₦airaland Forum

This is what Buffett have to say on Charlie Munger the great sage:

Mr. Buffett has described him as the originator of Berkshire Hathaway’s investing approach. “The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” Mr. Buffett once wrote in an annual report.

Take note of this: 'Wonderful Businesses' are better than 'Fair Businesses'.

Wonderful business is an excellent(A1) entity, while Fair Business is a mediocre(D7 or E8) entity.

chinonsobest:
Good to see an old gee who still believe in crypto. When i told my dad who taught me stock market to consider crypto, i was ready to teach him. He looked at me and said I am not interested in business you can lose your 100% capital in a day. I said to him that you can still increase your capital by 100% in a day. He said capital preservation is the key to wealth building. I got confused.

This is what Charlie Munger and Warren Buffett have to say on cryptocurrency.

Never you underestimate the wisdom of these 2 wise men.

Charlie Munger died at the age of almost 100 years and Buffett is close to 100 years . Don't forget in most cases wisdom comes with old age.

blacksam01:
Propaganda my foot.... Do u know there are thousands of investigative journalist in the west who will do anything to bring out truth ND disgrace politicians...?

See, even Russian intelligence trust WSJ ND NYT.... U dnt even HV an idea of what western journalism is all about ...

U thing say na autocracy...?

Have you forgotten China and the USA tariff war?

Most western media were of the view Chinese economy will crumble.

AirBere:


Israel will 💯 hit Iran in a very bad way. They don't care about peace talks. Israel is like honey badger, small but doesn't give sh!!t. There'll never be peace in the middle east until every terrorist is dead and buried. That's never happening so there'll be continuous war till the end of time.

I reiterate, Israel will strike Iran again maybe not this week, next week, next year or in 10 years but it'll be a colossal damage when it happens.

Don't underate Iran because China is a friend to Iran

The arsenals that it will take China 1 month to produce ,it will take the western countries 10 years to produce same quantity of arsenals.

Like I will always say,peace is better than war!

caleboxylic:
That underground was destroyed on Friday.

Do you know if they have up to 1000 underground fortress?

Don't forget western media are fond of using propaganda.

CLETDON:
I totally agree with you brotherly. No matter what anyone thinks, Iran has been weaken. Almost all their arsenals have been depleted. Israel are not always in a hurry to attack just like Iran does in most cases which is see as a mere fire works. Israel will start from your kidney and then finally destroy the heart so you will have not cause to survive again. See Gaza

Who told you their arsenal is depleted?

Do you know if they have a stock pile that will last them 20 years that was produced with the help of China?

There are videos online where Iran showed off their underground storage of arsenals.

The best thing for both Israel and Iran now is to cease fire.

Peace is always better than war.

Unlike China,the USA is a war morgering nation!

Would the USA allow war to take place in the United State?

War does no country any good.

This is not the best time to take side.

Both Israel and Iran must cease fire now.

RodgersAkpafu:
i like how you think....

But a quick question though.....

Did you come about this calculation by using the post rights issue/public offer ordinary shares number?

Or the ordinary shares number of the past

Post rights outstanding shares of about 41 billion units.

RodgersAkpafu:
The second paragraph is for sure
especially zenith

Zenith Bank is their leader !

The current shareholder's funds is 4.4 Trillion Naira.

At the rate of N5 per share,this shareholder's funds can pay dividend for the next 20 years even if Zenith Bank never declare any profit.

chimex38:
This might give those two a lifeline. I guess this is why some banks have not made the move yet for their 2nd tranche of capitalisation..
We are already in Q2.
deadline is February!!


True. But some may default in that Single Obligor Limit to a particular lender.. I think this is where the CBN hammer is.
Don't lend so much as 20% of SHF to a single person"
It looks more like winch hunting to me if the banks can cover the risk..

Yes,it will definitely give Zenith and Access a great advantage.

Bigdeal01:
I like the fact that nobody is mentioning Caverton and MTN, Neimeth etc. They are just slowly inching up. No noise. No debate. No emotions.
Looks like we attach too much emotion to certain stocks. Oando, Ellah Lakes this and that. If you are buying, buy. If are selling, sell. Market will always do its thing.

The funny part is that both Oando and Ella lakes are both companies with huge negative shareholder's funds.

fashionnisir:
Ebi like say that discusssion of holding back dividend as per aqcuiring of FBHN done spread reach general banking sector

The chief Monkey Hunter will use this as excuse not to pay interim dividend.

On the other hand; Zenith,UBA, Access,GTB must definitely pay interim dividend.

No super man for this life !

Do you know who I am gang should be humble and embrace peace.

Israel's antiballistic protection has been overwhelmed.

Peace is better than war.

Sunrisepebble:
I was reading it while half asleep.
It’s for banks under forbearance. Who are they though ?

Probably banks that are indebted to CBN ,banks like Unity bank.

Agbalowomeri:
CBN should have mentioned them

Banks will generally tank next week, irrespective. That's why they will remain underpriced. Random unexpected policy somersault. Seems the CBN has an agenda against shareholders

Zenith and Access Banks can never be in this category because they have met the latest capital adequacy requirement for international and national banking in Nigeria.

Some memorable quotes on dividends .

This is not for the core JIJOist gang!

Sunrisepebble:
Does this mean no interim dividend

Not for banks like UBA, Zenith,Access and GTBank.

Each of the four banks listed above has a shareholder's funds exceeding 2.4 Trillion Naira!

UBA, Zenith Bank and Access Bank all have shareholder's funds that is doubled their market capitalization. The shareholder's funds of each of these 3 banks is close to 4 Trillion Naira.

Mpeace:
Otedola will never dump geregu.
Many pple didnt know what happened to FO that led to its rise in price and subsequent fall. Everything about FO rise and fall was linked to geregu.

It was the acquisition of geregu by FO that raised the price from N7.73 at the beginning of 2013, to over N60 when the rumors broke, and over N100 when it became official.
It then closed the year at almost N250.

Otedola simply removed geregu for himself alone, leading to the collapse in share price of FO.

It is the same geregu that we are seeing now.

Otedola will not dump Forte Oil was the consensus about 10 years ago.

Where is Forte Oil today? Forte Oil is now Ardova.

Never forget history!

@Payunsin

I'm not an Oando kind of person!


Some have recorded 800 to 900 percent in GEREGU but cannot sell.

I can always get what you're looking for in stock like Fidelity Bank; I bought Fidelity at around N1 and sound at around N20. Fidelity is a good dividend paying stock and it's a liquid one.

I bought UCAP at around 90 Kobo and sold at around N18. Those who have not sold are still enjoying good dividend every year.

Both Fidelity and UCAP are still around and doing well.

Streetinvestor2:
Since you life time.how many times have you seen the exceptional case of naira floating that moved it to such amount in short space. So you have not seen people beating in this stock market
For your information some people have recorded 100% gain in two different transactions this yr.Be looking for excuses. How much was NB and vita form some months back.I hope you no dey the group dey call lazy youths..lol
Abi dollars has done 100% too this yr

Some have recorded 800 to 900 percent in GEREGU but cannot sell.

I can always get what you're looking for in stock like Fidelity Bank; I bought Fidelity at around N1 and sound at around N20. Fidelity is a good dividend paying stock and it's a liquid one.

I bought UCAP at around 90 Kobo and sold at around N18. Those who have not sold are still enjoying good dividend every year.

Both Fidelity and UCAP are still around and doing well.

Sorry,this was not meant for you

fashionnisir:
GEREGU 1141.50 ,so it remaining to dump on the shareholders

That's probably the next step!

It traded below N2,000,000 worth of shares today.

A mediocre dividend of N8.50 was declared this year.

Sunrisepebble:
Of course. He can run it through OPEX being an insider but I’m also talking about share price wise. Very possible he can pump it to whatever valuation he feels like for networth purposes and you, who thought you were wise playing there are unable to get out. And maybe when you eventually do, you’re selling back to him

He’s going to acquire Otudeko’s stake, bringing him to 20% ownership and then they’re about to raise N350bn through private placement (him and his friends). Even at N35, that’s 10bn new shares listed which will be 20% of Total OS

You're probably right

Sunrisepebble:
Not sure I agree with the bolded. His objective might be (it definitely is ) very different to your own though

Very high cost of doing business will likely be increasing.And that's one the major way he is going to make money.

No interest or single digit interest loan is another way he is going to benefit.

stcool:
If people know what it took Ote$ to finally lay hands on a Bank like First Bank as the largest shareholder after fighting so hard with TOE.

You will understand that FirstHoldco is a gem that you should keep accumulating. First Bank is the last bustop for Ote$

He may not let it go,but he is very good at declaring poor profit and dividend.

Just check the dividend of GEREGU.High cost of doing business is where he might get his cut of the business

Streetinvestor2:
You don't read financial reports and you say the ceo of a company is not doing well or smart. That means you consult the oracle to have gained such insight..lol

And I am neither a learner in the business. The business is not only about dividend. Infact is now I am taking the dividend part serious because of what I have come to understand about cash flow.I am considering cash flow now because I am working towards retirement

Dividend don't lie,!
A good company always declare good result from Q1 to Q4. Its cost of doing business is always low when compared to its revenue.

A bad company often declare loss in its financial results. Its cost of doing business is always high when compared to its revenue. Its earning per share is always very poor or negative.

Streetinvestor2:
Is this the special innovation/idea you will bring to the table
And going through thr report you didn't see this on the table.
You can see why everyone is best coach outside the game.
You tried but nothing extraordinary in your suggestions as I expected.

My Oga, although I am still a learner; I have passed the stage of reading financial report.

I don't have to read financial report to know that Zenith Bank and ACCESSCORP will both pay good dividend from now till 2030. ;

And I can always get my capital appreciation from any of these good dividend paying stocks.

megawealth01:
Are you kidding about Oando?

Have you forgotten when Forte Oil was almost N400,the same Forte Oil is nor Ardova(now N16) and always declaring loss.

megawealth01:
Everything and everyone here ain't always about dividends... What happened to capital appreciation?

Just imagine those that bought Oando at sub 5

Oga I know!

Do you think I hate capital appreciation?

I get my capital appreciation in consistent good dividend paying companies. I value my peace of mind.

I don't want to get trapped in stocks like GEREGU. Only few buyers to the multitude of sellers in GEREGU stock

Payunsin:
Those who loaded it at N4 won't be complaining though.
In adversities cones better opportunities sometimes.

Google Forte Oil price history.

Forte Oil once got to around N400 and later fell back to N20 .

Forte Oil is now Ardova(which is now around N16) . Ardova is now a mediocre company.

Oando can go back to N2 !

History always repeat itself.

zendi:
Clueless it is not. It brought Oando up from it's humble levels to the present empire.

The management should minimize cost of production and look for ways to increase revenue or sales.

Streetinvestor2:
I respect you opinions
Can you go further to answer any of this two questions make we check something.
I What will you have them do differently now based on what is on ground/results
2.If you are asked to join the management as it stands now.what will u do since you may not be OK with the present results as I personally see gradual improvements.

Note I didn't buy oando based on FA analysis at first but now I am keeping base on.my own FA analysis after seeing thr results/gradual progress

They should minimize cost.

The management should copy what SEPLAT is doing right,they don't have to reinvent the wheel

zendi:
So traders and jijoists should take position to benefit from the price pump?

Is like you don't know Ote?

Ote likes money doubling.

He did it in Forte Oil.

He did it in GEREGU.

And he is going to do it in FBNH.