Not that I’m complaining but I’ve always wondered why they payout such a high portion of their earnings. Do they not have anything better or new opportunities to invest it in that will regenerate more earnings ?

emmanuelewumi:



We have growth stocks, we have quality stocks.

When a stock combines growth and quality features, the collaboration is going to be massive. That was what I told someone who wanted to sell Nahco at N10 after making over 100% profit.

With a Return on Invested Capital of 53%, gross margin of 61%, net margin of 24%, operating cash flow margin of 21% and Gross profit/Total asset of 70%, these are qualities of a quality stock.

Imagine what will happen if net margin improves from 24% to 35%

Don't under estimate how high a growth cum quality stock can fly

Most growth stocks are not quality stocks. And it is not all growth that creates value and wealth to shareholders. Oando shareholders can testify to this

ositadima1:


This is not entirely correct. Most of them are traders. Do you understand that they are also part of the problem? They took advantage of our poor and collapsing manufacturing capacity by importing goods from outside the country, mostly substandard products from China. They contributed to the dollar crisis we are facing now.

So yes, they made money, but at the expense of the entire country. They mastered the art of clearing and importing goods for resale—nothing spectacular if you ask me.

Only a few ventured into manufacturing and the sophisticated repair of machine parts.

well to a point you could be right but don't forget they need to first raise money before they could build industries. Alhaji with his family wealth given to him as at then 500,000 k went into importation.
The like of Tony max,ibeto,innoson,cocharis,actor eze,obi Cuban,zenco,Peter obi etc started with importation. And they have the likes of this English speaking nigeria on thr salary list today My late father was a member of old peoples club and I know what those men of yesterday achieved starting as traders. They whr not importing fake products then.The nigeria nation became to corrupt which gave birth to what we have today as fake/substandard products. It is not sole fault of the business men because the regulators became too corrupt. Why did the various government see to the death of various industries in nigeria like we have in our health sector and education sector now

https://open.substack.com/pub/lifeasananalyst/p/sometimes-abc-isnt-so-easy?r=1oizx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

My take on ABC Transport FY 2024 results

ololufemi:


Please my brother, don't show a lack of history about Africa (I don't mean it in an abusive way).

Do you know that the Greeks who taught the Romans how to organise their society got their knowledge from Africa in places like Alexandria in Egypt and others where you have the Pyramids and great cities along the Nile that were advanced in agricultural practices?

Timbuktu and Mali which were homes to Mansa Musa (acclaimed by even the westerners to be one of the richest man that ever lived on earth); you also have cities like Benin in Nigeria that had a defensive wall longer than the great wall of China and the inhabitants were already using street lamps to illuminate the streets of their cities before the Europeans.

Our African societies were way ahead of many of those Western Societies we know today. Our people just lost it at some point and things went downhill for African societies.

The dark skinned people popularly called the Moors in those days were from Africa and they occupied and ruled places in Britain, Spain, Portugal, etc. They were vast in knowledge and esoteric things and taught the westerners most of what they know today.

Unfortunately Africans have been blind sighted to believe that they are inferior and their terrible behavioural patterns has not made things better for their societies.andnits people as well.

There was even an African from the Northern part around Libya who became Emperor of the Roman Empire and was domiciled in Britain at some point to protect the british people from the barbarians ravaging through Europe at that time.

History of Africa has never been the topic dude. We are talking IQ of races in comparison.
Your argument is now back and forth bro. Someone said Africans have low IQ when compared to other races, I disagreed, you disagreed with my disagreement, now you agree? Or you are saying Africans used to have high IQ now they have low IQ Or you are saying IQ is education related and if so, which form of education 🤷🤷🤷🤷🤷🤷🤷

GeeKudi:
I think the issue about "anyhowness" in Nigeria (or the African society in general) is the lack of deterrence for wrong doing. The oyinbos (the suppossedly high IQ people) will be worse if you remove penalties for wrong doing from their societies.
My friend's bike was stolen in broad day light at a blind spot around his residence in Paris within a minute of leaving the bike.
The low IQ black man goes abroad and he is able function superbly among the whites.

@ololufemi
I had said before just like @GeeKudi that lawlessness is not a sign of low IQ.. even criminals all over the world sometimes have very high IQ

RodgersAkpafu:

you are correct
in addition to that

Many of these traders are noise makers

I know this because I used to be an RM for one of the tier one banks in Nigeria when I started banking, and I used to process transactions on their behalf

BTW this was in a big market branch

Only very few of them were doing turnovers above 300m ANNUALLY

Most of them were between the ranges of 23m - 56m at best

But in Nigeria when you buy two tokunbo cars and wear senator plus red cap
You are now an odogwu and billionaire

Lol.I guise for someone like you when you speak good English and wear well ironed cloth you are smart.Dont tell me as you saw those few millions earned by them and you whr paid few thousands. You did ask God why me.I can bet you could not afford a bike then.
What is the yard stick for measuring in your own region let me check something. I give it to my igbo brothers any day.Pls tell us the year this few millions ment nothing to you and let check exchange rate then as many can not still boast of such money even now.I guess that is why u follow japa...lwkd.

Sunrisepebble:
Not that I’m complaining but I’ve always wondered why they payout such a high portion of their earnings. Do they not have anything better or new opportunities to invest it in that will regenerate more earnings ?

Even at that did you observe the level of growth of their shareholders fund between 2020 and 2024.

Some companies retain more than 50% of their earnings with no substantial growth in earning and dividends.


At a compounded annualized earning growth rate of over 100% from 2020 to 2024, and also dividend growth from less than 50k to N5.94k, what type of growth are we asking for

Streetinvestor2:
well to a point you could be right but don't forget they need to first raise money before they could build industries. Alhaji with his family wealth gives to him as at then 500,000 k went into importation.
The like of Tony max,ibeto,innoson,cocharis,actor eze,obi Cuban,zenco,Peter obi etc started with importation. And they have the likes of this English speaking nigeria on thr salary list.My late father was a member of old peoples club and I know what those men of yesterday achieved starting as traders. They whr not importing fake products then.The nigeria nation became to corrupt which gave birth to what we have today as fake/substandard products. It is not sole fault of the business men because the regulators became too corrupt. Why did the various government see to the death of various industries in nigeria like we have in our health sector and education sector now

I'm not saying they shouldn't pursue success. My point is that they contributed to Nigeria's problems—and they still do. I remember my parents talking about the thriving textile industry in the '80s and earlier. Then it began to fade away, just as traders started importing textiles, especially in the '90s. That was when someone could become a thousandaire or even a millionaire overnight by successfully importing just one or two containers. Those were the booming days in Onitsha, with people building five-story buildings everywhere.

But all of this came at the expense of the economy. Reckless importing drains foreign exchange, to be clear.

So, when you criticize the government—past and present—keep in mind that your Dad was also unknowingly part of the problem. I understand the hustling spirit, but the reality is what it is.

Looking at it from a macroeconomic perspective, it was bad for the country.

chimex38:


This is where you have problem with people in the group..
You can create counter argument without being derogatory..

The last paragraph is unnecessary, even though as Nigerians we're proud of it as a legitimate way to start life.

Rather than replying your discuss with counter constructive criticism na #wordsonmarble go follow suit

I have the medicine for his likes plenty....me way be street credible

emmanuelewumi:
Hi

They usually have multiple bank accounts, N300 million turnover of 2020 should be equivalent to about N1 billion turnover of 2025

Ask him how many people in his village have that kind of money..lol

Just like that

She set up a classic Emotional 'GoFundMe'...

emmanuelewumi:
Just like that

Streetinvestor2:
Lol.I guise for someone like you when you speak good English and wear well ironed cloth you are smart.Dont tell me as you saw those few millions earned by them and you whr paid few thousands. You did ask God why me.I can bet you could not afford a bike then.
What is the yard stick for measuring in your own region let me check something. I give it to my igbo brothers any day.Pls tell us the year this few millions ment nothing to you and let check exchange rate then as many can not still boast of such money even now.I guess that is why u follow japa...lwkd.

I was paid "few thousands"

you must think every banker is a teller lol

ositadima1:


I'm not saying they shouldn't pursue success. My point is that they contributed to Nigeria's problems—and they still do. I remember my parents talking about the thriving textile industry in the '80s and earlier. Then it began to fade away, just as traders started importing textiles, especially in the '90s. That was when someone could become a thousandaire or even a millionaire overnight by successfully importing just one or two containers. Those were the booming days in Onitsha, with people building five-story buildings everywhere.

But all of this came at the expense of the economy. Reckless importing drains foreign exchange, to be clear.

So, when you criticize the government—past and present—keep in mind that your Dad was also unknowingly part of the problem. I understand the hustling spirit, but the reality is what it is.

Looking at it from a macroeconomic perspective, it was bad for the country.

What I am saying is as you point a finger at them the remaining 4 finger points to failed successive government of the country.The corruption was destroying the economy gradually and they devised a means to survive..In my very own eye my dad drove pick up,504 and 505 all brand new.What to eat was never seen as concern. Then I watched a video a lecturer lamenting how to survive is so difficult. That a Prof goes home with less than 400 dollars a month
Then I watched another video whr a senator goes with 29 million and they still say it is not enough.

RodgersAkpafu:


I was paid "few thousands"

you must think every banker is a teller lol

Haba bros.Whr you paid millions monthly in the bank.Why don't you say the yr this was happening for all to judge.How much are bankers even paid presently monthly...branch manager. Abi you whr ED then in the bank..lol
I can bet if you be ED for bank you for no japa leave naija.How much was the salary of my account officer then in ecobank whose one of my business account was among the account that saw his rise to BM yrs back. Bros take it easy

💯

I no longer have the luxury of time to read all texts here except selected few I follow here

zendi:
Stop looking at tithing with carnal eyes. Once you drop your tithe in the collection box, stop expecting it to be redistributed back to you like Oando shares. It should no longer concern you whether the money is looted by the pastor or church workers. Turn your eyes completely away unless you belong to the committee appointed to handle the money.
Your reward for the tithe will locate you where and when it matters most to you through channels known or unknown.

There was food crisis in the land and God directed hungry Elijah to a poor widow in Zarephath for feeding. The woman complained that she had only one last meal in the house for her and her child before they starved. But Elijah ordered her to go and prepare something for him first, out of that little.

Now, I'm referring to your accusation that Nigerian tithe collectors collect from poor members without redistributing. At this point Elijah had no visible sack of beans to give back to the woman. And I'm sure if you were there, you would have called Elijah a heartless Agbalowomeri. But when the widow obeyed, she was made the richest person in Zarephath.

It is a problem of faith. Reward for your tithe comes through God's chosen channels and not necessarily through the people you handed the tithe to.

megawealth01:
💯

I no longer have the luxury of time to read all texts here except selected few I follow here

Odogwu

emmanuelewumi:
Hi

They usually have multiple bank accounts, N300 million turnover of 2020 should be equivalent to about N1 billion turnover of 2025

That's true sir
But in extending credit to them, we check their total across banks
Esp their company accounts

A typical company then used to have three
And we compare and aggregate

That was the basis for my assertion.
There are a few big big cats 🐈 with billions in turnover

But most of them are just meh....
Not to the point where they "claim billionaire" and "employ PhDs"

I'm not against SMEs, I love em
But what I said was said to dispel what street was trying to imply

Streetinvestor2:
Haba bros.Whr you paid millions monthly in the bank.Why don't you say the yr this was happening for all to judge.How much are bankers even paid presently monthly...branch manager. Abi you whr ED then in the bank..lol
I can bet if you be ED for bank you for no japa leave naija.How much was the salary of my account officer then in ecobank whose one of my business account was among the account that saw his rise to BM yrs back. Bros take it easy

This is where you are also wrong as well
As we speak, the bank I worked for pays its new hires (not tellers o) over 600 grand

I'm not gonna go into specifics about my earnings

However, just so you know again, a lot of top shots left the country
I know of an entire unit that was decimated in 2022 because the RM up to the Head were all planning Jaapa and left the same time

I even know the head of Central clearing of a sister bank that jaapa in 2023, I know him in person cos he has bailed me out of sheet years and years ago

They have all left
I left as well

So that assertion that (relative) topshots were not "jaapaing" is not true

Only maybe EDs and four steps below that are the ones that I can say didn't jaapa as much

But you see SBO, AM DM, even PM
Them jaapa danu

Look around you, almost everyone is in survival mode. Nobody wanna solve any problem from top to bottom.

The LOVE and PEACE the major religions promised us are nowhere to be found.


When the head is good, the sick part of the body can be cured. A madman doesn't know that he's suffering from Malaria and Typhoid.

It requires sanity to be able to know what the issue is and how to tackle it.

We have the laws in place, but no willpower to execute them.

Until we have a sane head (leader), there will be no consequences for crime and corruption.


He Who Comes To Equity Must Come With Clean Hands.


There was a country.

First Hold Co and Access Corp playing ludo with guys.


We wait... Capital appreciation is poor, oya declare dividend, war!


The dump won't be funny if they don't behave well now that the inflation rate is at ATH.

SonofElElyonRet:

@ololufemi
I had said before just like @GeeKudi that lawlessness is not a sign of low IQ.. even criminals all over the world sometimes have very high IQ

My brother, people who continue to wallow in lawlessness cannot tell me they have an average IQ. Many don't realise how low their IQ is until they are caught and punished depending on the degree.

If younask those who have been caught electronically and fined by the cameras on traffic signals for driving through red lights or with expired vehicle or road worthy license on Mobolaji Bank Anthony Way or the Oworonshoki to Tollgate Highway, they tell how stupid they felt especially when they kept kicking the can down the road for renewals.

They suddenly realise that they could have avoided such if they behaved in a smarter and acceptable way to prevent the embarrassment and fines that come with those misdemeanor.


Look at the way "Money na Water" handled his EFCC charge on mutilation of NGN notes. He humbled himself to behave properly and avoid such incidents whereas it was different for another "Risky" guy. 😂

ololufemi:


My brother, people who continue to wallow in lawlessness cannot tell me they have an average IQ. Many don't realise how low their IQ is until they are caught and punished depending on the degree.

If younask those who have been caught electronically and fined by the cameras on traffic signals for driving through red lights or with expired vehicle or road worthy license on Mobolaji Bank Anthony Way or the Oworonshoki to Tollgate Highway, they tell how stupid they felt especially when they kept kicking the can down the road for renewals.

They suddenly realise that they could have avoided such if they behaved in a smarter and acceptable way to prevent the embarrassment and fines that come with those misdemeanor.


Look at the way "Money na Water" handled his EFCC charge on mutilation of NGN notes. He humbled himself to behave properly and avoid such incidents whereas it was different for another "Risky" guy. 😂

We disagree on what constitutes intelligence... I'm not sure even those conducting the IQ test would agree with your own definition of intelligence

sterlingD:
OMATEK 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/43627_OMATEK_VENTURES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2025.pdf

But it looks like its just a 4 pager document that does not contain the numbers, they should release the main stuff jare

Youngzedd:
First Hold Co and Access Corp playing ludo with guys.


We wait... Capital appreciation is poor, oya declare dividend, war!


The dump won't be funny if they don't behave well now that the inflation rate is at ATH.

Baba you still dey look for these guys

RodgersAkpafu:


This is where you are also wrong as well
As we speak, the bank I worked for pays its new hires (not tellers o) over 600 grand

I'm not gonna go into specifics about my earnings

However, just so you know again, a lot of top shots left the country
I know of an entire unit that was decimated in 2022 because the RM up to the Head were all planning Jaapa and left the same time

I even know the head of Central clearing of a sister bank that jaapa in 2023, I know him in person cos he has bailed me out of sheet years and years ago

They have all left
I left as well

So that assertion that (relative) topshots were not "jaapaing" is not true

Only maybe EDs and four steps below that are the ones that I can say didn't jaapa as much

But you see SBO, AM DM, even PM
Them jaapa danu

A number of AGMs to EDs proceeded on the japa move as well o! The finances wasn't adding up for many of them again especially relating to payment of undergraduate school fees and cost of living for their wards in the abroad.

Those who didn't japa had to bring their wards back to the country to try out at private universities. For some of them, they had become too expensive for the financial institutions to manage and cost had to be cut.

The sector is still yet to recover from the whole thing starting from the Covid-19 experience.

Agbalowomeri:


Baba you still dey look for these guys

Dey be BUGA , sorry FUGAZ members

It's like Nwigwe took AccessCorp's future with him

[quote author=RodgersAkpafu post=134802648]

This is where you are also wrong as well
As we speak, the bank I worked for pays its new hires (not tellers o) over 600 grand /quote]





Make una follow talk this statement if it is true. Did you say 2022..
Many japa because they had no choice. The banks whr doing right sizing. I saw a whole department shot down in ecobank.
How much is PhD holder paid in nigeria that you think they cannot be hired by the likes of cocharis,innoson,Tony max and many more.
I new when alhaji was training drivers in partnership with nigeria institute of transport technology. PhD follow for the matter oh...lol.I saw plenty Prof in oau managing to survive and driving datsun car.You know the distance from gate to the school far.I dey give them ride

sterlingD:
OMATEK 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/43627_OMATEK_VENTURES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2025.pdf

At megawealth, is like omatek is seeking for capital injection, any insider information about what is about to happen?

[quote author=Streetinvestor2 post=134803275][/quote]

To balance it, some Profs in naija are also billionaires o through research grants and consultancies