₦airaland Forum

Access bank is going ballistic... What is fuelling this massive price appreciation?

Raider76:
I can't believe they are yet to finish the share reconstruction of TRANSCORP after two weeks. Are they doing it manually?

Na analog

megawealth01:
The bitter truth is that E go hard for Wale to change. E fit be say leopard go change skin easily than Wale change?

If this is true, for the company to get to the next level, then it is time for him to become the Chairman and hire a CEO that will take the company further and make Energy money for him and the other shareholders.

Born2beRich1:
Also if you check the stock picks i posted last week you will notice that they are doing well now as bids are high...Am currently checking on the volume of transactions on the banking stocks and it is relatively good and high...The time is right but remember to shine your eyes, keep your ears on ground for information and follow your investment properly..

NB: The mistake most people made especially in 2008 was that they didnt have any info on the company of the stock they were buying ( whether the company was healthy or not)...

A good business man/woman should try to know details about the company he or she is investing so as not to enter into a train carrying a time bomb..

Aways check the nigerian daily newspapers to keep yourself updated about the market...my 5kobo advise..

Please more contributions will be appreciated...

Time bomb. Call names joor

ghm:
If this is true, for the company to get to the next level, then it is time for him to become the Chairman and hire a CEO that will take the company further and make Energy money for him and the other shareholders.

If true ke? What has changed about Wale?

Many people don't know Wale na this year they meet am sha

A lawyer par excellence

designking:
Access bank is going ballistic... What is fuelling this massive price appreciation?

My darling Access 😘

Unilever Nigeria: Turnover up by 46%, margins squeezed by costs

https://nairametrics.com/2024/10/24/unilever-nigeria-turnover-up-by-46-margins-squeezed-by-costs/

So foreign portfolio managers who asked him the question on Net-foreign reserve, and the Deputy CBN Governor on Policies who responded that they will give the information in Q1 2025 don't know anything than you abi ?

Well done sir.

Agbalowomeri:
But foreign reserve is foreign reserve. Obligations no join for the matter. Even the US is in a large negative. Let them keep building the foreign reserve. At least, it is a positive in one direction

Dey play!

CFO report in manner that the CEO & the board want it to be.

Any company that has so many intercompany transactions is a fraudulent company.

Agbalowomeri:
Maybe in the medium to long term. If they are not defending the naira, it could take sometime to show. Me think the exchange has been relatively stable for several months. At least to halt the rapid decline first before it start reversing

Mpeace:
Lol. Its really taking too long. I know someone with huge short term funds in Oando and transcorp. He is over trapped at the moment.

My sympathy to the person. For my case I carry UCAP join sef.

phadriz:
Dey play!

CFO report in manner that the CEO & the board want it to be.

Any company that has so many intercompany transactions is a fraudulent company.

Wrong tag ooooo

Agba no dey talk about Oando oooo because the vawulence there no easy because anyone wey talk go collect

Wale pls make sure the suspension reach next yr.i want to check something..lol

phadriz:
Dey play!

CFO report in manner that the CEO & the board want it to be.

Any company that has so many intercompany transactions is a fraudulent company.

I don't agree with this, in principle.
My disagreement is not specific to company in Nigeria, but based on principle only.

The number and nature of intercompany transactions would depend on a company's Group structure, geo-locations of subsidiaries, capital equipment, raw material and service sourcing opportunities, supply chain and logistics, transfer pricing and tax laws applicable at subsidiary locations, forex availability issues, nature of business e.g. manufacturing, etc.
Some multinational Group companies have subsidiaries and business interests spread across several industries, sectors in several countries across different continents; and the above factors make it inevitable for them to have many intercompany transactions.

Speaking from experience.

Thanks.

Wrong tag

megawealth01:
Wrong tag ooooo

Agba no dey talk about Oando oooo because the vawulence there no easy because anyone wey talk go collect

Dey play!

CFO report in manner that the CEO & the board want it to be.

Any company that has so many intercompany transactions is a fraudulent company.

BabsO2:
Great comment. If the CFO cannot maintain bookkeeping practices that can be audited quickly without back-and-forth delays, he or she should be replaced with a more competent person.

Mpeace:
Lol. Its really taking too long. I know someone with huge short term funds in Oando and transcorp. He is over trapped at the moment.

Chai....this stock market sef. One needs to be careful. Diversification is the key

It is Creative Accounting (Window dressing). For you to know the extent of the fraud, check intercompany payable and receivable. You will discovered that most of the group funds are stock there. Unfortunately, you can not get the ledgers because AFS is summary.
Talking about principles all will be done in line with Accounting principles, but most fraudulent transactions are hidden there. All what you said are theory.

This is my field I know what I'm talking about.

mikeapollo:
I don't agree with this, in principle.
My disagreement is not specific to company in Nigeria, but based on principle only.

The number and nature of intercompany transactions would depend on a company's Group structure, geo-locations of subsidiaries, capital equipment, raw material and service sourcing opportunities, supply chain and logistics, transfer pricing and tax laws applicable at subsidiary locations, forex availability issues, nature of business e.g. manufacturing, etc.
Some multinational Group companies have subsidiaries and business interests spread across several industries, sectors in several countries across different continents; and the above factors make it inevitable for them to have many intercompany transactions.

Speaking from experience.

mikeapollo:
I don't agree with this, in principle.
My disagreement is not specific to company in Nigeria, but based on principle only.

The number and nature of intercompany transactions would depend on a company's Group structure, geo-locations of subsidiaries, capital equipment, raw material and service sourcing opportunities, supply chain and logistics, transfer pricing and tax laws applicable at subsidiary locations, forex availability issues, nature of business e.g. manufacturing, etc.
Some multinational Group companies have subsidiaries and business interests spread across several industries, sectors in several countries across different continents; and the above factors make it inevitable for them to have many intercompany transactions.

Speaking from experience.

💯

egojeny1:
Chai....this stock market sef. One needs to be careful. Diversification is the key

💯

phadriz:
Dey play!

CFO report in manner that the CEO & the board want it to be.

Any company that has so many intercompany transactions is a fraudulent company.

CFO and board wey Wale dey control like kilode?

Wale is lucky to be operating in Nigeria not US

Just dey play my fans...

I'm not remotely sure you know what happens in corporate finance.

mikeapollo:
I don't agree with this, in principle.
My disagreement is not specific to company in Nigeria, but based on principle only.

The number and nature of intercompany transactions would depend on a company's Group structure, geo-locations of subsidiaries, capital equipment, raw material and service sourcing opportunities, supply chain and logistics, transfer pricing and tax laws applicable at subsidiary locations, forex availability issues, nature of business e.g. manufacturing, etc.
Some multinational Group companies have subsidiaries and business interests spread across several industries, sectors in several countries across different continents; and the above factors make it inevitable for them to have many intercompany transactions.

Speaking from experience.

phadriz:
It is Creative Accounting (Window dressing). For you to know the extent of the fraud, check intercompany payable and receivable. You will discovered that most of the group funds are stock there. Unfortunately, you can not get the ledgers because AFS is summary.
Talking about principles all will be done in line with Accounting principles, but most fraudulent transactions are hidden there. All what you said are theory.

This is my field I know what I'm talking about.

"Indonesia’s plans to implement a B40 biodiesel mandate in 2025 have further tightened supply expectations.

The shift from the current B35 mandate could divert an additional 1.5-1.7 million tonnes of palm oil from the export market annually, exacerbating supply pressures.

Moreover, a potential B50 mandate, though less likely in early 2025 due to performance testing and infrastructure needs, remains an upside risk to prices in the coming year."

Sunrisepebble:
Those not in Presco already, I think this alongside naira depreciation are good signals for stellar Q3 and FY results.

https://www.malaymail.com/amp/news/money/2024/10/25/malaysias-palm-oil-surge-whats-driving-prices-to-biggest-highs-since-2022/154752

DYOR

phadriz:
It is Creative Accounting (Window dressing). For you to know the extent of the fraud, check intercompany payable and receivable. You will discovered that most of the group funds are stock there. Unfortunately, you can not get the ledgers because AFS is summary.
Talking about principles all will be done in line with Accounting principles, but most fraudulent transactions are hidden there. All what you said are theory.

This is my field I know what I'm talking about.

For instance Company A is a listed company and can get a product from Company Z (an external company) at 3m, the major owner of company A have a company called company D and give company A 20% holdings there to establishrelationshipin the group. Company A will pay Company D for the product upfront at 4m, then company D will buy it from company Z at 3m to supply company A. Anytime the major owners of the listed company (A) needs money they collect it and ask the finance to book it against company D interco.
The staff of company A will be the same staff running company D, yet they will be booking fictitous expenses in company D. They will get one hungry mushroom auditor who can dance to their tune to audit company D

I have picked small Aradel (N562.80) oh, God Bless me in it.

OakPearl:
City Code Trust just won’t change na.
They were my first brokers 26 years ago.
No internet to check price.
We will first be waiting for vendors to deliver Guardian and Vanguard newspapers from Lagos around 12 noon to see price list of the previous day to determine benchmark price to pay for stocks we wanted.
Next day you will come and be told price went up so you have balance to pay or your contract note will be withheld.
Kai!

Some of us still dey wear pampers then

Leave them, they’ll call us MH. It’s a shame I didn’t buy earlier

Emndy:
"Indonesia’s plans to implement a B40 biodiesel mandate in 2025 have further tightened supply expectations.

The shift from the current B35 mandate could divert an additional 1.5-1.7 million tonnes of palm oil from the export market annually, exacerbating supply pressures.

Moreover, a potential B50 mandate, though less likely in early 2025 due to performance testing and infrastructure needs, remains an upside risk to prices in the coming year."

Sunrisepebble:
Leave them, they’ll call us MH. It’s a shame I didn’t buy earlier

The runway for Presco over long not to talk of growth/quality/economic value added. There is no need preaching too much. Let Mr. time do its thing

phadriz:
For instance Company A is a listed company and can get a product from Company Z (an external company) at 3m, the major owner of company A have a company called company D and give company A 20% holdings there to establishrelationshipin the group. Company A will pay Company D for the product upfront at 4m, then company D will buy it from company Z at 3m to supply company A. Anytime the major owners of the listed company (A) needs money they collect it and ask the finance to book it against company D interco.
The staff of company A will be the same staff running company D, yet they will be booking fictitous expenses in company D. They will get one hungry mushroom auditor who can dance to their tune to audit company D

... and submit the report as at when due. That is not so difficult, don't we have hundreds of company doing exactly that?

Good morning All,

Do anyone has a list of companies in NIgeria paying dividends quarterly (or monthly)?

PETERiCHY:
Some of us still dey wear pampers then

Oando don bring you out

ghm:
Good morning All,

Do anyone has a list of companies in NIgeria paying dividends quarterly (or monthly)?

There's nothing like monthly dividend payment sir. It's mostly Interim and full year dividend