₦airaland Forum

stcool:
Make una fear God...you want to buy Guinness @N4

talk2me2:
Meristem stockbrokers has really disapointed me. I sent them a payment request since on Tuesday they debited my cash account and processed the payment, and even sent me a mail that my money has been processed. But up to now they have not transfer the money to my bank account. I sent a mail to them this morning but they did not respond, I called them and they did not pick.

I don't know what else to do I suppose to invest that money into ETH cryptocurrency since yesterday and now ETH has started to rally

PETERiCHY:
CSL TARGET PRICE for GUINNESS is N15 which means the Price to sell s

So let wait for GUINNESS at circa N10
Above all the management already issued a PROFIT WARNING against their 2019)2020 F/Y RESULT that will be released in AUGUST!

BARGAIN HUNTERS TAKE NOTE!

naturalflow:
where is currentprice

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/30603_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JUNE_2020.pdf

HW is buying,

When he sold we shouted insider trading, cried wolf and saw imaginary red flags! Now he is buying, I hope we all start complaining

shogbenga:
I have a tenant that is owing 5 months rent right now. His rent was due end of January. It's stories every day. Very frustrating. He said he is a Pastor

debeey87:
They're giving Savannah shareholders about 146m units of dangote sugar share but are increasing the shares in billions. Abeg how do these things work cos I am confused

hectoro:
Hello Experienced Investors:

Some background -I have used 2 stockbrokers in the last 12 years, just realized I have 3 CHN numbers, I'm not receiving all my dividends and generally unhappy with poor service received so far. I tend to just save money with treasury bills/mutual funds since losing faith in my stockbrokers.

I want to see all my shares and transaction records in 1 location, have just 1 CSCS/CHN number, and eventually trade and reinvest dividends by myself (transaction value max of 150k per annum). What do I need to do? Can anyone recommend an online platform that is reliable, with reasonable/clear fee structure and is user friendly? Or am I being unrealistic? I have seen MorganCapital mentioned a lot on this platform, are there others that people can recommend?

Thanks!

emmanuelewumi:
The essence of steady cash flow in form of dividends, coupons, rents, profit from business, salary can't be overemphasized when investing in the stock market, while hoping for turnaround of the companies you have Invested in, praying for capital appreciation, the steady cash flow will give the investor peace of mind, pay his bills, keep him going while patiently hoping for the ten baggers yes people do get 1000% capital appreciation from the market over a period of time

TLAX:
The Brewery Sector has faced significant challenges in recent times caused by increased excise tax, changing consumer preferences and lower disposable income. Nevertheless for the following...

International Breweries - Battered from all sides in the last 18 months or so, the price appears to be at consolidation stage at its long term support level. I advice investors to have this on their watchlists. There remains a very small probability prices could drop to sub N4, otherwise it will range at current price levels into Q3. A number of interesting things to watch out for is return to marginal profitability by Q3 20 as debt service commitments drops materially after successful rights issue. Debt/Equity ratio moved from 2.24 in January 2018 to 6.18 in December 2018 to 35.32 in December 2019. It now stands at 0.65 as of March 2020 which is not ideal but a great improvement from past periods. Rights issue effect was applied 100% to reduce debt. Revenue is not challenged but the company will need to focus on operational efficiency to make headway. Attention is being paid to this with wholesale change in management between late 2019 to now. Finally, they need to figure out how to stay out of NBs way. Have this on your watchlist but this is not an advice to jump in now. Strictly not for JIJO folks as there is no room to maneuver here.

Champion Breweries - Fundamentals are okay with ready made market. Not recommended for long term holding. For Jijoist, if you can, jump in at 0.75k - 0.78k and plan to exit at 0.99k - N1.00 range. I believe these price ranges are all possible before year end. Another approach is to look at that 99k exit price and pick you entry based on returns preference.

Guinness - This can get to 28.49 in next few months if not weeks if market divergence from overall economy trend continues.

Remember, do your diligence or get alternative opinions on these companies and their likely price actions before taking any action yourself.

Godlylifeoneart:
The much awaited and anticipated ARDOVA, As expected, individual own listed companies have been releasing terrible and disastrous results.
Ardova has just released one the worst of them all.
Profit after tax... N0.5 bi
# massive dumpling next week.
# back to sub N10 loading.
Nothing to offer retail investors.

Dupeodus:
The AIICO q1 result is a continuation of aiico's management practice of depressing the financials to keep the stock price low so they could finish whatever they need to do. The current need is for the MD that was appointed lat year and had no shares before to accummulated shares and is currently doing it at relatively low price. Look at that q1 results again. The last line is a finance cost of slightly over =N=1 billion naira. This is a company that is flushed with cash and government securities. The only liability in their book is the IFC loan of $7 million. I will even grant that included in that finance cost is maybe =N=350 million in the depreciation of the naira and you add that to the normal quarterly cost of about =N=50 million related to the loan. That is still =N=400 million, a good 600 million less than what was charged. But you know what, let's even leave it as the first quarter charge, unless naira completely goes to the gutter, it will not recur in subsequent quarters. That gives you an idea of what the year will look like. This is is addition to an unexplained charge of =N=975 million that AIICO continues to charge every quarter to add to the 'other contract liability' line. By the end of the first quarter, about =N=6 billion has been accummulated on that liability line that AIICO has never explained to whom or what product they owe the money to. Every quarter, it's a charge to the P&L with a credit to that liability. I have checked the financials of other insurance companies and they don't have anything similar. Lastly, you have to consider that the Leapfrog investors bought at =N=1.20. they are no fools if you research into them. They must know what they are buying into.

wanaj0:
Teachers pay constitute the greatest draw on a School's resource.

Crisis has not passed in Nigeria oo. We are just starting. Not close to the peak at all.

Consulted for a leading school in PH. Teachers were told to pick between half salary in April and May or full salary in April and no salary in May. They picked full salary in April. Now that may is here they are wondering whether they will get paid in May. My question is where will the money come from?

Employees need to consider the business when making demands. It is like a pilot resigning from Virgin. Which airline will employ him now? This is a problem affecting the sector as a whole!

Godlylifeoneart:
THE DRUM IS BEATING.
Recently, there is a new campaign for brokerage firms to merge and recapitalize.
The proponents of the campaign opined that less than 10 stock brokerage firms are responsible for 80% of equity transactions in the Nigeria boss.
Should this proposal of RECAPITALIZATION / MERGING sees the light of the day, it means the retail traders are in for high brokerage commissions.
Presently, the commission ranges from 0.5% to 1.35%
I wonder why the terrible government of the North always make things hard for the productive people of Southern Nigeria.
We do the work, earn the money, pay the tax, spend by the directionless government of Northern Nigeria.
It took a determined campaign by the Olusegun Obasanjo regime in 1999 to lure the present generation of retail investors to the market.
Now that our generation has embraced the market in our quest for financial freedom, the body language of this government of the North is to make us pay more brokerage fee.
I can recall, VAT was removed on equity investment and transaction in an effort to encourage retail investors to participate more actively in the market.
Recent statistics shows that the domestic investors participation in the market currently stood at 54% vs 46% for Foreign investors.
Should government insist on the recapitalization and merger, who will pay the imminent increase in brokerage fee that will accompany such exercise?
I have no apology, this government is blind and deaf. She does not listen to people. Her personal interest of Northernisation of the whole Nigeria is the interest of the country.
In Nigerdelta, where the mainstay economy of Nigeria is located, we have no gut. The official language in NNPC is now HAUSA.
All the top management positions, 23 out of 26 is filled by hausa fulani.
To worsen the matter, the graduate trainee scheme was essentially reserved for the candidates from Northern Nigeria.
Buhari has destroyed Nigeria.
After removing the VATs holiday that was introduced by GEJ, he is bent on making us to pay more.
What is left for our deaf president is to rechristened the nation FEDERAL GOVERNMENT OF THE NORTH.
NO apology for any of the readers of this view from the North.
Speak to your people, tell them Nigeria does not belongs to only the descendants of othman danfodio. It belongs to us all.
After destroying everything in Nigeria, Buhari is bent on destroying the NSE and SEC. Go ahead, we are fully diversified.
NYSE, LSE many of us are already there.
No one is insulting the wicked northerners, they are the one insulting and destroying the nation.
Your President sacks a southerner, he replaces with a northerner.
He sacks a northerner, he replaces with a northerner.
You shout one Nigeria while you believe in only Northern Nigeria. You have grossly divided this nation.
We are marching on. You cannot be in power forever.
The glorious days of NSE shall return after the expiration of Buhari tenure.

emmanuelewumi:
Congrats BUA Cement shareholders, dividend of N1.75k.


Profit after tax of N60 billion higher than the N35 billion promised by the core Investor

Dividend payout ratio of 97%

emmanuelewumi:
But NAHCO did not make any revenue in 2 months and this might continue for another 8 weeks or more, where do you expect the business to get money to pay the workers.

NAHCO tried, most companies in the Aviation sector told their workers to proceed on leave without pay. Arik paid 20% in April and sacked 80% of the workers at the end of April. They might be recalled when the aviation business bounces back.

We are in a difficult situation, unfortunately we are all in this together.