₦airaland Forum

*Everyone loves selflessness, when it benefits them, but calls it weakness, when it benefits someone else.* 🤔

ghm:
@essentialone1,
What are you saying?
Why do you call people short-term gamblers? These are recognised categories—globally.

By Holding Period:
Scalpers – seconds to minutes
Day Traders – within a single session, no overnight positions
Swing Traders – days to weeks
Position Traders – weeks to months
Investors – months to years

By Strategy & Analysis:
Momentum Traders – ride strong price trends
Breakout Traders – enter when price breaks key levels
Mean Reversion Traders – bet on price returning to average
News-Based Traders – react to events and announcements
Arbitrage Traders – profit from price differences across markets
Technical Traders – use charts, patterns, indicators
Fundamental Traders – analyse financials and economic conditions

By Execution:
Algorithmic (Algo) Traders – automated, rule-based execution

Investment Styles:
Growth Investing – companies expected to grow faster than market
Value Investing – undervalued stocks relative to intrinsic worth
Income Investing – prioritise dividends and cash flow
Active vs. Passive – beat the market vs. match the market

Different timeframes. Different disciplines. All legitimate.

Don't reduce us to slurs.
I have used most of the methods at one time or the other.

Are you saying we whould delve into these 10? I have a special account for speculative plays and I am open to it and they can easily fit in.

You are doing well, so long as you got the gist or drift.

SonofElElyonRet:
Enlighten me on why I saw 8.33% appreciation

Today the stock was on Full Bid and price has moved from N0.36 to N0.39

You are not aware?

*10 'Cheapest' Stocks in NGX Stock Market presently. Short-term Gamblers take note:*

1. Multi-trex Plc (N0.39)
2. Secure Electronic Technology NSLTECH Plc (N0.73)
3. Regency Alliance Insurance Plc (N0.74)
4. Guinea Insurance Plc (N0.78)
5. Royal Exchange Insurance Plc (N1.08)
6. Veritas Kapital Insurance Plc (N1.08)
7. Prestige Insurance Plc (N1.36)
8. Omatek Plc (N1.41)
9. Daar Communication Plc (N1.45)
10. Linkage Insurance Plc (N1.65)

Ok

Just as I predicted. Multi-trex Plc is back today and has already entered a mega Rally... Short Term Gamblers take note.

Congratulations to everyone who has been Holding Multi-trex Plc for the past 8 years. It is not easy. A lot of stocks suspended then, have all been delisted. But here you are. Go for Thanksgiving. This is your time to reap the fruit of your Patience.

Southern Nigeria has the higher number of beggers than Northern Nigeria. Though, that's depends on what you delineate beggar as.

It's very ridiculous reading posts and comments from some Southerners who speak ill of the North whenever the topic of the Almajiri system or begging comes up. Meanwhile, blunderly sighting others' lapse by laddering their's.

You don’t have to agree with me, but the truth is, Southern Nigeria has some of the highest numbers of jobless youths. And one major reason is that many see lowly jobs as embarrassing. They also have many out-of-school youths, kids, and jobless people who refuse to do the so-called lowly jobs. This shape them to indirect begging.

Speaking from experience. There’s another kind of begging in the South. A modern, subtle one. At almost every bus stop, youths and underage kids who are supposed to be at school will forcefully carry your luggage without being asked, then expect payment.

On the streets, people will sing praises and prostrate for change that isn’t even up to N500. From a distance, the moment they recognize you as one of their regular helpers, they start hailing and prostrating the second you get close.

A man old enough to be your father will prostrate for you just for N200. That is the reality in the South. They also have many out-of-school youths and kids and jobless people who refuse to do the so-called lowly jobs.

Yeah, in the North, the Almajiri system should be abolished, or at the very least, be reformed for the better. I have never supported the Almajiri system, and I never will. But here’s my question: whenever the conversation is about begging and beggars, why do Northerners, especially Hausa people, always become the face of it?

You used to say it yourselves that Hausa people mostly do lowly jobs like gateman, nail cutting, tailoring, etc. This means that they would rather do such lowly jobs than beg. On the other hand, the southern youths rather beg than do such lowly jobs. Then, who's the real beggar here?

Poverty and unemployment do not have a tribe or region. Stop naming others as the problem. Change begins with you.

May Nigeria be great.

Southern Nigeria has the higher number of beggers than Northern Nigeria. Though, that's depends on what you delineate beggar as.

It's very ridiculous reading posts and comments from some Southerners who speak ill of the North whenever the topic of the Almajiri system or begging comes up. Meanwhile, blunderly sighting others' lapse by laddering their's.

You don’t have to agree with me, but the truth is, Southern Nigeria has some of the highest numbers of jobless youths. And one major reason is that many see lowly jobs as embarrassing. They also have many out-of-school youths, kids, and jobless people who refuse to do the so-called lowly jobs. This shape them to indirect begging.

Speaking from experience. There’s another kind of begging in the South. A modern, subtle one. At almost every bus stop, youths and underage kids who are supposed to be at school will forcefully carry your luggage without being asked, then expect payment.

On the streets, people will sing praises and prostrate for change that isn’t even up to N500. From a distance, the moment they recognize you as one of their regular helpers, they start hailing and prostrating the second you get close.

A man old enough to be your father will prostrate for you just for N200. That is the reality in the South. They also have many out-of-school youths and kids and jobless people who refuse to do the so-called lowly jobs.

Yeah, in the North, the Almajiri system should be abolished, or at the very least, be reformed for the better. I have never supported the Almajiri system, and I never will. But here’s my question: whenever the conversation is about begging and beggars, why do Northerners, especially Hausa people, always become the face of it?

You used to say it yourselves that Hausa people mostly do lowly jobs like gateman, nail cutting, tailoring, etc. This means that they would rather do such lowly jobs than beg. On the other hand, the southern youths rather beg than do such lowly jobs. Then, who's the real beggar here?

Poverty and unemployment do not have a tribe or region. Stop naming others as the problem. Change begins with you.

May Nigeria be great.

Southern Nigeria has the higher number of beggers than Northern Nigeria. Though, that's depends on what you delineate beggar as.

It's very ridiculous reading posts and comments from some Southerners who speak ill of the North whenever the topic of the Almajiri system or begging comes up. Meanwhile, blunderly sighting others' lapse by laddering their's.

You don’t have to agree with me, but the truth is, Southern Nigeria has some of the highest numbers of jobless youths. And one major reason is that many see lowly jobs as embarrassing. They also have many out-of-school youths, kids, and jobless people who refuse to do the so-called lowly jobs. This shape them to indirect begging.

Speaking from experience. There’s another kind of begging in the South. A modern, subtle one. At almost every bus stop, youths and underage kids who are supposed to be at school will forcefully carry your luggage without being asked, then expect payment.

On the streets, people will sing praises and prostrate for change that isn’t even up to N500. From a distance, the moment they recognize you as one of their regular helpers, they start hailing and prostrating the second you get close.

A man old enough to be your father will prostrate for you just for N200. That is the reality in the South. They also have many out-of-school youths and kids and jobless people who refuse to do the so-called lowly jobs.

Yeah, in the North, the Almajiri system should be abolished, or at the very least, be reformed for the better. I have never supported the Almajiri system, and I never will. But here’s my question: whenever the conversation is about begging and beggars, why do Northerners, especially Hausa people, always become the face of it?

You used to say it yourselves that Hausa people mostly do lowly jobs like gateman, nail cutting, tailoring, etc. This means that they would rather do such lowly jobs than beg. On the other hand, the southern youths rather beg than do such lowly jobs. Then, who's the real beggar here?

Poverty and unemployment do not have a tribe or region. Stop naming others as the problem. Change begins with you.

May Nigeria be great.

Today, Access Bank, GT Bank, and UBA Bank all went down in Price...

Linkage Assurance Plc has:

Return on Equity: 6.27%
Price to Earnings Ratio: 9.82x
Debt to Equity Ratio: 0.66x
Current Ratio: 3.28x
Net Profit Margin: 23.37%
Dividend Yield: 0.00%

How true is this? What do you say?

?

Sometimes we outgrow certain tables, not because the people on that table are bad people, but because the conversation at that table, no longer feeds the person you are becoming.

Sometimes we outgrow certain tables, not because the people on that table are bad people, but because the conversation at that table, no longer feeds the person you are becoming.

Lasaco Assurance Plc...

*LASACO* as of October 2026.

*1. Price action:*
- 1WK +1.13% (N1.77 to N1.79), 1YR -37.6%, YTD -26.9%
- 52-week range N1.72 to N5.25. It is sitting right on the floor at N1.72 to N1.77 which has held 4 times since August.
- Ranking 119th YTD on NGX is classic post-dilution hangover.

*2. Volume spike = rights absorption, not accumulation*
Oct 6: 13.19m shares vs Oct 5: 2.3m, Oct 2: 2.2m = 6x jump. That's not institutional buying, that's the listing effect.

LASACO listed *9,232,059,200 units from N18.5bn Rights at N2.00* on NGX in August 2026. Total outstanding now ∼20.3bn shares.

When you issue 9.2bn new shares at N2.00 and market is at N1.79, two things happen:
- Everyone who took rights is *-10.50% underwater* immediately (1.79 vs 2.00)
- Market needs to absorb supply. That's why 6MO -18.3% and 3MO -3.24% - pure dilution pressure. The 31st most traded or 341m volume in 3 months, is the market chewing through that float.

*3. Fundamentals - turnaround is real but noisy*.
- *H1 2026:* PAT N384.9m vs H1 2025 loss N731.5m - reversed loss. That's the number that matters for insurance.
- *Q1 2026* N2.36bn PAT with +119% growth includes fair value gains and investment income - not core underwriting. H1 N384.9m is more conservative.
- Why cost cutting worked: Insurance service expense dropped, combined ratio improved. They needed it - NAICOM recapitalization deadline for Tier 1 insurers is now N15bn minimum capital. That N18.5bn rights makes them compliant.

So they have a *divergence*: Fundamentals improving, price falling = dilution.

*Revised Read:*

- *Technical:* A support call at N1.72 is spot on. A weekly close below N1.72 on high volume breaks the floor and opens N1.40s. A Hold above N1.77 with volume declining = supply drying up.
- *Fundamental:* At N1.79 x ∼20.3bn shares = Market Cap ~N36.3bn. With H1 PAT N384.9m annualized ~N770m, P/E ∼41x - not cheap for insurance penny. The value is not earnings yet, it's capital adequacy and book value post-rights.
- *Risk:* If Q3 2026 shows Q2 loss continued (Q1 N2.36bn to H1 N384m implies Q2 was -N1.9bn), then profitability reversal fails.

*What to do:*

- *If you don't own:* Don't chase the Oct 6 volume spike. Wait for 3 consecutive daily closes above N1.85 on <5m volume - that signals absorption done. Buying at N1.72-1.77 is picking a falling knife with tight stop.
- *If you hold from the above N2.00 rights:* You are the supply. You either average down only after absorption confirmation, or hold for 12-month re-rating - selling at N1.79 locks in dilution loss that may recover if they post N1.5bn+ PAT for FY2026.

Multi-trex Plc has:

Return on Equity: -6.49%
Price to Earnings Ratio: -3.60x
Debt to Equity Ratio: 0.24x
Current Ratio: 0.70x
Net Profit Margin: -17.04%
Dividend Yield: 0.00%

We are pleased to inform you of the Rights Issue by NASD Plc (“NASD” or the “Company”) of 480,000,000 Ordinary Shares of ₦1.00 each at ₦25.00 per share, on the basis of Four (4) new Ordinary Shares for every Five (5) Ordinary Shares held as at 11th August 2026. The Offer opened on Wednesday, 30th September 2026 and is scheduled to close on Friday, 6th November 2026.

The Rights Issue is intended to provide funding for the Company’s working capital, cloud trading systems and support, and portfolio investments in lieu of future market development activities.

Total Energies Plc has:

Return on Equity: 9.43%
Price to Earnings Ratio: 35.56x
Debt to Equity Ratio: 6.68x
Current Ratio: 0.96x
Net Profit Margin: 1.12%
Dividend Yield: 0.00%

Neimeth Plc has:

Return on Equity: 7.32%
Price to Earnings Ratio: 164.61x
Debt to Equity Ratio: 3.89x
Current Ratio: 1.65x
Net Profit Margin: 5.67%
Dividend Yield: 0.00%

Nigeria Breweries Plc has:

Return on Equity: 14.39%
Price to Earnings Ratio: 24.60x
Debt to Equity Ratio: 0.69x
Current Ratio: 0.93x
Net Profit Margin: 11.57%
Dividend Yield: 0.00%

Dangote Sugar Plc has:

Return on Equity: 24.35%
Price to Earnings Ratio: 20.47x
Debt to Equity Ratio: 4.38x
Current Ratio: 0.37x
Net Profit Margin: 10.59%
Dividend Yield: 0.00%

Cadbury Plc has:

Return on Equity: 37.66%
Price to Earnings Ratio: 16.29x
Debt to Equity Ratio: 2.87x
Current Ratio: 0.90x
Net Profit Margin: 9.73%
Dividend Yield: 0.00%

https://prestigeassuranceplc.com/Unclaimed-Dividend

Prestige Assurance Plc did not pay any dividend in 2026.

But on their website, they claim they did.

Check.

3 Companies that have never ever paid any Dividend, and are not likely to do so anytime soon:

1. Austin Laz Plc
2. Daar Communication Plc
3. African Alliance Insurance Plc



Avoid them Completely, unless you are a Short-term Gambler...

13 Companies that did not pay Dividend this Year 2026, but are most likely to return back to Dividend next year 2027:

1. AccessCorp Bank Plc
2. UBA Bank Plc
3. Fidelity Bank Plc
4. FirstHoldco Bank Plc
5. Mansard Insurance Plc
6. Total Plc
7. Cutix Plc
8. JapaulGold Plc
9. Living Trust Mortgage Bank Plc
10. NNFM Plc
11. Sovereign Trust Insurance Plc
12. Sunu Assurances Plc
13. Sterling Bank Plc.

What is the correct name now? Royal Exchange Plc? Or Royal Exchange Assurance Plc?

KarlTom:
MARKET BULLETIN 24 August 2026
NGXREG/IRD/MB90/26/8/24

Prestige Assurance Plc: Listing of 2,369,390,970 Ordinary Shares Arising from Prestige Assurance Plc's Private Placement of 3,076,923,100 Ordinary Shares of 50 Kobo Each at ₦1.95 Per Share.
Trading License Holders are hereby notified that an additional 2,369,390,970 ordinary shares of 50 Kobo each of Prestige Assurance Plc (the Company) were today, Monday, 24 August 2026, listed on the Daily Official List of Nigerian Exchange Limited (NGX). The additional shares listed on NGX arose from the Company's Private Placement of 3,076,923,100 ordinary shares of 50 Kobo each at ₦1.95 per share.
With the listing of the additional shares, the total issued and fully paid-up shares of Prestige Assurance Plc have now increased from 13,252,561,888 to 15,621,952,858 ordinary shares of 50 Kobo each.

This is for your information please.

Godstime Iwenekhai
Head, Issuer Regulation Department

Did Prestige Assurance Plc pay any dividend in this year 2026?

ACAN:
NGX DAILY MARKET BRIEF | Sept 14, 2026

​The NGX All-Share Index commences its recovery phase!

Here is your quick daily breakdown:

​Market Highlights
• ASI: Gained +0.1% to close at 243,299.23 pts.
• Trend: Rebound in bullish momentum following an intradermal pullback as liquidity improves.

​Sector Performers

• Banking (+0.68%): Fidelity (+5.26%) and FBNH (+3.68%) lead gainers, while Wema Bank drops (-4.28%).

• Consumer Goods (+0.57%): Realex surges +10.0% and Nestle climbs +3.57%.

• Oil & Gas (-0.50%): Dips slightly due to profit-taking.

• Insurance (-0.53%): Holding at critical support; Prestige Assurance gains +7.19%.

Market Outlook
Expect consolidation this week, with prime entry opportunities in Banking & Consumer Goods!

​Watch the full technical analysis on YouTube:
https://www.youtube.com/watch?v=yowH_Dn-VM8

Did Prestige Assurance Plc pay any dividend in this year 2026?