BAMOFIN1:
COST OF TRANSACTION. I culled this from a stock investor's complaint on Nairametrics

Ola Ilesanmi August 27, 2019 at 12:10 pm

I don’t actually know what investors will return as gains as from next January if an investor pays
1.statutory Charges on equities subscribed @ 3.9% per transaction
2. VAT on investment 5% per transaction
3. VAT ( the percentage yet to be declared by IFRS ) on online transactions within or outside the country . One should understand that dividends are now transmitted electronically .per dividend
4 . You are going to pay stamp duty of #56.5 per lodgement
5. A minimum charge of #50 for ATM maintenance .monthly .
A HYPOTHETICAL EXAMPLE
Company : Timber PLC
Cost per unit : #4
Buying 1000 units is equal to #4000
TRANSACTION
Brokerage charge at 3.9%= #156
VAT on investment at 5% = #200
VAT on dividends say at 5%#200
Stamp duty charge at #56.5
ATM monthly service at #50
TOTAL. #656.5
DIVIDEND DECLARED BY THE COMPANY
.45kobo per share translating to #(.45×1000units) ÷ 100 = #450
Therefore an investor’s is equal to -#246.5 !
Even if you have your name in Forbes as a captain of industries , the above is still outside infrastructural maintenance , tariffs , EPA , staff salary etcetera that is if the above example is to be in multiple of millions , billions , trillions say for a multi national company .
DO WE REALLY HAVE ECONOMIC THINKERS / PUNTERS IN NIGERIA ?
Jijoist should factor these costs.

In case the reader doesn't know, we all pay 5% VAT on transactions we make on NSE. And that 5% isn't on the total proceed. Rather it is on the brokerage fee.

So the 5% should be on N156. This is equal to N7. 8

The reader used 5% on dividend and arrived at N200 charge. He used 5% on the total proceed again.
There is never 5% VAT charge on dividend. There is only 10% Withholding tax on dividend which had been there for long.

The calculation the reader or whosoever made and arrived at negative of N246.5 shows that the reader lacks understanding of basic maths.

BAMOFIN1:



It is a reader's comment published on www.nairametrics.com. I wanted Nsempa to discuss the issue of overtaxing we will soon be subjected to and how we can possibly avoid some of them. Jijoist may discover that its a case of monkey work baboon dey chop.

You should have read and seen that the message the reader wrote was wrong and corrected him or her. But you chose to tell jijoist to look at it and be careful.

It shows you are gullible and don't know maths!

RabbiDoracle:


In case the reader doesn't know, we all pay 5% VAT on transactions we make on NSE. And that 5% isn't on the total proceed. Rather it is on the brokerage fee.

So the 5% should be on N156. This is equal to N7. 8

The reader used 5% on dividend and arrived at N200 charge. He used 5% on the total proceed again.
There is never 5% VAT charge on dividend. There is only 10% Withholding tax on dividend which had been there for long.

The calculation the reader or whosoever made and arrived at negative of N246.5 shows that the reader lacks understanding of basic maths.

..

BAMOFIN1:
COST OF TRANSACTION. I culled this from a stock investor's complaint on Nairametrics

Ola Ilesanmi August 27, 2019 at 12:10 pm

I don’t actually know what investors will return as gains as from next January if an investor pays
1.statutory Charges on equities subscribed @ 3.9% per transaction
2. VAT on investment 5% per transaction
3. VAT ( the percentage yet to be declared by IFRS ) on online transactions within or outside the country . One should understand that dividends are now transmitted electronically .per dividend
4 . You are going to pay stamp duty of #56.5 per lodgement
5. A minimum charge of #50 for ATM maintenance .monthly .
A HYPOTHETICAL EXAMPLE
Company : Timber PLC
Cost per unit : #4
Buying 1000 units is equal to #4000
TRANSACTION
Brokerage charge at 3.9%= #156
VAT on investment at 5% = #200
VAT on dividends say at 5%#200
Stamp duty charge at #56.5
ATM monthly service at #50
TOTAL. #656.5
DIVIDEND DECLARED BY THE COMPANY
.45kobo per share translating to #(.45×1000units) ÷ 100 = #450
Therefore an investor’s is equal to -#246.5 !
Even if you have your name in Forbes as a captain of industries , the above is still outside infrastructural maintenance , tariffs , EPA , staff salary etcetera that is if the above example is to be in multiple of millions , billions , trillions say for a multi national company .
DO WE REALLY HAVE ECONOMIC THINKERS / PUNTERS IN NIGERIA ?
Jijoist should factor these costs.

All analysis done here is just rubbish!

To Oga Ogg, current price and other good F.A in the house......

I'm currently eyeing Dangote cement but @ what price will u touch it......Going by cement sales volume this year has not been a good year for the coy, I believe this will trickle down to dividend payment, I believe they will pay about #12 dividend this year............Also this share buy back that the management is proposing to carry out, when you look @ it critically, What are you buying back when you "Dangote" owns 90% of the company........

Taking a cue from FO, they bought shares back so as to change the name of the company, what could be up dangotes sleeves

RabbiDoracle:


All analysis done here is just rubbish!

If it was like this, EFCC would have since been looking for LOCO/MCY to come and pay for the balance of their transactions.....

RabbiDoracle:


In case the reader doesn't know, we all pay 5% VAT on transactions we make on NSE. And that 5% isn't on the total proceed. Rather it is on the brokerage fee.

So the 5% should be on N156. This is equal to N7. 8

The reader used 5% on dividend and arrived at N200 charge. He used 5% on the total proceed again.
There is never 5% VAT charge on dividend. There is only 10% Withholding tax on dividend which had been there for long.

The calculation the reader or whosoever made and arrived at negative of N246.5 shows that the reader lacks understanding of basic maths.

Indeed a TOTAL lack of knowledge in basic math !!
...which was why I felt it would be an outright waste of time replying to the post, as I was busy executing a trade at the time.
People can sometimes live in ludicrous computations and baseless assumptions.
The writter is just another perfect example of a locodemy-like personality !!

...but it is well.

DeRuggedProf:


If it was like this, EFCC would have since been looking for LOCO/MCY to come and pay for the balance of their transactions.....

Imagine the calculation showed that VAT on dividends is 5% of total proceed.

Then below he wrote that divided of 0.45 x 1,000 units gave N450.

I am just thinking about the future of Nigerians if they can think so low mathematically and commonsensically.

PETERiCHY:
UAC of Nigeria Plc closed at N7.60 in yesterday’s trading session on the Nigerian Stock Exchange (NSE), down 0.65%. Year to date, the stock is

Investors that have held the stock, in the last 5 years, have lost a key chunk of their holdings. In April 2014, the stock was trading at N53.78. Investors that have held since then, have thus lost over 85% of their holdings, in terms of share value.

https://nairametrics.com/2019/04/04/uac-of-nigeria-hits-10-year-low/amp/

Let me help someone's ministry if you know you know.

BARGAIN HUNTERS BETTER FOLLOW THE MONEY & DONT BE LEFT BEHIND!

*ThE OcToPuS*

Holding stock for long term in NSE is unprofitable, at least, since the 2007 crash. The loss in value of UAC highlighted here is also true of most established stocks in the Nigerian market. I remember having to give bribe to my broker to ensure he succeeded in buying Fbn for me at N50. In the past the preponderance of opinions of our gurus was that long term is good and short term a sin. I sense that in this Nsempa there is more tolerance of shortermers because they actually make money. This is a good development. Short termers, and even Jijoist, must be encouraged to disclose their strategies, methodology, observations, tips and tricks. I suspect that money bags have assembled groups of young jijo traders in the NSE who are given access to billions of Naira whose sole purpose is to make 10% over and over again for their masters, a sort of real life Wall Street Warriors scenario. My kudos goes to pioneering shortermers and jijost on this forum. Am almost afraid to name names as the appellation may still be considered as offensive by some.

onegentleguy:


Indeed a total lack of knowledge in basic math !!
...which was why I felt it would be an outright waste of time replying to the post at the time.
People can sometimes live in baseless assumptions. The writter was just another example of a lodemy-like personality.

...but it is well.

Nairametric should have censored that post because it was a disgrace. The reader doesn't even under anything about investment world.

And for a member here to call for discussion of it here and warning jijoist to be careful shows that the member too doesn't understand a thing about investing on stock.

You can't just repeat crap as true! If the poster was a buyer of stock, he should have known that there is an aspect of that reader's comment that is false and that has to do with VAT on dividend (5% of Total consideration).

We really need to advocate for the financial literacy of the Nigerian youth/populace.

BAMOFIN1:


Holding stock for long term in NSE is unprofitable, at least, since the 2007 crash. The loss in value of UAC highlighted here is also true of most established stocks in the Nigerian market. I remember having to give bribe to my broker to ensure he succeeded in buying Fbn for me at N50. In the past the preponderance of opinions of our gurus was that long term is good and short term a sin. I sense that in this Nsempa there is more tolerance of shortermers because they actually make money. This is a good development. Short termers, and even Jijoist, must be encouraged to disclose their strategies, methodology, observations, tips and tricks. I suspect that money bags have assembled groups of young jijo traders in the NSE who are given access to billions of Naira whose sole purpose is to make 10% over and over again for their masters, a sort of real life Wall Street Warriors scenario. My kudos goes to pioneering shortermers and jijost on this forum. Am almost afraid to name names as the appellation may still be considered as offensive by some.

See your suspicion

You no sabi basic maths! Just go and read JSS1 maths from afresh.

RabbiDoracle:


Nairametric should have censored that post because it was a disgrace. The reader doesn't even under anything about investment world.

And for a member here to call for discussion of it here and warning jijoist to be careful shows that the member too doesn't understand a thing about investing on stock.

You can't just repeat crap as true! If the poster was a buyer of stock, he should have known that there is an aspect of that reader's comment that is false and that has to do with VAT on dividend (5% of Total consideration).

We really need to advocate for the financial literacy of the Nigerian youth/populace.

Surely, the importance of the part in bold cannot be overemphasized !!
May God give us the grace !!

RabbiDoracle:


See your suspicion

You no sabi basic maths! Just go and read JSS1 maths from afresh.

Sir what has maths got to do with a call for more tolerance for shortermers, for them to be able to show us tips?

Ekuu weekend o

Heishere:


Here you go. Line 3 - 6 is in billions

FY 18 CCNN OBU Enlarged OBU
Energy Coal & LPFO Gas Gas, Coal & LPFO
shares 13,143,502 40,000 33,864,354
Revenue 31,721,962 87,290,610. 119,012,572
EBIT. 7,874,575 35,149,843 43,024,418
PAT 5,731,320 58,585,867 64,317,187
COGS per ton (N) (23,592) (19,727) (20,757)
Gross margin 45% 54% 51%
EPS (N) 0.44 1,465 1.90
ROE. 2% 68% 15%
Debt to Capital 0.16% 4% 0.93%
BVPS (N) 25.37 2,150.37 12.39
P/B (x) 0.65 0.01 1.32
P/E (x) 37.61 0.01 8.63

if this is going to be their combine numbers then N35 post listing price is overvalued.

watch ur back those in d bus, after relisting u might not be able to sell on full offer until mkt reprice the stock to it true value

.

RabbiDoracle:


Nairametric should have censored that post because it was a disgrace. The reader doesn't even under anything about investment world.

And for a member here to call for discussion of it here and warning jijoist to be careful shows that the member too doesn't understand a thing about investing on stock.

You can't just repeat crap as true! If the poster was a buyer of stock, he should have known that there is an aspect of that reader's comment that is false and that has to do with VAT on dividend (5% of Total consideration).

We really need to advocate for the financial literacy of the Nigerian youth/populace.

Masterclass

maishai:
To Oga Ogg, current price and other good F.A in the house......

I'm currently eyeing Dangote cement but @ what price will u touch it......Going by cement sales volume this year has not been a good year for the coy, I believe this will trickle down to dividend payment, I believe they will pay about #12 dividend this year............Also this share buy back that the management is proposing to carry out, when you look @ it critically, What are you buying back when you "Dangote" owns 90% of the company........

Taking a cue from FO, they bought shares back so as to change the name of the company, what could be up dangotes sleeves

I believe i've done several analysis on DANGOTE CEMENT here ...u can dig up some of my past post on it for guidance.
While I think that the stock remains worthy enough to be in ones portolio, I believe that only those whose investment horizon aligns with the mid to long term should consider it. ...well, at least for now.
Why?
...because in the short to mid term, THERE ARE BETTER STOCKS(alternatives) to choose from the mkt at this time !!
Especially when u relate the 3 of INVESTMENT CAPITAL, FEASIBLE REWARD and the thing about TIME VALUE FOR MONEY.
We already highlighted some of the healthy coys to associate with for a higher chance of REWARD(ROI in view)

This however does not take away from the fact the coy remains a BUY !!
Using an appropriate mix of certain key valuation model, my FVE projects a N197.40 price peg to YE.
But then again, if I were to choose between the 3 listed cement coys in the exchange, I'll prioritize WAPCO ahead of DANGOTE CEMENT... but DANGOTE CEMENT ahead of CCNN.
Again, the reason can be infered from the part in bold.

Regards

onegentleguy:


....and what a wise person will do is to point us to FACTS to defend ur claim with the part in bold.
But of course u CAN'T !! I make bold to say that u CAN'T. ...because there are none !!
The coys BENEISH M-SCORE(a financial modelling tool used to ascertain the possibility that the management of a company could be manipulating their income statement/balance sheet) CLEARLY proves that there are NONE !!
Elsewhere, the coys healthy ACCRUALS RATIO lends even more credence to that, while its UPR remains strong.

We know those who can back up claims with proven FACTS like we always do, and the ID, Locodemy is definitely NOT one of them !!
For instance, when I asserted that OANDO, WAPCO, GUINNESS, FBNH, UNITY and many others were playing pranks with their shareholders in the PAST(accelarating risk from red flags in view), I backed up my claims with proven underlying FACTS both outside and within their financial print.
If ONLY u can analyse and INTERPRET financial prints, then u would never assert FCMB' Q3 report to be poor. ...but u know u CAN'T. Which is why u'd usually wait for the revert from others. ...but even then, u'd be neither here nor there.
No wonder several persons have said that u quite possibly do NOT even own a stock, much less a portfolio.
...because ur ALWAYS talking !! It's either ur putting out claims WITHOUT basis or showing off on ur thrasonical but desolate disposition.
We know ur kind !!

Pls go and put out ur FCMB(if indeed u own any) for sale on Monday. ...someone will DEFINITELY buy it off from u.
Who knows it might even be that the coy is waiting for u to exit so it can push up freely.
Because I recall that it was after ur loquacious talk of exiting UACN, that the coy started out a much better ride up in price.

On a side note, I know u and 3 other 'identity clone' u use here. ...sooner or later, I shall EXPOSE u !!
The fact that u sometimes even reply to urself in a bid to triumph over ur ego, adds credence to ur machiavellian and deceptive nature.

Stop infesting this place with ur consistent 'thirteen to the dozen talk' and stark self praise !!
People CARE LESS about it !!

See uppercut.

currentprice:


if this is going to be their combine numbers then N35 post listing price is overvalued.

watch ur back those in d bus, after relisting u might not be able to sell on full offer until mkt reprice the stock to it true value

[s]_{^{if u must have cement in ur portfolio. look the side of wapco for now}}[/s]

They will not take it serious until it is late.

onegentleguy:


Indeed a TOTAL lack of knowledge in basic math !!
...which was why I felt it would be an outright waste of time replying to the post, as I was busy executing a trade at the time.
People can sometimes live in ludicrous computations and baseless assumptions.
The writter is just another perfect example of a locodemy-like personality !!

...but it is well.

Knockout

onegentleguy:


Indeed a TOTAL lack of knowledge in basic math !!
...which was why I felt it would be an outright waste of time replying to the post, as I was busy executing a trade at the time.
People can sometimes live in ludicrous computations and baseless assumptions.
The writter is just another perfect example of a locodemy-like personality !!

...but it is well.

OGG!!!
If you don't take time, I will hide your remote till 2050.....

DeRuggedProf:


OGG!!!
If you don't take time, I will hide your remote till 2050.....

Sorry Sir !!
...but it's just that I find it extremely disgusting when people behave 'Locodemically' !!
It's akin to been 'undemocratically demented'.
Frankly, that 'olodo' needs to change from his very ugly ways !!

Btw, so na u wey even hide my small TV remote. ...oya bring am come for joint, we go need am next week !!

Regards

RabbiDoracle:


Something that was at 16 for a long time, now it took off and you are still at the bus stop waiting.

If December accelerates, any profit taking will not dent the price. All bank stocks are cruising above the Kumo on the daily ichimoku.

Further rise in December will mean that they have started cruising above the Kumo on the weekly. Access is the only bank that is comfortably above the cloud on the weekly.

Once a stock is above the kumo, profit taking will only bring it down a little but it is still where it is.

i bought d little that my cashflow cld sustain then

na because more cashflow come now i wan buy again

my oga just pay me my gateman salary unlike una wey dey collect FAAC allocation monthly (blackgold things)

i even beg oga jejebaba then make him include me for hin foreign loan (like baba buhari own) wey hin dey arrange then but he use style dodge me

make una help me beg the chinese man make him come my yunction, i beg because me self wan enjoy dis second base wey dey come (make una no enjoy alone)

The kind of uppercuts and right hooks coming from Oracle and OGG today dey make me fear o. I withold all further comments till next month.

Afiahomes:
any reliable broker in the house?

I'm here.....only if you want to share pre-santa gifts.

DeRuggedProf:
If it was like this, EFCC would have since been looking for LOCO/MCY to come and pay for the balance of their transactions.....

Wehdon sir.

Let me come and be going, the kind of executive stones flying here fit cause ICU woundjuremt.

Talking About Seasonality...
We are in that period when NSE index is ALWAYS bullish. It is almost certain that the month of December is most likely ending in positive for the Nigerian Stock Exchange index. Looking at past data, from 2010 up until 2018, the index has ticked up rather than going down - fascinating you will say. "Since we do not trade or invest in the index", the study on NSE30 companies also show interesting analogy. Take a look at DangCem & UBA below:

-DangCem: Data available from 2011. In December the stock only ended in negative once!

-UBA: 2014 and 2015 were only bearish years December month was negative; in all others year its bullish all the way.

Almost most stocks on NSE carry similar sentiments in December. Checkout things by yourself and take advantage of the Season going through December - 02/12/2019!

PLAN YOUR TRADES AND TRADE YOUR PLANS

People are still investing in this Nigeria Scam stocks.

TLAX:
The kind of uppercuts and right hooks coming from Oracle and OGG today dey make me fear o. I withold all further comments till next month.

These gentlemen vex today no get equal. I thought bringing the view of a non-member for opinion of our more knowledgeable gurus here is part of seeking financial literacy.

WEEKEND TONIC

“when you see a hippopotamus pursuing a canoe in the river, it is not actually interested in the canoe, but what is inside the canoe. As soon as the person insight jumps into the water, that ends the pursuit"- Ijaw proverb

Mcy56:

Wehdon sir.

Let me come and be going, the kind of executive stones flying here fit cause ICU woundjuremt.

Tell OGG,If he wants to become an slowpoke in this forum,I will help him be.

I never quoted him in any of my posts and I never directed this fcmb result fever to him.

I am only saying my mind and only my mind.Till tomorrow,I will keep on saying fcmb released a disappointed result.

If they did well am I not supposed to defend the result as a shareholder?I can't because I can't be in love with any stock at the exchange nowadays.

If he addresses me stupidily again,I will give him a run and he will go into hiding for sometime.Let him just utter a word on me again...