₦airaland Forum

atigro:
You need to catch up with the reality. You dont have an idea how the diasporan's are impacting Nigeria economy positively. The japa effect is on full gear and its rewards is dripping in gradually. This new crop of Nigerians came prepared. Real estates, banks,fmcg,transports,TB,funds with institutional investors etc. Infact the current uncertainty in immigration is making every diasporan apprehensive and making them make wise decisions. No more unnecessary frivolities.
Diasporan remittances is not a joke because the way people are working their ass out is on an unprecedented level. So it's beyond "survival money" okay. Stop playing!

Raider76:
Oga. They didn't cancel the Ministry of the Niger Delta. They only changed the name and brought in other similar regional development Commissions. We need to help reduce the tension in our country not increase it with such dangerous rumors.

atigro:
You need to catch up with the reality. You dont have an idea how the diasporan's are impacting Nigeria economy positively. The japa effect is on full gear and its rewards is dripping in gradually. This new crop of Nigerians came prepared. Real estates, banks,fmcg,transports,TB,funds with institutional investors etc. Infact the current uncertainty in immigration is making every diasporan apprehensive and making them make wise decisions. No more unnecessary frivolities.
Diasporan remittances is not a joke because the way people are working their ass out is on an unprecedented level. So it's beyond "survival money" okay. Stop playing!

Bagwa:
16 Nigerian Stocks to own in 2025 :

1, Julius berger plc: N164 / first half earnings: Turnover: N243b & net profit : N11.4b / e.p.s : N7.17/ p.e ratio : 22/ Target is N250

2, OANDo plc: Share price : N77 / 2023 earnings: / e.p.s :N6 / p.e ratio: 12.8/ Target is N200

3, Presco plc: N485 / First half Turnover: N88b & net profit N38.8b / e.p.s N 38.8 / p.e ratio: 12.5/ Target is N650

4, Custodian plc: N11.65 / First half earnings: Turnover: N60b & net income N22.1b / e.p.s N3.77 / p.e ratio: 3.09 /Target is N18

5, UACN plc: N20.2 / First half earnings: Turnover; N83b & net income N8.9b / e.p.s N3K.04 /p.e ratio: 6.7/ target is N35

6, Conoil plc: N176/ First half earnings: Turnover: N180b & net income N8b / e.p.s N11.56 / p.e ratio; 15/ Target: N250

7, Total plc: N673/ First half earnings; turnover: N529b & net income N20.5 b/ e.p.s : N60/ p.e: 11.2/ target is N1,000

8, Bua foods plc; N 394 / First half earnings: Turnover:N 672b & net income N130b / e.p.s :N 7.27 / p.e ratio: 54/ Target: N550

9, Geregu plc: N 1,150 / First half earnings: N80b & net income N20b & e.p.s : N8 / p.e ratio: 143/ target is N1,500

10, Zenith Bank PLC: N37.45/ First half earnings: Turnover: N2 trillion & net income: N577b / e.p.s : N18.40/ p.e ratio: 2/Target is N50

11, Gt Bank plc: share price:N50 / First half earnings; Turnover: N702b & net profit; N494b / e.p.s : N16 / p.e ratio : 3.12/Target is N60

12, UBA plc: Share price :N25 / First half earnings: Turnover; N1.3b & net profit ; N300b / e.p.s : N9 / p.e ratio: 2.7/target: N35

13, Aradel plc: Share price: N620/ First half earnings: Turnover: N268b & net profit: N104b / e.p.s : N24 / p.e ratio: 25/Target is N1,400

14, Fidelity bank plc: Share price: N13 / First half earnings: Turnover: & net profit : N159b / e.p.s : N4.9/ p.e Ratio : 2.6/Target is N25

15, Seplat plc: Share price; N5,200/ first half earnings: Turnover: $421m & net profit: N244b / e.p.s: N91.7 / p.e Ratio: 56/Target is N,6,000

16, Access bank PLC: Share price:N19/ First half earnings: Turnover: N2.2 trillion & net profit: N281b / e.p.s : N5.3. /p.e ratio : 3.5/Target: N35

( E.P.S: means earnings per share/ P.E ratio is price earnings ratio) ( If am to select 6 best; Julius berger, OANDo, fidelity bank, Presco, UACN, Zenith)

Thanks, David atta

designking:
Yes for sure. Somebody earning ₦35,000 in September and his salary increased to ₦75,000 in October should be able to buy more food items.

He simply have more funds and higher purchasing power.

Pesuzok:
Are you sure you go to the market?

phadriz:
I don't post to win an argument but to pass a message, I intentionally delete that because I know it will move to another side of argument but since you read it someone already replied it I will explain for you to understand.

Like you said the person will send in £100 does it mean the person has increase the money sent home? No is only the naira value that increase due to devaluation. Pre 2022, diasporans send in FX but now they do currency swap among themselves instead of sending FX home. Mr A need 1m naira to send to people in Nigeria, he will post on different WhatsApp groups and give someone who has naira to swap his pounds. By doing that the FX inflow to Nigeria won't improve, it just recirculation of naira. The worst he will do is to go to Lemfi and other Fintech app to sell. How many people do you see on western Union desk in the bank unlike before?

You said prices of land are going up because diasporans are rushing it. No sir, land prices are going up due to devaluation and general inflation. I can tell you that people who japa in 2021 & early 2022 to the UK are now at the stage of getting mortgage, some are even selling their houses in Nigeria to use for mortgage deposit, this is fact I don't do guess talk.

On Unilever, looking at the P&L of the Q3 reports you will say the company did better, but I don't just look at that, 2023 result wasn't okay majorly due to the loss on discontinued operations, if you check their cash flow you will a significant drop in their liquidity, check the current assets there is a significant increase in trade receivable and inventories, also their current liabilities has grown with over 33% those are not a good signs for me. Don't just look at P&L to judge a company performance. In corporate finance liquidity is key. Other manufacturing companies are yet to release Q3, but their Q2 is worse. My point goes back to the fact that if the economy doesn't improve manufacturers will suffer more. If purchasing power of the people keep going down, crime rate rate will increase, we may start seeing warehouses & banks looting.

Pesuzok:
Are you sure you go to the market?

Bagwa:
16 Nigerian Stocks to own in 2025 :

1, Julius berger plc: N164 / first half earnings: Turnover: N243b & net profit : N11.4b / e.p.s : N7.17/ p.e ratio : 22/ Target is N250

2, OANDo plc: Share price : N77 / 2023 earnings: / e.p.s :N6 / p.e ratio: 12.8/ Target is N200

3, Presco plc: N485 / First half Turnover: N88b & net profit N38.8b / e.p.s N 38.8 / p.e ratio: 12.5/ Target is N650

4, Custodian plc: N11.65 / First half earnings: Turnover: N60b & net income N22.1b / e.p.s N3.77 / p.e ratio: 3.09 /Target is N18

5, UACN plc: N20.2 / First half earnings: Turnover; N83b & net income N8.9b / e.p.s N3K.04 /p.e ratio: 6.7/ target is N35

6, Conoil plc: N176/ First half earnings: Turnover: N180b & net income N8b / e.p.s N11.56 / p.e ratio; 15/ Target: N250

7, Total plc: N673/ First half earnings; turnover: N529b & net income N20.5 b/ e.p.s : N60/ p.e: 11.2/ target is N1,000

8, Bua foods plc; N 394 / First half earnings: Turnover:N 672b & net income N130b / e.p.s :N 7.27 / p.e ratio: 54/ Target: N550

9, Geregu plc: N 1,150 / First half earnings: N80b & net income N20b & e.p.s : N8 / p.e ratio: 143/ target is N1,500

10, Zenith Bank PLC: N37.45/ First half earnings: Turnover: N2 trillion & net income: N577b / e.p.s : N18.40/ p.e ratio: 2/Target is N50

11, Gt Bank plc: share price:N50 / First half earnings; Turnover: N702b & net profit; N494b / e.p.s : N16 / p.e ratio : 3.12/Target is N60

12, UBA plc: Share price :N25 / First half earnings: Turnover; N1.3b & net profit ; N300b / e.p.s : N9 / p.e ratio: 2.7/target: N35

13, Aradel plc: Share price: N620/ First half earnings: Turnover: N268b & net profit: N104b / e.p.s : N24 / p.e ratio: 25/Target is N1,400

14, Fidelity bank plc: Share price: N13 / First half earnings: Turnover: & net profit : N159b / e.p.s : N4.9/ p.e Ratio : 2.6/Target is N25

15, Seplat plc: Share price; N5,200/ first half earnings: Turnover: $421m & net profit: N244b / e.p.s: N91.7 / p.e Ratio: 56/Target is N,6,000

16, Access bank PLC: Share price:N19/ First half earnings: Turnover: N2.2 trillion & net profit: N281b / e.p.s : N5.3. /p.e ratio : 3.5/Target: N35

( E.P.S: means earnings per share/ P.E ratio is price earnings ratio) ( If am to select 6 best; Julius berger, OANDo, fidelity bank, Presco, UACN, Zenith)

Thanks, David atta

designking:
You are focusing on the worker buying lesser items even with over 100% increase in their Salaries. What I am looking at is companies getting more cash volume from from sales.
The additional ₦10trillion - ₦15trillion will end up in banks and also flow to companies as payment for goods and services, won't that have a positive outlook for stock prices?

phadriz:
Companies will get out of forex losses how? Are Nigerian companies selling their products in dollars? Are you saying the accumulated losses will wipe away automatically? Trade surplus will increase when Nigeria is an import economy, a country that couldn't meet OPEC quota.
I think pipeline vandalism will be on the raise in 2025 with the cancellation of ministry of Niger Delta.

Ginalex:
And food prices are being held constant by Amadioha right ? Price of a bag of rice 3 weeks ago was 85k, today it's 105k. When minimum wage was 19,800 bag of rice was 6k hope you know? Who's better off in this case? The person earning 19,800 when rice was 6k per bag or the person earning 75k when a bag of rice is 105k

Ginalex:
The bolded is funny sha... "...more cash volume from sales..." because "sales" manufacture themselves ba?? No be people wey dey go buy "lesser items" sales go come from? Abi na aliens ... Abeg where you from the manufacture 10 and 15 trillion?? Na so e easy? we are talking people having lesser purchasing power and you're talking "more sales"?? Abi na me no understand economics again??😔 😔 😔 As per the backyard school wey I go

purity2all:
Which news, sir?

purity2all:
Which news, sir?

designking:
I started buying Nigeria stocks after I discover this thread.

I have learnt a lot from the good, the bad and the ugly. I take every side of discuss very seriously here.

One thing I have personally realised is that to make good money on the NGX, one need to invest at least a million naira per stock on your portfolio. Some stock movement might not happen again in a lifetime.... When these big moves happens, it ought to set you up financially but if you invest little, the share price fantastic movement will only give you peanut.

I was reviewing my portfolio this morning, I realised that my Ellah Lake shares have done almost 100% ROI but Na just one bag of rice I can buy with that fantastic movement. I used only about 2% of my portfolio to purchase the Ellahlake.

I don't want to make that same mistake with Access Bank.

ositadima1:
Let's be discussing with understanding. If the minimum wage was ₦30,000 and is now ₦70,000, consider how many federal and state government workers there are in Nigeria. Multiply those numbers and you'll see where these figures are coming from.

Now, everyone is talking about minimum wage, but do you realize some people's salaries will increase from ₦10 million to ₦14 million per year, while others will move from ₦4 million to ₦6 million, depending on their level?

I don't understand the arguments you and the other person are making. Even if they only add ₦1,000 to your salary, your purchasing power is now higher than before - at least you can afford an additional bottle of Hero beer.

designking:
I started buying Nigeria stocks after I discover this thread.

I have learnt a lot from the good, the bad and the ugly. I take every side of discuss very seriously here.

One thing I have personally realised is that to make good money on the NGX, one need to invest at least a million naira per stock on your portfolio. Some stock movement might not happen again in a lifetime.... When these big moves happens, it ought to set you up financially but if you invest little, the share price fantastic movement will only give you peanut.

I was reviewing my portfolio this morning, I realised that my Ellah Lake shares have done almost 100% ROI but Na just one bag of rice I can buy with that fantastic movement. I used only about 2% of my portfolio to purchase the Ellahlake.

I don't want to make that same mistake with Access Bank.

Ginalex:
Mr. Osita, I expect you to understand that the increase in salaries and wages (which most times happens once a year)is nothing compared to how much the prices of goods and services have increased. Heck what you bought for 1 naira today, has more than doubled in a month such that most have resort to buying less quantity for same price compared to what they could afford before while some others can't even afford even half of what they're used to because despite the so called "increase" in salaries, but in real terms have lesser purchasing power

ositadima1:
Besides, all these millions and thousands of naira are now overrated. As Soludo proposed during his tenure as CBN Governor, we should remove one zero from all denominations - ₦100 should become ₦10.

Similarly, when you hear ₦350,000, it should be ₦35,000, and a ₦5 million transaction should be ₦500,000.

This redenomination would help us better understand the real value of our currency. All these thousands we're throwing around are inflated figures. Under this system, the dollar would be worth approximately ₦160.

Raider76:
This doesn't stop your currency falling further once you make the mistake of dollarizing your economy like we have done. A case in point is Ghana. They removed all the zeros and forced back to 1cedi=$1. Today they have slid down to 16cedi=$1 and counting. That is 16x fall in the currency.

Raider76:
This doesn't stop your currency falling further once you make the mistake of dollarizing your economy like we have done. A case in point is Ghana. They removed all the zeros and forced back to 1cedi=$1. Today they have slid down to 16cedi=$1 and counting. That is 16x fall in the currency.

designking:
The list looks perfect except the Oando inclusion.

Princkez:
TRANSCORP q3 2024 will be a bomb....#100+ loading

Princkez:
TRANSCORP q3 2024 will be a bomb....#100+ loading