₦airaland Forum

megawealth01:
I tried selling all my ETI today.... Let's see if I will sell off or not

You can interpret this for anything... I no believe in ETI dividends joor?

Just passing a message

Leave some units if you don't need the money.

megawealth01:
I can't wait oooo. They should remove that 10%peg joor

You really want to kill people.

Watching your money disappear 10% daily softens the blow oh.

GeneralDae:
Politics aside, I remember just before the election in 2023, analysts made it clear that whoever won out of the three candidates would make the markets bullish because they had similar policies.
I think these policies (which have been unfortunately but expectedly brutal to the micros) are largely part of the reasons the markets have never looked back in 3 years.

It has grown by at least over 30% YTD since 2023.

I came back to the NGX because of the removal of fuel subsidy and liberalization of FX market. If these two things didn't take place I wont have touched Nigeria

ojeysky:
Just to add, is ETI that is on its way to 80 paying up to 3 naira

Una really commonize this ETI sha.

ETI should be trading between Zenith and GTB. Zenith on the low end GTB on the high end

Oasisblue:
FACT. If this government loses the next election I would reconsider my continued participation in NGX.

It's not that deep. On the flip side if Tinubu loses the election there is a high probability that the insecurity in the country will reduce dramatically.

Streetinvestor2:
OK no political fight. What it has is death sentence to the masses while the people behind it live large

That's how capitalist economies work.

We could have grown by borrowing and not going through this pain, however we borrowed and it was wasted/stolen and now we have no other option.

Is it right? No. Is it fair? Hell no. But it's our reality.

Streetinvestor2:
Don't fear.Even if bear comes it won't last.The bull for next yr will on top gear as we kick out this failed government.
Oga ngx will be doing 10% daily for months

I don't think this government losing the election will be a bullish event. The one thing this government has done right is its economic policies. The policies may be brutal for the masses but they are necessary.

P.S Lets try and not start a politics fight

deathwing:
Aradel is growing its gas segment too because the opportunities are insane, and it underscores their efficiency (they make sure they process associated gas from their drillings). That's why i got into them in the first place, though I bought more of Seplat recently because i can see that the future of Seplat is bright.

LPG is a national policy. By the time most households begin to use gas for cooking and NLNG benefits from their increased capacity to supply their new trains, what do you think these companies will be doing in revenue> I honestly believe we are still in early days for O and especially G

After looking at the revenue and profit break down I am starting to change my view about the company. I am definitely adding it to my watch-list BUT I cant buy an oil company when the price of oil/gas is at near record highs.

Let blood start flowing and who knows, this might just be my next darling. That refining business is super sexy

deathwing:
Why do you keep saying you are bearing on O and G? Nigeria is a gas nation. nd Seplat/NNPC will do magic as they unlock. We are rapidly building out gas infrastructure with many more coming onstream. Seplat will supply gas through AKK pipeline to power stations and factories in northern Nigeria, as well as contribute their quota for the naija-morocco pipeline. Europe is on her knees begging for gas from Africa and if that naija-europe pipeline ever gets done, indigenous gas companies will be making ritual-level money...and SEPLAT is right there are the foreforont with their ANOH gas plant. You may be bearish on oil, but our gas prosperity has not even begun

https://ngxforum.com/thread/124/marketwatch?page=3&scrollTo=639

Read my thoughts here

debeey87:
30%

Refining revenue for 2025 was 210bln while revenue from crude and gas was 440bln and 46bln

Thank you for this.

I got this from Claude

Revenue (₦697.3bn total)

Crude Oil — 63.1% (₦440.1bn): The dominant earner, driven by liftings sold entirely outside Nigeria.

Refined Products — 30.2% (₦210.8bn): A meaningful contributor, with sales primarily within Nigeria.

Gas — 6.7% (₦46.4bn): The smallest revenue segment, but growing (+65% vs ₦28.2bn in 2024).

Investment Properties — <0.1% (₦121m): Immaterial to group revenue.


Profit After Tax by segment (₦221.8bn total reportable segment PAT, before eliminations)

Crude Oil — 55.3% (₦122.6bn): Still leads in absolute profit, though its PAT margin is a relatively modest 27.8%.

Refined Products — 29.5% (₦65.5bn): Solid profit contribution with a 31.1% PAT margin.

Gas — 15.3% (₦33.9bn): A standout in efficiency — PAT margin of 73.1%, by far the most profitable segment per naira of revenue.

Investment Properties — -0.1% (-₦214m): A marginal loss.

megawealth01:
I tire ooo

It was a good stock when it was cheaper but I no fit enter now.

EDIT

I may need to look closer

stcool:
Congratulations to ETI holders

If you are in Access Bank stay put...this should give you a clear pics of target price

For some of us, we would hold for long, as we may not get it this low again.

Did you buy your ETI?

yMcy56:
It's painful it took me so long to see the value in that stock despite the ogas and one of my ogas pointing it to me because he works closely with them and knows the value inherent in it.
I also have idea of how those O&G company fairs......more reason im going to continue keeping eyes on OANDO.😊

Needs 100k to move +10% for today anyway....
Na 2500 stock or more...😊

I'll re-do my valuation in comparison with SEPLAT later....because when SEPLAT was at around 8k, it was allied @1100+

deathwing:
Hehe, we go tell you when e reach 2k . I am at least happy I put my all in it. No extra money for extra buying even though I'm about 120% up at this time

Oasisblue:
LOL. Its one of the 3 biggest indegenous oil companies na, with n 11k barrell/day refinerycapacity(now 30k I think). Also, a major player in the gase sector. Bought over ND Western, which makes them majority stakeholders of the RENASSAINCE group- basiclley, they are the Shell Petroleum Development Company Nigeria of today!

Thanks for this.

What percentage of their earnings comes from the refinery business? I am bearish on oil and gas but bullish on refining.

yMcy56:
ARADEL @1547.50!
Full bid!
Not slowing down at all....
No be small thing...

What do you guys see in Aradel?

Stockhunter:
Market is always dynamic, we should not let our old knowledge hold us back or paralyse us.. i say this because many persons including myself always see banks as not so good for growth but today the reverse is the case. The banks don wake up begin fire. At least majority of them...

What people tend to forget is that it is market participants that move market prices. If everybody agrees that a stock or a sector is a buy then who will be the incremental buyer. Odds are when this happens the growth that got them excited has been factored into the price.

The best plays are the ones where the majority of market participants have an irrational fear or dislike of a sector or stock. This means that as they change their minds they are going to buy that stock/sector and consequently move the price up. That's why forums like this are very valuable. You can use it to gauge the pulse of the average market participant on a stock or sector.

wanaj0:
E ku market ooo

All ETI members make una softly softly o

Waiting for Q1 results to set direction and market mood.

Make una enjoy

My oga I hail. Your boy is loyal

jckgroup1:
Oga Nosa,

Now your market don sell.. Godwin
Bus conductor don lock door, throwway key

To the next...!

After this na to carry my loot go lock for Fixed income dey wait for market crash.

But the ETI train is just starting oh. The concept of selling is not yet in my mind.

Streetinvestor2:
It is going back to-/+ #50
That stock and FBNH na 5 and 6
What it is doing is initial gragra

This did not age well

Itzlinda:
Why settle for 30% if 100% is possible? 😂

Why settle for 100% when 200% is possible

Streetinvestor2:
It is going back to-/+ #50
That stock and FBNH na 5 and 6
What it is doing is initial gragra

Should we bet?

The only way this stock sees N55 again is if they do a bonus issue

Streetinvestor2:
Make I see if the green go pass tomorrow on that yeye bank

Not only will it be green but it will do Max 10%

Agbalowomeri:
People go begin run from tomorrow Lol

All the way to June bawo

Are you looking at volumes being traded? My brother ETI is not slowing down any time soon

Itzlinda:
During last year October dip, I bought Oando, Access Bank and UBA because their prices looked cheap compared to others in the same category.

6 months later:
GTB and Zenith Bank don double (100% gain)
UBA and Access Bank just manage around 30%

Lesson learnt the hard way:
No just follow “cheap” stocks. Go for companies with strong track record.

That “bargain” fit hook you if you consider opportunity cost.

The problem is that you are looking at price and not valuation. Even as we speak, from a Price to earning and price to book valuation stand point ETI is still cheaper than UBA and Access.

All the predictions I have made is based on me looking at stocks ONLY from a valuation stand point. I actually have a spreadsheet that when I update price it gives me the latest valuations.

If you do this and you stop listening to all the noise and BS you will have the cheat code to the NGX.

But alas, most people like gist and noise. Making money on this market is too easy. You just need to stop being emotional

megawealth01:
When I bought SEPLAT at sub 500 naira I bought to HOLD sha

Read my post on www.ngxforum.com and you'll see my reasoning. The oil market is about to fundamentally change

robobo:
Oga Nosa

The effect of "sky high energy prices" will not reflect in Q1 result. The war started at the end of February (67% of Q1 already done" while the effect did not materialize at the pump until about a week/two later meaning 75-80% of Q1 economic activities were already done.


My take is that the effect will be captured by the Q2/half year reports

Thanks for this.

egojeny1:
We in UBA, na only God go help us

UBA is not expensive oh. Its not sexy but it is far from expensive

megawealth01:
Chuka abeg help me move ELLAH to #30+ 🥺

Chuka wey dey wait for the stock to reach N2 so e go buy back

megawealth01:
But why person go sell SEPLAT sef?

Are you serious? I am very bearish on oil stocks in the mid to long term.

yMcy56:
The aggression was on another level today

SEPLAT also touched 11,200 intraday...

Market is acting as if the Nigerian consumer is not suffering from sky high energy prices. Q1 results go do everybody like home video.

I am enjoying the ride but the shock is coming

verminnel:
Jeez!!! Sad i sold off seplat

Don't be. Nobody can time the market

Agbalowomeri:
Bandit don kidnap the results

Make dem hold am until ETI reach N150 so person fit carry part of the loot come chop for that side

Agbalowomeri:
Access that will pay only N1

Abeg has ETI announced ex div date?