emmanuelewumi:



Possible.


Household income. 3 times the annual income of the husband and his wife

WOW... It really depends on their vocation/profession

MARKETJJC:



Closure of register is on 19th and on that date the list of all the people on register will be copied at the close of business. Any person that bought today, his name will appear on that register on 19th(T+3) and it will be copied before business close that day. So any person that bought today is qualified

Remember the weekend is involved as today is 16th.....the 19th of August is Monday!
Anyways let's see how it goes and do inform the forum for next time

megawealth01:



Ok because someone bought a property for me which was valued for around 150m somewhere around gate (UNILAG area)

Haba. Na prime location. Na hot cake. My grandma house at Palmgrove was sold in less than 2 weeks

Convert the property to hostel. A room self con will give you about 600k to 700k.

If you have 15 units, that is about N10 million.

Average rental yield is 5% and the rent can be increased over the years

emmanuelewumi:



Why didn't you do it in phases. Eg complete 4 flats start earning income, then do another 4 flats.


I will advise you to complete what you have started.

Thanks. I have considered finishing in phases and that's what I will most likely do. But do you realize that aspects such as landscaping, fence and gate house, water and electricity connections are common to all phases and have to all be done before you can complete the first phase? By the time you do those completing the other phases becomes easy.

MARKETJJC:


don't take it to heart bro but you know you bleeped/messed up cuz you were driven by selfishness and lack of empathy. You bought oando quietly and sold quietly and thereafter started shouting oando is bad and all that negative energy without number to back it up. That was done in bad Faith and you acted exactly like monkey Hunters that you do attack intermittently. That is where we had issue.

As for standing before you? I think otherwise cuz I fit match you without any lele. Gowon became president at 27years the same thing that Tinubu achieved at 72years .

So pack one side, you be otele

Absolutely unnecessary.....especially considering the difference in age you have just been informed!!!

emmanuelewumi:



Haba. Na prime location. Na hot cake. My grandma house at Palmgrove was sold in less than 2 weeks

Convert the property to hostel. A room self con will give you about 600k to 700k.

If you have 15 units, that is about N10 million.

Average rental yield is 5% and the rent can be increased over the years

Thanks Egbon

My younger brother (Barrister) actually is the one managing it for me. He told me he will be remitting 16m yearly to me. He is already converting a section for hostels then part of it for businesses.

He has really been helpful over the years on most of my properties although all my properties ain't under his watch. I made sure it's not managed by a single firm/individual

megawealth01:


Thanks Egbon

My younger brother (Barrister) actually is the one managing it for me. He told me he will be remitting 16m yearly to me. He is already converting a section for hostels then part of it for businesses.

He has really been helpful over the years on most of my properties although all my properties ain't under his watch. I made sure it's not managed by a single firm/individual

Then the total cost will be more than N150 million when you consider the expenses or renovation and conversion of the property

emmanuelewumi:



Then the total cost will be more than N150 million when you consider the expenses or renovation and conversion of the property

That's true

Shout out to @mikeapollo @thebargainhunte@
BabsO2, etc for this engaging Discussion Treat..🙌.
and later on @megawealth.

Special shout out again to. @mikeapollo 🙌👏👌✔️for such engaging and sustained critical discussion and permutation with facts, figures and of course possible skewed sentiments in predicting future directions of the company without compromising on emotions and insults despite being strongly attached to the particular stock from yrs ago than most people.

I learnt a lot
from you n of course @Emmanuelewumi from the peaceful discuss.🙏🙌

There is nothing that beats criticism, even if biased, provided the contents are factual or highly possible with substance no matter how painful it may seem.

Even if it were to be outrightly dismissed, it makes it even easier to absorb a shock, if things turn south, rather than taken unaware.

Oga, I'm one of your fans oo but it seems you were not patience with OandO when you exited. I love you analysis and when you share positive outlook of NGX

Mankind2024:
REMEMBERING THE BLACK ⚫️ MONDAY
The day my magnificent 7-stocks portfolio lost $12,500.00 - August 5th, 2024, a day I won't forget in my investment journey. It started like any other beautiful day; I was busy during the 'End Bad Governance' protest. My office was locked, and the protest was intense in Kubwa. While analysing the situation, I was reading Yahoo news when I came across a report that Tokyo and other Asian stock exchanges had lost 10% in early trade due to the Japanese government increasing interest rates. This triggered a contagious effect on NYSE pre-market trading.
As an investor tutored by NSEMPA, I started praying for the red day to continue for 10 days so I could exchange Naira for dollars. However, the risk of going to my Forex exchanger in Gwagwalada outweighed the benefit. At 16:30, when the New York market opened, my portfolio was deeply in the red. I didn't panic; instead, I was ready to ride the bonanza offerings of the 7 great institutional investors.
1. *BlackRock*: The largest asset manager globally, with over $10 trillion in assets under management (AUM).

2. *Vanguard Group*: The second-largest asset manager, with over $7 trillion in AUM.

3. *State Street Global Advisors*: A leading asset manager with over $3.5 trillion in AUM.

4. *Fidelity Investments*: A major asset manager with over $3.5 trillion in AUM.

5. *Capital Group*: A global investment manager with over $2.5 trillion in AUM.

6. *JPMorgan Chase & Co.*: A multinational bank and financial services company with significant investment management capabilities.

7. *Goldman Sachs Asset Management*: A leading investment manager with over $2 trillion in AUM.

I told myself I wouldn't exit my position by jumping in and out.
Fast-forward to when NVIDIA, the jewel in my magnificent 7 portfolio, tested $80 twice at the peak of the downturn dubbed Black Monday. I remained resolute and focused, wishing the bonanza could continue for at least 2 weeks. By August 6th, the recovery started, and today my $12,500+ paper loss has turned into a paper gain in surplus.
The moral of this post is never to panic. Expect red days; no one can predict the exact date and time. Institutional investors' algorithms are pre-programmed to run the market against individual investors. The weak hands are being shaken off, and would struggle to renter the market at premium.
The principle of investment is simple: exercise patience, follow basic principles as taught by the gurus, and generational wealth can be created.
Pic 1 portfolio today
Pic 2 to 4 Black Monday ⚫️ downturn.

Owoblowblow:
Oga, I'm one of your fans oo but it seems you were not patience with OandO when you exited. I love you analysis and when you share positive outlook of NGX

It's all about making money. You can take sell when you are satisfied with your gains. It's not a loss.

Choiceguy take note as well re Eternal.

My opinion re Oando and not wanting to pay the dreaded school fees

STOP here if you're an INCOME investor with long term views.

If you have an aggressive growth portion of your portfolio, you may continue.

It applies to trading in all markets actually - learn to take profits and free-carry your position. For example, you invested N5m in Oando at N10. Oando got to N49, you could have sold off N5m worth at N20, N30 or in the N40s. That way you have preserved your original capital leaving your profits to run. If Oando fails to reach the lofty heights you thought it would reach, you stand to lose nothing because you are free carried.

If you're lucky you could even sell off N10m worth at N40 so you have original capital and profits from the trade. Your profits are diverted to stocks with low risk, income generating stocks or investments. Anything that happens after that has little effect on your portfolio. Oando is high risk, high reward as we have seen already. It's likely to outperform the market if the turnaround is confirmed. Tread with caution.

It's perfectly normal for someone who has had their fingers burnt in the past to be terrified by a candle. It doesn't mean stocks that have failed in the past can't transform other people's portfolios. You just have to apply learnings from the past for future trades. For me, I'm constantly reviewing what went wrong? What could have been done better? Then I apply. If it works, all good. I'll do a review again. If it doesn't, I'll review my actions. Pretty much like AI. Refining and fine tuning your strategy until you have mastered it.

My sister has a portfolio with FBNH as the major stock. She bought it during the N30 public offer some years back. Imagine, FBN offered shares at N30 years back. Understandably, she has an emotional attachment to it because of that. I decided to help her. The only rule is, I can't touch that FBN. The portfolio is looking so much different now (multiples of where we started from) despite the fact many withdrawals have been made. Life changing for her. FBN is not even up to 10% of the portfolio any longer.

After all is said and done, we will all be alright. Goodluck to everyone.

Disclaimer - You're more likely to win some but lose more if you don't get your strategy right. Consult your financial adviser for your investment decisions.

Another point I'd like to make is that there is so much diversity in the market. If you went to Oshodi market today, it's not possible that everyone in the market will have the same mindset, strategy, goals, product to buy or sell etc.
There is no one-size fits all strategy in the market. You need to consider demographics, individual goals, environment etc.
An elderly person approaching retirement will be more risk averse than someone just starting off his career.
A high networth individual will be more concerned about capital preservation and stable income than a low income individual seeking a big break.
A trader will be more active in the market than an investor.
Portfolio or position sizing will determine stocks that an individual can trade. It doesn't matter if a stock will double in two months, it's just too illiquid for some to trade. They won't go there.
Some people just need to buy once or twice in a year and sell once or twice the following year. It may appear they are "missing out" when they are not following your own strategy but investing N200m in one or two highly liquid stock at the right season (after corporate actions or usual yearly lows) and selling at just 50% gain the next year is N100m without any dramas.

Believe it or not, some are not even after growth as such again. They are contented with their portfolio size and just want a regular dividend income to meet their needs.

When you understand this, you would respect people's decisions with their portfolios.

Apologies for the back to back posts. Make I just get this one out.

The stock market throws up some rare opportunities every now and then. It's not regular. Totally random.

If you are lucky to identify and key into them, they transform your life. It's like a lottery.

I have a story with Nascon. When Dangote was going to buy into Nascon, I stumbled on that information and bought some. Nascon was selling for some ridiculous amount back then may be something like 20k or even less. Same price as Afroil (if you know this one you don see life...haha). I no be old man o , just started way too early for my age in that era. Nowadays, everyone knows about stocks, crypto etc.

Just relying on hope ( not a reliable strategy) I loaded up Nascon with all the money I could gather. After Dangote bought Nascon, something I had never witnessed happened. Nascon entire shares were RELISTED on the NSE at a ridiculously high price. I don't remember exact figures any longer. Maybe something like N8. I remember waking up to see my portfolio was in millions. I nearly went crazy that day.

Please don't assume I'm suggesting you buy stocks like Afroil with the hope you wake up one day and it has multi-bagged. Afroil gave me the ticket to the millionaires club back then. I was a reckless boy. SMH.

Wapco also did something similar when it fell from c N80 to N15 some years back. Julius Berger another recent example.

These days, what I like to do is to follow the stories of companies to see where there could be such opportunities. I have different portfolio strategies so please be guided. They may deliver much more than the average returns.

There are largely four categories:
1. Companies with good history but going through a rough patch and now showing green shoots. (NGX) - Oando Japaul
2. Companies just starting up but in a very rewarding sector. (NGX) - Ellah Lakes (New owners)

3. Companies in the resources sector at their exploratory phase and looking to make a discovery. This one na 50-50 but there is a way you trade them - buy early and free-carry before drilling starts. There is usually a SP run just before the drilling campaign starts( Not really on the NGX).
4. Tech/Biotech/Healthcare companies on to the next big thing or working on a novel idea. Very risky this one. Again, learn to free carry before results. (Not NGX).

Disclaimer - My personal stratety will most likely not work for you so please do you own DD and follow advice provided by your financial adviser.

emmanuelewumi:
If there is a cement stock that can do 100% in the next 12 months.

Lafarge Africa is the stock

I agree but needs to shake out weak hands before any upward reversal. My value zone is sub N32…

Lol
Financial planning is analogous to navigation. Knowing your current position and desired destination makes navigation relatively straightforward. However, when either or both of these points are unclear, navigation becomes increasingly challenging.
Be fearful when others are greedy; the short-term outlook for OANDO demands caution from experienced investors. I'm a tortoise investor 🐢, and this approach has grown my local portfolio from N5,000 to over N180 million, excluding dividends, which I often reinvest in Treasury Bills. Many of you may not be aware that OANDO is listed on both the NGX and JSE. Despite the euphoric gains in NGX, OANDO is being sold off in JSE, where one unit in NGX can be exchanged for 2.5 units in JSE. Note that the same OANDO being propped up by brokers in Nigeria is being dumped in JSE. I was happy to have sold OANDO at the right time. When transparency is restored and the navigational outlook is clear, I wouldn't mind buying it at N500 per unit. I purchased SEPLAT at N550 and still hold it in my portfolio. Comparing the local share price of SEPLAT in Nigeria and LSE reveals linear trends, unlike OANDO.
I would be the last to regret exiting OANDO.
Finally, thanks for being a fan.

Owoblowblow:
Oga, I'm one of your fans oo but it seems you were not patience with OandO when you exited. I love you analysis and when you share positive outlook of NGX

@Omooloriredade you are loaded with too much secrets o and you say you no be old man😂

Agbalowomeri:
@Omooloriredade you are loaded with too much secrets o and you say you no be old man😂

I am a young man please. Still learning.

Coolcash1:


I agree but needs to shake out weak hands before any upward reversal. My value zone is sub N32…

We plenty oooooo... I'm equally waiting to do top up at 30 or sub

megawealth01:


We plenty oooooo... I'm equally waiting to do top up at 30 or sub

But there is a new player in the cemet industry (Mangal) and dangcement is increasing its capacity.
That industry go hard small

Owoblowblow:
Oga, I'm one of your fans oo but it seems you were not patience with OandO when you exited. I love you analysis and when you share positive outlook of NGX

One lesson you should learn in this market is REGRET nothing...

The stock market is more of learning how to control your emotions...

As for losses you will make some initially but don't give up... Get up and keep going...
Give yourself to applicable KNOWLEDGE of the books

You are the CAPTAIN of your portfolio...

Mpeace:
But there is a new player in the cemet industry (Mangal) and dangcement is increasing its capacity.
That industry go hard small

We are watching

megawealth01:


We plenty oooooo... I'm equally waiting to do top up at 30 or sub

I took profit somewhere and loaded WAPCO at N37.x this week. I took the decision to buy at whatever price just to get some units and see how it goes over the next twelve months.

If you had watched one of the recent video clips of Alhaji Dangote, you would have picked up on a point where he emphasized his readiness to export cement. He has already built an export terminal in Lagos for this purpose. He also hinted to Nigerians that the export price of cement might be lower than domestic prices. This point underscores the reason Emperor Femi Otedola cited for investing billions of Naira in acquiring shares of Dangote Cement.

Mpeace:
But there is a new player in the cemet industry (Mangal) and dangcement is increasing its capacity.
That industry go hard small

Mankind2024:
If you had watched one of the recent video clips of Alhaji Dangote, you would have picked up on a point where he emphasized his readiness to export cement. He has already built an export terminal in Lagos for this purpose. He also hinted to Nigerians that the export price of cement might be lower than domestic prices. This point underscores the reason Emperor Femi Otedola cited for investing billions of Naira in acquiring shares of Dangote Cement.

Interesting. Why will export price be lower than domestic price for Dangote Cement.?
Perhaps due to further economics of scale by producing more units with the same fixed overheads. Perhaps not. Perhaps ripping off of the local market. Perhaps a mix of both.

Omooloriredade:
Another point I'd like to make is that there is so much diversity in the market. If you went to Oshodi market today, it's not possible that everyone in the market will have the same mindset, strategy, goals, product to buy or sell etc.
There is no one-size fits all strategy in the market. You need to consider demographics, individual goals, environment etc.
An elderly person approaching retirement will be more risk averse than someone just starting off his career.
A high networth individual will be more concerned about capital preservation and stable income than a low income individual seeking a big break.
A trader will be more active in the market than an investor.
Portfolio or position sizing will determine stocks that an individual can trade. It doesn't matter if a stock will double in two months, it's just too illiquid for some to trade. They won't go there.
Some people just need to buy once or twice in a year and sell once or twice the following year. It may appear they are "missing out" when they are not following your own strategy but investing N200m in one or two highly liquid stock at the right season (after corporate actions or usual yearly lows) and selling at just 50% gain the next year is N100m without any dramas.

Believe it or not, some are not even after growth as such again. They are contented with their portfolio size and just want a regular dividend income to meet their needs.

When you understand this, you would respect people's decisions with their portfolios.

Good morning, bnsitl.
Please read, re-read and be guided.

I bet this will go up after release of results.

https://doclib.ngxgroup.com/Financial_NewsDocs/42037_UNITED_BANK_FOR_AFRICA_PLC-UBA_PLC_-_NOTICE_OF_DELAY_IN_PUBLISHING_2024_AUDITED_HY_FS_CORPORATE_ACTIONS_AUGUST_2024.pdf

NOTICE OF DELAY IN PUBLISHING 2024 AUDITED HALF YEAR FINANCIAL STATEMENTS

The Audited Financial Statements will be published upon receipt of the CBN’s approval.

Accordingly, no Director, person discharging managerial responsibility, employee with sensitive information, adviser, and consultant of the Bank and their connected persons may directly or indirectly deal in the Securities (Shares and Bonds) of the Bank during the Closed Period

BabsO2:


I took profit somewhere and loaded WAPCO at N37.x this week. I took the decision to buy at whatever price just to get some units and see how it goes over the next twelve months.

WOW... I always have my entries for dividend paying stocks that are on my radar...

I bought most of my wapco at sub 17

Then started toppingup at sub 30 and that's where I hope it gets to before making bullish trend...

I'm really a very patient INVESTOR although I don't joke with gambling certain stocks for quick bucks that I use for real investments... (I just shared a deep secret free for those that can decode)...

The only lesson I learnt in this market was UCAP, till now I don't have a unit of it but I used to have millions of it that I bought around #2 but sold off at just 50% ROI which I divided to invest in TRANSCORP and their hotel in 2020/2021... The transcorp family really thought me PATIENCE but paying off very handsomely (still PAPER PROFITS) oooooo... I'm still holding them till date

Na that their POWER I never buy because it hasn't gotten to my entry watch/radar

We are watching...

emmanuelewumi:



Who are the emotional people?


We have been having a wonderful conversation in the past.

This simple utterance was from above.

BabsO2:


Interesting. Why will export price be lower than domestic price for Dangote Cement.?
Perhaps due to further economics of scale by producing more units with the same fixed overheads. Perhaps not. Perhaps ripping off of the local market. Perhaps a mix of both.

You didn't listen to the video he was referring to. Try listening to it at 1.5x speed (eh get why). Dangote said it will be cheaper because of global competition. My reasoning is that in Nigeria, due to limited players, companies can set prices more easily. However, in the global market, you have to compete with other companies.

Also, from the video, my deduction is that DS may not even merge this year, as some of the rice mills will be completed later this year according to him. I don't see how a merger can happen without DR starting to make revenue(same as before).

Lol.
Alhaji cited the airline /Aviation sector, and the telecommunication industries as his case study. He referenced Samsung handset price in Korea and Nigeria.
"A brand of Samsung 📱handset is cheaper in Nigeria than in Korea"
"TO INCREASE COMPETITION AT INTERNATIONAL MARKET "

BabsO2:


Interesting. Why will export price be lower than domestic price for Dangote Cement.?
Perhaps due to further economics of scale by producing more units with the same fixed overheads. Perhaps not. Perhaps ripping off of the local market. Perhaps a mix of both.

ositadima1:


You didn't listen to the video he was referring to. Try listening to it at 1.5x speed (eh get why). Dangote said it will be cheaper because of global competition. My reasoning is that in Nigeria, due to limited players, companies can set prices more easily. However, in the global market, you have to compete with other companies.

Also, from the video, my deduction is that DS may not even merge this year, as some of the rice mills will be completed later this year according to him. I don't see how a merger can happen without DR starting to make revenue(same as before).

What's your take... Do you see DS go down more say like sub 30?

If "YES"

What are the factors that can cause that?

NOTE;

I'm heavily in both DS and NS... I'm always looking for opportunities to load more at bargain prices