₦airaland Forum

BullBearMkt:
...turn your attention to long term and you'll see opportunities. GTCO that you're comparing it with Transcorp was bearish in 2022 on long-term.

Locotrader:
Grave robber.I remember those days we use to look for bottom.

No bottom this time because we are not in bears.You will suddenly see a reversal any moment

Dupeodus:
Russian crude is heavy crude. The closest to the Nigerian light crude that the Dangote Refinery is built for is American crude.

nosa2:
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

Olaide1295:
Look at the map. Russia is too far and tankers will have to sail the cape of good hope. Logistics is too much.
One thing to be sure of. When private capital (not government o) makes decisions, they’ve considered all options and will likely chose what’s best for their business.

BullBearMkt:
You've introduced another aspect into the discussion, which is valid. Nevertheless, the cost of $5/barrel, up to a maximum of 3 million barrels on a vessel, is substantial. That apart, ensuring an uninterrupted supply of crude oil is of equal significance

Frangel:
They can. However, my challenge is looking at their cash position of less than N1bn at YE, can they afford to pay dividend of about N5b without borrowing or shifting the payment date later in the year when they would have generated good cash from operations. They made some significant/strategic cash investments in 2023. Impressive results by the way.

Frangel:
They are deducted. Usually mapped under admin expenses. As a standard, you can't arrived at your operating profit without providing for depreciation and amortization.

emmanuelewumi:
With EPS of N3.11k, Nahco should be able to pay a dividend of N2.50k

Tranquility2345:
What makes you think his fx investments are Nigerian bonds denominated in dollars (these are called Eurobonds by the way)? And who told you that you have to go physically to the USA to invest in their bonds? I swear I feel like giving you a very hot konk on that your yellow bald head

Tranquility2345:
I think Skydiver made solid points from his own point of view about the situation. The key lesson he was passing across is the power of diversification when it comes to the currency of savings and investments…

RayRay06677:
Unnecessary attacks

Some gets motivations from stories like that.



We can not convert all our money to dollars

Allow naira to breath


Age, inheritance policy and volume of naira you hold can be a reason you shouldn't bother about dollars.

skydiver01:
I am unperturbed. I made the FGN Naira bond investments with the sole objective of the coupons meeting my expenses in Nigeria which continues to hold true today even while the Naira has continued to fall. This is the reason I also made majority of my portfolio in FX investments. My two kids are out of university and in gainful employment. I have no rent to pay in Nigeria because my properties are fully paid for and I am paid rent on one of them. I will give you a simple example (though I have many) of why I am unperturbed. I live a simple life though I do enjoy myself with friends. However, in the last 10 years I have been unable to spend more than N6m a year on expenses. So, even if the Naira falls to N5,000 to the US Dollar, it simply cannot bother me in the least. This is why it is important to have a diversified portfolio. It is meant to balance out risks and continue to grow. I assure you I made a good investment in the FGN Naira bonds because it met and continues to meet my needs and objectives. My Naira investments were never based on an expectation of the Naira appreciating and I am not also interested in converting any of my FX investment's coupons and dividends into Naira - those are for my expenses when I am not in the country holidaying. I hope the above helps put into perspective your assumption of how I feel

TotoNaRubber:
Well as you can't win it all. With knowledge on your side, you were able to diversify.

Now, imagine how over 200 million Nigerians without this knowledge and spare cash to buy dollar have been thrown into extreme misfortune.

Most of the rich knew about this and they multiplied their worth easily. So long as you live in Nigeria whether you earn in Pounds or Malaysian ringgit the devaluation affects you but then the worst set of people are thecones who have only Naira as currency.

Zagee:
Numbers, numbers.

I have noticed that these FMCGs are having more revenue than associated with the "brokeness" on the street. Abi everyone spent everything on food??

Developing impressive results looking at Q on Q.
I wonder what they'll do with honeywell flour(though not an amazing result) but looking to ride it(TA-wise) and gut feeling throughout q1. 10% down already.

Market will justify every result. Lookout!

Locotrader:
No bears until those ones also feel the bull.
It must go round.
It is time for Nigerians to build good houses, buy cars, change cars, buy land, marry one wife, invest in church projects etc......

Not only our oldies who dislike what is happening sabi do real estates,and in love with plenty women.........

Agbalowomeri:
What makes you think it will resume 'upward journey'?

rmx:
What is the going rate for similar properties in that area or Did he sell below that ?

rmx:
Naira from around 800 to 1400 now , that’s a loss of 75% since may/june , I hope my maths is correct

Returns need to be above 75% for investment in the nse to be ahead , I think most stocks have given that so far , but will it continue ?
Beating devaluation and inflation in Nigeria is an unending battle with naira assets

masseratti:
i don't understand this your quote.

Locotrader:
ASI wey go reach 120.
We are expecting Dangote Refinery to list soon.
Other big companies are also joining the league.

Dangote cement wey ote just increase stake can only trade flat or lose just 10 or 20℅.

I for don carry my kaya run if danger in sight.
I dey come more 50% to the market once my money mature only in the Brewery sector.I am sighting bull there.Other sectors might have peak or close to peak but won't crash.

masseratti:
... I know someone who paid 200 million naira when dollars was 320 naira to 1$,that's $555k, now he sold the same house for 300million naira convert it back to dollars as at the rate he sold it last month duration 5 years at today's rate of 1300 naira the guy made $230k that's a loss of $270k that's massive and same thing with stocks ...

Agbalowomeri:
Eku bull market o
DangCement still dey do cosmetics for ASI
Dem go soon comot the wedge
Eni ori yo.....

Anyway don't expect a sudden crash, it will be a slow and steady ride to Golgotha

LILBIMS:
Good evening , pls what’s the meaning of OS ?

MeezPat:
This is a bit wrong though for bonds....Your capital can fall or rise in relation to interest rates...If newer bonds are issued at higher yields, your capital falls if you demand an immediate sale, If issued at lesser yields than you bought, your capital increases.Investor is only immune if he waits till maturity of which, there are still inflationary pressures