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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 10:13am On Feb 03 |
yMcy56:Thank you, sister, for the advice provided. I remember reading a book on investment while starting up. In the book, the author said if you know nothing about investment, for your future financial freedom, do the following: - Look for established company(ies) with popular or essential products/services. - Dedicate a fixed percentage of your income (e.g., 5%) to monthly purchases of the company's stocks. - Keep buying the same stock each month. Consistency is the key. - Keep abreast about the company's activities. Read newspapers, listen to radio, TV etc (that's what was available at the time) While this approach may have its own limitations, at that time, as a young man starting life, it was working for me until I started listening to my analogue broker's advice. I will advocate for this approach to anyone who does not have adequate knowledge about investment. Follow this route until you finally equip yourself with the necessary investing knowledge. 9 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 10:32am On Feb 03 |
Fidelity Bank has reviewed their unaudited report and corrected their profit. It is now lower by over N20 Billion and profit has dropped from N142 Billion earlier announced to N101 Billion. Profit growth compared to previous year has come down from 208% to about 120%. With Fidelity bank outstanding shares planned to reach 45B units. It is safe to say that FCMB whose outstanding shares is still about 19B and with 200% profit growth from about N31Billion previous year to over N95Billion should catch the eyes of investors. These two have been tagging each other with fcmb behind. All the metrics should now tick in favour of FCMB. It's about time. Taking over is allowed. Perhaps for now. https://doclib.ngxgroup.com/Financial_NewsDocs/FIDELITY_BANK_PLC_-_CORRECTION_OF_Q4_2023_UFS.pdf 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:59am On Feb 03 |
unite4real:Do you have fcmb shares. Make your disclosure. Gtb and zenith which has been declaring more profit 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BenNigeria: 11:11am On Feb 03 |
AIICO Market Capitalisation 41B but why other insurance companies share price doing better? Any explaining house 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:13am On Feb 03 |
I believe the DangFoods merger is one of the causes of the delay in notifying the NGX of key dates as well as the release of the AFS. As expected there will be major shake up in the management structure, which will also be linked to the preparation of the books. As a reference, BUA Foods came to light about a month after the initial announcement. One can only hope DF is listed in time... |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:15am On Feb 03 |
Anyone with idea why gsk decided to tag the payment we received as dividend. Abi the government was involved to just collect tax from back door.I believe they have committed corporate fraud for an international company. I hope this is not the kind shady deals they have been doing which led them to close shop and people are pointing fingers to the economy. In thr parent country would they have tagged such payment as dividend. The money payed out was it profit from running the business .why label it dividend .I hate anything fraudulent. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:20am On Feb 03 |
I don't think we should pay too much attention to the credit narration. After all it's literally and financially impossible for GSK to pay that amount as dividend... For now they've been delisted... Streetinvestor2: |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:25am On Feb 03 |
emmanuelewumi: Hold on, let me understand this. You are saying you will receive more than 47.4% of your original investment annually for the next 11 years? What about those who insist that converting to dollars is the only way to protect against the falling naira? I don't think dollar investments and Eurobonds can beat that return, and the best part is that it is passive income. If you had started with 20 million naira, then you are guaranteed 10 million naira every year. That is truly commendable, I must say. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Phraences: 11:29am On Feb 03 |
emmanuelewumi: Thank you Sir. CBN has debunked the news. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 11:29am On Feb 03 |
Streetinvestor2: I have FCMB, fidelity, Zenith, Uba and FBNH in that sector. Used to have access and Jaiz but no more. My fidelity has been there since N2.50. I have a very low BE Thank you 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:32am On Feb 03 |
ositadima1:How did you get 47.4% annually 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:41am On Feb 03 |
Streetinvestor2: Assuming a profit of exactly 200%, with an initial capital of 10,000 naira invested in Dangote Sugar that gave him 30,000 naira. At 15.8% annual return, the bond should pay 4,740 naira annually. 4,740 naira divided by the original 10,000 naira initial capital comes out to 0.474. In percentage terms, this is 47.4% of the original investment. |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:45am On Feb 03 |
KarlTom:They labelled it dividend because that is the only way to legalise the fraud and defend the 10%WHT.Have you seen any company that delisted and has done that.And you feel as nigeria whr anything goes we should not ask questions. It was never a mistake tagging it dividend. It was infact tagged dividend no 48 payment. Do you realise they have set a new chapter for those planning to delist in future to now follow .This is the reason we must ask questions.Can gsk do this in thr parent country and it will be allowed. How about oando decides to delist and you receive an alert payment with this kind format on the #7 plus price 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 11:46am On Feb 03 |
ositadima1: the beauty is that, it is secured and guaranteed throughout the tenor 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:50am On Feb 03 |
ositadima1:ok I get it.you went back to his investment starting from dangota. We no they normally calculate backwards like that na for the new investment we they start,lol 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:51am On Feb 03 |
ositadima1: Invest with knowledge and figures and you should be okay. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:00pm On Feb 03 |
Today's Top trades' volumes 1 Like 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 12:02pm On Feb 03 |
emmanuelewumi: Nice!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:03pm On Feb 03 |
Streetinvestor2: LOL. That is one thing chess will teach you - that brilliant last move was likely planned several moves earlier. To a layman, they will just see the final move and wonder how it happened. He probably had some idea that Dangote's stock would make that move. He also knew about the Sukuk bond. So, instead of putting the 10,000 naira directly into the upcoming Sukuk, he first played Dangote, and then after that gain, he did the Sukuk. That is a beautiful strategy from Pa Emma. 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 12:06pm On Feb 03 |
ositadima1: To the dollar folks, I'd say, there are more than one way to increase your naira output. Just like Bishop Oyedepo once said(w/o sounding religious), "If they say naira is devalued, simply means you have to get more naira to run your affairs" 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 12:24pm On Feb 03 |
Streetinvestor2: It is not a buy out. GSK is winding down and sharing their value to shareholders. What you received was from Retained Earnings over the years, distributable as dividends, subject to WHT if not earned during pioneer period. Nor worry, from the 2023 FS, you will get another 54k (Capital return, no WHT) and 77k or more (subject to WHT). 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 12:33pm On Feb 03 |
Frangel:This is much better explanation. I was made to believe it was buy out by the parent company. Did they have this kind cash in thr retained earnings. So what happens to thr other assets in nigeria beside the ones they already sold off and the money shared as special div |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 12:45pm On Feb 03 |
Streetinvestor2: No, it's not buy-out but winding down. GSK Nigeria would no longer exist. I hinted the possibility of WHT on the payment when I saw the details of the transaction they released to NGX. They had about N8billion retained earnings as at 2022, add the N2b the majority shareholders forgave and part of the profit for 2023. Gave them the ability to pay about N11b to minority shareholders from cash balance of about N26b. They still have about N930million retained profit left. Add possible profit from sale of assets. That's why I wrote you could get up to 77k more after 54k capital return per share (Share Capital + Share Premium). 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 12:48pm On Feb 03 |
@frangel.how did you get this information. It was never mentioned here that it was retained earnings that they wanted to share.I for no wait because I for know say 10% wht for dey.All I saw was buy out at 17.42..I pity those that bought above #16 thinking it was normal buy out Oga emm try refund balance to the person you sold to at #16.25,lol.Just use your Christian mind.For me my BE was 6.30 on gsk after averaging down |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 12:54pm On Feb 03 |
Streetinvestor2: Hahaha. It's not privileged info. All in the documents they released on NGX. My interpretation therefrom based on training and experience. I be finance person sha. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 12:59pm On Feb 03 |
Frangel:You be bad guy.why didn't you ever post this kind French here all this time.People no go happy with you way buy #16 and above from this forum, lol. I argued 10 % WHT here because the payment was mentioned as buy out and not sharing of retained earnings which could pass as dividend |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 1:19pm On Feb 03 |
Streetinvestor2:Lol. Oga, I posted it here. You did not agree with it and argued against it. Na night school I go, I nor sabi french. Lol. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 1:56pm On Feb 03 |
[quote author=Frangel post=128268044] Lol. Oga, I posted it here. You did not agree with it and argued against it. Na night school I go, I nor sabi french. Lol.[/quote. Yes i didn'tagree with you because we believed it was buy out .You for say it was based on retained earnings .Make you thank God I no loose money. I for show you street here.we for fight here till next Yr.....na joke oh 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Kreos44: 2:04pm On Feb 03 |
[quote author=Streetinvestor2 post=128268484][/quote] We wey never see anything, wetin make we talk? I don check my mobile app so tey the app dey show me balance now before I put pin. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Demaxl(m): 2:26pm On Feb 03 |
How do i get into stock exchange as a beginner? I am a student and I want to get into the market |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 2:35pm On Feb 03 |
Demaxl: You are a student and you want to invest your fathers hard earned money in stocks. The school alone is investment.Your father is investing in you right now.Concentrate on your studies now.During your youth service, you can begin to learn about stocks. Putting your money in stocks while studying will give you emotional issues which wont be good to you. My kobo advice 12 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:29pm On Feb 03 |
Locotrader: I disagree with you, as a student he can invest with as little as N5000. I have mentored students who were able to build up a portfolio of over N1 million before they were called up for NYSC. There are students in Lagos and major cities that are making more money than the average worker. With the internet we have endless opportunities to making money. 15 Likes 1 Share |
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