₦airaland Forum

zendi:
And how would you know that at the airport?

So you end up avoiding aircrafts altogether and miss all your appointments and opportunities.

zendi:
Nevertheless thousands board aircrafts every day out of necessity.

Because the grasscutter that would not venture out of its hole for fear of the hunter will die of starvation.

zendi:
Thanks, GeeKudi, but no.

This is not a moniker that needs help to cross the Ikorodu Road of NGX.

If I tell you I'm chasing a stock, the only thing I will need of you is to help dump the stock on me. It is not to advise me on keeping money safe.

I am not here to keep money safe but to multiply it.

When to chase, stop the chase, or not chase at all, belongs to the adepts.

iskalamong:
Funnily enough, among the popular and solid stocks, those two seem to be the cheapest at the moment. Oando, very cheap. Access on the other hand is worth the risk for short term dividend play at N20.

In my opinion, market is in a hold state for those that want to JIJO. That is, if you’re in, you may wait to see if you can get a better exit price. If you’re out, you may wait to see if you can get a better bargain. Most stocks are around their fair value unless we see a shocker in results released or dividends declared.

However, those two stocks seem to be the potential plays for now. Oando at c.N40 and Access at c.N20.

Mind you, I excluded illiquid, very small cap and some other stocks (that rallies without revenue or operational evidence ) in my consideration.

It would be nice to hear the opinions of the house as well.

Cheers

Iskalamong!

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Streetinvestor2:
Kpakus did not see the Money it is very clear.
If they saw it.They would have done usual paparazzi with brokers over it.
It is just like the oil mill.I believe it is not yet working too.They for done show branded kpakus oil to the public during the fund raising to lift people moral to participate. It is simply street sense
Not like I expected them to be able to raise such fund in the first place.How many of you here participated.Chams still dey send us massage thanking us for believing in the management

SonofElElyonRet:
Just in case Ellah didn't raise the whole N235b at PO, I'm sure Chuka would've embarked on an aggressive private placement/loan sourcing exercise, immediately the signs of under-subscription were evident, to make up the shortfall. Hewitt Benson has everything under control.. e lo fokan bale. That acquisition is a done deal. Expect price rally for Ellah when the successful acquisition is announced.. projecting a price stabilisation at N25 / N30

ultraviolet27:
But not the government fault alone every Nigerians from the poor, unlettered,to the privileged and the wealthy are corrupt, greedy and self-centered because even when they (the government)release the trifle or meager fund for upgrading the laboratories or building new ones to the latest standard the university administrators(VC,Bursar and the register) and the leaders will embezzle it

I graduated from UI also and I knew many times funds were looted by the VC and the university even right from my 100 level days!!yet we face and curse our political leaders whereas all of us are worst and if the government decides to prosecute the offenders with efcc and icpc we,cry of witch-hunting and even defend the looters and say are the government officials also not looting? forgetting then when the foundation is weak a building won't stand

corruption needs to be tackled from the grassroots, as the youths that we see as the leaders of tomorrow are even worse come and see how the SU(student union executives) embezzle the institutions funds with reckless abandon which even trickles down to the departmental, faculty and hall of residences executives(governments) when I was in my final year my faculty president who was a female embezzled the faculty funds and grants and was even threatening that she couldn't be prosecuted is it someone like her that will get to the position of authority that won't embezzle billions of naira?if you can't be trusted with a little sum of money is it when you are faced with a larger sum you won't steal?

why those abroad universities are maintained and has up to date infrastructures are because they aren't fully government owned (joint ownership)infact they are almost privately owned that's why their tuition fees are costlier you know it's hard to embezzle from a private owned enterprise?that's why most private universities have good infrastructures in nigeria only they love exploiting their staffs!!

DoTheNeedful:
Like I stated in my previous post, I am not saying all is well with our universities. However, I think it is exaggerated, especially for federal universities.

As someone with background in sciences, I agree with you about the dearth of good laboratories in our schools. That said, Nigerian graduates can still compete decently in many foreign universities.

I wasted a few years of my life in Nigeria because of comments like yours. Comments like yours do more to kill confidence in Nigerian graduates than trigger the government to spend more on education. When I got into a Ph.D. program in the US, I realized that I was not an outlier. I saw many graduates of Nigerian universities doing well and winning awards at top universities. I, and some Nigerians I know, have published at the top tier venues in our fields.

I am not a medical doctor, but I have seen many graduates of UCH, LUTH, ABUTH, UNNTH and OAUTH practicing at various big hospitals here. There are many stories in the news about Nigerian doctors leaving the country to various advanced countries of the world. Those stories are very true.

Nigerians are too negative. Please don't misunderstand me, I am not saying that all is well. All I am saying is that things are not as terrible as some of you make them.

As for your comparison of China to the US in the area of science, I disagree. The US is still above China. In fact, I still rate Japan ahead of China in science and technology. There are ideas in scientific research community that are termed groundbreaking. Most of such are still coming from the US, Japan, Germany, Canada and so on. China is good at making incremental and cosmetic improvements to groundbreaking ideas coming from the US and other countries. They also spend too much cyberattack effort stealing confidential ideas from the US and other advanced countries.

egwue:
I have some fund available to me on short term basis. My investment goal is dividend and capital preservation. Just wondering if buying Access Bank at the current price is a good idea. Any advice from this forum will be highly appreciated.

chatinent:
Religious azaman.

First people with church format.

Tithes, first fruits, second fruits, sow seeds, offering, harvest, bazaar, support the ministry, givers never lack, end of the month cheerful giving, new month blessing offering, I will see my child offering, I must be pregnant offering, My future partner will locate me offering, cleanse spiritual husband and wife offering 🫣, blind my enemies offering, deliverance offering, house cleansing offering, My uncles will not see me offering, may my enemies not see me offering, God will bless you offering, America here I come offering, holy communion offering, cross over offering, night vigil offering, crusade offering.

Format choke.

They filtered every Bible verse that has to do with giving and it became strategic topics. In the mind of the deceived, naira and dollar is used in heaven.

If the whites knew where God was and if heaven was solace, they'd never have introduced it to the blacks.

It was a colonial manipulator...and it's still working.

nairalanda1:
That's the problem. Corruption is making a bad situation worse.

Poor funding is due to our reliance on one resource. Which is kind of why most subsaharan African countries are poor. We rely on oil.and since we don't control the sale price of that oil , it creates funding issues

Like now , a large proprtion of this year's budget is being funded by borrowing because oil prices haven't been high enough

Corruption results from our sharing money economics. So long as the oil money flows , who cares about actual industrial development and a actually prospering economy?

DoTheNeedful:
Some Nigerians enjoy trashing Nigerian universities.

Having studied in Nigerian federal universities and earning a doctorate in the US, I can say that Nigerian universities are not as terrible as some people make them out to be. I am not claiming that everything is perfect but Nigerians are often too hard on the country’s university system.

You would be surprised at the accomplishments of recent graduates from Nigerian universities in top American universities and research institutions. During my graduate studies, I never felt like an outlier in classes filled with students from the US, China, Iran, India, Europe, and elsewhere.

nairalanda1:
Which is why I said we got to fight corruption as well,.or are you actually reading my posts?

And even if we fight corruption, as I said ,we still have the funding issue left over..hence we got to look for solutions to that

nairalanda1:
1. Ending embezzlement won't do anything. It still leaves the issue of funding as the elephant in the room.
That's why we need a leadership that would fight corruption, tax more of the gdp and allow.for.things like rises in fees. Or we can just have corrupt free mediocre universities.


2. We need more funding than that. Hence the need for a.indistrial economy..not our oil dependent economy..no country is going to find money for you

nairalanda1:
Even if we ended embezzlement,it's not going to make universities better. Budget for education would still remain too low to turn universities into world class. I mean , advanced labs cost a lot of money. Remove embezzlement and we still have the same 4-5 billion dollars for over 100 universities, even more polytechnics and countless secondary and primary schools. Nothing would get fixed

I don't see anywhere where I denied mediocre leadership is our problem. In my post I even show you how mediocre leadership works in making Nigeria bad self.

But to make myself clear, our leaders and followers treat Nigerian economy as a national cake to be divided, not as a farm that needs to yield more fruit. We have worked on the idea that we need to sell oil and share the money equitably.

The problem is, oil prices dont favor us, so we quickly run into debt and also that kind of idea promotes corruption. That's how mediocre our leadership idea are.

Focus on indistrial development and on taxing the gdp more and on not starving vital things like the power sector in the name of poverty and things will improve.

nairalanda1:
And that's largely the fault of Nigerians .

Most of you support leaders on the idea that it is our turn to rule. Many of you also support the idea of a national cake

That promotes an economy that is resource dependent, not dependent on industries and so forth. So long as the oil money flows, and is shared well, we don't need to develop a local industry

Infact on this site, I have seen many people asking why we are not like Libya and Saudi Arabia because they are oil producers. I don't see Nigerians asking why we are not like Japan or south Korea or even china and Germany and even the USA. It's because most of us think that we should live like trust fund babies. Not like industrialist people. All our needs being met by selling oil money and using it for passive income.

When you do that, there is no room for industries. That affects our universities badly. Because if there are no industries it makes no financial sense for universities to fund up to date labs since that would drive them into horrendous debt. Also abroad it's industries that fund universities partially or fully. This enables universities to pay for good labs and so forth to train the future innovations and so forth.

Finally, our national cake idea means that most of us want to go to school for cheap. That means fees have been kept very very low. Check all the leading global universities. They charge high fees or they also are paid for by state funding which comes from very high taxes . Nigerian government universities for the most part are cash strapped.

How bad is it. ? Last year, Harvard spent 6 billion dollars as it's budget. The entire Nigerian education sector , ie primary to tertiary spent about half of that. And you expect them to be like world leading universities? Some states even don't spend as much as a few million dollars on education , which is why they have wretched looking facilities.

And yet we keep sabotaging education by voting for leaders like tinubu and even the rest who promise a share of the oil money rather than development to improve the earning of money for our nation.Even nelfund that tinubu is promoting is band aid on a very open wound. And we oppose improving tax revenue as well as fighting corruption unless it is our enemy.

So what do you expect?

nairalanda1:
And that's largely the fault of Nigerians .

Most of you support leaders on the idea that it is our turn to rule. Many of you also support the idea of a national cake

That promotes an economy that is resource dependent, not dependent on industries and so forth. So long as the oil money flows, and is shared well, we don't need to develop a local industry

Infact on this site, I have seen many people asking why we are not like Libya and Saudi Arabia because they are oil producers. I don't see Nigerians asking why we are not like Japan or south Korea or even china and Germany and even the USA. It's because most of us think that we should live like trust fund babies. Not like industrialist people. All our needs being met by selling oil money and using it for passive income.

When you do that, there is no room for industries. That affects our universities badly. Because if there are no industries it makes no financial sense for universities to fund up to date labs since that would drive them into horrendous debt. Also abroad it's industries that fund universities partially or fully. This enables universities to pay for good labs and so forth to train the future innovations and so forth.

Finally, our national cake idea means that most of us want to go to school for cheap. That means fees have been kept very very low. Check all the leading global universities. They charge high fees or they also are paid for by state funding which comes from very high taxes . Nigerian government universities for the most part are cash strapped.

How bad is it. ? Last year, Harvard spent 6 billion dollars as it's budget. The entire Nigerian education sector , ie primary to tertiary spent about half of that. And you expect them to be like world leading universities? Some states even don't spend as much as a few million dollars on education , which is why they have wretched looking facilities.

And yet we keep sabotaging education by voting for leaders like tinubu and even the rest who promise a share of the oil money rather than development to improve the earning of money for our nation.Even nelfund that tinubu is promoting is band aid on a very open wound. And we oppose improving tax revenue as well as fighting corruption unless it is our enemy.

So what do you expect?

MadamVanessa:



Forcing lies on people's throat. This past glory school wouldnt want to give up. This is not 60's , 70's 80's and early 2000 that you people were all and all , attaining unimaginable feats. In this present dispensation a lot of schools has emerged and has relegated and pushed this glorified school to abyss . This lies can only be meaningful to the gullible but we that know, knows better.

Evilthoughts:
If you noticed the recent videos of ishowspeed around Africa you would be embarrassed by how our people acted. Nigerians were begging and expecting handouts which sends bad signals to any visitor. I have visited Kenya and they don't beg foreigners, foreigners might give them something out of the goodness of their hearts but they don't harass them.

I have lived in South Africa for years and you will never see them begging tourists or foreigners, even the poor ones act very proud when they see you are not one of them. Why do we always want to project ourselves in bad light infront of strangers even though we are the better Africans with more pride,global respect and hustling spirit. This is why we are even getting disrespected by small small African countries that should be begging to clean our houses for free .
Let us stop the beggy beggy culture, it makes us look weak to outsiders. You can't be begging strangers in your own home. Look at what those weak South African footballers did when they were in Nigeria,giving out food from moving bus windows to humiliate us. Do you think they would take that if the Eagles did same to them? They would stone our players and accuse them of demeaning them. We need to change this behavior before it's too late .

Evilthoughts:
If you noticed the recent videos of ishowspeed around Africa you would be embarrassed by how our people acted. Nigerians were begging and expecting handouts which sends bad signals to any visitor. I have visited Kenya and they don't beg foreigners, foreigners might give them something out of the goodness of their hearts but they don't harass them.
Every anti socialism behaviour especially begging is more prevalent in Lagos.

90% of Lagos exude toxicity. I don't like and I can't live in Lagos

I have lived in South Africa for years and you will never see them begging tourists or foreigners, even the poor ones act very proud when they see you are not one of them. Why do we always want to project ourselves in bad light infront of strangers even though we are the better Africans with more pride,global respect and hustling spirit. This is why we are even getting disrespected by small small African countries that should be begging to clean our houses for free .
Let us stop the beggy beggy culture, it makes us look weak to outsiders. You can't be begging strangers in your own home. Look at what those weak South African footballers did when they were in Nigeria,giving out food from moving bus windows to humiliate us. Do you think they would take that if the Eagles did same to them? They would stone our players and accuse them of demeaning them. We need to change this behavior before it's too late .

Agbalowomeri:
Or insiders are running away?

Agbalowomeri:
I don't even understand whether na AwesomeJ people dey recycle the shares which has been unending for a year Lol
Even if the supplier has 10B shares e suppose don end by now. Something beyond ordinary is not right with ACCESS

emmaodet:
Hmm

BabsO2:
China is made up of regions that compete in growth of their respective GDP’s. They do not operate a feeding bottle economy where money is collected by central government to be shared to regions like Nigeria share money to states from the centre. Each region struggles to make its money by producing things. That’s like each state in Nigeria actively working for the state to be attractive to people and businesses and making its money. And not waiting for money to be coming from a center even if the state is unproductive and contributing nothing to the prosperity of the Nation. That’s one of the reasons China got to its current level - internal regional competition at growing regional GDP’s through hard work.

GeeKudi:
The people in ADC, LP (you didn't mention these two), PDP, APC et al are Nigerians. They are part of the 'Nigerian culture' we are talking about.

SonofElElyonRet:
"pull out the drain stopper"