UBA made investment running into hundreds of millions of dollars in some African countries, unfortunately some of these investments are just struggling to be profitable close to 10 years after investments were made.

Lafarge Wapco spents over $250 million on a cement Business subsidiary in South Africa, unfortunately this business was not profitable for many years. They had to sell the business last year

Looking at the 2019 financial report of Dangcem the East African subsidiaries dragged down the overall performance of the group

emmanuelewumi:
UBA made investment running into hundreds of millions of dollars in some African countries, unfortunately some of these investments are just struggling to be profitable close to 10 years after investments were made.

Lafarge Wapco spents over $250 million on a cement Business subsidiary in South Africa, unfortunately this business was not profitable for many years.

Looking at the 2019 financial report of Dangcem the East African subsidiaries dragged down the overall performance of the group

Foreign investors in Nigeria are also counting their losses as well in some areas


Nigeria is not all that

We dey try

But we are not all that
That's just the truth


Like I keep saying
If I had a big war chest
A sizeable percentage of the money will be abroad looking for opportunities


That's just me

DexterousOne:


Securities Africa?

I'll check them out

Thank you


As for the wild oscillator

That's why it is called the FREE MARKET.


We all know that investor sentiment is one of the key drivers of pricing

That said; we also know that the share price of a company is the present value of expected cashflow/returns to the business


So if the investors believe that the future earning potentials is huge, then they go for it, and it will reflect in the pricing of the stock

150% rise means the investors believe the earning potentials of the business is gonna double over the future

That's just how it is sir

And we all know this


But in Nigeria

Everything scatter scatter

And it get get down to -150% red day next week trading. .....so what has changed?

ukay2:


And it get get down to -150% red day next week trading. .....so what has changed?

A blend of speculations and investor sentiment.


Sometimes all it takes to drive the stock price down so quick is bad news about the company

Like litigation

Or reputation damage

That kind thing

ukay2:


And it get get down to -150% red day next week trading. .....so what has changed?

Some speculative folks in the market could also drive the market


Thaf aside

From my research

Solid companies in America dont swing so violently like that

It's more common with penny stocks

DexterousOne:


A blend of speculations and investor sentiment.


Sometimes all it takes to drive the stock price down so quick is bad news about the company

Like litigation

Or reputation damage

That kind thing

We know....

Is that what you want the Institutional Investors to be doing?

Remember that the funds belong to their shareholders like you and I?

DexterousOne:


Foreign investors in Nigeria are also counting their losses as well in some areas


Nigeria is not all that

We dey try

But we are not all that
That's just the truth


Like I keep saying
If I had a big war chest
A sizeable percentage of the money will be abroad looking for opportunities


That's just me

Can you give examples of such. MTN, Heneiken, Diaego, Actis, Stanbic, Maersk,ShopRite, Broll, Multi Choice, Cadbury, Nestle, Siat etc are all cashing out big time and Nigerian Investors are yet to harness the opportunities that are minting money for these guys

ukay2:


We know....

Is that what you want the Institutional Investors to be doing?

Remember that the funds belong to their shareholders like you and I?

Banks who went out to establish Businesses outside Nigeria for status symbol are closing such offices

Diamond Bank sold their UK Business, UBA closed their New York Business, some banks are closing their branches In some of the African countries because they are not minting money. Some of the their government and workers are gold diggers.

A GTB staff in Liberia sued the bank and the worker was awarded $1 million by the court.


You need to be matured for cross border expansion and should not be for status symbol or for bragging rights.

emmanuelewumi:



Can you give examples of such. MTN, Heneiken, Diaego, Actis, Stanbic, Maersk,ShopRite, Broll, Multi Choice, Cadbury, Nestle, Siat etc are all cashing out big time and Nigerian Investors are yet to harness the opportunities that are minting money for these guys

There are businesses cashing out in east africa and even south africa too.

Even ghana that I go to

A pet project I invested into has grown and I am very impressed with the returns so far.


I was in a discussion with a very good friend of mine

And he was just lamenting
That a very popular hotel chain that invested into Nigeria

They are trying to sell at a loss to get out
(I wont mention their name, but If you look into that direction, you may know the chain)

There goes one of his principal clients

That's just one


When you go to Amuwo, some ot those industrial outfits have folded up due to bad policy plus losses after losses


When you look at The new bike companies

And how useless govt policy snuffed the life out of them

All that money invested is now on sterilization mode, as they cannot make money

These are just few of many that have left


In Ghana, the industrial estate by TV Africa (those who are familiar with ghana will know that place) has a strip filled with businesses that used to be located in Nigeria

I was shocked to see some of them there

And as we speak
Small Ghana is even competing head to head for FDI investment


So like I said

Nigeria is trying and stuff

But Nigeria is not all that

There are always opportunities elsewhere

emmanuelewumi:




Banks who went out to establish Businesses outside Nigeria for status symbol are closing such offices

Diamond Bank sold their UK Business, UBA closed their New York Business, some banks are closing their branches In some of the African countries because they are not minting money. Some of the their government and workers are gold diggers.

A GTB staff in Liberia sued the bank and the worker was awarded $1 million by the court.


You need to be matured for cross border expansion and should not be for status symbol or for bragging rights.

Exactly Sir.

Union Bank plc also sold their UK Business recently

ukay2:


We know....

Is that what you want the Institutional Investors to be doing?

Remember that the funds belong to their shareholders like you and I?

Are you sayin institutional investors should limit their scope to Nigeria?

While investors elsewhere are branching into many countries markets at the same time?


Ray Dalio for example
One man I really respect when it comes to investment, as he runs the biggest hedge fund on the planet is exposed to at least 100 countries at one go.


Nigerians should get cracking and go out there to seek opportunities

Nigeria is just one small piece of the global market

Branch out

emmanuelewumi:




Banks who went out to establish Businesses outside Nigeria for status symbol are closing such offices

Diamond Bank sold their UK Business, UBA closed their New York Business, some banks are closing their branches In some of the African countries because they are not minting money. Some of the their government and workers are gold diggers.

A GTB staff in Liberia sued the bank and the worker was awarded $1 million by the court.


You need to be matured for cross border expansion and should not be for status symbol or for bragging rights.

The ones establishing in Ghana and Ivory Coast are not closing down as of yet.....

It's good to expand

But expansion should not be done recklessly.

It is easy to say that because you are Nigerian. I have seen raw hatred towards Ghana by Nigerians. I know some Ghanaians don’t like Nigerians, but I know there is more hatred toeards Ghana among Nigerians. I once lived in Nigeria, so I know what I am talking about.

DexterousOne:


It's two ways

But I'll say it's worse among Ghanaians (that is the section of them who dont like us)


That's my experience sha

DexterousOne:


Are you sayin institutional investors should limit their scope to Nigeria?

While investors elsewhere are branching into many countries markets at the same time?


Ray Dalio for example
One man I really respect when it comes to investment, as he runs the biggest hedge fund on the planet is exposed to at least 100 countries at one go.


Nigerians should get cracking and go out there to seek opportunities

Nigeria is just one small piece of the global market

Branch out

Am with you Sir

Torture2020:
It is easy to say that because you are Nigerian. I have seen raw hatred towards Ghana by Nigerians. I know some Ghanaians don’t like Nigerians, but I know there is more hatred toeards Ghana among Nigerians. I once lived in Nigeria, so I know what I am talking about.

You are Ghanaian

I thought as much


That renders both of us biased then

I think Its worse with ghanaians against Nigerians based on my experience and what I have seen


You have your own thoughts too

So what we can agree on is this

There are Nigerians who are prejudiced towards Ghanaians

And Ghanaians prejudiced towards Nigerians

DexterousOne:



There are businesses cashing out in east africa and even south africa too.

Even ghana that I go to

A pet project I invested into has grown and I am very impressed with the returns so far.


I was in a discussion with a very good friend of mine

And he was just lamenting
That a very popular hotel chain that invested into Nigeria

They are trying to sell at a loss to get out
(I wont mention their name, but If you look into that direction, you may know the chain)

There goes one of his principal clients

That's just one


When you go to Amuwo, some ot those industrial outfits have folded up due to bad policy plus losses after losses


When you look at The new bike companies

And how useless govt policy snuffed the life out of them

All that money invested is now on sterilization mode, as they cannot make money

These are just few of many that have left


In Ghana, the industrial estate by TV Africa (those who are familiar with ghana will know that place) has a strip filled with businesses that used to be located in Nigeria

I was shocked to see some of them there

And as we speak
Small Ghana is even competing head to head for FDI investment


So like I said

Nigeria is trying and stuff

But Nigeria is not all that

There are always opportunities elsewhere

Michelin and Dunlop will move to Ghana, until we have a deliberate policy to ban importation of tyres into the country and encourage local production of the product In Nigeria.

Thank God for the policy on rice importation, if not during this pandemic without a local substitute a bag of foreign rice must have gone to 50k

ukay2:


Am with you Sir

Lmao

How?

All I'm saying is that there are opportunities everywhere

We should go out there and get a piece of it

emmanuelewumi:



Michelin and Dunlop will move to Ghana, until we have a deliberate policy to ban importation of tyres into the country and encourage local production of the product In Nigeria.

Thank God for the policy on rice importation, if not during this pandemic without a local substitute a bag of foreign rice must have gone to 50k

Mhmm

The rice issue has impressed me so far.

Nigeria can always do better when it comes to policy.

Of course. There are people on both sides who hate each other. Unfortunately, Nigerians always try to make it look as if only Ghanaians hate nigeria. From my personal experience , this is not true. The hatred runs across both sides.

DexterousOne:


You are Ghanaian

I thought as much


That renders both of us biased then

I think Its worse with ghanaians against Nigerians based on my experience and what I have seen


You have your own thoughts too

So what we can agree on is this

There are Nigerians who are prejudiced towards Ghanaians

And Ghanaians prejudiced towards Nigerians

Tiger Brands

emmanuelewumi:



Can you give examples of such. MTN, Heneiken, Diaego, Actis, Stanbic, Maersk,ShopRite, Broll, Multi Choice, Cadbury, Nestle, Siat etc are all cashing out big time and Nigerian Investors are yet to harness the opportunities that are minting money for these guys

Torture2020:
Of course. There are people on both sides who hate each other. Unfortunately, Nigerians always try to make it look as if only Ghanaians hate nigeria. From my personal experience , this is not true. The hatred runs across both sides.

Yea

That said

I really love Accra


I have been to dozens of cities

But accra has a special place in my heart.

Investor friendly country in my opinion

Just that the $250k requirement should not be applicable to Nigerians and other west Africans

That's my only grouse

The Ghanaian CEO of Unilever Nigeria, transferred major production from Agbara to Ghana. Most of the production took place in Ghana for transfer to Nigeria. The closure of the border really exposed his mistakes and prejudice. Unilever made a huge loss in 2019, I learnt the CEO was queried by the core Investor and now replaced because of the biased and strategic mistake the CEO made. Could not justify his N300 million salary

How can your production be far away from the market that produces over 80% of your revenue. The relocation of the production also costs the company huge fund

brandable:
Tiger Brands

Tiger brand needs to understand the Nigerian market, they did not get it right with UAC foods and Dangote Flour.

Tiger is a South African brand that failed to get it right in Nigeria

emmanuelewumi:



Some of us are well diversified into real estate, Treasury Bill, money market funds, FG bonds, corporate bonds, stock market, joint venture projects, personal businesses, real estate etc. I don't see such Investors as been in preservation modes

emmanuelewumi:




Fixed income Investments, real estate or invest in a joint venture project or investment with responsible and successful Investors with track record in such ventures.


Such opportunities can be gotten from asset management firms, investment banking firms and top notch corporate lawyers.

Please, this joint venture projects you talked about, how do one invest into it? Do one just walked into those asset management firms/investment banking firms and asked if they have any of such projects on board that one can invest in.

Satoshi2019:
Mr Phyde pls what's the minimum balance on stanbic max yield. I'm thinking of opening one. Also are there any disadvantages compared to the regular savings account. Thanks

You get additional incentives to save to meet personal targets or expenses.
You earn higher interest on the deposits in your Max Yield account.
Third party deposits and withdrawals by cheques into your Max Yield acocunt at any branch.
Deposit and withdraw cash at any ATM or Stanbic IBTC Personal Deposit Machine.
A flexible maximum cheque deposit value of N2,000,000 per account.
Receive transfers from abroad and locally.
Make payments on the Web and via POS.
Check balance, send money and pay bills via Internet Banking.
Set up direct debits or standing orders for regular bill payments.
Earn interest of 6.2% per annum (subject to CBN-advised MPR) for minimum daily balances of N100,000.
Normal savings rate of 4.2% per annum (subject to CBN-advised MPR) if you withdraw more than once a month or daily account balance is less than N100,000.
Interest has dropped, the bank will advise you more.

brandable:




Please, this joint venture projects you talked about, how do one invest into it? Do one just walked into those asset management firms/investment banking firms and asked if they have any of such projects on board that one can invest in.

You must have been a client, they always mail opportunities to selected clients, who are termed qualified Investors. Joint venture projects usually occur with real estate Investments, and you might not be able to cash before 2 years or more, you must be a High Networth clients before you can be invited for some of these opportunities.

Dangote Refinery is still a private investment, but some High Networth Investors, investment bankers and corporate lawyers etc have already invested in the project before it goes public

Satoshi2019:
Mr Phyde pls what's the minimum balance on stanbic max yield. I'm thinking of opening one. Also are there any disadvantages compared to the regular savings account. Thanks

These are the messages I got last week

So who is Olabode here on Twitter?

I saw your tweets.

Well understood, thanks.

emmanuelewumi:



You must have been a client, they always mail opportunities to selected clients, who are termed qualified Investors. Joint venture projects usually occur with real estate Investments, and you might not be able to cash before 2 years or more, you must be a High Networth clients before you can be invited for some of these opportunities.

Dangote Refinery is still a private investment, but some High Networth Investors, investment bankers and corporate lawyers etc have already invested in the project before it goes public

emmanuelewumi:



You must have been a client, they always mail opportunities to selected clients, who are termed qualified Investors. Joint venture projects usually occur with real estate Investments, and you might not be able to cash before 2 years or more, you must be a High Networth clients before you can be invited for some of these opportunities.

Dangote Refinery is still a private investment, but some High Networth Investors, investment bankers and corporate lawyers etc have already invested in the project before it goes public

What's the definition of a high net worth individual according to them?
Pls give a figure

I want to compare something

CsRockefeller:
So who is Olabode here on Twitter?

I saw your tweets.

You care to share the tweets here?

DexterousOne:


What's the definition of a high net worth individual according to them?
Pls give a figure

I want to compare something

It used to be a minimum of N300 million

It was reviewed downward by SEC Nigeria about 4 years ago, you have a minimum of N100 million in liquid assets eg Treasury Bills, money market funds, corporate bonds, FG bonds and and stock market. It doesn't include your cars, gold, land or house.


Those who invested in the Refinery are super High Networth Investors, they might have Invested a minimum of $5 million