manie:
This is the performance of First Bank from 2000 to date.

100k will buy 20,000 units of FBN shares in 2000.


Year Bonus Units
2000 20,000
2001 1 for 4 25,000
2002 1 for 5 30,000
2003 1 for 6 35,000
2004 1 for 8 39,375
2005 1 for 4 49,218
2006 1 for 25 5[b]1,186 ( Special distribution)[/b]
2006 1 for 1 102,372
2007 1 for 6 119,433
2008 1 for 4 149,291
2009 1 for 6 174,171
2010 1 for 8 195,000 units


Valued at over N3.8 million Naira

Nice one bro...keep it up

manie:



Unfortunately I have sold all my Nestle shares, to buy more of FBN shares at between N18.50 and N20.00k. Nestle should be a good stock for anybody that can get it for less than N800. I sold mine when it got to N800 and above.

What's your thought on FBNH now at this price level and business performance. I think FBNH is not the right machine. Speaking in respect to their business performance currently.

Cyriacusifeco:



What's your thought on FBNH now at this price level and business performance. I think FBNH is not the right machine. Speaking in respect to their business performance currently.

It will be good for the company to do away with the current holding structure. The performance of the company the management of Onasanya is quite diappointing. Thank God Onasanya is forced to resign and a number of directors will go with him at the end of the year. The cost of mainting the top management of the bank is about the highest in the industry. The company is also highly exposed to the Oil and Gas sector. Considering all the problems facing the company, I am confident that FBNH has seen her worst days. I am sure that the new team that will pilot the affairs of the company come January 2016 will take the company to great heights. The company may be having problem, but I think the current price is good and could be better.

@ Manie, what a great work you've been doing here! Someone like me who is a rookie in Stock investing/trading has learnt a lot from your wealth of experience as detailed on this thread. Thank you.

@Manie, do you consider the ongoing merger of some Flourmills subsidiaries a good prospect for their stock price? The price of their shares has been trending southward for a while now. Same goes for CADBURY. In view of your advice that learners like us should consider underpriced (as opposed to low priced) stocks, do you consider Flourmills and Cadbury undervalued at their current prices? Thanks for your guide.

Ronkuns:
@ Manie, what a great work you've been doing here! Someone like me who is a rookie in Stock investing/trading has learnt a lot from your wealth of experience as detailed on this thread. Thank you.

Thanks for the kind words.

Ronkuns:
@Manie, do you consider the ongoing merger of some Flourmills subsidiaries a good prospect for their stock price? The price of their shares has been trending southward for a while now. Same goes for CADBURY. In view of your advice that learners like us should consider underpriced (as opposed to low priced) stocks, do you consider Flourmills and Cadbury undervalued at their current prices? Thanks for your guide.

I think you should exercise patience with Flour Mills because I am of the opinion that you can get it cheaper. The merger of the subsidiaries ought to be beneficial to the shareholders on the long run. I dont have information about Cadbury.

manie:
I think you should exercise patience with Flour Mills because I am of the opinion that you can get it cheaper. The merger of the subsidiaries ought to be beneficial to the shareholders on the long run. I dont have information about Cadbury.

Thanks boss, keep up the good work.

Ronkuns:
@Manie, do you consider the ongoing merger of some Flourmills subsidiaries a good prospect for their stock price? The price of their shares has been trending southward for a while now. Same goes for CADBURY. In view of your advice that learners like us should consider underpriced (as opposed to low priced) stocks, do you consider Flourmills and Cadbury undervalued at their current prices? Thanks for your guide.

From my own little understanding of flourmills, i think the business has got some outstanding products with good quality as the main competitive advantage. At least the woman frying 'kpof-kpof' on the street can easily tell the difference between golden penny flour and Dangote flour. It is just a customer's choice. Even thier golden penny spaghetti and a whole range of other ventures as well. But looking at their balance sheet, you will be a bit disappointed as i think, they are heavily laden with fixed assets or machineries, making their cost to be of a fixed kind without much variables. one can notice this whenever there is a slight fall in revenue. Profits are usually shaved so severely that there is no proportional reduction in profits as there are in revenue and it is simply the nature of the business they are into. Also, because of its asset intensive nature, you will find out that most or all of their free cashflow goes for capital expenditures, leaving little or nothing for business growth or dividend pay out to shareholders. You will understand this better when you compare its business with that of CAp PLC !!!. I mean, they can't just help it even with superior management team. Even at times, their free cashflow is usually not enough to take care of these capital expenditures! Hence, i wasn't surprised to see them pile layers upon layers of debt on the balance sheet. The same thing happens to Transcorp at the moment. And i don't know why market should be giving such high valuations to capital intensive businesses like these. I don't know how far this will continue, but my simple advice is for you to look for simpler businesses for now. And you must not forget to be price disciplined as even a wonderful business that is bought at a bloated price must surely bring about poor results. Take Nestle as an example. Do your due dilligence. If you are also very observant to the past bussiness performances of the stocks previously outlined by manie, you will notice that you don't need so many good ideas to retire. You need just few good ideas to achieve your financial dreams. Just try to identify wonderful businesses at fair prices. I dont know about cadbury for now.

manie:
It will be good for the company to do away with the current holding structure. The performance of the company the management of Onasanya is quite diappointing. Thank God Onasanya is forced to resign and a number of directors will go with him at the end of the year. The cost of mainting the top management of the bank is about the highest in the industry. The company is also highly exposed to the Oil and Gas sector. Considering all the problems facing the company, I am confident that FBNH has seen her worst days. I am sure that the new team that will pilot the affairs of the company come January 2016 will take the company to great heights. The company may be having problem, but I think the current price is good and could be better.

I agree with you... FBNH does not need much growth at the moment to deliver value to its shareholders, only efficiency. It is already doing huge on gross earnings!! Management is the major problem. But do you think institutional imperative will not continue to work considering that FBN has been on this path for as far back as 2003 to date ?. Thier efficiency has been on this level for long even when these current managements were not yet in place. I think there is an old long tradition of this wastage of shareholders' value i.e when compared to the efficiency of GTBank.

please manie peterwins i need a simple explanation on how i can invest in stock and how the dividends are paid

manie:
This is the performance of First Bank from 2000 to date.

100k will buy 20,000 units of FBN shares in 2000.


Year Bonus Units
2000 20,000
2001 1 for 4 25,000
2002 1 for 5 30,000
2003 1 for 6 35,000
2004 1 for 8 39,375
2005 1 for 4 49,218
2006 1 for 25 5[b]1,186 ( Special distribution)[/b]
2006 1 for 1 102,372
2007 1 for 6 119,433
2008 1 for 4 149,291
2009 1 for 6 174,171
2010 1 for 8 195,000 units


Valued at over N3.8 million Naira

Being a long term investors does not mean you invest and go to sleep, you need to keep on monitoring the fundamentals of of your company. I was an investor of Oando for about 20 years before selling all my holdings in 2013.

.................................................. ................................................


This is the dividend payment history of First bank from 2000 to date.


Year end Units Dividend Total dividend paid less WHT
Mar 2000 20000 N1.25 N22,500
Mar 2001 25000 N1.30 N29,250
Mar 2002 30000 N1.30 N35,100
Mar 2003 35000 N1.50 N47250
Mar 2004 39375 N1.55 N54,928
Mar 2005 49218 N1.60 N70,874
Mar 2006 51186 N1.00 N46,067
Mar 2007 102372 N1.00 N92,135
Mar 2008 149291 N1.20 N161,234
Mar 2009 174171 N1.35 N211,617
Dec 2009 174171 N0.10 N15,675
Dec 2010 195000 N0.60 N105,300
Dec 2011 195000 N0.80 N140,400
Dec 2012 195000 N1.00 N175,500
Dec 2013 195000 N1.10 N193,050
Dec 2014 195000 N0.10 N17,550




Total dividend earned between 2000 and 2003 is over 134k, which is already more than the 100k invested in 2000.


Total dividend earned from 2000 to date is N1,418,430, the investor could have used the dividends earned to increase his holdings, buy others shares, invest in treasury bills or real estate.

manie:

This is the historical performance of the All Share Index from 1984 to date


Year ASI % gain or loss 1984 105 5 1985 127 21 1986 163 28 1987 190 16 1988 233 23 1989 325 39 1990 513 58 1991 783 53 1992 1107 41 1993 1543 39 1994 2205 43 1995 5092 131 1996 6992 37 1997 6440 ( 1998 5672 (12) 1999 5266 (7) 2000 8111 54 2001 10963 35 2002 12137 11 2003 20129 66 2004 23844 18 2005 24085 1 2006 33189 38 2007 57990 74 2008 31450 (46) 2009 20827 (33) 2010 24770 19 2011 20730 (16) 2012 28079 35

Nice thread.

manie:

This is the historical performance of the All Share Index from 1984 to date


Year ASI % gain or loss 1984 105 5 1985 127 21 1986 163 28 1987 190 16 1988 233 23 1989 325 39 1990 513 58 1991 783 53 1992 1107 41 1993 1543 39 1994 2205 43 1995 5092 131 1996 6992 37 1997 6440 ( 1998 5672 (12) 1999 5266 (7) 2000 8111 54 2001 10963 35 2002 12137 11 2003 20129 66 2004 23844 18 2005 24085 1 2006 33189 38 2007 57990 74 2008 31450 (46) 2009 20827 (33) 2010 24770 19 2011 20730 (16) 2012 28079 35

Nice thread.

spinoff:


Nice thread.

Thanks for digging out this thread, are you into stock market investment.

manie:



Thanks for digging out this thread, are you into stock market investment.

Yes Manie. Finally put the dough where my mouth is (NSE) this March. Hell of a thread you spun here- ageless and inexhaustible insights. Thanks.

lovely thread!
i cant but say very insightful.

many thanks manie.

harteelolar:
lovely thread!
i cant but say very insightful.

many thanks manie.

Hi Harteelolar,

Sorry if i am asking but you Knew a guy named ibecima in this Site. He was in betting-systems you know andere i am looking for him. Hè is te rea deal u think andere u wanna contact him. Doei you maybe know How i can...?

Regards

Hi Manie. This is very insightful. I must commend your dedication and effort for everything you wrote up here. It has always been my desire to understand the rudiments of investing into stock. Please I need some more insight from you.

manie:




Being a long term investors does not mean you invest and go to sleep, you need to keep on monitoring the fundamentals of of your company. I was an investor of Oando for about 20 years before selling all my holdings in 2013.

.................................................. ................................................


This is the dividend payment history of First bank from 2000 to date.


Year end Units Dividend Total dividend paid less WHT
Mar 2000 20000 N1.25 N22,500
Mar 2001 25000 N1.30 N29,250
Mar 2002 30000 N1.30 N35,100
Mar 2003 35000 N1.50 N47250
Mar 2004 39375 N1.55 N54,928
Mar 2005 49218 N1.60 N70,874
Mar 2006 51186 N1.00 N46,067
Mar 2007 102372 N1.00 N92,135
Mar 2008 149291 N1.20 N161,234
Mar 2009 174171 N1.35 N211,617
Dec 2009 174171 N0.10 N15,675
Dec 2010 195000 N0.60 N105,300
Dec 2011 195000 N0.80 N140,400
Dec 2012 195000 N1.00 N175,500
Dec 2013 195000 N1.10 N193,050
Dec 2014 195000 N0.10 N17,550




Total dividend earned between 2000 and 2003 is over 134k, which is already more than the 100k invested in 2000.


Total dividend earned from 2000 to date is N1,418,430, the investor could have used the dividends earned to increase his holdings, buy others shares, invest in treasury bills or real estate.

The market is currently on fire.[url][/url]

emmanuelewumi:
The market is currently on fire.[url][/url]

Hello sir, I have been reading most of your post on this forum and other blog like jarushub, sir you seem very knowledgeable and a long time trader in NSE, I am just a recent graduate and I will love to toil that path of yours as well. Have been reading some of the books you recommended on jarushub. Have even look for the book by your mentor, " my life of stock" but couldn't find it.
Sir, what advice and recommendation will you give someone like me that plan going long term in investing in stocks. Thank you.

manie:



Walk into the office of any stock broker and make the necessary inquiries. Some stock brokers accept as low as 10k in Lagos, but if you have up to 50k you can open account with some of the reputable stock broking firms.


Investing early and investing regularly is the best way to build a great net-worth at retirement. Your stocks can also be used as a collateral.

A bank will readily accept 1,000,000 units of FBN shares valued at less than N20 Million as a collateral over a block of 4 flats at Ketu Lagos valued at N35 Million. This is because FBN shares is more liquid and readily acceptable than the block of 4 flats at Ketu.

That was when FBN was still FBN

manie:


Thanks and God bless you.


In the investment world few are called and fewer are chosen. You don't have to invest in the the stock market, there are other investments that suit your temperament, risk tolerance and intellect.

Wale will not stop scamming gullible investors. Please don't invest in any company that is managed by lawyers like Wale

This type of important thread must not die please.

Can someone help me to do an estimation of 1750 worth of GTB shares bonuses bought in 2008 - 2017.

yemmit90:
This type of important thread must not die please.

Can someone help me to do an estimation of 1750 worth of GTB shares bonuses bought in 2008 - 2017.

I will do that for you .

emmanuelewumi:

I will do that for you .

I will appreciate it sir.
Thanks and God bless!

manie:


This is the historical performance of the All Share Index from 1984 to date



Year ASI % gain or loss
1984 105 5
1985 127 21
1986 163 28
1987 190 16
1988 233 23
1989 325 39
1990 513 58
1991 783 53
1992 1107 41
1993 1543 39
1994 2205 43
1995 5092 131
1996 6992 37
1997 6440 (
1998 5672 (12)
1999 5266 (7)
2000 8111 54
2001 10963 35
2002 12137 11
2003 20129 66
2004 23844 18
2005 24085 1
2006 33189 38
2007 57990 74
2008 31450 (46)
2009 20827 (33)
2010 24770 19
2011 20730 (16)
2012 28079 35

This is quite interesting.

manie:
CAP sold for N2.00 in 2001, I bought some units of the stock around Easter in 2001.


Let us see the performance of CAP from 2001 to date, as per capital appreciation.

N100,000 will buy 50,000 units.

Year Bonus units
2001 50,000
2002 1 for 3 66665
2004 1 for 4 83331
2010 1 for 3 111105
2011 1 for 1 222210

50,000 units in 2001 have grown to 222210 units in 2013. CAP now sells at N37.00 per share.

The investment of 100k in 2001 is now worth N8.2 million in 2013.

NB: i did not buy 50,000 units in 2001, I used my leave bonus and savings to buy 10,000 units 2001.

This is about the most consistent and best managed subsidiary of UACN

Following

Good thread.

I took my time to read through, thank you

emmanuelewumi:



This is quite interesting.

How can one invest in share index