Dangote has applied to list the Dangote petrochemicals.
“Speaking on the impact of Dangote Petrochemicals’ listing, Kwairanga highlighted NGX’s commitment to facilitating growth and investment in Nigeria’s financial markets”.
“Dangote Refinery has already applied for their petrochemical listing, and we are working to ensure their inclusion before the end of the second quarter,” Kwairanga stated.
zendi:
Both Musk and Trump have disgraced themselves, to avoid using more negative words.
And I am pro-MAGA by sentiments.
They both quickly went public with their break up and feuding, like two Kings dancing naked in the street, comforting and entertaining their enemies.
They could learn from the the English Monarchy, that remained aloof and taciturn in the face of all provocations from Prince Harry.
And this split is final. The bridge is burnt. Musk has called for Trump's impeachment, an act viewed by an incumbent as the peaceful form of a coup attempt. It will not be forgiven by vindictive Trump, let alone forgotten.
Mankind2024:
The recent spat between DJT, the 47th President of the US, and Elon Musk, the world's richest individual, reminds me of Afrikan China's iconic lyrics: 'In this life, your worst enemy can be your best friend, you never can tell...'. This phrase resonates in the context of their public feud, which has negatively impacted the NASDAQ and S&P 500. As a self-investor, I'm curious to know what lessons others can glean from this social media war. For me, one key takeaway is that the equity market can be unpredictable and reactive, much like human behavior. What are your thoughts on the valuable lessons we can learn from this feud?
Someone once asked me why I don't respond to many messages on social media. Here is my response "20m Nigerians are battling with mental health issues" (World Health Organization). Most people come online with the intention to be viole*t without civility so what I do is simply to ignore them. I consider those civil in their responses MATURED
Let me also chip in a few words. Early investors especially employees from Shell, ExxonMobil, Total Upstream, banks and many Investment or Asset Management Companies purchased Niger Delta Exploration Production PLC (now Aradel PLC) when its price was around NGN150 to NGN200 per unit. A lot of them sold on the floor of the NASD when the shares were split and listed on that platform.
What I have noticed is that the mega guys do not sell their shares, they mostly do cross deal to their SPVs, etc. As a matter of fact, they use such opportunities to purchase more shares not only because of capital appreciation but use those shares and dividends that accrue from them as collateral to collect flexible loans and mortgages at significantly discounted rates which reduces the amount of income tax they have to pay to the government (you don't pay taxes on loans).
If you check their personal income statements, most of their taxes are recorded based on VAT and transactions they do in the financial markets to which they sometimes get rebates on especially those ones linked to FGN bonds and Treasury Bills.
That is why many C Suite executives in top companies listed on the NGX receive the larger chunk of their remuneration through bonus shares of companies they work in. It could also apply to other employees at lower levels when such employees have met the vesting period of such organisations.
It is similar to what Oga Emma encourages us to do which he shares on this platform whenever he talks about taking loans using shares as collateral. One of the differences is that these guys get theirs at significantly discounted rates.
When you hear someone like Karl Toriola collecting over NGN400 Million as annual remuneration, you should note that a significant amount of that remuneration is given to him through shares in MTN (local and international) shares.
In addition to this, as long as companies continue to pay dividends, they will be within the investing zone captured by most non banking financial institutions such as open and closed pension fund s, insurance and asset management companies thereby creating investment outlets for some of these companies.
Na average Joe dey quick buy amd sell shares to meet personal needs. The wealthy dey use shares to collect loans or mortgages to reduce the taxes they pay to government. When those share prices increase significantly, they use the equity release option to get more cash in their hands to enable them reduce their obligations or increase their loans.
222Martins:
This is my 2cents about Oando from a spectator's perspective. I don't have a single unit of Oando.
1. Is there an ongoing concern about Oando? YES!!
2. Was there some kind of financial engineering and window dressing in the Financial Statement of Oando? YES!!
3. Will people make money or lose money from the upward and downward swing of Oando regardless of the FS?? YES!!
4. Will Oando fail, declare bankruptcy or delist? NO!!
5. Will Oando come out of their financial mess? YES!!
6. Will Oando become bigger, and priced higher in the future? YES!!
All it takes for number 5 and 6 to happen is for Tinubu to complete his 8-year tenure, during which Oando will keep being lucky by finding sweet deals such as Acquisitions, JVs, Cheap Financing, Contracts, waivers, concessions, etc.
Your bonus issue has not been credited. When they do, the percentage will change. Currently price is reflecting your holding at the current price which shows a loss because you bought at a price higher than current mkt price. Calculate the bonus you're to receive and add to current price to see if you break even.
Thanks
My MERITRADE APP is all green except for mainly that VFD and my eyes is fixed on it for some reasons
PharoahIII:
Hello house pls I need some advice, I'm new to this stock thing. So firstly what broker do you recommend I hook up with. Any suggestions on what stock to buy, I need stocks that will increase by at least fivefold in the next 4-5 years. Do you think Bua cement can multiply 5 folds in the next 5years? I can invest up to 10mil
As for the broker to use we have good brokers well represented here. I use three brokers but love the services of MERISTEM
StockMarket isn't predictable as regards profits but you will do better to equip yourself with the needed knowledge and skills for this game. You can start by reading from page one of this forum to date.
zendi:
Those who panic-sell Oando have themselves to blame. When the spirit comes over her, Oando uses bouthing as energy for her bull.
Oando's problems are real, but then why do you think it's selling at this price.
My main fear is the crash of crude oil price, but oil is insanely fickle and can change direction in a twinkle of an eye. Just wait until Israel bombs Iran and oil jumps to 500$.
Not praying for war, but a nation must defend it's existence against forces that maintain the ideology that it should not exist, and should be wiped out.
Today, let me recline and enjoy the spectacle as Oando Gbos-Gbaas collides with Ellah's in this house, with all the senior analyst actors on duty
Enjoying some entertainment on top of money making does not hurt at all, but only contributes to making this place addictive.
They must have made some to panic sell...
In fact, they don make one big oga here sell in panic due to their paralysis..
How can you be quick to point out Auditors report on last page and neglect the Profit made in 2nd or third page?
Why aren't they fair in their judgement by pointing out both sides?
Going thru the press release, though I never read all, Wale is optimistic that from 2025 we'll be seeing much more improvement....
What if the auditors are playing script with those reports?
Nestle, MTNN were also in massive losses but came out of it unexpectedly..... Is it just less than a year of stability in FX that made all to disappear like that?
It's a pity that some persons allow talks here affect them. Life is primarily knowing that emotions come and go. Some comments here are just laughable which shouldn't affect your portfolio
Is simply because I'm suspecting the exchanges wants to Clear the longs by some flushing, and reverse to ATH, but the institutions keep buying, Blackrock, and Saylor.
Thanks bro. Do you suggest I close all my long positions?
If you are able to pick HONEYWELL at 18+ or lower, you can as well mop up every available unit on the floor. Keep for long term...
This should be my last insight into HONEYWELL... If you didn't get in when I first called it out at sub 4
For NB don't sell your gold yet. I told you to enter it with patient funds. Those who bought at my call on sub 30. Take it as investment if you so love what the future holds. As for ethical investors make una no vex as the last time a lot really bashed NB because of their faith
This is your CHANCE to make fortunes. Don't miss it
megawealth01: 5:49pm On Jun 07
