily reference bond prices

emmanuelewumi:
Some companies on NASD are better than some companies on NSE ooo.


Friesland wamco has been paying out a total dividend of almost N10 billion for the past 4 years.


CSCS increased in price from N5 to N16, dividend doubled in the last 5 years.


Niger Delta Exploration and Production increased from N100 to over N300 per share.


Afriland Properties is the landlord of United Capital and other corporate tenants, it has been consistent with dividend payments for years. Same with UBN Property Development Company

Thanks for this. Any info on the current yields?

Akerewe:
Pls is this bond offer still available nd when is the closing date

Check DMO’s website for info on the next re-opening

emmanuelewumi:
How should an investor have if he is interested in this

Minimum amount is N5m

DMO bond re-opening offer

Why do they play James always? Wahala

~

Titugirl:
I have general knowledge about Treasury Bills, fixed deposit, bonds. Pls I'd like to know more about the euro-bonds. Thank you

Yields are currently low like you rightly referenced. What minimum yield are you seeking? What is your time-frame, since most dollar-based mutual funds expect 6-months at the minimum?

1. Stanbic IBTC has a dollar-based fund (see screenshot below). However, they usually display their returns in terms of Net Asset Value (NAV), rather than yield, since the price of the underlying fluctuates measurably and is marked-to-market daily. You can expect a total return of ~3.5 to 4%, based on the current yields and prices of the underlying FGN Eurobonds. The total return consists of appreciation in the NAV and a small annual dividend distribution.

2. There are other alternative investment products such as the Kudy Financial Eurobond fund and Cowrywise dollar mutual fund. You can send them an enquiry email for additional queries.

Goodluck.

Daniel James needs to be sacrificed to the gods.