₦airaland Forum

I thought the honorable minister of finance has canceled 10% witholding tax to encouarage investors...... They still cut their 10%.........Seriously a 10% tax is just too much

I would need on this Foreign exchange relations as this usually turns JBergier results funny on continious basis.........

PharmAlfred:
http://www.nse.com.ng/Financial_NewsDocs/29801_JULIUS_BERGER_NIG._PLC._CORPORATE_ACTIONS_APRIL_2020.pdf

Julius Berger shareholders, this should concern you.

Dividend now N2 instead of N2.75.

No thanks to Covid-19.

I smell big fear in the Land.......If Julius Berger starts speaking from both sides of their mouth......It definitely wont be easy in the coming months

DrAwo:
The Nigerian beer market is facing stiff competition from the imported spirits, wines and vodka which the younger generation who drink tend to align more with these days...

The 3 major brewers (NB, IB and Guinness... In no particular order) are also jostling amongst themselves for market share...

They need to start thinking of diversifying...

I believe its more of Govt policies not favouring this Industry, same with Petroleum Marketing.............Between this 3 I believe they have got the R& to match any thing the Alomo bitters of this world have to offer, I saw what Origin did for Guiness....... The Industry has lobbied relentlessly for waivers from this Government but no deal has been brokered hence their poor Showing....... This stocks are what I call Election stocks for now as their hopes for a rise hinges on a change in Govt policies

maishai:
Who used Polaris bank here for fbnh div.....mine yet to show

just landed

I have a few notes ...... This FBN dividend does not make sense unless you bought during FBNH crises that sent it to a low of about #2.90 for good 3 months...........same is going on in a few companies right now.... If one is able to buy now and they come out of the heavy headwinds facing them now their Dividends would definitely look delicious......If u dont take some out in capital gains........

Who used Polaris bank here for fbnh div.....mine yet to show

dipoolowoo:
United Capital, Africa Prudential Hold Virtual AGMs Today
https://businesspost.ng/economy/united-capital-africa-prudential-hold-virtual-agms-today/

Rising Costs Shorten Fidelity Bank Q1 Profit
https://businesspost.ng/banking/rising-costs-shorten-fidelity-bank-q1-profit/

Sunmonu Now Wapic Insurance Chairman as Aig-Imoukhuede Retires
https://businesspost.ng/jobs/sunmonu-now-wapic-insurance-chairman-as-aig-imoukhuede-retires/

Chartered Financial Analyst Joins FCMB Board
https://businesspost.ng/jobs/chartered-financial-analyst-joins-fcmb-board/

Brent Crude Falls to $19 Per Barrel
https://businesspost.ng/economy/brent-crude-falls-to-19-per-barrel/

MTN, GTBank Stop Bears’ Invasion at Stock Market by 0.07%
https://businesspost.ng/economy/mtn-gtbank-stop-bears-invasion-at-stock-market-by-0-07/

Value of Naira Deteriorates to N386.25/$1 at I&E Amid Ease in FX Demand
https://businesspost.ng/economy/value-of-naira-deteriorates-to-n386-25-1-at-ie-amid-ease-in-fx-demand/

Investors Shun NASD Exchange Third Time This Month
https://businesspost.ng/economy/investors-shun-nasd-exchange-third-time-this-month/

AIG imokude was busy mopping aspic insurance shares at rediculously low price of not more than 0.22k, at times I feel there is a grand plan waiting to hatch.....I imagine him selling at #3 in 4 years time

lexy2lexy:
https://nairametrics.com/2020/04/26/banking-crisis-imminent-in-nigeria-due-to-debts-by-independent-oil-producers/

reason why the lock down would continue, we have to give world economies time to recover so that demand for oil can be bumped up, if this oil companies dont service their debt, the average Nigerian life would look like a bank run but as all and sundry are locked down you wont notice............Aiteo mentioned again, FBNH and Aiteo are 5&6...... any way the lock down continues

dipoolowoo:
Trapped Foreign Investors Invest in Nigerian Stocks, OMO Bills
https://businesspost.ng/economy/trapped-foreign-investors-invest-in-nigerian-stocks-omo-bills/

CBN Fines Zenith Bank, First Bank, Others N1.4trn
https://businesspost.ng/banking/cbn-fines-zenith-bank-first-bank-others-n1-4trn/

Dollar Scarcity Weakens Naira by 16% at Black Market
https://businesspost.ng/economy/dollar-scarcity-weakens-naira-by-16-at-black-market/

Julius Berger, 9 Others Jostle for Fourth Mainland Bridge
https://businesspost.ng/general/julius-berger-9-others-jostle-for-fourth-mainland-bridge/

COVID-19 Cases in Nigeria Hit 1,095 After 114 New Cases
https://businesspost.ng/general/covid-19-cases-in-nigeria-hit-1095-after-114-new-cases/

Nova Merchant Bank Risks Negative Rating Action
https://businesspost.ng/banking/nova-merchant-bank-risks-negative-rating-action/

Oil Prices Close Positive After Highly Volatile Week
https://businesspost.ng/economy/oil-prices-close-positive-after-highly-volatile-week/

NASD OTC Exchange Closes Flat at Friday Session
https://businesspost.ng/economy/nasd-otc-exchange-closes-flat-at-friday-session/

This would have been a thing of Joy but the patron Lagos state Govt an arm of the Nigerian Govt Has a lot of abandoned and uncompleted projects in its books...... The light rail comes to mind, Compare that to the Apapa Oshodi Express way that is being sponsored by a constorium of Nigerian Companies is already near Completion ...........Any way the Project will go to CCECC

Can anyone recommend a good inverter to run a submersible........I will rather go for an inverter installation instead of a doc pump

RichEstate:
Good morning all, thank you to all profs. This place is like JAMB special centre. I will bring my tithe this time next year � �. With good information and right application, poverty is half dead.
I'm just taking time to appreciate you all for shaping me daily.


Please for us newbies, make u a dey help us answer questions. I remember I raised question on Oando @2.2 but was not treated. I'm not apportioning blame though. Just that we need you to reach your levels. Thanks.

Go ask Peterichy on how Oando has made many a investors Paupers...................... A stock with an all time high of more than #100 trading @ circa #2 , imagine you bought at #100 and you want to sell now

Mcy56:
Q1 will soon start rolling in.

**

I doubt if any company except Banks wouldrelease good results Q1, We are yet to recover from border closure then Cash crunch and Covid 19 enters the scene..... I would see how the country would come back up and running

emmanuelewumi:
Dangote cement should pay him up to N500 million or more per annum

In retrospect I now believe Dangote wants Wapco Dead as the Battle for Ghana wages on, I believe he was brought in to see a way of Giving Dangote Cement breathing space in Ghana..... The Grinding facilities in Ghana has started operations and Both Dangote and wapco now export Clinker instead of Cement to Ghana........................................................Definitely having the two will do one Good.

I finally got my answer on why Pucheros left WAPCO for Dangote, more than 120% increase in annual emmolument as he replaces Makojun........Hope this translates too to my capital gains

Mcy56:
Transcorp mulls restructuring:
https://thenationonlineng.net/transcorp-mulls-restructuring-as-profit-drops-by-82/

"At the annual general meeting of the conglomerate later this month, shareholders are expected to consider and vote on a resolution authorising the directors to “carry out restructuring, reorganisation, or reconstruction of the company or a combination of any of such actions or other business arrangements as they deem appropriate"

**I mentioned this few weeks ago but didnt attach link then.

** What could this mean for the shareholders?
From what I read, I could only interprete it to be a positive news.......and also judging from the volume these past few days.............. but I may be very wrong.
Our ogas, please help us torchlight this if you have any info on it, make we no miss out if its a good news.

Caveat: Not an advert to buy or sell. I'm not a promoter like Peter.

No body with experience in this thread will find this suprising......................................... Thank you NSEMPA................................. GOLGOTHA LOADING FOR TRANSCORP........ I await thee at 0.20k

PETERiCHY:
Better wait for DANCEMENT sub @N100
It's from that junction vex go catch Alhaji afterwards he go release his BULLION VANS.

BARGAIN HUNTERS TAKE NOTE!

hmmmm, that should bw after he pays #16 div

OBAGADAFFI:
Wike want his 1 Billion.

He is Angry that people are still doing business in oil rich Rivers, while others Lagos with no business is getting the billions.

f
Imagine, Amechi not helping matters and coming back home.........This gives credence to d tune that Caverton is heavily supported by guys in current administration........

wanaj0:
We have different threshold. Unfortunately when people join a forum like this, they dont understand that our risk profile differs. So when you follow someone with different risk profile, when the risk materializes then response will be different. When people use SHORT TERM funds for LONG TERM INVESTMENT because someone told them of a 50% return in 2 weeks what do you think will happen?

Then you have people averaging down and the more they buy the lower the market goes! How patient can they be after they've spent rent and school fees money to buy shares expecting to make 50% in 6 months only to be at 25% loss!

Then you have those that don't fully understand the strategic reason behind some moves. You have people buying illiquid stock to get on the board. No plan to sell. Now you joined because it was gaining 10% everyday with the hope of selling! You suddenly discover that what you have is paper profit because no one is BUYING

People need to develop a plan and follow the plan. Yes you can update your plan BUT don't do follow follow because of our risk profile, objective etc are DIFFERENT.

Know yourself and UNTO thyself be TRUE

Best time to start digging out history ............ Good morning House

emmanuelewumi:
But what we have quoted on the Nigerian Stock Exchange is ETI the parent company and not Ecobank

Sir year in year out, Dangote cement keeps quoting a loss, a seemingly coherent loss on its pan African Operations while at the same time commissioning new factories in at least one African country per year with new plans yearly in Africa.............What is the game plan as it seems that there would soon be more factories outside The country yet the factories in the country are the ones churning out the profit

RabbiDoracle:
Though this cannot be proved to be a bio weapon. But where the issues will come is when you compare the economic damage as a result of the late release of information about the virus from China.

Oga mi, Pls dont laff o, how deep can International Breweries still dig , the chart I just saw is scary

BullBearMkt:
...technically this is not a stock to keep on watchlist, except...

hmmmmmmmm

DeRuggedProf:
From Facebook:

I think the world needs to know this.

Wetin we no go hear, copied ) *Corona: Something is wrong ...!*

� Wuhan to Shanghai = 629 km
� Wuhan to Beijing = 1052 km
Wuhan to Milan = 8700 km
� Wuhan to New York = 12000 km
� Wuhan to Etli = 8670 km
� Wuhan to London = 8880 km
� Wuhan to Paris = 8900 km
� Wuhan to Spain = 9830 km
� Wuhan to India = 3575 km
� Wuhan to Iran = 6560 km

� Corona in Wuhan's nearby city of Beijing / Shanghai had no effect, but ...
^ Death in Italy, Iran, Europe countries and ruining the world economy…!
All business areas of China are safe…!

� * Something is wrong…! *
America is not blaming China like this ...! *
�4
Fear of terror, America kept protecting us and kept selling weapons and ...
� On the other hand, China has worsened the economic situation of the whole world and today itself is sitting safely!
� It says - far-sighted and long-held conspiracy to rule the world ...!
The virus from Wuhan reached the whole world but did not reach Beijing, Shanghai ...! Why ...?

Great people in the world have been corona, Hollywood - Star, Australia's Home Minister, Britain's Health - Minister, Spain's Prime Minister's wife and now Britain's Prince Charles also has Corona, but China Corona has not even touched a single leader, a single military - commander ...! Why ...?

� Corona virus has ruined the economy worldwide, thousands have lost their lives, millions have been sick and countless people have been locked in homes, locked down in many countries, In which India is also one!

� Corona virus has originated from the city of Wuhan in China and now it has reached every corner of the world, but this virus has not reached the capital of China: Beijing and the economic-capital: Shanghai near Wuhan, why ...?

� Today Paris is closed, New York is closed, Berlin is closed, Rome is closed, Delhi is closed, Mumbai is closed, major economic and political centers of the world are closed, but Beijing and Shanghai are open, there Corona did not show any effect! Numerous cases came to light, but in a way, Corona had no effect on Beijing and Shanghai, why ...?

� Beijing is the city where all the leaders of China live, military-leaders live here, those who run the power of China live here, there is no lock-down in Beijing! It is open! Corona has no effect here, why ...?

� Shanghai is the city that runs China's economy, it is the economic capital of China, here all the rich people of China live! Those who keep the industry running, there is no lock-down here, corona here has no effect…! * Why ...? *

� Is corona a pandemic virus, which has been told that you have to create panic all over the world, but you will not come to Beijing and Shanghai, it is very important to ask China the question that when the biggest developed countries of the world Could not stop Corona! Corona created terror in big cities of the world, so why did not this conflict reach Beijing…? ; Why not reach Shanghai ...? * Why ...? *

� Beijing and Shanghai are the areas adjacent to Wuhan! The virus from Wuhan reached every corner of the world, but this virus did not reach Beijing and Shanghai…! * Why ...? *

� Today, the whole of India and 130 crore Indians may be locked-down! Our economy is coming to a standstill, but all major cities of China are open and now and from April 8, China is also opening Wuhan! The whole world is stricken with terror! Now new cases are not coming in China and China is open…! * Why ...? *

� Another big thing is that the stock market around the world has fallen by almost half! Nifty has gone from 12 thousand to 7 thousand in India too! But China's share - market was at 3 thousand which is only at 2700! There is no effect of this virus on the Chinese market as well…! * Why ...? *

Whatever these things are, they only point to one thing that the corona is a bio-chemical weapon of China, which China has left for destruction in the world! After getting some people killed, China has now controlled this virus! Perhaps he also has medicine, which he is not sharing with the world!

*Why…?*

I truely pity China if This is their attempt at Biological warfare, You are fighting the people that gave the first principles of the weapons they are using..............Japan tried ruining the US during the second world war concentrating their efforts @ Microwave weapons until US dropped the first Atomic Bomb on Nagasaki and Hiroshima.......... I really pity China If This is an attempt at Biological warfare, They will never know what hit them If True Italian and German Bloods look into their matter

TLAX:
http://www.nse.com.ng/Financial_NewsDocs/29531_INTERNATIONAL_BREWERIES_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

If you are not here yet, why go in?

But note...my take is that this is a distressed stock of an otherwise "good company" that got its funding structure and marketing strategy wrong. It still has a strong product portfolio and k believe the new management will pay a lot of attention on the value segment of the market where it appears to be thumping NB.

After the rights issue which i understand was mostly taken up by the parent company, i truly expect this company to delist within 18 months. However, these are just my thoughts and time will tell.

The result is truely an accounting Gimmick, Sir lets dissect this IB, Its on my radar, I don't want to believe they will quickly delist as it wont be as easy to import money into the company were it not listed on the exchange through the rights issue....... What would be a good price to key into this stock

LokosoUK:
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

my brother, the most important thing right now is life.....lets pray we come out of corona unscampered..........im so happy right now im in the village, im surrounded by food and fuel......sucking sheri mango as i speak to you with the smell of roasted corn coming from firewood fire boiling esuru for tomorrow...............

Where there is a will there is a way.............. no one really cares about the money but what it can buy...

yom2:
. Please is the NSE included? I have no cash reserve o

I meant physical markets,problem is d average Nigerian is a daily earner and their perspective of corona is different from those in power

HallaDaTruth:
A certain global investment company have been trading peoples money and paying them dividend monthly for years. The way it works is that the trader takes 10% of whatever interest is generated monthly while either giving 90% pay out to the investor or reinvesting it depending on the choice of the client. But you people on nairaland always see a legit business and call it scam, yet when businesses like mmm came most people fell for it. We keep suspecting God but trusting satan wholeheartedly. The beauty of this business is that i don't need to invite anyone to make a dime from it. I have taken down all my ads here. You can't help Nigerians cos they always throw your opportunity back at your face. Na only alert pictures i go dey post soon. Your comment is the last straw, I now have a billion reasons why i can never show Nigerians the way to the top. No wonder when celebrities climb up they look down on people. If you were a professional like you claimed, they first thing you should have asked is how does it work, rather than commenting " See them", "Na dem", "They don come again ". I weep for this country. I am sorry i advertised here. Na my mistake be that. Biko don't be offended

My friend keep quiet and take correction..........my problem with people of great oratory that preach freedom is that they end up enslaving the freed subject.........Its only the uninitiated that will buy this hullabaloo, we have paid fees..........We have seen alerts............. Please use your language to free people.....


Personally there are people on this platform who if they request to trade on my behalf , I would hover half of my account to online without meeting them in person, and they never chest beat or make noise........




Advice to newbies: Words can't explain two things in the world;
1.)What it feels like to loose a hugh sum of money
2.)What sex feels like to a virgin.

I now think this covid-19 is a big chess game to destabilize many countries especially those seriously affiliated with China.........The recent pronouncement by the fg to lock down all markets nationwide from tomorrow sounds like receipe for destabilization if it goes on for just a week.......and I believe the government can't hold out...........

Who ever crafted this covid-19 script is damn good........... Let's wait and truely see how Africa comes out of this

JaySterling:
Your response is very correct, because when I googled, I saw a very similar response

the tv has the capability of powering hard drives and modems ......The manufacturer is probably right as u might plug in devices to ur tv

Chibuking81:
Imaging the number of share one can acquire with Zenith at #5, UBA @ #2, GBT @ #8 Fidelity @ 80 kobo, FCMB @ 70 kobo.

Jim is buying back his bank secretly, Tony doing same, Agbaje also and the oloroguns...............to sell back to us in stability............. I use this opportunity to bless us all nsempa with good health this period to still keep talking the stocks to buy..,,,,,we will all make it ijn






Amen

OakPearl:
Once upon a time, we wished and salivated at the prospect of having premium stocks like Zenith and GTB and many more at subs N16 and N19 respectively.

Now by divine providence, it has been placed on our lap according to our wishes and we are scared to buy.

When do we then want to make this money even?

The Chinese Government recently cancelled a deal of someone that wanted to buy out a whole company @ this period in time...................... those that understand value are keying in..................I believe its only daily stock traders, speculators and those in ill health now that are afraid of the current market dynamics

Mcy56:
Peter, what do you think about transcorp at currentprice, 60k?

better deals out there, Hotel business will not do well this year due to covid 19, and the government has things to battle other than power problems this year......................I see transcorp going down below 50k.........My opinoin sha

onegentleguy:
FRIESLANDCAMPINA WAMCO set to acquire Nutricima(an arm of PZ) as the company seeks to divest from its dairy business and polish personal care brand, Luksja.

https://www.dairyreporter.com/Article/2020/03/19/FrieslandCampina-WAMCO-set-to-buy-Nutricima?utm_source=copyright&utm_medium=OnSite&utm_campaign=copyright

PZ Nig following in the footsteps of UACN.
...watch that space !! Already mentioned it when the coy was trading @ circa N3.50(see article above)

Selah

Fingers crossed, we will keenly watch this space