Having seen Ghana, for the sake of balance, CBN published this today.

thesilentone:
Having seen Ghana, for the sake of balance, CBN published this today.

They want people to use transfers. 2023 onwards will see many countries get onboard the digital currency train.

If you limit cash withdrawal, you can easily control paper fx transactions. That is the move in my opinion. Speculative buying of fx and tracking of all transactions via transfers thereby curtailing illegally gotten monies. And finally implementing the digital currency that many other countries will start.

Everyone will eventually sleepwalk into using e-naira. Paper will be a thing of the past.

After pandemic, Nigeria implemented e-naira. This isn't a coincidence. We are in the use-case scenario now.

thesilentone:
For Bond lovers ,could this happen in Nigeria?

They even quoted scripture

When you start quoting the scriptures in order to convince Investors, you should know say wahala dey

Is the ultimate goal a cashless society? I don't know if the country is ready for that given the high percentage of unbanked people

RabbiDoracle:


They want people to use transfers. 2023 onwards will see many countries get onboard the digital currency train.

If you limit cash withdrawal, you can easily control paper fx transactions. That is the move in my opinion. Speculative buying of fx and tracking of all transactions via transfers thereby curtailing illegally gotten monies. And finally implementing the digital currency that many other countries will start.

Everyone will eventually sleepwalk into using e-naira. Paper will be a thing of the past.

After pandemic, Nigeria implemented e-naira. This isn't a coincidence. We are in the use-case scenario now.

Wise Words!!!

onegentleguy:


But inside those "box of uncertainty" are some "wraps of OPPORTUNITY"!
Your job is to put every "box" through proper scrutiny and permute from the right ones.

Indeed it is well.

"There are basically 2 crop of participants in the financial market;
Those who understand the 3 words FEAR, CONFUSION and EXCITEMENT but also know that the first has to be 'a friend', the second 'a companion' and the third 'a suspect'... and then there are the 'Johnbulls' who only stop at understanding their literal meaning.
The market is configured to chastise the latter group!"
~Sinclair

"Between uncertainties, difficulties and failures is the many 'gift packs' from the stock market.
...and inside those 'gifts' are smaller 'packs' with obstacles but which are sealed with CRAFT.
Yet down inside, are even more 'packs' of OPPORTUNITY."
~Sinclair

essentialone:


Any build up info to this conclusion?

I AM GIVING YOU INFORMATION ONLY FEW PEOPLE KNOW

thesilentone:
Is the ultimate goal a cashless society? I don't know if the country is ready for that given the high percentage of unbanked people

Don't understand the intention of the CBN...
What's the essence of placing the cart before the horse...?
With almost 40 per cent of the population unbanked...
D best move is to first ensure they are captured...
Most agric produce in urban areas are moved from rural areas...
Whilst transactions are done on cash basis...
Dont understand how CBN wants middlemen to conduct businesses...
in rural areas with zero banking platforms, poor network coverage.... etc..

customstreet:



I AM GIVING YOU INFORMATION ONLY FEW PEOPLE KNOW

Thanks

Willie2015:

Don't understand the intention of the CBN...
What's the essence of placing the cart before the horse...?
With almost 40 per cent of the population unbanked...
D best move is to first ensure they are captured...
Most agric produce in urban areas are moved from rural areas...
Whilst transactions are done on cash basis...
Dont understand how CBN wants middlemen to conduct businesses...
in rural areas with zero banking platforms, poor network coverage.... etc..

At least more profits for banks and us as investors. More bank charges, the type dat dont require overhead, it goes straight to d bottom line.

Change is never easy, even when d change in question is much cleaner and efficient.

Total interim dividend

If enaira is adopted, (at least to the extent I understand enaira) then banks will no longer enjoy many of those charges they used to enjoy from our transfers.

ositadima1:


At least more profits for banks and us as investors. More bank charges, the type dat dont require overhead, it goes straight to d bottom line.

Change is never easy, even when d change in question is much cleaner and efficient.

customstreet:



Ardova is planning to delist from NGX

Does that mean an MTO(Mandatory Tender Offer) will be offered at higher share price than market share price to minority shareholders?

https://www.premiumtimesng.com/news/top-news/569649-dantatas-mrs-gave-nnpc-300-million-to-acquire-chevron-asset-to-receive-over-four-year-oil-supply-in-return.html

https://doclib.ngxgroup.com/Financial_NewsDocs/ETI_-_Audited_Accounts_for_Q3_2022.pdf

Ecobank

THIS IS THE OPENING PARAGRAPH OF WHAT WE SHARED IN OUR GROUP TODAY
For the Allshare Index we are in an area where the market has no option, but to retrace, so we need to slow down, but if for any reason we need to buy, we go for only the strong stocks. The leading stocks are mostly retracing or about to. Examples are:Airtel (likely to retrace), FBNH (on serious retracement, support is at 9.61), MTNN (currently retracing)

AI, Artificial Intelligence, has come a long way, I asked chatGPT how I can calculate the free cash flow of a company and here is its answer:

"The free cash flow (FCF) of a company is the amount of cash that is available to the company after accounting for its capital expenditures (CAPEX). The FCF is an important metric for investors, as it represents the cash that is available to the company for paying dividends, repurchasing its stock, or making acquisitions.

To calculate the free cash flow of a company, you need to first calculate the company's net cash flow from operating activities (NCFO), which is the cash flow generated by the company's core business operations. This value can be found on the company's cash flow statement, and is calculated as the sum of the cash inflows and outflows from operating activities.

Next, you need to calculate the company's capital expenditures (CAPEX), which is the cash that the company spends on acquiring or maintaining its long-term assets, such as property, plant, and equipment. This value can also be found on the company's cash flow statement, and is typically reported as a separate line item.

Finally, to calculate the free cash flow, you simply need to subtract the company's CAPEX from its NCFO. For example, if the company has an NCFO of $100 million and CAPEX of $50 million, its free cash flow would be $100 million - $50 million = $50 million.

I hope this helps! Let me know if you have any other questions."

This is mind-blowing

and then this one ; What Nigerian stocks should I buy?

its answer: "I'm sorry, but I am not able to provide specific stock recommendations. As a large language model trained by OpenAI, my primary function is to provide general information and answer questions to the best of my ability based on the information that has been input into my system. I do not have access to real-time stock information, and I am not able to provide personalized financial advice."

Bua cement has been seeing some activities over the past few days.

What is this movement on Pharma Deko and Prestige Insurance?

ositadima1:
Total interim dividend

Have you seen yours?

talk2me2:
Have you seen yours?

. Paid on 5th Dec

talk2me2:
Have you seen yours?

Yes, on d 6th.

ositadima1:


Yes, on d 6th.

I havent seen mine. I have contacted them anyway.
Too many hitches with this edividend thing

ojesymsym:
If enaira is adopted, (at least to the extent I understand enaira) then banks will no longer enjoy many of those charges they used to enjoy from our transfers.

U may be right...

"The potential impact of a central bank digital currency (CBDC) on the financial system is a subject of debate and ongoing research. Some of the potential impacts that have been identified include:

Disintermediation: A CBDC may reduce the need for intermediaries, such as banks, in the payment system, which could lead to disintermediation and a reshaping of the financial landscape. This could have both positive and negative effects, depending on the specific circumstances and the regulatory framework.

Monetary policy: A CBDC may affect the transmission of monetary policy, as it could change the behavior of households and businesses and their demand for money. It could also alter the relationship between the central bank and the commercial banks, and the central bank's ability to conduct monetary policy.

Financial stability: A CBDC may impact the stability of the financial system, as it could affect the level of leverage and the risk-taking behavior of financial institutions. It could also affect the stability of the payment system, and the resilience of the financial system to shocks.

Cybersecurity: A CBDC poses significant cybersecurity challenges, as it involves the handling of sensitive financial data and the protection of the digital infrastructure. It is important for central banks to address these challenges and implement strong security measures to ensure the integrity and resilience of the payment system." - ChatGPT

As stated in d passage it will depend on d regulatory framework adopted by d central bank. I feel that people will use both CBDC and traditional banking systems, but rely more on the later cos of other services they offer.

emmanuelewumi:
So why should SEC force him to sell. He can't be forced to sell and people with the means in Nigeria and abroad can't be forced to buy either

yMcy56:
All well and good.
In as much as the manipulation or whatever is making the minority shareholders laugh, it's fine and good.
Let him sha move the share price to N100 first........

June 04 2021 posts.
BUACEM closed @91.70 today!
Oga Emma and the Old CCNN investors here, E Ku market o.
My tashere Registrar's copy is showing +576% gain!
Could imagine what the long termers would be feeling like by now......
Think I've always prefer BUA to Wapco, though both are good. Maybe one day with 3xtra dose of patience, Wapco too may be able to make her investors also smile.

This Japaul will always be doing like Abiku.

essentialone:
"to review the Company's business within the context of current operation realities....." with our tail in between our legs?

Though I didn't grab what you meant by "tail in between legs" here, but let's keep eye on whatever they're coming with.....
Same way you were told about ARDOVA @circa 12.60.......
** Not saying you should rush to buy ARDOVA high if you didn't pick that time o. We don't have a clear picture of what's coming for now......
** Not saying anything will happen in UNILEVER either, just for us to be on the lookout in case.....

August 09.

essentialone:
Beware of Ardova Plc

yMcy56:
Time for us to keep following up on the back and forth btw Zenon Oil, Prudent and ARDOVA.......
Seems some dramas are loading here.....
We'll be observing from the sideline from now on.....

customstreet:
I AM GIVING YOU INFORMATION ONLY FEW PEOPLE KNOW

Looks like you're giving insider info.....thks.
If ARDOVA is planning delisting, then, this may not be too good for retail investors.
How much can they pay as exit price when they're already running at loss and also owing ZENON Oil substantial amount?
The delisting plan has K-leg for now.
Well, let's keep watching the drama as it's unfolding....

essentialone:
McNichols bonus shares received

At long last. A relieve right?
Think it's best left for medium to long term.......or until there's another good news to drive the share price.
**Overall/final decision is solely at your discretion**

yMcy56:


June 04 2021 posts.
BUACEM closed @91.70 today!
Oga Emma and the Old CCNN investors here, E Ku market o.
My tashere Registrar's copy is showing +576% gain!
Could imagine what the long termers would be feeling like by now......
Think I've always prefer BUA to Wapco, though both are good. Maybe one day with 3xtra dose of patience, Wapco too may be able to make her investors also smile.

Illiquidity helps in the share price growth. Only those who bought from the days of ccnn are enjoying good dividend yield on the price. At current price, dividend yield is very small

ositadima1:
AI, Artificial Intelligence, has come a long way, I asked chatGPT how I can calculate the free cash flow of a company and here is its answer:

"The free cash flow (FCF) of a company is the amount of cash that is available to the company after accounting for its capital expenditures (CAPEX). The FCF is an important metric for investors, as it represents the cash that is available to the company for paying dividends, repurchasing its stock, or making acquisitions.

To calculate the free cash flow of a company, you need to first calculate the company's net cash flow from operating activities (NCFO), which is the cash flow generated by the company's core business operations. This value can be found on the company's cash flow statement, and is calculated as the sum of the cash inflows and outflows from operating activities.

Next, you need to calculate the company's capital expenditures (CAPEX), which is the cash that the company spends on acquiring or maintaining its long-term assets, such as property, plant, and equipment. This value can also be found on the company's cash flow statement, and is typically reported as a separate line item.

Finally, to calculate the free cash flow, you simply need to subtract the company's CAPEX from its NCFO. For example, if the company has an NCFO of $100 million and CAPEX of $50 million, its free cash flow would be $100 million - $50 million = $50 million.

I hope this helps! Let me know if you have any other questions."

This is mind-blowing

We also have FCF for the firm and for the equity