Someone please assist me with returns on the sukuk bond being issued by the FG at 12.8%.
Please how much do I get paid yearly if I invest N5,000,000.
Thank you.

faoogoke:
Someone please assist me with returns on the sukuk bond being issued by the FG at 12.8%.
Please how much do I get paid yearly if I invest N5,000,000.
Thank you.

640,000

faoogoke:
Someone please assist me with returns on the sukuk bond being issued by the FG at 12.8%.
Please how much do I get paid yearly if I invest N5,000,000.
Thank you.

N320,000 on 24th June and N320,000 on 24 December, for the next 10 years or whenever you decide to sell your investment

emmasoft:


640,000

God bless you

emmanuelewumi:



N320,000 on 24th June and N320,000 on 24 December, for the next 10 years or whenever you decide to sell your investment

God bless you.

faoogoke:
Someone please assist me with returns on the sukuk bond being issued by the FG at 12.8%.
Please how much do I get paid yearly if I invest N5,000,000.
Thank you.

Buy dollars and wait for the next 10 years. Thank me later

petaling:


Buy dollars and wait for the next 10 years. Thank me later

So dollar to Naira will be over N1600 to $1 in 10 years time

emmanuelewumi:



So dollar to Naira will be over N1600 to $1 in 10 years time

Even more Sir

petaling:


Even more Sir

So it was less than N200 to a dollar 10 years ago?

emmanuelewumi:



So it was less than N200 to a dollar 10 years ago?

10 years ago, 152 naira to a dollar.

% increase 413

So 1600 naira to a dollar in 10 years time which translates to 200% is a fair projections provided the country
i. remains import dependent nation.
ii reduction in exportation
iii. Dwindling confidence in local currency.
iv. rise in insecurity.
and others

petaling:


10 years ago, 152 naira to a dollar.

% increase 413

So 1600 naira to a dollar in 10 years time which translates to 200% is a fair projections provided the country
i. remains import dependent nation.
ii reduction in exportation
iii. Dwindling confidence in local currency.
iv. rise in insecurity.
and others

An average fixed income fund gave over 14% in the last 10 years.

Compounding the N152 should be about N563.

As a matter some FG bond paid coupons at over 16%, those who bought more when bonds were selling at a discount actually got yield of 18% and above.


Instead of just buying dollars, invest in a Eurobond Fund for diversification to take care of your forex expenses

DeRuggedProf:
https://www.proshareng.com/news/People/Governance-Issues-in-FBNH--Remi-Babalola/60507

The governance issues more than what he can handle. Okay o.

Shareholders Authorise Board to Delist Access Bank Shares from NGX
https://businesspost.ng/banking/shareholders-authorise-board-to-delist-access-bank-shares-from-ngx/

Why We Pulled Out of 5G Auction in Nigeria—Airtel
https://businesspost.ng/technology/why-we-pulled-out-of-5g-auction-in-nigeria-airtel/

SEC, NGX, FMDQ to Charge 0.025% on Bond Transactions
https://businesspost.ng/economy/sec-ngx-fmdq-to-charge-0-025-on-bond-transactions/

DMO Offers for Sale 10-Year N250bn Sukuk at 12.80%
https://businesspost.ng/economy/dmo-offers-for-sale-10-year-n250bn-sukuk-at-12-80/

Otedola Buys Additional 200 million First Bank Shares for N2.3bn
https://businesspost.ng/economy/otedola-buys-additional-200-million-first-bank-shares-for-n2-3bn/

NGX RegCo Assures Stakeholders Fair, Transparent Market
https://businesspost.ng/economy/ngx-regco-assures-stakeholders-fair-transparent-market/

88% of Lagos Tenants Want Monthly Rental Payment—Commissioner
https://businesspost.ng/general/88-of-lagos-tenants-want-monthly-rental-payment-commissioner/

Abbey Mortgage Bank Management’s Creative Policies Yield Results
https://businesspost.ng/banking/abbey-mortgage-bank-managements-creative-policies-yield-results/

WEMA BANK...
Share consolidation/Reverse stock split of 1 for 3 loading...

emmanuelewumi:



N320,000 on 24th June and N320,000 on 24 December, for the next 10 years or whenever you decide to sell your investment

Please which fgn bond has the current best rate?

DUNKA:
Please which fgn bond has the current best rate?

That will be determined by their prices in the secondary market .




FGN 2050 is about 13.2%..



Stanbic iBTC bank, Stanbic IBTC stockbrokers and Afrinvest send daily market updates to me.

onegentleguy:
WEMA BANK...
Share consolidation/Reverse stock split of 1 for 3 loading...

very necessary. Access bank, Transcorp and some other companies need to do same.

onegentleguy:
WEMA BANK...
Share consolidation/Reverse stock split of 1 for 3 loading...

Is it a split of 1 for 3 like cutix or consolidation of 3 for 1 like mansard?

ojeysky:


Is it a split of 1 for 3 like cutix or consolidation of 3 for 1 like mansard?

Its NOT a split, but a REVERSE stock split...
which is practically the same thing as a share consolidation or reconstruction exercise.
The word "reverse" there connotes "opposite"
The case of Cutix was a split exercise which is more like a bonus. (think it was a 1 for 1... not 1 for 3)
But that of WEMA would be a Reverse split... same thing as the recent exercise by MANSARD INS.

The bank (WEMA) intends to propose to it's shareholders at a court-orderd meeting a reconstruction ratio of 1 new share for every 3 shares previously held as at December 31, 2021.
By inference, an investors initially held vol/unit will be divided by 3 (post qualification date)
while simultaneously multiplying their share price by same discount ratio... leaving their effective value unchanged.

Hopes its clear now.
Regards

Year in year out, there’s always a wave to ride..........


What are the likely waves to ride come next year

Your explanation is clear. But in the long run, is this exciting news or fire on the mountain.

onegentleguy:


Its NOT a split, but a REVERSE stock split...
which is practically the same thing as a share consolidation or reconstruction exercise.
The word "reverse" there connotes "opposite"
The case of Cutix was a split exercise which is more like a bonus. (think it was a 1 for 1... not 1 for 3)
But that of WEMA would be a Reverse split... same thing as the recent exercise by MANSARD INS.

The bank (WEMA) intends to propose to it's shareholders at a court-orderd meeting a reconstruction ratio of 1 new share for every 3 shares previously held as at December 31, 2021.
By inference, an investors initially held vol/unit will be divided by 3 (post qualification date)
while simultaneously multiplying their share price by same discount ratio... leaving their effective value unchanged.

Hopes its clear now.
Regards

All this investors conference call in forum by banks na just big wash.......its not until the big boys roll do we really know whats at stake..........

Its y i rate hot tips in this nse,I had hoped a lot of new contributors would have come in who by reason of their daily jobs one can guage the temperature of the nation and truly know the next wave to ride

Hoping for a spectacular 2022, i see the handwriting on the wall

onegentleguy:


Its NOT a split, but a REVERSE stock split...
which is practically the same thing as a share consolidation or reconstruction exercise.
The word "reverse" there connotes "opposite"
The case of Cutix was a split exercise which is more like a bonus. (think it was a 1 for 1... not 1 for 3)
But that of WEMA would be a Reverse split... same thing as the recent exercise by MANSARD INS.

The bank (WEMA) intends to propose to it's shareholders at a court-orderd meeting a reconstruction ratio of 1 new share for every 3 shares previously held as at December 31, 2021.
By inference, an investors initially held vol/unit will be divided by 3 (post qualification date)
while simultaneously multiplying their share price by same discount ratio... leaving their effective value unchanged.

Hopes its clear now.
Regards

Yes it's all clear now thanks! oh and yes cutix was 1 for 1 was just using it as a split example.

I guess if one would remember what happened after mansard reconstruction waiting to see how this pans out after reconstruction may be better for the faint hearted

This week, we look at the various means via which one can buy shares in any company.

We also consider the advantages/ disadvantages of each method.

Thanks for listening.

https://anchor.fm/value-nigeria/episodes/41--Should-I-buy-a-Companys-Public-Offer-e1bu3o8

ojeysky:


Yes it's all clear now thanks! oh and yes cutix was 1 for 1 was just using it as a split example.

I guess if one would remember what happened after mansard reconstruction waiting to see how this pans out after reconstruction may be better for the faint hearted

Unity Bank and IEI are ready examples to learn from.

IS IT WISE TO FOLLOW OTEDOLA TO BUY INTO FBNH ?
From the chat, Otedola has been accumulating FBNH since September/October and not now when they make it public. Invariably, he bought the shares 8 - 9 naira. With this, smart monies have pushed the price to break above the trendline which is positive. But is it wise to buy FBNH now? A good approach is to await for a pullback before joining the smart monies...

https://invst.ly/wxhtb

PLAN YOUR TRADES AND TRADE YOUR PLANS

..

Did caverton declare any dividend recently. Just got an alert.
Abi na dividend wey hang before

dipoolowoo:
Shareholders Authorise Board to Delist Access Bank Shares from NGX
https://businesspost.ng/banking/shareholders-authorise-board-to-delist-access-bank-shares-from-ngx/


https://businesspost.ng/banking/abbey-mortgage-bank-managements-creative-policies-yield-results/

Another Holding company?

WEMA BANK
Consolidation of shares into 3:1
Looks more like reconstruction worded differently......but more clarity will surface as time goes on.....
https://doclib.ngxgroup.com/Financial_NewsDocs/34684_WEMA_BANK_PLC%20_NOTICES_OF_COURT_ORDER_MEETING_(COM)_%20.pdf

IHelp:
Did caverton declare any dividend recently. Just got an alert.
Abi na dividend wey hang before

Caverton declared 10kobo dividend for 2020 FYE.
Declared around April 2021 or so.....