NewStats: 3,261,028 , 8,172,938 topics. Date: Wednesday, 28 May 2025 at 05:44 AM 4z5r8

debeey87:


Without considering naira devaluation and inflation, people that bought UBA prior to 2020 are practically making free money from current dividend.

2022-2023 here, UBA was trading between ₦7 and ₦8! The likes of agba and some others said the earnings were audio earnings and discouraged people from buying.

Ades1:



2022-2023 here, UBA was trading between ₦7 and ₦8! The likes of agba and some others said the earnings were audio earnings and discouraged people from buying.

And he's still firing on all cylinders in the discouragement ministry without any signs of letting up. Very legendary pessimist

Ades1:



2022-2023 here, UBA was trading between ₦7 and ₦8! The likes of agba and some others said the earnings were audio earnings and discouraged people from buying.

I just checked even with my averaging up.my BE is still #12.90.

zendi:
20 Japanese refineries import all their crude oil in the petro-currency, dollars.
Japan has no crude oil.
But they sell refined products to the domestic market in the local currency. They must also be exporting, but I assume that all operations are done at profit to the refineries..

Nigeria's private refineries should pay for every drop of our crude oil in the petro currency, dollars.
To do otherwise would deplete our external reserves and subsidize the export trade of private entities.
It will also be subsidizing, unfortunately, both land and sea smuggling of cheap refined products out of the country.

Nigerian refineries will operate even more profitably than their Japanese counterparts because "importing" crude oil from home will eliminate freight (shipping) and Maritime insurance costs from the landing cost, than would be the case if importing crude from abroad.
The same advantage for Petroleum marketers, than if importing products from abroad.

Summary, private refineries should procure crude oil from wherever found, or pay for our own at the international price and currency, then sell products to domestic offtakers at whatever conversion rate that makes them profit, but not in foreign currency.

Competition should checkmate monopoly and excessive price hiking.

I'm just an ordinary citizen observing the Oligarch and the Cabal at each other's throats for control of the nation's petroleum fortunes.

Why base your argument on Japan that does not have crude oil?
Very funny analogy.
Why not of OPEC?. Do Saudi Arabia, Libya, Iran, Venezuela etc sell crude to their local refineries in dollars ?

Again, Japan is not as import dependent as Nigeria, hence the Yen currency has relatively stable exchange rate against the dollar. So buying crude in dollars may not distort or dedtabilize the Japanese economy so much. Do you know the trade balance of Japan? Japan is heavy on exports.

Nigeria is different; a struggling developing country with industries struggling for energy . It has very huge import dependence which works to weaken the local currency. Therefore buying crude in dollars in Nigeria would automatically create inflationary pressure in the economy because the dollar is always rising against the naira. It would also encourage round tripping and manipulation in the dollar FX market.
One good way to make your economy strong and insulate it from uncertainties and fluctuations in the global market economy is to create value locally and ensure trade in the local economy is conducted in local currency. That is why all countries trade in their local currency in the local economy . Same reason Russia insisted that Europe must pay for it's oil and gas in the Russian currency in order to protect and insulate the Russian economy from the Western banking system which can me manipulated to frustrate or work against any country.
Trading local crude oil in dollars in Ngeria will be a straight forward way to further destroy the Nigerian economy.
Economic and national development is more about creating/adding value locally and insulating your economy ftom external shocks, more than just receiving dollars which encourages rent seeking in the long run.

delvzy:
What do you guys think of this portfolio? 🤔
ARADEL
SFSREIT
NIDF
DANGOTE CEMENT
BUA FOODS
TRANSCORP
PRESCO
NGX GROUP
VFD GROUP
FIDELITY

The El Galaticos of NSE!!! Clearly a portfolio for "sinking funds" inorder to achieve tangible returns and aid cross pollination activities. 😁

debeey87:


Without considering naira devaluation and inflation, people that bought UBA prior to 2020 are practically making free money from current dividend.

💯

Hello! to the Ogas and Madams in the house. Good evening...

Does anyone have info on due date or release of Presco's AFS, BM or AGM?
Basically any new corporate action info from the company. There hasn't been any update since the release of the uAFS several weeks back.
Thanks.

There is no new info on the investor relations on the company website and certainly nothing on NGX website too.

elpaso007:
Hello! to the Ogas and Madams in the house. Good evening...

Does anyone have info on due date or release of Presco's AFS, BM or AGM?
Basically any new corporate action info from the company. There hasn't been any update since the release of the uAFS several weeks back.
Thanks.

USA2019:
Hello Everyone, I just have a quick question. Has GTCO (DataMax) credited the approved public offer shares to anyone's CSCS ? I got the e-allotment advice from DataMax Registrars, but the shares have not yet been deposited into my CSCS. Anyone else in that situation?

For those yet to get their GTCO shares from the last offer, click on the link below to complete the cscs update form provided by the registrars of the company as part of the solution to the issue.

https://www.cognitoforms.com/DataMaxGroup1/CSCSDETAILSUPDATEFORM2

elpaso007:
Hello! to the Ogas and Madams in the house. Good evening...

Does anyone have info on due date or release of Presco's AFS, BM or AGM?
Basically any new corporate action info from the company. There hasn't been any update since the release of the uAFS several weeks back.
Thanks.

The Board Meeting is on 28th March 2025.

Presco PIc
25 March 2025
NOTICE OF BOARD MEETING
This is to notify Nigerian Exchange Limited (NGX or The Exchange)and the investing public
pursuant to NGX's Rules that a Board Meeting of Presco Plc (the Company)has been
scheduled to hold on 28 March 2025 to consider and approve the Company's Full Year
Audited Financial Statements for the year ended 31 December 2024.
Accordingly,a closed period to prevent all Insiders from trading in the shares of the
Company has been in force from Wednesday,1st January 2025.The closed period will be
lifted twenty-four (24)hours after the Audited Financial Statements for the year ended 31
December 2024 are submitted to The Exchange and the public following the board meeting.
All Insiders of Presco Plc are prohibited from buying or selling the shares of Presco during
the closed period.
By order of the Board
Abdulai.Taiwo &Co
CNuYV
]
Company ccretaries
ALAYO OGUNBIYI
FRC/2024/PRO/NBA/002/227280
for:ABDULAI,TAIWO &CO.COMPANY SECRETARIES
Lagos,Nigeria
PRESCO PLC
HEAD OFFICE -OBARETIN ESTATE
Km 22 Benin-Sapele Road|P.0.Box 7061 |Benin City |Edo State |Nigeria
T+2348034134444|E:[email protected]|Rc 174370 |www.presco-ple.com
Olakanmi Rasheed Sarumi(Chairman)|Reji George (MD/CEO)|Felix O.Nwabuko (NED)!
Amb.Nonye Udo (INED)|Mrs.Ingrid Gabrielle J.Vandewiele (NED)|Jan Van Eykeren (NED)!
Abdul Akhor Bello (NED)

Thank you for the vital information. DataMax has been ridiculous by not responding to inquiries. They're just lucky based on my distance.

emmasoft:


For those yet to get their GTCO shares from the last offer, click on the link below to complete the cscs update form provided by the registrars of the company as part of the solution to the issue.

https://www.cognitoforms.com/DataMaxGroup1/CSCSDETAILSUPDATEFORM2

2cato:
most people seems to know nothing about NDIF that pays dividend four times a year and almost 18% per year due to their hiding financials

A classic case of return on my money is guaranteed but
return of my money is not as at when needed.
Seems like a close ended fund. So Probably never going to issue new shares.

Betaglass illiquidity sef better.
Na certain Class of people fit dey there.

UPDATED...

KarlTom:
SCHEDULED BOARD MEETINGS

Tuesday 18th March 2025.
TRANEX,

Wednesday 19th March 2025.
NPFMFB,

Thursday 20th March 2025
OKOMUOIL,

Friday 21st March, 2025
ARADEL,

Monday 24th March, 2025.
ETERNA

Tuesday 25th March 2025.
OMATEK, VFD

Wednesday 26th March 2025.
NCR,

Thursday 27th March 2025
ABC, BUAFOODS, CADBURY, CAP, CAVERTON, ETRANSACT, FIDSON, M&B, MRSOIL, NAHCO, PZ, SAHCO,

Friday, March 28, 2025
CHAMS, CUSTODIAN, LASACO, PRESCO, TOTAL,

Tuesday, April 29, 2025
MTNN,
......

Thanks for this information.

jonnysessy:
Presco PIc
25 March 2025
NOTICE OF BOARD MEETING
This is to notify Nigerian Exchange Limited (NGX or The Exchange)and the investing public
pursuant to NGX's Rules that a Board Meeting of Presco Plc (the Company)has been
scheduled to hold on 28 March 2025 to consider and approve the Company's Full Year
Audited Financial Statements for the year ended 31 December 2024.
Accordingly,a closed period to prevent all Insiders from trading in the shares of the
Company has been in force from Wednesday,1st January 2025.The closed period will be
lifted twenty-four (24)hours after the Audited Financial Statements for the year ended 31
December 2024 are submitted to The Exchange and the public following the board meeting.
All Insiders of Presco Plc are prohibited from buying or selling the shares of Presco during
the closed period.
By order of the Board
Abdulai.Taiwo &Co
CNuYV
]
Company ccretaries
ALAYO OGUNBIYI
FRC/2024/PRO/NBA/002/227280
for:ABDULAI,TAIWO &CO.COMPANY SECRETARIES
Lagos,Nigeria
PRESCO PLC
HEAD OFFICE -OBARETIN ESTATE
Km 22 Benin-Sapele Road|P.0.Box 7061 |Benin City |Edo State |Nigeria
T+2348034134444|E:[email protected]|Rc 174370 |www.presco-ple.com
Olakanmi Rasheed Sarumi(Chairman)|Reji George (MD/CEO)|Felix O.Nwabuko (NED)!
Amb.Nonye Udo (INED)|Mrs.Ingrid Gabrielle J.Vandewiele (NED)|Jan Van Eykeren (NED)!
Abdul Akhor Bello (NED)

https://ewnation.com/can-rtbriscoe-bulls-shake-out-the-bears/
https://ewnation.com/omatek-investors-waiting-for-a-massive-rally/
https://ewnation.com/ftncocoa-correction-persists/
https://ewnation.com/aradel-two-elliott-wave-counts-both-bearish/
follow https://discord zone/Y9cWUxmq8G (replace zone with dot double g)

RodgersAkpafu:


This is gonna be a (slightly) long post so strap on your seat belt

Caveat: This is. my opinion only

Let's go........

Now investors generally either play for cash flows (dividends) ; or capital appreciation on the asset over time (increase in asset price)

While both are very good, and some play for a mix of both in their investment strategy
[/b]I play for the cash much more because Nigeria battles the twin demons of devaluation and inflation (almost identical twins lol) [b]

So, in my portfolio, I prioritise cash flow more than the capital appreciation bit
I suggest u do same

Now when it comes to the picks that will give you AT WORST minimum of >11% annual cash flow returns
I'll say Zenith (now my biggest position, buying this sucker hand over fist)
Soke GTBank will be alright
UCAP may do better this year into the next (they "disappointed a bit" )

Access is drunk on expansion ogogoro, so a little bit of it is fine, but I don't always trust them to "over declare for boys" like their peers do

Seplat and Airtel is also fine, but their dividend payment is less than <10% annually but the dividends come in regularly (more than the typical Nigerian company)

BUA companies are companies you buy with (small) funds that you write off in my opinion (I.e. you wasted the money but you did not waste the money situation, lol)

For real estate exposure, UPDC Reit > SFS Reit .
(you can have both, but much more of UPDC than the latter)
That's my opinion
Use at your own risk
Thank you

Would have thought it’s only by capital appreciation you hedge devaluation and inflation and not by dividend

megamart247:


He already said it's NASCON

Dansugar wont allow Nascon to fly.
They are Siamese twins.

STNWAUME:


Dansugar wont allow Nascon to fly.
They are Siamese twins.

Really

rmx:


Would have thought it’s only by capital appreciation you hedge devaluation and inflation and not by dividend

That's a defendable argument
But let me present a counter

When a company makes say x billion naira this year
they can either pay out some in dividend, or reinvest into capital expansion that will increase the value of the firm long term....

If the dividend is paid out now, it is paid out as present value, t
And the investor can do what they like with the proceeds

However, if they go for capital expansion
and truly the value of the firm rises in 5 years
Using the last three years as a reference, inflation AND devaluation at that rate has "rendered useless" any capital gain over 5 years , making the argument that it was better to pay out the cash at period t, and t +1 when the naira still had more value values

Ding!!

MUTUAL BENEFIT

☀️ Midweek moves: Market is open!

Another trading session is underway and it's moving fast!
Let’s track it together on https://stockbubbles.com.ng/

CardinalStone Securities Limited, has projected 37% upside for MTN Nigeria Plc as analysts revised the telecom company target price to N336.60.

RodgersAkpafu:

Sometimes the best thing to do is to lag your investment in aradel

Essentially buying up small small every week
while still waiting for your target price (if it actually materialises ) essentially hedging your risk.

If you keep waiting and aradel inches upwards
That will be a lost opportunity

Thanks a lot .. Appreciate just bidded 480.. It might not fill up tho. Keeping the fingers crossed

Ades1:



It is currently trading Below ₦500, that the purpose of buying companies like Aradel is mostly because you expect them to make a lot more profits in the future than they make today. Today the profit is around 50 bucks, in the future it could grow to 100 or 200, now imagine investing 500 today and in the future(5-10 years from now), that investment is returning 200 every year.

Must of the financials states strong buy. Don’t know why the stock price is stangnant for now

@Loco is this the chams bull we are waiting for

ACCESS
Since some Ogas have been crossing/offloading it @22, many bargainers also ed the queue at 22.00 - 22.10, make he kuku dey share for everybody at that price junction....😊

Wonder what's happening there....

yMcy56:
ACCESS
Since some Ogas have been crossing/offloading it @22, many bargainers also ed the queue at 22.00 - 22.10, make he kuku dey share for everybody at that price junction....😊

Wonder what's happening there....

Maybe they are responding to the news below in the news link or something new

pluto09:

https://moneycentral.com.ng/companies/article/access-bank-commercial-paper-issuance-raises-liquidity-red-flags-among-investors-on-possible-financial-weakness/

Thoughts on Stanbic, AIICO and a few other stocks.

https://open.substack.com/pub/lifeasananalyst/p/views-on-stanbic-ibtc-and-aiico?r=1oizx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

GTB @66!
Up with N3.15
Wetin dey happen?
Result donleak or na pumping before result?
* @N63 crossed.......now @63...

ACCESS @22/22.40
FIDELITY @19.05/19.30

* Sometimes, one would wonder what this Mr. Market actually wants.....
NESTLE declared huge loss and is gaining....
UBA declared juicy dividend and it's doing merry go round in a spot......
SCOA did not declare anything but refused to shed weight, rather, it appreciated in price up to current share price.....😊

🟢 Midday Top 10 Performers So Far

Stocks like MBENEFIT (+10%) and ETRANZACT (+9.52%) are showing strong gains today, but here’s the catch: most of them are trading with low amounts of money (less than ₦4M in value).

🔍 This means even though the prices are rising fast, not a lot of people are buying or selling them.

💡 So while the gains look good, it’s smart to also check the value and volume, not just the percentage increase.