₦airaland Forum

Agbalowomeri:
Don't worry, follow me for back make we queue for Aradel at N155

Aradel faithfuls still get thick skin, If you try this your joke with the other one

Babygal2020:
I just read it. Omo. Which kain wahala be dis? What do you think my boss?

You hold dollar cash

Babygal2020:
Okay my boss. Mey I shaa calm down cos if I sell am and e come later rise, e go pain me

https://www.nairaland.com/8255041/forex-fg-gives-9-month.

Maybe your apprehension is being fueled by this news.

Health3:
Market is unpredictable but also seasonal. At this season, it may trade sideways for a while but must trend upwards overall. If in doubt, ask Agba

The market is no respecter of anyone.
There is nothing like must in talking about the market.

Health3:
All these people rushing to sell will soon rush back at higher cost

The market could be unpredictable o.

Agbalowomeri:
You don abandon your 1M21B challenge?😂

Na when bear comes will go hear plenty story of how stock market is a scam.
Everybody is a pro now 🙂

Streetinvestor2:
Lol I was not expecting ellah to turn positive. I was expecting it to reduce loss.why is admin cost swallowing every thing for personal cost I understand in Agric business

Be like they are not having any revenue yet or na me no see well

emmanuelewumi:
Instead of thinking or assuming, why don't you divide the PAT by either 10 billion or 40 billion and see what you will get?

Transcorp has a way of confusing people.
Should the PAT be profit for the period or profit attributable to owner of the parent

Blaqq2:
you must have a lot of capital for not being greedy



on another note i heard in another forum that if you dont have 10m+ stocks is not for you?
is that you guys philosophy too?

Is returns on investment not measured in percentage?
The stock market is for every single person who is ready to put in the work and ready to learn and not about the size of investment.

chillykelly86:
The portion of the new shares that will be credited to share capital is the nominal value, the rest will be credited to share premium. Eg. If they issued 8b new shares of 50k each at #2.50k. They would have raised approximately #20b. #4b will be credited to share capital (8b × 0.50k) while #16b will be credited to share premium account.

Thanks for the explanation.

phadriz:
All shares capital are put in the balance sheet at book value while the excess will be reported in share premium. According to the Q3 account. Japaul issued additional units of 8,000,002,000 shares which generated a premium of 13,960,000,000.

Please note that each shares book value is 50kobo, that is why you see 4B increase in share capital.

Ok, thanks.

phadriz:
The information has been in the public for a while na

I know they raised capital but I think that is reflected in the issued share but this share premium of a thing is what I don't understand

Redoil:
https://www.nairaland.com/8249457/nnpc-weighing-options-ph-refinery

another big opportunity to sell the refinery to OANDO for peanut and it will start working immediately

I for one will not care if that refinery is given out free to anyone.
Government should just stop spending money on that crap.
Just look at how much the country has wasted on that project since yaadua revoked the sale to dangote.

phadriz:
It wasn't defined, may be we can get it from their site.

I noticed people started buying big volume today after the the result.

Same thing is happening with Stanbic IBTC.

What is cooking oooo

As you said you be accountant.
Any explanation about japaul gold share premium that moved from 16b + to 30b + effectively turning the negative equity to positive one??

Streetinvestor2:
It would have been a good news if they are saying the truth but it is a big lie.That cbn guy and finance guy got thr blessings from Muhammad lair the formal minister of information
The reserve can not be going up without impacting the exchange rate positively

Foreign reserve is not what a country can lie about.
The best they can do is to play around the net reserve which exactly is what they are doing.
Yes reserve can be going up and the exchange rate will be deteriorating as long as the cbn is not ready to commit it's reserve to defend the naira.

Sunrisepebble:
New listing

How do we get access to their financial statement of account?

ositadima1:
I read about someone who sold family land to fund his betting habit, and it made me think about why people gamble without understanding the mathematical concepts behind the offered odds. If you're familiar with the concept of expected value (what you would theoretically win per game if you were to play the same game millions of times), you would know that all games offered by betting sites have negative expected value.

Let me explain: each game is forecasted by a team of analysts and mathematicians who arrive at likely probabilities for the betting outcomes. This forecasting is ongoing even while the game is being played, which is why you can see the odds change throughout the game. The experts forecast the probabilities and then do something clever – they adjust the odds so that your expected value becomes negative before setting the final odds you see.

For example, if the odds of a coin toss getting heads is 50% (equivalent to odds of 2.0), they will adjust the odds to be equivalent to 55% (odds of 1.8 ). Instead of winning 1 naira whenever you win, you get 0.8 naira, effectively losing 0.2 on each game – and this assumes you're as good as their analysts.

The best way to approach betting, in my opinion, is to treat it like a lottery: bet nothing more than 100 naira on multiple games ticket and target big payouts, unless you believe you're better at analysis than their team of educated analysts.

Let me share my experience: before I went down the betting rabbit hole, I used to bet frequently, starting from virtual games with the martingale system to betting large amounts on single games. I lost over 2 million naira in the three years I was doing it around 2016 – money that I could have invested in the stock market instead. Some of my posts from those days are still on the Nairaland betting thread.

You still lost money to betting with all your ability in mathematical calculations

Mpeace:
Which country has world bank ever helped out of poverty.
When Greece, Portugal, Spain etc had economic crisis, they did not consult niether did world bank offer any policy directive. These countries used tax holidays, subsidies and incentives to revive their economies.
But world bank will only come when its africa, ask us to tax our people the more, give us loans (which they take 45% of as consultation fees) and encourage us to carry out policies that only ensures we remain slaves to Europe and america. Like we are ccurrently mortgaging our oil or loan.
I remember when Dubai was coming up, they totally rejected world bank policies and as a result they got all the condemnations and insults from world bank, IMF and the rest. Today UAE is doing so well. Same with many otjer countries.
As long as we keep working for world bank and other international monetary funds we will keep mortgaging the future of this country to them, we will remain where we are and they will keep praising us.

Working for world bank?
Do we even need world bank to tell us to do some of those things?
World bank is simply telling us, Don't spend the money you don't have.
Does it make sense for us to keep borrowing money to pay petrol subsidy and defend our currency?
What is wrong in telling us to generate more money?

Omooloriredade:
CI Leasing - The market is not expecting a good Q3 result? Q1 & Q2 looks good to me.

Disclaimer - Not a recommendation to buy or sell.

I think something is not right with that q2 in my opinion.
The profit is only good for the company but very poor with the group .
Since its the group that is listed,the results might not be good as some people thought.

Mpeace:
Make una see oh. This them want drop our seplat price oh. How person go sell 90k units at reduced price, just at once. See me see trouble.

No be 100k units them dey take move price

Streetinvestor2:
Lead by example. Update them the screenshots of the ones you have been buying at current price recently...lol.

A good company doesn't need marketing before people buy its shares.
Let oando release a good and timely financial reports and see how many will rush to buy the shares.

Raider76:
https://www.thecable.ng/taiwo-oyedele-nigerians-earning-above-n1-5m-monthly-will-pay-up-to-25-personal-income-tax/

No big deal.
People who are earning less than 1m are already paying close to 20% personal income tax.

Sunrisepebble:
Yes, they had significant tax and deferred expenses and that is the projection for FY24. About a 72% effective tax rate

Thanks for your input. Do you have an idea how long they will have to be doing that?

Mpeace:
I got this excellent aradel/seplat analyses from facebook. This guy does exceptional stock analysis. I think he is worth following. I do not know if he is here.

But how could SEPLAT have a PBT of 244b and a PAT of 68b? Does it mean they paid about 70% of their profit as Tax?

KarlTom:
Q1. ₦101.3 > ... $0.08

H1. ₦480.7 > ... $0.29

Every mallam to his kettle...

I think what you posted here was the EPS before the share split.
The current os cannot give you that eps.

Shalom428:
It's not too much if the system works. It's not too much if the tax will be put to work and not embezzled. The government only wants to expand the tax bracket so as to have more money for their lavish lifestyle. Senators SUVs , Presidential jets and so on. It is never in the interest of the populace

And how many companies can give 80% in less than a year on NSE ? And if you are planning to be cashing out in less than a year , you are a potential jijoist. An average investor eyes 5 - 10 years

Nigeria is not stable enough for this kind of policy. Like I said earlier, it will collapse the market cos their will be mass exodus of investors.

The market will not collapse because of capital gain tax.

ositadima1:
Is VAT on commission not a tax? Capital gains realized from selling stocks are subject to a flat 10% tax paid to the FIRS. So, have you been remitting the 10% capital gains tax to the FIRS? Please don't tell me you are a criminal.

You mean you have been paying capital gain tax of 10% to FIRS??

Omooloriredade:
Hopefully you understood my post.

Now, you mind showing me the fair share of taxes of your capital gains have been paying all along? You don't have to show the value the categories will do.

Sample below:

Maybe he is equating VATon commission to capital gain tax

OakPearl:
Please make me understand why the N9 billion will not dilute the existing OS prior to the private placement.
Was it a loan facility or equity financing?
Maybe I’m missing something.

If you want to buy any stock,do your own due diligence.
There is no need to argue with some people on matter of facts.
The 9b+ share through pp will be added to the existing shares which might not happen immediately and will be listed accordingly.

ositadima1:
Lol, in fact, Dangote will be our savior and also save the Tinubu government. In 2023, refined products accounted for about 35 to 37% of Nigeria’s total imports in dollar terms (according to the Nigerian National Bureau of Statistics).

Unless something else fills that gap, the dollar is bound to fall. If the dollar falls, the $74 per barrel will cost Dangote and other refineries less, which means lower costs for us as consumers. I haven’t factored exports of refined products into this, but with Bua and many smaller refineries expected to start operations soon, I’m hopeful.

We all want the naira to appreciate but we should also be realistic with our expectations.
Yes, import bills will reduced but so also is our export earnings from crude oil.