emmanuelewumi:



I invest for cash flow, United Capital at 90k showed the possible of paying a dividend of 15k which is a dividend yield of 16% assuming half of the profit will be paid as dividend although it eventually paid 20k.


I advised people to accumulate APR and United Capital on SMN, when the businesses were spun off from UBA.


Also good to have good risk management strategy, be diversified, invest for cash flow, capital appreciation is just the icing on the cake. Investing for cash flow gives the staying power, peace of mind and the resources to buy good businesses, Investments and assets at huge discounts during the long bear market


I believe I make money when I buy, the one to be made when I sell is speculative, secondary and not certain

sir at this moment which company listed on the nse has this kind of possibility in the future/

Now talk had shifted to AIG, I have noticed that he has been steDily buying up wapic insurance shares at sub #1 mostly below 50k


What could he be up to

emmanuelewumi:


Tunde Folawiyo is a major shareholder of both Access bank and MTN. His father's bank Marina International Bank merged with Access, since then he became a director of Access. The current head office of Coronation Merchant Bank was the head office of Marina International Bank

Now, you agree that AIG is not the current chairman of Coronation Merchant Bank.

One more thing to correct Sir, I figured AIG is also not the current chairman of Coronation Insurance PLC. It is Mutiu Sunmonu. AIG retired as the board chairman of Coronation Insurance Plc (formerly Wapic Insurance Plc) earlier this year.

tnota:


Now, you agree that AIG is not the current chairman of Coronation Merchant Bank.

One more thing to correct Sir, I figured AIG is also not the current chairman of Coronation Insurance PLC. It is Mutiu Sunmonu. AIG retired as the board chairman of Coronation Insurance Plc (formerly Wapic Insurance Plc) earlier this year.

Aig’s key focus now is on Coronation Capital. His private equity investments business.

tnota:


Now, you agree that AIG is not the current chairman of Coronation Merchant Bank.

One more thing to correct Sir, I figured AIG is also not the current chairman of Coronation Insurance PLC. It is Mutiu Sunmonu. AIG retired as the board chairman of Coronation Insurance Plc (formerly Wapic Insurance Plc) earlier this year.

He just stepped down, I guess he just stepped as the chairman of Coronation Merchant Bank also.

As at the AGM of WAPIC insurance now Coronation Insurance in 2019, he was the chairman of the company.

I won't be surprised if he is appointed as the chairman of Access in 2021

emmanuelewumi:



He just stepped down, I guess he just stepped as the chairman of Coronation Merchant Bank also.

As at the AGM of WAPIC insurance now Coronation Insurance in 2019, he was the chairman of the company.

I won't be surprised if he is appointed as the chairman of Access in 2021

No Sir. Tunde Folawiyo has been the chairman of coronation merchant bank as far back as 2015.

maishai:
Now talk had shifted to AIG, I have noticed that he has been steDily buying up wapic insurance shares at sub #1 mostly below 50k


What could he be up to

This is old. And it must have been connected to the rights issue by WAPIC to raise funds to recapitalize as mandated by NAICOM. Maybe it was him just trying to maintain his majority shares and control of the company after the rights issue. Who knows. By the way, WAPIC is now Coronation Insurance.

tnota:


No Sir. Tunde Folawiyo has been the chairman of coronation merchant bank as far back as 2015.

Thank you

emmanuelewumi:



Thank you

You're welcome, Sir.

Manwarrior55:


Very true. I also noticed that Gtbank has been cutting operating cost by taking turns on branches to open weekly. They used the looting/protest as an excuse but I think there’s more to it.

You are right.

emmanuelewumi:



They are the best cost managers and will always get the job done. I remember few years ago when Airtel sacked Nigerian engineers and replaced them with Indian engineers for 75% of what the company paid Nigerian engineers. The company took the decision when the Nigerian engineers asked for a pay increase, even though the company was struggling with profitablity and bank loans.

The sum of N400 million was also discovered in the account of a Nigerian engineer with MTN some years ago, a sum that was equivalent to his salary for 20 years or more. Although he had barely spent 10 years in the company

The fear of Nigerian workers is the beginning of wisdom, we are not different from our political leaders

Yes they are the best managers, but very heartless. Cowbell and Chivita that was bought by Coca-Cola which the owner has ventured into banking (Titan Bank) are ones and managed by Indians

ultron12345:
The Lebanese are trooping into Nigeria and Africa in search of opportunity

https://www.nairaland.com/6285973/lebanese-flee-crisis-home-seek

While our people go in the reverse direction to become sex-slaves

The. coming has is good as bad side

Lazyyouth4u:


Tony and Jim don’t need to do anything to continue running UBA and Zenith. They have been running these banks and calling the shots from their homes since they left and will continue to do so until they die or decide to retire. All the CEOs that came after them are simply figure heads handpicked by these men to keep CBN happy.

God bless you.

lavylilly:
Yes they are the best managers, but very heartless. Cowbell and Chivita that was bought by Coca-Cola which the owner has ventured into banking (Titan Bank) are ones and managed by Indians

Business is ruthless, business only give back to the society through community and social responsibility.

Non for profit organization can decide to be very kind.


Indians must be doing something right and have certain values for them to have all these high profile jobs as CEOs of the listed global brands and building family businesses that have been operating for close to 100 years in Nigeria and the businesses are growing from generation to generation.

Wao... Many of these are fortune 500 companies

emmanuelewumi:



Business is ruthless, business only give back to the society through community and social responsibility.

Non for profit organization can decide to be very kind.


Indians must be doing something right and have certain values for them to have all these high profile jobs as CEOs of the listed global brands and building family businesses that have been operating for close to 100 years in Nigeria and the businesses are growing from generation to generation.

If you want to know and understand why Indians are preferred to head big businesses and corporations around the world, try to learn more about HINDUISM their main religion. In Hinduism, truth and honesty is timeless, infinite and unique.

Even in Japan where Shinto is their main religion, they are even more honest and truthful in handling businesses.

I always wonder and ponder what really happened to Christianity and Islam in Africa and Nigeria in particular.

emmanuelewumi:



Business is ruthless, business only give back to the society through community and social responsibility.

Non for profit organization can decide to be very kind.


Indians must be doing something right and have certain values for them to have all these high profile jobs as CEOs of the listed global brands and building family businesses that have been operating for close to 100 years in Nigeria and the businesses are growing from generation to generation.

This is why
1. Their catch phrase is dominance, they go to any country to dominate and rule. They rent a property from you as a single man but go back to the property in six months time, you will see four of their generations there i.e grand father, father, wife and children.
2. They have a young population that are IT enthusiasts.
3. They are open to relocating to any country even if you offer them peanuts as salary so long as it's better than Indian minimum wage, they know they are going there to build generational wealth not live on salary.
4. They learn tricks of your country coupled with their tricks which makes them look like genius.
5. Their honesty is 5 out of 10.

emmanuelewumi:



Business is ruthless, business only give back to the society through community and social responsibility.

Non for profit organization can decide to be very kind.


Indians must be doing something right and have certain values for them to have all these high profile jobs as CEOs of the listed global brands and building family businesses that have been operating for close to 100 years in Nigeria and the businesses are growing from generation to generation.

Comeandcollect:
This is why
1. Their catch phrase is dominance, they go to any country to dominate and rule. They rent a property from you as a single man but go back to the property in six months time, you will see four of their generations there i.e grand father, father, wife and children.
2. They have a young population that are IT enthusiasts.
3. They are open to relocating to any country even if you offer them peanuts as salary so long as it's better than Indian minimum wage, they know they are going there to build generational wealth not live on salary.
4. They learn tricks of your country coupled with their tricks which makes them look like genius.

It all sums up to one thing.....
They are HARD WORKING and LONG TERM in focus and thinking
Two aspects black men are VERY VERY HANDICAPPED IN.

Donbrig:
If you want to know and understand why Indians are preferred to head big businesses and corporations around the world, try to learn more about HINDUISM their main religion. In Hinduism, truth and honesty is timeless, infinite and unique.

Even in Japan where Shinto is their main religion, they are even more honest and truthful in handling businesses.

I always wonder and ponder what really happened to Christianity and Islam in Africa and Nigeria in particular.

Its a sham and a fraud
They are going to church or mosque
Yet do not have godly spirit in them
It's all for show
No substance

Donbrig:
If you want to know and understand why Indians are preferred to head big businesses and corporations around the world, try to learn more about HINDUISM their main religion. In Hinduism, truth and honesty is timeless, infinite and unique.

Even in Japan where Shinto is their main religion, they are even more honest and truthful in handling businesses.

I always wonder and ponder what really happened to Christianity and Islam in Africa and Nigeria in particular.

I know it has a lot to do with their value system, they came to Nigeria about 90 years to 100 years ago, as traders, mechanics, technicians, capenters, bricklayers owning their small businesses, but 90 years after their grandchildren and great grand children have turned their family businesses to multi billion Naira enterprises.

Unlike Nigerian owned family businesses that die with the founders.

A man who is not a slave to materialism, consumerism it pleasures will go far in life
A group of people who are not slaves to these will do wonders.
And to a large degree
These indians we look at with admiration are less consumed in these things
Not totally absolved from it
But they are less consumed in it

DexterousOne:

It all sums up to one thing.....
They are HARD WORKING and LONG TERM in focus and thinking
Two aspects black men are VERY VERY HANDICAPPED IN.

More like it, delayed gratification is alien to us. We don't believe in slow and steady.


They are also very prudent

emmanuelewumi:



More like it, delayed gratification is alien to us. We don't believe in slow and steady.


They are also very prudent

Imagine o
Indian and Nigerian immigrant will enter Canada today

The indian man is renting apartment with two other indians
While the savings in rent is being invested in an index fund, month in month out

The Nigerian man comes to canada, and is thinking of building useless house in Nigeria, or attending party , or splurging on nonsense

Twenty years after
The descendants of that Indian is already set up for an advantage because as teenagers, the funds their father has invested in, or the small business they have starred has grown
They can go to uni debt free and face life and build on what their father has started

Twenty years later
The Nigerian has nothing to show for it
Than useless Aso oke, a decrepit house in Nigeria (maybe ) and other useless things

That addition to dopamine destroys us as a people

emmanuelewumi:



More like it, delayed gratification is alien to us. We don't believe in slow and steady.


They are also very prudent

And very intelligent.

emmanuelewumi:



Business is ruthless, business only give back to the society through community and social responsibility.

Non for profit organization can decide to be very kind.


Indians must be doing something right and have certain values for them to have all these high profile jobs as CEOs of the listed global brands and building family businesses that have been operating for close to 100 years in Nigeria and the businesses are growing from generation to generation.

Don’t forget there are close to 1.4 billion Indians in a world with 7 billion people. Just imagine a tiny percentage of that huge population studying at top American schools and getting employed at top global firms. Chances are that you will find a few of them rising to CEO level. The same way we find more Nigerians doing well abroad compared to other Africans. Population.

But Indians are resilient and can adapt to any environment. India is as chaotic and as corrupt as Nigeria. If they can survive and thrive in business in those harsh conditions, they can survive and thrive in business anywhere in the world.

Lazyyouth4u:

Don’t forget there are close to 1.5 billion Indians in a world with 7 billion people. Just imagine a tiny percentage of that huge population studying at top American schools and getting employed at top global firms. Chances are that you will find a few of them rising to CEO level. The same way we find more Nigerians doing well abroad compared to other Africans. Population.

But they are resilient and can adapt to any environment. India is as chaotic and as corrupt as Nigeria. If they can survive and thrive in business in those harsh conditions, they can survive and thrive anywhere in the world.

Are you sure we have 1.5 billion indians in the world, Chinese are the most populous people and I doubt if they are up 1.5 billion

DexterousOne:

Imagine o
Indian and Nigerian immigrant will enter Canada today

The indian man is renting apartment with two other indians
While the savings in rent is being invested in an index fund, month in month out

The Nigerian man comes to canada, and is thinking of building useless house in Nigeria, or attending party , or splurging on nonsense

Twenty years after
The descendants of that Indian is already set up for an advantage because as teenagers, the funds their father has invested in, or the small business they have starred has grown
They can go to uni debt free and face life and build on what their father has started

Twenty years later
The Nigerian has nothing to show for it
Than useless Aso oke, a decrepit house in Nigeria (maybe ) and other useless things

That addition to dopamine destroys us as a people

Brah you can generalise

DexterousOne:

It all sums up to one thing.....
They are HARD WORKING and LONG TERM in focus and thinking
Two aspects black men are VERY VERY HANDICAPPED IN.

lol, Indians are some of the worst people around, stop with the accolades. Yes their people are highly tech savvy and that’s why they head most of the blue chip tech companies in the US, especially software companies but that’s just that.
If Indians are as good as you guys are saying why are they still poor and undeveloped, unlike say China. Why haven’t they applied their ingenuity to their country, besides with such huge population, it a tiny group of their population are making waves then no special thing about it. We also have Nigerians making waves abroad

chigo4u:

lol, Indians are some of the worst people around, stop with the accolades. Yes their people are highly tech savvy and that’s why they head most of the blue chip tech companies in the US, especially software companies but that’s just that.
If Indians are as good as you guys are saying why are they still poor and undeveloped, unlike say China. Why haven’t they applied their ingenuity to their country, besides with such huge population, it a tiny group of their population are making waves then no special thing about it. We also have Nigerians making waves abroad

I have related on a personal level with quite a number of them
I know what I am saying....
I also knew the indian manager that turned around the business of Liyel Imoke's wife around
A business that her relative(s) wan use as personal ATM
Let me not say more than that
From a soon to be bankrupt business, to a thriving one again
We relate one on one, though he is back to india, we still talk.

I know what I am saying
Those guys are ahead of us
Though if you want to talk about social awkwardness, that's another story on its ow n

But when you talk of hard work
And building legacy businesses, both in india and abroad
Dont even go there
They beat us HANDS DOWN
They have their own "Silicon Valley" which we can call Bangalore
And please; dont compare Bamgalore with that joke we call "computer village" which Is for the most part, a den of pirates and criminals looking for who to swindle
On the entertainment side, I think it's a tie between India and Nigeria
But when it comes to solid businesses
Forget

They have Tata
Where is our equivalent
In britain
Eleven richest Britons
4 to 5 are of Indian origin
Their "The Chancellor of the Exchequer " is of Indian origin
Go and read up his profile, that of his wife, and his father in law, and compare him with any Nigerian in the west you know
The person who he replaced is also of the Indian subcontinent descent
Go read that one profile too

I know it's hard for Nigerians to accept
But I have accepted it cos I know is true
Those guys are ahead ahead of us, and if we an swallow our empty pride and learn one or two things from them
We can be in a better place

jajeri3216:


Brah you can generalise

Its the general story of many Nigerians who moved abroad
There is an indian/American guy called JASPREET Singh
In one of his sessions, he spelt out the formula that first generation Indian parents use in order to set up their descendants on a better footing to compete properly in the west

I learnt a WHOLE LOT
And I still learn from them....
Though I dont like it when they tell me to my face that my people are lazy, but I can't give a rebuttal because indeed the vast majority of my people are very lazy (mental laziness too)

chigo4u:

lol, Indians are some of the worst people around, stop with the accolades. Yes their people are highly tech savvy and that’s why they head most of the blue chip tech companies in the US, especially software companies but that’s just that.
If Indians are as good as you guys are saying why are they still poor and undeveloped, unlike say China. Why haven’t they applied their ingenuity to their country, besides with such huge population, it a tiny group of their population are making waves then no special thing about it. We also have Nigerians making waves abroad

Lol..wait until you work with any of them, they don't like blacks and they can gossip for Africa...they laugh with you but knock you off behind your back. They're pretenters ain't holy but better than some Africans.

Sholapey:
Lol..wait until you work with any of them, they don't like blacks and they can gossip for Africa...they laugh with you but knock you off behind your back. They ain't holy but better than some Africans.

Like I said
If we are talking of social awkwardness (because I think they, well many of them behave awkward, or what we will call in Nigeria "somehow behaviour " )
That is another conversation on it's own
But when it comes to the subject on ground

Nigeria should sit down
Those guys are ahead
It's hard to accept because as Nigerians we have been lied to that we are "the best"
But looking at it dispassionately
You will see that we really need to BUCKLE UP as Nigerians
I even forgot to add
The IITs are among the most competitive entities to get into IN THE WORLD
I think only gaokao is more challenging
IITs produce talents that excel WORLDWIDE

IIMs too
Let us be doing owambe and fooling around
While the rest of the world is striving to take positions in the scheme of things
Twenty years from today
Our children will ask us some hard questions