Henry

God is good

[Rufybaba @Rufyb]

A fundamental investment process contains four procedures in the following sequence "B-M-F-V"

✑ (B)usiness: ability to generate stable above-average returns (i.e., ROA, ROE, ROIC), defensibility of competitive position, cost position, market share, product quality, employee talent.

✑ (M)anagement: management quality (profile, track record, past achievements, network), incentives and compensation, corporate culture.

✑ (F)inancials: sales growth, margins, working capital, capital structure, off-balance-sheet financing

✑ (V)aluation: with peers, with the overall market, with its own specific fundamentals

[OBI YOUR GADGET PLUG 📱 @Realobiagu]

I honestly don’t know how far this post will go, but I need to try.

I have ₦600,000 left to pay from a ₦1.8m debt that came from a business deal that went badly. I’ve already paid ₦1.2m, sold properties and sacrificed almost everything valuable I had to get to this point.

The ₦600k is due by Saturday, and my house rent is also due soon. I’m trying to raise about ₦1m to clear the debt, sort out my rent and get back on my feet.

I’m not asking anyone to give me ₦1m.

I’m asking you to patronize our business.

We deal in iPhones, laptops, UK-used gadgets, brand-new phones, active & non-active devices, game consoles, speakers and accessories.

For the next few days, I’m crashing our prices and forfeiting a large part of my profit to raise the money I need.

You will hardly find these offers anywhere else. Give me a chance to prove it.

📍 15, Adepele Street, Computer Village, Ikeja, Lagos.

Come into the store, inspect and test whatever you want before payment. We also deliver nationwide.

I’ll be posting the available gadgets and prices. If you need an iPhone, laptop, PS5, speaker, smartwatch, charger or any gadget, please consider buying from us.

And if you don’t need anything, please repost.

You may not be able to give me money, but your repost could put this in front of someone who needs what I sell.

I’m not looking for a handout.
I’m asking for an opportunity to sell.

Please patronize us.
Please refer someone.
Please repost.

Give me a chance to work my way out of this.

Thank you. 🙏

[CZ 🔶 BNB @cz_binance]

Every dip is an opportunity.

[DUKE 🇲🇾 @DUKETHAGREAT]

I just got my second 5.0 in OOU and it feels great,

but I missed a first class in this https://t.co/Ky3vGIUSH5 degree by a little margin, though I was on a first class in my years 1 & 2.

I’ve always been an high flyer student, one of two best graduating students in King’s College Lagos and won the KCOBANA (Old boys North America $1,000 Scholarship) in my set, topped my primary school, won multiple competitions, won scholarships, cash prizes and all that.

I was on a first class grade in my 100 and 200 level, with ample effort. I attended all lectures and was the assistant course representative for the course I studied (Industrial Chemistry).

300 level first semester, I got an opportunity to advance my membership in the Jupiter community and become the African Growth and Marketing Lead but it would cost me being unavailable in school.

Why? I’d have to come up with campaigns, travel to different universities for irl activations and events, set up events across cities and towns, and get the numbers and volume up!

I once got Jupiter Exchange over $45 million dollars volume in a single month!

I had to pick between my academics and my finances that particular month, it was a sacrifice I had to make.

I chose my finances, though looking back, I could really have gotten and kept both, but the spectator is never as wise as the man in the arena, right?

I travelled to about eight different countries in one year, and traveled all across the country (Nigeria) to tens of states, all sponsored by myself!

My income increased as my salary, exposure, connections and network grew vastly, steadily and speedily!

I was unavailable that semester due to my travels, and to avoid an extra year, I had to come take the exam still.

My CA was 0/30 in ten courses, I had 10/30 in two courses as they were virtual tests, I can remember writing one of them on a plane in Doha 🇶🇦 , I remember writing the other in Addis Ababa Ethiopia 🇪🇹.

I had to fight for 70/70 marks in my exams, for course work I had not even studied.

I wasn’t even available during the lectures!

I just had to read up 3-4 months of deep chemistry work in about a week!

It was that semester when we were taught about Spectroscopy, and the mechanism of Aldol and Crossed Aldol Condensation in Organic Chemistry and some other broad concepts!

I’m the type who goes into the exam hall fully depending on just GOD and myself.

I’d never make the move to first ask another person what the answer is.

9.9/10 times you ever see me having a chat, I’m the one helping out.

I knew I was cooked when I wrote those exams… it was an information overload for my brain and I sometimes went blank in the hall.

While preparing, I didn’t sleep for a week, was hopping from tutorials to night marathon classes, though they helped but it took a toll on me in the hall…

I’d go blank and only remember fractions, did my exams and left the hall unhappy. It was a trying time for me!

after the exams, I promised myself I would never be found in such a position again!

Results came out, I had no carryovers, but wasn’t proud of my performance knowing I could have done way better!

My CGPA dropped to a second class upper and I’ve only been able to maintain it!

The semester after that, I got my first 5.0! and two semesters later, I have another 5.0

If I had taken my time to properly evaluate what decision I was making, and how it could affect the trajectory of my career (I have a desire to go into oil and gas), I’d probably not have sacrificed my precious first class.

I graduated with a first class financially, but not academically.

I’ve been grinding before I got into 100 level, a lot of responsibilities and all that, wasn’t exactly easy pairing it with my academics.

beyond it all, I’m grateful to GOD ALMIGHTY still, because he alone deserves to be praised!

life in this country is so choked ngl!

Thank you for reading.

[CZ 🔶 BNB @cz_binance]

I've never seen a species so enthusiastically racing to put in effort, energy, and money to develop something that would destroy the species. 😂

[Thatcuteteacher @Confydens6]

You go first think say you don get am.

Till you fail am 😂😂😂💔

[Henry @henrycee200732]

@jociefer Congratulations

[Henry @henrycee200732]

@chriscxss Amen

[chriscxxss @chriscxss]

WE ARE ABOUT TO WALK INTO THE MOST ABUNDANT BALANCED WEALTHY AND SUCCESSFUL PERIOD OF OUR LIFE. WE NATURALLY ATTRACT GOOD FORTUNE, AND WE ARE WEALTHY IN MORE WAYS THAN ONE. WE GIVE OURSELVES PERMISSION TO PROSPER, AND WE HAVE THE POWER TO BUILD THE LIFE THAT WE DESIRE.

[Henry @henrycee200732]

@Rxbremen I did

[Marjid Cryptonite @marjidofficial]

If you don broke patapata “Repost”

[Henry @henrycee200732]

@connectwithtola No be lie

[Henry @henrycee200732]

@gentlemanway007 I would say Managing people due to the diversity in human thinking and character

[Bremen @Rxbremen]

Just so we are clear, GB invested in Terra; GB of Flutterwave through Resilience17 Capital. (https://t.co/NdYPFH6Iio)

Now to the real discussion, Venture Capitals in Nigeria are doing great and fine, and this slander on them is not needed.

When a venture capital company is starting out, they always have a niche they are interested in; venture capitals do not just provide capital and go to bed, often they guide, network and assist founders on how to navigate the company. (Iyin does this a lot)

What Terra is doing is premier in the Nigerian tech space, very few individuals have experience, understand what they are doing or even comprehend much on what is going there.

Hardware manufacturing, especially military hardware and defense technology is not a space you invest in 2 years and make profit; like I said yesterday, it took Palantir 20 years before they became profitable.

Average life expectancy of Nigerians is 55, do you think the VC guys have the luxury to wait that long ? Also this is a business that require continuous capital more and more, it’s often not a one time investment.

The VC’s themselves are managing funds for various people, and those individuals have a set limit on patience. The other day we highlighted how much start ups fail in the first 5 years.

It’s easier when a Venture Capital has billions of dollars under management to sign cheques and wait, than when a Nigerian VC all they have is millions of dollars and every dollar has to technically count.

For context 8VC (Joe Lonsdale) that invested in Terra has 6B dollars assets under management. In contrast with Resilience17 (GB Agboola) that also invested in Terra has 35m dollars assets under management.

Many of the innovative projects that Nigerians might have don’t have Nigerians who can mentor them; even dangote when building his refinery had to hire foreign experts at some stage.

The Nigerian VCs navigate where they know, what they understand, and calculate what they can project and assume, they don’t have the capital to play around.

It’s like when your father is Otedola, you can get to pick whatever course you want or decide not to go to college; when your father is a civil servant, you would love your Medcine and surgery and you would know there is no space for lapses.

[Henry @henrycee200732]

@Rxbremen So can we say one of the reasons Nigerian VC couldn't support was because we lacked the technical knowledge and patience for the development not necessarily cowardice

[Joseph @jociefer]

Im writing this down now, so i can look back at it later:
I intend to build a Nigerian defense-industrial conglomerate, and it starts with a perimeter security system called Heimdall, and it won't end there.
I have no funding, no team yet, it's just me and a plan...for now

[Henry @henrycee200732]

@Rxbremen Emphasis on "constructively"

[Bremen @Rxbremen]

Dorm account.

This lead to various banks stopping naira cards from doing dollar transactions, and that was the era people could not used their cards to pay online again.

As of 2019, most Nigerians could book and buy things online with their cards, but as reserves were depleting, rationing via official channels became a thing.

So if you needed dollars via official channels, you needed to go to abuja and see the CBN governor. But because manufacturing and importing guys could get dollar officially, round tripping became a thing.

Someone could fill a form, collect 1m dollars at 360 per dollar be then sell the same dollar at black market rate, and this led to serious arbitrage gains. With that more and more BDCs started shooting up.

Because the demand for dollars was high, black market rate kept going up, while official rate was static. When we say importers, we are not talking of someone that wants to import 2m naira worth of goods ooooo. Proper big men.

D) when foreign companies and investors brought or did business in Nigeria, they traded in naira and sold things in naira.

When it was time for them to remit their gains or profit to their country and parent companies, CBN did not have dollars readily available to pay them.

These were funds that were meant to pass through official channels and rate, many of these companies had to wait on CBN to pay them for long, as time grew, various associations started blacklisting Nigeria as a country where not to do business.

There is a popular tweet you would see from IATA, aviation blacklisted us, when we could not pay various Airlines their money.

All these had effect on the stock market and investment generally.

E) So in 2023, when Subsidy was removed it was a start or something new, one was to end ways and means from CBN, since government was not borrowing to pay subsidy that was a relief on the macro economy.

But the effect of previous borrowing was not going to vanish, and the effect of removing subsidy was also a separate issue on its own. Petrol cost skyrocketed and the local refinery although commissioned was not producing anything.

So even though it was claimed that subsidies had ended, for a large part of Q3 and Q4 2023, government was still paying subsidy behind the scene, via NNPCL and that was what kept prices at around 600 then.

Almost everyone depends on petrol in Nigeria, so increase in price led to serious increase every single commodity and the whole economy had increased inflation.

F) In October 2023, Cardoso became CBN governor and from then till Q3 2024, CBN started aggressive measures at stabilizing the exchange rate.

This was when “floating of naira” became a popular term; instead of CBN to determine the official rate, they wanted it to be determined by market forces.

To have it determined by market forces, then remittance and payment needs to be more of the official channel, and that was what led to many BDC being banned and their license withdrawn.

Various other measures were taken by CBN to stabilize the naira and the market reacted to all these initially.

In 2024 companies that depended on some import and export saw their profits wiped out all due to foreign exchange loss. At some point in 2024, dollar was selling for close to 1,800.

For business, stability matters more than price. So the prices of shares plummeted badly as all sectors were affected from 2019. (Except banks)

For some of these companies they suffered various issues thrown to them by the macroeconomics; and these made their share prices undervalued. (Drop badly)

The surge and rise of the stock market from Q4 2024 till now is because of stability in macroeconomics. And when such stability is reversed, share prices would act accordingly.

I hope this helps someone.

[Henry @henrycee200732]

@Rxbremen Yes it does

[Henry @henrycee200732]

We will be there

[Bremen @Rxbremen]

HIV— NACA—NAFDAC—Malaria Vaccine

Fidson at the center come Q1 2027, latest Q2, 2027.

I’ll quote this then 👍👍👍