₦airaland Forum

yMcy56:
....and his wives can be jealous ehhnn
Happy married life in advance !
Wishing you God's all round mercy and success IJN.

ositadima1:
Let me explain what I know, as the "oversabi" guy that I am. Similar to treasury bills, the discount rate represents the percentage of the face value (the amount you initially invested) that will be paid to you upfront. For example, if you invest ₦1,000 at a 20% discount rate, you will receive ₦200 upfront after confirmation at the start of the tenure. This effectively means that what you actually invested is ₦800, which will be utilized by the issuer until maturity. At the end of the tenure, you will be paid back the full face value of ₦1,000.

The implied annual yield, on the other hand, takes into account the actual ₦800 you invested. It is calculated as ₦200 divided by ₦800, which reflects the return on the actual amount utilized. Note that the discount rate is calculated as ₦200 divided by ₦1,000.

Also, these values are annualized. For shorter tenures, the returns are prorated based on the actual length of the investment period.

Sunrisepebble:
Hearing some gist in Wapco, not a positive one. Not a sell advice yet either, im still inside. Will confirm later

yMcy56:
E ku market o. 😊




** There's one stock especially for long termers with good financial prints, just silent for now....
Aj8 already mentioned it sometimes ago, not too long.......it may deliver 50% or more in gain once they're ready for it. DD advised. 😊
...

ositadima1:
Series 6: A 180-day tenor with a discount rate of 24.99% and an implied annual yield of 28.50%, maturing on June 11, 2025.
Series 7: A 270-day tenor with a discount rate of 24.55% and an implied annual yield of 30.00%, maturing on September 9, 2025.

I believe it is always presented as an annualized rate; it think it is the standard practice.

KarlTom:
@Sunrisepebble
Any further update on this please?

Health3:
See Tantalizer

This one pain me because I sold too early

Ginalex:
15 days to go o... I pray make none of him wives attack me for road abeg

Sunrisepebble:
Still yet to confirm full details from the source. Source of initial gist however is saying he hasn't heard any contrary news, everything as expected

jideflash:
at 1600/$ = 254bn Naira

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million)
https://techfinancials.co.za/2024/12/12/bidvest-to-sell-bidvest-bank-to-nigerias-access-bank-for-r2-8-billion/

jideflash:
at 1600/$ = 254bn Naira

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million)
https://techfinancials.co.za/2024/12/12/bidvest-to-sell-bidvest-bank-to-nigerias-access-bank-for-r2-8-billion/

Agbalowomeri:
You are safe baby. We gat you

Raider76:
Who will buy @28 when the RI is @25, a more than 10% difference? The extension of the RI period to 30th December may also be discouraging people.

jideflash:
at 1600/$ = 254bn Naira

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million)
https://techfinancials.co.za/2024/12/12/bidvest-to-sell-bidvest-bank-to-nigerias-access-bank-for-r2-8-billion/

jonnysessy:
All this is tailored not to pay us good dividend the next financial year. well, we would continue to be patient after all, they are still the cheapest in FUGAZ. We are still there.

Streetinvestor2:
If access has all this fund to be buying. Why then did it come to market to dilute its shares via capitalization

NSEstudent:
You should know that the FG forced them.

ositadima1:
Dangcem may reach 915 by next year or early 2026, particularly when they increase their dividend to about 35 naira. It is a strong contender for a 100% return. This projection is purely based on technical valuation; I will conduct the FA later to see if both align. Feel free to challenge me (shoot me down) if this prediction fails, but if it does come true, remember it was me—the "oversabi" guy—who first brought it to your attention.

HesInMe:
Help us see what you're seeing. Here's Dangcem's recent progression of EBITDA margins:

FY23: 40.1%, down from 43.8% prior year
1Q: 37.9%, down from 45.7% prior year period
1H: 37.9%, down from 46.6% prior year period
9M: 35.5%, down from 43.8% prior year period

And here's how net debt has evolved:

FY23: N521.3B (gearing: 30.2%)
1Q: N558.8B (gearing: 24.7%)
1H: N915.7B (gearing: 42.3%
9M: N1,050.5B (gearing: 48.6%)

So margins are shrinking and debt is rising. How are you seeing both (I assume) a near-term dividend increase and multiple expansion?

ositadima1:
Let me explain what I know, as the "oversabi" guy that I am. Similar to treasury bills, the discount rate represents the percentage of the face value (the amount you initially invested) that will be paid to you upfront. For example, if you invest ₦1,000 at a 20% discount rate, you will receive ₦200 upfront after confirmation at the start of the tenure. This effectively means that what you actually invested is ₦800, which will be utilized by the issuer until maturity. At the end of the tenure, you will be paid back the full face value of ₦1,000.

The implied annual yield, on the other hand, takes into account the actual ₦800 you invested. It is calculated as ₦200 divided by ₦800, which reflects the return on the actual amount utilized. Note that the discount rate is calculated as ₦200 divided by ₦1,000.

Also, these values are annualized. For shorter tenures, the returns are prorated based on the actual length of the investment period.

megawealth01:
Dangote Refinery Exports First PMS Shipment To Cameron

https://nairametrics.com/2024/12/12/dangote-refinery-exports-first-pms-shipment-to-cameroon/

Raider76:
Refined oil is a global commodity. If one doesn't buy it, another will. You can't wish away a 650,000 bpd refinery.

megawealth01:
Dangote Refinery Exports First PMS Shipment To Cameron

https://nairametrics.com/2024/12/12/dangote-refinery-exports-first-pms-shipment-to-cameroon/

SonofElElyonRet:
David ?

handsomebolanle:
What’s the name of the stock ?

megawealth01:
I'm even waiting for them to come to NGX