₦airaland Forum

Ladygracy:
Heard GTCO just issued new shares at 70 naira. Can I buy at this price from my stockbroking app afrinvest?

A unit of GTCO shares is around 90 plus Naira now.

HesInMe:
Now you remember fundamentals? What was fundamentally supporting the stock at N3, N4, N5, etc., with zero revenue?

Since fundamentals don't matter, let's go to the moon!

They believe the astronomical increase in share price is better than fundamentals.

Gentledove2001:
Please since you "believed" these statement, please don't cross any main road alone. You really need help.

I know you will never believe the last election was rigged.

jonnysessy:
EDUECO, you are always joking. Please, when do I take you serious. Just asking to be guided. Maybe, when you don't add just joking 🤔

I do joke sometimes

Erniemax101:
I was not owing, iv cleared my previous stocks and wanted a fresh start.

It is like a buy commission of 18/19 or even 20 % was used in calculating your average cost?

This is definitely not fair. I'm of the view you were over charged.

Erniemax101:
I’m a Delsu Abraka X-Boy who grew up in Benin, go and ask, we nor dey fear face. If I had ties with other platforms, I’d own it with my full chest. That said, let’s focus on the real issue here.

I’ve asked a straightforward question, and for transparency’s sake, I’ve even attached my correspondence with the Bamboo app for your review. Like I mentioned before, I might be wrong and I stand corrected if that’s the case. I genuinely believe that what we don’t know is often bigger than us, which is why I always approach things with a learner’s mindset.

Now, here’s the question again: if I previously bought a stock and sold it. meaning the transaction is fully closed and I later decide to buy that same stock again, does my new purchase inherit the average cost from my past transactions?

According to the Bamboo team, it does, but I strongly doubt that. If the answer is yes, then fine, lesson learned. But from my experience with Morgan Capital, I’ve never seen this kind of calculation carried over like that.

Please take the time to read the attached correspondence carefully. I’m open to clarity, but I’m also calling things as they appear.

If the ones you bought at higher prices was added to the recent ones you bought at lower prices,then Bamboo is right.

But if you weren't owning any Oando shares before these ones you bought at 37.80 and 41.60 Naira ,then you're right.

synoble:
Please let me join your guidance or classes, I'll need your teaching too...I'm available for any lessons or sessions sir.

Are you a lady ?

Do you have what dey can guide?

Just joking

It is now they want to bury him

There is a rumour that he died in 2017.

ositadima1:
You wouldn’t understand, would you? Your views are purely black and white — either good or bad, with no in-between.

There’s nothing wrong with that if it works for you, honestly — just saying.

You may be right!

Is like the money doublers don't wanna make money again?

Ellah lekos on the beat!

I know Ellah lekos must get to N100 before December 2025.

I'm just laughing in Mandarin


笑

ositadima1:


From a TA perspective, EllahLakes may drop to ₦7. It’s been moving without strong backing, and I think it could come down to ₦7 and oscillate between ₦7 and ₦9 until a major driver emerges again.

Remember, fundamentally, at ₦12.60 per share, the company should either be paying around 90 kobo in dividends or generating free cash flow close to ₦3 billion, given its current outstanding shares.

Don’t get carried away — take profit while you can.

Ololos

If everyone takes profit in Ellah lekos,then the stock may go back to 2 Naira.

Ellah lekos is on its way to 100 Naira.

I laugh in Chinese
笑

fashionnisir:
the stock brokers are to start developing means to be able to revist when sales are made to avold funds hitting the bank account to avold faxing it. some thing like drip for investing in us stock exchange.

You're probably right!

Streetinvestor2:
Me thinking aloud concerning ngx.Sometimes thr is multiplier effect when things happen. I hope the burst of one company does not send mistrust to new comers into ngx which may create bloody red on ngx. It will equally affect me oh.The regulators need to sit up to thr responsibilities on time

My candid advice for beginners in the Nigerian Stock Exchange is for them to buy companies that have been paying dividends consistently for the past 10 years.

With the above,I'm quite sure they would never have any reason to regret in the next 5 to 10 years.

leo1234:
Risky but highly rewarding. 😬

Congratulations to those in the bus.

I was just joking!

gmart:
No, it doesn’t.

Alright! Thanks

Babygal2020:
Could a kind boss here guide me in Nigerian stock market?

I'm just a hustling lady. Please help. I don't know which of the stocks to buy.

Do you want to multiply your money like the monkey hunters?

Or you want your investment to work for you just like in real estate? If you're after dividends and preservation of your invested capital; just buy any of the following:

Zenith Bank

GTBANK

ACCESSCORP

UBA

Fidelity Bank.

faoogoke:
I am surprised that no one is asking after the Ellah Lakes Oil mIll that was supposed to be commissioned last month end

The oil mill is inconsequential!

What matters is that Ellah lekos must get to 100 Naira before December.

gmart:
This is how you peddle cheap lies because you have ties to certain platforms. Trades that are executed on NGX with trade alerts sent by CSCS how is Bamboo playing you? The average cost computation is done based on the lifetime cost of any security in your portfolio. I found it very helpful and a lot of traders have even requested for it to be brought back (I attached screenshots I just pulled from Twitter)

How do you disparage a platform on a public forum based on false information? Bamboo today is the leading stock investment app (for local & foreign stocks) for retail investors in Nigeria, if you want to sleep well at night then I’d recommend you pick them. I’ve used the app for years trading US stocks and I’ve never had an issue.

Does Bamboo App show real time trade for US stocks just like Morgan iTrade live trade?

Kesta22:
Good day house. Please recommend 2 or 3 dividend paying stocks and 3 non dividend paying stocks that has potential for growth, aside banks?

Berger Paints
UCAP
Dangote Cement
SEPLAT

They are all dividend paying stocks.

KarlTom:
I think we're mixing this CGT up.

Scenario A:
I have a portfolio size of ₦100m and it appreciates to ₦250m (due to SP increase & zero trading).
Scenario B:
I have a portfolio size of ₦100m and it appreciates to ₦250m (due to SP increase & aggressive trading).

IMO I think it's Scenario B that is being taxed rather than Scenario A.
I'm open to more insight

I also think the situation is little bit dicey.

Streetinvestor2:
Pls add Afromidia as they all dey same industry

Yeah, you are right.

They are first class CBEX stocks(aka the more you look the less you see stocks)

zendi:
The day you begin to recommend JIJO, I will convert to long term.
I will run for my dear life

Is like you don't want to multiply your money by a future 50 baggers like Daars Communications ?

Just joking
...

zendi:
Ask Quora again whether buying sheep and selling deer is against the Constitution or the Bible.

Is not against the law !

I have an investment suggestion for you. Just buy Daars Communication,I heard it will get to 50 Naira before December.

SohSoh:
Ellah Lakes Ellah Lakes

As seen on nairametrics

1: in year September 2022 : took over Adarice Farms from Enugu state government, no pictures of the Rice in the Market, but in 2024 & 2023 declared zero revenue

2: September 2022, claimed to make acquisitions, yet those companies acquired in 2023 & 2024 made zero revenue

3: September 2023 , Got SEC approval to raise 2.9billion yet in 2023 $ 2024 made zero revenue

4: October 2023 plans to invest 400million usd… yet in same 2023, and 2024 made zero revenue

No be juju be that

So what are you insinuating?

Is this a case of someone trying to get something from nothing?

Streetinvestor2:
This bot has banned and unbanned me like 5 times for reasons I don't even understand

I think Seun's bot is just like APC, very unpredictable.

SohSoh:
Did you read this news article ... a company can couldn't repay or manage 940 million loan... is seeking 250billion

They should issue commercial paper least see if they can repay since company like Dangote, Fidson, Mecure industries are all issuing commercial paper Ellah Lakes should issue commercial paper ....

I'm just speechless.

There is no words to describe how I feel.

I think you're probably right.

Streetinvestor2:
[b][/b]The new law says if fully reinvested in the same financial yr.No CGT.
If part is reinvest. The part not reinvest will be taxed based on profit on it
For me na to dey reinvest and collect from dividend which is only 10% WHT as final tax

I think this is fantastic! So continuous reinvestment is going to pay the trader in the long run; this is an indefinite compounding of your starting capital.

megamart247:
What if the 300m profits is reinvested in stocks will it be taxed ?

If you account grew from 50 to 300 million Naira within a year,you have invariably made a profit of 250 million Naira.

I believe the 75 million Naira tax due to the government will be debited against your trading account. .

From Quora

EDUECO:
You started the year trading with 50 million Naira.

At the end of the year you turn your 50 million to 300 million Naira.

So,from the above ; your profit is around 250 million Naira.

30% of 250 million is 75 million Naira,then you will take 175 million.

The government will get 75 million Naira while you the monkey hunter(sorry trader) will get 175 million Naira .

I know the monkey hunters gang will not be happy with my analysis above

I see nothing wrong in paying 30% as capital gain tax to Nigeria; because without the Nigerian Stock Exchange,you wouldn't have been able to make such money.

Someone in this hypothetical case is not a poor person in Nigeria.

Some stock traders are even in a better position than this.

Streetinvestor2:
Nigerians are going through hunger and serious poverty. I don't see that tax thing starting full in January 2026 as said.Our coalition is bringing it hot for this government and apc.They won't want to increase the anger in the land more before the election. They may pick some part and implement because of election

A stock trader with 50 million Naira trading capital is not a poor person in Nigeria.

Streetinvestor2:
If you be member of his ministry. You will be informed that thr are type of companies you don't associate that name with even in the dream..lol

Just leave am,he dey find wetin anti low quality stocks gang talk.