fxuser:


Side note:
NSE FYE results is sumfin else oh ! and MTN never list yet
#pepperDem

NextProdigy:


Lot dey buy shares for NSE?

currentprice:


for BULL not show in MAY has distort my candle chart, i need an expert for a new one

DeRuggedProf:


I sincerely feel/wish you should be contributing more.
I do not take your posts lightly and have personally benefited from your deep insights and unique way of interpreting the charts.

You have a way of professionally approaching the charts without throwing stones.

You are a great source of encouragement to us here.
Thanks.

akinssan:
What's this person thinking about, bought 1 unit of Wema...am a learner sha

samzepaparazi:
Are morgan and meritrade the only realtime brokers .

I mean realtime not the ones that will collect your mandates online and execute for you.

onegentleguy:


Why do u ask my Oga?
There's really not much big deal in this one now. ...me thinks its just common sense and clearly mathematical.

But to answer ur question; No Sir. ...I am only an Engineer.
Though currently not practising. ...am just an ordinary Entrepreneur heading a small Enterprise in a different field.
Am just Onegentleguy Sir.

Regards.

onegentleguy:


The number of commercial transactions that are now denominated in foreign easily convertible currencies, especially the US Dollar, has astronomically increased in the last decade. ...mostly due to the benefit of retaining earnings in US Dollars, as opposed to the Naira, which is the national currency in Nigeria. One of such opportunity is the benefit of quick arbitrage that comes with shorting the system with a view to making some gains from FX differential. ...and since the managers of companies are increasingly becoming smarter/wiser, they've sought some of these means in their many quest to explore several channels to increase their earnings.

Again the International Financial Reporting Standards (...I think IFRS IAS 21) requires a foreign currency transaction to be recorded, on its initial recognition, in the functional or national currency of the concerned company, applying the spot FX rate at the date of the transaction.
IFRS IAS 20 goes further to require that at the end of each reporting accounting year-end, the foreign currency monetary items are required to be converted into the functional or national currency using the closing FX rate for the currency of the transaction.

Any resulting exchange rate difference (ie the FX rate at the date of the transaction and the FX rate at the close of the transaction) whether a profit or a loss, are required to be recognized in the Accounting Books of the company at the date when they each arise. ...and where the transaction is a continuing one, IFRS requires such investment to be initially recognized under Other Comprehensive Income and reclassified to a profit or loss position on the disposal or completion of the transaction or investment.

In summary, assets and liabilities are required to be translated and booked at the FX rate, at the end of the accounting period of each transaction. ...Income and expenses are required to be translated at the FX rate existing on the dates of each of these events. And lastly, FX rate differences are recognized under Other Comprehensive Income and subsequently reclassified to the Profit and Loss Account on the disposal or completion of the FX related transaction.

Hope this helps.

Regards.

Mftivi:
please guys which platform do you use for candlestick charting on NSE

Manonamission:


Mr Oge, some of the information in your website are inaccurate o. Specifically, dividend payment from Transcorp. When did Transcorp propose N4.4b dividend? You also claim N502m was paid the previous year......when? How? Where?

phemmie06:
Is it compulsory to fill the shareholders account number before edividend mandate form can be processed?

maishai:

Aside bournvita, what other products do this gyys sell, I even prefer milo to bournvita when it comes to beverages

fodukes:


Bros you are right on point. As at 9:30pm yesterday my account officer, the big headed woman sent me a text saying my subscription was not successful, the treasury bill team was not able to complete my request because the portal was down, that I’m on que for today. Well I’m on my way to the bank and then go hail, I’m gonna make sure they don’t do anything for one hour. I can actually move my funds to other banks and get it done, but for this particular subscription - na Gtbak go do weda dem like am or not.

Gavrelino123:

ok,let me narrative it.....
See how i did mine.......i Went to a branch at Amadu Bello Way,Lagos by 9.30AM yesterday and requested for secondary Market,which the guy in charge told me they weren't authorized to suscribe for any customer @ the moment that i should check back......i reciprocated immediately by asking the Enquiry staff "Is it General or this Branch only" ....He replied by saying "sir i can't say more than this".......
I told him,well no problem,let me go and get full details from your head office about what you just told me....As i was about stepping out,he called me and said i should hold on...i saw the fear gripped on his face....he told me to write my instructions that whenever they are authorised that my TB will be treated, which i said no & wanted it done immediately......I told him clearly,I'm well enlightened about T.B Primary and Secondary Market,that he should stop wasting his time...that was how i was attended to...
The key is,don't approach them with a novice look,because they are well trained expert liars... don't write your instruction and leave it with them,make sure it's treated before leaving the Banks.....By the time they are familiar with you that you are well enlightened,,they won't play such pranks again even if you come another day.....!!!!

RabbiDoracle:


(1)Statement of cash flow tells you the cash inflows and outflows during a business year. Operational cashflow, investing cashflow and financing cashflow.

(2)FCFF tells you the cash position of the company at a point in time. It tells you the cash the company has/has not from a business activity.

(2) is got from (1).

(1) includes borrowing or repayment of loans.

(2) doesn't include borrowing or repayment of loans. It tells you what the true cash position of the company before you start paying off anything.

That is why (2) is calculated using

PAT (after you have deducted everything like staff salaries, paid suppliers, exceptional items sef, tax and added other incomes gotten during the course of the business)

D & A : Depreciation and Amortization. Any accounting provision made to cover for replacement of equipment, inventory etc

Changes in WC: the changes in the capital deployed for running the business

Capital expenditures: the purchases made to replace equipment.


Once this is highly negative, You see companies going to borrow from banks and it will appear under the "cashflow for financing activities" as could be seen in the cash flow statement.

TLAX:
Makers of Indomie Noodles are gradually creating a monopoly in that market. After buying off Dangote's noodle business last year, they are close to buying the noodle division of another quoted company and about to commence talks with yet another quoted company making noodles. Is Dufil Foods company quoted and if so on which board?

RabbiDoracle:




No more fights by members.

Scientists said when market is falling, the body secretes more cortisol. This brings stress and you see people moody and itchy like Toluway

When it is rising, the body secretes more adrenaline. Euphoria comes in and people get happy.

Make I shut up my mouth!

Coolcash1:
The four days bear tested our resilience, tolerance, patience and depth of our investment. For those of us who did our research and invested in quality stocks it was an opportunity to load more e.g. honey well flour, dangote flour, GTB, uba etc But to those who invested purely on follow-follow basis, they lost their peace, panicked and hoping a higher power will bail them out... It was like their world crumbling before them...

Emmanuel, i owe you a lot of appreciation. After reading the book you recommended, it has helped me to change my investment style and BETTER manage my emotions...

Though critics might argue that its still early days to conclude that the bulls are around but at least market is gradually recovering and as long as one's portfolio consists of fundamentally strong stocks there is no reason to press the panic button.

soloniger:
Sorry to digress little

There was a mistake of spelling of my name and the date of birth on my voters card. Has anyone edited his or her voters card B4? I have no other valid ID card. I'm thinking of going to INEC office to make the change Bt I'm not sure if they will do it. Anyone with an Idea?