omohz:


experience is a bitter form of teaching

Makes it the truest...

omohz:


experience is a bitter form of teaching

You can never forget the knowledge and lesson, learnt from experience

Experience taught me that I should run away from any Investment that will be managed by another person or organization that will give me a monthly return of 10% and above per month or 120% to 200% per annum.

emmanuelewumi:
Experience taught me that I should run away from any Investment that will be managed by another person or organization that will give me a monthly return of 10% and above per month or 120% to 200% per annum.

but NTbills was given 18% even FG saving bonds was giving above 10%

Pascopele:
but NTbills was given 18% even FG saving bonds was giving above 10%

Read again.

10% and above per month or 120% and above per annum

Your original point implied that there are no profitable airlines in the world and you were proven very wrong. I think you should just accept that you were wrong and move on. You don’t have to keep widening the goal post to come across as an expert that is never wrong. We are all here to learn and exchange ideas and nobody can claim to know it all.

emmanuelewumi:
The top ten Airlines in world in terms of revenue, profit and assets as at 31st December 2019. Figure in billion of dollars

Airlines. Revenue. Profit. Asset

Delta. 45. 4. 62


American. 44. 1.4. 60
Air


Lufthansa. 42. 2.6. 44

United 42. 2.3. 50
Air


Air France. 31. 0.5. 33



SouttWest. 22. 2.5. 27
Air


IAG. 27. 2.5. 32


China. 22. 0.5. 36
South
Airlines

All Nippon 18. 0.9. 23


Check out the conversion of revenue to profit.


Check out the returns on assets

Experience runs a very expensive school but fools will learn in no other way

omohz:


experience is a bitter form of teaching

Some people genuinely come here for investment advice. However, a lot of people come here to fly different funny investment believing some people most fall victim.

Ethiopia Airlines does not benefit from government subsidies. The airline is able to stay profitable because of its efficiency and low cost base (cheap labour and cheap financing costs) when compared to it’s competitors’. Do you know that the airline is 100 percent owned by the government? One shareholder with a net profit of USD300m is better than a million shareholders with USD1 billion net profit. At the end of the day, it is not just about the profits (the government doesn’t receive the dividends but re-invests the entire net profit in growing the company) but do you know how many jobs the airline has created for young people and even women in Ethiopia? Massive. Let’s not even talk about the tourist revenue that the airline has made possible not just for Ethiopia but the entire East Africa. Ethiopian Airline’s business model is not being used as a case study by other international airlines for nothing. As Africans, we should be commending them for what they are doing with their own resources as a closed economy. Imagine where they will be when they open up completely to international investors?

emmanuelewumi:



Almost 80 years old and the most profitable airline in Africa with a profit after tax of almost $200 million. Not sure if they are capitalist or Marxist in Ethiopia. If they are Marxist , you can be very sure of government support

What is percentage of the profitable ones in Africa, compared to most that are still struggling.


There is a reason why Warren Buffet will rather invest in an Aeroplane manufacturing business, rather than in an Airline business

freeman67:
Some people genuinely come here for investment advice. However, a lot of people come here to fly different funny investment believing some people most fall victim.

Please explain? Give examples of the funny Investments

Stocktrader:


Here in Norway,there was a time my funds was all tied down, I could easily get loan from banks but I decided crowdfunding to get the money, €150,000 , funny enough do you know what the money is for?
To export Stock Fish. I got this funds within 48 hours and made profits of 110k in it, I took 40% and other contributors shared the rest. This is a country that works.

If you don't mind me asking, why did you stop the export business?

GhostderGeist:

Makes it the truest...

Smart people learn from the experience of others

Lazyyouth4u:
Your original point implied that there are no profitable airlines in the world and you were proven very wrong. I think you should just accept that you were wrong and move on. You don’t have to keep widening the goal post to come across as an expert that is never wrong. We are all here to learn and exchange ideas and nobody can claim to know it all.

You don't seem to know the meaning of been profitable.

When the profit margin is lesser than the inflation rate and lending rate, will you say such business is profitable?

emmanuelewumi:



Reason it is not among the top 10 Investments destinations.

Return on asset of 2% is dismal, Nestle Nigeria has about 60%

What is Nestle Nigeria total assets? Can Nestle Nigeria turn profits of 60% on Delta Airlines assets if given?

Let me tell you this, in investment capitals, the higher the money invested , the lower the risk and return of profits, but within a decade, such investment could be 5 times it worth before, this is worth you should know, please don't ever use nestle Nigeria to compare American airlines in terms of business, it's just laughable.

Nigsrdumb:


If you don't mind me asking, why did you stop the export business?

I did not stop, I still export to Nigeria and do export to Carrabian Islands, Gabon, and some parts of Asia.

emmanuelewumi:



Smart people learn from the experience of others

100%

Meanwhile, good judgment comes from experience. Experience... well, that comes from bad judgement.

emmanuelewumi:



Almost 80 years old and the most profitable airline in Africa with a profit after tax of almost $200 million. Not sure if they are capitalist or Marxist in Ethiopia. If they are Marxist , you can be very sure of government support

What is percentage of the profitable ones in Africa, compared to most that are still struggling.


There is a reason why Warren Buffet will rather invest in an Aeroplane manufacturing business, rather than in an Airline business

Warren Buffett invested heavily in airline stocks before pulling out his funds earlier this year

Please what is the dollar rate as at today (black Market).

Pakele09:
Please what is the dollar rate as at today (black Market).

445.
Shebi I told them,them say I be illiterate
I think say them say today CBN go make 1naira=1dollar?

Pascopele:
DON'T MY UNCLE IS REGRETTING.

Thanks so much, I really appreciate

TransAtlanticEx:
445. Shebi I told them,them say I be illiterate I think say them say today CBN go make 1naira=1dollar?

Nawaooooo 445.even with the CBN intervention.

Pakele09:


Nawaooooo 445.even with the CBN intervention.

Yes.

STNWAUME:


Argue with him at your own peril

Imagine someone comparing Nestle Nigeria profit margin with that of Delta airline.

Whereas the NSE total market capitalisation is not upto 2% of APPLE market capitalisation.

One day he might be fortunate enough to travel out so him can experience the other side of life.

I believe that our comrade is not well enlightened, so I'm very much here to counter any misinformation from him.
I have all the whole time in the world to reply him, I'm a Seasoned Investor, Stock Trader, Businessman in terms of Exporting, Analysts for Banks, Former Airline pilot. As I'm typing, my business is making profits, so it will be fun enlightening anyone that is not enlightened.

Stocktrader:


I believe that our comrade is not well enlightened, so I'm very much here to counter any misinformation from him.
I have all the whole time in the world to reply him, I'm a Seasoned Investor, Stock Trader, Businessman in terms of Exporting, Analysts for Banks, Former Airline pilot. As I'm typing, my business is making profits, so it will be fun enlightening anyone that is not enlightened.

Odogwu!
Do giveaway na baba,country hard ooo..
All this money is too much for one man.

TransAtlanticEx:
Odogwu!
Do giveaway na baba,country hard ooo..
All this money is too much for one man.

Lolz, My brother I suffered to be where I'm today, I was not burn with a silverspoon

Stocktrader:


I believe that our comrade is not well enlightened, so I'm very much here to counter any misinformation from him.
I have all the whole time in the world to reply him, I'm a Seasoned Investor, Stock Trader, Businessman in terms of Exporting, Analysts for Banks, Former Airline pilot. As I'm typing, my business is making profits, so it will be fun enlightening anyone that is not enlightened.

Enlighten us on the stockfish export business.

Stocktrader:


Lolz, My brother I suffered to be where I'm today, I was not burn with a silverspoon

Just say you no want give or you no get .
The biggest philanthropists worldwide are noveau-riche,not old money or Empire people.
Nobody go kill you.

Nigsrdumb:


Enlighten us on the stockfish export business.

What enlightenment do you need again?
1)Have plenty money because that thing is very expensive.
2)Go Scandinavia countries especially Norway.
3)load container and bring to Nigeria.
4) Go to aba and open shop like the rest of your compatriots,the likes of Chidinma Ekile's father(JUMBO) in Aba and battle it out with them to sell.
Goodluck!

TransAtlanticEx:
Just say you no want give or you no get .
The biggest philanthropists worldwide are noveau-riche,not old money or Empire people.
Nobody go kill you.

Hahahaha , I dey give wella for charity for my community for Norway. Mask for my community here, Na me import am free of charge and still stay anonymous.