₦airaland Forum

emmanuelewumi:
Leave your curiosity and enjoy the cash flow from the business

Ha ha ha

This kind of statement can only come from someone that has looked at their entry prize of averagely N11 and the dividend they will get.

Selling prize no concern you again oga Emma. lol

I feel you sha

I have been wondering where @rabidoracle is.

His silence here is very loud.

I pray he is well and safe wherever he is considering the Covid era.

I am really curious to know why a stock like Zenith that pays clost to N3 as dividend per year struggles to sell at N30.

This is amazing to me.

Maybe oga @emmanuelewumi will know better

Hi Guys,

Please contact me if you are an experienced transcriber.


Thanks

Grupo:
The way you are defending thieves.

It's seems you work in procurement department?

Oga na wa for you oo.

Where did i defend thieves?

Please go and read my post again.

I am saying that calling Nigerians thieves, crooks is wrong.

Nigerians are hardworking people and are excelling in many fields of endeavor.

I am saying that stealing is not local to Nigeria. That all Nigerians should not be labelled as thieves just because one Nigerian stole.

ojesymsym:
Unfit employees different from 'thiefing' employees.

Oga they are the same.

If a thieving employee does not fit into the companies goals and aspirations, the system will weed them out. Well structured companies have systems that do that. It is not only in Nigeria that people are fired from companies they work in.

Mind you not all thieves are bad. The thieving skills can be turned to good.

Go and watch the movie "Catch me if you can" and see how a thief was turned to good. You also see that it is not only in Nigeria we have crooks

ojesymsym:
No need to argue, ask them their experiences with their Nigerian human resources, employees, contractors and customers so you understand the scale of the danger and damage.

Every company all round the world have issues with staffing and employees,. All round the world employees, contractors and customers are hired and fired, it is not a Nigerian thing.

You develop processes that mitigate the negative impact of bad eggs in your company.

Many companies around the world, Google, Facebook, Microsoft have rigorous process for hiring and firing but sometimes people that do not fit into the company goals sneak in. The system still weeds them out.

Bad people are everywhere in the world and those places thrive.

https://www.nairaland.com/6328993/nigerian-api-startup-onepipe-secures


Later some people will say Nigerians are greedy, wicked, thieves, bla bla bla.

See hard working people trying to create a new future

emmanuelewumi:
Different strokes for different folks, some are only concerned about the stability of their dividends, they don't have time for what you typed up their and they are okay

@emmanuelewumi Oga Emma,

I agree with you but i want to share a story.

I am a dividend investor. I used to believe in buying a stock at a good price and leave it for dividends or using the dividend to pay my bills and not bothered about the price fluctuations until a few years ago something happened.

I bought Fidson at an average price of N1.50 it dropped to below N1 and later rose to above N7. That is about 366% returns in capital invested.

So assuming I used N1 million to buy Fidson at N1.50, that is approx 700,000 units of fidson.

At N7 the value of those units would be N4.9 million.

I did not still sell the Fidson and i watched it's price drop to about N3 or less.

Presently Fidson is at N3.40 so that will be N2,300,000, that means it has lost a value of N2.6 million

Fidson has been paying dividend of 15k consistently exceot for the year they paid 25k. I will use 25k for all those years and assuming it is the past 6 years. The dividend in one year is 25k X 700,000 = N175,000, in 6 years it is N1,050,000.

So for holding unto Fidson for all those years and adding the dividend total earned or total value is N3,350,000

That brings loss in value to N1,550,000.

If i used a figure more than the N1 million as capital invested the potential loss in capital or returns would have been much more.

This experience made me change strategy to take advantage of the up and downs of the market but stick strickly with dividend paying stocks.

Same thing happened with Zenith this January is peaked at N24 and dropped to N11 in March, one can say their capital has been preserved as at november this year but an opportunity was also lost in January.

emmanuelewumi:
Zenith Bank will pay a final dividend of N2.50k in the next 6 months or less

Thank you for this.

I was even trying to be conservative.

That means if you buy Zenith bank at N30 you are sitting on 8% returns with dividend. But i doubt the price will get to N30.

That is why i said no matter what happens, to leave the market second week of January during the bull.

Those that buy during the January bull are coming to the party late.

MssRose:
Nice perspective and thanks for that but looking at the obtainable interest rate across all fixed assets being ridiculously low, dont you think that circle will be broken? In the past people switched between tbills and stocks, where they invested the proceeds from stocks into Tbills while waiting for prices to deep.Then again, I feel there is going to be re-pricing of most fundamentally strong stocks because of the devaluation.

I do not think the cycle will be broken, because after the financial year end, results will have to come out and people will take positions to profit.

For example there is a high probability that Zenith will pay a dividend of not less than N2, if you buy tomorrow, you are already sitting on 10% if it is only dividend you are interested in.

So what happens is once it is confirmed that the dividend will be N2 (by insiders, the only way you will know is when the bull starts) there will be a rush to buy the shares to make 10%. By N25 the return is no longer 10% hence appetite will wane and you see drop in price. All this happens in January.

For example does it make sense to buy Zenith at N27 while expecting a dividend of N2, while there are people sitting on 25% already?

As per repricing due to devaluation, the repricing occurred in March when most stocks lost almost 80% of their value.

But from the their 2nd and 3rd quarter results it was obvious that the devaluation and Covid did not have much impact on their business.


Please note: I am not an expert but this is my strategy.

arduino:
You can not time the market

I agree with you 100%.

But what i have written is based on historical trends.

Let us just watch in the coming days what will happen.

One of the reasons i shared what i shared was because during the January Bull many people start buying, but that is when they should be leaving the market.

The best time to buy is in the coming weeks, not in January

MssRose:
Bros, please can you throw more light as to why we shouldn't hold beyond second week of January considering the the fact that most of those stock will be paying dividends around march and some people invested for dividends. I personally had plans of holding mine till towards the wave of uncertainty of 2023 elections to offload. Please explain

Sorry, i just saw this.

The reason is this. You should be looking at total returns to your money.

Most stocks that have December as their financial end of year, their share price rises to the highest value in January, after January it starts dropping.

So using Zenith as an example, the share price is probably going to peak in January, after that it will loose close to 10% of the January high.

In other words, if you bought it in November for N19 and it is selling at N25 in January, by the time you wait to qualify for dividend, it would have lost 10%. Though it is not bad to wait for dividend but your returns will be lower even with dividend.

You can sell in January and come back in May or June because the price will still come down to N19.

I will like to add my own tips on opportunities.

One can target purchasing some stock on the Nigerian Stock Exchange.

Target should be between now and mid to end of November. If you can get Zenith bank shares at N19 or below get as much as you can and hold till maximium the second week in January.

Do not be tempted to hold beyond the second week of January.

I expect the price to get to N25. That is approximately 25% in returns in less that 3 months.

There are many stocks with such potentials there right now.

The most important thing is timing. and the target price.

Do not exceed second week in January

This is my 2 cents to help

Exactly, that is why it is not good to mix political discussions with investment discussion.

Political discussions you do not get anywhere, nothing is achieved, everyone is entrenched in their own views or opinions.


I am still baffled that people feel comfortable discussing politics in an investment thread, while there are thousands of thread in the Politics section.

They can also create their own threads and attract like minds.

Guys please stop bringing stories from Nairaland Politics Section to Nairaland Investment Section.

Please stay in those threads and have your discussions there.

Everybody has Instagram, Twitter,Facebook, Whatsapp to get update on what is happening in Nigeria.

There is no difference between those burning down governemtn properties in lagos and those doing everything possible to destroy an investment thread in Nairaland.

Please show you are different

ahiboilandgas:
ok i will do that immediately

Thank you sir.

May God/Allah bless you and your hustle.

maishai:
Truly I have to respect the thread......I will resist the urge from hence forth

Thank you so much.

May God/Allah bless you.

Rather we can discuss the financial implications of the what is happening, how it will affect the economy and much more.

maishai:
https://www.nairaland.com/6194454/lekki-tollgate-fire-after-secuity

I can now see the anger of the protesters in lekki............That toll gate is a symbol of all that is wrong

Oga please stop bringing threads from the politics section to threads that are in the Investments section.

Please let us try and at least be better than the politicians

Oga Ahib,

I beg you in the name of any deity you believe in to leave this thread alone and stop bringing political discussions here.

The thread we are in can be found in the investments section of nairaland. There is a political section please i am pleading with you.

I have a lot of respect for you but please let this stop.

This was how Stockmarketnigeria.com crashed.

SMN was the place the best brains in the nigerian stock market congregated to analyse the NSE and have robust discussions until some idiots came and muddled the whole place with political talk. The site is no more.


Please move all your political discussion to the politics section, there are enougth threads there.

Thank you

Hello Data Scientists and aspiring Data Scientists i trust you are all good.

Lets try and keep this thread alive.

@Ejiod greetings to you and thanks for creating this thread.

Thanks also for those that have shared useful information here

speak2lift:
Absolutely everything falls and rise on LEADERSHIP.

Someone asked a very important question up there which i think has the answers to the problem plaguing our country:

1) Why are People not cutting corners with current telcos Airtel, MTN and the likes?

2) Why do bank tellers not just walk into the vault and take all the cash there to their houses(of course some have tried and some will still try but the consequences are there...)

3) Why are workers in Private enterprises more responsible with their deliverables than their counterparts in Public orgs?

4) Why is it that Nigerians behave themselves in orderly manner when they travel abroad?

Take a minute to reflect on the above.


It is all about Leadership. It is the responsibility of the leaders to set a very strong tone from the top. It is the responsibility of leaders to put in place controls and ensure that whenever these controls are breached, the appropriate person is sanctioned whoever it is. That is why they are leaders. They are to set the pace.

I remember when Buhari first assumed power, everyone started behaving themselves, some public officials who had stopped going to work early started doing so for fear of what come for the "Iron General", People temporarily stopped asking for bribes in case there were Buhari agents on the lookout. But after 2 months and they saw that everything was "Audio Transparency", they all returned to their normal selves.

In my current place of work, I know there are certain things that if i get myself involved with them, I will be shown the door immediately. No one I beg will listen to me. Because the rules are clear and the standard is being maintained to the highest. You can choose not to follow it but our leadership have made it clear what will happen if you go agaist them


Look, we dont need to push responsibility back and forth.

We need strong leaders. We need leaders who have vision and who have solid exposure and reasoning power and we need leaders who have the desire to create a legacy. All the ones we have there are just stomach-leaders and that is the beginning of our problem.

Thank you for this. That was the question i was asking.

If there are consequences for wrong action people behave.

It is baffling that someone that took 10 billion naira loan and cannot account for it. The person should right now be speaking with EFCC operatives. That 10 Billion can be traced.

Many people do not know there is a direct connection between the missing N10 billion and dollar scarcity.
Let me make it clear to them.


Assuming that the N10 billion was used judiciously for what it was meant for and assuming there is a 10% return on that investment in the agricultural sector. That means N10 billion worth of foodstuffs and agricultural products would be produced and an additional N1 billion in agricultural products.

That means agricultural products and food stuffs worth N11 billion has been created in the economy, that means there will be no need to import agricultural products and foodstuff worth N11 billion, hence the pressure on the Naira is reduced.

That is the loop hole that need to be closed, because there are many N10 billions that cannot be accounted for.

Attacking dorm accounts is treating the symptoms of a bigger problem and would not solve the dollar scarcity problem Nigeria has and will not stop the naira from depreciating.

There are agencies that it is there responsibility to ensure nothing happens to the N10 billions, that is where the focus should be and not saying nigerians are criminals, nigerians are this and that...

If you steal N10 billion in the US, you will be caugth and you will return it, that is the difference.

XiaoLi:
That is where the government comes in, in a country that works nobody is ever bigger than the government..it is only in a country like Nigeria you will hear this kind of stories and excuses why the person that bypass his meter and the accomplice cannot be tamed due to government failure.

Oga please ask them.

How come MTN, GLO,Airtel are not bypassed.

They are sounding as if these things are rocket science.

DexterousOne:
There is no incentive to smuggle the oil across Saudi border in the first place

Who removed the incentive?

Was the traders in the market? Or the average Saudi citizen on the streets? The engineers working in their oil fields?

ahiboilandgas:
Nigerians by pass smart meters and refused to pay for electricty supplied then wonder why nepa has not brought light ,then nepa people will dish our imaginary bills and imagine mad people should pay why woudnt they pay....nigeria govt sold nepa for 400bn naira as a private firm ..now govt have spent 1.5 trillion on same organisation in name of support ....

How come people do not bypass MTN, GLO, Airtel?

Is it not Nigerians that are running these companies?

Who allowed a loop hole in NEPA that enable people to bypass meters?

ahiboilandgas:
because the agencies a man by Nigeerians ....if those agencies are in Norway's man by Norwegians is will work...

Please stop generalising things.

A Nigerian woman once headed NAFDAC and those people making and selling fake drugs were run out of business.

Did you put the right people to head these agencies? Are they being run properly?

But stop saying bad things about Nigerians.

I have said it before, Nigerians are one of the most hard working people in the world and they are honest. Provide them the right environment and they soar

ahiboilandgas:
saudi is subsiding petrol but it citizens know it for the country....no body smuggler to Yemen for higher price ........Nigeerians vandalised the refineries...

In Saudi Arabia, there are consequences for smuggling. Deterants are in place.

In Nigeria are there consequences for smuggling? Who is supposed to ensure there are consequences?

The young men hustling in alabal market and other markets, they young boys and girls working there asses off in banks and other countries, the farmers in their farms? Is it the young boys and girls in traffic selling gala? or young boys and girls in schools studying and hoping for a better future?

Who is responsible?

Dont castigate nigerians please

ahiboilandgas:
Nigeria customs service u mean....they generate 1 trillion to the Nigeria treasury and dont get funded by the Nigeria state ...it a revenue organistation .....the smugglers are Nigerians while the customs are Nigerians the govt are Nigerians ..no Ghanaians ..

Oga, the point that I am making to you is that there are government agencies that exist to ensure that all these things that you say Nigerians do does not happen.

The reason why these agencies are not doing what they supposed to do is the same we are having dollar issues.

You said someone misused 10BN in Kano and nothing happened to him. Why?

There are government agencies that exist to ensure that if such things happen the funds are recovered.

Nigerians are good people, you see them excel in sports, entertinment, science, technology, academics ..........

ahiboilandgas:
any body residing or doing business in Nigeria is legal allow to deal in Naira and save in Naira ...any body not comfortable are move to other countries...Nigeria cannot be in endless chase of dollars printed at will by trumps America......Nigeians are the root cause ....we are smugglers,duty evaders , election bribers and money laundering and black markets operators ...the cbn does not print dollars so they have to ration the small...

Oga sorry i disgree with you.

You generalisation is wrong.

The Nigerian government allocates billions of our hard earned income annually for the Nigerian Immigration to block activities of smugglers.

We have government agencies that it is their duty to collect duties and punish evaders, is that agency doing it's work? Has anyone been fired for not doing their job?

We have government agencies that are meant to track and bring to justice election bribers, are those government agencies doing their job? Has anyone been fired for not doing their job?

There are government agencies that are meant to handle the issue of black markerters
and money laundering are they doing their job.



It is wrong to say Nigerians are bad people, meanwhile they are the most host working people in the world, excelling in all fields of endeavor.

awesomeJ:
You shouldn't just assume that I have that stance now.

I have a dorm account myself.

Going by Transatlantic's suggestion on safes, you don't even need a dorm account to speculate now.

By addendum, i mean i was supporting your point.

People hold dollars for Eurobond, People earn dollars as income.

The response was to back up why you are doing what you are doing. You said it that you are not a speculators

awesomeJ:
I don't know who/what you meant to quote. There's nothing in my posts that disagrees with what you stated.

My post was an addendum to yours.

As some people believe that everyone that have access to dollars did so for speculation purposes.

awesomeJ:
What exactly are you saying? Bleep up how?

I wasn't even talking to you now was I?

Well, i'll educate you.

I hold dollars that are lent to the FG as eurobonds. I don't need the fund. I have ample naira. I only need it to have some dollar earnings. It's serving its purpose.

I didn't buy it to speculate so I wasn't interested in selling even at 480 so what's your headache?

There are Nigerians that work in African countries and they are paid in dollars. The dollars is paid into their Dorm accounts.

Not everyone owns a dorm account for speculation.


I wonder if this new CBN policy will affect them.