Sorry for not thanking you earlier, na nairaland bot send me to serve small term.

yMcy56:

Lol. Thanks bros for not taking the comment in bad faith.

In answer to your inquiry, you can be checking this below site for dividends declared and updated ones as well:

https://investogist.com/list-of-dividends-announced-in-2022-qualification-and-payment-dates/amp/

erwinschro:


The ball has to drop at some point. Credit functions in cycles, even the biggest most powerful countries can't just borrow in perpetuity there will always have to be a deleveraging at least once per century and this goes back to the beginning of money and civilization. They even used to cancel debts every 50 years in biblical times.

People are running to the dollar for safety not knowing that they may actually need safety from the dollar. When the US government needs money, it just borrows it into existence (like all countries do) and promises to pay it back + interest. If you borrow the first dollar into existence and promise to pay it back + interest, where do you get the second dollar? It has to also be borrowed into existence. The whole system can only work if the debts continue rising forever. Many people will argue that this is by design and its just how economies work. In reality, economies have only worked like this since Richard Nixon got rid of the gold standard 50 years ago. There is a 100% failure rate of fiat currencies throughout history, but never has the world's reserve currency been fiat.

The real crisis is that in those same 50 years the US has been operating with a trade deficit, buying more from the rest of the world than they have been selling and paying for these goods with US dollars that they borrowed into existence. This system doesn't collapse because countries don't actually convert their dollars back to their own currencies because it would cause them to appreciate and make their exports uncompetitive. So what do they do? They loan that same money they were paid for their goods right back to the US government by buying those same bonds! This is the true luxury of being a superpower.

Now inflation is high in the US and they are facing the classic issue. The level of inflation adjusted interest rates that is low enough to save debtors from bankruptcy is below the level required for creditors to hold the debt as a viable storehold of wealth, devaluation is the only option - in fact its an inevitability. I suggest you read (or watch) Principles for dealing with the changing world order by Ray Dalio the largest hedge fund manager in the world.

As RabbiDoracle has stated, there will actually be a wealth effect in emerging markets because compared to the rest of the world we hold comparatively fewer US government bonds

You are in the spirit. Thanks.

Same happened in 1972 or so with severe devaluation of the dollar. They can't escape this.

Fed is between the wall and the wallpaper. Now they are faced with something very difficult - fighting inflation by raising rates to the point of causing a depression. I didn't use recession because they are already in it. I used depression because it could be a continual quarter to quarter decline in GDP for up to 2 years minimum if they can really solve this issues.

Things in their economy have broken and there is no stopping it.

It is an interesting time to live.

onegentleguy:


Again this journey will be swift.
It'd be like a train ride with Mr GSK.

The coys CMP still showing an over 81% discount (MoS peg from IV) even after detaching a 2.5x premium to current surrounding risk level in view of potential REWARD. (Here comes peace of mind)
...and that, using a very conservative valuation model.
Using the coys last financial print as yardstick, GSK should have NO business trading for N22.71.

In the stock market world, a cheap/undervalued asset isn't just one whose price is low in terms of VALUE or high in REWARD... but broadly one whose price is lower in terms of RISK and even higher in PEACE OF MIND.
...a wining investor must know how and when to relate in between !!
~Sinclair
This Nugget is KEY !!

"Between uncertainties, difficulties and failures is the many 'gift packs' from the stock market.
...and inside those 'gifts' are smaller 'packs' with obstacles but which are sealed with CRAFT.
Yet down inside, are even more 'packs' of OPPORTUNITY."
~Sinclair

"The market will often present a discerning investor with 'souvenirs'.
Sometimes, they are even 'bigger gifts' for lesser monies.
The problem however is with knowing when to indulge it on an exchange.
...for therein lies your pathway to success!"
~Sinclair

GSK closed their manufacturing plants in NIgeria and outsourced their manufacturing to Fidson.

I am wondering if that makes economic sense.

Maybe it does, as Fidson will now bear all the risks associated with manufacturing in Nigeria (High cost of diesel, fuel scarcity...)

Interesting times ahead

Oga Intendy,

Jade o.... Asiko ti de o.

erwinschro:


The ball has to drop at some point. Credit functions in cycles, even the biggest most powerful countries can't just borrow in perpetuity there will always have to be a deleveraging at least once per century and this goes back to the beginning of money and civilization. They even used to cancel debts every 50 years in biblical times.

People are running to the dollar for safety not knowing that they may actually need safety from the dollar. When the US government needs money, it just borrows it into existence (like all countries do) and promises to pay it back + interest. If you borrow the first dollar into existence and promise to pay it back + interest, where do you get the second dollar? It has to also be borrowed into existence. The whole system can only work if the debts continue rising forever. Many people will argue that this is by design and its just how economies work. In reality, economies have only worked like this since Richard Nixon got rid of the gold standard 50 years ago. There is a 100% failure rate of fiat currencies throughout history, but never has the world's reserve currency been fiat.

The real crisis is that in those same 50 years the US has been operating with a trade deficit, buying more from the rest of the world than they have been selling and paying for these goods with US dollars that they borrowed into existence. This system doesn't collapse because countries don't actually convert their dollars back to their own currencies because it would cause them to appreciate and make their exports uncompetitive. So what do they do? They loan that same money they were paid for their goods right back to the US government by buying those same bonds! This is the true luxury of being a superpower.

Now inflation is high in the US and they are facing the classic issue. The level of inflation adjusted interest rates that is low enough to save debtors from bankruptcy is below the level required for creditors to hold the debt as a viable storehold of wealth, devaluation is the only option - in fact its an inevitability. I suggest you read (or watch) Principles for dealing with the changing world order by Ray Dalio the largest hedge fund manager in the world.

As RabbiDoracle has stated, there will actually be a wealth effect in emerging markets because compared to the rest of the world we hold comparatively fewer US government bonds

For debtors countries (in dollars), there case will likely be worse.

yMcy56:
FBNH
More picks @12......

MTNN: Who will bail this stock out with 100k block now? @250.20 but not 100k block unit to move the price yet...........DONE!

They got bulk 100k at 249 yesterday. Its rising again today. 269.9 already this morning. But buyers are only buying in bits and bits.
It appears Elumelu family members are still on transcorp matter. Huge quantity today.

Seunn11:


For debtors countries (in dollars), there case will likely be worse.

Somehow, Yes. But countries can restructure their debts in a painful way.

But where the problem lies are with individuals in those economies that are debt based economy - those that use credit cards like the western countries. Their own will be x 10. Because as the rates on your debt increases, you enter into more debt and you go and use more debt to solve your problems. By so doing, you are in a debt spiral. And since these debts are backed by their houses or other assets, those assets get seized and force-sold. This will crash the asset prices the more.

Seunn11:


For debtors countries (in dollars), there case will likely be worse.

Why will their case be worse. If the debt is fixed rate, not callable anyhow and the country still has export earning power.

Seunn11:


For debtors countries (in dollars), there case will likely be worse.

Again, One man's debts are another man's financial assets. It is the holders of the debt that suffer more than the debtors. When the US government inflates away its debt, it inflates away ALL dollar denominated debts. Think about it, if the dollar is devalued then this is fantastic news if you are owing dollars because it is easier to pay back your eurobond.

Seunn11:


For debtors countries (in dollars), there case will likely be worse.

And Nigeria is a debtor country in dollars

RabbiDoracle:


Somehow, Yes. But countries can restructure their debts in a painful way.

But where the problem lies are with individuals in those economies that are debt based economy - those that use credit cards like the western countries. Their own will be x 10. Because as the rates on your debt increases, you enter into more debt and you go and use more debt to solve your problems. By so doing, you are in a debt spiral. And since these debts are backed by their houses or other assets, those assets get seized and force-sold. This will crash the asset prices the more.

True.
China will likely give out more dollar loans to debtor nations...in exchange for more strategic assets.

erwinschro:


Again, One man's debts are another man's financial assets. It is the holders of the debt that suffer more than the debtors. When the US government inflates away its debt, it inflates away ALL dollar denominated debts. Think about it, if the dollar is devalued then this is fantastic news if you are owing dollars because it is easier to pay back your eurobond.

Meaning debtor countries will not have a worse case but an easier pay off if the dollar devalues significantly. That's my thought as well.

It's all those who have saved in dollars that will be worse off in expectations of what their dollar reserves purchasing power.

erwinschro:


Again, One man's debts are another man's financial assets. It is the holders of the debt that suffer more than the debtors. When the US government inflates away its debt, it inflates away ALL dollar denominated debts. Think about it, if the dollar is devalued then this is fantastic news if you are owing dollars because it is easier to pay back your eurobond.

Not for nations that have payment deficit.
We still import more than we export.

E ku market oo oooo

Monibabakan:


The warning was so loud and clear. It is well. Well done OGG.

yes oo

At last, let's see how far GSK will go from here.

Kudos to that Gentle author

I'll be like him and few other Ogas here when I grow

WHAT DID WE BUY RECENTLY?
From Friday 6th to date, we have covered our in out commission with at at least 6% in our pocket

Want to get our hot stock picks just as we are releasing it and we be your mentor: text "Nigeria stocks to +2348023054935", today we have another set?

yok:
WHAT DID WE BUY RECENTLY?
From Friday 6th to date, we have covered our in out commission with at at least 6% in our pocket

Want to get our hot stock picks just as we are releasing it and we be your mentor: text "Nigeria stocks to +2348023054935", today we have another set?

People are dishing out free information here.

You want to take people away and collect money from them.

Part of the information you will sell, you got it here.

Well done oo.

Another day without fbnh update.

Dum20:
https://observerstimes.com/2022/05/10/just-in-jpmorgan-delists-nigeria-from-emerging-market-list/


JPMorgan has removed Nigeria from its list of emerging market sovereign recommendations that investors should be “overweight” in, saying the country has not taken advantage of high oil prices.

They are loading.....
They will be back when they are fully loaded Lol

Camoready:
Another day without fbnh update.

The wait is getting too long and the silence from the management is disturbing. But we continue to wait

Agbalowomeri:


They are loading.....
They will be back when they are fully loaded Lol

Sentiments apart, I think we should all be worried by some of the issues raised by JP Morgan.
How could oil price be going up and is not having a positive effect on our reserve?
Periods of high oil price had always been a good one for the country reserve and balance of trade. Something is definitely not right.

pluto09:


Sentiments apart, I think we should all be worried by some of the issues raised by JP Morgan.
How could oil price be going up and is not having a positive effect on our reserve?
Periods of high oil price had always been a good one for the country reserve and balance of trade. Something is definitely not right.

Na where your CBN Governor go get money contest election? The fabrics of governance have broken down long ago. Embezzlement spree

pluto09:


Sentiments apart, I think we should all be worried by some of the issues raised by JP Morgan.
How could oil price be going up and is not having a positive effect on our reserve?
Periods of high oil price had always been a good one for the country reserve and balance of trade. Something is definitely not right.

Its quite simple actually, we are spending all the money on subsidy.

3 Reasons Why Countries Devalue Their Currency
By ADAM HAYES Updated July 06, 2019
With a potential outbreak of a trade war between China and the US, talks of the Chinese using currency devaluation as a strategy have been rumbling. However, the volatility and risks involved may not make it worth it this time, as China has made recent efforts to stabilize and globalize the Yuan.

In the past, the Chinese denied it, but the second largest economy in the world has time and time again been accused of devaluing its currency in order to advantage its own economy, especially by Donald Trump. The ironic thing is that for many years, the United States government had been pressuring the Chinese to devalue the Yuan, arguing that it gave them an unfair advantage in international trade and kept their prices for capital and labor artificially low.


Ever since world currencies abandoned the gold standard and allowed their exchange rates to float freely against each other, there have been many currency devaluation events that have hurt not only the citizens of the country involved but have also rippled across the globe. If the fallout can be so widespread, why do countries devalue their currency?

KEY TAKEAWAYS
Currency devaluation involves taking measures to strategically lower the purchasing power of a nation's own currency.
Countries may pursue such a strategy to gain a competitive edge in global trade and reduce sovereign debt burdens.
Devaluation, however, can have unintended consequences that are self-defeating.
Devaluing Currency
It may seem counter-intuitive, but a strong currency is not necessarily in a nation's best interests. A weak domestic currency makes a nation's exports more competitive in global markets, and simultaneously makes imports more expensive. Higher export volumes spur economic growth, while pricey imports also have a similar effect because consumers opt for local alternatives to imported products. This improvement in the terms of trade generally translates into a lower current account deficit (or a greater current account surplus), higher employment, and faster GDP growth. The stimulative monetary policies that usually result in a weak currency also have a positive impact on the nation's capital and housing markets, which in turn boosts domestic consumption through the wealth effect.


It is worth noting that a strategic currency devaluation does not always work, and moreover may lead to a 'currency war' between nations. Competitive devaluation is a specific scenario in which one nation matches an abrupt national currency devaluation with another currency devaluation. In other words, one nation is matched by a currency devaluation of another. This occurs more frequently when both currencies have managed exchange-rate regimes rather than market-determined floating exchange rates. Even if a currency war does not break out, a country should be wary about the negatives of currency devaluation. Currency devaluation may lower productivity, since imports of capital equipment and machinery may become too expensive. Devaluation also significantly reduces the overseas purchasing power of a nation’s citizens.


Below, we look at the three top reasons why a country would pursue a policy of devaluation:

1. To Boost Exports
On a world market, goods from one country must compete with those from all other countries. Car makers in America must compete with car makers in Europe and Japan. If the value of the euro decreases against the dollar, the price of the cars sold by European manufacturers in America, in dollars, will be effectively less expensive than they were before. On the other hand, a more valuable currency make exports relatively more expensive for purchase in foreign markets.

In other words, exporters become more competitive in a global market. Exports are encouraged while imports are discouraged. There should be some caution, however, for two reasons. First, as the demand for a country's exported goods increases worldwide, the price will begin to rise, normalizing the initial effect of the devaluation. The second is that as other countries see this effect at work, they will be incentivized to devalue their own currencies in kind in a so-called "race to the bottom." This can lead to tit for tat currency wars and lead to unchecked inflation.

2. To Shrink Trade Deficits
Exports will increase and imports will decrease due to exports becoming cheaper and imports more expensive. This favors an improved balance of payments as exports increase and imports decrease, shrinking trade deficits. Persistent deficits are not uncommon today, with the United States and many other nations running persistent imbalances year after year. Economic theory, however, states that ongoing deficits are unsustainable in the long run and can lead to dangerous levels of debt which can cripple an economy. Devaluing the home currency can help correct balance of payments and reduce these deficits.


There is a potential downside to this rationale, however. Devaluation also increases the debt burden of foreign-denominated loans when priced in the home currency. This is a big problem for a developing country like India or Argentina which hold lots of dollar- and euro-denominated debt. These foreign debts become more difficult to service, reducing confidence among the people in their domestic currency.

3. To Reduce Sovereign Debt Burdens
A government may be incentivized to encourage a weak currency policy if it has a lot of government-issued sovereign debt to service on a regular basis. If debt payments are fixed, a weaker currency makes these payments effectively less expensive over time.

Take for example a government who has to pay $1 million each month in interest payments on its outstanding debts. But if that same $1 million of notional payments becomes less valuable, it will be easier to cover that interest. In our example, if the domestic currency is devalued to half of its initial value, the $1 million debt payment will only be worth $500,000 now.

Again, this tactic should be used with caution. As most countries around the globe have some debt outstanding in one form or another, a race to the bottom currency war could be initiated. This tactic will also fail if the country in question holds a large number of foreign bonds since it will make those interest payments relatively more costly.


The Bottom Line
Currency devaluations can be used by countries to achieve economic policy. Having a weaker currency relative to the rest of the world can help boost exports, shrink trade deficits and reduce the cost of interest payments on its outstanding government debts. There are, however, some negative effects of devaluations. They create uncertainty in global markets that can cause asset markets to fall or spur recessions. Countries might be tempted to enter a tit for tat currency war, devaluing their own currency back and forth in a race to the bottom. This can be a very dangerous and vicious cycle leading to much more harm than good.

Devaluing a currency, however, does not always lead to its intended benefits. Brazil is a case in point. The Brazilian real has plunged substantially since 2011, but the steep currency devaluation has been unable to offset other problems such as plunging crude oil and commodity prices, and a widening corruption scandal. As a result, the Brazilian economy has experienced sluggish growth.

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Related Terms
What Is Competitive Devaluation?
Competitive devaluation is a series of currency depreciation that nations resort to in tit-for-tat moves to gain an edge in international export markets. more
Trade War
A trade war arises when one country retaliates against another by raising import tariffs or placing other restrictions on the other country's imports. more
Understanding Devaluation, the Causes, and the Downsides.
Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency, group of currencies, or standard. more
Beggar-Thy-Neighbor Definition
Beggar-thy-neighbor is a term for policies that a country enacts to address its economic woes that worsen the economic problems of other countries. more
What Is the Net Exports Formula?
A nation's net exports are the value of its total exports minus the value of its total imports. The figure also is called the balance of trade. more
Sovereign Risk
Sovereign risk is the risk that a foreign government will default on their bonds or impose foreign exchange regulations that harm FX contracts' value.

Source: Investopedia

erwinschro:


Its quite simple actually, we are spending all the money on subsidy.

That is the narrative we are being given and that is a big problem.
My worry is this and I think the FPI will be concerned too: if oil price is about $100 and we still cannot get enough dollar to balance our trade, what do you think will happen if oil price drops to like $50 ? Where are we going to get dollar to give them to repatriate their money if and when they decide to move their funds?

RabbiDoracle:


You are in the spirit. Thanks.

Same happened in 1972 or so with severe devaluation of the dollar. They can't escape this.

Fed is between the wall and the wallpaper. Now they are faced with something very difficult - fighting inflation by raising rates to the point of causing a depression. I didn't use recession because they are already in it. I used depression because it could be a continual quarter to quarter decline in GDP for up to 2 years minimum if they can really solve this issues.

Things in their economy have broken and there is no stopping it.

It is an interesting time to live.

Don't get carried away.

High oil prices in combination with rising rates strengthens demand for dollar...

MYMINDER:


Don't get carried away.

High oil prices in combination with rising rates strengthens demand for dollar...

Says the person that spent most of their time on romance section.

Good morning house,

Please did Unilever pays dividend on 6th of May.

I have not receive mine?

Thanks

Yes, I received mine on the 7th May

kalkah:
Yes, I received mine on the 7th May

Thank you

So what stocks are we buying today?