Ghm's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 9:44pm On Nov 27, 2024

Picky1:
Please who is Aradel Registrar?
SEPLAT landed quietly - great guys....nothing from Aradel yet though haven't filled their E-mandate form!

My Aradel landed quiety this evening,

Politics › Re: Gov Adeleke Displays Football Skills As Excos Clash With Lawmakers by ghm: 2:33pm On Nov 25, 2024

jattopeter:
See the football field , Ah Ah this country.
I laugh at average Nigeria Person defending any Politician.
We deserve more than what we are getting.

The worst pitch in the poorest part of UK can never be as bad as that pitch and anyone can play there as they like at any time.

Politicians used to have shame before, they would have glorified the pitch for governor to play but these days, no iota of shame any more. The state governor and lawmakers can use it like that now.

Who did we offend in 9ja?

Career › Re: Japa: Senior Lawyer Shuts Down Chamber In Akure To Become A Cleaner In The UK by ghm: 1:58pm On Nov 25, 2024

Okay o, just be writing about someone one who moved on and keep praying that no bad thing will happen to you.

... that cleaner in UK can never lack food, there are several free Soup kitchen he can collect food from, if he faints, ambulance will be there in 7 minutes and he will be resuscitate and treated immediately. That is the lowest he can be. In few months, as someone said, water will find its level.

5 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 2:11pm On Nov 19, 2024

I want to open a new stockbroking account kindly recomend a reputable broker.

I prefer a broker with the following:
1. A versatile online access with trading, deposit, withdrawal features.
2. Margin facilities
3. Loan facilities.
4. Advisory, recomendations, research, histpric and current data services.
5. Good customer Service.

I will appreciate your response please.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 10:02am On Nov 15, 2024

freeman67:
FBN Div just landed. Na first Bank account sha ooo.

Same here, FBN Dividend landed.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 10:27am On Nov 04, 2024

Agbalowomeri:
It is just because you guys are not aware about how those cowboys make their money. Tony has changed now because he has had his fill and want to enter billionnaire list. Reason you see he is pro-shareholders.

These guys make way more money through their chuachua. You think Wale no dey chop for the past 10 years wey Oando no give dividend?

Agreed that the company should not be hurt in such a way that it will erode its values, but sincerely, a company that is big enough to be listed should pick up all the bills and perhaps indulgencies of its CEO.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 10:12am On Nov 04, 2024

mikeapollo:
You sincerely believe or think a rational, educated person would struggle all his life to establish a huge company like Oando from the scratch, and then start chopping ''admin expenses'' in order to sabotage the profitability of the company, such that it could lead to the eventual collapse of the company and loss of all his investment?

Thank you. I don't think a founder will do that to hurt the company he built buy would rather declare profits for the company and cause the share price to go up and thus create more value for himself through his x% or so equity/stocks in the same company? On the other hand, one can also sell a tiny percentage of the equity/shares to enjoy if need be?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 12:56pm On Oct 25, 2024

OakPearl:
Only NIDF pays dividend quarterly at the moment.
Monthly dividend to the best of my knowledge doesn’t happen in Nigeria except in the US.

I don't know much about NIDF. Do you think NIDF is good medium to long term buy?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 12:27pm On Oct 25, 2024

OakPearl:
Only NIDF pays dividend quarterly at the moment.
Monthly dividend to the best of my knowledge doesn’t happen in Nigeria except in the US.

Thank you Sir.
What of Seplat &, Aradel? I thought I heard someone mentioned they pay quarterly. I just want to confirm.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 11:50am On Oct 25, 2024

Good morning All,

Do anyone has a list of companies in NIgeria paying dividends quarterly (or monthly)?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 11:49am On Oct 25, 2024

phadriz:
For instance Company A is a listed company and can get a product from Company Z (an external company) at 3m, the major owner of company A have a company called company D and give company A 20% holdings there to establishrelationshipin the group. Company A will pay Company D for the product upfront at 4m, then company D will buy it from company Z at 3m to supply company A. Anytime the major owners of the listed company (A) needs money they collect it and ask the finance to book it against company D interco.
The staff of company A will be the same staff running company D, yet they will be booking fictitous expenses in company D. They will get one hungry mushroom auditor who can dance to their tune to audit company D

... and submit the report as at when due. That is not so difficult, don't we have hundreds of company doing exactly that?

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 10:47am On Oct 25, 2024

megawealth01:
The bitter truth is that E go hard for Wale to change. E fit be say leopard go change skin easily than Wale change?

If this is true, for the company to get to the next level, then it is time for him to become the Chairman and hire a CEO that will take the company further and make Energy money for him and the other shareholders.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 9:44am On Oct 25, 2024

BabsO2:
He founded the company. He decides how things should go. Investors are free to sell their shares or start their own company .
Nigeria is still extremely under-developed and needs many more entrepreneurs to set up big businesses like Wale .

Big businesses are good and the world needs the entrepreneurs. However, we need good/great entrepreneurs and not cowboys. Coyboys can run their private enterprises and choose to report whenever they like or not to report at all, it is private. If you list your company and you take money from the public, you must abide by the regulations in the best way possible.

What the world needs are people who have regards for established standards and order.

Reporting falls in the purvue of the CFO, if the CEO cannot get his CFO to do just that, then he should not be the CEO except he is the one stopping the CFO.

5 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 9:34am On Oct 25, 2024

Streetinvestor2:
It would have been a good news if they are saying the truth but it is a big lie.That cbn guy and finance guy got thr blessings from Muhammad lair the formal minister of information
The reserve can not be going up without impacting the exchange rate positively

Foreign reserve is foreigh reserve as someone said. It is like a switch and it is transactional, it is either there as an amount or not whereas the exchange rate is neither a direct switch or transactional in nature, it is affected by several factors. The calculation and the reporting is not also at the same time.

If foreign reserve is increasing consistently for some time, and all others things are equal, the positive impact will be visible on the exchange rate and it will be stable and sustainable.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 7:34am On Oct 25, 2024

Truth be told, OANDO needs to sit up, a listed company with over N 1T market capitalization should not be having these type air about defaulting in scheduled reporting around them. We are talking about a multinational, highly capitalised company in one of the most established sectors in the world.

The management should start by firing the CFO and replace him with a professional who is ready for world/best-in-class standards.

5 Likes

Foreign Affairs › Re: Niger Republic Is Transforming Its Desert To Farmlands by ghm: 2:33pm On Jun 20, 2024

Zxcvbnmghtr:
Charity begins at home. How many people care to make their backyards productive? How many?!!! Always blaming the government for everything.

Thank you. Most people didn't read that it is a private farm and not government farm.

We just like blaming government for everything. The money to set up that farm is less than what we do blow in a party in one weekend as a people. Most of our cities are full of drnking joints and those in that businesses are becoming billionaires because the business is good. What national productivity like this do Nigerians embark on?

... let me stop please.

1 Like

Travel › Re: Aerial View Of The Aguiyi Ironsi Road Constructed By Alex Otti by ghm: 11:05pm On May 31, 2024

YorubaForum:
So Aguiyi Ironsi was killed in ibadan? Chai, and we are blaming only northerners for his death

You see this ewe-du demons are not worthy to be called anybody's friend.

Hmmm, I really learned alot today.

... he was killed with Adekunle Fajuyi in Ibadan. What next.....

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 3:17pm On Jan 11, 2024

fxtree:
Greetings all. I work in Nigeria but earn in dollars. I have always been reluctant to invest in stocks, as my dollar-denominated salary has significantly hedged me against the constant slide of the Naira. Lately, the thought of diversifying into stocks has been recurring. Will buying stocks be as profitable compared to saving in dollars? I am in for the long run (5 to 10 years). Kindly advise. Thanks.

It doesn't matter what you earn, you are missing out if you do not invest in equity, either locally or globally.
You will be good with dollar denominated stocks. Google, Tesla, Amazon, Nvidia etc. There is a thread for it on Niaraland, go there and equip yourself.

However, since you live in Nigeria, I advise that you should also invest some money in Nigeria stocks maybe about 10% of your investible funds. Buy solid stocks that pays dividend and watch it grow.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 11:20am On Nov 02, 2023

Deadlytruth:
I see MB doing wonders too either short term or medium term.

It seems MB is not available.

Travel › Re: Nigerians In The UK Are Really Suffering by ghm: 7:11pm On Jul 08, 2023

wegevv:
Tories were under some pressure from UKIP and Nigel Farage when Cameron was seeking re-election. Cameron decided to promise a referendum on EU because he viewed it as an easy way to appease the far right minority in his party that were clamouring for it. Many of them were only doing so because they feared losing their seats to UKIP. Surely the UK population would never vote to leave right lol

Unfortunately for them, Boris Johnson saw the referendum as an opportunity to boost his popularity among the far right conservatives to maybe one day become prime minister and suddenly it wasn’t just some far right movement.

Cameron was openly against leaving even though he was the one calling the referendum. If Brexit won he would be forced to resign, which he did. I doubt even Boris really wanted Brexit. It was just politician after politician climbing on the movement for their own personal ambition. In fact many of them did so because they believed it would never actually happen.

Just comical all round.

Well. I used to think so until I spoke to several UK citizens and found out that many people actally wanted Brexit even though there weren't much justifications to non-UK citizens. The poll was actually a true representative of what the people wanted.

The major problem is the preparation for it's implementation wasn't as solid as the politicians made the citizens believe.

1 Like

Politics › Re: Tinubu Announces Gbajabiamila As Chief Of Staff, Akume As SGF by ghm: 1:53pm On Jun 02, 2023

BreconHills:
Do you even understand these positions and what's needed? These jobs require extensive political experience and networks.

There will be younger people behind the scenes managing Calendly, Tidycal and Microsoft project apps.

Thank you.
... and in the future, only those young seemingly obscured people behind those old and experienced politicians will take over from them and not social media analysts/commentators/complainers.

1 Like

Politics › Re: What Is Your Take On The Fuel Subsidy Removal? by ghm: 9:40pm On Jun 01, 2023

Some of us are tired of hearing about Subsidy removal. I have been hearing that as a teenager under military administration. I am above forty years old now and the same is still being discussed. Other issues we should be tired of are:

Turn around maintenance
East-West Road
Second Niger Bridge (Thank God we will rest from this one).
Railroad construction
Ballot box
devaluation
etc

Haba, move on Nigeria. Let it be removed once and for all for ever. We will survive. What we need to do is to hold our leaders accountable, first by taking them up on excessive extravagance as public officers like having several expensive cars and endless entourage/escorts etc.

Politics › Re: Peter obi: Dangote refinery will give us Additional Savings On Foreign Exchange by ghm: 8:04pm On May 23, 2023

Let me attempt to answer some of these questions as I know it. Others may please add.

PNomsule:
All these band wagon appraisals, abeg!

1. How would the crude be transported from point of drill to the refinery and in consideration of the plausible congestion already in Lagos? The crude will be sourced from 3 continents and will be brought by tankers(crude transporting ships) and will be dislodged through the new port in the same location.This also applies to the crude that will come from Nigeria (Niger delta or deep offshore.

2. What sort of regulations would be put in place to see that Dangote Refinery doesn't exploit her end users? Dangote refinery is a private entity. He will still buy crude at the prevailing international market prices from NNPC just like other customers, so nothing really has changed except the cost of shipping from Europe/Asia that will no longer be necessary. The refinery will also sell to other African countries at prevailing int'l market prices. It is good to know that international prices is transparent, so any differential will be frowned at.

3. Would govt discontinue the subsidy payment given Dangote Ref would be able to supply more than the daily required fuel consumption by Nigerians? this is entirely govenment decision and has nothing with Dangote Refinery (DR). e,g, If DR is selling at 10kobo, government will buy from DR at 10kobo and can decide to sell to Nigerians at 6k and thus subsidised by 4k. It is solely government decision.

4. How much is Govt stake in this supposed private entity? The last time I checked Nigeria through CBN bought 20% at $2.6B, it was described as a strategic move to compell DR to buy 300K barrels of crude daily from Nigeria.

5. What alternative plans would the nation have so we don't get over reliant on this sole refinery especially that it's run on a single train?Importing option (buying from EU or Asia, that has been used for decades will still be open for use. Secondly, modular and other refineries should spring up.

1 Like

Politics › Re: “Nobody Can Be Nigeria's President Without Getting 25% In FCT”—Kadaria Ahmed by ghm: 2:17pm On May 23, 2023

Supremos:
I know you're petty. I'm not among the framers of the constitution.
Deal with it. The constitution has already given the conditions for one to emerge as president.

1. Majority votes
2. 25% of votes cast in 24 states AND
3. 25% of votes cast in FCT.

If it's not okay by deal with the constitution

Oga, with due respect, at times, it is better to be a little bit thorough and check things out so that one will not be giving misleading information unknowingly.

In section 134 of the constitution, it is 2 conditions that were stated and not 3 as you put it here. Your No 2 and 3. are put together as the second condition in the constitution. it will be misleading for you to put them as 3 separate conditions instead of 2 the way the constitution put it.

Presenting the conditions as 3 the way you put it here will require little or no argument but that is not how the constitution put it. Puting it as just 2 conditions in the consitution requires experts interpretation. That is why we need to leave the interpretation of the second condition to the judiciary to clarify once and for all so that this won't be an issue in the future when similar situation arises.

Please see a screenshot of the constitution you quoted below.

Investment › Re: Us Stocks Pick Alert by ghm: 7:58am On May 16, 2023

Mimiwems2:
Am new to this thread. Someone introduced me to. Bamboo but I try to understand the app.
How can I invest in a company that pays dividend either weekly or yearly.
I will appreciate your input

It is good you have defined your own strategy for investing. It will help you to focus when other people are expressing their own.

I am not aware of any company that pays dividend weekly but dividend-paying US companies pay monthly, quarterly or annually. Instead of giving you fish, it is better to teach you how to fish. Kindly google dividend paying companies and do a little research to get a list by yourself. You can check a couple of sites, compare the results and make your decision. You can share your results here so that people can give further advice.

Please note that if I am to give you direct answer/list, I will do exactly what I have asked you to do, "Google it".

4 Likes 1 Share

Politics › Re: Ousmane Yara Explains Tinubu’s Link With Guinea, Addresses Helicopter Video by ghm: 4:49pm On Apr 25, 2023

Perewenkle1:
This is what I find very troubling with our people and how we defend guilt as clean.
The constitution is very clear. “You can not hold another country citizenship and be a president of Nigeria” this was to avoid double agent, which country can you then defend.
Honorary citizen does not confer you the country’s passport, we all saw Tinubu and his pictures affixed on Guinean passport, a clear violation to be president of Nigeria if he did not renounce his citizenship before running for Nigerian President.
Another Supreme Court interpretation of honorary citizen, Supreme Court interpretation of 2/3 of 36 states “And Federal territory” they will lie and make us look stupid in the international arena.

Oga, I don't know if you are a lawyer or not but I am not and I keep learning everyday from experts and technocrats in various area. The former Chief justivce that is best positioned, experienced and informed on the issue of constitution and law has explained the dual citizenship and electroal office elaborately, you may check his interview with Arise News from the link below.

https://www.youtube.com/watch?v=UaM2tFXKhGo

Let's have a learning mindset and continue our lives.

Health › Re: Man Slumps And Dies By Roadside In Port Harcourt (Photos) by ghm: 2:22pm On Apr 12, 2023

judatech:
You mean everyone was just watching the guy die? 🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️🤦🏿‍♂️

Thank you for asking. God will deliever us in this country.

I was an eye witness of similar thing in a remote town in UK. A woman slumped, hit her head on an iron bar, she was lifeless on the floor. People rushed to her, they gave her water, another brought cloth and another called an ambulance. The ambulance came in 7 minutes, took the woman away and 3 days later she came around healthy with bandage on her head. thanking everybody in that area for their help that her life was restored.

Why should people be looking like that when there is a vulnberable person that really need their help? This is not because of Buhari, Wike, APC, PDP or LP, this is what Nigerians are becoming. We have to start doing better please.

1 Like 2 Shares

Investment › Re: Us Stocks Pick Alert by ghm: 3:01pm On Apr 06, 2023

yok:
THESE DAYS. COUNT ME OUT OF THE GAMBLING TYPE OF STOCKS
Today, we bought LPG (DORIAN) on the basis of fundamental and good chart pattern.

Sir, it will be good if you keep this type of information (in red above) to yourself in your heart and not display publicly to people like everyone of us who invests in the stockmarket does. It distracts and put people under unecessary pressure. Thanks.

3 Likes

Investment › Re: Us Stocks Pick Alert by ghm: 5:05pm On Apr 03, 2023

OakPearl:
GFAI on steroids.
Left the $13.04 bus stop posted minutes ago!!
Got to over $17, now $16.61!

Chief,
Let me post this to encourage you that you have people that are listening. I got 55% of GFAI already. (As a matter of fact, I have picked some hints from you that really paid off in the past. Kindly keep up the good work.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 11:00pm On Mar 30, 2023

onegentleguy:
Final Dividends Distribution Paid/Payable So Far in 2023

#copied

Thanks for the detailed work.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ghm: 10:55pm On Mar 30, 2023

onegentleguy:
Final Dividends Distribution Paid/Payable So Far in 2023

Thanks
#copied

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