₦airaland Forum

NobodyKnows:
I’m starting to believe na Monkey hunters full this thread sha .
Dem just dy do am lowkey .
They will be loading their portfolios while cheering others on to wait for NESTLE at 70kobo .
I no mention name o

Chai!

Yayira:
Isn’t it funny? The way some people behave here?
They want to start laughing but when the stock was rising they said nothing..
Hiss

You'll be shocked to know that they too are inside AIICO. They could even be the ones booking all these profit and dragging it back to load more at relative grave robber prices. No be Nigerians dem be?

Agbalowomeri:
Go back? or e begin drawn inside the river

You dey get dejavu? Remember say you been enter before the revelation and net catch you.

Agbalowomeri:
Wetin dey happen to our AIICO revelation

You see fit chop five days and you no go drink water?

jideflash:
i dey come mop soveriegn trust soon. target is 80million units more

Hope you are not gradually becoming a one-stock-at-a-time man o? All eggs in one basket?

DeRuggedProf:
Our people say that when you keep hovering around a pool of water, there is a greater probability that sooner than later, you will take a sip..

It may soon dig a pool of its own.

Agbalowomeri:
In my own dictionary, any coy that cannot give me 15% dividend yield in this NSE is overvalued

Thank you jare! That lady thinks value is only determined by fundamentals. How reliable even are the authenticity of these figures on which these fundamentals are being judged?
Of what use to my permanent interest in the stock market is a stock which can't give me 20% in a whole 12 months? Have I come to the market to buy stocks and relish the euphoria created by the knowledge that they are fundamentally sound?

Jejebabaa:
The way some women dey throw stone sorry rock in this NSEMPA is legendary.

����@ playing penny stock and SEPLAT overvalued. It's well ooo

Abeg no mind them. But not all of them anyway.

sillysassysally:
SEPLAT?? Overvalued??
You clearly don't know anything about this market. But then again, it could be because you only play penny stocks...

I hope you saw where I said "in my own eyes"? My parameters have nothing to do with FA which is obviously where you are speaking from.

pluto09:
I have always believed that NB is overvalued.
I just laugh when people say it is a defensive stock.

I have not really ckecked their latest result, but I don't think I can pay more than N70 for NB

Not only NB. All the so called blue chip stocks are overvalued in my eyes. Be it NESTLE, SEPLAT, DANGCEM, GUINNESS, etc. I can only touch NB at N65 and below.

4601CE:
Something is sha pushing me to carry someone else money I have access to ,
And enter market maybe I fit make quick cash .
Or quick gbese

It is very risky especially if you and the person didn't reach a rigid agreement as to when exactly he will need it. If you reached such agreement and the time frame is up to three months, you may try it. But if not, just forget it.

Mcy56:
Chai! See stone!
I no understand that Agba's course jare.
You know that GA class dey get as e be. As the price reach 31k, Agba go still talk say e still dey go 20k, na so I come dey stand for 31k bus stop, say the bus go reverse come pick me there but instead it zoomed off.

Hehehehehehehehe...... This really cracked me up. I am rolling on the floor now.
Beyond 0.31 was GRA (Grave Robbery Analysis) which is Agba's second specialty and his school's final year second semester course which you have not offered. So why did you try to practicalize a course you are yet to offer?

Mcy56:
Y're right anyway. Madam deep.s** wouldn't persecute you if she sees the bolded na.

Deeps**k Veeco?

Mcy56:
Na you be our SA guru now. SA 101 (Sentimental Analysis), okay now. Keep gambling you hear.
There is another SA sha, SA 201 (Spiritual Analysis), whether na Locodemy we go attribute that to, I no know yet.

There is even IA (Intuition Analysis). You will take that one for being able to use it well for SKYE BANK in February.

Mcy56:
Lol at the bolded. You dey among village people ni?
Concerning Wapic, I too saw the price resistance at 0.31 then. I placed a bid immediately a guy /firm came and sold at 0.31 thus clearing all the bids on ground that particular day but wasn't able to get at that 0.31 again. It actually resisted further shedding at that price.
At the 2nd bolded, well, I will say the fear of loosing money is the key here. Eagle eye could turn to bat eye if care is not taking.

For where? Na where I see village power? Na you take your mouth talk am here na? Abi you don forget?
For the bolded: the very fact that you saw and recognized the N0.31 opportunity means you too correctly inferred that it was very unlikely to go below that thus having the eagle eyesight too. But after missing it at that point, the thing later oscillated for five days between 0.34 and O.35 with even some 0.32 intraday moments, so why didn't you still go in? This is where the eagle's gut comes in. Despite being a final year student in Agba's school of GA (Guts Analysis) you backed out. Chai!

Mcy56:
Hhmmm, the story is sweet to tell because it dances in right direction shey.
Why don't you alert us then?
Remember the Wapic you mentioned fell all the way from 57k or thereabout to that 31k, it could have continued with the fallen you know. Those that bought it at 48k or 45k before it further fell thought they had eagle eyes as well
So also Neimeth and others.
Anyway, if someone can monitor price movement closely when no fundamental is backing the price increase up, its achievable. Gambling things.

For the first bolded, the percentage by which it fell to that N0.57 was nowhere near the average market percentage fall which triggers a sharp reversal irrespective of fundamentals. But at 0.31 that percentage was attained. I remember when you bought SKYE BANK sometime in February at that threshold percentage discount but panic sold almost immediately afterwards and missed the full journey back to the destination. Secondly, it became all too obvious that WAPIC, being no mate with other insurance companies trading at sub N0.3, there was a lean probability for it to join them in that range or even stay too long in that N0.31 border line.This is SA 101.
For the second bolded, assumption of having eagle eyesight is actually different from the actual possession of it.

gidgiddy:
You have to forgive, we can't all be the same. We are Igbos, we don't go down without a fight, even if it costs us 3 million souls. That's the stuff we are made of

You guys from the West have no fight in you, thats why you people chose to be Northern slaves long before Ojukwu declared Biafra.

As I said, we can't all be the same.

I am not from the West, but I disagree with you on the bolded. You Igbos actually were guilty of that. Recall that you people were first to enter into a master-slave political relationship with the North as the master? I mean the ideologically bereft NPC-NCNC Zik-Balewa coalition of 1960 in total disregard for the hindsight offered you by the wanton massacres of Igbos by Hausafulanis back in 1945 in Jos and in 1953 in Kano? What of the NPN-NPP alliance which produced Shagari and Ekweme in 1979 despite the hindsight still of over 3 million Igbos that had just been massacred again in the War?
I don't begrudge Igbos for hating Yorubas or vice versa but in defending and justifying the hatred, each side must stick to facts rather than emotional outbursts.

onegentleguy:
REVELATION on C&I LEASING and AIICO fulfilled !!

We earnestly await that of WEMA and CAVERTON!!
...then UACN, then FLOUR MILLS.
For though time may pass, but by the grace of devine, we shall also tap from these opportunities.

Congratulations to all those on board the AIICO train.
...To God be the Glory !!

NOTE: These should NOT be interpreted to mean any kind of recommendation.
...Pls kindly do well to read thru my signature below.

Hoping to jump into these two buses as soon as possible too.

Mpeace:
Wapic.such a horrible q2 they released, with eps of 0.0047. It should be selling below 0.20 but somehow its still moving up. No one can predict the market. I even thought fidelity's delayed result would have a toll on its share price

That is SA for you.

Mcy56:
Hhmmm, the story is sweet to tell because it dances in right direction shey.
Why don't you alert us then?
Remember the Wapic you mentioned fell all the way from 57k or thereabout to that 31k, it could have continued with the fallen you know. Those that bought it at 48k or 45k before it further fell thought they had eagle eyes as well
So also Neimeth and others.
Anyway, if someone can monitor price movement closely when no fundamental is backing the price increase up, its achievable. Gambling things.

That was in 2014. I joined NSEMPA in November 2017. Even now I still play my game more with SA (sentiments analysis) than TA, FA, GA (Agbalowomeri's forte) and all other A's.
The fear of monkey hunter label is the beginning of wisdom here on NSEMPA and that is why I don't alert others on my buying choices and time. What the likes of CP, OGG, etc have gone through about that label is enough for anyone to learn. I am too young for such psychological persecution.
I swooped on WAPIC at N0.31 and N0.33N quietly and would not have ever announced it here if not for your question. Though I am ready to bear whatever comes out of it good or bad.

bigjay01:
yours sincerely partook in this largesse

I partook too but I only entered at N1.32

wanaj0:
Again, there are people that invested in companies that are not 'quoted' so they cannot look at daily price movements. How do such people 'manage' their investments?

It is obvious we have MANY 'emotional investors' who are not meant for the Capital market or any long term investment. I just hope people will not develop high blood pressure with the daily movement in prices.

The dangerous part is those that will have FALSE confidence in their ability to TIME the market. They are usually the ones to pay the HIGHEST tuition fee.

Experience in SA (sentiments analysis) has a correlation there.

From my experience spanning over 15 years on NSE, I have realized that however bearish the general market trend might be, cool money can still be made if one has eagle eyesight. I recall how Ikeja Hotel rose from 70kobo to above N3.5 (400% gain) amidst the very intense bearishness of August to October 2014 occasioned by 2015 election scare. With the same period PZ first fell from N34 to N17 within 30 days but in another 30 days that followed it was back to N34 again. Many more examples abound.
Just last month amidst this current cry of bear with bear bear Neimeth delivered 100% moving from 39 Kobo to 80kobo.
Wapic insurance fell to as low as 31kobo just two weeks ago but yesterday closed on full bid at 39 Kobo.. ....

redflame:
Balewa's government was viewed as corrupt particularly by the western region. Lagos the then capital believed putting an end to the government was the only way to quell the corruption and violence (e.g operation wetie) going on in government. That's why the coup plotters were called REVOLUTIONARIES. It was until the narrative changed to an Igbo coup that why people suddenly had a second thought

The Balewa government had in it the likes of Zik, Okpara, Akintola, Ahmadu Bello, Dennis Osadebey.
The Western Region's grouse with that government was not the perceived corruption but her unrelenting illegal interference with the purely internal affairs of the region all in a bid to kill and bury AG.
Those who alleged corruption were the coupists who deemed it fit to intervene only when the weakening of AG had begun to have effect on the Eastern Region which was hitherto in partnership with the North in seeking AG's death.
How therefore could people have celebrated a coup which, though hinged on corruption excuses, ended up sparing some of the major actors in the corruption ridden government?

chiagozien:
then why the noise about restructuring,
let nigeria remain as it is now till the day it will divide.

The noise about restructuring is not a call for the implementation of Aburi Accord but call for a return to the sovereign 1963 republican constitution which Ironsi destroyed and subverted.

If you are asked to choose between the 1963 constitution and Aburi Accord, which one would you prefer? Be honest.

gidgiddy:
That is not how federalism was killed. Military rule is always a temporal thing. As long as the existing structure is in place, whenever civilian rule returns, federalism will return. Ironsi kept the 4 Regional structure. Had others done the same, we would have returned to 4 Regions as they were before military intervention.

That is why Gowon is to be blamed for the death of federalism. From 4 constitutionally created Regions, he made 12 unconstitutionally created states. This singular act made it impossible for Nigeria to return to the 1963 that only recognised 4 Regions. By the time other military rulers had come and gone, we had 36 unconstitutionally created states

Based on the bolded, you have agreed that military rule automatically takes federalism away and returns when civil rule returns. That means Ironsi, as a military junta, took away federalism which never really returned since civil rule never came again. You know that civil rule return is always a very lean probability once the military takes over since they themselves enjoy power and never want to leave. We later saw it with all Ironsi's successors. So what was the guarantee that Ironsi would have been different from them if he had not been assassinated?

Mpeace:
Not so true. Companies do 100% and more in less than 1yr. Many companies did it last year, fbnh, eterna oil, fcmb, fidelity, etc.

Was it really due to fundamentals or due to foreign hot monies in OGG's language?
If it was due to fundamentals, then how come the same stocks are back to nearly their Dec. 2017 prices right now?

gidgiddy:
Northern group of provinces, Eastern group of provinces, Western group of provinces, Midwest group of provinces.

They are still the 4 Regions Ironsi met and kept. The term used for them in the decree does not matter. Back then, every Region was made up of a group of provinces. The Eastern Region had 20 provinces such Yenagoa province, Aba province and Portharcourt province. All The decree did was reduce the autonomy of the Regions and centralize governance. The 4 Regions still remained. Had others who came after Ironsi kept those 4 Regions, we would have reverted back to Regionalism when military rule ended and civilians returned

And that exactly was how federalism was killed. Recall that what really differentiates between federalism, unitary system and confederalism is just the degree of autonomy of the subnational units.

gidgiddy:
If military rule is illegal and all that was done under military rule is illegal for not being democratic then Ironsi is the best of a bad bunch. Only Ironsi maintained the 4 Regional structure he met. In fact, under Ironsi, the Regions still kept 50% of what accrued in each Region. Ironsi was the best military ruler for the following:

Ironsi never conducted a coup to get to power, all others after him conducted coups for the purpose of taking power

Ironsi did not subdivide the 4 Regions he met, all others subdivided until 4 Regions turned to 36 states.

Ironsi's military junta was actually the worst because of the following:

1. he alone seized power from a democratic government genuinely elected by the people and through a we-the-people constitution.

2. Unlike all the others, he refused to be guided by public opinion. He accepted no single advice from the public despite he was supposedly serving the public.

3. He introduced military rule into a perfectly working democracy.

4. Entirely on his own and without consulting the general public, began to bastardize a constitution which he did not know the pains and time it took to dafters to prepare.

5. On his inauguration day as army GoC he stood before the whole world in full public glare and solemnly swore do defend that very constitution regardless of the circumstances that may later arise. But just six years later he manufactured excuses to renege on that sacred oath of office. The other military juntas never made nor violated such oath of office.

Your claim that Ironsi did not take power through a coup is uninformed. According to Richard Akinjide and other live witness, the governing NNA coalition put forward Alhaji Dipcharima as constitutionally recommend replacement for the slain Balewa for Ironsi to swear in, but Ironsi rejected it and threatened the civilians into submission with the declaration that he wouldn't be able to guarantee their safety if they did not submit power to him. That was a coup as long as a coup is any unconstitutional take over of power.

chiagozien:
i thought you have a solid points.
All you wrote up there is base on your imagination.

After how many years did the civilians
took over power when the aburi agreement failed?

And what makes you to think that each region would not have return to civil rule if the agreement was kept,
or was there agreement that those regions must be ruled by military?


What have we again after the aburi failed,if not killing of millions of people.

Tell me,is your nigeria better now.

But Aburi Accord itself did not even promise to return power to civilians. There was no agreement in it on return to civil rule let alone a fixed date for election. What killed Nigeria is not the rejection of Aburi Accord but the first distortion of our Independence and Republican constitution by Ironsi.
Please recall that the Independence constitution was an agreement that got the approval of everyone including even Ironsi's kinsmen hence was the first and most broad based mutual agreement in the history of Nigreria. In fact on his inauguration day as army GoC Ironsi stood before the whole world and solemnly swore to defend and protect that constitution regardless of the circumstances. However, he later reneged on that solemn oath of office and manufactured an excuse to attack and subvert that same constitution. That was the singular action that convinced everyone in Nigeria that agreements are not really sacrosanct after all. So from that experience no one saw Aburi Accord as sacrosanct. Even if Aburi Accord had been implemented, what was the assurance that another Ironsi wouldn't still have come out from nowhere to violate and subvert it going by the previous experience?

Nigeria is better now than how it would have been had Aburi Accord been implemented.

gidgiddy:
You should go back and learn Nigerian history because you simply don't know what you are talking about. It's unfortunate that people come here to talk nonsense when Google can help them be better informed. Can you name just one of the 35 so called Provinces you claim Ironsi created? Ironsi never abolished the Regions. Also, it is was the failure of Gowon to keep to the Aburi agreement that forced Ojukwu to declare session. One of the points of the Aburi agreement was that if Gowon wanted to change the structure of Nigeria, he had to get the agreement of all 4 Military Governors of the time including Ojukwu. But Gowon did not do this and went ahead to announce the creation of 12 new states on the 26th May 1967. Ojukwu then declared Biafra on the 30th of May.

Gowon caused much of the problems we have today. Gowon abolished the Regions, created states and caused the war by going back on the agreement he signed in Ghana.l

What you fail to understand is that Aburi Accord was a historic illegality and a very dirty slap on the face of the sovereign will of Nigerians who had earlier on with their own resources and from each federal consituency sponsored duly elected civilians to London to draft a genuinely we-the-people constitution for themselves. How does it even make sense to you that an accord hurriedly and illegally put together and foisted on us by the military which had violated and subverted our own sovereign constitution should be implemented? Do you know what sovereignty is all about at all?
Did that military establishment explain to you why they subverted your own sovereign constitution before they drafted another one for you without your consent?
Who represented your federal consituency in Aburi as it was in London in 1957? You mean a constitution drafted by soldiers who should be in the barracks or borders, and unelected civilians and civil servants who, by virtue of the civil service anonymity principle, should not participate in politics cum legislative business should be accepted by the public whose duly elected politicial representative were all sidelined in the process of making the so-called Accord? Are you for real or you are just joking? Was that the kind of country you want? Do you think that was the kind of country the likes of Enahoro Awolowo, Zik, etc had in mind while they fought for Independence? Acountry where some power hungry soldiers and can just wake up one day from the wrong side of their beds, cite national disunity and subvert the people's sovereign will, pack themselves to a far away country, and entirely on their own bring up a new document with the help of unelected civilians and civil servants and then force it down your throat, and go scot free, then after some years another set of power hungry soldiers repeat same and it keeps going on like that? Is that how nations grow in from what you were taught in school?

Was that how the democracies of America, Russia, UK, Canada, China, Germany, Australia, etc grew to the enviable standards we all admire today?

gidgiddy:
You should go back and learn Nigerian history because you simply don't know what you are talking about. It's unfortunate that people come here to talk nonsense when Google can help them be better informed. Can you name just one of the 35 so called Provinces you claim Ironsi created? Ironsi never abolished the Regions. Also, it is was the failure of Gowon to keep to the Aburi agreement that forced Ojukwu to declare session. One of the points of the Aburi agreement was that if Gowon wanted to change the structure of Nigeria, he had to get the agreement of all 4 Military Governors of the time including Ojukwu. But Gowon did not do this and went ahead to announce the creation of 12 new states on the 26th May 1967. Ojukwu then declared Biafra on the 30th of May.

Gowon caused much of the problems we have today. Gowon abolished the Regions, created states and caused the war by going back on the agreement he signed in Ghana.l

It is you rather suffering from ignorance. Here are the provinces as broadcasted by Ironsi himself:

The Unification Decree: No. 34 of 1966
Decree No. 34
[24 th May 1966]
THE FEDERAL MILITARY GOVERNMENT hereby decrees as follows:
1. Subject to the provisions of this Decree, Nigeria shall on 24 th May 1966 (in this Decree referred to as ‘the appointed day’) cease to be a Federation and shall accordingly as from that day be a Republic, by the name of the Republic of Nigeria, consisting of the whole of the territory which immediately before that day was comprised in the Federation.
2. 1. As from the appointed day—
a. the Federal Military Government and the Federal Executive Council shall be known respectively as the National Military Government and the Executive Council;
b. the Federal territory shall be known as the Capital territory;
c. the provinces, including Kaduna capital territory, in schedule 1 of this Decree which immediately before the appointed day were respectively comprised in Northern Nigeria, Eastern Nigeria, Western Nigeria and Mid-Western Nigeria shall be known respectively as the Northern group of Provinces, the Eastern group of Provinces, the Western group of Provinces and the Mid-Western group of Provinces;
d. for the purposes of administration each group of provinces shall subject to the authority of the Head of the National Military Government, be under the general direction and control of a Military Governor appointed by the Head of the National Military Government;
e. Act No. 20 of 1963 (that is to say the Constitution of the Federation) may be cited as the Constitution of the Republic.
1. Without prejudice to section 8 of this Decree, the person who immediately before the appointed day holds the office of Military governor of a Region shall be deemed to have been appointed by the Head of the National Military Government as Military Governor of the corresponding group of provinces with effect from the day.
2. The National Military Government may either conditionally or unconditionally delegate to the Military Governor of a group of provinces power to make laws by edict for the peace, order and good government with respect to any matter specified in the delegation in relation to that group of provinces.
3. Subject to this day and any other Decree, a Military Governor of a group of provinces[/b]may exercise by way of edict or, as the case may be, by regulation, order, or instrument the powers and functions vested in the Executive council of the Government of [b]a former Region, or of the Governor, Premier, or Minister (except in relation to criminal prosecutions) of a government of a former Region under any existing law with respect to that group of section 4 (6) of the Constitution (Suspension and Modification) Decree 1966 (in this Decree referred to as ‘the principal Decree’) shall cease to have effect.
4. Subsection (4) shall be without prejudice to section 8 of this principal Decree shall not affect the operation of that provision in relation to any time before the appointed day.
5. Any Edict made by the Military Governor of a Region which is in force immediately before the appointed day shall, as from that vinces which corresponds to that Region; and references to a Decree shall be construed accordingly.