ahiboilandgas:
Under 40 marketer used other people money to have big turn over in their oceanic bank coperate accounts with a 14 by 14 office location inside container to trigger bank to buy product in million s for them to sell ....end up in premium tears and Amcon.....ramanniya depot move from a palm oil dealer to a depot owner with zero asset no aduited report no balance sheet no long grammar( Alh can even hear long accounting grammar ) just hunderd of millions paid via this by marketers located in far north...boom ocenic bank built the depot and still operational and doing NNpc triput ......book ,grammar doest work in Nigeria

I think u know ur onions in this oil marketing stuff, what u lack my dear is purely connection.....

Though many seem to gloss over it today, the idea of corporate business was really to fleece the masses, history tells of people in old America that went from being multimillionaires to very poor that can't afford 3 square meals daily, till corporations came into being


Corporations afforded the elites the ability to borrow money from banks and never paying back with consequences.........


My dear get the connections and see whether u too will not join this league

Intendy:
Stocks with new 52 week lows

Transcorp hotels #3.25k

Pharma deko #1.35k

Stock with new 52 week highs

Mcnicols #0.73k

On transcorp hotels
This is one stock covid will give opportunity for many to enter....... It's on it's way down..... How low I don't know but it's definitely going sub #3.....
On a normal year it should have approached #6

A good stock with prospect for 100% capital appreciation in about 15 months time

DrAwo:
It's indeed amazing how discussions on this thread has gone from investing to gambling...

Is that what we have become now? Maybe I am being too critical though...

Happy investing...

Sorry... My mistake...
Happy gambling...

Sir, kudos to your good works, different strategies are rife in here.....,

I'm currently sitting on over 100% profit on all stocks I bought during covid saga

Please help me and the house by announcing stocks that are overpriced as the reports starts churning in

I still see a little steam in the engine of some stocks notably wapco grazing #40,zenith smelling 30 bucks, uba kissing #10

Cc
All nsempa nembers

currentprice:
@OGG welcome back. i gain one or two things from ur post late last year.

i use to jump pass ur long post before but i read now.

advice: for the sake of newbie try to post full meaning of most of the abbreviation "BS , CGP , CPR, HBP etc "

HBP. High Blood Pressure

Transcorp for me will fall back to sub #1 prices after this euphoria passes away.....its hotel business was in crises during lock down and with more imminent lockdown business will be hampered..........

Transcorp energy sector is being owed a humongous amount by the federal govt that has no intention of paying back

This new oml deal is a good one by Transcorp but Tony would need to relearn how to run this machine, Tony is a guru at portfolio investment but fails woefully @ commodities.......... His foray into agriculture comes to mind


Something tells me this deal announcement would be used to calm investors down for the impending disaster that would be reported in the full year annual report

In my own opinion I think transcorp is the place to be if one can get it @ sub 1.50 in the medium term, we will all wait to see if this tokumbo machine that tony purchased will deliver..... I see tony strategically targeting Dangote refinery and India as main customers

I sold my transcorp at 0.73k but would gladly enter this bus back after the announcement of full year report


Covid19 will decemate transcorp to pieces as there was no business

Business is just picking up


Transcorp fully on my radar now

samguru:


If a company reports profit at the end of the FY is not an assurance that you will get dividend from them .
On the other hand,a company that reports loss at the FYE can still pay dividend from their reserve.

Your guilding principle in stock market investment should be centered on the future performance of the company you have invested your money

E.g Google has not paid any dividend for years and yet investors keep buying the shares with the
hope that the company will do well in the future.

Back to the matter,Julius Berger is a good company to buy and the fundamental is still intact especially now that the company is diversifying into agriculture.

Come rain,come sunshine,JB will still be counted among the company with better returns

We all should watch out for JB and their moves on Agriculture.....,,,Big time farmers are all waiting for Dangote urea plant to kick off production and crash the price of urea(N), a major component of plant Nutrition......

I would really love our members to dig in and find what JB strategy in Agriculture is....,, probably might be to construction of Large scale Agricultural structures like mills, silos and dams


..........Just thinking out aloud as NaijA is on d brink of a new Agricultural revolution

PETERiCHY:


Unclaimed dividends and bank account balances unattended to for at least six years will be available as special credit to the federal government through the Unclaimed Funds Trust Fund.


Any unclaimed dividend of a public limited liability company quoted on the Nigerian Stock Exchange and any unutilised amounts in a dormant bank account maintained in or by a deposit money bank which has remained unclaimed or unutilised for a period of not less than six years from the date of declaring the dividend or domiciling the funds in a bank account shall be transferred immediately to the trust fund,” the act read.

According to the Debt Management Office, Nigeria owed $31.98 billion to multilateral lenders like the World Bank Group, International Monetary Fund (IMF) and African Development Bank (AfDB) Group as of September 2020.


https://www.thecable.ng/fg-to-borrow-dormant-account-balances-unclaimed-dividends

Day light robbery.........For newbies this is one reason everybody keeps screaming read from page1 so that you can understand what u are investing in

For the govt to create this decree to have access to this funds means the funds must be humongous.....

I'm surprised well meaning Nigerians are not voicing up to this.........There was a time marketers filled the whole of Lagos streets begging even fish sellers to buy shares now see the result.......


I also think GTL registrars in Lagos knows about this and might be sitting on the highest numbers of unclaimed dividends

I believe GTL registrars want to frustrate many away from their rightful dividend claim

Dupeodus:


Capital Gains Tax is in the Nigerian Tax Laws. Every nation in the world taxes capital gains. Nigeria has the lowest tax receipts as a percentage of gdp even among West African countries by a very wide margin. We want government services but do not want to pay taxes. Would the money come from the air? We cannot continue to use the excuse of corruption to resist taxes.

Nigerians are not afraid of any form of tax that has been or that will be imposed on them......................... What we cry out against has always and will always be the amount plifered away......... Its always way bigger than the reported tax revenue

Ikpumbe1:
Thank you all for your responses. I am now sure that my plate number is not fake. I am at the police station waiting for the arrival of the IPO and DPO. A police man that was part of the squad that I spoke to still maintain that the plate number is fake since it is not on FRSC database. To them that is the only database they know. He also said that if they release the car, it may not be with the plate number since it is 'fake'. The DPO will have the final say when he arrives. After then I will know what to do.

op next time u have sufficiently proved that the plate number is yours and original, please speak their language, the only language police understands...............

now u need DPO to minute on your case while the bagger that caught u has gone back to checkpoint and u r languishing in their cell this festive period


At all at all next time just grease them 2k before them carry u go station

emmanuelewumi:



Just came back from my in laws place on the Island and I saw the advert of one of the digital agricultural Investment promoters from Adeniji to Iyana Oworo.


SEC ought to be hard on all Investment promoters who seeking funds from the public, another one called Oxford Agric has a massive bill board at Maryland Lagos

Agric truely pays but not in the way most digital agricultural schemes market it.......I once was discussing with a posh babe and couldnt stop laughing histerically when she told me Yams grows on trees, yes she said yams grows on trees and are harvested by plucking the way they pluck mangoes and guavas from trees.........

This was someone coming to seek my advice on the choice of digital agricultural scheme to invest into


A lot of people investing into this schemes fall into this category never understanding the nature of the risk involved


many farmers in my community are still grappling the havoc caused by covid 19.....so many crops failed as many farmsrs were locked down

Seunn11:
Fair value for fbn is now 19.05 This is not a recommendation.

Na so !!!

Wars can never end If one is expeccting the other person to give up............................ Oga Ahib pls shun that revenge spirit and gloss over, Time will definitely heal everything

emmanuelewumi:
Amen, it is now a prayer point.

God purnish Religion

NaijA, we so love bragging rights

I thought that war was over.......

Let's all try to avert the 1914 event rehappening in 1945

NL1960:


There is an example of somebody given here that earns N4m/month and still steals from the company. Is N4m i.e. N48m not enough for the person to live a comfortable life?.

its not only about the money or salary, how are people recognised and celebrated in the society.............Take a look around all you see is everyone basking in how much money they have gotten.........There are no master doctors, lawyers , footballers, stock traders, technicians, even no master street sweepers, everybody is just focused on getting richer........

when one watches the way developed societies solve problems you cant help but admire the genuine commitment they put forward in trying to get solutions, you can never get that if all one works for is just for the next payday, this is why there is so much theft and plifering in the country

There are no recognised and celebrated doctors, lawyers, teachers,bankers, hairdressers, fashoin dezigners........ There are no recognized and celebrated master crafts men in the country for younger generations to look up to.........

Many of the positions Nigerians loose to expertraites are just for no other reason than TRUST, while the expertriate is working towards building a name for himself, the Nigerian is just working for the money, so tell me if I am paid 800k a month to be in charge of a process that consumes 15 trucks of diesel a day and i discover a way to make it consume only 13 trucks of diesel a day why should i report this discovery to higher management If all I look forward to is just my salary

emmanuelewumi:
How reliable are these figures, I think this is debatable

U trust Nigerian Data at ur own peril, where cows are counted as human beings or where a whole village can be imported from Chad to boost count........


To say the truth No body can Say for sure what Nigerias population is, what we have got are just intelligent guesses

ultron12345:


My brother, Nigerians are the most fraudulent and wicked set of people. It's puzzles me how a people can be so religious yet so wicked.

I remember when a friend started poultry business. He was a busy person with a job so he hired a manager to run the farm. The egg production was always so low, which led to low revenue and he was unable to recover costs. He was busy complaining about how the economy is bad and how it's government fault that he's not making profits, not knowing his staff were the ones behind it.

He however noticed that on the few days he's around at the farm, the egg production will be x3 of the production when he's not around. After investigations we're carried out, it was found out that the staff were stealing the eggs and smuggling them out to go and sell for themselves. They'll come with cooler of their lunch in the morning, as their leaving in the evening, the cooler will be filled with eggs.

After finding this out, sacked some people and made new policies, all containers and items brought by staff should be kept at the entrance and not allowed into the farm area. The staff then started a new strategy. They would break the eggs and pour them into plastic bottles, throw those bottles over the fence, gather the bottles when they leave that evening and sell to bakers. The security men were even still allowing then to take in their coolers and other containers as long as they get their share of the looted.

He also had a policy that when any chicken dies, he will give it away to the staff. Before he knew it, mortality rates started increasing. On investigation, it was revealed that the staff were intentionally killing the birds so they can be allowed to take them home.

Nigerians are the problem of Nigeria.
The only reason many Nigerians haven't stolen government money is lack of opportunity. The thief who hasn't gotten an opportunity to steal thinks he is an honest man. These thieving staff will still be among those shouting government is corrupt when they're not any different. Every people deserve their leaders. Nigerians have bad leaders because Nigerians are bad people. A bad people cannot give rise to good leaders.

He eventually shut down the business as it was becoming too difficult to deal with these staff. That was how they fraudulent attitude of Nigerians kill businesses that are supposed to create jobs. And after, the thrives will be blaming government for lack of jobs.

My brother we Africans should find a way of appraising the grain grinders in our midst, In every organization I have been to and worked this attitude is rampant, when one looks into Europe and the developed world, they are littered with all sorts of award and recognition that all manner of workers aspire to other than money,

I'm not condoning theft and pilfering in any form but when workers aspire only for the monthly pay or money only, I want to believe this kind of thing results

If one checks out many factories and production facilities in the country, we see capacity utilization of less than 35% meanwhile same facility in Europe gives more than 85% capacity utilization, it's not really so much about the knowledge gap but that the developed world rewards individuals for productivity as opposed to in Africa where colleagues look down on those that are hard working as fools

ahiboilandgas:
In flour milling companies in Nigeria there are failed production called damage this normally gather and evacuated as waste .. (but can be sold ) at around 800k per truck ....Managers found out in connivance with production manager trigger production line issue baam we have tonnes of damages ( na senior management weekend money )...failed production keep increasing untill Turkish engineer where brought in and only the Turkish m.d can approve allocation of damage spaghetti.....damage production done dissapper.....

This is one of the biggest problems in management
How to align management goals with owners goals
Till today the best Nugerians have gotten in solving this problem is bringing in foreigners whose social inclinations are to their home countries.........
The developed world is littered with all manners of award and recognition for people to strive for

Take flour milling for example there is no recognizable award yearly for the flour milling champion. That cuts across d industry.....an award newly recruited millers can look up and be like " I want to be like that someday"........ Rather everybody's eyes is set on money therefore why wait for salary when one can induce damages and get his cut............

Nigerian leaders should start recognizing competence especially among indigenous folks instead of being afraid of it

DexterousOne:


So your argument is....
Because of the cumbersome nature of jumping through those hurdles to get the dividend mandate sorted out, many just abandon it and write it off......
well, that could be the case sha

But between the money going back to the company /registrar or whoever collects the statute barred dividends
And the government taking the money under whatever guise, or for whatever reason,
I think option one is better
Nobody should trust the Nigerian government
The SEC is trying sha
But the dividend claims process could be made even simpler

I know of a man that just kept buying up shares during the share craze....... He bought for all his children in different banks, He bought for his mother, He bought for his father and his siblings, He helped out some of his friends too to acquire shares in different banks, all to the tune of 25 to #30million.............................................................................. He started letting all this things out when things were not adding up, the few certificates that finally arrived by post some of this banks are now dead, I can imagine the stress he would have gone through in trying to recover dividend of his father and mother that has got some weird signatures...........

The fact that we are here on this thread on Nairaland shows we are learned a bit, but the bulk of the wealth Nigeria holds is in the hands of many unlearned folks who have got bad or would i say selfish advisers surrounding them

Paper work might be breeze for us but there are billions of millonaires out there that cringe at paper work

Lazyyouth4u:

If that 4 million was invested by a good investment house in 99, it may be worth 30 million today. Who knows? That’s the point of retirement savings. Your contributions (and your employer’s) are invested for you by the pension funds.

The government has no control over the funds. It is all with the chosen pension funds’ custodians.

if majority of the stories coming out of the pension schemes had been sweet, maybe I might have not taken this stance.....

Most people that need this pensions do not get them and when it comes it's never on time.......

May God never allow any of us be among the people that would need the money tied up in a retired savings account for survival and upkeep..

ojesymsym:
Stop pension? So what happens to your elderly in the society when they no longer have the strength to lift their arms.
Have you see how those in the informa sector live in their old age because they do not have a formal form of pension plan other than relying on their children?

If Nigeria had been Germany I would have swallowed this point but me and u know our country wella........all this arguments sounds good on paper but implement in real life becomes difficult

Moreover the kind of pensioners u are describing have poor kyc documentation and I know how they will be treated, many would die trying to collect their pensions

It's just like the way GTL registrars are hoarding Julius Bergers shareholders dividend

My dear Fear Nigeria o

I'm of the opinion that retirement earnings contribution should be scraped, the unabated and rapid decline in the value of the naira does not favor the concept of long term savings......

Why save up money for another human being to use up at current valuation only to return it at some very long time in the future with a lower real purchasing power

The govt already see this as another form of revenue hence their eyes are on it......, free money on the table

It's better I consume all of my current earnings than gather it up for someone else to consume and pay me in a counterfeit coin

#4 million could get u a story building in Lagos @ 1999, today u must have #30million

#4 thousand naira could get u I pass my neighbor gen today u must have #25thousand

Never focus on the money focus on what it can buy

emmanuelewumi:


Cecilia later became a banker by virtue of working at Oceanic bank, she was a secretary to Baba and later became his wife.


What happened to Oceanic bank, it was mismanaged and taken over by Ecobank

This is the summary of the Nigerian story

Now talk had shifted to AIG, I have noticed that he has been steDily buying up wapic insurance shares at sub #1 mostly below 50k


What could he be up to

emmanuelewumi:



He is knowledgeable, having trained as a business and commercial lawyer with specialization in maritime law, oil and gas law having been trained in the law firm of FRA Williams.

He he just a gamblers who gambles with shareholders funds, enjoys biting more than he could chew, greedy and reckless. The company also bought a company on Toronto Stock Exchange at a premium, I learnt they later sold it as t a loss

The current Oando is empty, Wale sold all the profitable subsidiaries using corporate restructuring, financial engineering and all sorts of tricks in the book.The shareholding structure of the company is so complex, using all sorts of shell companies.

I can see why Dangote and Bua sucks Indian assholes

NL1960:


OandO was well disected in stockmarketnigeria.com. if that site did not go down, i would have been referring people to the OandO section for them to get all they need to know about OandO. The kind of financial engineering those Lawyers running OandO were doing was out of this world.

when lawyers do finance and engineering combined, na one chance be that, financial engineering that makes you tie up #400billion out of #1trillion on intangible assets that could not give rise to a patent or lead to a form of monopoly...........

Lazyyouth4u:

This is interesting. But to be fair to him, if oil prices never fell, that Conoco acquisition would have taken Oando to another level. Nobody saw the drop in oil prices coming and it could have happened to anyone. I actually like the guy.

It only shows Wale is not knowledgeble of the oil industry or was just after his cut, even a fool knows that oil prices at those highs was not sustainable, the middle east at that period was at war and there were rumors of wars every where.......... u cant be at war forever

With all the money oando made at such period look at the shells and peanut they purchased

DexterousOne:


It's very simple
BOOSTING PRODUCTIVITY

Nigerians (well most of us anyways ) don't have the mindset that is requisite to create wealth
We are either looking for luck, destiny helpers, praying our way into it, looking for rent seeking opportunities, or even the worst, looking for body parts to appease one useless Oracle or goddess of money

Thinking this way; even though everything is fixed in nigeria, will not lead to development

You build wealth by offering products and services that people are willing to pay for
Or you steal another person's own and make it yours
No other way.

Assuming we were more productive, and not import dependent
We wont be so crazed about the USD/NGN exchange rate
Look at Russia that has been under sanctions
They dont care about the exchange rates
Because they produce MOST of their necessities AT HOME
And the value chains are mostly domestic

So prices of things remain relatively stable, eventhough the exchange rate between the roubles and dollars ha e collapsed over the last six years or so.

We need to banish the rent seeking mentality
And offer goods /services to trade amongst ourselves
Value addition

Fundamentally, I feel every human has the ability and Mind set to create wealth................

The problem with wealth creation is this "Can you secure the wealth You have created from Thieves"........

This is a very fundamental question that goes begging in Africa today........................................ It is the root cause of Rent seeking mentality prevalent today...............................

Why find a way to innovate only for Vultures, Coyotes and wolves to steal your KILL

awesomeJ:

There's cocoa and other agric produce too.
Olam and the rest. These make up c. 20% of our exports.

This exports never trikle down to the average Nigerian unlikr oil

people just scream demand and supply but in concrete terms what really do Nigerians want........

A look @ the ports tells u
1. fuel mostly pms
2. Bikes
3. Cars for those that can afford it
4. Cloths
5. Every other thing can be lumped into 5

What really does the world want from Nigeria, a look @ the ports will also tell us
1 crude oil
2 crude oil
3 crude oil

while the solution to this problem is pretty simple


No Nigerian including all our leaders past until now has the intent of changing this status quo

YourhealthNG2:
The greatest mistake I made this year was to listen to prophets of doom and exit the market during the last Endsars protest. I learnt the hard way.

Lesson: take most of what you read here with a pinch of salt. Things are never as good or bad as they paint it.

lol, why dont you go deeper into the reasons that made u leave the market, lets all learn...........................especially days before you left the market lets know your mind frame