₦airaland Forum

Enyinne:
Please can someone help me with a direct number to call at cardinal stone registrar . I'm yet to receive my dividend for my stock . Pls assist me

Have u tried checking their website at https://cardinalstoneregistrars.com/

Rem22:
Please ,i bought a thousand units of transcorp shares in 2007 @ #7.50k per share. The post office box i was using to get their mails is no more functioning. I don't know anything about their dividend. Please,how can i contact Transcorp

Their Registrars: Africa Prudential Registrars

Mail them here: cxc@africaprudential.com

nna777:
The reason behind Fbnh volatile range trading is volume. The last support/resistance with huge volume was @ 4:50 to 4:70. This is what is causing the volatile range trading.

Look at Access. The last support/resistance with huge volume was @ 6:70 to 6:80. That's why it's consolidating without any range trading.

So if I were to choose btw Access and Fbnh. I think you know.

I see ur point expecially the concepts of support and volume working hand in hand.

I have been reading "Trend Qualification and Trading: Techniques To Identify the Best Trends to Trade", a book by L. A. Little, and his insistence on placing support/resistance at anchor bars, bars with relatively high volumes. That book is hard o, plenty yearns.

I project FUGAZ as a whole to move up at least 40% before year end.

Fbnh at 5, good buy?

Nigeria's Top 10 imports - Q1 2020

Petrol – N716.7bn
Gas oil –N155.4bn
Used vehicles –N190.6bn
Motorcycles & cycles–N138.9bn
Unused postage–N133.1bn
Durum wheat – N127.8bn
Machineries–N86.2bn
Fully automatic rifles –N51.9bn
Cane sugar–N44.3bn
Kerosene (jet fuel) –N37.9bn

With Dangote refinery on the way, 1, 2 and 10 can easily be taken care of. Why are most of u pessimistic?

Someone here was mocking sukuk investors the other day, yet u practically live here, a thread for Tbills and other government securities. I wonder, what d fùck are u doing here bro?

Nigeria's top 10 Agric. exports - Q1 2020

Sesamum seeds – N49.1bn
Fermented cocoa beans –N35.2b
Raw cocoa –N16.8b
Cashew nuts –N4.5b
Cocoa butter –N3.9b
Ginger –N2.7b
Frozen shrimps & prawns –N1.8b
Cotton lint –N1.7b
Flours & meal of oil seeds –N986.1m
Soya beans –N774.4m

Any of these exports can easily be ramped up by a factor 10 or more.

Kaduna refinery staff earn N23.2 billion, as facility posts zero revenue.

https://nairametrics.com/2020/06/16/kaduna-refinery-staff-earn-n23-2-billion-as-facility-posts-zero-revenue/

Yet some impenitent fellows here strongly believe that Nigeria is very poor and needs to devalue to survive. I tell them we have enough to make this country great, if only ...

Philantropists:
The lifespan of Nigerian bonds will soon reach it's elastic limit, the debts has been stretched beyond limits, the country Nigeria won't be able to repay the debt in 250 years from now, it is too much debt, the solution for the government is to keep servicing. There will come a point when the foreign investors will carry their money then Nigeria will be left with local investors money, we are not far from it. Sukuk was to borrow N150 billion but they ended up borrowing N162 billion, what is the plan for the additional N12 billion? Nothing but to embezzle.



It has happened in Zimbabwe, It has happened in Venezuela, it is happening now in Nigeria. Bonds are good in a growing economy but Nigerian economy is at decline phase. Recently i realized the money generated from 1 year bond period is what i can make within 6 months of investing at the right place, eye opener indeed.
Obviously it is better to have your money work for you but there are better aspects that generates double. Recently i made N1.3m interest within 2 months doing nothing, this same amount i would have to wait one year with fixed bonds capital of N13m to generate that interest. In another 2 months i will make another 1.3m doing almost nothing, short term investment is a key to wealth multiplication.

Do u care to share the risk free business that is giving u 10% every six months?

unite4real:
All those that invested in the Sukuk and wanting to know whether they are successful or not. Know this.

I got a letter from Lotus capital that i was successful with full allocation but that I will get the allocation details by email before the end of the week.

The DMO offered full allocation to all retail investors. The allocation is going on investor by investor and sent to all the agents who will also take their time depending on the volume of investors, to start sending emails.

I got information direct from my friend in DMO who is among the team doing the allocation.

Do not exercise any fear. The huge oversubscription you heard were mostly from Pension funds, banks and institutional investors.

As far as sukuk is concerned, retail investors are the main target investors. They are priority and that's why the minimum was 10k to invest.

The last sukuk 2 I invested, I have not gotten my letter up to date but I gotten 2 coupons already out of 14. The third one is coming in 2 week's time. As long as it has reflected on my cscs, the letter is not important.

All the TBills we have been buying, what has been the effects of the email on investment advice.

I have Bonds that I cannot recall whether I got mails or not. I am just interested in chopping my coupons

Chopping debit Sukuk at 16.47%
Chopping sukuk 2 at 15.73%
Now about to chop sukuk 3 at 11.2%

Sukuk 3..... Why na? Ur interest no too try o. But it's not bad as of now though

u be chop chop man o.

Bomboclad:
You guys (Meshpip/RDoracle) started this debate about a month ago (April 24); then i noted that both of you are right (see below).

There would be a final rise in stocks before the fall that memship is expecting (though not to the lows he has been forecasting). So though he is right that there is a major fall coming, there would be a quick rise in the coming days....which makes RDoracle right as well.

Well.....let me hope I am right, as I go incognito for a few months. Like my good friend OGG would say.....Selah!

I think the rise may not be a steep one, it will probably take several months to play out like it did in 2017 to 2018. Zeniths (and the other banks) dividend yield is too awesome for a very stable and solid business. I see people keying in to d point of reducing the dividend yield to a single digit with time. I for sure know at current yield rate it is a good buy, it beats all the so called "safe" investments hands down.

RabbiDoracle:
Send it to veecovee so that he can use and change his shoes as he treks for his missionary work

Sefiuu:
Where can I submit United securities registrars e-mandate activation form for processing please?

I filled, scanned and submitted the e-mandate form through mail to there customer care. (info@unitedsecuritieslimited.com)

And I got this reply, almost one month ago.

"Dear Sir,

We thank you for your mail and acknowledge receipt of your e-dividend mandate form.

Kindly be informed that the form will be subjected to verification before uploading on NIBSS portal for your Bank confirmation.

Please expect our response soon.

Thank you."


I dont know what to make of it sha, tomorrow will confirm whether everything went well.

Don't forget to thick the other stocks in the form, you may decide to own them later. I actually bought small amounts of all the listed stocks to make it more official.

Mcy56:
Posted on June 11.
Full offer now.
Sometimes, some people don't know when to walk away due to greed.

There is a way to know when to walk, I think by looking at volume traded. Even while price is moving up any substantial volume divergence na to japa o.

Tomorrow Dangote cement will be paying dividend, my first dividend ever, I don't even know what I will use d small money do sef.

Bull is coming, Sukuk Bond was oversubscribed by 346%. Where are most of this monies going to end at?

veecovee:
TWO HOLES ON EVERY WOMAN'S BODY THAT HAD DESTROYED MANY

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/29#90518604

cc derugged

Wapco made less than 2% profit on their overall investment last year. Had it been they ceased all operations and invested in government Tbills at 4.1% they would have made double that.

emmanuelewumi:
1000 units grew to over 25,000 units between 1980 and 2020.


N100,000 invested in 1980 must be worth over N1 billion Naira and dividends of about N400 million in the last 40 years

Sir, I hope u don't mind my newbie question. Does split increase value? I used to think that split results in dilution of share value.

Example, if I own 20 shares at #10 each that is #200. For 1 in 2 split, 40 shares now worth #5 each and same #200.

Looks like split is more advantageous to company, more share to sell later.

What is happening to NEIMETH has a name, price bubble. Good for Jijoists bad for long termers.

Mcy56:
Doubt if uacn can repeat what Neimeth is doing.....we wait and see.....

But VITAFOAM is more valuable that NEIMETH if we look at last year's books and current stock price?

Even at double its current price VITAFOAM still makes sense.

emmanuelewumi:
You divide the earnings by the stock price and multiply by 100 to get the earning yield. Or 100 divided by the PE

That is what I was thinking before I saw a different approach on investopedia as follows:

Return on capital as EBIT/(net fixed assets + working capital)

Earnings yield as EBIT/EV

Where EV, Enterprise Value, as Market Capitalization + Total Debt − Cash and cash equivalents.

DrAwo:
Zenith bank to possibly hit 1 trillion naira in equity by FY 2020... The numbers don't lie, usually...

#Stellar...

Very clean analysis. Did you use only the data in the first part of the sheet to compute the ratios in the second part?

Can you please add these ratios - Return on Capital and Earnings Yield. I find these ones hard to compute, especially for banks.

oluayebenz:
Are you sure you know what you are saying?
I hate it when i see misleading info.....

Or you want to say buy finance

Cool down and learn.

An average cleaner earns 24k usd
After tax u are left with 20k (this for Alabama u can check for other states here
https://us.icalculator.info/salary-calculator/alabama.html)

Rent in Alabama per month: 300 to 400 usd for cheap apartment. Plenty examples online, remember everything is listed online koro koro.

200 to 300 on food if u eat homemade food and also know where to buy it cheap

100 to 140 on electricity. Even less sef.

In short, u can manage 1000 to 1100 usd per month.

So, u have about 7000 left every year for 3 years, that is 21000. I ask again, howmuch is a new Toyota sedan?

People take loans because their culture is designed for people to spend unnecessarily. Enough jolification they there, that doesn't mean that u can't save money.

In Nigeria, the same cleaning job pays u 15k to 20k naira a month. Even if u no dey touch ur salary for years u no fit do anything meaningful. If una want keep devaluing, ok.

Theconglomerate:
Subsidising dollars for them so that almajiris can continue to see plates to lick.
Because if dollars is sold for it's real naira equivalence,the person that bought the food will first lick the plates before passing it to the almajiri that will lick his spit instead.
This is why they keep politicising naira's real value so that all their child voters up north don't die of starvation at the expense of Nigeria's sane population growth.

I don't know of any country that his not subsidizing there citizen welfare in some way, why should Nigeria be any different? You rather want politicians to keep looting while you suffer in poverty. You are a very smart man. Good night.

Theconglomerate:
They don't have 200m people with 40m+ almajiris to worry about na,very simple...

What is the government actually doing for this 200m people and the almajiris?

Theconglomerate:
Saudi produces 11.3mbpd of oil.
So if oil fall o,rise oo they are good
So why would their currency depreciate because of price crash when they produce so much of oil?
Saudi and Nigeria or Venezuela na mate for oil business?
If you want Nigeria to be like Saudi,abeg go find $50B borrow NNPC for E&P so we can produce at that level to fight depreciation.
Or you think you will just go to an oil field and wave your penis and oil starts jumping out?
It costs money that Nigeria don't even have to produce oil on that level

Ok, Angola, Kazakhstan and Qatar to name a few produce less than Nigeria. What excuse do you have for these ones?

Theconglomerate:
So all cleaners in the US are not qualified or educated?
Is that what you are saying?
If USA is heaven to you go there na.
Small protest and covid 19 they are all homeless and looting stores and you say them be heaven
Who been loot or cry homelessness for UAE abeg.

You are deviating, please stay on point.

Theconglomerate:
If corruption was the problem,why did the economy crash in 2015 when oil fell?It should have happened before that na because corruption has been there for so long.
It's like saying George floyd died of coronavirus rather than asphyxiation caused by Derek chauvin kneeling on his kneck
Corruption was just part of Venezuela's problem,not it's cause for collapse.

Na only Venezuela they export oil? Why didn't Saudi or Dubai experience depreciation?

Theconglomerate:
Those people that live on $1k a month ride bicycles,definitely not cars.

So what, he rides bus to work while he is saving up. The point is he can buy the car new in a shorter time than my Nigerian guy who is way ahead qualification wise.

Theconglomerate:
Venezuela and zimbabwe currencies depreciated,they didn't devalue.
Devaluation is a controlled process,something all of you keep missing.
Venezuela ran out of dollars kpam kpam,nothing.
Why?Because they were already having problems producing their major export which is oil.
When oil fell in 2015 their economy collapsed since they don't produce anything else.
Zimbabwe own na sanction cause am.
Now tell me,how is Nigeria's own case similar to these 2 examples?
CBN tell you say e no get fx weh go make its currency depreciate out of control?
Or devaluation will suddenly make Nigeria lose its source of income I guess?
It will just be a strategic adjustment to crush imports,not that naira will suddenly become useless to the point where a truckload of naira will be used to buy bread.
Na wa ooo

Depreciation or Devaluation, Nigeria, Venezuela and Zimbabwe all have the same issues in common and that is corruption and looting of public funds. I bet you didn't read that part while querying google.

Theconglomerate:
If it takes the cleaner 3 years to do this,call ne bastard.
Who do you think is looting all this stores in the US in this current protest?
Someone earning 100k in Nigeria that isn't married and works in a credible place can get to save 2m for 3 years to buy brand new Innoson fox for 3.8m and get financing for extra 1.8m to clear the whole debt,a privilege his US cleaner counterpart clearly lacks.
The problem is that everybody want drive benz at the expense of the CBN.

People live on 1000 usd per month, do the math bro.

Who said Toyota is the cheapest sedan in d usa?

Theconglomerate:
We already have the local demand,devaluation will make our people buy our produce and encourage our sleeping lions that it is time to export and forget import.
If dollar gets to 500 and stays there,what do you think all these current importers will be doing with all that idle naira in their hands,when they know If they export and bring forex they'll have so much money?
I was looking for seedless cotton last year for an indian client and the whole of Gombe to get machine that removes seeds from cotton as white people want it was a problem
Because imports is too easy and favourable that's why they all abandoned export na,because CBN dey sell cheap dollar.

I dont tire for you. When Venezuelan and Zimbabwean economy wen to shit did the suddenly started build aeroplanes?

awele186:
Oh please, stop acting like most people haven't travelled. The average cleaner wont pay rent, electricity, tax, insurance etc? How much would be left? Can a cleaner but a new Toyota without credit? Can they pay the money in full?

Come on, I said after saving for 15 years an average office worker can not buy a new toyota.

An average cleaner earns 24k USD a year. Howmuch is a new Toyota?

Yes