₦airaland Forum

dammybrite:
Hello, chief. Many thanks for bringing this up. Which mobile IDE do you use? Do you mind sharing how you scrap the data daily?

I use PyDroid3 and I'm sure you'll find plenty of tutorials on how to run Jupyter Notebook with it.

For daily data, I scrape PDFs using PyPDF4. MorganCapital sends me daily price lists as pdf from which I update my CSV files on my phone.

Results of a scanner that counted the number of stocks that rose above 5% in a given day as good and fell below -5% as bad. Then filtered for only days where we had at least 35 good or bad stocks.

Given the data from 2020 to date, it is very unlikely we will see poor performance tomorrow.

A risk-free way of gearing:

Gearing means using borrowed money to invest in additional assets - it allows investors to buy more stocks without committing more capital.

Like Pa Emma said, there are ways to approach using loans to buy stocks without getting burned. I believe a less risky approach is using returns from a fixed income asset to service such loans.

Example below:

Let me start with, for example, I have 10 million in 2022 Sukuk that yields about 14 percent per annum (700k paid twice in the year). My investment returns 1.4 million per year.

Dividing this sum by two, 700 thousand. From this I can now compute the size of a riskless loan. Sourcing for the cheapest loans, I get a 20% interest loan, using my whole 1.4 million generating asset as collateral. The size of the loan can be calculated like this: 700k ÷ 20% = 3.5 million. 3.5 million should be the absolute tops I can get to keep risk almost at zero. The idea is that the 700k is paying the reducing interest rate annually while the other 700k is reducing the principal. The concept is not new and it is called an annuity.

To make it clear:
In the first year, the 700k interest is cleared but the principal is also reduced by 700k to 2.8 million.

In the second year, the 560k interest is cleared with part of 700k, the remaining part and the other 700k reduces the principal further to 1.96 million.

In the third year, the interest of 393k is cleared and reducing principal to 952k

In the fourth year, the interest of 190.4k is cleared along the remaining principal of 952k. Taking approximately 4 years.

With this approach, you are not constrained by the stock's performance. It is actually free money.

Imagine following Loco with your 3.5 million when Multiverse was trading at below 4 when he mentioned it. With your full chest.

If it goes south, at highest, 4 years you are done paying your dues. If the universe favors you like it did for some people, that would amount to 5 times your 3.5 mil to about 17.5 million. Free money.

I am happy for Loco, the guy has hammered. Again!

#Modified, there was a hiccup in the annuity calculation.

sonofElElyon:
Drop your own predictions and let's check them out... remember to also be specific...

I have made lots of predictions in the past, they are here on this forum. Not bragging, but many of them have happened. If you have time to spare, go through my posts.

In my predictions, I use simple statistics and common sense. I don't claim to be a magician.

Princkez:
Yes you are right..

You need a soothsayer to tell you that most stocks will move up, abi? If the price of rice and other goods and services have doubled, is it stocks that won't double or triple?

As is to be expected, we are most likely going to see more dividends this year that are worth even less as the purchasing power of the naira has been severely compromised.

I get that Oracle is a likable guy because of his jokes and insights. Well, we saw a couple predictions come to pass and a couple fail, just like most other analysts here.

And then there's the other guy, Stcool, who sees opposing views as being a "small boy".

Still on that, the US and Western economies were never going to collapse, at least not for a very long time. Recession maybe, but not collapse. The US was never going to print its money to sheghe.

Kelvin58:
can I.ask u a question very important

Okay...

The trillion-naira capitalization club, home to the Nigerian Stock Exchange giants, could soon welcome Dangote Foods Plc.

With its proposed 17,351,322,596 shares and a current share price of 57.45 naira, Dangote Foods would boast a market capitalization of 996.8 billion naira.

Reaching 1.7 trillion naira mark would require a share price of 100 naira, placing it behind BUAFOODS still!

Here are the banking stocks, along with their market capitalizations and outstanding shares, listed in ascending order of market cap. The market capitalization was calculated by multiplying the last closing price by the number of outstanding shares.

My question is: Does this order accurately reflect the relative value of these companies? Would incorporating current or 2022 earnings alter this order significantly?

sonofElElyon:
Ok. So do we go for it irrespective of the 1 billion new shares or hold our horses?

This is not intended as a buy or sell recommendation. I am merely presenting my observations, which are subject to further analysis and debate.

bolton08:
Gurus in the house, please is it advisable to buy Ellah Lake now?

Since 2020, a total of 312 million units, representing approximately 15% of the 2 billion outstanding shares, have been traded (All traded shares were assumed unique, meaning they weren't re-purchased and sold within the considered period).

This suggests that once the company starts generating revenue, the stock price could see significant upward movement. In the meantime, a further decline seems unlikely.

Notably, if the 85% shareholders have held their stock since 2020, it's likely they have good reason to believe in the company's future potential.

However, the proposed issuance of 1 billion new shares could pose a potential challenge.

Below are the 5 stocks in the agricultural sector.

phadriz:
Substantial holdings in your context is different from having significant holdings to influence decision in the company, someone with 10 million units of Transcorp can not influence decision because the holdings is significant for that.

Even when you believe in a particular stock and one want to hold it till eternity, it is wisdom when you trade the stocks during ups and downs in order to have more units with the same cost invested. I'm sure you will be trading stocks you hold for several years because I know you vast knowledge in analysis.

With your aversion to loans, how can you imagine trading forex?

They trade with leverage as standard, often borrowing twenty times for every unit they put in their own capital.

This is because making money in forex often requires leverage, as the market movements can be measured in very small increments (pips).

phadriz:
Just look at your analogy. Someone with portfolio worth 90 million will now be applying for 9 million naira loan to buy stocks? Who does that, it is foolishness and greed. Pennywise pounds foolish such an investor.

I get the feeling you're taking a defensive stance here, lashing out without fully considering what's being said.

The post you quoted was simply an example to illustrate the point that loan decisions should be based on current and, in some cases, projected cash flows, not on anticipated appreciation.

Let's relax, brother.

Nobody's doubting your abilities. We're all here to learn and grow together.

Ositadima2:
In light of the stress test results, the CBN is likely to intensify its scrutiny of banks. This could lead to stricter regulations and higher compliance costs for financial institutions, potentially impacting their earnings.

If ETI is not included in the list as mentioned by OGG, then it stands to reason that ETI's would move up (this one is SA).

Cletus Madubugwu Ibeto is a multifaceted figure – a successful businessman, a resourceful entrepreneur, and a dedicated humanitarian. Founded and chaired by him, the Ibeto Group stands as a testament to his diverse ambitions, encompassing a wide range of sectors. A native of Nnewi and a graduate of the University of Nigeria, Ibeto embodies the entrepreneurial spirit and academic excellence that characterize the region.

Educationalserv:
Stop posting this we are NOT Motivated by una type of wealth and source it open secrets in Africa and Asia .

Iwuchukwu Amara Tochi (1985[1]–26 January 2007) was a Nigerian Igbo national convicted of drug trafficking in Singapore. At quantities above certain weight thresholds, which varies for different types of drugs, drug trafficking carries a mandatory death sentence under Singapore's Misuse of Drugs Act, and despite pleas for clemency from Amnesty International, the United Nations, Nigerian President Olusegun Obasanjo, as well as other individuals and groups, he was executed by hanging on 26 January 2007 in Changi Prison.

Benedict Peters

Date of birth: 5th December 1966 Age: 56 years (as of 2023)
Source of wealth: Investment in the oil industry
Net worth: $2.7 billion

Benedict Peters is from Abakaliki, Ebonyi State, and owns one of Nigeria's largest indigenous oil-producing firms. He is the founder of Aiteo Group, an integrated Nigerian energy conglomerate. The firm deals with oil and gas exploration and production, refining petroleum products, bulk petroleum storage, and power generation and distribution.

ZEBRA

ZEBRA

ZEBRA

ZEBRA CROSSROAD

ZEBRA

ZEBRA

ZEBRA CROSSROAD

Eti on full bid.

Educationalserv:
if you can show me a single picture iyamiri !royal in 1920 well clothed attending meeting with world powers i will deactivate

Ambrosie Bryant Chukwueloka (A.B.C.) Orjiako

Date of Birth: October 1, 1960
Age: 63 years old (as of October 2023)
Source of Wealth: Oil and gas investments
Net Worth: $1.2 billion

A.B.C. Orjiako ranks among the top 10 wealthiest Igbo individuals. He serves as the chairman and co-founder of SEPLAT, a leading independent oil and gas company in Nigeria. Listed on both the London and Nigerian stock exchanges, SEPLAT is a testament to Orjiako's entrepreneurial acumen. He has established and successfully managed various companies within the Nigerian oil and gas industry.



@Educationalserv I have many more ... Keep posting your hateful posts; you fuel my motivation.

Educationalserv:
kindly remove this ,they are not Mentors https://www.reuters.com/article/idUSKBN1XX0BM/

Pascal Dozie

Date of Birth: April 9, 1939
Age: 84 years old (as of October 2023)
Source of Wealth: Banking and entrepreneurship
Net Worth: $1 billion

Born in 1939 in the Egbu village of Owerri, Nigeria, Pascal Gabriel Dozie is a leading entrepreneur and former banker. He is best known as the founder of Diamond Bank, a successful financial institution he established after a distinguished career in the banking industry.

Educationalserv:
Smoke screen wanted in America!founded with monies from amnesty program loot https://www.justice.gov/usao-ndga/pr/ceo-nigerian-airline-indicted-bank-fraud-and-money-laundering.

Leo Stan Ekeh

Date of Birth: February 22, 1956
Age: 67 years old (as of October 2023)
Source of Wealth: ICT and entrepreneurship
Net Worth: $1 billion

Born in Ubomiri Mbaitoli, Imo State, Leo Stan Ekeh is an entrepreneur who has carved a successful path in the ICT sector. He is the founder of Zinox Technologies Limited, a company he established in 2001. Zinox is a leading player in computer manufacturing and provides various ICT solutions. In early 2018, Ekeh acquired a 99% stake in Konga.com, a major e-commerce platform in Nigeria.

Educationalserv:
kindly see the European guide map for explorers how you ancestors where naked cannibals . we are not surprised by you animalist behaviors, aggressive and hostile nature

Cosmas Maduka

Date of Birth: December 24, 1958
Age: 64 years old (as of 2023)
Source of Wealth: Entrepreneurship
Net Worth: $800 million

Cosmas Maduka, an Igbo Christian hailing from Nnewi, Anambra State, was born into the family of Mr. Peter and Mrs. Rose Maduka in the city of Jos. A successful businessman and philanthropist, Maduka ranks among the top 20 richest men in the world as of 2023. He serves as the president and chairman of the Coscharis Group, a diversified company with interests in manufacturing, ICT, auto components, petrochemicals, auto considerations, automobile sales and services, and agro-allied businesses.

Educationalserv:
peace full Lagos colony before the coming of cannibals and drug pushers from yeast .can you see where are people then in caves chasing rats or hunted by Benin empire

Stella Okoli

Year of Birth: 1944
Age: 79 years old (as of October 2023)
Source of Wealth: Pharmaceuticals and entrepreneurship
Net Worth: $700 million

Stella Okoli was born in 1944 in Kano State, Northern Nigeria, to Felix Ebelechukwu and Margaret Modebelu, descendants of the Nnewi clan in Anambra State. She is the founder and CEO of Emzor Pharmaceuticals Limited, a leading pharmaceutical company in Nigeria. Established in 1977, Emzor has grown under her leadership to become a major player in the Nigerian pharmaceutical industry. As a successful female entrepreneur, Ms. Okoli serves as an inspiration and role model for young women in Nigeria.

Educationalserv:
thank Lord luggard kindly see yoruba women vs ibos

Tony Elumelu
Date of Birth: March 22, 1963
Age: 60 years old (as of 2023)
Source of Wealth: Economics career and multiple businesses
Net Worth: $700 million

Anthony Onyemaechi Elumelu is a seasoned economist and entrepreneur. He is the founder of Heirs Holdings, a diversified investment company with interests in various economic sectors. He chairs Heirs Holdings, Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation. His Tony Elumelu Foundation (TEF) has already made a significant difference in the lives of many Nigerians by providing entrepreneurship training, mentorship, and funding.

Brainbox0806:
Oloriburukus people, adult babies. You guys should simply exchange house addresses for your gbasgbos, let people learn and discuss investments in peace.

As you be area for here, you never learn investment finish? Okpari, nah him be say that your brainbox no dey deliver nah.

Educationalserv:
you should be eternally grateful to Lord Lugard and colonial Masters and the conquest that converted your ancestor's to humans na rat una for dey chase up and down or we buying you from OBA Ekweka of Benin to work in our Farms .

To foster a spirit of hard work and industriousness, I will highlight the accomplishments of a successful Nigerian of Igbo descent for every tribalistic post you make.

So, my friend, please continue your posts, as I eagerly await the opportunity to showcase more outstanding Nigerians.

Allen Onyema
Date of birth: March 1964
Age: 58 years (as of 2023)
Source of wealth: Private airline
Net worth: $500 million

Allen Onyema is a highly respected entrepreneur from Anambra State in southeastern Nigeria. He is the founder of the renowned private airline, Air Peace. During the xenophobic attacks in South Africa, he demonstrated unwavering compassion by providing free return tickets to Nigerians seeking safe repatriation.