Please can anyone help me with ₦100 airtime


080221.90242
Airtel


Please

Wetin? Ote magic no de work again? FBN come drop today.

LoverOfEvil:
Please can anyone help me with ₦100 airtime


080221.90242
Airtel


Please

Change your name or ask the devil for help, since you are a lover of evil

KayOn1:


E be like say na Essentialone wey make me talk say I go punch above my weight just once say go push am go 1.40 or even 1.20 but not lower.

** If no be say na patented work, I for just upload something spoil market for all these opportunists wey no sabi their mate but ...

what I do?

emmanuelewumi:



Change your name or ask the devil for help, since you are a lover of evil

He is looking for money for more evil.Pls how far with wapco.last yr was not too go as they paid dividend from retained earnings. What are you expecting this yr .Or you have sold off

Streetinvestor2:
He is looking for money for more evil.Pls how far with wapco.last yr was not too go as they paid dividend from retained earnings. What are you expecting this yr .Or you have sold off

I still have Lafarge

This thread very bullish today. It"s like BULL is around the corner..

UAC joliment just landed

jamace:
This thread very bullish today. It"s like BULL is around the corner..

Bulls start from June until... No quote me ooooi

DYOR

megawealth01:


Bulls start from June until... No quote me ooooi

DYOR

Please is your discord group still available

Bros, are you are referring to me? Chams making us recover the school fees paid on dangote sugar and nascon 😀.
But on a serious note, any news from them?

KayOn1:
Chams on full bid.

Wey that my 1.40 friend?

Streetinvestor2:
Who wan follow me play bigger bet naija.i bought oando today with JB I sold yesterday.
Bought oando @#15.00 all die na die
Sold some JB at BE of #24 for #89.

I decided to take bigger risk....na my money no borrowed fund,lol.Target on this new buy na 100%(#30)

Good move

A former President's daughter seems to be on the board of unity bank... Same former President was seem somewhere around the villa...

We are watching closely

megawealth01:
A former President's daughter seems to be on the board of unity bank... Same former President was seem somewhere around the villa...

We are watching closely

Before you risk investing heavily in unity bank remember three things are involved...

1. They are in loss
2. The providus factor still silent
3. Seems they might release profit quarter 3 2024

Who owns VERITAScapital?

LoverOfEvil:
Please can anyone help me with ₦100 airtime


080221.90242
Airtel


Please

nawaaao !!

dis kain name,. dis kain request.....

Blood of Jesus Christ.

megawealth01:


Before you risk investing heavily in unity bank remember three things are involved...

1. They are in loss
2. The providus factor still silent
3. Seems they might release profit quarter 3 2024

Who owns VERITAScapital?

I own a little.. bought at 55k

Modified:
I now get the question

Agbalowomeri:


Sure the Forex gains are baked in for this financial year. What happens next financial year? It's more like a one-off and not sustainable. That's why you don't see the price flying through the roof. Again, they are not allowed to pay dividends with the Forex gains and dividend is the major propeller of banks price appreciation.

On the technical angle, NGSEBNK10 is bearish with formation of lower highs and lower lows on the daily and weekly. Also the daily candles are playing below the Ichimoku clouds.

However, there is a recent volume spike and if NGSEBNK10 could break above the 860 region, we might witness a trend reversal. So, overall I am bearish on the banks.

Ahh talk too much. I dey my house dey sip my garri ijebu.

...Agba, your TA is spot on, but I wonder why you are bearish on banks. Using Ichimoku will keep you from making money in the market, but it will also protect you from losses sha! .
With the double bottom formed 4 weeks ago, that's a strong signal of a potential rally in the NGSEBNK10. As you rightly mentioned, this week's high volume could cause the banking sector's index to rally and close above 880. If that happens, then NGSEBNK10 has bottomed out; otherwise, the index may likely dip to the blue highlighted zone or, at best, re-test the 770 level.

For this cycle, GTCO can hardly go below 32!

megawealth01:
A former President's daughter seems to be on the board of unity bank... Same former President was seem somewhere around the villa...

We are watching closely

Make we enter am? Quick talk o! I wan hammer by December

megawealth01:


Before you risk investing heavily in unity bank remember three things are involved...

1. They are in loss
2. The providus factor still silent
3. Seems they might release profit quarter 3 2024

Who owns VERITAScapital?

Who?

Meerahbel:
Who?

Thomas Etuh, Ex Unity Bank Chairman

megawealth01:


Before you risk investing heavily in unity bank remember three things are involved...

1. They are in loss
2. The providus factor still silent
3. Seems they might release profit quarter 3 2024

Who owns VERITAScapital?

Also, that Providus on unity was just rumor. I went back to read all the news articles then. All of them kept saying “sources close to the matter” lmao

Got mine since 8am today...

megawealth01:
UAC joliment just landed

zendi:

nawaaao !!

dis kain name,. dis kain request.....

Blood of Jesus Christ.

While those who have already made heavy money in stocks are aligning themselves in the banking stocks, those who are aspiring to be millionaires should be fast in putting their money in the insurance stocks.They have proved they worth investing.

No insurance stock will trade below #1 in the next 6-12 months except those placed on suspension.

There is more reward in the insurance stocks than every other stocks in the next bull.The bull is getting prepared.

Make hay while the sun shines.Dont chase a moving train.you may be crushed.
Custodian
Nem
Mansard
Aiico
CHI
Lasaco
Sunu
Cornerstone
Veritas
Royalex
Linkage
MB
Prestige
Regal
Sovereign
Universal
Guinea ins.

None of the above will trade below #1 in the next 12 months.Look for anyone you have passion for and invest.

SonofElElyonRet:


I own a little.. bought at 55k

Modified:
I now get the question

I no get the response 😂

Streetinvestor2:
He is looking for money for more evil.Pls how far with wapco.last yr was not too go as they paid dividend from retained earnings. What are you expecting this yr .Or you have sold off

I was just listening to "Uba Awuu Nwa" by the legendary Peacocks.

The song is incredible. In the late 1980s and early 1990s, whenever it played, I would stop everything to listen, even though I didn't fully understand Igbo at the time, let alone the Owerri dialect. The voice, the part where he invoked their gods, and the moment he broke down crying were all powerful. I heard that Uba was his brother who died in the war.

It goes like pa pa pa paaaaa, ra ra ra, rara raaaa in my head.

The melody still echoes in my head. Record companies should be listed on the NGX.

FIDELITY BANK PUBLIC OFFER, WHAT YOU NEED TO KNOW!

The long awaited question is out.

I just logged in to Facebook few minutes ago and saw that Mercy Okeke had tagged me to her post asking about my thoughts on Fidelity Bank shares.

So, I decided to write about it, to give more clarity and for everyone to learn...

===

1) Why Is Fidelity Bank Offering Shares to the Public?

Before asking if you should buy Fidelity or not, first try to understand why the bank is offering shares to the public.

If you don't know why someone is selling their product and what they want to achieve, you'll not be able to judge if it's a good buy or not.

For starters, Fidelity is already a public listed bank

This means that, their shares has been public for some years now.

As a matter of fact, Fidelity Bank shares has been public since their first IPO in 2005

===

2) Initial Public Offering (IPO)

In 2005, Fidelity Bank had their Initial Public Offering also called IPO.

IPO is a term used to describe when a company offers its shares to the public for the 1st time.

This means Fidelity Bank shares has since been in the market, available to buy since their first IPO.

What is currently happening is that Fidelity Bank is creating/offering a new set of additional shares to the public, which is what is currently on sale.

When a company is creating a special public offer for their shares, it means the company is seeking additional funds to help grow their organization and make it bigger.

===

3) CBN Recapitalization Exercise

If you've not been living under the rock since this year began, you would have heard that CBN gave a new mandate for banks to recapitalize.

What this means is that, CBN is mandating that banks should increase their capital base (shareholders fund)

This exercise is done to make the banking industry stronger and more dominant due to effect of inflation and how Naira has been falling in the past 2 decades.

The last time CBN mandated this was in 2005

To understand this better,

Picture how the Labour Congress has been advocating for new minimum wage for Nigerians because of the economic reality

So, the recapitalization is just like new "minimum wage" for banks.

===

4) Fidelity Is Not The Only One

Because the recapitalization mandate for for all banks, Fidelity Bank is not the only one who would offer more shares to the public.

It's just that they are the first to start it since the announcement

Gtbank would follow

First Bank would do their own, Zenith would do too, and like that, like that.

They would all be offering new shares to meet up with CBN's new "minimum wage"

===

5) Should You Buy Fidelity?

If you want to get married, and you meet a fine girl, getting married to her depends on so many factors

It now depends on you to see if the girl fits your dreams and ambitions

They're would always be many fine girls out there

You can't date/marry every fine girl that you see.

Fidelity and other banks would be offering their shares

Should you buy every bank, because they're offering to the public?

===

6) Final Verdict

My personal policy is that, I don't buy shares of a company just because they are offering it for sale

I only buy if I'm convinced of them

Also, I don't buy when the offer is on sale

Because there would be a lot of frenzy, media hype, etc

So, I personally do prefer to buy when the whole noise has calmed down, then it would be clearer to judge.

===

I hope I've been able to educate you and not confuse you on what Fidelity Bank's public offer is about.

If you are interested in buying, that decision is yours to make.

Contact your preferred stock brokerage platform/firm.

===

KINDLY SHARE THIS FOR OTHERS TO LEARN

By the way, if you're interested in learning about the stock market and how to determine which shares to buy reach out to me on Facebook.


Nathanael Disu

Nigeria’s FX reserves hit a three-month high as exchange rate achieves stability

https://nairametrics.com/2024/06/21/nigerias-fx-reserves-hit-a-three-month-high-as-exchange-rate-achieves-stability/

Recapitalisation: Banks Jostle To Attract Investors, Shareholders

https://www.thisdaylive.com/index.php/2024/06/22/recapitalisation-banks-jostle-to-attract-investors-shareholders-in-fresh-capital-raising/

nosa2:


Exactly. Plus I am calculating EPS minus FX gains and we are looking at PE ratios of about 2. That's still bleeding cheap

I like to know how you calculated this EPS - FX gains to arrive at PE of 2

NettyNelly:


I like to know how you calculated this EPS - FX gains to arrive at PE of 2

As at when I made this post I hadn't done the calculations. However having done the calculations the quality of bank earnings vary wildly, so the calculations were certainly worth doing.

To help you on your path, simply look through the relevant result and subtract FX gains, typically found in other income, from the quoted profit and use that in your calculations.

P.s before you ask me what my numbers were, don't! I believe doing the calculations give me a competitive advantage and until I have finished buying it is not in my interest to divulge my result.