₦airaland Forum

lol.... Nothing is free even in freetown.

If na just the cars they go take over you for nor mind but I know when you think about madam, the China go look really bad. lol

NL1960:
Bailout will be the best bet because if i go for IMF loan, i will be told to remove all family subsidies like drinking water, three meals a day etc before the loan is granted. If it is China loan, i will get it at 0% interest but China go insist on sending her people to my home to manage it and if i cannot repay, they will take over my family.

Lazyyouth4u:
Disappear ke? The way you disappeared for months after I exposed you and your audio ways last year? . Me I’m just a lazy youth with all the time in the world. So I dey kanpe

Meanwhile, na for this Ramadan period you dey find trouble like this with this and your alternate moniker? Eyah, I must have hurt you so deeply.

See as I just dey look you

I hope you take permission from Ahiboilandgas before this picture went public......Wetin I know sef.
Mennnn...... this new brand of weed wey I change to strong die.

arduino:
I hope you take permission from Ahiboilandgas before this picture went public......Wetin I know sef.
Mennnn...... this new brand of weed wey I change to strong die.

E be like say na that new weed dey do you true true to be making such assumptions. Where on earth did I say it was his picture

Make una dey fear God o...

What was the primary treasury bill rate for 14 April 2021 please

Emndy:
NTB

So I just got my upfront interest from Zenith Bank. What I received was about 7.48% even though CBN quoted rate is 9% for 364 day Tbills. Please is there any explanation for this? Are the banks supposed to issue below the CBN quoted rate?

That thing is jobless and the notice me type.

Educationalserv:
why Answer? where you quoted ?why are you exclusively on treasury bill thread only ?you call treasury bill petty but outside treasury bill thread you don't contribute to any other topic on nairaland

talktofemi:
Here...

http://library.lol/main/E592201B04D5C739928E901333C590C1

Click on GET.

Thank you.

izmercy:
Thank you.

Let me give you an advice. Don’t you ever ever ever click on any download link you see on this NL.

You can thank me later with the usual insults

Lazyyouth4u:
Let me give you an advice. Don’t you ever ever ever click on any download link you see on this NL.

I will accept the usual insults as thanks

LOL...i am not going to insult you. What you you said is 100% valid!

Thanks

If federal government is printing more money as edo state government claim, what is the cost implications of it against cost of tb rate?

Is it cheaper to print 60b than issueing tb given the prevailing tb rate that's likely to hit, 10%

alphascorpio:
So I just got my upfront interest from Zenith Bank. What I received was about 7.48% even though CBN quoted rate is 9% for 364 day Tbills. Please is there any explanation for this? Are the banks supposed to issue below the CBN quoted rate?

Stanbic was 8%

talktofemi:
Here...

http://library.lol/main/E592201B04D5C739928E901333C590C1

Click on GET.

Much respect!

just2endowed:
If federal government is printing more money as edo state government claim, what is the cost implications of it against cost of tb rate?

Is it cheaper to print 60b than issueing tb given the prevailing tb rate that's likely to hit, 10%

All governments print (create) money.
All governments have been printing money more than usual this covid period.
That's where The U.S is getting its 2 trillion stimulus money from and where the UK found its 450 billion pounds for its Covid spending.
It's probably easier to do than to start taking people's money again by way of attractive TB interest rates, even though no matter how abysmal the TB rates, very few people have the energy to invest into the so-called real economy.
The trick with QE is to manage the money supply so the creation of new money doesn't crash the currency Venezuela style, which, considering the incompetent people in charge of Nigeria, is always a clear and present danger.

New money meet old money

emmanuelewumi:
They have been making loses for the past 4 years, the sector is highly competitive

The duties, taxes and levies introduced by Buhari is killing the sector. Upon the reduction in profit margin, staff costs are increasing.

Except you are a trader, I don't think an investor who wants to live on dividends will have this stock in his portfolio.

Though I don't have details of the financial performance of the company, one would think that for such household names, they should at least be able to maintain the price of their stock overtime... Even if its relatively stagnant. Or at worst, bleed slowly. I really do think that apart from their poor earnings, there's some degree of price manipulation going on there

Most new folks in a market, will gravitate towards known popular companies as they'd think they'd likely be be in business for a long time.

jedisco:
Though I don't have details of the financial performance of the company, one would think that for such household names, they should at least be able to maintain the price of their stock overtime... Even if its relatively stagnant. Or at worst, bleed slowly. I really do think that apart from their poor earnings, there's some degree of price manipulation going on there

Most new folks in a market, will gravitate towards known popular companies as they'd think they'd likely be be in business for a long time.

When a stock that used to pay a dividend of N6.00 per share in the past is now struggling to pay a dividend of 50k infact stopped paying for some years now it is a matter of fact the market will punish such a company.


We should know that before a stock price, there is a company that is rendering a service or producing something.


Oando that paid dividends of N4.00 per share in the past, was punished by the market due to bad management, poor risk management, high optimism by management without considering the downside, high valuation of the acquisition of certain assets by management that are now found to be bubble assets etc.


It appears the former East African CEO of Guinness Nigeria does not understand the business environment of Nigeria and they are paying dearly for it.

Unilever also made a similar mistake which they have not recovered, the Ghanaian CEO invested the company resources building plants in Ghana which will serve the Nigerian market. The plants in Nigeria were gradually closed down or producing below installed capacity. When FG policy decided to close the borders the company suffered dearly and they have been making loses back to back

afroxyz:
I know you wouldnt touch NSE with a 10-ft pole

Not necessarily... I'd trade in any market I understand and one that also has a bankable and tradable structure that has been proven overtime...

I'm just being open minded... New people in the market could come across your post and rush to buy Guiness stock thinking its a good performer and hoping it'd continue to rally upward. Very few will bother to look at what its historical performance has been. Of those that look, some will still buy hoping to be the heroes that bought when the stock was 30 naira and looking and hoping for the days of 200 so they can brag about buying the lows-

The fact is that momentum is hard to break in markets, moreso one that has gone on for over 5 years... Just by historical performance, its much more likely that Guiness stock will sell for less than 15 in the coming years.

Following your initial post, it dipped over 30%.. of course markets have pullbacks which are generally healthy for a rally. But that just puts things in perspective for someone who rushed in then. Given the company has been posting losses as above, one would wonder why the stock price rallied so much... Or was it just some manipulation?

A similar narrative was shared a while back about the NSE being the best performing stock market worldwide. Of course people hung onto that forgetting that the article was based over a year which is a very short time in large markets... Though not as bad, that narrative is similar to whats going on with Guiness

emmanuelewumi:
When a stock that used to pay a dividend of N6.00 per share in the past is now struggling to pay a dividend of 50k infact stopped paying for some years now it is a matter of fact the market will punish such a company.


We should know that before a stock price, there is a company that is rendering a service or producing something.


Oando that paid dividends of N4.00 per share in the past, was punished by the market due to bad management, poor risk management, high optimism by management without considering the downside, high valuation of the acquisition of certain assets by management that are now found to be bubble assets etc.


It appears the former East African CEO of Guinness Nigeria does not understand the business environment of Nigeria and they are paying dearly for it.

Unilever also made a similar mistake which they have not recovered, the Ghanaian CEO invested the company resources building plants in Ghana which will serve the Nigerian market. The plants in Nigeria were gradually closed down or producing below installed capacity. When FG policy decided to close the borders the company suffered dearly and they have been making loses back to back

True markets can be quite irrational in both directions and once a narrative takes hold, it's difficult to break. Quite a number of large names are struggling which is not unusual in any market...

That said, what group of NSE stocks do you think are the better performers or unearthed gems?

Sailor1:
True markets can be quite irrational in both directions and once a narrative takes hold, it's difficult to break. Quite a number of large names are struggling which is not unusual in any market...

That said, what group of NSE stocks do you think are the better performers or unearthed gems?

I don't give stock recommendations but I can share the top 10 stocks in my portfolio


1. Zenith Bank
2. United Capital
3. Dangote Cement
4. Dangote Sugar
5. UPDC REIT
6. Access Bank
7. Okomu Oil
8. Airtel Africa
9. MTN
10. Red Star Express.


Basically for their consistency with dividend payments dividend growth, profitablity, earning growth and right valuation.

afroxyz:
Shares of Guinness have increased 74% YTD. Very impressive.

The market can over punish a bad stock because of performance.

A good company can be a bad stock, when it becomes over priced.

A bad company can be a good stock, when it becomes grossly underpriced.

The key thing still is to have a basic knowledge of business valuation.


A badly managed property at Victoria Island can be priced at N100 million. This is a bad property but a good investment.

A well maintained duplex on a plot of land in Victoria Island can be put for sale at N700 million. This is a good property but a bad Investment

emmanuelewumi:
A well maintained duplex on a plot of land in Victoria Island can be put for sale at N700 million. This is a good property but a bad Investment

Why is this a bad investment?

emmanuelewumi:
When a stock that used to pay a dividend of N6.00 per share in the past is now struggling to pay a dividend of 50k infact stopped paying for some years now it is a matter of fact the market will punish such a company.


We should know that before a stock price, there is a company that is rendering a service or producing something.


Oando that paid dividends of N4.00 per share in the past, was punished by the market due to bad management, poor risk management, high optimism by management without considering the downside, high valuation of the acquisition of certain assets by management that are now found to be bubble assets etc.


It appears the former East African CEO of Guinness Nigeria does not understand the business environment of Nigeria and they are paying dearly for it.

Unilever also made a similar mistake which they have not recovered, the Ghanaian CEO invested the company resources building plants in Ghana which will serve the Nigerian market. The plants in Nigeria were gradually closed down or producing below installed capacity. When FG policy decided to close the borders the company suffered dearly and they have been making loses back to back

I wouldn't call that a mistake per se.
A company cannot really be faulted for relying upon an international treaty such as ECOWAS to guide its business. It did make plans based on what it assumed would be its continued access to the Nigerian market. And the headaches of production in Nigeria are so numerous that some MNCs, even those who've been established in the country for decades, simply see the contrast between Nigeria and Ghana as that between hell and heaven, despite Nigeria's "larger" market.

Cyberknight:
I wouldn't call that a mistake per se.
A company cannot really be faulted for relying upon an international treaty such as ECOWAS to guide its business. It did make plans based on what it assumed would be its continued access to the Nigerian market. And the headaches of production in Nigeria are so numerous that some MNCs, even those who've been established in the country for decades, simply see the contrast between Nigeria and Ghana as that between hell and heaven, despite Nigeria's "larger" market.

Headache of production in Nigeria, but the revenue and profits from Nigeria is not giving him headaches. It is in junior secondary Economics that your production should be sited near your market

But that strategic mistake cost him his job, I think the new CEO is an Asian.

Lazyyouth4u:
Why is this a bad investment?

Maybe I should increase the price to N1 billion.


I guess it is over priced, not sure if he can get N30 million rental income per annum from the property

Free training for beginners in digital currency

https://chat(dot)whatsapp(dot)com/DY7PNHNhHz12hygLGWcLo6

emmanuelewumi:
Headache of production in Nigeria, but the revenue and profits from Nigeria is not giving him headaches. It is in junior secondary Economics that your production should be sited near your market

But that strategic mistake cost him his job, I think the new CEO is an Asian.

University level economics has it that you should a) always endeavour to seize all opportunities to drive down costs of production; and b) Exploit all avenues laid open to you on the basis of national and international trade arrangements (this is why globalisation has become an almost unstoppable force, with China and Asia virtually turning into the world's workshop/factory).

Of course hindsight is 20:20 vision, but who could have foreseen that Nigeria would one day be led by a government that has no idea of both economics and what international treaty obligations mean.

Cyberknight:
University level economics has it that you should a) always endeavour to seize all opportunities to drive down costs of production; and b) Exploit all avenues laid open to you on the basis of national and international trade arrangements (this is why globalisation has become an almost unstoppable force, with China and Asia virtually turning into the world's workshop/factory).

Of course hindsight is 20:20 vision, but who could have foreseen that Nigeria would one day be led by a government that has no idea of both economics and what international treaty obligations mean.

Moving 80% of your production to a location that is about 700 km and passing through 3 borders is a wrong move. Especially after spending hundreds of millions of dollars for the project.

Nigeria has a population of about 200 million people, Nigerian government and people deserve 90% or more of the jobs created, taxes, duties and levies paid.

European multi national companies have a lot to learn from their Asian counterparts.

The funniest part is that with the challenges faced by Uniliver the CEO's and management salaries were increased, staff cost equally went up. Not a good place to invest ones hard earned fund

The said CEO was Ghanian. It is hard to conceive that it was just a business decision and not based on some other reasons other than real business evaluations.

Cyberknight:
University level economics has it that you should a) always endeavour to seize all opportunities to drive down costs of production; and b) Exploit all avenues laid open to you on the basis of national and international trade arrangements (this is why globalisation has become an almost unstoppable force, with China and Asia virtually turning into the world's workshop/factory).

Of course hindsight is 20:20 vision, but who could have foreseen that Nigeria would one day be led by a government that has no idea of both economics and what international treaty obligations mean.

If you have people like that guy around you, they will frighten you out of any action you want to take in life and you will never amount to anything. That link takes you direct to the book, nothing unsafe about it.

izmercy:
LOL...i am not going to insult you. What you you said is 100% valid!

Thanks

ahiboilandgas:
New money meet old money

who is the old money.i can place the new money

emmanuelewumi:
Headache of production in Nigeria, but the revenue and profits from Nigeria is not giving him headaches. It is in junior secondary Economics that your production should be sited near your market

But that strategic mistake cost him his job, I think the new CEO is an Asian.

My oga, it wasn’t location of production facilities or border closure that were responsible for the losses that led to his sack.

It was drop in their revenues as a result of reduced lines of credit to distributors and write off of bad debts to these distributors that led to losses. He lost his job in 2020 based on 2019 results. Very little to do with border closure that happened towards Xmas of 2019.

By the way, fmcg companies (not just Unilever) were moving their production facilities to Ghana because of Ghana’s stable electricity and incentives the Ghanaian government was offering them. Electricity is a huge part of an FMCG’s cost structure and you were better off producing in Ghana and transporting finished goods to other West African countries.

Oga, we never hear from you in a while. Your insight has been greatly missed o.
[quote author=ultron12345 post=97342461][/quote]