₦airaland Forum

Seun:
It still doesn't look like a great investment to me though.

ogatboy:
Sorry professional, there are conditions for every contract to receive payment. The fact you sign a contract does not guarantee you are paid for it except you fufil the conditions. As at the time the guy left office, all concluded contracts was paid for. YOu have find fault tire, you no see. Let the contractor sue him first. All of una when me nairaland professionals.

Freethinker87:
UBER has never made a profit, oh they did last year, yet their stock value keeps going up
Twitter never made a profit until they sold to Elon, but it doesn't stop them from taking home $44 billion.
WeWork is a complete basket case but check where their stock is at.
Amazon, as big as they are has never made a profit yet Jeff Bezos's shares made him the 2nd richest man in the world.

I could go on and on. There is no correlation between ARR loss and the value of a company's stock.

plaindealer:
That amount no even fit cover the rail cars and trains.

I don't know why some of you lie or no dey apply common sense..

Funkyswagzz:
Bro do ur research too.. lagos had two projects to carry out which red line and blue line that blue line was worth 182million dollars as seen in CRCC’s report in 2010

tycoolest:
bro, all of this should be put into consideration when investing, Nigeria economy as always been poor, was there a time we had good economy? the economy has been backward before buhari became president,you need to be very careful in what you invest in, consider the economic effect on the investment in the nearest future which obi did not do, he should hv known nigeria economy is not good and take it into consideration before investing.

tamdun:
Oh boy, I just watched the video, obi can lie for Africa

Freethinker87:
No, it's true. That interview was from 2018 and INTBREW shares were trading at N58.69 per share, 11X what it is worth today and Anambra's stake was valued at over $98M at N300/$ exchange rate.

It's not Obi's fault that Buharinomics destroyed the economy.

27Pushing30:
You obviously are not that literate and those 'praising this post sha are prime examples of why this country is not moving forward... people focus on irrelevant things.

The post i read earlier countered a purported story that Peter Obi stated during an interview on Arise TV in 2018 that a $20m investment in the referenced brewery is now worth $100m.

Even I was wondering how an investment could have such meteoritical rise in value over 4 years considering the economic climate during the period. If indeed that story that PO stated this is true then he needs to provide further clarity doesn't he?

And other state governments routinely invest in projects and strategic businesses. Government's also provide counterpart funding in projects - even this government- so nothing special about what Mr. Obi is saying.

What was special was the thought of an investment return of $80m - but alas true to the saying... if it sounds too good to be true ...it usually is.

Anyway good luck to you lots focusing on the past and not the present and future.

Freethinker87:
No, it's true. That interview was from 2018 and INTBREW shares were trading at N58.69 per share, 11X what it is worth today and Anambra's stake was valued at over $98M at N300/$ exchange rate.

It's not Obi's fault that Buharinomics destroyed the economy.

Ikem11:
Check dollar to naira rate from 2008 to 2014 then Check the rate which the dollar gained from 2014 to 2022 you will start having sense ...

Check the rate of obi's investment gain from 2014 to 2022 . The investment is doing so well but local currency keep inflating at a high rate .

So because of that dangote should close his investments and stop building refinery? Think about that for a moment

plaindealer:
I'm not even interested in your Amazon and Twitter comparison, investments are made to generate ROI, show us the yearly increase in ROI for Anambra State.

This company is so dead that it's not even giving dividends to shareholders.

Meaning Anambra is not making money off this investment.

Funkyswagzz:
All your explanation centered on tinubu but u forot that lagos long existed before tinubu became the governor also u for got about the Portuguese and the British who came through that channel and later developed lagos. Most of the structures built far back was done by the colonial masters. Take for instance eko atlantic and the rest of them. Lagos grow fast cos its been the economic hub for nigeria as a whole.

Also murtala mohammed made lagos federal capital territory before sani abacha transferred it to abuja. So lagos was already doing well before tinubu came in. As of today even if lagos receives no allocation they will still do well.

Do you know the amount money for blue line project?.. about 1.5billion dollars but did you know the contract the chinese company had with lagos state was 286million dollars. So where's the remaining 1.2billion. the rail line cant even carry heavy load and the sad part is nobody is talking about it.

philipobiz:
Omo! See super analysis. Weldone bro

obyrich:
This is why Nigeria is neck deep in debt today. Same people that were clamoring for Ngozi Okonjo Iweala to share Excess crude funds have all ran to APC to criticise the wasteful years of PDP. Same people will jump to the next ruling party to continue the loot and blame APC for borrowing away our future.

Dem dey borrow to pay salary now. Tomorrow nobody will give us loan, then e go clear everybody for eye.

OderaOdesigo:
A lot of these people from Peter Obi’s camp actually do him more harm than good and they also exhibit a lot of low IQ.

Even if what the previous writer put forward about Peter Obi was false, this so-called defence does him more harm than good.

If someone invested that huge amount around 10 years ago and it has only appreciated in value by #240m then it is shameful. It is very terrible business.

Consideration inflationary trends, what N20m could buy 10 years ago cannot be afforded by #240m today.

For a state that was behind in basic amenities, what that #1.96bn could afford in 2012, #5bn cannot buy it today.

This is such simple economics but those who are blinded by cheap talk can’t see the light.

Emnyte:
where is barcanista sef

PaChukwudi44:
Oga how many companies paid dividends in 2020 the year of COVID lockdowns

shigishege:
oga carry your wailing go one side. All these your gibberish I don't think is worthy of responding to.

Uniportadmision:
I first saw that tweet from one Reuben Abbati, he quoted an old news/interview, the manipulators took it, pushed the narrative to unsuspecting PO campaigners and after it was adopted, boom! Their trick worked! Then they released their media houses to attack. I was waiting for this. They are really pushing dirty.

plaindealer:
Why don't you show us your proof since you are so sure and have done your own research.

Don't say what you can not prove with facts.

casualobserver:
He seems to be in a habit of getting his facts wrong. While you are verifying please also verify that

1. Anambra state government wa a the largest shareholder in the company as you heard him say….a lie

2. Contrary to the position being touted that he left 75b when he left Anambra, the real state of affairs was that he left a net liability of 105B. As he does by always being economical with the truth, he conveniently failed to mention that the state govt had contingent liabilities of 185B.

A man of Peter Obi’s stature and business experience knows how to prepare accounts. I refuse to believe he was incompetent or inept. This was either deliberate attempt at being fraudulent or he is incompetent. But no accountant will give you a balance sheet and not state liabilities because they are not due today. The man is very clever with his choice of words. You have to decipher and investigate when Obi talks about his affairs. Because they are mostly lies and half truths.

Funkyswagzz:
............

Itsrm:
The US has had a combined inflation rate of 27.1% from 2012 till date. Discount it fron the money he invested and tell us how much he has lost.

Note, the ideal thing is to discount by the rate of inflation in Nigeria but since you have blamed that on APC, let's use a relatively stable economy to do it.

What that will show you is that even if our inflation had stayed at a decent rate like that of the US, he still lost a lot of money.

agabaI23:
Did you actually read the article or you commented on the title?

PHIPEX:
You think you are smart but empty. The interview was over 3 years ago when the company share price was around #40 per share. Your god Buhari supported by Tinubu killed Nigeria economy crashing share prices and naira value to what it is today, the share price is now down at #5. Calculate the value using the share price and dollar price when the interview was made in 2018 then return here with an apology

casualobserver:
He seems to be in a habit of getting his facts wrong. While you are verifying please also verify that

1. Anambra state government wa a the largest shareholder in the company as you heard him say….a lie

2. Contrary to the position being touted that he left 75b when he left Anambra, the real state of affairs was that he left a net liability of 105B. As he does by always being economical with the truth, he conveniently failed to mention that the state govt had contingent liabilities of 185B.

A man of Peter Obi’s stature and business experience knows how to prepare accounts. I refuse to believe he was incompetent or inept. This was either deliberate attempt at being fraudulent or he is incompetent. But no accountant will give you a balance sheet and not state liabilities because they are not due today. The man is very clever with his choice of words. You have to decipher and investigate when Obi talks about his affairs. Because they are mostly lies and half truths.

plaindealer:
The man is just too synonymous with lies and deceptions he's a chronic and habitual liar.

omohayek:
Why should I be "bitter", when I know that Obi's candidacy has about as much chance of succeeding as Nnamdi Kanu's fantasies about going to Abuja to remove "Jubril Al Sudani"? Your attempt at rebuttal is as unconvincing as the OP's: whether it's $5 to $100 million or $20 to $100 million, the reality is that the current financial value of the investment is wildly different from that, and even if the claim had been true for some few days in 2018, it's being used to campaign for Obi in 2022 - and is therefore a falsehood intended to mislead about Peter Obi's supposed investment wisdom.

If Obi were really the investment genius you and his other supporters wish to make him out to be, he'd have been publicly pushing for the incumbent Anambra government to cash out the investment before the shares went into freefall, but instead he chose to boast about their value at the time, as if he thought the share price would always stay that way (or he imagined no one would ever ask him in future about his past boasting). It's no sign of brilliance to have an investment that peaks at some stratospheric value for a few days and then comes crashing down, as all the cryptocurrency fanatics are currently learning the hard way.

The bottom line with Obi is that his candidacy is largely substance-free hot air, being pushed by aggressive lying and threat-making. Obi offers no concrete policies that set him apart from Atiku and Tinubu, and he is at least as compromised by corruption as Atiku and Tinubu (who, like the Obi fanatics say of their god, has never been arrested by the EFCC or convicted by the Nigerian courts). The only genuine selling point I see for Obi is the one his supporters are least ready to admit to (at least while they aren't attacking "Afonjas", "Yoruba Muslims", "Foolanis", etc.) - he happens to be the only Igbo man currently running for the presidency. That's it, the rest is all dishonest puffery.

agabaI23:
Peter Obi Invested N1.96 billion and the value now is N2.24 billion (Picture)

Response to “Peter Obi's $12.24 m Investment In Breweries Now Worth $5.38 m
https://www.nairaland.com/7189779/peter-obis-12.24m-investment-breweries#114025775

I read through the article titled “Peter Obi's $12.24m Investment In Breweries Now Worth $5.38m” and I saw a desperate attempt to find something negative on Peter Obi’s past. The writer obviously did not think through the implication of his deceptive title. Because there is no tangible thing to use again Peter, he had to exploit the outcome of fiscal policy and economic failure of Buhari’s administration to craft a title that the BMC crew will feast on. Obviously the BMC crew do not have the mind of their own and cannot think for themselves. Otherwise they would have understood the implication of the intellectual yahoo-yahoo displayed by the author of that article.

To put the record straight, N1.96 billion was invested and N2.24B (CBN) or (N3.28B) black market is the value today. There was no loss whichever way you want to look at it. it is disingenuous to report the values in dollars while you talk about Tinubu’s forced investment in Naira. ( https://technext.ng/2022/06/02/did-bola-tinubu-bring-econet-nigeria-2001/)
In fact, you have to praise Peter for investing a company that did not go bankrupt under Buhari’s administration.

Dangote, the richest man in Africa had a net worth of $7bn as at April, 2016 as against $25bn he was worth in 2014. (https://nairametrics.com/2020/04/16/aliko-dangote-and-his-slide-from-25-billion-to-7-billion/). That was an $18bn or 72% loss incurred under Buhari’s body language induced recession. Tinubu told us he single-handedly made Buhari Nigeria’s president. Even now, with Federal governments push such as selective opening of the land bother to allow him export his products, Dangote is yet recover. His current Net is still $14.2 billion.

Going by Dangote’s experience, we now know that the company lost at least 72% of its equity value. Because we do not know the profit made as at 2014, we shall work with the investment capital which was $12.24 million. Assuming there was no growth, losing 72% means $8.81 million was lost. So as at April, 2016, the value of the investment was $3.43 million. This company has without any government’s incentive grown the $3.43 million by $1.95 million to get $5.38 million. That is 36% growth in 6 years under Buhari’s hash economy. That tells you that Peter is an investor and wealth creator.

The writer of the article actually shot Buhari and Tinubu(Buhari’s Godfather) on the back because he just highlighted the damage Buhari has done to our economy.

Advocate500:
There is nothing to pinned the man with, so they won't mind blaming the failure of others on him,that is nigeria, no one thinks for himself, my problem is with soludo who is trying to shy away from been hold accountable thereby trying to lie from what is obvious.

BlackBaron:
Thought as much the article disregarded exchange rate.

However the sum now shown isn't still a windfall in naira terms. Obi himself mentioned returns equivalent to 4 times (apparently $20 million to $100 million) what he put in. The current figure shown is nowhere close to that figure even in naira terms. Makes him a LIAR!

Unfortunately, all the people up for elections this year are liars, thieves and same old crop of politicians.

Freethinker87:
No, it's true. That interview was from 2018 and INTBREW shares were trading at N58.69 per share, 11X what it is worth today and Anambra's stake was valued at over $98M at N300/$ exchange rate.

It's not Obi's fault that Buharinomics destroyed the economy.