₦airaland Forum

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.

I'm so happy with the 30 percent capital gain tax. It is going to be a welcomed development.

Increase in taxation is very good for the economy although Nigerian politicians can never do away with their embezzlement mentality.

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.

Many investors underate the power of shareholder's funds(aka equity).

Shareholder's funds is how I know the real worth(intrinsic value) of a company.

jonnysessy:
Or intelligent investigator you meant.

Oga 'Guguru' I salute you!

crownprince2017:
You they read things upside down?

You are emotional to the extent that you can't comprehend clearly.

You're probably right one of the promoters or marketers of low quality (aka junk stocks)stocks.

I thank you for the vituperations.

Locotrader:
Chudi Morka is no more happy with you.
Hide your identity ooooo
Make the man no come arrest you ooo

Why should he arrest him?

If he is genuine,he shouldn't be perturbed by criticisms whether constructive or destructive!

I want the marketers and promoters to de-market my Zenith Bank, UBA and ACCESSCORP.

I really need this de-marketing,so that I can buy more at lower prices.

orriyomi33:
I added Ellahlakes to my watchlist about 60 days ago during the back and forth on it, it's gone on to make about 300% increase in share price.

As a newbie still learning about investment from the experts here I didn't buy it but seeing the massive appreciation🤔🤔🤔

You're now a 'Guguru' !

zendi:
Newbies, Oldies, "Gamblers", Purists, Jijoists, Conservatives, Perfectionists, all should invest in ANY LISTED ENTITY that tickles one's fancy.
No money made WITHIN MARKET RULE is "filthy lucre"
(ill gotten).
To say otherwise is
de-marketing our Market.

Is like you have some low quality stocks you bought around 2009 you want to offload?

Don't worry,the marketers and promoters are already working overtime for your sake .

All these 'Guguru' Investors wannabes think they can gaslight me? They're always in the habit of casting aspersions on me.

If you bought Oando at 7 Naira and it got to 60 Naira and you never sold. And Oando just like APC is never consistent and never to be trusted with respect to the management and earnings;and Oando's earnings and dividends would definitely not be consistent. How will you now get cash flow since dividends is not guaranteed?

faoogoke:
I am weary of the crazy stock price movement we are currently experiencing.
They want to turn me into a trader but I am sticking to my investor mode.
I fear a market crash even though most company fundamentals look good.

The choice is always yours to make.

The investor mode is always the best because of the margin of safety.

I have always loved market crash because that's is the real bonanza time

yMcy56:
EDUECO, make una kuku dey mention our names one by one nah. Lol.

In other news, ELLAH is behaving like the junior Presco 😁
Na you dey see HUT, deep pocket dey see prospect....
If somebody somewhere can stake billions on Street's Palm garden, then, he's probably seen what we can't see now....

I wish them success !

Streetinvestor2:
Madam walahi I will not agree.
They must prove that the member who took his time to go thr is lying.
So if I had sent someone to go verify for me and come here to share it.This is how they would have try rubbishing the member effort.
No it is not acceptable.
Put your money whr you mouth dey.

We will be needing verifications too in future concerning any business even if na alhaji fertiliser or petrol chemicals.

This is how obj talked about pH refinery and they labelled him a lie and even asked him to come see himself. After how many months the place is no longer producing fuel.

This is how to become an intelligent investor.

Streetinvestor2:
When we buy a unit of company we buy into the business and become part owner of the business
When you buy a unit of dead businesses. What are you really buying into.
You just like to be family member of the dead I guess..lol.

The family members of the dead are presently among us.They live in benin and promoting the dead.
Lwkd
The price of non exitant stocks do equally go up.we have seen it in the past on ngx.Share price does not mean a business can not be dead...go and verify in the past
I am obidient

You're so right!

I'm not moved by capital appreciation

I'm only moved by excellent earnings and dividends.