₦airaland Forum

WHY IS CUSTODIAN -10%?

Is the market not open? I'm seeing trades from last week Friday

No news about Fertilizer listing. Na wa o. That’s the one I really want


https://www.arise.tv/advisers-emerge-for-dangote-refinery-planned-listing-on-nigerian-exchange/

I even bought more. Average cost up to 176 but we go hang there till Jesus comes. If e crash, I buy again.

HesInMe:
Aren't most large-cap stocks taking a breather after the massive run over the last month?

Take the (very) long view on WAPCO: It's the gazelle of an economically vital, structurally favourable sector.

WAPCO trading around 190 now. What are people scared of? Manipulation or correction?

Prolly end of March or April. Meanwhile I've been buying everyday on the floor.

Engrblessing:
Please when is TIP going to allocate the shares bought during the Public offer?

They have to return the money if they didn't get up to 80% of the public offer. That's the NGX rule. They have no choice in the matter

Redoil:
ellah lake have gotten serious investors hence they decide to return the money back to IPO People. now who is fooling who

Ellahlakes, once they announce something

SonofElElyonRet:
Which penny stocks have the greatest likelihood of huge capital appreciation right now.. ?
Loco's pitch I think I already know... ROLYALEX
Others are free to give their opinion

Thanks!

Agbalowomeri:
The only reason you would ever see any bid is because there are no immediately matching offers. If there are matching orders, the bids are immediately executed without staying in queue

awesomeJ:
Haaaa..
This is trading 101 na.

When a stock is on full offer, any small bid that shows up will automatically and instantly get filled before it gets any chance of showing up on the order book.

Like, that's exactly how it should be

Ah, makes sense. Thanks 🙏🏾.

Can someone help me explain how this works? Even though Ellah no bids visible, there are trades going on.

Medicine after death from ZICHIS

Why the rush on Japaul though? Just because someone said they can bring gold out of the ground doesn't mean it will be an extremely profitable venture.

Aww

Source?

talk2me2:
Zichis on suspension

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

Anything not held by the NNPC is held by Dangote. Otedola’s name is not inside.
NNPC will probably be one of the major institutional investors at/before IPO. Prolly try to get back to the 20% they missed out on before.

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.

N500 ke? Please explain. Also, no buy…you go still buy am at the 500 🤣.

Yes, I saw that news. It actually made me pause before I wrote my comment…but TBilla is different from stocks…else all that N4T should have entered Presco last week 🤣

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.

There will be Dangote Fertilizer IPO too. In total, it’s possible the funds needed to mop everything up go reach $3b or N4t.

Na so e go easy to oversub? That’s a lot of liquidity…and it is not the holy grail of companies.

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

Sure…until the Chinese take it private this year but Amen!. I just started buying last month. Cost basis 174. Intend to buy more tomorrow sha. I can manage till my cost basis is 180.

He has said around 10% before. Around $2bn slot N3T. That’s a looooot of liquidity being sucked from the general population…well, asides foreign institutional investors sha.

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

This custodian pain me small. Was looking at it around N50 (even asked about it here). Well, we can't own everything.

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.

For me, I usually buy at market price just to get skin in the game first. If you don't buy at all, you may end up missing a good run. I buy at market price and then frequently afterwards..if there is a pullback, I buy some more. I always take a long view. The market price today will be considered low next year.


I first recently bought WAPCO at ATH on 156 and hoped it would correct. It went to 160 and I bought twice as much. Then 165 and I doubled down. Now it's almost 200. Imagine I had been waiting for 150.

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

I think the fertilizer is more profitable and predictable. Refinery go just dey play game with NNPC every two market days

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

What is a common sense target price for MTN, Custodian, GTB, and TIP by Dec 2026 (assuming all goes well)?

Anyone know when Dangote fertiliser is listing? I no wan finish my money before then.

No there won't. Dividend can be expressed as a percentage of share price. So 10% dividend will amount to the same 500k.

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

That's crazy high o. This is according to CardinalStone. Who we go come believe bayi?

emmanuelewumi:
What Investment One said wrote about Aradel

The number of shares doesn't mean anything. Think about it in percentage terms. It doesn't matter if you have 1m shares of Aradel or 10m shares of NAHCO, a 10% gain will give you the same 500k

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 ?

The number of shares doesn't mean anything. Think about it in percentage terms. It doesn't matter if you have 1m shares of Arable or 10m shares of NAHCO, a 10% gain will give you the same 500k

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 ?

Abeg why do the bids and offers disappear at around 2:20pm even though trade is ongoing. Sometimes you set a trade at this time and it immediately REJECTS. Is it an NGX thing or cardinal stone thing?