₦airaland Forum

Same here sir. 🙏

KarlTom:
I'm a TradInvestor. My primary aim is to maximize the returns on my investments

Interesting conversation on this episode of Ugodre Drinks and Mics.
Nigeria's macros reality and foreign partition in NGX were major highlights for me.


https://www.youtube.com/watch?v=dRxeT0rrYyg?si=LKfbO-ofTL3Hg2Hn

One just need to have an open mind and be open for a conversation.

*I follow an handle on X, @cryptosenko, he's a TA specialist. I can argue he's one of the best on Twitter - based on his record. It is phenomenal, more than 98% accuracy rate on his TA calls on NGX.*

But crucially, he emphasise FA just as much as TA. He often says low quality stocks (**Oshimiri stocks**) are to be used to extract liquidity, and deploy the "loot" to FA/solid stocks. Never to be emotionally attached to low quality stocks.
Or any stock for that matter without a strong corporate governance record.

I think the back and forth basically reinforce this point.

Knowledge, balance and risk management are important.

***This is not a promotion of anything or anyone. Please do your own research. I don't know him and he doesn't know me.
I respect and admire his work ni.

emmanuelewumi:
But people marketing low quality wares usually term the discussion, information and knowledge and experience shared as hatred for those low quality wares.

As a part time retail investor, some of my deductions from the discussion over the couple of days includes:

***FA ✅
**TA ✅
**SA✅
**SpA✅
**StA✅
**Market Whispers ✅
**Trader✅
**Investor ✅
***Tradevestor✅✅


* Make sure you are making money;

* Know what works for you;

* Manage your risks;

* The bigger your portfolio, the lesser your exposure to risky stocks;

* Only play low quality stocks when your TA game is strong, if not stick with blue chips.

These kind of discussion, when it stays within the bound of good taste, can be quite nourishing.

This is sad... In big 2026!
When the money finishes, what will he live on then?

AngelSlay:
I swear, last month na him my friend eat everything wey remaon for wetin him papa leave for am, sell the land in Ajuwon for 40m lodge for hotel 2 months straight.

Nahco Dividend ✅✅✅
Nagode!

Thanks Onome.

**I always watch & like your videos.

Pennystockwarri:

https://www.youtube.com/watch?v=RUktyT7u9cg

Ngx daily market summary for today

Imagine trading with 30 minutes delayed data!

This assymetry caused me "₦,000's" in potential profit today.

I don't know why it's persisted this long. It's become a daily issue now.

222Martins:
Just look at the picture attached. If you try to place a buy or sell order based on the price you are seeing on this live trade, you will be arbitraged. How else do you define confusion?

Wow!🤯🤯🤯

It makes your story more remarkable... The power of consistency and growth..

I tap into your grace o.🙏🙏

megawealth01:
I started my ngx journey with 6500 naira

My apologies o!!

I meant to say UUHNI !

megawealth01:
High networth individual bawo?

Gbam!

KarlTom:
I apologize on his behalf.
He was actually trying to say Ultra High Networth Individual (UHNI)

This is a good move. I'll be threading this this path soon as well.

jonnysessy:
They succeeded in wasting my time today. I bidded for a share and it was on pending list for a long time. I later thought the order was executed as my order turned green. I am surprised to see that my money was credited back and no share appeared on my portfolio.


Lesson learnt :You need to register with two to three stockbrokers in case one fails you. This is another level of diversification.

That is a more reasonable amount for a retail investor.

**I am not an HNI like you yet **

megawealth01:
It's 50k now

Thank you for your response. I appreciate.

Willie2015:
N1m ..check their online form

Thank you for your message. I appreciate.

Ginalex:
1million

Thank you for your response. Appreciated.

deathwing:
50k

Greetings to everyone o...

Can anyone help with the minimum opening balance for Cardinal Stone Stockbrokers?

Thank you.

I think it's fair to say Morgan's customer relations management system has collapsed. At least judging from my own experience with them currently.

You have to pray to never have a reason to reach out to them because it is been frustrating for me.

Anyone that's been able to teach recently should please share how they did.

Disappointing.

Thanks Onome. 🙏🏿🙏🏿🙏🏿

Pennystockwarri:

https://www.youtube.com/watch?v=lUfv_VCj3-o?si=KapgGY4PqDkzvii-

NGX Premarket for today

Market whispers... 🧏🏿🧏🏿🧏🏿

Q1 results...↗️↗️↗️

Notes taken...📝📝📝

🤳🏿🤳🏿🤳🏿💻💻💻


Na go de... Nwoke


#NFA #DYOR

Sunrisepebble:
Vitafoam WAPCO
NFA/DYOR

I'm referring to Atlas Portfolio.

To be honest, I have not really looked them that much. So my comment's based on the user reviews I read here.

Their trading interface is essentially the same as Morgan's from what's shared back then.

I'm curious to know if you also experience trade execution delays with Atlas Portfolio?

Morgan's delays can be more than 30 minutes sometimes.

presiade:
I assume you’re referring to ATLS. I had no issues opening an account with them and funding it. They credit my trading account within 30 minutes of wiring my funds to them. I still paid in today, and the experience was the same.

Fair point.

When it begins to affect trading activities significantly & it's a recurring thing, then something deeper could be the issue.

Their smeh smeh couldn't let me execute some trades... That is a loss of of one or two commas.

***Bros, we want to join in the HNI & Billionaires club too like you, Agba & the rest here o ***

megawealth01:
In this game, all brokers suppose get complaints from time to time na

I think that is the current threshold for HNI in Nigeria according to SEC guidelines.
***₦150 Million***

emmanuelewumi:
Growing it to N500 million and above becomes easy . The koko is to build that N150 million portfolio

I have read complaints about them as well.

I recall someone complained about account funding or loggin in to their trading account.

presiade:
Change to Atlass Portfolios for your gambling trades so that you can retain more of your loots.

Likely that is the case.

I noticed that a number of the staffs that would typically respond to mails don't that do that again.
Particularly refering to one Yemisi. She often used to be the one that responded to my mails. But I have noticed it is somebody else now.

Maybe they should automate some of their processes to manage the staffing issues. It is not nice when multiple customers across different platforms share similar complaints.

I hope they'll fix up though.

Agbalowomeri:
Could be some staff turnover

Good afternoon all.
Does anyone have any current information about Vitafoam bonus shares issue?

Has anyone's account been credited yet?

Any update will be helpful.

Hard to understand what has happened to them.

Is it that they've become overwhelmed?

I have an ongoing issue with them; I can confirm it's tiring.

I am not impressed.

Codevalley:
Morgans Capital customer’s service is something else, hardly respond to mail or calls .

It is past due to time for them to act.

It may even be argued that is likely the most illiquid stock in the market - or at least in the top 3.

Oasisblue:
LOL.

With just 3 transactions, and I bet these are internal tradings. NGX should do something about this stock. Perpetually unavailable.

It is regulatory capture that DR wants. I believe the FG will cave in because of elections & related shenanigans.

The refinery is a business and not a charity. So I'm always baffled when folks praise them whenever their narrative is that they "reduce their prices due to love for the common man."

Whereas in plain and simple language, they're only responding to market dynamics ní FGS!
How our people do not see I can't understand sha.

A free market will help alleviate/eliminate many of the problems & disruptions in our economy today. Many of the structural constraints which have caused the extended levels of high inflation has been caused by the refusal of policymakers to adopt a market based approach to our problems.

Some of the tariffs and barriers to trade that we have in place are the very reason why inflation has been stubborn here. And the quality of life of the average Nigerian has been on downward slide each year that these tariffs persist.

From Rice, Flour, Cement, Cars to Urea and now Petrol, we have tariffs or outright bans in place for many things that have adversely impacted the common man while enriching a minute few.

Policymakers in Nigeria have been very wicked and unfair to the average Nigerian over the last 20 years due to this "local self-sufficiency slogan."

The US & KSA are the two largest producers of Crude Oil in the world, yet they both import oil in large quantities for various reasons.

UAE sits on a desert, that is millions of tonnes of sand, yet it imports sand for its construction industry. For example, the famous Burj Khalifa was built with imported sand from Australia.

The point here is, there is no crime if Dangote Refinery imports its crude too. What should matters to the average citizen is that the FGN gets the best value for Nigeria's crude, whether sold to DR or to offshore off takers.

Government should be pro-people and pro-markets, not just pro-business.

Take a look at the details of some of our tariffs/duties in the attached image, and ask yourself whether we are not tariffing ourselves to poverty? Are these guys not mad?!

Sugar and Flour have upto 70% tariffs on them, imagine if the tariffs on both is reduced to 5% - 10%? Will that not immediately impact the price of bread? Will that not put more money in people's pockets? Will it not help reduce hunger?

We need to explain fundamental economics to the average Nigerian so that they can understand the evil our policymakers are doing to us.

Dbegining:
I'll start with the same thing i ended with when i spoke to you the last time: I hooe you're a billionaire (at least in naira) .That will give meaning to your position on things.

You are talking about operating cost? D you know how much in pure profits the refinery is making?

The government stifled competitors from importing fuel just fr ONE MAN!

He went to court to ask to be the sole importer of fuel at one time.

The chairman of that oil regulatory company that was fired the other day was because he refused to do Dangote's bidding. Cause Dangote can't tell me that's the first government official he has seen that's corrupt. And then why didn't he also serve as a whistle blower for the rest?


Let the government FREELY open importation and let the free economy decide things. THAT'S FUNDAMENTAL ECONOMICS!

Stop supporting evil be it the government or private individuals!

Hello.

I respect your views on this issue.

I will like to share mine as well. I am primarily concerned with the average Nigerian, the consumer, as I am one.

Here are my views:

1 - On 'low quality fuel', it is not every car that needs premium quality fuel. In many countries, there is a choice of the type/grade of petrol the consumer buys at the pump. So you can chose whether to buy the high premium grade or lower grade variant.

In my view, the regulator only has to ensure that the "grades of petrols" sold in Nigeria meets a minimum quality & standards. For the auto experts, I am sure a 40 year old Danfo doesn't need to use the same petrol grade as a 2025 Toyota or Mercedes SUV?

Everybody should not be forced to use "high grade premium quality" petrol where there are other reasonoble low priced options. Consumers should be given the option to chose the options that suits their pockets and engine needs.

2 - Energy security is very important as we have seen from the recent crisis in the middle-east. I think it's not wise to tie our fate to Dangote Refinery only for our petrol needs. Moreover, giving Dangote Refinery a captive market by not allowing other players import is not a wise move for the economy & consumer protection, in my view.

A mix of sources is better to ensure a robust, competitive and resilient energy supply value chain.

A big maintenance shut down (like some months back) or any other force majeure will leave us badly exposed and cause a major supply chain and economic disruption. Think of it as "Iran blocking the Strait of Hormuz."

3 - Since they have invested several Billions of dollars, I trust that Dangote Refinery will do what is best for their company by wanting to maximise profits. That is fine.

The average Nigerian consumer should also have their interests protected with the option of reasonable quality & cheap fuel. That will keep more money in the pocket of the average person to be able to spend on life's other demanding needs like food, clothing and shelter. All our spendingd shouldn't be eaten up by energy bills alone.

4 - To recoup its invest, I am sure Dangote Refinery can export products to other willing buyers - of which I believe there are many of such out there. It is not a must that they sell to Nigeria only.
He can even receive more FX from such sale because he maybe able to charge them more.

These are the main pillars of my view. If you were to summarise it though, it'll be centred on consumer protection and supply value chain resilience. It is a tough ask but that should be the primary thrust of government policy.

nairalanda1:
What you are arguing for is that dangote should cut workers salaries, cut mainteance costs, and cut a lot of other things, so that you can have cheap fuel.

Life no be that way.

(Yep, I am not supporting this tinubu government too, before anyone starts. Just plain economics.)

Add the fact that the refineries that imported fuel comes from refine low quality fuel. That was the main source of our fuel before the dangote refinery came on stream.

Then dangote is operating under tinubu economy. Unless tinubu has started running the economy well, domestic producing costs go dey higher.

Hello Bassdow,

What will your advise be for this type of load profile?

Note that the occasional loads will be used only with other appliances turned off.

Grid supply is very very bad here - almost nonexistent to be candid. So PV charging will be the primary means.

Strict energy management will be in place.

bassdow:
We ned not know how many rooms in your house or flat.

What's more helpful is knowing the loads you intends powering e.g 32-inch LED Tv, 1HP submersible pumping machine, 1HP AirConditioner, 200l Chest freezer, etc

Then you also tell us which of those loads are more likely to be used during the day than at Night.

only then can we begin to have idea of what to suggest.

As for Inverter that eats Cola, would allow those who knows such inverter to comment

This is the ColaSolar product i am looking out for now: the Cola3600plus option.

Though i have read also that their battery performance details as stated here may not match real life reality. So i am interested to hear from anyone that has used this product directly.

I am tenant so there is a limit to how many solar panel my landlord may allow. So i am looking at something functional and portable.


https://www.colasolar.com/2308.html

elpaso007:
Hello Everyone.

I am thinking of 3.6Kwh ColaSolar portable solar generator with Jinko solar for a small house setup.

My estimation of the total base load is about 800W - 1000W (including a Deep Freezer) with occasional usage of appliances like Blender (800W).

Kindly advice on the best way to go about this . Thanks