₦airaland Forum

ojeysky:
Bros off your mic o, that bolded is definitely the other way round. Remember that Japa isn't cheap, anyone that Japa without having an existing job must have a strong funding support (Either through scholarship, loan, of family).

Those that didn't have money went through Libya. You just don't know them.

Please read this story to know other reasons why people Japa besides pay in their countries. I believe there are similar cases like this with Nigerians also. Please note that Japa is a global issue not just Nigerian.

https://e.vnexpress.net/news/perspectives/readers-views/my-child-chose-life-in-canada-over-2-000-monthly-salary-in-vietnam-4818368.html

Agbalowomeri:
That's not true
Would you say doctors and lecturers don't? That's why the sectors have become depleted and people have japad in droves.

Meanwhile,the pay structure in the civil service indirectly also influences the pay in the private sector. Today if you bill organizations in naira the dollar equivalent of what we used to charge, it will look as if you are greedy Lol.

You are right. I meant $500 not $50.

I am talking about core civil service. As you know there so many salary scales. Mdical and tertiary institutions have different scales.

For me, what caused Japa was more about UNDER EMPLOYMENT, rather than pay. The economy just does not produce enough jobs for the number of people graduating every year. This led to the lack of meritocracy, and politicians favoring themselves in both jobs and pay.

KarlTom:
USD1,850

It is a Harvard certificate you will get. It will light up your resume.😀

But seriously, I think people who want to advance what we are doing here to professional levels should consider these kinds of formal courses.

Agbalowomeri:
How many civil servants take home $500 a month? Practically none

If you take an average civil servant in Nigeria, would you say that he produces goods or services worth $50 a month? I think productivity is the issue. You can't be paid more than what you produce.

https://www.benzinga.com/24/11/42115069/warren-buffett-is-set-to-collect-776-million-in-coca-cola-dividends-but-daughter-says-his-wife-buys-him-the-soda-on-sale

I think we should get NBC and 7Up to relist. They must be making so much money and are not sharing with us.

Dangote Refinery

essentialone:
Why do Market Makers after 2:20PM like to drag down the closing price of some stocks?

That's another loop hole built into the NGX system

BabsO2:
Looks like more are coming out to sell in order to take up their rights. Sold some last week at N27.6 Thought by now it will be N28, only to see 26 right now. Abeg make the major buyer resume buying operations.

This makes sense. However, not sure it's worth the hassle. Assuming you sell at 27 and buy at 25 for just about 5% margin, and you wait forever to be allocated.

Pennystockwarri:
Expect a tug of war on that stock till the rights issue is over.

Thought they just want to maintain a manageable N2 over the RI price. However, there ways a cross of 34m units @N27 yesterday. Maybe that is saying something of the tug of war.

Someone doesn't want FBNH to cross above N27 yet.

vacanci:
what about Rabiu whose ownership in BUA Food and Cement is over 97%?

Ask SEC/NGX

KarlTom:
Is this possible?

There is a free float requirement for listed companies which is think is well above 3%

Ask SEC/NGX

emmaodet:
The problem i have with this stock is that it is too expensive at this price.
Their eps is 8 kobo per share.
That is a PE of 48.
They need to come down to 50k per share to attract investors.
They don't pay dividends either.
They cater for middle class and low income nigerians with their hotels ranging from 40k/night in surulere to 25k per night in ikorodu.
They can't compete with Transcorp or ikeja hotels who rake in billions from hotel reservations of 100k minimum per night.
Their properties range from 200/300m per flat in ikeja, surulere to 35m per flat in mile 2. They also have flats to sell in Togo and Benin rep.
In their 2023 Financial report, net profit is meagre 256m for a 3.12b shares outstanding.
I think i will pass for now.
They should be in Nasd in my opinion.

Well researched. Thanks.

The shareholding structure also looks lopsided, with the owner having over 73%

Bagwa:
Very soon , I will quote this 6th Dec 😁

Q3?

yMcy56:
32.6M units crossed in single transaction @4.22!
Up with +10% already.....

** Not any form of buy/sell

** Anyone with info on this company should pls share

Will they supply some amount for float? That single cross doesn't look like it

bovali:
I don’t have anything against other banks, but from a value perspective, I think Access was the most undervalued at the time so I went in big. How many of the banks holdcos have pension and insurance funds. Correct me if I’m wrong, but wasn’t arm pensions the second largest? Also from an income perspective, none of the other banks make as much as access, it’s just efficiency that’s their problem which I can understand in the early days as most of the bank acquisitions they did, they were forced to retain the staff by the regulators. Give them time, max 2 years and the story would be different. Same with Aiico (only one doing share buy back when others are trying to raise funds), same with Transcorp (how can it be valued at 440bn when power and hotel are both worth collectively 3.8 trillion. Not to even talk of Transcorp net revenue almost at par with its valuation on an annualised basis). I just even remembered, access bank net revenue as at q3 is more than its market cap lol. So, just buy fundamentals and leave the rest to Mr. Time

For me Access is the Oando of Banks. What you see is not what you get.

yMcy56:
HALDANE McCALL PLC (HMK PLC)
- HALDANE got approval to list on the main board of NGX
- Listing by Introduction of 3.12bn shares at the price of N3.84/share
- HALDANE is into Real Estate and Hospitality
- Listing to take place today 20th November, 2024 at around 1.30pm

https://www.google.com/amp/s/businessday.ng/companies/article/haldane-mccall-gets-approval-to-list-3-12bn-shares-on-ngx/%3famp

https://hmkplc.com/governance/board-of-directors/

While some delist, some others list. That's life.

GeeKudi:
If only they would allow the traffic stay for few days before dumping again!

They don start.

Agbalowomeri:
Dem go use the same flourmill collect loan, come pay una comot. This life no balance

That is why I always feel sad when I see people apparently celebrating when a company, especially one as significant as FMN, pays a small premium and delist. They are only interested in the one time payment they get, but not bothered about the reduction in our market's capitalization.

leparj:
U re not. At current prices. Buying Access over FBNH is the right thing to do.

Like I said, my holding horizon is short term. So I am looking at maximum gain to 52 wks high. For FBH it is 43.80. For Access it is 30.6. Note these are not closing prices but intra-day.

jckgroup1:
Lower entry than Access?

Numerically it's higher than ACCESS. But if you look at the 52 week high you are better with FBN.

Willie2015:
In summary....

D only reason I am buyin FBN is Otedola...

No. I am not buying because of Otedola. I am buying because of the money I may make as a result of the positive sentiment that Otedola may cause.

Plus I believe that FBN now as the lower entry point of the FUGAZ.

nosa2:
While UBA is certainly cheap compared to its historical valuations, it is not amongst the cheapest banks.

If you want to enter banking stocks you might want to look at Zenith and GTCO

In the medium term I am going with FBN which I belive may have higher potential sentiment backed gains.

Akpaamunsi:
Why is UBA selling rights at 35naira when the price of the share on the stock exchange is #33.45? Doesn't Make sense

Major shareholder intrigues

Where's everyone? Is the bear that bad?

bovali:
A good weekend read:
https://files.constantcontact.com/14a6173b701/c8b566aa-db87-437d-9323-a5515e07ee91.pdf

Thanks for sharing. Have a good weekend.

Payunsin:
Tip closed today at ₦2.53. I bought it at ₦ 1.81 about 2 months ago. I have never heard of the stock if not for Mr Loco that's tells you is not for investors. Will sell tomorrow by God's grace, those looking for fundamental continue Na profit me dey look for.
Thanks Mr Loco I appreciate your inputs

Penny stocks like TIP do not attract much attention of analysts because their daily transaction volume is just too small, and the number of people dealing is them is small too. TIP trades on average just about N3m per day. However, they say that there is someone for everyone. Some operate at that scale. Obviously you do. And you are lucky to meet analysts like Loco who also operate at that scale. So it is not an issue of fundamentals.

yMcy56:
Lol
ACCESS will be good for long term because na jollyment by the time all these planting are yielding good fruits.

https://nairametrics.com/2024/11/14/access-holdings-plc-acquires-of-majority-stake-in-mauritius-fourth-largest-bank-afrasia/

You seem to have infinite trust in what companies are doing. They do make mistakes sometimes you know.

ololufemi:
With this move, I see the current administration considering the transformation of the NNPCL into a Publicly Listed Company and eventually listing it on the floors of the NGX, JSE and LSE.

They didn't say anything about the background of the CFO. Is he an insider, or coming from a large international oil company with the required experience? At this point NNPCL should not be promoting people who rose through the ranks, but poaching executives from the likes of Saudi Aramco.