stcool:


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!

Mpeace:
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.

Mpeace:
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.

molybdenum0012:
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 ?

BullBearMkt:

What? Is that the new rule? That dividends older than 12 years is gone?

Dupeodus:


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.

megawealth01:
Today's Top trades' volumes

CeeJeckydivah:


Thanks for replying, I'm new to meritrade. I don't know how their system works

emmasoft:


@BullBearMkt, this rule has always be there perherps because must people dont wait that long before making moves to claim their dividend hence they are not aware. It's not new.

In fact there is a move to reduce it to 6 years as well as FG to borrow unclaimed dividend but shareholders group continue to fight against it.

defebe:


What is UK producing that is making GBP stable against they dollar..UK has a nation is always in trade deficit

BullBearMkt:

...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!

BabsO2:


This could create a big mess. Based on current economic and social condition of the country it could lead to steady continued devaluation, except economic and social conditions improve to make Nigeria attractive for both Nigerians and Foreigners. This policy on its own has a tendency to worsen things as people run towards perceived consistency. However, if security (a social condition) improves this policy could make some economic activities attractive, especially those that substitute imported goods or are involved in exports from Nigeria.

defebe:


What is UK producing that is making GBP stable against they dollar..UK has a nation is always in trade deficit

ositadima1:


UK earns significant investment income from profits and dividends repatriated back from British companies' overseas operations and subsidiaries. The trade deficit does not tell the full story.

BullBearMkt:

I hope you realise that many of the companies you listed above are not British companies, and as such, do not repatriate any money back to the UK. And some are purely local companies with little or no international presence.

ositadima1:


Which companies on the list are not British companies? Also, which ones are local UK companies so I can cross-check?

BullBearMkt:

...that's an assignment for you.
Let's focus on Nigerian Stocks bro

ositadima1:


Top companies in the UK

Energy:
Shell (SHEL): Oil and gas
BP (BP.): Oil and gas
National Grid (NG): Electricity and gas transmission and distribution


Pharmaceuticals and Biotechnology:

What has this got to do with UKs trade balance.

AstraZeneca (AZN): Pharmaceuticals and biotechnology
GlaxoSmithKline (GSK): Pharmaceuticals and healthcare


Financial Services:
HSBC (HSBA): Banking and financial services
Lloyds Banking Group (LLOY): Banking and financial services
Barclays (BARC): Banking and financial services


Consumer Goods:
Unilever (ULVR): Food, home care, and beauty products
Diageo (DGE): Alcoholic beverages
Reckitt Benckiser (RB): Hygiene and household products


Retail:
Tesco (TSCO): Groceries and general merchandise
Sainsbury's (SBRY): Groceries and general merchandise
Marks & Spencer (MKS): Clothing, food, and homeware


Telecommunications:
Vodafone Group (VOD): Mobile telecommunications
BT Group (BT): Telecommunications and internet services


Others:
Rio Tinto (RIO): Mining and metals
BAE Systems (BA.): Aerospace, defense, and security
Rolls-Royce (RR.): Aerospace and engineering
BHP (Mining and Petroleum)
Aveva - Engineering and industrial software.
ARM Holdings - Designs semiconductor and software technology, acquired by SoftBank Group


Just a few top ones with global presence.

ositadima1:


Top companies in the UK

Energy:
Shell (SHEL): Oil and gas
BP (BP.): Oil and gas
National Grid (NG): Electricity and gas transmission and distribution


Pharmaceuticals and Biotechnology:
AstraZeneca (AZN): Pharmaceuticals and biotechnology
GlaxoSmithKline (GSK): Pharmaceuticals and healthcare


Financial Services:
HSBC (HSBA): Banking and financial services
Lloyds Banking Group (LLOY): Banking and financial services
Barclays (BARC): Banking and financial services


Consumer Goods:
Unilever (ULVR): Food, home care, and beauty products
Diageo (DGE): Alcoholic beverages
Reckitt Benckiser (RB): Hygiene and household products


Retail:
Tesco (TSCO): Groceries and general merchandise
Sainsbury's (SBRY): Groceries and general merchandise
Marks & Spencer (MKS): Clothing, food, and homeware


Telecommunications:
Vodafone Group (VOD): Mobile telecommunications
BT Group (BT): Telecommunications and internet services


Others:
Rio Tinto (RIO): Mining and metals
BAE Systems (BA.): Aerospace, defense, and security
Rolls-Royce (RR.): Aerospace and engineering
BHP (Mining and Petroleum)
Aveva - Engineering and industrial software.
ARM Holdings - Designs semiconductor and software technology, acquired by SoftBank Group


Just a few top ones with global presence.

ositadima1:


UK earns significant investment income from profits and dividends repatriated back from British companies' overseas operations and subsidiaries. The trade deficit does not tell the full story.

defebe:



How have the contributed to UK trade balance..70 percent if not 80 percent of goods sold by most retail stores are imported. UKs make FX earning is from Gold and sales of Luxury vehicle..A country is having a trade deficit of over 80billion pound annually, u are posting company names.. Do you know how many time the govt has bailed out lloyds bank Group?

ositadima1:


Major UK multinationals likely repatriated well over $50 billion combined back to the UK in 2023 from their worldwide operations and subsidiaries.

"BP - The oil & gas giant reported $8.2 billion in profit attributable to UK shareholders in 2022. This suggests over $8 billion was likely repatriated back to the UK in 2023.

Shell - Shell's worldwide net income attributable to shareholders reached $39.9 billion in 2022. Even if 25% was repatriated to the UK, it would amount to around $10 billion.

HSBC - In the first 9 months of 2022, HSBC's reported profit after tax was $11.6 billion. Its final 2022 results could see over $15 billion eventually repatriated to the UK.

GSK - GSK reported £10.3 billion in profits in 2022. Up to £8-9 billion may have been repatriated back to the UK this year.
AstraZeneca - The pharmaceutical giant generated $10.9 billion in worldwide profits last year. Likely repatriation to the UK in 2023 could exceed $8 billion.

Rio Tinto - With $26 billion in earnings in 2022, even a 30% repatriation rate would bring around $8 billion back to the UK this year." -- Copied

ositadima1:


Major UK multinationals likely repatriated well over $50 billion combined back to the UK in 2023 from their worldwide operations and subsidiaries.

"BP - The oil & gas giant reported $8.2 billion in profit attributable to UK shareholders in 2022. This suggests over $8 billion was likely repatriated back to the UK in 2023.

Shell - Shell's worldwide net income attributable to shareholders reached $39.9 billion in 2022. Even if 25% was repatriated to the UK, it would amount to around $10 billion. Netherlands

HSBC: In the first 9 months of 2022, HSBC's reported profit after tax was $11.6 billion. Its final 2022 results could see over $15 billion eventually repatriated to the UK.

GSK - GSK reported £10.3 billion in profits in 2022. Up to £8-9 billion may have been repatriated back to the UK this year.
AstraZeneca - The pharmaceutical giant generated $10.9 billion in worldwide profits last year. Likely repatriation to the UK in 2023 could exceed $8 billion.

Rio Tinto - With $26 billion in earnings in 2022, even a 30% repatriation rate would bring around $8 billion back to the UK this year." -- Copied

defebe:


What's the value of UKs FPIs and how much in billion to the repatriate back to the UK yearly

ositadima1:


Same way, Dangote Cement in Cameroon, Congo, Ghana, Senegal, Sierra Leone, and other countries likely repatriated money back to Nigeria from its foreign operations.

ositadima1:


Same way, Dangote Cement in Cameroon, Congo, Ghana, Senegal, Sierra Leone, and other countries likely repatriated money back to Nigeria from its foreign operations.

defebe:


They know how to play which game? As at Q3 of 2023, UK had a trade deficit of about £6bn..,meaning they need to borrow more to service most of their trade. The question is how come is is not really affecting the GBP. Note, FDI into the Kingdom is not increasing also.