₦airaland Forum

KarlTom:
FOte$ already holds a sizable %.
Reason I said that I don't understand how that NNPCL stake will play out

crownprince2017:
Based on that info, wapco is the cheapest in the cement business but to buy at current price based on my entry price of 36 looks irrational. Although I believed it's a 500 stock.

unite4real:
Are you aware that the last Nigeria Treasury bills saw a bid of over N4 Trillion for the 364 day tenor alone?

There is a lot of excess fund in the system. I can assure you that dangote refinery IPO might hit massive oversubscription. When I am applying for it, I can only hope to be allotted the minimum required. Any other na jara. I will also expect that my excess fund will be returned.

unite4real:
The challenge with this is that there will be very high oversubscriptions and it will end up in prorating.
I remember the dangote flour mills public offer about 19 years ago, if my memory serves right, I had about 90% of my fund returned after holding the fund for quite a while. I feel the refinery IPO will be far worse due to the current hype and anticipation

Sunrisepebble:
Wapco is our retirement stock

mikeapollo:
But that is the current holding before the public offe. We don't know what percentage he is going to release to the public yet.
He may give 22.5% or more to the public while he keeps like 60-70% to himself

Stockpromoter:
Insurance stocks are moving and this may be the early phase of a major sector re-rating.

Custodian is already approaching ₦70, and Mutual Benefits is sitting on a full bid at ₦5.42. Demand is clearly building. Once leaders stretch, money typically rotates into other undervalued peers.

Royalex, AIICO, Veritas, and Universal cannot be ignored at this stage. If momentum spreads across the sector, these names could move sharply — just like we saw in Japaulgold.

Right now, insurance appears to be one of the few sectors still undervalued relative to market potential. Waiting for perfect confirmation may mean chasing at much higher prices.

Position early, or prepare to buy higher.
The sector rotation is unfolding.

Harddiskng:
Pull what by how many %.

Just so you know, a stock with strong fundamentals and great future prospects won’t pull back massively so you can enter lol.

Instead it will keep increasing in price.

Ask Aradel, it popped up on my criteria around 500 ish months ago. Instead of me to jejely buy at market price, i was looking to get it at a discount. Sending in a bit lower bids. E no wait for me oo, till i missed that ship (know at what price to stop chasing).

Besides i have discovered i have no reason to beat myself up on 10-20% discount when i am looking at over 500 -1,000% return in 5 years

mikeapollo:
And Dangote Refinery too! That is what I am waiting for

ojeysky:
but there will be difference in dividends if both companies pay similar amount, RI as well

emmanuelewumi:
What Investment One said wrote about Aradel

hancock:
Hypothetically , at their current rate N5m invested in Aradel gives you 5,000 share and same N5m invested in NAHCO gives about 32,200 shares
Given both have good upscale in the next 5 years , maybe the NAHCO investment is a better choice ?

hancock:
Hypothetically , at their current rate N5m invested in Aradel gives you 5,000 share and same N5m invested in NAHCO gives about 32,200 shares
Given both have good upscale in the next 5 years , maybe the NAHCO investment is a better choice ?

Mpeace:
Aradel is 900 today

Sunrisepebble:
The Q4 results were good. I applied for 2m units of the public offer, I like the company

mikeapollo:
Custodian has been consistent in capital appreciation over the years.
If you are interested in dividends, I would suggest you compare the possible dividend yield (at current price and current (or prior year) dividend) with other yields or interest rates in the market. If you are okay, then you may go ahead and buy.

ositadima1:
Custodian’s 2025 results look strong, but it wasn’t a normal growth year. Total assets expanded sharply from about ₦407bn to over ₦1.0tn, mainly due to acquisitions and a big increase in investments. Although these acquisitions were funded internally, they also brought in large existing assets and liabilities, which significantly inflated the balance sheet.

Profit after tax rose to about ₦67bn, with EPS of 1,119 kobo. However, earnings were heavily supported by investment income and market-related gains of over ₦110bn, compared to an insurance service result of roughly ₦12bn. This shows profits were more investment-driven than underwriting-driven.

Operating cash flow of about ₦478bn looks very strong, but roughly ₦410bn of this came from a sharp rise in trade payables, meaning cash was boosted mainly by delayed payments rather than permanently higher earnings.

Given the mixed quality of earnings and higher sensitivity to markets, I think a reasonable valuation range is a P/E of about 5x–7x, not a high insurance multiple. Applying this to the EPS of ₦11.19 gives a fair value range of roughly ₦56 to ₦78 per share (aj8 style ). Until earnings stability is proven through a weaker market cycle, 2025 should not be treated as a clean baseline year.

Numbers first, narratives later.
-- ositadima1

PuristForest:
Hypothetically, bro, how can you even consider this as an investor?....like sit on your capital in the market for 10 years with no gains.....abi na joke ni - dividend or no dividend

yMcy56:
The amount, 16.45 is simply outside the -/+10% band for today.

TIP's closing price on Friday 30/01/2026 was N14.95
The +/-10% band for today will be:
Lowest price (-10%) = 13.50
Highest price (+10%) = 16.40

* Note: If you do the 10% calculations, it will give you 16.49....but looking at the Per Value movement of TIP, it's 0.05

* So the Mvmt will be in the range of +/-0.05
E.g. 16.10, 16.15, 16.20, 16.25.......16.35, 16.40....

** This is the rule**

- For stocks less than or equals to N10, the mvmt is 0.01 -termed Penny Stocks
- For stocks above N10 but less than N50 (I think), the mvmt is 0.05
- For stocks above 50 but less than 100 or so, 0.10 (will confirm this)

ogawisdom:
Over subscription seems unlikely because no institutional involvement mainly retail investors and HNIs.

stronglink:
Is the result for TIP out?

Stockpromoter:
ROYAL EXCHANGE (ROYALX) – Q4 2025 IN FOCUS
Market attention is shifting to Royal Exchange Q4 2025 numbers, as current forecasts point to over ₦1bn profit after tax in Q4 alone. This is significant because Q4 is typically the strongest quarter for insurance firms due to premium recognition, investment income and claims adjustments.
If Q4 delivers ₦1bn+ PAT, even a modest or breakeven performance in Q1–Q3 means FY 2025 unaudited results will close positive, confirming a clear turnaround for the company.
A strong Q4 would:
Validate Royal Exchange’s earnings recovery
Reset market perception from survival to growth
Support a re-rating ahead of audited results
As long as the Q4 profit is largely operational and not just one-off accounting gains, the market is likely to price in the turnaround before full-year numbers are released.
In insurance stocks, earnings inflection always comes before price breakout. Q4 2025 is the key trigger to watch.

ManAdii:
Please who knows how much cardinalstone brokers charge as commission when someone buys a stock?

SohSoh:
ZICHIS OPEN DAY LIGHT ROBBERY


"Zichis has reached 2.39, confirming my suspicions about this listing. It feels like we're being played by those in the know.

No wahala... I’ve found my 2026 hustle: Official Zichis Whistleblower.

Let me see that person who will come here and blow grammar about why we must buy ZICHIS. Nobody is safe, not even those stock gurus on TikTok. I go change am for everybody.



Zichis listed 600 million shares : Listing by Introduction. At 1.81

Till now retail investors/traders haven't been able to buy it...

Una papa insiders, why una no just do private or Insider deals before listing and just sell at the right price ...

una wan do open dey light robbery.... na because of Ellah Lakes una get that kind mind
Una papa