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Nairaland Forum / 222Martins's Profile / 222Martins's Posts
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Politics / Re: I Will Not Take A Bribe, Even If It’s ₦1 Billion - Edo INEC Commissioner (Video by 222Martins(m): 2:33pm On Sep 21 |
Her confidence speaks a lot. Nigerians are so mentally derailed that they believe honest people no longer exist. Nothing is hidden in a public office settings; meaning you cannot be a bribe taker in secret or chop alone. That woman was sent there simply because she has built a reputation that she can't be bought. In the 2023 Governorship election, a woman like her stood her ground despite pressure/threats/financial inducement from above, and declared Alex Otti of LP winner of the election. In retrospect, you all saw the shenanigans that played out in Adamawa state Guber election between the Inec Commisioner and APC candidate Binta. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 5:12pm On Jul 09 |
SonofElElyonRet:LOL!! Floor trading on the NGX is for retail investors. Those who buy wholesale has no business with the daily ups and downs of the floor of the NGX. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 4:37pm On Jul 07 |
Mankind2024:What makes a great company? Having a good product is not enough, management is key....and money always follow good management. It seems you are emotionally attached to IB. If not, there was enough time for you to cut your losses on the downward journey from N48 to N4.. I will rather back a good management and bad product; as it is easier to pivot your products across industries than to get rid of a bad management that is deeply entrenched/vested in a company. 7 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:01am On Jun 21 |
For those in ChampBrew,...sharpen your cutlass. While those in Intenegins should hold. Don't give away your equity for a mere N1.60, when there is a forthcoming window to sell for above that price..... Please take the above statement with a pinch of salt and do your own due diligence. Over and out. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 6:39pm On Jun 06 |
Omooloriredade: YES!! It is a done deal only if 90% or more of the 634,212,476 are tendered to Norrenberger between 10th of June and 19th of July. If they don't get the 90%, they would have to come up with a better offer. The onus still lies on the current free float shareholders to determine the way forward.
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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 1:52pm On Jun 06 |
Palomadove:It is a gamble..........If you sell, you cash out N1.60 immediately. If you hold and they meet the required 90% after the deadline, then they will forcefully foreclose your shares at the same N1.60. But if after the deadline, they did not meet up the required 90%, then that means there will be fewer shares available to trade on the floor (Free Float), which may or may not cause a rally; and they may have to offer a higher price above N1.60. Please note that the above is not a buy or sell recommendation, and should be taken as a Hypothesis. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 10:27am On Jun 06 |
Palomadove:Most people replying you are actually ill-informed of the workings of an MTO especially with respect to IEI. The MTO will stand only if shareholders give up at least 90% of the 634,212,476 IEI shares Norrenberger is seeking to buy. If by the end of the deadline, they are able to get at least 90%, the remaining 10% shares of those who did not accept the offer will be taken forcefully. But if at the end of the deadline, shareholders did not give up at least 90%, Norrenberger will have to make another bid with a better price. So the onus now lies on those holding IEI shares. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:49am On May 30 |
Locotrader:For those who bought Champion Brewery when it was discussed here, aside the bonus share; here are the possible scenarios that will play out in the short and long term. 1. The manage of Champion Brewery will announce the completion of the acquisition of Raysun shares by EnjoyCorp. They will also announce the acquisition price per share, which i expect to be nothing less than N5 (This is my own conservative estimate). When this announcement comes, there may or may not be a rally. 2. The new management EnjoyCorp will be holding about 86% of Champion Brewery shares with 3.5% in Free float, which is not compliant with the NGX rules. So they have only 3 options, of which holders of ChampBrew will benefit: a. Sell enough shares from their 86% holdings to meet up with NGX compliance rules, and the commencement of this sales and stages of sales must be announced. They sure wouldn't sell at the current market price of N3 and below as that would mean instant loss on their investment, so they will have to find a way to drive up their share price of ChampBrew. b. EnjoyCorp holds on to their 86%, remain non-complaint and work hard to turn around the company before selling off shares on the market to meet NGX free float compliance rules. If they show a positive result, there may or may not be a rally. c. EnjoyCorp buys out the remaining 3.5% free float at a price which will not be less than the N5 they bought from Raysun. If they announce this, there may or may not be a rally. The above is strictly for those of us in Champion Brewery. 3 Likes 3 Shares |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:13am On May 30 |
I believe money is made in the quietness of time, not in excitement. The same applies to the stock market. If you receive your buy/sell information as e dey hot, in the excitement of time, you are late. Secondly, there are two types of investments advisers. 1. Points you in a direction he is not headed, based on hearsay or exciting prospects. 2. Points you in the direction he is headed, and you will watch him walk down that road Na number 1 type plenty here. Once upon a time here, just few weeks ago. The prospects of INTENEGINS (International Energy Insurance) was discussed here in the quietness of time. Entry prices of N1.17 to N1.41 was revealed here. I stated here that i started buying at N1.29, and followed the price down to N1.17. If you are entering any Insurance stocks based on the news of yesterday or this morning, i am sorry you are late to the party. You will have to buy high at a higher risk. 3 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 12:00pm On May 23 |
Something funny is happening in TIP. Those in the bus can shed more light . A director in TIP, AFOLAYAN SAMUEL OLAJIDE bought 2,200,000 units of TIP at N2.03 on the 15th of May 2024, and equally sold 5,069,015 units at the same price on the same date. And i am wondering, what kind of play is this? 2 Likes 1 Share |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:25am On May 17 |
Where is that man that was looking for an exit-buyout from Intenegins at N1.50? I hope you were able to bail out at your desired price, given that Intenegins is currently at N1.65. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 10:24am On May 16 |
emmanuelewumi:You have said it all. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 9:32am On May 16 |
Adinije:I guess you missed the sarcasm.... Saying dividends are traps is the same as saying TA does not work, or FA is a waste of time. It is an open market. Therefore, there are 1000 ways to kill a mocking bird. All you need to do is just to master one of those ways and you can kill as many mocking birds as you want. 4 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 9:24am On May 16 |
Adinije:Who dividend help? Dividends are traps!!! You are 100% right |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:58pm On May 14 |
DrAkpamudehe: Based on your assertion that smarter people only invest internationally where good things last forever, how smart were those investors that went down with Enron, Texaco, Lehman Brothers, Chrysler, etc? Or are these companies in Nigeria? 6 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 1:28pm On May 06 |
Adinije:I don't need to go back to read anything, i know what i said... So what's the big deal? If you are pained that a stock is falling, how is that my business? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 1:22pm On May 06 |
Adinije:So buying a stock that falls in price and hoping it falls more is celebrating someone's ruin? Please don't make me laugh As for the waiting time, i am prepared to wait it out |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 12:59pm On May 06 |
Adinije:Crying over the fall in price of your favourite stock will not stop me from buying it at bargain prices. You can cry all you want. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 10:19am On May 06 |
sky2891:If you need to become a motivational speaker because of a stock, then it is not worth it. If you need to defend a stock or fight for a stock to encourage people to buy or hold, when you are clearly an outside investor, then it is not worth it unless you are paid to make such recommendations. You only fight or defend a stock/company when you are an inside investor. 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:54am On May 02 |
Adinije:It is still a free market and that is the beauty of it....You Need Big Money, to Make Big Money in the SHORTEST time possible. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:43am On May 02 |
Adinije:It is all DEMAND and SUPPLY... Remember the GOLDEN rule? It states that "He who has the GOLD make the RULES." To manipulate a stock price to go up, you provide the DEMAND/MONEY and allow other investors/traders eat from it as you drive the price up.. If you want to drive the price down, You still provide the MONEY/SUPPLY and still allow other investors to eat from you through short selling. There is no FREE RIDE anywhere even in FREETOWN, Sierra Leone Aside what the illustration i provided above, there is no other type of manipulation, or suspension of price, or interception of 100,000 units that can happen on the floor of the NGX or anywhere else in the world. But you can still do some manipulations outside the floor of the NGX by creating GREED or FEAR.. Example, you can sponsor a smear campaign against a company like Chioma and Erisco, influence policies and politicians to ban or unban products, finance a war or crisis like Boko Haram or Ukraine war, create a virus like Ebola, Covid-19, kill a CEO like , start a court case like OANDO , etc. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:38am On May 02 |
Locotrader:Shey I no fit laugh If someone can do it for JULI PLC, anyone can do it for INTENEGINS or any stock he/she has interest in. If you want a higher price urgently, use your money to create the demand. If you want a lower price urgently, use your money to create the supply... The market is strictly driven on demand and supply. There is no market maker or ghost anywhere suspending the stock price or intercepting 100,000 units or doing any manipulation whatsoever.. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 3:31pm On Apr 30 |
Locotrader:Worker's Day |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 2:24pm On Apr 30 |
KayOn1:The negative result from Vitafoam seems to originate from Administrative expenses......... Administrative expenses jumped from 3,978,504,000 to 16,742,883,000... That is a whooping 320% increase. While Finance Cost jumped from 464,937,000 to 2,055,220,000 That's a 342% increase......... 2 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:35am On Apr 30 |
Locotrader:I am ready. I am tired of wasting my time looking at AFS of different companies, when i can just look at Forbes list and make 500% in one year 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:31am On Apr 30 |
Adinije:It is not surprising.....Their Q1 result was good. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 11:06am On Apr 30 |
PETERiCHY: Those on NSEMPA who cashed out from this 2024 Forbes Rich List should please package the information on how it is done and sell to us in a pdf format. I want to position myself for the 2025 Forbes Rich List. 1 Like |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 10:36am On Apr 29 |
Mpeace:It is a welcomed development. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 5:23pm On Apr 28 |
Frangel:Thanks for the clarification! They nearly confused person by not putting a Naira sign before the 559M figure |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 1:56pm On Apr 28 |
Locotrader: The mathematics will be made clearer at the AGM .... |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 12:52pm On Apr 28 |
Locotrader: Yes, you are right. They are not creating new shares....The 559,249,714 shares already exist but wasn't alloted to anyone. This is what will be used as bonus. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by 222Martins(m): 8:49am On Apr 28 |
Ades1:The world is filled with smooth talkers and self acclaimed financial whizkids. If you have ever been pitched business ideas before, or sit in an investment scheme presentation; you will understand. All you need to separate the wheat from the chaff are two questions: 1. Show me your track record. 2. Show me the money. It is then you will realise that most people want to take big risks on some hyped up shit with your own money . And only few, i mean very very few people practice what they preach and put their money where there mouth is... The same reality holds true here. 2 Likes |
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