₦airaland Forum

Morgan Capital obviously made an error in the reconcilation of my figures from trading activities yesterday and I have been firing them messages since then with no response.
Abeg, is there anyone here who has their ears? Maybe a number to call or something.

yMcy56:
If Aradel could be trading at Circa 10k....then we'll still be patient with OANDO.....

There are bids on ground and even increasing, once profit takers are done, we'll be able to see road again....
Crossing N100 is the next task now....

Just bought a little more sef

We plaster here

mikeapollo:
Where and when was the so-called ''consensus'' held virtually with ''everyone'', and with whom?. I did not give any consent to any useless subsidy removal and floating of the Naira.
Only a foolish president would just wake up and direct its central bank to float its currency overnight, without any stakeholder consultation or engagement. It boils down to the empty arrogance of the Tinubu govt who thinks he is super clever,
Why? Is Tinubu more intelligent than previous presidents/govts. that refused to float the naira or what does he think he is?.
Disaster is what happens to any country, African for that matter, that decides to float its currency in an import-dependent economy.
You first said, ''subsidy is gone''. then you went back to devalue your currency when you know that we import fuel into the country for virtually everyday use. Common sense should tell you that the best thing is to manage the exchange rate and never to allow the artificial, invisible hand of 'free market'' to dictate your exchange because that is recipe for disaster for an import dependent country

Well, by "consensus", I mean statistical majority.
Bare one or two fringe candidates in the last general elections, the three major contenders all agreed on these two policies and we queued behind them and applauded them each time they reiterated these things without querying them on the potential fall outs of their implementatioin.

Agbalowomeri:
It was a poor judgement to fight subsidy and naira floating at the same time. One depends on the other.

This is the crux of the issues we are facing today. As Nigerians, I think we are just too emotional to critically analyze our problems and come up with the most cost effective solutions.

Before the elections, there was a consensus across the nation - politicians, economists and virtually everyone loudly agreeing that subsidy must be removed and the exchange rate dichotomy be abolished. We were all too emotional and short in thinking to consider what the combined effects of these would be on the pockets of the avaerage Nigherian.

We are a nation dominated by low income earners. How we thought subsidy to be evil and agreeing for politicians to do away with it needs to be studied. They told us subsidy removal would cub petrol smuggling. What is petrol smuggling if not a failure of the state to man its borders and protect its economy? As citizens, we allowed politicians to blame us for their failiure thereby passing the consequences of this failure on us.

Nigeria is in a very serious state at the moment and there seems to be no respite in sight. Anyway, thanks to OANDO for this past few weeks. long may it continue

megawealth01:
So subsidy isn't gone after all?

Can Nigerians really pay #1200+ for PMS per litre?

Naira devaluation made the "subsidy gone" statement a mere wish.

Princkez:
still have MRS bought at #18...OANDO $1k nothing less

Bro, na 1k you write oo 😂😂

mikeapollo:
Oando has now become what the Yoruba call ''Igbo Odaju'' i.e. a dangerous forest for only the mean and strong-willed heart.
Do not enter if you cannot stand the horror!

My average is #23. I am not selling anytime soon.
We are in this come rain come shine

Hezzy4pf:
So funny! I don't think this work because there's more L than W
https://www.fiverr.com/s/qDdyLAZ

What stock do you talk about?

yMcy56:
Request for a "Direct Cash Settlement Form" from Morgan so that CSCS can opt you out of Direct Cash Settlement into your bank account.

We've talked much on this at different times here.

Fill the Form and click "NO" in the column where you're asked if you want Direct Settlement into your bank account.

Get more guidance on it from Morgan staff.

Oh! Never knew. I'm relatively new in this.
Thanks.

KarlTom:
If the funds in 'Executions' are not reflecting in 'Available Balance under Accounts' you cannot use it to place a Buy Order

I do not know why it is not reflecting though...

I don't know too o
Thanks.

Someone, please.
How do I move funds from "Executions" to "Accounts" on Morgan itrade?

I have money from sales but I am not able to use it for buy order placement.

emmasoft:
Once it's confirmed from your target broker that they have submitted all necessary documents, all that remains is in the hands of cscs, No broker determines that.

If it's from an existing/functional firm to another operating firm, it will also depend on the firm you are moving from ie how quickly and willing they are to process your request.

In all, nothing less than 4 weeks from the date your new firm submitted the required documents all things being equal.

😒😒😒
I’m in it at the moment. It can be really frustrating to be transferring from an unyielding house.

brotherly:
Chairman , All these shalaye was not because you sold , but for calling those who have not sold sheep who do zero DD.

Secondly I was beginning to think it is your hatred for Bulaba that was affecting your analysis . Me sef no like bulaba , but if I see road to make money I get to jump inside .

I dont think Lagos-calabar road should be priority for govt now , but I sure know it will boost property value around Epe and Ibeju lekki so I take position.

Anyway, you are welcome back to the bus ....whenever you decide to sell , please do it quietly.

He doesn't even need to do it quietly. This is a public forum, he can decide to state his Oando sell status. that's no problem.
But, regarding those who don't sell or buy a stock when you do your thing as unintelligent or some mumu is simply pride.

He is going to ask you to post your portfolio next. Alkways competing against himself - CHILDISH PRIDE.

MARKETJJC:
Senior! Point of correction, it is no longer 19mil but 30mil and still counting ..

I will put 19mil you asked for if you will put you trade history on Oando here at least one year. I am game on this one, please appoint arbiters

You are doing well, champ!

Ignore that person.

MARKETJJC:
people that talk bad about us will turn around to sing praises.

Anyways welcome back, so you can now see that truly wisdom and foresight do not reside with the elders only.

So gambled in Oando as you call it and yet came out to bad mouth in bad faith it so that it
will fall and you were casting and binding Oando while also inside Oando? Hypocrisy.


Anyways, your move at damage control is acknowledged sir

You get?

Call people mumu, sheep etc because they decided to spend their money the way they like.

Criticize anything, any stock as you like, but stop projecting yourself as the wisest of all and anyone who deosn't buy your opinion as dumbass. IT IS CALLED PRIDE.

MARKETJJC:
Senior man . Abeg dey remember your boi oooo. They also give me hint when you sight gold

Put me in your loop, please

yMcy56:
If you dont mind picking some CWG.......
One director or so is busy offloading at the moment.......offloading which is highly likely connected to plans to meet the free float requirements of NGX......though they got the extension to meet up with the requirements by2026.

- Last quarter result came out great....
- Dividend payout and PAT increasing Y-O-Y.....
- In ICT sector .......

** Do your DD
I no Sabi book nor Sabi interprete result o.

** Also MTNN if you can get around the IPO price or below........that's if it gets there before reversing when ready to move.

Please, what was the IPO price for MTN?

KarlTom:
TRUE. Based on available information.

The AFS (which will clear some doubts) will add more fuel to the engine...

What is AFS?

megawealth01:
Bidders for Warri, Kaduna refineries must be debt-free – NNPC

https://punchng.com/bidders-for-warri-kaduna-refineries-must-be-debt-free-nnpc/amp

NNPC is not yet ready.
Which company capable of acquiring the refinery is debt-free?

Maybe I shoulkd just bid then; I am not owing anyone.

faoogoke:
This Oando projections! Make una dey careful.

People don't recognize that all the acquisitions are done with money Oando borrowed.

One can only hope Oando is able to pay back.

What business of that magnitude do people do from their pocket?

ositadima1:
There's no need for emotional outbursts. I'm just contributing my own opinion, since Oando covers more than 70% of every page here.

Unless you don't want me to comment again.

But the engagements have been civil and I can’t see anyone coming after you. Or you just want to drop points and expect no one to respond?

Coolcash1:
Even without any fundamentals driving the momentum , the technical set up is bae!

They do this a lot here. They tried it with VFD stocks earlier this week but failed.

yMcy56:
That was how some guys made many to sell off @39+ and to re-enter the bus became difficult until today when it touches 73+....
Why not just keep following the market and news, instead of all these assumptions.......
Can you tell us the reason for this post? TA, FA or SA?


* Meanwhile, over N5.6bn has been staked on +76M units transactions so far........
Lowest it has gone as at now is 73.50.......still ranging btw 73.50 and 74........so far...

Good if we have people who are willing to sell. I bought more units today, will buy more if it ever goes below today's range.

Everything happening around Oando at the moment is all down to market forces of demand and supply and so any short term projection is mostly speculative. I do not have the clout to influence anything.
The real direction of the stock will be clear when we info from the expected financial report.

yMcy56:
OANDO
As at now in market, any offer that comes up @74 is being picked immediately......
Are some other Asset Managers or other entities buying?
Make we dey observe sha.
- Over N4.8bn staked on it so far......with over 66M units in transactions......

** Looking more like crossing to themselves at that price....

** Those getting bored with O&O discussions, make Una no vex.......it's because that's the trending stock in market for now......you can be skipping some posts**

I believe the profit taking will continue early next week and we may see it at 60+ before it rallies again.

designking:
The more education I get about this Oando deals the more I see why the Nigerian politicians, Billionaires and elites are buying every loose shares in Oando. They are shutting out the poor and consolidating their positions.

The best option is to sit tight and observe how things go instead of quickly taking profits.

You are all over the place!
You need to calm down and learn the basics of stock trading/investment.
At the rate you’re going, I pray you don’t get burnt or scammed.

designking:
Oando is a great long term stock. No matter what the sentiment or fundamentals say, Oando fair price is around ₦150 - ₦200. That is the price it will settle.

The stock has no business staying below ₦100.

You really need to make up your mind and maintain a position.

Are you not selling all your Oando stocks tomorrow again?

designking:
My friend claimed he bought Oando shares today at ₦16 and he even sent me this screenshot.

Do we have 2 different Oando stocks trading on the NGX

Fake News!

Zegra:
C & I LEASING PLC.

I think this stock has all the muscles to resist the pressure from profit takers and continue to rise in coming days.

vacanci:
How do you know what the mad man thinks about the sane man?

Maybe because there is a bit of madness in everyone.

MARKETJJC:
If you are investor, enter now but if you are trader like us with little capital, don't enter now. I don't think the mm or whichever name want to move that stock. Supply is always there to water down any force that wants to move it up. But if I wan do 10% in it, try it but at 0.60. many supply go come out

Hello,
You may want to cover/blur your details (account number) in the screenshot you posted above.

Streetinvestor2:
Like I said C and I leasing is a good company. That does not mean you should not know the value to place on the stock price for now.Dont go and fall mugu to traders and come back here and start crying. Just know that some want to push it to a particular percentage high so that they can dump and leave you with your kaya.It does not mean the stock is a bad stock. Go in with good margin of safety

Always try and filter the noise..lol

It appears this is what they are trying to do with the VFD. There is no indicator whatsoever to suggest any euphoria.

LinkAssure liklely to enter full bid today!