₦airaland Forum

KingMEXX: As an Undergraduate student on scholarship, i would like to know if there are any investments one can start up using the scholarship grant. Leaving the money in the bank can be very tempting.

Please, any advices? Thankx in advance

aasog1: [b]Fine business....Just time and capital consuming...but soooo lovely!
I do this, but I didnt really get it until 2006...but here is how it is done:

in 2006, I bought an old property in a road that links Gbagada with Bariga (in most cases, I target rough areas in lagos, with promises of development and upgrades....areas I know the rich and elites are slowly migrating into and which would be transformed within atmost, 4-5 years). I took the first two years to raise a 5 bedroom duplex, and 2 bedroom bq on it, and gradually did the finishing on the third year based on the flow of cash....by 2009 ending, the property was ready and placed on the market for 40mil. It sold in 9 months, and I made over 65% profit as im an engineer and handled the project myself ....And since them, other strategic properties have been purchased, remodeled rebuilt from scratch, just that now, I work with my bank instead, and me and the manager of my branch are like partners....Hes brought some money bags into the bidness over the years, the sad thing is, we still keep making the mistakes we did in the past....house flipping isnt a wonderful business like "land flipping....call me so I can explain that".

Good slow investment business sha....Mind you, it is an investment and it yeilds excellent....it is not buying and selling like garri and beans [/b]

jamace: That is true.

Smart investors have already taken position by investing in stocks of their choices.

Invest while the day is young!

elvis10ten: GUY YOU NEED TO UPGRADE O. I WILL SUGGEST YOU HAVE A LOOK AT SOME ICT/TECH BLOG AND SEE THAT NOT ALL OR MOST OF THE PROMISING START-UP WERE NOT FUNDED BY RELATIVES OR FRIENDS. I THOUGHT YOU READ THAT ESSAY I POSTED IN MY THREAD ?. NEXT YOU WILL SAY IS THAT THEIR FATHER GAVE THEM A PLACE TO RUN A COMPANY OR THEY BOUGHT A PC FOR THEM. A living example is "TRIMIT".

Redoil: please manie when is thier closing date

manie: Now is the result declaration period for more than 70% of the companies listed on the Nigerian stock exchange. The results so far declared are not too bad.
Congrats to the investors who mopped up shares when they were selling at low prices, we pray that the harvest for the year ending 2013 will be a super bumper harvest.

I am anxiously waiting for the results from FBN and UBA.


The declaration from the Palm oil and Rubber Plantation by Okomu Oil is the bomb. Okomu Shareholders who bought at N10 to N15.00 should expecting a ten bagger. This is a term I learnt from Peter Lynch.


NB Okomu Oil closed at N87.70k today.

Michael11stock: Nobody is talking about UBA hmmmm

shigidi: Spot on! I think they are very good. Bear in mind Nigerian Breweries paid the same dividend as Zenith, at six times the share price. Also bear in mid the banks have a much lower PEG.

Seun: Agreed. What are their profits like?

glogirl: Manie,
I don't know how long you've been trading stocks, but you have to realize that the banks have never had the history of paying huge dividends. They are heaviliy capitalized and a bank like GTB has about 25billion shares in the SE. So even if they pay out their entire PAT of 86billionn they can't pay more than 3 naira. I think 0.60 is ok. Let's pray for hifher profits next year and then beta dividennds.

Born 2be Rich: Bros thats the same question that came to my mind....however, i believe government hands are involved in aid the company

valacious: i cant but agree with you sir, the basic thing is seeing opportunities. i think the good old days are coming back.

valacious: yea i agree, but investors appetite were low then boss! most bought at N9 and above, and waited for this poor result. arma akinbo for first bank.

valacious: access bank final dividend 0.60k, total dividend 0.85k, so poor. SELL! nahco- 0.25k worst! SELL! spill them blood on the arena! lol

valacious: @manie, pls just buy

manie: How far? How much is FBN paying?

valacious: first bank, truly the first!

Born 2be Rich: 2012FY Corporate Action Announcement for Okumu Oil plc

Audited Accounts for the Year Ended December 31, 2012

Proposed Bonus Issue 1 for every 1 held

Proposed Final Dividend: N7.00

Qualification Date: 13th May, 2013

Closure Date: 14th - 17th May, 2013

AGM Date: 5th June, 2013

Payment Date: To be Advised

AGM Venue: Abuja

Good news for Okumo Oil share holders....This is what am talking about

I hope the banks are seeing this o...make dem no fall persin hand...

Source: stockmarketnigeria.com

Omexonomy: you are not saying no but you are saying not now.

manie: Investors with multiple streams of income benefited immensely from the stock market meltdown. They kept on accumulating shares on the exchange at ridiculously low prices. Some people have made 300% returns on UBA within 24 months.

Investors who bought when the market was doing badly, will definitely get a higher dividend yield.

Seun: I don't think FOREX is an investment. How can you invest in something that constantly loses its value? (currency)

9ja4eva: Any idea on good stock broking firms for those of us in Diaspora? I bought shares in 2003 ,and even though i don't understand the statement, i like what i am seeing. I won't mind investing more if i get a good company sha.

Thanks for the insight. Very informative thread.

feelamong: At times it seems like you are preaching when you tell people to take time and study the market and coys they are investing in...Manie has said it all!

For anyone to make money in any endeavour, it takes time and energy! you also have to be patience!

I have made money and also losses in the market but in all I have made more money than losses! Just a few of months ago.. I bought Diamond bank at N1.99, sterling at 0.99k and UBA at N2.

I intend to hold these stocks for the next five years at least before i start selling for a start up...

The less people that understand the market.. the better for us!! no wonder its so diff to make the kind of money we make in the NSE in the LSE!

Omexonomy: Manie well done for doing a good job. I am about paying for UAC property dev. IPO what are the potentials of the IPO considering UNION HOMES has not move from the initial fifty naira. And is the UPDC a good buy.

Peterwins: I was in the financial industry (banking and non-banking) for several years but still a keen observer in local and international finance. If most people know (realise) the "real" undercurrents (trade secrets) of finance/business/investment they will probably make less mistakes in their respective investment decisions.

Over the years I realised there was (are) majorly two classes of investors namely the objective ones (those who could confidently answer rightly or wrongly most of my questions posed above) or the subjective ones (often emotional investors) who just want to make investments (grow their money/wealth) without clearly defined investment goals and objectives.

bigx: Its worth 2500 naira now.

Peterwins: I was in the financial industry (banking and non-banking) for several years but still a keen observer in local and international finance. If most people know (realise) the "real" undercurrents (trade secrets) of finance/business/investment they will probably make less mistakes in their respective investment decisions.

Over the years I realised there was (are) majorly two classes of investors namely the objective ones (those who could confidently answer rightly or wrongly most of my questions posed above) or the subjective ones (often emotional investors) who just want to make investments (grow their money/wealth) without clearly defined investment goals and objectives.

Which Industry are you currently in.