currentprice:
http://www.nse.com.ng/Financial_NewsDocs/26695_FLOUR_MILLS_NIG._PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

Dividends of 1.20 Naira per share is good.
http://www.nse.com.ng/Financial_NewsDocs/26696_FLOUR_MILLS_NIG._PLC._CORPORATE_ACTIONS_JULY_2019.pdf

RealityShot:
NOTHING IS SURE IN STOCKS MARKET

..
I lost 20+% on that Zenith last year 2018... I never the dividends that they announced
..
i lost 30+% on dangote cement..
..
i lost 90% on dangote flour despite leaving from 2008 to 2018.. Zero dividends!
..
i lost 90+% on ecobank ater waiting 10 years too! Zero dividends!

..
NSE is very un safe!
do not buy stocks for dividends..companys have learnt bad things and do them without sanction from NSE

Oga Realityshot, i know that loss is inevitable in the stock market but i dont understand all the losses you are sharing oo. Entry, exit prices and risk management are key in stock market. I guess you need to finetune your strategies cos some of us made profit in most stocks overall and we buy stocks with good margin of safety, high dividend yields and high potential of capital appreciation.

I can relate well with TotoNArubber concern as bravedude112 have said it all, it depends on the amount of cash you are investing. We used to have a bad experience years bank with Wema bank Ago branch anytime we make bankdraft through them, the bank draft always take more than 3 days to be issued becuase the ranch aint strong enough for such volume of fund and whereas Zenith bank Ijebu ode does it instant. My uncle had to japa from that Wema branch as its affecting his business supplies.

lancee:




Just to add a lil to this discussion..If u re building a rental property from my lil experience you do not have to build really to taste cos MOST times there is a limit to how much our people that will rent it from you will pay , this idea has really helped me over the yrs ..except na personal home
I guess maybe urs (jejebaba) is a private home
Also the way most of our people dey do house by the time they leave your property is not good

For me those days i just did basics..Some tenants do not know the value of ur properties..

Yeah, you are spot on. My uncle did it to taste to be able to rent it out to so called "classy" people working in banking sectors and telcos. Imagine making all the room ensuite, POP, ceramic tiles, wardrobes, water heaters, kitchen cabinet and so on for a rental property.

Lekan1o1:


Pls who know any reliable online exchanger

Online exchanger as in? Do u mean, a brokerage firm with online trading platform?

GodgraciousR:
'' it either they cheated you in the project or you over paid for land a building wort 36m will bring in 1.8 m-2m as annually .....while a building of 20 will bring in 1m .....that 5he hiidden rule (expect if their is wars or external factor like sudden road..'' [color=#000099][/color]
You are sure right about this. The cost of building our house at Shagam Ogun state was around 10m, and it brings a little above 600 thousand per annum. It is 2 units of 2bedroomflat and 1unit of 3 Bedroom Flat.

Please which year was this building built and what was the finishing taste like. Was the house fenced, interlocked, litespan or Auminium roofing sheet, was the rooms tiled cos i spent almost 3.5M alone on tiles for the building not to talk of POP, wardrobes for each rooms, kitchen cabinets and the likes.

mendes911:


Baba,

If you want to hear from Senior Tolu, use your truck load of cash and push the share price of Fidelity to N3.50 and above. Then you will see him bouncing out.

Hope you are doing great. I heard your "accumulation" no get part 2 for now.

lol, fidelity at 3.5. Infact dat accumulation no get part 2 ooo. serious aggresive accumulation boss. The downside is make den no devalue the Naira.

mendes911:


If you pay school fees on behalf of all of us, na crime? At least start with HoneyFlour. Honey still full inside the well.

How you dey?

Oga Mendes, where is our Senior Tolu now. Its been ages we heard from him ooo. Trust he is doing great.

RabbiDoracle:


The market should remain irrational for long so that one can get his fill.

Head or tail, I will always win this market.

This is why i dey always feel you boss. Head or Tail you will always win- the poo and vomit analogy comes to mind.

This NSE will make some guys super rich by Next Year Mar/Apr 2020.My only prayer is that, there should be no DEVALUATION of NGN. I am seriously loving this blood on custom street.

Thanks meships and Oga Sinclair for all the analysis and inputs. Its well appreciated.

.

meshpips:


If you wanna dump without seeing the corresponding shock in price, do so at the VWAP (Volume Weighted Average Price). That is how professional traders do it.

Ok thanks, well noted. Can you explain more on the bolded and i will read more about it. Cheers

RabbiDoracle:


That is why you should wait for dividends and be relaxed. When prices go out of high range (unusual), you will just handover to them.

If you are fat, start small small begin the journey at the right time. So that before event go start, you will be there. When event wan close, you start small small begin go house so that people no go use rush kill you for gate.

Hmmmn, well noted boss. Nice strategy.

RabbiDoracle:


You still need further studies

Don't worry, we go find way do online tutorials.

Ok sir, the further studies will be well appreciated oo. Though i made around 40% gain on the FCMB when i sold early this year but it was not easy bailing out as i kept selling them in tranches.

HeliosHay:


Can you imagine!

I won't tolerate such nonsense in my house. Whether the rent is paid or not I'll serve the tenant notice to vacate my house asap. What rubbish

They there dey deceive yourself. Pray you dont get some unfortunate tenants. A tenant took my friend to court on top of his own property and the case dragged for 2 years without the tenant paying shishi.
This is why i gave mine to Jide Taiwo as i no get strength to deal with some terrible tenants because i know myself to be an emotional person.

RabbiDoracle:


Sense will not kill you.

Later when you hammer after you have handed over your Kaya to the FPI, Dem go say you dey do yahoo+

Imagine Stocks with DY of 13% after WHT. Something people never expected.

My boss, i learnt this strategy from you oo, if the thing no poo, it must vomit. A book i read recently used the same strategy as 1 of the secrets of the wealthy.

tritritri:


dere r some stock dat when dey move ..dey do 80%...not like zenith max 25% ...it a simple logic.

Sir 333, how much volume can you get or bailed out with those penny stocks. I remembered how i struggled to sell my FCMB early this year when the whole bids is not even up to half of my FCMB holdings then. I learnt a bitter lesson not to be too heavy on those penny stocks as bailing out may be difficult without depressing the price to almost 10% loss for the day.

tritritri:



I BOUGHT 10M unit of fbnh at 3.20 sold at 4.5 or so.. next thin saw it at 6.5 was scared to buy then 8..few mth later 12...though i had success with others stocks sha.

Ok, wow u bought at good entry price. I still cant forgive myself for that misplaced priority of mine that year. You guys hit it big with those loot that year especially with dangflour and co. I missed great opportunity then. Anyway, the best time is NOW to take adavantage of this blood.

rebekah2011:
Please add Gtbank when you see it at N25. It is good for capital appreciation

Ok sir, thanks well appreciated. I will note it down now in my book.

lancee:





Still on it jeje ..uba averaging down till any unit it stops bleeding...

Gave hope on gtb for now ..still on zee as well

Yes boss. My target is to keep buying UBA from 6.05 and below, Zenith- 19 and below and FCMB-1.55 and below. Only these 3 stocks in my portfolio for now.

rebekah2011:
Amen

Thanks sir for the "Amen" oo. I made that mistake when FBNH was selling below 3 naira and i refused to average down enough (stopped when my average CP of FBNH was 7 naira from 10) and was busy building a "usesless" rental property because i gave up on NSE and was shocked when FBNH rose to 15 naira. Imagine if i had used the money for the house to average down enough on FBNH, the profit would have been massive. I learnt a very terrible lesson then and i have vowed never to repeat such a mistake by writing such experience down in my trading journal.
This is the more reason i am so happy now that, the same opportunity is presenting itself again.

Agbalowomeri:


You are buying at our target exit prices

Yes boss, with this dividend yield i am seeing i have decided to keep averaging down ooo. Worse of it all, i have determined to work overtime if i get the strength for 6 months straight hopefully as against my usual rotation of 6 weeks on/3 weeks off in order to be able to get fund to average down. God help me oooo, hopefully i wont faint.

Finally, my money for the month has finished. We wait for July payslip. The kind of massive capital appreciation wey we go get for next year Mar/Apr will be massive with this kain dividend yield i am seeing on the bloody custom street go sweet ooo.

tritritri:



guaranty 27...bought at 30.70....see me see trouble...

Am i a yahooboy... Marlians.

Mcy56:

Lol. I just went to check it now based on your comment. I've been checking for it at Premium page.
It's meant for people of your calibre sir. They are waiting for you to commence trading.

Me wey be boy, btw where is Oga Mendes as his prophecy is now coming to pass. A whole GTB trading at 28.40. This market is "wuked" ooo.
People go average down tire ooo as i don dey average down my UBA since last year as i no dey hear word with my itchy fingers too.

Na wa ooo, Airtelafrica listed at 363 and no bid, no offer con join am with BLS sef

salford1:

On the average: 150k per annum in canada is like $100,000 after tax, gov pension and EI. About 8,300 per month. Mortgage of say $2300 per month. Left with $6000.
Expenses on food, bills, entertainment, gas, professional dues, life insurance, finance etc $2500k to $3000.. Still remains about $3000 to $3500 savings.

That is like 9million naira per year. Your calcs were kind of close. While a lot of people will not earn close to 150k in Canada over their lifetime as that pushes them into the may be top 5% of the society; however, what money can't buy you in Nigeria is peace of mind. I can't quantify that. I would take $50k per year in Canada just for that reason over 20 million per annum in Nigeria.


https://business.financialpost.com/personal-finance/managing-wealth/how-does-your-salary-stack-up-to-the-rest-of-the-country-a-look-at-what-canadians-make

Salford and naijaman3, i respect both top notch analysis. You guys are genius and sound in your analysis. My advice to people as always been do your due diligence and what makes you happy. If your goal in life is to live in a country with human right and social security, Naija will never give you that but if you are doing fine in Nigeria and your goal is to be an economic migrant in Canada, you might be depressed as an economic migrant. To me, earning 7M in Naija does not worth it except if you are earning above 20M per annum and your goal is to be an economic migrant, you might be depressed if you migrate to Canada and leave such job. So life is all about cost benefits analysis and trade offs. For someone like me, i will always choose financial security over social security as that is what makes me happier and kindly note we are not hardwired the same way. Its a capitalist mentality and thats why people will go to war torne countries to invest for the sole purpose of profit margins. For example, i am working in Middle East as a Pet Engineer but unfortunately majority of us even Canadians, Americans and co lobbied to be posted to war torn countries due to location coefficient. Imagine if you work in the likes of Luanda, Iraq and co, you get 1.7 coefficient of your salary unlike working in USA, Canada and co. Whereas we have others that will tell you, i dont care about the money, i care more about my life and good environment even if i earn less. In conclusion, there is no cap fit all for people, we are all hardwired differently.

ahiboilandgas:
it either they cheated you in the project or you over paid for land a building wort 36m will bring in 1.8 m-2m as annually .....while a building of 20 will bring in 1m .....that 5he hiidden rule (expect if their is wars or external factor like sudden road..

I doubt if i was cheated cos it was handled by a trusted uncle, its because the project was in Ogun state and its a 4 units of 3 master bedroom ensuite flat (storey building) but the rent is just 250k/annum for each flat. Worse of it all, i only get net pay of 900k as Jide Taiwo and Co gets 10% of the gross amount.

TotoNaRubber:
The court case is very tiring and decision making takes time plus expenses.

I have been constantly told by relatives to come and build a hostel in a remote area where a self contain goes for N60k/year. Building a 30 units self con will cost 40 million minimum.


Then it will take 22 years to recover the 40 million expenses and from the 23rd year i should be expecting profit. I haven't factor the cost of repairs and any reconstruction which could push my profit year to start from the 25th year.

I told them my analysis and they were all shocked and said "Chai" �

I haven't factor in the exposure that comes with building, people start to know your worth when you start a housing project, they will bring all their problems to you.

I can relate well with this. It was my biggest mistyake ever. Built a rental income for almost 36M to be earning 1M per year. The worst investment of my life. Never will i tried a rental income for now except circumstances changes.

smartkester:
the dude wasn't even talking about oil and gas jobs.. Did you read what he wrote at all?

Thanks smartkester for pointing this out, i just noticed i actually misconstrued you for the guy as you were the one asking about oil and gas related jobs. Think old age don dey set in for me oo or i need to see my optometrist. Anyway, i will advise you look into Renewable energy related jobs and co as i guess oil and gas jobs does not worth it anymore in my own opinion especially in Canny land with high cost of production which resulted to thinning of profit margins by IOC's.