Expectedly, profit-taking has dominated trades so far in the week providing the market with the much-needed breather to regain momentum.
Sources: NSE, United Capital Research
While it can be argued that this rally is not entirely framed on a broad improvement in the macroeconomic fundamentals or improved corporate earnings given rising inflation rate, concerns in the currency market and tepid GDP growth outlook, a number of factors actually drove the rally.
For context, the low to near-zero yield environment in the fixed income market coupled with the heterodox but largely expansionary monetary policy stance which continues to signal even lower yields is pushing asset managers towards riskier asset classes.
Money markets will remain awash with liquidity, c. N2trn worth of treasury bills and OMO markets maturities are expected to hit the system before the end of the year, with only a handful anticipated to be mopped-up. Again, with the announcement of a vaccine for Covid-19, oil prices are likely to further strengthen.
With the sharp uptick in the share prices, we are of the view that there is still headroom for further expansion. From a technical standpoint, we observe that despite the recent upsurge, all share index is yet to touch the 45,000 psychological level attained in 2018, following changes in the policy framework at the time.
Accordingly, despite concerns around the macro-economic outcome in Nigeria, we estimate that robust system liquidity will most probably sustain demand for stocks for the rest of the year amid near-zero yield on T-bills.
Earlier this week, the parallel market rate depreciated to N475/$1 – its best level in 12 weeks – as a result of the inability of the official market to satisfy the huge demand backlog by manufacturers, traders and foreign investors seeking to repatriate capital.
Since September, the CBN has allotted over $1.0bn to BDCs in a bid to inject more liquidity and ease demand pressures, according to media sources. However, the volatility in the markets remained unabated.
Afolabi Sotunde Illustration Naira
The recent pressure on FX rates is attributable to a number of factors:
First, legitimate FX demand by manufacturers whose obligation to their foreign suppliers continues to increase.
Additionally, elevated demand for dollars appears driven by festive season-related importation in anticipation of yuletide sales as well as year-end travel linked to demand.
Finally, speculation by market participants who expect the Naira to depreciate even further continues to weigh on the parallel rate.
In our view, the current foreign exchange pressure is likely to be sustained through the end of the year as demand for festivities-related imports rises through December. We note that the CBN’s restrictive policies, targeted at reducing demand, may end up hurting businesses and forcing even more demand pressure on the parallel market.
This may further widen the spread between official and parallel market rates. As such, any moderation in the parallel market rates will depend on a fundamental change in the factors currently affecting supply: low oil prices and the dearth of foreign capital inflows into the country.
This number is $15.6 billion higher than our previous forecast, which we made early on in the pandemic. Armed with companies’ financial results for H1 2020, we can now see the impact of increased engagement on game spending more clearly.
Exactly how sustainable this growth remains to be seen and is dependent on many factors. We anticipate that the market will continue to grow, generating $217.9 billion in 2023.
Meanwhile, our Global Games Market Report subscription is now fully integrated into the Newzoo Platform. We expanded the service with an array of interactive tools that let users analyze trends and forecasts. We also added revenue data on the 100 public companies (by game revenues).
China and the U.S. Remain the Two Biggest Games Markets
Console and mobile gaming revenues are most boosted by the pandemic, but when it comes to regions, the impact is spread relatively equally.
In line with previous forecasts, China and the U.S. still represent 49% of the world’s games market in terms of consumer-generated revenues:
Escapism, Socializing, and Time Filling Drive Revenue Growth for the Games Market During the Pandemic
While COVID-19 has impacted some aspects of development, the pandemic has not fundamentally changed the games market—nor has it transformed player behaviour. Rather, it has accelerated trends we have previously reported.
This acceleration results from the ongoing measures around the pandemic. With the population being encouraged to stay at home and limit social interaction, people have turned to game en masse.
Gaming has been a means for entertainment, escapism, and socializing and interacting with friends/family for many consumers, leading to unprecedented growth for the games market.
Previous Newzoo research shows that socializing was the #2 reason people have spent more time playinggames during the pandemic. Therefore, it is unsurprising that games offering a social, fun, and competitive experience have enjoyed huge engagement this year.
Among Us and Fall Guys (read our deep dive here) are just two examples of new games that tick these boxes. Both titles became some of 2020’s biggest hits.
All Revenue Streams Were Impacted
Our revenue adjustment affects our forecast for every segment we cover—PC, mobile, and console:
We now forecast that PC games will generate $37.4 billion in 2020, up from our previous forecast of $36.9 billion.
Games on mobile will generate $86.3 billion in 2020, up from our previous forecast of $77.2 billion.
Games on the console will generate $51.2 billion in 2020, up from our previous forecast of $45.2 billion.
Mobile gaming is the largest segment by revenue and growth. Mobile’s low barrier to entry—as well as the widespread availability of smartphones—make it an ideal place to start gaming for newer players across all regions.
Console, with our new forecast of $51.2 billion, is perhaps most affected. Console’s growth of +21.0% year on year is more than double the growth we previously forecast.
Following the usual trend prior to new generation releases, we’d expect console revenues to be lower in anticipation of the launch of the incoming next-generation consoles. But the pandemic has resulted in the opposite.
We attribute console’s unprecedented growth to the accessibility of consoles, whose plug-and-play nature, marketing budgets, and retail presence give it an edge compared to PC gaming—for new and returning players alike.
Console game revenues for publicly listed companies grew nearly +30% in H1 2020, reporting more than +20% year-on-year growth in every major region. The console market is largely in the hands of publicly listed companies.
Therefore, their results are an excellent proxy for growth in the console segment. Luckily, Global Games Market Report subscribers can go to the Newzoo Platform for a top 100 ranking of public game companies (by revenues).
The Future Remains Bright: The Games Market Will Soon Have Its First $200 Billion Year
The increased engagement and revenues resulting from the pandemic will ripple into next year and beyond.
We now forecast that the games market will to grow to $217.9 billion by 2023, representing a strong +9.4% CAGR between 2018 and 2023. This is up from our previous forecast of $200.8 billion.
Based on engagement metrics of the past months, we see that consumers are continuing to engage with gaming more than they did before the pandemic—even in markets where lockdown measures have long been lifted.
The first half-year of 2020 saw a peak in growth for the market. While some consumers may play less after the pandemic ends, all signs point to a significant chunk of revenue growth and engagement being permanent.
In a recent update, the World Bank issued its new estimates for 2020, correcting the market for the COVID-19 pandemic and an impending recession. Nevertheless, we will not judge the impact of a possible recession until we know more about the pandemic’s outcome.
Similarly, we are careful to predict how and when the world will exit the pandemic and—likewise— how that might affect spending on games.
We will continue to monitor the games market in the context of this worldwide event, updating revenue numbers as needed in our upcoming quarterly updates—as we always do.
The Ekiti State Governor, Dr Kayode Fayemi has inaugurated a 13-member committee to critically examine and recommend to the government the viability and economic sustainability of the planned creation of Local Council Development Areas (LCDAs) from the existing 16 Local Government Areas (LGAs) in State.
Ekiti Govt Commences Move To Create LCDAs – www.brandspurng.com
The Governor had hinted at the plan to create new LCDAs while delivering his State of the State address at the State Assembly last month.
Speaking during the inauguration ceremony at the State Executive Council Chamber, Governor’s office in Ado Ekiti on Monday, Dr Fayemi said the move was in a bid to bring government nearer to the people and to stimulate rapid development in the rural areas in line with his administration’s five-pillar development agenda.
He noted that agitations for the creation of new LCDAs continued to top the list of demands in the various consultative meetings held with stakeholders across communities in the State since the inception of his administration.
The Governor added that the creation of the LCDAs was in demonstration of his administration’s commitment to justice, fair-play, and response to the yearnings of the people for the increase and adequate representation at all levels of governance.
He said: “You may recall that exactly one month today while delivering the ‘State of the State’ address in commemoration of the Second Anniversary of my administration, I mentioned that after extensive consultations, my administration has decided to revisit the creation of Local Council Development Areas (LCDAs) from the existing Local Government Areas (LGAs) in Ekiti State.
“Ekiti State has a long history of well-articulated demands for the creation of LCDAs. You may recall that in 2014, a Committee on the Creation of Local Council Development Areas, chaired by Honourable Justice Akinjide Ajakaiye was inaugurated to look into the viability and desirability of the agitation for the creation of additional Local Council Development Areas.
“The Committee adopted a consultative and inclusive approach to its mandate and presented to the government a report that led to the creation of additional 19 Local Council Development Areas from the existing 16 Local Government Areas in the State.
“Regrettably, the successor government placed politics above the far-reaching interest of Ekiti people. The process was abandoned just like it did to many of the developmental policies, programme, and projects of my first term.
“I must emphasize that the creation of the LCDAs is in response tothe agitation of our people for enhanced representation at all levels of government. For added emphasis, all through the electioneering process that produced the current administration in Ekiti State, and at various consultative meetings facilitated by the government since the inception of this administration, the request for the creation of additional LCDAs continues to top the list of the demands of our people.
“As a responsible and responsive government, it is our duty to make decisions that will be of ultimate benefit to the people who elected us to pilot the affairs of the State. I am, satisfied that the creation of LCDAs in Ekiti State will further deepen the existing relationship between government and our people as well as enhance our commitment to the rapid development of all our communities in line with this administration’s 5-pillar developmental agenda.”
Fayemi charged members of the committee approach their assignment with courage, impartiality, and equanimity and counsel the Government on necessary administrative arrangements as well as proposals for an equitable revenue allocation to ensure the sustainability of the LCDAs.
Other members of the committee include Dr Femi Akinola, Mr Victor Akinola, Mrs Sade Daramola, Mr Joseph Olaito, Mrs Emily Fagesi, M. Remi Obaparusi, Representative Ministry of Justice, Representative of Ministry of Local Government Affairs, Representative of Ministry of Finance and Economic Development, Representative of Traditional Rulers and Representative of Association of Local Government of Nigeria (ALGON), Ekiti State. The Committee which had three months to deliver on its mandate is expected to review the Local Government Development Council Law, Ekiti State 2014, and make recommendations on its relevance in view of current legal developments in Ekiti State.
In his response, the Chairman of the Committee, Mr Oluwole commended the State Government for finding members of the committee worthy of the assignment, promising that the committee would display fear of God’s honesty, fairness, justice, and transparency in carrying out its mandate.
The 2020 edition of Konga Yakata is living up to expectations as arguably the most lucrative ever in the history of Nigerian e-Commerce, with Konga further set to record more hits as eager shoppers rush to participate in the global Black Friday sales which started on November 11 and will run until December 12, 2020.
Investigations reveal that Konga has raised the bar with the 2020 edition of Konga Yakata, an annual promotion widely regarded as the biggest sales event of the year in the Nigerian shopping calendar.
The e-Commerce giant has witnessed near-record figures in orders placed as well as calls processed by its Customer Experience Team from prospective shoppers since the promotion kicked off on Wednesday, November 11, 2020. In addition, Konga has been proactive in meeting delivery timelines, currently averaging 95% of all orders placed since the commencement of Konga Yakata 2020.
Meanwhile, feelers reveal that traffic to the Konga website www.konga.com has continued to peak since November 11. Feedback received from enquiries at Konga shows that Home & Kitchen Appliances, Electronics, Computing, Mobile Phones, Wine & Spirits and FMCG products have recorded the highest patronage so far. Further, Konga offline stores in various parts of Nigeria have also witnessed a steady flow of walk-in customers.
Reports from a number of stores in Lagos, Abuja, Owerri, Enugu, Uyo and Asaba, among others, indicate that eager shoppers turn up very early days at most of these locations to take part in Konga Yakata. Many also admitted to taking time out to visit the stores in order to see the products and pick up instantly without having to wait for deliveries.
Equally important, the management of Konga says it has put together an amazing line-up of offers and best-priced deals for this Thursday and Friday to test the capacity of the company to hit platinum in daily sales by November 27.
When contacted, the Co-CEO, Nick Imudia reiterated his earlier submission that Konga is determined to beat any price in the market for only genuine products in line with its status as an ethical brand that prides itself on stocking only authentic products sourced directly from its manufacturers.
Konga Yakata, which is Africa’s equivalent of the popular Black Friday in the United States, has been instituted by Konga to recognize the importance of black people in global commerce sector – a factor that has resulted in its huge acceptance in Nigeria where it is regarded as the biggest sales event of every year.
Konga Yakata runs from November 11 till December 12 across all Konga retail channels.
Konga Yakata 2020 is supported by a host of top brands such as Samsung, HP, DELL, Zinox, Intel, Coca-Cola, Infinix, Hennessey, Visa, Nivia, ITEC, Lenovo, ASUS, Nestle, Tecno and many other OEMs.
Tesla shares are trading more than 12% higher at $459.32 in the US premarket today, after it was included in the S&P 500. It looks like a well-deserved place for the popular electric vehicle maker after being snubbed in September.
Tesla shares finally get a well-deserved place in S&P 500 – www.brandspurng.com
Tesla gets a place in the S&P 500
Stock indexes frequently rebalance their constituents in order to maintain the accuracy of the weightings of companies in the market or sector they are based on. The broader market indices such as the S&P 500 and Dow Jones Industrial Average are seen as a barometer for the US economy. Therefore, both these indices change their constituents so that their price movement is reflective of the US economy. As far as Tesla is concerned, it has redefined the automotive industry. Tesla’s success and soaring market capitalisation have prompted legacy automakers to focus on electric vehicles instead of traditional internal combustion engine cars.
Both Dow Jones and S&P 500 have reshuffled constituents in 2020
At times, the index shakeups are necessitated due to corporate actions. For instance, the Dow Jones had to reshuffle its constituents in August after Apple, its largest constituent, split its stock four for one. Since the Dow Jones is a price-weighted index, Apple’s weight, and hence the tech sector’s weightage in the index, would have come down post the split.
On other occassions indices add or remove a constituent so that the index remains representative of the economy. Incidentally, this year both the Dow Jones and S&P 500 have changed their constituents. In August, the Dow Jones announced that it would add Salesforce, Amgen, and Honeywell – that represented a major shakeup for the 30-share index. These companies replaced Raytheon, Exxon Mobil, and Pfizer.
S&P 500 passed on Tesla in September
In September, the S&P 500 also announced the inclusion of three new constituents. These were Teradyne, Etsy, and Catalent. The news came as a surprise to markets as well as Tesla fans. In July, Tesla met a key condition for inclusion into the S&P 500 after it posted a net profit in the second quarter of 2020—its fourth consecutive quarterly profit. The company posted a net profit in the second quarter despite the headwinds from COVID-19 pandemic. Its Freemont plant, where it produces most of its cars, was shut for many days during the quarter. Unlike legacy automakers that carry inventories of more than a month, Tesla is a supply-constrained company. It can sell only as many cars that it can produce.
Tesla has reshaped the automotive industry
Meanwhile, despite the production headwinds, Tesla has maintained its original guidance of selling over half a million cars in 2020. This is a remarkable achievement for the company and CEO Elon Musk. Five years back, Tesla was seen as a niche automaker selling only a few thousand cars a year. This year, Tesla’s cumulative deliveries since inception crossed 1 million. In the third-quarter earnings call, Musk alluded to the fact that Tesla might deliver a million cars in 2021.
Tesla posted a net profit in the third quarter of 2020 – a reflection of the fact that it is finally becoming a sustainably profitable venture. Tesla shares have soared almost 400% this year and the company has capitalised on the opportunity by raising over $7 billion by issuing more stock.
Tesla’s balance sheet is in strong shape
The share issuance has bolstered Tesla’s balance sheet and it now has enough cash to fund its new factories in Berlin and Texas, as well now having enough to continue funding its research and development on autonomous vehicles.
Coming back to Tesla’s inclusion into the S&P 500, it looks a well-deserved place. Notably, Tesla shares had tanked in September when it got a snub from the S&P 500. However, markets cheered the news of its inclusion in the S&P 500 by sending its shares north by over 13%. Musk, who is now among the top 10 richest persons globally, saw his net worth increase by around $15 billion after the spike.
Why is the inclusion into the S&P 500 important?
The S&P 500 is the most indexed globally and over $11.2 billion is either indexed or benchmarked to the index. Out of these $4.6 billion is indexed to the S&P 500. After Tesla’s inclusion into the S&P 500, funds that are indexed to it would have to buy $51 billion worth of Tesla shares while selling other shares in the index.
That’s a massive amount of buying for Tesla’s whose market capitalisation was a little less than $400 billion based on yesterday’s closing prices. The inclusion could drive Tesla shares even higher. In 1999, Yahoo shares rallied 64% over five sessions after its inclusion in the S&P 500 was announced.
Tesla’s valuation
Tesla would be one of the biggest constituents to join the S&P 500 and it would be among the top 5% of companies in the index. Here it is worth noting that since the S&P 500 is a market capitalization-weighted index, a share’s weighting is determined by its market cap.
Meanwhile, many have been apprehensive about Tesla valuation as its market capitalisation went above the combined market capitalisation of the largest automakers including Toyota, Volkswagen, General Motors, and Ford. While Tesla has achieved a critical mass with its deliveries, its annual deliveries are still a fraction of what other automakers sell.
“(Monday’s) price jump means the retirees and other individual investors who put their money into index funds will see some of their money go into Tesla share at a price even higher than its controversially high pre-S&P price. It’s a downside of index investing for conservative investors,” saidErik Gordon, a professor at the University of Michigan’s Ross School of Business.
Tesla versus Chinese electric vehicle makers
That said, looking at the valuations of Chinese electric vehicle shares including NIO, XPeng, and Li Auto, Tesla’s valuations look much more sombre. In fact, NIO’s valuation premium is over 2x of Tesla based on the NTM (next-12 months) price to sales ratio and the gap is the widest in history.
This, however, does not mean that Tesla is not overvalued at these levels. But then, it’s a share running on dopamine of liquidity which was reinforced when it split share five for one in August. Now, as that boost was dying down, the S&P 500 has given the Elon Musk run company another liquidity boost. For now, its a well-deserved entry into the S&P 500 for Tesla.
Professional roller-skater Nigerian born British Tinuke’s Orbit (aka Tinuke Oyediran), age 27 years has broken the record for most cartwheels on roller skates in one minute with 30 and the most spins on e-skates in one minute with 70 in celebration of Guinness World Records Day 2020.
Polo Avenue, Nigeria’s foremost luxury fashion destination, has received exclusive rights to retail Gucci Ready-to-Wear clothing in Nigeria. Polo Avenue has so far successfully established itself as the gatekeeper for luxury brands in West Africa.
Star Radler premium tasting beer has just unleashed the next best antidote for thirst with its double refreshment offering. The flavoured alcoholic beer unveiled its new look and new red fruit variant this October.
The Ministry of Tourism, Arts and Culture has designed an eligibility form for the 1 billion seed capital released by the Lagos State government in order for interested practitioners to have access to the fund.
While the International Monetary Fund acknowledges the damaging recession effects of Covid-19 in Africa the economic outlook for the continent remains optimistic, as the introduction of technologies brings with it accessibility and exposure to economic and personal finance possibilities.
The Economist Intelligence Unit’s Worldwide Cost of Living (WCOL) index, which this year reports the prices of 138 goods and services in about 130 major cities as at September 2020, has risen by just 0.3 points on average over the past year.
As part of continued efforts to upskill and empower women across underserved communities in Nigeria, Coca-Cola’s women empowerment programme tagged “Catalyst for Change” has seen the graduation of another set of 1000 women from the third tranche of the programme organized in the Ogijo, Ikorodu area of Lagos State.
Coca-Cola Nigeria Limited in partnership with Karis and Eleos Foundation is on a journey to empowering 5,000 women in Nigeria. With over 2,600 women trained and empowered so far, the Ogijo community in Ikorodu was not left out of the success story of the Catalyst for Change programme.
Building on a unique and diverse product portfolio across HDD and flash, Western Digital (NASDAQ: WDC) today announced a suite of new NVMe SSDs for enabling next-generation, data-centric architectures for data centres, industrial IoT, automotive and client applications.
Dangote Sugar released its 9M’20 financial statements showing remarkable growth in both topline and bottom-line figures. The company’s Q3 revenue grew 55% y/y to ₦57.3 billion, translating to a 9M’20 figure of ₦160.5 billion and a growth rate of 37% y/y (Vetiva estimate: ₦145.3 billion).
ABC Transport Plc is planning to inject additional capital of N1.4 billion into its operations. The capital would be raised through right issue and bond from existing shareholders and the open market.
The Nigerian Communications Commission (NCC) has granted approval for two mobile network operators (MNOs), MTN Nigeria and 9Mobile, to carry out trial on the workability of embedded Subscriber Identification Modules (e-SIM) Service in Nigeria.
Boeing (BA) shares are poised to continue their post-vaccine rally on news that the US Federal Aviation Administration (FAA) has finally given the green light for the firm’s 737 MAX model to resume flying.
Boeing shares keep rallying as 737 MAX gets green light from FAA – www.brandspurng.com
Nearly two years have passed since the 737 MAX was first grounded, as two fatal disasters ended up flagging potential design flaws in the aircraft.
Since then, the firm has made significant improvements to the aircraft, including changes made to its navigation software and to the training required to fly the airliner.
The certification approval from the FAA gives Boeing a boost at a moment when it desperately needs a win, as the pandemic crushes demand for new aircraft around the world.
In October, European regulators signed off on the 737 MAX as they were “satisfied with the changes that Boeing has made” to the model, although Chinese regulators – an important geographical revenue stream for Boeing – haven’t made any relevant comments as to the stage at which their reviewal is at.
The 737 MAX – one of the company’s flagship models – is much more fuel-efficient than other models, which would make the plane a preferred choice among carriers while cost-saving measures remain a top priority.
American Airlines has already announced that it plans to deploy its fleet of 737 MAX aircraft by December, while other airlines are advocating to rename the vessel to rescue its reputation as it re-emerges from its post-crash regulatory halt.
Although this green light for the 737 MAX is great news for Boeing (BA), the company is still facing strong headwinds. The Covid pandemic is keeping demand for commercial aircraft at record lows, while there is still some degree of mistrust among the airlines that could weigh on the plane’s recovery.
Industry experts have reacted positively to the latest news, but they have also warned that the current shock in demand is possibly capping future sales for the 737 MAX, as there are currently 387 planes waiting to return to service and another 450 in inventory.
How have Boeing shares performed lately?
Boeing shares have trimmed some of the losses they have seen during the pandemic, although they remain 35% down since the year started.
Positive news on the vaccine front has contributed to lifting the price of Boeing shares lately as investors now expect an uptick in air travel during the first semester of 2021 – although industry associations claim that it will take years to return to pre-pandemic traffic volumes.
Boeing shares closed 3.8% higher yesterday at $210 per share, while they are also surging 6.6% today in pre-market stock trading action on Wall Street as investors respond positively to today’s news related to the MAX.
What’s next for Boeing shares?
Boeing (BA) price chart – 1-day candles view with volume, RSI, and MACD – Source: TradingView
Boeing shares have successfully climbed above a downward price channel that emerged after a failed uptick in June and they have cleared multiple Fibonacci levels in the past few days.
If the stock were to open at the levels seen in pre-market action at the moment it will place itself only 5% away from those June highs, at a valuation of roughly 160 times the firm’s next- twelve-months’ earnings and 78 times the earnings forecasted for its full-year 2021.
Meanwhile, the daily RSI is showing that the stock has just stepped on overbought territory while the MACD has already sent a buy signal and remains on an uptrend.
This bullish sentiment has been accompanied by higher-than-average trading volumes, which means that buyers are showing up to push the stock higher and this increased interest – given the multiple positive catalysts that are supporting the move – is not likely to fade in the following weeks as investors could now see a much clearer path to recovering.
That said, the threat of a prolonged pandemic around the world – which would result in lower demand for air travel for longer than expected – is still a risk factor to take into account.
In this regard, although vaccine news is definitely a cause for optimism, the global distribution of of the vaccines is still a concern, and any delays on that front could result in a sharp reversal for Boeing shares in short order.
Los Angeles Lakers star LeBron James is on his way to topping NBA’s all-time point scoring list. Based on LeBron James’s past performance, he might achieve the milestone in the next few years.
LeBron James can become NBA’s all-time scoring leader by 2023 with 4,147 points away – www.brandspurng.com
Data presented by Safe betting Sites shows that LeBron James is only 4,147 points away from becoming NBA’s all-time points scorer in history. As of November 2020, LeBron James was ranked third with 34,241 points. He is behind the retired Kareem Abdul Jabbar, the all-time highest scorer in history with 38,387 points. In the second spot, there is Karl Malone with 36,928 points.
The research considers LeBron’s past performance and the possible remaining years of professional basketball to determine estimated points, games, and seasons the star needs to potentially become the all-time leading scorer.
The projection
At the age of 35 years old, LeBron James has an average of 25.3 points per game. With LeBron indicating he has no intentions of retiring soon, the player might score 4,147 points required to emerge top in the next three seasons.
Assuming that LeBron James does not lower his average points per game, our research maintains a conservative projection that he needs at least 20 points per game in the 82 plays for the regular season to hit the milestone. Since he started his career at 18-years old, LeBron has not lowered his 20.9 average points per game. If the player maintains the 20 average points per game, he will hit 4,920 points from the 246 cumulative regular season plays in the next three seasons.
Why LeBron James is likely to surpass Kareem’s career points
It is worth mentioning that the projected 20 points per game might be higher. Additionally, the player may not play all the 246 regular-season games due to injuries and illness factors. As highlighted, based on LeBron’s past performance, he might score 4,920 points which is more than the 4,147 needed to emerge top. In this case, the projection is more realistic since there is a possibility of missing out on some games. Furthermore, the research has not put into account possible points from playoff games.
LeBron also stands a good chance of retiring as the NBA all-time leading scorer, having indicated that he will play long as he feels good and will be able to deliver high quality results. Some sports analysts believe the player still has about five more years of active playing.
Notably, as James gets closer to 40 years, the player might not transition smoothly into his secondary career; he remains unstoppable in terms of scoring. Over the recent seasons, LeBron has been improving his 3 point scores, giving him more room to hit the top spot. The player has in the past averaged about 2,000 points per season, meaning it’s only a couple of seasons before he unseats Kareem.
Obstacles standing in LeBron’s way towards NBA history
At this stage in his career, health remains the main reason to slow down LeBron. During the 2018/19 season, LeBron was sidelined by a groin injury and he only played among the least games in a season. However, LeBron is known to take good care of his body to remain a top athlete. He allocates a big chunk of his money to maintain his body to extend his longevity.
LeBron has still had a lot of mileage on his body, with no signs of regression. Although his scoring average is a bit lower than seasons past, he’s still finding ways to help his team win. Currently, LeBron is a top facilitator in NBA history. His versatility has elevated him to one of the dominant scorers in NBA history.
Despite the mouth-watering statistics, LeBron is on record stating that scoring is not on his mind. His goal is to facilitate, rebounding, defending, and to get the blocks. However, at the end of his career, LeBron will have high chances of holding the NBA’s all-time leading scorer in history. James will hold it for long if he achieves the milestone, considering that most players trailing him on the list have retired.
Over the last two decades, football became a massive recession-proof industry generating billions of euros in profit across Europe. However, the COVID-19 pandemic has changed that, facing clubs with significant revenue losses and considerable drops in their A-list players’ valuation.
Combined Market Value of FC Barcelona and Real Madrid Dropped to €1.7B, 23% Less than Two Leading Premier League Clubs – www.brandspurng.com
According to data presented by Safe Betting Sites, the combined market value of Real Madrid and FC Barcelona dropped to €1.7bn in 2020, 23% less than the two most-valuable Premier League clubs.
FC Barcelona Market Value Dropped to €878M, Real Madrid Slipped to Sixth place in Europe
With $4.24 bn and $4bn in brand value, Real Madrid and FC Barcelona ranked as the third and fourth most valuable sports brands worldwide. However, statistics show the team values of the two leading Spanish clubs plunged in 2020.
FC Barcelona topped the list of European football clubs with a $12.28 million average annual player salary in the season 2019/2020. However, the TransferMarkt data showed its team value dropped to €878 million this year, ranking the club in fourth place in Europe, behind Liverpool FC, Manchester City, and Bayern Munich.
Most valuable football teams worldwide in 2020 (in billion euros)
Statistics show half of the FC Barcelona team players witnessed a substantial market value drops this year, with Lionel Messi leading the chart. The famous right-winger valuation plunged by 28% this year, landing at €100 million in October, the third-largest decrease in 2020. The TransferMarkt data also show Messi’s market value has been continuously falling since May 2018, when it peaked at €180 million.
His teammate, Antoine Griezmann, the second most-valuable FC Barcelona player, also witnessed a €40 million loss in 2020, with his market value falling from €120 million in December 2019 to €80 million in October.
With €855 million in market value, Real Madrid slipped to sixth place among the leading European football clubs, behind Paris Saint-Germain. The club’s left-winger Eden Hazard tops the list of the biggest market value drops this year.
In June 2019, while the Belgian footballer played for Chelsea, his market value amounted to €150 million, the highest figure in the career. However, by the end of 2019, this value dropped to €120 million. The year 2020 hasn’t been easy for the famous left-winger, bringing a new significant drop in his market value. Statistics show Eden Hazard was worth €60 million in October, a 50% plunge since the beginning of the year.
Liverpool FC and Manchester City Hit €2.1B in Combined Team Value
Statistics show that Liverpool FC and Manchester City topped the list of the most expensive football teams in 2020, with €2.1bn in their players’ combined market value.
The TransferMarkt data showed the market value of the Liverpool FC team rose to €1.08bn this year, despite substantial drops in the valuation of some of its highest-priced players. Statistics indicate the combined value of Mohamed Salah, Sadio Mané, and Trent Alexander-Arnold, as the three most valuable Liverpool players, plunged by €60 million since the beginning of the year.
Manchester City ranked second among the most valuable football clubs in Europe, with €1.08bn in the combined market value of its players.
Club’s most expensive player and the second most expensive footballer globally, Raheem Sterling, lost €32 million in market valuation this year. In December 2019, the famous left-winger was valued at €160 million. This figure plunged to €128 million in October, a 20% drop in ten months.
The market value of Kevin De Bruyne, Manchester City’s second-most-expensive player, stood at €120 million last month, a €30 million drop since the beginning of the year. Bernardo Silva, the famous right-winger, witnessed a 20% plunge in its market value this year, with the figure falling to €80 million in October.
The members of the Nigerian Stock Exchange (NSE) voted overwhelmingly today at its 59th Annual General Meeting ( AGM), a meeting which is expected to be it’s last as a mutual entity, to support the listing of the Nigerian Exchange Group Plc (NGXG) on the Nigerian Exchange Limited (NGX) once the demutualization of the NSE is completed.
Under the resolution passed by the AGM, subject to the receipt of requisite approvals of relevant regulatory authorities, following the conversion and re-registration of NGXG, the Group is authorized to undertake a listing by the introduction of its shares on NGX. Consequently, the NSE will no longer be wholly owned by its dealing and non-dealing members.
The AGM was convened to consider ordinary and special business as outlined in the widely published notice of the meeting. Some of the other key resolutions unanimously approved at the AGM included:
Audited Financial Statements of The Exchange for the year ended 31 December 2019, and the Reports of the National Council and the Auditors thereon.
Following the conversion and re-registration of The Exchange as Nigerian Exchange Group Plc, the powers of the National Council of the Exchange will be devolved upon the Board of Directors of the Group
The re-election of Otunba Abimbola Ogunbanjo as a Member of the National Council.
Today’s vote clears the way for the listing of NGXG and for a new structure that will enable the Exchange to realise its vision of becoming Africa’s leading exchange hub. NGXG Plc will be expected to realize all the benefits of demutualization for its stakeholders and the capital market at large.
Otunba Abimbola Ogunbanjo, President of the National Council of the Nigerian Stock Exchange, said
”The National Council welcomes the strong endorsement by the members of the Exchange for our listing plans. On behalf of the Council, we wish to thank the Exchange’s management for their outstanding work in the previous year when they have faced unprecedented challenges such as the Coronavirus pandemic. It is a tribute to their efforts that the Exchange has continued to work effectively and at the same time has made significant progress in pursuing its strategic development through the listing and other steps”.
Oscar N. Onyema, NSE CEO, who is the GCEO of NGXG Plc Designate for the new structure, said:
“We would like to thank the membership of the Exchange for their overwhelming support of the listing plans. This marks the beginning of the Exchange’s transformation into a listed company with the flexibility to raise additional equity and/ or debt capital.
It is our aim that under this new structure, the Nigerian capital markets will be able to play a role that is commensurate with Nigeria’s status as Africa’s biggest economy. We believe we can become a financial hub for Africa and with the backing of our stakeholders and their continued use of our services this objective can become a reality.”
You will recall that the NSE’s demutualization was unanimously approved by its members at its court-ordered meeting held in March 2020. The Demutualisation of The Exchange is subject to the approval of the Securities and Exchange Commission, which is expected imminently..
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