₦airaland Forum

oxx4:
Una go just open mouth wa and rubbish go dey comot for there. A simple search will show you the the company has grown the seed funding of $1bn from 2013 to over $3bn. Make una stop the country hate

Must you be rude, disrespectful and use derogatory words because you decided to support and bootlick a govt?
Do you understand the meaning of the word ''probably''?
The people who hate the country are the ones making the citizens to suffer unprecedented untold hardship while they award dubious N16 trillion contract to their cronies and friends without competitive tender process, no NASS approval, no budgetary scrutiny and approval, no transparency, no accountability.

Agbalowomeri:
NB and CADBURY back to losses in quarter 3
Wetin dey sup?

It was inflation accounting profit

chimex38:
Lol.. I dont think so sha..
ee never reach like that.


Thats commendable at least.
But the crux of the matter is to reduce borrowing and use part of the "grown seed" of $3bn(as you say) to fund the budget deficit. That's primarily the mandate of the stabilization fund.. To assist fiscal deficits.
Not growing funds ab initio till infinity.

Apart from borrowing for infrastructure or so which could be fair..

The crux of that over ₦1Trillion borrowing is to fund previous borrowing(Eurobond maturity, budget deficit, amongst others).
Where is the stabilization Fund in these equation?

I think our people need to pay more attention to our budget.
We have a national budget the government is working on.
The budget has a deficit of about N13 trillion which is to be financed by domestic and external borrowing.
That is to say that even if we meet our revenue target,we will still have a shortfall of about N13 trillion.
I sincerely don't know how you think a stabilisation fund of about $3 billion is what should be used to finance a year budget deficit of about N13 trillion.
We still need a long way to go, the money we are generating as a country is still very low in relation to our population.

pluto09:
I think our people need to pay more attention to our budget.
We have a national budget the government is working on.
The budget has a deficit of about N13 trillion which is to be financed by domestic and external borrowing.
That is to say that even if we meet our revenue target,we will still have a shortfall of about N13 trillion.
I sincerely don't know how you think a stabilisation fund of about $3 billion is what should be used to finance a year budget deficit of about N13 trillion.
We still need a long way to go, the money we are generating as a country is still very low in relation to our population.

What a balablu story. In ur individual capacity. Do u make budget to the turn of unreasonable deficit while hanging to meet it via borrowing when u said u met a bad economy. U have a budget hanging on large deficit because of expected income shortage. Then u first go out on jamboree spending on wants and waste with what is available on hand.which prudent management does that.U are running ur budget on deficit based on anticipated revenue yet ur cabinet is bloated with appointments.The citizens bear the pains of hard times while u and ur class live larger than llife.
All these stories is because it didn't succeed. They would all have been explaining in under ground cells by now or be explaining to baba God thr actions on earth

NSEstudent:
Thanks for this.

So, in summary, the common sense SP = average quarterly eps x 4 x 4

Yes....correct. that's the conservative average generally.

However
But based on specific results of some stocks and the nature of business(low OS, economic necessity, Brand name popularly, MOAT factor, expansions, good and regular dividend payments, good dividend yield, etc) he could use
EPS x 4x5 OR EPS x 4x6 or (inbetweens)

For negative perception within the stock and stained result
(e.g bloated OS, Accumulated debt on balance sheet, -ve equity, poor dividend or no dividends, sector standards etc
he could apply a penalty of 50%,75%, etc.
That is: EPS x 4x 4 x 50%(0.5)
or EPS x 4 x 4 x 75%(0.75) as the case may be..

You could customise it according to your own valuation and due diligence as well.

pluto09:
I think our people need to pay more attention to our budget.
We have a national budget the government is working on.
The budget has a deficit of about N13 trillion which is to be financed by domestic and external borrowing.
That is to say that even if we meet our revenue target,we will still have a shortfall of about N13 trillion.
I sincerely don't know how you think a stabilisation fund of about $3 billion is what should be used to finance a year budget deficit of about N13 trillion.
We still need a long way to go, the money we are generating as a country is still very low in relation to our population.

Why is the budget so large if we are not productive? It looks over-bloated, all these ₦13 trillion budgets that show no real justification after implementation. But correct me if I’m wrong: most of what the government spends goes to salaries, which are naira-denominated, and then supposedly to capital projects.

The government has been investing in these capital projects for years, yet they don’t seem to generate real value. What percentage of Nigerians actually benefit from these massive expenditures? Most citizens and businesses still provide everything for themselves, electricity, water, security, and so on. The only thing we all seem to enjoy are a few roads.

We keep borrowing billions of dollars to close budget shortfalls, yet there’s nothing concrete to show for it.

Yoursfaithful:
Shey you follow say dark is coming now you see dark result you dey look for wetin dey sup

King of dark can't bear it any longer

Make anyone way dey vex on my post this days be calming down if u see it as not related to stocks. No be my fault. Na the government fault. Ordinary the q3 results suppose make me concentrate on stocks but the government come spoil the flavour with planned yeye policy called CGT after the wan I dey face for street
So I have nothing else to do than face the root cause of what is not favouring the market .
For now I no see watin to talk about in the market as market no send q3 results coming out

https://open.spotify.com/episode/2UDgzyxMlew5obH0MaWoLw

Thoughts on Dangote cement 9M 2025 earnings

pluto09:
I think our people need to pay more attention to our budget.
We have a national budget the government is working on.
The budget has a deficit of about N13 trillion which is to be financed by domestic and external borrowing.
That is to say that even if we meet our revenue target,we will still have a shortfall of about N13 trillion.
I sincerely don't know how you think a stabilisation fund of about $3 billion is what should be used to finance a year budget deficit of about N13 trillion.
We still need a long way to go, the money we are generating as a country is still very low in relation to our population.

Fair enough, if it's $3bn, then probably not enough as you stated.
If you read my previous reply I was not against borrowing for infrastructure.
I am against the bulk of the borrowing catering for previous borrowing that's due next month(Akpabio said it on the floor of the senate).
How sustainable?

You and I will bear the consequence of this new borrowings through aggressive taxation amongst others. Not for social amenities, but to cater for borrowings and the cycle continues.

https://www.youtube.com/watch?v=CO1nwFN5Eoc

Midday Update on trading so far on the NGX today.

chimex38:
Fair enough, if it's $3bn, then probably not enough as you stated.
If you read my previous reply I was not against borrowing for infrastructure.
I am against the bulk of the borrowing catering for previous borrowing that's due next month(Akpabio said it on the floor of the senate).
How sustainable?

You and I will bear the consequence of this new borrowings through aggressive taxation amongst others. Not for social amenities, but to cater for borrowings and the cycle continues.

That means if this government ever comes back(God forbid).They fit amend the tax/CGT go 40%..lol

chimex38:
Yes....correct. that's the conservative average generally.

However
But based on specific results of some stocks and the nature of business(low OS, economic necessity, Brand name popularly, MOAT factor, expansions, good and regular dividend payments, good dividend yield, etc) he could use
EPS x 4x5 OR EPS x 4x6 or (inbetweens)

For negative perception within the stock and stained result
(e.g bloated OS, Accumulated debt on balance sheet, -ve equity, poor dividend or no dividends, sector standards etc
he could apply a penalty of 50%,75%, etc.
That is: EPS x 4x 4 x 50%(0.5)
or EPS x 4 x 4 x 75%(0.75) as the case may be..

You could customise it according to your own valuation and due diligence as well.

Thank you sir.

Well understood.

If Cadbury enter sub 60(maybe 56 ish), I no go mind re-entering 🤔🤔. The red never red reach... Meanwhile who I offend for this prestige wey I buy

Streetinvestor2:
This one don crawl from one hole come talk because of yeye government .U don't know the meaning of probably
Why don't u come and tell us why borrowing to fouth generation because budget deficit is not an excuse. U can take care of that by trimming u planed budget or do away the wants on the budget and concentrate on the needs on it

You possible lack knowledge and too ignorant to ask. Do you even know why the SWF was setup? My guess is NO

ositadima1:
Why is the budget so large if we are not productive? It looks over-bloated, all these ₦13 trillion budgets that show no real justification after implementation. But correct me if I’m wrong: most of what the government spends goes to salaries, which are naira-denominated, and then supposedly to capital projects.

The government has been investing in these capital projects for years, yet they don’t seem to generate real value. What percentage of Nigerians actually benefit from these massive expenditures? Most citizens and businesses still provide everything for themselves, electricity, water, security, and so on. The only thing we all seem to enjoy are a few roads.

We keep borrowing billions of dollars to close budget shortfalls, yet there’s nothing concrete to show for it.

I am in agreement with some of the points you raised.
Some of my posts about public finance in the country is mostly about putting things in proper perspective and not to support some of the government actions.
I am also not comfortable with the level of our debt.
In the 2025 budget, allocation for debt servicing ranked highest in recurrent expenditures even more than salary and overhead.

Key figures for 2025 budget
Total Budget: ₦54.99 trillion
Revenue: ₦41.81 trillion
Fiscal Deficit: ₦13.08 trillion
Recurrent Expenditure: ₦13.64 trillion
Capital Expenditure: ₦23.96 trillion
Debt Servicing: ₦14.32 trillion
Statutory Transfers: ₦3.65 trillion

chimex38:
Lol.. I dont think so sha..
ee never reach like that.


Thats commendable at least.
But the crux of the matter is to reduce borrowing and use part of the "grown seed" of $3bn(as you say) to fund the budget deficit. That's primarily the mandate of the stabilization fund.. To assist fiscal deficits.
Not growing funds ab initio till infinity.

Apart from borrowing for infrastructure or so which could be fair..

The crux of that over ₦1Trillion borrowing is to fund previous borrowing(Eurobond maturity, budget deficit, amongst others).
Where is the stabilization Fund in these equation?

Thank you for your response. There was a drawdown of around $150m during covid from the Stablization Fund. Government knows what to do if they need fund from there.
In addition, the fund was setup majorly to invest on behalf of the government and grown the fund so that the country will not go broke when Hydrocarbon (crude oil) is no longer in "vogue". If they start spending the funds to block borrowings, won't it defeat the reason for setting the SWF up in the first place?

pluto09:
I think our people need to pay more attention to our budget.
We have a national budget the government is working on.
The budget has a deficit of about N13 trillion which is to be financed by domestic and external borrowing.
That is to say that even if we meet our revenue target,we will still have a shortfall of about N13 trillion.
I sincerely don't know how you think a stabilisation fund of about $3 billion is what should be used to finance a year budget deficit of about N13 trillion.
We still need a long way to go, the money we are generating as a country is still very low in relation to our population.

Thank you. The $3bn is even for the whole fund that the SWF is managing. Stablization fund is less than $600m

oxx4:
You possible lack knowledge and too ignorant to ask. Do you even know why the SWF was setup? My guess is NO

See this one The SWF the governors forced gej to share then that it was illegal or something like that. U think u are talking to a teenager in existence.The same set of yeye people are the ones in senate approving all rubbish called borrowings

TAX EVERYONE!

pluto09:
I think our people need to pay more attention to our budget.
We have a national budget the government is working on.
The budget has a deficit of about N13 trillion which is to be financed by domestic and external borrowing.
That is to say that even if we meet our revenue target,we will still have a shortfall of about N13 trillion.
I sincerely don't know how you think a stabilisation fund of about $3 billion is what should be used to finance a year budget deficit of about N13 trillion.
We still need a long way to go, the money we are generating as a country is still very low in relation to our population.

KarlTom:
TAX EVERYONE!

Yes, many more need to pay tax.

Ginalex:
If Cadbury enter sub 60(maybe 56 ish), I no go mind re-entering 🤔🤔. The red never red reach... Meanwhile who I offend for this prestige wey I buy

I asked u to buy with patient fund when it was 50 kobo and that was when I bought oh
Not u in particular but when I made the call

Streetinvestor2:
I asked u to buy with patient fund when it was 50 kobo and that was when I bought oh
Not u in particular but when I made the call

I'm just holding on to the hope that the March 2026 recapitalization deadline will shake the stock🤲🤲

Ginalex:
I'm just holding on to the hope that the March 2026 recapitalization deadline will shake the stock🤲🤲

So na next yr be insurance sector deadline. It is not achievable. It will be extended

SWF different from ECA

Streetinvestor2:
See this one The SWF the governors forced gej to share then that it was illegal or something like that. U think u are talking to a teenager in existence.The same set of yeye people are the ones in senate approving all rubbish called borrowings

Streetinvestor2:
See this one The SWF the governors forced gej to share then that it was illegal or something like that. U think u are talking to a teenager in existence.The same set of yeye people are the ones in senate approving all rubbish called borrowings

Ok

GeeKudi:
SWF different from ECA

Thank you boss

Ginalex:
If Cadbury enter sub 60(maybe 56 ish), I no go mind re-entering 🤔🤔. The red never red reach... Meanwhile who I offend for this prestige wey I buy

Recalibration don finish

Una go average down tire