₦airaland Forum

Fredamanda:
Please guys ignore the grammar, I need urgent advice because I am dying slowly towards my wife altitude.

I am a young guy working from home and I try all my best to make my wife happy always but there is one attitude in her which I am not comfortable with and I don't know how else to explain to her after I have tried so much for her to start up something.

She is a graduate with good result but she does not want to do anything rather she prefers staying at home maybe because I am working from home. My problem now is that she is pregnant and she got admission for her masters in one of the Eastern Universities while we live in lagos which she does not want to go and owning to the fact that she is not doing anything in the house and she is not working, I really want her to go for that masters and is causing big issues between two of us.

Please kindly advice me on what to do.

Just talk to Madam gently.
NOUN Msc is available if she can cope with the rigor...
She can pick up teaching appointment with private school...
Around ur environment...
Its less rigorous .. can start earning ...
And also solve ur problem of stayin at home...

Maize full truck 13k/bag

How many bags are in a full truck ?

Op must understand that life is spiritual ...
And the key to survival is to be spiritually minded....
Let him get on his knees and pray....

emmanuelewumi:
It is very prudent to have the notion that the good times won't last for long or forever.


Having a Networth of N50 million and having a total debt of about N150 million is a recipe for disaster when things go wrong and it can go wrong at any time, it is even more risky when that debt is growing by at a rate higher or almost equivalent to our inflation rate.

We can see what debt did to Oando, the promoter of the collapsed sky scraper in Lagos was said to be highly indebted, we can also see how banks eg Access and Zenith are embarrassing the chairman of Seplat. I hope he has the resources to liquidate his almost $80 million debt to Zenith, hopefully this won't have a multiplier effect on Seplat.

We can also see what debts did to Otudeko.

I understand your concerns and I agree with your facts to a certain extent.

These guys you listed are corporate raiders and not business owners like MTN.

MTN came into the Telecommunication industry and disrupt the whole system in Nigeria.

We know the whole story how they emerge as an industry leader today.

MTN showed class, elegance and deep level business analysis that a multinational should exhibit.

The next industry(cash cow) in Nigeria to capture is the financial service. We have almost N60m unbanked across the Nation.

Our traditional banks are not interested in the unbanked becos of the huge infrastructure deficit.
CBN also is incapacitated to move forward in its financial inclusion agenda.

MTN is interested... Airtel followed the same footsteps...

We are currently useless and need them to bail us out to reach N60m unbanked citizens.

I rest my case here and leave everyone to digest the disruption in financial service space when MTN and Airtel captured the N60m unbanked across the Nation.

Nigerialabalaba:
Oga mi, beta oil dey your head. Abeg helep me remind dem say EBITDA means Earnings before interest, taxes, depreciation and amortization o so dem no go dey plan for Christmas on top the audio N373.4 billion FCF wey shalake go still cut interest, taxes, depreciation and amortization from it before dem go share d rest. Na for d deductions be d place wey those SA guys go do magomago.

No be MTN again? Not until those SA people waka before MTN go become a clean transparent company. As e be for MTN now, if you buy MTN, ji ma sun o! Igi pawpaw o ni wo pawa o.

The latest report (expiring July 2022) ........
issued by Augusto and Co, a credit agency gives an Aa rating to MTN and clearly states....

[b]This is a company that possesses very strong financial condition and very strong
capacity to meet obligations as and when they fall due........[/b]

Also try and read the latest credit rating issued by Global Credit Rating Agency (African arm of the New York Stock Exchange)

These are companies with global audience ..... not our local champions for NSE that do as they wish....

emmanuelewumi:
Referring to debt equity ratio. I can't have a debt that is 3 times my Networth. If that should happen, I should be reducing the debt every year and not to increase the debt.

Ideally debt equity ratio should be 1:1 and in extreme cases 1.5:1


High debt will give a semblance of a high return on equity, but that doesn't tell the whole story. Reason why we use various matrixes.


The most important thing for intelligent investors is to set a realistic margin of safety for themselves

Personally, I dont see any reason why I cant take debt at cheaper prices that is worth 3 times my net worth ....

Why should I limit my capacity to expand in the name of ideal debt equity ratio ?......

When I can realize my true profit and value potentials via borrowing and expanding my scale of operations ...

And I have a compelling business model to pay down my debts..

Intelligent Investors definitely have different perspective to analysing business and risk.

emmanuelewumi:
Are you sure of the bolded .


I know MTN is working for the banks and financiers.


Are you aware of the debt to equity ratio of MTN Nigeria.


Debt is almost 3 times of their equity.


From Nairametrics as published in September 2021.


Investors need to give themselves huge margin of safety. Highly indebted companies prefer using EBITDA when calculating their FCF

I have read the article.

There is no crime globally in using cheaper debts to fund operations and boost your bottom line.

It a well known strategy in as much there is a compelling business model to support the strategy.

Same strategy is used by Nestle, Flourmill, Guinness, International Breweries. Transcorp , UACN and other coy in downstream oil and gas as stated in the article..

Lafarge, BUA, Dangote Cement has adopted the strategy at one point in time and later scaled down their obligations. Dangote Cement debt stood at N493.9 billion before its reduction in June 2021 by 30 per cent, that's closed to MTN figure.

Its simply not fair to use that statement.

We should rather leave users to look at each methods and its drawbacks to arrive at their conclusion.

DrAwo:
Thanks for pointing me to this publication from MTN in which the FCF you stated was quoted from...

There are diverse ways of calculating FCF... Some are more representative of reality than others... MTN has told us which formula they used to calculate the stated FCF (EBITDA - CapEx)... I will not comment on if this formula is factual or not but realise that they will choose whichever formula best suits their narrative...

I recommend we all read about FCF and how to calculate it rather than taking numbers hook line and sinker...

Thanks for your above comment.

I agree with you that there are diverse ways of calculating FCF.......

However, whether a company chose to report FCF (gross or net) does not imply that one is more factual or more representative than the other. We should rather focus on the purpose , its usage and drawbacks.

Data and formulae are explicitly stated in the earning release to aid any users (investment bankers...., stakeholders..... investors and interested parties) to make their independent opinion. This is an acceptable level of disclosure.

We should understand that corporate entities like (MTN, Airtel etc) are multinationals, have a global audience and are guided by industry norms acceptable to the exchange...... they dont just choose formulae to suit their narratives.

Lastly, any users that is aggrieved with the industry norms can take the pains to make its own calculation as deem fit.

megawealth01:
We are watching... My MTN is my GOLDMINE sha

MTN hittin N200...
Maybe it got some more dangerous moves...
b/4 year end ...
We are watchin in 3D...

DrAwo:
Bros...
How did you calculate this your own MTN Q3 2021 free cash flow? Because I cannot see what you are seeing...

Maybe we are looking at different financial statements sha...

Pls see attached..
in the below link for their earning release for Q3 2021....
Saves ones the hassles of calculation...

https://doclib.ngxgroup.com/Financial_NewsDocs/34417_MTN_NIGERIA_COMMUNICATIONS_PLC%20MTN_NIGERIA_EARNINGS_RE.pdf

Nigerialabalaba:
Oga mi, e be like say una don dey use style to dey bobo people o. D way una dey hype MTN, a con weak so tey con dey wonder weda e pass d same MTN wey we sabi, wey be 20k ordinary share wey get opaque SA majority shareholder with registered office in Mauritius. Abi no be dat company wey go see black call am yellow again? I choke o.

If you want beta money for NSE for short, medium and especially long term , no be MTN u go dey put money for NSE aswear2gud. Airtel sef beta despite say dem be Indians , make we no even mention Total,Presco dem dem. If you sabi , you don know be dat but na ur money shah. Na u be d captain for ur ship. Igi pawpaw o ni wo pawa o.

Not hyping MTN..
How can you hype a coy that
generate an FCF of N373.4 billion ?
I have Airtel..Total & Presco iin my portfolio...
But I valued MTN more...

benedictuyi:
I don't understand the ETFs in Trading 212.
I was looking for $VOO and $QQQ but couldn't find them

U wont see VOO but u will see VUSA...
VUSA is the equivalent of VOO..both managed by Vanguard
VOO is listed on the NYSE while VUSA is listed on the LSE...

PuristForest:
MTN is good, would have entered, but my though was that it was too risky and ties monies down. There are many low cap stocks that are made 20 - 50 % in this bull run

MTN Free Cash Flow is in the region of N373.4 billion.....
as at Q3...
23 percent increase on YOY basis.....
Sincerely, there are few coys that can match that FCF on the NSE....
Its a healthy stock to have in ones portfolio...

megawealth01:
Whoever said to me that I bought MTN too high at 170+ then should just hide ooooooo... I said it that mtn at below 200 is underpriced and undervalued... E go shock many

Not a recommendation as I am heavily loaded on MTN for long term... I bought at 170 and I announced it here then!

Sold part to take profit earlier..
But still added additional units..
during the pull back...
I think the CBN approval in principle to operate payment service bank
Is one of the contributing factor...
My fair value is N230..
Whether it will get to the FV is another ball game...sha

Gbadebo19:
Sincerely, I don't know why I decided to open this post. I have asked this question so much that I no longer believe in the existence of God. How much can one mention In this wicked world. From a 300 level student of the prestigious OAU back in 2011(studying a four year course) to a block maker. At the age of 28, me who was once looked upon as someone destined for something big is reproached even by parents. As an introvert to the core, I never knew minding ones business could make some people hate you and wish for your downfall. How much can i say When one gets to the point that one's parents no longer expect anything good from ones Jerusalem, one begins to know that it is OVER. In short, I don't regret my decision to stop believing in God but the challenges are just too overwhelming for someone of my age ( I became conscious of my life's spiritual problems as early as the age of 13) so much that I seriously know that God is either nonexistent or even if he exists, he is a wicked God. And even now, there doesn't seem to be an end in sight. I personally told my parents to stop worrying about me and consider me dead, not because of a mind to stay away from family but because of how much I felt for the troubles they were going through because of me. I reasoned that since I wasn't the only child, my siblings would provide succour for them rather than me, a source of constant sorrow.
You may choose to condemn me but remember Matthew 7:1 that judge not so that you be not judged.
I have been shaped by experience, not free will.

Don't stop believing... God exist!
And most importantly, stay focus on prayer...
It is the only place you can find peace... in times of storms...
Learn to wait on God in the secret place..
I leave you with the words of Mahatma Ghandi,

When every hope is gone, 'when helpers fail and comforts flee,' I find that help arrives somehow, from I know not where. Supplication, worship, prayer are no superstition; they are acts more real than the acts of eating, drinking, sitting or walking. It is no exaggeration to say that they alone are real, all else is unreal.

Nvidia on steriod ....

obinoral1179:
you are wrong, if you are a business person you need a loan to stay afloat unless if you arr using it for frivolities which is bad

As a business person, you may need loan to stay afloat..
But not a loan with outrageous interest rate...
At the end of the day, the business will collapse
Thats the is the sad story of most SMEs in Nigeria...

Mapgan:
Karma doesn't exist bro

My brother...
Karma exist ..
It may even extend to the 4th and 5th unborn generation...

Lollittaa:
hmm. I don't have irregular periods. They're almost always on time. And I don't bleed heavily. But the pain, my God!

Pls take that advice serious...
And see a gynecologist..
Same scenario with my close pal...
She is treatin uterine fibroid now...

dapolaw:
So everything to you must be handled with violence abi

U should understand better..
The canary that dances along the bush path ...
must have its drummer in the nearby bush...
Those policemen know those hoodlums...
and also their Godfathers....
It is wise to appease them....

lexy2lexy:
WAPCO is fast approaching KM30, the journey to KM 40 continues shortly

Road still far .. to km40
It still going to retrace back ...
After 10th November...
To load more passengers...

Nigerialabalaba:
Oga mi, Nov to Feb too short abeg except na jijo una dey recommend .

Make una dey buy d business not d stock. If u dey buy d business, u go sabi more about the business and dat stock. To sabi a business cycle wella, Nov to Feb no go dey enough. Igi pawpaw o ni wo pawa o.

Ami oooooo....
My brother... I gbadun your yarn....
U know say.. a bird in hand is worth more than 2 in the bush...
See the WAPCO I buy below N22 ...he don reach N27... Na to sell am
See Total whey I buy below N193 ...he don reach N240.. Na to sell am...
I no get money like Warren Buffet ooo.. Wey like to dey buy business...
Na to buy am.. sell ..make ..profit Na him I dey do ...
Carry the money on top go do another biz ...
Ifa a gbe wa o ....

Ades1:
I just bought more Dangote Sugar today, as long as they keep increasing their dividends, I am going to keep buying

Never a dividend fan anyway....
Dis is not also the right time for me to pick div stocks...
Nov to Feb is still a long time..
When U can still get some decent stocks...
for cap appreciation...

Dangote Sugar Result not lookin nice..
Just got to bail out...

Mpeace:
Too much insider info on the exchange.
I wondered why wapco kept rising for some weeks not knowing the insiders already saw what was coming. Same thing with total.

Absolutely on point.

Calebbold:
https://doclib.ngxgroup.com/Financial_NewsDocs/34422_TOTALENERGIES_MARKETING_NIGERIA_PLC%20_QUARTER_3_%20_FINAN.pdf

Another interim dividend of 4 naira for Total

Total nig is really making money. Q2 2021 interim dividend was 4 naira...making it a total of 8 naira interim dividend for the year.
Impressive!!!

No wonder..
D stock jumped to N220...

shariff84:
19k but I will give @ 18k5 for bulks buying.

New maize don jump to N16k
Na wa oo

arduino:
I don't understand again oh..
By this time, Every other banking stocks suppose dey move in tandem with FBNH but NGX village people no gree.
This same FBNH I left @N6.8 port to UBA. Na wa oh.

Na so life be...
The abandoned elephant left for dead..
Is now the cornerstone...

SocialJustice:
All I feel for you is pity. Keep at your way, I hope you succeed.

There are millions of folks out there..
That are hardworkin.. planned.. wise.. educated...
Read all the finance books. Hoping and yet suffering with no results...
If there is a straight path to wealth , everyone of us including you should be a billionaire now
Like the Dangotes and Elumelu..

There is a Yoruba adage that says:
Wealth doesnt come from hardwork or massive hustling ;
Slaving about will not make you rich...
It is only Gods grace that lift up...

I wish you well in your plans without the God factor..

SocialJustice:
Instead of being definitive, choosing to be rich and having a plan on how to achieve your dreams with time bound milestones, you're praying and hoping for miracle.

This is how Nigerians waste their lives expecting that supernatural breakthrough will fall on their laps.

It s good to have a plan...
Set time bound milestones and get definitive..
But there is a limit you can go with that in life..
It is only heavens that lifts a mortal man up.
For neither from the east, nor from the west,
Nor yet from the south, cometh lifting up.
But God is the judge,
He putteth down one, and lifteth up another. Psalm 75

Teetee777:
PICS bag available for grains storage
900 for bulk price

Is the price the same for the...
50kg and the 100kg bag...