₦airaland Forum

megawealth01:
Abeg no spoil PETERICHY hustles oooo

😀😀😀😀

Krisuba:
Hmm. The stock na real case.!!let me join 20 ,-22 gang d look!!

When I said that Access may not go anywhere unless those PP guys sell off. Even with Interim dividend, the moment it goes up those guys want their money back and they are are ready to exit at 10 naira gain or less. So what we may see is rise and fall😀😀 until we have some serious buyers that can buy like Otedola

ppogba:
Lagos - Ibadan express way!

Some of us have entered and can't back out anymore. I shall know thst those selling for 8 naira gain will have nothing to sell one day. 1.1b units at 20 naira will soon finish.

This also tells you about the kind of people that bought the PP

[quote author=HesInMe post=140150104]Could you please explain this a bit more? Not sure I follow. Even if Gencos made no provision for loses on the debt owed to them, how would (full?) repayment negatively affect their earnings?

One would think that, at worst, impact would be zero. More likely, they'll reverse provisioning (which had been net negative to earnings) and book profit. I'm not an accountant, but what am I missing?

megawealth01:
Na insurance na. Trusting insurance is like trusting NAIJA politicians during campaigns

😀😀😀😀 honestly some of them do not have business on NGX. Imagine Aiico having 36b shares outstanding on top shikini PAT. Honestly their minimum recap should have been 250b if we really mean business in this country

Regency Alliance quietly uploaded their FS on NGX while everyone is sleeping😀😀😀😀. It reminds me of those days where we used to hide our report card

londonerr:
Question is how much was the mysterious pp

1.1b units 😀

Ajibade123:
Could access reach like 40 this year?

Those private placement holders are looking at your comments with smile 😃 10 naira *20 million units is enough for them

faoogoke:
You dey mind them plus that Whale wey dey always hang around when market wan close.

Anyway, we return to the trench next week. Hoping for a better rally.

Access to the moon...

😀😀😀😀

The power fashion against Access are the private investor that bought at 20 naira. Them no get chil at all. 5 naira, 10 naira profit looks good to them and untill they finish dump it, the rat race is unending

lionshare:
Reality vs Assumption

😀😀😀

lionshare:
This is far too predatory—almost to the point of being unbelievable. Yet, the beneficiaries of this extraordinary profiteering are Nigerians.

The fundamental question is: where does Nigeria derive greater economic value—from protecting investor profits or from enabling lower cement prices that reduce construction costs for millions of Nigerians and businesses?

Lower cement prices could have a far-reaching impact on productivity, construction, housing, infrastructure, and broader economic development. The real question is whether we are prioritising the protection of profits or the wider economic benefits that cheaper cement could unlock.

Well written. But as for me, na shareholder I be. I no kill anybody😀😀

megawealth01:
I just hope you bought access for long term sha because na Ogbanje stock

😀😀😀😀 I carry plastic chair come

mikeapollo:
Access go still drop back without interim dividend!

Pls note that I do not support this position anymore😀😀. It is now time for Access to fly high in the air

mikeapollo:
Na wa oo.
So ''Wike people'' dey here

😀😀😀😀

deathwing:
60% margins on something as ubiquitous as cement is pure predatory pricing power. Buy the stock sha so you can follow chop but that kind of profit should be borderline illegal

Buy ke. I don garbage in garbage out like 5 times. My last entry price was 183. As for the legality, them no be father Christmas oh

The way Bua Cement is optimising their direct cost is amazing. See gross profit marging close to 60%. It is crazy for a manufacturing company in Nigeria. Another reason I prefer a nigeria HQ company than those foreign HQ that will have stolen part of the margin through transfer pricing

toyeoye:
ACCESSCORP has extended today's gain to +7.34% at ₦28.50, strengthening what is already its best session of the current 5-day uptrend.

All fake. It must come back home like Fubara

mikeapollo:
The train will develop some ''mechanical fault'' soon.
They may not declare interim dividend and that would hold down the price for a while.

Amen. My prayer is that they should not pay interim dividend and get punished for it so people like us can come in to load more

faoogoke:
First bank didnt arrive at its present price suddenly. It was gradual.

We are watching Access bank as well.

I have Access too but trust me that stock is not going anywhere now. Infact it will take a hit when Dangote IPO discussions resurface. The upside will probably begin towards end of the year subject to them being able to show working on meeting CBN requirements. My opinion though

Mpeace:
Thank you BUA cement

😀😀😀 Alhaji Bua will surprise us this week with special dividend. Although their result is going to be fantastic and even better than people imagine.

Wapco will pay Interim dividend as announced but the impact of their expansion is not going to reflect in their FS until Q3. A lot of their shareholders will be disappointed

Prolificlife:
Good morning house, I just discovered this morning that three of my trading account balances with Morgan Capital was reduced this morning with 27%, 23% and 28%.

Please did any one experience this too?

I have noticed this in the past, i thought it was my imagination, however i started taking screenshot of my balance, but last week i was not feeling to fine so i just check after trading. i still screenshot of on 9th July before this today.

I have called them and they said i should send a mail, which i already did.

I just need you opinion.

Before getting my lawyer involved.

Hmmmm thank you for raiding this issue. I think I motice something similar to this sometimes around March or April when they had system downtime and could not sell my Wapco at a time. Since then I always save my portfolio summary at the end of the day until recently when market was red and I didnt want to see my portfolio summary make I no go blind😀😀. Can I use the opportunity to ask if there is any stock broking firm that has the same interface like Morgan Capital make I open another account. I have Afriinvedtor but I dont like it

ppogba:
Good Morning.

Bros, forget about body language.

Forget about being punished.

Though debatable, the access management has the least integrity in the banking sector for now. You can never trust their words especially where and when your life is involved.

Yes I agree, which is why they are being punished for years. Normally even before CBN axe, Acess should not be 22.9 but it is mainly due to governance issue. I personally have issue with their style of acquisition because I know it is a way to manipulate to carry cash enter plane go where we no know😀😀. I also feel most of the CBN rules are mainly because of the likes of Access Bank even though those rules have been there but not being implemented. So they are more or less the elder brother of Oando. Having said that, there could be an opportunity for one to change their way and return to their God😀😀😀 which may then help the shares price.

mikeapollo:
At the last AGM, AIG said their intention is to comply with the CBN regulation within the 12 months window stipulated, so Access MAY pay dividend for this year if they can achieve that.

Yes you are right. He also mentioned that they have put forward a roadmap to resolving everything to CBN and hopfully aCBN will approve it. I actually watched his body language during the AGM and it was clear that they won't pay interim dividend but year end depends on what they are able to do before then in terms of the roadmap. I see Access Bank being punished further when other big shots are declaring interim dividends

I joined this group just a week ago and I'm surprised with the kind of discussion/argument that is taking the center stage here. By my understanding, this is supposed to be a platform for discussing investment, specifically the stock market. Why are we sending information/misinformation about the kidnaped children. I believe there are other platforms where one can go to rant or share that kind of information. The reason is mainly because it will make this platform uninteresting and a lot of key information may be lost due to overload. Let us keep to the objective of this group while we are all benefiting. Happy investing

yMcy56:
First Bank
A Trillion Capital Base at work..

Please which stock broking platform is this? Is it Morgan Capital?

This is her interview with GB news:
“Home Secretary said in interview that she made a series of announcements and made really radical changes and she will be legislating later this year to put this into law and to make sure that system run very differently in the future.
Journalist : when is this judgement for you ?
Two years time one year time?

Home Secretary: over the next year or two, we will be rolling out these reforms and I would expect them to start making changes and of course as we get toward the end of this parliament. I would expect the new systems to be up and running.

Me: I hope the idiot youtubers would not pick this my summary and be louding it in a bid to earn youtube money that will kill them all

The changes to ILR won't be effective until towards the next election. If you doubt me, go and watch her interview with GB news. She has already hinted but they are trying to be politically correct. Those that are applying for ILR by Q1 2028 will not have issue because TA will be available for them but then your house hold income should not be less than rrasonable

Please oh. Who has the link to the NIS passport renewal application site? I downloaded the NIS app and I registered my details but I am not able to log in after entering my user name and password. I even reset my password and it still doesn't work. Once I click submit, it will return me to sign in page. Egbami ooooo and I need urgent help please pleaseeeee and happy Sunday

rock86:
Is there a reason why my post always get attacked on this thread and usually from same set of people? Cc Justwise

I do not want to say your post is irrational but I think it defies logic which is why you are getting that response

Really. I can clearly see your line of thoughts. The seaport in South south is deliberately not developed to keep Lagos developing. Wow. This appears like the usual beer parlour talks and I never imagined we could go this low on this platform. Haaa. So who are the people behind this conspiracy of failure to develop seaport in south south. Is it all the former military head of states, including Aguiyi Ironsi, Babangida, Obasanjo etc? Or should we point finger to elected presidents like Jonathan who is obviously from south south? The above sentiment is not based on any fact but a mere fallacy that is influenced by too much alcohol.

Secondly, there is nothing like we all develop a place. Lagos was merely a stench and dustbin after federal capital was relocated to Abuja. There are vidoe clips that evidence this claim. It is normal for people to pay tax while carrying out their day to day work in a place, just like we do here in the youkay. And we won't say we all develop UK. You have only performed your civil duty as a residents but you guys keep sounding like you donated money to develop Lagos. While your governors are busy spending money on what is not necessary, Lagos is spending its money on infrastructure with some level of consistency in governance. Is it you that advised Tinubu to rethink revenue generation? Were you the one that developed blue print they have been following since 1999? Tomorrow now, you will say the fastest train Lagos is as a result of being a former capital 😀 Normally I should not engage in this kind of conversation but I can't just help. I'm sure people like you do not even know that where we call Lagos today is not the same Lagos of federal capital. Only about 40% of today's Lagos was the federal capital. Lagos has always been at advantaged position because of its nearness to water and strategic location. We have always had everything first in Lagos and even before almagation in 1914, Lagos had already witnessed development and there are impeccable evidence to this. Let us stop all these beer parlour theories please. My prayer is that when Obi or Jonathan return to power, you guys should advise him to dredge south south seaport further so we dont have to continue to have this conversation.

Hello everyone. In the light of recent ILR brouhaha, I'm already considering canada and my PR should arrive in 8 months all things being equal. So we are considering selling our properties. The property has appreciated but it is a 5 year fixed and we are just 1 year into it. So we would be 2 years by the time the property is put up for sale. Early Repayment Charges is 8k. My question, is there no way to renegotiate the contract now? Im willing to pay a restructuring fees?