emmanuelewumi:



We don't share enthusiasm here, but intelligent analysis.

Those who are convinced will go for it and no point worrying yourself that people are not investing in it, we are all differently and wonderfully made by our maker.

You don't understand the context of 'enthusiasm' in my message. Do you talk about stocks here with sadness or joy?

emmanuelewumi:



I don't give stock recommendations but I can share the top 10 stocks in my portfolio


1. Zenith Bank
2. United Capital
3. Dangote Cement
4. Dangote Sugar
5. UPDC REIT
6. Access Bank
7. Okomu Oil
8. Airtel Africa
9. MTN
10. Red Star Express.


Basically for their consistency with dividend payments dividend growth, profitablity, earning growth and right valuation.

Red Star Express has always been a well run company and has been consistent in dividend payment.

Cyberknight:


All governments print (create) money.
All governments have been printing money more than usual this covid period.
That's where The U.S is getting its 2 trillion stimulus money from and where the UK found its 450 billion pounds for its Covid spending.
It's probably easier to do than to start taking people's money again by way of attractive TB interest rates, even though no matter how abysmal the TB rates, very few people have the energy to invest into the so-called real economy.
The trick with QE is to manage the money supply so the creation of new money doesn't crash the currency Venezuela style, which, considering the incompetent people in charge of Nigeria, is always a clear and present danger.

On point

Lazyyouth4u:


I am here because some ogas I enjoy reading from and discussing with are here. I’m not here for T bills sir

You are just a bad omen, you sleep and wake on a thread you don't contribute towards nor share interest in. You are just like a he-goattt that appears with a bad smells then scatter a reputable gatherings. You should be ashamed of yourself lowly.

Why not create a thread for your back and forth squabbles you termed investments analysis then invite your ogas to be your guest. It's better that this thread remains silent and people learn from the past good comments than litters it with your daily gibberish from your gutttter mouth.

Lazyyouth4u:


My oga, it wasn’t location of production facilities or border closure that were responsible for the losses that led to his sack.

It was drop in their revenues as a result of reduced lines of credit to distributors and write off of bad debts to these distributors that led to losses. He lost his job in 2020 based on 2019 results. Very little to do with border closure that happened towards Xmas of 2019.

By the way, fmcg companies (not just Unilever) were moving their production facilities to Ghana because of Ghana’s stable electricity and incentives the Ghanaian government was offering them. Electricity is a huge part of an FMCG’s cost structure and you were better off producing in Ghana and transporting finished goods to other West African countries.

The company complained about the effects of the border closure on their business at one of their AGMs

NL1960:


Red Star Express has always been a well run company and has been consistent in dividend payment.

The majority shareholder and former chairman Alhaji Koguna is one of the old school corporate managers that I respect.

He was the chairman of CAP plc when the stock moved from N5 to over N60, issued series of bonus shares and the company experienced exponential growth in earnings

Brainbox0806:


You are just a bad omen, you sleep and wake on a thread you don't contribute towards nor share interest in. You are just like a he-goattt that appears with a bad smells then scatter a reputable gatherings. You should be ashamed of yourself lowly.

Why not create a thread for your petty back and forth talks you termed investments analysis then invite your ogas to be your guest. It's better that this thread remains silent and people learn from the past good comments than litters it with your daily gibberish from your gutttter mouth.

Why not apply this kain comedic skills to your Uber driver work in order to get tips from riders na? Instead of boning up and down like say na rider be the cause of your frustrations and then complaining after say dem no dey tip you

just2endowed:


Stanbic was 8%

How did you get the rates?

emmanuelewumi:



Moving 80% of your production to a location that is about 700 km and passing through 3 borders is a wrong move. Especially after spending hundreds of millions of dollars for the project.

Nigeria has a population of about 200 million people, Nigerian government and people deserve 90% or more of the jobs created, taxes, duties and levies paid.

European multi national companies have a lot to learn from their Asian counterparts.

The funniest part is that with the challenges faced by Uniliver the CEO's and management salaries were increased, staff cost equally went up. Not a good place to invest ones hard earned fund

Another element to factor into the equation was that most probably some of these MNCs are forecasting that Nigeria may undergo some life-changing event soon and they want to start preparing for that.

Cyberknight:


Another element to factor into the equation was that most probably some of these MNCs are forecasting that Nigeria may undergo some life-changing event soon and they want to start preparing for that.

When making strategic decisions, we should not just focus on the upside we should consider the likely downside and make plans to manage such events

Chidoo1234:

How did you get the rates?

I mailed my account officer... Rate is now 9%

emmanuelewumi:



When making strategic decisions, we should not just focus on the upside we should consider the likely downside and make plans to manage such events

And that's what the people at Unilever did - they considered the decision from all angles.
No-one probably threw into the forecasting mix the probability that the incompetent Nigerian government would unilaterally close its borders, a move that will definitely be playing out in most if not all investors' decisions concerning west Africa.

Cyberknight:


And that's what the people at Unilever did - they considered the decision from all angles.
No-one probably threw into the forecasting mix the probability that the incompetent Nigerian government would unilaterally close its borders, a move that will definitely be playing out in most if not all investors' decisions concerning west Africa.

But Okomu Oil, Presco, Dangote sugar, Flour Mills and many other companies made bumper profit due to the border closure.

The listed companies can't even satisfy local demands for their products

emmanuelewumi:



But Okomu Oil, Presco, Dangote sugar, Flour Mills and many other companies made bumper profit due to the border closure.

The listed companies can't even satisfy local demands for their products

I don't see your line of argument here.
We were discussing the advisability of Unilever's production relocation decision at the time, without the benefit of hindsight.

Cyberknight:


I don't see your line of argument here.
We were discussing the advisability of Unilever's production relocation decision at the time, without the benefit of hindsight.

You complained about the border closure as being clueless, and I listed businesses that made bumper profit due to the so called clueless decision and hundreds of thousands shareholders who got bigger dividends due to that decision .

Unilever did not position themselves to be a partaker of this

emmanuelewumi:



You complained about the border closure as being clueless, and I listed businesses that made bumper profit due to the so called clueless decision and hundreds of thousands shareholders who got bigger dividends due to that decision .

Unilever did not position themselves to be a partaker of this

Lol.
Arms dealers and most manufacturing companies made a shitload of money out of World War 2.
That surely does not make Hitler's decision to go to war and ultimately devastate much of Europe and Asia and shake the world for generations a good one.

And you've still not put forward anything conclusive to show that Unilever's decision was a bad one, apart from hindsight.

Cyberknight:


Lol.
Arms dealers and most manufacturing companies made a shitload of money out of World War 2.
That surely does not make Hitler's decision to go to war and ultimately devastate much of Europe and Asia and shake the world for generations a good one.

And you've still not put forward anything conclusive to show that Unilever's decision was a bad one, apart from hindsight.

The border closure is one of the best decision of this government. Though I hate this government with passion.All the companies that a listed on nse that closed shop and moved to Ghana are not doing well mostly when the targeted market is Nigeria eg Dunlop

emmanuelewumi:


[b]The majority shareholder and former chairman Alhaji Koguna [/b]is one of the old school corporate managers that I respect.

He was the chairman of CAP plc when the stock moved from N5 to over N60, issued series of bonus shares and the company experienced exponential growth in earnings

Is he the Koguna in 'Koguna Babura Insurance Brokers'?.

NL1960:


Is he the Koguna in 'Koguna Babura Insurance Brokers'?.

Yes, used to be the chairman of Citi Bank

Cyberknight:


Lol.
Arms dealers and most manufacturing companies made a shitload of money out of World War 2.
That surely does not make Hitler's decision to go to war and ultimately devastate much of Europe and Asia and shake the world for generations a good one.

And you've still not put forward anything conclusive to show that Unilever's decision was a bad one, apart from hindsight.

It was a good one, that cost the CEO his job, cost the company hundreds of millions of dollars which they have not been able to recoup, the decision equally didn't show positive effects on the bottom line.

All these shows that the decision was brilliant, cost effective and profit enhancing

Biafran4life:
The border closure is one of the best decision of this government. Though I hate this government with passion.All the companies that a listed on nse that closed shop and moved to Ghana are not doing well mostly when the targeted market is Nigeria eg Dunlop

We will continue to complain about the exchange rate of our currency, joblessness of the citizen, but we support importation of goods that can be manufactured in Nigeria, especially those that think Nigeria is their headache and will prefer to site their manufacturing plants in Ghana and other countries, but the expected revenue and profit they will make in Nigeria does not give them headaches.


Chivita is a multi billion Naira business that employs thousands of workers, without the ban on the importation of fruit drinks by Obasanjo, we won't be talking about the success story of Chivita

Biafran4life:
The border closure is one of the best decision of this government. Though I hate this government with passion.All the companies that a listed on nse that closed shop and moved to Ghana are not doing well mostly when the targeted market is Nigeria eg Dunlop

I think the border closure was a stupid decision. It may have slowed some legal importation, but simply boosted illegal importation and killed legal exports, and fostered another Dangote sweetener.

We are all aware of Nigeria's problems, the smuggling in of foreign rice and all that, and the excessive importation of things we should be able to manufacture at home and the effect on the naira, etc.

But you can't force the changes you want by cutting off legal trade with your neighbours in unilateral violation of an international agreement - that doesn't paint you in the best light, the best way to achieve your goal is to seek to provide favourable conditions at home for businesses to thrive.

And you also need to realise that Nigeria also needs its neighbours too - it is not yet self-sufficient. We might be able to be self-sufficient in food yes, but in other areas, not yet. Follow the news - recent trends show that Ghana is slowly but surely taking over what should be our position as the centre of everything in west Africa, from being its airline hub down to MNCs moving there. The more we continue to show ourselves as an unreliable country which doesn't live up to its agreements and suchlike, the less likely we are to attract more foreign investment, the more likely we are to lose what investment we already have, and for those who think that companies pulling out of the Nigerian manufacturing scene is no big deal - take a look at the official unemployment figures (which are bad enough, but should generally be multiplied by a factor of at least 1.5 and above to give a true picture).

A fairly competent government would be scrambling to find out exactly why a major concern like Unilever (and Nestle too) took such drastic action and instead of further exacerbating the situation ("Oya, if una like, make una go now) would be moving heaven and earth to do what it can to change or prevent such a situation, not further alarming business with nonsense like border closures.

emmanuelewumi:



We will continue to complain about the exchange rate of our currency, joblessness of the citizen, but we support importation of goods that can be manufactured in Nigeria, especially those that think Nigeria is their headache and will prefer to site their manufacturing plants in Ghana and other countries, but the expected revenue and profit they will make in Nigeria does not give them headaches.


Chivita is a multi billion Naira business that employs thousands of workers, without the ban on the importation of fruit drinks by Obasanjo, we won't be talking about the success story of Chivita

The rice industry has created a lot of employment.I have friends in the north who lost thr jobs in the banking industry due acquisition.The are making it big in de-stoning and bagging of naija brand.Infact the one in KD told me he does 5 trucks a day and the customers are buying.

n

Biafran4life:
The rice industry has created a lot of employment.I have friends in the north who lost thr jobs in the banking industry due acquisition.The are making it big in de-stoning and bagging of naija brand.Infact the one in KD told me he does 5 trucks a day and the customers are buying.

A country that imports everything will continue to have problems of unemployment and issues with their currency.


Imagine the hundreds of millions of dollars spent in Ghana to establish plants in Ghana, but the funds used for the project were generated in Nigeria. The fund created jobs for Ghanaians, the few Nigerian workers in the company will be reporting to Ghanaian managers, but Nigeria is the target market infact Nigeria is where they are making the money.

Cyberknight:


I think the border closure was a stupid decision. It may have slowed some legal importation, but simply boosted illegal importation and killed legal exports, and fostered another Dangote sweetener.

We are all aware of Nigeria's problems, the smuggling in of foreign rice and all that, and the excessive importation of things we should be able to manufacture at home and the effect on the naira, etc.

But you can't force the changes you want by cutting off legal trade with your neighbours in unilateral violation of an international agreement - that doesn't paint you in the best light, the best way to achieve your goal is to seek to provide favourable conditions at home for businesses to thrive.

And you also need to realise that Nigeria also needs its neighbours too - it is not yet self-sufficient. We might be able to be self-sufficient in food yes, but in other areas, not yet. Follow the news - recent trends show that Ghana is slowly but surely taking over what should be our position as the centre of everything in west Africa, from being its airline hub down to MNCs moving there. The more we continue to show ourselves as an unreliable country which doesn't live up to its agreements and suchlike, the less likely we are to attract more foreign investment, the more likely we are to lose what investment we already have, and for those who think that companies pulling out of the Nigerian manufacturing scene is no big deal - take a look at the official unemployment figures (which are bad enough, but should generally be multiplied by a factor of at least 1.5 and above to give a true picture).

A fairly competent government would be scrambling to find out exactly why a major concern like Unilever (and Nestle too) took such drastic action and instead of further exacerbating the situation ("Oya, if una like, make una go now) would be moving heaven and earth to do what it can to change or prevent such a situation, not further alarming business with nonsense like border closures.

Oga I no get strength to speak English or argue.Mention those legal imported items from this neighboring countries that we can not produce locally.This countries are using Nigeria to boost thr own revenue and as dumping ground for used items.And what legal export that has not even satisfied the naija market are you talking about.
Every country at a point in time can take decision to protect its economy even with all the trade agreement.Why did you so call big Ghana close retail shops owned by foreigners to protect thr local retailers..Is that not against trade agreements.When Nigeria makes it own decisions it will be noise everywhere because some have vowed to make money through importation of rubbish.Do I remind you it was the land boarder that was closed.Why can't you do your business via air or water if your business is genuine.

Biafran4life:
Oga I no get strength to speak English or argue.Mention those legal imported items from this neighboring countries that we can not produce locally.This countries are using Nigeria to boost thr own revenue and as dumping ground for used items.And what legal export that has not even satisfied the naija market are you talking about.
Every country at a point in time can take decision to protect its economy even with all the trade agreement.Why did you so call big Ghana close retail shops owned by foreigners to protect thr local retailers..Is that not against trade agreements.When Nigeria makes it own decisions it will be noise everywhere because some have vowed to make money through importation of rubbish.Do I remind you it was the land boarder that was closed.Why can't you do your business via air or water if your business is genuine.

Good.
As you can't argue, let's move along then.

On point. Policies that promote National and infrastructural development should always be the ones a serious government pursues rather than those that profit a few individuals or companies! Nigeria's problem is widespread greed and corruption that has led to stupid policies which discourage investment in the economy. Its is not only Nestle, Unilever or Dunlop that have moved production to other countries. Nothing wrong with that. How far is Ghana from Nigeria really? It is still close to its customers! Worst still, even MTN Group South Africa is working on divesting its entire investment in Nigeria (which it has concluded is governed by idiots) nevermind considering a possible option of providing services to its Nigeria customers from Ghana, Benin or Cameroon. Even Shoprite has exited or is certainly on its way out. Some Nigerians will say let them go, there are still Chinese, Indians and Lebanese staying. They must see potential in Nigeria. But that view is truly missing the point. Capital can be invested in more business friendly climes than Nigeria at the moment. Most of Nigeria's leaders (public and private sector) are clueless, have no vision for the country and are consumed with self interests.

Cyberknight:


I think the border closure was a stupid decision. It may have slowed some legal importation, but simply boosted illegal importation and killed legal exports, and fostered another Dangote sweetener.

We are all aware of Nigeria's problems, the smuggling in of foreign rice and all that, and the excessive importation of things we should be able to manufacture at home and the effect on the naira, etc.

But you can't force the changes you want by cutting off legal trade with your neighbours in unilateral violation of an international agreement - that doesn't paint you in the best light, the best way to achieve your goal is to seek to provide favourable conditions at home for businesses to thrive.

And you also need to realise that Nigeria also needs its neighbours too - it is not yet self-sufficient. We might be able to be self-sufficient in food yes, but in other areas, not yet. Follow the news - recent trends show that Ghana is slowly but surely taking over what should be our position as the centre of everything in west Africa, from being its airline hub down to MNCs moving there. The more we continue to show ourselves as an unreliable country which doesn't live up to its agreements and suchlike, the less likely we are to attract more foreign investment, the more likely we are to lose what investment we already have, and for those who think that companies pulling out of the Nigerian manufacturing scene is no big deal - take a look at the official unemployment figures (which are bad enough, but should generally be multiplied by a factor of at least 1.5 and above to give a true picture).

A fairly competent government would be scrambling to find out exactly why a major concern like Unilever (and Nestle too) took such drastic action and instead of further exacerbating the situation ("Oya, if una like, make una go now) would be moving heaven and earth to do what it can to change or prevent such a situation, not further alarming business with nonsense like border closures.

Unilever


Made a loss of over N7 billion in 2019, made a loss of almost N4 billion in 2020, we don't know if things will improve in 2021. But everything thing have in red from equity, asset, liabilities are increasing

skydiver01:
On point. Policies that promote National and infrastructural development should always be the ones a serious government pursues rather than those that profit a few individuals or companies! Nigeria's problem is widespread greed and corruption that has led to stupid policies which discourage investment in the economy. Its is not only Nestle, Unilever or Dunlop that have moved production to other countries. Nothing wrong with that. How far is Ghana from Nigeria really? It is still close to its customers! Worst still, even MTN Group South Africa is working on divesting its entire investment in Nigeria (which it has concluded is governed by idiots) nevermind considering a possible option of providing services to its Nigeria customers from Ghana, Benin or Cameroon. Even Shoprite has exited or is certainly on its way out. Some Nigerians will say let them go, there are still Chinese, Indians and Lebanese staying. They must see potential in Nigeria. But that view is truly missing the point. Capital can be invested in more business friendly climes than Nigeria at the moment. Most of Nigeria's leaders (public and private sector) are clueless, have no vision for the country and are consumed with self interests.

What is worth doing at all, is worth doing well. When you leave the Nigerian business environment because of the so called harsh conditions, it is honourable and responsible to also leave the Nigerian market for those who are resilient

About 25 years ago, Vodacom was the biggest in Africa

MTN is now the biggest courtesy of the profit from their Nigerian business.


Foreign investors don't love us, they are only interested in the money they will milk from the country and repatriate abroad.


Too bad that the big players in the downstream sector who have been operating in Nigeria for about 60 years never thought of building a petroleum refinery in Nigeria.

Lafarge had a headstart advantage of 40 years over Dangote Cement and BUA cement, but the 2 Nigerian owned companies have pushed Lafarge to a distant third position as per market share.

In the pharmaceutical sector the foreign owned players are struggling, while Nigerian owned Fidson Pharmaceutical, May and Baker Pharmaceutical and many other home grown players are expanding.

In the soft drink sector, home grown Bigi is giving Seven Up, Nigeria Bottling Company a very big fight for market share in Lagos and South West Nigeria

Lol.
Of course foreign investors dont "love" Nigeria, neither do local investors.
Companies are in business to make money, not to share love. The idea is that in the process of their making money, society gets something back, either in the form of employment, the transfer of knowhow or general development through the infrastructure they build to carry on their business.

And if Nigeria wants to drive out foreign investors, it should take serious control of its economy 1970s-South Korea style and develop it competently without corruption, nepotism and stealing, which is not possible in Nigeria. Basically, our government has no vision, is incompetent and feeds Nigerians nonsense about self-sufficiency and import substitution while the top officials and politicians and upper to middle classes evacuate money outside the country daily and make plans for their salvation in the event of a big bang. This is what is making foreign investors vote with their feet and giving local investors so much cause for concern.