₦airaland Forum

Stocks or shares are determined by volume

rowrowland:
You guys are lucky as the share value already dropped as at that time - your dad bought cheap.
I bought mine before then and it turned out to be the ultimate Scam - the moment Baba Iyabo moved his money, it crumbled. Transcorp then was promising because of Obasanjo - it would've performed if he got third term. Stock pros in-house, correct me if I'm wrong oo.
I think I bought for 20naira per share back then.

There was never a time Obasanjo put his money in Transcorp and withdrew same . This is just an unfounded rumour.

Transcorp only seized the opportunity of the shares public offering of that time even without the solid fundamentals to support the public offer price the shares sold for. Besides, it was the cowboys at the time that packaged it for the public to chew

crypto is a scam as well for the future...MMM

thesicilian:
He didn't buy much shares to begin with, considering the price then in 2013 was just N1.65 per share (from a quick Google search) resulting in a total of N1732.5 for his 1050 shares. That seemed like a trial purchase rather than a solid investment for the future.
If he had put that money into crypto then I'm sure the return on investment would be in millions by now.

1x2x3:
Let's assume in 2009, someone purchased 2,000,000 shares at the rate of N2. This will be a total of N4M invested.

In 2024 which is 15 years later, the shares is currently at N11.
2,000,000 share = N22M + those petty dividends they paid.

Looks like a good investment.



Let's look at what who held dollar would have made just by putting N4M into dollars in 2009 when dollar was $150.

4,000,00 ÷ 150 = $26,666

In 2024, $1 = 1650


$26,666 x 1650 = N43, 998,900 (that's roughly twice the amount from shares in that company)


What about who gambled on BTC?

In 2009 bitcoin was $0.10

Just $1,000 would have given you 10,000BTC

In 2024, 10,000BTC = $672,344,400.


Only if we can see the future

No reasonable investor will tie down a whole N4m down since 1999 or whatever year you are quoting till date .

Investments don't work that way. Only analysis does.

If only you know what N1M is then.

Stop buying these over valued shares Nd stop keeping your money in naira. Learn how to store it in USDt and USDC using binance smartchain, SOLANA blockchain, TON and Sui blockchain. A word of caution: Never store your recovery phrase online.

Your unbacked and uncontrollable Bitcoin future is a scam as well.. they have not rounded enough fund the make it happen

1x2x3:
Let's assume in 2009, someone purchased 2,000,000 shares at the rate of N2. This will be a total of N4M invested.

In 2024 which is 15 years later, the shares is currently at N11.
2,000,000 share = N22M + those petty dividends they paid.

Looks like a good investment.



Let's look at what who held dollar would have made just by putting N4M into dollars in 2009 when dollar was $150.

4,000,00 ÷ 150 = $26,666

In 2024, $1 = 1650


$26,666 x 1650 = N43, 998,900 (that's roughly twice the amount from shares in that company)


What about who gambled on BTC?

In 2009 bitcoin was $0.10

Just $1,000 would have given you 10,000BTC

In 2024, 10,000BTC = $672,344,400.


Only if we can see the future

digitaccountant:
Treassury Bills. If you invest 1million naira. You are guaranteed 200,000naira by the end of the year.

after the year ends, can I withdraw both the 1m capital and 200k interest?

GreyWolf01:
Buying and holding Nigerian stocks and shares is an exercise in futility and a waste of time.

You will do better to buy USD /GBP Foat & Hold.

Are you suggesting, assuming, projecting or confirming this assumption?

Educate yourself please.

For a quick check, ask anyone who bought at least 10,000 units of GT shares during the public offer at N10.90 before replying Mr.

Anyone still investing in Shares in this country is stupid. The highest scammers in Nigeria could be found in this sector

NetbizBoss:
One of the Bank Alerts

Abeg I no wan laugh

Hmmmm, this is really funny.

Beverlyjean:
If u use that certificate to wrap 5 pieces of roasted corn...that roasted corn will worth more than that certificate

Kai!

You are a very wicked human being

NetbizBoss:
Please I need advice from people that knows about shares.
My Dad bought about 1050 units of Transcorp share in 2013. He lost the certificate so he forget about the shares.
Until the second quarter of this year when someone told us about this link to apply for unclaimed dividends.

https://sec.gov.ng/non-mandated/

My Dad was sick and hospitalized so we help him filled the form online and he signed his signature. After much suffering the share register "African Prudential PLC" finally paid
The following amount into my father's account as the share Dividends per year

2013-N45 (Forty five Naira only)
2014-N54 (Fifty four Naira only)
2015 and 2016 where omitted
2017- N18.9
2018- N28.35
2019- N9.45
2020- N9.45
2021- N18. 9
2022- N47. 25
2023-N94.5
2024- N10. 5

Please Mode help me post this thing on front page to get advise from people. Thank you.

Yet to receive a dime from them.

Lol, unless you doing a huge amount, it's total waste of money.

AuthorMan:
Shares in Nigeria are a scam.

I agree with you. There's so much 'insider trading' and the regulatory authorities give a 'blind eye' to such.

Tareq1105:
His father was lucky to have gotten his share certificate to start with.

I bought the shares of same Transcorps, no certificate, no refund, no dividend.

I've stopped buying shares since bcoz it's a scam.

Sad, a 'smart alec' must have gotten hold of it; and, probably 'sold' it off.

bewla:
15 years on
My share in Dangote flour am yet to get any royalty

Wema bank
Access bank
Oceanic bank

All this share 1500
Each all follow the owner enter rive

Does Dangote Flour pay dividend?

TornApart:
This is funny as hell
.. Can't even pay for his tfare

tfare? ? That's far na.

Can't even pay for the Data and Airtime they used in getting the so called dividend.

1x2x3:
Let's assume in 2009, someone purchased 2,000,000 shares at the rate of N2. This will be a total of N4M invested.

In 2024 which is 15 years later, the shares is currently at N11.
2,000,000 share = N22M + those petty dividends they paid.

Looks like a good investment.



Let's look at what who held dollar would have made just by putting N4M into dollars in 2009 when dollar was $150.

4,000,00 ÷ 150 = $26,666

In 2024, $1 = 1650


$26,666 x 1650 = N43, 998,900 (that's roughly twice the amount from shares in that company)


What about who gambled on BTC?

In 2009 bitcoin was $0.10

Just $1,000 would have given you 10,000BTC

In 2024, 10,000BTC = $672,344,400.


Only if we can see the future

Maths teacher spotted

supereagle:
Yet to receive a dime from them.

Same here. With this, I won't even bother myself going through the stress of getting it.

bewla:
15 years on
My share in Dangote flour am yet to get any royalty

Wema bank
Access bank
Oceanic bank

All this share 1500
Each all follow the owner enter rive

Please contact the registrars to Dangote Flour and collect back your money. Dangote flour has been acquired by Crown Mill since 2019 and payment has been made to all the shareholders. So if you have not seen your money, then you have to search for their registrars and contact them with proof to get back your money.

BuyMeLand:
Some company shares are just useless. 11years investment no even reach up to N1k

You guys don't know the difference between shares and dividends, yet you rush to comment.

Dividends per share in Nigeria is usually between 1kobo to 2naira, and so, the total amount earned will depend on the quantity of shares the person is holding.

Even if Transcorp pay the highest dividends of 2naira per share, someone who's holding a total shares of just 1050 like the Op's Dad can't still hammer from it. He'll get only 2x1050= 2100 per year. And I'm sure Transcorp can even pay upto that 2naira per share.
Only Zenith, Gtb, etc, can pay upto that amount of dividends per share.

Blitzking:
Not good enough...if u see the way Herbert of blessed memory and Tony and his wife buys shares you will realise they buy in billions which is on the High side, but I advise you start from hundreds of thousand of shares to millions of shares. Cos most nigerian companies dividend are in kobos/shares so you need a lot of shares to get something tangible.

Sir, same thing happened to close relatives who are old now. Buying Nigerian shares that will not lead to owning at least 5 percent of the total value of the company is like dashing the company your money. Invest in crypto instead.

NetbizBoss:
One of the Bank Alerts

At least, your palę dey see alert. Oando never remember me for years now. Awon Ole, all the know is acquisition of agip. Ask who Owns Oando? Baba awon jegudujęra

Judolisco:
Wait oh... Na 45 million naira arbi na 45 naira?
I buy one afribank shares that year, I think 2005 or 2007..... With d bank oh, with d share oh.... Everything Don dissappear

🤣🤣🤣🤣
Share you no see
Bank you no see

Naija is one huge comedy show

Idaytesj29:
Sir, same thing happened to close relatives who are old now. Buying Nigerian shares that will not lead to owing at least 5 percent of the total value of the company is like dashing the company your money. Invest in crypto instead.

I don't advise anybody investing more that 10 percent of your portfolio in crypto.

Blitzking:
I don't advise anybody investing more that 10 percent of your portfolio in crypto.

DYOR is for a reason. If this Daddy had bought BTC at that time, the returns he will get today in 2024 will be in millions.

.

The problem with people and investments is not doing proper research. Consider this. Most shares globally pay annual dividend of between 1-15% (when they pay oo!!) This also applies to the biggest companies in Nigeria.Some do not even pay if they've had a bad year of trading.
Also consider that percentage payment is not fixed and can flucuate year on year. Meaning some years they'll pay less and some years they'll pay more.

So for example if you buy shares worth of N100,000. Your yearly return will be between N1000 to N15,000 on average.Dependent on the company's performance that year.

Bear in mind percentage payment is dependent on share value!!! If the value goes up percentage return is high. If the share value goes down percentage is low. So technically speaking you can even lose most of your money.

The only people making real money from shares are those investing N10Million to N100 Million or more. In my opinion if you do not have several millions you are not using to spare it's not worth the effort. Because its an unguaranteed gamble. It's better to invest in government bonds or treasury bills or my personal favourite Property.

Money wey him for take host Sunday party, him carry throwaway. The way business is conducted in Nigeria has nothing to do with what you see in economic text. All your investment can collapse under your very eye.

Idaytesj29:
DYOR is for a reason. If this Daddy had bought BTC at that time, the returns he will get today in 2024 will be in millions.

Crypto is a gamble..a friend of mine bought 3 btc in 2013 it was a gamble and institutional investors had none....Once you become old money u become more cautious

And my Dad bought about 5000 shares from Transcorp as at 2005.

I'm just preparing the Letter of Administration now, and other files to submit.

With this your thread bro, I don dey fear o, me wey dey reason say we for get like 5M 😮‍💨