NGX bullish run continues as ASI hits 95,768.12 points

https://nairametrics.com/2024/01/22/ngx-bullish-run-continues-as-asi-hits-95768-12-points/

NEM Insurance appoints Idowu Semowo as executive director 

https://nairametrics.com/2024/01/22/nem-insurance-appoints-idowu-semowo-as-executive-director/

Shell Assets Acquisition: Aradel assures shareholders enormous benefits

https://tribuneonlineng.com/shell-assets-acquisition-aradel-assures-shareholders-enormous-benefits/

BREAKING: Otedola explains why he is buying Dangote Cement shares

https://nairametrics.com/2024/01/22/otedola-explains-why-he-is-buying-dangote-cement-shares/

ositadima1:


The market has already crashed (in real value) as the Naira has lost more than 50% of its value.

You will be very disappointed, brother. You had better position yourself now in value stocks or US dollars, as the Naira is going to fall further before year end.

Your Elliott Wave analysis will disappoint you. I don't talk finish.

Naira from around 800 to 1400 now , that’s a loss of 75% since may/june , I hope my maths is correct

Returns need to be above 75% for investment in the nse to be ahead , I think most stocks have given that so far , but will it continue ?
Beating devaluation and inflation in Nigeria is an unending battle with naira assets

masseratti:
i don't understand this your quote.

Just curious , Was it residential or commercial , what region and was it in a state capital ?

Streetinvestor2:
Oga Emma abeg explains this as simple as possible
If I decide to go for the first offer. Does it mean I will be paid 16% plus and to be liquidated by 2027 which is next 3yrs though I am seeing 10 yr re opening. And this applies to the remaining offer

It will sell at a premium thereby bringing your yield to about 13.5%, which is about the going for a 3 year bond

There's no way Dangote's refinery will sell only to the Nigerian Market.

When he starts shipping to neighbouring countries it'll definitely be priced in USD, that's one source of dollar inflow.

You can hedge in dollars first thing by 8am, but you can equally afford to stick to some naira for appreciation.

Stability in supply of jet fuel brings stability in foreign trips logistics, hence more dollar inflow.

I expect the naira to appreciate(maybe no to 650) as Tax boss as hinted by the end if tge year, especially if they removed that custom bottlenecks on import/export business.

Don't bet against the naira.

Except Bulaba is incapacitated!

Streetinvestor2:
Oga Emma abeg explains this as simple as possible
If I decide to go for the first offer. Does it mean I will be paid 16% plus and to be liquidated by 2027 which is next 3yrs though I am seeing 10 yr re opening. And this applies to the remaining offer

First, the 16% there is the already set coupon price/biannual interest price. However, your yield could be more or less depending on what is decided at that auction.

Yes 2027 is 3 years from now. Since it's 10yr bond, it means the bond was first auction in 2017. The word reopening there signifies that it's not fresh. It has been existing.

Yes that applies to all of them where you see reopening.

rmx:


Beating devaluation and inflation in Nigeria is an unending battle with naira assets

I hope you know if the farms get protection, especially if the FG decides to guard Niger state n Benue as strategic assets due to their arable land mass and productivity, you know this talk will change?

"Those who are right do not argue, those who argue ain't right..."

What's the essence of bragging in a faceless platform? Who are you trying to impress?

Have you asked why it's just few people that have access to my email?

Real great people allow people to do alot of findings/guessing about them but in a faceless platform like this ... There's no need for that

Like I said earlier newbies "be careful about stockpicks ... "

Streetinvestor2:
Oga Emma abeg explains this as simple as possible
If I decide to go for the first offer. Does it mean I will be paid 16% plus and to be liquidated by 2027 which is next 3yrs though I am seeing 10 yr re opening. And this applies to the remaining offer

Oga Emma has answered your question professionally but let me practicalize it.

If you want to buy the bond with N10 Million for example @16% and u have 3 years left.

Buying at premium means that you will pay more for the bond. Let's assume the amount u paid was N11 Million. This means that every time your coupon is paid, it will be 16% of N10 million and not the N11 Million that you paid. because the face value of your bond is N10 Million and not N11 Million.
At the end of the tenor or maturity, you will get your last coupon payment and N10 Million. You will not get the N11 million that you paid initially.
By the time you aggregate all your earnings and match it against the N11 Million that you paid for the investment, your real interest over the period which we call yield will not be 16% but will be less than that. That's the assumption of around 13.5% that Oga Emma said.
Since from the example, you want to invest N10 million @16% for 3 years remaining out of the 10 years bond; the price to pay for this is the N11 Million. Your principal of N10 Million is what you get on maturity and not the N11 Million price.

For the purpose of this explanation, the figures quoted are mere examples and not the real results of any calculations.

I hope this helps

rmx:


Just curious , Was it residential or commercial , what region and was it in a state capital ?

it's a residential service apartments, I won't call it either residential nor commercial, its in oniru estate Lagos.

masseratti:
it's a residential service apartments, I won't call it either residential nor commercial, its in oniru estate Lagos.

The property was overpriced

emmanuelewumi:




The property was overpriced

Seems you are based in EKO?

Otedola’s return raises Africa’s richest to $82.4 billion valuation

https://nairametrics.com/2024/01/23/otedolas-return-raises-africas-richest-to-82-4-billion-valuation/

ExxonMobil sues investors to block vote on climate resolution at AGM

https://nairametrics.com/2024/01/22/exxonmobil-sues-investors-to-block-vote-on-climate-resolution-at-agm/

emmanuelewumi:




The property was overpriced

Absolutely

Returns of 50% in 5 years is low

emmanuelewumi:




The property was overpriced

not at all 8, 3 bedrooms with a pent house in Victoria Island extension lekki is what you saying was over priced? Smh.. Your opinion tho.. Do you know how much just land is in that area?

Ding!

Willie DANGC still doing wonders...

Seems we have to forget this thing till #1k?

KarlTom:
Ding!

Good bye Janet

masseratti:
not at all 8, 3 bedrooms with a pent house in Victoria Island extension lekki is what you saying was over priced? Smh.. Your opinion tho.. Do you know how much just land is in that area?

What was the rental income from the Investment and the expected rental income growth

Market will stabilize when the fearfuls are done selling possibly.....
We still dey observe.....

DANGCEM @650 though......Up with +57.....
Banks not falling as may be expected......
Oil and gas in green......
....so far...

masseratti:
not at all 8, 3 bedrooms with a pent house in Victoria Island extension lekki is what you saying was over priced? Smh.. Your opinion tho.. Do you know how much just land is in that area?

What is the going rate for similar properties in that area or Did he sell below that ?

Meanwhile Buafoods @#254. Hmm, Alhaji might list his own above #100.

yMcy56:
Market will stabilize when the fearfuls are done selling possibly.....
We still dey observe.....

DANGCEM @650 though......Up with +57.....
Banks not falling as may be expected......
Oil and gas in green......
....so far...

My sister don't fight the market Lol

Agbalowomeri:


My sister don't fight the market Lol

Agba dollars, let this market breathe na

Though some pull back
Expected before now.
But ASI will get to 100k first.
Pullback can go back to 95k.
120 is eminent before Q2.

I am very much bullish in the market.
Janet can wait but not now

thebargainhunte:
Meanwhile Buafoods @#254. Hmm, Alhaji might list his own above #100.

The battle of the ALHAJIS

rmx:


Naira from around 800 to 1400 now , that’s a loss of 75% since may/june , I hope my maths is correct

Returns need to be above 75% for investment in the nse to be ahead , I think most stocks have given that so far , but will it continue ?
Beating devaluation and inflation in Nigeria is an unending battle with naira assets

megawealth01:


Agba dollars, let this market breathe na

Ahh I am only looking out for my woman

Agbalowomeri:
My sister don't fight the market Lol

Lol. Fight ke!!
I no be Mr. Market nah..........and it will do what it will do.
By mid-day, we should have some direction I Blvd

But, like I said, let's see how it goes.........dumping or appreciation, all na part of trading nah.

** Not any form of hold or sell ooo, anyone wey wan sell, sell make the market breathe

* Won't give any update for now again.......let's allow Mr. Market have it's way.....

Seplat jumped again