₦airaland Forum

aliondo:
You have a point....but in all...kyrie's absence might not be felt much , if it will be felt sef..we watch to see...

The guy didn't achieve anything in Boston so missing him is out of it. What Boston needed to do was to get him a superstar but they failed in landing AD.

aliondo:
Kemba is solid bro....nice one..

No doubt, but this is a case of the available becoming the desirable.

TheCockroach:
Fvck balance! who needs that when you can win five in a row? LOOOL! You will all beg for mercy!

Kawhi's move is partly dependent on what KD does. Now that he's decided to have sense, the odds of Kawhi joining the Lakers has materially diminished.

Win 5 in a row by teaming up and you'll never be considered a great as the real 23, he led the bull without forming a gang with top players.

If you'll be frequenting the Barclay's center next season raise your hands.

WHo else thinks the Knicks don't know what they are doing? Everyone is taking advantage of the available players yet the biggest franchise with over $70m cap space seems not to be attracting anyone, losing Zion, failing to land Kyrie and KD.

KD has decided to be a man of his own. With this move, I don't see Khawi joining the lakers, as I have always maintained, a balanced league is all we want.

steady986:
Lol, we're doing this so we can be able to challenge the Warriors. If the Warriors stay like this, they're still the best team in the league. Or you want them to win four of the next five titles?

I know, that is why I expect that coward to leave the warriors and go sign with another team after tomorrow. The league will be less exciting if things continue this way. Regardless of who the Lakers get, I don't think the warriors can stand them in any way. Bron and AD will beat Steph, Klay, and KD always - regular season and playoffs.

Coutinho14:
Kawhi to Lakers might just happen, Lebron haters about to go into witness protection coz we about to kill y'all mfs

We are talking of a balanced league, you guys are talking be afraid. The whole world called KD's move to the warriors the weakest move in the history of the game and now ya all want the 3 of the top 5 players in the world on one roster.

Here's my take, KD should leave the warriors, Kawhi can go anywhere except the warriors, the lakers, and any team that signs KD. The way it is going, the east might not win any ring in the next ten years. Any player that is strong should stay on a team and prove it, not teaming up to get a ring.

Jejebabaa:
Oga 333, if there is no risk of devaluation, na dere i go port go. 19.5% is very juicy to be ignored.

There are no free lunches in the financial markets. How can there not be risk of exchange rate volatility? Those yield are rewards for risks, so higher yields comes with higher risks. There is however value if you can speculate the future direction of exchange rates and then trade in line with your expectation.

See the first two snapshots below. The first is the performance of the cedi against the dollar while the second is the performance of the naira against the dollar. Both currencies lost ground against the dollar in the last 5 years but the naira lost more, the third snapshot proves this point - you need less cedi today to get a naira compared to 5 years ago. If you had invested in Ghana 5 years ago you would have earned those yield plus exchange rate gain, by now, you would have l owo bi Adnuga.

I do not expect going to Ghana now to be a good bet because I think the naira would strengthen in the next 36 months. Aliko has started producing fertilizer and refining of petroleum products will start soon, max next year. Even if he doesn’t export to earn FX, our demand for FX will be down by about 33%(not sure of this figure and can confirm atm) as that is what the cbn uses to fund fuel imports.

For me, any bet against naira assets with a horizon of 36+ months will not payoff.

You people should stop masturbating over what is not. How can one rely on that garbage report from Nairametrics and conclude that that exchange rates will go up, this is a clear case of confirmation bias.

If the CBN should float the exchange rate in any shape or form, then they are trying to make quick money to cover the hole in their books. Nigeria is not where things work as it should - the factors that determine the exchange rate are beyond economics, and Emefiele, who is clearly not in charge, does not have the balls to float the naira.

You guys seem to forget that the country itself has about $25bn fx loan. Your authorities were in Newyork earlier this year to market to speak with investors on the diaspora/euro bond, what commitment do you think they'll require of the CBN? A volatile exchange rate?

There are over 4,000 BDCs in Nigeria, float the exchange rate, increase their risk of doing business, and you think they'll keep quiet? Never, not now that they are in power.

This Toronto's run would have stopped at the EC final if Bron was still in Cleaveland.

They should thank their stars he went to LA.

What we have here is Nairaland NBA Sportcentre

Can someone tell Curry and Green to stop complaining about injuries?

They got their first ring in 2015 because Bron's firepower was depleted by injuries.

AmazonTopaz:
I am writing this based on some of the comments I read on this forum by males as regards female issues.

The African society focuses on training females more than males. They teach girls how to be good wives and mothers and they forget to train our boys on how to be good husbands and fathers.


I believe the average Nigerian man (some) are insecure, have low self esteem and lack self confidence hence why they derive pleasure in insulting women. Sometimes I wonder who raised these boys that they believe their manhood is validated by a woman subjecting herself to him and allowing him be the alpha and omega of her life. That is why a lot of them are obsessed with the word "submission", "captain" and "head of the house title".

A man with confidence, high self esteem would not be obsessed in wanting to control a full grown woman in 2019 who basically has the same rights as he does.
It is insecurity, lack of self esteem and self confidence that makes a man feel intimidated by a sucessful and independent woman.It is due to lack of self esteem that they want to feel on top or over a woman.
They believe their gender or sex makes them lord over every woman. They are obsessed with authority, power and do not know how to be leaders.

They feel it is okay to slut shame sucessful women call ladies despicable names and you wonder if these men have sisters or mothers.

They feel it is okay to lord over a full grown adult and that such adult(women) cannot be a partner but a subordinate.

I believe some of these men raised in Nigeria have personal issues that they need to deal with on their own before bringing an unfortunate woman to share in such misery and clean up their mess.

I blame society's double standard that fails to hold men accountable as much as women are held accountable maybe then this self entitlement mentality, the view of women as commodities and superiority complex would be a thing of the past. Our men need exposure and enlightenment. I hope we raise better boys to become good men in the future and not just women alone.

This one na mumu post o. Look at what the wanna be op has on his profile.

Of all the problems you have in Nigeria, so this is the only one you can focus on. Mumu, some things are beyond your African mentality. How can you be using self esteem when you are in Nigeria, a country where everything defies logic and common sense. Look at what the mumu has on his profile below.

Mumu, when you are done, go and read about the wage disparity in the NBA and WNBA, between male and female tennis players, and all other professional sports.

When you are Nigeria, you should not be talking about self-esteem when your leaders are robbing you black and blue and there is no end in sight. Think about how to hold the government accountable in providing primary health care to reduce child and maternal mortality rates. The one Bill gates sunk close to $2bn without result. Nigeria is the fourth worst place to give birth on earth, 1 mother in every 100 dies during childbirth, go write about how to curb that. 1 in every 10 children die at birth, even war-torn Sudan has a better child mortality rate.

Those are what you should focus on, and while at it, think about the imminent population implosion, you people will be 400 million in 2050.

tritritri:
Are you still in flourmill or out ? thinkin of getting sum but decide to wait for result FY

Zero market exposure, Mpeace told me to be vigilant then, and I no dull. Next entry period is October November for FY result expectation rally.

Coolcash1:
Abi werey ni bobo Wale yi ni.

Abeg EFCC should go and pick him and his gang on Monday....

The guy knows he has been marking time. His wahala got worse when he couldn't use his connections to get Gwarzo to budge. Every noise now is just the last kicks of a dying horse.

Mpeace:
I see NSE delisting Oando, not suspension.

Who is NSE? Oga, you don't have regulators here so no go there.

As things stand, it is Oando that will delist NSE. No one is delisting any company.

Jejebabaa:
Myself inclusive having bought it at 97.50 in 2004 Public offer.

Why didn't you sell when it rallied to 280+ in 2008. Or did you sell before then?

locodemy:
The suspension alone will take a whole year.For them to stand as a company on the absence of Wale,there will be a total clean up which will last for one or two years.They will now talk of fund raising which will lead them to reconstruct their existing shares.Chai.......This one is a very looooooooooooong thing oooooooooo.

There is no suspension that is going to last two years. I don't know if the fortunes of the company will change, but I know that the share price will not suffer, any negative reaction will be fleeting.

The exit of Wale will pave the way for the Volpi and Mangal to take charge. Even though Volpi's interest is indirect, the initial plan was to take over the company before that small girl ruined herself thinking she was doing Gwarzo. I am not sure what the free float is but I guess it is around 30%, that would not pose a challenge when it is time to increase their stake from the market.

RabbiDoracle:
I corrected you but you did "I too know". So I left you na. Una eyes don dey clear one by one.

No mind them, they entered before thinking of what they are buying. Among the reasons folks are buying are FOMO and halo effect, even at that, sentiments and wishful thinking don't push prices up, real money does. Most of the FPIs in our market come through or have some connection with the SA market, yet folks believe those FPIs will leave MTN SA and come and buy MTNN. Some even said PFAs will buy, really, PFAs buy MTNN?

The stellar 2018 profit of 145.69 billion yielded and EPS of 357.87 using the issued shares of 407,090,263 units. With the present outstanding shares of 20,354,513,050 units, the 145.69 billion profit will only yield an EPS of 7.16. Meanwhile, Dangcem that is trading around 200 has a FYE 2018 EPS of 22.83, its EPS is 3.2 times that of MTN meaning it should be trading around 435. Using the same logic, Zenith's EPS of 6.15 is 86% that of MTNN so it should be trading at 0.86*136.50 = 117.25.

Bottom line is, just as 435 and 117 looks unreal for Dangcem and Zenith, so is the current price of MTNN. While many other factors determine where stock prices trade, a methodical investor will not touch MTNN at this price.

chillykelly86:
https://punchng.com/n330bn-fine-mtn-has-till-may-31-to-pay-n55bn-balance-says-ncc/

It says somewhere in the article that they paid #55b on March 31; that naturally is in Q1. I don't know beyond that.

Oga, carry all these your misguided statements on MTN from here. The people here know what they are doing and taking decision based on deceitful comments is not one of them.

Who relies on a newspaper publication over the financials of a company? You started with EBITDA, you were corrected, went to profit, you were corrected again.

Please MTN is available, we don't want, opportunity for you to mop up. Go and buy 10% like oga dumex so you can get 36 billion naira dividend when they make 400 billion and since they pay out 80%.

I was trying to trace the English FA cup final score on flashscore, I expected it to be on top or close to the top since E is the fifth alphabet but was surprised when I kept scrolling down and it took longer than I expected to get to it. I was curious to know the countries that made the list so long and discovered Czech had the most matches.

Further analysis revealed that about 120 matches were played across over 30 divisions today alone. I am not sure if today is their last match day across all the leagues but that number speaks to how other countries are organized and are serious about everything they do. That is a country of about 10 million people. If you ask me to name two players from that country I'll disappoint you, I only know Peter Czech.

Despite their efforts, they've not been to the Euro or the world cup in recent times. The trust of my write up is Nigeria cannot continue doing things the current way and expect to achieve international glory. The unfortunate thing is that things will not change. Gone are those days when things happen by chance in football, the 1996 Olympics medal is the only thing we can boast of in a century, that is even if things change. The only reason we even qualify for those events is that we are from Africa where the competition is low. So fellow countrymen, keep your expectations low when we go for the world cup or the Olympics.

PETERiCHY:
Cecelia ibru rightnow

Mr. Peter, I think what SLS did an excellent job with the banks then, irrespective of what has befallen him and his kingdom today, what he did then was expedient. If not for him, we'll not have anything called an economy or stock market today.

On the rebuttal by the CBN, no matter how they sugarcoat it, there is something amiss. The lines of the defense do not match the content of the conversation. The matter is beyond loan classification by the external auditors.

Mcy56:
Oga, never say never. With God all things are possible.

Aunty, this is not the case of saying with God. With all the God you people have been shouting in Nigeria, it is still among the top 5 worst places to give birth. Do you know how the stockbroking business run?

CSL is the child of FCMB and has other companies in the holding structure, the same goes for FBN Quest and Stanbic.

Stanbic has over 2 trillion of the 8 trillion naira pension assets, they have the contacts of all the CIOs of the other PFAs they are the stockbrokers to the FG, and the list goes on. Other stockbroking firms have a similar support structure and this is what some have built for about 20 years.

Where does Morgan want to start? Even if they have the resources to start buying PFAs and other financial institutions, they are not available. You need 2 billion to get a PFA license. No PFA is up for sale as I type. The smallest PFA by AUM was sold for about 1 bn naira, even if Morgan was called upon to buy it, where will they get 1 bn from.

Morgan was built to use low cost to drive high volume, and the current governors have failed to attract volumes because they don't even understand the vision of the founder. Outside this thread, where have you heard of Morgan in the industry?

Chibuking81:
We like Morgan capital and want them to survive they way we are surviving, personally am not against their increase, but it must not be 100% increment in their 25% commission, but at least 50% will be ok. Hope they will stop charging #2,500 annual service charge ?
How I wish that by next year they will be no.1 in the Nigeria stockbroking rating.

Morgan cannot be number 1 next year and I don't see them ever becoming number 1. With the way they are going, things can only go south.

Agbalowomeri:
Guy you be elder here, respect yourself and stop posting all these political stuffs here

He he, you sef don join. The thing is, Peter and Chibuike are known to have a pattern and no one sees their comment here as a deviation from what they normally post even when mixed with political opinion. The election season will come and go and they'll continue with the themes that prevail at any point in time.

The problem, however, is when you take offense at the posts because you are one these minions paid to oppose any view that is contrary to your paymasters'. The reason why everyone left here was that this place has been infected with the Nigerian virus. If check the pattern of wanajo's posts, there was a time that it shows that he responds to all queries or contributes after close of business everyday. What it means is that, after every day's work, he take the pain to share his knowledge here.

When last did you see Emmanuel here, do you how many times he has been ridiculed here for his call on Wapco? Who dey see Mercy here again, where is passwelle, and the list goes on.

Because some people shared their father's inheritance and some surviving on Mpower's money they think they can attack whoever and run this place down.

Well done to all those still keeping this place going.

PythonDancer:
Please inform us of that “elsewhere”.
We wey go follow you plenty

Personal relationship bro.

But if you are doing 100m turnover per annum, you can approach many houses for a concession and you should pull off a .50%. There, you can build relationships that could translate to getting same day withdrawal without penalty, placing your order by calling when there is crisis or a glitch and so forth.

Yayira:

Morgan people are here !
They read all what we discussed yesterday!
Ajeeeeeeee!
Be careful what you post here, you don’t know who is who.. Let me try and decode the “Judas” among us lolz brb

Maybe.

My own issue is that I cannot be paying you .50% and be doing transaction with you through Polaris. The other thing is that, everyone in Morgan is an employee, so there is no personal relationship with clients.

A round trip trade that costs 1.55% before is now 2.05%, never. Why I use them is to hide my dealings from friends, now I will move and still get that 0.25% elsewhere.

jideflash:
saw this coming. its was customer acquisition strategy, time for them to markup

Flesh and blood did not reveal this to you.

Plus the fact that the brain behind the low commission is late. You see why we can't build businesses that outlive the owners in this part of the world. The day Aliko passes, all his businesses will start looking down. I am just imagining how the refinery at Lekki will become moribund upon his passing.

Fxwarrior:
Should forex be treated as a bet? Is it not better to trade trending pairs using daily candlestick formations than betting.

All trades are bets sir. You're betting on either a rise or a fall. His mention of sports betting is more related to my risk disposition than treating forex as sports betting

Karleb:
You are a wise man.

You seem to me like an individual who has tried his hands on sport betting. I was even thinking of something the other day: placing a simultaneous buy and sell signal on a pair few minutes to a high impact new, of course with an amount you are willing to 'throway' using high lots.

Maybe I'll try it someday.

In options trading, the trade you described above is called a straddle. In that case, you hope that the profits on one leg of the trade would be more than the premium paid in buying the option. It is done when you expect high volatility as this.

There is no point doing that here because you'll be set back by the bid/ask spread.

I am moving my funds after elections. These ones cannot come and be playing with me like that. I cannot be using Polaris and you expect me to pay .50%

Morgan is still referencing 1.35% while the reality is commisions are now negotiable. All PFA trades are done at .20% and most FP trades are also done at the .20% level. So, transaction costs are on the downward trajectory, you cannot raise people's expectation and later dash it, it will be looked upon as a disappointment even when the new rate is still below what most firms charge for trades.

This their writeup is slow sha, you appear on top ten because of the low commission. Since you've decided to increase your commission by 100%, your volume and value of trades will also drop.

INCREASE IN COMMISSION CHARGE ON STOCKBROKING TRANSACTION
We would like to first and foremost thank you for your patronage over the years; we are pleased to have been in business with you since the past 5 years, overcoming hurdles and challenges together in unison. We are optimistic that the best is yet to come out of this mutually beneficial relationship.

As you may be aware, MorganCapital Securities Limited has over the years remained active and featured among the Nigerian Stock Exchange (NSE) weekly top ten stockbrokers’ list; and in the spirit of giving back to the industry has charged the lowest commission in the entire stockbroking space not minding the ever-growing hurdles and challenges associated with expenses and operational cost. We had at inception introduced our unique commission of 0.25% contrary to what was obtainable in the market and this has remained so up until now despite the disproportionate rise in service expenses.

In order to ensure we continue to provide the exceptional services you have enjoyed over the years, we’ll be increasing our stockbroking commission charge on all clients’ transaction to 0.50%, effective, 1st February 2019. This clearly remains a deep discount from 1.35% charged by other stockbroking firms. We have also concluded plans to offer additional value-added services which centers around advanced research analyses which will most likely increase the chances of profitable trading while the algorithm trading features will be implemented within the year.


As you are aware, we have never compromised the quality of our services even in the hardest of times and we will endeavor to ensure this standard is not only maintained but continuously improved on.

 We once again thank you for your understanding and your continued patronage.

Regards,

ADEYEMI OLUMUYIWA

Managing Director/CEO

MorganCapital Group

Karleb:
Seriously!

Why don't you get out of the position and re-enter after the news?

Is the risk worth taking?

Nope, it is a bet I have placed already. If it wins, fine, else I will cry and wait for another trade.

HFs place their bets before the Citrus numbers are released by the USDA. If it wins, you're happy, else you get your ass whipped big time.