[Good morning
Please I need your advice,
I want to buy Fidson based on Q4 2021 and Q12022 results.
Should I go ahead?
Is worth it waiting for UAC dividend mark down before selling.
Thanks
Quote author=onegentleguy post=112484592]

CONOIL...
Proposed div: N2.5
QD: May 30
CDR: May 31
PD: Yet to be communicated.

Do take care.[/quote]

emmasoft:


I laugh in Nigerian languages
@Wanaj0 na founding fathers o. Guru and chief with red cap.
If possible find a way to get across to him to learn more on the length, width, thickness and hight of stocks investment in Nigeria.

Sorry Oga @Wanaj0. My respect. Imagine ascribing newbie to a founding member. Please suggest any fine I must pay to appease the god.

emmanuelewumi:



Na wa oooo, you just dey jump anyhow. Newbie indeed.


Invest in what you understand

I guess his average cost price for NEM should be 50k or there about

Pa Emma, sorry for referencing the founding member as newbie. It just like someone calling you a newbie. You people here are great. I appreciate your continuous education here.

petaling:


Sorry Oga @Wanaj0. My respect. Imagine ascribing newbie to a founding member. Please suggest any fine I must pay to appease the god.

On his behalf, go and sin no more.

onegentleguy:


Newbie ko! ...that's funny Sir.
The person you refered to is even more than an old bird... with verse knowledge of the investment space both locally and intl'lly.

He probably bought the insurance coy you referenced (NEM) @ less than 70k on average. By implication, he already bagged well over 470% ROI, and that, excluding cash flow accruals from YoY dividends.
Even if he hadn't sold any, his div cash return alone would've had a principal coverage of near 2x multiple by now. (He could have doubled up on his initial invested capital thru that means)
Put differently, he'll likely afford to lose all the money he invested therein if the equity peg drops to zero (even if it's in billions) and still be able to contribute to resuscitating NEM insurance should they declare for bankruptcy today.

So worry not Sir!
It is well.

Now you people have opened my eyes on Wanij0, you gurus should welcome him back to the forum on behalf of we newbies. I appreciate the good job you gurus do here.

9free:


Hahaha....wanaj0$$$$$ don suffer oh.
Guy na one the most loaded board members of NEM you open mouth call newbie?
Just pray make Oga Nosa2 no see/read this your post.

Oga 9free abeg help me beg Oga Nosa2.

emmanuelewumi:



On his behalf, go and sin no more.

The elder has spoken. Case closed.

petaling:


Sorry Oga @Wanaj0. My respect. Imagine ascribing newbie to a founding member. Please suggest any fine I must pay to appease the god.

That oga no dey talk much but he has more experience in this business than most of us.
He doesn't only buy shares in companies with good numbers, he is also interested in those managing the companies..
If I can still recollect, he once said some glowing words about the present MD of UCAP.
I will not be surprised if he knows the MD of those 3 companies he mentioned personally...

petaling:


It seems you are newbie here as I just started seeing your name here. My advice is don't make any insurance coy one of your largest holding as those guys can burn your fingers. Insurance coys are good for jijo but not long term.

Thanks for the counsel. Will definitely make use of it in any future purchases. Well appreciated.

When I grow up I want to be like you.

Willing to learn at the masters feet. You can be sure that I will be a good student. Mentor me sir

cornwall:


The statement simply means N590 now would have a purchasing power of N360, which is clearly a decrease in power for N590 prior to devaluation. Thus your math is wrong the percentage devaluation is not 39% but 63.89%.

Letting A be the starting rate and B the final rate.

The percentage change of the Quote Currency relative to the Base Currency is

Percent Change = ((A − B) / B) × 100

The percentage change of the Base Currency relative to the Quote Currency is

Percent Change = ((B − A) / A) × 100

A positive change is appreciation and a negative change is depreciation.

Therefore:
Relative to USD, NGN Depreciated 38.98%.

Relative to NGN, USD Appreciated 63.889%.


Dude was correct!

pluto09:


That oga no dey talk much but he has more experience in this business than most of us.
He doesn't only buy shares in companies with good numbers, he is also interested in those managing the companies..
If I can still recollect, he once said some glowing words about the present MD of UCAP.
I will not be surprised if he knows the MD of those 3 companies he mentioned personally...

---and more concerns about the FACT BEHIND THE FIGURES. he research on the physical products, the performance of such products in the market. he doesn't invest in breweries products but he can tell you everything needed to invest in the industries,, who have such time

not a fan of Dangote and Tony but owns UCAP cos of the juicy in it. _{^{no permanent enemy}} no matter how the juicy in breweries company he doesn't invest in such industries but he analyse and knows everything about breweries. _^discipline

he hardly recommend but he is one of the Boss one shouldn't ignore what he says about a company. I remember in the past he call attention to UCAP as the company to buy compare to Afripud when most of us chosen to buy Afripud may be cos of the free unclaimed dividend Afripud was enjoying that makes their book look more good.

I can also testify to his preference on Presco over Okomu oil in the past when okomu was ahead o... all was in the day of SMN

rest is story today..

we don day follow Wanaj0 since 1914.... no be newbies o

onegentleguy:


CONOIL...
Proposed div: N2.5
QD: May 30
CDR: May 31
PD: Yet to be communicated.

Do take care.

For Association of Dividend hunters like us

9free:


Hahaha....wanaj0$$$$$ don suffer oh.
Guy na one the most loaded board members of NEM you open mouth call newbie?
Just pray make Oga Nosa2 no see/read this your post.

Nosa was brand ambassador for NEM that time.

ositadima1:


Letting A be the starting rate and B the final rate.

The percentage change of the Quote Currency relative to the Base Currency is

Percent Change = ((A − B) / B) × 100

The percentage change of the Base Currency relative to the Quote Currency is

Percent Change = ((B − A) / A) × 100

A positive change is appreciation and a negative change is depreciation.

Therefore:
Relative to USD, NGN Depreciated 38.98%.

Relative to NGN, USD Appreciated 63.889%.


Dude was correct!

Bros you are adding more confusion to the pot of soup.

Are you saying it is now a case of how full a glass of water is?

currentprice:


---and more concerns about the FACT BEHIND THE FIGURES. he research on the physical products, the performance of such products in the market. he doesn't invest in breweries products but he can tell you everything needed to invest in the industries,, who have such time

not a fan of Dangote and Tony but owns UCAP cos of the juicy in it. _{^{no permanent enemy}} no matter how the juicy in breweries company he doesn't invest in such industries but he analyse and knows everything about breweries. _^discipline

he hardly recommend but he is one of the Boss one shouldn't ignore what he says about a company. I remember in the past he call attention to UCAP as the company to buy compare to Afripud when most of us chosen to buy Afripud may be cos of the free unclaimed dividend Afripud was enjoying that makes their book look more good.

I can also testify to his preference on Presco over Okomu oil in the past when okomu was ahead o... all was in the day of SMN

rest is story today..

we don day follow Wanaj0 since 1914.... no be newbies o

You too na veteran for stock

wanaj0:


Thanks for the counsel. Will definitely make use of it in any future purchases. Well appreciated.

When I grow up I want to be like you.

Willing to learn at the masters feet. You can be sure that I will be a good student. Mentor me sir

The reverse is the case Sir

Dum20:


Bros you are adding more confusion to the pot of soup.

Are you saying it is now a case of how full a glass of water is?

Let me put it this way:

If 1 USD = 360 NGN yesterday, but today 1 USD = 590 NGN we can say that d value of USD changed from 360 to 590 with respect to Naira.

And that is (590-360)/360=63.8%

Now, from NGN point of view, if 1NGN = (1/360) USD yesterday but today 1NGN=(1/590) USD we can say that the value of NGN changed from (1/360) to (1/590) with respect to USD.

To calculate change as before:
((1/590)-(1/360))/(1/360)=-39%

So, I can say that NGN depreciated by 39% with respect to USD.

wanaj0:


What you've left out is the TIME element! Can you wait for the price to move from N2 to N15? How many people have the stamina to wait that long? How many people can withstand the dips that occur during that period without selling in a panic?

Not only time , how many stocks have the capitalization to attract fpis , that’s what the discussion was about , he should do that analysis with the highly capitalized stocks the fpis invest in

rmx:


Not only time , how many stocks have the capitalization to attract fpis , that’s what the discussion was about , he should do that analysis with the highly capitalized stocks the fpis invest in

Forget FPIs, the people moving the market in the last 3 years are retail investors, mutual fund managers, insurance companies and pension fund managers

emmanuelewumi:



Forget FPIs, the people moving the market in the last 3 years are retail investors, mutual fund managers, insurance companies and pension fund managers

Never contended that , go thru my post again

onegentleguy:


CONOIL...
Proposed div: N2.5
QD: May 30
CDR: May 31
PD: Yet to be communicated.

Do take care.

You do not recommend buying conoil sir?

petaling:


It seems you are newbie here as I just started seeing your name here. My advice is don't make any insurance coy one of your largest holding as those guys can burn your fingers. Insurance coys are good for jijo but not long term.

Newbie? Hmmmm. Orísirísi. Oga Wanajo don suffer.

rmx:


Never contended that , go thru my post again

United Capital gave a good performance as per share price because the earnings grew from about 50k to about N1.90k within 4 years.

Dividend also grew from 40k to N1.50k in 4 years

cornwall:


The statement simply means N590 now would have a purchasing power of N360, which is clearly a decrease in power for N590 prior to devaluation. Thus your math is wrong the percentage devaluation is not 39% but 63.89%.

Simple example :

You had N360,000 savings in 2016 when exchange rate was $1= N360. You call aboki and ask what the dollar equivalent of your naira savings will be. He says $1,000.

You did not invest this sum. You just kept it in your piggy bank at home.

In 2022, $1= N590, you still had the same savings of N360, 000 tucked away in the piggy bank. You call aboki and ask what the dollar equivalent of your naira savings will be. He says $610.

You have effectively lost $390 [$1000 - $610 = $390] due to devaluation.

In percentage form, that will be the [loss / initial $1,000]* 100%.

39%

petaling:


It seems you are newbie here as I just started seeing your name here. My advice is don't make any insurance coy one of your largest holding as those guys can burn your fingers. Insurance coys are good for jijo but not long term.

This cracked me up.

wanaj0:


Thanks for the counsel. Will definitely make use of it in any future purchases. Well appreciated.

When I grow up I want to be like you.

Willing to learn at the masters feet. You can be sure that I will be a good student. Mentor me sir

E ma binu sir.

ositadima1:


Letting A be the starting rate and B the final rate.

The percentage change of the Quote Currency relative to the Base Currency is

Percent Change = ((A − B) / B) × 100

The percentage change of the Base Currency relative to the Quote Currency is

Percent Change = ((B − A) / A) × 100

A positive change is appreciation and a negative change is depreciation.

Therefore:
Relative to USD, NGN Depreciated 38.98%.

Relative to NGN, USD Appreciated 63.889%.


Dude was correct!

Thanks bro for explaining to him.

The same way currency moves from $1=35 ruble and jumps to $1= 150 ruble and people say it devalued by [(150 - 35) /35] = 328%



A currency cannot devalue 100%. Max one can get is 99.999% (Zimbabwe and Venezuela).

@cornwall, For Naira to have a devaluation loss of 63.88%, it means dollar should be exchanging at N996 if N360 (2016) was the reference.

Dum20:


Bros you are adding more confusion to the pot of soup.

Are you saying it is now a case of how full a glass of water is?

Not a case of half full nor empty.

Percentage increase or decrease is different from when you do devaluation.

Number can increase over 100% but currency cannot devalue 100%.

99% devaluation of the $-naira (assume 2016 exchange rate of N360 as reference) will bring the value to N36,000 per dollar. We are not in Iran o.

rmx:


Not only time , how many stocks have the capitalization to attract fpis , that’s what the discussion was about , he should do that analysis with the highly capitalized stocks the fpis invest in

The calculation is very simple.

All that meant was that the devaluation loss of naira (at 39%) is nothing compared to what you will stand to gain in capital gains and dividend income.

Even if you use the big banks as example. Say you bought Zenith at N15 and you sell at N24, this is 60% gain excluding taxes. This 60% beat your naira devaluation if it includes any dividend income.

Once people see exchange rate jump from one number to a higher number they start to panic and think it is the end of the world. All this simply means is that anyone bringing in forex will only bring in little and ego o ju ebenine.

onegentleguy:


CONOIL...
Proposed div: N2.5
QD: May 30
CDR: May 31
PD: Yet to be communicated.

Do take care.

My broker said price has already reacted to the dividend declaration..

RabbiDoracle:


This cracked me up.

Newbie advising ancestor

Agbalowomeri:


Newbie advising ancestor

That's suicide ..my brother