The statement "Nigerians will spend their last cash to have quality time and meal" is relative. We are a poor country Hogwarth, Even some of the competitors that were seen as QSR luxury are now modifying products for the market such as smaller boxes of pizza, roadside and market storms, cheaper meals such as the less than a 1000 naira meal and snacks...This is not a business I would be interested in for obvious reasons-barriers to entry are low and increasingly stiff competition.If they want to be profitable and offer shareholders value, they need to be serious. I would suggest:

- Intensive marketing to take on a huge number of the working population by offering convenience, incentives and better product offerings.
- Incorporating a bit of night life like "the place",and providing the right ambience for celebrations(this could be another source of income)
- They could also try to create products for the mass market like chicken republic, the place, dominos & Co. have done.

Hogwarthtrades:


Tantaliser is an interesting one , Seems the management Mr & Mrs. Ayeni and their board are bereft of ideas at this point ( QSR value = garbage in, garbage out. ) a handful of Franchises (not hearsay, they 're acquanitances, show their books as profitable. You begin to wonder why there is no standarardisation across the chain?
Definitely need a turn around approach. If you are given the task/ opportunity to turn the company around, what will be your suggestions? (Will be interesting to see other peeps ideas)

1. Re-evaluate the menu and pricing structure (if it means partnering with bright local chefs to work on Nigeria Local dish, Mexican and oriental cuisine) - Quality, cost. Strongly believe create the environ, Nigerians will spend their last cash to have quality time and meal.

2.

Dey yan tantaliza…LOL dem Dey list 4 d exchange ? Nawao side by side my oando

Let me tell u one tru tory
D cronicles of D tantaliza


Dose days when AP filling station still Dey for Lekki admirality one tantaliza dey for dat fillin station…

Used to collect long bjs from dem fine college babes outside for tantaliza chiken rice dose days on d regular…chai na tantaliza i promise dem o. D deal was sweet once i hit it it was a saga my guys I Dey call am d chronicles of d tantaliza.

Dat one parking spot for d end one grey benz d always park 4 Dere wit shaded window…givin dem d mayo on d regular P.

Omo na serious sucking wey u dey watch on films.

Tantaliza get my respect 4 lyf

Even Dere plantain d babes go take am carry go on d side.

Cool down wid one cold Fanta.

Na status symbol dat place d o 4 Lekki AP filling station dose days

Promise I go buy 100 million units once my oando don hit

Hell maybe I go buy d place if e still Dey dere

Dis life enn


Some ppl dey chop am some dey choose to type long tins daily come confuse pikin investors make am buy tantaliza toks…na bj u go give for outside one day if u buy am

GSK....
10% Withholding tax taken from final exit price of NGN 17.42, translates to N15.678 per unit.
Value erosion.
I for done japa since. Lol

https://punchng.com/operation-rescue-naira-fg-considers-converting-30bn-domiciliary-deposits-to-naira/

If the government execute this threat, it would be a terrible disaster for the Naira. This single action will affect the NGX terribly.
It would be the harbinger for absolute collapse of the Naira and the stock Market.
Trust Nigerians, the Emefiele policy is still causing skepticism amongst the citizens as they do not trust the banking system.
There would be a 3rd and 4th waves of absolutel physical cash scarcity.
The forfeiture will solve a temporary problem, at the long run, the Bank will never see invincible forex again.
The government should remember, that the US dollar is a hot cake in all the Neighbouring countries.
The average Nigerians were not the looters of Nigeria forex. It was looted by the elites, starting from independence till date.
IBB could not account for 12B usd gulf oil windfall.
Abacha loot is still being repatriated
Agunloye scammed the nation of 5B usd, Diezeani loot is too shameful for the government to announce the estimated usd she stole from the system.
Government should borrow from the domiciliary account as a measure to confront the problem without causing a systemic problem.
BAT should not near nor touch my sweat and blood dom wey i dey take hedge against Mr Naira, otherwise I done Japa be that oooo.

vacanci:
How many of the big companies did 10% apart from first bank?

GTB, UBA, Zenith and Wapco all less than 5%. Even the highflying Jaiz and Japaul are less than 3%. Stanbic, UCAP, presco and okomu oil were in red.

Sugar did well today...

So many pages to catch up with......una well done ooo.
Make I start from here fess.....

SUGAR performed well ...YES! It was even on full bid @82.10 before it finally closed @80..

On how many companies did +10% aside First Bank, dem plenty ooo, not just only First Bank!!
TRANSCORP, OANDO, Meyer, Sterling, UNIVINS, UNITY, PZ, Neimeth, Cornerstone, CHAMS, etc ....

* 61 companies gained while only 12 lost.

** When we dey talk say it's not yet bear time, e be like say na we no know wetin we dey talk.......
See attached report, does it look like bear Market??
Billions entered quite a number of stocks on Friday again.......

Mankind2024:
GSK....
10% Withholding tax taken from final exit price of NGN 17.42, translates to N15.678 per unit.
Value erosion.
I for done japa since. Lol

That's not right nah ...
Withholding tax ought not to apply....
All the past buyout doesn't remove one Kobo from the exit price.........I've not seen where WTH is removed from exit price before....
Have you received yours? Make una ask them questions o.

In another thought, the company may make up for the shortfall from additional payment we were told they'll pay......if it's true.
* You can make more enquiry from GSK.

yMcy56:

That's not right nah ...
Withholding tax ought not to apply....
All the past buyout doesn't remove one Kobo from the exit price.........I've not seen where WTH is removed from exit price....
Have you received yours? Make una ask them questions o.

In another thought, the company may make up for the shortfall from additional payment we were told they'll pay......if it's true.
* You can make more enquiry from GSK.

Yes, gsk landed @3am
10% short of credit balance.

Mankind2024:

Yes, gsk landed @3am

Good.
They actually kept to their words and I like how they handled everything without prolonging it unnecessarily.
..but this withholding tax, na im be the issue there o.....not supposed to be deducted....and I don't think the mail indicated that With-holding will apply. Will recheck self.

essentialone:
COPIED...
"Dear experts in the house, pls I want to know if there's any issues with Transcorp plc .
I bought reasonable amount of shares @ 19.45 last two weeks, only to find out that it has dipped to 12.96. What's happening pls and what's the right thing to do now...."

All these people will end up losing money and dashing money to the market if they keep jumping upandan and panicking unnecessarily like this!!

Guess people needs to learn the basics of how this market works and acquire basic skills of investing before jumping into it at least........or even if they jump into it, should make frantic efforts to learn how it works and equip themselves with investing knowledge......and not continue to liken it to crypto or MMM.
This has been said times without number here...and newbies are been advised to buy more of fundamentally sound stocks!! Since they don't know their ways around the market.

On what the person can do? He/She has two options:

1. To do NOTHING!
Or
2. To watch out for likely bottom and average down his position. This way, he gets to benefit from the next rally.......or sell without loss as the case may be.

Mankind2024:

Yes, gsk landed @3am
10% short of credit balance.

I never see anything oh. Is it possible to still receive it today being a weekend?

yMcy56:

Good.
They actually kept to their words and I like how they handled everything without prolonging it unnecessarily.
..but this withholding tax, na im be the issue there o.....not supposed to be deducted....and I don't think the mail indicated that With-holding will apply. Will recheck self.

WHT was mentioned but it only indicates that there will be a further payment as indicated previously. A far lesser payment maybe 1-2 naira

Kreos44:
WHT was mentioned but it only indicates that there will be a further payment as indicated previously. A far lesser payment maybe 1-2 naira

Ok. Thks.
Will also recheck it.

Mankind2024:
Yes, gsk landed @3am
10% short of credit balance.

Kreos44:
I never see anything oh. Is it possible to still receive it today being a weekend?

Mine hit at 3:34am today. I believe weekend is still possible.

mikeapollo:


Correction:
in 2 months after the court case (not 2 weeks).
Many people would be multi millionaires through Oando. This I have seen!

In another news...

GSK has landed

Mankind2024:
GSK....
10% Withholding tax taken from final exit price of NGN 17.42, translates to N15.678 per unit.
Value erosion.
I for done japa since. Lol

I was able to sell mine in the first week of November 2023 at N16.25k and then used the fund to buy Dangote Sugar at N61

Just checked my account... GSK has landed quietly in my akant... but I don't like that 10% WHT

Just checked my account... GSK has landed quietly in my akant... but I don't like that 10% WHT

Na wa oh. E be like say na only me gsk no want pay. I have been checking my acant since early morning.

I have been waiting for my GSK since yesterday.

Gsk don play me street. Why is the payment bearing div 48 with 10% WHT.They never said they are paying us dividend. It said buy out at #17.42

Something I could have sold at even #17.00

Did you anticipate a 'noisy' landing...

Mfunkynation:
Just checked my account...
GSK has landed quietly in my akant...
but I don't like that 10% WHT

Ginalex:
Do you think they'd declare dividend with the ongoing merger? I don zero my mind comot for dividend o

They have to if they fail to finalize everything before q2. I no come understand their body language again o.

emmanuelewumi:



I was able to sell mine in the first week of November 2023 at N16.25k and then used the fund to buy Dangote Sugar at N61

From your own assessment, when do you think dangfoods is going to be listed?

thebargainhunte:

From your own assessment, when do you think dangfoods is going to be listed?

I am not a member of the management or professional advisers to the transaction, so I can't give a specific time frame.

But I think by the end of this quarter we should be able to have an idea.

It also depends on your average cost price, someone whose average cost price is less than N20 is different from someone whose average cost price is N70.

I sold half of my holdings at a profit of over 200% based on my average cost price to buy a FGN bond at 15.8% yield which will pay coupons in March and September for the next 11 years

emmanuelewumi:



I am not a member of the management or professional advisers to the transaction, so I can't give a specific time frame.

But I think by the end of this quarter we should be able to have an idea.

It also depends on your average cost price, someone who average cost price is less than N20 is different from someone whose average cost price is N70.

I sold half of my holdings at a profit of over 200% based on my average cost price buy a FGN bond at 15.8% yield which will pay coupons in March and September for the next 11 years

Hello Sir. What do you think about the Govt converting money in dom accounts to Naira? What are your thoughts?

Phraences:



Hello Sir. What do you think about the Govt converting money in dom accounts to Naira? What are your thoughts?

It can't work, even if they will do that they can't try it with the average Nigerian who have less than idle $20,000 in their dorm accounts.


Probably targeted at those with huge accounts that are idle.


What is the percentage of bank customer with N500,000 and above in Nigeria? Just 2%.


Percentage of dorm account holders with $5000 and above should be less than 1%.


I was in the bank yesterday, someone came to withdraw just $50 from his dorm account. I don't think government will target such people an average Nigerian trying to survive in a hostile economic environment


My opinion though

Mpeace:
Na wa oh. E be like say na only me gsk no want pay. I have been checking my acant since early morning.

I never receive too

Phraences:



Hello Sir. What do you think about the Govt converting money in dom accounts to Naira? What are your thoughts?

Some journalists are quick to spew out news on policies that have not even been debated.
I hope the report was not a fall out from that Isaac Fayose's video that government should ban Dom accounts.
It will be the height of illegality and irresponsibility to even consider such. They have to start by making it illegal to open a dom account in Nigeria.
When I saw the source of the news, I knew it was political

unite4real:


Some journalists are quick to spew out news on policies that have not even been debated.
I hope the report was not a fall out from that Isaac Fayose's video that government should ban Dom accounts.
It will be the height of illegality and irresponsibility to even consider such. They have to start by making it illegal to open a dom account in Nigeria.
When I saw the source of the news, I knew it was political

It is not an understatement that Nigeria is broke and in heavy deficit.
The idea of confiscating Dom account was first muted at the twilight of GEJ administration, the move resurfaced at the peak of way and mean of Buhari feudalism.
Now, external reserve is depleted, population is balooing, heavy restrictions on Naira card foreign exposure, low participation of foreign investors in Nigeria economy, backlog of verified Forex dated to the twilight of Buhari regime, diminishing interest in depositing physical cash in Bank, people are on currency conversion spree, leading to more scarcity of dollars.
The video released by Fayose brother was an expo to what is incubating in Nigeria highest place and covens of financial principality.
Putting 1+1 together, government might be forced to do it, but it will backfire.

Debunked

Chairman, please examples of fundamentally sound stocks.
Thank you

yMcy56:

All these people will end up losing money and dashing money to the market if they keep jumping upandan and panicking unnecessarily like this!!

Guess people needs to learn the basics of how this market works and acquire basic skills of investing before jumping into it at least........or even if they jump into it, should make frantic efforts to learn how it works and equip themselves with investing knowledge......and not continue to liken it to crypto or MMM.
This has been said times without number here...and newbies are been advised to buy more of fundamentally sound stocks!! Since they don't know their ways around the market.

On what the person can do? He/She has two options:

1. To do NOTHING!
Or
2. To watch out for likely bottom and average down his position. This way, he gets to benefit from the next rally.

CBN has punched it