Is Caverton FY19 results out?

GTB Dividend Alert received. So why the delay from UBA and AFRIPRUD?

My Ogas, what do you think about this commentary below? I got this from a WhatsApp group. It painted a scary scenario for Nigeria

It is already happening. About 70 cargoes are currently stranded - no buyers. Nigeria is currently offering a $5 discount which means we are selling at a loss. Major problem is that we are no longer a low cost producer like back in the days when most of our oil was produced from onshore and marginal fields. Now the bulk of our oil comes from expensive deep sea offshore oil wells - bringing our average oil production cost to $17 per barrel. Meanwhile Saudi produces at $2.8 - $5 on the average and is offering $8 - $10 discount per barrel. Russia produces at $15 but has solid foreign reserves of $500bn/$600bn.

I understand that most IOCs, including Shell, are now considering scaling back their capes- which of course affects our future production capacity. NNPC has said that if oil price continues to tank from this level, Nigeria will stop selling because it will be at a massive loss.

Without export proceeds, we have only FDI and FPI to fund our fast declining foreign reserves. Unfortunately foreign investors are heading out amid fears around Nigeria's bleak macro prospects.

Therefore we are heading for a situation worse than 2015. We have massive Eurobonds that need to be serviced. Our currency is overvalued - fair value is from 425/$. We are also heading into a negative real interest rate environment. A combination of these two factors will make Nigeria very unattractive to foreign investors - just like in 2015. Unfortubately CBN does not have the kind of latitude it had in 2015. Our debt service cost to revenue ratio is already overstretched at above 50%. We cannot even issue the new Eurobonds we need to issue because yield on our existing Eurobonds has gone up to 15% levels - almost reflecting a potential default.

Worse still we have to manage a deadly combination of Lassa and Coronavirus. The prognosis is really scary. In 2008/2009 we had a financial crisis. Today we have a deadly Health crisis and a bigger Financial crisis rolled into one.

My advice. Avoid taking on any FX obligation if you can. Pray fervently for Russia, Saudi and OPEC+ to come back together, and for a cheap and effective vaccine or cure for Coronavirus to be found

Good day everyone.

Can you please if you already received your AFRIPRUD dividend? I am yet to receive mine. I thought the payment date should be the 23rd of March.

Now here is an interesting conspiracy theory if you want:
Impact of coronavirus on stock exchanges worldwide, within 1 month:

�� -26%
�� -26%
�� -25%
�� -27%
�� -20%
�� -19%
�� -16%
�� -24%
�� -14%
�� -17%
�� -12%
�� - 17%

Now, look at this:

�� (China) + 0,3%

China, creator of the pandemic, has miraculously "recovered", has almost no more cases of coronavirus. The world is now beginning to feel the effects and panic about the disease. Who recovered first ?? China itself! It seems to be that this virus was a move by the Chinese government in response to the loss of the trade war with the United States. The goal: to throw the world into recession !!!
Is the scenario not clear? They are already growing! China bought almost everything it devalued on the stock exchanges around the world ... with that the Chinese became owners of the global companies that are in China and without the money leaving China.

*Was WW III happened and we did not even realise it*




The Chinese president at Wuhan Hospital without muzzle ..
China officially announces victory over the Corona virus

Did the Chinese deceive the world with the Corona Virus? And they saved their economy ?!

This is what the Americans and Europeans think, after they sold their shares in high-value-added technology companies for a minimal price to the Chinese government.

According to them, the Chinese leadership used an "economic tactic" that made everyone swallow the bait easily, before they asserted that China did not resort to implementing a high political strategy to get rid of European investors, in support of China's economy, which would bypass the US economy with this step ..!

And because it teaches the science of certainty that Europeans and Americans are looking for excuses to slow and bankrupt the Chinese economy, China has sacrificed some hundreds of its citizens, instead of sacrificing an entire people ..!

Through this tactic, China succeeded in "deceiving all", as it reaped about $ 20 billion in two days, and the Chinese president succeeded in deceiving the European Union and the United States of America in the eyes of the world, and played an economic game of a tactical nature, which was unthinkable. !

Before the Corona virus, most of the stocks and stakes in investment projects at "Technology and Chemicals" production plants were owned by European and American investors ..!

This means that more than half of the profits from the light and heavy technological and chemical industries went to the hands of foreign investors, not to the Chinese treasury, which led to a decline in the Chinese currency, the yuan, .. and the Chinese central bank could not To do something against the continuous fall of the yuan ..!

There was even widespread news that China was unable to purchase masks to prevent the spread of the deadly virus. These rumors and the Chinese President’s statements that he is “not ready to save the country from the virus” have led to a sharp drop in the purchase prices of shares of technology companies in China, and the empires of “foreign” investors have raced to offer investment shares for sale at very low prices, and with attractive offers, "Never seen before" in history ..!

The Chinese government waited for foreign share prices to reach their "almost free" minimums, and then issued an order to purchase them. And bought the shares of Americans and Europeans ..!

And when European and American investment financiers realized that they had been deceived, it was too late, as the shares were in the hands of the Chinese government, which in this process nationalized most of the foreign companies erected on its soil in a near-free manner, without causing a political crisis or a single shot .. !

The same sources confirmed and pointed out that "Corona" is a "real" virus, but it is not a terrible danger that has been promoted across the world ..!

China began to take out the anti-virus vaccine, this vaccine that it had owned from the beginning on the shelves of refrigerators after it had received its goal ..!
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WE MIGHT JUST BE FIGHTING WW III UNKNOWINGLY NOW

Good day everyone,

Between Transcorp and Caverton, which is better for a 2 or 3 months horizon?

Thank you.