₦airaland Forum

Zagee:
The video from the tax master was revealing. One thing I was able to deduce was that Agba is responsible for the red and indeed the double bottom

😁😁😁

99% of portfolios are below N150m
More interesting? Average age of investors is above 50 years in a country where the average age is 18??

Following his tweet yesterday evening, Oyedele went on Channels again this morning to clarify the CGT implementation. 5% dip made them see they needed to calm nerves.

Watch if you want:

https://www.youtube.com/watch?v=BrdUrnUs6QE?si=FdIlm6tRXP-YGo-N

Index now up 3.3% on MTNN uptick.

Inflows now N36bn.

Yesterday when I said 140k would hold, it seemed like fantasy to a lot of people.

Index up 2.1%
N18bn inflows to the market already.
We anticipate up to N40bn today.

mikeapollo:
My reference to 2004-2008 is to remind you of the what happened during that era. 2004-2006 was a period of endless boom in the market
People borrowed to invest in good stocks, and they made good money. The same people borrowed to invest in good stocks in 2007-2009, but things happened and the market crashed with huge losses. The ''experts'' in 2004-2006 became the ''reckless'' in 2008-2009.
There are unforeseen factors outside our control that can turn someone from an ''expert'' to a ''reckless'', and vice versa. That risk element cannot be timed perfectly.
What happened in the last 2-3 weeks could destroy the portfolio of an 'expert'' if the govt had allowed it to continue for another 2 weeks or more. So govt policy (unforeseen) is the cause or problem here, not the ''recklessness'' of the investor.

We're speaking to slightly different points sha. I understand your points.

mikeapollo:
Nobody is perfect in this market!
Where were you in 2004-2008 when there was a boom in the market followed by a burst?
People borrowed to invest and they made huge gains in millions. The same people borrowed to invest and they ran into huge debts!
There are factors outside our control which affect the performance of the market and its timing.

Can't you see you're making my point?
what does it matter where i was in 2004?
The point is that if you borrow to invest in stocks without knowing what you're doing, you're being reckless, and that's the exact point you just made.

nosa2:
Did you post what you bought yesterday, yesterday?

Post what I buy for what purpose??
I make comments about the markets generally? my posts since yesterday were bullish on the market, that's all the opinion I had to share.

nosa2:
How many retail investors had the balls to buy yesterday?

Most retail cash is reserved for FOMO trades

My cash position went to as low as 5% yesterday.

If I was offered loan,. I would have taken it.

Today, even ARADEL that was going through a lot is on full bid.

mikeapollo:
People who borrowed to invest with limited alternative income or cashflows, would take steps to minimize their losses at times of uncertainty.
But those who invested with their own funds can afford to keep their stocks when the market tumbles. It is basic principle in investing.

If you borrow to invest in stocks it has to be that you're sure of what you're doing. Otherwise you're just being reckless.

Knowing what you're doing implies being able to to make accurate predictions to guide your decisions.

GTB isn't closing branches, neither are they making losses and because of some "TA" you want to buy it at #20

Market already up 1.6%

MTNN full bid yet to reflect.

Streetinvestor2:
The most important part of the CGt has been addressed. U can beat or minimise the 25% using many methods available now in the law.Even if they reduce it it will still be in the range of 15-20%.For me nothing concern me again with CGT as can beat it comfortably

Exactly

MTNN on full bid

ZENITHBANK on full bid!

Good luck to those waiting for 120k, you've simply been left behind.

mikeapollo:
This CGT has already affected the market such way that stock prices would struggle to peak by Dec31 because many investors are pulling out their money to buy fixed income securities. Therefore the new base for cost price may not be significantly different from what we have now.

Even if you're right about what prices will be by year end, it still doesn't change the fact that there's a huge relief for long term investors now.

Imagine someone who bought 1m units of OKOMUOIL for N60m during COVID.

Even if the stock stays at 1k by year end, he's now relieved that his N940m gains are completely tax free.

Yesterday he still had the fear that govt would take 25% from it, today, he can rest assured.

Streetinvestor2:
I just needed all my gains of many yrs to be in the bag.Infact many pumping go happen in December before 31 by big guys in the market to reset thr portfolio

My thoughts too.
They might push GTCO to N150 😁😁

Agbalowomeri:
You are doing well

However, that strategy fit hook you for bear period sha

Your opinion.

This quarter has been bearish mostly . I'm up 20%+ despite today's sell off.

When you have the experience, it'll be easier to relate.

Streetinvestor2:
That was my major concern as someone who has paid his dues in the market based on devaluation and inflation. The new guys coming in should go negotiate for thr reduction from 25% to what they can sacrifice e no concern me.I have paid my own dues. When I make new gains next yr we can argue that one .I don't even have plans to remove the money from the market soon

So you're home free be that.

Even when you're ready to exit, you should still find ways to pay less than 5% based on the tax provisions.

Agbalowomeri:
Una really think say na NSEMPA dey run this market

I have no real idea what people here trade.
But this is a market I consistently profit from knowing.

The last time I had a monthly loss was March of 2024. Every month since has been green. Mostly above 10%.

You only achieve that by being right more times than you're wrong.


What if I was waiting for 120k?

I would have missed out on say N30m in earnings.

That's significant considering that I didn't even have 100k net at the start of the year. I had N2m total vs N7m in debts to banks and friends. So -N5m really. God works Miracles sha.

GeeKudi:
It’s an awesome news to hear. For me, it’s the most important aspect of the CGT. The market will likely start reacting before the end of this week.

Exactly.
People should add this to their decision.

Streetinvestor2:
If this has been approved. Then I don't have any serious problem again on the cGT as long time investor. The market will start to reverse tomorrow.

Exactly

Agbalowomeri:
Lol everybody creating their own bottom

Me I love real bottoms

You think 75k is real?
Even 120k isn't.

If this news spreads fast enough 140k will hold, if more slowly, you still won't buy this market below 130k.

The 5% crash seems to break circuit at Taiwo's team, it's good he put out that tweet.

Once the December 31st starts hitting headlines, market should start moving back up tomorrow.

If the market prices in this December 31st rule , we might have already bottomed.
My new support for ASI is 140k!

stokfrick:
The pressure being mounted on them should be channeled towards reducing the retrogressive CGT to max of 10 %

10% is worse if

- you trade less than 150m per year and make less than 10m in gains (they currently pay 0%)

-you do heavy buy/sell (you shouldn't pay more than 5% under the current laws)


These already cover over 95% of people.

Those who might benefit from the 10% are in a very tiny minority.


As a matter of fact, with this new December 31st rule, they've effectively suspended CGT for everyone on all existing gains!

The only CGT you will pay is on any new gains from 2026.

Agbalowomeri:
Lol that is counterintuitive

They will still use your cost price

How? ??

Everyone has been asking for a reference price of Jan 1st, they finally granted it, what else?

By the way, he also confirmed that CGT is to be received by STATES! I think I will relocate to my village, there's a higher chance of successfully confusing the tax people there with the complex maths in my trades 😁😁😁

essentialone:
Explain more.

Previously if you have GTCO in your portfolio that you bought for N10 per share, if you sell next year at N100 per share, they wanted to use N10 as your cost base and tax you on N90 profit. That could be N90m if you hold 1m units.

Now Taiwo Oyedele has said that the new cost base will be anyone you prefer between the N10 you purchased at and the closing price on December 31st.

So if we move GTCO to #150 by December 31st, and you sell at N100 next year, then you pay no CGT, infact na the government owe you tax credit.

emmasoft:
Moreover the charges you pay belongs to different entity involved in the process - Sec, sms, VAT, CSCS etc.

CSCS should reimburse me 12k they've deducted for SMS over the last 15 sessions without any trade alerts.

Olaide1295:
https://x.com/taiwoyedele/status/1988304820202078535

Taiwo Oyedele provides some clarity.

Thanks for sharing.
Guys please go through.

They've decided to do one of the major things people here have been advocating for:

Cost base will be the closing price on December 31st 2025 if your actual cost base is lower.


That's bullish. Cos all we have to do is push GTCO to #150 by December 31st.

Whoever doesn't buy this week will likely likely likely buy higher.

I call support for ASI at 130k.

Anyone waiting below 120k will probably end up buying at higher prices or not get to buy at all.

Airtel now above £3!

About 10% higher that SEPLAT.

GTCO down 5.39% in London.