22.04%

That's the latest inflation figure from the NBS for March 2023

What does this mean? How is inflation rate determined? How does it relate with interest rate? What is real returns? How should the retail investor incorporate inflation in their investing?

These & more are expertly answered by Mr Robert Omotunde (Chief investing Officer, Afrinvest West Africa) in this new episode of the podcast

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/Y2E0ZmRlZDQtZTcxZS00NDFlLTk2NTctMWVkNTE4MzhiZTk3?ep=14

ositadima1:




Sir, infact for those interested this is the best time to buy Caverton @0.97 and not when it starts moving up. Yes, I said it. Pls bookmark this post.

Based on mean reversion, yes! It's not far fetched that caverton may rise in price going forwards...

Everything I have said so far is based on caverton and their dividend history/ possibility of paying a high dividend for 2022. You can look back on everything I have posted on this issue so far...

My submission remains the same, caverton and predictable dividends/ high payout ratio should not be used in the same sentence. Can it happen? Of course it can. However the probability of it happening is very much slimmer than that for it not happening.

I wish everyone all the best... We all need a bit of luck whether we buy caverton or buy zenith bank...

ositadima1:


I don't know why you are all freaking out. It was not a buy suggestion, since their price fell by a lot, I simply said that if caverton wanted to recover somewhat they can make a strategic move by paying 20 kobo. It was a thought experiment. Maybe, they won't pay anything at all this time, but you all failed to tackle the main idea. If caverton decided to pay 20 kobo will the share value appreciate? Yes or No?

No problem boss...

Are you willing to stake 50% of your portfolio on that "if"?

Anyway, what's good for the 'Greece' may not be good for 'Uganda'...

ositadima1:


Yes I am new, I started investing in 2020. Most of what happened in the past can be seen on charts.

What happened in 2013?

Just to help your ministry, look at the chart below to see historic EPS and dividends paid for caverton. Even in the good times, caverton has never been generous with dividends talkless of now that things are tight...

Caverton is one of the most dangerous companies on the NGX when it comes to anticipating what dividends they'll pay. And I'm speaking from experience...

EPS. Dividend
2017 0.77 0.15
2018 1.2 0.25
2019 1.29 0.20
2020 0.35 0.1
2021 -1.28 0.00

Be careful with Caverton and dividends. What they choose to pay is what they choose to pay...

ositadima1:


What's causing the commotion. Caverton paid 10 kobo in 2021, they have the capacity to pay 20 kobo. They don't necessarily need to focus on building equity since their 17 billion equity only generated around a 1 billion in profit.

By giving 75% of their profits to shareholders, the dividend yield would rise to 22% (20 kobo divided by 97 kobo).

Currently, the average yield in the market is 12%, which means that investors would push the price up to around 1.7 naira or so. It's not a rocket science, abi?

Lol...
Caverton never show you shege before...

YoungBuffet:



Oga, leave those people abeg, a friend was telling me how he intends growing 20m in zenith bank to 300m In next 12yrs not waiting for dividend just buy at 19 sell at 26 take the money to MMF then reinvest again when The Price is lower then finally settle down for dividend of 20m yearly na that time my closed eyes open that I needed to buckle up oo. Since he opened my eyes I have been thinking on how massive wealth can be made by being smart

Maybe you should consider changing your name... Stop disgracing my uncle...
Lol...

The Team Lead, investment research and advisory, WSTC Financial Services Ltd, Mr Abdulrauf Bello is our guest on the podcast today.

We discuss why doing your due diligence before committing funds to any investment is key, his process of investment research and how retail investors can correct common investing errors they are prone to.

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/ZWYxZmNiODUtY2VmNy00N2Q0LTgwMDEtODQwYjg5NDljOWI0?ep=14

Subsaharan:
Weldone o! Thread Chieffs. We do I even start from? I'm very interested in stock trading and the NSE but the way I de see am, Na Italian u a de speak o! help me o! where do i even begin?! Telegram or WhatsApp group link or any material to help me out, I'll be very grateful

Listening to this podcast is a good place to start...

Start from the first episode and build your knowledge gradually. Also look for good books about investing and devour them.

I hope this helps...

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw?ep=14

This week on the podcast, we have an insightful conversation with Mr. Ismail Rufai (Head, Financial & Shari'ah advisory, One17 Capital Limited) about Islamic Finance.

We discuss what it is, the guiding principles, sukuk bonds, ESG and why the principles/ practice of Islamic Finance is not only for Muslims.

I hope you learn from the conversation as I did.

NB: Apologies for the poor audio in the first 10 minutes of the conversation.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/OGZjN2FkNDAtMzlhNi00MjA5LWE3YTYtMDRhZTZkYzFiOGU4?ep=14

Our guest on the podcast is Mr Olaolu Boboye, head of macroeconomic, fixed income, sovereign credit research/ strategy team at CardinalStone Nigeria.

We discuss the macroeconomic highlights of 2022 and all the events that will likely shape 2023 such as rising interest rates, the general elections, subsidy and the Russia/ Ukraine war. He then shares his thoughts about how investors can profit from all the expected happenings.

I hope you enjoy the conversation as much as we did.

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/ZDI3MjA5ZDQtMWU3NS00MjMyLTk1NGEtNmQzNGRmMmExZTgz?ep=14

Payunsin:

I am analysing Cadbury to buy and I find the two above results confusing. Please what is the real result position of Cadbury and is it a good buy at the current price.

No words needed...

I had an exciting conversation with Mr Suraj Oyewale (Senior Manager, PwC Nigeria) about the Downstream Oil sector and how the Petroleum Industry Act impacts on its players.

He spoke about lessons from his upbringing, turning disadvantages into opportunities and brought his extensive knowledge about the oil industry to bear in the conversation.

I indeed left the conversation wiser and enlightened. I look forward to adding "richer" to this list once I implement the investing ideas born from this chat.

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/ZWYxMjc3ZGYtMTExNS00YTllLTk2NDItZDg3MWY3YzFkNDE1?ep=14

BloomingDale:


Where can I get the form to directly participate?

Kindly speak with your stockbroker or contact any asset management firm.

Check the picture below for the top 10 asset managers in the country. Any one of them should be able to help you out.

You're welcome.

Tohmey:
New to stock
List some recomended stock broker for me

You're welcome

https://ngxgroup.com/exchange/trade/becoming-an-investor/find-a-broker/

Loool...
Just a joke...

pizapato:


Yes, but better to exist when the market is high and re-enter low

You wish...

Can your pension help you build your wealth? If so, how?

These & more were discussed with Mr. Oluwaseyi Olusanya CFA, fund manager with Stanbic IBTC. We covered the changes in the pension industry, multi-fund structure of RSA, how to get the most of your pension whilst young, voluntary contributions, tax benefits & much more.

I hope you learn from the chat as much as I did.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/MzdmYWJlZDEtMTk3ZS00OWM0LThhODMtNTdlNjg0N2Q5ODBl?ep=14

thesilentone:

The much younger Warren believed in Technical Analysis.

I agree but he unlearnt a few things along the way...

https://twitter.com/Business_Unions/status/1605915456111607810?t=41DzJycvETqxmW9nZkO6kw&s=19

yok:
WHICH STOCK WILL WARREN BUFFET BUY IN THIS NIGERIA MARKET?
Technical anaylysis can tell you this and we will also chip in idea from Peter Lynch too.

So look forward to pur list soon. It is an idea we have been looking at over time, so as usual expect something goid from us. We vlcan all remember our MSCI indicator then, this Warren Buffet stock list will be cool, we gave a bank that is at buying zone ro our members today, it is like a no miss pick !!!

Warren Buffett and technical analysis, in the same sentence?

Pennystockwarri:
Good morning

Here's a rundown of what took place on the Nigerian stock market last week.

https://twitter.com/quansimodo/status/1604580689344696321?t=IExFqfJ5xrQkr3inmuJ_Tg&s=19

I know who you are!!!
Lol...

creategist:
Thank you Doc for this episode. Quite enlightening. Any idea the Eurobonds he mentioned towards the tail-end of the interview that is accessible to retail investors? Ran a google search without much useful results. Thanks for the consistent hardwork and knowledg-sharing via this podcast.

Thanks for the kind words and encouragement... It means a lot to us...

As per the Eurobonds, I'm not quite sure which specific Sovereigns he was referring to but I know that the yields on Nigeria's Eurobonds were as high as 12% last month. Not quite sure what it is now... See the picture below for the yields as at November.

The challenge with the Eurobonds were s that the minimum amount required to directly participate is quite prohibitive (for me, that is). It can be as high as $200,000. You can speak with the large asset management companies and I'm sure they can hook you up with them.

For little people like myself, buying an Eurobond Mutual fund is a good way to enter that sphere. The minimum amount needed to buy into such mutual funds vary depending on which firm one is speaking with. I'll advice that one shops around and one should get a firm that's willing to deal with people like us.

I hope this helps...

We chat with Mr Michael Nwakalor, CFA, a professional who works with a Value Investing focused Asset Management firm this week on the podcast.

He speaks on the practical aspects of value investing, why mispricings happen, how to spot them, cognitive biases and the most important trait that retail investors need to invest profitably.

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/NWNkYjQ4MTYtZjUyYS00ZTVlLWE3YjctNTI1ZmU1NTdkYzIw?ep=14

I actually bought a big book to try and learn technical analysis...

The minute read the page below, I knew technical analysis was not for me...

Lol... Astrology and equity investing... In the same sentence... Haaaaa...

Respect to you guys though... I doff my hat...

All of all these grammar and annotated diagrams ontop "To buy or not to buy"...

Nah wah oh...

Three gbosa to the technical analysis folks...

Mr Nosakhare Ugiagbe CFA (Senior Manager, Corporate Financial Strategy, Binance) is our guest on this episode of the podcast.

We discuss the basic foundations for successful investing, how the Nigerian Economy can grow & why index/ ETF investing rather than individual stock picking may be best for retail investors.

Articles and podcasts of the guest can be accessed on www.nosaugiagbe.com

Thanks for listening...

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/ZDk0ZjUzYTMtMmIxYy00Y2E0LWFlZjAtYWViOTBhOTk0YTc5?ep=14

Mrs Ololade Olayanju, CFA (Relationship Manager, WSTC financial services LTD & Author, "The Debt Code" is our guest on the podcast this week.

We discuss her switch from banking into core finance, good debt Vs bad debt, how to break free from debt and her biggest lessons in finance so far.

Thanks for listening.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/ZTY0ZjVkYjUtYThlMi00Yjg5LWI0NGQtNzU2MTQ3MDY1MGI0?ep=14

https://www.youtube.com/watch?v=70TIrqjjQhQ

International breweries fact behind the figures

FYI

This week on the podcast, we chat with Mr Eric Akinduro (Chairman, Ibadan Zone Shareholders Association) about The role of Shareholders Associations and Shareholder Activism.

We discuss benefits of joining a shareholder association and how they pursue positive change in public companies.

Thanks for listening.

https://anchor.fm/value-nigeria/episodes/73-Shareholder-Associations-Activism-A-chat-with-Mr-Eric-Akinduro-e1pv76e

DrAwo:
For contrast, compare the same numbers for GTCo over the preceding 5 years (2013 to 2017)

GTco
Deposit growth 42%
Loan growth 40%

ImperialCovfefe:


Great insights boss, as usual. Let me add some color.

For the NPL, they simply are more aggressive in pushing loans to [IFRS] stage 2. When macro changes or they sense issues with the creditors, they preemptively take some charges and push the loans to NPL, far faster than their peers.

As for the loans, Agbaje has repeatedly stressed in the earnings call that the interest rate was being artificially suppressed by the CBN, and has been positioning for a while for a rise in rates to match with the underlying macro realities. He allowed lots of loans to be paid back in full without redeploying them and noted he doesn't want to even think about competing in reducing loan rates to the highest [credit] quality firms.

It's clear that GTCo is deliberately slowing loan growth possibly due to the low interest environment or for some other reasons best known to them...

Now that rates are up, we'll see what cards they have up their sleeves...

Very stimulating chat by the way...

For contrast, compare the same numbers for GTCo over the preceding 5 years (2013 to 2017)

GTco
Deposit growth 42%
Loan growth 40%

ImperialCovfefe:


Great insights boss, as usual. Let me add some color.

For the NPL, they simply are more aggressive in pushing loans to [IFRS] stage 2. When macro changes or they sense issues with the creditors, they preemptively take some charges and push the loans to NPL, far faster than their peers.

As for the loans, Agbaje has repeatedly stressed in the earnings call that the interest rate was being artificially suppressed by the CBN, and has been positioning for a while for a rise in rates to match with the underlying macro realities. He allowed lots of loans to be paid back in full without redeploying them and noted he doesn't want to even think about competing in reducing loan rates to the highest [credit] quality firms.

Exactly...
I agree with you 100%... I've listened to all their calls in the last 2 years and it's very plain to see what's going on...

Between 2017 and 2021 (5 years), the following are the rate of growth in deposits and loans by FUGAZ save first bank.

Zenith Bank
Deposit growth 88%
Loan growth 57%

Access bank
Deposit growth 210%
Loan growth 110%

Uba
Deposit growth 130%
Loan growth 62%

GTCo
Deposit growth 100%
Loan growth 28%