AK481:
Is seun is not biased, he should balance the story in the front page now that Peter image is being soiled ,before they begin to spread lies and misinterprete soludo message .

Lalasticala

Please FP.

AK481:
Mynd44
Seun

Can this be a rejoiner

Golan007:
The entire state owns less than 5% of the brewery in Anambra state.

AK481:
Is seun is not biased, he should balance the story in the front page now that Peter image is being soiled ,before they begin to spread lies and misinterprete soludo message .

Lalasticala

Please FP.

post=113998717:

Ignorant mind what do you know about shareholder tell me the share your state own in a big conglomerate like International brewery, do you think 4.7 na beans Otedola control 7.57 stake in First bank and he is flexing muscle

Golan007:


5% of bullshit is bullshit.

post=113998717:

Ignorant mind what do you know about shareholder tell me the share your state own in a big conglomerate like International brewery, do you think 4.7 na beans Otedola control 7.57 stake in First bank and he is flexing muscle

Golan007:
Lagos state invested 4 billion naira in Econet and reaped over 19 billion.

Great2017:

In the 19 billion ended in the bullion van of one man.

Golan007:


At the end all of Anambra's money is in Panama.

Golan007:
The entire state owns less than 5% of the brewery in Anambra state.

Vaughanlanrewaj:
If this is the investment PO is showing off as achievement then Anambra state must have had its investment depreciated so much significantly that you need to query the process leading to that 'investment'.

Within same period that he approved this 'investment' and today, International Breweries share price had tanked from over N60 per share to around N5.65 today ( a whopping 1000% decrease in value! ) yet International Breweries has not paid dividends or issued bonus shares!
As a matter of fact, last year, IB just rolled over its $250 milliion loan from its major investor which it must pay even with the liability of forex risk according to loan terms.

Curiously, about same time, some states like Lagos, Osun invested or/raised their number of shares in Airtel, MTN, WAPCO and Julius Berger. Today, those states have reaped massively in dividends, bonus and capital appreciation while Anambra has its own investment in a company with links to HE Peter Obi's family has tanked so horribly that it is now penny stocks. The decision to 'invest' Anambra money into IB requires investigation by EFCC.

It is so so sad and unfortunate that PO was a mediocre governor for 8 years and seems like he wants to get away with it. He should never be voted for. He was to an extent a related party to IB. It was immoral and illegal that he as the Gov of Anambra signed the public funds into IB. The manner he threw Anambra money into IB because of his family business link to IB and despite the avalanche of better investments, is preposterous!

Those individuals and state governments who bought the shares of NGX listed companies like Airtel Africa alone had seen their share price jump from around N200 to N1600 and earned dividends in US dollars.

Do not vote for Peter Obi on this account and the fact that he can not even win.

Vulturereloaded:


All the companies you posted including dangote are in bearish, which is normal.

Its happens with all stocks in the world.

Golan007:
Lagos state invested 4 billion naira in Econet and reaped over 19 billion.

Tenses:


You are a bloody liar.

Whatever happened to Econet?

The gullible would say Econet is Airtel.

The owner of Econet is Strive masiyiwa from Zimbabwe and it was Tinubu and ibori that used corruption to frustrate Econet from Nigeria.

Doubters should read the book by Strive Masiyiwa titled " how to build a multi billion dollars business in Africa ".

Tenses:


You are a bloody liar.

Whatever happened to Econet?

The gullible would say Econet is Airtel.

The owner of Econet is Strive masiyiwa from Zimbabwe and it was Tinubu and ibori that used corruption to frustrate Econet from Nigeria.

Doubters should read the book by Strive Masiyiwa titled " how to build a multi billion dollars business in Africa ".

post=113999100:

You state governor only embezzled, Obi met Anambra State with huge debts, with months of salaries, pensioners and gratuities to pay he cleared those debts, never borrowed, worked many projects without borrowing, still save and invested billions for the state

Vaughanlanrewaj:

I am not sure you really understood my post and if you really do, citing Dangote, WAPCO, MTN and JB as being bearish today indicate that you are not familiar with the capital market.

No state government of anybody who had invested in those companies would have made anything less than 100% ROI between 2017 and today even at their current prices. Even MTN that recently had a public offer this year at N170 per share is now over N200, despite paying dividends!

IB share price did not appreciate back to its 2017 price, IB never paid diviidends or issued bonus share so it is a bad investment by Anambra state under PO. He abused the trust of Anambra people.

As a matter of fact, IB just made a marginal profit in this Q2, 2022 and it is still owing $250 million to the ABinv. Peter Obi knew all this and ignored the apparent red flags and take the IB redflags as incentive to invest Anambra state funds in a company with better ROI prospect and not related to his family..Even the Nnewi based Cutix Plc that gave a 1 for 1 bonus last year would have been a better investment than the IB people are picking cheaply on NGx today.

My point is that he abused the trust in him by putting Anambra's funds there at a time you could probably get JB, WAPCO, Dangote cement for less! In fact, if he had bought Dangote flour then at less than N2, he would have cashed out for Anambra state big time when Olams paid over N20 for that same Dangotw Flour shares!

While it is possible that someday IB shares will rise and starts paying dividends and get capital appreciation, this is not going to be soon and would have been at a time intelligent states like Osun and Lagos had made several thousands of ROI from the companies they invested in .

For now it is clear that he approved Anambra funds to be invested in IB for selfish reasons and now it is Anambra paying for it. If Anambra wants to sell its IB shares today, it will be at a huge loss running into hundreds of millions of naira!

Vaughanlanrewaj:
If this is the investment PO is showing off as achievement then Anambra state must have had its investment depreciated so much significantly that you need to query the process leading to that 'investment'.

Within same period that he approved this 'investment' and today, International Breweries share price had tanked from over N60 per share to around N5.65 today ( a whopping 1000% decrease in value! ) yet International Breweries has not paid dividends or issued bonus shares!
As a matter of fact, last year, IB just rolled over its $250 milliion loan from its major investor which it must pay even with the liability of forex risk according to loan terms.

Curiously, about same time, some states like Lagos, Osun invested or/raised their number of shares in Airtel, MTN, WAPCO and Julius Berger. Today, those states have reaped massively in dividends, bonus and capital appreciation while Anambra has its own investment in a company with links to HE Peter Obi's family has tanked so horribly that it is now penny stocks. The decision to 'invest' Anambra money into IB requires investigation by EFCC.

It is so so sad and unfortunate that PO was a mediocre governor for 8 years and seems like he wants to get away with it. He should never be voted for. He was to an extent a related party to IB. It was immoral and illegal that he as the Gov of Anambra signed the public funds into IB. The manner he threw Anambra money into IB because of his family business link to IB and despite the avalanche of better investments, is preposterous!

Those individuals and state governments who bought the shares of NGX listed companies like Airtel Africa alone had seen their share price jump from around N200 to N1600 and earned dividends in US dollars.

Do not vote for Peter Obi on this account and the fact that he can not even win.