₦airaland Forum

Enough of the political and tribal arguments PLEASE!!!!!! Stop creating unnecessary pages of political/tribal jingoism that adds zero value to this thread!!! Or do we have to start reporting political/tribal arguments that derail this thread?

An insider is trying to exit over 9million units of TransPower at N221 on the floor of the NGX whereas its listing price was N245.50. Those in TransPower are in for a long ride.

DaddyGoo:
You truly know the man.....we became acquainted in that period.

Yeah! He offered me professional advice and coordinated my security protocol back in the days.

Congratulations Sir!!! It may surprise many to know that this officer was a Nairalander years back when he was an ASP. He offered advice on Police SPY training and other related matters.

Asangbekoko:
Why posting your prayer on this public forum?
You should have prayed it privately, knowing that a lot of people bought the shares around #30 with expectation of price appreciation.

A legendary 'Undertaker' would come here to to post an incantation that the bear would continue for the next 5 months, just because he sold his holdings in May, and you guys are here applauding him!

We should stop accepting all sorts of nonsense on this forum.

If you are disturbed by someone's wishful prayers for a bear market, you shouldn't be in the stock market. It's just like getting emotionally whipped up because you heard a coffin-maker or Mortician praying to God for more customers.

My advice is for you to opt for Treasury Bills or open a HIDA account with Access and be receiving a meagre interest monthly. At least, you will sleep well at night with zero risk of HBP or heart attack.

yMcy56:
Lol
IB and Champion did not even join the bull in the first place....
CHAMPION really disappoint...

Champion went from N2.80, paid bonus and multiple dividends; and went to N20. Where else do you want it to go, abi e never try?

ojeysky:
If it shows up at below 65, it is still a win. Sold first batch at 88.5 I forgot to sell 2nd batch early today so I sold at max red. 17naira profit no bad.. have booked my rights for all. Will topup from the floor at sub 65. I hope Bros JP will have gbe body by then.

Anybody who sold Dangote Sugar at N84 and above probably sold after the Q1 result was released on 30th April 2026. If that is the case, then you still have your Rights Issue locked in as the QD was 20th April 2026.

Valthegreat:
What are the possible consequences of requesting for additional allotment of shares in the DANGOTE SUGAR right issue?

I just checked the list of shareholders using my surname and what i discovered took me to this taught line. Out of 72 persons bearing same surname with me on the list I happen to hold the highest number of shares despite the fact that I hold not up to 100,000 units. Hence, I think that many of these retail investors may likely not take up their rights. Abi the big guys will corner the rest and my money may possibly be returned after keeping it for a long time?

Due to the economic realities, many retail investors may not take up their rights as they cannot afford it and see no incentive to. I cannot even afford to fully take up my rights now as it will set me back over N34M which i don't have. And if i manage to raise the money before 24th June, i still have to figure out if taking up the rights is a wise-investment decision compared to diverting the N34M into Access Bank.

faoogoke:
Private placement for the Refinery is not as we know it. It is private persons indicating and asking to be part of the IPO.
They are asking for a slice of the IPO before commencement.
They are buying at the same price of the IPO.

mikeapollo:
I doubt if the private placement would be at a discount to the IPO price. The reason is there is already huge awareness and interest by the public, so once the PP is placed with the few high networth investors, idustry watchers and market players would get to know the price and it would be difficult for Alhaji to later offer same shares to the general public at higher price for the IPO, unlike what usually happens under normal PP.

So you think an Invitation-Only Private Placement that an investor can't buy less than 50M - 100M units, will sell at the same price with those their minimum share order will be 500units or 1000 units? Do you really understand what a Private Placement is? Even in the open food market, when you want to buy 1 paint of Tomato, you talk to the tomato seller. But when you want to buy a trailer load of tomato, the person you talk to and the price will be different.

Private Placement Investors will have a round-table meeting with Refinery Management and see the Financial Statement. For IPO buyers, consult your Stockbroker.

My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

jonnysessy:
While the glitch lasted in Morgan Capital. I made some buy orders which were pending and was never open. I repeatedly made the order and sometimes cancelled it. My account balance never changed for the three consecutive days ( Mon - wed). Hence, I believed the buy order didn't scaled through. Eventually on Thursday when the Morgan Capital online was restored i made use of the money to buy some stocks. I was shocked yesterday to see that i owe Morgan Capital some amount. On checking my portfolio I discovered that all the stocks i earlier bidded for was bought for me. Now am in debt with the organisation. I made a transfer today hoping to buy some other stocks. They used the money to offset part of the money i am owing them. I am expecting the nearest dividend ( NAHCO) to offset the money i am owing.

You are not alone. As it stands now, i am now a debtor to Morgan Capital on top stock matter. Morgan ejoor!! Edakun!! Help me, na die i dey!!

leo1234:
This is huge

The man maybe wealthier than dangote.

Very funny assertion..........Una don really see Dangote finish!!

mikeapollo:
Okay, good.
But please do not display your official trading info and documents on the internet

Duly Noted. Thank you!

yMcy56:
Relax...
It's like they're correcting the system from the date it has system glitch..
I think they're working on it because some stocks were also lost, hanging, etc.
There's the need to retrace and track all activities back to when the system was normal, then do the corrections from there....

Na so I understand am o...😊

It better be. I am not losing even 1 Unit of my holdings to any system glitch or whatsoever.

mikeapollo:
Sometimes, you need to take screen shots of your portfolio and brokerage account and save, as proof to counter this kind of shenanigans.

I have all Purchase Contract Notes sent to my email.

ositadima1:
Resolved.

I already sent an email............and ain't undoing it. Let it be there for the records. Let me go and verify my shares. I can't painstaking place trades blindly on time-lagged prices and Bid/Offer rates, without a chance to adjust my Bid Prices as Access Bank Price drops due to a glitched system; and somebody will now joke with my effort.

My God!!!! I just logged in now to my MorganCapital account only to find out that all the AccessBank shares i have been buying and averaging down since Monday to Thursday when the market was red have been removed from my portfolio and the money refunded to me. What kind of playing is this? This is no longer a joke!!

ositadima1:
Offers are lower than the bids, buyers want to pay more than sellers are offering, by force, lol.

With plenty begging oh, and the sellers are still refusing to sell. No be small thing oh!!!

alfajohn:
Are you using an analog broker. If you log on and you are trading by yourself I doubt if that will happen. Brokers like most Nigerians looking for who to fleece.

This is a live trading platform, not a broker issued mandate. Here is another Example: My N25.40 Bids are still open, while the N25.30 bid is partially filled and the N25.50 is still pending. When market closes by 4pm, the arbitrage will happen and i will be balanced with stocks or refunded with my cash.

wiki15:
CardinalStone Stockbrokers minimum opening amount is 50K. Same with topups

From N1M to N50k.. Reminds me of the good ole days, when Zenith Bank minimum account opening balance was N100k. Then came Diamond Bank to scatter everywhere with N5k account opening balance.

naturalflow:
you are very correct brokern is profiting from our buy/sell activity.it happened to me recently,in the mad rush to exit uba,I placed an order at the lowest price during pre-market,it was filled,cscs details shows stock was sold at a higher amount than what broker credit.

Just look at the picture attached. If you try to place a buy or sell order based on the price you are seeing on this live trade, you will be arbitraged. How else do you define confusion?

ositadima1:
Do you mean something like this? What does “pending” mean?

There was a day i had free time, so i was fully on iTrade portal from 9:30am to 2:30pm I placed my order to buy and saw it on queue. Right before my eyes, my order was filled in the morning and turned green in the order section, the money deducted from my account and the total stocks bought was shown in my portfolio.

After the close of the market, part of my money was returned to me and the equivalent number of stocks purchased was deducted. I have also witnessed the same scenario on the selling-side. How do you explain that?

I always place my buy/sell order at the start of trading day and go on to attend to other business of the day; and i pop in at night to see the status of the orders. It took me a few days of following the market from opening to closing to observe this anomaly.

I think buyers and sellers are being arbitraged by the house and stocks/cash are balanced out after market closure. Those who bought/sold a particular stock higher are arbitraged with those who sold/bought lower of that same particular stock. The house pockets the margin it makes off this arrangement. More profit to the house.

jonnysessy:
They succeeded in wasting my time today. I bidded for a share and it was on pending list for a long time. I later thought the order was executed as my order turned green. I am surprised to see that my money was credited back and no share appeared on my portfolio.


Lesson learnt :You need to register with two to three stockbrokers in case one fails you. This is another level of diversification.

I have had stocks bought, turned green and the money returned to me. At this point, i have cause to believe they are arbitraging their clients buy/sell transactions for their own profit. All this hiccups and delays point to this.

ogascomax:
Let me ask you a logical question. If the tribulation period is seven years then how will the coming of Jesus be unknown to us. The day and the time he said no one knows. How can he say no one knows when it has a definite time of seven years. It's the lack of understanding that makes people to mix-up what Jesus was talking about in Math 24.

Excuse me sir, are you expecting a worldwide broadcast announcing the commencement of the great tribulation? If you don't know the official launch date of the great tribulation, how can you tell it is in progress and how can you know its end?

Christians have gone through series of massacre and persecutions starting with the Roman empire, to the conquests of christian lands like Turkey by Islam, through the Dark ages, down to ISIS and Boko Haram. The rapid rise and expansion of Islam and the suppression of Christianity. The frolicking of the Pope with other religions to unify them. The proliferation of churches with false doctrine and false prophets. We have gone through World war 1, 2 and currently the rumours of World War 3.

With all these happenings, can you say for certainty we are, or are not in the great tribulation? Go and study your bible and stop relying on hearsay or motivational speakers. The explanation of Jesus Christ was very clear and straightforward....

ogascomax:
I don't think it's a discussion we can easily have online because you have to look at several scriptures. The Anti Christ cannot manifest until the church is out of this world. It cannot come until the time of the gentiles be over.

That is why it is good to study your bible as a Christian. Jesus Christ himself in Matthew 24 said the rapture will happen after the great tribulation. That for the sake of Christians on earth, the time-frame for the great tribulation will be shortened.

obonujoker:
Where in the Bible is it written that Rapture comes before Great tribulation?

Please ask them again!!

My God!!! I never knew things can get this low and bad for a company that hatchetmen are now being employed to keep gullible gamblers hooked.

Headline says N146.7Billion revenue, while the body says N146.66Million revenue . To those holding on to EllahLakes, may whatever gods or God you serve, be with you!

ositadima1:
Where is that guy who had Dangote Sugar when it was ₦80? He had about ₦70–₦80 million worth of Dangote Sugar. I hope you sold, because I remember commenting after you that it would fall below ₦60. That’s a lot of money lost, that kind of money can do one or two things.

I am still holding and looking to load more if it falls into a fair price range or i take up my rights issue if the price is right. I believe in the future prospects of Dangote Sugar. I won't repeat the mistake i made with NASCON that I bought at N29 and sold too early, happy i made a decent profit. Nascon today is N150............

We hold till the merger into Dangote Food vision comes to reality. The Dangote Group cannot achieve their $100Bn vision without DangSugar, DangCement, NASCON and others within the group.

Did a UCAP insider just drop his private account details in public? https://doclib.ngxgroup.com/Financial_NewsDocs/176_SIGN_-_NOTICE_OF_INSIDER_DEALING_-_PURCHASE_-_AKINTOLA_AKINSOJI_TAJUDEEN_-_31.03.2026.pdf

jonnysessy:
Thank you for this information.
I believe Morgan Capital issues arose from biting more they can chew they used to very be effective. I transferred money the other day, they made a mistake by crediting me with a wrong amount. It took me 3 emails before it was corrected and eventually i missed trading this particular day. This is a company i registered online, never knew anybody or their location. But, they used to be very efficient and effective. But, i can't say what happen within the last 3 months

This reminds me of when i funded my Morgan account with N5M and my account was credited with N50M Sent a quick email to Yemisi and it was reconciled in a few minutes. Shit happens sometimes

jonnysessy:
African Prudential declared N0.40K

Tony Elumelu you have failed me twice. I know you will redeem yourself in UBA

Did it not occur to you that the reason Tony was declaring huge dividends across his several companies was to equip investors with cash for the UBA Recapitalization? Well, that era is now over. Expect more disappointments.

Stockpromoter:
I must tell you the truth and anyone can go and confirm.

The best broker is cardinalstone.
I am not bothered about brokerage fees any longer.

1.45 buy and 1.80% sell is not bad when you compare the risks involved with other cheap brokers like mc and Atlas portfolios.

I have confirmed all these brokers one after another.

Try to sell a stock of just N20m from Atlas or MC you go know how far for withdrawals

I have used Morgan Capital Securities for years and i have not had an issue, and they respond to queries. I sold INTBREW in December 2025 over a space of 2 days and placed a Withdrawal request for N55M immediately. My bank account was funded in T+2 days; given the reality that withdrawal queues are usually high in December. So saying Morgan Capital can't handle a mere N20M withdrawal is absurd.

Kaczynski:
Best to privatise everything which will give economic freedom to every one. Unemployment will reduce.

Good if them sell nnpc , ncc , nafdac, efcc.

The core job of the Government in a Capitalist society is to regulate, and regulatory/enforcement agencies such as NAFDAC, NCC, EFCC, etc cannot be sold.