₦airaland Forum

emmanuelewumi:
I dey follow VDM, if you see the rate at which Nigerian professionals like lawyers, bankers, accountants etc who sold their houses, land, cars, shares and investments to Japa (Diasporan) dey scam home based Nigerians who can easily raise $10,000 and above in the name of selling Investment opportunities to the home based guys

You go know say, dog dey eat dog Wella.

Hahahahaha it amazes me how easily Naija people fall for these things tbh, them think say no scams for Western part of the world lol. Once one animal just land for MMII like this, show foreign passport they start dropping their money.

Scam dey everywhere, if you know, you know

emmanuelewumi:
I will rather buy the one at Ikoyi,


But wait ooo, since the property already has tenants and the rent can pay the mortgage. Why is the owner selling.


He is either selling at an inflated price, he expects a correction in the real estate market or he has over leveraged himself by taking more than enough loans.


All I know is that real money making opportunities are top kept secrets and no one will invite others to understand their money making secrets.


My opinion though.

I might be wrong


I have been wrong on several occasions

Hahahahahaha this bros always asking real questions

Person is in America but looking for investors in Nigeria smh. Same America where you can get 3-7% loans vs Nigeria where the rates are cutthroat rates.. Scams/Hustling can come from any part of the world

bastardson:
You guyz are rich down here.. Dammnnn

Start with whatever you have, 4-6 years from now you'll be amazed how far you have come. I am speaking from experience, these numbers were crazy to me too 5 years ago, but small small we don dey represent.

Streetinvestor2:
Lol we get one chairman of audio billionaire like that here too.The billionaires I know with real hustle can never be in this kind of place 24/7 when this is supposed to be side hustle. .Abeg na how many zero again dey for billion make I follow japa too

The zeros many .

Me self don tire, by end of this month, I dey remove from this side for a while. Make me self do temporary japa.

Akpaamunsi:
Why una too dey live fake life for nairaland?

Not only on NL oh, it is all over social media. This same country where people have no food to eat, one person said $19B is what big boys use to party. American dollars oooooh not Zimbabwean dollars. All man can do is laugh and keep it moving

nosa2:
I didn't. I looked at the fundamentals and I couldn't believe my eyes. I still can't.

People are saying 60% I'm looking for 400% conservatively

Big man, aside from GT, what other stocks do you currently hold or see value?

Zegra:
THE INITIATES PLC
Full offer

Hahaha maybe he pushed it to full offer or Mr Market smarter than him lol?

Raider76:
Someone has to feed the brokers ...

Was this not what I was hammering a while back? All that headache for 7% return BEFORE broker fees. Watch someone come and say they can perfectly time the market and do this everyday because of a secret AI they have created.

SonofElElyonRet:
Agribusiness company, Ellah Lakes Plc, has revealed that it has notified the Securities and Exchange Commission of an investment by a core investor of the firm.

In an update filed with the Nigerian Exchange Limited, the company disclosed that the fresh capital injection came as part of its fundraising activities.

Earlier in the year, the shareholders of Ellah Lakes approved the plan to raise about N5bn in capital either by private placement or any other equity issuance.

The firm explained, “Following the meeting of the Board of Directors of Ellah Lakes, which was held on 27 March 2024, the company has commenced the process of raising funds via private placement and notified the Securities and Exchange Commission of an investment by a core investor.
Above was carried in punch newspaper of April 2024.
Who is the new core investor?

Six abi seven months later, you are still asking "who is the new investor?" It should be "who WAS the investor" That investor is not new again

Streetinvestor2:
When I say TA is just noise .It only works if you can market what you see to large crowd and they believe you and key to your projections otherwise it sees nothing. Why is all thr TA analysis and projection nothing working now.They will claim it saw what is happening in the market right now.All na Balablu.
The oga of elleh lake is not seeing future in his company with the high cost of palm oil now.Go check the price of palm oil right now you go understand.
MH thread don dey cast.TA too don dey cast
No go use your fund buy fundamental sound stocks paying dividend in situation like this one you go still see cash hold body.They will be marketing stock fish for you in the name of stock pick.They will post rubbish every minute to sell thr market.
You go learn from personal experience very soon.They have all disappeared to appear again once small green begin to show as your best friends

The oga is already cashing out from his car park picture I'll never fall mugu to any of these cowboys! Never!

jonnysessy:


Yet to get the news where dividend was declared. Dangote Sugar that is entangled in FX loses. Had to exit the stock. That is how I will exit all unprofitable stocks (even at a loss) and clean up my portfolio.

This reminds me of when I told Pa Emma then that any company that does not pay a minimum 6% dividend this year is gone, he said most companies will not pay that 6%. I said if they don't, they'll get sold!

Boy! I am happy I stood my ground, the main companies that did not meet this small test were Sugar, Sterling, Maybaker, Lasaco and MTN, they all got sold. It's all numbers, no emotion.

designking:
I pray it opens at ₦401 on Monday. I suspect a slight pull back around that price ₦401. We might not see a full bid (-10% dip) on Monday.

Same boat, buying Aradel on any weakness until I run out of money

emmanuelewumi:
[b][/b]My loans does not require monthly payments, but at least the accumulated interest should be paid at maturity and then you can rollover.
But if you want monthly payments fine, but payments are flexible and does not require a fixed payment.

Eg N10 million at 30% per annum for 6 months, your interest at maturity will be N1.5 million, you can pay the accumulated interest at maturity and rollover for another 6 months

You can also pay down part of the principal

Not requiring monthlies makes a difference. What if you could afford to pay the monthlies from your regular income? How would you approach this?

FYI, the total interest on this loan is ₦500,000 as long as it is paid within 12 months

Streetinvestor2:
This does not look like a good deal oh.i see this in all this loan sharks on the street. The 5% per month is 60% per annum oh.They always market it to salary guys. And any month you default they compound it for the next month as capital then do the 5% interest.

😂😂😂 no senior man. 5% is for the year. I don’t even look at or consider loans over 6% APR.

emmanuelewumi:
The bond gives me regular income for the next 10 years.

Some of the loans can be referred to as bridge loan, assuming you are expecting dividends and coupons of about N10 million in January 2025, and you see a business and an investment opportunity. You can easily borrow against your financial assets and get funds within 48 hours.

At 30% if you pay back the loan in January which is in 2 months time the interest on the loan will be about 5%.

That means the interest on the N10 million will be around 500k.


Meanwhile you used the loan to get eg goods from abroad with a mark up of 50% and above, thereby making a profit of N4.5 million using banks money

Thanks for the response, I have a follow up hypothetical question, if you could borrow ₦10M right now at 5%. With a monthly minimum payment of ₦200k until the loan is paid(within 12 months). How would you invest that ₦10M?

emmanuelewumi:
Kilode, loan at 30% and 42% Keh.

Even me, the highest interest on my loans is 27%.

Oando should be able to negotiate lowers rates na, abi na cowboys dey give the loans to the company ni

Pa Emma, I've seen you suggest to people to invest in bonds at 20%, which makes me believe you hold some of these bonds in your portfolio.

Now to my question, why invest for 20% then turn around and take loans at 27%? Isn't that like hustling backwards? I see a negative spread in this scenario. My understanding is very limited with bonds, that is why I am asking.

KarlTom:
I believe so.
E&Y resigned in July 2022 (around the time of the SoA and delisting issues).
BDO were appointed shortly after...

With OandO, the more you stare the less you see

E&Y? Is it not the same Ernest &Young that resigned as auditors of Super Micro that sent their stock crashing?? Interesting stuff!

GeeKudi:
It can't be the best if there is a delay in price update. There are tons of other platforms with live data as it happens on the floor of the market.

If the data is truly "live" then you are right, but I am skeptical because even NGX website does not provide it

designking:
Can you recommend any good App to track NGX live stock prices... Bamboo is messing with my head.

]


Yochaa is your best bet.... Easy to register and prices are updated every 10 minutes

Buchika:
See what somebody is advertising.
God have mercy on the gullibles.

Hahahahahaha Man must wack

designking:
Aradel might likely hit ₦300...

I bought today at ₦497, I will double down at ₦300

KarlTom:
Go lower...

Bros no be only you, I get one very wealthy uncle like that too. You're not alone, una plenty like that for this country

KarlTom:
We talk about spread and diversification.
Personally, I feel we are all traders (directly or indirectly) with one aim: make money with minimal risk.

I have always said that I do not do TA or FA (and I am not willing to start learning).
I rely more on getting information before it is released to the market.
Once I have info, I go BIG.


Regardless of how we put it, NEWS is what moves the market (reports, board changes, acquisitions etc)

What is good for the goose is not entirely good for the gander o (na manage gander go manage am)

Every mallam to his kettle...

Some people have no morals at all . Imagine making money by cheating and not putting in any work.

Like I said before, this is still Nigeria, where like 80% of the people are crooks and proud of it 🤦🏽‍♂️

designking:
I just bought my first ever Aradel shares now @₦506 per unit. Hopefully when it falls below ₦500, I will buy my major units.

This is how it is done, buy when everyone is selling and running away. I just bought a few shares too, I am hoping it will drop another 6-9% tomorrow for bigger purchase

emmanuelewumi:
Did you care to read the previous auditors comment about the going concern status?

That is the first thing I read before going through the financial.

A lot of information are in that small print, but most of us don't read it

That person just wants to 10-20X their money, they don’t care how it happens 😃. What’s their business with auditors? Eventually, we will all learn

RodgersAkpafu:
They are not a scam
Their system is just......
Somehow

So lemme explain it in simple terms

For every asset on an exchange, there is the bid section (how much people are willing to buy) and the offer section (how much people are willing to sell)

So the highest bid price and the lowest offer price is always not the same
the highest bid price will always be lower than the lowest offer price (well most of the time)

the difference between the two is what we call the "spread" in finance

In some sectors, the spread is very small (eg banking stocks, you often see 50k to N1 gap )
some other industries it is much wider
Because Bamboo operates on the market buy Nd not limit buy/sell, what they do is as below

WHEN U WANT TO BUY SHARES. it will go and pick the offer price available there, which is always higher than the highest bid rate....

WHEN YOU WANNA SELL, it will now go to the bid side and pick the highest possible bid (the available one)
And like I said earlier, the highest bid will almost always be lower than the least offer price

That's why it appears that bamboo is cheating

The limit buy/sell function is mot there yet for some reason best known to them.

Just like when MTN said per second billing wasn't possible back in the day until Glo came in. All of a sudden, that which wasn't possible became possible. Scams come various forms.

Like 2 years ago I raised these concerns here about all these "Fintech" companies. There are good ones with good intentions but majority of get as e be. Yochaa is also a Fintech company, while they also a middle man but theirs is straight forward as long as you know how to set limit orders.

mikeapollo:
And God plays a role in everything we do as humans because He created us!
What is not right is for one to pray without putting in the work!
Pray as if only God would make it happen, and work hard as if only you would make it happen! Then your success will be 100% guaranteed!

You're mocking God by saying he plays a role in the evil humans do smh. God created humans, gave us 100% freewill to do as we please. God does not play a role in anything you do, that's all you bros.

We are here to make money abeg, you people should limit the talk to money

ProphetUtuocha:
Soon folks will realize that which they were excited about is not the anointed one even as the real deal stares them in the face.

Go and open a church and leave us alone abeg 🙄🙄🙄

Earlier today, I took that ₦1M challenge (Although I only committed 650k), and put it all on Fidelity! No idea they were going to drop their results today. Now I'll let the market do it's thing

https://doclib.ngxgroup.com/Financial_NewsDocs/42279_FIDELITY_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

leparj:
Well done UBA.
U ve justified my offloading all my 7 digits holding in FBNH @N31.90 to add more units of UBA @ N23.95/24 to tk my UBA holding to over 3M. It was a total swap. One kobo I didn't take out.
Will even still chop that meagre 40k 2023 FY FBNH dividend (which I qualified for) whenever they are ready to pay it. Thank God for His grace. God is good.

Wow, you mean you have 3M units of UBA? Nice one!

GeeKudi:
You would have been gigling to yourself like a teen if I had supported him.

Women are not objects for sexual fantacies. Besides, this a forum of noble people and the few women here (we are lucky to have them) are not in the wrong place.
Stop being perverts and learn to accord due respect to the women folks.

Ok mr woke

GeeKudi:
Even if you know each other outside of here, this is grossly disrepectful to put in public.

Do you think people can't speak for themselves? Stop taking panadol for another person's headache na.