₦airaland Forum

dasparrow: To be honest with you, kobojunkie is saying the truth though. I live in the states and it was announced on the news that the USA is facing the worst drought in 25 years. They even joked that people should start doing the 'rain dance' or pray for rain to fall because if we don't get enough rain soon, we in the states should expect an increase in food prices. So, na so we see am o! We are living in difficult times and it has nothing to do with being pessimistic or optimistic. It is about being REALISTIC bros.

Kobojunkie: Una never start. The recent drought in the US and parts of the world is yet to hit you all.

playboy19: Absolutely right. But that is in the US of A. The probability of that happening in Nigeria is so slim you need microscope to find it. The reason;

1. As reported, 90-95% start ups in Nigerian dont last 10 years

2. The "C" word, sir. Corruption. Try and open a pure water retail store (not manufacturing, just retail) and have someone manage it for you for a year and see if you'd have a balanced sheet.

3. Long term investment is not good for Nigerian youth, reason? The elders leave no space for you. Try buying into Nigerian brewery and see how that goes, even the NNPC we are talking about see how it'll go.

Sir, let's face reality and not some speculations. I'm in no way a pessimist but a realist base on experience. I'm not a failure in any of my businesses, infact, i'm a envy of my peer. But, the earlier we understand how Nigerian setting works and stop comparing our setting with the western world, the better for us all. Nigeria cares more about perception than reality, so you must try and get yourself up first before thinking of trying to dine with the rich. Invest in something within your reach. Get yourself ready for the dinning challenge.

In summary, i believe the NNPC stock wont get to us all, it's strictly for "Them".

playboy19: Sir, do you live in that country, Nigeria? Have you ever invested $10,000 and above in that country? If you answer yes to either of these questions, then you are risk taker.

In business, it is not just about taking any risk, it is about taking a well calculated risk. I have alot of investment in that country and i spend most of my time in the country. And please, you guys should stop citing Dangote (though, i admire his success) as a good example when talking about risk taking. He had it way easier.

He was handed N500,000 start up fund in the year when a brand new Peugeot 504 was the best in the country and cost N4,000 only. Some people would say "JUST" N500,000 but what they forgot is that, that amount was huge way back then. How many 504 will you buy in N500,000 @ the rate of N4k each, thats like 125 brand new Peugeot 504. So invariably, he had an investment capital that could have started a big Peugeot 504 Dealship that woulda have had not less 150 brand new 504s in show room, so try and picture how big that is. That was what he got as his seed funds. And not to forget the confidence that comes with having a step/father that could come to your rescue if ever you fail.

Now back to the present situation of things, you can't even get Venture capitalists to hear you out this day, lest the banks. Even if you are ever lucky to get a loan from the bank, the interest rate rises at anytime, and there's nothing you can do about it. So taking risk in business in Nigeria is just way difficult than how it is written in different books, you wont understand it until you're really into it.

Now what am i trying to say? Don't ever invest in anything you can't monitor or have a say in. In Wall Street, there is this common saying among the brokers that they will never say to your face; INVESTORS DONT MAKE MONEY, TRADERS Do! So think it 10 times before investing is shiits like NNPC, it may sound good on the surface but deep down, you might be heading for a big doom. How does gold minning sound to you? Great right?...lol Whitaker Wright, sound familiar? I doubt.

deandavid: what are u guys even talking abt, these politicians, are they not your fathers, mothers, brothers, sisters and indeed nigerians like me and u, u guys will sit wit ur cmputers, typing negatives and do nothing it. Na only negative tins dy una mind abt dis country sef. U c a reasnable idea, u've already use ur mouth to spoil. Make una go die jor. As 4 me, i go buy the share.

playboy19: He prolly must have forgotten that some of us actually work so hard to make our money.

@billant, it is More important to keep what you already have, than making more. One of the easiest things in this our world is loosing your money and going broke. I doubt you have ever experience the sting of PAIN that comes with that.

playboy19: Please be my guest. Call me anything you like, long as i still have my guap in my pocket. And first let me tell what i always tell my friends about investment; Not all opportunities are GOLDEN! And to answer your your question. If i'm getting to buy the "Controlling Interest" ofcourse i wont hesitate. If i'm buying in to have an opportunity to sit on the board, sure i will but anything short of that, i wont and please call me dummb, i like it when you do that.

Afolabs101: A company can allocate all or part of their offering to potential investors chosen by them. The bill says NNPC will sell 30% to Nigerians, that may be three Nigerians or three hundred. It is at NNPC's discretion.

You can not call people stupid for being skeptical, we were told of a N2 trillion fraud last year that primarily involves NNPC. Do you think there is suddenly going to be transparency?

Afolabs101: A company can allocate all or part of their offering to potential investors chosen by them. The bill says NNPC will sell 30% to Nigerians, that may be three Nigerians or three hundred. It is at NNPC's discretion.

You can not call people stupid for being skeptical, we were told of a N2 trillion fraud last year that primarily involves NNPC. Do you think there is suddenly going to be transparency?

playboy19: Excuse moi sir, which planet are you from? Well, i believe as a shrewd investor, you must first do a thorough dissection of the company you're investing in, then next is to calculate your risk (Risk Assesment), then next is determine for how long you want to hold on to your investment... Please, it will be kind of you if you could do us all the favor of publishing NNPC's success profile and why it is wise to invest in them in terms of risk?

I believe it'd be utterly dummb of anyone to invest in any company just because of the name, NNPC in this case. Please list out the names of the Directors and their credibility and then the company's balance sheet (Shiit), if you have access to that. That way, we'd all be able to judge who is being stup[i]i[/i]d here.

U.Cyril:
Pls imo,abia and anambra state which one get oil pass? And how many oil well dey anambra state.

U.Cyril:
Pls imo,abia and anambra state which one get oil pass? And how many oil well dey anambra state.

billante: Cinema business in Nigeria is about to experience a quantum leap as cinema specialist, Kene Mkparu, MD and founder of Filmhouse announces plans to open four cinema in Nigeria.
The favoured cities that will experience the cinema touch from Filmhouse are Surulere in Lagos , Ibadan, Asaba and Calabar. The launch of the four cinemas is a first step in Filmhouse's plan to have 25 cinemas in six years.

According to Mrs Ade Mogaji, a former employee at United Kingdom's biggest cinema who recently joined Filmhouse, "Filmhouse Surulere is at The Leisure mall, Adeniran Ogunsanya street, Surulere, Lagos. Its features include Digital 3D, iScream cafe brand, soul food brand, luxury seating and surround sound. The Marina Resort cinema is a Filmhouse partner cinema with the Cross River State Tourism Bureau. This will be the first cinema in Calabar and its exquisitely sited sea-view cinema with an iScream café view of the Marina, soul food, luxury seating and surround sound. Filmhouse Ibadan is the show piece of The Heritage mall, Cocoa place, Dugbe, Ibadan (first cinema in Ibadan) with iScream café, soul food brands, luxury seating and surround sound. Filmhouse Asaba 1st Avenue is on Okpanam road, part of a mix-use leisure shopping mall(first in Asaba) and is a full Gold class VVIP cinema with automatic reclining five star seats (as if in a first class cabin on a plane), Gold class lounge, iScream café, soul food brands, Digital 3D, luxury seating and surround sound"

In a statement signed by Bigsam Media, Mr. Kene Mparu, the Chief Executive Officer of Filmhouse and a well-known name in the industry explains that Filmhouse is out to set standards for others to follow. He said, "what we created a few years ago was only a prelude. Filmhouse Cinemas is now about to raise the bar and set new standards for modern cinemas in Nigeria. Surulere, Calabar, Ibadan and Asaba will never be the same again."

In the persuasive enthusiastic spirit that envelops the Filmhouse team, Mrs Ozy Sammie-Okposo, HR Manager, explained that "Filmhouse management and development teams have over 100 years combined experience in cinema operations and cinema design & build, gained from the United Kingdom, Spain, Italy, USA, Nigeria. This experience stands us heads and shoulders above any other cinema operator in Nigeria.
Supporting her, Mr Kene Okwusa, Deputy Managing Director of Filmhouse believes that "there is enough space in Nigeria today for many cinema players. After all there're over 150 million potential cinemagoers to satisfy. Nevertheless, we're setting new standards that our competitors can only attempt in vain to follow. Our cinema guests will not only experience the difference, they will experience that the difference is clear.
Filmhouse is a beneficiary of Bank of Industry's $200 million US Dollars Creative and Entertainment Industry Intervention Fund.



http://goodfairyxoxo..com/2012/06/filmhouse-to-open-four-cinemas-accross.html