₦airaland Forum

Streetinvestor2:
Lol,you are giving me price of a good that was being subsidised. 5M 10 yrs ago can not be close to 50M today.It has not reached that level even with the devaluation/inflation is what I see on the street. .The money has lost value does not mean the money is now dead like Zimbabwe dollars lol

Streetinvestor2:
I don't agree that 5 million few yrs ago is like 50 million today.i am a business man on the street. Tell me the thing in the market like 10 yrs ago in the range of 5 million that will require like 50 million to buy today beside those over priced land in some places like lagos and abj.

I will do my own calculation on one of my stocks though some are not doing fine
Ucapital. Thr was only two buy which was offer and RI since then
Units was 2,024,997 @BE of about #1.00 because offer was at .90kobo and ri was #1.20.This record is in book because I used analog broker then
2024997÷170 will give 11.912 dollars
With bonus of 2 :1 will give 6074991 now.
6074991× 17 will give #103274847
I03274847÷1700 will give presently 60 ,750 dollars. Did it not beat devaluation /inflation of 10 yrs.i have not added dividend for 10 yrs

HesInMe:
Sorry, it's the gods of Nairaland that won't let me edit my comment once posted. I meant to use the 300% that the other guy quoted. 1000% is a highly unusual performance for a diversified portfolio.

Say we both started with the equivalent of $1000 at the beginning of 2021.

If you invested in US market:
You start with $1000
Grow portfolio 52% (average gain in S&P500 since 2021), so you'd have $1520 at the end of year.

If you invested in NSE All-Share:
You start with $250 due to devaluation. The naira has devalued 75+% since 2021.

Grow portfolio 300% (average gain is ~100% since 2021), so you end with $750. You're $770 poorer.

To break even (make the same money as US investor), you need to have at least 400% return. How many people have that on a portfolio level? Getting lucky with Oando etc. doesn't count.

HesInMe:
Good stuff, but this intro wasn't necessary na. You don't have to put others down to climb up. A man's gifts will make way for him.

vacanci:
You can still communicate without sounding insulting and proud. Your entry comments makes ur post senseless to me

chimex38:
Your point isn't different from what he said.
He said the patient ones will get it at ₦2.5 or so.. Same as sub 3 u highlighted. Which is the ideal support level.

emmanuelewumi:
People are allowed to learn however they want to. They can learn the hard way, learn the easy way or learn from others

vacanci:
I remember we were shouting here that the visit to that farm was a scam but most no want to even listen at all. Herd mentality no good.

While some were rushing ELLAH LAKES above N5 expecting it to hit N10 after those journalists use some overstated report to help insiders to cash out, the patient ones will still get theirs for N2.50 as the share price is going back to base.

I read the above newly released financial report for october 31, and was looking for key word "PIGS" and i cannot find anything of such. Not even an expenses to show that pigs were fed.

The management have been converting parts of their unpaid salaries to equity shares as reported.

I wonder why their report is not showing any significant growth in landed asset. Abi their farm land no dey appreciate?

HesInMe:
LOL. I tried to treat you with respect but you're just showing your nyansh.

I said nothing about revenue. Earnings before interest and taxes is not the same as revenue. It is actually a metric used to calculate interest coverage, which is relevant to the CP.

Here's what I did say about the stock, since you only do selective reading:

"If you're worried about MTN stock, it's not the CP program that should be giving you indigestion. It's their FX exposure, still-high valuation, and slowing growth."

Oya, continue arguing with yourself. Na empty vessel wey dey loud pass.

HesInMe:
Na wa. Sounds like Madam didn't give you any last night. Don't take it out on me.

Full disclosure: I don't own any MTNN shares (but I did subscribe to the commercial paper, or CP, offer). The OP expressed concern about MTNN's long-term prospects because of their CP issuance. I provided context showing that the CP program is actually very small for a company of MTN's size. In particular, the entire CP program (not just the interest on the CP) is a small fraction of MTN's earnings before interest.

[And honestly, with respect, anyone who's really worried about CP doesn't know anything about finance. CP is unsecured lending -- the lowest of the lowest when it comes to debt. Lower than accounts payables, bank loans and bonds. If MTN goes out of business, they can literally tell CP holders to jump into the Niger.]

If you're worried about MTN stock, it's not the CP program that should be giving you indigestion. It's their FX exposure, still-high valuation, and slowing growth.

HesInMe:
Feel free to check for yourself. It's on their website. Keep in mind that interest cover is what is important when it comes to debt (profit after tax already has interest deducted from it).

HesInMe:
For perspective:

The entire MTN commercial paper program is authorized to issue N250 billion of short-term unsecured debt.

MTN's 2023 earnings before interest and taxes was N1,200 billion (4.8x CP). Its market capitalization, even at today's low valuation, is N3,500 billion.

Still worried?

HesInMe:
With respect, these kinds of comments are infuriating. Stop pretending you have a Palantir, a God-given insight into the future bestowed only upon thee.

We need to do better as a group. We're not doing talisman investing. Tell us the investment case you see for Oando -- one that we can all analyze. Ordinarily, a company with the horrendous track record Oando has -- poor management, high indebtedness, uber-complicated financials, byzantine (I dare say, corrupt) deal making, and negative shareholder returns -- should have no prayer in this market. It's not "Wale-hate."

Quiteparrot:
Kindly explain in a simpler form how dey take get 30% true yield on the 23% 364 days treasury bills. Thanks

HesInMe:
I'm not an accountant, but this sound like funny business o. Have you forgotten that accounts receivables (current assets) go down? At best, assets stay constant. Most likely, total assets will go down.

You are assuming Oando will value the so-called equity they will get as much as the AR they are foregoing. If my company owes you N1 billion, and couldn't pay you cash as promised because my business is struggling, and so then I offered you N1 billion worth of shares in my struggling business, would you take that deal?

creategist:
Can someone please show me how they convert 'Discount Rate" to "Yield"?

Streetinvestor2:
It means 1 unit is 1700 ×98000.If yes what kind joke is that..lol

Streetinvestor2:
OK.if they change it to real money. They should bring it to nse for we already positioned to hammer. The kind of money they call on that thing most times don't sound real to me,lol
If na dem go propel the next mad bull I can't wait for it to happen to cash out and move some to fixed market too

Streetinvestor2:
I don't know the seller and motive for selling. Then the motive for selling any stock varies and are many.To be sincere I don't even notice any seller.It is when you guys mention it on this thread I learn about it.This is because chams with just OS of 4.7 billion and the results coming out.I no send any seller. If it is a company with OS of 12B and above that the seller is selling off, I would have bothered plus decreasing financials.Infact I expect the stock to hit #5 next yr .Then if they continue with tech innovations in product and service it will hit #10 in few yrs.Then if they can have break through in this trending AI stuff making waves now That will propel them to mad cash.Tech and power sector are great place for our population going into the future because the market is already thr.Are you seeing the kind money monie point is making in nigeria due to our population

mikeapollo:
Okay, can we settle the matter this way:

I am happy that someone says he/she made some N300m,whether true or not.
I am also happy that you find the claim questionable, express your disbelief and call it false, whether justified or otherwise.

NB:
Good luck to those who are sad, pained or unhappy because of any of the above.

By the way, my post was not to lecture anyone on morality or silence the opinion of others.
I only expressed an opinion, and thankfully it makes sense to some people who appreciate it.
Those who do not appreciate it can ignore the post.

God bless.