₦airaland Forum

ositadima1:
You keep going on with this fuel talk, which is actually dumb. Why don’t you look at their latest financials and do some proper research? Did you see the ₦2 trillion in borrowing? How much do you think they’re paying in interest? What about the high-tech equipment that needs replacement? Do you really think a Zenith Bank manager earns anywhere near a certified specialist engineer? You think MTNN is the main source of communication? Don’t you know they pay service providers as roaming costs, plus all the licenses they have to offset, etc.? Even before the forex wahala, MTNN’s equity in the business was about ₦300 billion — most of what you see is debt-driven.

Your case is different. The 2% monthly margin you claim to make comes with high risk. Please, since you’re hyping your gains, also let us know when you eventually hit huge losses that will force you into becoming a long-term investor.

I no get strength to fight ..lol.My question has been same concerning mtn since it became lissted. Why was mtn making big margins in profit before it got listed with all u wrote thr and was sending heavy money back to SA.
What changed after listing that the profit magin dropped seriously .It can not just be the effect of new OS.I believe the management is seriously short changing Nigerians since they became shareholders in the business via accounting engineering..lol.I no they whr forced to list on ngx

GeneralDae:
Let’s all just wait and follow the Taiwo Oyedele meeting. We would summarize the nuances after that.

I entered a twitter space two days ago where tax (as related to the stock market and fixed income market) was being discussed, they invited a tax expert but I entered late and they were almost done. But it seemed the tax guy (guest speaker) did a good job answering most of the questions.

So I believe there would be clarity when more of these guys come out to explain the nuances involved.

I strongly believe they have modelled their system based on the European model but in a little bit more progressive way.

Is it only when it comes to squeezing the people that we know we have to model European/advance countries?
When it comes to taxing, increasing fuel price, education fees etc. We remember ours is low compared to other African countries and Europe but when it comes to raising salaries, good and proper train networks, electricity, subsides on many sectors and commodities, we tend to keep silence.

Streetinvestor2:
Why was it not like that when it was not listed. They whr making big profits and sending to SA.
It became listed on ngx and the result changed

It was reluctantly listed.

Listing was part of the agreement for them to settle the issues they had with FGN..


Because they were repatriating profit to South Africa might also be another reason why they are highly leveraged.

Lafarge Africa was in Nigeria for about 60 years, but never invest heavily in Nigeria busy repatriating profit to France now they are playing catch up with Dangote Cement and BUA cement who are younger than Lafarge in the industry.


Same with Mobil Oil, Total Energy (down stream), they enjoyed subsidy windfall from 1993 to 2023, but never had a reserve which they could use to build a refinery in Nigeria, with the coming of Dangote Refinery and end of fuel subsidy, they will struggle for survival and profitability

emmanuelewumi:
It was reluctantly listed.

Listing was part of the agreement for them to settle the issues they had with FGN..


Because they were repatriating profit to South Africa might also be another reason why they are highly leveraged.

Lafarge Africa was in Nigeria for about 60 years, but never invest heavily in Nigeria busy repatriating profit to France now they are playing catch up with Dangote Cement and BUA cement who are younger than Lafarge in the industry.


Same with Mobil Oil, Total Energy (down stream), they enjoyed subsidy windfall from 1993 to 2023, but never had a reserve which they could use to build a refinery in Nigeria, with the coming of Dangote Refinery and end of fuel subsidy, they will struggle for survival and profitability

They are going the way of the dodo

Streetinvestor2:
I no get strength to fight ..lol.My question has been same concerning mtn since it became lissted. Why was mtn making big margins in profit before it got listed with all u wrote thr and was sending heavy money back to SA.
What changed after listing that the profit magin dropped seriously .It can not just be the effect of new OS.I believe the management is seriously short changing Nigerians since they became shareholders in the business via accounting engineering..lol.I no they whr forced to list on ngx

I am not sure that they were "making huge margins before and that margins have now dropped significantly after listing to the ngx". Sometimes, we hold beliefs that may be incorrect and then use them as the basis of our arguments.

Now, let’s look at the facts and some estimations:
MTNN was listed on the NGX in May 2019. I checked their financials prior to that, since the NGX portal usually keeps at least one financial year before listing. In 2018, they made about ₦1 trillion in revenue, ₦140 billion in profit, and had about ₦200 billion in shareholders’ equity. Debt was also relatively low at about ₦140 billion. This doesn’t reflect the kind of drastic margin changes you are claiming.

Then there’s the issue of the repatriation of funds, which the Senate at the time claimed was $13.9 billion between 2006 and 2016 (an accumulated figure over those years), later narrowed down to $8.1 billion. Assuming an average exchange rate of ₦170/$ during that period (a conservative estimate, since the actual average was lower), $13.9 billion converts to about ₦2.36 trillion. Dividing that across the 11 years (2006–2016) gives an average of roughly ₦214 billion per year. Again, this does not suggest drastic margin changes.

Earning about ₦214 billion per year with low borrowing—especially in the early years before Glo entered the market, when MTNN enjoyed higher rates and aggressive charging patterns—indicates they were consistently profitable. In light of this, I don’t think MTNN is manipulating their books as you are insinuating. But if you have facts or clear assumptions that suggest otherwise, feel free to bring them forward.

ProphetUtuocha:
May we not be deaf to hear, and weak to act:
---------------------------------------------------------------
I foresee the Nigerian stock market, after enduring storms of inflation, FX volatility, and regulatory unpredictability, rising like the phoenix. Dangote Cement will be recognized by discerning investors as underpriced as its margins and growth will pull its valuation upward. MTN Nigeria will regain its footing, its losses from currency shifts will be tempered, and its revenue streams in data and services will shine, making the stock sought-after. Oando ... the jewel of our time, having shown what it can do in upstream growth and profit recovery, will break through investor skepticism, and its current price will be seen as a bargain for those patient and bold enough to hold on!

The market sleeps beneath a stormy sky,
Yet dawn shall break, and hope will rise.
From ashes deep, the phoenix soars,
Nigeria’s bourse will shine once more.

Dangote’s stone, firm in the earth,
Holds hidden strength, a rising worth.
Though costs may bite and shadows loom,
Its golden yield shall pierce the gloom.

MTN, the voice across the land,
Bruised by winds it could not stand,
Shall find its song, its signal clear,
And call investors back this year.

Oando, flame of oil and fire,
Tested hard by debt and ire,
Yet in its wells new promise flows,
A hidden gem the market knows.

So mark these words, O watchful eyes,
The market soon again shall rise.
What seems undervalued now, shall glow.
A prophet’s seed, in time, will grow.

FO still accumulating FirstHoldCo from all angles.

emmanuelewumi:
It was reluctantly listed.

Listing was part of the agreement for them to settle the issues they had with FGN..


Because they were repatriating profit to South Africa might also be another reason why they are highly leveraged.

Lafarge Africa was in Nigeria for about 60 years, but never invest heavily in Nigeria busy repatriating profit to France now they are playing catch up with Dangote Cement and BUA cement who are younger than Lafarge in the industry.


Same with Mobil Oil, Total Energy (down stream), they enjoyed subsidy windfall from 1993 to 2023, but never had a reserve which they could use to build a refinery in Nigeria, with the coming of Dangote Refinery and end of fuel subsidy, they will struggle for survival and profitability

I always admire your insight on matters, whether i support it or not.

emmanuelewumi:
It was reluctantly listed.

Listing was part of the agreement for them to settle the issues they had with FGN..


Because they were repatriating profit to South Africa might also be another reason why they are highly leveraged.

Lafarge Africa was in Nigeria for about 60 years, but never invest heavily in Nigeria busy repatriating profit to France now they are playing catch up with Dangote Cement and BUA cement who are younger than Lafarge in the industry.


Same with Mobil Oil, Total Energy (down stream), they enjoyed subsidy windfall from 1993 to 2023, but never had a reserve which they could use to build a refinery in Nigeria, with the coming of Dangote Refinery and end of fuel subsidy, they will struggle for survival and profitability

Total energies ( down stream ) FY2025 result will be appalling . They really need to re-strategize and adapt.

Shalom428:
Total energies ( down stream ) FY2025 result will be appalling . They really need to re-strategize and adapt.

They will sell the company and leave

Shalom428:
Total energies ( down stream ) FY2025 result will be appalling . They really need to re-strategize and adapt.

Most players in the sector will have same issue.

I sold all my Total Energy holdings

emmanuelewumi:
Most players in the sector will have same issue.

I sold all my Total Energy holdings

Nawao, I think say na only me, I dont port enter Dangcem teh teh, Dangcem most favour me ooo.

ositadima1:
I am not sure that they were "making huge margins before and that margins have now dropped significantly after listing to the ngx". Sometimes, we hold beliefs that may be incorrect and then use them as the basis of our arguments.

Now, let’s look at the facts and some estimations:
MTNN was listed on the NGX in May 2019. I checked their financials prior to that, since the NGX portal usually keeps at least one financial year before listing. In 2018, they made about ₦1 trillion in revenue, ₦140 billion in profit, and had about ₦200 billion in shareholders’ equity. Debt was also relatively low at about ₦140 billion. This doesn’t reflect the kind of drastic margin changes you are claiming.

Then there’s the issue of the repatriation of funds, which the Senate at the time claimed was $13.9 billion between 2006 and 2016 (an accumulated figure over those years), later narrowed down to $8.1 billion. Assuming an average exchange rate of ₦170/$ during that period (a conservative estimate, since the actual average was lower), $13.9 billion converts to about ₦2.36 trillion. Dividing that across the 11 years (2006–2016) gives an average of roughly ₦214 billion per year. Again, this does not suggest drastic margin changes.

Earning about ₦214 billion per year with low borrowing—especially in the early years before Glo entered the market, when MTNN enjoyed higher rates and aggressive charging patterns—indicates they were consistently profitable. In light of this, I don’t think MTNN is manipulating their books as you are insinuating. But if you have facts or clear assumptions that suggest otherwise, feel free to bring them forward.

We can't even use the senate figures to judge MTN.
It would have been better if we can lay our hand on their audited account for those years.
I personally don't believe all those stories about bogus earnings before the company was listed. Might just be one of those fabricated news.

ositadima1:
I am not sure that they were "making huge margins before and that margins have now dropped significantly after listing to the ngx". Sometimes, we hold beliefs that may be incorrect and then use them as the basis of our arguments.

Now, let’s look at the facts and some estimations:
MTNN was listed on the NGX in May 2019. I checked their financials prior to that, since the NGX portal usually keeps at least one financial year before listing. In 2018, they made about ₦1 trillion in revenue, ₦140 billion in profit, and had about ₦200 billion in shareholders’ equity. Debt was also relatively low at about ₦140 billion. This doesn’t reflect the kind of drastic margin changes you are claiming.

Then there’s the issue of the repatriation of funds, which the Senate at the time claimed was $13.9 billion between 2006 and 2016 (an accumulated figure over those years), later narrowed down to $8.1 billion. Assuming an average exchange rate of ₦170/$ during that period (a conservative estimate, since the actual average was lower), $13.9 billion converts to about ₦2.36 trillion. Dividing that across the 11 years (2006–2016) gives an average of roughly ₦214 billion per year. Again, this does not suggest drastic margin changes.

Earning about ₦214 billion per year with low borrowing—especially in the early years before Glo entered the market, when MTNN enjoyed higher rates and aggressive charging patterns—indicates they were consistently profitable. In light of this, I don’t think MTNN is manipulating their books as you are insinuating. But if you have facts or clear assumptions that suggest otherwise, feel free to bring them forward.

I don't have any figures. I have been saying it based on the repatriation figures that was appearing on media. I didn't know the large figures was spread along this many yrs.i was thinking it was 2-3 yrs frame

emmanuelewumi:
Most players in the sector will have same issue.

I sold all my Total Energy holdings

U whr fast and maybe got good bargain.
I sold some at 700 plus.Some are still hanging on my neck even at below 600 no deal

With the decrease in the demand for dollar by fuel importers

I think it is very possible to have N1300 to $1 in the next 6 months

ositadima1:
Nawao, I think say na only me, I dont port enter Dangcem teh teh, Dangcem most favour me ooo.

I sold mine early this January sef with dwindling margins

ositadima1:
I am not sure that they were "making huge margins before and that margins have now dropped significantly after listing to the ngx". Sometimes, we hold beliefs that may be incorrect and then use them as the basis of our arguments.

Now, let’s look at the facts and some estimations:
MTNN was listed on the NGX in May 2019. I checked their financials prior to that, since the NGX portal usually keeps at least one financial year before listing. In 2018, they made about ₦1 trillion in revenue, ₦140 billion in profit, and had about ₦200 billion in shareholders’ equity. Debt was also relatively low at about ₦140 billion. This doesn’t reflect the kind of drastic margin changes you are claiming.

Then there’s the issue of the repatriation of funds, which the Senate at the time claimed was $13.9 billion between 2006 and 2016 (an accumulated figure over those years), later narrowed down to $8.1 billion. Assuming an average exchange rate of ₦170/$ during that period (a conservative estimate, since the actual average was lower), $13.9 billion converts to about ₦2.36 trillion. Dividing that across the 11 years (2006–2016) gives an average of roughly ₦214 billion per year. Again, this does not suggest drastic margin changes.

Earning about ₦214 billion per year with low borrowing—especially in the early years before Glo entered the market, when MTNN enjoyed higher rates and aggressive charging patterns—indicates they were consistently profitable. In light of this, I don’t think MTNN is manipulating their books as you are insinuating. But if you have facts or clear assumptions that suggest otherwise, feel free to bring them forward.

Never let the facts get in the way of a good a story

https://www.youtube.com/watch?v=RVcFzte8J48

A few stocks I'd be watching in today's trading session

DING!!!

Ding!!!!

emmanuelewumi:
It was reluctantly listed.

Listing was part of the agreement for them to settle the issues they had with FGN..

Because they were repatriating profit to South Africa might also be another reason why they are highly leveraged.

Lafarge Africa was in Nigeria for about 60 years, but never invest heavily in Nigeria busy repatriating profit to France now they are playing catch up with Dangote Cement and BUA cement who are younger than Lafarge in the industry.


Same with Mobil Oil, Total Energy (down stream), they enjoyed subsidy windfall from 1993 to 2023, but never had a reserve which they could use to build a refinery in Nigeria, with the coming of Dangote Refinery and end of fuel subsidy, they will struggle for survival and profitability

I don't think Lafarge Africa had been in Nigeria for 60 years.
The company was originally founded and operated as West African Portland Cement (WAPCO), owned by Western Nigeria Government, before Lafarge acquired it in 2001.

Pa Emma pls download grok instead of that your meta Ai.meta is EBA!

Unity bank is off the hook. Suspension lifted!

faoogoke:
Unity bank is off the hook. Suspension lifted!

Full bid, no single drop yet....
The rejected stone....

yMcy56:
Full bid, no single drop yet....
The rejected stone....

The gist never enter street.wait and see how far by Monday.. lol

yMcy56:
Full bid, no single drop yet....
The rejected stone....

A TOTAL OF 4,001,368,233 UNITS OF UNITY BANK PLC WERE DONE AS AN OFF-MARKET TRADE TODAY IN THREE DEALS. THE TRANSACTION WAS A NEGOTIATED DEAL BETWEEN CORDROS SECURITIES LIMITED AS SELLER AND PAC SECURITIES LTD AS BUYER.

mikeapollo:
I don't think Lafarge Africa had been in Nigeria for 60 years.
The company was originally founded and operated as West African Portland Cement (WAPCO), owned by Western Nigeria Government, before Lafarge acquired it in 2001.

Western Nigeria used to be a core investor through their investment company called Odu Investment.

Odu Investment owned owned the industrial estates at Ilupeju, Ikeja, Ogba , Isolo and also owned shares in all the companies in the estate.

We used to have regional government in Nigeria over 60 years ago.


Lafarge Africa is more than 60 years in Nigeria


Find below the answer from chatgpt

Otedola splurging 2 billion on 64.88 million units of First Bank. Is he now ready to push the stagnant market. It appears the coast is getting clear now for first bank