emmanuelewumi:



It will depend on your age and one is fully employed and not a businessman or trader. I believe in the ability of an asset and investment to generate cash flow, I also believe in being liquid

Cash reserves which will be in the bank, money market fund, Tresury bill etc 20%

Stock 40%

Real estate 20%

Side hustle/business / JIJO 10%

Bonds. 10%

This is also good but I dont just fancy real estate and I cant say why. Real estate doesnt excite me at all, I see it as too pasive and slow in return.

tommyken:

This is also good but I dont just fancy real estate and I cant say why. Real estate doesnt excite me at all, I see it as too pasive and slow in return.

You can adapt it to suit your needs and peculiarities. You can also be a portfolio real estate investor through Skye Shelter Funds or UPDC REIT

emmanuelewumi:



You can adapt it to suit your needs and peculiarities. You can also be a portfolio real estate investor through Skye Shelter Funds or UPDC REIT

Please what are the typical returns from the mentioned REIT and similar RE funds? Thanks.

Oil doing so good.

Care4:


Please what are the typical returns from the mentioned REIT and similar RE funds? Thanks.

Skye Shelter currently selling for N62.00 paid a dividend of N7.00 last year.


UPDC currently selling for N3.50k paid a dividend of 58k last year from EPS of 99k. And also bought Kingsway building from UPDC for N3 billion in 2019 wihout getting into debt.

UPDC REIT paid a dividend of N900 million to UPDC in 2019.

Also paid property management fees of N150 million to UPDC.


Not a stock for JIJO, but for cash flow Investors

emmanuelewumi:



Skye Shelter currently selling for N62.00 paid a dividend of N7.00 last year.


UPDC currently selling for N3.50k paid a dividend of 58k last year from EPS of 99k. And also bought Kingsway building from UPDC for N3 billion in 2019 wihout getting into debt.

UPDC REIT paid a dividend of N900 billion to UPDC in 2019.

Also paid property management fees of N150 million to UPDC.


Not a stock for JIJO, but for cash flow Investors

UPDC REIT doesn't look like it is liquid, zero trades today.

emmanuelewumi:



Skye Shelter currently selling for N62.00 paid a dividend of N7.00 last year.


UPDC currently selling for N3.50k paid a dividend of 58k last year from EPS of 99k. And also bought Kingsway building from UPDC for N3 billion in 2019 wihout getting into debt.

UPDC REIT paid a dividend of N900 billion to UPDC in 2019.

Also paid property management fees of N150 million to UPDC.


Not a stock for JIJO, but for cash flow Investors

900 million u meant ?

ukay2:


Price of dangcem may go south wards after dividend markdown or continue to go up

Nobody knows what will happen next...

Bros, that stock is a Northerner ooo

Thanks!

seyisanya:
Just enter ''Morgan Capital'' in the search box above your comment(the beginning of this page), you will find answer(s) to your question and more...

seyisanya:

Other fees are applicable when you buy shares. Aside from the commission that your stockbroker charges, the following fees also apply:

-CSCS trade alert
-SEC fee
-Stamp duty
-VAT on commission

If you factor all these in, then the purchase price will be just right.

See a typical buy contract note...

gabscity:


Bros, that stock is a Northerner ooo

Make e go North ooo, up North

Thanks!

nio68:

send a mail to customercare@morgancapitalgroup.com

MACROECONOMIC UPDATE as copied;


Key Takeaways from the Citizens Dialogue Session on Government Fiscal Policy Decisions in Response to the Fall in Oil Prices and the COVID-19 Pandemic
The Ministry of Finance, Budget and National Planning and the Department for Internal Development (DFID) held a citizen’s dialogue session (earlier today) on Nigeria’s response to the fall in oil prices and the COVID-19 pandemic. The panel was led by the Minister for Finance, Budget and National Planning, Mrs. Zainab Ahamed, who was ably supported by Prince Clem Agba (Minister of State, Budget and National Planning), Mr. Ben Akabueze (DG Budget Office of the Federation), and Lade Jaiyeola (CEO, Nigeria Economic Summit Group).

A. Below are some takeaways from the representatives of government
1. Government expects GDP to contract by 3.5% YoY in 2020
2. Oil earnings is now projected to decline by 90.0% in 2020
3. Estimated net oil & gas revenue available for Federation Account Allocation Committee (FAAC) distribution is now forecasted 80.0% lower at N1.1 trillion (vs. N5.5 trillion previously), despite a N649 billion reduction in allowable fiscal deductions by NNPC for federally funded projects/expenditures. Specifically, projected PMS under-recovery has been reduced from N457 billion to zero
Oil production now projected at 1.7mbpd (vs. 2.18mbpd previously)
Oil prices expected to average $20 per barrel (vs. budget benchmark of $57 per barrel)
Average production cost of Nigerian crude has been revised downward to $28 per barrel from $33 per barrel (with implications for Petroleum Profit Tax
A severe outbreak of COVID-19 in Nigeria could magnify the impact of low oil price and weaker domestic crude production
4. Customs revenue is now projected at N1.2 trillion in 2020 (vs. N1.5 trillion previously)
5. Amount accruable to VAT pool account now forecasted at N2.0 trillion in 2020 (vs. N2.1 trillion previously)
6. Amount accruable to federation account now projected at N3.9 trillion (vs. N8.6 trillion previously)
7. Projected federal government receipt from federation account for 2020 is now put at N2.4 trillion (compared to N4.8 trillion previously)
8. States and local governments are now likely to obtain N2.1 trillion and N1.5 trillion, apiece, from FAAC (compared to N3.3 trillion and N2.5 trillion, respectively, in previous estimates)
9. Projected N5.6 trillion budget deficit to be financed through privatization proceeds (N126 billion), drawdowns from FGN Special Accounts (c.N260 billion), bilateral/multilateral drawdowns (N387 billion), and new borrowings (N4.6 trillion)
10. Debt service pressure to be eased by significant moratoriums on new loans (IMF’s RFI of $3.4 billion comes with 3 years moratorium) and expected deferrals of current debt service obligations until macro conditions improve
11. As part of measures to alleviate the impact of COVID-19, the government has set up an Economic Sustainability Committee to, among others, assess systemic vulnerabilities and develop programs that would make the expected recession short-lived and ensure sustainable long-term growth
12. Measures are underway to strengthen agricultural value-chain with strategic focus on land acquisition, road networks, and funding. Government also plans to offtake agro-products when market conditions are unfavourable
13. Government is looking at funding supports for the aviation sector
14. The president is likely to decide on land border closures after the current health crisis. Negotiations with neighboring countries have been smooth
15. Although similar challenges were faced in 2016, Nigeria currently has significantly lower fiscal buffers. In view of the challenges, government has approved the integrated policy framework recommended by the CMC and adjustments to the 2020 budget
16. The budget office is finalizing a revised 2020-2022 Medium Term Expenditure Framework and Strategy Paper (MTEF/FSP) as well as an amendment to the 2020 Appropriation act

B. According to Nigerian Economic Summit Group (NESG)
Nigeria needs N10.1 trillion worth of interventions but current intervention capacity stands at N4.5 trillion
The implied funding gap of N5.6 trillion is likely to be covered by
Medium to long term domestic borrowing
External borrowings (possibly from World Bank, IMF, IFC, AFDB)
Quantitative easing
Total announced stimulation (FG, CBN, e’tal) currently stands at N4.5 trillion or 3.1% of GDP (vs. 10.0% of GDP in South Africa)

rmx:

I
900 million u meant ?

Thank you. I will correct it

ositadima1:


UPDC REIT doesn't look like it is liquid, zero trades today.

UPDC Real Estate Investment Trust released its Q1 2020 Unaudited results for the period ended March 31st, 2020.



Key Highlights

Net Income grew by 4.16% to N609m from N585 in the previous quarter.

Profit before tax declined by 10.9% to N423m.

Profit after tax declined by 10.9% to N423m.

Net Assets also declined by -7.6% to N30.5bn from N33bn.

https://www.proshareng.com/news/CORPORATE%20RESULTS/UPDCREIT-declares-N423m-PAT-in-Q1-2020-Unaudited-Results--SP-N3.15k-/50833

We cannot say more. Earlier we referred to the"promoters" of UACN and asked what they saw in this thing that they are promoting with vigor but rather than respond, it has been more and more promotion.
Today if it's not bad result from one arm to the other, it is one major institutional investor and major shareholder selling off at loss.
We just watch and see how the story ends

PETERiCHY:


UPDC Real Estate Investment Trust released its Q1 2020 Unaudited results for the period ended March 31st, 2020.



Key Highlights

Net Income grew by 4.16% to N609m from N585 in the previous quarter.

Profit before tax declined by 10.9% to N423m.

Profit after tax declined by 10.9% to N423m.

Net Assets also declined by -7.6% to N30.5bn from N33bn.

https://www.proshareng.com/news/CORPORATE%20RESULTS/UPDCREIT-declares-N423m-PAT-in-Q1-2020-Unaudited-Results--SP-N3.15k-/50833

Ok Sir, I meant ease of acquiring its shares, I actually find it to be valuable.

DeRuggedProf:


See a typical buy contract note...

805 million Naira

UP Mansard , Down Notore

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/29903_AXA_MANSARD_INSURANCE_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29902_NOTORE_CHEMICAL_INDUSTRIES_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf

ositadima1:


805 million Naira

Amen..

@4shizzle did you eventually buy your Fbnh, and at cheaper price? Cos e go still touch 5 before proceeding on the journey. Barring any unforeseen circumstances.
Quite some positive news surrounding it.

FBNH, DANGCEMENT making me proud

Justcul:
FBNH, DANGCEMENT making me proud

Even if my employer no pay me, DanCem has paid already!

Thanks for the look out sis. Got some at 4.10 the other day you got yours at 4.05.

Mcy56:
@4shizzle did you eventually buy your Fbnh, and at cheaper price?
Quite some positive news surrounding it.

Zenith: Arrived KM 15.....
Fbnh: Moving.....
FCMB/fidelity moving .......
Dangcem, Nestle, MTN....doesn't seems to be tired yet.....

On point as usual!

Bomboclad:
Yes oh, GTB and FBNH having been slow would be obvious targets for growth in the next 3 days.

4shizzle:
Thanks for the look out sis. Got some at 4.10 the other day you got yours at 4.05.

Great!

GTB: Arrived KM 22.....
Zenith: See vexing....

Please is it normal for it to take days before my shares reflect on the CSCS portal. I usually notice a day's delay but it's been at least 3 working days and the shares I bought on the 30th, May haven't reflected on their portal but it shows on my brokerage account.

Mcy56:
GTB: Arrived KM 22.....
Zenith: See vexing....

gabscity:


Even if my employer no pay me, DanCem has paid already!

Honestly, it would have been foolishness on my side if I didn't buy dangcem. A stock that sold at over N200 this year, ... paid N16 dividend and, before my eyes sold for N130 and even less for many days.

Haba !!