₦airaland Forum

Whalis:
I have some self contained that I have not increased their rents over 14 years that I built it. Greedy Nigerians are the ones exacerbating this condition.

how does the selfcon look like?

obonujoker:
Government need to do something to stop all this increments in rents. It's unfair in a country like Nigeria.

Our fathers had it easier. Many were able to purchase properties easily but youths of today find it difficult to rent.

Imagine someone working at VI, rent for a self con is 1 or 2M per annum, and for mini flat rent may be 3M or 4M, the person has to move to the mainland or after the island such as lakowe or Awoyaya etc.... how will such a person save money?


Government should do something please... At least for the citizens... The occultic spell placed on Nigerians by the politicians, must be broken in Jesus name

there are clueless.

snowball11:
A country ruled by idiots!

how

Cassandraloius:
He is dealing with Nigerian's mercilessly and they deserve it. Nigerian's hate when someone is good to them, they hate success, they deserve this from his administration. Nonsense and ingredients!

should we hope till it get better

They will always change the narrative.

I don't know why they fear Northerners so much.



The same thing they did when Northern soldiers killed their brother Adekule Fajuyi.



Instead of confronting north and ask why they killed their brother,they changed the story to Adekule Fajuyi asked Northern soldiers to kill him together with Ironsi.

What the hell

Where is Reno oMockery the "wailing wailer"? oya come and lead the front for your fellow brown_roof lots😊.

Because they see you don't need to pray to get things u want

U don't pray for healing u have free health care

You don't pray for job there are high paying jobs if u have the qualification

You don't pray for admission

You don't really pray for food, safety and the rest

Lolz

But Marriage work for unreasonable couple while reasonable ones go their separate ways.
Just paddle the one that suits your interests..
Ire...oooo

Now it's obvious the USA are worlds number 1 enemy using different tools (agents) to target several countries economy.
Its also funny how most people think their information on blnance or bltcoin is anonymous

All the parties involved are evil, if I catch a gay na 2by2 em go collect, e go tell me whether God wey create man and woman dey stupid.

Talk of corruption personified, Godwin Emiefele would definitely come to mind. A disgrace, greedy and a heartless human being whose list for money and worldly things at the detriment of his fellow human beings knows no bounds or limits. I sell MTN data @ N250 per GB. Zero 8 zero triple five 32 double five six. A trial will convince you!Characters like him shouldn't be allowed back in the society, he should rather rot in jail and enjoy his fantasies there in June with his fellow criminals even though most are still walking freely as a result of our weak legal institutions.

Only those who see governance from the lenses of the political scientist will understand the magnitude of rights available to the average citizen. Yet, we waste them all due to tribal and primitive appendages. Tribalism is a bigger problem than corruption in Nigeria.

bonetalk:
MultiChoice, which owns DStv, Supersport, Showmax, and Kingmakers, is in serious trouble and had to start selling the family silver to get money to fund its operations.

Last week, MultiChoice released its annual financial results for the year ended 31 March 2024, which prominent analysts described as awful and scary.

MultiChoice revealed that its loss for the year increased from R2.9 billion to R4.1 billion and had become technically insolvent.

The company also suffered a 9% decline in active subscribers, including a 13% decline in the Rest of Africa business and a 5% decline in South Africa.


This week, MultiChoice announced that it was selling 60% of its insurance business to Sanlam for R1.2 billion and a potential performance-based cash earn-out.

The cash earn-out will be measured on 31 December 2026 and can increase the price to a maximum consideration of R1.5 billion.

The money will be used within the MultiChoice group for working capital purposes. Simply put, MultiChoice needs the money to fund its operations.

MultiChoice tried to put a positive spin on the sale. However, it is clear that it is in financial trouble and needs cash fast.


Wayne McCurrie from FNB Wealth and Investments told Business Day TV that MultiChoice’s latest results were truly awful. “When I looked at it again, I realised it was terrible,” he said.

The only reason the share price did not plummet is that Canal+ offered to buy all of the outstanding MultiChoice shares at R125 each. The deal will close on 25 April 2025.

Canal+ already owns well above 40% of MultiChoice and continues to increase its shareholding through the open market.

Many MultiChoice shareholders may hold on to their shares, thinking there is a guaranteed R125 payday in ten months.

However, McCurrie warned that the acquisition agreement with Canal+ may have an exceptional circumstances clause, which could scupper the deal.

“You sincerely hope and pray there are no exceptional circumstances clause in the acquisition agreement with Canal+,” he said.

It also faced regulatory hurdles, including approval from the Independent Communications Authority of South Africa (ICASA) and the Competition Commission.

Therefore, it is not certain that the deal will go through. This poses a significant downside risk to current shareholders.


Wayne McCurrie, FNB Wealth and Investments
Analysts warned that should the deal fall through, the MultiChoice share price is expected to plummet.

Shane Watkins from All Weather Capital expects the share price to drop to below R60 if the deal does not happen.

“Two years ago, the expectation was that MultiChoice would achieve earnings per share of R10 to R12. A year ago, it dropped to R8 per share,” he said.

“Instead, MultiChoice reported a R9 loss per share, and the company is in a negative equity position.”

He added that the results might be even worse than the numbers suggest. “There are lots of profits in the numbers which are artificial.”

“MultiChoice pushed between R1 billion and R2 billion of Showmax costs to next year, and decoder subsidies are R2.2 billion less than last year,” he said.

“If the deal does not go through, MultiChoice will plummet and be trading at below R60 per share,” Watkins said.

McCurrie is even more bearish, saying the share can go to R40 or even R30 if there is no Canal+ deal.

Watkins added that unless MultiChoice is bought by Canal+ or dramatically improves its operations, it will need to raise capital through a rights issue.

McCurrie, Watkins, and David Shapiro from Sasfin Securities advised shareholders to ‘take their money and run’.

Shapiro explained that there are many opportunities in the South African market, which had a good run in recent weeks.

He said selling MultiChoice at R100 gives investors an opportunity to find value and growth in other companies.

“We are going into a very strong market. Don’t lose your flexibility by trying to hold on for R125 per share,” Shapiro said.

He added that MultiChoice’s decision to sell a majority stake in its insurance business to raise cash shows the company’s problems.

“This deal shows just how short on money MultiChoice is, having to sell a stake to prop up working capital,” he said.

“The numbers which came out of MultiChoice are quite scary. Take the money and run.”

https://mybroadband.co.za/news/investing/541725-dstv-owner-in-serious-trouble.html

they should make the subscription pay per view

embrace your true nature, animals, driven by base instincts and a insatiable desire for power. At least then everyone can stop pretending to be something they are not and start working on actually improving themselves. But until then, just enjoy the circus that is human history.

he was industrious he would not have resorted to stealing.
If he had put his God's given brains , skills and talent into use, there would not be need for him to go and steal from a live transformer. Transformer for my community was vandalized sometime in March this year. It took the affected communities 2 month to contribute enough money to repair it.
Keep quiet and stop making excuse for Criminals. Stealing should never be an option

The killers of the RCCG woman beheaded @ Suleja, man killed by irrate Muslim mob at Kubwa, Deborah Samuel killed by Muslim fanatics @ FCE Sokoto, the 3 men recently killed by ISWAP among the many bloodshed/killings of Christians have never been brought to justice, all your obsession is trolling?

See the kind of humanity one is sharing a country with? May you be delivered from this senselessness.

thought y'all said it's only Naija men that marry oyinbo evening newspapers.


This Naija girl married oyinbo ancestor na!!!


Ntoor on y'all!!🤣🤣🤣

If only you c an look deeply, the guy looks like those ritualists that killed people for money, it's likely devil helped him as he's talking, so l won't judge him but let's all just be careful of those we called friends out there cos we don't know who might be the next victim he needed to renew his rituals