₦airaland Forum

Choiceguy:
It will go lower than that price because, Inflation and forex shortage worries MPC members( punch newspaper). I am sure they might increase rate by next MPC meeting coming up by July and investor will dive high interest rate then stock price will drop.

sterlingD:
What is DSR up to ?

https://doclib.ngxgroup.com/Financial_NewsDocs/41505_DANGOTE_SUGAR_REFINERY_PLC-REGISTRATION_OF_MULTI_INSTRUMENT_PROGRAM_CORPORATE_ACTIONS_JUNE_2024.pdf

ositadima1:
The CBN MPR is at 24.75% (I think ...) and banks can or do lend at higher rates. So, I see it as a strategic move by DSR to be raising more funds directly from the private sector and individuals. They can potentially get cheaper rates than what they get from banks. There are always risks though; I hope it is managed well.

bovali:
Been quiet about Oando, but I don’t think people really looked into their books. But I’ll leave that conversation for another day

Choiceguy:
It will go lower than that price because, Inflation and forex shortage worries MPC members( punch newspaper). I am sure they might increase rate by next MPC meeting coming up by July and investor will dive high interest rate then stock price will drop.

Streetinvestor2:
I dis agree on the two things you mentioned. The country just borrowed in dollars. And forex has been stable. It will likely start heading down gradually or stay flat.
Then for inflation. It has reached it bend.You should expect very slow downward movement. And we are entering the quaters of harvest of farm produce. The last two months was maginal increase in inflation.

vacanci:
June inflation would have signalled what you said but i am thinking the cost of Rams, Cows and Donkeys alone during the sallah period and the spike in cost of Pepper and beans and tomatoes this month alone will make food inflation higher than previous month. Unless if you never buy beans and pepper recently. Even Groundnut oil and roasted groundnut don spike for June. cassava flour (not garri o) and akpu that people were rushing as food for common man got doubled in price. As for akpu the amount is still N100 but it has been sliced into tiny circle which is just enough to swallow 3 times.

Omo by the time new minimum wage is announced for the less than 1% government workers, the market will further react to punish the remaining 99%.

Na hyper inflation me i dey see for now

nosa2:
Please when did they raise this capital? I've not been looking at the Nigerian markets

ProphetUtuocha:
These are interesting times with exciting accumulation opportunities. Nothing more to add

BabsO2:
A summary of the additional tier 1 USD capital is in their last annual report on Page 204. Total is USD 800k. The older instrument has an interest rate of 5.25% and the newer one has an interest of 15%. See picture below.

I guess these USD capital raised as well as NGN shareholder funds converted to USD at lower rates in years back must have been used to fund their African expansion. If the expansion goes well Access will do well.

bovali:
Don’t underestimate their expansion. I remember when UBA was doing its west African expansion, now they bring a chunk of the groups revenue. Also remember that access bank bought some of these outside banks at a discount I.e from atlas Mara. Don’t also forget that they now sit on arm pensions as a group. Isn’t that the second largest pension at the time? I think it’s grossly undervalued in my opinion

bovali:
Been quiet about Oando, but I don’t think people really looked into their books. But I’ll leave that conversation for another day

BabsO2:
Please don't leave that conversation for another day. We want to know now now. As some of us are Bullish on Oando becoming a beautiful turnaround story not only for Wale but for we common shareholders also

mikeapollo:
Lol. I get your vibe!
People don't want Oando to spring a positive surprise and miss out on the potential cash out.

ProphetUtuocha:
That which was revealed
Remains as was revealed

Even as folks are worried
Due to historical past and uncertainties

That which was revealed
Remains as was revealed

As a new dawn is here
That will shock even the believers!

ProphetUtuocha:
That which was revealed
Remains as was revealed

Even as folks are worried
Due to historical past and uncertainties

That which was revealed
Remains as was revealed

As a new dawn is here
That will shock even the believers!

KarlTom:
In summary, everyone has [and is entitled to] an opinion.
Each mallam person is the manager of his/her kettle portfolio...

Bukkydudu:
Good evening house.

Please I checked my portfolio today and I saw UPDCreit shares, please which company took over UPDCreit because I can't remember buying any share in that name.

Thanks

Streetinvestor2:
I dis agree on the two things you mentioned. The country just borrowed in dollars. And forex has been stable. It will likely start heading down gradually or stay flat.
Then for inflation. It has reached it bend.You should expect very slow downward movement. And we are entering the quaters of harvest of farm produce. The last two months was maginal increase in inflation.

Streetinvestor2:
I dis agree on the two things you mentioned. The country just borrowed in dollars. And forex has been stable. It will likely start heading down gradually or stay flat.
Then for inflation. It has reached it bend.You should expect very slow downward movement. And we are entering the quaters of harvest of farm produce. The last two months was maginal increase in inflation.