Capitas7:
As the increasing rates on fixed income vehicles continue to pose a threat to the stock market, it occured to me that FGN bonds, T- bills, MMF are not a reasonable option to Nigerians whose primary transactions are in foreign currencies, and so their funds will either remain idle or in the market. This is not a dollar-naira e-argument. The massive brain drain in the last one or two decades has seen many Nigerians earning and spending in hard currencies. Yesterday's "leaders of tomorrow" - the present day youth - continue to japa, and the ones remaining continue to assess their financial worths in those currencies too. As long as quality education now requires gadgets, reagents for experiments, subscription to foreign learning contents, life will continue to become more expensive for the youth and children of today. What will be the cost of education, simple family-sized sedan, accommodation, etc. in three years time? Initiation of Nigerian youth in foreign lands into NGX should be on the rise, but the discouraging factors get stronger by the day.

If you are very comfortable and not bothered about the decaying state of Nigerian economy, please think about your children who are in the japa generation; think about what the value of the financial wealth you've amassed will be when they're in need of it. If you think your children would need to work hard to build their fortune from scratch, please remember the saying: there's no need to reinvent the wheel - don't set your lineage back on the path of wealth creation just because of old, rigid philosophies.

Someone once shared a post here saying many years of investing and hardwork were being eroded by instability of the currency value, and they were attacked for it. A true, sad and objective view not well-received. In the current state of things, 18% annual ROI sounds good only on paper, even if we disregard the tendency of defaulting in the near future.

Please pray for Nigeria today, everyday!

To succeed in Nigeria, focus on your goals, pursue it with unmatchable self determination.
There can't be mass prosperity in Nigeria, rather individual and self prosperity.
As people are crying of Ebu n pawa, many are increasing their networth.
If you are not comfortable with NGX and the slumping Naira, exploit the virtual reality of global one World investment opportunity.
You can live in Nigeria and invest comfortably in NYSE, LSE and others.
There would always be the poor in the Land.
To reform a nation for economic prosperity, comes with lot of deep pain.
The root cause of the current hardship and problem is the cumulative years of poor corporate and public governance.
To safe the future ,the current measures are necessary.
Nothing like policy somersault, the government know where they are going, the reward is approaching..
Let us patronise made in Nigeria.
Invest in Nigeria.
Government should stop funding pilgrimages.
Enough of prayer for Nigeria. The 2 most prayerful nations on 🌎 earth are ironically the 2 poorest nations and World headquarters of poverty. (Nigeria and Afghanistan)
The money sunk in Building churches and mosques in Nigeria is enough to industrialised the whole of Africa.
China and India majority worship idols, still they are prospering yearly.
Life is all about reality.
The Hausa-Fulani elites dollarised and weaponised the dollar, causing artificial scarcity, fueled by forces of demand and supply.
They started Boko Haram which is costing Nigeria billions of borrowed funds.
The problem in the East is an additional burden on the dead horse 🐎 nation handed to EMILOKAN.
The 8 years of borrowing and printing of NGN23T was what got us into the current predicament.
NGX shall rise and birth many multi millionaires among NSEMPA members. This platform is a gateway of financial freedom for self investors.
Motivation, encouragement, support and debating on current investment news is never lacking.
Our market is still good for both investors and traders.
NGX here we come.

AJSfan:
Make we no lie, we were just lucky ni, SA team played better it just wasn't their day. I hope we do better at the finals.

Life is all about luck.
Nigeria performed better.
The lost team congratulates Nigeria 🇳🇬. Their coach also admitted that we were better.
Imagine the VAR and the award of dubious penalty?
Anyway ,we thank God for our progress.
Noone give them a chance at the start of the tournament.

shortgun:

Exactly what I was telling someone today, Nigerians have been push to the wall with the worsening insecurity, poverty and they might respond assertively or aggressively to defend themselves and their interests to survive.
Tinubu will mostly likely be chased out of Aso villa not by a military junta but by an angry hungry massive mob.

You are deceiving yourselves.
Tinubu was not the cause of the Calamity that is befallen Nigeria.
The same Northerners are the main problem.
Buhari printed Naira in Trillions for 8 years without being productive through way and mean. Same was looted and converted to dollars by the Northern Hausa-Fulani elites.
They underdeveloped the North and started political Boko Haram.
The Igbo secessionists sprung up, same is costing Nigeria billions of dollars.
No quick fix solution to the fundamental problem of Nigeria.
People should stop dashing the forex reserve of Nigeria to Saudi Arabia and Jerusalem in the name of religious pilgrimage.
The Hausa-Fulani and ibos should stop banditry, kidnapping and menace of unknown gunmen, costing Nigeria a fortune.
All must support Tinubu in the ongoing reform.

shortgun:

https://www.youtube.com/watch?v=mYVwMlQkXSg?si=Vf_fRU4JwsnHzGkb

1.The man in the video, a Northern Muslim, cautioned his fellow Northerners against protesting the failures of the Tinubu-led government and the widespread hardships across the nation. He said Northerners brought this suffering upon themselves by supporting Calamity instead of Voting Peter Obi

2.He said Northerners are responsible for Tinubu's presidency by casting over 5 million votes and suppressed Peter obi's votes, whereas Southerners, recognizing Tinubu's potential to bring about pain and suffering, gave Tinubu less votes and opted for Peter Obi.

3.According to the man, Northerners received warnings not to support Tinubu, who he labeled as "Calamity," but to embrace progress by voting for Peter Obi. Despite the warning, they chose to follow the advice of their religious leaders.

4.He said the real suffering is yet to come as a bag of maize will soon be sold for 100k

CC: Yarimo

Absolute truth be told, Nigerians have the shortest memory in the World.
How come this man forgot the N23T printed and looted by Buhari and his cabinet?
The gangs of Lagos were not responsible for the current economic Calamity caused by years of corruption.
Tinubu is ruling a dead 🐎 🐴 horse nation.
I repeat, Obi or Atiku would have been worse than the incumbent.
Billions of dollars 💸 💵 💲 on prosecuting insurgents iand banditry in the North, secessionists in the East
Despite the obvious years of the caterpillars and canckerworms, people thought there would be no hunger in the Land that is being reformed.
Tell the Northerners the obvious truth "THEY ARE 95% RESPONSIBLE FOR THE CURRENT HUNGER IN THE LAND "
Tinubu is trying his best, Nigeria has been warned of the present situation more than 15 years ago, when the government was told on the need for economics diversification "
No single president hearken to the warning.
Today, people are politicising everything.
Wonder shall never end.
The Hausa-Fulani elites that fleeced, looted, and ruined Nigerian economy are the one writing letters and organising politically motivated HUNGER protests across the Country.
There was protest in all the nations that institutes reform.
It is not new.
More letters to come from the people that mopped Nigeria forex and dash same to Saudi Arabia and Jerusalem, all in the name of religious pilgrimage.
Vanity of vanities.
The reality is dawning on everyone.

essentialone:
back to back warning yet Tinubu is playing politics with hunger in the Land.


Prof Yusuf Dankofa wrote this on 5th Feb 2024, 17hrs

Read on :

"But they said they are the whiz kids from lagos

That the magic of lagos was going to be reignited at the federal level

Eight months after,it is ebin kpawa

What really happened

Where are the heroes of lagos

What is on the ground shows that the policy makers from eko do not understand governance

The policy flip flop has created a condition of acute poverty

Just like one commentator said,only those in the corridors of power are smiling

The rest are facing armageddon,a state of calamity and brutality

The politics of the land is toxic as only lagosians are in power, while the other "O" states are lamenting

Cronyism and inner caucus have betrayed the movement

Emilokan movement is so ordinary and bereft of ideas that grand old Buhari that spent eight years junketing is even perceived to be better.

So, Emilokan is about the fulfilment of personal ambition

Even the Imams that were shouting Muslim/Muslim tickets are busy gnashing their teeth

They have now become wiser its a hoax

Now they can't go for pilgrimage because they don't have N5M

Where will they see the dollar

Who dash monkey banana

No politician is even visiting their mosque anymore

Even Mr. Vice President has become a motivational speaker

He is busy admonishing Nigerians to be of good behaviour since leaders who are to turn things around have lost ideas

The ideas that were robustly generated during electioneering campaigns have vaporised into thin air

Now, the singsong by the talakawas is hunger

Our currency is as worthless as a river that ships cannot navigate

You need a bagco cement sack of naira to seek $300

The economic gurus of lagos have been turned into ordinary finance speculators

All those spotless suits and Oxford shoes are just abracadabra

What happened to years of study at Harvard and Yale School of Economics

Social media have been laughing at them

Even Zimbabweans and South Africans are having a good laugh

South Sudan,a country as poor as anything, is poking Nigeria

Pls where is the Save Nigeria Group

Where are Professor Wole Soyinka and Pastor Tunde Bakare that gave Jonathan nightmares

Where are all the lagos musicians

Where are the Kuti brothers

Have they forgotten their fathers lyrics

44 sitting and 99 standing

This is when the talakawa need them most

Have they forgotten their Uncle Dr Beko Ransome Kuti

Where are the offspring of Late Dr Bala Usman in this respect

And where are the Professor Pantamis of this world

That cried and prayed that the Jonathan administration should be changed

And what has changed today

And why are there no prayers to the Almighty that the poor should be rescued

The Lagos politicians have failed the people

They boasted that it is about brains and not brawl

This is the regime of the most educated people in Africa

What a paradox"

Absolute truth be told, Nigerians have the shortest memory in the World.
How come this man forgot the N23T printed and looted by Buhari and his cabinet?
The gangs of Lagos were not responsible for the current economic Calamity caused by years of corruption.
Tinubu is ruling a dead 🐎 🐴 horse nation.
I repeat, Obi or Atiku would have been worse than the incumbent.
Billions of dollars 💸 💵 💲 on prosecuting insurgents iand banditry in the North, secessionists in the East
Despite the obvious years of the caterpillars and canckerworms, people thought there would be no hunger in the Land that is being reformed.
Tell the Northerners the obvious truth "THEY ARE 95% RESPONSIBLE FOR THE CURRENT HUNGER IN THE LAND "
Tinubu is trying his best, Nigeria has been warned of the present situation more than 15 years ago, when the government was told on the need for economics diversification "
No single president hearken to the warning.
Today, people are politicising everything.
Wonder shall never end.
The Hausa-Fulani elites that fleeced, looted, and ruined Nigerian economy are the one writing letters and organising politically motivated HUNGER protests across the Country.
There was protest in all the nations that institutes reform.
It is not new.
More letters to come from the people that mopped Nigeria forex and dash same to Saudi Arabia and Jerusalem, all in the name of religious pilgrimage.
Vanity of vanities.
The reality is dawning on everyone.

Up Super Eagle
Up Nigeria.
Tinubull contn....
All analysis paralysis without celebrating the triumphant eagles may lead to Tension ooooo

Trollronaldo:
See, majority of Nigerians are insane. I don't care if Nigerians suffer, you deserve it because you are experts at election bad leaders.
Yes, I don't have any pity for Nigerians again, everything that is happening and that will happen to you, you brought it upon yourself.

For me, I am getting married to my Portuguese girlfriend and I am going to stay there as a citizen. I don't want to have anything to do with insane Nigerians again.

However, I will be on nairaland to laugh and make jest of y'all when those people you elected start dealing with you. It won't be long, just one year from now, you will reap the fruits of your labour.

Indeed, the leadership of any society is a product of that society. Insane people 😂😂

Y'all deserve to suffer because you are mostly foooolsss who can't reason properly

Sorry about your deep hearted 💔 frustration.
You are part and product of the system.
No place like home.
The racist Portuguese will soon define their anger 4u, then u begin to realise the joy of being a Nigeria.
Leaving ur father's land in anger is a potential loss to the Obi-diots movement.
Askies bra.
Better luck in the land of pork eaters.

The high priest and prophet of OANDO, We all know there is value in OANDO, however, ur optimism is 2nd to none.
Invest cautiously, I meant "invest with extreme caution"
You are dealing with Wale Tinubu, the man who sat on a company FS for 4 years, the man who failed to give the account of his stewardship as the CEO, the god of OANDO.
The man who tot his listed company is bigger than both the NGX and the Johannesburg Exchange.
This is the man you should hit fervently with your prophesy and prayer.
Do you know how many people lost their jobs in SEC on this same issue of Jubril Adewale Tinubu?
Do you know how he used technicality render useless the attempts of SEC to commission a forensic audit of Oando?
Do you even know that Wale sponsored few individuals to request for Oando DELISTMENT
You only saw the golden lining, not what is beneath.
I'm not discouraging you in anyway, the future video and propaganda clips on the vision of Oando is just the dream of Wale Tinubu et al.
They are more than ready both in action and word that Oando should be delisted.
If you are a prayer warrior begin to pray against " PHASE 4 MINORITY SHAREHOLDERS INVESTMENT DESTRUCTION "
Remember, Wale once proposed N7 as exit price, without an AGM approval.
This is the Oando 😈 demon you are banking on.
Good luck high priest and prophet of OANDO.

ProphetUtuocha:
The ground for the postponement of the Oando court case was positive for shareholders. It technically marks the dead-on-arrival of the delisting proposition. Om Oando, we stand!

Streetinvestor2:
Oga ote didn't buy transcorp ,fbn and Dan cement based on TA at the various time he bought. He bought those shares strictly on FA which he equally mentioned, mostly for transcorp plc. Nobody here will equally tell us that TA saw the upward movement in those stock before ote entered.

And oga Emma here who has and continues to record great success does not base his dealings on TA unless I am wrong. He has never mentioned TA.So I am right to say billionaires no get time for TA

I agree with you.
The kind of research the Billionaires commissioned before venturing into a company is second to none.
They poach the best brain in the investment industry. They probably got no time for market timing, if equity falls, they capitalise on the discount to consolidate their holding and position.
The narrative of Otedola in poaching the current CEO of Geregu was told by him.
Believe it or not, most of the the Billionaires in Wall street are not traders.

The Billionaire’s Talisman…Otedola Reveals How Geregu CEO, Akin Akinfemiwa, Saved Him From Bankruptcy https://www.thecapital.ng/50625-2/

A mail from GSK Reg

What about this man view on Africa?

BullBearMkt:

I like your sense of humour!
When you know how to use all TA tools to your advantage, you'll discover its potential! TA can show you when there is price weakness or strength, fear or greed , risk-off or risk-on, market breadth, short- or long-term trends, etc. Integrate all these with the news. Then what you have is a powerful investing tool.

Can TA show the future price? Emphatic Yes! TA can project future price levels; after the stock price reaches those levels, you re-evaluate the tools responses. Is market breadth changed to bearish etc? If not, "allow the stock to breadth"

Well, find below the future price projection for Transcorp again. In case price get to those level, then I will put out my TA weapons to re-evaluate the situation at that time. That's how we roll in TA investment.

I can't explain the methodology in full here, but if you think it's luck that made me buy-back again at 13, I beg, I pray for more around me.

I respect your ingenuity of TA, but without TA, putting the fundamentals and recent events in Transcorp into consideration, I already predicted that it will get to N26+ in 2024, coz it is a potential member of SWOOT, and destination SWOOT we are going
LOL

@ coolcash, enough comments on TA.
Noone is discrediting TA.
To be a winner 🏆 in the market one would have used it at a time or the other.
Sharing personal experience on what work better for an individual does not translates to hatred for TA or FA.
Learning is continuous, market is dynamic. We learn everyday.
Here is d adv/ Disad of TA.

***copied****
Market Timing: Technical analysis helps traders identify potential entry and exit points based on historical price patterns, aiding in better market timing.

Visualization: Charts and technical indicators provide a visual representation of market data, making it easier for traders to interpret and analyze trends.

Short-Term Predictions: Well-applied technical analysis can be effective for short-term predictions and identifying short-term trends.


Disadvantages of Technical Analysis:

Subjectivity: Interpretation of charts and patterns can vary among analysts, leading to subjective judgments and potential bias.

Limited Fundamental Analysis: Technical analysis focuses solely on price movements, often neglecting fundamental factors that can influence stock prices.

Overemphasis on Past Data: Relying solely on historical data might not accurately predict future market movements, as market conditions can change.

It's important to note that many traders use a combination of technical and fundamental analysis for a more comprehensive approach to decision-making in the stock market.

Above all, everyone is responsible for their philosophy and strategy in the market.
Luck or Patient is the COMMON FACTOR for TA, FA and the users of both.
The best FA and TA users may not always win, why a naive investor can strike gold by just asking a question at the right time on Where to invest in NGX today?

222Martins:
I share your sentiment and strategy. If i had 1 Million units of Transcorp at start, and i love Transcorp so much like @Mankind2024; i would have traded the highs and lows of Transcorp taking my units from 1 Million to 3 Million or more without adding any more of my money; while still taking a long term position as an investor.

The last time I disposed my precious Transcorp Hotel which I bought at sub N3 to N4 at the peak of covid pandemic, na so I go do research, dey follow worldwide TA, wey all of them come agreed say Transcorp Hotel done outperformed, make we bail out, Na so I go surrender my gold at N55.00, hoping to re-enter at a discount.
Na him Transcorp come raise to N100. Yes ,I made profit at the expense of transferring wealth to the buyer at gross discount.
Investment philosophy defeated. Till date, I no fit take the risk of re-boarding TRANSCOHOT.
Thank God, I re-invested all in ikeja hotel and currently returning 174%.
TA is not bad, it benefit TRADERS more.

Streetinvestor2:
Oga with all seriousness. Can you say with certainty that TA showed you that transcorp will get to #18 plus and then back to #13 prompting you to sell and buy back.Or you just sold because you feel is over priced. Then luck smilled at you that it came down.why hasn't it happened in Dan cement and saplet
Dan cement from #145 to #600 plus
Saplet from #300 to #3000 plus

You too Sabi too much.
You are a philosopher and a student of Warren Buffet, na wetin I see from far.
The TA is a fearful instrument, created to increase stock broker Turnovers.
It is an instrument that disrupt the market by increasing volatility. It is an instrument that transfer wealth from impatient investors to the patient one.
It causes self investor to"Be fearful when others are greedy and make one greedy when others are fearful "
As a self investors (Not traders) your primary objective in the market is to identify PE mistake, this is easy in NGX with listed companies of 161.
One can identify companies that have good values(FUNDAMENTAL) but are currently trading at low PE due to social political issues and possible poor management. A change in any of the bolded usually unbundle the intrinsic price of the asset.
This is where I respect Femi Otedola, the ability to identify undervalued companies, noone beat him in Nigeria.
He is the best Fundamental investor in Nigeria. He is our own Warren Buffet.
He got a deep pocket, he single handedly changed the story of Transcorp, FBN, Dangote Cement. People like Otedola spends lot of money on research before betting their resources on a company.
TA analysts are still telling people to bail out of Dangote Cement despite the reason itemised by Otedola "Export Potential " A strong word.
The technical analysts on this thread indirectly prevented people from becoming Naira millionaires in 2023.
Many of them believe Zenith Bank would return to sub N20, Transcorp @ sub N1,.
TA does not take social political activities into consideration. A sell off of 2 red days was already interpreted as their anticipated 🐻 bear.
How on earth 🌎 would a market not experience intrinsic volatility?
A market that rose from 50K+ to 104+K in less than a year?
Yes, a marginal bear would come only after ASI of 150K.
I keep saying it, the only good news about the current administration is the NGX.
Security is Zero
Inflation zero
Corruption Zero
Trust zero
Economy zero
Good news zero
Quality of life zero
NGX....Excellent.
The market is experiencing an organic growth, not the manipulation of the past ,when there was no circuit breaker.
Today ,maximum daily price depreciation and appreciation of 10% cap is the order.
Corporate filling is improving
Insider trading and investing is also being reported daily.
Market Transparency is improving, there is always room for better improvement, Nigeria 🇳🇬 will get there.
People that remain invested in the market have nothing to fear about inflation and dollar prices. The reward time is here.
The inflation in Nigeria is man made, the artificial scarcity of dollar and Naira is political.
Yes, there is gross distrust between the rules and the ruled.
Our business as stakeholders in NGX listed companies is to invest and trade with self philosophy for investors and strategy for traders. The combination of the 2 for experience and old wine🍷like individuals like pa Emma and rest of the gurus.
My philosophy is buy and hold good Fundamental stocks forever.

Frangel:


~77k = (Q42023 Retained Earnings balance divided by shares issued)

Where did you get your 4B?

Bra, there is no excuse for the daylight robbery executed by GSK.
Delisting, but continuing business via 3rd party is a technical language.
This simply means, the real estate and other immovable assets belongs to the majority shareholders.
The minority shareholders only got paid out via cash and cash equivalent.
Lawyers and business language always create the scene of "the more you look, the less u see"
A kind of Technical abracadabra. I scanned the internet for relevant information, the cash paid as GLAXOSMITH-DIV_48 from GRDS/GSK SOA 48:WEMA was from cash and retained earnings, this technicality is new.
Just ask, where is the profit from the 3rd party business going to?
GSK DELISTED BUT WOULD NOW CONTINUE MARKETING AND SELLING OF THEIR PRODUCTS VIA A 3RD PARTY VENTURE"
There was a catch here.
We pray Wale would not use same technicality.
Already, the statement is now showing the group vs the parent company, the extent of the group relationship with the parents is not known to SEC talkless of minority self investors.
Overall, there is a remarkable improvement in corporate filling.

emmanuelewumi:

If your average cost price is less than N2.00 it won't be a bad idea to sell some and diversify nothing is certain in investment and business that is why risk management and diversification are very important.

Those whose average cost price is N1.00 and below can create a system that can pay them their Invested capital for the next 10 to 20 years

Transcorp is my physical and spiritual stock.
We are going to SWOOT together, no shaking.
I'm well diversified.
I bought 2M units each for my 2 kids. I even pray for a heavy sell off so that I can buy more for them.
I'm not afraid of Transcorp bear, I pray for it. My skin is thick. At the peak of the recent sell off, I made paper loss of over N29M in the 2 days on Transcorp.
My investment philosophy would never allowed me to touch Transcorp, we rise,rise,rise and sink together.
The only situation in Nigeria that will make me to sell 1 unit of Transcorp within 24 hours is if there is a coup de tat.
Otherwise, we are going to destination 2T market cap together.
Traders use strategy, I'm an investor I use philosophy and I have been one of the luckiest self Investors . I'm not appraising myself, it is just a philosophy that favour me. In my portfolio I have stocks that I bought at N3 that now worth N90, some N35
Today, i do not average down, I average up, hence, never scared of bear.
I use same principle in NYSE, green all the ways

sky2891:

@Mankind2024
Please what do you have to suggest about those of us in OANDO?

OANDO is a member of ***value trapped stocks*** listed on NGX.
A potential member of future SWOOT.
***A gambling stock for self investors***
The true revenue of OANDO is known to only Wale Tinubu et al. They are very mean individuals that sent no minority investors to invest in OANDO.
They slapped us multiple times without any cogent reason.
Wale Tinubu is a god in his own world.
A man that failed to release financial statements for good 3 to 4 years.
2020 to 2022 financial statements was released in 2023.
The hidden potential in OANDO is known to so many members here.
OANDO was taken to court by SEC, he used his political weight to thwart the case.
Wale is OANDO, and OANDO is Wale Tinubu.
If Wale et al that have never been accountable to anyone could declared total revenue of N801B for 2022/23, then your guess is as good as mine.
Moderate outstanding shares of 12.43B,
I personally had 300K units purchased at average price of N6, sold 100k unit at peak price of N12+ in early December 2023f or rebalancing of portfolio.
Now on audacious gambling journey of increasing my units to 500k from next week, I will be investing my gsk compensation in OANDO on Monday.
You need to have a thick skin to absorb the anticipated selfish decision of Mr Wale Tinubu et al.
What GSK did to us would be a child play to what Wale et al would do to us. It is not a rumour that this selfish capitalist want to own OANDO 100% and run it like a sole proprietorship, same way i manage my business. The implication here is that Wale is not accountable to anybody. He is more interested in compensating us like GSK robbed us via
**GLAXOSMITH-DIV_48 from GRDS/GSK SOA 48:WEMA***
I now understand why over 85% of company secretary in Nigeria are lawyers, same way 75% of Democrat senators and representatives in US are lawyers. Lol
A greedy lawyer in business is a disaster for minority investors. He will exploit all the loop holes in business law to delist OANDO. Let us hope for the best and expect the worst.
It would be a value and investment destruction for late OANDO boarders if Mr Wale decides to pay N7 compensation via technical term DELISTMENT but still in business via 3rd party (GSK principles)
OANDO can clear all their foreign and local debts within 3 years if Wale is 5% transparent like Tony, Ovia, Adenuga, and other capitalists that pay us dividends.

LoveLeadsLand:


The NFF man quotes President Tinubu as saying,



Then he said,



President Tinubu asked them to believe in him but the NFF man is telling them to believe in the grace of God. He even asked us to pray to God for them😂

I'm afraid that this praise-singing might constitute a jinx and deny us further victory. If you understand spiritual things, you'll agree with me here.

You are just a tribal bigot. A deep hater of PBAT.
There is nothing good about PBAT in the eyes of your people and you.

essentialone:
COPIED...

"Dear experts in the house, pls I want to know if there's any issues with Transcorp plc .
I bought reasonable amount of shares @ 19.45 last two weeks, only to find out that it has dipped to 12.96. What's happening pls and what's the right thing to do now...."

If you are a trader, you have accumulated paper loss.
If you are an investor, nothing is lost.
Trading is a sprint, investing is a marathon.
Now, you begin the averaging down marathon.
You have done well by investing in Transcorp.
Transcorp is destined for NGN 1T by 3rd or 4th Q 2024. @N26, we are in NGX SWOOT class.
In the next few days, the N19.00 mark would be Exceeded.
People are using the eyes of yesterday and technical chart of discouragement to price Transcorp.
Wait patiently as Mr Transcorp deliver and reward all patient investors.
You will smile soon, you are already on board the train of PROSPERITY.
The last person I advised in July 2023, bought at average price NG3.45, managed to acquire 2M+ units at total cost of about 7m. He is not regretting anything today.
This government and Tony Elumelu would rise and sink together.
By 2025/26, Transcorp will begin the journey to N2T.
The PE mistake or error that Otedola saw which made him vow to take Transcorp to N2T market cap in few years if he had been allowed to execute the corporate takeover is now known to TE and other investors.
Believe it or not, Tony is taking Transcorp to IT in 2024.
Mind you, there would be volatility throughout the journey, sell off, profit taken, bad news, good news, technical and fundamental flaws, volatile quarters, stick to the N2T objective. You will soon be ahead of people that will struggle to get Transcorp at N30.00.
The code of the game 🎮 👌 is patient 🙏.

The rebuttal is too late. There is a gross distrust between the riulers and the ruled.
The painful memory of Naira confiscation is still fresh.
The banks would have to vomit lot of physical deposited forex this coming days.

unite4real:


Some journalists are quick to spew out news on policies that have not even been debated.
I hope the report was not a fall out from that Isaac Fayose's video that government should ban Dom accounts.
It will be the height of illegality and irresponsibility to even consider such. They have to start by making it illegal to open a dom account in Nigeria.
When I saw the source of the news, I knew it was political

It is not an understatement that Nigeria is broke and in heavy deficit.
The idea of confiscating Dom account was first muted at the twilight of GEJ administration, the move resurfaced at the peak of way and mean of Buhari feudalism.
Now, external reserve is depleted, population is balooing, heavy restrictions on Naira card foreign exposure, low participation of foreign investors in Nigeria economy, backlog of verified Forex dated to the twilight of Buhari regime, diminishing interest in depositing physical cash in Bank, people are on currency conversion spree, leading to more scarcity of dollars.
The video released by Fayose brother was an expo to what is incubating in Nigeria highest place and covens of financial principality.
Putting 1+1 together, government might be forced to do it, but it will backfire.

yMcy56:

That's not right nah ...
Withholding tax ought not to apply....
All the past buyout doesn't remove one Kobo from the exit price.........I've not seen where WTH is removed from exit price....
Have you received yours? Make una ask them questions o.

In another thought, the company may make up for the shortfall from additional payment we were told they'll pay......if it's true.
* You can make more enquiry from GSK.

Yes, gsk landed @3am
10% short of credit balance.

https://punchng.com/operation-rescue-naira-fg-considers-converting-30bn-domiciliary-deposits-to-naira/

If the government execute this threat, it would be a terrible disaster for the Naira. This single action will affect the NGX terribly.
It would be the harbinger for absolute collapse of the Naira and the stock Market.
Trust Nigerians, the Emefiele policy is still causing skepticism amongst the citizens as they do not trust the banking system.
There would be a 3rd and 4th waves of absolutel physical cash scarcity.
The forfeiture will solve a temporary problem, at the long run, the Bank will never see invincible forex again.
The government should remember, that the US dollar is a hot cake in all the Neighbouring countries.
The average Nigerians were not the looters of Nigeria forex. It was looted by the elites, starting from independence till date.
IBB could not account for 12B usd gulf oil windfall.
Abacha loot is still being repatriated
Agunloye scammed the nation of 5B usd, Diezeani loot is too shameful for the government to announce the estimated usd she stole from the system.
Government should borrow from the domiciliary account as a measure to confront the problem without causing a systemic problem.
BAT should not near nor touch my sweat and blood dom wey i dey take hedge against Mr Naira, otherwise I done Japa be that oooo.

GSK....
10% Withholding tax taken from final exit price of NGN 17.42, translates to N15.678 per unit.
Value erosion.
I for done japa since. Lol

@op,
Emefiele laid the foundation of current crisis in Nigeria. He single handedly printed over N21 Trillion for Buhari the Jihadist via the infamous way and means without any backing.

What do you expect from a Fulani Jihadist? He sees NNPC as nothing but an entity of Northern Nigeria Petroleum Corporation.
The Northerners even claim that the corporation was built with forex realised from groundnut export.

Mpeace:
Truely, market has a mind of its own. Just imagine someone after yesterday's 10 10 loss, deciding to cut his loss by selling early this morning, only to realise that the same stock made maximum gain at the end of the day. Hmmm

That person is either a trader or an inexperience self investors.
It was emphasized clearly that self investors should not panic sell volatile assets, that ot was just a sell off due to volatile nature of equities. People thought we were in a bear market due to anticipation for the fulfillment of Elliott wave 3 vs 5.
NGX will render Pro-beer investors handicap in 2024.
This index is going to the Northern hemisphere.
Volatility of +/_ 5% will surface and succumbed to the ravaging appetite of local investors for Nigeria stocks.
The good thing for self investors is that the volume of stocks traded from 2021 to till date was largely executed by 🇳🇬 Nigerian local investors.
For this reason, the stagnant market and depression of the past might not be seen in the foreseeable future, except there is a coup or civil war in Nigeria.
We are now getting used to trading and investing without the inherent disruption that character FPI participation in the market.
For, there is less room for them, coz we got no forex for repatriation of their loot.
This market is the only positive thing about Nigeria since May 29 2023, It belongs to LOCAL INVESTORS.
The government will do her part in PROTECTING the momentum.

BullBearMkt:

...with good planning and patience, that 'yeye' stocks might transform into hidden gems!

In reality, what people call yeye stock is Value Trapped.
The value might be unveiled at the right time.
For patient self investors, Time is of essence.
Things can only get better for NGX, corporate governance is improving across boards.

Nairalander640:
Transcorp deeping once more

It is expected, people that bought at N1 to N6 are taking profit.
It should deep foe more bonanza foe long time investors.