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  • Re: Paints and coatings nigeria plc Post #289076
    Posted at: 10:32 pm, 26th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.


  • Re: Guinness Post #289075
    Posted at: 10:31 pm, 26th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.


  • Re: Fidelity Bank Post #289074
    Posted at: 10:30 pm, 26th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.


  • Re: GTBank Post #289073
    Posted at: 4:16 pm, 26th Apr 2017
    by shigidi. SMN . Joined: 6th July 2007. Thanked 28 times.

    arostuff;289070 wrote:
    GTB Q1 result

    Q1 PAT = 41billion, EPS = 1.47

    whao whao !!!!!!
    what magic is really going on in this bank, I hope this is not a bubble that would soon burst, how can they rake in so much in the midst of this recession

    at this rate the price of GTBank would soon reach 40 naira

    I think kingojames should just come and invest his first million here instead of mining gidigbo btwn Nosa2 and dudspace :D:D

    Security.investment is the reason. They just pumped all their cash in treasury bills. Look at the cash flow statement.


  • Re: GTBank Post #289072
    Posted at: 2:49 pm, 26th Apr 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    arostuff;289070 wrote:
    GTB Q1 result

    Q1 PAT = 41billion, EPS = 1.47

    whao whao !!!!!!
    what magic is really going on in this bank, I hope this is not a bubble that would soon burst, how can they rake in so much in the midst of this recession

    at this rate the price of GTBank would soon reach 40 naira

    I think kingojames should just come and invest his first million here instead of mining gidigbo btwn Nosa2 and dudspace :D:D

    Are you sure this is not 'cryptoresult'?. Will that not be from 'cryptocurrency' to 'cryptoresult'?. :D :D


  • Re: Livestock Feeds Plc Post #289071
    Posted at: 2:37 pm, 26th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.


  • Re: GTBank Post #289070
    Posted at: 2:34 pm, 26th Apr 2017
    by arostuff. SMN . Joined: 25th September 2010. Thanked 5 times.


    GTB Q1 result

    Q1 PAT = 41billion, EPS = 1.47

    whao whao !!!!!!
    what magic is really going on in this bank, I hope this is not a bubble that would soon burst, how can they rake in so much in the midst of this recession

    at this rate the price of GTBank would soon reach 40 naira

    I think kingojames should just come and invest his first million here instead of mining gidigbo btwn Nosa2 and dudspace :D:D


  • Re: Total Post #289069
    Posted at: 2:30 pm, 26th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.

    http://www.nse.com.ng/Financial_NewsDocs/17687_TOTAL_NIG_PLC_-_Q1_MARCH_2017_FINANCIAL_STATEMENTS_APRIL_2017.pdf

    Revenue (2017)80,462,810 (2016)59,704,845 - 35%
    Profit before taxation (2017)4,250,(2017)361 3,843,316 -11%
    Profit for the period (2017)2,671,515 (2016)2,824,622 - (5)%

    Snatching defeat(flat PAT), from the jaws of victory(35% increase in revenue):(:(


  • Re: UACN Property Development Company PLC Post #289068
    Posted at: 2:23 pm, 26th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.


  • Re: GTBank Post #289067
    Posted at: 2:23 pm, 26th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.


  • Re: MarketWatch Post #289066
    Posted at: 1:28 pm, 26th Apr 2017
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 313 times.

    duduspace;289065 wrote:
    Na you start the name calling, the discussion really didnt have to take the direction it did. I can be accused of having a big mouth but I intervened primarily out of concern for Oga Kingojames.

    I do not believe in information assymetry cos I just consider it a way of cheating other people. Anything that hides details so that it only benefits only a few as far as I am concerned is not right......if someone is an inventor, pioneer or early adopter, different matter entirely.
    Our discussion still has provided information for people. I agree mining can be an interesting hobby and additional source of income, he might even hit it big if for example the cryptocurrency he mines makes a lot of traction as a payment system but that is a lot of ifs and buts and not so clear a path. I thought he should be made aware of all that and my major concern was if it would be profitable for him in Nigeria.

    I just didnt think it the better option for someone looking to strike out after his first major breakthrough which he was so excited to share with all of us.

    And all I am saying is that with enough capital and proper research into the right equipment it is a very lucrative business.

    The biggest bitcoin mining companies in 2016 - Business Insider

    https://www.nytimes.com/video/business/100000002607442/mining-for-bitcoins-in-iceland.html

    Bitcoin Mining is a Family Business for This Father and Son - CoinDesk

    https://99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/

    If you do not have the money to invest or, more importantly, time to do the research then it is best to stay away from cryptocurrency mining. However it is VERY WRONG TO SAY IT IS A HOBBY


  • Re: MarketWatch Post #289065
    Posted at: 12:08 pm, 26th Apr 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    nosa2;289059 wrote:
    Read my initial post again and you will see that I wasn't advising him to start a cryptocurrency mining business. What I told him was that he should look to investing his, now famous, N1m loot into a business that would give a return in Dollars. TO successfully mine cryptos you need to invest more that N1m which I don't think he has.

    As for divulging information..... what do I have to gain? I have put in hundreds of hours of research and if you actually do research and understand the nature of mining, you would know that ultimately it is a zero sum game. The more people who mine a profitable currency the less profitable it is for everyone. So all i will tell you or anyone that asks, is that you do your own research.

    Na you start the name calling, the discussion really didnt have to take the direction it did. I can be accused of having a big mouth but I intervened primarily out of concern for Oga Kingojames.

    I do not believe in information assymetry cos I just consider it a way of cheating other people. Anything that hides details so that it only benefits only a few as far as I am concerned is not right......if someone is an inventor, pioneer or early adopter, different matter entirely.
    Our discussion still has provided information for people. I agree mining can be an interesting hobby and additional source of income, he might even hit it big if for example the cryptocurrency he mines makes a lot of traction as a payment system but that is a lot of ifs and buts and not so clear a path. I thought he should be made aware of all that and my major concern was if it would be profitable for him in Nigeria.

    I just didnt think it the better option for someone looking to strike out after his first major breakthrough which he was so excited to share with all of us.


  • Re: Money Market Fund Post #289064
    Posted at: 10:52 am, 26th Apr 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    Getthere;289063 wrote:
    Oga Migi u have answered yourself na. The pooled funds are invested and the average returns is paid to u. meanwhile they have made more than the average returns

    I wanted you to say it now because it was looking as if the bank is actually favouring the investor with MMF by not charging any fees whereas it is 'hidden' somewhere.


  • Re: Money Market Fund Post #289063
    Posted at: 10:21 am, 26th Apr 2017
    by Getthere. SMN . Joined: 23rd May 2013. Thanked 8 times.

    migiets;289062 wrote:
    I know. I was just answering Getthere's question. For secondary market, there is no commission or custodian fees but the bank will sell to you at a lower rate that it got it. It is from the rate difference that they make their own money. This is why iam asking Getthere where the banks make their money to cover their expenses from MMF.

    Oga Migi u have answered yourself na. The pooled funds are invested and the average returns is paid to u. meanwhile they have made more than the average returns


  • Re: Money Market Fund Post #289062
    Posted at: 9:56 am, 26th Apr 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    PETERICHY;289061 wrote:
    If you are buying from the Primary Auction,
    Custodian fees is ONLY 1% while Bank commission is 0.25% that's why Banks discourage people from doing TB

    I know. I was just answering Getthere's question. For secondary market, there is no commission or custodian fees but the bank will sell to you at a lower rate that it got it. It is from the rate difference that they make their own money. This is why iam asking Getthere where the banks make their money to cover their expenses from MMF.


  • Re: Money Market Fund Post #289061
    Posted at: 9:39 am, 26th Apr 2017
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 61 times.

    migiets;289058 wrote:
    There is a commission charged by the bank and also custodian fees charged by the bank.

    If you are buying from the Primary Auction,
    Custodian fees is ONLY 1% while Bank commission is 0.25% that's why Banks discourage people from doing TB


  • Re: MarketWatch Post #289060
    Posted at: 9:10 am, 26th Apr 2017
    by kingojames. SMN . Joined: 24th April 2008. Thanked 10 times.

    duduspace;289046 wrote:
    I referred to ASIC miners in my last post, here is a review of one of them which when I last checked on Amazon cost almost $2000



    When one of your so called miners (as opposed to Jeff Bezos who makes money from the sales of such miners on Amazon) enters the top 10 rich list of any country or state in Nigeria , I will agree that you indeed have a clue about what you are claiming mastery in.
    Until then......whistling to Adekunle Gold "Enu o se, enu o see, ariwo ko ni music o. Empty barrel lo ma'n pariwo"

    I don talk my own, if Oga Kingojames likes he can buy the miner and be our guinea pig for the next 2 years. By God's grace we go all dey here when he renders his account and I wish him all the best.
    If I were in his shoes, I will simply ask yu to show me your mining account for the past 2 years, na CAPEX and OPEX I asked for that led to all this megedefegede. :D

    I've read between Nosa2's lines.


  • Re: MarketWatch Post #289059
    Posted at: 8:22 am, 26th Apr 2017
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 313 times.

    duduspace;289049 wrote:
    Hehehe.....me display ignorance ?
    If you have real knowledge you would put it out in the open because you are sure of it but I am yet to see anything beyond images of miners. Only charlartans seeking to exploit others point to some esoteric knowledge only they possess.
    You have said less about cryptocurrency here than I have so far and that is fact.
    Stick to issues and stop the name calling. If you want to be taken seriously give the guy full disclosure on what he is getting into and stop the unnecessary chest thumping.

    Stick to issues Sir. What cryptocurrency do you want him mining ? What is the realistic amount he can mine in a reasonable time period ? What impact does electric instability have on mining operation ? What happens if his wallet holder/exchange is hacked ? What security standards do they offer ? What is the cryptocurrency's present value, in how many countries is it used and how many retailers have adopted it e.t.c.

    Stop sounding like a Molue salesman who got angry when someone told him his 'Awogbaarun' smelt like Paraffin oil when all he needed to do is provide proof of its efficacy :D

    Read my initial post again and you will see that I wasn't advising him to start a cryptocurrency mining business. What I told him was that he should look to investing his, now famous, N1m loot into a business that would give a return in Dollars. TO successfully mine cryptos you need to invest more that N1m which I don't think he has.

    As for divulging information..... what do I have to gain? I have put in hundreds of hours of research and if you actually do research and understand the nature of mining, you would know that ultimately it is a zero sum game. The more people who mine a profitable currency the less profitable it is for everyone. So all i will tell you or anyone that asks, is that you do your own research.


  • Re: Money Market Fund Post #289058
    Posted at: 8:17 am, 26th Apr 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    Getthere;289055 wrote:
    When u buy t bills from your bank, how do they make money to make up for admin expenses?

    There is a commission charged by the bank and also custodian fees charged by the bank.


  • Re: MarketWatch Post #289057
    Posted at: 8:16 am, 26th Apr 2017
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 313 times.

    Getthere;289053 wrote:
    Me am curious too o. The guy will soon be like Dangote --- Sugar,Flour,Refinery,Cement .....

    You cannot live on cryptocurrency mining but it does make an excellent second income.


  • Re: MarketWatch Post #289056
    Posted at: 8:15 am, 26th Apr 2017
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 313 times.

    migiets;289050 wrote:
    Oga Nosa, have you now moved from your agriculture business specifically moriga cultivation, processing, packaging and export to cryptocurrency mining?

    I have put my farming activity on hold for now. My farm is located in Nassarawa and the conflict you see in the headlines everyday is very real. I don't want to be stuck in the bush when some herdsmen will decide it is their time to shine. When things calm down I will resume, but for now I dey my house


  • Re: Money Market Fund Post #289055
    Posted at: 8:05 am, 26th Apr 2017
    by Getthere. SMN . Joined: 23rd May 2013. Thanked 8 times.

    migiets;289054 wrote:
    Hmmmmm. So how does the bank make money to meet up with their administrative expenses?.

    When u buy t bills from your bank, how do they make money to make up for admin expenses?


  • Re: Money Market Fund Post #289054
    Posted at: 7:58 am, 26th Apr 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    Getthere;289051 wrote:
    None ,u only pay 10% withholding tax on the interest earned. Just like u pay 10% tax on your shares dividend

    Nothing happens to the capital

    Hmmmmm. So how does the bank make money to meet up with their administrative expenses?.


  • Re: MarketWatch Post #289053
    Posted at: 7:56 am, 26th Apr 2017
    by Getthere. SMN . Joined: 23rd May 2013. Thanked 8 times.

    migiets;289050 wrote:
    Oga Nosa, have you now moved from your agriculture business specifically moriga cultivation, processing, packaging and export to cryptocurrency mining?

    Me am curious too o. The guy will soon be like Dangote --- Sugar,Flour,Refinery,Cement .....


  • Re: Bond investment Post #289052
    Posted at: 7:53 am, 26th Apr 2017
    by Getthere. SMN . Joined: 23rd May 2013. Thanked 8 times.

    migiets;288915 wrote:
    Why the drop in the rate from 13.01 to 12.794?.

    NTB primary auction is coming up this week as well on April 5, 2017. Will watch to see the stop rate for the various tenors

    Oga waves please what is the latest on the FGNSB. What was the last subscription like?


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