NewStats: 3,265,068 , 8,185,530 topics. Date: Friday, 13 June 2025 at 10:55 AM 62b5h

moneymanager:


Sir, see all the adjectives you used
Comparatively, on the average, seemed, seem that bad.
With all due respect sir, if you will indulge me and not take my response as impertinent, this is a noncommittal tangentially misleading response.

Aight let’s look at loan losses of the FUGAZ for example.

Zenith loan losses

N401 billion in 2023
N594 billion in 2024
N36 billion in Q1 2025

GTCO

N102.8 Billion in 2023
N137 Billion in 2024
N13.4 Billion in Q1 2025

UBA

N154 Billion in 2023
N258.9 Billion in 2024
N11.1 Billion in Q1 2025

First HoldCo

N174.7 Billion in 2023
N371 Billion in 2024
N41.2 Billion in Q1 2025

Access Holdings

N84.4 Billion in 2023
N92.9 Billion in 2024
N70 Billion in Q1 2025

You see that Access Holdings are the only ones having it worse in 2025 compared to 2024 for instance with such a high Q1 data.

(It doesn’t seem any of the quarters in 2023 and 2024 were as low or close to the low of Q1 2025, if any were, present the data and I would it my methodology is flawed).

We do not know what the numbers for Q1 2023/2024 were for instance and this is why I said we would need data of Q2 as well to see where the trend would likely go.

I am not giving you definite predictions since we don’t have all the data yet, I am only looking at the low Q1 2025 numbers. You can counter me by showing that Q1 2023 and 2024 also had low numbers or that it could be as low in any of the quarters of those years and then spike in another quarter. All of these are possible, but I am only giving you a trend here (dealing with probabilities based on the data we have)

In other word, MTN , NESTLE. CADBURY, ECOBANK, and the rest of them that haven't been paying dividends are not sustainable?
@EDUECO,please be aware of the allure of dividends!!!!

EDUECO:
This written statement contain the bitter truth so many supposed 'investors' don't want to read or hear!

Any company whose shares you bought that cannot guarantee you at least 5% dividend yield which is guaranteed every year is not a sustainable company or business in the long run or future.

A company that pays good dividend every year is a well managed one; and such company has intrinsic value which is directly related or proportional to the company's future positive results.

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.

Food for thought for Tesla investors.

This feud or quarrel is staged to win back lost customers of Tesla cars !

Mankind2024:
In other word, MTN , NESTLE. CADBURY, ECOBANK, and the rest of them that haven't been paying dividends are not sustainable?
@EDUECO,please be aware of the allure of dividends!!!!

Even if they are sustainable; I tend to play the equity market business in the safest way possible,and so I only buy shares of companies with consistent good or excellent dividend payment.

Can a company fake the payment of good dividends consistently for like 10 years? The answer is no!

GeneralDae:

Aight let’s look at loan losses of the FUGAZ for example.

Zenith loan losses

N401 billion in 2023
N594 billion in 2024
N36 billion in Q1 2025

GTCO

N102.8 Billion in 2023
N137 Billion in 2024
N13.4 Billion in Q1 2025

UBA

N154 Billion in 2023
N258.9 Billion in 2024
N11.1 Billion in Q1 2025

First HoldCo

N174.7 Billion in 2023
N371 Billion in 2024
N41.2 Billion in Q1 2025

Access Holdings

N84.4 Billion in 2023
N92.9 Billion in 2024
N70 Billion in Q1 2025

You see that Access Holdings are the only ones having it worse in 2025 compared to 2024 for instance with such a high Q1 data.

(It doesn’t seem any of the quarters in 2023 and 2024 were as low or close to the low of Q1 2025, if any were, present the data and I would it my methodology is flawed).

We do not know what the numbers for Q1 2023/2024 were for instance and this is why I said we would need data of Q2 as well to see where the trend would likely go.

I am not giving you definite predictions since we don’t have all the data yet, I am only looking at the low Q1 2025 numbers. You can counter me by showing that Q1 2023 and 2024 also had low numbers or that it could be as low in any of the quarters of those years and then spike in another quarter. All of these are possible, but I am only giving you a trend here (dealing with probabilities based on the data we have)

Alright Chief

Mankind2024:
Yes, you beat me. I guess you're using Starlink. My internet service provider is MTN

I use MTN, brother, but I clicked 'submit' 60seconds before you,
to post on the same topic.

Conspiracy theory

EDUECO:


This feud or quarrel is staged to win back lost customers of Tesla cars !

Agbalowomeri:


Na CIBEX 2.0 go catch you last las

I successfully averaged up my holdings yesterday, snagging Tesla at its MTD low of $284. If I were in your shoes, I'd have likely sold at $303, the 24-hour high. Fortunately, my portfolio is looking healthy and predominantly green. My next goal is to the ranks of High Net Worth Individuals (HNWIs) before the tenure of No 47( DJT). I'm optimistic about reaching this milestone soon.

PuristForest:
Something interesting is happening for those looking for some budding opportunities in....articles are free
https://ewnation.com/apples-low-price-is-a-good-bet/
https://ewnation.com/are-teslas-beautiful-bulls-coming/

Streetinvestor2:
The business is not about emotions.If this is ur only shop .I advise you go get another shop before you become too personal to post

Emotions ke……are you kidding me? No please, your guy was just catching cruise
My Bros, no shaking because no matter what happens at the NGX, we will always SWAN!
NB: Methinks Aradel is a well managed company.

EDUECO:


This feud or quarrel is staged to win back lost customers of Tesla cars !

The theory makes sense as follows: deceive the Trump hating leftists across the West that Trump and Musk are now enemies so that they will stop burning and start buying Teslas. Such deranged fanatics.

megawealth01:


This is called MATURITY 😘

zendi:
The theory makes sense as follows: deceive the Trump hating leftists across the West that Trump and Musk are now enemies so that they will stop burning and start buying Teslas. Such deranged fanatics.

This is the intention of their staged feud.

Mpeace:
Q1 dividend. Tomorrow is public holiday. Payment was to be tomorrow.

That stock can pay dividend ehhh.

They will start gas production from their ANOH plant here in Imo state, by next month.
There has been alot of activities around the plant recently.

Massive plant

Seplat na dividend machine...
I don add NDIF to my portfolio....
I hope Aradel will also follow quarterly dividend soon

PharoahIII:


@zendi so what do you recommend to buy , what can give me 500% in 4 or 5 yrs

I do not recommend anything to you. But a certain gambler's instinct points me to the following if their various plans work:

Caverton

Tantalizer

Ellah

Some Loco stocks.


Note=

Most fast 100 percenters by the edge of the lagoon to the bus stop.

The higher the return, the higher the risk.

.

zendi:
The theory makes sense as follows: deceive the Trump hating leftists across the West that Trump and Musk are now enemies so that they will stop burning and start buying Teslas. Such deranged fanatics.

This is possible since he has only one term to do.
This are two street men and business men

PharoahIII:


@zendi so what do you recommend to buy , what can give me 500% in 4 or 5 yrs

You should consult your spiritual father who sees tomorrow

EDUECO:

Even if they are sustainable; I tend to play the equity market business in the safest way possible,and so I only buy shares of companies with consistent good or excellent dividend payment.

Can a company fake the payment of good dividends consistently for like 10 years? The answer is no!

The main response was to disproof your generalization of non-sustainability of businesses paying below 5% yield, like they will soon close-shop

Streetinvestor2:

You should consult your spiritual father who sees tomorrow

Because if I could see the future, I would be the one giving Elon Musk money for his daily bread.

Staged?

Tell them. I don't understand the reflexive hyper-antagonism to, and the need to counter every single word of, contrarian views. I love when people disagree with me with sound, practical analysis. Helps me check my blind spots well well.

I, too, own Oando, and no fair reading of their balance sheet and auditor's reports could see this company emerging from its mountain of debt anytime soon.

And I've started buying banks o, despite my early skepticism. But only those that have completed recapitalization and have a long runway.

Sunrisepebble:
Why would it be personal? I hold shares in the company—it’s part of my portfolio. This is a forum for open discussion, and when someone presents a contrary view, the goal is to engage so we can get closer to something resembling the truth. Earlier this year, I had a similar disagreement with @emmaodet about Vitafoam, I’ve had discusssions and disagreements about Wapco and the buyout price, @heisnme about buying Bank stocks after recapitalization.
If we can’t have honest, open conversations, what’s the point of the forum?

I’ve even added multiple disclaimers in my posts about Oando previously because somehow, it’s only when that company comes up that everyone gets strangely sensitive

EDUECO:


This feud or quarrel is staged to win back lost customers of Tesla cars !

This is NOT staged.

The budget is a disgrace and that spooked Musk

zendi:
The theory makes sense as follows: deceive the Trump hating leftists across the West that Trump and Musk are now enemies so that they will stop burning and start buying Teslas. Such deranged fanatics.

It's not gonna work because the reputational damage is permanent

What do you think Alhaji's surprise may be?



https://www.youtube.com/watch?v=80clmhWHDhA?si=AeBt4UvHArYxPPDl

Raider76:
What do you think Alhaji's surprise may be?



https://www.youtube.com/watch?v=80clmhWHDhA?si=AeBt4UvHArYxPPDl

From the video, he intends listing the fertiliser first.
He said the surprise will come next week and it will result in an overhaul of the downstream sector. And that the refinery will come on nse after the fertiliser. Hmmmm.
Make we just dey look sha

HesInMe:
Tell them. I don't understand the reflexive hyper-antagonism to, and the need to counter every single word of, contrarian views. I love when people disagree with me with sound, practical analysis. Helps me check my blind spots well well.

I, too, own Oando, and no fair reading of their balance sheet and auditor's reports could see this company emerging from its mountain of debt anytime soon.

And I've started buying banks o, despite my early skepticism. But only those that have completed recapitalization and have a long runway.

Your concerns may be valid but did you also consider some of the progress recorded so far?
Did you read the part that says Oando has successfully settled USD425m out of the USD525m loan that they obtained in 2019?
The bigget debt that Oando owes now are Reserve Based Loans (RBL) and Customer Financed Facility i.e. they have to sell crude oil to their creditor customer to finance and offset the facility.
Hence, a huge chunk of their loan liability will be offset by direct sale to the relevant counteroarty. What they need now is enough liquidity to finance working capital and routine operations. It was reported this week that they just got another USD375m RBL from Afreximbank, the same bank that financed the acquisition of ENI/AGIP assets.
A huge bank like Afreximbank would not just give out loans to a company if they do not see it as a viable business.
It is also mentioned in the AFS that the board has approved an extraordinary AGM so the company can consider how to address the debt situation in compliance with some sections of CAMA. The directors have Aldo indicated willingness to injectote funds etc.

KarlTom:
I know it will take a miracle but my target entry is circa ₦150...

Na wa ooo.
You fit wait tire ooo.
We dey watch sha

Mpeace:
From the video, he intends listing the fertiliser first.
He said the surprise will come next week and it will result in an overhaul of the downstream sector. And that the refinery will come on nse after the fertiliser. Hmmmm.
Make we just dey look sha

Yeah he can list the fertiliser and even the petrochemicals separately.

A

Mpeace:
From the video, he intends listing the fertiliser first.
He said the surprise will come next week and it will result in an overhaul of the downstream sector. And that the refinery will come on nse after the fertiliser. Hmmmm.
Make we just dey look sha

Alhaji no come play us game like we had in the cement. If you are coming to list make sure we see like 20% not you will come and drop 5% .Then everyone will be chasing it

On another news ASi to hit 120k go dey easier with this listing. We should be expecting fpi to nxg be dat.It will bring mad bull
Then look out for companies that will benefit from this moves direct/ndirectly too.

HesInMe:
Tell them. I don't understand the reflexive hyper-antagonism to, and the need to counter every single word of, contrarian views. I love when people disagree with me with sound, practical analysis. Helps me check my blind spots well well.

I, too, own Oando, and no fair reading of their balance sheet and auditor's reports could see this company emerging from its mountain of debt anytime soon.

And I've started buying banks o, despite my early skepticism. But only those that have completed recapitalization and have a long runway.

Some Nigerian banks that have completed or are making progress in the recapitalization exercise include
Banks that have met the new capital threshold:
Zenith Bank: Successfully met the new capital requirements.
Access Holdings: Completed recapitalization requirements.
Ecobank Nigeria: Met the new capital threshold.
Lotus Bank: Successfully met the new capital requirements.
Banks raising capital:
Fidelity Bank: Raised N127 billion as part of the recapitalization exercise, being the first to enter the market.
Wema Bank :Planning to raise N200 billion in fresh capital through a Rights Issue and Special Placement Exercise.
Other banks:
Stanbic IBTC: Still in the process of recapitalization.

The Central Bank of Nigeria (CBN) has set a deadline of March 31, 2026, for banks to meet the new capital requirements, which range from N50 billion to N500 billion depending on the type of license held by the bank. The recapitalization exercise aims to boost capital adequacy, increase market liquidity, and drive economic growth .