₦airaland Forum

designking:
What is the current price of Oando? Yochaa price seem not to be updating at the moment.

I feel like buying some Oando units before tomorrow board meeting.

designking:
What is the current price of Oando? Yochaa price seem not to be updating at the moment.

I feel like buying some Oando units before tomorrow board meeting.

KarlTom:
TOTAL no declare dividend despite 115% PAT increase y-o-y

That's quite strange 🤔

DeRuggedProf:
Veritas is now Virtual reality...

designking:
What is the current price of Oando? Yochaa price seem not to be updating at the moment.

I feel like buying some Oando units before tomorrow board meeting.

emmanuelewumi:
Nigeria Stock Exchange was established in the early 60s all the listed company were foreign owned at least 99% of the shares were owned by foreigners.


My mentor late Akintunde Asalu in his book "my life of stock" said he bought his first stock in 1963 because he wanted to prove his Economics teacher at Kings College wrong. The teacher said Nigerians will continue to be poor unless they own shares in the big businesses making money in Nigeria.

Asalu was able to retire in 1979 at the age of 37, by the time he died in 2007 his stock portfolio was about N500 million, not bad for someone who never held a political appointment nor was a successful business man.


The first set of Nigerians to buy shares were corporate executives, Asalu worked with Unilever and RT Briscoe

When Nigeria Brewery, Nestle, Guinness etc had public offers, Nigerians didn't show interest except for the informed few.

In 1976, Obasanjo introduced the indigenization policy which made it compulsory for Nigerian citizens or Nigerian government to own between 40% to 60% of the shares of listed companies.


That was how Nigerians, state government and FGN owned shares in all the companies on the stock exchange from Manufacturers to banks, petroleum marketing.

Unfortunately it was Nigerians from a certain part of the country that were able to harness this opportunity.


What El Rufai did in 2003 was to democratise ownership of the privatized businesses by making sure the shares were bought by all Nigerians

Sunrisepebble:
Okomu trading at a VWAP of N518! I dont think this should be anywhere near Presco based on results

Sunrisepebble:
Okomu trading at a VWAP of N518! I dont think this should be anywhere near Presco based on results

emmanuelewumi:
Saw your DM, how can I help you

olaremint:
If u like' go and be buying oando. The more you look the less you see shares

emmanuelewumi:
Based on result, it should times 2 of Okomu

Mpeace:
Presco, don't you think their recent acquistion may affect their ability to pay good dividend?

toyeoye:
Here we go!!
Stay updated: http://stockbubbles.com.ng

Mpeace:
Presco, don't you think their recent acquistion may affect their ability to pay good dividend?

GeeKudi:
Sold part of my holding to put into another stock because of this. I will get back in much later. I may be wrong but I couldn't wait the potential opportunity cost.

Good day, everone.

DeRuggedProf:
This looks like MARS, the red planet. Veritas should have warned us it was taking us to Mars...

Oatoder:
Thank you boss, I saw one of your posts about your mentor’s book. I'm looking for a way to lay hands on books or authors that are focused on Nigeria stocks

Sunrisepebble:
I’m exiting my Seplat Position to port to Aradel and grow my holdings there. Far more upside considering the valuation

Omooloriredade:
Hmm......Seplat is a very good company. Worth holding for long term in my view. It's good for an income focused portfolio I just don't like the stock.

In terms of bvps, Aradel is trading at a higher multiple though.

Disclaimer - This is a personal opinion, may be misleading and it's subject to change.

Omooloriredade:
Hmm......Seplat is a very good company. Worth holding for long term in my view. It's good for an income focused portfolio I just don't like the stock.

In terms of bvps, Aradel is trading at a higher multiple though.

Disclaimer - This is a personal opinion, may be misleading and it's subject to change.

megawealth01:
ARADEL is too high for me ooooo. They should do promo for those that ain't on yet

chimex38:
Insurance
Red letter day!!
Contagion effect abi na wetin?

megawealth01:
ARADEL is too high for me ooooo. They should do promo for those that ain't on yet