₦airaland Forum

Some buyers pushed Veritas’s price down last week probably to shake things up and take a position. Now, come Monday morning, they’ve flipped it into a near full-on bid.

It appears the same game is being played with WAPIC.

faoogoke:
RI listed this morning. Hum.. 44 characters reach?

any idea what the qualification date is?

As predicted by Loco, the insurance bull continues

Locotrader:
A beautiful new week my people.

You will find this interesting if you are in Japaul.

When you see analysis like this,know it's high time to dive in for a good ride.

Loco must help to build Nsempa Economy the way it will benefit all.

https://x.com/i/grok/share/pKzkchIARo1pp9exnl4FffUa9

I dont know how well poised Japaul is to exploit the international market, but Gold futures is at an all-time high - thanks to DJT

Property insurance to be made compulsory for property under construction and all public properties.

Tinubu pulling the right strings this year.

https://nairametrics.com/2025/08/08/8-insurance-provisions-in-nigerias-new-act-every-landlord-developer-and-property-investor-should-know/

Streetinvestor2:
Not my style. When I get down of a bus based on fundamentals. I don't look back.If in future the Fundamentals change for good that is when I consider the stock again.
The results has been in decline for full yr 2024 and quarters of 2025..I have been waiting to get down at #1.50 which It once touched so seeing #2.00 was God blessings. I no be Oliver twist

After reviewing some of the so-called "weak" insurance companies, such as Veritas Kapital, I noticed a trend: while financial performance (particularly return on assets) may be poor, many of these firms are not highly leveraged.

In my view, leverage not poor ROA alone is the key determinant of whether an insurance company is likely to exit the market during this recapitalisation phase. High leverage limits the ability to raise fresh capital and makes such firms unattractive for acquisition. These are the true high-risk candidates.

By contrast, underperforming companies with large asset bases and modest leverage could be prime targets for acquisition or merger, especially by firms looking to scale operations quickly. Why? Because:

Acquiring such a company offers instant access to a client base and market presence.

It may be preferable to raising capital from scratch, particularly when speed matters.

A stronger balance sheet can be retooled, but client lists and licenses are harder to replicate.

Raising capital is relatively straightforward, especially for well-run companies. What’s harder is growing a scalable client base without diluting return on assets.

Happy to know why you think otherwise.

Streetinvestor2:
Walahi the thing dey pain the guy reach heart..lol
619% appreciation

The bus is still moving - now @2.09. You can still join it.

VERITASKAP trading at above 2.01. Sorry to the bloke who dropped off at that bus stop.

Linkassure back on full bid!!

Guinea back on full bid!

We continue riding the wave today

AIICO back on full bid!!

Royalex heading to full bid.

It appears SUNUASSUR is fighting its way back into green

SohSoh:
How does a business like Ellah Lakes make money .... from it agricultural produce.....

Let us see the produce

Picture attached a Bottle of Okumo oil. I have never seen Ellah Lakes Produce/Product in the market

Ellah is clearly a business that seeks to sell itself as a business ubdergoing rapid positive transformation.

Interesting it grew revenue from less than N1m in 2024 to N60m YTD.

Also, it has biological assets worth N585million but also has a salary payable of N525million which I guess is likely intended to be primarily share-based compensation to senior exec...but still seems quite steep or probably premature given the revenue and biological asset value as at YTD.

It makes me question how diverse and independent the board is.

Also, the large portion of the asset value (over 80%) is down to N22billion of land (approx N15billion of this value was recognised in 2024 by a fair value adjustment - a 200% increase in land value). This would make me feel very uncomfortable if I were a long term investor.

This adjustments were signed off by a small audit firm also.

While it may have met ICAN criteria to audit and signed off the account, I would personally be uncomfortable relying on a 15billion naira revaluation gain being signed off by a small accounting firm....

2zona:
Insurance stocks seem to have received another email ooo, full bids are getting stronger. Those previously on offer are drying out. D

Is anyone here cc'ed in this email or has some expo on it to share?

Some of us are riding the insurance wave without a life jacket and would appreciate the advance advisory.

Agbalowomeri:
Lol after 3 months continues bull, what else do you expect? Bull must drink water na otherwise e go collapse

Had I fully heeded the prophets, I'd have gone all in on the insurance wave—head first and no life jacket.

Thank God for the one leg I dipped in insurance, it is keeping my portfolio green.

What is with the bloodbath in NGXGroup? From about 15% up 2 weeks back, I am 15% down now.

Also, all banking stocks in my portfolio are down?

Quick question, please. If a stock stays on full bid without any trade for the whole day, does the price move?

One of the key risks to the ongoing stock market rally is the exchange rate, which has recently shown signs of weakness.

Unfortunately, there is not much transparency around the forces influencing Nigeria’s exchange rate, leaving much of the conversation driven by speculation rather than hard data.

The CBN loosening a lot of capital controls lately has been a confidence boost to inward investment but more needs to be done in making the data transparent.

In a world where DJT has spook a lot of investors from the more established developed markets and oil continues to hold steady at above $70 a barrel. Markets like Nigeria can continue to big winners.

The market can continue to boom till 2026 especially Nigeria seems to be tilting to a one party state & next election may be a formality. Bad for democracy, good for foreign investors.

purity2all:
E don follow join the full bid train ,sha 😏

I shock chief...anything insurance, people are packing it..technical or non-technically good.

Fred2020:
I will rather get into ones with positive upsides. I expect that is what int'l investors would also be checking.

BTW, @chief Loco VERITASKAP has broken ranks

As suspected, insurance firms with large positive upsides are going into full bid

toyeoye:
That's when to get it no?

I will rather get into ones with positive upsides. I expect that is what int'l investors would also be checking.

BTW, @chief Loco VERITASKAP has broken ranks

purity2all:
IEI

The technical sentiments are flagged as poor

faoogoke:
This should be the news driving the insurance sector.

Some insurance stocks are however unmoved

which ones?

Locotrader:
Insurance stocks wey vex for full bids today plenty oooo.Nobody wan carry last.

Full bids
Aiico
MB
Royalex
Sovereign
Veritas
Conhall
Lasaco

More actions coming tomorrow.

This game is confusing but looking sweet.
Royalex na the game changer

This is a high-risk game. Not worth it for us newbies. I'll stick with the "normal stocks"

Locotrader:
Mutual Benefit full bid
Royalex full bid.

MB can't do full bid without Royalex doing her own.

If MB will do 5.60
Royalex will do 7

Make we dey watch

chief, I think Royalex is suffering manipulation due to its low market valuation, which has made it vulnerable to market manipulation or volatility.

It almost turned full offer on Friday and now it is full bid on Monday....what a game

The game with Royalex continues after it turning negtive last week Friday

Raalsalghul:
At this point, I agree with Goodenoch that this Kemi has a mental problem.

She never passes up on any opportunity to wind us up.

omo ale lo n fowo osi juwe Ile baba re {it is the bastard child to points to her home using her left hand.

Her parents have failed her honestly.

We cannot change where we come from and must never despise it. We must only strive to become the best.

Her parents may have taught her the later but they failed to teach her the former.

She is on cause to be a very inconsequential leader of the party. No matter how much she digs dip into culture wars and disparaging her ancestry, it would not win her votes with the voting base she is chasing.

My shame is that Nigeria is blessed with some of the best and most talented population in Africa, thanks to its large & young population size.

It is a shame that in the one that rose to the pinnacle of british politics is not the brightest one in the pack.

ednut1:
In the video he admitted to being a British citizen and that all his children are abroad. He is being disingenuous hahahah

He is talking from his side of the table.

He is an old man who has over the years leveraged on the life abroad to meet his basic needs. Now he is looking for a place he can easily socialised and be self actualised.

Unfortunately for the old man, he doesnt realise what drives the younger generation (including his children) is different

budaatum:
Looks like Devakumar is a builder, and not a manager. Different skills set.

Sad though, that Dangote could not find a Nigerian.

Yes, Devakumar is an engineer with limited experience in the petroleum refining business.

Viruses:
Your options are limited. You leave the account blocked you may not get the money, unblock it and you will not get the money. So leaving it blocked increases your chances of getting the money because he is loosing too.

He is a trades person and can make money to pay you by receiving payments from other clients using another account.

Yes, I see the risk, but I am bit concerned the longer the issue drags on the higher the chance he gets the bank to unblock his account through other means.

Goodenoch:
Ask him to pay you from elsewhere and get his money back once his account is unblocked.

Under no circumstances should you ask the bank to unblock it because once you do you will not have any further recourse. He, on the other hand, has 100% confidence of getting his money once he pays you.

One thing though - can he not give a written instruction to the bank to pay you first and then you withdraw the complaint and his account will be unblocked?

I havent considered this yet. I will see how feasible it in in being irrevocable, thanks