₦airaland Forum

mendes911:
Sir, I am not with you on this your 20 Kobo prophecy ooohhh, I no get strength for fight. If you want to talk to Sir OGG, come out openly and talk, "don't go through the corners" by saying Caverton will sell for 20 Kobo by year end.

You really do not know the intrinsic values inherent in this stock, yet to be scratched nor tapped.

mendes911:
Sir,

Come and take your Caverton and fly with the birds!

https://doclib.ngxgroup.com/Financial_NewsDocs/38527_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2022_FINANCIAL_STATEMENTS_MAY_2023.pdf

FY turned out to be worse than what happened in 1985.

ojesymsym:
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.

Abdul4trust1:
Good evening everyone.

Please, is there any app for trading shares in Nigeria?

Stan2330:
What is involved in diligent research
What do u consider?

Afromentalist:
One topic I rarely see here is outperformance. We all know stock rise and fall, we win some and lose some.

It would be interesting to have participants in these here climes to analyse their portfolio history and see if and how long they have been able to beat the Nigerian market (NSE).

This is not to recommend passive investing ( I myself am an active investor). Just for the fun of analysis and see what strategy work better.

comatekeke:
What stocks can give 26% ROI?
Thanks in advance.

RabbiDoracle:
The simple question we should be asking ourselves is : how does CBN store her foreign reserves in US banks? Cash? or it is invested in US treasuries?

How do Local banks store their foreign reserves in corresponding foreign banks? Cash or it is invested in US treasuries?

Many banks will invest in the "risk-free" instrument of US or EU treasuries as at 2020 and 2021. And in 2022, there was a huge decline in these treasury prices and automatically causing any financial institution to take losses on these supposedly risk free foreign reserves.

Were these factored into their P/L accounts like the type we see in many US banks that have collapsed as a result of the bond losses which many EM banks have their foreign exchange reserves invested in.

On this note, financial institution doesn't seem investable for me for now because there are lots of issues that are unresolved in the country where their foreign reserves are invested. If the US and EU banks are taking severe losses, how about our banks and central bank that invested in the same instrument? This goes for all EMs financial institutions.

When GTB declines to such low price, then imagine where other tier 2 banks could get to. It will be kobo kobo galore.

Agbalowomeri:
We no dey talk outperforming here Lol. That's too low a target.
Our language is in baggers
1, 2, 3 ... Baggers

abduleez1:
Na Lea Seydoux be this abi eyes dey pain me?? 🤯😢🤔

Frangel:
The deducted depreciation is accumulated (accumulated depreciation) over the years of the asset (until sold or scrapped) and deducted from the cost of the asset to arrive at it's value stated on the balance sheet (carrying value). It doesn't affect the cash balance.

Where PAT is zero and no PPE is purchased, equity and cash remain unchanged. Depreciation is just a provision (book entry) involving no cash movement. Items that affect equity are share capital/premium, revaluations, PAT balances and appropriations/reserves. There's a basic formula: EQUITY+LIABILITY=ASSET

Frangel:
If the purchase was during the year of account, depreciation for the period in use would have been charged to arrive at the zero PAT (strange). PPE will increase while cash decreased by the cost of acquisition. Equity doesn't change. At the basics, equity would change in a situation of zero PAT if there's a revaluation (up or down) of assets.

Reduction in cash cancels increase in PPE. Accounting wise, for every debit(PPE), there must be a corresponding credit (cash).

RabbiDoracle:
Yeah. Was on vacation and returned. We can chat on my mobile whenever you are less busy.

I don't know what it is, but it looks big and could drive NGX very low(maybe Brent trading at $30s) . Very very low. All EMs will join the world as it sells off.

Osu imi, Osu anya.

Agbalowomeri:
See who is talking
I have never seen SELL in your dictionary
It's always BUY BUY BUY

onegentleguy:
Don't think he was referring to the coys EPS.
@ Rabbi is forecasting that STERLING BANK will soon trade for 35k in the course of time.

Now that would be beyond miraculous!

Regards

RabbiDoracle:
It is a 35 kobo stock las las.

Agbalowomeri:
Why stress yourself when there more solid companies that will give you better overall results, doing just one trade in a year

Agbalowomeri:
Oga so your broker no dey collect commission

Ginalex:
Please is it possible that WAPCO made a mistake of not deducting WHT from their dividend payouts? If it's not a error, please can someone help with any document that throws more light on why WHT may not be deducted from dividend? 🤲🤲

Zagee:
This is what volatility looks like. Somebody was confusing it earlier.

currentprice:
https://doclib.ngxgroup.com/Financial_NewsDocs/38369_DANGOTE_SUGAR_REFINERY_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

locodemy:
https://doclib.ngxgroup.com/Financial_NewsDocs/38356_GEREGU_POWER_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

How and why did they value this stock so high?

irookie:
Good afternoon house.
Please how do I make application for my stock dividends to be paid directly into my bank account?
I need a guide from someone that did his/hers recently.

Thanks

Slash1234:
Hello house, please I need advice and guidance i have like 10m and I want to buy share of a thing and I don't know how start or where to start. Pls I will appreciate of any suggestions or comments. Thanks.

emmanuelewumi:
Who can help me with annualized market return of NGX in the last 5 years

Laso09:
As long as subsidy is removed, it will make little difference either we have a working refinery or not.
The difference in price will only come from shipping and logistics.