₦airaland Forum

You yourself wrote "This reality led me to a deeper question: Why do so many citizens of this same country, one that is rewarding many ordinary citizens handsomely, spend so much time cursing it and its leaders?"

You drew a line from your $9500 dividend to cast aspersion on people who are cursing the country and leaders (and rightly so, since we are amongst the poorest nations on earth). I endeavoured to let you know that it's not all about money..and that your metric for success is dim. People just above minimum wage in some countries live better than most of us in Nigeria. The woman you pitied because she got $335 can get a helicopter to a fully funded hospital if she collapses. She can get social security, loans to pretty much buy anything she wants, insurance to take care of her most expensive health bills, and the assurance that the police and three helicopters will be at her location if she calls 911 even inside a forest.

I have no idea why you are calling me broke and bitter even though you don't know me, and I made no reference to your own status. I don't care about the dividends you received. Your story does not move me because that's not why I am here. I am simply letting you know that your reality is but a slim vista and that you can be more empathetic.

Mankind2024:
Lmao, the amount of malice and bitterness dripping from this comment is actually impressive.
Bro, you didn’t just read my post, you got personally triggered because someone received dividends in Nigeria. Your whole rant is basically “How dare you succeed where I’m suffering?” 😂
Let me help you, My dividends didn’t make Nigeria perfect. I never said it did. But the fact that one citizen making money from his own discipline and patience sends you into this level of rage and copium is very telling. You’re not angry at me, you’re angry at your own life.
Instead of learning how people are quietly building wealth despite the same problems you listed, you chose to vomit negativity and start listing every problem Nigeria has like a broken record. We already know the country has deep issues. That’s not news. What’s funny is people like you prefer to stay in the complaints WhatsApp group while others are cashing alerts.
You want me to cry about police, roads, bribes, and herdsmen before I’m allowed to celebrate my own money? Miss me with that toxic mentality.
Keep that same energy when you’re still broke and bitter in 5 years. The rest of us will be compounding.
Now go and touch grass, Mr “Celebrate in silence.” Your misery is showing badly.

MTN made enough money to pay you dividend because they raised data prices...and everyone needs data. Data is not discretionary spending. BUA, WAPCO etc are all paying dividend because they control the prices opf cement, have little competition and inflate it without commensurate increase in volumes. While you are getting your chikini dividends, you give it back to them by buying their expensive cement, building houses and raising the rent because you used inflated cement to construct it. When people decry the cost of rent and contruction, and the attendant inflation, do you not realize it's because the cement makers are extracting as much value as they can from something as common as cement? In this scenario, how does the stock market mean the economy is booming?

lionshare:
Which scenario represents more hope for MSMEs: when the 146 listed firms are paying dividends, or when they are unable to pay?

For example, consider the implications of MTN paying dividends as a national carrier—its improved financial strength can drive capital investments, leading to better nationwide service for numerous providers and final consumers, compared to previous years.

I didn’t even see your reply before I responded to him. Thank you o. It’s crazy to think Nigerians have money to lock inside stock market when people that earn 300k are still borrowing money from friends for transport to work in this same Lagos.

HesInMe:
Abeg stop using style to turn your missives into politics. Our portfolios might be doing well, but we -- "We few, we happy few, we band of brothers" -- need to always remember that the stock market is not the economy.

Your anecdote objectively does not translate to the population. Not even 5% of Nigerians invest in stocks. Conversely, more than 60% live below the poverty line, per World Bank stats -- a number that is surging upward in recent years because of high inflation and slower economic growth than necessary. Awareness of investment possibilities is certainly an issue, but poor Nigerian households spend 70% of their income on food alone. Investing is a luxury among the hungry.

So celebrate your success, sure, but stop pretending that most Nigerians have real access to the opportunity you enjoy -- if only they'd show some discipline (SMH). Or that our impressively corrupt governments aren't to blame.

Rant over. What are you uppity people buying?

Mankind2024:
This reality led me to a deeper question: Why do so many citizens of this same country, one that is rewarding many ordinary citizens handsomely, spend so much time cursing it and its leaders?

Are you being focken serious right now? So because you got dividend, the country is now the te greatest nation on earth? Can your country airlift you in an accident? Will the president visit your village if herdsmen destroy it? Does your country have emergency services? Do you have a functional civil service? Can you get anything done without bribing someone? Can you even get married at the registry without bribing the person at the end?

Can you travel from Lagos to Abuja by road without holding your ransom money and writing your Will? Can you walk into a bank and get a mortgage?

Can you vote safely? Are you joyous at the sight of a policemen?


How many young people under 35 can find jobs to make the money to do the investment to get the dividends you are celebrating?

Please, just celebrate your $9500 and keep it moving.

Take the profit and do what? Why sell low when you can just wait?

emmaodet:
In the short term, you have a point of taking some profits off the table but for those who want to wait it out for like 2-5 years, i think the growth rate is encouraging and impressive. There is still more room for capital appreciation

I opened account in January I think. Maybe even December. It was 50k.

Ginalex:
E go make sense o. When was this? Because as at February when I referred someone, the 1m account opening requirement was still there.

Edit: I opened the account in September. Wow, I could have sworn it was this year

Ginalex:
1million

the same CardinalStone I am using?

50k

elpaso007:
Greetings to everyone o...

Can anyone help with the minimum opening balance for Cardinal Stone Stockbrokers?

Thank you.

Also, power is not just a factor of production.

Power is a basic human right!

nosa2:
I don't agree that power is as big a problem as people think. Power is a factor of production, yes using diesel generators does make this factor of production expensive relative to other other sources however in Nigeria this is offset by ridiculously low/negligible/almost free wages (another factor of production).

I believe insecurity and rule of law (sanctity of contracts) are much bigger problems than power

With power comes productivity increase, with productivity increase comes innovation and higher earning wages. When I worked at a bank HQ, by 5am, the massive generators would come on and stay on till around 8pm. Imagine how much in expenses that would result in every year.

Power is a massive problem. Entire states in Nigeria use less power than any three factories in Texas. Without power, entire businesses like tech and manufacturing won’t even occur to you because the hurdle is too great. Just the laying of AKK pipeline has already prompted the building of three power stations and the attendant job creation. Factories and industries are already being planned on that route. Please, after security, power is the biggest deal.

nosa2:
I don't agree that power is as big a problem as people think. Power is a factor of production, yes using diesel generators does make this factor of production expensive relative to other other sources however in Nigeria this is offset by ridiculously low/negligible/almost free wages (another factor of production).

I believe insecurity and rule of law (sanctity of contracts) are much bigger problems than power

nosa2:
You go see say nobody go argue with you on these points

Only people who will argue are

People who have not paid ransom recently
People who don’t enter market
People who don’t know the price of eggs
People who don’t know chicken is now a luxury (what my family ate while living inside Face Me I Face You)
People who have not had to send their friends money for transport to work even though the friends earn about 400k
People who don’t know the price of baby food
People who have not travelled by road
People who don’t pay any black tax and so don’t know that people are struggling to buy even malaria medicine.
People who think economic graphs that go up mean that the common man can now afford to buy gala for his kids on his way home from his 100k work.

The govt gets a pass mark on tax reforms, Okl and Gas investment attraction and managing inflation to some extent.


The govt is doing terribly on security of life, sanctity of life, and protection of rights. It doesn’t matter how shiny your economy is…if I can’t travel from Lagos to Edo by road, you have failed.

The govt has failed in power, the bedrock of any moving economy.

The govt lacks empathy, the bedrock of human relations. If a bad road can stop you visiting your murdered citizens, or if you can only stop at an airport for ten minutes to speak to massacred villagers, you are a great failure and don’t deserve leadership position.

The govt has failed in simple due process, that is why Chagoury gets trillions of naira in contracts with no bidding process.

Just because we make 100% on the NGX in three months doesn’t mean the government is working, we are highly privileged.

Before APC, I was earning 100k as a contract staff in a bank but could travel twice a year by plane to see my relatives.

Now, if you earn 600k a month, you have to open excel sheet before you travel anywhere because the roads are unsafe and air travel is now for the 0.5% of the population.

The govt arrests soldiers protesting for better food rations, but releases Boko Haram killers and reintegrates them into society.

This government is not even an oligarchy, but a family business since the First Lady and ‘First Daughter’ now have offices that can donate billions of naira from mysterious sources to their pet projects. The President’s son is now a heavyweight with his own expensive convoy and social media pages.

Need I go on?

GeneralDae:
I can understand that and if I decide not to go with him, it would be for the following reasons:

1) Electricity: He said if I don’t give you power don’t vote for me. So if by 2027 I do not have constant electricity, then I would remind him and would not vote. May not vote at all.

2) Disorganised Government (lacking in strategy sometimes)

3) Poor budget organisation

4) Too much opacity

5) Media team is too political for my liking.

6) I think Dele Alake in the mining sector have been too slow, while having Adelabu for 3 years was a waste of time.

So I agree with you but then I hope we find a credible replacement.

What excess funds? are the funds not tied to people who bought them already? Did anybody give them free money?

Sunrisepebble:
I heard they want to use the excess funds from the PO/RI as private placement.

Oh, so the UBA still dipped today.

TIP on full bid. 30.60

GeeKudi:
1k loading.

Bought nearly 500k worth today. God help us.

Why do you write on top and bottom of quotes?

megawealth01:
Na SEPLAT I go use buy small Island

My SEPLAT loot alone is something else. I sincerely missed ARADEL. Na now ARADEL come dey pain me

Nice, congratulations! We entered at PO, but we pin still.

megawealth01:
One of the best gifts loco dropped here that I keyed into

At one naira

Yup. Not really 'spills' as in accident. They process industrial waste, currently mostly from Oil and Gas by working with refineries.

HesInMe:
Thanks. So like clean up of oil (and other hazardous materials) spills?

Mostly oil-associated waste management. They have a few (dangote etc) but highly valuable clients. Also looking to go into municipal waste. Has the easy money been made? I am betting not. As the Oil/Gas industry is expanding on steroids due to specific reforms to increase our oil and gas production TIP is well positioned to eat good for years to come.

HesInMe:
Could someone please enlighten me on this TIP sef? What is the main driver of value for the company? And has all the easy money been made?

Didn't really have a target but Aradel has also done wonders on my portfolio this week. Very glad I bit the bullet and bought it as my first NGX stock last year even while it strugged and bounced around the 550 - 500 range for many months.

Raider76:
Thanks to Aradel and UCAP my portfolio today hit a target I that has been alluding me for so long. Though it is paper money, it nevertheless feels so good.

Will the price of the share change when the PO is released?

Sunrisepebble:
Ah, should I not crystallize my profit now. Bought some in PO, bought some on the floor

ABeg what does this mean? I didn;t understand the question.

Ginalex:
I don't think they've factored it in yet

Since 'his' appointment to the board. The entire letter is six lines yet nobody read it twice.

megawealth01:
A good person 👍

Same, I used Dang.. but I’m not a big fan of Dangote on principle, and I liked what I read about the Coastal Road using Wapco cement or something. I also thought of the entire length of the road and what a stronger economy might mean for our building and infrastructure targets. I thought Wapco would be best. Infact, by the time I was convinced, i made it the third largest stock in my portfolio, after Aradel and TIP. I bought at ATH, knowing that I would average down if necessary. Since I bought at 160 or so, e never dip.

welzyj2:
Not kidding this was also my low key moral earlier this year...although I used dangcement for my project

Price from 10.5 to 12 in less than a month

I had to buy wapco shares to get something back from the industry. I'm at 60% on capital invested now

I'm riding it for the long term

Yes, because I never reach my target accumulation. I don’t mind if it gives me 30% a year because that was my was expectation when buying. Beat inflation and possible naira devaluation.

nedu666:
And u say God forbid

You won't believe the reason i started buying WAPCO. I had to do some renovations at home late last year and the price of cement really shocked me because I last remembered it at like 5k or so. After all the spend, I swore these companies would have to pay me back somehow...so I did my research and decided on WAPCO. Now almost 100% up.

Mpeace:
I bought a little WAPCO the moment I saw BUACEMENT result. Note that since January this year, cement prices have really gone up

God forbid please

nedu666:
At the rate wapco is going. 1000 sure by year end

Willing to bet Aradel will break market again when they release Q1

Why I no go buy? Even bought Google too with my last card sotey my bank account was just vibes. The world was looking very bleak then but I decided, 'Fortune favours the bold. Now I look at the portfolio and smile, More than 100% up.

megawealth01:
You bought too. I load am withy last card

Na audio loading

Haha, sometimes some stocks going down is the best feeling. That's how i felt when Nvidia got to $95 last year. E remain small i for sell my kidney to buy am.

Sunrisepebble:
Might be ambitious within that time frame. But I have no doubt N400 is certain within the next 12 months. At this point I won’t add or sell unless there’s a significant pull back.
I now understand Warren buffet when he said he loves it when the stocks he buys goes down

Ah, 400 by month end. That one go mad gaan. I hope it doesn't happen sha. I was happy with 220 TP when i was buying it at ATH of 160 two months ago or so. 400 too much for one year.

ositadima1:
I bought today at 345, with a target of 400 before month-end, just for JIJO. I’ll also exit at any time if my thesis for entering goes south.

He gets why.