₦airaland Forum

emmanuelewumi:



It was a property whose current owners were the second generation. They still have properties from their own parents and their own personal properties.


From the write up one of my cousin used his share to buy 4 plots of land, my sister bought an uncompleted property, another sister used hers to complete her property, another cousin used her share to renovate 2 houses in order to get more rental income in the future. Most of us reinvested the proceeds from the disposal of the property into another real estate investment

My youngest sibling and I are the only one who invested their shares in financial assets. She is the closest to me and my mentee. She invested in Eurobond Fund and Money Market Funds because of the stress, meagre and erractic return she got from her first and only property.

Absolutely brilliant what you have achieved with your portion of the land sales and what your sis did with hers, diversification

But the point sophy raised was that the real estate investment of your grandma was very profitable if you add the capital appreciation and all the income generated over decades before it was sold , instead of looking at the recent rental income alone

bought a commercial real estate in 2019 for 85m , when I looked at the original receipt the man bought it 750 naira in 1976 , man was collecting 4.5m rent as of the time he sold , that is brilliant also . Wont mention the value of the land now or the rental income from that same property after we pulled down and built afresh .

Just Grow to have a basket of different asset classes

sophy17:
I can imagine at what price your grandma got the land, then the income it generated over the years from generation to generation and upon the 'old house' being sold by the beneficiaries, you as one of them was still able to pocket over 10m free money (not loan) which you invested with over 200%. Now can you imagine the % of profit made so far on the land since it was bought by your grandma?
Just asking for some here before they take some decision.

Spot on , was expecting someone to say this since i started reading the discuss , nobody factored this except you

The richest people also have some of the the largest real estate holdings , it’s not a coincidence

Diversification is essential across different asset class , stocks , real estate , bonds , treasuries , fcy investments ,commodities , crypto etc whatever you are comfortable with and your risk appetite allows , even personal business

If you make money wella in one asset class , look for another to put the gain

This same stock market market has dealt with people so much that they never recovered

Deadlytruth:
I share your opinion. The stock market is about the only legitimate means to make over 500% profit on one's capital within 12 months. Ever since understanding the stock market and also how cheap Nigerian stocks are, discussions about the profitability of other businesses hardly interest me.

This is funny , and the stocks you invest in are not businesses run by other people ?

Locotrader:
I thank God for the person I am and who I will continue to be.
Which other stock recomendation do I need outside Nsempa where things are happening.
So many stocks have been recommended here and people are sitting on decent profits.Just look at Multiverse that was pointed last week.Stock recommendations is in types.Some recommend and it happens instantly and some recommend and it takes 2-3 years before gbe body.This same stock recommendations is what almighty Cp give us here for free.chai......my goodness.
Now, you have to pay to get a stock recommendations which is picked from Nsempa house.Make una shine una eyes look.Hunger dey for Naija.

You forgot custom street

But to be fair to Ogg , seen recommendations in some of his elaborate analysis

topsy23:
Rubber one is more durable .. Rubber can withstand any form of heat or climate system.

Plastic can break or crack if not properly handled

So which one you buy for me ?

emmanuelewumi:
Then it is becoming a Medical Conglomerate. Production should be a new development, I have been patronizing their service for more than 10 years.

Just getting to know about pharmaceutical production.


With EPS of N1.30k in 2022, I don't understand why it was listed at almost N3.00.

Probably by 2023, we will start seeing the contribution of the production business in the financial performance of the company

Mecure started with pharma production long ago , late 90s or early 2000s , others were after , diversification

Dum20:
Stanbic Ibtc

It will be there asset mgt arm handling . Someone already posted details above . One of the 2 firms I use

Dum20:
I guess so. Since I do not have up to $200,000 I am wondering if that is the only option available.

Oga Emma said he got his through United Capital and can be gotten through Stanbic IBTC Asset Management.

I am wondering if the one from the banks is different from the ones from Asset Management companies.

Which bank

Wotowotoman:
Eurobonds issued by Nigeria, Kenya, Ghana and all these struggling African countries are not risk free…where will they see the USD to repay when the time comes

You are correct , have a friend that lost over 200k$ in ghana Eurobond , for now . The interest was too enticing for him , 9.something % I believe

When you buy dollar funds they invest in all sort of dollar instruments , including Eurobonds of all sorts . It’s a basket, risk is less that way . It’s better to play it that way .

Dum20:
My bank called me yesterday to invest in their dollar denominated mutual fund.

I guess it is different from Eurobond.

They invest mostly in Eurobond

topsy23:
1$ = 1200naira as today.

Nigerchin, Kabelmetal said there will be some review in the price of cable soon because the price of copper has gone again.

God will help us in this country.

Relentless , acceleration in prices are comparable to Covid times

Hope the wires for my next project with you are intact
There will be a window for people to buy stuffs before prices surge again in the market

Bought in the last one month , acs , pop boards , the savings in price of 2hp hisense ac is 30k just in 2 weeks , 200 to 230k now . Bought generators , iron rods , wires in the last 2/3 months , bought stuffs from china for this new project 4 month ago at around 800 to a dollar , working on buying tiles cdk and even paying for aluminium roof soon and we never break ground
Delay is dangerous in Nigeria , if you have loose funds and you are building buy in advance

Meanwhile akala is almost complete .@ Egunmogaji we are still pushing for Xmas sales

rmx:
Everybody be expert now on top forex and importation matter . Even People that don’t produce locally and people that do no importation. Nothing will change short term . Not prices of the goods released from the ban to access official dollars . Simply because there is no official dollars . Did prices of goods that had acess to official dollars come down ? [/b]Trajectory is still upwards for all goods both locally produced and imported[b]

[/b]If you have anything to buy and you have money . Buy on time . Delay is dangerous[b]

Reality and advice

VeeVeeMyLuv:
And not raise one's expectations about those bunch he mentioned too much, so that the outcome of their policies will not b too surprising or shocking or feel disappointing to the individual.

Actually quoted the wrong post by emma , was to be the post on dollars getting to 2k etc , use to think he was anti dollar investment

If anybody by now does not know to have dollar or fcy investments in his portfolio ,he is a novice and does not understand fully the workings of Nigeria but hey we learn everyday , let me also add for business owners that trade in goods , holding non perishable stocks could also be a good a hedge as holding fcy now

As for politicians, the sooner you know they are not there for you and they are not the Calvary coming to rescue you , the better

emmanuelewumi:
I have never believed in any Nigerian politician

Fantastic . The beginning of wisdom . Always try to control your own narrative despite the madness or chaos around

Will also say we might not be dealing with the true value of the naira and speculations might have entered , but time will tell , we move regardless

emmanuelewumi:
Na from Monday we dey know how the week go be.


People will make very good money, but the vast majority will be poorer in the next 4 years


Invest with knowledge, no politician is ready to salvage anything.

We need our personal strategy on how to navigate the terrain, salvage the situation and harness the opportunities

Interesting, seems your outlook has changed , when you wake up is indeed your morning . NOTHING in Nigeria has ever taken me by surprise over the last decade , absolutely NOTHING

Godisfaithful:
E ku market ooooo

Hope the “renewed” is getting the “Shege” going?

$1 already N1,140 (average)

£1 already N1,400 (average)

Let’s go

This man you just like to dey pepper us sha

Hope say you get this dollar wella for hand sha

NotAWierdo:
Does this signal another further naira devaluation of the official window in the short-term?
https://nairametrics.com/2023/10/17/exchange-rate-devalues-to-n848-on-ie-window/

Obviously . with black market at 1100 today . people need to be prepared for more pain

Everybody be expert now on top forex and importation matter . Even People that don’t produce locally and people that do no importation. Nothing will change short term . Not prices of the goods released from the ban to access official dollars . Simply because there is no official dollars . Did prices of goods that had acess to official dollars come down ? Trajectory is still upwards for all goods both locally produced and imported

If you have anything to buy and you have money . Buy on time . Delay is dangerous

ositadima1:
That is part of the plan.

I did a little calculation, but before that I want to point out that the Nigerian market can be predicted to a large extent, although it requires a lot of patience and observation. Some notable stocks that would have been almost sure bankers for an astute investor are GTCO, DANGSUGAR, and some other banking stocks. By this time last year, the picture would have started to become clearer.

Now back to the calculation. ₦25 million, which was £25,000, was doubled, and now he can sell off and enter sukuk or long-term bonds at 14% minimum. After ten years, his ₦50 million (after the double) would amount to ₦113 million, while the same pound at 4.5% would be £34,000 at the end of 10 years. The naira would need to fall above ₦3,320 per pound for him to do worse in the next 10 years.

What of if he converts the funds back to pounds after he sells off and waits for other opportunities in the nse that will definitely present itself in the next 5 to 10 years , surely he should do better than 113 m while limiting his exposure to naira devaluation ?

phadriz:
Depending on the angle you are looking at it. I invested N25m in May 2023 which was £25,000. I bought over 8m units of Transcorp, I exited with value in excess of 40m which was around £33,000. I entered Oando @ 7.35, it rose to N16, I didn't sell because by my projection I expected Oando to do N20. Even @ current price my portfolio is around N50m (£40,600). Can you now tell me it unwise to invest in naira? I believe in price appreciation strategy and not dividend payout.

The best interest you can get in the UK fixed income investment is 4.5% per annum, if I had chosen that option my investment will worth £26,125 after a year.

You have done well . Diversification is always key . Holding different asset classes . Even poor naira has its uses . Said it repeatedly here you can hedge devaluation and inflation by buying right when opportunities present itself , see the returns of some stocks since may 2023 . And I do agree with you price appreciation is the koko not dividend . All my returns have been well above the devaluation rates for the dollars I changed in may . Don’t forget to lock in profits and move to other asset class , make NSe no do you strong thing

emmanuelewumi:
How long have you held on to the investment? Were you reinvesting your dividends.

I remember some years ago when UBA sold for as low as N3.00, that should be in 2018

Bought 4 months ago . Don’t do dividend

Bought uba 6 , access 6.5 , gt 17.5/18 , zenith 11.4/8 , dangote 111/20 , first bank 4.6/5 etc all in April / may 2020 Covid year . Had to run Morgan report to check prices .Sold all later that year . Those were phenomenal times

My own uba dividend , for some reason have not sold since I entered may even though my target has been reached , must be getting sloppy

One of my favorite quotes

austinkenneth:
An unassuming friend just collected 4.6m from UBA as interim dividend. He started investing only 3 years ago, during the COVID lockdowns. He came into the market with big money though.

Covid year 2020 was a once in a lifetime opportunity. Looking back now , wished I had even deployed more funds then . Remembered vividly liquidating funds from fds and money market to enter stocks and dollars as the Markets crashed world wide . All my account officers thought I was crazy , person no just fit Dey pray for calamity or affliction to arise a second time ni o

narite:
Put 3.5M in the best performing assets, it has beaten all form of investment vehicles in the Nigeria Sector and I do not see a slowing down anytime soon. As we are governed by moröns who are more in interested in talking about school certificate than anything else.

The best performing asset am talking about is the “Dollar”.

Put 1.5M in good stocks, spreading it across 2 to 3 solid companies listed on Nigerian stock Exchange, that are consistent with paying dividends. The dividends gotten from this companies should be use in buying more Dollar. Good luck!!!

You don see the light on this dollar matter

Remembered your earlier post . When you wake up is your morning . Diversification is always key

redgem:
Do you guys think distributors will sell Bua cement at 3500?

I think it’s for optics , politics and other relevance . I know a distributor that has paid for over a month at the old price of 4650 from bua that is yet to get his supply . Time will tell

Itsrm:
Okay. I was under the impression that one of their selling points is that they don't charge transfer fees.

Very low , 20 naira flat for any amount , even millions

Itsrm:
Of what use is the money if it doesn't even last one week with them?

Transfer fee for once

Also after a while , you get complacent , have a lot of terminals . Pay most of my suppliers from there when I remember the amount of funds I have there and that I have not transferred out for sometime . So slowly you adopt them , guess it’s the same for everyone else

emmanuelewumi:
Really



I know Opay is huge, learnt it is owned by Chinese investors.


I only see disruption in the retail segment and they are playing a major role in the financial inclusion.


The 3% of the banks customers who control over 95% of the deposits will still stick to the big banks

Don’t know the numbers , Moneypoint is also huge

What people do , mostly people that control that 95% deposit ,they use mostly moniepoint and Opay for collection and transfers , then sweep into conventional banks on a daily or weekly basis later

Most retailers and businesses use them now , the adoption has been spectacular. The transfers and payments are instant and very little downtime due to network failures compared to the traditional banks Pos

emmanuelewumi:
What do you guys have to say about how Opay, Palm Pay are eating into the retail segment of the banks market share

You dint mention Moneypoint , arguably the leader in this ongoing disruption

walexProjects:
Happy Independence Nigerians

God bless Nigeria

Only that inflation is not abating

Tiger tmt is at 550k par tonne wholesale last week , was at 495 when I purchased august , will be increased next week according to my supplier , advised me to stock up more . Kudos to people still firing on all cylinders with there various projects .what God cannot do does not exist