₦airaland Forum

The yield on Zenith Bank from your graph seems to have been on a decline since 2015, does that mean the price of the share has been rising because I know the dividends has been on ascendancy for a while?

Geovanni412:
The charts only show changes in share price and not dividend being paid out

If you want to compare dividends being paid out, you can check out this two website and search for the relevant companies:
https://www.morningstar.com/stocks/xnsa/zenith/dividends
https://simplywall.st/stocks/ng/food-beverage-tobacco/ngse-intbrew/international-breweries-shares/management

I think you'll find all you need as a fundamental analyst in the websites or on tradingview.com.

Both are free to use.

I used to use my 2.4kva homaya to pump water during the day when the sun is up. Not sure now about the power rating of the pump but it was a surface pump.

adrusa:
Irrespective of the amount of battery you have, a 1.5hp submersible pump will shut down your 3.5Kva inverter. I dare anyone to try this and report back to the house. I have tried with a 3KW HF inverter before and it promptly shuts down. The pump initial power surge can get to almost 5kW. A good transformer (LF) based inverter may try, but I will like to see a report.

Nice. Add osidima too, he is good with data analytics

thesilentone:
Welcome to this thread where we talk about all things Commodities - What they are, How to trade them, Why we should trade them, When to trade them.
I have searched Nairaland for information on this topic and this is the very first one. So let us make it count.

Many folks know a lot about equities, fixed-income instruments, bonds even foreign instruments like Options but not a lot of information is readily available about trading Commodities as investors/traders in the Nigerian space.
That is what we will aim to do with this thread.

Invite your Macro economic gurus over - we will need them.

@ojesymsym
@rabbidoracle
@emmanuelewumi
@ymcy56

You are definitely on the right path and already ahead of many of your peers or age mates.

Saviourplease:
Thanks to all the contributors here.

In 2020, I stumbled upon this thread shortly after my NYSC

Even though I don't consider myself a finance expert, the information shared here has enabled me 'invest right'.

Well done guys!!!

Where or how do you register on AFEX? Does that mean there will be no need to now use Morgan if one registers on AFEX?

thesilentone:
I just registered

Is it a bad idea?

BullBearMkt:
...any African market for commodities that is different from the global one? MorganCapital is only partnering with another broker, AFEX, that deals with commodities. lol!

Trading platform accessibility, multiple commissions are what you can only get!

Yes, a thread like that will really be helpful

thesilentone:
I checked to see if there was any thread on Nairaland for commodities trading, couldn't find any.

For someone who actually trades US futures, it is a good development to look at the African market.

We could start a thread - I'll join and contribute.

Morgan Capital say they want to also start commodity trading.

Sounds interesting

Abeg this your source have a replacement board for the 2.4 KVA? I have one that I have been looking at since it became faulty.

I do like the inverter, my experience with it has been good,

FEGEITOK:
I have 2 units of the exact same inverter. I have even used it to pump water though I had to turn off other appliances. Not the best use of the inverter I agree but I have had zero issues in the 2 years that I have run them.

That said do you mind sending it to Abuja so it can diagnosed and possibly repaired here?

When you said you sent them messages? Do you mind sending those messages along with the proof of purchase? Was it via the Schneider website or the reseller you bought from?

Who did you buy from?

My distributor is a big name Schneider shop.

I just put a call to them to find out if they would not mnd taking a look at the unit. They said they do not mind.

Do you have an idea what happened that caused it to go bad?

You said it is still under warranty. Do you have proof of purchase? If yes, I would like to help you take up the matter.

Will the downstream oil and gas sector be the new banking stocks if they are able to pull through with this deregulation abi na subsidy removal?

Interesting

This has to be a joke.

Never bought at the secondary market.
Mine has always been at the primary market

IYGEAL:
Many thanks for this elaborate explanation.

May I ask if you have seen this play out practically (during your course of investment)?
It is clearer from your explanation now.

Lightning arrestor and surge protective devices are all u need a good place to start.

zeestone99:
Lightning arrestor and surge protective devices are all u need

Hmmmm, who would have believed that I would also start explain the terminologies involved in bonds. This is probably one of the first times I can say I understand it.

So let me try to explain using the 2024 and 2025 bonds from my little understanding.

The maturity dates are fairly obvious.

Before talking about the coupon rate, Ask price and Yield to Maturity, we must start from the primary market as an analogy to TB.
In the primary market, Bonds are sold at a rate of 100.00 naira. So, if you want to invest 100,000.00 naira, the quantity you will be able to get will be 1,000 units.

Your interest on those 1k units will be 14.2% for the FGN Bond that matures on the 14th of March, 2024 and 13.53% for the one that will mature on the 23rd of March, 2025.

i.e, 14.2% of 100k will be 14,200 naira. This will be paid in 2 batches of 7,100 naira per annum until maturity date.

Ditto for the second one. 13.53% of 100k will be 13,5300 naira.This will be paid in 2 batches of 6,765 naira per annum until maturity date.

Now, assume you need money and do not want to wait till maturity, you can now offer to sell your bond at a profit (that is more than 100 naira per unit) or at a loss (less than 100 naira per unit). This is equivalent to buying TB from the secondary market.

So back to this example, these bonds are being offered at 107.240 and 104.490 respectively. That is the seller is asking for these prices. (Ask Price). The sellers are selling at a profit.

If you the new buyer now has 100k also to buy, you will only be able to buy 932.488 quantity of the March 2024 bond and 957.03 of the March 2025 bond. (I arrived at these values by dividing 100k by the respective ask prices)

Now, as far as the issuers in concerned. That new price is between the buyer and the seller. The price of the bonds are still going to be 100 naira in their books.

That means, the value of your bond with the issuer will be 93,488.00 naira and 95,703.00 respectively.
That means it is those respective values that the coupon rates will be applied to determine what you will be paid bi-annually.

So, the yield rate is a way of telling you what the actual interest based on the Ask Price that you are paying for the bond will be. Simply put, while the person that bought at 100 per bond unit will be enjoying an interest rate that is equal to the coupon rate, you that bought at a new Ask Price will be enjoying an interest rate that is equal to the yield rate. Note, that the yield rate is not always lower than the coupon rate.

Here 10% interest or yield rate is still fair to me.

Please note, I am not a financial expert and this explanation is based on my own small understanding of the subject that was initially very confusing to me at some stage in my life. I will also accept any correction from a more knowledgeable person in good faith.

IYGEAL:
Good evening fellow investors,

Please I would like to be taught, like a high school student, what these figures, percentages and names mean in practical terms.

Maybe I have been misinterpreting them. I have read the literal meanings online but I want practical examples as regards our local market. For instance, there is a huge disparity in figures between the 2024 and 2025 bonds here in terms of ASK PRICE and YIELD TO MATURITY.

Interesting

They look like an unserious registrar. I have GTB shares bought from Morgan for which I have been receiving my dividends, now I have some more shares from Stanbic Brokers and it looks like they did not update their system and only paid dividends for only the old stock.

I do not know if one is supposed to be filling mandate form for each stock brokering house.

Mfunkynation:
please who knows someone at datamax registrar that I can call.
I have call all the customer care numbers but none is been answered.
Sent mails but none has been reply.
I need my dividends!
please please please please!

Yes, this looks like it.
They are looking more expensive than batteries though on Alibaba, perhaps I am seeing those already stacked with batteries.

Modified
On boy, they are empty o and already costing over $600 just for case only.E b like say I go pass.

Justice629:
I didn’t get enclosures, I stacked mine in a battery rack.
If the attached pix is what you are looking for, it's also called power wall

What kind of enclosure did you guys also get?
Do they have the wall hung ones, like the one Fidelity uses?

I don't know what keyword to use to search for that type of battery enclosure, I am not getting the required results. The one one seller showed me of iron.

Justice629:
I bought from Docan and i got my refund via paypal for the Selina transaction

isangjohnson:
If at all you're buying from Selina Li, don't allow her to handle your shipping else you'll pay twice and that's if you'll be lucky to see your cells.
Most of us that paid her for the shipping are yet to get refund.

I think you understate it when you say overrated.
Like you said, that is what many of us were brought up to know.

emmanuelewumi:
If you know, you know.


Rental income is overrated as a source of passive income at retirement.

Income is erratic, tenants will owe you, spend money in order to eject tenants, rental income will be used for repairs and maintenance, government will levy you when you renovate the property.

It is damn too lousy


Unfortunately that is the route known by majority of the population

Selina again?
Did you still buy from her on this order?

Justice629:
I have 45cells on transit via Zeestone99 shipping connect, employed his services after having a terrible experience with Selina shipping bruhaha.

Thanks for the info. I probably won't buy from her. I only need a shipper now, the one I use for other items says he does not ship batteries.
I'd appreciate suggestions of reliable shippers and their office location in Lagos.

isangjohnson:
If at all you're buying from Selina Li, don't allow her to handle your shipping else you'll pay twice and that's if you'll be lucky to see your cells.
Most of us that paid her for the shipping are yet to get refund.

What reliable shipper to ship lithium from China?

You have ample time. I am also in the process this year.
I started doing this last year.

Then i move the dividends again to Julius Berger.
It's a child, grand child, great grand child relationship.

Mfunkynation:
This Friday is the qualification day..
I thought about the move already ooo....
But isn't tomorrow and Friday too close for the abracadabra?

Why you non buy Fidelity before markdown, chop another dividend ontop dividend?

Mfunkynation:
That's exactly what am observing this year. Even when my Zee DIVIDEND arrive I have refuse to buy @23,24. The money dey my account waiting for opportunities

Is Otedola so trusting that he keeps falling for the tricks of Elumelu?
If this story is true then why are they still friends? Me I don't understand.

Zagee:
https://www.premiumtimesng.com/business/597539-exclusive-otedola-opens-up-on-relationship-with-elumelu-transcorp-shares.html

Same here.
That is one app or solution that is underrated.
Although I do not use their stockbroking arm but they have virtually everything. Eurobond, TB and FD.
And you see different rates and select which one you want to invest in.

SMITHY001:
Switch to i-invest. Been using it for over 4 years now and never had 1 single issue. My dividends get paid straight to my bank account steady plus they have fixed deposits (naira & USD) that offer 13% interest. They've never defaulted in payment. I wonder why people don't talk about them.

How do you guide against energy theft with your option 2 which is an option I am beginning to like in the light of failing street lights everywhere?

One way you can do this though is to get an inverter and bulbs that does not deliver conventional 220V, so that in the case of energy theft, it will be useless to the thief.

isangjohnson:
YOUR OPINION IS NEEDED PLEASE.
We're currently working on getting solar street light installations/maintenance contract from the State Government.
Two things we observed from the previous installations executed by a different company.
1. Inferior/cheap products were installed. The panels attached was not large enough to adequately charge the battery and sustain it till day break. It was even worse in the raining season/the overall weather conditions in our South South Region.
2. Lack of proper maintenance/monitoring.
We're now coming up with two proposals.
1. To install quality solar street light products with at least 2 years warranty and not all these Chinese fake products that float Nigerian markets.
2. To order for lifepo4 cells/panels/inverters and other accessories, assemble them, build sub stations in different locations and use them to power the street light at night. Everything will be taken into consideration including energy saving bulbs/the watts/the number each major street will take to be tallied up with the lifepo4 battery, inverter/panels capacity that will power them throughout the night. Daily maintenance/monitoring will be needed for this.
Please, your opinion is needed here.
Currently, the state government is powering the street lights with diesel generator which I consider to be more costly.

Why Peter Obi, why not you instead? You can ask him to hand over to you afterall, you are also a Nigerian

If you want the man to disobey the constitution, then why not just handover to his son or El Rufai?

Sometimes I wonder weda na cruise una de catch or you guys really believe the kind of things you guys put out there.

Jollyjustcome:
...
Come May 29th,, President Buhari has a final chance to rewrite his name in GOLD by handing over to Peter Obi - the rightful president elect that the world knows.
...
.

Well said

Sir, reading this explanation now contradicts the impression I got from the main post.

If you had not explained with this post, I was tempted to believe that you agreed with him and you were sharing the info with us.

I was almost believing his position, perhaps you should find a way to edit that post so that folks understand that you do not agree with what he said.

viperVIP:
After being struck by malaria and not having the strength to type, I had to force myself having read what @techgeek777 wrote, on seeing @Valto's explanation, I felt relieved only to see that @techgeek777 still don't get it.

The mantims guy is a scam! I have bought both cells and packs severally from @Valto, no issues at all, he sells Grade A verifiable from the QR code. I've had to peel off the cover on one of his cells to see if there's a trick underneath but all came out fine.

I have no idea what grade this @mantims sells, but definitely not a veritable sales, I began suspecting him when he said he doesn't like selling cells, only built packs which he doesn't expect or want you to open. What's he hiding He gave 3 years warranty, ofcourse used cells will survive this under moderate use, digging deeper into some of his advertised pictures on here, I found out the QR codes are absent.

If you have taken time to learn on YouTube from those who has bought the good and bad ones, you will understand more.

You guys should tone down on the rhetoric. There is no need for this..

Be magnanimous in victory and show some restrain.

There is no need breeding further bad blood.

AImiron:
The rate wey dem pained losers dey take create threads on this section, pass normal. I remember before the election they were beating their chests say Obi go win, I told em say na pipe dreams, I hope the likes feed una Lmao.
Make una try again in 2027, oh wait I forget say Bola go use 8 years and power go return to the north , oh boy. Otilor 😂🤣😂🤣