₦airaland Forum

Emeka1441:
How much is transcorp plc paying.. and would we that just bought early this year qualify for it

SonofElElyonRet:
So there's excess liquidity in Nigeria
Guess you mean they are still on their drive for cashless society

onegentleguy:
Depending on their share capital structure, any equity financing has to be using their called-up capital and/or issued capital via rights OR using their unissued capital (where it hasn't been cancelled) via private placements.

There's also the option of mergers and/or acquisition.

If you go by the part in bold, then I think ETI is safe and may not need to raise further funds, while UBA followed by FCMB and FIDELITY (in decreasing order) will probably be needing more funds than others in view of their operational license.

Regards

sky2891:
Kudos to JSE on this.
With this OANDO will think twice about the delisting proposition.
I am glad OANDO isn't listed only on NGX.
Fingers crossed.

BabsO2:
The 2022 Accounts are scheduled to be approved by the Board of Oando PLC on or before the 15th of April 2024 and will thereafter be sent to the Financial Reporting Council of Nigeria for regulatory approval prior to its release to the market. The interim results for 2023 will also be released to the market soon after the 2022 Accounts are published.
https://doclib.ngxgroup.com/Financial_NewsDocs/40697_OANDO_PLC-OANDO_PLC_-PRESS_RELEASE_CORPORATE_ACTIONS_MARCH_2024.pdf

Krisuba:
Please do anyone know what morgan charges for urgent withdrawals??

KarlTom:
I want to put this out there: do not use all your resources to purchase fixed instruments.
I am currently speaking from experience.

The FI might give guaranteed returns but the equity market could give exponential returns.
One thing that should be a constant factor is a healthy RISK APPETITE and PATIENCE.

If you commit to FI, you're stuck till maturity...

Boshins:
Update....https://nairametrics.com/2024/03/26/cbn-raises-benchmark-mpr-by-200-basis-points-to-24-75/

debeey87:
If you have a stock portfolio of over 50m,

Will you sell to generate fixed income of at least 10m given current rates of over 20%. If not how will you balance your portfolio to also take advantage of bothe the ngx and fixed income rates. Total annual dividend from same portfolio is less than 4m

Streetinvestor2:
This statement does not apply when APC is in government during the 10 yrs and naira moves from less than #200 to #1500 to a dollar
It is what I am seeing in my 10 yrs sukuk bond @ 13%.When I did it I thought it was a great option. Now I have reservations on long time fixed investment. I think it is better one goes for multiple TB of different months with the capital so that you can move the fund to any better investment when the need arises too

Penboy:
Nice call on FOXO.

I played it with small money.
But I'm up 17 percent already!

aremso:
Just having feelings

FOXO Technologies will have a massive run up


Not investment advice

Your DD

Zagee:
The channel is closing-in for a breakout again. I think I'm beginning to understand how you make your picks . Not yet 100% sure, but getting close to 50

GAZZUZZ:
I just completed this CNG retrofit on a 2009 Ford F150 with a V8 4.6L natural aspirated Engine .

The vehicle is now fitted with 3 CNG tanks with a combined capacity of 165L (48 SCM @210bar)

Vehicle now boasts of 300km Highway travel on 48SCM which is an equivalent of ₦9600 @ ₦200 per SCM. For better description the distance of Lagos to Benin is about 295km.

Now this is nothing new to CNG retrofits as it brings down the cost of fueling most vehicles by 70% in ₦.

What is unique about this vehicle is it's ability to provide Natural Gas for external use for equipment like Generators, and cooking utensils.

This again brings down the cost of powering your petrol powered gen by about 70%.

In place of LPG it is currently 200% cheaper to burn Natural gas as against LPG.

We have an abundance of natural Gas reserves in Nigeria , hopefully we can all tap into this God given free gift to lower our expenses.

God bless Nigeria.

Gazzuzz

08033910382
Mainland Lagos


https://www.youtube.com/watch?v=rDABVXLZEHg?si=FqBFopP55IxCCofj



https://www.tiktok.com/video/7348378395169852678/




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Laso09:
It might be too early to start celebrating.
A lot still need to be done.

thebargainhunte:
What are we expecting next week MPC,rate hike?

emmanuelewumi:
They are learning the hard way.


I just pity the guy who sold his land to buy dollar at N1700

emmanuelewumi:
Comparing the data from South Africa to justify that our market is undervalued is not valid.

SonofElElyonRet:
Dangote fertilizer will also be listed (as reported)

emmanuelewumi:
How?


How many businesses are quoted on NGX.


Do you have the historical data of the relationship between the Nigerian stock market capitalization and our GDP.

Because 80% is undervalued in the US stock market compared to their GDP, does not mean 50% is not overvalued in the Nigerian stock market compared to our GDP.


Maybe you wanted to say businesses in the Nigerian economy needed to be quoted on NGX

thebargainhunte:
This has been my stand that our market is still undervalued even at this current rate. We should be talking about 100 billion(usd/naira) capitalisation by now.

Adinije:
I wonder what is wrong in buying Dangsugar at 47 and selling at 60 for quick gain. Or buying MTN at 190 and selling at 240

aremso:
Just having feelings

FOXO Technologies will have a massive run up


Not investment advice

Your DD

Hogwarthtrades:
Two things deducted from reading this:

1. possibly a 2 man show, Aig and MR Wigwe (RIP) with no real sucession plan or trust of subordinates.
2. Hopefully this serves as a wake up call to companies to inculcate the ability to groom trust worthy subordinates (easier said than done!!) for times like this.
Access holding will come out greater though!!!

Streetinvestor2:
What movement are you expecting. A stock we saw move from #300 to #3000.

austinkenneth:
I'm stuck in SEPLAT. What's going here. No movement. Anyone with new of the MPNU acquisition?

aremso:
I love such stock like BBAI but you must know how to play it, that is why you don't need to chase any stock once u missed good entry level then wait or look for another stock. Never chase price. Knowing support and resistance level is very important. HOLO moved from $2- $4 from 4-50$ from $50 to $72 just early or mid Feb but currently around $7 so one must develop strategy in this market if not one will be crushed.

Mpeace:
If one is not careful, he/she will end up buying high.

mygee2:
BBAI is a winner today but like you said it is going to be wavy but the question is when