₦airaland Forum

yMcy56:
November 10, 2021........

Though CP modified and added more to the post, the one wey concern me was the fair price of 230....think it was selling @160/170 or so... that time.

**Well, I must say here that it's not everything that CP says that I totally agree to........but will agree to the ones that align with my belief too**

CP, no recommendation from you in 2022, try and show up this year o.

***me self doesn't always agree with my bedsheet.... reason i come to u with other ogas for an insight/confirmations by email

Nacho with some other stock listed earlier should be on the watch out. better can showup at time goes on with coming Audit report/Q1

currentprice:
***me self doesn't always agree with my bedsheet.... reason i come to u with other ogas for an insight/confirmations by email

Nacho with some other stock listed earlier should be on the watch out. better can showup at time goes on with coming Audit report/Q1

E.G.G.G. WAPCO.

LOL

I have been pondering our catch-22 debt problem lately. What stops Nigeria from going the way of Ghana? Realistically, without debt restructuring, debt default or debt forgiveness (the three Ds), how do we escape this trap long term?

Most of our revenue is used to service debt cost. We then borrow more money to plug the hole in our budget deficit. This leads to more accrual of debt servicing costs. And then we go again the next year.

Fiscal consolidation seems like another plausible path. However, the landing cost of petrol is around N450/litre, and even with Dangote, we can hope to shave N20-N30 off that price. With our current social structure, it’s doubtful that kind of adjustment can be made without social unrest. Hence, the road seems to lead inevitably to the 3Ds. No wonder the DCM was so spooked by the Finance Minister’s errant comments last year

ImperialCovfefe:
I have been pondering our catch-22 debt problem lately. What stops Nigeria from going the way of Ghana? Realistically, without debt restructuring, debt default or debt forgiveness (the three Ds), how do we escape this trap long term?

Most of our revenue is used to service debt cost. We then borrow more money to plug the hole in our budget deficit. This leads to more accrual of debt servicing costs. And then we go again the next year.

Fiscal consolidation seems like another plausible path. However, the landing cost of petrol is around N450/litre, and even with Dangote, we can hope to shave N20-N30 off that price. With our current social structure, it’s doubtful that kind of adjustment can be made without social unrest. Hence, the road seems to lead inevitably to the 3Ds. No wonder the DCM was so spooked by the Finance Minister’s errant comments last year

We all should be worried about Nigeria debt level. It is not looking good at all.
Unfortunately non of the leading presidential aspirants has said much about how he is going to manage the issue. It will definitely be tough and rough.

CORPORATE ACTION

GEREGU
Final Dividend: N8.00
Qualification Date: 27th Feb, 2023
Payment Date: TBA
Registrar: Meristem
https://doclib.ngxgroup.com/Financial_NewsDocs/37601_GEREGU_POWER_PLC%20CORPORATE_ACTIONS_ANNOUNCEMENT_CORPOR.pdf

MTNN
Final Dividend: N10.00
Qualification Date: 27th March, 2023
Payment Date: 20th April, 2023
Registrar: Coronation Registrar
https://doclib.ngxgroup.com/Financial_NewsDocs/37595_MTN_NIGERIA_COMMUNICATIONS_PLC%20MTN_NIGERIA_FINAL_DIVID.pdf

VITAFOAM
Final Dividend: N1.52k (for Sept Q4 FYE,2022)
Qualification Date: 10th Feb, 2023
Payment Date: 2nd March, 2023
Registrar: Meristem
https://doclib.ngxgroup.com/Financial_NewsDocs/37339_VITAFOAM_NIG_PLC%20VITAFOAM_NIG_PLC_CORPORATE_ACTION_FO.pdf

I don jump out from the aeroplane of AIICO Insurance. Those that are still in it, I wish Una safe flight ooo.

UNIVERSAL INSURE
Another set of 2.7Billion units crossed @20k.....
Maybe new investor is coming in.....
Let's wait and see....

Na so those ogas go pack the thing cheap cheap, come reap huge rewards.......over half a billion Naira spent so far......just today alone......

FBNH sighted @12......

SEPLAT: Up with +N115.00........now @N1,325

eyes on universal, they started mopping since tuesday. follow the big money.

Meanwhile anyone stuck in the stock that wants to come down from the bus, there are bids waiting. no dull.

yMcy56:
UNIVERSAL INSURE
Another set of 2.7Billion units crossed @20k.....
Maybe new investor is coming in.....
Let's wait and see....

Na so those ogas go pack the thing cheap cheap, come reap huge rewards.......over half a billion Naira spent so far......just today alone......

FBNH sighted @12......

SEPLAT: Up with +N115.00........now @N1,325

yMcy56:
UNIVERSAL INSURE
....

SEPLAT: Up with +N115.00........now @N1,325

.
Seplat
Dey Vex..
No need to chase dis one again
Make I go pick am for LSE...
We dey wait for Nestle to move to N1200...

Good afternoon All,
I’ve got a question
If I invest 10 mil in this
NIGB 16.25% APR 37 16.25 18-Apr-37 15.50%

What will I get quarterly and how long will my investment last

Thanks

moneymanager:
Good afternoon All,
I’ve got a question
If I invest 10 mil in this
NIGB 16.25% APR 37 16.25 18-Apr-37 15.50%

What will I get quarterly and how long will my investment last

Thanks

These are not saving bonds, these pay coupon twice in a year.


I don't have the figures of the current yield on these bonds, but it should be between 15% to 15.4%.


So you should expect coupons of between 750k to 770k twice in a year for the next 14 years on your investment and then get back your N10 million in 2037.


You can also trade your investment in the secondary market or use it as a collateral to get a loan of about N7.5 million to N8 million in order to harness emerging economic and business opportunities


I hope I answered your questions

Moody’s Downgrades Seplat Energy
https://businesspost.ng/economy/moodys-downgrades-seplat-energy/

Dangote Cement N50bn Commercial Paper Sales Close
https://businesspost.ng/economy/dangote-cement-n50bn-commercial-paper-sales-close/

SEC to Step up Investor Education
https://businesspost.ng/economy/sec-to-step-up-investor-education/

Union Bank Secures IFC’s $30m Loan to Finance Trade, SMEs
https://businesspost.ng/banking/union-bank-secures-ifcs-30m-loan-to-finance-trade-smes/

Survey Shows Nigerians Don’t Trust INEC for Credible Elections
https://businesspost.ng/general/survey-shows-nigerians-dont-trust-inec-for-credible-elections/

emmanuelewumi:
These are not saving bonds, these pay coupon twice in a year.


I don't have the figures of the current yield on these bonds, but it should be between 15% to 15.4%.


So you should expect coupons of between 750k to 770k twice in a year for the next 14 years on your investment and then get back your N10 million in 2037.


You can also trade your investment in the secondary market or use it as a collateral to get a loan of about N7.5 million to N8 million in order to harness emerging economic and business opportunities


I hope I answered your questions

Yes you did Sir
Thanks for the response
I was also told that the smallest the investment house I spoke to takes is 20 million.
So I have a bit more savings to do

Afterwards I will do this, both things you mentioned
Really appreciate the response

I have a follow up question
How can I get into the secondary market
Is it just taking the documents to my bank as collateral or is there another way?

moneymanager:
Yes you did Sir
Thanks for the response
I was also told that the smallest the investment house I spoke to takes is 20 million.
So I have a bit more savings to do

Afterwards I will do this, both things you mentioned
Really appreciate the response

If you bank with Stanbic IBTC Bank you can buy with N1 million in the primary market or 200k in the secondary market.


After buying through the bank, you can then move the investment to your CSCS account through your Stockbroker

emmanuelewumi:
If you bank with Stanbic IBTC Bank you can buy with N1 million in the primary market or 200k in the secondary market.


After buying through the bank, you can then move the investment to your CSCS account through your Stockbroker

That’s another good idea
Okay. Am using Meristem
I think I will like to wait and get a larger value into it
That way the returns are big for the duration

moneymanager:
That’s another good idea
Okay. Am using Meristem
I think I will like to wait and get a larger value into it
That way the returns are big for the duration

Stanbic IBTC is the biggest player in that sector, you can be sure of getting good deal from them. Doing it with a big player will also caalyse the liquidity of your investment when you need to cash out

Whats happening here?

moneymanager:
That’s another good idea
Okay. Am using Meristem
I think I will like to wait and get a larger value into it
That way the returns are big for the duration

This is the current yield from the secondary market.

Stanbic IBTC Bank sends to me every business day

yMcy56:
NGXGROUP
Is anyone watching how they're trading packing this stock since it hits 15.30?
I've said I won't say anything on it again since the bashing when we mentioned it here.
Same NGXGROUP I was under intense "heat" for.
**Closed @20 today**

Those waiting @ N10 or is it N2, E Ku waiting oooo.

yMcy56:
Thanks CP.
As far as I'm concerned, NGXGROUP na N28 naira stock according to your bedsheet...... anytime e like, make e waka reach there........

NGXGROUP closed @29 today.......nobody talk o.
Wow!! Only Mcy against Nsempas, and God wins.
Even CP that gave fair value after asking him changed tone self.
Make Una allow me rub it on you all in peace.
E Ku market o.

sincerelymine:
Whats happening here?

A new investor coming in possibly.
The volume has increased since mid January 2023.
Universal Insure seems to be working towards meeting the insurance recapitalization.......and possibly re-strategizing to deliver value to shareholders.

** Not statement of facts, just observation. We'll know what's up with time.......but the volumes are significant on the Coy's total share capital, and if it continues, may likely have positive impact**

moneymanager:
Yes you did Sir
Thanks for the response
I was also told that the smallest the investment house I spoke to takes is 20 million.
So I have a bit more savings to do

Afterwards I will do this, both things you mentioned
Really appreciate the response

I have a follow up question
How can I get into the secondary market
Is it just taking the documents to my bank as collateral or is there another way?

You can liaise with us @ Meristem Wealth Management ltd, we can help you (08029736561)

emmanuelewumi:
Stanbic IBTC is the biggest player in that sector, you can be sure of getting good deal from them. Doing it with a big player will also caalyse the liquidity of your investment when you need to cash out

Always open for a good deal
That would be another registration again
Am already registered with 3 stock broking firms and this would be one more
I will check them out and see how they roll
If the registration process is not to cumbersome for remote people and they are cool. I will go ahead with it

dapix:
You can liaise with us @ Meristem Wealth Management ltd, we can help you (08029736561)

Thanks for the response
Okay. I’ll speak with them
They are the ones am dealing with now so I’ll just run it by them as well

Ucap used to be first to release ooh,up till now no result from them?And director pikin don dey sell his portion.any alarm for cause? https://doclib.ngxgroup.com/Financial_NewsDocs/176_NOTICE_OF_INSIDER_DEALING-_SALE-_CHUKWUDI_CHRISTIAN_NNOROM_30.01.2023.pdf

moneymanager:
Always open for a good deal
That would be another registration again
Am already registered with 3 stock broking firms and this would be one more
I will check them out and see how they roll
If the registration process is not to cumbersome for remote people and they are cool. I will go ahead with it

Buy the bond from Stanbic IBTC Bank after which you can move the investment to any of the existing Stockbroking accounts you alreay have

naturalflow:
Ucap used to be first to release ooh,up till now no result from them?And director pikin don dey sell his portion.any alarm for cause? https://doclib.ngxgroup.com/Financial_NewsDocs/176_NOTICE_OF_INSIDER_DEALING-_SALE-_CHUKWUDI_CHRISTIAN_NNOROM_30.01.2023.pdf

I am sure he bought for less than N10, you can blame the young man for booking profit

essentialone:
Please evaluate these 3 stocks.
UPDC UPL Transcorp
Buy, Sell, or Hold?

*Update*
UPDC "Hold" if you have it.
Lots of patience required.,.......
Better to have below N1
https://doclib.ngxgroup.com/Financial_NewsDocs/37519_UPDC_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022_FINAN.pdf

yMcy56:
*Update*
UPDC "Hold" if you have it.
Lots of patience required.,.......
Better to have below N1
https://doclib.ngxgroup.com/Financial_NewsDocs/37519_UPDC_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022_FINAN.pdf

Thanks for this update. I already have it. So I will Hold.

yMcy56:
*Update*
UPDC "Hold" if you have it.
Lots of patience required.,.......
Better to have below N1
https://doclib.ngxgroup.com/Financial_NewsDocs/37519_UPDC_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2022_FINAN.pdf

The result has been removed.

This calabash abi na mirror wen u de use seems to be very powerful.

yMcy56:
NGXGROUP closed @29 today.......nobody talk o.
Wow!! Only Mcy against Nsempas, and God wins.
Even CP that gave fair value after asking him changed tone self.
Make Una allow me rub it on you all in peace.
E Ku market o.

3 reasons why I will be completely quitting the use of Meristem stockbrokers by Q3 of this year.

1. Of all my stockbrokers, only Meristem stockbrokers deduct #50 from the money I deposit into their account, per deposit.
2. Of all my stockbrokers, only Meristem stockbrokers will not allow you to use all your deposited money to buy shares. They will always hold back N100 to themselves. The money is small but the reason is unclear and most likely invalid.
3. Of all my stockbrokers, only Meristem stockbrokers does not have the option of placing an order that can remain valid for 30 days. The maximum number of days that an order can remain in Meristem stockbrokers is 14 days.


I have tried to complain about these three things to them severally, but I think their Management does not care about feedbacks and complaints. Please if their agents are here, tell them ooo.

essentialone:
3 reasons why I will be completely quitting the use of Meristem stockbrokers by Q3 of this year.

1. Of all my stockbrokers, only Meristem stockbrokers deduct #50 from the money I deposit into their account, per deposit.
2. Of all my stockbrokers, only Meristem stockbrokers will not allow you to use all your deposited money to buy shares. They will always hold back N100 to themselves. The money is small but the reason is unclear and most likely invalid.
3. Of all my stockbrokers, only Meristem stockbrokers does not have the option of placing an order that can remain valid for 30 days. The maximum number of days that an order can remain in Meristem stockbrokers is 14 days.


I have tried to complain about these three things to them severally, but I think their Management does not care about feedbacks and complaints. Please if their agents are here, tell them ooo.

MorganCapital does number 1, ARM is even worse in regards to number 1, some analog stockbrokers are even worser.
Explain more about number 2,
On Number 3, Kindly post a screenshot of the Stockbroker software Meristem uses.They must use an inferior stockbroking software