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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11422000 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:11pm On Feb 01 |
Streetinvestor2: Well if I'm wrong then 2 things you guys need to tell me .. what the heck is SMN ! p s. If you know the answers then spill the beans! |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 8:52pm On Feb 01 |
stcool:ok sir.The truth is I have never needed dollars for anything. The only time I had business with dollars was when eti was paying me in dollars in cash. The only reason I have dom account now and have never withdrawn from it is because of gtb GDR I have in my portfolio . Make dollars self reach 2k make I see if heavens go fall.i like to experience things as street guy.During the civil war from history that was when some people still became millionaire. So I believe this is my time to become billionaire no matter what 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:00pm On Feb 01 |
SonofElElyonRet:SMN =stock market nigeria. It was the forum here on nairaland whr the real ogas and gurus contributed to stock market. Then the thing scattered and was removed as a thread .Some ogas here are well known members of smn Afolabi units originated over thr and monkey hunting. Plenty chairman be dey the thread Afolabi units is a way of describing your buying in a humble way based on your capacity without mentioning the units because of different reasons. That was how I saw it then.A moniker started using it not to showoff his capacity and the forum adopted it 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ttmax09(m): 9:01pm On Feb 01 |
Shouldn't Transcorp hotel take the award for the most manipulated company? a trillion Naira company with 60kobo EPS, I pity unsuspecting investors who bought it expensive sha. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stronglink: 9:09pm On Feb 01 |
Streetinvestor2:Enlighten us about afolabi units if you know the meaning please 🙏 |
Re: Nigerian Stock Exchange Market Pick Alerts by molybdenum0012: 9:15pm On Feb 01 |
Hello guys, I need your advice. My wife here just got an info to claim an unclaimed dividends of share she bought about 23 years ago with Conoil before she left Nigeria. She has gone through the link and found out her name is there: https://sec.gov.ng/non-mandated/ Now she does not have the certificate any more nor any Nigeria bank account number. She is wondering if it worth it to come down to naija to claim it or not . Please, brokers in the house what's your advice ? |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:26pm On Feb 01 |
ttmax09:We dont know yet why it has been flying. Could some form of Ote$ be involved. Mind you the majority shareholders in transcorp hotel are 1) The federal Government 2) Transcorp. These two own about 87.2 of the total OS. Its not necessarily the result that is pushing this one I think someone is buying at all cost maybe to force a takeover. |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 9:26pm On Feb 01 |
stronglink: Streetinvestor2:Thanks! Now we know.... |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:33pm On Feb 01 |
ttmax09: Seems you don't know most of this Chairmen are thieves and very selfish. 60kobo is what they want you to see... someone with inside information may be seeing #4 EPS. That is the difference. Until Ote$ wanted to take.over Transcorp, what was the price of Transcorp...TOE na Wale with better suit and lamba! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Dupeodus: 9:33pm On Feb 01 |
Hogwarthtrades: No. FBN has not explained the hugh N681 billion FVTPL gain. If you go to note 10, there is nothing there. They just restated the line and amount. If you go to note 19 where FVTPL are listed, you see a line for derivative assets for N617 billions. On the face of it, this looks like a booking of paper assets for inclusion in P&L as FVTPL gain. However, there must be an underlying transaction that gave rise to this asset which FBN did not disclose. Given the size of the asset and its impacts on the p&l, the underlying transaction merits disclosure. Unlike the other big banks, FBN has a hugh figure of N350 billions as foreign exchange loss in the face of a massive devaluation of the naira. What this tells me is that the derivative transaction created a hugh foreign currency liability for FBN. All of these needs to be disclosed. Hopefully, the auditors will not let FBN get away with this level of opaqueness amd there will be disclosure in the published financial statement. 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 9:36pm On Feb 01 |
molybdenum0012: Whether it's worth it or not to come over depends on her holdings currently. If her holdings is not much there is no point coming purposely for the dividend or the proceeds. Also note that any dividend older than 12 years cannot be paid to her. Personally I will advice if the quantity she has is not much, there is no point coming because her dividend and the proceeds from the sale may not cover the cost of her ticket except if she has other things to do here in Nigeria. By the way conoil closed today at 101. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:51pm On Feb 01 |
Dupeodus:.It could be recovered bad loans with interest written off in all this previous yrrs since it is no dollars revaluation. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:34pm On Feb 01 |
I thought of this too especially now that Barbican/Oba is 'officially' back in the mix ![]() I sincerely hope he will allow Ote work his magic... However, that amount is HUGE! Whatever the financial instruments are needs to be revealed... Streetinvestor2: |
Re: Nigerian Stock Exchange Market Pick Alerts by molybdenum0012: 10:43pm On Feb 01 |
emmasoft: |
Re: Nigerian Stock Exchange Market Pick Alerts by crownprince2017: 11:34pm On Feb 01 |
Our ellahlakes crusaders, is your insight still intact on the stock or there is a change now? I hope the management are trustworthy to deliver on there plans. Can we continue to load? Thank you you all for the good jobs.. |
Re: Nigerian Stock Exchange Market Pick Alerts by educasn: 12:31am On Feb 02 |
Hello all, kindly advise please 1. I like to know if it is possible and legal to have two NGX trading accounts having different Chn numbers with same stockbroker 2. If I use two stockbrokers each having a different Chn number for my account with them can I ask that details be changed so that my accounts in these stockbroker houses can have same CHN numbers. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 2:46am On Feb 02 |
stcool: Revenue per share is N4.00, where will EPS of N4.00 come from? Net margin in the sector is between 10% to 20%, so from a revenue per share of N4 00, should produce EPS of between 40k and 80k 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 7:21am On Feb 02 |
emmasoft:What? Is that the new rule? That dividends older than 12 years is gone? ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 7:32am On Feb 02 |
Streetinvestor2: Recoveries are captured under Other Operating Income. Note 12. That item on note 10 is opaque. About 64% of it arose in Q4. Hopefully, the audited reported will throw more light. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by defebe: 7:33am On Feb 02 |
Willie2015: What is UK producing that is making GBP stable against they dollar..UK has a nation is always in trade deficit 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 7:33am On Feb 02 |
BullBearMkt: Yes. Has been so for many years. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 7:42am On Feb 02 |
defebe:They know how to play the game. Go to UK you will hardly see any foreign currency aprt from the pounds, and you hardly send their pounds out. They also highly restrict trades in foreign goods especially food items. They bring all sorts of barriers in the name of standards and test that ensure that you hardly import. They consume mostly UK items and still export to african countries while rating our goods as substandard. They also have many multinational companies that like shell etc that bring in lots of revenue. They also somehow benefit from our poverty and corruption such that we provide them with cheap labour, fund some of their institutions through billions we (and other african and asians) pay as school fees etc most of their banks and real estate are financed with stolen money from africa. Finally they have a very very effective tax system. 11 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 7:53am On Feb 02 |
Frangel:...interesting! Checking the website the gentleman provided, I observed I've got unclaimed dividends in many companies I can't remember buying their stocks in recent times. Oooppss! ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:53am On Feb 02 |
You kept the best point for last... ![]() Mpeace: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 8:00am On Feb 02 |
Wawu ![]() The FGN do not need to do any borrowing of pension funds considering the amount of funds trapped as 'forgotten' dividends. Sadly many people bought shares for their children and died without proper documentation or handover... BullBearMkt: |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:06am On Feb 02 |
Mpeace:...your assertions about the UK are not entirely true. UK is heavily reliant on imports. According to the UK's Office for National Statistics (ONS), the total value of UK imports of goods and services in 2022 was £741.2 billion, compared to £670.3 billion in exports. Some recent trade statistics from the UK government that I gathered recently on importations: -Cars (£40.3 billion) - Source: House of Commons Library, UK Trade in Goods 2023 -Refined Oil (£28.5 billion) - Source: HM Revenue & Customs (HMRC), Trade Statistics, September 2023 -Crude Oil (£27.3 billion) - Source: HMRC, Trade Statistics, September 2023 -Foodstuffs & Live Animals (£23.2 billion) - Source: Department for Environment, Food & Rural Affairs (DEFRA), UK Food Imports Statistics - March 2023 The standard you made mention about are their procedures mainly for safety and quality control, not to restrict trade unfairly. The standards also apply to domestic products as well. The country also trade with African countries, importing various goods like cocoa, coffee, and minerals. Above are facts! ![]() ![]() ![]() ![]() ![]() 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 8:14am On Feb 02 |
KarlTom: The FG has been making moves to have access to the unclaimed dividends, but slowed by some resistance. Presently, it's in the plan to "borrow" part of unclaimed dividends of about 4 years, but will make them available when the owners show up. I'm wondering what the business FG has with profits of enterprises after collecting taxes? The best entity to keep the unclaimed dividends should be the entity that generated the profits=dividends in the first place. 5 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 8:18am On Feb 02 |
Exactly Frangel: |
Re: Nigerian Stock Exchange Market Pick Alerts by CeeJeckydivah: 8:24am On Feb 02 |
megawealth01: Thanks for replying, I'm new to meritrade. I don't know how their system works |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:30am On Feb 02 |
CeeJeckydivah: I think there's a meritrade marketer here... He should be able to put you through when he sees this message... MERITRADE is amongst the best... I use to QUANTUM and MAYFIELD back then 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:31am On Feb 02 |
BullBearMkt: You are correct 💯 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:33am On Feb 02 |
Nigeria Devalues Naira In Bid To Attract Foreign Investors - Financial Times https://www.ft.com/content/1729aa7c-3f92-4ff7-9310-c79b5e5cdb84 CBN Moves Against Banks For Hoarding $5billion https://thenationonlineng.net/nairas-fall-cbn-moves-against-banks-for-hoarding-5billion/ Operators In The Mining Sector Owe FG Over ₦2 Trillion - Dele Alake https://punchng.com/miners-owe-fg-over-n2tn-minister/?amp CBN Sets $1m As Capital Requirement For International Money Transfer Operators https://businessday.ng/news/article/cbn-sets-1m-as-capital-requirement-for-international-money-transfer-operators/ 1 Like 1 Share |
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