₦airaland Forum

new4peter:
SCARE TACTICS as at today 2nd April 2026 who are the majority share holders?
who is working hard to scare people away so as to sell their shares for peanut
the sudden return of people money after getting a juicy opportunity should be investigated

The result is not that bad oh, just that the stock price is in another galaxy. This is a N1-N2 stock at best. It should have been a N3-N4 if they hadn't wasted billions they don't have in that silly public offer. They carried money they couldn't afford to lose chasing what they had no business chasing.

Streetinvestor2:
You forgot to add bankers financial engineers and lastly scamers to complete the description

I don't see any scam here oh

chimex38:
Of course. It will still grow in the near term; only this time Chuka and Co should allow more organic growth and be conservative in forecasted timelines..
The number of deadline misses is becoming sth else without earlier information.

I am only just recalling how you looked "foolish" after entering with justification and then bailing out days or weeks later with updated justification.

It took balls from you to post it at the time, knowing what it meant with the investment hypers.
It wasn't easy..kudus.
I am just picking from that.

If I ever reinvest in this company I will do it only if I have the ability to buy a large enough stake to fire management.

The current management is made up of bankers and financial engineers not farmers and industrialists. They have a wonderful plan but they just need to shut up and focus on execution. Farming is not sexy business, it is a slow process but it is extremely profitable.


PS did you buy some ETI today?

chimex38:
I recall you were init and later bailed out despite the hype then.

Lass lass in combination with others, it's good to also do one's own DD and stick with it. Whether it works out or not, one learns from it within a defined direction.

I am still going to buy a lot in a few years.

KarlTom:
Ahhh

Na lie I talk? Captain of ship don abandon ship, no be refugee dem be?

Come over to ETI, our management just recently bought over the bank. Our management siddon Kampe

To all Ellah lakes refugees remember you can buy ETI

KarlTom:
So VFD is proposing ₦0.25 as DIV.

Na wa

Is it good or bad?

EDUECO:
In US Dollars,Jim Ovia earned more than 20 million as dividends for 2024 financial year from Zenith Bank; and this money can buy 20 properties in London.

You go see 3 bedroom house for London for 500k pounds. Not to talk of the compounding nature of these investments.

I am willing to bet that most of these properties were bought by a family office and he doesn't know 98% of them.

EDUECO:
ACCESSCORP has paid annual dividends for the last 20 years; so ACCESSCORP is not FirstHoldCo with recent poor dividend history.

Like I wrote in one of my posts, management of companies make good money by inflating cost of doing business just like politicians inflate the cost of contracts or projects.

And he will have other investments aside from AccessCorp, investments like foreign real estate.

Agbalowomeri:
So you do not believe that there was money laundering involved?

Why do you believe there was?

leo1234:
Let's look at Farouk Ahmed.

Dangote alleged that Ahmed used his position to "indiscriminately" issue licenses to fuel importers—including for products from Russia—to undermine local refining and protect an "import cartel". 


Will you consider the gifts (money and otherwise) he received from the cartel as stolen money?

We are talking about the founder of one of the largest banks in Africa and you are mentioning a public servant.

You no see where the problem start to begin?

KarlTom:

When I dey trade stock options only me go siddon for office get full blown 30 min conference with me, myself and I as to if I should sell or not.

I don't envy frequent traders or technical traders

ppogba:
If the so called Auditors were to be doing their job as expected, there wouldn't have been terms like " Insiders abuse" and bad loans to top management. If fact, maybe the undertaker that took over bad debts of banks would have wound up by now.

The game of money is very different in that billionaire circle. He didn't buy these properties in one day, he most likely accumulated them over several decades, and remember these men have family offices that make these investments on their behalf. What we are seeing is a property portfolio, not like the man went to do home inspection for each property.

Anyway Agenda must agend.

P.S. Have you bought some ETI today

leo1234:
How did "thief" come into the discussion?


Let's talk about Money laundering and financial misappropriation.

Other financial crimes too.

Financial crimes no be thief?

Bovis:
Oga pls stop making excuses for the grand scale corporate greed of Wigwe and Ogbonna. We also found out last year that Roosevelt Ogbonna (the current CEO) bought a £15 million property on London billionaires Row. I believe Access bank shareholders are the rightful owners of all those London properties

The regulator in conjunction with the EFCC should pressurise the UK government to apply for an Unexplained Wealth Order (UWO) to recover those properties asap

I am really not understanding. Did auditors find fraud in the company books?

So every rich man in Nigeria is a thief

isaacosas01:
Drill fire! Me that is thinking of realizing my loss and running. I just don’t wanna look like an impatient investors who couldn’t hold for even a week.

I so know this feeling and I don't envy you

World people will not give you your money back. Sell if you want to sell

EDUECO:
Many of una think say stock investment na baba ijebu lotto?

UNIVINSURE is basically a dead company.

It will resurrect in Heaven

KarlTom:
Drill baby drill...

Dip has turned to dip dipper dippest

EDUECO:
Wigwe made more than $US 4 million from ACCESSCORP dividends annually.

Do you even know the power of 4 million dollars?

He could have acquired those London properties mostly from the proceeds of his annual dividends.

EDUECO:
Wigwe's total annual income cannot be less than 40 million US Dollars; so he can afford those properties.

Each of these London property cost between 400 hundred thousand to 3 million US Dollars.

Maybe,he partly purchased these properties with bank loans and the properties will serve as collateral for the loans .

Leave Nigerians and their poverty driven pull him down syndrome

SonofElElyonRet:
Exactly!
Or Oando at N97 or so

pluto09:
Or you bought OandO at N90

Market participants are becoming complacent. Everybody is beginning to think the market only goes up.

SonofElElyonRet:
If you bought high

The guy that bought Ellah lakes at N17 is not having fun

Stockpromoter:
Loco insurance index can't recommend stocks without daily summary of activities which carries TA.
If you like I can give you a very brief summary with stocks to buy based on summary & TA.

You are a man with a clean heart.I have watched you for a period of time.

You are a complicated somebody. Abeg just mention some insurance stocks that are interesting

leo1234:
The insurance index will rally any moment from now.





Those interested should take note 📝.

Can you please recommend some interesting insurance stocks

InvestorHalal:
Quoting for later use.

Thank you

Feel free to ask questions on Ngxforum

MisterInvestor:
Not comfortable with Bamboo for long term holding, Standard bank webtrader is for South africans.

No its not. I have an account there and I opened it from Nigeria, used Nigerian documents and operate it with a Nigerian Dorm account.

MisterInvestor:
What app do you use in trading such huge sum in US stocks, i assume you are in Nigeria

Check out this post

https://ngxforum.com/thread/120/recommendations-international-investing-nigeria

I have discussed the options I use. If you have further questions please feel free to ask

Stockpromoter:
So far you don't deny Loco his weekly 10-20% in some of these insurance stocks,I am okay staying quite.
One thing I know is I was here you came and I will be here to see your end here.


I blame myself for revealing a trading strategy which I believe you also benefited from.

I am okay and doing pretty well bro.
If you know this,do you know the other one?
You have denied some people little things that can help them win the market at a particular time.

Enjoy the market alone.
Make sure you help the members to make your audio billions if true you are making it big.

I don't eat alone but you have forced me to start eating alone like some of the greedy and self centred ones here who don't care for others.

Kindly know that I am here always observing all you do.

Have a nice day

Even though I am yet to align with any of your recommendations since getting here, I respect your views. When people make recommendations the wise thing to do is take a look at the company yourself and see if your analysis agrees with the recommendation given. All these people who say that people are giving recommendation for selfish reasons are living in coo coo land.

Nobody pays anybody here for analysis. I personally give recommendations for two reasons;

1, To get the opinions of others to see if there is something I am over looking. Essentially giving me a second opinion
2, To potentially draw attention to company and increase demand for the stock

So please keep giving your recommendations. I don't think our investment methodologies align and as such I haven't taken advantage of your recommendations but trust me I have reviewed all the companies that you have recommended since I became active here. And who knows, one day I will hammer from your recommendation.

presiade:
Did you mean I “underestimated”? Please take it to -10% at the close of the market today. Let me see your influence.

Ogbeni the discussion is not personal. Calm down. For every transaction there are different opinions I think it's over valued you think it's under valued. I am not buying you are either buying or holding. No need to be sarcastic on top the matter.

Abeg free me to promote my ETI in peace.

presiade:
PRESCO is going back to car park N850/unit.

Bro, if you missed it, don’t try to drag it back—it’s a very big and reliable bus!

You really overestimate our influence on the market

Streetinvestor2:
If you don't know about a sector. It is better you keep quiet. This is the period palm oil is suppose to be cheap but the thing is already expensive. The local production no dey even meet demand. Presco is going to harmer and nothing is going to stop it unless natural occurrence happens to thr farms.All those who have mini plantation are making a kill now including my family. I wish we did invest big in it all this yrs

You guys are mistaking having a profitable business and having a cheap stock. Presco PE ratio is 14 as at today's closing price. Anyway lets see how the quarterly results pan out

jonnysessy:
From my own analysis this day trader failed woefully. He had completely lost out in the compounding. But, i guess he is satisfied for the little gains.

If we use the index as a yard stick; if you held from 2015 till date you would be in the red in dollar terms.

Prosper307:
Left GTCO, ZENITH, NAHCO, ARADEL, PRESCO, WAPCO, DANGCEM, SEPLAT, etc.

Left these real pillars, to go ETI.

Well, to each his own, make Nosa sha remember say NGX is a "unique animal", according to one guy like that.

We sabi say na OG e be sha, but be cautious with banking valuation, and moderate expectation of capital appreciation especially for a bank like ETI wer no de poo or vomit dividends.

Oh no i didnt. I bought GTCO at 38. Bought Zenith at N60 and now bought ETI at N46.

Each time the reaction from my fellow market participants was the same. And each time I laughed in Bini