₦airaland Forum

GeneralDae:
Good question. Corruption in NNPC of course but I believe Seplat now have 65% of their operations offshore so less security risks but that of course doesn’t explain it all.

SEPLAT historically even had cost at under $10?

Why nobody talks about this NNPC daylight robbery is troubling!!!

This is one of the reasons I would rather have NNPCL sell down assets, cos the country would get much more value from them when run efficiently by the likes of SEPLAT.

Odunharry:
Suprised when I saw the amount alloted. Why then did they offer 800b

N800bn is probably in line with their average offers for the year. they just wouldn't move the stop rates any higher.

Next auction might dip even more cos people will bid much more cautiously.

Fixed income discount will probably end the year below 15%. Making it likely for folks to rotate in for dividends.

At yesterday's PMA, N800bn was offered, N1.9trn subscriptions but only N70bn allotment, cos CBN wasn't willing to offer higher yields. N70bn should be the lowest allotment for this year.

It's like Otedola has finally seen that his 5% target won't be feasible on the floor. He would just end up doubling his cost before even hitting 2%.

KarlTom:
SEPLAT Q3 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/48220_SEPLAT_ENERGY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

Again with production cost at just $16, how's NNPC that doesn't evn operate consistently reporting $40

Streetinvestor2:
Bro sorry but u dey hungry for my eye.The facts are thr in all this your hype of trading. You started at old age to look for money...lol When people are thinking of retirement Ngx is place we put money way you don reject as u don't really need it since 2000..I see the money thr as place to catch fun for my brain. I hardly do anything now besides politics and going to my two sites.

What does it matter what your mal*"::functio:'**ning eye sees?

I'm young and do not eat much, you're old and have nothing better to rate than food.

ghm:
17 million looks almost impossible. We will wait and see what the final numbers are.

‎Yes, you're right. 17 million is more than the population of most countries of the world. Less than 40% of countries have that many persons. less than 30% have that many adults.

KarlTom:
That's a massive subsidy for the buyers...

‎Sorry I didn't even look at your screenshot properly, what you posted is for 4.1m shares, yesterday's cross deals were actually 4.86bn shares at about N80 average.
‎

KarlTom:
What's going on with FIRSTHOLDCO

I mentioned this yesterday. It's the RC investments holdings. They crossed the first tranche yesterday. Part of why the stock lost steam.

Streetinvestor2:
Your dick measuring picture to me is still the coin in a baggers plate as I said

The point of my photo isn't to say I have big assets, I've never claimed to. I obviously expect you to have portfolios in billions, if not what have you been doing with your life?

The point of the photo is for you to see that the numbers align with the claims I've hitherto made, that's all.

And you can't brag to me about having a bigger portfolio, cos you've been building for longer, so it's expected.

However, tell me your percentage returns and compare it with mine, that's where the bragging is. You only know boring buy and hold which fails in this sort of market season, whereas some of us know more complicated moves that always bring profit, that's what the bragging is about: asset performance not du*mb size

Streetinvestor2:
Sorry bro.I have never done OPM in my life even bank loan
I do every shit with my own money. I don't work for my brokers.
Go hustle more as your bills depend in those facilities

So how it it your headache what my bills depend on?

I work from the comfort of my home, wake up when I like and make way more than I need, you expect me to envy you who has to do street hustle before you can eat? And keep ranting endlessly that country is hard cos your business is struggling terribly despite all time and efforts you put in? You do realize that if not for this government, the only hope you now have remaining in portfolio gains wouldn't have been? Since your lack of sophistication has finally caught up with you to manifest in your failing real world enterprise, it's okay if you prefer to shift blame.

You put in 100x the time and make only a fraction of what I make (in percentage terms) and you want to paint your street hustle as the elite hustle just cos you're too d**MB to understand smart work?

You're not too old to learn. Go on YouTube, you probably already have the capital, if you can gain the brilliance it takes to make 10% monthly without leaving your house, then you would understand what true financial freedom means.


Also don't try to present not being able to use bank loans as something to brag about, it just simply shows your lack of sophistication, except you're blind to the fact that the richest man on this continent has been using and is still using OPM just cos he has the brilliance it takes to thrive with it.


I work for my brokers, I'm happy to, just as you work for your suppliers, albeit inside hot sun and with plenty talk that end in frustration when you can't convert sales, so learn and choose the better hard.

Streetinvestor2:
IThose categories of investors won't be the type u will be expecting to sell when the shares are listed anytime soon.And the remaining retail investors may not see the 100k allotments So it only means it will becoming from alhaji. Which insider dealing may not look good at onset
It is open minded thinking

You're speaking from inexperience and unfounded conjectures.

By the way let me show you my YTD volume from 1 of my 2 accounts.

It's N1.39bn buy and N1.46bn sell for a gross profit of N66m and there are two accounts.

You can hope from now till 2077 that the numbers aren't real, it doesn't change the fact that they are.

Streetinvestor2:
lol You have been most times dumb to those who called u out on your hiped trade claims.Then it is also OK to claim anything to boost watin no dey .

Whether it's hyped or not is really just your business.

Your failure doesn't affect me, neither does your belief or skepticism make any difference on my portfolio.

But it's actually obvious and prideful ignorance for you to assume that just cause you're too mundane to understand complicated market plays like trading, then no one else could possibly be succeeding at it for real. You should rather calm down and broaden your horizons.

Streetinvestor2:
You have nothing to say here.Who is asking if you are a trader and i am investor here.
You think the over hiped trader stuff moves someone like me.Na for people way come ngx yesterday bro
The question was straight. whr u whr expecting the 100k rule of ngx to come

You think I owe you any answers to d**mb questions?

I already gave you a straight enough answer, if you can't compr**hend it, give it time, it might sink.

If you've been in the market for 2 centuries does it really count for much if you've been failing for the bulk of the time.

If you're interested in trading and more complicated market plays, go and start from YouTube, if not stick to the boring one your bra*n can handle.

Streetinvestor2:
The 124 billion OS does not matter. Alhaji is only selling 4.1 billion to like 10 million or more people
whr will the 100k for this movement be coming from in this people
The PP guys are off because they can not sell.So is it alhaji to be releasing the 100k units from his holding. I am trying to understand the maths

Well you're not a trader, so maybe just sit this one out.

Stick with your long term plays.


Nothing is guaranteed though, we just trade the higher probabilities.

From where I sit, I see 700 clearer than the 300 you once projected. I'm not always right, but I have more than 90% accuracy and it's more than enough 😁

Streetinvestor2:
It is no longer far we wait to see the 10%t daily movement. Is it alhaji that will be releasing the 100k units dally for it. The PP guys have 1 yr lock

100k won't be scarce for a stock that's just N525 and has 124bn OS. Even seplat with less than 1bn got 100k when it was 14k+

Anyways I'm a short termer, no peculiar interest, I wasn't going to buy, but whatever made them release that sort of 9M numbers would make them push the stock past 700 on listing week.

GeneralDae:
I don’t know the methodology for the 17 million shareholders but I saw someone quote a Reuters report citing 2 million unique shareholders.

Even 2 million should already make it the largest shareholder base in the country or perhaps the whole of Africa and one of the largest in the world.

I'm still waiting to verify the 17 million too. I heard it from Ladi and his guest on Channels, they're reputable, but I'll still await a more concrete proof.

I saw some folks on Twitter mocking Alhaji for "hawking" refinery IPO at open markets.

First, why the discrimination to people in open markets, are these tweeters better than them? There are actually people in open markets that will feed some tweeters for a whole year comfortably.

Now these novices have probably never set and achieved any goals in their lives, yet they're making jest of a group that now singlehandedly controls about 25% of the nation's GDP.


What's the outcome of Alhaji's efforts.

10 million sharelolder target set, 17 million hit (reportedly).

If the stock lists on a Monday, I expect to exit by the Friday with 40%. except the bids still stay strong, then I might shift target to 60%.

Streetinvestor2:
Why #75.I don't understand

No details on that yet. But rememeber they were bought at circa N31.

Looks like those FIRSTHOLDCO volumes held are now being transferred at circa N75. About 2 billion units done today.

Agbalowomeri:


Na dem AwesomeJ don put am for trading range 33-36

Some people have positioned for the eventual collapse at 30 with 10mil unit bid

Hopefully in 2 more years, this will be true. 😁

Agbalowomeri:
Insurance cannot start on their own. They are usually the last. Any positioning now should be for next year's Jan/Feb bull starting from December. Big cap first then later penny stocks

Wow... Glad to see you on this side.

ositadima1:
I ask you which figure he was referring to: profit or revenue? As far as I’m concerned, presenting an estimate as fact is misleading. Can you provide evidence of the actual transactions?

So, how can you prove that my estimate is wrong? Provide verifiable evidence, and I will accept that my estimate is wrong. If you can’t, I advise you to rest.

The good thing about mentioning your mistakes to you is that you already know I'm right no matter how much you refuse to admit or do useless back and forths.


I advise you to use your time for something more productive.

You can bask on in the delusion of thinking you bought fuel for N900 last month, it wouldn't change the fact that you're only just hallucinating or being stubborn.

The person you criticize is better than you in this regard:

He mentions his own before any movement, and so his accuracy cab be better verified.


Your situation is significantly worse, cos not only do you push useless stocks, you always conveniently like to mention how you positioned early and made 10 billion percent returns.without showing any proofs

That sort of unverifiable cooked up trails are even more misleading for newbies.

Mankind2024:
@Mr armchair critic,
There is an old saying, What is good for the goose is not always good for the gander. Context matters, and one must distinguish between different circumstances before drawing conclusions.

Let us not confuse two entirely different contexts. My investment in NCR was a long-term decision based on a specific objective, not a case of monkey-hunting a stock or relentlessly marketing it to the forum for 360 days. The investment eventually delivered and outperformed the naira’s devaluation during that period. That was the outcome of my investment thesis, not an excuse to promote every speculative stock that catches my attention.
As the saying goes, “One swallow does not make a summer.” A successful investment in one stock does not automatically validate every other stock-promotion strategy.

The issue has never been whether a stock can rise or whether traders can profit from speculative opportunities. It is whether persistent promotion is balanced with honest disclosure of risks, realistic exit prospects, and fundamental realities.

A successful investment is judged by its objectives and results, not by how loudly it is advertised. Let us judge each case on its own merits rather than use NCR to justify every other questionable promotion.

No, you simply bought junk stocks and got lucky. And now you should stop trying to present yourself as an informed investor.

Mankind2024:
Dear Mr S. Promoter,
The fact that forum members have not openly summoned the courage to caution you against your relentless promotion of speculative, fundamentally questionable stocks does not mean they approve of your conduct. Sometimes, silence is not consent; it is simply the decision to avoid an unnecessary quarrel. As the Yoruba proverb says, “A kì í fi ọwọ́ kan ẹyẹ tó ń sùn kí a má bà a jí.”
One does not disturb a sleeping bird without a reason. But neither should silence be mistaken for endorsement.

You speak eloquently about constructive criticism, facts, and accountability. Those are noble principles. My question is simple: are you equally prepared to subject your own stock-promotion history to the same rigorous scrutiny you demand of others?

You appear to be hiding behind the uncertainties of technical analysis (TA), as though TA were a licence to promote stocks indefinitely without confronting the consequences for those who follow your recommendations.

Where is Japaul Gold today? What became of Royalex, Austinlaz, Regains and THOMASWY your new bride?

What lessons should investors draw from the history of these stocks and the manner in which they were promoted? These are legitimate questions, not personal attacks. Let us discuss the evidence, the fundamentals, the price performance, and the risks faced by investors who may have acted on such persistent advocacy.

A drum may sound sweet to the drummer, but the listener must decide whether the music is worth dancing to. Likewise, a stock promoter may see endless opportunities in a struggling company, but the investor who commits hard-earned money bears the consequences when the anticipated turnaround fails to materialise.

Please develop a clear conscience about the responsibility that comes with influencing other people's investment decisions. This forum should be a place for sharing knowledge, not a marketplace where questionable stocks are relentlessly marketed under the cover of technical analysis.

Many of us possess a reasonable, if not substantial, understanding of TA. We know that successful investors may use it to identify entry points, assess momentum, and manage risk. But TA is not a substitute for sound fundamentals, nor does repeated promotion transform a weak business into a good investment.

My concern is your alleged pattern of aggressively marketing struggling or speculative stocks, sometimes for months on end, in circumstances that can leave latecomers exposed to significant losses. When the salesman celebrates the opportunity but the buyer inherits the burden, something is fundamentally wrong with the arrangement.

There is no personal attack here. Criticism of a person's conduct in a public investment forum is not automatically a personal attack, particularly when the criticism concerns publicly observable stock performance and a pattern of behaviour that deserves examination. If my assertions are incorrect, let the facts disprove them. If they are correct, let us have the honesty to confront them.

If more Nigerians had the courage to speak up when they witnessed questionable conduct, rather than remaining silent to preserve friendships or avoid confrontation, perhaps we would be a little better off as a society. A community that refuses to challenge wrongdoing eventually becomes a shelter for it.

Furthermore, some of the stocks you celebrate may eventually recover because their businesses improve, their earnings strengthen, their debts become more manageable, or market conditions turn favourable. If such recoveries occur, they should be credited to the underlying improvements and the market's eventual recognition of value, not automatically to the person who spent 360 days promoting the stocks on a forum.

Indeed, patience and sound judgment often reward investors who recognise genuine turnarounds. Ironically, you may have missed some of the benefits of such recoveries yourself by moving on before the underlying businesses had completed their transformation. If so, that should be a lesson in patience, not a reason to keep searching for another speculative story to promote.

I have nothing personal against you. I did not know you before our interactions on this forum. My objection is to the pattern of conduct I believe I have observed over the years.

Your history of changing monikers, from Locodemy to Locotrader, Locodemy2, Stockpromoter, and others, as I recall it, raises legitimate questions about continuity, accountability, and reputation. I recall periods of heated criticism followed by your disappearance and subsequent reappearance under another identity. If my recollection is disputed, it can be examined fairly. But changing a username does not erase the lessons investors may have learnt from earlier recommendations.

A man may change his clothes, but changing his clothes does not change his character; only a change in conduct can do that. And where formal consequences are absent, one's conscience remains an important judge.

I am speaking up because I do not want other forum members to commit their hard-earned money to stocks without understanding the underlying risks. I would rather raise an uncomfortable question today than remain silent and regret tomorrow that I had an opportunity to warn others but chose not to use it.

So, my advice is straightforward: stop the relentless promotion of stocks you cannot adequately defend on their fundamentals. Present the financial statements, valuation, cash flows, debt profile, business prospects, and downside risks. Explain what could go wrong just as enthusiastically as you explain what could go right. Disclose your position and any relevant conflicts of interest where appropriate.

Then allow investors to make informed decisions.

The market has always rewarded genuine business improvement in its own time. It does not need a permanent chorus of promoters to force a recovery into existence.

Remember: he who lights a fire in another man's house should not be surprised when the smoke reaches his own doorstep.

I have said my piece. My intention is not to destroy you but to challenge a pattern of conduct I consider harmful to informed investing. You may disagree with my tone, but I hope you will reflect seriously on the substance.

The ultimate test of a stock promoter is not how passionately he sells a story, but how honestly he confronts the outcome when the story fails.

This man, weren't you the one celebrating NCR last year

I told you it was a lucky win and you almost picked a fight? How much of that stock have you been able to sell since May?

You said you specifically go out looking for companies that fit the profile of NCR ( negative equity and lean OS) wasn't it junk too when you were all over it?

The point of this post isn't to support or speak against any promotion, the point is to say you do not have any grounds to speak against junk stocks, cos when they flew to the moons, you made it sound like they were your only specialty.

Block the man if you don't like his posts..

If you're concerned about spamming, you aren't doing any better based on the length of your posts, maybe you're just better in terms of frequency.


Then if you're worried about newbies, if they buy stocks and get burnt, the lessons could be priceless. There were days when I lost 5-10% of my entire portfolio in single sessions, today I have uncommon mastery of the market, so leave people to make their mistakes and hopefully learn and improve from them.

ositadima1:
You said, and I quote, "Dangote made $3.1 Billion from these products in September only." Now you are sneakily bringing in revenue, LOL, lying and passing it off as fact. Show us the full calculation; let's see it. By the way, do you know that I can make one million Naira in revenue and still end up with less than 100 thousand Naira in profit?

But in your response too, you explicitly stated that "profit calculation is something else, we would need cost of crude to determine that..."

So you knew it was revenue, yet you used maliciously wrong figures, now when he called you out, instead of admitting your mistakes, you're saying someone can make one million revenue and not make profit, is that the point The point is about revenue and about you retracting the very wrong estimates you made while trying to push unnecessary corrections to his figures.

And in case you do not get it, it's not just your N900 that's malicious, so were your 70 cents and N1500.

ositadima1:
Show the AI's worked-out calculation; let's see how $3.1 billion was made in September alone. Stop lying with your tongue.

Let's do the maths using reasonable assumptions.

September petrol revenue estimate (30 days):

• Domestic sales: 28.5m litres/day × 30 × ₦900/litre = ₦769.5bn.

• Exports: 15.47m litres/day × 30 × $0.70/litre = $324.87m.

Assuming an exchange rate of ₦1,500/$, domestic sales equal $513m.

Estimated total petrol revenue: $838m for September.

This excludes diesel, aviation fuel and other products. It also assumes the stated volumes were sold at the assumed prices.

Profit is a different calculation. We would need crude oil/feedstock costs, refining and operating expenses, logistics, financing and other costs to estimate net profit.

Therefore, the $3.1bn claim cannot be established from the petrol figures alone.

Why didn't you just use N200?

Who bought fuel below N1300 anywhere in this entire country in September?

You can't go on to put up malicious figures while attempting to correct someone you claimed did the same.

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/48139_UNILEVER_NIGERIA_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/48136_STANBIC_IBTC__HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/48134_FIRST_HOLDCO_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/48141_FTN_COCOA_PROCESSORS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_OCTOBER_2026.pdf

Thanks for sharing.

FBN seems to have only have been helped by much leaner advert costs in Q3. About N80bn reduction which mostly went on to the bottom line.

Wotowotoman:
Ogbeni, you need to shut up and try to learn. It is the same IPO that Dangote is offering that the regulators in Ethiopia want only Qualified Investors to invest in. How hard can that be to understand? Abi you think say you smart pass their regulators? Which kind thing be this?

In your rush to want to be right and look like the smartest guy in the room, you keep embarrassing yourself. Learn to be quiet and learn when more informed people are talking

There really isn't any need for high emotions here.

It's an IPO in Nigerian and this open to all
It's a GDR in most other markets and thus might have regulatory restrictions on who can participate.