₦airaland Forum

Meanwhile CSCS hasn't sent me trade alerts for like 2 weeks now.
They've started going through a lot again.

Shalom428:
With all modesty , I have multiple of that in my NGX and my money markets but that doesn't mean I will look that amount less. I don't live in Nigeria, I'm well travelled, so I can tell you for a fact that if you take care of your daily needs and you have 137K ( N200M ) saved , you are RICH by the world standard.

No be everybody wan be like Dangote. It's all about mindset . No be everybody wan build by 5 , 6 duplexes. Some people are very much okay with a bungalow, after all , house Na house. No be everyone wan buy Lamborghini , some people are okay with their Toyota. No be everybody wan buy super yacht and private jets.

No need for unnecessary pressure

Kudos to you for what you have and the positive mindset too.

Shalom428:
With all modesty , I have multiple of that in my NGX and my money markets but that doesn't mean I will look that amount less. I don't live in Nigeria, I'm well travelled, so I can tell you for a fact that if you take care of your daily needs and you have 137K ( N200M ) saved , you are RICH by the world standard.

No be everybody wan be like Dangote. It's all about mindset . No be everybody wan build by 5 , 6 duplexes. Some people are very much okay with a bungalow, after all , house Na house. No be everyone wan buy Lamborghini , some people are okay with their Toyota. No be everybody wan buy super yacht and private jets.

No need for unnecessary pressure

Kudos to you for what you have and the positive mindset too.

awesomeJ:
sorry about your experience.
The context you gave still isn't complete though?

like when you buy a fertilizer for N70,000, how many hectares is it expected to cover, or better still, when you farm 100 hectares of rice,
1. what quantity of fertilizer is required
2. what's the expected labour and seedling cost
3. what's the expected yield in terms of tons of rice paddy

With these context, it's easier to see the real picture.

I don't contest your context o, I'm just saying it'll be better if it's expanded.

You need 1.5 to 2 million naira to farm one hectare of rice farm depending on the location. You can get 50-70 bags of rice from one hectare depending on the soil and your luck. Nigeria has one of the lowest output per hectare in Africa because of lack improved seed and lower farmers knowledge. one bag of paddy rice now goes for 35,000 or lower. even if you have the maximum output of 70 bags per hectare, your total proceed is 2.4 milion. The average out per one hectare in Nigeria is between 45 bags to 60 bags.

I have pdf that details all our expenses. I will check and see if I can drop it here.

Itzlinda:
You need 1.5 to 2 million naira to farm one hectare of rice farm depending on the location. You can get 50-70 bags of rice from one hectare depending on the soil and your luck. Nigeria has one of the lowest output per hectare in Africa because of lack improved seed and lower farmers knowledge. one bag of paddy rice now goes for 35,000 or lower. even if you have the maximum output of 70 bags per hectare, your total proceed is 2.4 milion. The average out per one hectare in Nigeria is between 45 bags to 60 bags.

I have pdf that details all our expenses. I will check and see if I can drop it here.

Thanks for sharing.

So part of the problem as you mentioned is the seed and farmer's knowledge. If these are fixed and you can get your output to 80 bags per hectare while cost stay at N1.8m, that looks like a gross margin above 50% at current prices. But I imagine it won't be as easy as said.

I wonder what those IITA guys are doing if our farmers are still having "sub prime" rice seeds given how much of a staple rice is.

Is it Donald Trump turning the NSE red, or is something else happening?

Some stocks have very low volume traded.

Fred2020:
Is it Donald Trump turning the NSE red, or is something else happening?

Some stocks have very low volume traded.

Donald Trump effect plus CGT

Agbalowomeri:
Oga Pluto ACCESS don reach your junction o

Abi you wan wait for my own junction?

The bid I put hesitantly at 21 don fill. I am now thinking if I should sell and buy at 15

ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.19%

awesomeJ:
Thanks for sharing.

So part of the problem as you mentioned is the seed and farmer's knowledge. If these are fixed and you can get your output to 80 bags per hectare while cost stay at N1.8m, that looks like a gross margin above 50% at current prices. But I imagine it won't be as easy as said.

I wonder what those IITA guys are doing if our farmers are still having "sub prime" rice seeds given how much of a staple rice is.

Yes, If we can to that level of output we wont even be afraid of rice importation as we can compete with farmers from other countries, but now we cannot

emmanuelewumi:
Because of our corrupt politicians, civil servants and criminals we just call money anyhow.

I doubt if 95% of the global population have the equivalent of N200 million

My Chairman, na the fake valuation of houses in derelict environment for Lagos dey make many to think NGN200 Million is small money especially in liquid assets.

They will paint houses in colour white, put strobe and disco lights in its living areas and start calling outrageous prices whereas it is the same people that rotating the houses amongst themselves. Those houses can not command such prices with any reputable bank if they are being used as collaterals.

If Emiefele has not printed so much money I to a few hands in the system under the guise of ways and means, would people be saying NGN200 Million liquidity is not big money.

How many people in the world including America have banking and non banking liquidity assets worth NGN200 Million.

awesomeJ:
Weldone o @Agba
Index has crashed below 150k

Very good.Let it go to 130k and below. Then it will draw yeye government interest and minister of finance. They will ask the yeye tax guy some relevant questions. Dangote Cement should start losing 10% for straight 3 days
The yeye guy want to put sand for this government in record they have been using to boast against other countries stock market performance.

ololufemi:
My Chairman, na the fake valuation of houses in derelict environment for Lagos dey make many to think NGN200 Million is small money especially in liquid assets.

They will paint houses in colour white, put strobe and disco lights in its living areas and start calling outrageous prices whereas it is the same people that rotating the houses amongst themselves. Those houses can not command such prices with any reputable bank if they are being used as collaterals.

If Emiefele has not printed so much money I to a few hands in the system under the guise of ways and means, would people be saying NGN200 Million liquidity is not big money.

How many people in the world including America have banking and non banking liquidity assets worth NGN200 Million.

Meaning many Americans are broke guys.They no fit just enter club do dorima...lol
They no fit do hook up with lekki girls like agba or abj high class girls too

pluto09:
I no dey buy again

Itzlinda:
The bid I put hesitantly at 21 don fill. I am now thinking if I should sell and buy at 15

But you are already in profit na

Fred2020:
Is it Donald Trump turning the NSE red, or is something else happening?

Some stocks have very low volume traded.

People need to be reminded that bull will not continue forever. The bull has been around for some times now that many now view any red as an aberration.
While nobody might say exactly when we will enter a bear market,we all must not forget that the stock market runs in a cycle.

pluto09:
People need to be reminded that bull will not continue forever. The bull has been around for some times now that many now view any red as an aberration.
While nobody might say exactly when we will enter a bear market,we all must not forget that the stock market runs in a cycle.

So what cycle do we have now.
I guise failed government/failed policy cycle
The ngx was just recovering from devaluation hit and boom they stricked again. It was never real a bull cycle we had if we do the calculations..I will call it right pricing based on current exchange and inflation on the street

awesomeJ:
Meanwhile CSCS hasn't sent me trade alerts for like 2 weeks now.
They've started going through a lot again.

Yeah I thought it was just me sef,.no alerts for all my buy and sells..Even meristem does not send mail for orders as well.

pluto09:
People need to be reminded that bull will not continue forever. The bull has been around for some times now that many now view any red as an aberration.
While nobody might say exactly when we will enter a bear market,we all must not forget that the stock market runs in a cycle.

Historically, your point is totally correct.
However, for the current situation the horizon does not look good for a recovery because of the CGT.

mikeapollo:
Historically, your point is totally correct.
However, for the current situation the horizon does not look good for a recovery because of the CGT.

Recovery for a market that is yet to go bearish?

emmanuelewumi:
Because of our corrupt politicians, civil servants and criminals we just call money anyhow.

I doubt if 95% of the global population have the equivalent of N200 million

That means if u have a billion and above on liquid assets in nigeria from genuine hustle u are not doing bad

Streetinvestor2:
How much is the cheapest EV car u can drive from one region to another region in nigeria. I am not talking about those toys u can only really use in golf grand..Not something u see dangota truck on the road u move out of ur lane.
Then for senate being lead by akpabio. Dont take anything from thr serious any time natatsha is present on the floor. E get why. The final decision comes from a special part of the body...lol

The bill is sponsored by Senator Orji Kalu of Abia. The contents looks decent for Nigerian investors and workers not to get left out in the EV value chain. Google or ask AI bigger EV’s are being dished out by China.

Streetinvestor2:
That means if u have a billion and above on liquid assets in nigeria from genuine hustle u are not doing bad

99.5% of Nigerians no get liquid assets of N200 million

pluto09:
Recovery for a market that is yet to go bearish?

Really? You think the market is not bearish yet?

emmanuelewumi:
99.5% of Nigerians no get liquid assets of N200 million

like seriously. Is possible because many of my friends believe in houses and land over many things as asset When I talk about liquid assets they are never interested. Thr reasons is lost of trust in government and institutions that anything could happen to such assets and u are finished

Make ASI they decieve some people. Some stocks are racing south like village people they push the thing. AsI is never true reflection of ngx

Mpeace:
Pls stop passing info only on what you read, sometimes try taste the soup before telling how delicious it is.

Is there an EV vehicle with at least 4 passengers capacity that is worth less than 25million?

In a country where average power supply is less than 10hrs a day what business do we have with electric vehicles.

You talk about the sun. Lol. I also thought the sun was enough until I installed a solar system in my house. It is good but not what you think it is. Sometimes you have to put off almost everything in the house for the solar system to last through the night. Even when you expand the system, the sun is not just enough, you still rely on the grid or generator sometimes to charge it up.

Always ask yourself why all those developed countries with constant power supply still have the petrol and diesel vehicles dominating.
Why are they still interested in gas etc

For a country like Nigeria that is an oil producing country, and relies heavily on oil, we have no business promoting EVs more so that we don't have enough electricity to power the basics.
We better focus all that energy on growing our oil and gas sector.

I use solar for most of my electricity. The technology is still evolving and it requires more efficient use of electricity to get the best from it. You’ll need genuine inverter A/C’s that are 50 to 70% more efficient than common piston compressor A/C’s amongst many adjustments to get the best out of them. Also good lithium batteries etc.

China is already strategically moving ahead very fast in adopting EV’s through hard work. Africa may be laid back or may pickup. We even need to build simple roads etc first sef.

BabsO2:
The bill is sponsored by Senator Orji Kalu of Abia. The contents looks decent for Nigerian investors and workers not to get left out in the EV value chain. Google or ask AI bigger EV’s are being dished out by China.

Those type are from 30 million up.How many do u see on the road if not government bought

emmanuelewumi:
99.5% of Nigerians no get liquid assets of N200 million

The point is, what is the real worth of the N200m?
Things are bad now such that a single economy policy by a govt can make that money lose value overnight.
A country where prices of goods and services can just double or triple overnight just like that.
A bottle of water was N30 just a few years ago. Today, it is selling for N200-N300.
It is the trend and fear of inflation.

Utalinmou:
Don't worry much about the red because it's just beginning. Worry more about the business itself

Hmm. What's wrong with the business?

Toluway:
Mikeapollo, be far na, how can you say that an investor with 200m portfolio is a struggling investor?
Even with my about 150m, which was only possible because I sold a piece of landed property, I consider myself rich. In fact, I'm a multi-millionaire.
If you feel that you're a struggling investor with 200m, when then are you going to enjoy your life? With my present portfolio, even the dividends alone is enough for me to live like a king.
I give the glory to God Almighty.

Depends on what the 200m is on…e.g Is it on top of a befitting self-ownership accommodation, or rented accommodation, significant school fees at all levels or nil dependents except aging parents, better life augmented by solar inverters and regular water supply from an efficient borehole, or just annual expenses for vacation abroad or maybe enough to dine in luxurious cuisines at home or abroad or fly business class, or on numerous philanthropic ventures. Money must meet needs and improve the standard of living for it not to seem more of vanity.


“ Money you do not spend is not yours, life is for the living”

…Femi Otedola

To which I just want to add

………………by the grace of God.

Ginalex:
Zenith trading at 59.95, 60 naira levels. Make I still wait abi make I jump in

There is a support S1 on the daily chart around 57.90 and S2 at around 50.65. Will it get there? Probably.