₦airaland Forum

If you have good money that you don't want to lose and you are risk adverse, just align with money market jejely for now. NGX defiles all analysis at the moment. Floor market is more attractive than RI.. Lol ...

The game right now is for the market makers, the money bags that can afford to average down, the bullion vans that want controlling shares in some companies most especially banks and the highly experienced investors.

If you don't fall in any of the above categories, save yourself some sleepless night and invest in short term MM instruments, the rate is good right now. Be a smart investor. When the coast is clear , even the blind will see.

Shalom

Hogwarthtrades:
Seem the peak is at hand, wouldn't be surprised to see yield of 3rd and 4th quarter trending down. Keep eyes peeled.

The yield on 1 year OMO bills auctions held yesterday was 28.55%. I don't think we have seen TBills peak yet

The minimum wage increase is bound to increase inflationary pressure, which might make investors seek higher interest rates.

tabithababy:
. Please can you briefly explain this tablet Does this mean the primary auction was not successful

It was successful. Those that bidded on or below the stop rate will be settled tomorrow.

Today's result

debeey87:
Mind sharing your thoughts on buying Treasury bill when you can probably earn same rate in bonds for at least another 3-5yrs since you don't trust the fundamentals of the economy at this time. Thank you

I have quite a few of long dated FGN Bonds between 15 - 20 years . They serve as cash flow and some other purposes.

The money I put in Tbills at the moment were originally meant for stocks but it does look like we are yet to see the bottoms of some stocks I have eyes on .

So instead of leaving them idle in savings account and getting measly 5% , I decided to put them in Tbills , compound them , as I continue to keep my eyes on the stocks I've penned down for purchase

Shalom

KayOn1:
Really. Can I get this(subscribe) thru MorganCapital? I am interested.
** Tbills @ 26%

Yesterday's stop rate was 20.7% which is equivalent to 26.1% true yield. Your bank can run it for you , it's quite easy.

There is a dedicated forum for Tbills , you will get more information there. I don't want to derail this trend.

Shalom

Nigeria Brewery at ₦23 looks ridiculously cheap , the rally will be crazy the very quarter it eventually returns to profitability.

Not a buy recommendation ... I'm not buying and won't be buying any stock till the economy has a solid positive direction.

I feel safe with true yield of Tbills at 26%.

Safety First.

Today's rate

Ginalex:
Actually that's why I even bought it... but Access has been so scared to cross #18

The demise of Herbert is making a lot of investors sceptical about the bank and it's future. Time will give more clarity to things.

yMcy56:
I saw it.
Shey na medal come be that one or award....lol

Meanwhile, NASCON was marked down for the tashere bonus today.....
Opened @42.75 or so.....and still closed on full bid @47!
Sugar also closed @50.90!

Well Done yMcy56 ... You're doing well.

For those that didn't attend the DS AGM ;

Sound bite from Alhaji " The merger was actually postponed because sec wanted the rice mills to start,which now will start commissing the one of Jigawa anytime from now , actually, it might be even better us as shareholders so we can see what we can gain, because we have total of about 1 Million tonnes of capacity, which is almost about 30% of the total national processing capacity in the country. It's not a small capacity. For people that know the one in Lagos , we are five times the size of Lagos and we are spread in about 5 states . On the merger , as soon as we get to a certain... Even though I disagree with SEC , but that is a discussion for another day , we will go back and apply again when the time is right . "

" Our receivables are with big companies like Coca Cola , 7up and co ....your money is quite safe, there is no issue "

" We will try and get out of the Forex mess as soon as possible "

" Backward integration will erase Forex losses by the grace of God in the next four years maximum our company should be producing what we are selling currently, all domestic, 100% domestic ".

FOLLOW THE MONEY

No peace for the wicked

Empty Barriers Make The Most Noise.

Shalom

Special shout out to yMcy56 ... You are a beautiful soul , keep up the good work sis. Nigeria needs more of positive souls like you.

Shalom

debbydee:
Good evening everyone.

Please when is the next auction?

Next week Wednesday, but you need to go to your bank on Monday to have your bid locked in .

Odunharry:
Ogini.. Ask your account officer biko.

Unfortunately, you are at the mercy of the banks unless your bid is above ₦50M , then you can quote your own rate.

Odunharry:
Tenure? Primary or secondary?

Primary , 365 days. Same auction that was 21.49%

After all the annoying deductions, Zenith rate was 18.3%. Nigeria Banks are really milking their customers.

Emeka1441:
is there a possibility of dangfood pulling the same string as transcorp power.. listing sepreately? Are there any law that limits it to do that?

DangFood is a Universal Set that cannot come alive without it's subsets ( DS , Nascon and DangRice ). So that answer is NO , Dangote will not Montana DS and Nascon shareholders

Dangote Food will come alive soon or later . Dangote Fertiliser and Dangote Refinery are also in the works for listing. Alhaji is not playing ... Lol

vacanci:
This life of NGX no balance at all.
i am just wondering how these two stocks performs if not manioulation

1. Transcorp Hotel
Revenue: N42B
PAT: N6B
OS: 10Billion
EPS: 60kobo
SharePrice: N97.9


2. NASCON
Revenue: N80B
PAT: N13.7B
OS: 2.6Billion
EPS: 518kobo
SharePrice: N48.15

Abi Alhaji too dey straight forward? i remember say na Ote$ na im push Cement up, if not e for still dey there

Spot on. Nascon and DS are presently presenting a lifetime opportunities for those who have staying power, liquid and extremely patient. This type of opportunities doesn't come often.

Not a buy recommendations. Due diligence please

Follow The Money

Transcorp has the controlling shares of Transcorp Power. With 51.6% in Transcorp Power , Transcorp remains the Parent company. All things being equal.

Technically , every Transcorp shareholders owns 51.6% shares of Transcorp Power. This alone should propel Transcorp price but this is NSE , everything is possible, nothing is impossible.

If the elites can be sincere and play by the rules , the investing public and foreign investors will be encouraged but again , this is Nigeria

Not a buy recommendations.

Follow The Money

yMcy56:
NASCON is a buy from my own amateur perspective ooo. *DD applies*

If it's true that a special dividend of N5.18k is declared and is confirmed, investors may likely rush it. That's my opinion.
* Bonus of 2:100 already mentioned in the FY report. It's the special dividend that still needs confirmation*


As for DANGSUGAR, one entity is currently offloading @50 in market.......or maybe it's cross deals sha, I don't know.

The ₦5.18 is EPS not dividends. But the final destination is still glorious. DangFood is destined to make the patient investors smile richly.

Not a buy recommendations

Follow The Money

iHaveMadeiT2:
Another way of looking at this Transcorp issue...

Should an investor who rode Transcorp from 1, 2 or even 3 naira all the way to 14 naira complain too much, considering how much return on investment within such a short period?

They can complain but not too much. All they need do is pray for opportunity to run with their profit if they so choose on Monday morning.

Impunity reigns supreme in this country because of statement like this. How can a discerning mind think like this ? A statement like this is why people like Wale and Tony Montana will continue to shit on shareholders faces without any consequences. It's really sad

I don't blame people that avoid NSE like a plague.

Once upon a time , Buafoods was selling at 47 Naira . I posted last year that Buafoods will rally in anticipation for DangFood, that was when Buafoods was sub 200 . I remember getting attacked on this forum when I mentioned ₦350. The rest is history now. A word is enough for the wise

Summary : Follow The Money

Not a buy / recommendations

Shalom

No matter how bad the bear is , DangFood will do ₦500 , time lag 24 months ( latest ) . The keyword is PATIENCE.

FOLLOW THE MONEY.

Hogwarthtrades:
race for yield 1yr higher than 7 and 10 yr yield. will be interesting to see what next auction post MPC meeting will give. Shalom!!

Interesting days ahead. Right now , Cash is King.

Result

Locotrader:
It wasn't easy for me to pull off yesterday.
After looking at right, left, front, back, up and down,I decided to back out of the contest and never in this life to talk or trade on oando.

I wish everyone in the boat success in all their endeavor including you my friend.

Very understandable decision. Who go help you , no go stress you . Wale dey stress en shareholders too much. No dividends for several years, no significant capital appreciation even when there was a ragging bull. Delist he no gree delist, court case he keeps adjourning

Opportunities abound ... Oando Na hypertension stock. Good luck to those that want to ride it to the end.

yMcy56:
Alhaji Aliko knows how to create wealth for his shareholders. Though it may take very long time, but he usually makes it happen.
Na Oga he be!

Spot on! I remember how I smiled to the bank when my Dangote Flour bar came in.

Dangote Sugar that is 80 naira today was once upon a time 5 Naira. Alhaji made NASCON a toast for investors. Dangote Cement was once upon a time 160 Naira

Consistent dividends even during COVID . Alhaji is bankable. Who go help you , no go stress you. I pray Oando ends well for everyone on the train.

People like Wale Tinubu makes Alhaji look like An Angel. Aliko, making his shareholders rich since 1807 ... Lol

yMcy56:
Lol. In this market, I've learnt never to say "never"...

When Oga Rabbi predicted ASI to reach +100k, and that some stocks will appreciate high in price....
One of our ogas here said, how can it be? That it can never happen even in 30yrs, but in less than 2years it happened!!

If anyone had said in a year's time, TRANSCORP will sell for N15, I'm sure many will say 'never' .....and come up with different theories of how it couldn't be so......this is same TRANSCORP that touched 19 despite the Tony/OS analysis paralysis here.

While not also in agreement with DANGFOODS reaching N350 in Q1 2024, I'll still not say it can never happen......but could just be a gradual movt overtime or year(s) sha.

N350 for DangFoods is a banker but not in Q1 2024. For now , it is the only stock you can buy in the market and go to sleep, if you are a medium/ longer term holder.

stcool:
Okay sir. You will see N350 Q1.

It might not be Q1 2024 , but the N350 na banker. People with good holding power will reap bountifully.