₦airaland Forum

Toluway:
I wonder the type of education our leaders acquired. Africans would be boasting of first class and professorial caps when what they did to aquire their academic laurels was only copy and paste, memorise and download, without ability to use their brains to profer solutions to problems. That is the bane of african development.

Nigerian leaders can't think about providing infrastructure and general industrial climate, encourage investments and provide credit facilities, provide security and other incentives to attract foreign investors with the overall aim of boosting economic activities for national economic development that would result in a strong naira.

It therefore appears that the only thing that our economists learned from 'Nigerian school of economics' is to periodically devalue the naira in other to accommodate it's dollar master and perpetually subject the nation to the labyrinth of western economic subjugation and slavery.
Finally, our cbn governor is always eager to take instructions from Europe to devalue our naira. No brains. Very unfortunate.

It is not rocket science. All we need to do is for Nigerians to be innovative and set up companies with products and services that others will want. Right now the only thing we produce (which is not due to any innovation) that the world need is oil!

So if you want a strong Naira, have a company that produces goods and services that others are willing to pay for. That will require first and foremost innovation!

Mcy56:
Boss abeg ooo. My government ke!!
Sir, na to transport myself commot for here be that oo. Lol.
Big Boss, I just gentle since I sight you for here nah.
Hope these ones you brought with you are bargains.
Appreciate your kindness sir.

I remain loyal to all my Oga at the top at NSEMPA ooo

Let me continue to learn at the masters feet

Mcy56:
Chai!!!
Happy New Month boss.
E Ku Visitation. E Ku Market Sir.

Good day madam.

I am LOYAL to your government oo

Audacius:
Hmmm. I was able to hand over Afromedia to my successor today. I wish them happy schooling. I have been schooling since 2011 when I opened my account and was excited to click and click. I bought "gude" not knowing. Even if e wan turn N10 now, I no do again. Happy Grad to me.

Congrats on your graduation.

Serious adverts for admission ongoing. So I expect school fees to increase though there will be plenty admission places.

Eku market ooooo

Invoice for 'school fees' will be sent out soon. Those affected should get ready to pay.

debeey87:
Didn't people read that document very well. Only members with names on the register as of 23rd November, 2020 qualify. Wonder the rush to buy after the date sha

Many are just doing kalo kalo.

Tuition fees will be collected then eye go clear.

Eku market ooo

bigjay01:
9 for 10

mind you, i used to hold at average of 56k, Sold them earlier in the year.

But prices will be adjusted for the Bonus! Not sure why people buy on the news of a bonus.

bigjay01:
I picked up some at 2.33-2.35 on the 17th

Why?

YourhealthNG2:
The greatest mistake I made this year was to listen to prophets of doom and exit the market during the last Endsars protest. I learnt the hard way.

Lesson: take most of what you read here with a pinch of salt. Things are never as good or bad as they paint it.

You are RESPONSIBLE for your actions.

This is an anonymous/faceless forum with people with various agenda

Mcy56:
Chaiiii
You know what I'll advice you?
Try and subscribe for stock related services from one of our ogas here.
You'll pay annual subscription and benefit more.
I knew few moniker rendering this kind of services here............
BullBearMrk
Yok
Onegentleguy
Sir Wanaj0 Currentprice Oga RabbiDoracle (not sure)

**Nsempas pls add additional names if you know them**

I render no subscription service ooo

currentprice:
you dont even attend expensive school. this one na small school fee na

go and ask those who attend costain school @ 50 , afrofoil school @ 20, wema @ 15 etc

some to oando school @ 100 when oga PETER was the administrator years back forecasting 1000 fee for oanado

RIP SMN

But there is FREE education now. Sometimes someone else may pay the tuition on your behalf

swilo:
Oga, newbie doesn't know how to do due diligence o. If a newbie has not been trapped, he has not begun his schooling.

The trap is the first discipline most times.

Pickin wey never suffer talk say him get sense, who be him teacher?

Eku market oooo

Eku market ooo

RabbiDoracle:
I understand schools better o. I am a father who pays millions in school fee for my son per annum. And I have also had chat with former teachers who tell you how much school pays. Gamalie dey pay any teacher up to 200K?

Teachers wage bills are meagre compared to the income that Gamalie makes. And these school owners, if forward-thinking, should have huge reserves.

Schools are reopening worldwide and there is no need for layoffs, furloughing. The crisis has passed.

Government always owe salaries even before the pandemic. So the people are used to it.

Teachers pay constitute the greatest draw on a School's resource.

Crisis has not passed in Nigeria oo. We are just starting. Not close to the peak at all.

Consulted for a leading school in PH. Teachers were told to pick between half salary in April and May or full salary in April and no salary in May. They picked full salary in April. Now that may is here they are wondering whether they will get paid in May. My question is where will the money come from?

Employees need to consider the business when making demands. It is like a pilot resigning from Virgin. Which airline will employ him now? This is a problem affecting the sector as a whole!

RabbiDoracle:
Try and pay May o.

Better pay 30 to 50% from your reserve. They need to survive. Or you give an interest free loan for them to survive which will be deducted as they work the subsequent months.

Better to be upfront with people. What you have wrote is ideal provided he himself has the liquidity. Dont forget, he will require school fees to pay salaries. With school not in session no school fees.

He should have a meeting with the workers, let them know the challenges (transparency) and together work out a solution.

E ku market ooo.

The most important thing in this era is CARE. So let us CARE for one another. I believe everyone is doing fine. Stay at home except you got no option. Maintain social distance and BOOST your immune system. Most will get infected (just a matter of time). Most will be asymptomatic and will get well without any drug or medication. Conquer the fear.

Next is CASH preservation. The market is irrational. You see a share with almost 20% dividend yield, <3 PE and you are looking at stocks with PE of infinity? I dont think you have CASH preservation in your dictionary.

There will be many job losses. Some will have to take pay cut to remain in jobs. This is a global phenomenon. But do you know what? Some companies are going to BENEFIT from this crisis. Some will supply the vaccines. Some will supply the surgical masks and gloves. Research that instead of monitoring prices every minute and giving yourself high BP.

The patient dog eats the fattest bone.

HAPPY INVESTING.

pluto09:
Good to hear from you again sir.
I will appreciate your thought on how the corona pandemic will affect Nigeria economy and Nigerians.

You input last time when you described the upward movement in share price on NSE as a bull in China shop was apt and helpful

It was obvious that the bull had no basis.

Our economy is in dire shape. Devaluation is imminent. (CBN will delay till next year). Recession beckon. I pity the economic team. Salaries will be owed. There will be job losses. For us it is more of the price war than the corona pandemic. Saudi Arabia and Russia are trying to push Shale Oil companies out of business. This will affect the economy of USA with the banks feeling the heat. So expect a fight back.

That said, people will over react. Stocks will become ridiculously cheap. So great opportunity is here for fundamentally sound stock especially those that are toast of foreign investors. People will make a KILL

Eku market oooo

OakPearl:
Very apt.
That word patience is beyond a mere word, it is a virtue. Unfortunately, it has not been accorded the right attention by our present day society.
It is a principal component on which the earth is founded. No wonder Warren Buffet remarked that you cannot get a baby in one day by making 9 women pregnant.
I wish the investing public understands that after all analysis (both FA & TA) are done, patience is what we actually trade, not shares.

We have different threshold. Unfortunately when people join a forum like this, they dont understand that our risk profile differs. So when you follow someone with different risk profile, when the risk materializes then response will be different. When people use SHORT TERM funds for LONG TERM INVESTMENT because someone told them of a 50% return in 2 weeks what do you think will happen?

Then you have people averaging down and the more they buy the lower the market goes! How patient can they be after they've spent rent and school fees money to buy shares expecting to make 50% in 6 months only to be at 25% loss!

Then you have those that don't fully understand the strategic reason behind some moves. You have people buying illiquid stock to get on the board. No plan to sell. Now you joined because it was gaining 10% everyday with the hope of selling! You suddenly discover that what you have is paper profit because no one is BUYING

People need to develop a plan and follow the plan. Yes you can update your plan BUT don't do follow follow because of our risk profile, objective etc are DIFFERENT.

Know yourself and UNTO thyself be TRUE

The problem with people like Obabolujo was that they promoted the stock market as a 'risk free' investment.

The inefficiencies and lax regulation make people to buy 'dead' companies and still make 'money'

Life has a self adjustment mechanism. The bubble must always crash.

NSE was made to look like a scam. Those that understood the nature of stock market investing left very early. The so called 'experts' got trapped and have their fingers burnt. Some knew that it was a scam (just like NOSPETCo, MMF etc) but they planned to beat the system so they joined and get trapped in.

Obabolujo an co got involved in insider trading and the public offer and right offer scam with active support by the brokers and banks! Most of them are conflicted. I still remember Proshare coming to SMN to argue about OandO spewing rubbish. I don't think he believed the rubbish but likely on payroll of OandO to launder their image.

I think Obabolujo himself was ignorant about so many things. He did not intentionally start out to mislead people!

People need to get back to understand what stock market investing beyond the kalo kalo and quick money making venture that people are after! Building wealth is a PROCESS. Most people that 'jam' wealth overnight almost always lose the wealth!

Follow the PROCESS.

No one should blame Obabolujo when it was obvious that they got overtaken by their GREED

sellydion:
Humm, answer is in the chart. Anything could happen. One should just stick with what price is saying.

The FPI could takeover, market could fall yakata, who knows tomorrow

What will bring the FPI back? That's the main signal to look for.

emmanuelewumi:
They don't have unlimited fund, but it will go a long way. They are currently hunting for better yield, dividend paying stocks with a minimum dividend yield of 10% will be on their radar.


N500 billion PFA fund in the market can cause a month long bull run, even N200 billion can cause a month long bull run .

At a minimum Investment of N5 billion per trading day

Do the PFA's have N500b NEW cash to invest that will cause this month long bull run? After the month long bull run what will happen? 11 month bear run?

Eku market

emmanuelewumi:
N500 billion is about 5% of the fund under management with the PFAs

The question is how much is already invested in the market and how much NEW funds do they have that is available for investment.

Mcy56:
Happy new year sir.

Happy New Year ma.

pluto09:
Welcome back sir.
This one that you are speaking in parables

Your thought on the market

The fundamentals of the economy has not changed. Bull is mainly driven by FPI which for now are not finding Nigeria attractive. Local investors (PFA) are behind the current movements but they don't have unlimited funds.

So, time to be fully invested BUT the bulls may not come as quickly as some are expecting.

maishai:
Bull season that did not call Sir wanajo out.................... It could be a bubble sha

Where is the BULL oooo

BULL in the China shop

ukay2:
Please forum members,

Hope Papa Wanajo is fine....it's being long he commented here.

Has anybody hear from him recently?

We are brothers and sisters in the Lord

My brother, thanks for this. I am doing fine sir.

Happy New Year (and Happy New Decade) to you all.

Eku Market. Welcome to Bears and Bull

pluto09:
Welcome sir.
I need your input on ETI, what do you think about the bank vis-à-vis the latest result?

Not a BAD result as they are trying to clean up the books of their Nigerian operation.

I however think there are BETTER meat in this NSE bush

Eku Market ooo

tobao:
There's something obviously not right. The amount of negativity you've exuded on this build, at first I thought you were the owner, then I figured you were just a busy body with a bad to tarnish the reputation of skimanski.
Sorry I couldn't hold it in anymore.

By the way, the build from start to finish has been so fine. Skimanski, your attention details is Top of the line. Way to go sir.

Mine is to WARN. Yours is to be careful or IGNORE. It is a matter of choice.

Timtol:
Sir, do u know the major reason why he stopped posting here tho he still check into Nairaland atimes?
I think you shouldn't group all builders in the respect of architects, engrs alongside with consultants and contractors here.
Skimanski is fine doing good, spoke of recent on WhatsApp messages, so pls confirm first before categorising all others as one here.
A project been stopped isn't anyone's fault, the client might have a change of mind or drained of fund.
Thank you.

My brother, I know what I am talking about. Deal with him with CARE. On this particular build and his Lakeview build, he soiled his name and reputation.

It is water under the bridge now BUT be warned.

Agbalowomeri:
Facts behind the figures
You don take over from Oga Wanaj

Eku market

Abeg, wetin I do oo