₦airaland Forum

@Mega, YMCY, Peterichy, SonofEllyon
Remember the Proverb that if you chop alone you die alone.
Please you people release small JAPAULGOLD for us, I thought we are friends naa?
LOL!

See me chasing JAPAULGOLD like American Visa, since 3 days now only 700k units since day before yesterday, so far all my orders returns unfilled. Peter and Loco abeg make una release small for us naa

yMcy56:
I'm not sure if it's Anchoria but I know it's one of the named brokers for the RI of OANDO.

If Anchoria is the MM, then it's a matter of time for those that can be patient.
The kind thing Dem go take OANDO do, hhmmm.
Guess they're mopping the volume in free float first, then hoarding may start at some point, lol it's just my opinion o.

I learnt they won't start releasing ZICHIS until it gets to circa 15.....
Maybe we can start to see it on the floor this week.

So who go come buy a company with total revenue of #400m last year at #15, newbies?
Even Awesome can trade above their annual revenue in one day.

zendi:
Hmm, the taxman is proud of you.


If you like turn your portfolio to Heirs Holdings, the taxman will wait for you and/or your heirs.


The vulture is a patient bird .

Oh men! You just got me rolling on the floor with your savagery. Seems you have a degree in Savagery?

yMcy56:
Oh okay.
I thought you had insider info that Friday.
No vex.

If OANDO didnt go up immediately, then those insider boys are at work for the Masters and they have other better reasons for it.....
Reasons like: they don't want many holders to participate in the Rights, so they won't want the Rights to be attractive to them.....
Once they're done sharing the RI among the big boys, they'll come and move it to their target price....

* Come to think of it:
Which set of people could have been in possession of those humongous volumes?
Na Dem Dem nah.

** If they're not shaking off weak hands to mop-up as much free float as possible, then they're deliberately supplying volumes to make the RI unattractive to common holders because they have those taking it up already**

MCY Perhaps the bolded may be the case because the rate at which my orders at 44 were filling up before it drops even close to market closing time today was surprising. Doesn't the sellers want another 10% tomorrow?

At least JAPAULGOLD drags for over an hour before filling despite my order being exactly at +10%

Sunrisepebble:
There’s nothing in the company based on fundamanetals yet but I’ve bought a small position to see if market can carry me to where I don’t know

In other words, this decision is based on TIPSY analysis right.
Abeg no be only una know how to give name to every type of analysis jaree.
Make I laugh like my oga Agba

vacanci:
you left Canada to Borno state, Nigeria

I can always come back. Which investor will accept to pick up his rights if the price at the floor doesn't become higher than right issue price? If Baba Wale doesn't know what's up let him sleep on it naa.

ProphetUtuocha:
As was revealed, Oando is on fire!!! With ZERO offer, folks are seeking to buy but cannot find. May the doubters continue to ignore the three jewels that were unveiled this year!

'Prophet' now I just realized you only come here to sell your market just like Loco and Co nothing special. Every Oando order I have placed today at 44 has filled at the speed of light. JAPAULGOLD is now even far more scarce than OANDO.

Why is JAPAULGOLD playing hard to get at the maximum amount for today 2.76?
Abi it has moved from SAND to GOLD already? LOL!

I have been exiting my GTB @ #115-117 to enter OANDO today at 44 while the offer last. Who is with me on this?

https://nairametrics.com/2026/02/02/sterling-holdco-2025-full-year-unaudited-profit-jumps-98-to-n90-7-billion/

Why is sterling bloody today despite this news?

zendi:
Apply it to Fortis Global (Stdinsure) right now. When a new core investor enters, you hammer.

Use Gamble funds.

I want to buy some of which I know it has to be by CROSS-DEAL. Please do you have a seller? Or is anyone here interested to sell?

wiki15:
No be to just drop 2K and pick up 10,000 shares of Dunlop? What can I lose?

Where is it selling or you will buy by introduction as ZICHIS was listed by introduction? LOL

iHaveMadeiT2:
Dunlop and Chams are not the same. You lose by the time your money is tied down for years. Which is a possibility. But if you don't mind, a miracle may happen and your patience gets rewarded

I thought DUNLOP has closed shop in Nigeria for many years now why are they still listed? Is it Incase they change their mind and return?

[quote author=mikeapollo post=138235244]Similar to how Ikeja Hotels was selling below N1 (i.e. 0.70 -0.80k) at the time. It is now at N35
That is how NGX can easily make one a multimillionaire or billionaire.
[/qu
The question now is how can we discover the future IKEJA HOTEL and CHAMS of tomorrow today?

deathwing:
The registrars for the company you listed is CORONATION REGISTRARS. Who told you it was Cardinal Stone?

My bad, you are right I am mistaking Coronation Registrars for Cardinal Stone here. Thanks for the correction.

mikeapollo:
Contact the registrars of the companies in which you have shares. They will ask you few questiobs to confirm your name, identity and ownerdhip of the shares aftrr whuch they would tell you your shareholders number.

Thanks for your response, but if this is the case it means CORONATION REGISTARS is pushing their job back to me in the mandate form.
Coronation registrars are the registrars to MTN and also ARADEL, I didn't receive my MTN dividend and when I wrote them they sent me mandate form to fill and in the mandate form they listed all the companies they are registrars to and are expecting me to provide my shareholder's number for each of them that I hold.

Valthegreat:
My people Cardinal Stone is asking me for my SHARE HOLDER'S NUMBER for each of the companies I hold their shares which they act as registrars to, please where can I find my shareholder's number and my CHN number too?

CHN number now decrypted from my purchase contracts but SHAREHOLDER'S NUMBER not yet traced, please where can I trace this easily?
My MTN dividend not yet paid since last month and now they are requesting I fill E-mandate form which I have never filled before and have been receiving other dividends.

My people Cardinal Stone is asking for my SHARE HOLDER'S NUMBER for each of the companies I hold their shares which they act as registrars to, please where can I find my shareholder's number and my CHN number too?

Streetinvestor2:
This is what I got from Tantalizer mart in SS
I guess the guys in lagos are the only one enjoying this government.
I will visit market square when I enter owerri

Street another thing I noticed from your attachment is that this particular mall in question do not check properly if their vendors are supplying original products directly from companies. If I am not mistaking, both Royal Stallion and Cap Rice are brands of the Stallion Group owned by the Lebanese, that group was the most famous during the era of rice importation but since Buhari banned importation they haven't been much available in the market and as such disgruntled elements that operate in that industry massively produce their bags for re-bagging of other available rice brands so as to sell them at premium prices. As such I don't take any rice vendor I find Cap Rice and Stallion in their stores seriously.

Hi

Streetinvestor2:
This is what I got from Tantalizer mart in SS
I guess the guys in lagos are the only one enjoying this government.
I will visit market square when I enter owerri

Honestly, these malls in South East and South South or their vendors are very wicked. Both Big Bull and BUA were selling at 57,000 when I bought 18 bags last month for sharing. I bought 3bags for my family first and later rushed back the next day to buy these ones so as to avoid increments that may occur due to higher demand for Christmas.

ogawisdom:
If insecurity pushes people from road to air and Christmas demand is strong, then passenger volume and flight frequency will rise. That directly favours NAHCO because more flights mean more handling fees and more passengers mean more passenger service revenue. This is believing that price hike is due to demand.

But in this case price hike is already confirmed to be cost-induced and not demand-induced.

APC government is taxing air transport operators to stupor after allowing insecurity to fester on the roads. Just making it look like the insecurity is tax-induced

chimex38:
TETFUND dey try. I rate them highly.

But the rest of ministries,parastatals, agencies and supervisory organs.. Na one eye I take dey look them 👀

I think the right thing to say here is that TETfund projects are very visible everywhere but as for transparency they lack it too. You need to imagine the source of their funding and how huge it is to know why they have enough to embezzle and still have visible projects. Do you know what is 3% of the taxable profits of all companies in Nigeria deducted from source annually?
Now can you remember, I think during Buhari's administration when it was exposed that Adamawa's chapter of APC has been funded on monthly basis directly from TETfund account for years? That's why I assumed that it is a case of having quite enough to go round.

awesomeJ:
That man is the only societal figure I rate in this country.

One man committing N100bn to education every year, that's already more than what almost all state governments commit in therir entire budget. God will continue to spare his life.

Imagine buying fuel at N700.

If we only depended on the political reforms, dollar might have hit N2000 by now with PMS doing 1500.

Please who gets this funds directly, federal ministry of education, his foundation distributes among the 36 states and F.C.T ministries/department of Education or his foundation identifies projects to fund directly at education institutions nation wide. It is better the later is the case because if the former is, not more than 60% of the funds will touch education sector for real.

awesomeJ:
You're right, It was both
My first ever building, yet I chose one so big that the solid decked area is above 350 sq. metres.
I could have started with a bungalow or a 150 sq metre duplex.

This is my first christmas being debt free in 5 years

That means your Detty December needs to be really Detty with a lot of thanksgiving.
Honestly, I don't know how all these hard men enjoy their life with a lot of debt hanging on their neck. I do believe that they no longer have conscience, I don't know when I will be able to grow tough like them walahi.

Agbalowomeri:
Wetin be my work? I dey follow you my Oga at the top

This one you didn't put your usual trade marks which shows you are serious this time, are you going as a fellow invitee or just to hold your oga's briefcase (of course filled with dollars and pounds he will spray Dangote) for him?

awesomeJ:
Those investment books are probably written by authors in markets where fixed income yields are between 1-5%.

If that was the case here, then their advise would have worked.

Fixed income yields determin a whole lot in investment markets. It's also the reason why 20x earnings multiple is an acceptable valuation there. In Nigeria 7x is more like it cos of our yield levels.

Personally, I started my building project in December 2020, cos Emefiele kept fixed income yields below 2%,

It was so bad that if you bought T-bills with N5m, your earnings couldn't even cover the bank charges, we were seeing discounts of 0.xx%. So I couldn't do naira fixed income, then he brought another silly policy of inflow vs cash for dollars where dollars deposited as cash couldn't be transferred to buy dollar funds, I could get 6% from SIAML at the time but no way to transfer to them, since my dollars were sourced as cash and deposited. SIAML too also changed their minimum from $1000 to $20,000 for whatever reasons.

I hate having idle funds, I wasn't this experienced in trading, and[b] I underestimated the cost of building by at least half[/b].

@ the bolded, was it really underestimation or inflation in prices of cost of materials multiplied your estimates, except both contributed anyway.
When I completed my house in December 2019 I bought the last batch of cement @ #2,400 per bag (and I was angry that I was buying at a premium) fast forward to 2023 a bag became #10,000 meaning that it would have cost over extra 150% to complete same size of project just within a space of 3years. Inflation no be anybody's mate for this country just that we are resilient people coupled with the possibility of corruption here and there that almost everybody in the country are benefiting from. Besides, if the kind of inflation that happens in Nigeria happen in all these western countries where black is black and white is white most times honestly many people will commit suicide.

deathwing:
At any point in time, I can quickly withdraw my money and put into another higher yielding investment or stock or crypto while it’s still compounding at 13%. For me, I very much like flexibility with my money. Landed property will be for my own private use, or just to sell off later as a way to holding money (esp as the exchange rate is now stable), but never for have tenants or renters. No, thank you.

If I didn't raise this topic today perhaps I wouldn't have known that informed investors are this averse to real estate (rental income) investment. But all investment books are always talking about cash flow of which rent is among the most strongly recommended?

ojeysky:
100m would have bought 1 million units of each of those stocks kai! Looking for a currently cheap stock that has potential to deliver similar result in next 5 to 10 years. TIP, Chams, Tantalizer, Aradel are on my consideration list

You are tempting me to leave my remaining CHAMS for the next 5-10 years even though I am not convinced that they can do a CWG kind of magic in a short while. Only time will tell sha

crownprince2017:
I believed you will better off betting on Presco or okomu.

It's almost sure that presco will deliver 2m in dividend on that fund for 14 years and 1m for first year assuming you bought this month at 1400, no capital appreciation or re reinvestment of dividend. You will get 29m with your capital intact and this is what I believed is the worst case scenario provided presco did not run into natural disaster or serious insecurity issues.

My guy you too like oyel business.

But I think you are right sha.
Rent will likely not fall, but uncertainties like default may happen at any time.

emmanuelewumi:
Okay. Rent in high at Onipaanu, what you quoted is about the rent for a new or modern apartment

Now you are getting the gist if you know Onipanu well. It is a pure new and modern building. They are just at the last stage of installing fittings.

Streetinvestor2:
Does it mean that the company who is ready to collect 28 million for 15 yrs
Then return the property to the land owners equally in 15 yr.How much was used in construction of such property to warrant such rent.i see the property as lacking standard and should not earn such rent based on current cost of good building materials and finishing
Finishing here is interior and exterior. Walahi u go do maintainace taya.What I am saying is the cost for such 2 flat is cheap and cannot warrant such rent.And if na yeye standard u go do maintenance taya from 3yrs as per person way dey building and construction business

You need to understand the intricacies of lease development business to understand the answers to these questions. They usually need liquidity to develop the next property, so let's assume he spent #100m to develop this one deck of six flats (remember he didn't buy land) he is willing to sale some parts to raise block funds to develop his next property ( I learnt he cleared another plot 2days ago for redevelopment).
Should he rent the whole property out he should raise only approximately #16m but if he sale these two at #28m and rent the remaining 4 flats at #11m he will likely raise more funds to develop his next project instead of borrowing from bank at around 37%.

I believe that's the mathematics behind their decision to accept long term lease instead of collecting just annual rents.

In other words his long term profit is still intact via the remaining 4flats as well as the opportunity to develop more properties.