Theconglomerate:
Nna still growing ooo.
I just dey go market to go sell like this.
I just hit the 100k capital mark yesterday.

Welldone.

CribsofLagos:



If you only invest in SEC approved ventures I wish you well.. Pettysave have been around for awhile and a lot of folks referred have no regrets. YES there aren’t SEC accredited yet to the best of my knowledge, but for over a year they have left no stone unturned in building credibility and sustaining the trust current clients enjoy. All investments are risky, I only shared an investment opportunity worth sharing. Cheers

There is a reason why people invest in SEC approved securities. If you don’t invest in SEC regulated ventures we also wish you well.

Do your customers have access to your financial statements? You say they have been here for long? Longer than GT bank? Or Nestle? Thanks. Will rather leave my money in those securities.

Theconglomerate:
Looks like the CBN is planning some desperate move to strengthen the naira this coming week.
Saw that they debited N216B from banks today so that there would be little naira chasing the few dollars they might release on monday.
Truth is,how sustainable would it be?
Can they do it?
Bittersweet moments!!
Cc Gonfreecss1.
What do you think?

Like you said, it’s not sustainable and these antics won’t deter from the fact that it is a game of demand and supply. People are still demanding for more dollars than they are demanding Naira.

PS - How goes the tomato business? Still growing I hope?

sellydion:
Thanks Bros. we are what we are by the grace of God

It is well!

Godbpraised:
Like I said if people are convinced, people themselveswould blow the trumpet of VGIF funds. I do not mean to discredit what his doing. But his overemphasizes of what his doing. I think if its a good investment people would come and share thier experience. Experience gained is worth sharing. I rest my case.

Loool! I have been following VGIF for years! It is a good fund. I dare say it’s outperformed many other mutual funds on average.

FBN - Fixed Income fund
United Capital Bond fund
Stanbic GIF
Fbn money market fund
Stanbic money market fund
Investment one VGIF!

I have been monitoring all these funds for years now, because they have been exceptional apart from recently when the money market funds have blinked out, and the returns on VGIF have been exceptional. They are always ranging from 3rd to 1st among the low risk funds in terms of returns. If I sat down and did the maths, I think they might be number 1 on average.

Don’t take my word for it, do your research.

sellydion:
Jamace,

Good for your enlightenments, somehow you still need to pick good stocks. Fundamental will matter on how far the stock can go in recovery. I know quick and good money can be made with your approach mostly 100% is achievable . I think that is what we are all in the market for .Yesterday trading should be expected. The blue chip still stay not affected. Definitely there must be some corrections before upward activities resume from time to time, it can not be a straight jacket to the promise land.

Any free fall now will make traders and the whole nation to lose confidence in the market, as such we should not be fearful else opportunities will pass us by. The result for IEI is for DEC 2011.

Keep investing

Good to see you as far back as 2013 preaching the Gospel of fundamentals Chapter 13 vs 5. Welldone Veteran.

ojesymsym:
I do not see how Nigeria can ever have a unified exchange rate, people who move in illegal money will always need the backend exchangers as well as those who are not necessarily doing anything evil but not want to be tracked.

People will always do evil things with currency, but demand and supply will still be the name of the game. Cc crypt0

ahiboilandgas:
am really tired of this unstable currency , ok thanks i will look into that direction ..saw some guys exporting used plastic bottles to Turkey.......

Really? How are they going about this?

You have a link?

ahiboilandgas:
i was just inform....of the unification....very painful ........in real term all our new sukus profits is gone .......is cbn now scammers .....madam shopey help me look for ireland companies looking to buying agricultural raw materials like ginger .....man need to earn in euros

Hahahahaha!

Sorry boss. This Nigeria en! Nawa!

DexterousOne:


The mindset issue o

It's very very problematic for us

Hope we will break free one day

There are no structure in place
No safety net
Every man for himself

Dog eat dog

So after hustling sweat and blood
.and I accumulate a small portfolio of N26.7m

You expect that person to be adventurous?

When there is high risk of losing it all?...

And no mild credit facilities (the banks credit here is killing )

So what do you want em to do

The indian have access to credit

First problem of that mindset is religion. Very huge problem if you ask me.

yMcy56:

Yes sir.
I'm currently using the 2nd handle....with 'y' in front.

Sorry dear. I was banned last week or 2 weeks ago too. Was surprised.

DeRuggedProf:


Hope the guy who said we were mocking him camouflaged and escaped the strong team from his village...

Hahaha! Prof no go finish us.

gamaliel9:


Meristem, Morgan, etc, the former even reminded me that i have not collected my dividend on WAPCO and UACN, and sent the share transfer form and e dividend form of CardinaStone and APR. Thanks

Thanks for the info.

bigjay01:


One might just buy their Rights on the floor if the bleeding continues till Thursday/ Friday


in anycase,
Have you explored the possibility of articulating your thoughts on media like nairametrics, proshare etc? Would they give it the time of the day?

Would there be any scope for litigation from AIICO?

Do you know what it takes to be a Financial writer on any of those platforms?

rmx:


Your seem to understand than most this issue of naira exchange rate and I have read with smiles a lot of discuss on oil and naira exchange rates and people not being able to see the correlation and how things eventually turned up and forming knowledgeable

Nobody is right all the time and knows exactly how things will pan out , but if peeps dint know by at least February/ March that things might go south with the naira then they should try to learn against future occurrence because it might happen again , don’t know when, maybe another 3/4/5 years if nothing changes . I think inflow of foreign investor dollars has been reducing since 2nd/3rd quarter last year and accelerated 1st quarter this year due to corona and collapse of oil prices , so we have now low oil prices and reduced volumes to sell due to demand shock and by forced cuts later

Will leave story of financial crises of 08/10 and how it affected the naira for another day

Dangote refinery might change the narrative as regards our import bill , time will tell

You are very knowledgeable too and actually understand the point I was trying to drive home.

The financial crisis you talk about is quite sad because it affected my old man. Some of his friends even died because of that period. The NSE was at an all time high and the crash that followed...

As for the Dangote Refinery, it’s one of the things that gives me hope and encouragement. It might start with oil and continue with many other things, let’s see how things go. I am little bit pessimistic, but I am hoping things go well. We all could use a little bit of optimism right now.

Tobex4realTobex234:
There is a reason why fund managers that have spent years studying the markets and long hours writing Python scripts charge commision on capital, and not on the profit.

Are you saying an average guy on Nairaland has more resources or information than a Wall Street fund manager? And if those fund managers cannot even guarantee investment safety, why do we worry so much about the most minimal of things?

I once saw someone on this platform say Dangote was wrong to have invested in the refinery business. Sincerely, if anyone knows better (in risk assessment), you would sure be richer consulting for asset management firms than being here on a faceless forum.

Every investment has a risk/reward component and everyone is urged to do their due diligence but when you actually engage in analysis paralysis and taking things to the extremely unlikely cases, then you will end up not doing anything because apart from you dying the next day, there is also the probability that the world itself can end anytime.

Well said!

I won’t be surprised if you said you are a Charterholder.

ojesymsym:
Please in the name of God, you have made your point known, don't get dragged into a needless argument.
You will soon get soaked in before you realize.

I don’t even want to bother again.

He has small partial knowledge about some things then jumps in like an expert. It’s funny.

Theconglomerate:
What facts are you talking about?
1)At the time,no one knew anything about production cuts as there were none.
2)Nigeria reserves has always hovered around this level even with oil at $70/bbl so what's your point about reserves?
3)No one knew how the markets were going to accept oil or how economic reopenings would be.So how would you know if oil won't jump back up upon economic reopening?
4)What If Emefiele and his gang says "fùck it" and sacrifice $10B to defend the naira again and damn the consequences,after all this government isn't known to be too logical and the reserves went as low as $23B 4 years ago and Nigeria didn't turn to Zimbabwe
So what's your point?

There were no numbers to prove anything,just a case of pure dumb luck.
Maybe you analyze better than Bloomberg that was silent on naira matters at the time for lack of data.

1. If you didn’t know there would be future production cuts, then you have not been following these things long enough. Note that in that period, there wasn’t even a production cut, it was just no sales! Worse than a production cut could ever be. So what is your point?

2. Also wrong sir. Go and check the historical charts of the external reserve and see how sharp it went down. Hovered around this? Lol! Bros! I am beginning to believe what those guys meant about your points days back.

3. I am not talking about oil. I was talking about Dollar to naira rates. In which due to the fact that oil had not been sold for a long time, would affect it and due to the fact as with number 1 above - production cuts! Like I said, if you have been following these things for a while you will understand.

4. Hahahahaha. If you don’t know why the Nigerian government decided to borrow money instead of spending down to that Number, bros... then there is still a lot more you need to understand.


You say luck?

I am not the bragging type, but my buying power says otherwise.

gamaliel9:
Some stockbrokers are working hard these days...imagine sending e dividend and share transfer forms to you and informing you how to fill them and MORE IMPORTANTLY SCANNING AND SENDING IT BACK TO THEM...this saves a lot of stress and money

Please which stockbroker is that?

Theconglomerate:
How will the money come how?
Explain please.

Won’t the money come through banks?

Was it not still you talking about how people couldn’t withdraw certain amount of FX the other day?

And government has not even started defaulting yet.

Theconglomerate:
What was the logic you had?
Because AFAIK,there was no logic on ground concerning international oil markets.No one know nothing then and Emefiele used that to market propaganda very well and we fell for it.
The evidence is just coming out slowly.
But he might not be done yet,I expect him to pull some last minute stunts on monday like the $100m stunt he pulled some weeks back and later succumb to devaluation pressures or another involuntary float.

You are basing your assumptions on what you think.

Not what is actually factual. What was factual to me was the oil price, and non-Oil-sales. What is also factual to me is the decreased external reserve and your government borrowing more USD to lump to that. Another fact? If the government used 44 billion USD to save the naira throughout 2018 with crude oil prices ranging from 50-70 USD per barrel...

And now... that same crude oil is currently on 40, with production cuts, and an external reserve less than 40 billion USD. It was enough logic for me to know what’s up.

I don’t need rumours on what CBN or Mefi will do. The numbers are there sir.

You said no one knew anything? Oga, it was you who knew nothing, that is why you changed your stance, because if actual facts backed your former stance, you wouldn’t need to change it.

NL1960:


So are you saying that all those that accounted for the 460% over subscription of the SUKUK 3 bond did not do any analysis?.

DexterousOne:


Well said

The risk of default is existent

But it is very very minimal

If its corporate debt we were talking about
I would have been more inclined to align with that thought
Because corporate bonds are always at risk of calamity

However. Sovereign Bonds are safer

Well said!

Theconglomerate:
please tell me how this will affect export oriented businesses
It will even favour them

How will the money come?

Will it fly and enter their pockets?

Hahahahahaha - una funny gan.

Theconglomerate:
When will it rebound?
1)Output cut=less revenue
2)low price=more less revenue.
3)Second wave of coronavirus.
Oil is dead for the year
Come June 21,CBN won't still do nothing and abokis know this,reason why dollar go up again today and they are buying at high price to lure more people to sell to them, upon say CBN say monday they will make naira stronger than dollar..
They know CBN is all bark and no bite this year

Boss. The other time shebi you were shouting Speculators will soon lose their money?

Now you are saying this?

Even Oga Ahib shouting dollar this or that has once championed that Naira this or that. I remember. He argued against me once here, when I was arguing with many others.

My conclusion is that many here base their analysis on their bias based on their emotions at that point in time. Not the actual logic on ground.

NL1960:


What is even the issue in paying Naira denominated bonds that people want to break their heads over?. If there is no Naira, will CBN not simply print more Naira to settle people?.

I tire o. Ki ki ki ki

pluto09:


I am not saying people should not invest. I am an investor myself.
I am only saying that our economy is not in good shape and cannot be compared to that of USA

I didn’t compare our economy. I compared the debt, especially relative to printing money.

2 different things.

DexterousOne:



Lmao


You over analyse things too much

If war breaks out
Prolonged war

The currency becomes useless
No matter where you invested

Your real estate becomes useless too cos its liable to bombing and destruction

And businesses wont run either


So regardless of where you go

If conflict/crisis occur

Losses are sure


My only wish is that the incompetent man we have in Aso Rock does not mortgage the futures of those coming behind us with his wrong decisions

This is my point!

If what they are saying is true. They shouldn’t even be on nairaland or own anything in Nigeria. They should be in another country right now! Looool!

Many things won’t survive that default. Lol!

ukay2:



Loooooool


Let me see 16.25% FGN Bond 2037 at discount price of 25% and I will not jump in

Let FGN collapse on all us make l see

Over analysis leads to paralysis

In as much as I like the apocalypse talk. People thinking FG defaulting won’t affect other things is funny. There is no business that will escape the wrath of that default.

ahiboilandgas:
please na so people in Greece think and Agentina .....u think if war break out any bonds will be honored or military take overs or if no revenue to fgn and no futher debt investors to do roll over

Same thing with the money in your bank account sir.

What will make them default. Money in your bank account too is at risk.

By your recommendation, my advice will be everyone run away from Nigeria! Remove all your money! Turn it to crypt0 or USD, GBP, Euro! Anything! We will lose it all! Let’s run to Canada!

ahiboilandgas:
there is a default risk too....Nigeria has a revenue problem....i dont know how to explain to u ...

Sir. I know the revenue problem all too well, the problem is you thinking money in the bank will be safe too.


Understand that all this things are tied together.

Mcy56:

Na so nah. Though he doesn't deserve apology cos he was warned......but let him apologize to calm the guy's nerves at least. Lol.

Abi! It can go a long way.