₦airaland Forum

Streetinvestor2:
Lol.Na for people way they chase stock. I will not even try it when opportunities go always dey somewhere else. The bull is still on penny stocks. No big guy has really done 10% .

That means your next watch is blue chip stocks that never shake body.
No more interested in penny stocks because they are beyond your entry price right?

NNPC Begins Modernization Of Kaduna And Second Port Harcourt Refineries

https://www.premiumtimesng.com/news/top-news/764892-kaduna-second-ph-refineries-undergoing-comprehensive-overhaul-nnpc.html

Baba Iyabo doings

Five companies that delivered over N1 trillion to investors in 2024 

https://nairametrics.com/2025/01/03/five-companies-that-delivered-over-n1-trillion-to-investors-in-2024/

To the FA crowd: Are we likely to see an upward repricing of most company assets as financial results start getting released? A Tokunbo car purchased for ₦2.5 million in 2022 is now worth ₦4 to ₦5 million. Similarly, land, buildings, and other assets have all seen significant price increases. I believe the asset sections of most stock reports will be revised upwards. How will the market react when this happens, or is it already adjusting in anticipation?

megawealth01:
NNPC Begins Modernization Of Kaduna And Second Port Harcourt Refineries

https://www.premiumtimesng.com/news/top-news/764892-kaduna-second-ph-refineries-undergoing-comprehensive-overhaul-nnpc.html

Baba Iyabo doings

Tinubu may yet be celebrated by the time he leaves office come 2031 if God permits

HesInMe:
I suspect you are conflating nominal GDP with real GDP.

Nominal GDP -- the raw GDP number -- is sensitive to inflation, and appears to be what you are thinking about. Real GDP adjusts the nominal one for inflation using something called the GDP deflator, so its growth is less remarkable but speaks to actual underlying progress in the economy.

Believe it or not, NBS is a top-notch organization. Their website, though...

I'm thinking of GDP being the gross value of all goods and services produced in a country over a year.

If every components of the GDP have increased by an average of 100% over a given period, the maths says the GDP itself should have increased by 100% not the mere 10% they're reporting.


Take electrical cables for instance, coils that sold for 8k in 2022 became 24k in 2024.

If contribution of coil manufacturing to GDP in 2022 was 1trn, if they've sold the same tonne in 2024, that contribution should have tripled to 3trn.

Then you take every single aspect of the GDP, agriculture being the largest, from beans to garri to rice, to cocoa, there's no produce that hasn't gotten 100% price hike, some 300%, cocoa is like 700%.

So why is agriculture measuring 10% growth, when all the produce probably have 150% growth.


How many Companies on the NSE were recording over 1trn in revenue in 2022, what are the numbers like in 2024?


That's the point I'm making.

The numbers aren't adding up.

emmanuelewumi:
I prefer him to Obabori, it was Obabori that spoke at the facts behind the figures and was the one that presented the forecast.

Olumekun is reserved compared to mouthed Obabori.

Olumekun and Obabori worked together at Red Star Express.

I don't know why they didn't renew Gupta's contract

Really concerning....don't know why they didn't even try to get a naija woman!
They better don't mess up with the Best holding on the NGX - bread and butter....(BE=free)

GeneralDae:
Where did you get the 198 trillion naira data from? As at Q2 2024, it was 229 trillion naira on the NGX website from what I saw.

My point is not on what the exact figures are.
It's on the growth being a paltry 10% when all the constituent goods and services have had perhaps 150%+ increase.

For simplicity.

Take the GDP in 2022 to 2024 to be like this:

2022. ... ....... 2024
Agriculture. 60trn. 120trn
Telecoms. 10trn. ..... 15trn
Industrial goods. 10trn. 20trn
Manufacturing. 10trn. 20trn
Oil and gas. 20 trn 60trn
Services. 70trn. 100trn
Total 180 335trn


From cement to tiles to malt to noodles and from the top line of companies' results the estimate are conservative.


Why is the growth not closer to 80%+?

That's my point.

Tinubu Gives Marching Orders On Road Maintenance Nationwide

https://leadership.ng/tinubu-gives-marching-orders-on-road-maintenance-nationwide/

Which COY will they use to achieve this?

Locotrader:
Oracle initiated most of these terms
We copied from him

Many of the slangs predated Oracle. He may have contributed. Slangs formation is always ongoing wherever humans are gathered and are interacting. That process wouldn't have waited for Oracle to appear on the scene before starting to happen on Nsempa.

megawealth01:
NNPC Begins Modernization Of Kaduna And Second Port Harcourt Refineries

https://www.premiumtimesng.com/news/top-news/764892-kaduna-second-ph-refineries-undergoing-comprehensive-overhaul-nnpc.html

Baba Iyabo doings

Bros, nothing significant happening on ground....as per info from phc and waffi!
If anyone have seen the contrary please share it here!
Anyways refinery is a long term deal...what happens in the months/years ahead.....
How far with huge oil find/drilling in bauchi?
Any news??

ositadima1:
To the FA crowd: Are we likely to see an upward repricing of most company assets as financial results start getting released? A Tokunbo car purchased for ₦2.5 million in 2022 is now worth ₦4 to ₦5 million. Similarly, land, buildings, and other assets have all seen significant price increases. I believe the asset sections of most stock reports will be revised upwards. How will the market react when this happens, or is it already adjusting in anticipation?

I believe the market is repricing not really bull

Locotrader:
That means your next watch is blue chip stocks that never shake body.
No more interested in penny stocks because they are beyond your entry price right?

Yes I have interest in transcorp for now.it was only charms as penny I wanted today.And afolabi units in total to round off what I had.


What we are seeing is it really bull.i just believe the penny stocks mostly are repricing based on massive devaluation of naira...my opinion. This is why I tag this yr as the yr of unlimited hammering on ngx. It will not be like so next yr..It is like what happened after covid crash.

https://doclib.ngxgroup.com/Financial_NewsDocs/42836_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_JANUARY_2025.pdf

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Oando Board Appoints *Mr. Ademola Akinrele (SAN)* as new Board Chairman effectively after the AGM as Oba Gbadebo Adedotun resigned as Chairman, and from the company

Just started my research into Aradel, found this investor presentation which might be useful for those interested too.

You could avoid clicking on the link by going directly to their website (Quick Investor downloads)

https://www.aradel.com/wp-content/uploads/2024/11/Analyst-Day-Presentation-2024.pdf

phemmie06:
https://doclib.ngxgroup.com/Financial_NewsDocs/42836_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_JANUARY_2025.pdf

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Oando Board Appoints *Mr. Ademola Akinrele (SAN)* as new Board Chairman effectively after the AGM as Oba Gbadebo Adedotun resigned as Chairman, and from the company

Just imagine this news is Wale resigns?

Picky1:
Really concerning....don't know why they didn't even try to get a naija woman!
They better don't mess up with the Best holding on the NGX - bread and butter....(BE=free)

The had a female Naija CEO prior to Gupta, she didn't do better than ber male contemporaries

emmanuelewumi:
The had a female Naija CEO prior to Gupta, she didn't do better than ber male contemporaries

Mrs. Olatokunbo Adenike Fagbemi

https://dailytrust.com/nahco-appoints-new-gmd-ceo-as-fagbemi-retires/

megawealth01:
Mrs. Olatokunbo Adenike Fagbemi

Mrs Folshade

emmanuelewumi:
Mrs Folshade

Ok

https://dailytrust.com/nahco-appoints-new-gmd-ceo-as-fagbemi-retires/

megawealth01:
Ok

https://dailytrust.com/nahco-appoints-new-gmd-ceo-as-fagbemi-retires/

They had series of CEOs some were sacked after a year


Mrs Folasade Ode was CEO for about 3 years or thereabout, until there was a reported case of fraud

awesomeJ:
My point is not on what the exact figures are.
It's on the growth being a paltry 10% when all the constituent goods and services have had perhaps 150%+ increase.

For simplicity.

Take the GDP in 2022 to 2024 to be like this:

2022. ... ....... 2024
Agriculture. 60trn. 120trn
Telecoms. 10trn. ..... 15trn
Industrial goods. 10trn. 20trn
Manufacturing. 10trn. 20trn
Oil and gas. 20 trn 60trn
Services. 70trn. 100trn
Total 180 335trn


From cement to tiles to malt to noodles and from the top line of companies' results the estimate are conservative.


Why is the growth not closer to 80%+?

That's my point.

Well increase in prices alone would not automatically boost the GDP at thesame rate of depreciation of the naira. For instance, many businesses and sme’s may have closed down during the early stage of the reforms (Q1 and Q2 2024). Slower purchase of goods by customers would mean the businesses are not having thesame sales volume, making the growth slower. Till date, telcos are making losses and are yet to have competitive pricing to make the kind of profit they made in 2022.

So I agree the growth should probably be higher than what the NBS is reporting, but I believe in 2024, the economy was struggling to adapt to the shocks. If the fx rate doesn’t depreciate steeply in 2025 and the inflation declines even to just 28%, you would see that economic growth reflect again and we would be better than we were in 2022.

Looking at the stock market for instance, as at May 2023, it was approximately $40 Billion ( using black market rate of 750). Today, using 1650, it is also geared towards $40 Billion.

emmanuelewumi:
They had series of CEOs some were sacked after a year


Mrs Folasade Ode was CEO for about 3 years or thereabout, until there was a reported case of fraud

I get. Adenike handed over to the Indian guy

Market Wrap: All-Share Index climbs to 103,586 points; CHAMS and OMATEK top gainers 

https://nairametrics.com/2025/01/03/market-wrap-all-share-index-climbs-to-103586-points-chams-and-omatek-top-gainers/

megawealth01:
Market Wrap: All-Share Index climbs to 103,586 points; CHAMS and OMATEK top gainers 

https://nairametrics.com/2025/01/03/market-wrap-all-share-index-climbs-to-103586-points-chams-and-omatek-top-gainers/

Curious to know who the long-standing CHAMS seller was and why they were selling. Whoever they are, they really had a very large quantity of the stock.

NSEstudent:
Curious to know who the long-standing CHAMS seller was and why they were selling. Whoever they are, they really had a very large quantity of the stock.

Same thing happened to Wale company ltd

The guy probably bought at 0.20

NettyNelly:
Export?
On normal production seasons, Malaysian Palm Olein are shipped to the coast of West Africa at competitive prices. Ghana is not excluded. I wonder where the Ghanaian company exports to for USD/EUR.
Do you have info about that?

Have you looked at this Acquisition?
Are they not overpaying for that Asset?

why i didn't buy much of presco. Don't know much about there management capital Allocation skill. OKOMUOIL is better quality.

VERITASKAP was the second most traded stock in the market today after Chams!

phemmie06:
https://doclib.ngxgroup.com/Financial_NewsDocs/42836_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_JANUARY_2025.pdf

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Oando Board Appoints *Mr. Ademola Akinrele (SAN)* as new Board Chairman effectively after the AGM as Oba Gbadebo Adedotun resigned as Chairman, and from the company

I guess we can now expect Oando's share redistribution very soon, after the resignation of the Chairman Board of Directors and appointment of a new one.

FX pressure seen easing on refineries’ resumption

https://businessday.ng/pro/article/fx-pressure-seen-easing-on-refineries-resumption/?amp

HesInMe:
If only that were the problem. The main challenge in insurance in Naija is the topline: Industry premiums are not growing fast enough compared to the market potential. People are just not insuring insurable risks. It's hard enough to compel car insurance, talk less of coverage for homes, businesses, life, and health.

So you will have all these companies with all these new shares demanding a return on investment, but the investment opportunities are just not there yet. Which rational investor would buy knowing that?

@ HesinMe

The problem is not the topline rather not reflecting at the bottomline.
Look at Prestige for example -
How can you generate 13.8b and use 14.8b as insurance service expense? Total making loss from their core business.
Most insurance company only pad their EPS and PAT from investment income and not insurance income which is not sustainable on the long run

Omooloriredade:
I agree insurance penetration and limited bouquet of insurance products continue to be a challenge for the insurance sector. However, I disagree the main challenge is topline growth. Don't get me wrong....it is still a challenge but not the major challenge. If you grow your topline because more Nigerians take up car insurance, do you think it will improve your bottomline? No, (imo), that business is not a profitable one in Naija. I assume everyone should know the reason why.

The key to an insurance company's success (particularly in Naija) is the ability to evolve and diversify. You would still need more capital to do this. There is a blueprint to follow. Custodian, Mansard are already leading the way. A few others are now following by establishing a "holdco" structure and diversifying. You don't have to focus on traditional insurance alone. NAICOM regulation stipulates the portion of your capital that must be reserved for "reinsurance", "reserved in a deposit money bank" and available for investment. A well capitalised insurance company can veer into virtually any profitable businesses (including banking, pension fund administration/custodianship, venture capitalism, fund management etc) provided they follow the regulation including relevant organisational structure.

There are examples of insurance businesses in Nigeria that one can understudy to understand what to do and not do inorder to succeed.

Aiico - Grew premiums massively over the years but struggled with bottomline. That company should not be where it is today.
Custodian - Evolved and diversified and is now the poster child of a well run company for the sector. Aiico was not Custodian's mate once upon a time.
IEI - Started off with a bang. Entered the O&G insurance sector to chop money but they didn't know what hit them there. Fighting for survival now.

Have a look at the results of insurance companies. You will find they make money (margins) from interest and investment income not their core business of insurance. Difficult operating enviroment as many have found. There's still opportunity for growth in traditional insurance space but that is a topic for another day.

#Evolve and diversify so you can thrive!!!

Disclaimer - Just an opinion. I could be wrong.

@ Omooloriredade ..

Look at the attached picture.
You will notice insurance expense and reinsurance are always taking a chunk of the revenue leaving the shareholders with next to nothing.