₦airaland Forum

Tobex4realTobex234:
Omorh!!!

onegentleguy:
A reminder to the article above.

https://www.zerohedge.com/commodities/indonesia-bans-edible-oil-export-sparks-mayhem-global-food-crisis-ahead

This right here, is GREAT NEWS for PRESCO and OKOMU!
I already highlighted the immense value accretive potential for both coys in time past.

For context, this can further increase the plausibility of higher fx revaluation gains from higher export... to help bridge the widening gap of demand-supply disequilibrium with these sought of stringent policies from the Intl front.
...add that to the already favourable policies from the local/domestic front and maybe you might begin to see why you need those 2 coys in your portfolio.

As I mentioned in the article, Indonesia and Malaysia are the 2 world biggest exporters of CPO (oil palm) with both accounting for near 85% of global export peg.
Before now, the supply shortages meant that they were collectively only able to meet up with <39% of global demand... with these policies though, they'll probably meet only <20%.
Mr PRESCO and OKOMU can of course tap from that balance of 80% supply shortfall.
I also forsee a slow but steady top-up in price of local palm oil within the year.

1st it was covid-induced disruption slowing down on previous supply levels...
Next it was the matter of accelerating global demand for CPO as an alternative source of energy (biofuels) further taken a bite on supply amidst pent up demand...
And a few months ago, it was the Russian-Ukraine crises further exacerbating the pressure on supply and widening the already high damand-supply gap.
Now it's the thing about acts of protectionism by the key producers of the commodity (CPO) as a strategy to ensure self-sufficiency within their domestic markets.
In PRESCO and OKOMU... I believe!

I expect a 31-43.7% uptick in NPM, CCC, AER, CGPR and JPBM and that, from a conservative risk-discounted estimate for YE 2022.

HOLD... BUY!

NOTE: Due diligence still applies as always.

Selah

sonofElElyon:
Wapco final dividend just received.. withholding tax not deducted.. full N1 paid... how come?
Think same happened with the interim dividend

moneymanager:
Does Morgan capitals have a reachable number
All lines are responding “switched off”

nkwachiabel:
From the books I have read, he invests in businesses he has no plans on selling at all. Business with long term value, cash flow, etc. In one of his letters, he stated that he invests in businesses such that even if there is no stock exchange to see the price of the company, he is not worried. With this mindset, he does not look for quick gains by buying and selling, but rather he looks for companies with good track record of performance and long term potential, buy and hold for as long as possible.

emmanuelewumi:
I think he has a good risk management policy. Shares certificates represents ownership in a business and not a lottery ticket. He is a consistent. He is a value Investor. He should be the billionaire with the highest amount of liquid cash on the Forbe list.

Mfunkynation:
Thanks...
did they pay dividends in fye 2019 n 2020

Mfunkynation:
Please who are the registrar of Wapic and AIICO

GreatEko:
Is the REIT not under the purview of the SEC?

The properties, in question, are my business premises under my personal name which I want to protect under the Nigerian Law through a company structure for the unforeseeable future.

GreatEko:
Is it a good idea to hold commercial properties under a Limited Partnership (LP)?

The LP is 98% owned by me.

GANDALF1:
Meaning Elumelu bought shares from himself for N2.5B and got 25% equity

This is intra-human transaction

Yet, you want investors not to be wary

When your companies are always buying shares from your companies

GANDALF1:
Good question

leparj:
With BVN, Do registrars still demand confirmation of signature for e- dividend mandate for shares.

Biafran4life:
Pls someone with email of higher person thr is the one I want to copy in mails.The guy you sent his email is the person I feel is not taking action/responsibility in doing his work.

Heishere:
Heirs Insurance Limited was formerly registered as a General Insurance Company by the Nigeria Insurance Commission (NAICOM) in
September 2020. The Company fully commence operations in 2021. United Capital Plc currently own 25% stake in the Company.

check note 22 of the financials for investments on Heirs Insurance

Heishere:
The company's financials is fine. The revenue increased significantly. Infact, the fees and commission which is the engine room increased by over 100%. The reduction PAT was because of a significant jump in professional fees which I believe to be a one-off payment and general administrative expense. The administrative expense also similarly increased in the group and I am suspecting it has to do with recruitments for newly created Hiers Insurance.

Biafran4life:
I initiated a transfer of portfolio from inactive house to them almost 2 months now.I supplied all that was requested. Who ever is handling it is not taking it serious.He has refused to tell me the position of things.He will only respond to my mail after days, telling me he will revert back to me then nothing till I send another mail.The thing is pissing me off because I wanted to rebalance my portfolio from sell of some stock thr. Now ubcapital and zenith is leaving a good entry price.I want to copy the boss in my subsequent mail. He has not responded to my mail since morning to know if is cscs holding the transfer or the other inactive house.

Biafran4life:
Pls anyone with the email address of the guy in charge of Morgan brokerage aim should assist me with it.I need to copy him concerning my transfer which is almost 2 months now in my mails.Is like someone thr is not taking the job serious

21ju:
Please help me list them . Thanks

BabsO2:
Looking closely at GTCO it may stay low till Q1 results comes out this month. If the results look good and departs from the poor outcome of last year, the price will not stay low again. If the Q1 is not exciting, it is bound to go further down till those dumping it finish (suspect 1 or 2 FPI's is dumping). If Q1 turns out good despite the election brohaha it will resist major price drop and instead creep up slowly as local bargain hunters cherry pick.

Generally, I think the election brohaha and the current country outlook is already priced into the current depressed valuation of most stocks, resulting in very low PE's and PB's. Should outlook change prices will start creeping up slowly. Pray outlook changes for the better and does not deteriorate further.

21ju:
Do we have index fund here in Nigeria just like the US S&P or the Vanguard?

Heishere:
Only Titan Trust can answer this question. But be cautious sha so that what happened to us with Ardova won't happen to you.

Olaide1295:
Submit the E-Mandate form to your bank instead.No fees.

Olaide1295:
Meristem will be great if they can automate dividend payment.
They charge 500 Naira and I still have to fill forms before dividends are paid

Mpeace:
Thought you said they sent you said they sent you a receipt. Well, write sec then take action if they dont respond.

Mpeace:
Some times it could be from ur bank. First identify the source of the problem.
I read a report today by the house of reps stating that over 300billion naira is hanging on account of failed transaction with nigerian banks.
Very unseriou country

RabbiDoracle:
You don't even need to bother yourself about this.

Simply write to Securities and Exchange Commission (SEC) and put the registrars on copy.

While writing to SEC, use the last mail you sent to the registrars and ensure you address it to SEC and not to the registrars. Cc the registrar only.

The registrar will even call you once the mail drops to their box.

Type SEC Nigeria on Google and you will see their website.