๐ณ๐ฌ and ๐ฎ๐ช
Joined September 2010
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The illiterates of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn and relearn - Alvin Toffler. โ at Lagos, Nigeria
Mr Obi. . . retweeted
We did really well to get ahead but we need to string two passes together. Stop playing Anfield and play Liverpool. Rice out there screaming at others to calm down and get their foot on the ball. The counter is there. We also have the bench to hurt them.
Massive second half.
Mr Obi. . . retweeted
I canโt even tell which is the worst performance between Havertz vs Man united in the FA or Havertz vs Fleetwood tonight.
Two of the worst performances iโve ever seen from an Arsenal player.
Mr Obi. . . retweeted
Women watched one World Cup and all of a sudden start feeling like a football pundit๐ญ๐๐
Mr Obi. . . retweeted
At the N525 IPO price, a N2m investment in Dangote Refinery gets you about 3,810 shares out of roughly 124billion shares outstanding.
If the company distributes N1trn in dividends yearly, that works out to about N8.06 per share, giving a N2m investor roughly N30,700 in gross dividends.
A N2 trillion distribution works out to N16.13 per share, or about N61,400 for the investor.
But dividends are only one part of the investment case. At N525, Dangote Refinery is already being valued at about $47.8 billion. So what exactly are investors paying for, and where does the next leg of growth come from?
The prospectus points to a major expansion: refining capacity is targeted to increase from about 700kbpd to 1.4m bpd by 2029, as part of a roughly $14.3b expansion programme.
Now consider what it would take for the N525 share price to become N1,050, just a 2ร return. With the current share count, that would put the companyโs equity valuation at roughly N130trn or about $95.6b at the same exchange rate.
These numbers are useful for understanding what investors are actually buying into.
Mr Obi. . . retweeted
Odumeje having an encounter with a young man having slight signs of madness ๐
The part wey off me na the part him say him don talk finish you want make I nod you ? ๐
Mr Obi. . . retweeted
Debunking the Phantom Debts and Ecological Loan Fallacy
My attention has been drawn to trending claims by the Anambra State Government that my administration left behind inherited debts, including a โฆ2 billion ecological loan, contractor liabilities, and unpaid salaries, gratuities, and pensions. This is completely false.
We systematically liquidated historical gratuities and arrears dating back several years, amounting to over โฆ35 billion. At the point of handover, the state owed nothing in salaries, gratuities, or pensions, nor did we owe anything to any contractor for projects duly executed and certified.
The โฆ2 billion ecological fund in question was released barely three months before the end of my tenure for the Oko/Umuchiana erosion crisis. Despite pressure to spend the money, I refused, insisting that it should be left for my successor because government is a continuum and the funds were tied to a specific project.
The money was therefore left 100 per cent intact in First Bank, in Account No. 2018779464, with a balance of over โฆ2.13 billion.
It is important to stress that funds tied to specific projects or set aside for particular purposes were not even included in the over โฆ75 billion in savings we left behind.
If anybody can establish anything to the contrary, I will stop campaigning. -PO
Iโm enjoying this tears from ManU. If this game had stayed 11 v 11 sure they would nicked the 3points but city deserved it for Brunoโs antics
Mr Obi. . . retweeted
Did you notice the trick Christos Tzolis used to help set-up Arsenal's winner against Chelsea?
๐๏ธ @Jon_Mackenzie