₦airaland Forum

locodemy:
Chief,The falling in price of stocks like zenith ,fbn,gtb and co does not mean they have financial problem.This is as a result of low oil prices,devaluation and other macro economic issues.Have you seen the nine months result of zenith bank?my brother the bank is very much capable despite the big outstanding OS.

why we want these stocks prices down is because we are targeting to become the CEO'S of tomorrow by buying into their shares as much as we can now.Time will come when zenith bank shares will become expensive and the good dividend paid by then will speak for us.

So go back and grab your copy now

Must you invite or beg people to join the party?

Tritri:
@Manie

At what price do u think is right to jump in for zennith and GTB?

It depends on what you are looking for, either capital appreciation or dividend income.


I think the current prices are attractive, but they can become more attractive. I hope to get into the market this week.

zendi:
Manie, do you know if Skye Bank has been able to raise the N30b they're looking for?
They will need to create 30b or more new shares to raise that money in present market condition, and where will that leave the present shareholders?
That is the main reason skye is sinking towards unitybank in the car park area, on top of the general down market

It will be difficult to raise money at this point in time.

odimbannamdi:
this is interesting! boss manie, i will contact you tomorrow

No problem.

Market is currently bloody, one can buy the whole of Skye Bank for about N15 billion which is about the cost of 30 average houses on Banana Island.

Buy the whole of FBNH for about N130 billion.

Buy the whole of UACN and her subsidiaries like CAPL, UPDC, Grand cereals, Livestock feeds, Portland paints, UAC foods etc for N33 billion.

Buy the whole of UAC property and their real-estate portfolio all over the country for just N8.5 billion.

These are definitely interesting times.

I have lost money, but I pray this trend will continue till the end of this quarter.

GoldenDr:
If shit business is a good business, then trash business is lucrative. American waste management outsource this services and employs 23.5% of America's population. I learnt something on Nairaland, what we complain about the governments inability to do, it is a goldmine.

I have learnt my lesson in a hard way, a young man who got the franchise for waste disposal and management for an area in Lagos around year 2000 invited me to partner with him but I declined. I thank God for what he has done for me, but this guy has made a killing from the trash business. The guy has bought 6 houses in the last 15 years and also has a fleet of trucks.
He has also diversified into waste recycling on the outskirt of Lagos.

goldenboyofpsy:
Thread on sabbatical!!!!!!!

Job openings due to growth and expansion of businesses in most sectors of the economy are currently on sabbatical, let us keep hope alive till the third quarter of 2016.

Sowl:
Like i said there are still goldmines in nigeria that are yet to be explored, personally to me i feel agriculture is more of a neglected goldmine than a yet to be explored one,real estate like you mentioned in your post is also a goldmine thats mostly capital intensive and with the elimination of the middle class in the nigerian class strata,the real estate market for now isn't going to be booming as expected simply because you are left with only two target market when the middle class is non-existent ,which is the uppper class and the lower class... Like we all see every day the upper class real estate market is already saturated ,places like abuja would give you an insight of what i mean... Most of the top notch houses in high brow areas there in the FCT hardly have people living in it and most have not been bought outrightly by those who can afford it,as for the lower class which needs more supply of low costs housing ,hardly do private investors look to invest in such ventures simply because the nigerian mortgage plan is not viable neither can the lower class afford to buy houses outrightly even if it is termed a lowcost building.
As for me i feel the IT world and technology industry is yet to be fully tapped into in the nigerian economy,there is still much ground to be covered and it is yet to be saturated,for those who have foresight and passion for IT ,they have envisaged it to be a potential goldmine in the making compared to what is being realised presently!!!

@ GoldenDr, teachers and the moderator, I am very sorry for derailing this thread. But since this a thread for job seekers, it will not be out place if we discuss some of the reasons why jobs are scarce and how we can create opportunities for ourselves.

Agriculture is a goldmine, but unfortunately the guys making a killing from this sector are Indians, Lebanese, South African etc. The majority shareholders of Olams, Chi Farms, Presco, Okomu just to mention a few are foreigners. These companies make billions of Naira as PAT every year. What type of training, support and structure does the average Nigerian farmer need in order to move his agric-business to the next level. A lawyer who invested in Okomu went home with dividend of over N100 million in 2014.

If you look at Abraham Maslow hierarchy of needs, we have feeding, shelter, clothing, self actualization, I am sorry i cannot remember the last one. Shelter or housing is an important human need, we currently have a deficit of over 18 million housing units in Nigeria. How many Nigerians are living in conducive environment. The high-end of the property market is currently saturated and over-priced, but we have a growth potential in the low-cost-housing sector. Housings units of between N2.5 million to N10 million are in high demand by the working class population in Nigeria. The real-estate sector is huge, we have the artisans, developers,builders, architects, surveyors, investors, marketers, buyers, lawyers, financiers, if governments and investors plan to build just 1 million housing units within 2 years, the multiplier effects of this investment will definitely create wealth and job opportunities for Nigerians.

Sowl:
Sir that wish of yours might take a little more than a century to become a reality simply because Nigeria tends to discover crude in other part of the country presently, though it has no major positive effect on our economy at present due to the astronomical drop in the value of crude oil .
But the fact is Nigeria is so blessed with both liquid and solid mineral resources that would make us weather the storm even with crude oil drying up or the market value reducing, if our leaders could get rid of there mental laziness and unrepentant greed while embracing the act of selfless service to the people then we can get to breathe a sigh of relief that there is a glimmer of hope in the long run.

We may not be able to exhaust our crude oil in the next 50 years, but the crude oil may become worthless in 50 years. What is the size of our Sovereign Wealth Fund, which ought to have been funded from income derived from our natural resources. Countries that 15% of our population have more than $500 billion in their SWF.

The greatest asset of any nation is in her human resources/capital, that is why no nation can develop beyond the cognitive potentials of her teachers/citizens.

We need to ask ourselves, how functional is the education in our country, what is the relationship between what we learn/teach in school with what the street/society needs, what is our attitude towards life-long education, what plans do we have as a nation for the next 50 years, in most cases success is not an accident/miracle but happens through deliberate plan, strategy, hard-work, persistence, patience and finally God factor or favour. But in this part of the world we always emphasize on the God factor or divine factor.

Our leaders are mentally lazy, unfortunately the young generation are learning fast from the older generation. Someone said God will not solve our problems in Nigeria, because he has equipped us with what we need to solve the problem which we have created for ourselves.

Sowl:
I am actually an economics graduate and I have got passion to teach and be a teacher at some stage in my life be it short or mid term...... But all in all entrepreneurship does it for me,because I see and envisage so many unexplored goldmine in the Nigerian economy if I can get the right platform,though the situation of things might be discouraging for enthusiastic youths like us,but persistence,perseverance and an undying passion to succeed would surely supersede whatever economical obstacle in the way. That I believe!!!

What is your definition of the right platform?

If you have the resources, I will advice you to enrol for the Aspiring Entrepreneur Programme of Fate Foundation. The 3 months course I did at Fate Foundation about 10 years ago, opened my eyes to opportunities and possibilities.

Can you also list some of the unexplored goldmines in Nigeria? I am looking at housing/real-estate, education/training,agriculture and waste management.

Yes waste management, although people say we should leave trash for LAWMA, we cannot allow LAWMA and its franchisees to continue making the money from Lagos trash.

GoldenDr:
Sowl, you know what, let the oil dry up!

I am not praying for that now, but if it happens we will definitely put on our thinking cap and think out of the box. Someone said we do not have a thinking cap, but if that is the case we may need to loan one.

Sowl:
Though this might sound cliche,but the only effective way the FG can stimulate the cripling economy of nigeria is by promoting SME's and providing funds that can be channeled into viable business ideas,as complex as the situation in the country presently it can be solved gradually if the FG stops looking at solving the economical slump from the macro to the micro level,but rather look to solve it from the micro to the macro level.
Once unemployment is reduced to some extent by funding SME's that creates employment with the little available at the governements disposal presently this would tend to increase revenue for the government in the long run and would have solved the problem at the micro level,the m... Though our condition is in dire straits,but i believe we can overcome coz we have what it takes to do so.
Countries like japan,switzerland and the likes have no mineral resources but still survive, the UK relies mostly on business ventures and establishments to generate funds used in running its economy,all we need now is reduce corruption to the barest minimum and the little the country as now would be enough to set things right once again.

Thanks for your wonderful insight and suggestions. I am very sure you are not a teacher, but if you are one that means you have a great interest in political economy and business policy.




SMEs are the backbone of any economy, they are also the largest employers of labour in Nigeria. Businesses with net-worth of less than a N1 million can be classified as micro-businesses, those with net-worth of N5 million to N50 million are small businesses, while those between N50 million to N500 million are medium enterprises. You will find out that most businesses and employees are found in this sector.

The questions we need to ask are these.
1. How come our SMEs cannot grow to become big businesses and MNCs after decades of being in business.
2.How come the cost of funds are so high in Nigeria.
3.Why are Nigerians not investing in our economy.
4. Why are Nigerian corporate executives so corrupt, that they always run down their organisations eg Cadbury, Unilever, Nigeria Breweries just to mention a few.
5. Why is government not giving start-ups and small businesses tax holiday?
6. When will government start investing in infrastructures and others facilities that will reduce the cost of doing business?
7. When will the average Nigerian employee who is lucky to get a job in the big companies, become entrepreneurial so that he can set-up a small businesses that can employ a minimum of 5 employees.
8. When will the average Nigerian become interested in the dynamics of political economy, finance, investment, business and technology.
9. When will our country be blessed with sincere and forward thinking leaders and managers.
10. When will Nigerians be in charge of the driver's seat of the Nigerian economy, the people in charge of our economy are the Indians, Lebanese, Chinese, South African, American etc.


What we need now is FDIs and not portfolio investors who are more or less short term investors who do not create substantial value to our economy.

GoldenDr:
Oga! It is terrible but sir am not an atheist but why should we pray, will God come down from heaven to solve our own problems? How did we get to this level? I think we should brain storm on the way forward. Do you know most employees were not paid December salary? About two 5 star hotels on the Island (names withheld) are owing staff three months salary. There is massive lay off. The economy is not smiling and Nigerians are not helping matters. The dollar as at last night was $305/#1.....kweke!

I am not an atheist either, but i lean towards agnostic theism. I believe we have all it takes to succeed as a nation, but it take both prayer and action. The nation did not invest and diversify the economy during the era of boom, now that the price of crude oil in the international market fell by almost 70% we are now in dire need of resources and fund to run and manage the economy.
Do you know that a company in the oil and gas sector sacked 50% of its employees and also reduced the remuneration of those they did not sack by 50%.

For every employee that is sacked, the landlord will be affected, the school where his children attend will be affected, his church and pastor will be affected, the extended family will be affected, all these will have a negative multiplier effect on the economy. I just do not know how government is going to kick-start and stimulate this economy.


This is my layman's opinion, i hope economists in the house will share their informed thought on the lingering state of the economy and the nation at large.

https://www.nairaland.com/2641627/how-been-surviving-without-job


Great thread, unfortunately the number of unemployed graduates and sacked experienced workers is on the increase. A friend who is a management staff at visafone lost his job almost 3 weeks ago, a neighbour who works at Oando withdrew his 3 kids from a highbrow school to a pocket-friendly school.

We need to commit affairs of our country into God's hands, business owners and their customers are not smiling at all. We still have outstanding debt of over 500k in our primary school section and almost 700k in our secondary school section for 1st term which ended on 18th December 2015.
I have tried all tricks to make the debtors pay up, but the response is not encouraging. School owners/managers who have zero to negligible debt profile in their schools should please share the tricks which they are using during this period of global economic brouhaha and business uncertainty.

okerekeukachi:
I think you need to look seriously into what Manie advised.

Good morning, can you remind me of what he said.

ukay2:
My account officer is ONE of the main problems I have with investment one stockbroker...

Please do you have a number of one of their Oga to complain to

I have requested for a change of account officer and Nobody answered me.

Most of calls I make are being answered by The Customer Service staff...and they are protecting my account officer...

Please kindly inbox me the phone contact any Oga in investment one stockbroker i can talk to...
Thanks

Write a mail to the customer service and copy the MD, you can get this from their website. In what areas are you not enjoying their services? What types of stocks do you have in your portfolio? Which of their branches did you open your stock account. Do you have another stockbroker?


The types of stock in your portfolio, may determine how fast your stock can be converted to cash. It is also advise-able to have more than one broker, so that you can always compare their services. Always copy others whenever to write a mail to your account officer. But if after trying all these you still have cause for complaints, please transfer your stock to another stockbroker. Some stockbrokers do not like dealing with small investors because they believe they are problematic and not too profitable.

ukay2:
Oga Manie...investment one stockbroker has a VERY POOR CUSTOMER RELATIONSHIP AND HIGH COMMISSION RATE..

AM A LIVING WITNESS... I won't want anyone to experience what am suffering with them..

I have open new account with Morgan Capital... I want to transfer my share portfolios to Morgan...Hope it will be possible and fast?

Investment One, happens to be one of my stockbrokers and I am enjoying their service. Have you complained to your accoutt officer about your reservations about their services. The commission is about 1.3%.

Thatitan234:
thanks. I believe I should be able to find there address online.

But i doubt if you can find any that operates from Iyana Ipaja axis, you need to come to Ikeja or Island

sirflav:
Yes sir I also agree with your long term focus so my only fear of FBHN is their small dividend payments cause like yourself I have kept my stocks for many years now and look out for dividend payments. Of recent I have been gently acquiring zenith bank, UBA and Dangcem believing that these stocks will continue to pay high yield dividend

where have you been, just found out that you and sky registered on nairaland few months ago? Who are your stockbrokers? Do you work for a stockbrokerage firm? Can you share some of investment books you have read with me? What is your investment philosophy? Can you share testimonies of the successes you experienced through your investment strategies? Thank you and have a great week.

currentprice:
am of the opinion investor that disclose his portfolio publicly with no evidence have very little or no portfolio. yes it easy for me to say i bought 4 million unit of oando when the bubble was going well but kept mute on the crash. people who actually bought big volume do so quietly.

not common to see people saying i just bought 1000 unit of xyz share

The volume of stock bought by anyone is of little importance to me, the volume of shares bought is just a number like your age, your weight, nos of children, nos of stocks in your portfolio, and some of us do not need to nor have the luxury of time to confirm if figures are right of wrong. What I am interested in are the reasons for the stock purchase purchase and where the investor sees the company in 5 years or more.

sky2891:
Thank you so much for the information, my brother.
I am currently accumulating FBNH as long as it remains below N5.00 though it may not be the best stock for now considering their loan portfolio and CBN regulations and restrictions on banks but the resilience of this bank for over a century and the new management will of course turn the bank around on the long term. This is a prize we may not witness in the next 10 years. Succeeded with 680,000 units so far and still accumulating gradually FOR LONG TERM.
UBA is also on my radar but I take stocks one at a time and long term.

Good to see that we have some long term investors here. How long have you been accumulating FBNH shares? What value did you see in the stock? I hope you have multiple streams of income, because relying solely on the stockmarket or one source of income is highly dangerous to your financial well-being. I was able to increase my FBNH holding by 100k units between November and December 2015.

Thatitan234:
hello guys, please I'm in urgent need of a knowledgeable and experienced stock broker in Lagos.

I stay around iyanaipaja.

please contacts and/or address of the recommended persons will be very much appreciated.

thanks.

You should be able to get to stockbrokers at Ikeja, Investment one have an office Maryland

manie:
My younger brother got a sub-franchise from NURTW so I have more than an average idea of how things are. You need to consider, rush hour traffic, age of the bus, traffic jam and time of the day.

You can get a new Tata bus for N14 million only, this N14 million can be made within 10 to 12 months.

Transportation is a lucrative business in Lagos, government and private sectors operators with experience in transport business and fund managers can set-up a transport fund of a minimum of N50 billion. Lagos state government can have maximum of 10% share in the fund, no private investor should have more than 5% and Lagosian can own 55% share of this fund.
Same can also be done with LAWMA, Water Corporation etc.

MsGlobalwonder:
. There is no point arguing what I know. Oh well.... it's lucrative by all standard. Cheers.

My younger brother got a sub-franchise from NURTW so I have more than an average idea of how things are. You need to consider, rush hour traffic, age of the bus, traffic jam and time of the day.

You can get a new Tata bus for N14 million only, this N14 million can be made within 10 to 12 months.

naptu2:
O please! Would they have destroyed City Buses in 2001/2002 if he was in control of them?? Would they have sued the Lagos State Government if he was in control of them?? (I hope you know what happened in 2001/2002?)

City bus was very good in 2000, they later diversified into inter-state transportation after their fracas with the NURTW touts in Lagos.

MsGlobalwonder:
my dear, even just one of those buses will rake in at least 3million monthly, that's after removing maintenance cost and fuel. I'm saying this because I know, don't ask me how. Now, that is investment!

It is not possible to make N3million in a month, a good bus should be able to make 50k in a day and 300k in a week. Income per month for a bus in very good working condition should be about N1.2 million.

MsGlobalwonder:
those "molues" and "agbero" rake in millions monthly. Go figure.

I just watched it on TV, the spokesman for NURTW said the blue BRT buses on that route make a monthly turnover of between N120million and N150 million.

BABANGBALI:
Econet is the best

Are you sure, my mobile line is airtel

Kikero112:
If you live in the Lagos or Abuja area... a Spectranet internet plan (dongle or wireless) is a good idea.

And among the other GSM networks....Etisalat stands out.

I am in Lagos.

A driver is urgently needed for the school bus of a primary school in Mafoluku Oshodi Lagos. Interested applicants should reside at Sogunle, Mafoluku, Ajao Estate or Oshodi.

Application can be forwarded to manewumi@yahoo.com or call 08029528893.

or post hard copy to P.O. Box 2306 Oshodi Lagos.

lofty900:
My own is that MTN should pay their fine. The money is not coming into my pocket but it will make me happy

Since MTN is the new owner of visafone, I have no choice but to do away with the visafone line which I use for browsing. Can somebody suggest a good network for my computer apart from MTN.