₦airaland Forum

emmanuelewumi:
Because we didn't introduce them to it at a young age, if they worked in the family business during holidays and made to realize that it is the business that pays the bills, school fees, vacation etc. They will be interested.


I have a friend in the University, his illiterate mother was a big time textile trader on Lagos Island. His mother did not want him to come near her shops, she wanted him to be a banker. The guy studied Mathematics in the University and graduated with a second class upper

During the ASUU strike of 1993, when Universities in the country were closed down for over a year. Out of boredom the guy decided to go to the shop twice in a week.

He saw how his seniors in the University who are bankers were coming to her mother's business for deposits, the few 8 months he spent during the long holiday opened his eyes to the money making opportunities in the business.

When he graduated the following year, he did his NYSC with one of the new generation banks, he was retained by the bank after NYSC. He worked for just 2 years before he resigned to manage the family business and he has done so well for himself with Investments in real estate in Nigeria and outside the country, stock market and also expanded the business

Brilliant......

Like stories like this

leo1234:
It is better to analyse the financial report and mention the fair value than just quoting any price you like.

You can help us Sir.

megawealth01:
JIJO won't let you na

locodemy:
United capital will certainly touch 10 this year.
Imagine having vitafoam and ucap in my portfolio before this time.

Vitafoam will soon release Q3 result. Hopefully a good result as usual.

yMcy56:
E Ku Market o.
Just say make I greet Una.

Hope some Nsempas key-in to Fidelity @2.20.........and some at earlier 2.10.......
Seems Moneybags just had to shift their goal posts up cos bargain hunters weren't/aren't giving them breathing space below 2.30 again....

Got afolabi units at km 2.3

Let's see how it goes

@Myc, hope you entered UPDC then at 80k?

megawealth01:
Soap will be available at km5

UPDC.................GOING TO ROME

megawealth01:
UACP on fullest bid...

Custodian guys now pumping UACP maybe km3 is their target

Mandatory take over

emmanuelewumi:
It is part of the value, good location, amenities, security etc.

I know tenants who paid for 12 months in Lagos and had the vacate the area after 6 months, not minding the fact that the landlord won't compensate them by returning part of the rent paid

This got me to remember some years ago I paid 400k for an accommodation in Ogba Ikeja to stay close to work place in Ikeja GRA for 1 year posting , after 2 weeks of hold-ups coming to work late and reaching my accommodation late in the night, I got another accommodation very close to my work place. The previous landlord promised to refund som part of the money, till today, nothing. But I think God my sanity was preserved from Lagos traffics.

yMcy56:
June 15 post.

ACCESS sighted @ 8.95.....
UBA sighted @7.70.......as at now.....

E Ku Market o.

Shout out to Oga @Wanaj0.

Your doing well Ma

NL1960:
Iam sure when the tenants came in, there was no agreement on percentage increase and frequency given to them. I have noticed that most landlords do not like doing this or shy away from it because they want to be able to wake up anytime and give a percentage. My landlord once gave us a 60% increment after 2 years. What can you say to that as a landlord?.

I have nothing to say.

Left mine as my contribution to housing deficit in the country.

QuinModah:
This popping up again, is it actually profitable? Would you advise I sell off my property and invest in it? Are there no challenges to the bolded, given the fact that, it the same real estate business.

Hmmm

I would advise you seek advice from your investment manager.

emmanuelewumi:
They are shareholders in your house na.

They will form Tenant Union.

Our entitlement mentality is appalling.

It is right when an employee leaves his employer, but wrong when your employer asks employees to leave his business and go and do great things for themselves

It is right when a tenant moves out of a house when his social status is elevated or can't cope with his rent, but it is wickedness when a landlord asks his tenant to quit even after giving six months notice and the landlord is ready to forego rent for another six months.



Just sell the house and use the proceeds to buy more REITs or build an investment property

Definitely, the house will be sold.

One of the decisions l made in my early days.

maishai:
Oga Emma has dropped a Golden rule.......... Please digest before emotions................ The decision to be a good tenant is a personal decision, most at times its not even about the increment but the entitlement mentality................ personally, I have a beef with some of my co-tenant as they feel I have too much money cos i pay my rent as at when due............. There is always something that comes up when its time to pay the rent.............. I feel if one has taken time to erect a good structure in a prime location, one should take this approach, the typical tenant is a vicious animal ready to milk the last drop of his annual rent......................... I say this from experience living in rental property

I'm yet to have a rental property but when I have one I would follow this approach........... Personally one should take this approach even with the caretaker of the property, the average Nigerian has too many problems and would rather use your money to solve their problems except there is a threat of physical injury and humiliation

There are too many bad eggs spoiling it for principled persons like you and me

Very Apt.

My old tennants resisted increase in my rental apartments with the new tennants.

More than 5years now, I have not increased rental fees despite bearing the maintenance of the building. I have decided not to increase the rentals, let the rental incomes keep coming and be diversifying into equities like updc-reit etc. The tennants seem to be happy to have nice landlord

The troubles of real estate investment in the country have made me not to build any other rental apartments; having discovered the easy way of doing investments in equities and fixed income Investments without headaches.

megawealth01:
UACP making me so excited... Seems CUSTODIAN GUYS is making this thing GOLDEN... AccessBank still undervalued at current...

Not a recommendation

Now the mandatory take over is no more mandatory to buy us out, we shall hang on until we reap the fruits of our labour with Custodian management.

We are going no way

Vitafoam seated at N16

yMcy56:
Up with a whole +10% ......N140...

VITAFOAM: Up with 45k to close @15.40....

OANDO:
Some cr.azy rush at some point......Up with 0.29k.
Is this month end rush for the Q2 2021 report or something brewing there?

FIDELITY: Is becoming annoying @ that 2.30 region.......... not withstanding, it's worth exercising patience for.........
The gap with FCMB is too wide, needs to close the gap anytime.....

Vitafoam.....what is really cooking here. Can't wait to see their Q3 result

FLOUR MILLS PLC

Impressive result

Dividend N1.65 per share

nna777:
.

I invested based on their q2 n q3 2020. q4 didn't deliver. Dividend dropped to 18k from 49k so I just dey chill inside the bus. Am waiting for their q2 n q3 2021 to decide to stay or go.

Thank you

nna777:
It's good to be patient oo. Wanted to take some profit but av changed my mind .

Cadbury has finally woken up.

Tell me more about Cardbury....fundamentals

yMcy56:
ZENITH
Some entities are seriously accumulating this stock.....
We watch how they're going to dismantle the roadblocks @24....…...or....

GTCO
Sold down to 29.50.........back to 30 again......
Offers still far outweigh bids unlike Zee....which is opposite....

UP FCMB!
Sighted @3.40........up with +0.30k.........with heavy cross deals and floor picks....

FIDELITY should brace up.........this is a challenge....

I think investor prefer Zenith to GTHOLDCO

erwinschro:
I am firmly in this bandwangon. I mean the performance of that bank in the last two decades is spectacular. When Aig Imoukhuede and Herbert Wigwe bought the bank around 2005 it was the 64th bank in the country and it is now top 5 in almost all metrics. Aig did a great job as MD and made the plans with Herbert Wigwe to continue and stay on the successful path. They are still aggressively chasing growth and buying up many many companies.

I can't say too much about their financials, but I firmly believe in the current leadership and their ability to create success and I'm happy to put my money on even just that belief alone

You see well

ojeysky:
Because trains in naija dey breakdown o....am still in small sha will ride the rest to next bus-stop km20. Taking more seats in access before train moves

Am going no where from Vitafoam

Akerewe:
am new to this, pls is everything ok with the bond or i was cheated by the broaker? and perhaps which one is the best among all these types of condition u listed. at par, at premium and at discount? thanks for ur input ok if i sell at bullish will my capital be guarantee and will i make small money on it/

Your not cheated at all

The bond is ok

Just target at discount prices next time to help you buy at discount price, like buying 1.5M bond for 1.4M...

...you get better the more you invest

Some investors may have bought at higher premium prices like 150 in the early days of their bond investments...

Keep learning as you invest....

Akerewe:
its a new deal, just 2days ago. it was sold to me on Monday. its for 2036 nd @ 12.40%. pls let me know if they cheat me so that i can start dragging them or is this how bond works? av bn buying treasury bills, sukuk and money market. i bought bond for the first time

You bought at premium price ...above 100

There is Par price...100

There is discount price....below 100

You will be ok with the coupons of you stay till maturity or sell when the bond market becomes bullish

Mpeace:
Lol. Access bank's recent numbers look even better than both fidelity and vitafoam

Got some Afolabi units of Mr Swallow today

currentprice:
now bedsheet is pointing to two other stock.

one on banking sector another on d other sector.

it will be reveal at appropriate time on confirmation

watch out!!!

vummmmmmmm with my two leg b4 pastor vee catch me

Weldone Sir Currentprice

You have been doing well to us since 574 BC

Banking sector....ACCESS or FIDELITY?
Other sector......?

stockbull:
@Mercilicious and @Loco and others, I've been out of Stock market since Gej was about leaving.

I made disclosure then and I'm happy people are still doing well here.

I'm a political creature but not into politics, and i do not believe The current president and the possible team then.

Like many have encouraged diversification, properties bought 5 years ago would have yielded more than any valuable stock picked at random from a list.

I hope to come back to the market when at least we have a more credible (perceived) president, and economy team.

Good to hear from you Sir Stockbull

Wish you quick entry back into NSE

yMcy56:
Doc, I don't know the prediction you referred to...........but N20 was actually predicted.....
......and CP gave a worst scenario of N14 based on Q1 2021 I supposed........

I reserved the post for Peterichy ni....

Peterichie is still hoping for TranscorpOIL

yMcy56:
VITAFOAM
Sighted @12.90.......
Any serious long termer's portfolio without Vitafoam is incomplete.....
Peter E Ku market.

**DD Applies**

Was predicted to be N15 stock by November 2020 when their FY result was out

Market just trying to obey the call....

Chikebrain:
Would love to add the bond to my portfolio of small investments but the average African man in me is scared of uncertainty over the 10yrs or any duration I pick. Please would love your response on the following questions
1. Using the 10M at 14% as a case study, from above responses, I should get interest twice a year at 700k*2. When does capital come back in

2. If probably before the 10 yrs duration I get a hunch to stop, can I liquidate

3. Can I re-invest interest (I believe that's compounding)

1.....at maturity; depending on the year you invested

2.....very easy to liquidate via the same investment house or bank you used

3....yes, you can buy the same bond from secondary market, so you will get 2 coupon alerts at coupon payments dates, if you continue like dates, the numbers of your coupons alerts keep increasing