₦airaland Forum

HesInMe:
I thought your conviction was valuation-based. You've been right so far. Stick to it na.

And promote Access while you're at it, as that stock is also Pan-African and "cheap."

Access Bank is on my radar but when I compare access Bank, Ecobank and zenith Bank on a valuation vs efficiency basis; access Bank comes out third.

So, I will probably ride zenith Bank till the valuation vs efficiency ratio moves in favor of access. I could always divide my funds into the 3 banks but where is the fun in that. 3 banking stocks for me is too much diversification

HesInMe:
No disrespect, but see how you've flipped and flopped on Ecobank in less than 6 months like fish out of water:

Aug 6: "Entered ETI at about N36. Given the book value of the stock I think its ridiculously cheap."
Sep 19: "I read this article yesterday and bailed out of ETI today at N35, took a hit of like 15%."
Oct 28: "This stock is cheap oh!!! The negative retained earnings is really holding it back..."
Dec 30: "I started buying yesterday and finished buying today. Average buying price N42.52..."
Today: "ETI has touched N50. I wont advise anyone to sell... Ecobank is a play on the Ghanaian Economy." "This game is so easy it should be illegal. I really feel sorry for people that keep buying/selling without doing valuations."

I react to the news (as I see it). Let me show you the article that made me sell

https://gomezconsult.com/ecobank-in-race-against-time-as-non-performing-loans-set-to-exceed-70/

One thing I will tell you for free is that insiders know more than we do. So when I read that article I sold first and asked questions later. When I saw that the price was not tanking I bought back with the belief that they must have a grip on their issues.

If you follow the Ecobank thread on my blog you will see a more robust discussion

Plus at the end of the day my loyalty is to my money. I don't hold a lot of stocks but the few stocks I hold I watch like a hawk. I try my best to hold the cheapest stocks based on my valuations

essentialone:
https://in.headtopics.com/news/zenith-bank-plc-shares-listed-as-top-pick-ahead-gtco-and-78553212

Shey na Joe Budden get that song titled Pump it up.

We are here for you people and we no dey sell until........

Very soon articles about Ecobank will start coming out.

nosa2:
I am adding this SCOA to my bedsheet oh. This company looks like something that may just be sexy.

Analysis to be posted on my blog later tonight

Analysis posted. Go and read if you interested

https://ngxforum.com/thread/55/nigeria-plc-scoa?page=1&scrollTo=490

PETERiCHY:
SCOA is one of the stocks I inherited from my dad of blessed memory, who knows they might be the BETA GLASS of 2026.

BARGAIN HUNTERS TAKE NOTE!

I am adding this SCOA to my bedsheet oh. This company looks like something that may just be sexy.

Analysis to be posted on my blog later tonight

KarlTom:
That's where the gold is located...

You people are wicked

SonofElElyonRet:
Japaul is working underground

Working hard to carry your money under the ground

Streetinvestor2:
The first current account I ever had was with oceanic bank.
The first stock I had in large numbers then was oceanic bank.The first loss I had in six zeros in this business was oceanic closing down .Till date I don't understand how the take over reconstruction happened. All I knew was my investment was reduced to worthless. You can never find me and ecobank in same sentence. I even abandoned my current account with them join

No wahala. You can buy Zenith Bank

Streetinvestor2:
If it is based on politics. I will disagree with his position. as ngx stands to be gold mine. This government is so corrupt and has looted so much for this election. All you need to say is I stand on his di.ck and collect billions.
And anyhow some will end on ngx.You see that ASI will touch 250k this yr for political campaigns

Election year is just as good a reason as any.

As I stated with the tax excuse, market commentators will always find a reason for market movement. The fact is that the Nigerian economy is due for a repricing, and the stock market is not going to be left out. FMCG sector has been repriced and now its the turn for the banking sector.

You can choose to say it is because someone saw big foot or because it is an election year; my own is that make you sha buy Zenith bank and Ecobank stock.

jonnysessy:
Please tell them. Zenith bank should be rubbing shoulders with GTCO. It should not be trading N70. I believe their dividend will be higher than GTCO.

I believe your believe. Lets pump this belief!

nicestlady:
Any thoughts on the MCO Penny ltd savings? It promises 26% interest per annum with upfront interest payment. How safe is it? Anyone invested before?

If they are going to pay you 26% how much will they now lend to people?

So, their website claims they are licensed by FCCPC. FCCPC website claims that their mandate is to

The mandate of Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) is to develop and promote fair, efficient, and competitive markets, ensuring access to safe products and protecting consumer rights from abuse, exploitation, and unfair business practices across all sectors of the economy.



Please how do these two relate?

If you are looking for what to invest in go and buy Zenith bank and/or Ecobank (ETI) shares

Agbalowomeri:

Your monkey hunting trainer should refund you

Hehe!!

This game is so easy it should be illegal. I really feel sorry for people that keep buying/selling without doing valuations.

Anyway..... Posted about Ecobank on my blog

https://ngxforum.com/thread/4/ecobank-transnational-incorporated-eti?page=4&scrollTo=487

Ding dong ding dong!!!

There is still chance to buy Zenith bank and ETI oh!!!!!

The bus has started to move but if you hurry you can still chop a nice 50% on Zenith and up to 100% on ETI.

If you like follow dey listen to baseless fears

P.S I am not here to make you money. I am here to push my market. If you make money that is purely coincidental

Sunrisepebble:
I don’t think it’s that undervalued anymore. I believe that the price will get back to pre bonus dilution price. I’ve also heard their Q1 numbers are good, they’re still growing revenue and EPS. So I’m holding for now. Although I trimmed some around 92-94

Thanks. Its on my watch-list as well but its not sexy enough for me. Its one of the stocks I will be watching when the correction comes

Sunrisepebble:
My target prices for the below:
GTCO 120
MTNN 800
SEPLAT 9,000+
TRANCORP 60-70
VITAFOAM- 120
WAPCO- 200
ZENITH - 90-100

I don’t see much upside in NAHCO any longer. Dollar is stable and DPS for FY will not give you a 10% yield at current price. Will they continue to grow revenue and earnings the way they did previously. Their Q3 was evident of that.
Pa Emma I would like to hear your opinion @Emmanuelewumi

NAHCO can be viewed as a play on insecurity.

Sunrisepebble:
Portfolio update:
GTCO
MTNN
SEPLAT
TRANSCORP
VITAFOAM
WAPCO
ZENITH
Used funds from NAHCO and PRESCO loot to add to MTNN, SEPLAT, WAPCO and ZENITH

Why do you say vitafoam is undervalued

awesomeJ:
1400% vs 51.1% in 2025.
Is that accurate enough for you as a performance assessment.

I built a dedicated software to track this.

Again, you're speaking about most traders, and in that case, you're absolutely right.

Are you comfortable sharing your transaction history?

I'm sure if someone were to analyze it you will see your assessment of your returns aren't so accurate

awesomeJ:
When you consider that my highest green month as of 2025 is 15x more than the loss from this red month, it makes the red month loss even more immaterial @nosa2.

Now remember that there are people like Mankind2024 who seems to consistently makes 4000% over a 4 year timeframe (based on what he tells us).

He has found his strategy, I've found mine.

You also seem to have one that works for you.

Why exerting mental energy to prove that a strategy isn't sustainable cos you couldn't succeed at it 😁

I am not trying to say your strategy doesn't work. You are the one trying to say it does. It would be interesting to see the entire transaction sheet of a "successful" trader and compare it to the performance of the index.

Most traders don't misinform deliberately. They just don't assess their performance accurately

awesomeJ:
With your own failures as episodes ba?

Keep binging.

Traders always post their wins are rarely their losses. If a trader were to sit back and review their trading profits over say a 2 year period I am sure they won't beat the index.

There is a huge element of gambling thrill to the whole thing

awesomeJ:
In any case, the whole point is for you to stop erroneously assuming that because you failed at a craft, someone else might fail.

That's a faulty assumption, unless of course the person is following in your exact footsteps in the same market with the same sentiments.

@nosa2

No shaking. This is a movie I have seen too many times

awesomeJ:
How long did you successfully trade for?

Years. I am not going into this now. I have been in this game for a very long time. I can make your argument better than you but I also know that the idea of a successful frequent trader is a myth.

However, believing you will find a system that works is a right of passage and the baptism of fire is the only remedy.

awesomeJ:
We're saying the same thing.

If you traded for up to 6 years successfully, your experience would have counted.

This 6 months you mentioned was more of an experiment 😁

You misunderstood me. I had been trading for a long time, its just that my trade size grew so large that Oyinbo called me in Nigeria to give me personal service.

They called me at my peak.

awesomeJ:
Hopefully when you master it, you will survive 6 years and still be thriving.

Erstwhile, you just port to a different strategy that you understand 😁

I want to respond, I know what I want to say but I don't know how to say it.

Some times experience is the best teacher.

When Warren Buffet stated the rule about not losing money he was speaking out of years of experience. Experience that can only be fully understood when you experience it.

Agbalowomeri:
They will send you a year end gift

Back in 2014 when I was trading stock options my broker in Luxembourg (Saxo Bank) called me and gave me a personal account officer. Approx 6 months after that phone call I was totally wiped out.

Never traded stock options again, at least not with any meaningful volume.

Raider76:
I recall when he was pushing GTCO and many were not interested. He must have cashed out big when it hit N100.

Hehe. If it is obvious then its probably not as juicy. Shifted from GTCO to Zenith and Ecobank. Got out of GTCO at about 70+ sha and shifted focus to Zenith. The disparity in price for the two banks is illogical. Either GTCO is over-priced or Zenith is under-priced.

I expect GTCO to hover while Zenith catches up. We should eventually see Zenith trade at about N5 below GTCO

Obviously my opinion changes once full year and or Q1 results come out

Agbalowomeri:
Oga Nosa you really rate these banks o

Unless the auditors and regulator are complicit/useless, then the numbers for the banks reach for person to rate them

emmaodet:
Tbh, I am not a fan of banking sector for now

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.” - Warren Buffett

I refer you back to your quote

emmaodet:
"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.” - Warren Buffett

Are you interested in the banking sector now?

mikeapollo:
Deapcap has restructured and deleveraged its AMCON debt from about N1.5b to about N400m.
They also have plans to do a debt-equity conversion programme and possibly raise additional capital in the market.
These and some other info may be responsible for its recent performance. But I don't know if it will continue the rally or decline or remain stable.

Thanks for this

Streetinvestor2:
Oga nosa, I hope you see what yeye government is doing with money supply that you say naira is sure bet for 10yrs
I won't be surprised the failed government could even be print naira from back door. When they step down by 2027 the truth will come out

I have no emotional attachment to any position but all the evidence points to the currency strengthening. All the corruption and nonsense policy you can mention are a constant. The only things that have changed are the factors I mentioned earlier

Agbalowomeri:
Palm oil is an international commodity and all international commodity experience boom and burst cycles

Nigerian market is protected but I suspect that protection will come off sometime in the next 20 years

awesomeJ:
With N5bn, Agba is in top 0.1%

Some estimates say only 7000 millionaires are in Nigeria.

Agba is one of them.

7000 is 0.007% of 100m adults in Nigeria.

Naira or dollar millionaires