₦airaland Forum

mikeapollo:
That means you are doing great; Dangote and Otedola should (or will) be seen as your colleagues very soon!
But there is a much larger chunk of the market that are not here in this forum at all

Amen oooo 😁

mikeapollo:
Shift focus beyond this forum! What we do here does not make up to 0.001% of NGX market activity!

Ahhhh.... Me that now does 100 times that volume you quoted nko?

opadiya:
His advice should naturally attract a question mark in a commercial transaction of this nature.

Since higher demands is linked to higher stock price and higher stock price is linked to profit, and that rational investor will seek to maximise profit:-

It is therefore important to question the fellow who wants to take profit while advising other not to buy, the reason he wants to take his profit at 'loss'.

Advising people to buy when a stock is overvalued (Monkey Hunting) is not the point here. The reason for advising when your interest will be adversely affected is the point here.

Like you rightly said, he's giving an advice even though he's poised to lose should people follow that advice and you're calling him out for putting the interestoif others over his own selfish interest Haba na.


What he has exhibited should be commended not at all condemned.

Even though he holds the stock, he doesn't mind saying that at 40x PE, it's overvalued, yet you prefer if he deceives people that the stock is a gold that should be pursued come on na. Obviously if you were chnaced you would rather prefer to lure people into buying.

It's your own stance that people should watch carefully.

opadiya:
This does not address my concern.

Someone who is so altruistic to advise unknown people in faceless forum not to buy and wants to sell should not be taken seriously.

Why does his advice seem contradictory to you? The advice is in line! If I hold a stock, and now current realities imply that it's overvalued, Me deciding to SELL and then telling people not to BUY is exactly an advice in good faith, I don't know if I'm missing something in your interpretation??

Me wanting to sell cos it's overvalued while advising people to buy is what's in bad faith and is called Monkey Hunting here.

KarlTom:
We have more people using calculators instead of keyboards...

The RED seems to be waning though

Waning kwa??
With the BUAs on full offer SEPLAT on full offer, MTNN and DANGCEM also bidding significantly below ref. Price?

We might still be heading below 230k.

SEPLAT, SKYAVN and JBERGER dividends all received today. Dividends are always pleasant surpises for me cos I rarely expect them

isaacosas01:
Why does the NGX gate price formation on volume? Why can’t we run like the NYSE and LSE where any genuine trade updates the last price immediately?

Someone asked this in a webinar, NGX's response was that they need to put hedging instruments like options in place before allowing wild volatility like that. Same with the 10% rule.

AngelSlay:
For long-term investors, this is likely a positive development. The people most affected may be short-term traders who rely on low-volume price swings to generate quick profits.

Are you sure it's not AI you're using to interprete this new rule?

Your AI doesn't have context that that the existing rule requires 100k for all price levels. That's why it's misinterpreting.

deathwing:
Noted. You obviously have more experience so would gladly defer to you. Does this new rule throw up any problems in your view?

Yes, It brings back the exact issue about index distortion they tried to curb in 2019.

You only now need N100m to move DANGCEM and distort the index massively as opposed to N1bn previoulsy.

Those quick swings are good for us traders though.

deathwing:
I meant deciding it for each stocks in the way you recommendd, after a number of months of stagnancy etc, would not be very efficient, because they would be intervening on a case-by-case basis. It's better if the rule is the same for the market. Your point also makes my point...if Seplat was stuck for six months and finally got out of the fugue, why intervene in another that was only stuck for three months? But this is all academic anyway, since it was likely not under consideration, I was just opposing that particular suggestion you had.

The main issue was that the market needed to do something to end the annoying illiquidity. The easiest way would be for them to revert to the tiered volume requirement they had in place, but that would then bring back the original issues that made them amend the rule in the first place, hence my suggestion.

I do not know what your interpretation of my suggestion is exactly, but it wouldn't at all imply a case by case intervention. Just a genral rule in their code like so would suffice:

bool price_moves = volume_traded >= 100, 000 || calendar_days_since_last_price_change >= 90
if price_moves == true
set_new_price
simple algorithm that's that one patch and would work every time for every stock.

They probably just chose to go with an algorithm they already previously had in place.

As a matter of fact, SEPLAT is currently being affected.

It trades at £5 in London (about 9300), but NGX quoting it at 11363 cos of their 100k rule.

It's why there are lots of offers at 10k with no buyer.

If this rule had been in effect today, seplat would have dropped to 10200, then tomorrow, bids would show up at 9k.

It's just basic market knowledge, but I don't believe you trade full time @d..wing

deathwing:
A stock deciding to be illiquid when other stocks are moving is not the NGX's busines, afterall Seplat was moving. Trying to solve the issue on a case by case basis would be costly, political and counter to the goal of involving foreign investors. I am also sure the smart ones among us would learn to quickly game the system. It should be one rule for everyone

This is your uninformed opinion. I don't think you should be advertising the ignorance.


SEPLAT was also once affected for nearly 6 months, but your history of the stock is apparently short and limited.


It's not up to companies to decide whether 1 unit of trade in their shares will move price or whether it'd be 100k units. It's exactly the responsibility of the market, you not knowing that is funny.

follow up in January:

Finally another of my suggestions to the market heeded. Whether my email was material or they decided entirely on their own, now my frustration with tickers like GEREGU and AIRTELAFRI will end.

megawealth01:
Less go below 200k first

haaa... if 14k dip feels this way to most folks, imagine another 40k off?.

I'm good either way though

240K support now broken.

pluto09:
Na awesomej people, na them dey sell and they buy at the same time

KarlTom:
Yeah. I anticipate a daily rebound tomorrow

That'll be sweet!

KarlTom:
ARADEL lost the brave fight by ₦183.90

Market on track for the worst week of the year at c. 5% down WoW.

jckgroup1:
@AwesomeJ

Have you checked out DLM brokers, likely lowest fees and their annual 10℅ rebate can fund your Christmas giveaway.

Brokerage commission is 0.45%. Also to get 10% of annual commission as rebate.

Yes, I opened an account with them a while back, but their platform isn't as smooth, that's the only downside. I've only used it for 1 or 2 days.

I'm already discussing a concession with my current brokers with guaranteed quarterly volumes to start by Q4, once that's approved, I should be able to save over N2m monthly in brokerage commissions.

thanks for mentioning.

If possible DLM should consider the platform built by Caladata.

Odunharry:
Congrats. More wins

Thank you

Buchika:
congratulations!! More wins for you bro.

Thank you boss

chimex38:
OK.
I think say na some magical concortion.
I dey eye Methuselah 👀

Magic would have been an illusion, this is reality.

Valthegreat:
Congrats bro! Enjoy the fruits of your labor in peace.

Thank you boss 🙌

KarlTom:
Indeed this is AWESOME!

Yes sir 🙏

chimex38:
.Which is........

Faith.
The real one works.
But there's a lot of "adulterated" ones which make people think it doesn't.

emperor00:
Congratulations chief

Thanks boss 😎

Agbalowomeri:
Embrace the tonic for good health and long life

Okay, but I already have a hack for good health and long life 😁

GeeKudi:
Who are the promoters of this?



Modified: I just found out that the piece is an old news item published in September 2022.

Thank you sir 🙏

mikeapollo:
Congrats.
May God protect you, the ride and grant you good health, long life to enjoy the fruits of your labou
Big guy on the road.... I believe your family, colleagues, friends, business partners etc will enjoy it with you too.
I don't want to mention the other group who would always want to sit in front for flexing and vibes!
I no talk anything!

Amen!!!
Agba has not taught me that one 😁😁😁

zendi:
Sky is not the limit but a stepping stone to even higher heights.

Wish you infinite more blessings and, safe driving.

Anybody that would whisper "blood money" or "ritualist" when you cruise past, Holy Ghost's fire locate him.

Amen 😁😁😁🙏🙏

PETERiCHY:
Congrats,
More GREASE to your ELBOW

Thank you Sir