₦airaland Forum

OgogoroFreak:
Well, Beauty they say is in the eyes of the beholder.

Haa, appart from the hairy chest, the lady in d pix looks like Mona Lisa.

emmanuelewumi:
A bi oo.

The seller and buyer must get the permission or approval.

The seller wants the highest price, but it is the buyer that needs to be careful. Even if you want to pay the highest price for the acquisition and it is not approved by CBN, you have to back down.

After such acquisition the license of the bank can be withdrawn by CBN. Most of the top bankers have skeletons in their cupboard and CBN can make it public at the right time.

Otudeko that was recently shown the way out, ought to have been sacked from the board of First Bank more than 20 years ago. We all know how First Bank lost $100 million about 20 years ago in the Investor International Limited acquisition of NITEL. And he was involved in the deal.

Rather First Bank sacked the CEO of First Bank ie Bernard Longer, but other board members who approved the loan which included Otudeko were left alone.

Zenith Bank and Access Bank had been in discussion with Union Bank for months. But from no where, without any clue Titan became the buyer.

Jim Ovia started his banking career at Union Bank Oba Akran branch Ikeja in 1971. Succeess is the best firm revenger. It had always been his plan to buy the company he once worked for.

Wole Oshin started his career at Crusader Insurance. His greatest achievement is when his company Custodian Insurance bought Crusader Insurance and he Wole became the oga of his former bosses.

You are well read and informed. You sound like my Pops and his friends back in the day, before the Internet era. Always discussing politics, quoting dates and historical events leaving me wondering how they came to know all these things.

Not for me sha, I have a very poor memory for dates and long facts. I like calculus and math better.

OgogoroFreak:
Intelli gini?

An intelligent person won't be survivig by hookup.

How do you know the gender behind the moniker? If indeed Lazyyouth4u was a lady I did be very impressed. I have been here on this forum quite a while and I can count howmanay ladies with such insights and confidence. To be honest zero.

I hope she fine too.

jabolo:
Agreed. Society as a whole (not individual self-interested investors) benefits when Government borrows at the lowest possible price out there.

There is too much premium afforded between the market clearing priced (but nonetheless over-subscribed) TB rates and FGN bond rates. For the same underlying credit risk.

For instance, if the Sukuk were priced at 11.5%, it would still be oversubscribed. Some people here might choose not to invest, which is good as that money would go directly into the productive economy.

In my example above, there is absolutely no need for the Govt. to leave that 130bps on the table, rewarding rent-seekers*.


* Of which I am one, by the way.

How does the FG set Sukuk rates? Why not 10% or even lower? Do you think they set arbritary values? The so called "institutional investors", where they involved in the interest pricing?

More questions, the interest on loans from banks is about 11 to 10%, why not 15% or even 20%? After all needy borrowers will still collect those loans at 20%.

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jedisco:
My issue is why the government still retains such high bond rates even when it's obvious they'd still be oversubscribed at much lower rates. It doesn't just add up. Imagine lending money from your bank and also asking them to increase the lending rate because you're feeling generous.

Even if the overall value that comes from such projects well exceeds the payout, we know that would not accure to the government directly to facilitate payouts. Every country prints money- this has become more obvious with COVID. How they use such money is what differentiates sensible nations from others.

I have reattached a snapshot of 10yr bond rates of different nations. Some are in the negative (i.e folks pay to hold bonds), some well in the positive. Irrespective of whether it's a chicken or egg scenario, one thing is clear- the performance of the national currencies with the highest paying bonds tend to be abysmal... The profits may look good on the surface, but the maths will always add up.

First, given the current realities on ground - the weakening exchange rate, 2 digit inflation etc - will you put your money down for the next 10 years or more at 3% or less per annum in Naira? Please, answer me, will you?

You know, the people who organize or set these rates are not illiterates, sometimes we should cut these people in authority some slack, some of them are well educated professionals in their field.

Plus, I don't like to simply compare numbers without thoroughly analysing "the other factors".

Did u compare things like;
1. Inflation rates
2. Currency exchange risks
3. Stability issues
4. Risk of default
5. Interest rates

All of the above and more for d next 10 years or more.

jedisco:
In summary, while we reap the fruits DMO bonds at rates which we know are detrimental to the economy given that the interest is practically new money printed out of thin air, let's not come back and blame the poorer masses who would bear the brunt of our profits when in the coming years when inflation continues to keep above 10%.

Maybe, or maybe not. If and only if the bond revenue is used for what it was mapped out to be used for. I remember seeing on the DMO website what projects the collected moneys would be used for.

For example,what the roads that will be built will return in value creation, if done well should exceede the coupon payouts.

emmanuelewumi:
Why you delete your message, if you no believe in religion for Naija e go hard for you to get wife or in-laws ooooo

I dey hide my true color.

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needful:
God bless you immensly sir. I had plans to invest all my coupon in real estate, amazon, google etc. Your advise few yrs back has been steadily paying. Thank u sir

Remember to also enjoy ur sweat every now and then for the future is uncertain. If the "trumpet" was to be blown today, some of us would miss out on a lot of things within our reach.

Yellowjackets is worth watching. Interesting story and it seems there are supernatural elements at play. Looking forward to episode 6.

dobnina:
Answer the questions
Yes or No
That's what we want to hear.

You came on too strong. Stock investing or even any other investment is similar to choosing a partner. Same way, you wouldn't want anyone impose a partner on you simply because it is appealing to them or not.

@texasux some other questions would have yielded some answers? E.g

What is ur opinion on the MTN PO and its long term prospects? Or
What do you think MTN true value should be? etc.

Itsrm:
Been doing it for over one year

The first vehicle cost 1.9. The second, 2.2 and the last 2.4

Two drivers pay 25k weekly. The last one pays 30k which will be reviewed to 25k in January.

I don press calculator finish, the last vehicle will take more than 2 years to break even @ 25k, even @ 30k - returns about 400k.

25k * (52-5) weeks/year * 2years = 2.35M assuming 5weeks as expenses and holidays.

Conclusion: Naira devaluation don dey spoil ur biz.

onegentleguy:
Pls kindly note that I didn't call out Mr current price.
He simply gave his take on GSK and like every other time when someone had given their views in a constructive and sensible manner, I respect it.
...so that bro has done nothing wrong pls!

I know what I was talking about.
But no point laying too much emphasis on it.
It's a light matter... I am not upset... I have since moved on! Pls do the same.

Do take care.

Why do I feel like I am being intimidated into stifling my opinions.

The market yet to recognise its value, more than a year now. I did rather keep an eye on it while my money is earning returns elsewhere, till the market begins to show interest.

Did I mention that "Simply Wall St" claims that GSK true value is about 221.4 (97.4% undervalued)?

pizapato:
You can block your SIM permanently from USSD tho. And you will still be getting alert.

You can turn off all online transaction including ATM withdrawal/transfer from within the app with FirstMobile.

pdozie:
Please, for these models -- 2>3>1 and 3>2>1 is there any article or book(s) you recommend that gives indepth understanding of how to apply them

Maybe a degree in finance or an MBA.

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onegentleguy:
It's alright @ current price. ...I do understand your concern.

Think I've tried to put certain lines about the financials of GSK and FIDSON in the light.

Again, earnings does not tell the whole story. ...infact, it tells only a little if you desire to effectively check in on the value-driven potential in a coy.
Which is why the income statement (which houses a coys earnings stand) is of a much less importance when compared to the BS and SCF. ...there's a good reason for that.
I have always said this much.

But let's just continue to align with what we believe in and believe in what we align with. Time will take care of the rest.

Do take care of you bro.
Regards

Interesting stuff, though, I see a lot of abbreviations, guess most of it is domain knowledge.

I guess a stock remains undervalued until the market sees what you see. In other words, if ur valuation methods are too complex or unpopular, the stock will remain untapped until it starts showing the more popular signs.

If so, one should also consider the time value of money.

Foodempire:
You can say that regarding fixed investments, not business. Some businesses pay well, i earn close to 65% in my business annually.

For a relatively small business, 65% annually is not too much, that is about 4% monthly (compounded).

It is better to light one candle than to curse the darkness.

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Labadi69:
Another motivational post that the poor man dey use to console himself

The best math any man can learn is to learn the best hustle wey go help bring you money to sustain your future. Make una go hustle and stop all these yamayama motivational quotes

Your tackles assumes that motivational messages are for the poor non-hustlers alone, maybe, because you see the world from a poor man's view, nyamanyama and baldheads.

What if the audience was very OK financially "today" and already making good money from their hustles.

Are bad decisions like overspending and poor or no investments made by non-hustlers only?

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emmanuelewumi:
Do you know of any share reconstruction on NSE that didn't lead to value erosion and wealth robbery?

Potentially Losing a whole 50% plus of my capital is toomuch in my opinion. This is crazy. Fùck Mansard.

emmanuelewumi:
Click on Axa Mansard.

The transaction history will show your purchase, sales, bonus and share reconstruction with the dates of the transactions

OK, I did that.

On the 17 Sept I had a standard deposit approval of "X" Volume of shares. Again, on the 22 Sept I had a standard deposit approval of same "X" Volume of shares.

While on my Portfolio only "X" Volumes reflected. Not only that, if d "2X" Volumes were to reflect I would still be down 20% from my buy price on 25 January. Doesn't make sense to me, something is wrong.

emmanuelewumi:
I experienced similar issue.


Check the transaction history of your Axa Mansard shares on your CSCS online

I can't find transaction history on CSCS portal, but I am pretty sure I haven't sold d shares. Pls, did d restructuring result in loss of value, over 50% ?

emmanuelewumi:
The original stock was reconstructed, you should have a reduced number of shares

The one from CSCS is the authentic stock position for Axa Mansard

Really, but the one on d CSCS is less than half my original stock value(I mean in terms of cash). Did mansard lose that much value since February this year?

If you held mansard through the restructuring period, I advise you check whether you have similar issues.

emmasoft:
In addition to @emmanuelewumi post, please note:

Your trading platform from your stockbroker is basically for trading stocks. What is reflected there is your purchases and sales.

The content of your holdings in the broker's platform is not an official statement in the capital market.

The only document officially recognized to show your shareholding status is your cscs statement which you can get by request from your stockbroker or by subscribing annually to cscs plc.

Bonuses are not reflected on your trading platform and crediting of bonus shares into your cscs account is done by the registrars through cscs plc.

Your stockbroker is only giving you a platform to access the trading floor of the exchange. They don't credit shares, all shares are domicile with cscs plc.

Whatever quantity of shares you have on your cscs can be sold on the platform or by mandate as already stated above even if it's not reflecting on your stock trading platform.

OK, I renewed d CSCS account and discovered a potential glitch. Under "My Portfolio" as well as "Analyse my Portfolio" the MANSARD line reflects only the received bonuses. I don't understand what happened to the original stock.

So, I go into Morgan Capital and under "Portfolio Valuation(summary)", I see both stock(the one I bought with my money) and bonus stocks.

I have mailed them and yet to be attended to. But why such errors?

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Accelerated depreciation, does it apply to Nigeria? Do u use it in ur valuation models?

I heard it is a way to defer taxes by increasing depreciation of an asset at early stages and reducing it later.