Something lite for your reading (and hopefully, learning) pleasure...

https://stocksng.com/the-path-of-least-resistance-lessons-from-champions-league-tournament/

On the podcast this week, we chat with Mr David Alade, a Retail investor, avid reader and prolific writer about the art of investing, benefits of reading, writing and leading a lifestyle of constant Improvement.

I hope you find the conversation as enthralling as I did...

Thanks for listening...

https://anchor.fm/value-nigeria/episodes/63--The-art-of-investing--Life-long-learning-Chat-with-Mr-David-Alade-e1jhgiu

creategist:


Hi Doc. What company on NGX did you refer to in this beautifully-penned article please? Hope you don't mind sharing sir. Thank you.

Thanks for your kind words...
They are very much appreciated...
I was referring to Betaglass actually...

New article alert...
Hope you find it helpful...

https://stocksng.com/projection-versus-protection/

On the latest episode of the podcast, we chat with Mr Onome Ohwovoriole, Lead analyst with Money Africa, about how retail investors can build wealth using investing communities, ETFs, index, fixed Income & equities.

I hope you enjoy the conversation as much as I did...

Thanks...

https://anchor.fm/value-nigeria/episodes/62--Wealth-building-for-the-retail-investor-Chat-with-Mr-Onome-Ohwovoriole-e1it3i3

emmanuelewumi:



Having you seen the earning growth rate of Lafarge in the last 3 years. Earnings have been growing at 70%, should grow by 50% by the end of this year

While I do not dispute your nunbers, don't ignore the base effect in Wapco which may be skewing the earnings growth...

In this article, I share my thoughts and lessons I learnt after an encounter with my revered teacher...

Hope it improves your practice...

https://stocksng.com/lessons-from-my-teacher-in-depth-insight-on-equity-investment/

This week, we chat with Mr Abdulazeez Kuranga (Macroeconomic strategist ar Cordros Capital) about why Macroeconomic analysis is important, Emerging Macroeconomic trends in Nigeria and How retail investors can profit from them.

Thanks for listening...

https://anchor.fm/value-nigeria/episodes/61--Emerging-Macroeconomic-Trends-in-Nigeria-A-chat-with-Mr-Abdulazeez-Kuranga-e1i7eku

ositadima1:


I think those lines are OCI, Other Comprehensive Income. Probably a negative change of the fair value of d debt instruments they invested in. As long as they are holding, no problem.

Below is a description of OCI:

"Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement.

Revenues, expenses, gains and losses appear in other comprehensive income when they have not yet been realized. Something has been realized when the underlying transaction has been completed, such as when an investment is sold. Thus, if your company has invested in bonds, and the value of those bonds changes, you recognize the difference as a gain or loss in other comprehensive income. Once you sell the bonds, you have then realized the gain or loss associated with the bonds, and can then shift the gain or loss out of other comprehensive income and into a line item higher in the income statement, so that it is a part of net income"

Copied from a random Google search...

Thanks for this...
I have long struggled with this concept but this is very enlightening

RabbiDoracle:


Because a parabolic rise doesn't resolve sideways. It flashes down. That is why when Vitafoam, ucap and those palm oil stocks conclude their upward trajectory, that is the trajectory for all parabolas. It is time-tested.

Lol...
Don't let the palm oil merchants and palm oil believers see this your post oh...
You are breaking hearts...

ositadima1:


I am really curious to know what sell-off really means. If fonds are indeed leaving the markets then other funds are entering it in its place, is that not the essence of trading?

If for every dollar sold-off their is someone at the other end buying-in can we say that their is now a net increase in funds in circulation?

I don't get it.

If a seller is desperate to offload his or her goods.theyll have to offer it for sale at a lower price. This low price can cause others to panic and make them desperate to sell too at a lower price...

Momentum builds and the price falls dramatically just because everyone is trying to sell at the same time...

Of course for every seller, there must be a buyer but when sellers become more desperate and buyers can cherry pick, prices tank considerably...

West Africa's first professor of Capital Markets & former commissioner for finance, Imo State, Prof Uche Uwaleke (Nasarawa state University), is our guest this week on the podcast...

We chat about how the market landscape has changed over the years, why fixed income has performed better than equities in the past decade and how the market can be more inclusive for youths/ retail investors...

Thanks for listening...

https://anchor.fm/value-nigeria/episodes/60--An-overview-of-the-Nigeria-Capital-Market-A-chat-with-Prof--Uche-Uwaleke-e1hsi34

The Chief Investing Officer of Afrinvest Ltd, Mr Robert Omotunde, is our guest on the podcast this week.

We have a riveting discussion about portfolio construction, analysing equities, risk management, Nigeria infrastructure fund and Afrinvest Dollar/ Equity funds.

Thanks for listening.

https://anchor.fm/value-nigeria/episodes/59--Masterclass-in-Portfolio-Construction-a-chat-with-Mr-Robert-Omotunde-e1hjgd1

9free:

Ask Oga Oracle to connect you with Queen of Canada and also KnightOfDelta, we need to hear them too.

You must be a senior citizen...

We've had Knightofdelta on the podcast...
Check it out below:

https://anchor.fm/value-nigeria/episodes/45--Investing-in-yourself-Conversation-with-Dr-Manasseh-Egedegbe-Knight-of-Delta-e1d0vg6

Teeonly:
@DrAwo


I guess she is referring to PETER THE RICH. ( PETERICHY)

Loool...
Now I see...
I get the joke now...

yMcy56:

Dr. Awo, when are you bringing Dubai Prince?
Let's learn what investment entails the Katanga way as well.

Nice listening to the oga on top, Oga Wanaj0......
Nice and cool voice by the way.....money is good....
Was expecting to hear remarks about NSEMPA as well but you only asked about SMN.........all well and good.

Mama Mercy!
May your government tenure be loooong...

Great observation about SMN and NSEMPA... I think he referred to NSEMPA at a point but called it SMN... I didn't catch it then until when I was editing...

He talked about moving from SMN to another platform before finally settling at "SMN" (I guess he wanted to say NSEMPA OR nairaland)... I apologise for missing it at the time...

If you connect me with Dubai Prince or even Warren Buffett, I will interview them... Lol...

Biafran4life:
From your personal opinion.what is that thing you feel he must have been doing right that has contributed most in his success.I have never read any of his books. Can you recommend one

You can watch his latest interview here...
Thank me later...

https://charlierose.com/videos/31221

This week, we have an enthralling conversation with an experienced retail investor, Mr Adeniyi Ajibola aka Wanajo about the value of investing forums, competition analysis and various thoughts about achieving investing success...

I hope you enjoy it as much as I did...

Thanks for listening...

https://anchor.fm/value-nigeria/episodes/Assessing-Competitive-advantage-A-chat-with-Mr-Adeniyi-Ajibola-e1h9kij

Mpeace:
Union bank result is out. Not impressive. PAT and everything fell.
No sign of dividend payments. Make them just buy us off abeg.
https://doclib.ngxgroup.com/Financial_NewsDocs/35669_UNION_BANK_OF_NIGERIA_PLC%20_AUDITED_FINANCIAL_STATEMENT.pdf

This can be likened to what happens when a once desirable and impeccable bride gets to her husbands house after the wedding ceremony and washes all the make-up off her face...

Her husband immediately asks himself, "what have I gotten myself into?".

#Selah

Mfunkynation:
..... After I bought Zee @10.50 and sold @16...
bought Ucap @2+ and sold @6+..
I have learned a BIGGER LESSON!
I don't sold my good fundamental soups anymore but I accumulate more...

At one point or another, we will all come to this realisation...
Every great investor in the world reached this conclusion prior to the unveiling of their greatness...
#Selah...

safepaulooo:
Informative and insightful. I have questions to ask. What's your Contact

Check your email boss...
I'm glad you found the Podcast helpful...
Cheers...

Mr Ayorinde Akinloye (Analyst, United Capital) passionately takes us through a Masterclass in Investment Research on this episode of the Podcast...

Listen and learn the How, why, when & where of investment research and lots more...

Believe me, you'll thank me afterwards...

https://anchor.fm/value-nigeria/episodes/57--Masterclass-in-Investment-Research-A-Chat-with-Mr-Ayorinde-Akinloye-e1guqer

Mr Idris Ayinde (Accounting consultant & Manager, Ernst and Young, UK) is our guest on the podcast this week.

We discuss tips in analysing financial statements, spotting phony earnings and less known but key parts of the financial statements.

Our chat is indeed enlightening.

Thanks for listening.

https://anchor.fm/value-nigeria/episodes/56--Thoughts-on-Financial-Statement-Analysis-A-chat-with-Mr-Idris-Ayinde-e1gk8cc

emmanuelewumi:


My honourable value Investor, you are doing well

Oga mi...
Your boy is loyal oh...

Dollarwoman:


With due respect sir, it seems you have much information about UPDC REIT, do you still think that there is future in the company? I'm heavy in it and not equally happy with the dividend payout.

Lol...
With due respect ma (I'm assuming you're a "ma" from your moniker), I am not an insider oh. I'm just an investor that did his due diligence...

If you look at updc reit results over the last 5 years, you'll see that this isn't the first time they are having a loss or disappointing with their dividend so the risk of this happening again (like it has done) should have been foreseen...

The most important thing is to look at their numbers very closely to figure out why they declared a loss. Is the loss due to a failing business? Or is it an accounting loss? Are there prospects for the future? What are the fund managers saying about their future plans?

Answers to all the above questions will help you decide if the ship is worth sticking with or bailing out... I am also heavy here but rather than feeling disappointed, I'm excited at the prospects of increasing my holdings on the cheap...

Look at the book value per share of the company and then look at the share price... Even if some of their asset value is inflated, you can discount the book value per share by 50% (which is outrageous) and still be buying the company at a discount at present price not to talk about the giveaway prices that it is heading to...

Let the bleeding continue for it is not unto death... Some short term pain is worth enduring for long term gain...

This is not investing advice... I just said a few things the way I see them besides the level of my patience is different from yours so everyone should see things in the light of their own circumstances...

#Selah...

Wapgod:
UPDCREIT is paying 1 kobo final dividends.
I regret buying it.

I hate to say this but if you feel this way, you didn't do enough due diligence before buying it...

Almost nothing (except something very extraordinary) should surprise an investor this much if one does all that one should do before any company purchase...

#Selah

emmanuelewumi:


UPDC REIT will pay before the end of June.

SFS REIT will pay before the end of April

This is even better...
Thanks sir

Wapgod:
When is updcreit and sfsreit declaring and distributing dividends for 2021?

They shold both be releasing their audited results before the end of the month (31st March at the most)...

SFSREIT should pay before April ends while updc reit should pay by September or October...

That's the usual modus operandi...

On the podcast this week, we chat with Mr Damilare Ojo (Senior Analyst, Meristem Securities) about why investment research is so important, improving your investing practice and various buy criteria.

Thanks for listening.

https://anchor.fm/value-nigeria/episodes/55--The-essence-of-investment-research-A-chat-with-Mr-Damilare-Ojo-e1gaan0

Thanks everyone for the suggestions...

We are already working on bringing a few big names here to the podcast... We need to learn from their experience and knowledge base...

By Gods grace, very soon...

I appreciate the suggestions though... Let's keep them coming!

Thanks...

ositadima1:


Very nice, I would also like to learn about these strategies: CPPI and TIPP portfolio insurance strategies.

Oga mi,
This level wey you enter so, e pass my power oh...

I love your data driven approach to investing though... Ride on...

This week on the podcast, we chat with Mr Olumide Adesina (Analyst/ writer, Nairametrics) about how Psychology impacts your investing returns, local vs foreign investing, his buy criteria and how to play the coming hike in interest rates.

Apologies for the poor audio quality. We'll do better subsequently.

https://anchor.fm/value-nigeria/episodes/54--Impact-of-psychology-on-investing-A-chat-with-Mr-Olumide-Adesina-e1fvvl6