₦airaland Forum

Amujale:
Thats just a pure nonsense. You have no idea what you are on about.

I have many pals that are Rastafarian and they consider Haile Selassie as their spiritual leader, they dont believe hes God.

I am not a Rastafarian, yet i acknowledge their African credentials and how they use it to uplift and defend themselves from Eurocentric and Asian rhetoric.

You are speaking out of point. How is this trash you vomitted above related to the question of where Rastafarianism originated?
Rastafarianism started in Jamaica by Jamaicans and not in Ethiopia.

Amujale:
Everyone know that Rastafarian is associated with Jamaica, yet they themselves trace their Rastafari to Ethiopia.

Rastafarianism is the belief in and the worship of Emperor Haile Selassie as God not by Ethiopians but by Jamaicans, hence it started in Jamaica.
Haile Selassie himself rejected and publicly denounced the Rastafarian movement for defying him, and he made it clear that himself was a Christian who believed in Christ.

Valueinvestor:
Sir probably you picked these stocks when they were not really depressed (at or very close to their 52 wk low), at this point the vulnerability of these stocks are very low.. That would have given you a very good margin of safety. Creating a scenario, For instance picking a stock like zenithbank at 19-20,would hardly bring in a loss by its year end, even if it goes lower to 15. and zenithbank eventually pays #2.00(very unlikely going by the dividend history), the stock will still climb up to a safe level. Same goes for other good dividend paying stocks. Nevertheless a trader's instinct while investing on a long term wouldn't be a bad idea (considering the kind of clime we find ourselves - Any stock misbehaving, should be shown the way out of your portfolio irrespective of the initial plan/purpose.

Words on diamond... not even marble.

Coolcash1:
Talk about continuity and stability...

Yeah!

dipoolowoo:
Buhari Retains Emefiele as CBN Governor
https://businesspost.ng/2019/05/09/buhari-retains-emefiele-as-cbn-governor/

Very good news. Wish Charles Soludo's tenure had been similarly extended.

chrisxxx:
Saraki and some good heads came together to put what would have given us a chance on good electoral law reforms. But the zombies feared that their master will be the first victim of a credible system kicked against it.

Saraki's reform would have actually complicated matters.
One of the lines of his ammendment makes it non-mandatory for results to be counted and announced right at the pollen unit before onward transmission to INEC office as against the current law which says otherwise.

Secondly, a part of the Electoral Act says overvoting can only be established if the total number of votes cast in a pollen unit exceeds the total number of registered voters when in actual fact it should be when the votes cast exceed the acredited voters. For instance if there are 10 registered voters in a unit, and on voting day 5 come out for accreditation and go back home first to later come and vote as is the usual pattern, and at the end of voting 7 votes are counted; this situation according to the present electoral act can't be said to be a case of overvoting since the 7 votes recorded does not exceed the 10 names in the voters register. Does that make sense at all? But ironically Saraki's "reform" did not address this and many similar lacunae. So why wouldn't Buhari reject it?

HBLAW:
Una go need lik extra 90 year to meet up wit lagos

We go soon catch up with Lagos. Just watch out.

GrabHisBalls:
LOL. Funny peeps. I hope you'll get there some day. That is my prayer for Nigeria sha. As for your last statement, UNIBEN isn't owned by Edo State Government, so give me a break.

UNIBEN was actually established by the Bendel State Government headed by an Edo man. It was only later taken over by the FG unlike UNIPORT which was established by the FG for your people.

GrabHisBalls:
Suit yourself with whatever you want to say that may make you feel better.

If I should drag on this issue further, you may dislike me. Have a nice day.

If you think you will be disliked by engaging in a debate, then it might just mean you are not going to base your stance on valid facts.

GrabHisBalls:
Eyah! That you think I'm from the South Eastern part is laughable. I'm not in a tribal war with you. I was merely stating facts and observation 'cause I felt the government; past or present has a lot to do.

That said, I am from Rivers State. There's no point in having bad blood if you won't see my point. Have a nice day.

In your Rivers State, nearly all the industries were built by the FG courtesy of oil exploration. So it is not as if your state is an outlier in industrilization.
Moreover, Rivers is among the top three states in the nationwide unemployment statistics recently released by the NBS.

GrabHisBalls:
Those mediocre jobs? Seems you people love suffering.

Mediocre jobs you call them? So employing persons to widen the tax dragnet with the purview to generating enough revenue meant to be used in creating the right environment for investment in the state is a mediocre offer and love of suffering?
I hope you know that the duty of government in a capitalist society is not to embark on building industries directly but to create the enabling environment.

GrabHisBalls:
Should I now celebrate Obaseki when I'm not seeing the evidence of his job creation?

You mean you don't see the EDSTMA officials on your roads, you don't see the revenue officials working in every LGA, the SEEFOR employees, etc?

GrabHisBalls:
Yes, unemployment is a general thing in Nigeria, but do you believe that it's worse in some states? That's my point. There are no jobs. There are no industries to at least absorb half of the youths in the state. Why don't you quit being emotional and tell yourself the truth.

Wonder why most of them are either thinking of crossing the desert or see yahoo as escape out of poverty? Seriously, telling yourself the truth will go a long way to get you understand the state of things. Too bad!

What that guy is trying to pass across to you is that since inception, the Obaseki Government has created jobs that visibly took a lot of youths off the streets in Edo State. This is a fact which even the opposition party's supporters have been attesting to. He is not telling you that Edo has become an Eldorado of job opportunities.

Akanbiedu:
Don't be sure, results could have been written in his favour.

I doubt if results were really written for anyone in the 1999 elections.
Recall then that his previous loss to Oyegun both at the polls and tribunal in 1992 made people feel pity for him and assumed that he would do well to justify that chance given him.

Donmedra:
I'm PDP but amen o amen, Edo state will never witnessed backward leadership ever again.

If igbenedion did half of what was expected, we would have been alot better now, it did absolutely nothing, he destroyed the available companies and he and his allies looted the state dry.

Thank God for oshiomole, if not Edo state would have been competing with yobe in backwardness

Very correct @ the bolded. In fact if Lucky had done just a tenth of the little Oshiomhole did, we would not have even thought of experimenting with another party in 2007.

Benekruku:
I hope they have settled with Edo witches before they use thunder to destroy the site

No worry. This one no be individual's achievement wey dey attract envy from family witches. But I hear say na for afternoon winch for your state (Delta) dey waka o.

UAE123:
Its 1st term was really good when compared to the 2nd term but all in all Edo state has been bless by God with good leaders except the regime of Lucky Igbinedion that last vision, purpose & development

May Edo never have the likes of Lucky Igbinedion in Osadebey House again. His regime took the state back by over 30 years. Though I still see his monumental failure as the fault of Edo electorate who voted for him in 1999 despite he campaigned with nothing meaningful as compared with Lucky Imasuen who offered a sound and compelling manifesto.

Edodefender:
We are aiming for the largest GDP and igr in the country before 2030

And it shall come to pass. Let's just pray that Obaseki's successor is a good administrator and a very shrewd economist like him.

austinkenneth:
June 11 2004:
NSE All share index: 29,033


15 years after--->


Yesterday, May 7 2019:
NSE All share index: 29,096


Gain for average long-termer: 2.2% over 10 years



Some times we need to dey ask ourselves the question: Wetin We gain?

That is if the long termist is even lucky that the company he invested in didn't end up polarized/nationalized thereby losing both the 2.2% profit and his capital.

AdolfHitlerxXx:


Keep quiet if you have nothing reasonable to say.

TELL magazine and The News carried the results of the asset declaration exercise of the Governors in 2003 if i remember rightly.

Yar'adua was the "poorest" with 900 Million naira worth.

Bukola Saraki was richest with...can't remember the exact figures.

Where did a non-corrupt lecturer get 900 million? Business? What sort of business?.

Thanks for this reminder.
You should understand that the typical Nigerian is a shallow minded and short memoried sychophant hence the mess we are in today.

PharmAlfred:
Since the good ones no gree pay, make I kuku begin look for the bad ones. I might be lucky.

Laugh wan ke me o.

Yayira:
My brother!! No be even today e get center parting..!

Na so we see am o.

edwardaigb:
One of the funniest joke this year, thank God you no end up for Igbobi.

Thanks for the care. How would I have explained it if it had ended that way? With how I later got out of UNIONDAC I came to understand that the race is not really for the swift neither is the battle really for the mighty.

STOjo:
So with all this experience. What do you think about NSE. Does it worth 100% dedication?
Have you lost or gain more in your years of trading and investing?

Thank you.

Thank you for this interesting question. Before I answer it, permit me to narrate the story a little further so as to serve as a clearer premise to my answer.
What really attracted me to UNIONDAC were
1. Its prospective FA which I read on Stockwatch and were quite factual and compelling.
2. Professional Sentiments as in the fact that I am of the medical field hence I felt some professional solidarity and sympathy for the company.
After successfully subscribing for the UNIONDAC private placement, I went back home singing and dancing not knowing that it was just a flash in the pan.
Few weeks later, CHAMS private placement followed but I didn't get to hear about it until the very closing day hence I couldn't buy. This pained me to the bone not knowing that I actually escaped a trap. But here I am today with the same CHAMS having given me over 150% within less than four weeks that I bought it for the first time ever, while UNIONDAC captured me only to release me after 11 years by selling it for N0.39 when the Dollar had risen to N360 against the Naira despite buying at a weighted average of N1.20 at a time the Dollar was just N150.
If anything happens to really take CHAMS to N1.20 as being sentimentally speculated, then I will have successfully evened out on all the school fees I have ever paid since I started stock investment in 2004.
Now my overview based on all my experiences:

1. No stock is worth falling in love with for any reason whatsoever on earth as long as it is not your father's company.

2. Long term investment philosophy on NSE is pure suicide mission.

3. Take any momentary profit opportunity that falls on any stock in your portfolio regardless of how tiny the percentage is as long as it bellies your stockbroker's commission. Compared with staying on a stock for months and years hunting dividends, this practice actually gives you far more profit within a shorter time as it is a path of compound interest.

4. There is no particular winning formula on NSE. There might be such on NASDAQ, Daw Jones, etc; but not on NSE at least for now.

5. Never rely too much on FA except foreing investors are fully present on NSE.

6. Play the game as you see it being played rather than as you think it should be ideally played. While a commitment to ideals is good, unfortunately reality is not dictated by it.

7. Then most importantly, always be on the lookout for the next news of takeover of an ailing company on NSE, buy the stock, but never let the euphoria of the appreciation that follows make you buy a mattress for it.

STNWAUME:
CASE STUDY.
In 2008 Union Diagnostic
IPO price was N3:00k
Private placement was N1:75k
Current price 23kobo.

BOTTOM LINE.
Nigeria management can't be trusted.

Exactly.
Private Placement price was even N1.85
I just smile each time I recall how, in an attempt to beat traffic gridlock so as not to miss that private placement on the very closing day, I took a bike from Mushin headed for Intercontinental Bank in Tejuosho and instructed the bike man to move with the kind of speed he had never attempted since he started okada business. No be today nyash dey for back for stock investment matter for Nigeria o.

Willie2015:
Never a fan of UBA ...
Even at the height of mkt rally...
To even move na prayer and fasting...
Just look at FBN with all their Non performing loans saga..
Still holding up...

Abeg no take laugh send person go mortuary o.

ndidigood:
e go ever move?
12 years on

The best way to cure ones trauma from such stocks is to, in one's mind, relegate them to legacies to be inherited by one's children or even grandchildren. If however an opportunity later comes to bail out, then it will be a plus.
I loaded UNIONDAC during the 2007 Private placement and loaded more at N0.75 in 2009 thinking I would make a kill I the medium term. When it all turned out to be a false hope and couldn't even sell, I survived the trauma by conceding it as an investment for my young children until the opportunity came last year July to get out at N0.39.

PharmAlfred:
Courtville is the new bride. Which bad company can I buy now for a possible 50percent price appreciation?

So you too have started flirting with abracadabra stocks? Hmmmm.

MetaPhysical:
Deadlytruth, since 1999 that Ive followed political progress in Nigeria Yaradua's government is one that I didnt quite glue my interest to, partly because I was nursing some other interest at the time as well that I had become addicted to the Obasanjo political drama and the air of that enertaining period was sucked out when Yaradua became president. I am able to catch up reading your posts here now. Thanks for the refresher.

You are welcome.
Yaradua's administration lasted for just 2.5 years but despite he was sick all through it, he recorded some of the worst policies and tyrannical executive actions. I wonder how much more terrible he would have been if he had spent a longer time with good health on his side.
Those describing him as intelligent and a religious moderate are the biggest clowns. A supposedly intelligent leader who never visited any of the advanced and prosperous countries to seek economic partnership but kept on visiting countries we were better than like Sudan, Mozambique, Tanzania, et al to seek such partnership. A religious moderate who signed Sharia into law in open and brazen disregard for the secularity of Nigeria clearly spelt out in the constiution.
Well, I understand that it is customary not to speak ill of the dead in Nigerian cultures hence the posthumous beatification of Yaradua despite his glaring misrule.

Btruth:
.....his truthfulness in handling the Niger Delta crisis, his faithfulness on the fuel prices promising that it won't be higher than N65 per liter rather it will be reduced. On appointments of technocrats into the rightful position in his cabinets rather than all these mouthy ministers that we have littering around like leeches. Anyway, I think his 2+ in office is much better than others wasted years in office, including that of 8 years of Obasanjo.

As per the Niger Delta crisis; he wasn't any way truthful. He initially ordered JTF to invade the Niger Delta but only bought into amnesty as an afterthought when the militants retaliated by blowing up oil facilities to such an extent that within two weeks Nigeria's crude oil export capacity reduced by a whooping 75%. The only truthful handling of the Niger Delta issue forever remains an implementation of Ken Saro Wiwa's demand. Only Nigerians and specifically non-Niger Deltans who revel in contingency approach to national challenges would give Yaradua credit for amnesty offer which has increased laziness and sense of entitlement in the Niger Delta.

He only removed the N5 VAT which OBASANJO imposed on the eve of his departure. Any promise to reduce cost of fuel without a corresponding explanation of how local refining capacity will be boosted is just a fluke. Did Yaradua even make any declarative commitment to repair of refineries let alone implement same? Rather he even halted the planned privatization of the refineries...a move that would have made fuel scarcity history by now.

Obasanjo's administration had more technocrats than Yaradua's but that didn't make any fundamental impact as he himself as the head was rotten and stinking. So it is not about just having technocrats but allowing their counsels really guide your policies. Yaradua failed woefully on this. His overulling of Soludo's Redenomination proposal stands as a glaring example.

Judging by how beautifully Jonathan started, if circumstances had truncated his presidency after two years, we would have by now assumed he was the Messiah we missed.
Lastly, Yaradua signed Shariah into Law in Katsina State despite being fully aware of Nigeria's secularity as clearly spelt out in the constiution. That put him across as a religious bigot.Here is the link to that.
http://news.bbc.co.uk/2/hi/africa/860660.stm

Mullahalways2:
No, man is ever perfect. Yaradua recognized the Niger Delta as the golden goose. He implemented measures to pacify aggrieved people from the region. He repeatedly, made effort to make the N/Delta feel included in its own resources. Once, again, he's a human and must have made several mistakes. However, compared to the fools after and before him, he's a saint.

If we are to base it on the parameters you listed above, then Jonathan was far better than him because he made more money available to the Niger Deltans in the form of gifts, pipeline protection contracts, etc which mirrored a greater commitment to seeing that Niger Deltans are included in their resources at least by your ugly standards.
As far as the inclusion of the Niger Deltans in their resources is concerned, the gold medal so far actually goes to Osinbajo whose idea it was to allow Niger Delta communities build modular refineries and own the proceeds while contributing to the availability of petroleum products which scarcity is otherwise a major national challenge. An "intelligent" Yaradua ironically used JTF to hound the operators of those modular refineries and destroy them. Facts over sentiments please.

Mullahalways2:
I think you find it convenient to hate on Yaradua. No, Nigerian leader was loved across board as Late Yaradua. Gentle,slow, intelligent and most importantly, he has integrity. A real Muslim. He has my respect always

You speak as if majority of Nigerians' opinions are guided by deep and objective analysis of issues. Didn't most Nigerians love Jonathan in 2010 for campaigning with having no shoes when in actual fact such was a very silly campaign point as it didn't address any of the raging national questions? Didn't most Nigerians love Obasanjo for promising to rule like Mandela since he too rose from prison to power despite what took him to prison was a selfish criminal act unlike Mandela's which was due to a selfless struggle for humanity?
I have given you hard unassailable facts why he doesn't qualify for the accolades showered on him. I was expecting you to prove me wrong with superior argument and evidences, but alas! The usual Nigerian sentiments took over.
His sickness imposed a gentle appearance on him. A truly intelligent president would never have overruled Charles Soludo's beautifully and intelligently thought out Naira Redenomination project, neither would he have rejected Uwais Electoral Reform Panel recommendation that the power to appoint INEC chairman be shifted from the executive to the judiciary to really confer independence on the electoral body. His reason that such would impinge on separation of powers remains the dumbest utterance ever made by a sitting Nigerian president.
And the biggest of all jokes is your claim that Yaradua was a good moslem. A good moslem who died of an alcohol consumption related disease? You are either a non-moslem or a very hypocritic one to have termed a chronic alcoholic a good moslem.