NewStats: 3,264,440 , 8,183,721 topics. Date: Wednesday, 11 June 2025 at 06:09 AM 702c2

skydiver01:
Meanwhile to change the subject from exchange rates and FPIs, the coupon payments for FGN bond 2026 & 2034 were paid/received on time Happy Days

Awesome.

But holding 2034
To hold one year sef is hard for me o. I just always feel an opportunity may just show up, not to mention the currency risk.

skydiver01:
Meanwhile to change the subject from exchange rates and FPIs, the coupon payments for FGN bond 2026 & 2034 were paid/received on time Happy Days

Hello bro

which bank did you get to do this government bond with? And what is the minimum money they can take to help you bid for government bond?

skydiver01:
Meanwhile to change the subject from exchange rates and FPIs, the coupon payments for FGN bond 2026 & 2034 were paid/received on time Happy Days

With rate spinning around 21% how do you feel about these bonds as you must have gotten then around 11-13%

Streetinvestor2:
You I know.dollar gang.How much have you made in your investment this year in dollar hold. I am on 100% plus and still counting in oando stock investment. Say you percentage and let see who is a smart investors.The guys on TB here with reinvestment of interest is doing better now.
I came to this thread to catch cruise with dollar gang.My TB primary market was successful and upfront interest is going into MM.Buying dollars to hold is blind man idea of making money. It works for politicians who didn't real buy it instead stole it so he has little or no cost.Buying dollars to keep in your house is far different in investing in dollar instruments with interest yeild don't mistake the two.

I don't have dollar in cash or investment anywhere, but I won't sit anywhere to discourage people who want to hold the dollar. I've lived in Nigeria for too long to bet in favour of Nigeria or the Naira.

With the recent increment in Nigeria's minimum wage, you will be wasting your time to assume the dollar will exchange for a thousand naira or less. The little gain from oil whatever will be used to offset salary and budgetary demands. The remainder will be stolen by your political kleptomaniacs.

Acidosis:


I don't have dollar in cash or investment anywhere, but I won't sit anywhere to discourage people who want to hold the dollar. I've lived in Nigeria for too long to bet in favour of Nigeria or the Naira.

With the recent increment in Nigeria's minimum wage, you will be wasting your time to assume the dollar will exchange for a thousand naira or less. The little gain from oil whatever will be used to offset salary and budgetary demands. The remainder will be stolen by your political kleptomaniacs.

I agree with you. We should do whatever we have capacity for to help the country though, whether it's praying or starting a farm, earning FX with your skills or building business with exports potentials.

Cos at the end of the day, for every politician that messes up, over 1000 citizens suffer. The politicians themselves hardly face any consequences.

Understood. I have been holding these bonds for years now and plan to hold till maturity. The currency risk is quite inconsequential for my needs. Besides, who is to say post/from 2027 the Naira will not appreciate... Anyway, that is irrelevant to me btw I also have 2036 bonds which will pay its next coupon in September

awesomeJ:

Awesome.

But holding 2034
To hold one year sef is hard for me o. I just always feel an opportunity may just show up, not to mention the currency risk.

You are right. 13% to be precise. I feel great about them. In addition, I have recently bought more bonds (2034) at 19% yield. So its all good

Nakedman:


With rate spinning around 21% how do you feel about these bonds as you must have gotten then around 11-13%

skydiver01:
You are right. 13% to be precise. I feel great about them. In addition, I have recently bought more bonds (2034) at 19% yield. So its all good

All good.

skydiver01:
You are right. 13% to be precise. I feel great about them. In addition, I have recently bought more bonds (2034) at 19% yield. So its all good

Why do you like bonds this much na.

Just a suggestion o, I think you should rebalance your portfolio. Add some stocks.

You seem to be a long term person, why not add some good dividend paying stocks that would do like 8% in dividends and may still do up to 2000% in capital gains over the lifetime of those bonds.

SEPLAT trades for around $2.4 but pays $0.03 every quarter. That's 5% annualized.

But check the prices on July 25th 2023 vs July 26th 2024, The capital gains is about 134%.

Over the past 5 years, the only bellwether on NGX that's losing is NESTLE. It was overpriced to begin with though.

I understand you have your reasons and and I'm not suggesting they aren't awesome. I just feel you should be getting more returns
. It's sort of paining me 😁😁.

Just maybe consider pushing 20% of your bond portfolio to other asset classes with capital gains potentials sha: stocks, euro bonds, gold etc.

Except of course these asset classes already have a significant weighting in your overall portfolio.

Again, you don't have to take this seriously, it may be someone else who finds it useful, now or later.

look at 2019 numbers: (July 25, 2019)

I have addressed this in the past. I have a balanced portfolio. My bonds are about 10% of my portfolio. The rest are FX dividend paying shares that also provide capital gains. An example is shown below of an FX dividend I received in May this year.

awesomeJ:


Why do you like bonds this much na.

Just a suggestion o, I think you should rebalance your portfolio. Add some stocks.

You seem to be a long term person, why not add some good dividend paying stocks that would do like 8% in dividends and may still do up to 2000% in capital gains over the lifetime of those bonds.

SEPLAT trades for around $2.4 but pays $0.03 every quarter. That's 5% annualized.

But check the prices on July 25th 2023 vs July 26th 2024, The capital gains is about 134%.

Over the past 5 years, the only bellwether on NGX that's losing is NESTLE. It was overpriced to begin with though.

I understand you have your reasons and and I'm not suggesting they aren't awesome. I just feel you should be getting more returns
. It's sort of paining me 😁😁.

Just maybe consider pushing 20% of your bond portfolio to other asset classes with capital gains potentials sha: stocks, euro bonds, gold etc.

Except of course these asset classes already have a significant weighting in your overall portfolio.

Again, you don't have to take this seriously, it may be someone else who finds it useful, now or later.

skydiver01:
I have addressed this in the past. I have a balanced portfolio. My bonds are about 10% of my portfolio. The rest are FX dividend paying shares that also provide capital gains. An example is shown below of an FX dividend I received in May this year.

Makes sense.
Makes much sense.

Sorry I missed your earlier post on the subject.
At 10% bonds weighting, your portfolio is even way better than I would have suggested.

Chikebrain:

I also bidded with my zenith corporate and the charges were alarming. WHT was 10% of interest with their own bidding fees.
Next I bidded with gtb and they didn't charge WHT on interest but on charges and total charges including WHT wasn't up to 30k.

I dont know if it's because it was a corporate that's why they charged so much but one thing I'm sure of is that I'd never bid with zenith again. Their total charges are to the roof

I don't get understand the bolded part. Are you saying the there was WHT, but not on the interest?

Am asking because I use GT as well and there hasn't been any WHT on my TB investments so far.

freeman67:



It's been a while I did any reasonable TB. The last one I did was through my bank app in the secondary market. The charges came unilaterally with no breakdown and the investment amount and charges were not much so I didn't stress my self to request for the breakdown.


Regarding your friends situation, the 79k seems to be 10% tax (WHT) on the interest of the TB. It still seems many people are yet to be aware that the exemption of WHT earlier enjoyed by TB's and 's subscribers have expired. However, it doesn't seem to be reflecting in all banks charges. It seems some banks are deducting WHT while others are not (I stand to be corrected on this). I don't know why they should be difference in that aspect. It should be general. I only got to know this when some I subscribed was about to mature last year and they sent me forms to fill for deduction.

@bolded, evidently. From my experience, GT does not deduct WHT (or yet to commence)

I've seen letter from FIRs, and its pretty clear. OR Is it possible a bank that size will be unaware?

I'm just hoping they will not begin retrospective deductions. . .

awesomeJ:


Why do you like bonds this much na.

Just a suggestion o, I think you should rebalance your portfolio. Add some stocks.

You seem to be a long term person, why not add some good dividend paying stocks that would do like 8% in dividends and may still do up to 2000% in capital gains over the lifetime of those bonds.

SEPLAT trades for around $2.4 but pays $0.03 every quarter. That's 5% annualized.

But check the prices on July 25th 2023 vs July 26th 2024, The capital gains is about 134%.

Over the past 5 years, the only bellwether on NGX that's losing is NESTLE. It was overpriced to begin with though.

I understand you have your reasons and and I'm not suggesting they aren't awesome. I just feel you should be getting more returns
. It's sort of paining me 😁😁.

Just maybe consider pushing 20% of your bond portfolio to other asset classes with capital gains potentials sha: stocks, euro bonds, gold etc.

Except of course these asset classes already have a significant weighting in your overall portfolio.

Again, you don't have to take this seriously, it may be someone else who finds it useful, now or later.

On the bolded, I happen to be in this category, most of my investments are in Bond and MMF - I also love to play long term.
I recently opted out of EuroBond and converted to Naira having done x5. Looking for a good stock to enter now and wait for about 10yrs. Can I buy Seplat at the current rate? I also checked and noticed it's priced in NGN - how are they paying dividends in USD.
Much appreciated if you can reply

DigitalMallam:

On the bolded, I happen to be in this category, most of my investments are in Bond and MMF - I also love to play long term.
I recently opted out of EuroBond and converted to Naira having done x5. Looking for a good stock to enter now and wait for about 10yrs. Can I buy Seplat at the current rate? I also checked and noticed it's priced in NGN - how are they paying dividends in USD.
Much appreciated if you can reply

SEPLAT is dual listed on NGX and LSE, plus they sell oil in USD. That's why they pay in USD, but if you buy on the NGX, you'll only get the naira equivalent of the USD 0.03 every quarter.

I would say it's easier to make 10x on ACCESS than to make same on SEPLAT, the former trades at 0.25 book, while the latter trades near it's books value.(4x cheaper)

Access would also give about 10% dividend yield compared to SEPLAT's 5% (2x better).

Also, this year, Access has lost 20% YTD (buying opportunity) while SEPLAT is up 60% (maybe late entry)

However I don't hold stocks long term.

You can seek opinions from experts like @emmanuelewumi, Mpeace, streetinvestor2, skydiver01, and others whose monikers I might have left out.


If I had 100m to build a 5 year basket, here's how I would allocate it:

ACCESSCORP: 20% (it's undervalued)
SEPLAT: 15% (good FX hedge)
GTCO: 10% (enjoys pricing)
MTNN: 15% (mammoth, currently underpriced cos of fx issues)
NESTLE: 10 (glory days may come back)
Others: 30% on midcaps.

Of course, the 100m stock basket would only be 30% or less of my investment portfolio.

Other components would be:
Commercial real estate;
Bitcoin(in case Trump wins 😁😁);
Gold;
FCY cash;
FCY securities (debt and equity);

awesomeJ:


If I had 100m to build a 5 year basket, here's how I would allocate it:

Does any Nigerian broker offer a ive ETF of NSE 30 or different sectors of the share market?

jedisco:


Does any Nigerian broker offer a ive ETF of NSE 30 or different sectors of the share market?

Here

jedisco:


Does any Nigerian broker offer a ive ETF of NSE 30 or different sectors of the share market?

I'm not sure, but you can try StanbicIBTC stockbrokers or Meristem.


Those guys also have their own ETF products whose underlying assets I'm not aware of. I just trade their wild swings 😁😁


Considering NSE30 is an amazing idea.
It has done over 150% in the past two years.

chimex38:

Here

Ohh... I didn't even know you already answered.

Thanks.

Please when is the next primary auction date?? Please o

tabithababy:
Please when is the next primary auction date?? Please o

You still not able to subscribe with Stanbic IBTC?

Anyway, should be in next week Tuesday (2 weeks) going by what OGs says regarding that

squad1:
Hello. TB guru in the house. I advised a friend to invest in TB. After so much persuasion, she invested N20,000,000 for 3 months @ 16.3%. When I did the calculation for her, I told her to expect interest of about N811k.

She just called me now that's she got 794k then they deducted like 79k for tax and 20k because it is a corporate and other charges reducing it to like 690k. Please, how come? She did it with Zenith bank. Is it because she used a corporate acct?

I need an explanation.

how on earth will u be using zenith bank for tb.that charges is even small

skydiver01:
Meanwhile to change the subject from exchange rates and FPIs, the coupon payments for FGN bond 2026 & 2034 were paid/received on time Happy Days

Please are you comfortable with SCB 2% commission (secondary market). I think it is high. Please does anyone know of a bank with commission lower than that for bond purchase. Thank you

Good morning. Don't worry about missing my earlier post on the subject. Like Warren Buffet says "invest for the long term, keep a diversified portfolio and compound along the way"

awesomeJ:


Makes sense.
Makes much sense.

Sorry I missed your earlier post on the subject.
At 10% bonds weighting, your portfolio is even way better than I would have suggested.

Wednesday 7 August, 2024

tabithababy:
Please when is the next primary auction date?? Please o

Yes

joboy834:


Please are you comfortable with SCB 2% commission (secondary market). I think it is high. Please does anyone know of a bank with commission lower than that for bond purchase. Thank you

awesomeJ:


I'm not sure, but you can try StanbicIBTC stockbrokers or Meristem.


Those guys also have their own ETF products whose underlying assets I'm not aware of. I just trade their wild swings 😁😁


Considering NSE30 is an amazing idea.
It has done over 150% in the past two years.

Thanks. Gave thought to it as individually choosing stocks is quite risky and hardly beats the underlying market longterm. NSE 30 seems to have outperformed the ASI of late. But the fees from fund managers are quite exorbitant especially for a ive fund.
With stanbic, the management fee is 0.5% and the expense ratio of 2.7%. Such fees would see one give over 20% of potential gains back to the fund manager if held for a good period.

This video on Nigeria Treasury Bills is a must watch for beginners.
https://www.youtube.com/watch?v=VfUYaVdbfiw

jedisco:


Thanks. Gave thought to it as individually choosing stocks is quite risky and hardly beats the underlying market longterm. NSE 30 seems to have outperformed the ASI of late. But the fees from fund managers are quite exorbitant especially for a ive fund.
With stanbic, the management fee is 0.5% and the expense ratio of 2.7%. Such fees would see one give over 20% of potential gains back to the fund manager if held for a good period.

if fee is "exhorbitant" and you are interested in tracking index fund / ETF portfolio, One hack will be to copy & paste the top 10 stocks in the portfolio you are interested per weighted average to your stock brokerage .

Downside: it's not ive anymore, considering you will have to manually downsize or upgrade your position relative to the holdings you are tracking when they adjust every quarter or yearly as the fund manager deem fit.

jedisco:


Thanks. Gave thought to it as individually choosing stocks is quite risky and hardly beats the underlying market longterm. NSE 30 seems to have outperformed the ASI of late. But the fees from fund managers are quite exorbitant especially for a ive fund.
With stanbic, the management fee is 0.5% and the expense ratio of 2.7%. Such fees would see one give over 20% of potential gains back to the fund manager if held for a good period.

I think you can conveniently mimick NSE30 with N1m.

I mean you can just find out the 30 stocks that make up the basket, and their weighting, then replicate it in your custom NSE30 portfolio.

Instead of people buying Armani suits off your earnings 😁😁😁