WEBVTT

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Hey, I'm good evening everyone,
and welcome to on the weekend with me

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kalu Aja on the money spaces.
What we talk about the economy, personal

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finance, investing, but we make
it personal. How do all these topics

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affect your wallet to Like when you
hear all that the complicated grammar, I

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want to break it down and keep
it simple and show you how it affects

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you. Right, So this weekend
is more more it's like an open session,

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you know. So I get lots
of DM people ask a lot of

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questions, lots of times you really
kindly answer and type a lot slight like

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clear them all out during the weekend. But we can have like an open

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forum. You can have a question, you can ask and then we can

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take more time and more you know, take more time to readdress them.

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That's really what we did, so
open forum. Right. So I mean,

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if you want to speak or have
a question, just request, I'll

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add you and then we can get
going. I already have a question of

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endo, but I have a guest
I want to speak, So invest B

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you're on the floor ahead, So
Hi there, it's invest by Eddie actually

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in Canada. Other way from Canada, and I appreciate you hosting this event.

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Calabaja. I randomly looked up you
know, personal finding spaces, and

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I found yourself. I believe you're
located in France. I I just I

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chained that guy out all the time. Yeah, so don't don't, don't

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use that as exactly. Yeah,
I'm everywhere, Okay, awesome, awesome.

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So it's a pleasure to meet you, pleasure to meet everyone on this

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on this stuff. I thought I'd
joined in and chime in here. And

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I always post mostly on Instagram about
personal financials and investing about the space in

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Canada and the United States, but
I'm planning to become a lot more active

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on Twitter. So I thought I
joined you yesterday and listen on Excellent.

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She will be about point forward your
time. Yeah, we are you invested?

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Like what's your outlook? Where you
looking at the investing like on a

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personal level, my personal perspective is
more of for like long term investing,

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more so focused on you know,
index investing FS, a bit of like

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fun investing into the cryptal world.
U real estate is another big perspective that

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I'm trying to jump into. In
Canada, what we do we typically use

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something called the reads real estate investment
trust, which is different ETFs that you

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can invest in to get into that
real estate space without actually owning the home.

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Yeah, so that those are three
different things. And I also also

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vouch for a diversification, you know, investing in the North American world,

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the European world, the Asian world, and just diversifying your portfolio, you

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know, because you never know what
happens along the world. Good points well

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said, if you don't mind me
asking, don't give me a bit answer.

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But those in terms of decade,
like how old are you? Are

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you thirty thirty? What e thirties? So what ETF looking at? I

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do can an ETFs us ETF?
What's your best ETF? Yeah, so

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I personally vouie for um. And
it depends on where everyone is from,

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right, I'm not sure where this
whole space is from, because I see

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your looks the most Nigeria and mostly
but cut across, cut across, right,

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I'm from Nigeria. Yeah, so
I think Also it really depends on,

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like I want to say, specific
ETF name just because you know,

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some people might not be be able
to invest in it, just because it

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might be more targeted for Canadians.
Yeah, but I can kind of like

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give like a general idea. So
for example, um, the A eat

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something called e A FAT which stands
for Eurasia and the Far East. That

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kind of diversifies in that area.
Also have the sp FI, the famous

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SNP five rounded that everyone talks about
for the United States. In Canada that

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we have the TSX stock markets,
you can there's a lot of CTFs that

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cover that as well, gotcha.
And last but not least, there's also

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the what's it called the developing countries, so that's like China in the couple

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of countries like that. And the
rest is typically like I typically go for

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a ten percent in my portfolio,
being focused on fun investing. Right,

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you always want to like gamble your
life away, But I'll say, you

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know, limit yourself to five to
ten percent and that will be your fun

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investing. So just go ahead and
go crazy on it. And if you

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lose it the next day, at
least it's only five percent offy portfolio and

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you won't lose sleep over it.
Right, that's my analogy for life.

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Yeah, I mean I always,
I always I like the US market simply

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because it's the largest market of the
cap most liquid market, and instead of

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long term with tons, I mean
if you plot at the US market across

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any asset class in the world,
say Japanese property or European you know,

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bombs the US stock market over an
extended period, right saying in this case

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ten years by ETFs has returned the
highest return right across US as a classes.

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I mean you're looking at from nineteen, say nineteen twenty eight after the

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crash ald to today, you're looking
at mount six to ten or six to

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eight percent average China the US market. So I like that long term consistency.

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I like the liquidity, also like
the spreading different options. So I

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always say, if you're building a
portfolio, have the US in there a

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little as part of your you know, your portfolios, the percentages. Who

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have to do with you how old
you are? Right, and of course

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you're objected, But I always have
a big proponent of the US market.

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It's it's the largest, not the
markets called Google, Facebook, you know,

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Apple, Amazon, in just one
market that are part from the US.

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I like Asia, Like I said, China, it's a big force

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in the world. So if you're
looking at you know, the next level,

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looking at China, but then you
look at a couch like Vietnam,

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looking just like India, like Thailand. Those are like little little tigers underneath

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that big Chinese tiger. Because when
you're have to trade world with China,

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you see lots of folks going over
to India to talent sort of manufacturing places.

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I like those places as well.
Also Mexico, Mexico now becomes a

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new China where you have high you
know they live in China. They're being

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ensuring to Mexico now so they can
say capture the US market. So if

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you're doing sector specifical countries specific et, I like those countries Mexico, Thailand,

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Vietnam, very very good. You
know, it looks like a dead

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end to me. Man Europe with
the Ukraine War, with demographics, it

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looks dead to me. I don't
know what's going to happen conunt of Europe.

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But Africa is where I think the
promises. Nigeria, Egypt, you

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know, um that's a Kenya,
those three ka that got the Belt and

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Road initiative, fantastic opportunities there and
Nigeria. It's just a big potential waiting

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to just explode into return. So
yeah, that's my take as well at

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inversit. Yeah, nice one.
I like that. I like that.

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The United States, it's it's as
you mentioned, it depends on your age.

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But three, once you're at a
younger age, it would be a

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great idea too, you know,
large to have a larger percentage of your

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portfolio in that market just because it
is the leading market. Exact exactly,

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No worries, No, thanks so
much. You're hanging with my quarterback moment.

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What's happening my Mohamed? How are
you doing so? Yeah? Yeah,

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mister grieving from list to them.
Oh pleez. I have this virtuality

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charted you on as you guys these
recent developments in the investment in the micro

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investment being taking out their country that
h yeah, go ahead, okay,

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yeah, yeah, that's time.
That's how it will request you to speak

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on this evening. I'll see by
this micro investment company it likes of a

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curry wise like of busy biggy base
and raise Tampon and the likes of them.

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What is the constitution was a pactect
that we have for all of these

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establishment to take on our funds and
invest as they in the various investments that

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we have that they did put their
money was what was the confidence in them

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that we have that love. I
mean if they Security and Exchange Commission is

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licensed by city, Ministry of Finance
or those of the Central Bank of Nigeria,

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and the Central Bank of Nigeria is
constitutional the circuits and an agency of

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the federal government, so their license
and have the powers to license those platforms.

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Remember when you invest through for the
star, Let's say you go to

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Chakka and you invest through Chaka,
you're buying stress from Chaka. Chaka is

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an interface like Bamboo and un carey
wise, it's an interface between you and

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an actual broker. They reviews an
actual just that broker to you know,

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to execute your traits. So if
you're an America first and you and you

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bought shares through robin Hood, it's
not robin Hood buy your shares. Robin

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Hood is giving your orders in a
to a broker, so they make it

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more efficient for you. It choose
upon your phone and you're able to invest.

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So if you actually ask those tracker
guys, they invest through something called

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drive Wealth that's in the US and
they also have Nigerian brokers and that's covers

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the recommentory side. So I always
tell you go for sex registered platforms.

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Right, If they have a sex
license, that means that they are regulated

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and they are registered to carry out
their activities that they're carrying out. Moments

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I say a question, Yes,
that's answering my question, but I'm actually

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asking you to please did you know
anything about these guys as in these particular

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plants taking advance and they're moston to
ask if they are truly lances, and

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they are. They are licenses to
break Tracker It is licensed by SECK Carl

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Wise, thatscens by sex, Bamboo
licensed by sex the trail that I go

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right, There are others that I
use the don't license that are pretty good,

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but I don't mention them because I
don't license. But in my INJURYA

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took three are lifense by SEC.
That's okay. There is the only thing

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I'm acting. The other question I'm
acting. Yes, we've always have investment

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houses and the lives before. Now
you understand, but these guys a life

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of Bamboo, Carrier Wise and there
and Track and that you mentioned. Now

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I'm just coming in the form of
Michael investment plan from using FM take if

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I'm right, um and the way
are mannering oppress. You understand, The

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question is do we have an act
that supports this? Michael, what I

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mean it hads and using the verse
it called also the various agencies that is

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real license them. We have an
ass that established Michael more for the space

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platform. What do you mean by
what do you buy? Micro sec?

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SEC has a sex actor. We're
established by an Act of Parliament active passion

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Assembly. SEC licenses these platforms.
You can invest a billion with the platforms,

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can invest ten nier with the platforms. So I'm not sure where you're

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going to. The platforms don't have
a minimum or a maximum investment size.

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They are simply and they make investing
easier. If you have to invest abroad,

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you would have to go open up
an account to the broker, moving

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money from your bank account to the
broken bank account. Then it brokeer would

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invest for you. All they've done
is to say use our interface, so

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they connect where like when you invest
through Chacker, you are investing through an

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American registered trader. They are simply
an interface. If you want your actual

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physical certificates, you can request,
but it will give you your actual certificate.

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So I'm not sure where you're going
to with a day license. They're

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not like micro or macro. When
banks are licensed, banks are allowed to

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receive deposits one era one trillion.
A bank can receive same with the rest

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of platform. You can the best
tender era, you can the best ten

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billion. There's no MICA. I
want to I mean I will want it

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to use it. Where will I
leave by micro Micro's jersey estens But a

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commercial bank and you understand and I
was not sorry. Let me are using

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commercial bank or using merchant banking?
Do you understand? You know how there

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is there is an amount of monager
I entirely takes the machand bank to managing

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a bear and as so as well. N that's or maybe you got to

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borrow money from the days an amount
of money you can actually borrow from the

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bank. I'm compared to the micro
freliers band. That's what I'm playing to.

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But there's no micro there's no micro
trader. That's the point I'm explaining

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the stop like micrew trader. There
is not like a micro trader. Okay,

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where you so where you could get
in a quote from If you want

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to invest a dollar with Robin Hood, you can jump in best of billion,

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you can. It's a actional shares. What they're doing that that they

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buy a share, they break it
into a fraction, so it allows more

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people to buy that share, a
share of a share of appolicy about how

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much is it about to let's say, a share of applace a friend dollars.

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They break that share down into fractions
and allow you to buy into That's

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what they're doing. There's nothing that
is is couvately legal. Their licensed by

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second as told you that. So
okay, all right, thank you very

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well, point I need you all
right, excellent put jobs all right.

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So yeah, so one secondly to
talk about Owando, right, some thing

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to talk about one. So Owando
PLC is announcing the proposed scheme of arrangement

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in English. What the see is
that they want to buy you out.

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That you guys know Owando. It's
a public company, which means that their

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shares are publicly traded, so wander. It is essentially the saying we want

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to go private. They're going to
buy back the shares from the general public,

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and then they are going to make
the company become me that like a

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limited or whatever. But in essence
they will no longer be publicly traded.

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They will not have to publish the
results online nor have agms when INVA general

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public. That's especially what a scheme
of arrangement is. And they are offering

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you guys, if I'm reading this
correctly, seven Nia and seven couple in

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cash or its equivalence in South Africa
Iran, because of course they are quoted

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voting Nigeria and South Africa. So
in essence, I don't think you guys

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have any fall back because I presume
to get disapproved, they would have to

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vote, and I think Owando will
have to vote unless if you feel stronger

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against it, you can go and
form your own shahol that's you know,

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union and vote against the measure.
Unless you do that, this will pass

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and Owando will go private. The
analyt I more to make up this.

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I remember when when one tho first
started, they should be ocean and or

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a very very small it from and
they then grew true acquisitions. I remember

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when they bought was a national oil. It wasn't the oil come that they

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bought the name using Uni Petrol.
The name escapes me an easier Uni.

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I think it's Uni Petrol. And
then they became this large, you know

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company into oil and gas and a
lot of stuff, you know, brought

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a lot of you know, new
thinking, new funding, you know,

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new service to the bride to the
oil and gas industry. And they had

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this disastrous year. What year was
that? Five years ago? They had

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a disaster let me pull up my
Wando stuff. That a disastrous year and

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I don't think they really recovered from
that. They've been seriously in debt and

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they've tried to pay that debt back
over time. And I think this is

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the final chapter in that story.
So they've gone from being a private company

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to be in a public trader company
traded also in Nigeria and South Africa,

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and they are now going back into
going to be a private company. Remember,

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private company does not mean that they
are going to be small. This

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is going to be a very very
big player in my view in Nigeria,

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especially the oil and gas sector in
Nigeria, because I see in terms of

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how they are connected, I eat, their connections with the ruicity, the

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00:16:22.120 --> 00:16:26.639
governments, right, I see a
lot of opportunity there for them to really

220
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expand their footprints in Nigeria oil and
gas sector. They're only doing something with

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00:16:33.240 --> 00:16:38.080
legal states via the b R t
buss where they're going to supply part process.

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00:16:38.320 --> 00:16:41.080
Now look at it this way.
Those busses are going to be using

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power generated from Orano. So that's
are they're locking. The largest economy in

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West Africa, which is legals is
going to be powered or transported by this

225
00:16:52.519 --> 00:16:56.840
company. So imagine that they stend
to use gas tomorrow. Who's going to

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00:16:56.840 --> 00:17:00.559
supply the gas? It's still going
to be who wanderers? Who are So

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00:17:00.240 --> 00:17:04.000
that's a big, big, big
lock there right there, and you know

228
00:17:04.759 --> 00:17:11.279
it's um it's I would say kudos
to them for they tried. They change

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the loss in Nigeria and they're going
back private. Let's see what happens.

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But that's what it is for you, the investor. You have no choice.

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00:17:18.599 --> 00:17:22.319
It's seven seventy seven niners and seven
couple. It's what they're offering you.

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00:17:22.440 --> 00:17:26.680
That's the value of the shares right
now. You can argue that it

233
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should be more. But the one
that the price share price actually reflected the

234
00:17:30.519 --> 00:17:34.880
future arnings of the company. So
when you see a share price like that,

235
00:17:36.480 --> 00:17:41.319
it's basically reflecting the share price of
the company going forward. So yeah,

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00:17:41.799 --> 00:17:45.240
D's gonna pull it up and give
you guys the numbers and I'm looking

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00:17:45.240 --> 00:17:51.880
at it's quoted both in you and
in the Johannesburg and legals. Um.

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00:17:52.359 --> 00:17:56.400
Yeah, so that's my take,
Olive. They wants to help in He

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00:17:56.519 --> 00:18:00.079
would have a lot more to say
because he's right there. So the share

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00:18:00.160 --> 00:18:07.359
prices five fifteen, so they're buying
is at the premium by offering you seven.

241
00:18:07.480 --> 00:18:11.279
But of course you want to ask
yourself five fifties the market and the

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market is irrational, you know,
I get it, I get it,

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00:18:15.680 --> 00:18:18.359
But what can you do right?
What can you do? Live the what's

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00:18:18.359 --> 00:18:21.599
happen? Yeah? But you want
to take on this ad? Yeah?

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00:18:22.319 --> 00:18:26.359
Interesting and could you think I wanted
to ask questions and I wanted to take

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00:18:26.400 --> 00:18:32.440
a tack on topic to talking about. You know, it's very interesting because

247
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I knew a lot of people that
lost so much. YEA, at some

248
00:18:36.359 --> 00:18:41.400
point went to almost hundreds old example, and at twenty fourteen it was traded

249
00:18:41.480 --> 00:18:45.480
up to five. Now you know, you broke it down properly, brought

250
00:18:45.519 --> 00:18:51.039
it possibly most aspect, I don't
he didn't not be consequence for sometimes when

251
00:18:51.839 --> 00:18:56.920
surfing companies on the perfone, because
I remember the security is a condition.

252
00:18:56.079 --> 00:18:59.759
Chairman do it for much. Cham
has issues beca I do. At some

253
00:19:00.000 --> 00:19:04.559
I wanted to remove him and the
president but because of uh his strong tis

254
00:19:04.680 --> 00:19:07.960
living party and things like that,
things showed us lost a lot of money.

255
00:19:08.119 --> 00:19:11.160
They also, you know, you
spoke about the fact that it was

256
00:19:11.200 --> 00:19:18.240
good or the yes, they had
his leg between unipetroal allergy. And you

257
00:19:18.359 --> 00:19:22.400
know the fact that directors I recorded
at some points when I was reading there

258
00:19:23.400 --> 00:19:29.119
when I was reading showed as fellow
scripts spoke about the fact that the directors

259
00:19:29.200 --> 00:19:33.319
were every pig you know, desper
In fact compan was and you know the

260
00:19:33.480 --> 00:19:38.799
listing is that Apprican Canda already sent
crazy clouds to investors and you know he

261
00:19:40.079 --> 00:19:45.880
joined venture with a loose investor.
Partners too. Starts took over from interswitched

262
00:19:45.000 --> 00:19:51.279
to um sell with this one also
thought it was going to be you know.

263
00:19:51.599 --> 00:19:56.480
So my first question is, I
didn't know consequence for this under performance

264
00:19:56.640 --> 00:20:00.839
long as you want to sell out
the selling that some people protestant at the

265
00:20:02.680 --> 00:20:07.559
at the ipeople breaks of people pot
however it was very high she generally consequence.

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00:20:07.000 --> 00:20:12.000
Secondly, um the fact that okay, we're going private, you know,

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00:20:12.839 --> 00:20:18.759
definitely it tells a lot that there
because brain the company has his public

268
00:20:19.240 --> 00:20:23.599
and he's trying to go private.
Then decide that the company is going to

269
00:20:23.720 --> 00:20:29.200
a different seller both size that wants
to reform the business or there's something efficient

270
00:20:29.240 --> 00:20:34.799
because you speak something about their sticking
the energy business and reneable and what you're

271
00:20:34.799 --> 00:20:38.119
doing legals, which is really makes
it up sense. So when we expect

272
00:20:38.200 --> 00:20:41.400
that inversals who share up the fact
that working, yes, he has a

273
00:20:41.440 --> 00:20:45.599
the relationship the present let the problem
the managing director. So why is it

274
00:20:45.720 --> 00:20:51.920
that that is come to present totally
um with the integrity of the market.

275
00:20:52.000 --> 00:20:53.680
You know a lot of people compeel
about the integrity of the barket. You

276
00:20:53.759 --> 00:20:59.359
know we are through energy support as
will see how lads have made despite the

277
00:20:59.400 --> 00:21:06.279
fact that everybody has blazers. And
to think that Sequitiative Commission should take in

278
00:21:06.680 --> 00:21:11.559
play fair play to the actions of
gold. Yeah, I mean, let

279
00:21:11.599 --> 00:21:14.759
me see the things that your question. Right, if you ask me this

280
00:21:15.000 --> 00:21:18.119
question in a market city, you
US market, the UK market, I'll

281
00:21:18.160 --> 00:21:22.960
give you a defferent answer because the
regulatory gyms there will be a bit different.

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00:21:23.160 --> 00:21:26.480
Right when you ask this question in
Nigeria, Right, we're going to

283
00:21:27.240 --> 00:21:32.279
say some things that are factual,
but there are some things we cannot say

284
00:21:32.359 --> 00:21:36.279
because we cannot back it up.
Now, oh, I also give the

285
00:21:36.359 --> 00:21:40.000
history of Wando so people understand what
I'm we're talking about. Wander used to

286
00:21:40.000 --> 00:21:45.440
be or Am Ocean and Oil trading
company. The end is a guy called

287
00:21:45.480 --> 00:21:48.599
Tinubu, not the guy at the
elections, but the guy called Tinubu.

288
00:21:48.720 --> 00:21:52.319
And I'm seeing this thing just both
to follow me right, this company was

289
00:21:52.359 --> 00:21:56.960
a trill blazzer, trill blazer in
terms of how they did the organic acquisition

290
00:21:57.160 --> 00:22:03.559
and how they grew the retail space
for oil and gas in Nigeria with gas

291
00:22:03.839 --> 00:22:08.240
and all that treatment and all.
And they went into substantial debts and they

292
00:22:08.319 --> 00:22:11.920
got punished. So to answer the
question, when the market has punished them

293
00:22:12.039 --> 00:22:17.519
by taking their share price from say
twenty five mira all the way to below

294
00:22:17.680 --> 00:22:21.799
fire that it was five is just
today last two years? Is a share

295
00:22:21.880 --> 00:22:25.920
price? Well this is this is
now a penny stock quote unquote is an

296
00:22:25.960 --> 00:22:30.079
oil company a penny stock? So
the market did punish the shareholder. So

297
00:22:30.599 --> 00:22:33.880
the guys that all these shares,
they lost a lot of money on their

298
00:22:34.000 --> 00:22:38.240
own until their share and that's the
old way the market can punish. The

299
00:22:38.359 --> 00:22:42.279
regulatory punishment should come from the SEC. And I you allude that the sex

300
00:22:42.400 --> 00:22:47.240
try to do something and it didn't
work out, so that that's true that

301
00:22:47.279 --> 00:22:49.599
the system tried to work, and
they system want to allow to work.

302
00:22:51.519 --> 00:22:55.319
The guys are seven The dms on
this Orando are very very angry that the

303
00:22:55.440 --> 00:22:59.319
body shares are twenty five mira and
now they're being forced to sell at seven

304
00:22:59.400 --> 00:23:03.440
mira. What can they do?
So the only thing that they can do

305
00:23:03.240 --> 00:23:07.799
is to if you form your own
shows association, you can go in and

306
00:23:07.960 --> 00:23:12.359
demand that for a higher payment,
or you can stop the scheme of arrangement.

307
00:23:12.440 --> 00:23:15.519
That's really the only options you have
because if you go for a who

308
00:23:15.599 --> 00:23:18.720
it's going to be is up for
vote. The scheme of measure means they're

309
00:23:18.720 --> 00:23:22.240
going to vote and say, yes, we are a great scheme of major

310
00:23:22.559 --> 00:23:25.079
I'm going to go ahead and do
that. So that's your only option.

311
00:23:25.759 --> 00:23:30.039
The market punishes bad behavior by crashing
the share price. That's what it does.

312
00:23:30.319 --> 00:23:33.920
It is left for the government to
then published punish the bad behavior of

313
00:23:34.039 --> 00:23:38.640
their executives by then holding them to
account. If you try this and say,

314
00:23:40.039 --> 00:23:44.880
the US secondly investigate you and say
what's their insider trading? Did you

315
00:23:44.920 --> 00:23:48.880
guys pay yourselves a lot of commissions
where the share price was falling? They

316
00:23:48.920 --> 00:23:52.519
would ask all those questions before they
will say yes, we are approved this

317
00:23:52.599 --> 00:23:56.480
scheme of measure and yes that's really
it's it's a top call. And when

318
00:23:56.519 --> 00:24:02.319
they go private, is that they're
going private in twenty twenty three, just

319
00:24:02.519 --> 00:24:04.480
as a new government is going to
come. That's on that question. I

320
00:24:04.519 --> 00:24:07.519
don't want to go into because we
that might take us to a rabbit hole.

321
00:24:07.559 --> 00:24:11.480
But they are right. I mean, we are in the market and

322
00:24:11.000 --> 00:24:15.519
we can only talk about the market. I think the the the second maybe

323
00:24:15.599 --> 00:24:19.039
drop the ball and hold them to
account, and you can even blend the

324
00:24:19.119 --> 00:24:23.720
sex sex tride and other powers that
be stopped them. So tough call.

325
00:24:25.240 --> 00:24:27.079
I mean if I could, if
if I had money to buy, to

326
00:24:27.200 --> 00:24:30.359
buy the I'm just being honest with
you. If I had went to buy,

327
00:24:30.920 --> 00:24:33.880
I would buy into this company in
the private side, if I have

328
00:24:33.039 --> 00:24:36.799
mon to buy, if it was
possible, because I see them make a

329
00:24:36.839 --> 00:24:41.799
lot of money when they go private
because of their connections with the incoming or

330
00:24:41.839 --> 00:24:48.440
should we see the government in power? So that's my take. Little they

331
00:24:48.519 --> 00:24:56.839
had a comeback on that or you're
gold in oh yeah yeah, and there

332
00:24:56.880 --> 00:25:00.599
are other companies like this, So
a good play really for you if you

333
00:25:00.680 --> 00:25:04.440
are an investors to look at the
entire shares in Nagual stock markets, right,

334
00:25:04.440 --> 00:25:07.319
I look at all those companies,
especially those penny stocks. You know,

335
00:25:08.279 --> 00:25:11.920
if you go in and look at
the low cap stocks in Nager,

336
00:25:11.000 --> 00:25:15.680
you want to ask yourself with the
guys get a good play in the incoming

337
00:25:15.839 --> 00:25:18.440
governmental or not? What will happen
to these companies? You know? If

338
00:25:18.519 --> 00:25:22.920
one lesson that we could take away
from the trans copy issue that happened last

339
00:25:23.000 --> 00:25:27.640
month was that there's lots of money
that can be made in attacking out of

340
00:25:27.839 --> 00:25:32.200
favor or should we say stocks that
are not you don't hear about them?

341
00:25:32.319 --> 00:25:34.880
Everyone knows then it's bank. Everyone
knows Access Bank. But there are two

342
00:25:34.960 --> 00:25:40.720
banks in Nigeria that are in the
penny stock range. Two banks and I

343
00:25:40.759 --> 00:25:45.160
don't quote them, two banks Nigeria
and the penny stock range. Nobody's looking

344
00:25:45.200 --> 00:25:48.359
at those shares. Nobody. No, if you go in there now with

345
00:25:48.480 --> 00:25:52.960
a hundred million narra and you take
one serious pure in those stocks now,

346
00:25:52.039 --> 00:25:59.519
then so level like ah, let's
buying because market moves irrationally in the Chinese

347
00:25:59.599 --> 00:26:02.119
want to to nine year. They're
not gonna go and buy into sending bank.

348
00:26:02.119 --> 00:26:04.960
They're gonna go and buy into one
small dead bank that they can buy

349
00:26:06.039 --> 00:26:10.440
into invest money and then grow it
because that's what they make a larger return

350
00:26:10.519 --> 00:26:12.920
of investments. So you want to
ask yourself all those penny stocks, those

351
00:26:14.079 --> 00:26:18.359
dead stocks, that nothing's happening.
Will there be any law coming to the

352
00:26:18.480 --> 00:26:23.119
nine Cherian space that would make those
companies blow up like no gagely um um

353
00:26:23.599 --> 00:26:26.839
big a lot of money. That's
what you want to ask yourself. If

354
00:26:26.920 --> 00:26:30.519
there are that's an opportunity for you. You know, mister mister Tatler made

355
00:26:30.640 --> 00:26:36.079
five billion in two weeks, well
in the num back scores five down in

356
00:26:36.119 --> 00:26:41.400
two weeks from doing what his body
shared both shares and waited, and of

357
00:26:41.480 --> 00:26:44.759
course it wanna have to go and
buy the shares from him. So you

358
00:26:44.839 --> 00:26:48.119
know these things are you can you
don't have to have the money yourself,

359
00:26:48.480 --> 00:26:51.640
form an association, you know,
get your friends together. As we are

360
00:26:51.680 --> 00:26:55.559
watching ChEls a bit, askal,
E're gonna say what shares can we target?

361
00:26:55.839 --> 00:26:57.519
An investment clock kind of things?
Right? You know what's up going

362
00:26:57.599 --> 00:27:02.839
for it. Yeah, thanks,
you noted something that I would just want

363
00:27:02.880 --> 00:27:06.480
to have, you know, like
the transaction. Yeah, it was quite

364
00:27:06.559 --> 00:27:11.599
successful. Um so so look at
the market and some of this just want

365
00:27:11.640 --> 00:27:15.160
to see. I wanted to ask
is that really deck out? And the

366
00:27:15.279 --> 00:27:21.599
fact that if you look at the
amount the periodicity in yellow spots, you

367
00:27:21.680 --> 00:27:26.880
know the vote you think that the
secret pervasion shouldn't have some of our risk

368
00:27:26.920 --> 00:27:30.799
concerns flanks about things. That's right, the fact I've got to do that.

369
00:27:30.839 --> 00:27:34.000
There's a Simpson treashold where the really
announced that? Then you know,

370
00:27:34.200 --> 00:27:41.480
lastly, do you see the fact
that the literally investors were also the good

371
00:27:41.519 --> 00:27:48.359
points because Plasco was the stock that
was the I perish Brides Wasselfco and at

372
00:27:48.480 --> 00:27:53.559
some point you will feel as black
puticover. But now there speaking of stock

373
00:27:53.599 --> 00:27:59.240
as book I both you want to
have ascover mark. So my other questions

374
00:27:59.279 --> 00:28:04.759
that what rapification I do think this
will have now that we are seeing different

375
00:28:04.799 --> 00:28:11.519
complation and recycling ac A spank care
added another putution on is a spank good

376
00:28:11.759 --> 00:28:18.200
is everysode? It will be dou
to buying and more up sis some similar

377
00:28:18.440 --> 00:28:22.279
units. I don't have a similar
words. So I wanted to ask that

378
00:28:22.599 --> 00:28:26.759
what rampifications we've seen he played out. But this is something I don't see

379
00:28:26.039 --> 00:28:30.240
because right now he just like Googles, are buying and seriously in the past

380
00:28:30.240 --> 00:28:36.559
compis is it based on the ideas
on the transcop issue or on the small

381
00:28:36.640 --> 00:28:41.640
cot tissue in general, I'm talking
about the trans computue and I'm also talking

382
00:28:41.640 --> 00:28:47.319
about the way the Peak and mgs
or banks are buying stalks now transpar that

383
00:28:47.400 --> 00:28:49.680
stalks intentional. We have seen that. I see that, I must seeing.

384
00:28:51.079 --> 00:28:53.519
Okay, so look at it this
way. Right um, the transcopdue

385
00:28:53.640 --> 00:28:59.440
was very very clear, very very
transparent. Let me tell you, let

386
00:28:59.480 --> 00:29:03.039
me Google would have been back in
history for you, Tony and Llume Google

387
00:29:03.079 --> 00:29:07.680
a company called BGL. That's where
Tony Tony there's some gentlement like mister late

388
00:29:07.720 --> 00:29:11.640
mister Albert to commer back. Those
are the guys that did this American style

389
00:29:11.680 --> 00:29:18.240
investment bank in Nigeria. And what
they did back then was to buy dead

390
00:29:18.000 --> 00:29:22.119
or badly round banks, buy them, clean them up and resell them at

391
00:29:22.160 --> 00:29:26.440
a big premium. So this is
Tony Lumellus, Bread and Butter buying bad

392
00:29:26.519 --> 00:29:32.480
companies, building a mop and building
and making them really great. Stand this,

393
00:29:32.720 --> 00:29:36.799
you'll be a you know used to
be Standard Bank, and Standard Bank

394
00:29:36.960 --> 00:29:41.039
used to be Crystal Bank. Crystal
Bank was the first banking on CNN.

395
00:29:41.279 --> 00:29:45.440
Was the Najiba Bank. You know
they failed, Tony bot them. Did

396
00:29:45.640 --> 00:29:51.640
STB stand Trust Bank and STB them
pot us. If you stand what happens,

397
00:29:51.640 --> 00:29:55.519
it's like how they explain it now. It's like a crypto guy crypts

398
00:29:55.599 --> 00:30:00.839
like Kulda buying Zenit. That's how
it was when STB. But you be

399
00:30:00.119 --> 00:30:04.319
so you build them become the huge
vand Pantoni is there right. Go back

400
00:30:04.319 --> 00:30:10.000
to Transcope. Transcorp was created by
a passenger. The idea was to make

401
00:30:10.119 --> 00:30:14.359
Transcope like what you had in Korea, these tables in Korea where you would

402
00:30:14.400 --> 00:30:18.839
give this company preferential treatment and a
location of resources, so they will have

403
00:30:18.880 --> 00:30:22.559
an oil field, they will have
power licenses, they will have airports,

404
00:30:22.599 --> 00:30:26.359
they will have any licenses. But
you'll give it to a commercial entity,

405
00:30:26.880 --> 00:30:32.079
and that commercial entity, which is
Transcope, would then grow and become this

406
00:30:32.279 --> 00:30:34.880
huge bihommad. So it was going
to be like give government assets to the

407
00:30:36.000 --> 00:30:40.200
private sector, let the private syptom
blow them off. Really bring them big.

408
00:30:40.680 --> 00:30:44.519
So those computers have to pay back
dividends and invest in ninety and that's

409
00:30:44.559 --> 00:30:48.440
the idea of Transcope. They started
up, it really didn't work out,

410
00:30:48.880 --> 00:30:55.119
and Transcorp became a penny stop.
Nobody went there and eliminately when there and

411
00:30:55.319 --> 00:30:57.839
put the stairs. Why did he
buy Transcorp Because they had power licenses right,

412
00:30:57.880 --> 00:31:02.640
and they had all that store.
Now Transcorp owns two power fields,

413
00:31:03.000 --> 00:31:07.720
two power companies who gaily and they're
bought in the south at south south right,

414
00:31:07.039 --> 00:31:11.960
so now it's a big company.
Or Tetlan has now bought get Google

415
00:31:11.400 --> 00:31:15.559
on that power company also in the
southwest. So you can see the snags.

416
00:31:15.599 --> 00:31:19.079
Why Ortella was buying transcop He's buying
Transcope so they can meage the Gel

417
00:31:19.200 --> 00:31:22.599
Google and the past and the power
plants in the south South. You now

418
00:31:22.680 --> 00:31:29.000
have the southern regional power player powered
by gas. Forgot about the entertainments powered

419
00:31:29.039 --> 00:31:34.079
by gas. Remember that transcop has
already bought shares into the oil company owned

420
00:31:34.119 --> 00:31:37.400
by Shell that was propously owned by
Scholar. So so you have oil and

421
00:31:37.519 --> 00:31:41.440
gas, you have gas, you
have power plants all in that one company

422
00:31:41.519 --> 00:31:48.200
transcop so Clayer business moved back to
Alat to buy into five and the law

423
00:31:48.279 --> 00:31:51.119
state you do not have to disclose
until you hit five, which is what

424
00:31:51.240 --> 00:31:55.039
he did. He bought in and
it hit five and he disclosed. So

425
00:31:55.160 --> 00:31:57.440
in might view, the guys and
Transcorp left shares on the table and I

426
00:31:57.559 --> 00:32:01.720
soon was able to come in and
buy the So once they realize that there

427
00:32:01.759 --> 00:32:06.000
are these shares were there, they
also said to buy to close out o

428
00:32:06.119 --> 00:32:09.440
empactment defense. They closed out the
biliable shares in the market. And then

429
00:32:09.480 --> 00:32:14.079
the first mister A that to pull
out because I's only could do again.

430
00:32:14.400 --> 00:32:16.359
He's not buying the shares to be
a share who that's not buying for tippet.

431
00:32:16.400 --> 00:32:21.000
That's buying for control so you can
get control. He has to leave,

432
00:32:21.039 --> 00:32:23.680
which is what he did. So
it's no instanctually impassee, it's clear

433
00:32:24.559 --> 00:32:28.640
opportunity you and I could have done
it. If you and I had bottle

434
00:32:28.759 --> 00:32:31.880
shares, maybe Tony will not have
been bordered because what we do the shares,

435
00:32:32.359 --> 00:32:36.680
what what we do. But I'll
turn buying the shares with a with

436
00:32:36.759 --> 00:32:40.000
an energy company already you can see
that. Oh if he then goes to

437
00:32:40.400 --> 00:32:45.240
say jipy moving and says, hey, I want to borrow money to buy

438
00:32:45.319 --> 00:32:47.279
out Transcorp. Guys. That's a
truth right there, right, So that's

439
00:32:47.319 --> 00:32:52.759
why it had to act um very
very quickly, so on that transaction could

440
00:32:53.240 --> 00:32:59.799
clean transaction, investment, banking inveter
sharp mind working. That's the total.

441
00:33:00.400 --> 00:33:04.640
That's how businesses don't abroad. That's
that there's nothing illegal there and they saying

442
00:33:04.680 --> 00:33:07.680
illegal, and that that transition actually
and very very quickly. And we should

443
00:33:07.799 --> 00:33:12.400
learn. When I say learned,
look at how they saw the opportunity.

444
00:33:12.799 --> 00:33:15.160
You know, I'm looking at the
chat here of the low cap stocks in

445
00:33:15.319 --> 00:33:19.640
Nigeria. I'm looking at those a
chat and all these companies are all look,

446
00:33:19.920 --> 00:33:22.720
look, I do know if I
can call names, I don't want

447
00:33:22.720 --> 00:33:27.200
to call one name and someone going
by and I'm seeing the insurance companies,

448
00:33:27.599 --> 00:33:30.359
I'm seeing, paint companies. I'm
seeing in the bank. You know what

449
00:33:30.519 --> 00:33:35.079
I said that there are two banks
here, you know, hotels, all

450
00:33:35.119 --> 00:33:38.839
this companyon. Ask yourself, what
will happen to these companies in next four

451
00:33:38.960 --> 00:33:44.839
years? Right? We have an
idea that there's going to be alto spending

452
00:33:44.960 --> 00:33:49.400
to boost the economy. We did
affect these companies in the next four years

453
00:33:49.480 --> 00:33:52.599
if it will. Should you get
into these companies now and take a place.

454
00:33:52.920 --> 00:33:57.599
There are local drug and patching companies
here, lots of hotels here.

455
00:33:57.720 --> 00:34:00.759
You know, two bands I said, or the two banks here. It's

456
00:34:00.759 --> 00:34:04.400
a microphons bank here, oil and
gas company here. You know all that

457
00:34:04.480 --> 00:34:07.400
gas companies doing here? You know, so it's your call. Look at

458
00:34:07.400 --> 00:34:10.519
the look cap. Sure even this, this guy's a look cap, I

459
00:34:10.559 --> 00:34:14.360
don't call me. Well yeah,
so go in there, look at it

460
00:34:14.599 --> 00:34:16.599
and see. Look for shares,
look at the true look for companies that

461
00:34:16.719 --> 00:34:22.119
have a lot of flute. Float
means that there's available shares out there.

462
00:34:22.440 --> 00:34:24.800
There's no point going to buy let
me call them. If you go and

463
00:34:24.920 --> 00:34:30.119
buy say corn oil, you know, when where's the float? You know?

464
00:34:30.239 --> 00:34:32.239
Even buy more shares that st you
know, so you want to look

465
00:34:32.280 --> 00:34:36.519
for shars are called a floor of
float. So if you buy those shares,

466
00:34:36.519 --> 00:34:38.159
there's a lot of trading that can
happen. Or if you an investor,

467
00:34:38.199 --> 00:34:42.519
you want to look for those companies
that have got fluts outstanding, so

468
00:34:42.679 --> 00:34:45.920
there's activity that can then cause the
quidity for you to go in and out.

469
00:34:46.440 --> 00:34:50.639
For the small investors in Transcope,
I'm sorry, that's what how the

470
00:34:50.719 --> 00:34:53.719
marketplace when you when when two elephants
are fighting, you you can quickly pick

471
00:34:53.800 --> 00:34:58.360
the grass before the elect elephant falls
on you. So when you saw or

472
00:34:58.440 --> 00:35:00.639
Turtler and a little look, I
think you know that the shepherd is going

473
00:35:00.719 --> 00:35:05.920
to go up. But you know
that once one person wins, the share

474
00:35:05.960 --> 00:35:09.679
price is gonna crash because there's no
money to buy. If by now no

475
00:35:09.800 --> 00:35:15.320
one had gotten enough shares in that
transcop deal, the share parts of Transcopy

476
00:35:15.320 --> 00:35:17.599
are going in twenty n era because
all the folks that own those shares will

477
00:35:17.639 --> 00:35:20.880
be waiting for the price to go
up. But now that will know that

478
00:35:21.000 --> 00:35:23.159
there's a claim winner and the price
has will go back down. The share

479
00:35:23.280 --> 00:35:28.320
price is irrational. What really matters
is a volume. I think last weeks

480
00:35:28.360 --> 00:35:31.280
to talk about that the Transcope valuation. There's nothing there in that company right

481
00:35:31.400 --> 00:35:37.639
for now, So the share price
is just irrational and driven by emotions.

482
00:35:37.760 --> 00:35:42.280
The real deal for Transcorp is when
they link their oil and gas after their

483
00:35:42.320 --> 00:35:47.679
power field and they want to then
make real income for investors because it as

484
00:35:47.719 --> 00:35:53.320
a utility, they are going to
make clean, secure, long term dividend

485
00:35:53.400 --> 00:36:00.000
returns for the investor so pps will
love them and once parpased by PFPAS don't

486
00:36:00.119 --> 00:36:04.079
sell. So that's the stuff that
they're going to buy and just keep and

487
00:36:04.199 --> 00:36:07.360
only give you returns going on for
long term. So that's the long term

488
00:36:07.440 --> 00:36:12.400
play for that company. It's going
to be like you know, really struck

489
00:36:12.519 --> 00:36:16.440
solid part of any portfolio that institutions
would like. So it can terms will

490
00:36:16.480 --> 00:36:20.679
love them, then buy it at
a good price. It would you just

491
00:36:20.840 --> 00:36:23.840
bed guys here, Wow, all
right now it's only yeah that's my call.

492
00:36:24.000 --> 00:36:30.480
Yeah, yeah, thanks, Ye're
welcome, bro. Or let's go

493
00:36:30.639 --> 00:36:34.320
back to the dividends. I know
you guys like a lot of d ms,

494
00:36:35.159 --> 00:36:38.239
there is low corporate governance. The
issue will continue as the private company

495
00:36:39.559 --> 00:36:45.480
they can only escape with government patronage, but invest all will suffer. I

496
00:36:45.599 --> 00:36:51.039
presume you are talking about the Jando. There's low corporate governance maybe you know.

497
00:36:51.320 --> 00:36:52.199
I mean, let let's be honest
here. Well, I don't want

498
00:36:52.239 --> 00:36:54.960
to say some things here, but
we know what's happening with Oando. We

499
00:36:55.039 --> 00:36:59.599
know who owns it. I will
know they are connections. So for me,

500
00:36:59.840 --> 00:37:04.039
I would say, look for the
opportunity if Wando is going private them,

501
00:37:04.079 --> 00:37:06.639
if you can buy shares there.
Okay, who are their suppliers?

502
00:37:06.840 --> 00:37:09.079
Who? Who are the suppliers of
Wando? When would they do business?

503
00:37:09.360 --> 00:37:14.360
I think they sold their shares to
it. They show their hours to an

504
00:37:14.480 --> 00:37:19.239
NPC AM I rights is an episode
about the little out of Rando. So

505
00:37:19.400 --> 00:37:22.199
look for a way you can still
make some money in that transaction. Who

506
00:37:22.239 --> 00:37:25.239
are their suppliers? Who are there? Who? Who is lending them money?

507
00:37:25.719 --> 00:37:29.199
You know? And then try to
purs on yourself. I get it.

508
00:37:29.280 --> 00:37:30.559
I mean I'm saying, if you
can't beat them investing them, you

509
00:37:30.639 --> 00:37:36.920
know, don't you invest in it. That's that's my take, right Okay?

510
00:37:37.519 --> 00:37:40.840
Um? So what what banks?
Yeah, I'm not going to mention

511
00:37:40.920 --> 00:37:45.840
the banks. All you simply do
right, pull up Nigerian Look, Nigerian

512
00:37:46.000 --> 00:37:52.519
look capital stock. So so these
are Nigerian stocks with low capitalization. Right,

513
00:37:52.719 --> 00:37:55.480
pull it up. It will give
you a list of lots of companies

514
00:37:55.519 --> 00:38:00.760
there. And I'm looking at at
one hundred shares here of shares and then

515
00:38:00.159 --> 00:38:04.639
take your take your pick. You
know, some have been dead forever and

516
00:38:04.800 --> 00:38:07.039
ever and ever. Some here though
I don't think they make any in roads.

517
00:38:07.360 --> 00:38:12.119
There's a company here that that assembles
to your talk cars they're here,

518
00:38:12.880 --> 00:38:15.719
or it's a company, it's assembles
to your talks, So what will happen

519
00:38:15.760 --> 00:38:19.639
in the future. Do you think
that anyone do car assembly will make money?

520
00:38:19.920 --> 00:38:22.760
Or do you think the car symbly
would go back to say local players.

521
00:38:23.199 --> 00:38:27.719
Do you think it's going to be
a policy that would say if you

522
00:38:27.800 --> 00:38:32.480
have a manufactural assimi plants, Nigeria
will patronize you if you can make cars

523
00:38:32.559 --> 00:38:36.440
and are going to burn in parts
of cars. Everythink that's going to happen?

524
00:38:37.000 --> 00:38:38.519
Then this loocal car companies who can
be a good, good, good

525
00:38:38.559 --> 00:38:43.199
deal for you. You know,
there are lots of local drug companies here.

526
00:38:44.519 --> 00:38:45.880
What would take will happen to look
at drug companies? Will they be

527
00:38:46.440 --> 00:38:51.280
patronized? Will we spend more on
healthcare? If we will? Will they

528
00:38:51.360 --> 00:38:53.559
patronize them? If they will?
Then you go into the vaccines are a

529
00:38:53.679 --> 00:38:57.239
big thing now. You know,
I know a company here on this list

530
00:38:57.320 --> 00:39:02.800
that got the license to run nine
as first vaccine manufacturing vaccine as well,

531
00:39:04.440 --> 00:39:07.760
it's vaccine manufacturing plant. Will that
help them? If it will? That

532
00:39:07.840 --> 00:39:12.079
looks like a buy for you.
There's a bus company here, you know,

533
00:39:12.559 --> 00:39:16.719
not doing very very well, high
or high opex will this new government

534
00:39:16.840 --> 00:39:22.000
pay for them? What about the
sort of publishers here as well? Are

535
00:39:22.000 --> 00:39:24.400
we going to do a lot of
spending on on development, on education?

536
00:39:24.840 --> 00:39:28.960
Will the government give them lots of
contract to print out books and all that

537
00:39:29.079 --> 00:39:31.199
kind of stuff? If they will, then also papers. That's how you

538
00:39:31.239 --> 00:39:36.039
want to buy stocks. You want
to buy no top down, no country,

539
00:39:36.239 --> 00:39:39.159
then sector, then the individual stock
right and then loose this that likes

540
00:39:39.320 --> 00:39:43.320
that penny stocks. These things go
for like some are going for less than

541
00:39:43.360 --> 00:39:46.840
an ira. So we tend to
buy like ten thousand shares and you simply

542
00:39:46.880 --> 00:39:51.000
wait. You know, to go
from one cobo to two cobo it's one

543
00:39:51.079 --> 00:39:53.920
hundred percent return. But to go
from one hundred n era can really get

544
00:39:53.960 --> 00:39:58.760
to twit n era. You see. So these low cap stocks they give

545
00:39:58.840 --> 00:40:01.760
you a lot, a lot out
a lot of leeway to make ten twenty

546
00:40:01.840 --> 00:40:07.800
percent return on your investment because they
are the day denominator is so low that

547
00:40:07.880 --> 00:40:09.599
they're going if it goes up by
just five percent, you will make a

548
00:40:09.679 --> 00:40:15.360
lot of money. Then when you
buy a mature stock that really cannot grow

549
00:40:15.519 --> 00:40:17.280
is revenues, I mean can thenic
Bank grew is revenues by a one hundred

550
00:40:17.320 --> 00:40:22.079
percent is nearly impossible in a year. Nearly impossible because they're going to plant

551
00:40:22.599 --> 00:40:25.480
so many branches. But when you
look at these other banks that are here,

552
00:40:25.800 --> 00:40:30.280
it's possible to go the revenues by
thirty percent by simply just using a

553
00:40:30.440 --> 00:40:35.000
new ATM system. On these banks
here don't have ATM. It's what I'm

554
00:40:35.000 --> 00:40:37.840
looking at, doesn't have a TM. I don't call their name. So

555
00:40:37.960 --> 00:40:39.519
I imagine if if the guy comes
and says, we're going to do it

556
00:40:39.920 --> 00:40:45.199
in this bank and we're going to
really just invest in it, reduce costs,

557
00:40:45.760 --> 00:40:47.960
improve efficiency, the bank stocks will
go up because then they can do

558
00:40:49.039 --> 00:40:52.000
their business cheaper. Right, So
that would then mean more profit for them.

559
00:40:52.119 --> 00:40:55.960
Why is the bank here and unbelievable? All right, that's my take

560
00:40:57.000 --> 00:41:00.639
on how you want to read that
sector going forward. Let's see, So

561
00:41:00.920 --> 00:41:07.719
can you talk more about oil and
gas companies in Nigeria? Do you think

562
00:41:07.800 --> 00:41:10.119
they have a long let me,
do you think they have a future with

563
00:41:10.320 --> 00:41:15.599
the carbon? Or a great question? So if I understands this question,

564
00:41:15.800 --> 00:41:20.360
you are asking if Nigerian oil and
gas companies would have a future in a

565
00:41:20.559 --> 00:41:24.079
carbon in a world that doesn't like
carbon. I think it's a great question.

566
00:41:24.199 --> 00:41:28.960
Now, that's one I would have
asked myself. So the biggest player

567
00:41:29.039 --> 00:41:31.280
in Nigeria right now in oil and
gas, biggest, biggest, biggest is

568
00:41:31.320 --> 00:41:36.519
an NPC, Right an NPC.
I think, in my view, smoke

569
00:41:36.639 --> 00:41:39.119
my opinion that the biggest truth to
n NPC, it's not even bandits,

570
00:41:39.840 --> 00:41:44.639
is the state of New York or
the state of let me see, let's

571
00:41:44.639 --> 00:41:47.719
just the stay of New York.
What will happen in the state of New

572
00:41:47.840 --> 00:41:52.880
York one day sues an NPC and
look at the lawsuits those say that that

573
00:41:52.079 --> 00:41:59.239
n NPC lie to American consumers that
when they were exporting crude royal to America.

574
00:41:59.360 --> 00:42:05.559
They're not American consumers. That's carbon
causes them to fall sick. That's

575
00:42:05.599 --> 00:42:07.840
how they do their way in America. It is topped to be a top

576
00:42:08.039 --> 00:42:16.000
law accusing ANNPC of lying to American
consumers and selling oil and gas to America.

577
00:42:16.559 --> 00:42:21.840
So they were now sue any PC
for one hundred billion dollars. That's

578
00:42:21.920 --> 00:42:24.239
the lawsuit. They've already tried it. I'm not giving a conjectorive what they

579
00:42:24.320 --> 00:42:29.360
tried it. They sued Exxon and
all the sort guys in the State of

580
00:42:29.440 --> 00:42:34.320
New York already suit them and those
oil companies want but the blood is in

581
00:42:34.400 --> 00:42:37.480
the water. Exonmobile, if you
don't know, two years ago, was

582
00:42:37.559 --> 00:42:43.079
taken over by an activist investor.
They basically went to Exon and said,

583
00:42:43.639 --> 00:42:46.079
if you owns an Exon, give
us your shares. Who want to out

584
00:42:46.280 --> 00:42:51.559
the management, who want to convert
Exon to a greener company, and they

585
00:42:51.639 --> 00:42:54.639
want so a guy with less than
one percent was able to drive out management

586
00:42:54.760 --> 00:43:00.559
in Exonmobile. It's the same thing
you're seeing in Europe where Shell was tending

587
00:43:00.599 --> 00:43:06.719
to court and they want an application
to make Shell reduce their investment. Say

588
00:43:07.119 --> 00:43:09.079
I don't quote, I'm on the
shore. But what they want was that

589
00:43:09.239 --> 00:43:15.440
Shell was to reduce their footprints in
oil and glass globally. That's why I

590
00:43:15.480 --> 00:43:17.840
see Shell pulled out of some fields
in Nigeria because there's a court case in

591
00:43:17.840 --> 00:43:22.760
the Netherlands that says they must reduce
their footprints. Instead of California, you

592
00:43:22.960 --> 00:43:27.199
cannot have the refinery. Forget about
it. It's not going to happen as

593
00:43:27.199 --> 00:43:29.719
a matter of fact, in America
as a whole. I think that last

594
00:43:29.760 --> 00:43:32.039
treep finally was built in nineteen seventies, you can't build a new refinery,

595
00:43:32.159 --> 00:43:37.719
They're going to sue you and regulate
you out of existence. The Saudis basically

596
00:43:37.800 --> 00:43:42.920
have bought the refineries in Florida and
I believe in Texas. So it's soundly

597
00:43:42.960 --> 00:43:46.480
coming now all those refineries, so
Sarah Rebet can sell their crude oil to

598
00:43:46.599 --> 00:43:52.000
America refinances. That's what they're doing
by Americans. They will sue you out

599
00:43:52.039 --> 00:43:54.440
of existence. So what will happen
is that these green guys in New York

600
00:43:54.559 --> 00:44:00.679
is going to sue an NPC four
hundred billion to force and in PC to

601
00:44:00.800 --> 00:44:05.280
stop selling crude oil so America because
they want a green, clean future,

602
00:44:05.400 --> 00:44:07.480
you know, in the greater you
know, that's that kind of thing,

603
00:44:07.840 --> 00:44:09.760
and that's the biggest trus wen n
PC. But they would lose that market,

604
00:44:09.840 --> 00:44:13.440
not because our all is not good, but because of law suits and

605
00:44:13.480 --> 00:44:20.039
environmentalism and all that. And without
the Ukraine War, that would have happened.

606
00:44:20.800 --> 00:44:24.119
That would have happened because already in
America, before the Ukraine War,

607
00:44:24.239 --> 00:44:30.599
they had banned what I mean day
the top five banks in America had banned

608
00:44:30.920 --> 00:44:36.719
new oil loans to any oil and
gas in Alaska, and the European International

609
00:44:36.800 --> 00:44:42.280
Bank had banned all oil and gas
loans period, so they're not going to

610
00:44:42.360 --> 00:44:49.239
give loans to any oil and gas
company period. Osipanjo device president went to

611
00:44:49.320 --> 00:44:52.079
Dubai and it was complained about this
to the Europeans. You know you are

612
00:44:52.519 --> 00:44:54.840
we get if you're banning oil,
but you're banning gas. They say gas

613
00:44:55.000 --> 00:44:59.840
is dirty. So Nigel penatural gas
is also on that table. They're going

614
00:44:59.880 --> 00:45:04.760
to ban oil and gas also with
good oil in that done that, then

615
00:45:04.800 --> 00:45:07.159
you see Saudi, you see Nigeria
in Tumol. That's why you see the

616
00:45:07.199 --> 00:45:14.239
Saudis moving away aggressively from oil and
gas, settling down Aramco to get cash

617
00:45:14.320 --> 00:45:16.760
to do other stuff. So it's
coming. What is keeping it at bay

618
00:45:16.800 --> 00:45:21.519
now is this war in Ukraine because
they need to in the band. There's

619
00:45:21.599 --> 00:45:25.880
no or Russian gas and there's going
to be a recession once they get passes

620
00:45:27.119 --> 00:45:30.079
oil and gas this Ukraine water and
they're going to come back to oil and

621
00:45:30.119 --> 00:45:34.559
gas and I gonna ban us.
So that's the biggest stress I see to

622
00:45:34.840 --> 00:45:37.840
n NPC down the line. This
this folks in the West are serious about

623
00:45:37.920 --> 00:45:42.719
this carbon thing. They're only I
only they understand what they are saying,

624
00:45:42.920 --> 00:45:45.920
but they are serious about it.
So you'll find institution and where Nigia will

625
00:45:45.920 --> 00:45:51.079
have oil but cannot sell it.
The biggest battle of oil in the world

626
00:45:51.199 --> 00:45:54.920
right now is the US, India
and China. So let me explain to

627
00:45:54.960 --> 00:46:00.280
you what's going on. India has
locked itself into Russia. It has become

628
00:46:00.360 --> 00:46:05.239
the discounted oil from Russia. But
on the duo political level, they've locked

629
00:46:05.280 --> 00:46:10.639
themselves into Chinata Russia. That's India. China has blocked itself into Iran.

630
00:46:12.320 --> 00:46:16.039
So if you remove the market of
China, you take out the markets of

631
00:46:16.199 --> 00:46:20.559
India, you take out the markets
of the US. Where will end the

632
00:46:20.639 --> 00:46:23.760
busy sell oil and gas too?
Maybe you have Japan, Japanese moving to

633
00:46:24.000 --> 00:46:28.519
nuclear because of the way they had
in from Kashima. They want to move

634
00:46:28.599 --> 00:46:32.000
back to nuclear. They are open
up coal plants in Japan as we speak.

635
00:46:34.039 --> 00:46:36.960
So if you're looking on the Jeo
political level, they are very very

636
00:46:37.000 --> 00:46:39.679
few markets that are large. You
know, to take away the output from

637
00:46:39.760 --> 00:46:45.159
Nigeria from oil. That's going to
be the future. So there was no

638
00:46:45.360 --> 00:46:50.760
Ukraine. They're gonna have this green
scene in all over the place and it's

639
00:46:50.760 --> 00:46:53.320
going to affect revenues going forward.
So you'll have the oil. They are

640
00:46:53.320 --> 00:46:58.039
not bandits, but you can't sell
it. That's the long term future.

641
00:46:58.159 --> 00:47:01.440
That's my fear for oil and guy
in Nigeria that you would have it and

642
00:47:01.559 --> 00:47:06.199
not have the market it would.
Let's even assume this green thing doesn't happen.

643
00:47:07.639 --> 00:47:09.880
Take away China, take away India. Where then do you sell the

644
00:47:09.960 --> 00:47:14.079
oil. We're gonna sell locally,
right, we're having that go to thefine

645
00:47:14.079 --> 00:47:17.440
so we're gonna sell locally. But
long term the dollar endys, they start

646
00:47:17.519 --> 00:47:24.000
to go down. Saudi is investing
aggressively to diversified their economy. Nigeria is

647
00:47:24.039 --> 00:47:29.320
not like personally aggressive music diversified economy. We haven'tly done a lot of other

648
00:47:29.559 --> 00:47:34.480
businesses. Oil and gash. Remember
it's less than fifteen percent of nigress economy,

649
00:47:34.920 --> 00:47:38.239
but in terms of the revenues,
it makes up seven eighty percent of

650
00:47:38.320 --> 00:47:43.480
our dollar revenues. We haven't swapped
around, and there are many quick wins

651
00:47:43.519 --> 00:47:49.159
we can us to swap around.
Nollywood, Nollywood can replace crude oil as

652
00:47:49.199 --> 00:47:54.320
a forex ena for Nigeria. Nollywood, the movies and the music Nigeria cells

653
00:47:54.480 --> 00:47:58.440
can really play crude oil. But
we don't see it. No, we

654
00:47:58.519 --> 00:48:01.079
don't have guys that are vision to
see. How can we make that video

655
00:48:01.920 --> 00:48:06.920
make more mond than NNPC. It's
possible. You have to call the video

656
00:48:07.039 --> 00:48:09.760
in and talk to him and say, okay, if you're rent in music,

657
00:48:09.880 --> 00:48:14.400
you realize with this, you know
you like how you do in the

658
00:48:14.480 --> 00:48:16.400
world. You have a thing that
you must download to get that blows music

659
00:48:16.719 --> 00:48:20.920
and the vidow then it gets eighty
percent. We get into percent something like

660
00:48:21.000 --> 00:48:24.280
that. Technology makes it that way. The same way you go to Apple

661
00:48:24.400 --> 00:48:29.000
Play or to Apple Amazon Music you
downlod music there they get paid, or

662
00:48:29.199 --> 00:48:32.159
YouTube they get paid exact same that
Jack can do it. NIJA can set

663
00:48:32.280 --> 00:48:37.679
up a ten percent fun right and
every music Sian or every Noywood film,

664
00:48:37.920 --> 00:48:42.679
NIJA would invest in that movie and
say we invest in this movie, We're

665
00:48:42.719 --> 00:48:46.400
gonna do international property protections. And
if you downble this movie or download this

666
00:48:46.559 --> 00:48:51.000
music, we're will they get returns
for life. You will get the video

667
00:48:51.280 --> 00:48:54.440
and whiskey to send again because they're
blown up. But there are more dablows

668
00:48:54.480 --> 00:48:59.719
and whisk its in a jague in
jobs that you can invest in their music

669
00:49:00.079 --> 00:49:05.159
the studio and capture their gooble sales
forever. Right now, music is an

670
00:49:05.199 --> 00:49:08.519
asset. You see Paul, you
see a most nam sting selling his support,

671
00:49:08.559 --> 00:49:14.000
flowing an investment bank for money.
So you can actually go to this

672
00:49:14.079 --> 00:49:15.800
guy and say, we're going to
invest in you, give you studio time.

673
00:49:16.480 --> 00:49:20.079
In return, we want to get
ten percent of your future. And

674
00:49:20.400 --> 00:49:24.840
look at sports. What a footballer's
name that you know he investors buy into

675
00:49:24.960 --> 00:49:29.519
his future ending so whatever club he
plays for, they get a share of

676
00:49:29.599 --> 00:49:31.360
that salary. Do the same thing. We're on the seventeen guys. Hey,

677
00:49:31.440 --> 00:49:34.400
we're going to invest in you.
Guys, We're gonna send you guys

678
00:49:34.400 --> 00:49:37.280
abroad. We're gonna get tempering of
your future. And if we could play

679
00:49:37.320 --> 00:49:40.559
for Chelsea, we have to think
in twenty twenty three, whats the technique

680
00:49:40.559 --> 00:49:45.599
in nineteen seventy or like gas,
let's sell oil fields that you do?

681
00:49:45.280 --> 00:49:50.039
No, he can make more money
than n NPC if you support him and

682
00:49:50.079 --> 00:49:53.199
all that, you think it's impossible. The whole reason why we look look

683
00:49:53.239 --> 00:50:00.440
look at we had fella and we
had what's name Bob Marley almost age.

684
00:50:00.400 --> 00:50:05.440
What's the same kind of a petie? Two young guys singing about the system

685
00:50:06.159 --> 00:50:09.519
but Jamaica embraced Bob Molly, embraced
him, promoted him. You know,

686
00:50:09.880 --> 00:50:14.599
now anywhere you're going to want that
yellow green, red flag everywhere in the

687
00:50:14.679 --> 00:50:17.960
world. Jamo, Jamaica, Jamo, every music and Jamaica and Bob slid

688
00:50:19.039 --> 00:50:22.039
everything. Look at what they got
from Bob Marley. All that's you know,

689
00:50:22.199 --> 00:50:25.519
the cultural and the built Bo Bob
Molly. What they would do to

690
00:50:25.639 --> 00:50:30.239
Fella, What we literally killed the
guy, killed, his mother, killed

691
00:50:30.280 --> 00:50:36.159
everything, killed the guy. You
know, imagine that I had embraced fella

692
00:50:36.559 --> 00:50:39.039
because right now, Barna boy,
all those guys, it's still the same

693
00:50:39.159 --> 00:50:44.079
fella vibes now I mean Fela,
but it's still the same young man singing

694
00:50:44.119 --> 00:50:46.480
again the system, it's still the
same thing. But look at difference today.

695
00:50:46.760 --> 00:50:50.440
Look at how much man they make. Look at how much Fellow would

696
00:50:50.480 --> 00:50:55.400
have made. They place where fellas
Pip Folk sings. If this was America,

697
00:50:55.440 --> 00:51:00.880
it would be a museum. Pull
up Google how much Graceland mix for

698
00:51:00.000 --> 00:51:07.119
the for the estate of Elvis.
Pull up how much Graceland makes for the

699
00:51:07.679 --> 00:51:10.400
estate of Elvis. Pull it up. So we have to think, we

700
00:51:10.679 --> 00:51:14.400
have to be smarter in how we
think. You know, we take pride

701
00:51:14.440 --> 00:51:17.719
in we go to Lego States,
to those buildings and jabba those Brazilian buildings.

702
00:51:17.800 --> 00:51:22.920
We will demolish them and build on
glass, you know, a modern

703
00:51:22.119 --> 00:51:28.960
structure. Those buildings could if you
put them off for tourism, authentic Brazilian

704
00:51:29.039 --> 00:51:31.920
building people who pay to come watch
and conceal them. But we don't value

705
00:51:31.960 --> 00:51:36.000
things like that. Right now.
I put the jacket that I went to

706
00:51:36.039 --> 00:51:38.360
the US. I saw a jacket
Hunters jacket with all those ambulants, those

707
00:51:38.360 --> 00:51:45.039
things that our megas were on sale
for four thousand, five hundred dollars on

708
00:51:45.199 --> 00:51:52.559
sale four thousand, five hundred dollars
dead sold US art because of value authenticity.

709
00:51:52.679 --> 00:51:57.039
This is an authentic African jacket from
the Ibriy coast with all the champs,

710
00:51:57.880 --> 00:52:00.760
and they'll probably buy it, you
know. So we have to start

711
00:52:00.800 --> 00:52:04.880
to think away from oil. And
guys always say diversification, even agriculture.

712
00:52:05.079 --> 00:52:09.760
We have only diversified into our culture
sufficiently. What's it doing rain based farm?

713
00:52:09.840 --> 00:52:13.719
Me Well, no, it isn't
fatalizer. We have no storage of

714
00:52:13.840 --> 00:52:16.599
processing. So that's a long term, you know, challenge for the whoever

715
00:52:16.639 --> 00:52:20.920
that will be president. It's not
it's no longer. No, you can't

716
00:52:20.920 --> 00:52:23.760
come and say you're going to pay
people to trade their money ten key a

717
00:52:23.840 --> 00:52:27.679
month like the THI key a month. I think we've moved past that.

718
00:52:28.480 --> 00:52:30.119
So that's my prayer, that's my
fear. You know. That's the long

719
00:52:30.239 --> 00:52:35.679
answer to your short question. But
it's gonna happen. And if we're not

720
00:52:35.840 --> 00:52:38.559
careful, if you don't get ourselves
ready, then every all the youngest are

721
00:52:38.599 --> 00:52:43.679
gonna leave Nigeria. And you have
Nigia with old people, and when you

722
00:52:43.760 --> 00:52:47.559
have only old people who pays attention. All right, sorry about our long

723
00:52:47.599 --> 00:52:51.360
answer, guys, I don't apologize. So yeah, so if you want

724
00:52:51.400 --> 00:52:54.000
to speak, you can request to
speak our argo the DMS nor mine need

725
00:52:54.039 --> 00:52:58.119
the DMS. They don't like to
talk. So yeah. So in terms

726
00:52:58.159 --> 00:53:01.159
of seven branch result came out last
week. They had a one hundred billion

727
00:53:01.280 --> 00:53:06.519
dividends. What's your take on zen
bad? Yeah, So again I don't

728
00:53:06.559 --> 00:53:08.480
like to talk about I'm not making
a recommendation, right, I'm not your

729
00:53:08.559 --> 00:53:13.519
francial advisor, so I'm not making
a recommendation. But on a personal level,

730
00:53:13.719 --> 00:53:15.880
I like the bank. On the
personal level, right, the bank.

731
00:53:16.280 --> 00:53:21.119
The cost of the bank is I
e. The share price. Yeah,

732
00:53:21.159 --> 00:53:22.840
I told you guys before, I
don't look at share price. Look

733
00:53:22.880 --> 00:53:27.079
at the p Era shoe. If
you look at the pre era shoe and

734
00:53:27.199 --> 00:53:30.960
the share price of the bank,
you want to start to maybe this stock

735
00:53:31.719 --> 00:53:37.400
is really really maybe on the price
in ms of the endings that they are

736
00:53:37.480 --> 00:53:39.440
able to generate. So send its
bank. Let me just plull it up

737
00:53:39.480 --> 00:53:44.119
to give you figure. Send it
bank. The returns that they make.

738
00:53:44.280 --> 00:53:46.119
I like it. You know they
boost the make lot of returns. The

739
00:53:46.239 --> 00:53:52.440
pillow of dividend yields I think this
year is about fourteen percent. If by

740
00:53:52.480 --> 00:53:58.360
I'm not strong, fourteen percent dividend
yield on that stock. Very very consistent

741
00:53:58.440 --> 00:54:02.119
dividend player, very very aggressive company. They know how to innovate, they

742
00:54:02.239 --> 00:54:07.239
know how to win market share.
And one thing when you buy in Nigerian

743
00:54:07.360 --> 00:54:10.239
stock, that is that the guys
know what they're doing. Every development passes

744
00:54:10.280 --> 00:54:14.679
through in Nigerian stock. So if
you want to build route, you have

745
00:54:14.800 --> 00:54:15.960
to go and get a loan from
a bank. If you want to pay

746
00:54:16.039 --> 00:54:21.079
your workers, you have to get
get to know. The banks should a

747
00:54:21.199 --> 00:54:24.880
token no accounts, So the banks
of a become a proxy to development and

748
00:54:24.960 --> 00:54:29.679
economy groups. In Nigeria. So
you bank that is plugged in that no

749
00:54:29.800 --> 00:54:32.840
that is doing it's your own proxy
to a niger economy that I like them.

750
00:54:32.960 --> 00:54:37.840
So I like the stock a lot
is part of my own portfolio.

751
00:54:37.880 --> 00:54:39.760
I'm not asking to buy, but
I do like it. I think by

752
00:54:39.840 --> 00:54:45.320
paying one hundred blending individends, they
are interested in being a generator of returns

753
00:54:45.360 --> 00:54:50.719
to their shareholders, which is what
sharehold does like to see all the time.

754
00:54:51.800 --> 00:54:58.159
All right, mister too totaliberry totluberry
works up man getting there, I

755
00:54:59.199 --> 00:55:05.159
guess let me yeah, sorry,
they could do some bagondis I mean a

756
00:55:05.559 --> 00:55:09.360
space anyway, Thank you posting the
space, UM a lot of the length

757
00:55:09.440 --> 00:55:15.119
and thank you for sharing your your
knowledge. UM, I have a I

758
00:55:15.239 --> 00:55:20.599
have a comment that I have a
question as well. My comment is no,

759
00:55:20.719 --> 00:55:24.719
let me go with the question festival. UM, I mean big belie

760
00:55:24.800 --> 00:55:32.519
by the fact that you know you
can't rule out macro environment in investments.

761
00:55:34.239 --> 00:55:42.559
As much as I love to invest
back home, UM, very skeptical about

762
00:55:43.400 --> 00:55:49.000
the market environment. And you know
one thing that in there's a shy way

763
00:55:49.920 --> 00:55:55.199
is an uncertain environment as it is
right now Nangeria. To me, it's

764
00:55:55.239 --> 00:56:02.599
still very unset like this is there's
needs to be very compatible about and you

765
00:56:02.679 --> 00:56:07.760
know as an investor you need assurance
at least to it to a reasonable extent.

766
00:56:08.960 --> 00:56:15.320
My bestal is how do you factor
in macro like, I know many

767
00:56:15.360 --> 00:56:19.000
of these bats are gonna do well
on your own, but the macro environment

768
00:56:19.039 --> 00:56:23.599
if you do like a pistol analysis
of Nigeria itself, the liberal economic political

769
00:56:24.320 --> 00:56:30.360
like, there's so many of certainties
and investors don't like that. That's one

770
00:56:30.480 --> 00:56:38.800
part. The other party is um
following investors. So from my own experience,

771
00:56:39.079 --> 00:56:44.559
I know that a lot of these
countries don't do it on your own,

772
00:56:45.000 --> 00:56:49.760
not by themselves. It is follign
investments that are coming. They come

773
00:56:49.840 --> 00:56:57.559
with the follign courrency. You know, divide the divide all everything ability you

774
00:56:57.679 --> 00:57:04.880
know in terms of the volume,
and you know their capacities. So what

775
00:57:05.000 --> 00:57:08.239
are we doing to invite until those
people come? That's where you can say

776
00:57:08.360 --> 00:57:15.599
significant you know movements in the financial
market. Um. So for instance,

777
00:57:15.920 --> 00:57:20.880
um I want to invest, I
would like to go for say right now,

778
00:57:21.519 --> 00:57:24.519
there's just my personality opinion and I'm
like to going to go for women

779
00:57:25.440 --> 00:57:30.239
women back because of political reasons,
you know, the biggest investors, those

780
00:57:30.280 --> 00:57:36.760
to our investments. Now this addresses
empower. You know, there's a reasonable

781
00:57:37.480 --> 00:57:40.199
things that are going to going feeble
my back. But the point is,

782
00:57:40.320 --> 00:57:46.800
let's I put ten thousand dollars into
women back when I when I, when

783
00:57:46.840 --> 00:57:50.880
I try to when I, let's
let's say just stay abode of the present,

784
00:57:51.000 --> 00:57:53.159
and I try to take it and
I try to be cook my investment.

785
00:57:53.719 --> 00:58:00.719
I want to dose it translate back
to me enjoyed dollars something? It

786
00:58:00.880 --> 00:58:02.719
is something? Can you hear me
so that I hear you? And I

787
00:58:02.760 --> 00:58:06.679
think I get your question. There
are two questions of you're asking. The

788
00:58:06.840 --> 00:58:12.360
number one is the environment to invest. Number two is the repatriation. The

789
00:58:12.440 --> 00:58:19.440
repatriation will be the currency is you
know, the alternative is the alternative investment

790
00:58:19.559 --> 00:58:23.840
for me? In one month,
someone is speaking at the background ivejorment um

791
00:58:24.159 --> 00:58:30.400
the alternative investment. I mean,
if an investment and internet under percent,

792
00:58:31.039 --> 00:58:35.880
but translate it back two dollars,
it may not be up to ten percent

793
00:58:36.000 --> 00:58:39.239
or john percent profit good? You
know, So that's my point, like

794
00:58:39.400 --> 00:58:45.239
the alternative investment. How do we
call the risk of currency evolution in this?

795
00:58:46.480 --> 00:58:52.760
Yeah? Yeah, I think the
first question about the environment. There

796
00:58:52.800 --> 00:58:54.719
are two ways look at it,
like we can say is it a positive

797
00:58:55.519 --> 00:59:01.440
or is it negative? With that
look at and Nigerian liquefied natural gas in

798
00:59:01.760 --> 00:59:07.800
any part of the world, well
managed company stain the private products is the

799
00:59:07.960 --> 00:59:12.440
demand in any part of the world, this company will be a world better.

800
00:59:12.880 --> 00:59:16.320
But in Nigeria floods have caused them
to shut down. There they are

801
00:59:16.440 --> 00:59:21.280
gas outputs because they are floods and
they're stepped. I think they need power

802
00:59:21.360 --> 00:59:24.719
to pump the gas. So because
there's there's stept of the oil pipeline,

803
00:59:24.719 --> 00:59:28.440
they don't get power to pump the
gas. That's how I understand it.

804
00:59:29.000 --> 00:59:34.480
So the Nigeral Financial Gas has declared
force Majule to supply gas to Europe.

805
00:59:35.079 --> 00:59:38.199
This is only happening because they are
the Niger delta in any other part of

806
00:59:38.239 --> 00:59:42.599
the world to be a world class
company. So that's your point of making

807
00:59:42.599 --> 00:59:46.639
it the variate in Nigeria. It
makes it difficult for even well run companies

808
00:59:46.719 --> 00:59:50.760
to make money. And you are
right and no one can argue with that

809
00:59:51.000 --> 00:59:55.760
with you. They positive is this
war on Buffet says that you invest when

810
00:59:55.800 --> 01:00:00.960
people are feeling despondent, when there's
in the street, you invest and like

811
01:00:01.079 --> 01:00:04.840
people are feeling, you know,
bullish, that's when you pull out.

812
01:00:05.440 --> 01:00:08.599
Nigeria to me is a place where
if you want to take a risk,

813
01:00:09.480 --> 01:00:14.400
you put money in and if it
pays off, you make it big time,

814
01:00:14.639 --> 01:00:17.440
better than any other market in the
entire world. Right now, someone

815
01:00:17.480 --> 01:00:22.559
took a million, nine er a
million dollars and invested across Nigeria stock market,

816
01:00:22.039 --> 01:00:25.760
he could lose that money or he
could make two hundred percent return when

817
01:00:25.840 --> 01:00:30.199
night you are blows up, you
know, becomes profitable. That's the way

818
01:00:30.239 --> 01:00:32.320
it is. And there's no one
that can tell you this is the answer

819
01:00:32.960 --> 01:00:38.440
or this is what you do.
But you remember that the fluctuation, the

820
01:00:38.679 --> 01:00:43.679
risk is the reward. If you
invest in US stocks, you get the

821
01:00:43.800 --> 01:00:45.760
surety of six percent, but there's
no fluctuation. You know, you get

822
01:00:45.800 --> 01:00:49.960
the shorty own in surety. You
know you're going to make that six to

823
01:00:50.039 --> 01:00:52.960
eight percent, you know, because
hey, you know you're what you're getting

824
01:00:52.480 --> 01:00:55.599
now. You can make one hundred
percent or you can you can lose zero

825
01:00:55.639 --> 01:01:00.239
percent. So it's really inform of
you saying, can I take the risk?

826
01:01:00.400 --> 01:01:05.119
Is this money that I want to
through incode? This money that if

827
01:01:05.199 --> 01:01:07.760
I lose, it won't affect me
put in Nigeria. That's what I will

828
01:01:07.800 --> 01:01:14.760
say right. The second one about
your the currency risk for me, I

829
01:01:14.920 --> 01:01:19.679
like to copy what is working.
It's a company called Julius Beggar in Nigeria.

830
01:01:19.800 --> 01:01:22.840
They've been in Nigeria before many of
us were born. They've been in

831
01:01:22.960 --> 01:01:28.639
Nigeria. Are dealing with the government, so they understand the government. They're

832
01:01:28.880 --> 01:01:32.639
big company, they are German.
How do they get paid? How they're

833
01:01:32.639 --> 01:01:36.679
taking their money are because they get
paid in naira. But if they ever

834
01:01:36.760 --> 01:01:39.719
go to Julius Begger sites, you
see all their machines are important. So

835
01:01:39.920 --> 01:01:45.440
they have significant foreign exchange risk in
that they get paid in naira, but

836
01:01:45.559 --> 01:01:50.079
then importing their machines from Germany,
So how do they cover? Beggar has

837
01:01:50.119 --> 01:01:54.960
opened up a what this soybins?
That soy beans exporting factory in legals,

838
01:01:55.239 --> 01:02:00.079
So what is the beggar doing that? The government give them their payment to

839
01:02:00.239 --> 01:02:04.039
Nia, they take that narra cashe
sorry, they take that Nira. They

840
01:02:04.159 --> 01:02:08.800
buy cashe nuts in Nigeria and they
export out. In effect, they're exporting

841
01:02:08.920 --> 01:02:14.079
dollars, not cashee out of Nigeria
because they export the cashoe to Vietnam and

842
01:02:14.239 --> 01:02:16.840
get paid in dollars, so we
have to compy them. So important as

843
01:02:16.840 --> 01:02:22.000
saying I want to invest, if
you take a million dollars, that's gonna

844
01:02:22.039 --> 01:02:24.320
be if you do a patient and
that's gonna be five hundred million narra.

845
01:02:24.400 --> 01:02:29.280
In Nigeria, you can go to
a Budja. There's some asistance pure you

846
01:02:29.360 --> 01:02:32.360
can buy for five fred n and
they're gonna pay you rents maybe ten percent,

847
01:02:32.440 --> 01:02:36.920
so they pay you a fi fillionar
rent. If you think you're gonna

848
01:02:37.000 --> 01:02:39.960
take figon out as dollars every month
or every year, you're we see your

849
01:02:40.000 --> 01:02:43.679
time. It won't work. You're
gonna lose money because you won't get those

850
01:02:43.719 --> 01:02:47.800
dollars. But you have to look
for something that you can buy in Nigeria.

851
01:02:49.440 --> 01:02:53.679
Do you not hold their value or
to export out and get paid.

852
01:02:54.079 --> 01:02:58.679
That's what you have to do because
Julia's burger. That's what they're doing,

853
01:02:59.079 --> 01:03:01.559
and they're gonna stand the market if
they want to look to tell the president

854
01:03:01.920 --> 01:03:07.840
please force anything to give us our
dollars. And perhaps they have done that

855
01:03:07.920 --> 01:03:10.079
in the past, but now they
have seen the right on the walls and

856
01:03:10.239 --> 01:03:14.519
this is no longer a workable strategy. So we're going to also start to

857
01:03:14.599 --> 01:03:16.760
do export. So the same thing
with you, right, if you get

858
01:03:16.840 --> 01:03:21.440
paid in Nira, how can you
get your money out? Don't wait for

859
01:03:21.519 --> 01:03:24.239
the CBN. Look at airlines are
not being paid. The airlines are not

860
01:03:24.320 --> 01:03:27.719
being paid, so who are you. So you've got to look for a

861
01:03:27.800 --> 01:03:30.400
way. Either you do the crypto
boys, or you look for something to

862
01:03:30.559 --> 01:03:35.800
export and you get paid, this
is my own view on the matter.

863
01:03:36.119 --> 01:03:38.760
Or you leave the money in Nigeria. Then when they pay your rent,

864
01:03:38.960 --> 01:03:43.800
you buy more houses in Nigeria.
You build up a portfolio in Nigeria,

865
01:03:44.000 --> 01:03:47.880
seeing all the conscients change to allow
you to export. But if I wouldn't

866
01:03:47.880 --> 01:03:51.400
advise, and I want to say
I want to bring in one million,

867
01:03:51.679 --> 01:03:54.360
I will invest in Nigeria. Then
I'll take up my dividends or my whatever.

868
01:03:55.000 --> 01:03:59.519
I don't think that's a good process. You get stuck if you're been

869
01:03:59.639 --> 01:04:03.119
in it in think of beniting to
roll it over in Nigeria or your copy.

870
01:04:03.280 --> 01:04:08.880
Just begger to export something else.
That's my own advice. Don't get

871
01:04:08.920 --> 01:04:12.719
stuck. The airlines are stock.
Don't follow the airlines follow you. Just

872
01:04:12.880 --> 01:04:15.599
begger. That's how I put it. Right, All right, let's go

873
01:04:15.679 --> 01:04:20.880
to big Daddy, big dy you
got flosser kind of thank you for this

874
01:04:20.960 --> 01:04:28.360
space, um and to me is
valid point very bad. Yeah, I

875
01:04:28.400 --> 01:04:34.079
would stand with you in business model, it's something that's bad having those kind

876
01:04:34.119 --> 01:04:41.000
of business that bugage to break those
chains that will make me creep down and

877
01:04:41.119 --> 01:04:46.039
creeple your operations and your enemies.
But your question is how many businesses,

878
01:04:46.079 --> 01:04:50.920
even in band, how many busiens, how many compansations company have so strong

879
01:04:54.159 --> 01:04:59.840
that you can you can match up
that used to to get those operational issues

880
01:05:00.400 --> 01:05:03.599
way to make profits? How many
of those complaints right? And our market

881
01:05:03.719 --> 01:05:09.719
going than to how many of the
engineers have a very low facing them.

882
01:05:10.000 --> 01:05:14.679
When it comes to stock markets or
business model or understanding complais business mode.

883
01:05:15.400 --> 01:05:19.639
Even for you to get information,
you have to pay people and don't everybody

884
01:05:19.719 --> 01:05:27.039
have that understanding of how the business
or stock markets. So you have you

885
01:05:27.119 --> 01:05:32.920
have to look for huge investment bankers
or with managers who understand how to as

886
01:05:32.960 --> 01:05:40.440
the minds your wealth and to look
for it to get returns. So a

887
01:05:40.559 --> 01:05:44.599
lot of persons do not understand.
You stop to buy reality. You don't

888
01:05:44.639 --> 01:05:48.639
want as a hardy stock market to
goose how what you should look at people

889
01:05:48.719 --> 01:05:54.360
just as empty and share sell inshis
their money out. You don't know how

890
01:05:54.400 --> 01:05:58.639
I want to go out to the
market, when to invest in the markets

891
01:05:58.639 --> 01:06:03.519
to energy have people would rather go
and open a period business than you're going

892
01:06:03.599 --> 01:06:10.679
to stop back it. Maybe they
see that as physical cash or what can

893
01:06:10.960 --> 01:06:16.920
give any easily than looking at long
time values or probably having having to invest

894
01:06:17.000 --> 01:06:20.840
in big companies and you get play
out at the engine dividience at the end

895
01:06:20.880 --> 01:06:25.360
of the financial idea. So a
lot of people do not understand that,

896
01:06:25.440 --> 01:06:29.480
and a lot of people need to
preach it's not about having the parts every

897
01:06:29.599 --> 01:06:32.119
day and pep. Probably that's but
you also need to plan your world.

898
01:06:32.599 --> 01:06:36.800
If you ask people in the asperate
most times and you ask and you get

899
01:06:36.880 --> 01:06:42.119
business ideas from people are coming energy
and they're not talking smokes, they're not

900
01:06:42.239 --> 01:06:49.760
talking a sports. They're talking maybe
something petty businesses or many west rested zoie.

901
01:06:50.159 --> 01:06:56.119
They're talking about the mostly rested for
flats leader has put tenants in it.

902
01:06:56.239 --> 01:06:59.559
And I won't tell you about this. This probably this is business model

903
01:07:00.079 --> 01:07:05.320
complination going and buy store. If
we need to retreat the point where we

904
01:07:05.440 --> 01:07:12.360
say the microcom is in the environment, security applic schools matters a lot in

905
01:07:12.440 --> 01:07:18.320
investment. That's how he come back
to the government convention. What do you

906
01:07:18.400 --> 01:07:23.039
do take issues? But we wait? Do we wait? So? But

907
01:07:23.239 --> 01:07:26.599
we wait till it's one hundred percent
for our invest If you wait to one

908
01:07:26.679 --> 01:07:29.920
hundred percent, then the premium is
gone. That's where you're talking about shotting

909
01:07:30.000 --> 01:07:32.559
is carpulated risk, right, there's
not. That's not that. There's nothing

910
01:07:32.639 --> 01:07:39.559
like carpeted risk. Right. It's
risk right, I'm great. It depends

911
01:07:39.599 --> 01:07:43.360
on the risk level of that investor. They talk about we do have four

912
01:07:43.440 --> 01:07:47.159
investors in the market. Read tweet
from talking about how stock market is a

913
01:07:47.360 --> 01:07:53.320
not valued are in the stock is
because these guys are pulling out of an

914
01:07:53.400 --> 01:07:58.639
injurious system. People don't have a
confidence in the system or in the market.

915
01:07:59.079 --> 01:08:02.599
So that's where the pure investing the
market you are taking in injuries.

916
01:08:02.719 --> 01:08:08.960
And one way that when you're talking
about okay being poor in es change putting

917
01:08:09.000 --> 01:08:13.280
investment ad into the market need forests
are taking nats and doesn't make sense.

918
01:08:13.400 --> 01:08:16.159
You have to go around it and
see how you can pull it out your

919
01:08:16.239 --> 01:08:20.479
money through dollars. So it's about
you have been to say, okay,

920
01:08:20.720 --> 01:08:25.359
you're coming to the market. This
is how you want to please. If

921
01:08:25.359 --> 01:08:27.520
you are bleeding, you know that
you're breeding. Are you also talking?

922
01:08:27.520 --> 01:08:30.399
You can make tempers and you can
also make hundred percent returns. So that's

923
01:08:30.479 --> 01:08:35.520
just my take and I just wanted
to stand there's not some rest for the

924
01:08:35.600 --> 01:08:41.680
foreign guys on the investor. Nagia
right, Nigeria is how look at naga

925
01:08:41.760 --> 01:08:45.920
as San Francisco in the eighteen hundreds. In those days, if you look

926
01:08:45.960 --> 01:08:48.600
at someone wrong in San Francisco,
that will shoot you. If you look

927
01:08:48.640 --> 01:08:51.920
at if you build her, if
you someone passed his horse and you walk

928
01:08:53.000 --> 01:08:55.920
near the horse, oh you're disrepecting
me, they will shoot you. But

929
01:08:56.119 --> 01:09:00.119
because there was gold in San Francisco
but no law, so everyone moved in

930
01:09:00.199 --> 01:09:02.399
there. Some people got their goal, they were robbed. Some people got

931
01:09:02.439 --> 01:09:05.319
their goal, they exported. They're
going on the middle of money. There's

932
01:09:05.359 --> 01:09:10.359
a complete a guy called Levi Struss. He came to San Francisco right to

933
01:09:11.399 --> 01:09:14.640
find the goal. Didn't find goals. So here was a lot of abandoned

934
01:09:14.720 --> 01:09:18.760
tents and they start to make pants
of jeans out of abandoned tents. So

935
01:09:18.920 --> 01:09:24.680
today we were liby stress jeans.
The point I'm making is this, right

936
01:09:24.960 --> 01:09:30.880
in all this confusion in Nigeria,
there is a business opportunity that we have

937
01:09:30.079 --> 01:09:34.560
to see and take advantage of it. Because just like how San Francisco everyone

938
01:09:34.640 --> 01:09:38.439
to go for the goal, everyone
was dying, they were banded, they

939
01:09:38.479 --> 01:09:43.520
were robbing. This guy was building
a factory making jeans. My bandon tense

940
01:09:43.600 --> 01:09:45.359
because tents are where you can look
for gold. You don't find the goals,

941
01:09:45.359 --> 01:09:48.119
you're abandon your tents. So you
get those tends to watch them make

942
01:09:48.159 --> 01:09:51.039
gens. Why do the people and
the jeans because they are durable. So

943
01:09:51.239 --> 01:09:57.319
it's a it's a quote unquote motivational
analogy. But the point is that in

944
01:09:57.800 --> 01:10:04.079
it is the inefficiency that presents the
profit. Is the inefficiency that presents a

945
01:10:04.159 --> 01:10:09.039
property. There is no where in
America you want to build a power plant

946
01:10:09.800 --> 01:10:14.840
Nowhere, even in the village,
there's nowhere because there's no there's no return

947
01:10:14.920 --> 01:10:16.880
to power plant. What it means
that everyone already has power. So if

948
01:10:16.880 --> 01:10:20.359
you build a new power plants,
they're not adding anything to to there,

949
01:10:20.359 --> 01:10:24.159
not to emit there. Or you
want to build a new road, okay,

950
01:10:24.359 --> 01:10:29.239
maybe you can build a ten lin
and toilets, But what's the return

951
01:10:29.359 --> 01:10:32.079
you're going to make? Is not
good to be anywhere near If someone builds

952
01:10:32.119 --> 01:10:35.880
a real an American I want to
build a real from California to Nevada,

953
01:10:36.319 --> 01:10:40.920
so you can want to go Gambo. You also go from California to Nevada

954
01:10:40.960 --> 01:10:44.720
and Gambo. It's taking them decades. They can't build it. They're doing

955
01:10:44.760 --> 01:10:47.159
the environmental dis verroment that that lots
of issues. They can't build it.

956
01:10:47.960 --> 01:10:54.439
If you build in Nigeria now they've
decentralized railways in Nigeria. If you build

957
01:10:54.520 --> 01:10:59.359
legos to a bad railway connecting to
protacot reelway with me, someone can bring

958
01:10:59.439 --> 01:11:03.359
in content from legals or portacled moving
to a bar and also exports my bar

959
01:11:03.520 --> 01:11:08.119
on the chair. You are in
money. You are in money because the

960
01:11:08.199 --> 01:11:13.319
returns on such a real way it's
more than even the airline between carry cargo.

961
01:11:13.880 --> 01:11:16.600
It's even more than America. But
it's more because there's a risk that

962
01:11:16.680 --> 01:11:20.720
one look at America and we got
scattered the whole project. That's a problem

963
01:11:20.760 --> 01:11:25.720
with investing. There's a risk and
there's reward. The reward or the potential

964
01:11:25.760 --> 01:11:29.279
rewards in Nigeria are more, but
the risks are also high. Look at

965
01:11:29.279 --> 01:11:33.159
the guy that go Carda and Nigeria
doing a good business, good model.

966
01:11:33.439 --> 01:11:36.079
They want the State Works of Man
want them and says no, you can't

967
01:11:36.119 --> 01:11:39.840
do this even though they were license
to do it and they lost their money.

968
01:11:40.560 --> 01:11:42.760
So I get it, though I'm
not. You guys are making the

969
01:11:42.880 --> 01:11:46.399
right point. But the reward in
Nigeria is because there's a risk in Nigeria.

970
01:11:46.479 --> 01:11:49.119
That's that's really what it is,
you know, and you have to

971
01:11:49.359 --> 01:11:54.520
if you can't take that risk,
don't invest in Nigeria. If you think

972
01:11:54.560 --> 01:11:59.000
you are an go to California in
eighteen hundreds, leaving the tents, buy

973
01:11:59.159 --> 01:12:01.760
good, come to Nigeria. There's
a lot of rewards in there for you.

974
01:12:02.199 --> 01:12:05.880
If you wait for everyone to get
to California, if you wait for

975
01:12:05.960 --> 01:12:11.359
the federal government to get there to
make the place nice, beautiful and safe,

976
01:12:11.760 --> 01:12:14.840
then the return to go away because
it will be a legalized market now

977
01:12:14.960 --> 01:12:16.760
for Google, so you can just
buy good by yourself. It will be

978
01:12:16.880 --> 01:12:21.159
legal. Then the return to fall. You know, that's the whole idea.

979
01:12:21.319 --> 01:12:26.840
If you go now, you can
get in before the things get legal.

980
01:12:27.039 --> 01:12:30.279
In quote, if you wait for
it to get good, then you've

981
01:12:30.319 --> 01:12:34.479
lost that opportunity. That's how I
want to view it. Yeah, so

982
01:12:34.720 --> 01:12:38.640
bigger the thanks for that, big, big that have you spoken? Bigter

983
01:12:38.840 --> 01:12:44.800
Slonci all right, big, let's
go to aj Aj. What's on your

984
01:12:44.880 --> 01:13:00.279
mindself? Aj going once? Yeah? Yeah. And the issuance in the

985
01:13:00.319 --> 01:13:05.279
stock markets in the imperia, I
believe that is like if you're a willing

986
01:13:05.319 --> 01:13:11.119
into business, the hard risk be
had reward lord risk, blod reward.

987
01:13:11.920 --> 01:13:15.159
I was on I wasn't I was
on the stock market and chances to me.

988
01:13:15.760 --> 01:13:21.520
So there's some companies an idea that
the stops are currently training that I

989
01:13:21.680 --> 01:13:29.039
do know about the companies. It
has an opinio cope to almost seven billion

990
01:13:29.079 --> 01:13:33.279
a year and that's total stock markets
after capitalization is only to its pore billion.

991
01:13:34.239 --> 01:13:40.960
Those are opportunities that who can key
so if they want to that would

992
01:13:41.039 --> 01:13:45.119
read the dotal rewards down the line. The company is doing. The company

993
01:13:45.159 --> 01:13:55.600
is giving in our dividends almost said
k. That's the that that has done

994
01:13:55.640 --> 01:13:58.520
on investments. Yeah, but you
don't buy the stock if you if you

995
01:13:58.600 --> 01:14:01.479
want to buy a stock, right
you for me, look at earnings are

996
01:14:01.560 --> 01:14:04.039
important, true, but do you
have an idea of the cash. I

997
01:14:04.079 --> 01:14:08.319
didn't make any cash back. I
didn't pink cash and I highlyed a pink

998
01:14:08.359 --> 01:14:15.720
cash and they individends. That's what
I want to see. Yes, what's

999
01:14:15.760 --> 01:14:21.359
the company? It's bad. Oh
those guys are good. Yeah, I

1000
01:14:21.840 --> 01:14:28.680
yeah, that's that opportunity. I
believe that. I believe that that was

1001
01:14:28.720 --> 01:14:32.840
one of the most starts in the
interior, that opportunity, that that opportunity

1002
01:14:32.960 --> 01:14:36.319
has been taking. I won't lie
to you. There was a time that

1003
01:14:36.479 --> 01:14:40.199
company was an opportunity. But now
people have non a butt. That company

1004
01:14:40.199 --> 01:14:43.680
have been bought by and there's a
fund that bought them or something like that,

1005
01:14:43.800 --> 01:14:46.479
A brought into that company, so
they mark them out. So if

1006
01:14:46.560 --> 01:14:51.199
you're buying just because you're not on
the crest, that wasn't very very good

1007
01:14:51.199 --> 01:14:55.840
opportunity. Nagia from work because I
mean the model is crazy. Now they

1008
01:14:55.880 --> 01:15:01.079
had two hundred million Nigerians and you
must sleep, you must sleep, and

1009
01:15:01.239 --> 01:15:06.760
you must have a children's mooka film
viighter form. There's the main one fighter

1010
01:15:06.800 --> 01:15:11.479
form mooka Fomka from the guys from
Lebanon. Writers like that. So that

1011
01:15:11.840 --> 01:15:15.239
yeah, I do, Yeah,
a good opportunity I just hope that they're

1012
01:15:15.239 --> 01:15:18.399
not being fully maxed out. You
know, I forgot to mention this guy

1013
01:15:18.600 --> 01:15:23.560
was talking about taking money out of
Nigeria and nigients always have Wazo. There's

1014
01:15:23.600 --> 01:15:28.880
a company called new Gold ETF.
New Gold ETF Nigerians found out that if

1015
01:15:28.920 --> 01:15:32.640
you buy new Gold ETIP in Nigeria, you can sell the new Gold ETF

1016
01:15:32.760 --> 01:15:38.239
in South Africa for dollars of new
for rand. So that's new Gold became

1017
01:15:38.359 --> 01:15:44.600
the best selling ATF in all of
Nigeria. Because people will make their money.

1018
01:15:45.279 --> 01:15:48.880
They simply go and buy new gold
sell it in South Africa. It

1019
01:15:49.000 --> 01:15:53.600
was like money transfer. They didn't
care about the profit or loss. So

1020
01:15:54.079 --> 01:15:57.520
there's always a way if you have
a good investment advice that I would show

1021
01:15:57.560 --> 01:16:00.840
you how catch your money out of
Nigeria. But after a while it becomes

1022
01:16:00.880 --> 01:16:03.199
too expensive. And I look at
the price of new goals is so high

1023
01:16:03.239 --> 01:16:09.279
that if you buy to sell you
you know, the yield a little bit

1024
01:16:09.279 --> 01:16:12.279
are high. But age a good
call on that. Let me look if

1025
01:16:12.319 --> 01:16:15.560
I pull off vital foam here,
let's just see what it tells us together.

1026
01:16:15.880 --> 01:16:28.560
Are you buying yourself A yeah?
Just let yeah about it is not

1027
01:16:28.720 --> 01:16:35.439
that high. About yes, nineteen
n about two hundred and five a day,

1028
01:16:36.000 --> 01:16:42.439
very very low volume. Let's look
at let's look at their summary and

1029
01:16:42.600 --> 01:16:45.520
see what's happening there. The price
has gone down a bit in terms of

1030
01:16:45.600 --> 01:16:49.039
their volume or pretty much in thirty
four nets. Match. No, this

1031
01:16:49.199 --> 01:16:55.560
is not good return investments just fourteen
nets. Profit margin is seven not very

1032
01:16:55.680 --> 01:17:00.600
very good or pretty much in thirteen
percent. I'm not impressed. Yeah,

1033
01:17:01.039 --> 01:17:06.279
quick rasies. Yeah, that income
not a lot of yere operating cash,

1034
01:17:06.319 --> 01:17:10.920
but they don't have a lot of
cash mine or three point one seven operating

1035
01:17:11.000 --> 01:17:15.920
cash flow, yeah, net changing
cash. They don't have a lot of

1036
01:17:16.000 --> 01:17:21.239
cash, So I would I would
just look at the numbers a bit more.

1037
01:17:23.000 --> 01:17:26.520
But like I said, this this
opportunity was there before. It's now

1038
01:17:26.600 --> 01:17:29.680
been taken over. I think lots
of people put into this company. And

1039
01:17:30.159 --> 01:17:35.279
yeah, let me look at the
dividends that they've paid. The dividend yield

1040
01:17:35.439 --> 01:17:42.039
us that now it's about seven point
one seven last year about six, the

1041
01:17:42.159 --> 01:17:45.600
year before twenty one about seven,
twenty twenty about seven. So the average

1042
01:17:45.640 --> 01:17:50.399
dividend yield here is about six or
seven for by to four. Yeah,

1043
01:17:50.520 --> 01:17:59.199
so I mean you can get more
piecelypoton Nigeria bond. So yeah, that

1044
01:17:59.319 --> 01:18:04.079
was absolutely yeah, yeah, and
sorry I have another question. Yeah,

1045
01:18:04.600 --> 01:18:11.560
for all these penny stocks yeah win
stye. Let's say he stock has a

1046
01:18:12.600 --> 01:18:18.800
and have you treating landed treaty a
million? So if you buy a million,

1047
01:18:19.159 --> 01:18:24.680
NA want to stock? Well,
definitely that we moved the stock personal

1048
01:18:25.079 --> 01:18:30.760
of course, of course significantly.
I know a guy I was not illegally

1049
01:18:30.760 --> 01:18:32.920
if I said it. There's a
guy that I know it particular individual,

1050
01:18:34.439 --> 01:18:40.079
one guy. He was moving on
the price of particular stock he himself because

1051
01:18:40.119 --> 01:18:43.279
nobody was buying it. So remember
to look at how it works, right,

1052
01:18:43.680 --> 01:18:46.960
the market only allows the exchange only
allows the stock to move up by

1053
01:18:47.039 --> 01:18:53.079
five percent, only five percent add
So what it means is this if if

1054
01:18:53.159 --> 01:18:56.920
you go to this floor and it's
the one and A stock, if it's

1055
01:18:56.960 --> 01:18:59.720
on bid, that means people want
to buy. If it's on bid,

1056
01:19:00.560 --> 01:19:04.760
then people are buying. What the
post is the closing bid and the opening

1057
01:19:04.840 --> 01:19:09.000
bid. So if it's on bid
for one mira and you build for one

1058
01:19:09.039 --> 01:19:12.399
O five, they will fill your
order because you are building higher than the

1059
01:19:12.640 --> 01:19:16.560
current bid. So if the market
closes as your baid, you see on

1060
01:19:16.720 --> 01:19:20.920
new that the market close at one
o five. You remember, you remember,

1061
01:19:20.960 --> 01:19:25.640
So the next day, if the
market opens at one oh five and

1062
01:19:25.800 --> 01:19:30.960
nobody's biding and you bid for one
who six, they'll carry on the news

1063
01:19:30.039 --> 01:19:33.359
that the stock closed at one oh
six. This is what this guy was

1064
01:19:33.399 --> 01:19:36.680
doing. He was just buying the
share. So during the day, people

1065
01:19:36.680 --> 01:19:41.439
will trade, trade, trade book
and build for even fifty sixth couble,

1066
01:19:41.560 --> 01:19:45.319
it doesn't mind. But as the
share is about to close, he will

1067
01:19:45.399 --> 01:19:48.439
bid for one hora or for or
for fifty nine coble. The price was

1068
01:19:48.479 --> 01:19:53.079
going up every day, and they
take the closing price. So if you

1069
01:19:53.239 --> 01:19:56.920
pull up the share price, you'll
see that, oh, the stock X

1070
01:19:57.039 --> 01:20:00.680
has been going up in price every
day for thirty days. So you say,

1071
01:20:00.760 --> 01:20:02.479
wow, so the stock is gonna
be I price that todays. Oh

1072
01:20:02.560 --> 01:20:06.479
this day is a hot stock.
I'm going to buy. But it's nonsense.

1073
01:20:06.520 --> 01:20:11.640
It was one guy in a room
somewhere waiting for fighting for the market

1074
01:20:11.800 --> 01:20:15.039
ends to just bid higher. That's
all he was doing. So how can

1075
01:20:15.079 --> 01:20:18.000
you avoid this mistake? You have
to go back to the volume trader,

1076
01:20:18.239 --> 01:20:20.640
because if you look at the volume
trade, you see that this guy is

1077
01:20:20.680 --> 01:20:25.680
just buying one thousand stocks. It's
one thousand stocks making this shepherds to go

1078
01:20:25.760 --> 01:20:29.039
out number one and number two.
There's no change in the ending. Dividen't

1079
01:20:29.119 --> 01:20:31.560
yield endings, Everything stay flat.
Why was the guy doing it? Because

1080
01:20:31.640 --> 01:20:34.720
when he's doing it, when people
now catch on, you know, because

1081
01:20:34.760 --> 01:20:38.439
that was in days where I don't
know if you know, how do you

1082
01:20:38.520 --> 01:20:44.319
have the market aging? Right?
There is the guy called Aboloju. All

1083
01:20:44.479 --> 01:20:47.960
those guys making zero abologue that guy. Let me tell you some history.

1084
01:20:48.279 --> 01:20:53.760
There was a newspaper that was sold
in Nigeria on Mondays, Monday mornings,

1085
01:20:53.840 --> 01:20:59.000
Monday mornings. It was called Stockwatch. That newspaper used to cross a riot

1086
01:20:59.359 --> 01:21:01.199
and tell me and bridge. When
it comes out, people will leave their

1087
01:21:01.319 --> 01:21:08.399
car and be chasing the guy to
buy it. Stockwatch. That's magazine.

1088
01:21:08.479 --> 01:21:13.279
Oh my god. Because in Stockwatch
they will tell you the hot stocks for

1089
01:21:13.359 --> 01:21:16.640
the week. They will tell you
if you buy Stockwatch, you simply buy

1090
01:21:16.800 --> 01:21:21.000
all the stocks listed on Stockwatch and
go to sleep. Next week the stockach

1091
01:21:21.000 --> 01:21:27.640
and go up. What was happening
greater full theory because everybody was buying the

1092
01:21:27.720 --> 01:21:32.319
stop stocks on Stockwatch. On Stockwatch, then the stocks were going up.

1093
01:21:32.399 --> 01:21:36.199
In price. They used to hold
seminars in the catcher. I went for

1094
01:21:36.319 --> 01:21:40.720
one of those seminars. It was
so real. When you go for that

1095
01:21:40.840 --> 01:21:44.239
seminar, it's like you know how
they do churches, megachurch. That's how

1096
01:21:44.319 --> 01:21:47.279
they held that seminar. The entire
seminar is down to one thing. That

1097
01:21:47.399 --> 01:21:50.199
guy will come out. When you
come out, he will give you his

1098
01:21:50.399 --> 01:21:55.399
top ten stocks. I was there
his top ten stop when he stocking top

1099
01:21:55.479 --> 01:21:59.279
ten stocks. If you dear,
make noise, they might kill you there.

1100
01:21:59.279 --> 01:22:03.199
If you took you keep silence.
Everybody's writing down his top ten stoptic.

1101
01:22:03.239 --> 01:22:06.800
I will say number nine. He
will call us on the stock number

1102
01:22:08.000 --> 01:22:10.199
eight he called the stock. If
you like, don't write it down.

1103
01:22:10.199 --> 01:22:12.760
He will write down the top it
is live. Look if you guys fiction

1104
01:22:13.039 --> 01:22:16.880
live in they catch your warehouse.
He will quote the ten stocks. People

1105
01:22:16.920 --> 01:22:21.279
will live on Sunday with those Saturday
on those stop stocks. On Monday morning,

1106
01:22:21.439 --> 01:22:25.720
all those stocks on bid, all
those stocks put it down bid.

1107
01:22:26.359 --> 01:22:30.680
So it's a self fulfilling prophecy.
Because he says it is good stock,

1108
01:22:31.119 --> 01:22:35.279
people go to buy the got people
are buying. The stock goes up,

1109
01:22:35.399 --> 01:22:40.079
the volume goes up. There was
a lady, a Chinese lady, and

1110
01:22:40.359 --> 01:22:45.760
let me call her name Summing.
A Chinese lady had a shop on a

1111
01:22:45.920 --> 01:22:51.800
baby in the catcher that one shop
listed on the Nigerian Stop exchange. The

1112
01:22:53.079 --> 01:22:57.800
prize of her share was the price
of meatpie in her shop. But the

1113
01:22:57.960 --> 01:23:01.000
price of the stock price was rising
faster than the part of the meats by

1114
01:23:01.119 --> 01:23:05.039
in a stock. People are buying
it. That's that's one shopping look.

1115
01:23:05.079 --> 01:23:10.640
Maybe people are buying those stocks.
It was with boom. So it is

1116
01:23:10.640 --> 01:23:14.880
when you go borrow money and you
buy those stocks boom till the whole thing

1117
01:23:14.960 --> 01:23:18.000
crashed because in the end the market
plans fundest level, the whole thing crashed.

1118
01:23:18.079 --> 01:23:20.479
Why was it for mean low interest
that you borrow, You go to

1119
01:23:20.560 --> 01:23:24.520
the bank, the bank give you
a loan, You buy stocks. Those

1120
01:23:24.520 --> 01:23:28.000
are days of IPO. You buy
IPU, you make a lot of money,

1121
01:23:28.039 --> 01:23:31.479
but it all crashed back, you
know, so self fulfilling properses of

1122
01:23:31.600 --> 01:23:35.760
stocks and volume. You have to
careful you don't buy it on the stock

1123
01:23:35.880 --> 01:23:41.800
price. And it's a what you
want to basically use ag so ag and

1124
01:23:43.600 --> 01:23:45.640
if you are alive back then but
those are those are the fun days of

1125
01:23:45.880 --> 01:23:49.279
stock broking. So many people think
that they are stock investors because they simply

1126
01:23:49.319 --> 01:23:53.600
buy the stocks one is going up
and they certainly make money. That's only

1127
01:23:53.680 --> 01:23:56.680
the best thing. That's gambling.
You're you're taking a bet that the market

1128
01:23:56.720 --> 01:23:58.920
will go up, so you buy
those stocks. If you want to be

1129
01:23:58.960 --> 01:24:01.640
an investor, you've got to understand
how to read the balance, shape,

1130
01:24:01.680 --> 01:24:06.439
the cash flow, the incomptatement,
Understand what volume means to the market,

1131
01:24:06.600 --> 01:24:11.119
Understand what's pee means to the market. Right, and we also given told

1132
01:24:11.119 --> 01:24:15.520
the guys to about the police inspell
the general of the Inspector General of Police

1133
01:24:15.000 --> 01:24:20.399
that was using conducted money to buy
shares in two blue chip companies. And

1134
01:24:20.520 --> 01:24:24.359
those bluechip companies were going up in
price. I remember I was an universitent

1135
01:24:24.439 --> 01:24:28.000
buy back then were analysing Thistan,
why is the price going up? You

1136
01:24:28.039 --> 01:24:31.000
shouldn't be going off because nobody should
buy a thistignent rate. Every day the

1137
01:24:31.199 --> 01:24:36.079
price was going up if any price
those stocks are quoted, somebody was buying

1138
01:24:36.159 --> 01:24:41.520
that. Somebody was the ig because
he didn't care about returns. His cost

1139
01:24:41.600 --> 01:24:45.680
of capital was zero, So what
are the stocks too? That the whole

1140
01:24:45.720 --> 01:24:49.520
era of evener he didn't care.
He was using Corto money to buy stocks.

1141
01:24:50.680 --> 01:24:55.079
So that just says what will happened
in economy if corruption goes to the

1142
01:24:55.119 --> 01:24:58.760
stock markets, the market will blow
up. And that's what's happening back.

1143
01:24:58.760 --> 01:25:01.680
And so where I capital about buying
on pricing, the marketing itself should be

1144
01:25:02.039 --> 01:25:06.560
bought on endings, future and its
own current prices. Hey, Victor waterp

1145
01:25:06.600 --> 01:25:12.199
Man, Peter Sky, how you
don't thanks agi a pretiod of time.

1146
01:25:12.840 --> 01:25:16.439
Victor, you've got the floor,
Victor Welco man or a Victor is getting

1147
01:25:16.439 --> 01:25:20.119
busy. Let's get to get a
good guy. Martin watter Man, Martin

1148
01:25:20.239 --> 01:25:31.079
hy doing um hosting the space or
my questing the stock markets which act in

1149
01:25:31.199 --> 01:25:36.960
part of you answered by you my
western is um. I generally I know

1150
01:25:38.119 --> 01:25:43.239
just how they stopped stock market behave, which is somehow different from the other

1151
01:25:43.479 --> 01:25:47.680
in making economy like the US market, like in a high um an environment

1152
01:25:47.760 --> 01:25:53.199
where that the interest rate is rising, like the monitor point is rising.

1153
01:25:53.479 --> 01:25:57.319
I explained that the stock prices should
be should be going down. And also

1154
01:25:57.359 --> 01:26:00.279
I think it has felt the fruit
of any but I know the case in

1155
01:26:00.359 --> 01:26:02.359
Nageria. I just need a real
expression of that. You know it requires

1156
01:26:02.720 --> 01:26:06.760
it's different from the US stock market
aware, um different We announced the interest,

1157
01:26:06.920 --> 01:26:12.159
the policy, um the different fet
and you will see the immediate reaction

1158
01:26:12.239 --> 01:26:15.560
and invest or sleep. But the
stocks and cool. I think that some

1159
01:26:15.800 --> 01:26:18.000
lots of economical spelnd as well.
I think that's not why it happened.

1160
01:26:18.119 --> 01:26:23.960
Is your stock marketing. And I'm
pretty countries on the understand mum standing investor.

1161
01:26:24.199 --> 01:26:27.279
So I just want to understand that
you want to understand, you understand

1162
01:26:27.279 --> 01:26:33.079
how the third moves price and all
that, like um about resist the multi

1163
01:26:33.119 --> 01:26:38.960
police series. I think I should
affect the stock price um like that of

1164
01:26:39.000 --> 01:26:43.279
the US where different florities raised.
You notice the mart the market reacts by

1165
01:26:43.560 --> 01:26:47.960
may probably circle, well, that's
not it's not don't happening, not your

1166
01:26:48.000 --> 01:26:51.800
stock marketing. As most stock prices
stay flat. Fact the fact that the

1167
01:26:53.079 --> 01:26:57.640
multiple policies is eighteen percent and is
sirizing also as a stay going on.

1168
01:26:58.079 --> 01:27:03.119
Some of them stay flat. You
know, the affect market. I think

1169
01:27:03.159 --> 01:27:05.920
a good question, and I think
that two ways to explain. Number one

1170
01:27:06.039 --> 01:27:10.680
is this right in the how does
the US work? The US has got

1171
01:27:11.439 --> 01:27:17.720
we have small and medium sized compares
the samis in the US created jobs how

1172
01:27:17.840 --> 01:27:23.600
adults. Samis funded mostly from bank
loans because it's easier to get a bank

1173
01:27:23.680 --> 01:27:26.880
loan in the US, so and
credits in the US. So you have

1174
01:27:26.960 --> 01:27:30.960
a small Starbucks, let not say
maybe a smaller non branded coffee shop.

1175
01:27:30.279 --> 01:27:34.239
He's employing people, he has a
credit card, he buys his coffee,

1176
01:27:34.359 --> 01:27:38.640
he makes coffee, he sells his
coffee, all on credit. So when

1177
01:27:38.680 --> 01:27:42.199
he buys on credits, he sells
coffee, he gets paid, he kills

1178
01:27:42.239 --> 01:27:46.560
off his cit cardonis loans. That's
how a normal business abroad operates like lots

1179
01:27:46.600 --> 01:27:55.840
of credits, lots of consumer financing, and is binanced by institutions like banks

1180
01:27:55.880 --> 01:27:59.760
and even non bank constitutions. So
when the MPR or India own caves,

1181
01:27:59.800 --> 01:28:02.600
the FED rate goes up and down, it has a direct effect on that

1182
01:28:02.680 --> 01:28:09.279
coffee shop in the FED reduces interest
rates. Then he can borrow more from

1183
01:28:09.319 --> 01:28:12.479
his bank. He can go to
his bank and borrow more to buy a

1184
01:28:12.520 --> 01:28:17.479
coffee grinding machine or to buy a
new expressing machine because he can buy more

1185
01:28:18.039 --> 01:28:23.159
because it's a lower interest rate.
So it's a direct coalition that he because

1186
01:28:23.239 --> 01:28:28.239
he's connected to his bank, he
can borrow more and buy more in the

1187
01:28:28.359 --> 01:28:32.159
rates goes down samething. When the
FED races interest rates, his bank will

1188
01:28:32.239 --> 01:28:38.159
give him a higher costing loan.
So he doesn't borrow as small because I

1189
01:28:38.239 --> 01:28:42.279
want to borrow and again to debt. So he's like borrowing less because the

1190
01:28:42.399 --> 01:28:45.600
interest rates are higher on his credit
card and all that kind of stuff.

1191
01:28:45.640 --> 01:28:47.880
He can't hire people, but if
he hires people, he has to pay

1192
01:28:47.960 --> 01:28:53.039
the rubbers from debt. He gets
cleaned up when the customers pay. So

1193
01:28:53.119 --> 01:28:59.239
it's a direct coalition with the bank
rates at the level of spending by the

1194
01:28:59.439 --> 01:29:04.279
consumers. Well be because when we're
talking about the households and the and the

1195
01:29:04.520 --> 01:29:10.920
institutions, there's a direct collision between
how they spend and the cost of capital

1196
01:29:11.279 --> 01:29:17.159
because the bulk of their capital is
from the financial institutions that's offshore. If

1197
01:29:17.199 --> 01:29:21.680
you come to Nigeria, the bulk
of funding in Nigeria is not from the

1198
01:29:21.800 --> 01:29:29.079
financial sector as modified. It's a
statistic by the a Final the Enhancing Financial

1199
01:29:29.079 --> 01:29:32.159
Inclusion Nigeria. They say that only
it is less than five, but just

1200
01:29:32.520 --> 01:29:36.840
five to make it look nice.
Less than five percent of Nigerians have ever

1201
01:29:38.399 --> 01:29:42.000
assessed a bank loan in their life. Less than five. I didn't know

1202
01:29:42.119 --> 01:29:45.840
it's about three, so let's than
five. So if I start a coffee

1203
01:29:45.880 --> 01:29:50.600
shopping Nigeria, I'm not buying coffee
or buying a blender with bank loans.

1204
01:29:51.039 --> 01:29:55.199
Usually with my own money, my
own service, or my family and friends

1205
01:29:55.359 --> 01:29:59.920
or my rich uncle. That's give
me money. So if MPR goes up

1206
01:30:00.000 --> 01:30:02.000
poor down, doesn't affect me because
I'm not borrowing money from the bank,

1207
01:30:02.399 --> 01:30:05.439
doesn't affect if I hire people,
it doesn't really affect me, per see.

1208
01:30:05.560 --> 01:30:11.279
So that's number one that I don't
get affected in that. But the

1209
01:30:11.399 --> 01:30:15.439
real risk is that works in both
the US and Nigeria is in the risk

1210
01:30:15.760 --> 01:30:20.079
free rate. When the risk what
is the risk per rate? That is

1211
01:30:20.119 --> 01:30:27.119
the rate that the government of the
country borrows money at. So in America,

1212
01:30:27.319 --> 01:30:30.800
when the government wants to borrow,
when they issue a federal bond,

1213
01:30:30.600 --> 01:30:34.960
those bonds right now at about three
percent, they are usually about one percent

1214
01:30:35.039 --> 01:30:40.079
two percent. Why because the goverment
is very very safe. So because the

1215
01:30:40.159 --> 01:30:42.600
goverment is safe, they don't pay
a lot of interest. You get your

1216
01:30:42.640 --> 01:30:45.199
money back, so there's no risk
here, so they will pay you a

1217
01:30:45.399 --> 01:30:50.199
large interest. In Nigeria at the
risk perrate that's the treasured will be rate

1218
01:30:50.600 --> 01:30:55.760
and the federal bonds rate that's the
rate where you are borrowing to the best

1219
01:30:56.399 --> 01:30:59.920
best, So you're leading to the
best borrow which is the federal God.

1220
01:31:00.640 --> 01:31:03.399
If you buy lend to the government
for one year, the government will pay

1221
01:31:03.439 --> 01:31:09.239
you ten percent. So ten percent
is the risk pirity Nigeria. It's very

1222
01:31:09.319 --> 01:31:13.399
expensive. So what does it mean? It means that if I want to

1223
01:31:13.479 --> 01:31:18.039
do a business, that business must
pay me at least ten percent plus.

1224
01:31:19.199 --> 01:31:24.840
Otherwise I does invest in the government
bond at no risk and I make ten

1225
01:31:24.920 --> 01:31:29.680
percent. So when you see the
Federal the NPR and the entre Person Committee

1226
01:31:30.079 --> 01:31:34.239
say they raised interest rate to fifteen
percent, what should happen that all the

1227
01:31:34.399 --> 01:31:41.119
banks now lend your money at fifteen
percent plus? Witnesses too, is very

1228
01:31:41.239 --> 01:31:45.199
expended to get a bank in Nigeria. But so if I am that coffee

1229
01:31:45.279 --> 01:31:51.520
guy, why should I be employing
people, paying people paying epper to borrow

1230
01:31:51.640 --> 01:31:57.760
money at fifteen percent. Rather,
I'll take my money, sell my coffee

1231
01:31:57.760 --> 01:32:00.600
shop, close on the business,
and invest money in federal government bonds and

1232
01:32:00.760 --> 01:32:06.079
make ten percent risk free. So
you see the problem. If the MPR

1233
01:32:06.319 --> 01:32:11.880
goes to two percent. Then if
I under covery machine, why should I

1234
01:32:12.479 --> 01:32:16.279
put one in the bank and end
two percent. I'll rather go and redust

1235
01:32:16.359 --> 01:32:21.560
my covery machine, hire people and
make more than two percent because if I

1236
01:32:21.760 --> 01:32:27.560
do my business, I can make
more than the risk spirit of two percent.

1237
01:32:28.039 --> 01:32:30.600
So when the risk periit is at
fifteen percent, it's too high.

1238
01:32:31.279 --> 01:32:35.600
And then the the risk spirit is
at ten percent is too good, so

1239
01:32:35.840 --> 01:32:44.159
it kills sames. Why should an
same pay taxes take risk to make fifteen

1240
01:32:44.239 --> 01:32:47.520
percent where they can just give one
to the federal government and make ten percent

1241
01:32:47.720 --> 01:32:53.640
no stress. So that's the relation
in Nigeria with the MPR and the risk

1242
01:32:53.720 --> 01:32:57.920
pirit is too high, So what's
am cooler and longer taking risk? It's

1243
01:32:57.960 --> 01:33:00.199
not worth the time. Put your
one in the pen a government service bond

1244
01:33:00.439 --> 01:33:04.439
and make ten percent, so that's
it's cleaner. When America, why would

1245
01:33:04.439 --> 01:33:08.920
you take three percent when in pictient
is eight percent. So the runner start

1246
01:33:09.000 --> 01:33:14.479
the business because the business pays them
more than the risk pirate. That's why

1247
01:33:14.520 --> 01:33:18.520
you say I'm jointing business America because
they can only make wealth when they add

1248
01:33:18.840 --> 01:33:24.319
value. But when you're only taking
rents from the government, there's no value

1249
01:33:24.359 --> 01:33:27.520
adding that ten percent. So right
now, when you lose you but you

1250
01:33:27.640 --> 01:33:39.920
get the point I'm trying to say, Martin, risk pirate has to be

1251
01:33:40.039 --> 01:33:44.439
down. If it is down,
you force people to take risks to do

1252
01:33:44.600 --> 01:33:47.399
business. That's summary. If it
is too high, then people are not

1253
01:33:47.640 --> 01:33:51.239
incentive by They can simply put money
in the government and make their money back.

1254
01:33:51.319 --> 01:34:00.239
So it's not good, right,
ex Victor Watter, many those have

1255
01:34:00.359 --> 01:34:03.479
a go ahead. Okay, so
sorry, at the time I was friend

1256
01:34:03.560 --> 01:34:11.920
about my own story by the time
I cut my hot Okay, so um,

1257
01:34:13.119 --> 01:34:17.039
first off, almost I'm a soft
developer, right and then I'm to

1258
01:34:17.119 --> 01:34:21.680
stop and I'm you know, trying
to you know, to go new wish

1259
01:34:21.720 --> 01:34:26.439
to anyone. So and then you
stop on they seem like a very personal

1260
01:34:26.520 --> 01:34:30.880
plason to do that. Now,
I mean hearing about what you guys are

1261
01:34:30.039 --> 01:34:34.520
saying that you guys sound like you
know, so basically we know the Um.

1262
01:34:34.960 --> 01:34:40.079
I just want to know and need
some sort of advice as to where

1263
01:34:40.079 --> 01:34:45.000
I can start. That's that's it's
my question, thank you very much.

1264
01:34:45.560 --> 01:34:48.439
Okay, So um, question for
you like to just decade wise, how

1265
01:34:48.479 --> 01:34:55.760
old are you like Teddy Folly fifteen? Um, I'm okay, so young

1266
01:34:55.800 --> 01:34:59.079
guy, right, So I hear
you say you want to invest. Are

1267
01:34:59.119 --> 01:35:01.399
you invested to me long term money? Or are you investing to do like

1268
01:35:01.640 --> 01:35:09.359
short term cash out or investiate your
retirement? What's your objective investing? Oh?

1269
01:35:09.399 --> 01:35:13.119
Okay, so I hadn't really starved
those objectives, but I can get

1270
01:35:13.159 --> 01:35:17.479
around you don't getting things on interact
that uh you know the young money and

1271
01:35:17.640 --> 01:35:26.079
you too because of the fact,
um, I've got an InCor incore innect.

1272
01:35:27.239 --> 01:35:29.920
I hear you what I said that? Why are you investing? Are

1273
01:35:29.960 --> 01:35:33.399
you investing? Are you investing to
make long term like you want to just

1274
01:35:33.640 --> 01:35:38.640
have savings for long term or you
want to just maybe you want to just

1275
01:35:38.960 --> 01:35:41.880
wr money whilst you're waiting. Are
you a long term guys? Short term

1276
01:35:41.960 --> 01:35:48.159
guys? Okay? So the way
I might approach this to make the investments

1277
01:35:48.159 --> 01:35:54.439
that are long term, then much
okay. So what will happen if you

1278
01:35:54.600 --> 01:35:58.119
bought a stock today? You know
it's a good stock. You know it's

1279
01:35:58.159 --> 01:36:00.319
a good stock. Maybe you you
you haven't it guy? You know at

1280
01:36:00.399 --> 01:36:03.640
least technology is going to blow up
in the next year. So you invest

1281
01:36:03.680 --> 01:36:08.800
in this company, but the stock
price is down today, I mean stops

1282
01:36:08.880 --> 01:36:14.600
is going to go up tomorrow.
Would you sell that investment and cover your

1283
01:36:14.680 --> 01:36:16.359
laws and just quit? Or would
you that way? Man, if it's

1284
01:36:16.399 --> 01:36:21.119
two years till that stock mix is
promised to become reality, what would you

1285
01:36:21.199 --> 01:36:25.520
do if you invest money the next
two years stock is as it is,

1286
01:36:25.640 --> 01:36:29.039
really making the laws? Would you
sell? Cut losses? So would you

1287
01:36:29.279 --> 01:36:30.920
like to hold on for two years
and see what will happened? What do

1288
01:36:31.000 --> 01:36:40.279
you think you do well? And
basically the stop let me see the boy

1289
01:36:40.359 --> 01:36:45.600
stop to lend tomorrow shape, but
the next one year not going anywhere,

1290
01:36:46.439 --> 01:36:51.600
and I think the Russian art team
will be okay. So I mean,

1291
01:36:53.079 --> 01:36:56.239
so if you came to me and
you you gave me this answers to given

1292
01:36:56.279 --> 01:36:58.760
to me, I would say a
moral like a short term You know,

1293
01:36:58.880 --> 01:37:02.359
your trading guy, you are looking
more less as you know, making a

1294
01:37:02.439 --> 01:37:08.039
return on invested capital in a short
time. So that's a trading or trading

1295
01:37:08.079 --> 01:37:11.039
mindset on a long term guy.
So when you are trading, you want

1296
01:37:11.079 --> 01:37:15.520
to be very very careful because you
are looking for signals. You're looking for

1297
01:37:15.079 --> 01:37:19.800
market momentum, you're looking for news. You are trading on news. It's

1298
01:37:19.800 --> 01:37:24.039
a very, very difficulty to do. I don't like to advise p put

1299
01:37:24.119 --> 01:37:30.800
on this particular spectrum because you are
literally trying to trade against the mindset of

1300
01:37:31.039 --> 01:37:33.960
orders. If I think that a
stock is going to go up, you

1301
01:37:34.039 --> 01:37:36.760
are only going to go down to
us put our money on the table.

1302
01:37:38.159 --> 01:37:41.479
One of us have to win,
one of us going to lose. So,

1303
01:37:41.680 --> 01:37:45.720
but I hear what you're saying,
I would like to put because to

1304
01:37:45.840 --> 01:37:47.520
teach you how to trade it is
a different topic entirely. You have to

1305
01:37:47.640 --> 01:37:53.840
understand how the market moves and where
to place the bet and at what price

1306
01:37:54.359 --> 01:37:57.399
to be to place the bet.
In your skates, Victor, you are

1307
01:37:57.479 --> 01:38:01.279
interested in the price of the stock, not in the value of the stock.

1308
01:38:01.720 --> 01:38:04.800
Souch a different discussion. You're looking
at the price. You're asking yourself

1309
01:38:04.840 --> 01:38:09.720
it's the price over priced? Or
on the price? Are you are doing

1310
01:38:09.760 --> 01:38:13.680
this against what's called the intrinsic value? You have to read to put all

1311
01:38:13.720 --> 01:38:15.000
this stuff to under standard. Is
that you're training you're like more, that's

1312
01:38:15.000 --> 01:38:18.279
a truer guy. But if you're
a beastible long lea, yeah, go

1313
01:38:18.319 --> 01:38:26.520
ahead, sorry, sorry for cousin. Please, So if you have to

1314
01:38:26.880 --> 01:38:33.520
advise so like I'm commonly a very
blunt right, so willing to them.

1315
01:38:33.680 --> 01:38:39.159
So I just gave you something that
in my head in contain right, So

1316
01:38:40.119 --> 01:38:46.279
you are sad price even advice to
somebody who knows so much about being answers.

1317
01:38:46.520 --> 01:38:53.000
Right, Oh you're a person.
Let me for your age, for

1318
01:38:53.119 --> 01:38:59.039
your age right context, Sorry,
he's I gotta gotta be fast. You

1319
01:38:59.119 --> 01:39:06.680
gotta be fast. So wholes from
your and then there alternatives income for me,

1320
01:39:08.239 --> 01:39:11.680
especially when it comes to text,
so I can't they will software rights

1321
01:39:11.880 --> 01:39:15.119
with and all of that. I
can make money come to data. Right.

1322
01:39:15.159 --> 01:39:18.600
So if you are to advise,
knowing that episode of that other alternatisodes

1323
01:39:18.640 --> 01:39:23.920
of income for me, right,
alto to tell me some sort of stop

1324
01:39:23.960 --> 01:39:28.439
investment, I would victor, I
would say you should make your money in

1325
01:39:28.600 --> 01:39:31.960
your core is or business this tech
and look at the financial markets as a

1326
01:39:32.000 --> 01:39:38.239
way for you to hedge your income, hedge your income the stock market.

1327
01:39:38.560 --> 01:39:41.279
So let me, let me,
let me finish talking. What I'm what

1328
01:39:41.399 --> 01:39:44.760
I want you to do is to
say I have a job in the software,

1329
01:39:45.159 --> 01:39:48.000
but I want to make revenues.
I want to make long term revenues

1330
01:39:48.199 --> 01:39:53.640
or income or savings using the capital
market to help me out. You are

1331
01:39:53.720 --> 01:39:57.479
below thirty, you are very very
young, which means you have the benefit

1332
01:39:57.640 --> 01:40:01.000
of compounding in your favor. If
you took out ten percent of your income

1333
01:40:01.119 --> 01:40:04.239
ten percent of your income and you
invested it, that's before you're not going

1334
01:40:04.279 --> 01:40:08.880
to pay tax on that because if
you do an arressy, if do a

1335
01:40:08.920 --> 01:40:13.560
retirements invest account, you take that
money away from your income from taxes,

1336
01:40:13.600 --> 01:40:15.039
so they won't tax you on that. As a first advantage you get there.

1337
01:40:15.399 --> 01:40:17.720
If you were to do that,
you put the money into an arressy

1338
01:40:18.039 --> 01:40:23.399
or you invest on your own,
then you're building up yourself a portfolio in

1339
01:40:23.479 --> 01:40:28.960
the future that should engine happen to
your career, you have at least put

1340
01:40:29.039 --> 01:40:32.479
some money aside that we use the
base of compounding to get your assets in

1341
01:40:32.600 --> 01:40:38.720
future. I would as I would
say, let time value of money be

1342
01:40:38.800 --> 01:40:44.000
your friend. Take money aside,
invest it and forget about it. Look

1343
01:40:44.039 --> 01:40:48.000
for an ATF that invest in blueship, dividend, paint stocks in dollars,

1344
01:40:48.760 --> 01:40:54.720
buy it, reinvest your dividends,
and leave it alone. Just be consistent

1345
01:40:54.800 --> 01:40:57.760
with how much you're gonna take from
your current income so you get paid the

1346
01:40:57.800 --> 01:41:04.319
talent error. Take ten percent invest
in your portfolio blue chap equity based dividend

1347
01:41:04.439 --> 01:41:10.359
pain atf invested, I'm forget about
it. Rule over your dividence back and

1348
01:41:10.920 --> 01:41:15.159
that becomes an investment pulling for you. It's a hedge against you losing income

1349
01:41:15.800 --> 01:41:18.479
when you walk in the IT state. That's there. They fast paced.

1350
01:41:19.119 --> 01:41:23.880
That's what I would advise that you
do. It's got no fallbacks. You

1351
01:41:23.960 --> 01:41:27.279
are younger, you can take the
risk, and I want you to look

1352
01:41:27.359 --> 01:41:30.920
more of longer term. You can
have a second popular trade, but do

1353
01:41:30.039 --> 01:41:34.600
this one first. Better. Gonna
move on if you yeah, water,

1354
01:41:36.319 --> 01:41:42.359
yeah, let me just I think
this just a tapulches of people who just

1355
01:41:42.840 --> 01:41:47.399
us and get funds directly because it's
for standards. I think the usually don't

1356
01:41:47.439 --> 01:41:53.319
understand the stock market so much.
For this kind of customer, you have

1357
01:41:53.520 --> 01:41:58.039
phasiness. This kind of customer enviromental
manage. A customer usually advise people that

1358
01:41:58.119 --> 01:42:00.800
want to get the stock market just
go with the staple stocks first, to

1359
01:42:01.000 --> 01:42:05.159
look at those companies who are profitable, those who are any and they're giving

1360
01:42:05.159 --> 01:42:10.520
them payers compared to the share price. So I would just drive that.

1361
01:42:10.960 --> 01:42:13.119
If he says, you just want
to look for it because it seems like

1362
01:42:13.319 --> 01:42:17.000
someone just want to put money so
gay that's going to eat investment. Maybe

1363
01:42:17.000 --> 01:42:21.239
he has someplace forms that is not
using. I just want something that could

1364
01:42:21.279 --> 01:42:26.720
just generates revenue for him at the
end of the year for his counting his

1365
01:42:26.800 --> 01:42:30.239
financial games. I don't think you
should just look at the staple stocks.

1366
01:42:30.359 --> 01:42:32.680
You have quite a good number of
staple stocks that have the form over the

1367
01:42:32.800 --> 01:42:38.000
years, and you could start off
with that to understand the market can at

1368
01:42:38.039 --> 01:42:42.399
maybe valid points. But if you
feel probably you've seen it particularly it seems

1369
01:42:42.399 --> 01:42:46.520
like someone who does not understand so
much about how edge forms and stock market.

1370
01:42:46.600 --> 01:42:49.439
Well, so you could start with
that and do your own personal as

1371
01:42:49.560 --> 01:42:56.079
is all. You could sourceful u
consultants who under standing market everthing, guys

1372
01:42:56.119 --> 01:43:01.960
who can give a better advice for
me because just three invest from d Yeah.

1373
01:43:02.039 --> 01:43:08.199
Why why I recommended again it is
recorded space. Why I recommend ETFs

1374
01:43:08.399 --> 01:43:12.199
is one it diversifies what is buying. He doesn't know anything about the market.

1375
01:43:12.439 --> 01:43:15.039
So let's say he went to both
and both say two markets, I

1376
01:43:15.119 --> 01:43:18.279
bought Nigeria and America. So he
would buy someone like say vt I that's

1377
01:43:18.279 --> 01:43:24.560
an ETAR that would diversify his investment
to the US market at a very very

1378
01:43:24.640 --> 01:43:29.199
low cost. You can getting at
very very low cost diversified. He's buying

1379
01:43:29.239 --> 01:43:33.279
a basket of more than four thousand
shares in that particular at year. Then

1380
01:43:33.359 --> 01:43:38.800
he invest his dividends, so he's
growing, he's brother, he's broading is

1381
01:43:38.880 --> 01:43:43.119
based, he's reducing his average costing, and he's buying into an asset class

1382
01:43:43.239 --> 01:43:47.359
equities which over the long term has
shown to make a return that beating inflation.

1383
01:43:47.399 --> 01:43:50.760
Remember he's getting his dividence in dollars, so he's divers fund away from

1384
01:43:50.840 --> 01:43:57.399
Nigeria, away from the Nigerian currency
and the geographing into the missile. He

1385
01:43:57.560 --> 01:44:00.359
also buying Nigerian stocks. Again,
I like the t for t is probably

1386
01:44:00.359 --> 01:44:06.600
the m x MXCI Nigerian eter to
tick the ticker is NGE. If you

1387
01:44:06.720 --> 01:44:11.279
buy that at for Nigier, he's
buying the top tet stock in Nigeria.

1388
01:44:11.560 --> 01:44:15.079
That's empty n ACCESS. You be
a send it than good to cement all

1389
01:44:15.239 --> 01:44:19.039
in that atar. So we're making
just two investments. You are buying the

1390
01:44:19.159 --> 01:44:24.640
best or you're buying the American market. You're buying the Nigerian market. Then

1391
01:44:24.760 --> 01:44:28.880
you are investing your tip them so
you are bing an equity play long term

1392
01:44:28.960 --> 01:44:32.640
play into the groups and direction of
these two geographies. That's how I would

1393
01:44:32.640 --> 01:44:35.560
approach it, right, So that
way, even if you are wrong in

1394
01:44:35.720 --> 01:44:40.760
one particular stalk, because you're buying
into a basket, the other stocks help

1395
01:44:40.840 --> 01:44:44.239
you out right, That's what I
would save Coffee is age and all that.

1396
01:44:44.399 --> 01:44:47.680
Although his objective was not to go
long term, but I don't do

1397
01:44:47.800 --> 01:44:51.399
short term treating because that needs a
lot of knowledge. To be a short

1398
01:44:51.479 --> 01:44:56.279
term treat that you need a lot
of knowledge. It's easier to go long

1399
01:44:56.439 --> 01:45:00.279
terms just and want to buy into
this sect and just hold them. And

1400
01:45:00.399 --> 01:45:02.880
they say want to buy and trade. Traders have a lot that they learn

1401
01:45:03.239 --> 01:45:06.720
and how they execute they are trades. I'm also need financing, so I

1402
01:45:06.760 --> 01:45:12.399
will start off with long term trade. Learn the market before then we'll go

1403
01:45:12.479 --> 01:45:15.439
into short term trade. Guys will
go from ten minutes to go. So

1404
01:45:15.600 --> 01:45:18.439
I just thought, my friend Vincent
just corrected me. Thank you Vincent for

1405
01:45:18.560 --> 01:45:23.600
all. That's number one. If
the market only allows ten percent, you

1406
01:45:23.640 --> 01:45:26.399
know, I said five percent,
it's been increased to ten percent. So

1407
01:45:26.520 --> 01:45:30.479
the stocks can only go up and
down by ten percent a day. So

1408
01:45:30.199 --> 01:45:34.319
that's how fast you can go ten
percent up and down in a day.

1409
01:45:34.560 --> 01:45:39.520
And he said, what, my
friend dis market manipulation. Yes, exactly

1410
01:45:39.520 --> 01:45:42.920
the points I'm making Big Things said. Back in those days you could say

1411
01:45:42.960 --> 01:45:45.439
those things. You could have been
disciper and say these are the top ten

1412
01:45:45.479 --> 01:45:48.439
stocks, and it was. There
was no rules. I gave that.

1413
01:45:49.000 --> 01:45:53.079
That was why they were doing it
and making a lot of money. People

1414
01:45:53.079 --> 01:45:56.640
will come on air and say,
go and buy these particular stocks because they've

1415
01:45:56.640 --> 01:46:00.520
already brought them. So when you
buy them, you're buying what they already

1416
01:46:00.600 --> 01:46:03.279
bought, so you're making money for
them. It's called front running. It's

1417
01:46:03.319 --> 01:46:08.039
illegal. But what didn't back then? The name I don't call his name,

1418
01:46:08.079 --> 01:46:10.760
but it was stock Watch. Yes, his name was family, Yes,

1419
01:46:10.880 --> 01:46:15.439
I get that. Then the restaurant
it was called Big Treat. Yeah,

1420
01:46:15.520 --> 01:46:18.199
thanks for life. I forgot this
this business. So thanks for reminding

1421
01:46:18.279 --> 01:46:29.439
me about this company name manfully hiding, Thank you anywhere broke ahead? Yeah,

1422
01:46:29.640 --> 01:46:35.159
So my question a very short one. So IM practically needs to invest

1423
01:46:35.239 --> 01:46:47.079
in I'm an account on account and
so I possibly share for capital recently did

1424
01:46:47.159 --> 01:46:51.520
yeah, I opinion, So I'm
trying to you know, um buy started

1425
01:46:51.680 --> 01:46:58.760
long term actually the Montreal basis.
Yeah, so first of forms actional how

1426
01:46:58.920 --> 01:47:05.840
to you know, money pushes you
know basically books and then maybe companies or

1427
01:47:05.920 --> 01:47:15.159
apps using or nutritious So where you
based? Okay, So I mean if

1428
01:47:15.239 --> 01:47:19.720
you I will just give you the
three SEC registered companies in Nigeria. There's

1429
01:47:19.840 --> 01:47:26.760
Chaka, there's cowing Wise and I
Blatter's Bamboo. I think on all those

1430
01:47:26.760 --> 01:47:30.680
street apps, Chaka, carter Wise, Bamboo, you can actually hit the

1431
01:47:30.960 --> 01:47:33.760
you can hit the search page and
you can they break it down for you

1432
01:47:33.880 --> 01:47:36.520
by objectives and all that kind of
stuff, and they give a lot of

1433
01:47:38.880 --> 01:47:43.199
classification of equities, bond shares and
all that you can actually track. They

1434
01:47:43.279 --> 01:47:45.760
have watch list that you can put
this back store tracking or eat if your

1435
01:47:45.880 --> 01:47:49.319
track it and they can track it
for you. So any of those apps

1436
01:47:49.399 --> 01:47:53.920
can do that for you. There
are apps that you can use to invest

1437
01:47:54.039 --> 01:47:59.720
abroad directly, like robin Hood is
very popular, but you have to have

1438
01:48:00.079 --> 01:48:02.119
socials. You can number to have
Robinhood. So if you don't have a

1439
01:48:02.159 --> 01:48:05.159
suggest a good number hours, go
with this Tree and Chuck apps. They're

1440
01:48:05.199 --> 01:48:10.399
pretty good and they're second listed right, So yeah, that's what you want

1441
01:48:10.399 --> 01:48:15.760
to do all right, Yeah,
thanks for How about what's the difference between

1442
01:48:16.880 --> 01:48:24.800
Carl Wis Chuck and Mary Stime carrying
O Stone and the like. It's just

1443
01:48:25.000 --> 01:48:29.479
that it's just that Chacka is an
app on your phone. I think Marthem

1444
01:48:29.520 --> 01:48:32.520
also has an app. Marythtem is
there are brokerage. They're brokerage company like

1445
01:48:32.560 --> 01:48:36.960
a stock broker license. Bad is
not just stock exchange second order. So

1446
01:48:38.079 --> 01:48:40.600
you can actually go to them and
say you want to buy. But what

1447
01:48:40.920 --> 01:48:43.199
check at them do is that they
put on your phone. You know,

1448
01:48:43.279 --> 01:48:45.439
it's like you can buy abroad.
You can see on the phone you can

1449
01:48:45.560 --> 01:48:49.600
buy a fractional share of a company
abroad. That's really what they're doing is

1450
01:48:49.640 --> 01:48:53.800
like going to the airport to buy
a ticket or buy the ticket on your

1451
01:48:53.840 --> 01:48:57.319
phone, like going to the Expedia. So it's just it's just Expedia for

1452
01:48:57.399 --> 01:49:00.279
stocks. That's what they're doing.
Nothing different. The checkout will still go

1453
01:49:00.399 --> 01:49:04.119
to Menistem or any other lookout stops
you to buy in the local stock,

1454
01:49:04.520 --> 01:49:08.680
but doesn't make it easier for you
to put you up for you that's all

1455
01:49:08.720 --> 01:49:15.199
you're doing. Yeah, just yes, you're welcome from ox College. What's

1456
01:49:15.239 --> 01:49:20.000
up fifty minutes guys, we're gonna
shut down on the hour, so let's

1457
01:49:20.000 --> 01:49:25.039
just take it down here. Ox
collar is a good flow. Okay,

1458
01:49:25.680 --> 01:49:30.840
good, it was a man,
I'm good, so M thank you very

1459
01:49:30.920 --> 01:49:35.960
much for that brief info you give
about Vega Julius Vega about how they get

1460
01:49:36.039 --> 01:49:41.239
to retrieve cash. So my question
is, is I wanted to, like,

1461
01:49:41.920 --> 01:49:45.399
if you are to put your being
the place of someone that is sitting

1462
01:49:45.479 --> 01:49:49.960
on about let's say five K to
thank K dollars and you want to actually

1463
01:49:50.000 --> 01:49:56.119
invest in Nigeria and you're expecting a
passive income out love, if you could

1464
01:49:56.159 --> 01:50:00.520
give like treaty four options you could
get to invest in which boys of like

1465
01:50:00.159 --> 01:50:04.159
by k to thank dollars to get
passive income? Thank you very much.

1466
01:50:04.560 --> 01:50:08.640
Yeah, So all I would do
is that I'll go to Google and I'll

1467
01:50:08.720 --> 01:50:14.000
Google and I'll just typing. I'm
highest dividend paying stock to Nigeria, dividend

1468
01:50:14.159 --> 01:50:18.520
yield, not dividend highest dividend paying
yield stocks Nigeria. So let me let's

1469
01:50:18.560 --> 01:50:23.359
let's do that together. So I'm
my Google, I just start typing Nigerian

1470
01:50:23.479 --> 01:50:31.920
stalks. I'm just typing myself talked
to Nigerian stocks stocks weight high dividend yield.

1471
01:50:32.039 --> 01:50:36.520
That's what's going to give us.
Yeah, and it gives me a

1472
01:50:36.560 --> 01:50:42.359
big It gives me a list here
you see, ap, it gives me

1473
01:50:42.399 --> 01:50:45.760
a whole list. Here do you
do? Do you do yours? What

1474
01:50:45.880 --> 01:50:49.199
did they give you? Yeah?
I think I'm seeing as says Cope month

1475
01:50:49.279 --> 01:50:55.920
side DMS and its dividends yield as
at twenty twenty two or so. That's

1476
01:50:55.960 --> 01:50:58.920
what's so that that's basically an answer
for you. It's going to give you

1477
01:50:58.960 --> 01:51:02.479
a percentage. Why it's giving you
a percentage that you can compare divided yield

1478
01:51:02.520 --> 01:51:08.079
of a stock to the to the
rental yield of a property to the to

1479
01:51:08.199 --> 01:51:13.439
the coupon yield of a bond.
So you want to compare the dividend deal

1480
01:51:13.520 --> 01:51:17.239
on the stocks to see Nigerian's bonds. So again you go to the Google

1481
01:51:17.239 --> 01:51:23.279
A. You're typing what is the
yield to maturity? The top of bonds

1482
01:51:23.399 --> 01:51:27.600
is going to be yield to maturity
if you're going to hold it to the

1483
01:51:27.720 --> 01:51:31.119
period of just typing yield, what
is the yield on the federal government bond

1484
01:51:31.560 --> 01:51:36.319
or saving your case, savings bond, savings bond, just typing yield of

1485
01:51:36.399 --> 01:51:40.439
a savings bond. The answer is
where they just sold some last week.

1486
01:51:40.479 --> 01:51:45.119
I think it was thirteen point two. So you compare what's your concern?

1487
01:51:45.880 --> 01:51:49.439
Okay, like as our last year
around November last year, isn't them?

1488
01:51:49.680 --> 01:51:55.399
I use them as we invest to
actually make investments. So my contint is

1489
01:51:55.560 --> 01:52:01.159
since I am converting from from foreign
quaranty to Nina, I don't actually wise

1490
01:52:01.239 --> 01:52:08.079
to get to do agency means pot
because of the Nia evaluation and also the

1491
01:52:08.199 --> 01:52:12.720
inflation rates because me could put my
money back. Okay, so pause,

1492
01:52:12.800 --> 01:52:15.359
so pause, so pause. So
if you have dollars, you want to

1493
01:52:15.520 --> 01:52:18.119
dollars, so it take you Google. You asked me you want to buy

1494
01:52:18.279 --> 01:52:21.840
Nigerian stock to give the stock,
so change niger to US stock. So

1495
01:52:21.920 --> 01:52:26.840
just put US stocks with the highest
dividency of typing of Google. And what

1496
01:52:26.920 --> 01:52:35.640
does it give you? Okay,
how does it give you? It's gonna

1497
01:52:35.680 --> 01:52:40.159
give you lots of ets. I
like eights again because you are actually a

1498
01:52:40.399 --> 01:52:45.520
very very cheap in quote if compared
to buying direct. So you're just type

1499
01:52:45.560 --> 01:52:49.319
in you can just type in eat
US ets with high thing, then yield

1500
01:52:49.560 --> 01:52:55.960
US etars with higher thing. Right
US eight years I prepared I want.

1501
01:52:56.920 --> 01:53:00.920
What do they give you? I
have some here. It's giving me already.

1502
01:53:01.039 --> 01:53:09.000
I have no Golobal and all those
stuff, all those wants it gives

1503
01:53:09.000 --> 01:53:13.840
you. So now you want to
be careful with just buying on returns.

1504
01:53:13.880 --> 01:53:15.960
But because you said you're looking for
a dividends, that's why you're doing this.

1505
01:53:16.640 --> 01:53:24.760
I like Vanguard and Fidelity or Fers
and Investue because they are larger,

1506
01:53:24.960 --> 01:53:29.840
so their cost is cheaper. You
look at the the what's called the expense

1507
01:53:30.079 --> 01:53:32.560
ratie, so you're not getting dividends
in one hand, and they're charging your

1508
01:53:32.640 --> 01:53:36.600
interest or cost on the hand.
The point I'm making that as long as

1509
01:53:36.680 --> 01:53:41.000
you know what you want to buy
people without going through a brook and you

1510
01:53:41.079 --> 01:53:45.319
can do it online yourself. It's
just the platform that you need. So

1511
01:53:45.840 --> 01:53:49.359
it has the answer right there.
You can now compare your dividend yield with

1512
01:53:49.680 --> 01:53:54.399
any other investment yield out there,
and you're say, okay, if I

1513
01:53:54.520 --> 01:53:58.840
want stocks that have good in then
you also good. Look at the five

1514
01:53:58.960 --> 01:54:02.600
ps dibiliendity. So another's bier stock
that has just tu for one year,

1515
01:54:02.640 --> 01:54:06.640
look at the five or even ten
year dividendal and you you just compare that.

1516
01:54:06.880 --> 01:54:11.159
You pick the best and then you
go for it. If Fancard has

1517
01:54:11.279 --> 01:54:15.800
by M s c HD, they
are property doing the nyields. They are

1518
01:54:15.880 --> 01:54:19.279
stock individend deal so there are stocks
that they are eating. That invest in

1519
01:54:19.399 --> 01:54:25.960
stocks, it is investing in real
estate et investing alternatives. It's really what

1520
01:54:26.199 --> 01:54:30.800
you want to achieve. You have
to invest aquity objective. Yeah, yeah,

1521
01:54:30.880 --> 01:54:38.359
you talk about stock merketizing or something, but I didn't see it,

1522
01:54:38.520 --> 01:54:42.520
so I don't know what n GE
is. Let me see. Let me

1523
01:54:42.640 --> 01:54:49.720
type it in the y're putting caps
because the name, the name is let

1524
01:54:49.800 --> 01:54:55.119
me give you the exact names then
you can look for it. Let me

1525
01:54:55.159 --> 01:54:59.439
give you the exact name. The
ticker is nGy. The name is the

1526
01:54:59.520 --> 01:55:10.159
Globe x MSCI in Nigeria, so
the actro name is the Global x MSCI

1527
01:55:10.359 --> 01:55:15.239
in capital the Nigeria et So the
ticker is that ng If it's not.

1528
01:55:15.439 --> 01:55:18.840
If it's not that that platform you
mentioned goes on that platform and see just

1529
01:55:19.000 --> 01:55:23.600
type in the ng is a ticker. So when you buy that, then

1530
01:55:23.840 --> 01:55:29.880
you's basically the emerging market ETF.
It's multi CAAP is target in Africa and

1531
01:55:30.119 --> 01:55:32.079
then look at it. Let me
see what I can volume is very very

1532
01:55:32.199 --> 01:55:40.399
low. Expense rassue is about zero
point zero eight if I'm correct, Yeah,

1533
01:55:40.520 --> 01:55:44.520
zero point zero. It's a bit
expensive, but yeah, that's what

1534
01:55:44.640 --> 01:55:47.239
you get. You want to buy
Nigeria, nobia yea zero point zero's did

1535
01:55:47.279 --> 01:55:51.560
that the expense rassue. So if
you want to buy Nigeria, this is

1536
01:55:51.600 --> 01:55:56.159
why I prefer you buy this one
here. Because you're buying abroad, you

1537
01:55:56.279 --> 01:56:00.560
get a dividends abroad. If you
get dividends in dollars even though the Nigeria

1538
01:56:00.680 --> 01:56:04.520
because you are buying the stock abroad, so they're gonna use and give you

1539
01:56:04.520 --> 01:56:10.520
your returns in dollars as well.
Okay, thank you, thank you very

1540
01:56:10.600 --> 01:56:13.199
much. All right, cool,
Norris, I was just going to shut

1541
01:56:13.239 --> 01:56:15.680
down. Let's see who hasn't spoken
here? Ah spoken? All right,

1542
01:56:15.720 --> 01:56:18.760
guys, well about it. Four
minutes left, four minutes left, Let

1543
01:56:18.760 --> 01:56:26.279
me and they will culture day Olive, thanks for hanging out there, appreciately,

1544
01:56:26.359 --> 01:56:29.920
just taking here in case. Um
let me go to my ideas,

1545
01:56:29.960 --> 01:56:33.079
and it is asking about solely minerals. Those things I don't touch them because

1546
01:56:33.119 --> 01:56:36.960
of the regulations and all that,
lots of gold going out and all that.

1547
01:56:38.159 --> 01:56:40.760
I don't know too much about a
sector that they will talks. It

1548
01:56:40.960 --> 01:56:45.079
is not in the market. I
don't touch it because it's now down to

1549
01:56:45.319 --> 01:56:50.680
business right, um ng X sorry
what's your name? These guys do agricultural

1550
01:56:50.880 --> 01:56:57.199
commodities. Um ah? That was? That was that a culture courtis from.

1551
01:56:57.760 --> 01:57:02.159
They do maze cow peas co code. They are not sure doing solid

1552
01:57:02.279 --> 01:57:08.640
nials so it is not trainable.
I don't touch it. Starts for me

1553
01:57:08.880 --> 01:57:13.880
personality right. What are the downsides
for export? And export is not your

1554
01:57:14.000 --> 01:57:17.760
your men? To export is very
very technical. You have to understand what

1555
01:57:17.960 --> 01:57:23.119
you are doing. If you google, if you google Carlo Aja, Nira

1556
01:57:23.279 --> 01:57:27.880
metrics export. I try to do
a very very detailed report on how you

1557
01:57:27.960 --> 01:57:31.640
can export to Nigeria. Lots of
links in Niger and Exporting Potion Council.

1558
01:57:31.720 --> 01:57:35.720
I always get them a shout out. That's one federal just let is working.

1559
01:57:35.800 --> 01:57:40.359
They've got lots of materials on your
site. If you want to export,

1560
01:57:40.439 --> 01:57:44.640
you want to start from resting with
those guys and then following what they're

1561
01:57:44.680 --> 01:57:48.159
doing. So I give you link
by link what you can export, where

1562
01:57:48.159 --> 01:57:51.560
you can export it to, how
you can get your market research. Do

1563
01:57:51.880 --> 01:57:57.920
your research before you export, if
possibly go an intern before you export,

1564
01:57:57.960 --> 01:58:01.760
because you can lose all your money. Like I just exported stop to the

1565
01:58:01.920 --> 01:58:08.159
EU. It was returned because we
used chemicals to disaspect the continents. So

1566
01:58:08.439 --> 01:58:18.760
do your do they just first?
Olo, go ahead, go ahead,

1567
01:58:18.760 --> 01:58:25.359
and a good floor, a great
nansia. Yeah. Also, let's start

1568
01:58:25.439 --> 01:58:31.239
checking. Yes, okay, here
you go ahead, It's okay. Anyway,

1569
01:58:31.479 --> 01:58:39.079
Thanks for this opportunity. But I
would appreciate at the time there was

1570
01:58:39.159 --> 01:58:44.319
a timing people before this. I
tried sending you a DM. I think

1571
01:58:44.399 --> 01:58:48.760
it was not open them, but
I trying to wanted to discuss some financial

1572
01:58:48.880 --> 01:58:56.199
related issue with you. I don't
know if your DM is open because I

1573
01:58:56.319 --> 01:59:00.239
didn't stand this space with If you
can just check in the SPA from into

1574
01:59:00.479 --> 01:59:04.800
listening, you can just checking this
open. What's the question? What one

1575
01:59:04.880 --> 01:59:14.479
of you can just checking this open
and send a question if you just app

1576
01:59:14.600 --> 01:59:18.720
But anyway, what I just content
how I just wanted to your investment or

1577
01:59:18.800 --> 01:59:24.479
portunities with it, and then you
ask space. Then I was thinking of

1578
01:59:24.720 --> 01:59:30.840
where I could just possibly put a
millionaire brood. I hear right. I

1579
01:59:30.960 --> 01:59:35.800
don't answer questions like what should die
by? What should die? With want

1580
01:59:35.840 --> 01:59:40.119
of an era? It is a
good stop to invest. I don't answer

1581
01:59:40.159 --> 01:59:43.560
a questions like that. I'm not
your advisor. I'm not offering you.

1582
01:59:44.399 --> 01:59:46.760
I'm simply we have the conversation.
So lots of dms come to me.

1583
01:59:47.199 --> 01:59:49.800
I have one with your watch that
by, I'm not going to answer those

1584
01:59:49.920 --> 01:59:54.079
questions. You see how I answer
questions here, we'll see things. I

1585
01:59:54.279 --> 01:59:57.520
go online, I google it,
we look at it together. That's all

1586
01:59:57.600 --> 02:00:00.640
I'm doing, right, So I'm
not gonna answer those kind of questions right,

1587
02:00:00.960 --> 02:00:04.359
and you haven't. So you have
to ask you a question the way

1588
02:00:04.399 --> 02:00:06.840
as you can get a response.
If you ask me what that by,

1589
02:00:06.880 --> 02:00:10.079
You're not gonna get an answer if
you come to them and say hi,

1590
02:00:10.600 --> 02:00:13.920
hello, good living good after I
don't need them instem and they won't.

1591
02:00:14.039 --> 02:00:15.600
I don't I don't need them,
or they won't open them if you have.

1592
02:00:15.840 --> 02:00:18.720
If you're serious, you actually ask
the full question. If you say

1593
02:00:18.760 --> 02:00:23.119
how are you goodness, I don't
need them. So you have to really

1594
02:00:23.159 --> 02:00:26.880
take advantage and say, hey,
this is my question. What do you

1595
02:00:27.039 --> 02:00:30.319
think? Or you have to show
that you've done some efforts that I want

1596
02:00:30.359 --> 02:00:32.279
an opinion. Right, If you
just say what should I do? What's

1597
02:00:32.279 --> 02:00:36.439
gonna answer you right, So I
hear you, but just putting that true,

1598
02:00:38.119 --> 02:00:40.680
putting me true. On tips,
I just said it here, guys,

1599
02:00:40.800 --> 02:00:45.239
go online CALU exports that a metrics. You know, you have to

1600
02:00:45.279 --> 02:00:48.520
do some work for yourself and you
get it there. It's three parts are

1601
02:00:48.600 --> 02:00:51.199
to be so long. I broke
the tree. Part that's part one,

1602
02:00:51.279 --> 02:00:56.000
Part two, Part three on exports. I'll post it again. After this

1603
02:00:56.359 --> 02:00:59.520
is over, I'll post it again. So if I'm gonna go to exports,

1604
02:00:59.560 --> 02:01:02.359
You've got to read as to do
the practicals before you go in.

1605
02:01:02.520 --> 02:01:06.359
It is very very difficult to do
exports. So they all those jump into

1606
02:01:06.399 --> 02:01:11.880
it, right, you want to
do that. ETFs are countries specific.

1607
02:01:11.960 --> 02:01:14.840
They win the name an ETEF in
America. It's not the way the name

1608
02:01:14.840 --> 02:01:16.720
an ETF in Europe. So we're
very very clear. The way you can

1609
02:01:16.840 --> 02:01:20.000
do this to search by purpose.
So if you're to invest in the US

1610
02:01:20.439 --> 02:01:24.000
and you're in the UK, put
it in there. It will give you

1611
02:01:24.079 --> 02:01:28.840
the name of the ATF in Europe
that invests in American. ETFs are broad

1612
02:01:28.880 --> 02:01:31.760
that's how you want to do it, right. It's very sector specific.

1613
02:01:32.479 --> 02:01:38.319
So tapes insight on exports, just
google it it's I write a note for

1614
02:01:38.399 --> 02:01:44.159
the anametric just to calu an Ametrics
export the article propose and I'll put it.

1615
02:01:44.199 --> 02:01:46.920
The guys all right to spend about
two or three hours. We have

1616
02:01:47.079 --> 02:01:50.199
to call the day so I can
let a living they go and get some

1617
02:01:50.399 --> 02:01:55.079
rest. But he does not office
investment stuff. So I treat you guys

1618
02:01:55.199 --> 02:02:00.159
all listening in today. I will
have to do more open forums so we

1619
02:02:00.239 --> 02:02:04.199
can as have the sculptures around investing, around how we can put our money

1620
02:02:04.239 --> 02:02:08.319
to work for us, right,
the whole ideas to make us better in

1621
02:02:08.520 --> 02:02:14.039
how we manage our money personal investment, that's the whole idea. So I'll

1622
02:02:14.079 --> 02:02:16.760
see you guys. So we want
to be focusing a lot more on bonds.

1623
02:02:16.960 --> 02:02:20.520
I wanted to be focused on bonds, savings, bonds, How you

1624
02:02:20.600 --> 02:02:26.960
guys can take an advantage of those
in the Nigerian space and make risk we

1625
02:02:27.079 --> 02:02:30.920
return if you are not one that
wants to go with a lot of risk.

1626
02:02:30.079 --> 02:02:33.119
Right, So we'll do a lot
of topics and talks on that.

1627
02:02:33.640 --> 02:02:36.520
So and that, old guys,
thank you guys so so much for hanging

1628
02:02:36.560 --> 02:02:42.039
out with me this Saturday. Hope
I see you guys here next weekend.

1629
02:02:42.199 --> 02:02:45.520
I think it to be a Sunday
because we rotated Saturdays and Sundays. Some

1630
02:02:45.760 --> 02:02:49.439
questions you guys will ask are already
in my book, so please go get

1631
02:02:49.520 --> 02:02:53.720
my book. Let's talk about your
money. It's very very well written,

1632
02:02:54.239 --> 02:02:59.079
lots of topics chapter by chapter on
how you can become a better investor by

1633
02:02:59.239 --> 02:03:01.880
understand did you have money? And
it totally don't talk about some money,

1634
02:03:02.119 --> 02:03:04.840
all right, guys, thank you
so much. You guys, take care

1635
02:03:05.199 --> 02:03:13.920
and buy h h h