₦airaland Forum

emmanuelewumi:
Okay.

Not sure if GTB can pay the dividend paid last year.

The lower the better for those leveraging down, which i wont advice now but those with a reasonable average price should hold

Is this just a gut feeling or there are actual numbers to back this?

They better not play with my income

DUNKA:
https://www.nairaland.com/6942244/gt-bank-innoson-dispute-supreme-court#109426366

Hopefully this is the first catalyst GTCO needs to start moving up. The beating has been too much

Krisuba:
Opinions on GTb please, is it wise to pick know Please am responsible for whatever decision I take!!

Bought at N28, N27, N26 and currently still buying… It will probably continue to go down before it goes up, no one knows.

I personally don’t care, the lower it goes, the harder my new Naira deployment work. If you’ve done your research and you’re convinced, just buy and let the market do its thing.

Lovelygbems:
Mortgage bank looking for investors....

Interest of 48% for 16 months

Convert capital to shares at end of duration..


Share in profits yearly....


07067025384...
.....

moneymanager:
Everyone here is a millionaire in naira for sure but millionaires in dollars Mehn am not sure
That’s at least over 500 mil naira cash asset/investments (not asset that one cannot evaluate)

If you have that kind of money. You will be waking and sleeping with NYSE ringing bell and your fund manager will be your only phone contact
You my friend are no dollar millionaire
At that level the reasoning and argument is different if you have time to argue at all

Tax reduction and money doubling in the shortest amount of time will be your greatest priorities

Just so you know, there is a Naira billionaire here, I know am personally! Heavy weights full this place, no let silence deceive you bros. Happy New Year

PETERiCHY:
SHARPEN your CUTLASS for SANTA CLAUS RALLY

Venue = NSE

Date = 23rd & 24th Dec 2021

Time = 9.30am to 12pm

BARGAIN HUNTERS TAKE NOTE!

This bros! I hope you're right oh

locodemy:
Dividend hunters around the corner.All dividend paying stocks must be battered this period to pave way for good dividend yield.

Buy when you begin see volume spike

For me this period, any money wey I get like this, na dividend stocks! No enjoyment for now

Why is this place quiet? Why is no one posting what they're buying? Do we only hear about your successes when the market is green? Please post what you're buying and possibly reasons for buying. Market don show me shege, the only way around it now is to buy more

emmanuelewumi:
So what is the average returns on investment when you use such loans

I once made 15% return within 3 months of taking a 0% loan. I went ahead and just paid it off instead of waiting till the end of the offer period.

Patiently waiting and hoping for Covid sell off again like March of 2020.

Jerekre:
The low rates, from where did you get it?

Na foreign loan bros. I be global citizen, so once in a while I get offered between 0%-4% loans.. I am currently sitting on one of those 0% loans right now, just haven't signed the papers yet because nothing really attractive atm.

emmanuelewumi:
Investment One has something similar through their finance house, that is Orange One Finance.

Interest rate is 24%, processing and management fees is 2%.

So FSDH at a total of 22% is better, the rates can be negotiated based on the size of your loan.

United Capital is about 16%, but they only accept their Fixed income Fund, Eurobond Fund and Money Market Funds as collateral, shares are not acceptable

24% apr Loan���. IMO, that’s suicide, maybe it’s because I’ve been spoiled with very low rates

edoman2016:
Seriously, 13.5% investment returns for a whole year? Inflation rate is currently 16.63% in Nigeria. fixed income investment like bond, mutual funds etc can't make you guys rich.

Take risks. Start a business and grow it or invest in startup business with long term potentials.

Bros can you tell us a business with 14%+ return? I am always looking for ways to increase .

When I started building my portfolio in 2019, I told a friend about it and explained to him how we both can start and encourage ourselves to keep investing. Showed him my spreadsheet, my conservative 12% annual return he said no way! His excuse was inflation this, inflation that. He told me about His plan to buy bikes for delivery, as returns were in the 40-60% return. I said that's impressive but I want a plan that allows me to SLEEP WELL AT NIGHT!

Fast forward 18 months later, I am up almost 38-40% when dividends are factored in. He is out 1 bike and the goods the bike was supposed to deliver and sold the second bike at a loss. My portfolio is growing every month because I am accustomed to adding funds every month.

No be everybody fit do business, no be everybody get that huge amount to sink into starting a business and doing business in Nigeria today comes with extreme risk.

13% annually for someone with N1M to invest is not the same with someone with N50M to invest. Some people only need N3M annually to live comfortably, while some need N100M, Everyone's situation is different

emmanuelewumi:
What is the duration of the loan?


What are your repayment strategies, capital appreciation, salary or Investment income?

Duration? About 15-18 months

Payment Strategy? Salary

Mpeace:
Wapco dividend just landed. I noticed they didnt even bother to take witholding tax. Good

I think they will debit your account later. That's what happened with me earlier this year

This market dey flog everybody this past couple of weeks. Anyways, the small WAPCO dividend wey drop I use am buy more GTCO.... I Pray GT & Zenith hit N20. I ready to take N5M loan to secure that future cashflow

austinkenneth:
Wetin dey happen for Seplat? One Oyibo don resign for personal reasons.

Is it related to the Debt issues with Zenith bank. Make my money wey I invest there no develop wings ooo. This one wey Oyibo don dey resign.

I like the focus on MTN, I was sold with their report after they became public. Debt is not really a major issue as long as it is well structured. Some of these foreign corporate debts are long term debts. 5-20 years at very cheap rates in the region of 4 - 7% per year. I'd be interested in knowing how MTN debts are structured. MTN is currently 10% of my portfolio, I do not plan to buy more and will milk the fast growing dividends forever

Someone even said the reason they don't trust MTN is because it is being run by foreigners lol.... Are companies run by Nigerians any better?

siofra:
I'm a beginner here. Been following for a while.

Is it more profitable to trade US stocks or Nigerian stocks?

Please what is the disadvantage and advantage?

If you have direct access to US stocks I say invest most of your money in $$$ and maybe 10% in NSE for future flexing whenever you go Naija.

If not, then it depends on your exchange rate.... I heard the rates being peddled by some of these fintech companies is borderline Benin/Ore expressway robbery.... Like they charge N600/$ when you're buying and when you sell and want to cashout they offer less than N450/$.... I guess it makes sense if you never plan to sell. You also have to consider other risks like middleman business. Stocks purchased are most likely not purchased in your name, so if one CEO decide to chop people money, it is a possibility.

Capitas7:
No be small at all!
Do we expect more dips in Dangote sugar?
I bought very few units yesterday, with the small change I had left.
I would not mind borrowing from family funds to buy more at any opportunity, but identifying that opportunity (low of lows) is the main issue here. Make person no go catch falling knife.

Bro, don't borrow money to invest oh! I invest money I can survive without for the future cashflow.

I sleep well at night knowing the likes of GT, Zenith, MTN, Dangote, Stanbic, UCAP, UBA etc all combine to pay me N50,000 every month regardless of what the market does. The ultimate goal is to eventually get that monthly payment to N300k in a few years

The slaughtering this week no be here! And man don broke, no money to buy more

yMcy56:
That's why sometimes, my opinion always differ from the analysis here....
Mr. Market will always do what Mr. Market will do irrespective of some opinions here.............
Not totally saying they may not be right......but I use it to gauge some actions and inactions sometimes and follow my mind where convinced.

For instance, same NGX that someone is waiting for @10 still closed without shedding price and, with more bids than offers........just siting an instance....

Think the best bet is to have a strategy in place. Not neglecting time to time review of the Coy's stand.
If I'd panicked, would have sold at loss but just zeroed my mind to either average down if it bottoms or just leave it.

Keep up the good work Sist!

A post here stopped me from buying more WAPCO when it dropped considerable to around N21 in June. I had the money and I had already planned to pour it all on WAPCO because I didn't own enough but due to sentiments here I ruled out WAPCO. The decision also ruled out the recently announced N1 interim dividend and the huge appreciation. I learned something from that though, focus on the Company and its long term goals, not the short term volatility of the stock.

Willie2015:
Dangote Sugar Result not lookin nice..
Just got to bail out...

I just bought more Dangote Sugar today, as long as they keep increasing their dividends, I am going to keep buying

nicerod:
Sorry this is my other account wants to reply someone else


It's 30% rental income

my guy don move him goal post lol..... Bros abeg enjoy your 30% in peace, leave us 12% chasers alone

austine4real:
Minimum of N1.5 million per annum

����� measly 3-6% annual return and the fighting with tenant to get paid your rent.

With 33,000,000, you’ll get almost 4,000,000 in dividends alone and that’s not including capital appreciation. On this thread, you’re dealing with people who know how to get the best out of their money. Stop wasting your time

Capitas7:
Good day everyone. I have been thinking about United capital and what their dividend payout might be for FY2021. I was at some point thinking that I should sell about 20-30% of my UCAP shares (currently on a profit of approximately 120%) for re-investment in another company as a plan to avoid a shocking P/E or dividend yield. I am looking at Dangote sugar (which I once had) , but would appreciate anyone's opinion/suggestion.

So my concerns are:
1. Is it is worth selling my so-far-reliable (dividend-wise) UCAP?
2. Is Dangote sugar still a good value stock, and which of DANGSUG and UCAP promised a nicer dividend yield for the FY2021?

NB: I am a value investor, and would gladly do my DD on any recommended alternatives.
Your inputs will be greatly appreciated.

When did you start investing in UCAP? My strategy has always been if a stock runs up too fast, I am selling! If this 120% profit happened within a year, I would sell some and deploy the returns elsewhere. If you've been a holder for 2+ years I'd say hold on to your shares and look for more capital to deploy in Dangote sugar.

I am currently in the process of going in heavy on dangote sugar myself, I see value in it. Last year, they upped their dividend payment by around 50%! If they can continue with that or even 20% increment for the next 5 years, my Naija retirement don sure be that

ojeysky:
Looks like everything is back to square 1 with the banks

Any time there is small green like the past week, this place is unusually bubbly. Hopefully all the noise will die down from today and market stays down. I like to see depressed prices, I want to keep accumulating until that dividend income is at N4M/year.

Godisfaithful:
$1,000 in Naira investment in January 2021 is now $542 when you want to convert it back to $$$$. Know this and know peace!

Why would you want it back in $$ though? A smart person keeps 2 accounts. Dollar account and Naira account, that's what I do. Last time I checked, bills in Naija is still being paid in Naira.

akinola98:
Same … not credited yet too
Could it be my bank delaying the credit reflection on my bank account ?…. not sure …. will wait patiently till tomorrow

Haven't received mine either

samguru:
Oga,

Serious bull will not return to our NSE until this dollar issue is resolved.

I actually prefer the market to stay this low for now or even go lower self, I am seriously accumulating.

posty56:
one dollar is now #575 but I thought aboki fx and fintech are the cause of this free fall according to some expert here , bunch of clowns, you see eh by the time December go reach 1 dollar will be equal to #1000,keep supporting our clueless government you hear? continue.

Will a mod delete all these BS? Everyday dollar dollar. Una no Dey tire?

STNWAUME:
Stop comparing orange with Apple.

Bank of America had faith in their local currency and kept their Reserve in USD.

Since CBN claim to have faith in Naira why should they keep their Reserve in USD and expect Nigerians to keep theirs in Naira.

This is the same sentiment with an average American though. Average American hates the Fed and their unlimited dollar printing. Look on the internet you’ll find lots of memes with Fed chairman Jerome Powell with a printer �. With all that, Americans are not converting their $$$ to Euros, Yen or Yuan. Instead they have resorted to buying gold, silver and even Bitcoin.

Again, I’ll admit I am not an expert but I speak from experience and what I see. Doesn’t matter how much tantrum you throw here, CBN will do whatever they think will strengthen the Naira. The #1 Naira killer is the addiction, you have Nigerians with bank accounts in hundreds of thousands and some,!millions of $$$ and they’re not really using this $$$, they’re just hoarding it for no reason.

OBAGADAFFI:
Na this is dangerous.

You’re probably right but I don’t see Bank if America, Chase, Wellsfargo or Citi offering accounts in different currencies in America. You can buy any currency from them but you can’t operate an account with a different currency.

I am not an expert in this topic, but the addiction to $$$ in Nigeria cannot be good for the economy.

OBAGADAFFI:
Fake check the date

Maybe the plan is to release it on Monday? This could be a leak. I am all for CBN doing anything to wean Nigerians off of this dollar addiction!