₦airaland Forum

ositadima1:
All these responses failed to prove to me that it was the government that eliminated fuel scarcity as we know it today, and not Dangote. You all always try to avoid the main point when it is not convenient for your argument.

If Dangote had not started his refinery and fought for it until it stood as it is today, fuel scarcity would have continued. I still haven’t seen what the government has done differently in that regard.

It was Dangote who conceived and built the refinery, not the government, not Tinubu. Simply take the obvious correction and move on.

ositadima1:
But are you counting Dangote’s achievement as this government’s achievement? Fuel stability is because we now have a refinery, which the government tried to squash and failed. It’s the same way some people attribute GSM to Obasanjo, when GSM was new and already making its way into almost every country at the time.

Were you not here when several government agencies were tackling the Dangote refinery? The fight with NNPC, the fake claims that government refineries had reopened, the fake claims about low-quality petrol, and then you come here attributing fuel availability to this government.

I think you all deserve whatever you get, good or bad.

chimex38:
People are buying:
Z enith
I kejaHotel
C ustodian
H onyflour
I MG
S tanbic

.in summary, people bought ZICHIS today....
Oops!!

mikeapollo:
And the incidence of poverty has increased many folds! That is success to you?. The elitist definition of success?.
While more several millions of citizens have been pushed into harsher poverty, you console yourself with things like stock market activity, forgetting that only a minority few locals and some foreign investors play in the market.

HesInMe:
Abeg stop using style to turn your missives into politics. Our portfolios might be doing well, but we -- "We few, we happy few, we band of brothers" -- need to always remember that the stock market is not the economy.

Your anecdote objectively does not translate to the population. Not even 5% of Nigerians invest in stocks. Conversely, more than 60% live below the poverty line, per World Bank stats -- a number that is surging upward in recent years because of high inflation and slower economic growth than necessary. Awareness of investment possibilities is certainly an issue, but poor Nigerian households spend 70% of their income on food alone. Investing is a luxury among the hungry.

So celebrate your success, sure, but stop pretending that most Nigerians have real access to the opportunity you enjoy -- if only they'd show some discipline (SMH). Or that our impressively corrupt governments aren't to blame.

Rant over. What are you uppity people buying?

mikeapollo:
You cannot be absolute!
There are options and alternatives to every macroeconomic policy or decision, so it is wrong to say ''no serious person debates this''. This is the false narrative that the govt is showing down the throat of the people and I don't buy it.
Even where a policy may be desirable, the timing, the implementation, and remedial actions to ameliorate the adverse effects are very important. Bad timing and poor implementation destroys policies, especially when such policies are carried out with wide consultations.

Streetinvestor2:
And all this time you whr pretending not to be this government/apc person on this thread. You see why I don't pretend. I always make my stand/position straight.I hate this government for everything it stands for.They have failed in every thing. They have no reason beyond 2027 if Nigeria don't want to die in millions as they are already dying in hundreds/thousands

megawealth01:
Na why I no answer again. If. I talk about the insensitive policies of this government some persons will think I'm beefing jagaban

I honestly don't have issues with jagaban as a person but his policies are anti masses

GeneralDae:
If your external reserves are low and you have a backlog of $7 Billion at a point where external creditors have started rejecting your letters of credit because they are not sure of how much reserves the CBN have, where do you start from?

GeneralDae:
“In less than 4 years, average FX inflow (dotted lines) during BAT’s presidency has essentially caught up with the GMB 8 year average. Both GMB & BAT are still far behind the average of GEJ.”

mikeapollo:
Yeah.
Aradel's value alone tells me Oando can easily clock N500 if they resolve the debt burden and increase production to 100,000boepd

emmanuelewumi:
Loaded additional 72,000 units of Lafarge Africa yesterday. Planning to hold for a minimum of 5 years, by God's grace.

Agbalowomeri:
Please interpret

ositadima1:
You want to genuinely learn, yet you’re still low-key criticizing, and I knew that was coming. What do “blunt tools” mean to you? I also mentioned a whole lot of approaches that you chose to ignore before reaching your conclusion.

Be sincere, if you can.

ositadima1:
And your tools are sharp, lol. Dey play. For every money you made fundamentally, there are people on this thread who have matched it, and even made more through trading. Do you doubt that fact?

So why don’t you stick to your own approach and let others play their own game? Why must you all criticize a different approach?

ositadima1:
Very good question, but I know I have answered this question before.

There are so many ways nah: position sizing, adjusting your position in proportion to your bankroll as well as your maximum expected loss. You can use RSI to know when a trend has entered overbought territory, then start reducing your position from there.

You can also have a target exit and respect it. You can track the order book flow for imbalance by monitoring bid and ask-side quantities. If you see a lot of sell intent, you can bale or start reducing your position. So many ways.

You can argue about the time involved and the difficulty, but even you fundamentalists invest a lot of effort in determining fair value and tracking it to know when your stock exceeds fair value.

I will not answer this question for you again; it is free on Google.

ositadima1:
...You can simply tell your fellow fundamentalists, “This stock is not fundamentally sound ooo,” but that does not mean people cannot make money from it if they manage risk properly.

I’m sure many people are here to make money, maybe not you, but a lot of people are. Respect their hustle.

Stockpromoter:
Not possible.
It's a recap stock to watch.

VFD is set to rally(A short term play)
Japaul coming up with a super turnaround news.

Hold Royalex and play the other two for short term profit.

ositadima1:
Not really. Market cap is used to calculate the ASI index, and some people see it as the actual value of the business. My point is that it is not, and the ASI itself may be bloated by manipulated market caps.

While the price of a stock is what I can buy (or sell) it for right now based on available liquidity, market cap cannot be bought or sold immediately without liquidity taking a large portion of it away. It is theoretical, but the share price is real, as in, right now.

ositadima1:
I don’t know. Do you check market cap, or do you first try to calculate fair value and then use it to enter a stock? Tell us your FA wisdom.

ositadima1:
I don’t think so. The market is pricing individual stocks, not market cap directly. When you buy DANGCEM at 1115, you are not thinking about a one-trillion-naira market cap; you are thinking about the current stock price in comparison to your own internal fair value.

I think market cap is mostly used for sensational headlines. Or do you first check market cap before valuing the business?

handsomebolanle:
The Bubble go definitely calm. Breeze will blow. Then we will start hearing how some people that’s talking how the accumulated now tell us how they bailed out.
I’ve learnt to be wise as serpent in this Market

nosa2:
How do you determine what is low and what is high?

nosa2:
Very true.

Another thing to add is that smart money on both sides starts picking up volume if the price and fundamentals start to mismatch. This is where fundamentals is superior to technical.

Technicals read the emotions of market participants, fundamentals drives decisions of smart money

ositadima1:
I want to introduce you to the world of technical analysis. Maybe you will end up liking it more than ofe akwu and rice with assorted meat.

ACCESSCORP did over 2.4 billion naira in trades. That means some people wanted it so badly that they collectively spent over 2.4 billion naira buying it (buy side), while some other people did not want it for various reasons such as profit-taking, rotating into another stock, dumping, impatience, selling at a loss, converting inheritance to cash, buying land, paying for a burial, funding a wedding, paying debt, and many other reasons you can think of (sell side).

What is interesting is that these two sides are independent of each other, and nobody was forced to buy, although some sellers may have had their hands forced for one reason or another.

Now, assuming these buyers came in today wanting to buy, but there were very few sellers, what do you think would happen to the price? Yes, they would start buying at higher prices. It is also true that many people would refuse to buy if they do not have a strong reason, but the buyers who are willing to buy will still push the price higher because the few sellers available will immediately sense the imbalance.

So my point is that a stock does not move because of news or fundamentals alone. Sometimes imbalance alone can move it. The funny thing is that most people do not even care what is moving it. What they want to see is motion, and once they see motion, they start buying until the sell side comes back with heavy supply.

The end.

okenze007:
Good evening all.
Pls I have some shares I bought around 2008 to 2013
Among them are
zenith Bank
Access bank
May and baker
Japaul oil
Eco bank transnational
I just stumbled on them within the after I heard about zenith Bank dividends.
I have about 2343 shares on zenith but for the last 10 years I have not received dividend.
Pls how do I go about receiving my dividends
Thanks

Streetinvestor2:
down abi up for old school like u
My BE for uba has been 12.94 for long time
That was why I rejected the RI

PETERiCHY:
Walai Mr MARKET will humble you,

Meanwhile ACCESS & UBA Shareholders right now

Streetinvestor2:
Access #20 is possible if they don't pay interim dividend from H1 results. That one will naill them oh.My hand is washed off on past prediction

deathwing:
Just saw UBA is still cratering.

Mankind2024:
Thank you for reading and for your honest response.
I never claimed the stock market is the economy, nor did I suggest that everyone can simply “discipline” their way out of poverty. I know the reality, high food inflation, widespread poverty, worsening insecurity, limited participation in the capital market, etc. Those are facts.

My post was simply sharing a personal testimony: how discipline, patience, and time turned my own savings into meaningful dividend income. It is possible for those who can participate, even if it’s only a small percentage of Nigerians right now. Celebrating that doesn’t mean I’m blind to the struggles of the majority.

You’re right that bad governance and weak institutions have contributed heavily to where we are. No serious person disputes that.
But waiting for perfect government before we take personal responsibility is also a trap. Many of the ordinary people building wealth quietly today started with very little, some during even worse economic periods.

My message has always been to those who can participate, start small, stay consistent, avoid greed and noise. Every person who builds financial independence reduces the burden on society, not increases it.

I’m not “uppity”, I’m just a grateful investor who chooses to focus on what I can control. Right now, I’m redeploying the dividends into quality names I already own (more Zenith, MTNN, and a few others I believe in long term). No hype, just steady compounding.
Wishing you good returns as well.

lionshare:
This assumes that the fundamentals of the companies paying the dividends are either largely false or that they are operating in an alternate universe.