awesomeJ:
Guys, check out my new way of doing FA using Meta AI inside WhatsApp.

The bot is super accurate:

Meta AI works with real time data? Wahala

Zegra:


https://www.vanguardngr.com/2021/02/updated-fg-to-sell-oil-in-naira-to-15bn-dangote-refinery/

This was before rubber hit road

Please do you know any details of how dangote is going to sell his refined products?

I'm particularly interested in what currency he is selling in

locodemy:


Agba don ask before say second half year results dey work?
Fbn, Transcorp, MRS, NAHCo etc dem have good results.
Na to take eyes know which stocks to position now before any rally sha.Maybe towards end of Q3 rally go show again.

If people notice this and act accordingly then.....

ebuka1997:
If FCMB no go on correct full bid with this result, e go pain me. I've been on this FCMB bus since, it needs to be a medium term stock like Fidelity

I'm on this bus but I don't want a rally just yet because I need to increase my position significantly.

Did they announce interim dividend?

jarkbauer:
It’s unfair to shareholders who bought oando shares at very high price for oando to go private by now oando will selling at very high price.

Fair and Nigeria don't go in the same sentence

yMcy56:
UNITY: @1.78! Full bid
JAPAUL @1.22! Full bid
CHAMS @1.27! Full bid
JAIZ @1.98! Full bid
TRANSCORP @4.54! Full bid
FTN COCOA @3.50! Full bid
NASCON @25.15! Full bid
CHI PLC @1.41!
MRS @1.08!
GT @37!
ZEE @36.40!
FCMB @7.30!
FIDELITY @9.60!


MRS now @109.45!!
Hope for ETERNA...

I would be weary of petroleum downstream stocks. Deregulation means reduced demand for product and storage.

thesilentone:
Please can folks on here inform us when their uber drivers, market women start to talk to them about NGX.

That information is going to be critical.

Thanks

Calm down. This bull market is just beginning

9free:

For Oga nosa2 to leave farm work and enter market today, this current Burundi bull will be in the market longer than we expected.

I've been on NSE for a few months now. I don chop 60% on access already.

MrDiligence:


Please sir, kindly give examples of such businesses. Thank you in advance

Look at fcmb. Forward PE is currently less than 1. Even at N30 is still cheap and it's currently N5.3

yMcy56:

This bull is from Burundi !!
The more people were/are taking profits, the more it's vexing.....

People who moved to usd few years ago are moving back

emmanuelewumi:



But actually Total is cheap at N300. It has an outstanding shares of 340 million.

At N300 it will have a market capitalization about N102 billion.


Total Energy had Earnings Before Interest Taxes, Amortization and Depreciation of N37 billion in 2022.


The EBITDA/Market capitalization yield is about 36%.


EBIT/ Enterprise value yield of over 70%.



NB, these are all based on 2022 results ooo and using N300 as the market price.



I have sent a mail to the management to do a stock split of 2 for 1, so that that the outstanding shares will increase from 340 million to about 1 billion, so as to enhance liquidity and availability of the stock on the floor of the exchange

Interesting. Duely noted. Thanks

Mpeace:
E fit red tomorrow oh. Nigerian international bonds didnt do well today, reacting to the Sack of the governor of the CBN.

But NSE sha get mind of him own

I hope it is red today. just placed my orders

Ades1:


Here we go again with dollar dollar talk.

Anyways, to achieve $140k in annual dividends in the next 8 years, you'll need to invest at least $2,000,000 after all the multiple fees

Right now Naira investments are so bad they're good. So for say like the next 5 years NSE is the place to be. BUT for retirement it is foolish to tie your future to the Nigerian madness

Streetinvestor2:
Just thinking and cracking my brain on how to achieve 100 million annual dividend in the next 8 years so I can retire from daily hustling.

I advise you work towards doing this in USD. Planning a retirement using Naira investments is uber risky

RabbiDoracle:


30% of the principal will be lost forever. This was communicated by the Ghanaian Finance minister as at last year.

If you check the zenith bond investment value in Ghanaian govt securities, it was N202B or thereabout and the impairments on that bond was 58.6B or so. This is approximately 30%.

See an excerpt from it:

ACCRA, Nov 24 (Reuters) - Ghana's government is considering a 30% 'haircut' on foreign bonds, and the suspension of interest rate payments to domestic bondholders in 2023 as part of debt restructuring efforts, deputy finance minister John Kumah said on private radio station JoyFM on Thursday.

The full details of the debt exchange program will be announced by the end of November, he said, noting that there would be no haircut for domestic bonds.

"The foreign will take haircut, that is where the haircut comes in. There, we are negotiating to go into their principal, plus suspension of their interest at NPV (net present value) level. We are negotiating on principal of up to 30%," Kumah said.

He added that restructuring would enable the government to conclude a support deal with the IMF, and "build buffers" to be able to repay bondholders once it emerges from the crisis in a couple of years."

I intend to start investing in sovereign bonds. Are you knowledgeable about them? Would like to have someone I can pick their brains from time to time

onegentleguy:


The concern around ZENITH BANK' impairment would've been stronger if there were added strain on the banks L&A print, considering how average inflation and benchmark interest rate (particularly in H2, 2022) exacerbated overall CoR and CoF.
Thankfully, that wasn't the case.

The breakdown shows that the group had an approx 144.6% jump in impairment charge on other financial asset and a 1,996.3% surge on that from investment securities.

A core part of that 1,996.3% increase in the latter (impairment charge on InvSec) was the N58.8B booked loss from securities (bonds) issued by the Govt of Ghana... though not a material proportion of overall investment security peg, that impact was more than enough to drive the Ghana subsidiary to a negative NPM despite higher operating income.

Apparently the impact from the sovereign debt crises in Ghana was definitive. Impairment charge was 98% of the total figure the group booked in 2021 and near 47.7% of that in 2022.
...and because Ghana is the groups 2nd biggest earnings contributor in Africa after Nigeria, that impact stoked a drop in overall YoY PAT margin by 41%.
Though it's important to state that there were other contributors to the squeeze in margin.

That said, I expect that actual impairment figures could be lower in the course of time (I foresee some writebacks) considering how the group has successfully exchanged a core of the impaired asset in Ghana for a series of new ones with maturity dates spanning through a 12 yr period.

Overall, the banks performance was a mixed one for me.
Did well in some core banking aspects but underperformed in some others.

The 3.23% improvement in total payout from previous yr guide (ref: N3.2 vs N3.1 in 2021) could be management's deliberate strategy to calm any expected sell off that may have otherwise built-in from the drop in NPM.
Might also be a way of telling us that the banks growth trajectory could be sustained in 2023. (Q1, 2023 Nos will give us a clue though)

On the share price, I think that dividend hunters (div growth investors) might want to hold... perhaps until post ex-dividend.
I expect a drop in price thereafter.
Again, I think Q1 and possibly H1, 2023 Nos will to a large extent determine the share price movement.

We'll see how the mkt react to their report.

With regards to the Ghana bond investments, are the funds lost forever or does the restructuring simply mean investors will get their funds back eventually?

thesilentone:
ACCESS: if you still cannot see what is going on, oh well

https://doclib.ngxgroup.com/Financial_NewsDocs/239_NOTIFICATION_OF_SHARE_DEALING_BY_INSIDERS-TENGEN_HOLDINGS_MAURITIUS_LTD.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/239_NOTIFICATION_OF_INSIDER_DEALING-TENGEN_HOLDINGS_MAURITIUS_LTD.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/239_NOTIFICATION_OF_SHARE_DEALING_BY_INSIDERS.pdf

We are seeing

Justcul:


UBA is more attractive based on dividend yield for me.

Please note: I am also invested in Access

Please what is their (Access and UBA's) Div yield

BullBearMkt:

...good decision. Between 7.50 - 8.0 Naira remains buying level

Thanks. Are any other companies worth looking at?

Godisfaithful:
E ku market ooooo. I hope everyone is making money in this environment?

Anyway, $1 is still N735/N740 (In Naira)

On our way to N900/N1,000 soon

God bless Nigeria!

I'm moving back to the Nigerian market. The recent discovery of the illegal pipelines and the upcoming elections is making me super bullish on Nigeria.

Anyway, what are the house's thoughts on Access bank? price seems very cheap. I've been buying for a few weeks now. I intend to keep on buying at this range

nigmarelli:


Greetings Sire. I no understand wetin you mean here o?

how much do you want to sell?

nigmarelli:

Good afternoon and happy Sunday to you Boss. Hope you and your peeps are doing great? You can contact me on whatsapp. 08081579796. How much are you offering Boss?

My brother wan you wan sell market.

nigmarelli:
GREETINGS GUYS. HOPE THE WEEK IS GOING GREAT. ANYONE WHO NEEDS THIS: XBOX SERIES X/S SEAGATE 1TB STORAGE SHOULD MAKE ME AN OFFER HAVE ONE SPARE LYING AROUND I WANT TO SELL OFF. IT'S 270.75 DOLLARS ABROAD SO YOU GUYS DO THE MATHS.

I'm interested

I need this as well

Optimistic4life:


This is the only reasonable thing your brain could come up with after reading my post?

It is well with you, Nosa

Na that one come my head

Optimistic4life:
Year 2021 February to be precise, my husband served me a divorce notice. Though I saw it coming as we have been separated for some months.
The case is still in court though.

We are blessed with 3 kids under 10.

Soon the divorce will be finalized and we will both move on.

How easy is it adjusting to a new life as a divorced lady?

I just want to let it out as I have never discussed this with anyone. Just my immediate family members knows about it.

What is life like out there for me?

The shame, mockery, coping with kids alone, moving on etc

Your Kpekus is about to get a whole lot of firing

the land has been rented out

lavylilly:
Why?

I expected what happened to Nigeria and the Naira to happen. It was obvious to me since 2012.

arduino:

Hope my eyes are not deceiving me oohh.
Great farmer Nosa2 is back!!!

My brother/sister I run leave Naira investments oh.

Leezah:
Even when buying and selling?

Yes

blueheart:


I'm not so sure about the tiny deductions. Hope you are aware that 30% is deducted on every dividend payment. Other than this, I haven't noticed any thing wrong about my buying power. For me, they are the best in terms of service delivery, the UI keeps getting better and the recent way of adding fresh stocks and recently listed IPO/shares is just awesome.

30% deduction on dividends could be tax