NewStats: 3,264,406 , 8,183,622 topics. Date: Tuesday, 10 June 2025 at 10:38 PM 1mi4v

yMcy56:

....and his wives can be jealous ehhnn
Happy married life in advance !
Wishing you God's all round mercy and success IJN.

Amen . Thank you so much 🫶

ositadima1:


Let me explain what I know, as the "oversabi" guy that I am. Similar to treasury bills, the discount rate represents the percentage of the face value (the amount you initially invested) that will be paid to you upfront. For example, if you invest ₦1,000 at a 20% discount rate, you will receive ₦200 upfront after confirmation at the start of the tenure. This effectively means that what you actually invested is ₦800, which will be utilized by the issuer until maturity. At the end of the tenure, you will be paid back the full face value of ₦1,000.

The implied annual yield, on the other hand, takes into the actual ₦800 you invested. It is calculated as ₦200 divided by ₦800, which reflects the return on the actual amount utilized. Note that the discount rate is calculated as ₦200 divided by ₦1,000.

Also, these values are annualized. For shorter tenures, the returns are prorated based on the actual length of the investment period.

I recall you did a similar explanation on the TBills thread for someone else.
Welldone.

@Sunrisepebble
Any further update on this please?

Sunrisepebble:
Hearing some gist in Wapco, not a positive one. Not a sell advice yet either, im still inside. Will confirm later

Good afternoon every, trust you all are doing fine. I am new on this thread and a novice to stock investments. This period/regime has made me look for ways that i can get extra income because the list of expenses keep on increasing. Kindly accept my humble self.

You win some and lose some.Sanu na your own pain me for this year.From #1.20 in just few months to #6 plus.

yMcy56:
E ku market o. 😊




** There's one stock especially for long termers with good financial prints, just silent for now....
Aj8 already mentioned it sometimes ago, not too long.......it may deliver 50% or more in gain once they're ready for it. DD advised. 😊
...

I he mentioned Custodian, Prestige and not too long ago Betaglass

ositadima1:


Series 6: A 180-day tenor with a discount rate of 24.99% and an implied annual yield of 28.50%, maturing on June 11, 2025.
Series 7: A 270-day tenor with a discount rate of 24.55% and an implied annual yield of 30.00%, maturing on September 9, 2025.

I believe it is always presented as an annualized rate; it think it is the standard practice.

OK thanks. That means thr is no difference in its calculation and that of TB.It is only changed of name to the instrument and risk associated

Still yet to confirm full details from the source. Source of initial gist however is saying he hasn't heard any contrary news, everything as expected

KarlTom:
@Sunrisepebble
Any further update on this please?

Health3:
See Tantalizer

This one pain me because I sold too early

Sold yesterday with 60% ROI. No regrets we move.

Ginalex:
15 days to go o... I pray make none of him wives attack me for road abeg

You are safe baby. We gat you

Thank you

Sunrisepebble:
Still yet to confirm full details from the source. Source of initial gist however is saying he hasn't heard any contrary news, everything as expected

Just because wapco pull back few days ago people analysis were rubbished baselessly as if pull back is not a normal thing in a stock business.

Indeed, stock market is a place where wealth exchange hands.

Everyone got a plan until they get punched In the face..you must know what you are doing in this market by fire by force.


Game is game.

at 1600/$ = 254bn Naira

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million)
https://techfinancials.co.za/2024/12/12/bidvest-to-sell-bidvest-bank-to-nigerias-access-bank-for-r2-8-billion/

jideflash:
at 1600/$ = 254bn Naira

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million)
https://techfinancials.co.za/2024/12/12/bidvest-to-sell-bidvest-bank-to-nigerias-access-bank-for-r2-8-billion/

If access has all this fund to be buying. Why then did it come to market to dilute its shares via capitalization

jideflash:
at 1600/$ = 254bn Naira

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million)
https://techfinancials.co.za/2024/12/12/bidvest-to-sell-bidvest-bank-to-nigerias-access-bank-for-r2-8-billion/

We are intentionally intentional. Mr Time will do the needful to investors

Agbalowomeri:


You are safe baby. We gat you

Agba badt guy

Raider76:
Who will buy @28 when the RI is @25, a more than 10% difference? The extension of the RI period to 30th December may also be discouraging people.

How can the extension be discouraging people?
I think the extension can only help to increase participation and not discourage anyone who wanted to subscribe as the change of date was only know a day to the original closing date. And the N25 RI price looks fairly attractive once comapred to many other banks.

jideflash:
at 1600/$ = 254bn Naira

Access Bank Plc has offered to acquire Bidvest Bank Holdings Ltd. for about 2.8 billion rand ($159 million)
https://techfinancials.co.za/2024/12/12/bidvest-to-sell-bidvest-bank-to-nigerias-access-bank-for-r2-8-billion/

All this is tailored not to pay us good dividend the next financial year. well, we would continue to be patient after all, they are still the cheapest in FUGAZ. We are still there.

jonnysessy:



All this is tailored not to pay us good dividend the next financial year. well, we would continue to be patient after all, they are still the cheapest in FUGAZ. We are still there.

Dangote Refinery Exports First PMS Shipment To Cameron

https://nairametrics.com/2024/12/12/dangote-refinery-exports-first-pms-shipment-to-cameroon/

Streetinvestor2:
If access has all this fund to be buying. Why then did it come to market to dilute its shares via capitalization

You should know that the FG forced them.

NSEstudent:


You should know that the FG forced them.

How .what stopped them from showing they had the capital. The cbn only said you cannot use forex gain and retained earnings for that.Is it from this two category of fund they have been using for all this purchases

Help us see what you're seeing. Here's Dangcem's recent progression of EBITDA margins:

FY23: 40.1%, down from 43.8% prior year
1Q: 37.9%, down from 45.7% prior year period
1H: 37.9%, down from 46.6% prior year period
9M: 35.5%, down from 43.8% prior year period

And here's how net debt has evolved:

FY23: N521.3B (gearing: 30.2%)
1Q: N558.8B (gearing: 24.7%)
1H: N915.7B (gearing: 42.3%
9M: N1,050.5B (gearing: 48.6%)

So margins are shrinking and debt is rising. How are you seeing both (I assume) a near-term dividend increase and multiple expansion?

ositadima1:
Dangcem may reach 915 by next year or early 2026, particularly when they increase their dividend to about 35 naira. It is a strong contender for a 100% return. This projection is purely based on technical valuation; I will conduct the FA later to see if both align. Feel free to challenge me (shoot me down) if this prediction fails, but if it does come true, it was me—the "oversabi" guy—who first brought it to your attention.

HesInMe:
Help us see what you're seeing. Here's Dangcem's recent progression of EBITDA margins:

FY23: 40.1%, down from 43.8% prior year
1Q: 37.9%, down from 45.7% prior year period
1H: 37.9%, down from 46.6% prior year period
9M: 35.5%, down from 43.8% prior year period

And here's how net debt has evolved:

FY23: N521.3B (gearing: 30.2%)
1Q: N558.8B (gearing: 24.7%)
1H: N915.7B (gearing: 42.3%
9M: N1,050.5B (gearing: 48.6%)

So margins are shrinking and debt is rising. How are you seeing both (I assume) a near-term dividend increase and multiple expansion?

I will likely respond to you tomorrow evening when I have the time to review the FA, as I mentioned in the post you quoted. My TA indicates that 900 is possible, and that is all I know for now.

Good stuff. Crystal clear for a concept that is confusing, even for people working in finance. I bow.

ositadima1:


Let me explain what I know, as the "oversabi" guy that I am. Similar to treasury bills, the discount rate represents the percentage of the face value (the amount you initially invested) that will be paid to you upfront. For example, if you invest ₦1,000 at a 20% discount rate, you will receive ₦200 upfront after confirmation at the start of the tenure. This effectively means that what you actually invested is ₦800, which will be utilized by the issuer until maturity. At the end of the tenure, you will be paid back the full face value of ₦1,000.

The implied annual yield, on the other hand, takes into the actual ₦800 you invested. It is calculated as ₦200 divided by ₦800, which reflects the return on the actual amount utilized. Note that the discount rate is calculated as ₦200 divided by ₦1,000.

Also, these values are annualized. For shorter tenures, the returns are prorated based on the actual length of the investment period.

Refined oil is a global commodity. If one doesn't buy it, another will. You can't wish away a 650,000 bpd refinery.

megawealth01:
Dangote Refinery Exports First PMS Shipment To Cameron

https://nairametrics.com/2024/12/12/dangote-refinery-exports-first-pms-shipment-to-cameroon/

Raider76:
Refined oil is a global commodity. If one doesn't buy it, another will. You can't wish away a 650,000 bpd refinery.

I'm even waiting for them to come to NGX

President Tinubu To Present ₦‎47.9trn 2025 Budget To National Assembly Dec 17

https://www.thecable.ng/just-in-tinubu-to-present-n47-9trn-2025-budget-to-nassembly-dec-17/

megawealth01:
Dangote Refinery Exports First PMS Shipment To Cameron

https://nairametrics.com/2024/12/12/dangote-refinery-exports-first-pms-shipment-to-cameroon/

David ?

Na typo

SonofElElyonRet:


David ?

handsomebolanle:



What’s the name of the stock ?

Me too. But you know Alhaji is a very calculating biz man. He will list only when all things fall in place. Not sure NGX can be source of significant amount of capital for him though.

megawealth01:


I'm even waiting for them to come to NGX