₦airaland Forum

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

Agbalowomeri:
Dem say you get much more than you need boss. So do giveaway

My pastor don say make I no dey deny these prophesies. Amen oh!!!

awesomeJ:
Send your aza for what?

It makes no sense that you would expect me to gift you. Since you have much more than you need.

Except it's another humour and you forgot to add the emoji 😁

You don carry the matter enter another level.

awesomeJ:
I prefer to believe that.

Only short sighted people would prefer to believe a smaller figure and then start thinking they've arrived when their portfolio hits N50m.

With my thinking, even at N200m , I know i'm only just starting cos I need to catch Agba before he reaches N10bn.

That thinking only helps me stay motivated, why do you think there's a downside to it?

There are people who feel intimidated or get jealous when they realize that people here have portfolios over N50bn.

I'm not one of such people, I don't suffer from such foolishness.

If pa Emma reads that someone here has N50bn, don't you think he will realize he still need to grow his current N5bn portfolio?

All this one na story.... Make I send Aza

awesomeJ:
The sellers of the humor should add emoji labels so we can see the wares more easily na.

Like 😁😁😁
Or even just 😁

no vex but I was serious on the aza matter oh

awesomeJ:
The average portfolio size here is perhaps N500m.

My current portfolio is less than that.

Something never ceases to amaze me:

Why guys like you with portfolios in billions or at least hundreds of millions will see 200k as money when it shoould simply be a rounding error on your account.

I just don't understand.

The least amount that should even make you guys think of figures being brandished should be at least tens of millions.

I just never understand.

Just like at my current portfolio level, someone mentioning 20k wouldn't be a relevant amount to me.

Guy, no go believe enter bush oh!!

Anyway all this your talk na to deflect from the main matter...MAKE I SEND AZA

awesomeJ:
I held 19107 units of EUNISELL at N149.95 at the start of today's session.

I panicked sell everything at 135 only for someone to come clear all the offers at the last minute and close the stock at N158

By selling too early I lost N23 per share making a total of around 439k in just one stock in a single day.

Another 100k loss on Cadbury and losses on other tickers too.


Am I bothered?

I would be if I was a beginner like I was in 2020.

Is my portfolio down by 700k today?

Not quite.

I'm still up over 200k on a day as funny as this.
😁😎

These figures are significant given that my current portfolio isn't so large.

Una get money for this place oh. Bros make I send aza?

pluto09:
We are still very much dependent on crude oil as a source of foreign exchange earnings.
A sustained downward movement in oil price will be a big challenge for naira stability.

Not as big a challenge it would have been if we were importing and subsidizing fuel.

mikeapollo:
The govt stopped subsidies since 2023, but they have been borrowing like crazy to finance the budget with no concrete results to show.
Ask yourself why they have borrowed trillions of naira when there is no subsidies, and still nothing to show?

The money doesn't need to be used judiciously for the currency to be stable.

presiade:
You're referring to the Central Limit Theorem in statistics.

Is statistics not a branch of mathematics?

mikeapollo:
Have you thought about policy decisions in the US that could strengthen or weaken the dollars against the naira? That is not under your control.
The issues you listed can be worked on without the naira being weakened. e.g. Nigeria had a stronger naira with national oil refineries working in the 1970-80s. State ownership of assets is not the problem; corruption and mismanagement is.
Aramco is owned by Saudi Govt and they are doing fine.
Don't demonize subsidies. Every country on this earth gives some form of subsidies to their citizens.

You are right but since we have been unable to find a solution to corruption then we are best using a development model that adds it as a factor. With regards to external policy, yes that too is a factor. So add it as a potential risk. So unless those things happen Naira will not collapse

mikeapollo:
Nothing is ''gone'' in the long-run.
How many regime policy somersaults and inconsistencies have you witnessed and fallen victim to in Nigeria? Naira was about N200 just 10 years ago.
Never downplay a relatively stable currency like US dollars for an unstable naira, especially in a country that relies heavily on oil prices which may experience a drop and put pressure on the currency. A new govt may come with something better or worse than what we have now

The only thing that will make dollars attractive over the Naira in the next 10 years would be if a government comes in and reinstates fuel subsidy, fixes the exchange rate and nationalizes all refineries. If these don't happen then Naira will not witness the kind of collapse you referenced.