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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 12:48pm On Oct 30 |
Exactly my point, there must be a reason for that. Although if he had gone to the market, he might have pushed the price above N5 before he finished buying shares worth 20B naira. Anyway let keep our finger crossed, we shall see in 6 months to 1 year time. Thank you for keeping the conversation civil without throwing jabs. emmanuelewumi: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 12:26pm On Oct 30 |
Femi & Alhaji sold their holdings in the companies 100%, but Japaul is an additional investment and the existing owners maintained their stakes. So they are two different transactions emmanuelewumi: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 12:08pm On Oct 30 |
This is not outright purchase Bro. emmanuelewumi: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 12:06pm On Oct 30 |
You have a point like you said "In some cases", I'm sure MBC can never give out such loan without collateral, and if they don't believe in the company's prospect they won't choose the conversion option, they would have choose the alternate option and take their loss. emmanuelewumi: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 12:01pm On Oct 30 |
Learn to respond without throwing shades, it's childish. Streetinvestor2: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:48am On Oct 30 |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:33am On Oct 30 |
MBC was a creditor to ELLAHLAKES, they converted debt to equity. To me this is a sign of prospect, for a creditor who is vast in the capital market to accept debt to equity conversion, there must be an untapped gold in such company. BabsO2: 5 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:28am On Oct 30 |
Thank you for the beautiful reply, they believe Oando appreciated with fundamentals 😂, by the time Japaul announced the acquisition of 50 percent equity stake in H&H Mines and “a 100% acquisition of Covenant Gems & Gold Minerals Limited in Eti-oni, Atakumosa Local Government, Osun State, they will eat back their words. A company that got an investment of 20B naira equity in a private placement even at premium higher than listed price should not be written off. I repeat Japaul and ELLAHLAKES movement will be shocking. ndept: 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 5:14pm On Oct 29 |
Remember 2023 was an exceptiomal year for banking stocks because of devaluation of naira. N.B: I'm yet to open the result KarlTom: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:31am On Oct 28 |
We need to understand that the Trancorp Q3 account is as at 30th September and the reconstruction happened in October 2024. It will be a misrepresentation if 10b equity was used. This is a good example of transparency in the management 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:12am On Oct 28 |
Xidget: 40 billion |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:11am On Oct 28 |
This is a definition of a good result. Improved profitability and liquidity, unlike some results with paper profit and declined liquidity. Xidget: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:53pm On Oct 27 |
Don't waste your time on this topic. You can not wake someone who pretend sleeping, you can only wake someone who is asleep. Divineability: 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:44am On Oct 27 |
Raider76: There will be difference in the structure, this thing is mine, is different from this thing is ours. I know that the ministry wasn't that beneficial to the poor people of N/D, but the crook leaders who are stealing the ministry funds will start sponsoring unrest in that region to threaten the govt. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:39am On Oct 27 |
Okay sir, but are you a diasporan? Can you get us the remittance for the past 3 years to check if there is significant change? Those in Nigeria are even savings in dollars, but you think is those in abroad that will keep their money in naira because of 20+ interest rate that will wipe out by inflation & FX risk. atigro: 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:37am On Oct 27 |
I don't post to win an argument but to pass a message, I intentionally delete that because I know it will move to another side of argument but since you read it someone already replied it I will explain for you to understand. Like you said the person will send in £100 does it mean the person has increase the money sent home? No is only the naira value that increase due to devaluation. Pre 2022, diasporans send in FX but now they do currency swap among themselves instead of sending FX home. Mr A need 1m naira to send to people in Nigeria, he will post on different WhatsApp groups and give someone who has naira to swap his pounds. By doing that the FX inflow to Nigeria won't improve, it just recirculation of naira. The worst he will do is to go to Lemfi and other Fintech app to sell. How many people do you see on western Union desk in the bank unlike before? You said prices of land are going up because diasporans are rushing it. No sir, land prices are going up due to devaluation and general inflation. I can tell you that people who japa in 2021 & early 2022 to the UK are now at the stage of getting mortgage, some are even selling their houses in Nigeria to use for mortgage deposit, this is fact I don't do guess talk. On Unilever, looking at the P&L of the Q3 reports you will say the company did better, but I don't just look at that, 2023 result wasn't okay majorly due to the loss on discontinued operations, if you check their cash flow you will a significant drop in their liquidity, check the current assets there is a significant increase in trade receivable and inventories, also their current liabilities has grown with over 33% those are not a good signs for me. Don't just look at P&L to judge a company performance. In corporate finance liquidity is key. Other manufacturing companies are yet to release Q3, but their Q2 is worse. My point goes back to the fact that if the economy doesn't improve manufacturers will suffer more. If purchasing power of the people keep going down, crime rate rate will increase, we may start seeing warehouses & banks looting. Streetinvestor2: 4 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 11:15pm On Oct 26 |
Diaspora remittance? 😂 Okay sir RodgersAkpafu: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 10:37pm On Oct 26 |
All these your points can only work in an economy where people have a strong purchasing power. How many people can buy malt for 1k in Nigeria? You said the companies have started overcoming their problems as if the only issue is FX. They have increase in energy cost, employee cost, additional taxes like excise duty is about to be introduced. Yet you believe with that companies bottom line will improve. Do you see the recent result of Unilever? I'm not saying you should accept my view. I only remind you not to be too optimistic because there are so many uncertainties in Nigeria. Streetinvestor2: 1 Like 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 10:26pm On Oct 26 |
Do you think I'm also discussing politics as well? Moreover, political risk also need to be considered in a business environment. I only told the effect of govt policy on oil production. Either realised or unrealised loss, they are obligations that must be fulfilled. The only thing that will make the unrealised loss wipe away is for the rate to go back to what it was which is impossible. A company incurred a $ debt when rate was 700 and now it is over 1,700, by the time they are paying the debt the loss will be realised loss. Most manufacturing company will have negative cash flow next year and some will default in redemption of CP they issued this year. Streetinvestor2: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:18pm On Oct 26 |
Companies will get out of forex losses how? Are Nigerian companies selling their products in dollars? Are you saying the accumulated losses will wipe away automatically? Trade surplus will increase when Nigeria is an import economy, a country that couldn't meet OPEC quota. I think pipeline vandalism will be on the raise in 2025 with the cancellation of ministry of Niger Delta. Streetinvestor2: 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:12pm On Oct 26 |
Nigerians throw numbers anyhow, governors that were unable to pay 30k will now pay 70k? Very funny. How many states in Nigeria has 2023 budget above 500B ? Very few. He expected companies with dwindling revenue and huge loss to pay big salaries, from where? He need to remember that the more the companies pay more salaries the less their profit which will impact on shareholders' fund. Unfortunately, he is also a shareholder, so NO DIVIDEND for him 😂 KarlTom: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 7:05pm On Oct 26 |
We now have a tax collector as president, Taiwo Oyedele new tax reform will be implemented which will be strange to the system. Yes, I agree that Nigerians could act like coward, but you need to remember the COVID-19 palliative looting during Endsars. An hungry man is an angry man. Also remember the unrest in Asia and possible impact it could cause to the world economy if not well managed. My prayer is for the market to be bullish but we need to consider negative factors also. Streetinvestor2: |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 5:31pm On Oct 26 |
I think it is too early to be too optimistic, so many factors need to be put into consideration e.g Budget, New Tax law, finance bill etc. People's earning capacity has been badly punctured which will affect listed companies products. If the economy trend continues in this manner, there might be unrest in the country, people will be looting warehouse for survival. Streetinvestor2: 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 9:20pm On Oct 25 |
gamaliel9: They have nothing to fear SEC for if their license has been withdrawn. I would advise you just visit their office and display little madness. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 6:53pm On Oct 25 |
chimex38: The Friday is intentional to see market reaction to the result, weekend will give them more time to reflect on the counter. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 2:35pm On Oct 25 |
yMcy56: This one na premium market makers 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 2:29pm On Oct 25 |
pluto09: All shares capital are put in the balance sheet at book value while the excess will be reported in share premium. According to the Q3 account. Japaul issued additional units of 8,000,002,000 shares which generated a premium of 13,960,000,000. Please note that each shares book value is 50kobo, that is why you see 4B increase in share capital. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 2:15pm On Oct 25 |
designking: That's my stock for marginal profit. Ones it drop to 2.15, I pack and dump at 2.40. I'm okay with 12% profit within a month 2 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 2:12pm On Oct 25 |
pluto09: The information has been in the public for a while na |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 1:59pm On Oct 25 |
I dey gbadun this UBA closing hour movement |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 1:56pm On Oct 25 |
Streetinvestor2: It wasn't defined, may be we can get it from their site. I noticed people started buying big volume today after the the result. Same thing is happening with Stanbic IBTC. What is cooking oooo |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by phadriz(m): 1:47pm On Oct 25 |
mikeapollo: Okay Sir, it's not my fault na my profession cause am. I only apply materiality concept sir. |
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