emmanuelewumi:



Who does that? Sold your house for 200m and borrowed additional 400 million.

A greedy man !

locodemy:


Then how many is their total OS oga mi?

wanaj0:


Haba!!!!!!

million i mean boss

Yayira:
such a person can kill for money.. Please let him continue to rest in peace

emmanuelewumi:



Who does that? Sold your house for 200m and borrowed additional 400 million.

Nothing strange about it. He was taking a margin loan most likely. He use his N200m to get a margin loan of N200m so invested N600m in the Capital Market with the expectation of 100% returns within a short time thus having N1.2bn. He will now return the N400m with interest and still have his N800m left!

The money to be made was attractive so it will be 'stupid' not to put all his all into it.

He paid expensive tuition fee!

who see our oga agba today?

currentprice:


when my oga Agba just told us few days ago that if he have N200m next na to retire

tritritri:


U got a private mail. My profit in df alone 2017 was 40M and not to talk of ds or fbnh and nestle and co . and my total lose was about 12M till date.

I know I escorted some of you to NSE but please you people should not rob it on my face. 40 WAT ?!

Tolktob:


A greedy man !

How is he different from someone who has 200k and borrowed N400k to invest in the capital market.

What do you think is drawing people to the market now expecting 5% gain everyday?

Anyway, it is a matter of time before we revisit some posts here.

Please dear friends, I have some questions on Oando, and seriously needed an answer.

When will Oando forensic audit commence?, or has the audit commence already?
If yes, how long will it take, i.e, how many weeks or months. If after the audit, the findings indicate administrative wrong doing, please what will be the fate of the current management, and what will be its effect on the Oando share price, north or south movement?

These days, I see Oando share market movement, some times on full bid, after a while it will be on fully heavy offer.
Who is biding and who is offloading?

Yayira:
mee too sir I humbly apply for the position of cook. I sabi cook shito, Waakye and kenkey. @ Tritritri

Yari, they cant pay your salary. They are still waiting Diamond bank and Transcorp to triple in profit. Guys here are very stingy. Only pa Emma i trust and fxuser too

not 5 but 10% sir!

wanaj0:


How is he different from someone who has 200k and borrowed N400k to invest in the capital market.

What do you think is drawing people to the market now expecting 5% gain everyday?

Anyway, it is a matter of time before we revisit some posts here.

Investnow2017:


My oga thank you. If i hv 200m why go borrow if not propelled by satanic greed. Maybe he had a doll for a wife

With 200m, I can borrow additional 200 million but not 400 million.

Yayira:
I know I escorted some of you to NSE but please you people should not rob it on my face. 40 WAT ?!

Chibuking81:
Please dear friends, I have some questions on Oando, and seriously needed an answer.

When will Oando forensic audit commence?, or has the audit commence already?
If yes, how long will it take, i.e, how many weeks or months. If after the audit, the findings indicate administrative wrong doing, please what will be the fate of the current management, and what will be the effect on the Oando share price, north or south movement?

These days, I see Oando share market movement, some times on full bid, after a while it will be on fully heavy offer.
Who is biding and who is

I always suspect Fulani herdsmen at work. Seriously it will take a while for the cloud to clear. Too many intrigues involved. It may well outlive this regime unless there is a return in which case no one is begging again for a re-election. I am somewhat close to one of the big guys involved in what has led to its present circumstance. I may be wrong.

Deadlytruth:


Very well said.
All through that bullish 2007/2008 session of the mammoth bull I initially fancied the idea of taking one of the subprime loans being offered by quoted banks. However I got permanently dissuaded about those loans when a close friend of mine who was a Resident Internal Control Officer in First Bank took me to the manager of one of the branches he covered. Of all the very unfriendly conditions of the loan as reeled out by that manager, the one which saw me using the exit door of his office was that I must use the loan to buy only his bank's shares and that my CSCS account will remain frozen until I finished paying up. I did not need being told that only pure greed could make anyone accept such terms.
And lo and behold, less than 12 months later the meltdown arrived and the his bank's share price fell to one eight of the price I would have bought with that loan with my account frozen until I paid up.

Na wa ooh...Of what joy is life without risk and reward and lesson ?

Chibuking81:
Please dear friends, I have some questions on Oando, and seriously needed an answer.

When will Oando forensic audit commence?, or has the audit commence already?
If yes, how long will it take, i.e, how many weeks or months. If after the audit, the findings indicate administrative wrong doing, please what will be the fate of the current management, and what will be its effect on the Oando share price, north or south movement?

These days, I see Oando share market movement, some times on full bid, after a while it will be on fully heavy offer.
Who is biding and who is offloading?

Oga Chibu, the coast is dirty for now...and full of manipulations in order to force innocent judgement against the wishes of majority of Oando’s shareholders. Don’t touch for now until everything looks normal. It is a stock to watch but not at the moment. All the best!

Yayira:
mee too sir I humbly apply for the position of cook. I sabi cook shito, Waakye and kenkey. @ Tritritri

Let me too quickly apply for assistant gate man.

Yayira:
mee too sir I humbly apply for the position of cook. I sabi cook shito, Waakye and kenkey. @ Tritritri

To the bolded
...Whatever this means. ...Abeg I no go eat. ...My belle don full already.

Investnow2017:


I always suspect Fulani herdsmen at work. Seriously it will take a while for the cloud to clear. Too many intrigues involved. It may well outlive this regime unless there is a return in which case no one is begging again for a re-election. I am somewhat close to one of the big guys involved in what has led to its present circumstance. I may be wrong.

Government should allow this current bull to continue, they should not bring politics in to it.
At least, every part of federation are benefiting from the current bull. They should not starve their perceived political opponent of fund, by punishing the companies they have stake in.

On Oando, they would have been far better, has it been that they didn't go for ConocoPhillips oil deal.
By now, they would have been above #40 per a share.

I

Chibuking81:


Please don't sell your car, use only the money you can afford to lose.

Before 2008 economy melt down, some sold off their four story building, some their estate, in order to buy share.
I know of one man who uses his property worth about 2 hundred million, with influence of his banker friend manipulated and borrowed 4 hundred million from the bank, within a shot period of time, the law of diminishing return set in, which brought about economy melt down in 2008. The share worth of what he bought with that 4 hundred million, was not up to 80 million naira, the man developed high blood pressure and died.

Because, bank came after him, when he fail to pay them as agreed, bank seized all his property, which
was not up to what he owes them, thereafter, his debt keep on increasing, due to debt service charge.

But has it been that he uses the money he can afford to lose, by now he will had recovered.

If one uses the investors mindset to approach the market, whether bull or bear, he or she will not check, because he/she will be on the safer side . Even when you borrow to invest, make sure you have other source to pay bank, should in case the investment goes bad.

A retired Sales Representative sold his house( a block of 4 units of 3 bedroom apartment) at Ketu Lagos for N2 million because of tenants wahala, failure to pay rent etc. This happened in 1999, not long when Obasanjo came to power.

And used the money to buy more stocks of the company he worked for and just retired from.
Nestle was between N19 and N20, in 1999 and 2000.

Deadlytruth:


Let me too quickly apply for assistant gate man.

...And I join u in applying for the position of chief accountant/treasurer.

emmanuelewumi:
I

A retired Sales Representative sold his house( a block of 4 units of 3 bedroom apartment) at Ketu Lagos for N2 million because of tenants wahala, failure to pay rent etc. This happened in 1999, not long when Obasanjo came to power.

And used the money to buy more stocks of the company he worked for and just retired from.
Nestle was between N19 and N20, in 1999 and 2000.

Sir he might have sold at 50 naira or 70 naira.

tritritri:



Na wa ooh...Of what joy is life without risk and reward and lesson ?

Certain risks are not worth taking for how obviously they represent traps. Of what joy is a life which involves taking a risk that could elicit terminal ailment?
Meanwhile I have submitted to Yayira an application as assistant gate man to your palace.

Chibuking81:


Please don't sell your car, use only the money you can afford to lose.

Before 2008 economy melt down, some sold off their four story building, some their estate, in order to buy share.
I know of one man who uses his property worth about 2 hundred million, with influence of his banker friend manipulated and borrowed 4 hundred million from the bank, within a shot period of time, the law of diminishing return set in, which brought about economy melt down in 2008. The share worth of what he bought with that 4 hundred million, was not up to 80 million naira, the man developed high blood pressure and died.

Because, bank came after him, when he fail to pay them as agreed, bank seized all his property, which
was not up to what he owes them, thereafter, his debt keep on increasing, due to debt service charge.

But has it been that he uses the money he can afford to lose, by now he will had recovered.

If one uses the investors mindset to approach the market, whether bull or bear, he or she will not check, because he/she will be on the safer side . Even when you borrow to invest, make sure you have other source to pay bank, should in case the investment goes bad.

There wont be bull if everybody is using monies they can afford to lose

currentprice:


do u think something happen to UBA as well? Uba traded 69b unit toady

Funny... CP, I go blow you head knock!

You know that some stock do pari passu in terms of price increase/decrease. I believe UBA/ACCESS are currently playing same.

Just the same way we had Fidelity/FCMB/Diamond playing their catch up game.

The thing about Access Bank is that if "that" seller had held back his/her/their shares for just 2/3 trading days, the shares will be sold at an additional N3.... But seriously needs to offload immediately and never gets done with it.

Remember how Diamond Bank shares were offloaded last year. They couldn't get a cross deal partner, they proceeded to float the shares at N1.00 and everything was done within a matter of days. And there was no bull then.

Maybe part of what has made it difficult for Access Bank is the fact that no institutional investor with deep pockets is looking their way. I hope there will be fresh news soon that will attract them.

Meanwhile we keep watching the stock for another round of cico.

emmanuelewumi:
I

A retired Sales Representative sold his house( a block of 4 units of 3 bedroom apartment) at Ketu Lagos for N2 million because of tenants wahala, failure to pay rent etc. This happened in 1999, not long when Obasanjo came to power.

And used the money to buy more stocks of the company he worked for and just retired from.
Nestle was between N19 and N20, in 1999 and 2000.

Chaii God oo !! ...see ROI loot.
...And how much that investment go come be now?

onegentleguy:


...And I join u in applying for the position of chief accountant/treasurer.

I will double as such.

Deadlytruth:

Certain risks are not worth taking for how obviously they represent traps. Of what joy is a life which involves taking a risk that could elicit terminal ailment?
Meanwhile I have submitted to Yayira an application as assistant gate man to your palace.

mee that my application is still pending

Deadlytruth:

Certain risks are not worth taking for how obviously they represent traps. Of what joy is a life which involves taking a risk that could elicit terminal ailment?
Meanwhile I have submitted to Yayira an application as assistant gate man to your palace.

well calculated Risk + appropriate fund allocation helps.

onegentleguy:

To the bolded
...Whatever this means. ...Abeg I no go eat. ...My belle don full already.

emmanuelewumi:
I

A retired Sales Representative sold his house( a block of 4 units of 3 bedroom apartment) at Ketu Lagos for N2 million because of tenants wahala, failure to pay rent etc. This happened in 1999, not long when Obasanjo came to power.

And used the money to buy more stocks of the company he worked for and just retired from.
Nestle was between N19 and N20, in 1999 and 2000.

N2 million would buy 100,000 in 1999.

Bonus of 1 for 4 was given in 2003

1 for 4 was given in 2007

1 for 5 was given in 2011.

Making the initial 100k units in 1999 to have grown to 187k units in 2018..

With a market value of about N280 million.

Did he make a mistake by selling his house? I don't think so.

I equally sold an uncompleted property in Ogun state to invest in the market.

.

emmanuelewumi:
I

A retired Sales Representative sold his house( a block of 4 units of 3 bedroom apartment) at Ketu Lagos for N2 million because of tenants wahala, failure to pay rent etc. This happened in 1999, not long when Obasanjo came to power.

And used the money to buy more stocks of the company he worked for and just retired from.
Nestle was between N19 and N20, in 1999 and 2000.

That's good.

What if the same man worked in Dunlop company, and invested all the money in Dunlop share?

People's stars differs, the good part of it is that, the said man uses the proceed of the sales from his
business house, and I know that he didn't sell his residential house.
The dividend he has been receiving, replaces the rent he collects from his tenants.

That's good idea, and I loved the man's idea, to invest, not because of the bull, but for the purpose of long term, and returns from the investment