Coolcash1:


The FPI guys have been avoiding our market since the beginning of Emefielenomics that has led to wide divergence in official and parallel market rates thereby creating overnight millionaires at the expense of overall national prosperity and absence of clear policy direction. To be honest there is nothing new in the report as the current lull in the market is a testament to low appetite of this guys to come in despite the cheapness of our stocks compared to other emerging markets prices.

Nigeria is at the brink of slipping into another recession and the only way out is uniformity of forex rates.

Meffy is not the problem.
Our problem is over reliant on oil as forex earner.
Until we wean ourselves from oil, we will always have this problem of devaluation anytime there is a crash in oil price/volume no matter who is CBN governor.

ositadima1:


Not quite.


Once again, I pulled Dangote Cement PLC annual reports from 2010 to 2019 and this is what i saw:

The big Five
Sales (revenue): growth (or contraction) for the last 9 years ==> 17.9% (Compound Annual Growth Rate).
EPS: growth (or contraction) for the last 9 years ==> 5.96% (Compound Annual Growth Rate).
Equity: growth (or contraction) for the last 9 years ==> 17.43% (Compound Annual Growth Rate).
Free Cash Flow: growth (or contraction) for the last 9 years ==> 21.95% (Compound Annual Growth Rate).
Long Term Debt-to-Free Cash Flow: 0.55 (pretty good)

Notes:
Not bad as per Nigerian standard. Though, Sales, EPS, and Equity slowed down last year (2019) at -1.06%, -48% and -8.99% respectively. I assume the harsh economy took a toll on the stock.

Next, Discounted cash flow (DCF) valuation

1.) Assuming 5.96% growth (EPS above) and 15% (MoS in view) rate of return projected for the next 10 years and then discounted for MoS. Buy price would be pegged at not more than 140.59 per share.

2.) Assuming 15% growth (Equity above) and 15% (MoS in view) rate of return projected for the next 10 years and then discounted for MoS. Buy price would be pegged at not more than 227.55 per share.

Conclusions: If you can snatch it at less than 140, u are very ok.

Also, better to buy when MACD, Stochastic and MA align and echo buy!







Due diligence applies as these numbers may be off the mark.

You are doing a good job, kudos.

ultron12345:
Take a look at this topic that made front page few days.

https://www.nairaland.com/6021726/juju-scare-should-quit-job

Like what we were discussing the other time.

Salary: 35K per month
Daily Allowance: 2K daily (40k- 48k per month)
Yet, he's stealing 50-60K weekly (200-240k per month) from his employer, and he said he's not the only one. Imagine they are up to 4 or 5 engaged in this act. The business is loosing N1M to theft monthly.

And the owner will be thinking buhari or village people are the reason her business isn't doing well, not knowing its the witches and wizards that she employed.

Nigerians are wicked. If this business fails now, you'll see the theives shouting "No job, No job". When they've killed all the businesses that were supposed to create jobs.

Another surprising thing is that such theft has even been normalized in the society. He said it so proudly, without a single iota of shame, and apart from one or two people, the majority of those commenting didn't even say anything about the theft. They're telling him to pray, and even him after stealing is still claiming to be a Christian. Another irony is how Nigerians can be so religious yet so wicked, evil and fraudulent.

Nigerians are the problem of Nigeria.
The reason most Nigerians haven't stolen billions of government money is simply lack of opportunity.
The population of Nigerians waiting to steal is greater than the population of those currently stealing.
The only reason Nigerians are angry at corruption by politicians, is because they're not the one benefiting from it.

It shall never be well with that OP. Hopefully, that his leg injury will turn into cancer and kill him. Bastard.

When I see/hear people saying Nigeria problems are bad leaders, I just laugh.
The whole system is rotten.

Princkez:
BUA CEMENT...CUSTODIAN INS....GUARANTY TRUST...which one of them

Likely to be Guinness.

mmsen:


You're picking one game from over 50.

I've watched this guy play since he was at Sunderland. He's decent but he isn't one of the main reasons for the league title success - Van Dijk and Alisson are for more instrumental. And in midfield Wijnaldum and Fabinho have both been consistently better.

It clearly shows that you have not been following Liverpool keenly.
People have given you some statistics about why hendo is important but your bias against him will not let you acknowledge that.
Allison,fabinho and wijnaldum missed some games and how many of those games did Liverpool loose.
Compare that to the matches that hendo missed,one cannot but see his importance to the team. His latest injury has even exposed and make them more vulnerable.
The most important player for Liverpool this year is Hendo if you want to argue the stat are there for you.

NL1960:


I do not know o. Google them and send a mail to them for the fees. They will oblige.

I hope you have not forgotten some of the things you posted earlier.
You said there were good schools that are not very expensive. Now you mentioned Loyola as one of them and you are turning back that you don't know what they pay as school fees. If you don't know the fees,why did you say they are not expensive

NL1960:


Ok. I no want chop ban as you never know what spam bot looks for.

(1) Loyola Jesuit Abuja (full boarding mixed)

(2) St Gregory's College SW Ikoyi (Boys only day and boarding)

(3) Holy Child College SW Ikoyi (Girls only day and boarding)

(4) Lumen Kristi Uromi, Edo state (Boys only full boarding)

(5) Presentation National High School, Benin (Girls only full boarding)

(6) Christ the King Catholic College(CKCC), Odolewu (Boys only full boarding)

(7) Louisvile Girls High School, Ijebu Itele (Girls only full boarding)

(8 ) Atlantic Hall Epe (Mixed full boarding)

(9) St Francis Catholic School, Idimu (Mixed day and boarding)

(10) The Lagoon school, Lekki (an Opus Dei school for girls)

(11) Jesuit Memorial Port Harcourt

(12) CKC Onitsha

(13) Marist Brothers Juniorate Uturu Abia state

(14) Whitesands School for Boys Lagos (an Opus Dei school for boys)

(15) Ambassadors college Ota (This is owned by the parents of the owner of Nairaland)

etc
etc
etc

NB: There are also several British and American schools but you have to pay in foreign currency for those. That is why i did not include them

Most of the schools you mentioned are not cheap o.
We all know Loyola Jesuit is good but can you tell us how much students pay per year.

ojeysky:


No I no wan argue,I just wan know and yes I never tey with following up actively on the market, I just see the alerts in the past without much attention to the technicalities.

Thanks for your response though I will say that the figures for 2018 and 2017 are different for march/April and August. I hope you won't say it's arguement but an attempt to understand why it is so.

Those third party analysts and sites could be misleading.
Always crosscheck whatever you see elsewhere with data on NSE website and company annual financial reports

Barrytone:
To those still leaving paying jobs to travel abroad on top harsh weather for greener pasture, may this pix not be your portion. This is France and Nigerians are hustling real hard. When they arrive naija with one convertible which is either stolen or bought with a decade long hustle, you that is living large here will feel oppressed. Be contented and increase your hustle. Most of us are better than them.

You can make your contributions without being judgemental.
Why are you not displaying the pictures of those who traveled abroad and are doing well?

RabbiDoracle:


Covid should have benefitted this company.

Most FMCG companies made tons of sales globally.

I think there may have been switch from seemingly high-end goods to cheaper alternatives. Instead of using toothbrush and tooth paste, they use a twig (pako).

In Nigeria, most of the listed FMCG companies will most likely be impacted negatively.

emmanuelewumi:
Is this correct? True or False

True, true!

Mcy56:

If we don't tell you the truth or correct some of your misconceptions about this JIJO thing, we're not fair on you nah.
If you want to jijo, make something that's a bit okay at least. 7 or 8% is even still better than 4%.
Jijo used to come with its stress and risks too, especially when your game is not in the bull period.
So play and stay safe.

I don't think there is anything wrong with what he is doing.
If someone is coming from background of trading forex or crypto, making 2% on a trade will not be a bad idea in stock market.

emmanuelewumi:



I guess they generalised based on probability and their personal experiences. Our country is a reflection of the citizens.

I think we still have honest, responsible and contented Nigerians, these set of people should be in the minority. I am looking at about 30% of our population.

My opinion though

If we have about 30% of honest and responsible people in Nigeria, the country will be better than this. By my own assessment and projection, we might not have more than 10% of such people.

1millionBoys:
My Tbills of 10m will mature in a few days'. In the absence of what to do with it, I am thinking of opening a Domiciliary account and putting it there at least to cushion the effects of further naira devaluation/ depreciation.

What do you think?

And which bank is best for domiciliary accounts.

Cc
Ahiboilandgas
Emmanuelewumi
Fairfora

Sholapey
Benzboys

Etc

This is not the time to buy dollar and keep in a domiciliary account.
This is the time for speculators, many will get richer while many others will get poorer.

DexterousOne:


What I meant

Was that in the books of the registrar

The name of every shareholder will still be in it as at a particular date...

And as for cash balance with the broker


That one is AT YOUR OWN RISK

Buying from app is different from buying through a registered broker.
I don't anyone can answer what will happen to those shares if those apps go burst.

LandMann:


Thanks a lot bro. Please quick clarification, what I want to do is transfer naira to my naira account then use the atm of the naira account to pay for the item... Hope I don't need to go open a dorm account with USD denominated atm card before I can pay for the item or spend up to this limit?

You don't need a dorm account for this.
A naira account with visa/MasterCard profiled for international transaction will do.

LandMann:
Hello. Has anyone recently paid for an item in USD online using his or her ATM naira card? How much were you charged? I want to pay for a course online and I want to know what rate my bank will charge me and go for a bank that charges less...if they all charge different rates...

Please say your bank name and how much you were charged per dollar. Thanks.

The rate is not constant but I will give out the ones I have used this month.
FBN 391 , maximum of $500 per month.
Zenith 391, maximum of $530 per month
GTB. 390, maximum of. $500 per month
Stanbic 420, maximum of $1000 per month
Fcmb. 426.
Access, 445

sellers4buyers:


I have some of this info. But I want to clear the air, my major post is not to seek for funds to trade. It's a backup fund I need. But if you want to deal with me, I have a way I do my biz, I will share with you through any electronic means of your choice, if you are okay with it, then we can deal.

I think you have a good idea and you understand what you want to do.
Getting funds from people on this forum will be difficult.

I will advise that you keep going at your own speed by doing it yourself with your own money.
Don't be discouraged, with time it will get bigger.

Towma:
Please who knows how secure trustbanc microfinance bank are?
I wanted to place some money in their fixed deposit and I dont want to lose it.

Search for their financial performance for the last five years and analyse it.
And if you cannot get that,just don't do business with them.

ositadima1:


It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

A young lecturer in Nigeria does not earn 300k as salary .

ahiboilandgas:
The name digital agriculture alone look like scam to me very unreal .....if we want to dp agric let cultivate 1 hectar of rice for x amounts,harvest x amounts of rice , mill and purity and make sale ....remove cost of production of the rice from sale to get profit ....if its 30 percents r.o.i then a firm can issue profits of 12 percenct to investors .....but any thing can happen ...flood ,pest , drop in price ,earthquacks etc ....so return is not guaranteed unless insured ....

That is how it is...sharing profit will be more realistic.
Nothing is guaranteed in agriculture in Nigeria.

emmanuelewumi:


Try forex or Digital agricultural if you get the liver.

Not for me sha

Most of those digital agriculture are ponzi scheme in disguise.
Anyone who has been into practical agriculture in Nigeria will know tha the returns they are promising are not realistic and not sustainable.

As for forex, if he can trade himself, good but if it is about giving money to some group of people claiming to be experts in forex trading, I will say no.

MrTour:
Do you mean cash withdrawals at the bank?

The amount you can spend with your card.

olujaidi:
I gather GT is rationing dollars now to $1.5k. can someone please confirm?

I don't understand your question.
If you are talking about limit, I think it is now $500 per month. Same with zenith and fbn.

BullBearMkt:

I suggest he should talk to you guys - The Fundamentalists, to know if the company's book & managements are still trustworthy...

You presented a balanced TA. That is why I always look forward to your analyses.

BullBearMkt:

If I may add 1 or 2 things to the earlier contributors, technically DANGCEM is closer to a long-term than when you bought it. There is no need selling it now. However, a break below 110 will be more dangerous, in that case the stock price might re-visit below 100.

And if it breaks below 110, what should he do

leo1234:


They didn't do anything different. All banks have been doing the deduction silently without alerts.

https://www.nairaland.com/5956839/access-bank-reverses-decision-stamp


Useless bank.

sophy17:



They are doing some things differently that calls for concern. Maybe not with you.
They have been deducting atm card maintenance fee from my account that I do not possess atm card. On one occassion that I went to my branch for another lingering complaint, I seized the opportunity to drop a letter of complaint. My money was refunded aftet 48 hrs only for them to deduct it again after 24 hrs.
Anyway, I am not surprised, as it has been their way. I stopped using my access bank ac many years ago. I only find myself in their trap again after they merged with Diamond and I immediately stopped funding the ac so they are only deducting the change left in my account.
I blame CBN for this mess. They are only quick to saction banks when it will generate income for CBN as against when it will benefit bank customers.

I was also with diamond back before access came.
I have not been enjoying their services since the merger. It is just unfortunate that I have most of my dividend mandated with the account.

leo1234:
Access bank trending on Twitter over stamp duty charges deduction.
Imagine getting debit alert of 10k for accumulated stamp duty charges.

They sent me that useless message that they did not pass on the stamp duty deductions to my account for the month of February to April.
They want to deduct the money now and I should therefore found my account.

Payunsin:
I have uba, zenith, fcmb, fidelity, jberger, wema, wapco, chams, ardova, wapic , honflour almost all at various losses in my portfolio. I am thinking about 2 options either I sell all, count my losses and run or sell all and use the proceeds to gamble only on Uacn. Pls advise.

I don't think you are ready for stocks.

Care4:
I'd be busy tomorrow in a remote location, is it possible to place an order this night or tomorrow before the market opens?

How do I do that on Morgan. I do it on my other platform, IOFS.


@mcy56 and other Morgan Capital user, please.

I don't use Morgan but I will make a suggestion.
Place your orders with your limits, adjust the number of days the orders are supposed to lapse from a day to at least two days.

NL1960:


Yes now but people that want to hype will tell you it is $1 to 1 GHS.

H