Ibrahim505:

Me too
I'm using gtb

Foodempire:


Payment received today, thanks.

Foodempire:


Nothing received yet, something is fishy with thier delay tactics, same thing happened to saving bond last month. Four working days gone and no payment in sight,I have two sukuk and I've never experience such delay.

BlindAngel:



Her mom already left their father when they were still young, she was brought up by a single mom.

Last year someone told me that while they were still married her mom was bringing small boys into their matrimonial bed to sex, on the day of our traditional marriage, one mama that lives close to where I lives called me to the corner and said she has a lot to tell me, after the traditional marriage I went to see her and she told me that my wife elder sister is doing runs which I I'm very much aware of, because she came to visit me one day, her and my wife that was when she was still my girlfriend, and she was boosting that no boy will and can ever Bleep her for free. Even her post on whatsapp status is all about sex and Bleep, smoke etc.

She told me also that her mom was once bringing young boys into their house while still married that she lived close to her before.

I didn't noticed any of this trait on my wife, "then girlfriend" and I haven't still noticed despite monitoring and cloning her WhatsApp.

ositadima1:
FA for totalenergies, hit or miss?

Let's analyze the financial data for TotalEnergies Downstream Nigeria from 2021 to 2023.

Key Financial Ratios Analysis

Liquidity Ratios:
1. Current Ratio:
- 2021: 1.00
- 2022: 1.03
- 2023: 1.03
- Analysis: The current ratio remains stable and slightly above 1, indicating that the company has just enough current assets to cover its current liabilities.

2. Quick Ratio:
- 2021: 0.82
- 2022: 0.79
- 2023: 0.79
- Analysis: The quick ratio is below 1, showing potential liquidity issues as the company may not be able to meet its short-term liabilities without selling inventory.

3. Cash Ratio:
- 2021: 0.39
- 2022: 0.33
- 2023: 0.29
- Analysis: The declining cash ratio indicates reduced cash reserves, making it difficult for the company to cover its short-term obligations with cash alone.

Profitability Ratios:
1. Gross Profit Margin:
- 2021: 16.1%
- 2022: 12.5%
- 2023: 12.9%
- Analysis: There is a decline in gross profit margin from 2021 to 2022, with a slight recovery in 2023, suggesting increased cost of goods sold or pricing pressures.

2. Net Profit Margin:
- 2021: 4.9%
- 2022: 3.3%
- 2023: 2.0%
- Analysis: The net profit margin is decreasing, indicating declining profitability possibly due to increased operating expenses or reduced revenues.

3. Return on Assets (ROA):
- 2021: 8.1%
- 2022: 5.2%
- 2023: 3.4%
- Analysis: A decreasing ROA shows declining efficiency in using assets to generate earnings.

4. Return on Equity (ROE):
- 2021: 40.5%
- 2022: 32.1%
- 2023: 23.0%
- Analysis: ROE is significantly decreasing, indicating reduced profitability and potentially increased financial leverage.

Efficiency Ratios:
1. Asset Turnover Ratio:
- 2021: 1.64
- 2022: 1.57
- 2023: 1.69
- Analysis: A slight increase in 2023 indicates improved efficiency in using assets to generate sales.

2. Inventory Turnover Ratio:
- 2021: 11.26
- 2022: 9.54
- 2023: 8.32
- Analysis: The inventory turnover is declining, suggesting slower movement of inventory and potential overstocking issues.

3. Receivables Turnover Ratio:
- 2021: 6.49
- 2022: 5.50
- 2023: 4.82
- Analysis: A declining receivables turnover ratio indicates slower collection of receivables, impacting cash flow.

Leverage Ratios:
1. Debt Ratio:
- 2021: 0.80
- 2022: 0.84
- 2023: 0.85
- Analysis: The increasing debt ratio shows growing reliance on debt to finance assets, which could be risky.

2. Debt-to-Equity Ratio:
- 2021: 4.02
- 2022: 5.12
- 2023: 5.69
- Analysis: The debt-to-equity ratio is increasing, indicating higher financial leverage and potential solvency issues.

3. Interest Coverage Ratio:
- 2021: 15.03
- 2022: 5.55
- 2023: 2.72
- Analysis: A sharp decline in interest coverage ratio suggests decreasing ability to meet interest obligations from earnings, increasing financial risk.

Market Value Ratios:
1. Earnings Per Share (EPS):
- 2021: 49.66
- 2022: 47.47
- 2023: 38.03
- Analysis: The decreasing EPS reflects declining profitability and potentially reduced shareholder value.

Free Cash Flow to Equity (FCFE) Analysis:
1. FCFE (in '000 NGN):
- 2021: -10,554,927
- 2022: 43,197,064
- 2023: -51,769,578
- Analysis: FCFE is highly volatile with significant negative values in 2021 and 2023, and a large positive value in 2022. This indicates fluctuating free cash flow available to equity holders, affected by changes in net borrowing and working capital.


Here are the considerations for a buy, sell, or hold decision:

Buy:
- Positive Aspects: The company showed some resilience in gross profit margins in 2023 and a slight improvement in asset turnover. The company had a significant positive FCFE in 2022, indicating potential for high returns during certain periods.
- Potential Catalysts: If the company can improve its efficiency and manage its debt levels better, it could become a more attractive investment.

Sell:
- Negative Aspects: Declining profitability metrics such as net profit margin, ROA, and ROE over the years. Increasing debt levels and decreasing interest coverage ratios indicate higher financial risk. Volatility in FCFE and negative cash flows in 2021 and 2023 highlight cash management issues.
- Risks: The high debt-to-equity ratio and lower liquidity ratios suggest financial instability, making it a risky investment.

Hold:
- Neutral Aspects: Stable current ratio and slight recovery in gross profit margins in 2023. If you already hold the stock, you might want to wait and see if there are any strategic changes or improvements in the company’s financial health.

Conclusion:
Given the mixed results, the high debt levels, and declining profitability, selling might be the most prudent action if you are risk-averse. But, if you believe in the company’s long-term strategy and potential for improvement, you might consider holding.

DD.

bovali:


If it closes above 16, expect a continuous rally to your 20 naira level after which 16 will begin to act as the new support level for any downturns.

AbdulAkpan:
Hello everyone,

I am planning to go for a conference in the Netherlands in October ending.

Please, how much minimum should be in my account statement?

How long should the money be in my account before printing the statement?

When is the ideal time to submit my application for a visa at the Embassy?

Nagode

dollysho:
Hello house! I've submitted my documents since 21/05/2024 and I am yet to receive my passport. And for over 5 working days my status at bls site has changed to " in transit from mission to bls" what could be the delay and it is over a month since I submitted at BLS. Even the event I applied for is over.

Spectaclesawe25:



Thanks for this, I followed your guide and applied on 10/5/2024. I got my visa on 24/5/2024.

prittyboi:
Semo yen make sense.

saylawal2003:
I have submitted my application. They accepted walk-in booking at their office. The online booking is temporarily down.

saylawal2003:
How were you able to solve this? I am having the same challenge booking appointment on BLS website

Pythagoras001:
Great save nwabali

emmanuelewumi:



Abi ooooo.

Even at UNILAG, late Professor Omotola introduced work study programmes.

Whereby interested students could do a maximum of 10 hour work per week in the University library, pharmacy, bookshop, bakery and other part time jobs on campus.

Hogwarthtrades:


Tantaliser is an interesting one , Seems the management Mr & Mrs. Ayeni and their board are bereft of ideas at this point ( QSR value = garbage in, garbage out. ) a handful of Franchises (not hearsay, they 're acquanitances, show their books as profitable. You begin to wonder why there is no standarardisation across the chain?
Definitely need a turn around approach. If you are given the task/ opportunity to turn the company around, what will be your suggestions? (Will be interesting to see other peeps ideas)

1. Re-evaluate the menu and pricing structure (if it means partnering with bright local chefs to work on Nigeria Local dish, Mexican and oriental cuisine) - Quality, cost. Strongly believe create the environ, Nigerians will spend their last cash to have quality time and meal.

2.

Locotrader:


There were value in them when they got listed and people saw the value and invested their money.Their value can only cease when they go bankruptcy and when they delist.I have not recommended and will not until they have figures.Thats my reply

But are you sure these 2 companies are now maribound?

emmanuelewumi:
Good to have some Fixed Income investments in your portfolio..it is a portfolio stabilizer

Streetinvestor2:
You may be right but nothing don start.Thr target na for illesha.When machine begin dig ground na him be mining don start.Thr is a place called brinin gwari in kaduna.. From that axis you enter Niger state.Then you can equally connect katsina state.This area are loaded underneath with alot that can bring out nigeria from financial struggle. I and fnds tried exploring to see how we could get things in small quantity. The insecurity in those area no get part two.And me I was not ready to die young lol.The sector jegede and his team I trying to enter is not a work over.

Mille:


Won't work. I tried with Sweden with a remote job and they basically said I have no reason to come to Sweden if I'm not going to work for a Swedish employer.

If you have a job already, try the digital nomad visa. Portugal has recently increased the salary requirements to about 3000€ per month. You can check other countries. There are tens of them offering such.

ositadima1:


You bought a stock like UCAP 4 years ago. Last year it returned 57.6% in dividends. The stock kept moving up. Now you look at its current value and see that if you liquidate now and invest in government bonds at 14 to 13%, you stand to get about 128% annually(on initial stock investment).

You want to do it, but you consider that 13% is fixed and once you are invested, neither your capital nor dividends will appreciate (or fall). However, the dividends have no ceiling and if the stock has moved this far, it would likely outperform the fixed returns over time.

You also realize that you may never be able to buy that stock at that initial price again. What would you do?

CC Pa Emma, Mcy56, Agba

oluwaseyi0:


I want to believe this is tech job

take the hybrid of 650k and combine it with the least stressful of your remote

I'm currently combining a hybrid of 800 with a remote of 700 and another remote of 150

You will not die trust me, the worst problem is meeting clashes

follow the money

if at the end of the day you can't combine stick with your 650, 650 and 150 is not the same